2013-03-21T08:30:42-05:00 2012-06-30 VERDEJA & DE ARMAS LLP 255 ALHAMBRA CIR STE 560 CORAL GABLES FL 331347417 990 2011-07-01 650900712 GULLIVER SCHOOLS INC GULL 3056666333 1500 SAN REMO AVENUE ROOM/SUITE 400 MIAMI FL 33146 JOSE FUENTE 3056666333 2013-03-20 true OCTAVIO A VERDEJA 3054463177 2013-03-21 2011 2016-02-25 16:41:14Z JOSE FUENTE 1500 SAN REMO AVENUE SUITE 400 MIAMI FL 33146 61818083 false X WWW.GULLIVERSCHOOLS.ORG X 1999 FL TO PROVIDE A SUPERIOR, PERSONALIZED COLLEGE PREPARATORY EDUCATION FOSTERING WELL-ROUNDED, SUCCESSFUL, LIFELONG LEARNERS AND DEVELOP THE UNIQUE GIFTS AND TALENTS OF EACH STUDENT IN A NURTURING ENVIRONMENT THAT PROMOTES ACADEMIC EXCELLENCE, INNOVATION, GLOBAL UNDERSTANDING AND CHARACTER. 7 7 644 10 0 1130577 1593798 55404814 58236173 842625 573551 245030 263646 57623046 60667168 5670663 6158995 0 28721081 30200130 0 810167 19833497 20886587 54225241 57245712 3397805 3421456 81956153 88731987 51699255 57018548 30256898 31713439 X TO PROVIDE A SUPERIOR, PERSONALIZED COLLEGE PREPARATORY EDUCATION FOSTERING WELL-ROUNDED, SUCCESSFUL, LIFELONG LEARNERS AND DEVELOP THE UNIQUE GIFTS AND TALENTS OF EACH STUDENT IN A NURTURING ENVIRONMENT THAT PROMOTES ACADEMIC EXCELLENCE, INNOVATION, GLOBAL UNDERSTANDING AND CHARACTER. false false 47849664 6158995 SUCCESSFULLY OPERATED A PRIVATE SCHOOL WHICH PROVIDES EDUCATIONAL SERVICES TO APPROXIMATELY 2,195 STUDENTS FROM PRIMARY THROUGH TWELFTH GRADE FOR AN ENTIRE SCHOOL YEAR. 47849664 true true false false false false false false false true true false false false false true true false true false false false false false false false false false true false false false false false false true false false false false false false true false false false false false true 109 0 true 644 true false false false false false false false false false false false false X 7 7 false true false false false false false true true false false true true true true true true true true false FL X GULLIVER SCHOOLS INC 3056666333 1500 SAN REMO AVE STE 400 CORAL GABLES FL 33146 X JEFFREY BARTEL 1.00 X 0 0 0 EMILIO NUNEZ 1.00 X 0 0 0 BILL KERDYK 1.00 X 0 0 0 ABIGAIL WATTS-FITZGERALD 1.00 X 0 0 0 LIBBY WITHERSPOON 1.00 X 0 0 0 SARAH NESBITT ARTECONA 1.00 X 0 0 0 BARRY S GOULD 1.00 X 0 0 0 CHARLES BALES JR 40.00 X 114468 0 0 HENRY LANGSTON 40.00 X 106433 0 0 220901 2 false false false SCHOOL MANAGEMENT SYSTEMS 1500 SAN REMO AVE 400 MIAMI FL 33146 MANAGEMENT COM. 2812093 SAGE DINING SERVICES INC 1402 YORK ROAD SUITE 1 LUTHERVILLE MD 21093 FOOD SERVICES 1894124 OLA CONSTRUCTION GROUP 144272 SW 140TH STREET MIAMI FL 33186 CONTRACTOR 1846199 PCI DEVELOPMENT GROUP 16445 SW 74 CT MIAMI FL 33157 CONTRACTOR 1177946 EURO AMERICAN PROGRAMS PO BOX 1388 BROOKSVILLE FL 34601 TRAVEL/TOUR AGE 520264 5 1593798 1593798 TUITION REVENUES 49833807 49833807 SCHOOL FEES 5144024 5144024 SUMMER SCHOOL/CAMP 2522501 2522501 OTHER REVENUES 735841 735841 58236173 772385 772385 198834 -198834 -198834 -198834 1215727 952081 263646 263646 60667168 58037339 1036031 6158995 6158995 24480393 22754734 1330976 394683 349131 339027 5087 5017 3513757 2894179 579633 39945 1856849 1746804 91072 18973 2794839 2794839 213756 4499 209257 64000 64000 354803 176436 144385 33982 129038 104145 23106 1787 532020 151282 222447 158291 182342 174922 2368 5052 83467 77525 4388 1554 94651 18979 75672 3626039 3626039 1130596 1130596 MISCELLANEOUS EXPENSES 3893666 3938784 -45118 EDUCATION 1883815 1870054 13761 REPAIRS & MAINTENANCE 1559064 180277 1378088 699 LOSS ON DERIVATIVE FIN. 1106075 1106075 3238416 2502387 554488 181541 57245712 47849664 8585881 810167 28050737 32163211 1561085 1671442 39313 20869 277492 221664 680008 940504 69043368 19391564 47020876 49651804 4326642 4062493 81956153 88731987 3222658 2810213 17740820 22208294 25800000 25100000 4935777 6900041 51699255 57018548 X 27342513 28702852 2000909 2088761 913476 921826 30256898 31713439 81956153 88731987 3421456 -1964915 X false true true