Southwest Charter Foundation Inc is located in Fort Lauderdale, FL. The organization was established in 2004. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 06/2020, Southwest Charter Foundation Inc generated $57.8m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $58.0m during the year ending 06/2020. While expenses have increased by 1.3% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION OPERATES SIX CHARTER SCHOOLS IN LEE COUNTY FLORIDA AND ONE CHARTER SCHOOL IN MANATEE COUNTY FLORIDA. THE SCHOOLS WILL PROVIDE STUDENTS, PRE-KINDERGARTEN THROUGH TWELFTH GRADE, WITH THE NECESSARY TOOLS AND SKILLS NEEDED TO DEVELOP SUPERIOR LEVELS OF ACHIEVEMENT. THEY WILL STRIVE FOR ACADEMIC, SOCIAL AND PHYSICAL EXCELLENCE BY PROVIDING A HIGH QUALITY, CHALLENGING CURRICULUM. THEY WILL PROMOTE POSITIVE MORAL AND SOCIAL VALUES, FOSTER AN ATMOSPHERE OF SELF-DISCIPLINE IN A SAFE LEARNING ENVIRONMENT AND MAXIMIZE INDIVIDUAL PRODUCTIVITY TO MEET THE NEEDS OF A CHANGING GLOBAL SOCIETY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BONITA SPRINGS CHARTER SCHOOL: PROVIDE QUALITY EDUCATION TO KINDERGARTEN THROUGH EIGHTH (K-8) GRADE.
SIX MILE CHARTER ACADEMY: PROVIDE THE HIGHEST QUALITY EDUCATION FROM PRE-KINDERGARTEN THROUGH EIGHTH (K-8) GRADE.
GATEWAY CHARTER SCHOOL: PROVIDE THE HIGHEST QUALITY EDUCATION FROM KINDERGARTEN THROUGH EIGHTH (K-8) GRADE.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Kenneth J Haiko Chairman | OfficerTrustee | 2 | $0 |
Thomas P Wheeler Treasurer | OfficerTrustee | 1 | $0 |
John O'brien Vice Chairman | OfficerTrustee | 1 | $0 |
Dennis P Clark Stcretary | OfficerTrustee | 1 | $0 |
Billie Miller Director | Trustee | 1 | $0 |
Paul Sallarulo Director | Trustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Progressus Therapy Llc Therapy Professional | 6/29/20 | $598,277 |
Red Apple Development Llc Rent | 6/29/20 | $186,048 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $3,188,108 |
All other contributions, gifts, grants, and similar amounts not included above | $1,795,440 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $4,983,548 |
Total Program Service Revenue | $52,339,817 |
Investment income | $470,625 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | -$41,829 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $57,830,005 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $22,380,060 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $2,815,154 |
Payroll taxes | $1,688,267 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $4,740,264 |
Advertising and promotion | $221,228 |
Office expenses | $321,908 |
Information technology | $744,984 |
Royalties | $0 |
Occupancy | $247,832 |
Travel | $103,095 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $7,151,820 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $4,496,839 |
Insurance | $644,240 |
All other expenses | $3,204,806 |
Total functional expenses | $58,026,921 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $8,169,680 |
Savings and temporary cash investments | $1,491,763 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $22,876 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $252,808 |
Net Land, buildings, and equipment | $94,379,298 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $13,902,738 |
Total assets | $118,219,163 |
Accounts payable and accrued expenses | $2,122,500 |
Grants payable | $0 |
Deferred revenue | $7,707 |
Tax-exempt bond liabilities | $121,526,915 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $8,125,552 |
Total liabilities | $131,782,674 |
Net assets without donor restrictions | -$13,563,511 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $118,219,163 |
Organization Name | Assets | Revenue |
---|---|---|
Pinecrest Academy Inc Miami, FL | $73,491,792 | $63,972,787 |
Southwest Charter Foundation Inc Fort Lauderdale, FL | $118,219,163 | $57,830,005 |
Advantage Academy Of Hillsborough Inc Coral Springs, FL | $50,964,393 | $53,078,676 |
Doral Academy Inc Miami, FL | $78,216,564 | $49,667,670 |
Lake Wales Charter Schools Lake Wales, FL | $29,221,588 | $41,081,577 |
Georgia Connections Academy Charter School Inc Duluth, GA | $19,529,567 | $33,242,489 |
Drew Charter School Inc Atlanta, GA | $28,800,151 | $32,554,302 |
Kindezi School Inc Atlanta, GA | $22,932,167 | $22,785,244 |
River City Education Services Jacksonville, FL | $27,833,797 | $24,228,540 |
Discovery Education Services Inc Orlando, FL | $27,591,828 | $25,611,124 |
The Foundation For Osceola Education Inc Kissimmee, FL | $16,559,688 | $23,728,368 |
Foothills Education Center Inc Athens, GA | $11,936,361 | $20,888,019 |