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ADVANTAGE ACADEMY OF HILLSBOROUGH INC: Form 990, tax year 2012

View the entire original 990 at ProPublica ↗

Organization
ADVANTAGE ACADEMY OF HILLSBOROUGH INC (EIN 26-2955088)
Tax period
2012-07-01 to 2013-06-30
Filed
2013-11-06
IRS object ID
201343109349300514
Schema version
2012v2.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Timestamp2013-11-06T08:51:02-08:00Timestamp
Tax Period End Date2013-06-30TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1ROBERT WALKER CPA PABusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line1709 W AZEELE STAddressLine1
CityTAMPACity
StateFLState
ZIP Code33606ZIPCode
FieldValueIRS element (for citing)
Return Type990ReturnType
Tax Period Begin Date2012-07-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN262955088EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1ADVANTAGE ACADEMY OF HILLSBOROUGH INCBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlADVANameControl
Phone8135670801Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line1304 W PROSSER DRAddressLine1
CityPLANT CITYCity
StateFLState
ZIP Code33563ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameNATHANIEL GRASCHName
TitleCHAIRMANTitle
Phone8135670801Phone
Date Signed2013-10-17DateSigned
Authorize Third PartytrueAuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
NameROBERT WALKER CPAName
Phone8136248643Phone
Self EmployedXSelfEmployed
FieldValueIRS element (for citing)
Tax Year2012TaxYear
Build TS2016-02-24 21:20:13ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Name Of Principal Officer PersonNATHANIEL GRASCHNameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

