Brevard Innovative Charter Schools Inc
- Assets
- $7.8m
- Revenue
- $5.0m
- Investments
- $0.0
- Employees
- 108
- Location
- Titusville, FL
- Founding
- 03/2000
- Data as of
- 06/2021
- EIN
- 59-3578466
Organization Overview
Brevard Innovative Charter Schools Inc is located in Titusville, FL. The organization was established in 2000. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2021, Brevard Innovative Charter Schools Inc employed 108 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brevard Innovative Charter Schools 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, Brevard Innovative Charter Schools Inc generated $5.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $4.7m during the year ending 06/2021. While expenses have increased by 2.1% 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
PK-8 EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHARTER SCHOOL, GRADES K-8 ENROLLMENT 552.90 FTE
BEFORE/AFTER PROGRAM - 50 ENROLLED AND 56 DROP-IN PARTICIPANTS. PREK PROGRAM - 16 ENROLLED VPK PROGRAM - 48 ENROLLED (32 HALF-DAY / 16 ALL-DAY)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Renee Bernhard Principal | OfficerTrustee | 40 | $66,186 |
Patricia O'sullivan Treasurer | OfficerTrustee | 1 | $0 |
Theresa Murphy Secretary | OfficerTrustee | 1 | $0 |
Gary Boyer President | OfficerTrustee | 2 | $0 |
Scott Gaenicke Vice-Preside | OfficerTrustee | 1 | $0 |
Steve Richardson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $52,219 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $52,219 |
| Total Program Service Revenue | $4,722,926 |
| Investment income | $9,983 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $17,897 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,025,770 |
| 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. | $69,288 |
| Compensation of current officers, directors, key employees. | $69,288 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,815,935 |
| Pension plan accruals and contributions | $37,359 |
| Other employee benefits | $443,024 |
| Payroll taxes | $231,491 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,823 |
| Fees for services: Accounting | $9,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $36,063 |
| Information technology | $72,852 |
| Royalties | $0 |
| Occupancy | $195,102 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $364,550 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $222,521 |
| Insurance | $55,628 |
| All other expenses | $19,941 |
| Total functional expenses | $4,698,654 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $578,119 |
| Savings and temporary cash investments | $1,512,922 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $140,307 |
| 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 | $13,306 |
| Net Land, buildings, and equipment | $4,084,274 |
| Investments—publicly traded securities | $1,422,153 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,751,081 |
| Accounts payable and accrued expenses | $389,561 |
| 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 | $4,855,000 |
| Unsecured mortgages and notes payable | $171,647 |
| Other liabilities | $57,202 |
| Total liabilities | $5,473,410 |
| Net assets without donor restrictions | $933,523 |
| Net assets with donor restrictions | $1,344,148 |
| 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 | $7,751,081 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Brevard Innovative Charter Schools Inc has recieved totaling $638.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $638 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Admiral Farragut Academy Inc St Petersburg, FL | $21,987,210 | $17,628,245 |
The Pepin Academies Inc Riverview, FL | $29,193,079 | $15,292,981 |
Oak Hall Private School Gainesville, FL | $28,822,361 | $15,634,041 |
Atlanta Jewish Academy Inc Atlanta, GA | $22,350,554 | $15,415,216 |
The Felicia Penzell Weber Jewish Community High School Inc Atlanta, GA | $43,433,763 | $21,423,275 |
Torah Academy Of Boca Raton Inc Boca Raton, FL | $6,046,779 | $10,224,261 |
Katz Yeshiva High School Of South Florida Inc Boca Raton, FL | $18,491,593 | $8,621,802 |
Ivy Preparatory Academy Incorporated Atlanta, GA | $13,093,434 | $7,743,445 |
Loganville Christian Academy Inc Loganville, GA | $11,454,751 | $7,322,171 |
Florida High School Athletic Association Inc Gainesville, FL | $7,136,528 | $6,568,793 |
Oglethorpe Charter School Inc Savannah, GA | $6,663,561 | $6,904,086 |
Georgia High School Association Thomaston, GA | $8,760,324 | $5,170,653 |