Southwest Charter Foundation Inc

Organization Overview

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.

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.


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Board, Officers & Key Employees

Name (title)Compensation
Kenneth J Haiko
Chairman
$0
Thomas P Wheeler
Treasurer
$0
John O'brien
Vice Chairman
$0
Dennis P Clark
Stcretary
$0
Billie Miller
Director
$0
Paul Sallarulo
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Progressus Therapy Llc
Therapy Professional
$598,277
Red Apple Development Llc
Rent
$186,048
View All Vendors

Financial Statements

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

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