Educational Charter Foundation of Florida
Also known as Imagine Schools at South Lake
Educational Charter Foundation of Florida reported $12.8 million in revenue and $12.9 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $90.99 went to program services, $9.01 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 81.2% of the total. Revenue rose 43% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $13MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $13MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 91.0% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 9.0% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | Not reported | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 0.7% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 81.2% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | Not reported | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | Not reported | 1.28% |
| People paid over $100,000 Part VII, line 2 | Not reported | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 1.3 | 13.3 |
| Independent voting board members Part VI 1a–1b | 5 of 5 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expense6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b5 · 5 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5179
- Volunteers Part I, line 61,000
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| IMAGINE SCHOOLS INC Management | $1,044,000 |
Individuals listed as contractors are left out. 1 contractors were paid more than $100,000 in all.
Private foundation grants it received
1 private foundation reported grants to Educational Charter Foundation of Florida totaling $330 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Educational Charter Foundation of Florida's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Educational Charter Foundation of Florida, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Educational Charter Foundation of Florida spent in FY2025, $90.99 went to programs. The full breakdown, from its IRS Form 990:
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- Success SchoolSurprise, AZ · revenue $13M · programs 91.2% · FY2025
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- Riverbend Head Start DelegateAlton, IL · revenue $13M · programs 84.2% · 2024
- Penn Hills Charter School of EntrepreneurshipPittsburgh, PA · revenue $13M · programs 95.1% · FY2025
- World Compass AcademyCastle Rock, CO · revenue $13M · programs 93.5% · FY2025
Questions people ask
How much of Educational Charter Foundation of Florida's spending goes to programs?
In the fiscal year ending June 30, 2025, Educational Charter Foundation of Florida reported that 91.0% of its $12.9 million in expenses went to program services, 9.0% to management and general and 0.0% to fundraising (Form 990, Part IX).
Where does Educational Charter Foundation of Florida get its money?
Of $12.8 million in revenue in the fiscal year ending June 30, 2025, 0.7% came from contributions and grants and 81.2% from program service revenue (Form 990, Part VIII).
Is Educational Charter Foundation of Florida a registered charity?
The IRS lists EIN 16-1720173 as a 501(c)(3) organization (publicly supported organization (509(a)(2))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202640299349300119 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202433139349303008 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202343009349300049 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202233369349300513 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202200569349300905 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202033259349300603 · read the filing
All filings for EIN 16-1720173: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.