2024-05-13T14:11:14-05:00 2023-06-30 946214841 ARMANINO LLP 2700 CAMINO RAMON STE 350 SAN RAMON CA 945835004 990 2022-07-01 943435402 OXBRIDGE ACADEMY FOUNDATION INC OXBR 5619729600 3151 NORTH MILITARY TRAIL WEST PALM BEACH FL 33409 REBECCA DE JESUS CHIEF BUSINESS OFFICER/TREASURER 5619729600 2024-05-11 1 REBECCA DE JESUS 999009999 1 MATTHEW PETROSKI P00853132 9257902600 2024-05-11 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z OXBRIDGE ACADEMY REBECCA DE JESUS 3151 NORTH MILITARY TRAIL WEST PALM BEACH FL 33409 29974566 0 X WWW.OAPB.ORG X 2008 FL TO OWN AND OPERATE A NONPROFIT, INDEPENDENT MIDDLE AND HIGH SCHOOL. 9 9 212 125 0 0 6307133 4876454 13718232 21014822 33089 51338 409103 248767 20467557 26191381 0 5182800 0 0 11276217 13179473 0 0 988042 8059091 8852096 19335308 27214369 1132249 -1022988 56839891 68614668 26935266 39149924 29904625 29464744 TO EMPOWER STUDENTS THROUGH A DISTINCTIVE CURRICULUM, AN ENRICHING ENVIRONMENT, AND AN EXPERT FACULTY TO NAVIGATE THEIR EDUCATIONAL JOURNEY WITH AGILITY, CONFIDENCE, AND PURPOSE. 0 0 23547305 5182800 21031244 A NONPROFIT, PRIVATE, COEDUCATIONAL, INDEPENDENT MIDDLE AND HIGH SCHOOL. THE SCHOOL IS LOCATED IN WEST PALM BEACH, FLORIDA AND SERVED APPROXIMATELY 560 STUDENTS FOR THE YEAR ENDED JUNE 30,2023. 23547305 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 44 0 1 212 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 9 9 1 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 1 1 0 FL X REBECCA DE JESUS 5619729600 3151 NORTH MILITARY TRAIL WEST PALM BEACH FL 33409 RALPH MAURER HEAD OF SCHOOL 50.00 X 429775 0 33582 COURTNEY PORTLOCK ASSISTANT HEAD OF SCHOOL 50.00 X 213036 0 31040 SCOTT SIEGFRIED DIRECTOR OF ADVANCEMENT 50.00 X 211541 0 30410 REBECCA DE JESUS CHIEF BUSINESS OFFICER/TREASURER 50.00 X 217298 0 21313 STANLEY ROSS DIRECTOR OF ATHLETICS 50.00 X 172662 0 99549 KELLY PRISCO DIRECTOR OF HEALTH AND WELLNESS 50.00 X 142771 0 22631 ZOE LOSADA DIRECTOR OF COLLEGE COUNSELING 50.00 X 110222 0 18846 JANET OUTLAW DEPARTMENT CHAIR, LEARNING SUPPORT 50.00 X 107481 0 21536 JOHN KLEMME DEPARTMENT CHAIR, ENGLISH 50.00 X 110898 0 12194 ANNE REILLY DEPARTMENT CHAIR, SCIENCE 50.00 X 107488 0 6397 DAVID ROSOW PRESIDENT/CEO 5.00 X X 0 0 0 WILLIAM I KOCH CHAIRMAN 3.00 X X 0 0 0 SCOTT HUMPHREY SECRETARY 1.00 X 0 0 0 JAY BOODESHWAR DIRECTOR 1.00 X 0 0 0 DARLENE JORDAN DIRECTOR 1.00 X 0 0 0 ROBERT KAUFMANN DIRECTOR 3.00 X 0 0 0 SEAN MCGOULD DIRECTOR 1.00 X 0 0 0 AMANDA SCHUMACHER DIRECTOR 1.00 X 0 0 0 ROBERT SIMSES DIRECTOR 1.00 X 0 0 0 MATT SMITH DIRECTOR 1.00 X 0 0 0 1823172 0 297498 20 0 1 0 TACTICAL SECURITY CONSULTANTS INC 1402 CLYDESDALE DRIVE LOXAHATCHEE FL 33470 SECURITY SERVICES 284505 COVERALL NORTH AMERICA 2541 METROCENTRE BLVD STE 1 WEST PALM BEACH FL 33407 CLEANING & JANITORIAL SERVICES 272771 JUPITER SCHOOL BUS SERVICE INC PO BOX 7975 JUPITER FL 334687975 SCHOOL BUS SERVICES 268455 SOUTHERN EXPOSURE LANDSCAPE OF SFLINC 9025 159TH CT N JUPITER FL 33478 LANDSCAPING SERVICES 153662 AWG DEWAR INC 4 BATTERYMARCH PARK QUINCY MA 021697468 TUITION INSURANCE SERVICES 138473 5 1148375 3728079 34808 4876454 SCHOOL TUITION 611110 20413285 20413285 AUXILIARY SERVICES 611110 601537 601537 21014822 70050 70050 476556 4355 472201 472201 472201 3400404 767 3419883 0 -19479 767 -18712 -18712 70601 1148375 310457 -239856 -239856 64912 48490 16422 16422 26191381 21031244 0 283683 5182800 5182800 1420167 250152 843370 326645 9182803 8320956 600854 