Bay Haven Charter Academy Inc
- Assets
- $72.5m
- Revenue
- $30.3m
- Investments
- $0.0
- Employees
- 426
- Location
- Panama City, FL
- Founding
- 06/2003
- Data as of
- 06/2021
- EIN
- 65-1121807
Organization Overview
Bay Haven Charter Academy Inc is located in Panama City, FL. The organization was established in 2003. According to its NTEE Classification (B30) the organization is classified as: Vocational & Technical Schools, under the broad grouping of Education and related organizations. As of 06/2021, Bay Haven Charter Academy Inc employed 426 individuals. This organization is the central organization for a national or regional group of organizations. Bay Haven Charter Academy 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 06/2021, Bay Haven Charter Academy Inc generated $30.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $29.0m during the year ending 06/2021. While expenses have increased by 5.8% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE COMPANY OWNS AND OPERATES A PUBLIC SCHOOL IN PANAMA CITY, FL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BAY HAVEN CHARTER ACADEMY, INC. ENROLLED CHILDREN IN PRESCHOOL THROUGH TWELFTH GRADE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jon Mcfatter President | OfficerTrustee | 1 | $0 |
Tiffany Ennis Vice President | OfficerTrustee | 1 | $0 |
Larry Bolinger CEO | OfficerTrustee | 40 | $0 |
Laura Adams CFO | OfficerTrustee | 40 | $0 |
Jennifer Mccabe Secretary/treasurer | OfficerTrustee | 1 | $0 |
Jeremy Hatcher Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Roof Depot Roofing Company | 6/29/20 | $765,678 |
Bayside Paint Contracting Painting Comapny | 6/29/20 | $157,497 |
Cotton Construction/various | 6/29/20 | $994,205 |
The Roof Depot Roofing Company | 6/29/20 | $765,678 |
Bayside Paint Contracting Painting Comapny | 6/29/20 | $157,497 |
Cotton Construction/various | 6/29/20 | $994,205 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $28,474,864 |
| All other contributions, gifts, grants, and similar amounts not included above | $160,623 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $28,635,487 |
| Total Program Service Revenue | $1,209,826 |
| Investment income | $6,180 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $7,851 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $30,327,754 |
| 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 | $14,419,065 |
| Pension plan accruals and contributions | $1,389,848 |
| Other employee benefits | $813,949 |
| Payroll taxes | $1,060,377 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $86,685 |
| Fees for services: Accounting | $98,928 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $519,023 |
| Advertising and promotion | $27,713 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $21,006 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,600,749 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,205,280 |
| Insurance | $301,697 |
| All other expenses | $337,216 |
| Total functional expenses | $29,035,767 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,145,201 |
| Savings and temporary cash investments | $3,556,676 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,151,121 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $12,374 |
| Prepaid expenses and deferred charges | $483,256 |
| Net Land, buildings, and equipment | $42,628,218 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,500,316 |
| Total assets | $72,477,162 |
| Accounts payable and accrued expenses | $1,577,909 |
| Grants payable | $0 |
| Deferred revenue | $472,316 |
| 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 | $34,109,743 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $15,152,880 |
| Total liabilities | $51,312,848 |
| Net assets without donor restrictions | $8,563,973 |
| Net assets with donor restrictions | $2,374,472 |
| 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 | $72,477,162 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Bay Haven Charter Academy Inc has recieved totaling $250.
| Awarding Organization | Amount |
|---|---|
Charles A Whitehead Foundation Inc Panama City, FL PURPOSE: CONTRIBUTION | $250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bay Haven Charter Academy Inc Panama City, FL | $72,477,162 | $30,327,754 |
Circus Arts Conservatory Inc Sarasota, FL | $8,250,938 | $3,678,261 |
Youth Automotive Training Center Of Broward Inc Deerfield Beach, FL | $53,993,495 | $5,483,147 |
Edventure Charter School Inc Hypoluxo, FL | $1,173,630 | $2,133,014 |
Believers Academy Inc West Palm Beach, FL | $1,332,397 | $2,105,906 |
Central Florida Leadership Academy Orlando, FL | $907,146 | $949,448 |
Donna J Beasley Tri-County Apprenticeship Academy Inc Fort Myers, FL | $2,484,680 | $1,196,685 |
Georgia Association For Career & Technical Education Inc Marietta, GA | $923,695 | $850,463 |
Suncoast Developers Guild Inc Saint Petersburg, FL | $243,974 | $739,389 |
Citation Jet Pilots Safety And Education Foundation Inc Enterprise, FL | $314,548 | $637,068 |
Florida School Of Traditional Midwifery Inc Gainesville, FL | $713,081 | $663,052 |
Florida Association For Career And Technical Education Inc Tallahassee, FL | $536,597 | $623,685 |