X false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false 5733029 8350 -32853 5708526 4782620 19910 930499 5733029 858462 4035104 -110946 4782620 0.83850 0.16150 false false false 12408340 12408340 28811654 4875397 23936257 14275617 5019129 9256488 6083266 3607998 2475268 7464491 5889040 1575451 49651804 60667168 57245712 3421456 -1964915 -1964915 1456541 52543258 -1964915 -1964915 54508173 6158995 6158995 60667168 51086717 51086717 6158995 6158995 57245712 LIABILITY UNDER FIN 48 FOOTNOTE SCHEDULE D, PAGE 3, PART X THE SCHOOL IS EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND THEREFORE, HAS MADE NO PROVISION FOR FEDERAL INCOME TAXES IN THE ACCOMPANYING FINANCIAL STATEMENTS. IN ADDITION, THE SCHOOL QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170 (B)(1)(A) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION OTHER THAN A PRIVATE FOUNDATION UNDER SECTION 509 (A)(2). THE SCHOOL ADOPTED FASB ASC 740, INCOME TAXES, WHICH CLARIFIES ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES REPORTED IN THE FINANCIAL STATEMENTS. THE INTERPRETATION PROVIDES CRITERIA FOR ASSESSMENT OF INDIVIDUAL TAX POSITIONS AND A PROCESS FOR RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. TAX POSITIONS ARE EVALUATED ON WHETHER THEY MEET THE "MORE LIKELY THAN NOT" STANDARD FOR SUSTAINABILITY ON EXAMINATION BY TAX AUTHORITIES. THERE WAS NO MATERIAL IMPACT ON THE SCHOOL'S FINANCIAL STATEMENTS FOR THE YEARS ENDED JUNE 30, 2012 AND 2011 AS A RESULT OF ADOPTION. RECONCILIATION OF CHANGES - OTHER SCHEDULE D, PAGE 4, PART XI, LINE 8 SPECIFIC ASSISTANCE TO INDIVIDUALS-REVENUE -6,158,995 SPECIFIC ASSISTANCE TO INDIVIDUALS-EXPENSES 6,158,995 REVENUE AMOUNTS INCLUDED ON RETURN - OTHER SCHEDULE D, PAGE 4, PART XII, LINE 4B SPECIFIC ASSISTANCE TO INDIVIDUALS-REVENUE 6,158,995 EXPENSE AMOUNTS INCLUDED ON RETURN - OTHER SCHEDULE D, PAGE 4, PART XIII, LINE 4B SPECIFIC ASSISTANCE TO INDIVIDUALS-EXPENSES 6,158,995 true true true true true true true false false false false false false false false false false true false DISCOUNT FAMILY 3237107 BOOK FINANCIAL AID 2921888 BOOK JAIME PROSPER SR. MANAGEMENT CONSTRUCTION false ORGANIZATION'S MISSION FORM 990 - ORGANIZATION'S MISSION TO PROVIDE A SUPERIOR, PERSONALIZED COLLEGE PREPARATORY EDUCATION FOSTERING WELL-ROUNDED, SUCCESSFUL, LIFELONG LEARNERS AND DEVELOP THE UNIQUE GIFTS AND TALENTS OF EACH STUDENT IN A NURTURING ENVIRONMENT THAT PROMOTES ACADEMIC EXCELLENCE, INNOVATION, GLOBAL UNDERSTANDING AND CHARACTER. MANAGEMENT DELEGATED FORM 990, PAGE 6, PART VI, LINE 3 GULLIVER SCHOOLS, INC. HAS AN AGREEMENT WITH SCHOOLS MANAGEMENT SYSTEMS, INC.("SMSI") TO PROVIDE, ACCOUNTING, LEGAL, HUMAN RESOURCE AND OTHER MANAGEMENT SERVICES. SMSI HAS UNDER ITS EMPLOYMENT THE KEY MANAGEMENT PERSONNEL OF THE SCHOOL. THE SCHOOLS RENEWS THE MANAGEMENT CONTRACT WITH SMSI ON A BIANNUAL BASIS. ORGANIZATION'S PROCESS USED TO REVIEW FORM 990 FORM 990, PAGE 6, PART VI, LINE 11B THE CFO AND EXECUTIVE DIRECTOR WILL EXAMINE THIS RETURN, INCLUDING ACCOMPANYING SCHEDULES AND STATEMENTS PRIOR TO FILING THE RETURN. ENFORCEMENT OF CONFLICTS POLICY FORM 990, PAGE 6, PART VI, LINE 12C THE TRUSTEES ARE REQUIRED TO DISCLOSE ANY CONFLICTS OF INTEREST AND ARE REQUIRED TO SIGN A STATEMENT TO THAT AFFECT EACH YEAR. COMPENSATION PROCESS FOR TOP OFFICIAL FORM 990, PAGE 6, PART VI, LINE 15A OFFICERS AND TOP OFFICIALS ARE NOT COMPENSATED; HOWEVER, THE BOARD OF DIRECTORS REGULARLY REVIEWS THE COMPENSATION & PERFORMANCE OF THE MANAGEMENT COMPANY. COMPENSATION PROCESS FOR OFFICERS FORM 990, PAGE 6, PART VI, LINE 15B OFFICERS AND TOP OFFICIALS ARE NOT COMPENSATED; HOWEVER, THE BOARD OF DIRECTORS REGULARLY REVIEWS THE COMPENSATION & PERFORMANCE OF THE MANAGEMENT COMPANY. GOVERNING DOCUMENTS DISCLOSURE EXPLANATION FORM 990, PAGE 6, PART VI, LINE 19 IT IS AVAILABLE UPON REQUEST. PINECREST PROPERTY MANAGEMENT HOLD 1111 BRICKELL AVE STE 2500 MIAMI FL 33131 650900712 MANAGEMENT FL 925000 N/A