260993 310803 277900 18761 14142 1515845 1309174 121670 85001 749855 612208 97453 40194 56219 56219 70705 70705 377970 125214 183998 68758 112625 56313 56312 591259 537222 45444 8593 159399 106657 26105 26637 1800108 1697379 102334 395 84280 38185 32871 13224 634408 633863 148 397 1788256 1522502 250390 15364 827514 826803 193 518 FOOD AND SUPPLIES 825399 760702 52087 12610 FIELD TRIPS 491225 491225 SCHOOL BUS TRANSPORTATI 378982 378982 SPORTS EQUIPMENT/UNIFOR 226571 226571 427176 248810 120107 58259 27214369 23547305 2679022 988042 7822296 7742473 668279 677619 216100 575132 428309 11932919 98958 131269 787293 1088285 60962506 15858770 46282259 45103736 518749 1258486 17648 104749 56839891 68614668 1096350 2099135 5132894 16667825 20706022 20293486 0 89478 26935266 39149924 X 28013113 26972673 1891512 2492071 29904625 29464744 56839891 68614668 X -1022988 88304 521839 -27036 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1168425 90061 1258486 1271602 -103177 1168425 1121140 150462 1271602 1091871 29269 1121140 1046475 45396 1091871 0.00000 1.00000 0.00000 0 0 13409345 13409345 38922948 8750706 30172242 8182006 6999670 1182336 448207 108394 339813 45103736 LEASE LIABILITIES ON FINANCING LEASES 89478 89478 X 21433151 88304 -5209836 -5121532 26554683 -363302 -363302 26191381 22394871 363302 363302 22031569 5182800 5182800 27214369 PART V, LINE 4: OXBRIDGE ACADEMY FOUNDATION, INC. INTENDS TO USE THE ENDOWMENT FUNDS TO SERVE THE PURPOSE OF CONTRIBUTING TO THE FUTURE FINANCIAL NEEDS OF THE INSTITUTION. PART X, LINE 2: THE SCHOOL IS A QUALIFIED ORGANIZATION EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE SCHOOL HAS EVALUATED ITS CURRENT TAX POSITIONS AND HAS CONCLUDED THAT AS OF JUNE 30, 2023, THE SCHOOL DOES NOT HAVE ANY SIGNIFICANT UNCERTAIN TAX POSITIONS FOR WHICH A RESERVE WOULD BE CONSIDERED NECESSARY. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIPS AND FINANCIAL AID -5,182,800. LOSSES ON UNCOLLECTIBLE PLEDGES -27,036. PART XI, LINE 4B - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES -310,457. COST OF GOODS SOLD -48,490. RENTAL EXPENSES -4,355. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES 310,457. COST OF GOODS SOLD 48,490. RENTAL EXPENSES 4,355. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND FINANCIAL AID 5,182,800. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL PUBLISHES ITS RACIALLY NONDISCRIMINATORY POLICY ON THE SCHOOL'S WEBSITE HOMEPAGE IN ACCORDANCE WITH THE REQUIREMENTS INCLUDED IN THE REVENUE RULING 2019-22. EUROPE 0 0 PROGRAM SERVICES (FIELD TRIP) CAMBRIDGE, ENGLAND SCHOLARS PROGRAM & STUDY ABROAD PROGRAM IN CADIZ, SPAIN 158922 0 0 0 0 0 0 158922 0 158922 0 0 0 0 0 0 PART III ACCOUNTING METHOD: SPRING SOIREE GALA 851800 818039 33761 725 52000 3688 3981 17884 GOLF & TENNIS TOURNAMENT 367176 330336 36840 125915 33714 9827 62723 1218976 1148375 70601 725 177915 37402 13808 80607 310457 -239856 1 FINANCIAL AID 200 0 5072800 FMV DIRECT CREDIT TO STUDENT ACCOUNT MERIT SCHOLARSHIP 12 0 110000 FMV DIRECT CREDIT TO STUDENT ACCOUNT PART I, LINE 2: ALL FAMILIES ARE ELIGIBLE TO APPLY FOR FINANCIAL AID. THE SCHOOL USES A THIRD-PARTY TO COLLECT APPLICATIONS AND RELATED TAX DOCUMENTATION. EACH APPLICATION IS REVIEWED BY THE SCHOOL AND A CONSISTENT METHODOLOGY IS APPLIED TO DETERMINE EACH FAMILY'S LEVEL OF NEED. THE FINANCIAL AID COMMITTEE ALLOCATES THE FINANCIAL AID BASED ON THE DETERMINED NEED AND AVAILABILITY OF FUNDS. THE FINANCIAL AID