2024-05-09T14:39:30-05:00 2023-06-30 812950760 SAX LLP 389 INTERPACE PARKWAY STE 3 PARSIPPANY NJ 07054 990 2022-07-01 831640335 VALENCE COLLEGE PREPARATORY CHARTER SCHOOL VALE 6468548414 97-29 64TH RD QUEENS NY 11374 MITCH FLAX HEAD OF SCHOOL 6468548414 2024-05-09 1 MITCH FLAX 999009999 0 MARQUS WHITE P00053187 9735546010 2024-05-07 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z ANGELA GUERRERO 97-29 64TH RD QUEENS NY 11374 11605777 0 X WWW.VALENCECOLLEGEPREP.ORG X 2018 NY TO EQUIP ALL SCHOLARS IN GRADES FIVE THROUGH EIGHT WITH THE ACADEMIC SKILLS, PROFESSIONAL HABITS, AND STRENGTH OF CHARACTER TO GRADUATE FROM COLLEGE AND LEAD LIVES OF OPPORTUNITY. 7 7 82 7 0 0 9373499 11533029 0 0 0 15 12 72733 9373511 11605777 0 0 0 0 4170566 6128327 0 0 0 5399675 6441670 9570241 12569997 -196730 -964220 3881324 55847309 1841249 54771454 2040075 1075855 TO EQUIP ALL SCHOLARS IN GRADES FIVE THROUGH EIGHT WITH THE ACADEMIC SKILLS, PROFESSIONAL HABITS, AND STRENGTH OF CHARACTER TO GRADUATE FROM COLLEGE AND LEAD LIVES OF OPPORTUNITY. 0 0 10298845 0 VALENCE IS A 5TH-8TH GRADE, TUITION-FREE PUBLIC CHARTER MIDDLE SCHOOL IN QUEENS, NY. OUR POURPOSE IS TO EQUIP ALL SCHOLARS IN GRADES FIVE THROUGH EIGHT WITH THE ACADEMIC SKILLS, PROFESSIONAL HABITS, AND STRENGTH OF CHARACTER TO GRADUATE FROM COLLEGE AND LEAD LIVES OF OPPORTUNITY. 10298845 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 15 0 1 82 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X MITCHELL FLAX 6468548414 97-29 64TH RD QUEENS NY 11374 ANGIE GUERRERO BOARD CHAIR 1.00 X X 0 0 0 ARJUN KAPOOR TREASURER 1.00 X X 0 0 0 AHMED KHAN TRUSTEE 1.00 X 0 0 0 SANDY MATTHEWS TRUSTEE 1.00 X 0 0 0 LYDIA ORR TRUSTEE 1.00 X 0 0 0 JOSE SANTIAGO TRUSTEE 1.00 X 0 0 0 TONY SHAN TRUSTEE 1.00 X 0 0 0 MITCH FLAX EXECUTIVE DIRECTOR 43.00 X 152004 0 9141 NICOLE KONE PRINCIPAL 43.00 X 122487 0 10591 MATTHEW CHUCHUL DEAN 43.00 X 115498 0 29271 CELINES LEONARDO DIRECTOR OF OPERATIONS 43.00 X 111590 0 9591 TAYLOR JANNEY-ROVIN DEAN 43.00 X 102748 0 19248 604327 0 77842 5 0 1 0 GENUINE FOOD LAB LLC 228 PARK AVE S PMB 69981 NEW YORK NY 10003 SCHOOL SERVICES 350382 1 11514275 18754 11533029 15 15 OTHER INCOME 900099 72733 72733 72733 11605777 0 0 72748 174741 148717 26024 4858806 4232779 626027 661064 575429 85635 433716 377532 56184 194281 194281 12566 12566 28000 28000 186005 25084 160921 214740 32263 182477 3984802 3468606 516196 161211 140328 20883 86661 75434 11227 FOOD SERVICES 448255 448255 CURRICULUM & CLASSROOM 444046 444046 PROFESSIONAL DEVT 403193 180499 222694 OTHER EXPENSES 113545 34040 79505 164365 115833 48532 12569997 10298845 2271152 0 1853278 3157425 75019 75034 887115 297545 100688 14732 883223 442651 565224 440572 400000 51862001 3881324 55847309 479907 373077 7299 1354043 54398377 1841249 54771454 X 2040075 1075855 2040075 1075855 3881324 55847309 -964220 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 285476 104495 180981 597747 338156 259591 440572 SECURITY DEPOSIT 400000 FINANACE LEASE RIGHT-OF-USE ASSET 51462001 51862001 FINANCE LEASE LIABILITY 54398377 54398377 X 11605777 0 11605777 0 11605777 12569997 0 12569997 0 12569997 PART X, LINE 2: THE SCHOOL DOES NOT BELIEVE ITS FINANCIAL STATEMENTS INCLUDE ANY MATERIAL, UNCERTAIN TAX POSITIONS. TAX FILINGS FOR PERIODS ENDING JUNE 30, 2020, THE SCHOOL'S INITIAL FILING, AND LATER ARE SUBJECT TO EXAMINATION BY APPLICABLE TAXING AUTHORITIES. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL HAS A NONDISCRIMINATORY POLICY THAT IS PUBLICIZED IN RECRUITMENT LITERATURE, AS WELL AS PRINT AND ELECTRONIC MEDIA. A COPY OF THE POLICY IS MADE AVAILABLE ON THE SCHOOL'S WEBSITE. SCHEDULE E, PART I, LINE 6 THE SCHOOL RECEIVES VARIOUS GOVERNMENT GRANTS. X X 0 0 0 0 0 0 0 0 0 MITCH FLAX EXECUTIVE DIRECTOR 152004 0 0 0 0 0 1125 0 8016 0 161145 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT REVIEWED A DRAFT OF THE FORM 990 WITH THE AUDIT/FINANCE COMMITTEE AND PROVIDED EDITS TO THE TAX PREPARER. AFTER THIS PROCESS WAS PERFORMED, THE FORM 990 WAS SENT TO THE FULL BOARD OF DIRECTORS PRIOR TO BEING FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE SCHOOL HAS A BOARD APPROVED CONFLICTS OF INTEREST POLICY. EACH BOARD MEMBER MUST FILL OUT AN ANNUAL DECLARATION STATING THEY HAD NO CONFLICTS OR IDENTIFYING THE NATURE OF THEIR INTERESTED PARTY TRANSACTIONS. FORM 990, PART VI, SECTION B, LINE 15A EACH YEAR, THE EXECUTIVE COMMITTEE REVIEWS COMPARABLE SALARIES BASED ON A RECOGNIZED STUDY AND REVIEWS THE PERFORMANCE OF THE HEAD OF SCHOOL TO DETERMINE IF THE EXISTING SALARY FALLS WITHIN THESE RANGES. AFTER A DELIBERATION OF THIS MATTER, A NEW PROPOSED SALARY AND BENEFITS PACKAGE IS VOTED ON. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.