2024-05-14T10:24:53-05:00 2023-06-30 593023516 BKHM PA 1560 ORANGE AVENUE SUITE 600 WINTER PARK FL 32789 990 2022-07-01 510472393 ROUND LAKE CHARTER INC ROUN 3523854399 31333 ROUND LAKE ROAD MOUNT DORA FL 32757 JASON SHORT PRESIDENT 3523854399 2024-05-14 1 JASON SHORT 999009999 0 GEORGE K MCNEMAR P01775038 4079989000 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JASON SHORT 31333 ROUND LAKE ROAD MOUNT DORA FL 32757 11365640 0 X WWW.LAKE.K12.FL.US/RLE X 2003 FL INSPIRE SUCCESS AND A LOVE OF LEARNING THROUGH COMBINED EFFORTS OF STUDENTS, FACULTY, AND PARENTS. 5 5 0 40 0 0 1229414 1483538 8931179 9803053 -59136 17766 178404 61283 10279861 11365640 0 0 0 0 7397563 8873579 0 0 0 2199137 2422123 9596700 11295702 683161 69938 12821861 13344982 8145737 8598920 4676124 4746062 THE MISSION OF THE SCHOOL IS TO INSPIRE SUCCESS AND A LOVE OF LEARNING FOR ALL STUDENTS IN A SAFE AND NURTURING ENVIRONMENT THROUGH THE COMBINED EFFORTS OF STUDENTS, FACULTY, STAFF, AND PARENTS. 0 0 10762377 9864336 TO IMPROVE THE EDUCATIONAL, SOCIAL, PSYCHOLOGICAL, AND PHYSICAL GROWTH OF STUDENTS WITH THE USE OF DIFFERENT AND INNOVATIVE LEARNING METHODS, INCREASING THE CHOICE OF LEARNING OPPORTUNITIES, AND ESTABLISHING A NEW FORM OF ACCOUNTABILITY FOR SCHOOLS. A TOTAL OF 1,195 STUDENTS WERE SERVED DURING THE FISCAL YEAR ENDED JUNE 30, 2023. 10762377 1 1 0 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 25 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X ANTHONY E CANNISTER 3523854399 31333 ROUND LAKE ROAD MOUNT DORA FL 32757 JASON SHORT BOARD CHAIRMAN/PRESIDENT 0.50 X X 0 0 0 REVITAL CARMI SECRETARY 0.50 X X 0 0 0 BYRON DURIAS BOARD MEMBER 0.50 X 0 0 0 AMANDA YATABE BOARD MEMBER 0.50 X 0 0 0 KYLE BRACEWELL BOARD MEMBER 0.50 X 0 0 0 LINDA BARTBERGER PRINCIPAL 45.00 X 115945 0 27451 TODD ROMAN ASSISTANT PRINCIPAL 45.00 X 103546 0 8227 219491 0 35678 2 0 0 0 0 1483538 1483538 PER PUPIL FEES 900099 9416287 9416287 INTERNAL ACCOUNT RECEIPTS 900099 269949 269949 OTHER FEES 900099 116817 116817 9803053 17766 17766 MISCELLANEOUS REVENUE 900099 61283 61283 61283 11365640 9864336 0 17766 103299 99375 3924 6617068 6365709 251359 813012 786753 26259 872584 848271 24313 467616 453011 14605 69654 34827 34827 239800 177279 62521 347448 333389 14059 138248 136855 1393 294505 264343 30162 2293 2028 265 1660 1660 299863 293155 6708 51495 41217 10278 REPAIRS AND MAINTENANCE 478366 428076 50290 INTERNAL ACCOUNT EXPEND 238398 238398 PUPIL TRANSPORTATION SE 172603 172603 MISC EXPENSE 47886 47886 39904 37542 2362 11295702 10762377 533325 0 470932 673765 4431129 3428871 706576 642796 6133 3328 6023390 1463835 4538447 4559555 1201940 936214 893185 1732430 1941542 12821861 13344982 130468 283545 8015269 8315375 8145737 8598920 X 4498286 4536673 177838 209389 4676124 4746062 12821861 13344982 69938 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4856122 899803 3956319 306025 139645 166380 614047 325640 288407 247196 98747 148449 4559555 GOVERNMENT SPONSORED ENTERPRISE BONDS 893185 F 893185 FRS DEFERRED OUTFLOWS 1658556 HIS DEFERRED OUTFLOWS 247521 OPEB DEFERRED OUTFLOWS 35465 1941542 COMPENSATED ABSENCES PAYABLE 369402 DUE TO DISTRICT 1570459 FRS PENSION LIABILITY 3992125 HIS PENSION LIABILITY 1505749 OPEB PENSION LIABILITY 342852 FRS DEFERRED INFLOWS 48267 HIS DEFERRED INFLOWS 269681 OPEB DEFERRED INFLOWS 191229 OTHER LIABILITIES 25611 8315375 X 11401317 35677 35677 11365640 0 11365640 11331379 35677 35677 11295702 0 11295702 PART X, LINE 2: THE SCHOOL IS AN ORGANIZATION EXEMPT FROM INCOME TAXATION UNDER SECTION 501(A) AS AN ENTITY DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED. ACCORDINGLY, NO PROVISION FOR FEDERAL