AWARDED IS GIVEN TO STUDENTS AS A REDUCTION IN THEIR TUITION. X X X 0 0 0 0 0 0 0 1 0 RALPH MAURER HEAD OF SCHOOL 429775 0 0 0 0 0 10800 0 22782 0 463357 0 0 0 COURTNEY PORTLOCK ASSISTANT HEAD OF SCHOOL 213036 0 0 0 0 0 8258 0 22782 0 244076 0 0 0 SCOTT SIEGFRIED DIRECTOR OF ADVANCEMENT 211541 0 0 0 0 0 7639 0 22771 0 241951 0 0 0 REBECCA DE JESUS CHIEF BUSINESS OFFICER/TREASURER 187298 0 30000 0 0 0 6810 0 14503 0 238611 0 0 0 STANLEY ROSS DIRECTOR OF ATHLETICS 162662 0 10000 0 0 0 6824 0 92725 0 272211 0 0 0 KELLY PRISCO DIRECTOR OF HEALTH AND WELLNESS 142771 0 0 0 0 0 5651 0 16980 0 165402 0 0 0 PART I, LINE 7 THE CHIEF BUSINESS OFFICER RECEIVED A NON-FIXED DISCRETIONARY BONUS OF $30,000 AND THE DIRECTOR OF ATHLETICS RECEIVED A NON-FIXED DISCRETIONARY BONUS OF $10,000. THE BONUSES WERE APPROVED BY THE BOARD BASED ON PERFORMANCE AND GOALS SET BY THE ORGANIZATION. A PALM BEACH COUNTY FLORIDA 596000785 NONEAVAIL 2022-06-23 21000000 REFUNDING OF PRIOR BONDS 0 0 0 A 439355 21000000 341970 20658030 2022 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 1 0 0 0 0 0 0 0 A 0 X 3 34808 FMV 0 0 1 0 PART I, COLUMN (B): THIS NUMBER REPRESENTS THE NUMBER OF CONTRIBUTORS NOT THE NUMBER OF ITEMS CONTRIBUTED. FORM 990, PART VI, SECTION A, LINE 2 DAVID ROSOW MAINTAINS A BUSINESS RELATIONSHIP WITH WILLIAM I. KOCH. FORM 990, PART VI, SECTION A, LINE 6 EACH MEMBER IS ENTITLED TO ONE VOTE ON EACH MATTER SUBMITTED TO A VOTE AT A MEETING OF THE MEMBERS. NO MEMBER IS ENTITLED TO ANY DIVIDEND OR ANY PART OF THE INCOME OF THE CORPORATION, OR TO SHARE IN THE DISTRIBUTION OF THE CORPORATE ASSETS UPON DISSOLUTION. FORM 990, PART VI, SECTION A, LINE 7A DIRECTORS SHALL BE ELECTED BY THE MEMBERS AT THE BOARD MEETING OF THE MEMBERSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE TAX RETURN IS PREPARED BY A CERTIFIED PUBLIC ACCOUNTANT AND THEN REVIEWED WITH THE HEAD OF SCHOOL, PRESIDENT AND THE TREASURER OF THE FOUNDATION BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE FOUNDATION REQUIRES AN ANNUAL FORM TO BE COMPLETED BY EACH BOARD MEMBER, PRINCIPAL OFFICER, AND MEMBER OF A COMMITTEE WITH DELEGATED POWERS TO DECLARE ANY CONFLICTS. IF AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST COMES UP, THE CHAIRPERSON OF THE BOARD AND COMMITTEE SHALL APPOINT A DESIGNATED PERSON OR COMMITTEE TO INVESTIGATE THE TRANSACTION OR ARRANGEMENT. AFTER EXERCISING DUE DILIGENCE BY OBTAINING AND REVIEWING RELIABLE COMPARABILITY INFORMATION REGARDING THE TERMS OF THE TRANSACTION FROM APPROPRIATE INDEPENDENT SOURCES, THE BOARD OR COMMITTEE SHALL DETERMINE WHETHER THE TRANSACTION OR ARRANGEMENT WITH REASONABLE EFFORTS FROM A PERSON OR ENTITY WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF THE BOARD OR COMMITTEE HAS REASONABLE CAUSE TO BELIEVE THAT A MEMBER HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL INFORM THE MEMBER OF THE BASIS FOR SUCH A BELIEF AND AFFORD THE MEMBER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE AND TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. FORM 990, PART VI, SECTION B, LINE 15 THE HEAD OF SCHOOL'S COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORS. THE BOARD CONSULTS WITH INDEPENDENT SEARCH FIRMS TO SEARCH FOR INDIVIDUALS AND PROVIDE COMPARABILITY AND COMPENSATION DATA. THE OTHER OFFICER AND KEY EMPLOYEES' COMPENSATION ARE DETEMINED BY THE HEAD OF SCHOOL. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: LOSSES ON UNCOLLECTIBLE PLEDGES -27,036.