Gulf Coast Elementary School INC

Tax-deductible

Spring Hill, FL501(c)(3)EIN 84-3965406Revenue $1.3M in FY2025

On file with the IRS10444 Tillery Rd, 34608-3706 · Spring Hill, FLTax-exempt since Jun 2020School — 170(b)(1)(A)(ii)

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To operate a charter School in hernando county.

501(c)(3) charity; gifts are tax-deductible.
95¢ of each $1 spent went to programs.
Run by 125 volunteers and 17 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $101K a year · 8% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Looks good: 3.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $27K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$777K
58% of total assets
Fine: liabilities are 58% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.3M
+2% vs prior year
Spent
$1.4M
To programs
95%
Net assets
$567K
By yearFY2021–FY2025
Revenue
$1.3M
FY2025▲ +2%
Tap a bar for its year
Revenue by fiscal year
FY2021$1.0M
FY2022$1.1M
FY2023$1.4M
FY2024$1.3M
FY2025$1.3M
Expenses
$1.4M
FY2025▲ +6%
Tap a bar for its year
Expenses by fiscal year
FY2021$873K
FY2022$949K
FY2023$1.2M
FY2024$1.3M
FY2025$1.4M
Net assets
$567K
FY2025▲ +15%
Tap a bar for its year
Net assets by fiscal year
FY2021$174K
FY2022$344K
FY2023$527K
FY2024$494K
FY2025$567K

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 2020.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $1.3M Management & general 5% · $64K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Admin Director
$0Pt VII · Sec A
Curriculum Director
$0Pt VII · Sec A
Chairperson
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Gulf Coast Elementary School INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Operates a charter school in Hernando County.

Questions for Gulf Coast Elementary School INC

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Provided by the organization

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1 program · $1.3M · in their own filed words · FY2024
01

The school is committed to providing a unique education through weekly field experiences integrated with a hands-on advanced middle school curriculum.

$1.3Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$27K

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$1.3M
Ln 12
Fees for servicesLn 2g$951K
Other incomeLn 4–11$321K
Gifts and grantsLn 1h$55K
Money outPt IX
$1.4M
Ln 25
Programscol B$1.3M
Managementcol C$64K
Owns and owesPt X
$567K
net assets · Ln 32
Cash and savingsLn 1–2$356K
Total assetsLn 16$1.3M
LiabilitiesLn 26$777K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$55K
Fees for servicesLn 2g$951K
Other incomeLn 4–11$321K
Total revenueLn 12$1.3M
Assets in detailPt X, end of year
CashLn 1$356K
Cash and savings togetherLn 1–2$356K
Land, buildings, equipmentLn 10c$896K
Total assetsLn 16$1.3M
LiabilitiesLn 26$777K
Net assetsLn 32$567K
OperationsPt I, VI
EmployeesI 517
VolunteersI 6125
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$405K$356K
Land, buildings, equipmentLn 10c$985K$896K
Total assetsLn 16$1.4M$1.3M
LiabilitiesLn 26$896K$777K
Net assetsLn 32$494K$567K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
InterestLn 20$47K$47K$0$0
Depreciation, depletion and amortizationLn 22$89K$89K$0$0
Other expenses (24a–d)Ln 24$1.2M$1.1M$64K$0
All other expensesLn 24e$59K$59K$0$0
Total functional expensesLn 25$1.4M$1.3M$64K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $1.3M$1.4M−$41K$567K 990 PDF
FY2024 $1.3M$1.3M$18K$494K 990 PDF
FY2023 $1.4M$1.2M$184K$527K 990 PDF
FY2022 $1.1M$949K$170K$344K 990 PDF
FY2021 $1.0M$873K$174K$174K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $1,326,880 revenue, 12 lines filed
I-8 Contributions and grants$55,000
I-9 Program service revenuePrior year $1,138,019$950,789
I-10 Investment income$0
I-11 Other revenuePrior year $169,172$321,091
I-12 Total revenuePrior year $1,307,191$1,326,880
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,289,102$1,367,978
I-18 Total expensesPrior year $1,289,102$1,367,978
I-19 Revenue less expensesPrior year $18,089−$41,098
Part VI · Governance 5 of 5 board members independent, 2 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $1,326,880 across 5 lines filed
VIII-1f All other contributions, gifts and grants$55,000
VIII-1h Total contributions, gifts and grants$55,000
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$950,789
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $321,091 · Unrelated business $0 · Excluded from tax $0$321,091
VIII-12 Total revenueRelated to mission $1,271,880 · Unrelated business $0 · Excluded from tax $0$1,326,880
Part IX · Statement of functional expenses $1,367,978 across 4 lines filed
IX-20 InterestPrograms $46,556 · Management $0 · Fundraising $0$46,556
IX-22 Depreciation, depletion and amortizationPrograms $88,883 · Management $0 · Fundraising $0$88,883
IX-24 Other expenses (24a–d)Programs $1,109,354 · Management $64,406 · Fundraising $0$1,173,760
IX-24e All other expensesPrograms $58,779 · Management $0 · Fundraising $0$58,779
IX-25 Total functional expensesPrograms $1,303,572 · Management $64,406 · Fundraising $0$1,367,978
Part X · Balance sheet $1,343,480 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $404,816$355,916
X-3 Pledges and grants receivable$74,952
X-9 Prepaid expenses and deferred charges$16,800
X-10c Land, buildings and equipment, netStart of year $984,695$895,812
X-16 Total assetsStart of year $1,389,511$1,343,480
X-17 Accounts payable and accrued expensesStart of year $98,898$26,088
X-25 Other liabilitiesStart of year $796,702$750,858
X-26 Total liabilitiesStart of year $895,600$776,946
X-32 Total net assets or fund balancesStart of year $493,911$566,534
X-33 Total liabilities and net assetsStart of year $1,389,511$1,343,480
Part XI · Reconciliation of net assets $566,534 net assets at year end
XI-1 Total revenue$1,326,880
XI-2 Total expenses$1,367,978
XI-3 Revenue less expenses−$41,098
XI-4 Net assets at start of year$493,911
XI-8 Prior period adjustments$113,721
XI-10 Net assets at end of year$566,534

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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