Round Lake Charter Inc
- Assets
- $12.8m
- Revenue
- $10.3m
- Investments
- $936.2k
- Employees
- 0
- Location
- Mount Dora, FL
- Founding
- 06/2007
- Data as of
- 06/2022
- EIN
- 51-0472393
Organization Overview
Round Lake Charter Inc is located in Mount Dora, FL. The organization was established in 2007. 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. Round Lake Charter Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Round Lake Charter Inc generated $10.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $9.6m during the year ending 06/2022. While expenses have increased by 7.8% per year over the past 6 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
INSPIRE SUCCESS AND A LOVE OF LEARNING THROUGH COMBINED EFFORTS OF STUDENTS, FACULTY, AND PARENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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 1,194 STUDENTS WERE SERVED DURING THE FISCAL YEAR ENDED JUNE 30, 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Short Board Chairman/president | OfficerTrustee | 0.5 | $0 |
Frederick Jones Vice Chair | OfficerTrustee | 0.5 | $0 |
Revital Carmi Secretary | OfficerTrustee | 0.5 | $0 |
Byron Durias Board Member | Trustee | 0.5 | $0 |
Amanda Yatabe Board Member | Trustee | 0.5 | $0 |
Kyle Bracewell Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,229,414 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,229,414 |
| Total Program Service Revenue | $8,931,179 |
| Investment income | $13,102 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$72,238 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,279,861 |
| 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. | $103,299 |
| Compensation of current officers, directors, key employees. | $4,643 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,875,172 |
| Pension plan accruals and contributions | $138,380 |
| Other employee benefits | $870,273 |
| Payroll taxes | $410,439 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $58,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $237,735 |
| Advertising and promotion | $0 |
| Office expenses | $296,018 |
| Information technology | $82,351 |
| Royalties | $0 |
| Occupancy | $280,402 |
| Travel | $7,800 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,137 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $274,075 |
| Insurance | $57,105 |
| All other expenses | $10,869 |
| Total functional expenses | $9,596,700 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $470,932 |
| Savings and temporary cash investments | $4,431,129 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $706,576 |
| 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 | $6,133 |
| Net Land, buildings, and equipment | $4,538,447 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $936,214 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,732,430 |
| Total assets | $12,821,861 |
| Accounts payable and accrued expenses | $130,468 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| 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 | $8,015,269 |
| Total liabilities | $8,145,737 |
| Net assets without donor restrictions | $4,498,286 |
| Net assets with donor restrictions | $177,838 |
| 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 | $12,821,861 |