INCOME TAXES IS INCLUDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE SCHOOL HAS ADOPTED GUIDANCE RELATED TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION THAT AN ENTITY TAKES OR EXPECTS TO TAKE IN A TAX RETURN. THIS GUIDANCE IS APPLICABLE TO NOT-FOR-PROFIT ORGANIZATIONS THAT MAY BE CONDUCTING UNRELATED BUSINESS ACTIVITIES, WHICH ARE POTENTIALLY SUBJECT TO INCOME TAXES, INCLUDING STATE INCOME TAXES. THE SCHOOL ASSESSES ITS INCOME TAX POSITIONS, INCLUDING ITS CONTINUING TAX STATUS AS A NOT-FOR-PROFIT ENTITY, AND RECOGNIZES TAX BENEFITS ONLY TO THE EXTENT THAT THE SCHOOL BELIEVES IT IS "MORE LIKELY THAN NOT" THAT ITS TAX POSITIONS WILL BE SUSTAINED UPON AN EXAMINATION BY THE INTERNAL REVENUE SERVICE ("IRS") OR THE APPLICABLE STATE TAXING AUTHORITY. ACCORDINGLY, THERE IS NO PROVISION FOR FEDERAL INCOME TAXES IN THE SCHOOL'S FINANCIAL STATEMENTS, AS THE SCHOOL BELIEVES ALL TAX POSITIONS, INCLUDING ITS CONTINUING STATUS AS A NOT-FOR-PROFIT ENTITY, HAVE A GREATER THAN 50% CHANCE OF REALIZATION IN THE EVENT OF AN IRS AUDIT. STATE INCOME TAXES, WHICH MAY BE DUE IN CERTAIN JURISDICTIONS, HAVE BEEN ASSESSED FOLLOWING THE SAME "MORE LIKELY THAN NOT" MEASUREMENT THRESHOLD. PART XI, LINE 2D - OTHER ADJUSTMENTS: PASSTHROUGH ADMIN FEES 35,677. PART XII, LINE 2D - OTHER ADJUSTMENTS: PASSTHROUGH ADMIN FEES 35,677. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE ORGANIZATION PUBLICIZES ITS RACIALLY NONDISCRIMINATORY POLICY THROUGH BROCHURES, NEWSLETTERS, LOCAL NEIGHBORHOOD EVENTS, NEWSPAPERS, OPEN HOUSES, WEBSITES AND/OR VIDEOS. SCHEDULE E, PART I, LINE 6 REVENUES ARE RECEIVED FROM THE FLORIDA DEPARTMENT OF EDUCATION UNDER THE FLORIDA EDUCATION FINANCE PROGRAM. THE AMOUNT RECEIVED IS BASED ON THE NUMBER OF WEIGHTED FULL-TIME EQUIVALENT STUDENTS REPORTED BY THE SCHOOL DURING THE SURVEY PERIOD. REVENUES ARE RECEIVED FROM THE EARLY LEARNING COALITION OF LAKE COUNTY THROUGH THE VOLUNTARY PREKINDERGARTEN EDUCATION PROGRAM, ADMINISTERED BY THE OFFICE OF EARLY LEARNING UNDER THE FLORIDA DEPARTMENT OF EDUCATION. A SEPARATE BASE STUDENT ALLOCATION PER FULL-TIME EQUIVALENT STUDENT IN THE VOLUNTARY PREKINDERGARTEN EDUCATION PROGRAM SHALL BE PROVIDED IN THE GENERAL APPROPRIATIONS ACT, TOTALING $111,405 FOR THE 2022-2023 SCHOOL YEAR. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION WAS PROVIDED A COPY OF FORM 990 FOR THEIR DETAIL REVIEW PRIOR TO FILING. THE PRINCIPAL, EXTERNAL CPA, AND THE CHARTER BOARD OF DIRECTORS REVIEW THE RETURN PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD MEMBERS ARE REQUIRED TO COMPLETE A STATE OF FLORIDA FORM (FORM 8B MEMORANDUM OF VOTING CONFLICT) WHEN A CONFLICT OF INTEREST IS BROUGHT UP AT A BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 15 THE SALARIES OF ALL EMPLOYEES ARE SET BY THE SCHOOL BOARD OF LAKE COUNTY, AND ANY CHANGE IN COMPENSATION IS SUBJECT TO REVIEW AND APPROVAL BY THE SCHOOL BOARD OF LAKE COUNTY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART I, LINE 5 THE RELATIONSHIP BETWEEN ROUND LAKE CHARTER, INC. AND THE LAKE COUNTY SCHOOL DISTRICT REQUIRES THE EMPLOYEES WORKING AT THE SCHOOL TECHNICALLY BE EMPLOYEES OF THE SCHOOL DISTRICT. AS SUCH, ALL PAYROLL AND PAYROLL RELATED COSTS ARE PROCESSED AND PAID BY THE SCHOOL DISTRICT. THESE EXPENSES ARE THEN REIMBURSED BY THE SCHOOL ON A DOLLAR FOR DOLLAR BASIS. REIMBURSEMENTS PAID TO THE LAKE COUNTY SCHOOL DISTRICT FOR PAYROLL AND RELATED BENEFITS TOTALED $8,873,579 FOR THE YEAR. THERE ARE APPROXIMATELY 125 EMPLOYEES OF THE LAKE COUNTY SCHOOL DISTRICT WORKING AT ROUND LAKE CHARTER, INC. THIS IS THE REASON THERE ARE ZERO EMPLOYEES OF ROUND LAKE CHARTER, INC. REPORTED ON PART I, LINE 5.