FieldValueIRS element (for citing)
Address Line1304 W PROSSER DRAddressLine1
CityPLANT CITYCity
StateFLState
ZIP Code33563ZIPCode
FieldValueIRS element (for citing)
Gross Receipts10671595GrossReceipts
Group Return For AffiliatesfalseGroupReturnForAffiliates
Organization501c3XOrganization501c3
Web SiteN/AWebSite
Type Of Organization CorporationXTypeOfOrganizationCorporation
Year Formation2008YearFormation
State Legal DomicileFLStateLegalDomicile
Activity Or Mission DescriptionTO OPERATE FOUR CHARTER SCHOOLS IN HILLSBOROUGH COUNTY, FLORIDA.ActivityOrMissionDescription
Nbr Voting Members Governing Body3NbrVotingMembersGoverningBody
Nbr Independent Voting Members3NbrIndependentVotingMembers
Total Nbr Employees161TotalNbrEmployees
Total Nbr Volunteers25TotalNbrVolunteers
Total Gross UBI0TotalGrossUBI
Contributions Grants Prior Year324778ContributionsGrantsPriorYear
Contributions Grants Current Year442025ContributionsGrantsCurrentYear
Program Service Revenue Prior Year7079543ProgramServiceRevenuePriorYear
Program Service Revenue CY9874532ProgramServiceRevenueCY
Investment Income Current Year0InvestmentIncomeCurrentYear
Other Revenue Prior Year389556OtherRevenuePriorYear
Other Revenue Current Year355038OtherRevenueCurrentYear
Total Revenue Prior Year7793877TotalRevenuePriorYear
Total Revenue Current Year10671595TotalRevenueCurrentYear
Grants And Similar Amnts CY0GrantsAndSimilarAmntsCY
Benefits Paid To Members CY0BenefitsPaidToMembersCY
Salaries Etc Current Year0SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY0TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year0TotalFundrsngExpCurrentYear
Other Expense Prior Year7967611OtherExpensePriorYear
Other Expenses Current Year10325872OtherExpensesCurrentYear
Total Expenses Prior Year7967611TotalExpensesPriorYear
Total Expenses Current Year10325872TotalExpensesCurrentYear
Revenues Less Expenses Prior Year-173734RevenuesLessExpensesPriorYear
Revenues Less Expenses CY345723RevenuesLessExpensesCY
Total Assets BOY1401329TotalAssetsBOY
Total Assets EOY1794249TotalAssetsEOY
Total Liabilities BOY934583TotalLiabilitiesBOY
Total Liabilities EOY981780TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY466746NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY812469NetAssetsOrFundBalancesEOY
Mission DescriptionTO OPERATE FOUR CHARTER SCHOOLS INMissionDescription
Significant New Program ServicesfalseSignificantNewProgramServices
Significant ChangefalseSignificantChange
Expense8767253Expense
Revenue10671595Revenue
DescriptionTHE CHARTER SCHOOLS PROVIDE EDUCATIONAL SERVICES TO STUDENTS IN GRADES K-8.Description
Total Program Service Expense8767253TotalProgramServiceExpense
Described In501 C3trueDescribedIn501C3
Schedule B RequiredfalseScheduleBRequired
Political ActivitiesfalsePoliticalActivities
Lobbying ActivitiesfalseLobbyingActivities
Subject To Proxy TaxfalseSubjectToProxyTax
Donor Advised FundsfalseDonorAdvisedFunds
Conservation EasementsfalseConservationEasements
Collections Of ArtfalseCollectionsOfArt
Credit CounselingfalseCreditCounseling
Term Or Permanent EndowmentsfalseTermOrPermanentEndowments
Report Land Bldg EquiptrueReportLandBldgEquip
Report Invest Oth SecuritiesfalseReportInvestOthSecurities
Report Prog Rel InvestfalseReportProgRelInvest
Report Other AssetsfalseReportOtherAssets
Report Other LiabilitiesfalseReportOtherLiabilities
Report Fin48 FootnotefalseReportFin48Footnote
Independent Audit Financial StmttrueIndependentAuditFinancialStmt
Consolidated Audit Financial StmtfalseConsolidatedAuditFinancialStmt
SchooltrueSchool
Foreign OfficefalseForeignOffice
Foreign ActivitiesfalseForeignActivities
More Than5000 K To OrganizationsfalseMoreThan5000KToOrganizations
More Than5000 K To IndividualsfalseMoreThan5000KToIndividuals
Professional FundraisingfalseProfessionalFundraising
Fundraising ActivitiesfalseFundraisingActivities
GamingfalseGaming
HospitalfalseHospital
Grants To OrganizationsfalseGrantsToOrganizations
Grants To IndividualsfalseGrantsToIndividuals
Schedule J RequiredfalseScheduleJRequired
Tax Exempt BondsfalseTaxExemptBonds
Excess Benefit TransactionfalseExcessBenefitTransaction
Prior Excess Benefit TransactionfalsePriorExcessBenefitTransaction
Loan To Officer Or DQPfalseLoanToOfficerOrDQP
Grant To Related PersonfalseGrantToRelatedPerson
Bsnss Rltnshp With OrganizationfalseBsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family MemberfalseBsnssRltnshpThruFamilyMember
Officer Entity With Bsnss RltnshpfalseOfficerEntityWithBsnssRltnshp
Deductible Non Cash ContributionsfalseDeductibleNonCashContributions
Deductible Contributions Of ArtfalseDeductibleContributionsOfArt
TerminatedfalseTerminated
Partial LiquidationfalsePartialLiquidation
Disregarded EntityfalseDisregardedEntity
Related EntityfalseRelatedEntity
Related Org Controlled EntityfalseRelatedOrgControlledEntity
Transaction Related EntityfalseTransactionRelatedEntity
Activities Conducted PartnershipfalseActivitiesConductedPartnership
Schedule O RequiredtrueScheduleORequired
Number Forms Transmitted With10960NumberFormsTransmittedWith1096
Number W2 G Included0NumberW2GIncluded
Compliance With Backup WitholdingtrueComplianceWithBackupWitholding
Number Of Employees161NumberOfEmployees
Employment Tax Returns FiledtrueEmploymentTaxReturnsFiled
Unrelated Business IncomefalseUnrelatedBusinessIncome
Foreign Financial AccountfalseForeignFinancialAccount
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTrans
Taxable Party NotificationfalseTaxablePartyNotification
Non Deductible ContributionsfalseNonDeductibleContributions
Quid Pro Quo ContributionsfalseQuidProQuoContributions
Form8282 Property Disposed OffalseForm8282PropertyDisposedOf
Funds To Pay PremiumsfalseFundsToPayPremiums
Premiums PaidfalsePremiumsPaid
Excess Business HoldingsfalseExcessBusinessHoldings
Taxable DistributionsfalseTaxableDistributions
Distribution To DonorfalseDistributionToDonor
Indoor Tanning ServicesfalseIndoorTanningServices
Info In Schedule O Part VIXInfoInScheduleOPartVI
Nbr Voting Governing Body Members3NbrVotingGoverningBodyMembers
Number Independent Voting Members3NumberIndependentVotingMembers
Family Or Business RelationshipfalseFamilyOrBusinessRelationship
Delegation Of Management DutiesfalseDelegationOfManagementDuties
Changes To Organizing DocsfalseChangesToOrganizingDocs
Material Diversion Or MisusefalseMaterialDiversionOrMisuse
Members Or StockholdersfalseMembersOrStockholders
Election Of Board MembersfalseElectionOfBoardMembers
Decisions Subject To ApprovalfalseDecisionsSubjectToApproval
Minutes Of Governing BodytrueMinutesOfGoverningBody
Minutes Of CommitteestrueMinutesOfCommittees
Officer Mailing AddressfalseOfficerMailingAddress
Local ChaptersfalseLocalChapters
Form990 Provided To Governing BodytrueForm990ProvidedToGoverningBody
Conflict Of Interest PolicytrueConflictOfInterestPolicy
Annual Disclosure Covered PersonstrueAnnualDisclosureCoveredPersons
Regular Monitoring EnforcementtrueRegularMonitoringEnforcement
Whistleblower PolicyfalseWhistleblowerPolicy
Document Retention PolicytrueDocumentRetentionPolicy
Compensation Process CEOfalseCompensationProcessCEO
Compensation Process OthertrueCompensationProcessOther
Investment In Joint VenturefalseInvestmentInJointVenture
Own WebsiteXOwnWebsite
Upon RequestXUponRequest

