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Nonprofiteer
← BABCOCK NEIGHBORHOOD SCHOOL INC

Form 990 for tax year 2024

Filed by BABCOCK NEIGHBORHOOD SCHOOL INC.

Totals

Total revenue
$16,752,677
Total expenses
$17,775,904
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$12,201,826
Investment income
$298,858
Other revenue
$4,251,993
Total assets, end of year
$74,279,316
Total liabilities, end of year
$74,105,409
Net assets or fund balances, end of year
$173,907
Program services expenses (Part IX)
$17,475,028
Management and general expenses
$300,876
Fundraising expenses
$0
Program service expenses (Part III)
$17,475,028

Program services were 98.3% 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: FTE - PER STUDENT FUNDING

    total $11,282,404 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: FEDERAL FUNDING

    total $407,883 · unrelated business $0 · excluded $0

  • 2c · Program service revenue: STUDENT LUNCHES

    total $294,256 · unrelated business $0 · excluded $0

  • 2d · Program service revenue: BEFORE/AFTERCARE

    total $217,283 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $298,858 · unrelated business $0 · excluded $0

  • 11a · Other revenue: OTHER LOCAL

    total $4,251,993 · related or exempt $4,251,993 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $4,251,993

Functional expenses

Part IX, the statement of functional expenses.

  • 20 · Interest

    total $2,969,052 · program services $2,969,052 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $1,115,866 · program services $1,115,866 · management and general $0 · fundraising $0

  • 24a · Other expenses: INSTRUCTION

    total $7,168,404 · program services $7,168,404 · management and general $0 · fundraising $0

  • 24b · Other expenses: STUDENT SUPPORT SERVICES

    total $384,647 · program services $384,647 · management and general $0 · fundraising $0

  • 24c · Other expenses: INSTRUCTION & CURRICULUM DEVELOPMENT

    total $318,346 · program services $318,346 · management and general $0 · fundraising $0

  • 24d · Other expenses: INSTRUCTIONAL STAFF TRAINING

    total $71,280 · program services $71,280 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $5,748,309 · program services $5,447,433 · management and general $300,876 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,249,043 · end of year $16,473,798

  • 3 · Pledges and grants receivable

    beginning of year $78,269 · end of year $162,398

  • 4 · Accounts receivable

    beginning of year $2,390,971 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $64,954 · end of year $102,333

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

    $61,771,219

  • 10b · Land, buildings and equipment: accumulated depreciation

    $4,230,432

  • 10c · Land, buildings and equipment, net

    beginning of year $32,398,468 · end of year $57,540,787

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,741,572 · end of year $2,052,620

  • 19 · Deferred revenue

    beginning of year $150,000 · end of year $1,844,004

  • 20 · Tax-exempt bond liabilities

    beginning of year $27,310,212 · end of year $67,185,936

  • 23 · Secured mortgages and notes payable

    beginning of year $4,225,687 · end of year $650,000

  • 25 · Other liabilities

    beginning of year $2,557,100 · end of year $2,372,849

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

    beginning of year $2,531,156 · end of year -$7,542,398

  • 31 · Retained earnings, endowment or other funds

    beginning of year -$1,334,022 · end of year $7,716,305

Mission and programs · 2024

Mission

Located in the heart of Americas first solar-powered town, BNS offers a place-based environmentally focused greenSTEAM education program that integrates science, technology, engineering, the arts and mathematics within a thoughtfully provided holistic learning environment. STEAM requires intentional connections among and between standards, assessments, and lesson design while integrating related standards across disciplines - allowing students to demonstrate mastery of subjects.

  • Located in the heart of Americas first solar-powered town, BNS offers a place-based environmentally focused greenSTEAM education program that integrates science, technology, engineering, the arts and mathematics within a thoughtfully provided holistic learning environment. STEAM requires intentional connections among and between standards, assessments, and lesson design while integrating related standards across disciplines - allowing students to demonstrate mastery of subjects. By focusing on local landscape, history, culture, and context, learning at BNS takes on specificity and moves from the abstract to the concrete, engaging students with an environment that encourages interactions with, and exploration of, the world around them. The sustainability and conservation principles of Babcock Ranch provide opportunities for hands-on, project-based learning about nature, health and renewable energy with a STEAM focus.

    Expenses $17,475,028 · Revenue $16,752,677

As filed on the 2024 return.

Listed in Part VII

  • Robert Kenny

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Jennifer Languell

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Natalie Bolton

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • GREGORY K ADKINS EdD

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Shannon Treece

    EXECUTIVE DIRECTOR

    Total calculated
    $145,282
    From this org
    $145,282
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Amanda Sanford

    PRINCIPAL

    Total calculated
    $101,002
    From this org
    $101,002
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Heather Tack

    PRINCIPAL

    Total calculated
    $104,415
    From this org
    $104,415
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
16 February 2026
IRS schema version
2024v5.2
Source object
202620489349301507

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