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Nonprofiteer
← BASECAMP305 INC

Form 990 for tax year 2022

Filed by BASECAMP305 INC.

Totals

Total revenue
$124,143
Total expenses
$1,924,759
Contributions and grants received
$0
Grants paid
$66,780
Program service revenue
$270,383
Investment income
-$146,240
Other revenue
$0
Total assets, end of year
$13,155,291
Total liabilities, end of year
$336
Net assets or fund balances, end of year
$13,154,955
Program services expenses (Part IX)
$1,740,598
Management and general expenses
$184,161
Fundraising expenses
$0
Program service expenses (Part III)
$1,740,598

Program services were 90.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: TUITION

    total $270,383 · related or exempt $270,383

  • 3 · Investment income

    total $127,902 · excluded $127,902

  • 7a · Gross sales of assets other than inventory

    securities $7,097,042

  • 7b · Less cost or other basis and sales expenses

    securities $7,371,184

  • 7c · Gain or loss

    securities -$274,142

  • 7d · Net gain or loss

    total -$274,142 · excluded -$274,142

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $27,780 · program services $27,780

  • 2 · Grants to domestic individuals

    total $39,000 · program services $39,000

  • 7 · Other salaries and wages

    total $491,814 · program services $455,070 · management and general $36,744

  • 9 · Other employee benefits

    total $24,795 · program services $22,151 · management and general $2,644

  • 10 · Payroll taxes

    total $38,512 · program services $34,661 · management and general $3,851

  • 11b · Fees: legal

    total $55,199 · management and general $55,199

  • 11c · Fees: accounting

    total $9,350 · management and general $9,350

  • 11g · Fees: other

    total $173,049 · program services $173,049

  • 12 · Advertising and promotion

    total $94,392 · program services $94,392

  • 13 · Office expenses

    total $52,657 · program services $42,126 · management and general $10,531

  • 14 · Information technology

    total $30,759 · program services $24,607 · management and general $6,152

  • 16 · Occupancy

    total $515,894 · program services $464,305 · management and general $51,589

  • 17 · Travel

    total $5,512 · program services $5,512

  • 23 · Insurance

    total $81,008 · program services $72,907 · management and general $8,101

  • 24a · Other expenses: SCHOOL SUPPLIES

    total $109,028 · program services $109,028

  • 24b · Other expenses: SECURITY & SAFETY

    total $100,750 · program services $100,750

  • 24c · Other expenses: TRAINING & PROF. DVLP.

    total $38,085 · program services $38,085

  • 24d · Other expenses: MEALS & SNACKS-STUDENTS

    total $37,175 · program services $37,175

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $638,919 · end of year $32,726

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $0 · end of year $13,598

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $7,668,208

  • 10c · Land, buildings and equipment, net

    beginning of year $7,617,627 · end of year $7,668,208

  • 11 · Investments: publicly traded securities

    beginning of year $6,275,164 · end of year $5,440,759

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,018 · end of year $336

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $14,530,692 · end of year $13,154,955

Mission and programs · 2022

Mission

THE MISSION OF BASECAMP305 IS TO PROVIDE AN EXCEPTIONAL EDUCATIONAL EXPERIENCE TO FOSTER CURIOSITY, EXPLORATION, INNOVATION, COMMUNICATION AND EXECUTION THROUGH UNIQUE PROJECT-BASED LEARNING EXPERIENCES.

Activities or mission (Part I)

TO PROVIDE AN EXCEPTIONAL EDUCATIONAL EXPERIENCE TO FOSTER (SEE SCHEDULE O) CURIOSITY, EXPLORATION, INNOVATION, COMMUNICATION AND EXECUTION THROUGH UNIQUE PROJECT-BASED LEARNING EXPERIENCES.

  • SEE SCHEDULE OBASECAMP305 SERVES QUALIFIED STUDENTS BY CREATING A WORLD-CLASS CURRICULUM HEAVILY FOCUSED ON SCIENCE, TECHNOLOGY, MATH, AND SOCIAL RESPONSILBILITY. PROBLEM SOLVING, CRITICAL THINKING, TEAMWORK, COMMUNICATION AND ETHICS ARE CORE ELEMENTS OF DAILY PROJECTS.BASECAMP305 EMPHASIZES SCIENCE, TECHNOLOGY, ENGINEERING, THE ARTS AND MATHEMATICS ("STEAM"). THE STEAM CURRICULUM IS FOCUSED ON DEVELOPING ORGANIZED AND ANALYTICAL THINKING, AS WELL AS PROBLEM-SOLVING SKILLS. BASECAMP305 EMPHASIZES A HANDS-ON APPROACH TO LEARNING THAT FOCUSES ON THE PROCESSES AND TECHNIQUES OF DISCOVERY. THE CURRICULUM IS DESIGNED TO OFFER STUDENTS A FOUNDATION IN THE SCIENTIFIC AND DESIGN PROCESSES. CLASSES ARE CONDUCTED BY HIGHLY QUALIFIED AND EXPERIENCED EDUCATORS. BASECAMP305 IS A PRIMARY SCHOOL DEDICATED TO THE CURIOSITY AND LEARNING OF HIGHLY-GIFTED STUDENTS IN MIAMI BEACH, FLORIDA. CLASS SIZES ARE SMALL DURING BASECAMP305'S INITIAL YEARS WITH A LOW STUDENT TO TEACHER RATIO. THE MAJORITY OF THE STUDENT BASE IS FULL TIME RESIDENTS OF MIAMI BEACH, FLORIDA. PREFERENCE WILL BE GIVEN TO CHILDREN RESIDING SOUTH OF 30TH STREET IN MIAMI BEACH, FLORIDA, AS WELL AS TO CHILDREN OF FAMILIES THAT HAVE A PAST, CURRENT OR FUTURE ASSOCIATION TO AIRWATCH OR ONETRUST. BASECAMP305 BEGAN IN 2020 WITH A PRE-KINDERGARTEN CLASS, ADDING A KINDERGARTEN CLASS DURING FISCAL YEAR 2021, FIRST GRADE DURING FISCAL YEAR 2022 AND SECOND GRADE DURING FISCAL YEAR 2023. IN FUTURE YEARS, BASECAMP305 EXPECTS TO GRADUALLY EXPAND TO INCLUDE ADDITIONAL CLASSES UP THROUGH FIFTH GRADE. CLASS SIZES WILL REMAIN SMALL, AND INSTRUCTION AND ACTIVITIES WILL TYPICALLY INVOLVE MIXED AGES. THE SCHOOL AWARDS NEED-BASED SCHOLARSHIPS TO QUALIFYING STUDENTS.

    Expenses $1,740,598 · Grants $66,780 · Revenue $270,383

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • John Marshall

    DIRECTOR, PRES, SEC, TREAS

    Total calculated
    $0
    Hours/week
    10

  • Diana Dellaratta

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jeffry Baum

    DIRECTOR, VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • BASECAMP305 JR LLC

    DORMANT · FL

Provenance

Return type
form_990
Tax year
2022
Filed
5 November 2023
IRS schema version
2022v5.0
Source object
202303099349300210

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