The Books Are In Care Of TheBooksAreInCareOf

FieldValueIRS element (for citing)
Name PersonSCHOOL FINANCIAL SERVICES INCNamePerson
Telephone Number8505474566TelephoneNumber

Address US AddressUS

FieldValueIRS element (for citing)
Address Line1116 PENNSYLVANIA AVEAddressLine1
CityBONIFAYCity
StateFLState
ZIP Code32425ZIPCode
FieldValueIRS element (for citing)
No Listed Persons CompensatedXNoListedPersonsCompensated

Form990 Part VII Section A Form990PartVIISectionA (6 entries)

TitleTitleAverage Hours Per WeekAverageHoursPerWeekIndividual Trustee Or DirectorIndividualTrusteeOrDirectorKey EmployeeKeyEmployee
NATHANIEL GRASCH
CHAIRMAN0.50X
PATRICIA ROGERS
MEMBER0.50X
CHARLES A HARRIS III
MEMBER0.50X
KATHLEEN ORTIZ
PRINCIPAL40.00X
TIFFANI RICHMOND
PRINCIPAL40.00X
BONNIE GUERTON
PRINCIPAL40.00X
FieldValueIRS element (for citing)
Formers ListedfalseFormersListed
Total Comp GT150 KfalseTotalCompGT150K
Compensation From Other SourcesfalseCompensationFromOtherSources

Contractor Compensation ContractorCompensation

Name Of Contractor NameOfContractor

Name Business NameBusiness

FieldValueIRS element (for citing)
Business Name Line1CHARTER SCHOOL ASSOCIATES INCBusinessNameLine1

Address Of Contractor AddressOfContractor

Address US AddressUS

FieldValueIRS element (for citing)
Address Line14300 N UNIVERSITY DRAddressLine1
CitySUNRISECity
StateFLState
ZIP Code33351ZIPCode
FieldValueIRS element (for citing)
Description Of ServicesMANAGEMENT SERVICESDescriptionOfServices
Compensation838892Compensation
FieldValueIRS element (for citing)
Number Of Contractors GT100 K1NumberOfContractorsGT100K
All Other Contributions442025AllOtherContributions
Total Contributions442025TotalContributions

Program Service Revenue ProgramServiceRevenue (2 entries)

DescriptionDescriptionBusiness CodeBusinessCodeTotal Revenue ColumnTotalRevenueColumn
FTE-PER STUDENT FUNDING9000999759870
STUDENT LUNCHES900099114662
FieldValueIRS element (for citing)
Total Program Service Revenue9874532TotalProgramServiceRevenue

Other Revenue Misc OtherRevenueMisc

FieldValueIRS element (for citing)
DescriptionOTHER MISC. REVENUEDescription
Business Code900099BusinessCode
Total Revenue Column355038TotalRevenueColumn
Related Or Exempt Function Income355038RelatedOrExemptFunctionIncome
FieldValueIRS element (for citing)
Total Other Revenue355038TotalOtherRevenue

Total Revenue TotalRevenue

FieldValueIRS element (for citing)
Total Revenue Column10671595TotalRevenueColumn
Related Or Exempt Function Income10229570RelatedOrExemptFunctionIncome

Interest Interest

FieldValueIRS element (for citing)
Total19332Total
Program Services19332ProgramServices
Management And General0ManagementAndGeneral
Fundraising0Fundraising

Depreciation Depletion DepreciationDepletion

FieldValueIRS element (for citing)
Total72261Total
Program Services72261ProgramServices
Management And General0ManagementAndGeneral
Fundraising0Fundraising

Other Expenses OtherExpenses (4 entries)

DescriptionDescriptionTotalTotalProgram ServicesProgramServicesManagement And GeneralManagementAndGeneralFundraisingFundraising
INSTRUCTION5225729522572900
PUPIL PERSONNEL SERVICES13866013866000
INSTRUCTIONAL MEDIA5508550800
INSTRUCTION & CURRICULUM DEVELOPMENT919100

All Other Expenses AllOtherExpenses

FieldValueIRS element (for citing)
Total4864291Total
Program Services3305672ProgramServices
Management And General1558619ManagementAndGeneral
Fundraising0Fundraising

Total Functional Expenses TotalFunctionalExpenses

FieldValueIRS element (for citing)
Total10325872Total
Program Services8767253ProgramServices
Management And General1558619ManagementAndGeneral
Fundraising0Fundraising

Cash Non Interest Bearing CashNonInterestBearing

FieldValueIRS element (for citing)
BOY1048990BOY
EOY1242310EOY

Accounts Receivable AccountsReceivable

FieldValueIRS element (for citing)
BOY46712BOY
EOY152019EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

FieldValueIRS element (for citing)
BOY41236BOY
EOY146805EOY
FieldValueIRS element (for citing)
Land Buildings Equipment Basis413163LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec160048LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

FieldValueIRS element (for citing)
BOY264391BOY
EOY253115EOY

Total Assets TotalAssets

FieldValueIRS element (for citing)
BOY1401329BOY
EOY1794249EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

FieldValueIRS element (for citing)
BOY552047BOY
EOY696219EOY

Deferred Revenue DeferredRevenue

FieldValueIRS element (for citing)
BOY22368BOY

Unsecured Notes Loans Payable UnsecuredNotesLoansPayable

FieldValueIRS element (for citing)
BOY360168BOY
EOY285561EOY

Total Liabilities TotalLiabilities

FieldValueIRS element (for citing)
BOY934583BOY
EOY981780EOY
FieldValueIRS element (for citing)
Do Not Follow SFAS117XDoNotFollowSFAS117

Paid In Cap Srpls Land Bldg Eqp Fund PaidInCapSrplsLandBldgEqpFund

FieldValueIRS element (for citing)
BOY-95777BOY
EOY-32446EOY

Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc

FieldValueIRS element (for citing)
BOY562523BOY
EOY844915EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY466746BOY
EOY812469EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY1401329BOY
EOY1794249EOY
FieldValueIRS element (for citing)
Reconcilation Revenue Expenses345723ReconcilationRevenueExpenses
Method Of Accounting AccrualXMethodOfAccountingAccrual
Accountant Compile Or ReviewfalseAccountantCompileOrReview
FS AuditedtrueFSAudited

FS Audited Basis FSAuditedBasis

FieldValueIRS element (for citing)
Financial Statement SeparateXFinancialStatementSeparate
FieldValueIRS element (for citing)
Audit CommitteetrueAuditCommittee
Federal Grant Audit RequiredfalseFederalGrantAuditRequired

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
School170b1 AiiXSchool170b1Aii
Public Support Total1700PublicSupportTotal170

Gross Investment Income170 GrossInvestmentIncome170

FieldValueIRS element (for citing)
Total0Total
FieldValueIRS element (for citing)
Public Support Pertcentage1700PublicSupportPertcentage170
Public Support Total5090PublicSupportTotal509
Public Support Percentage5090PublicSupportPercentage509
Investment Income Percentage0InvestmentIncomePercentage

Schedule D IRS990ScheduleD

Leasehold Improvements LeaseholdImprovements

FieldValueIRS element (for citing)
Investment Cost Or Other Basis198646InvestmentCostOrOtherBasis
Depreciation63925Depreciation
Book Value134721BookValue

Equipment Equipment

FieldValueIRS element (for citing)
Investment Cost Or Other Basis214517InvestmentCostOrOtherBasis
Depreciation96123Depreciation
Book Value118394BookValue
FieldValueIRS element (for citing)
Total Of Book Value Land Buildings253115TotalOfBookValueLandBuildings

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmttrueNondiscriminatoryPolicyStmt
Policy Statement In Brochures EtctruePolicyStatementInBrochuresEtc
Policy Publ Via Broadcast MediatruePolicyPublViaBroadcastMedia
Maint Racial Composition RecordstrueMaintRacialCompositionRecords
Maint Scholarships RecordstrueMaintScholarshipsRecords
Maint Copies Of Brochures EtctrueMaintCopiesOfBrochuresEtc
Maint Copies Of All SolicitationstrueMaintCopiesOfAllSolicitations
Discriminate Race Students RightsfalseDiscriminateRaceStudentsRights
Discriminate Race Admiss PoliciesfalseDiscriminateRaceAdmissPolicies
Discriminate Race Emplmn FacultyfalseDiscriminateRaceEmplmnFaculty
Discriminate Race ScholarshipsfalseDiscriminateRaceScholarships
Discriminate Race Educ PoliciesfalseDiscriminateRaceEducPolicies
Discriminate Race Use Of FcltsfalseDiscriminateRaceUseOfFclts
Discriminate Race Athletic ProgfalseDiscriminateRaceAthleticProg
Discriminate Race Other ActyfalseDiscriminateRaceOtherActy
Government Financial Aid ReceivedtrueGovernmentFinancialAidReceived
Government Financial Aid RevokedfalseGovernmentFinancialAidRevoked
Compliance With Rev Proc7550trueComplianceWithRevProc7550

Form990 Schedule E Part II Form990ScheduleEPartII (2 entries)

IdentifierIdentifierExplanationExplanation
Line 3THE ORGANIZATION PUBLICIZES ITS RACIALLY NONDISCRIMINATORY POLICY THROUGH BROCHURES, NEWSLETERS, LOCAL NEIBORHOOD EVENTS, NEWSPAPERS, OPEN HOUSES AND VIDEOS.
Line 6bRECEIVES GRANTS THROUGH THE FLORIDA DEPT OF EDUCATION

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (9 entries)

IdentifierIdentifierExplanationExplanation
Pt VI, Line 11bTHE 990 IS PREPARED BY AN INDEPENDENT CPA FIRM AND A
DRAFT IS PROVIDED TO THE FINANCE COMMITTEE FOR REVIEW.
THE FINAL 990 IS PROVIDED TO THE BOARD FOR APPROVAL.
Pt VI, Line 12cAT EACH BOARD MEETING, THE AGENDA IS NOTATED TO REMIND
BOARD MEMBERS TO RECUSE FROM VOTING ON ANY ITEM THAT
MAY BE A CONFLICT OF INTEREST.
Pt VI, Line 15bTHE PRINCIPAL IS PAID IN ACCORDANCE WITH THE SCHOOL
DISTRICT'S PAY SCALE.
Form 990, Part IX, Line 24fINSTRUCTIONAL STAFF TRAINING 1761. 1761. 0. 0. INSTRUCTION RELATED TECHNOLOGY 56980. 56980. 0. 0. BOARD OF EDUCATION 92839. 0. 92839. 0. MANAGEMENT & DISTRICT ADMIN FEES 1134419. 0. 1134419. 0. SCHOOL ADMINISTRATION 649161. 324581. 324580. 0. FACILITIES ACQ. & CONSTRUCTION 1516775. 1516775. 0. 0. FISCAL SERVICES 13563. 6782. 6781. 0. FOOD SERVICES 461425. 461425. 0. 0. PUPIL TRANSPORTATION 96606. 96606. 0. 0. OPERATION OF PLANT 615693. 615693. 0. 0. MAINTENANCE OF PLANT 40377. 40377. 0. 0. COMMU