2024-05-13T09:52:26-05:00 2023-06-30 161092347 MENGEL METZGER BARR & CO LLP 100 CHESTNUT STREET SUITE 1200 ROCHESTER NY 14604 990 2022-07-01 450522191 EXCELLENCE COMMUNITY SCHOOLS INC EXCE 7188287301 2000 BENEDICT AVENUE BRONX NY 10462 RISHI RENJEN TREASURER 7188287301 2024-05-10 1 RISHI RENJEN 999009999 0 MICHELLE CAIN P00150750 5854231860 2024-05-10 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JOYCE FROST 2000 BENEDICT AVENUE BRONX NY 10462 25003984 0 X WWW.EXCELLENCECOMMUNITYSCHOOLS.ORG X 2003 NY EXCELLENCE COMMUNITY SCHOOLS, INC. PROVIDES SERVICES AND RAISES FUNDS TO SUPPORT THE OPERATIONS OF THE BRONX AND STAMFORD CHARTER SCHOOL FOR EXCELLENCE SCHOOLS. 6 6 40 7 0 0 3242144 8479405 6013350 8607862 4838 181451 1183450 1917411 10443782 19186129 454844 427734 0 0 5067628 5674018 0 0 737335 1397496 2151362 6919968 8253114 3523814 10933015 18625373 101317454 7667628 79426694 10957745 21890760 X THE MISSION OF EXCELLENCE COMMUNITY SCHOOLS, INC. IS TO HELP BRONX CHARTER SCHOOL FOR EXCELLENCE AND STAMFORD CHARTER SCHOOL FOR EXCELLENCE FULFILL THEIR MISSION OF PREPARING YOUNG PEOPLE TO COMPETE FOR ADMISSION TO, AND SUCCEED IN, TOP PUBLIC, PRIVATE AND PAROCHIAL SCHOOLS BY CULTIVATING THEIR INTELLECTUAL, ARTISTIC, SOCIAL, EMOTIONAL AND ETHICAL DEVELOPMENT. OUR SCHOOLS ACCOMPLISH THIS BY OFFERING A CHALLENGING AND RIGOROUS ACADEMIC CURRICULUM, WHICH AT THE EARLIEST OF GRADES HAS AN EYE TOWARDS COLLEGE PREPARATION. TO ACHIEVE THIS, OUR SCHOOLS CREATE A SUPPORTIVE AND CARING ENVIRONMENT THAT AT ALL TIMES HAS HIGH EXPECTATIONS OF ALL STUDENTS. 0 0 5013105 427734 8607862 EXCELLENCE COMMUNITY SCHOOLS, INC. PROVIDES SERVICES AND RAISES FUNDS TO SUPPORT THE OPERATIONS OF BRONX CHARTER SCHOOL FOR EXCELLENCE SCHOOLS AND STAMFORD SCHOOL FOR EXCELLENCE. 5013105 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 16 0 40 1 0 0 0 0 0 0 0 0 0 0 0 0 X 6 6 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X CHARLENE REID 7188287301 2000 BENEDICT AVENUE BRONX NY 10462 JOYCE FROST CHAIRPERSON 2.00 X X 0 0 0 KORY APTON TRUSTEE 0.50 X 0 0 0 RISHI RENJEN TREASURER 0.50 X X 0 0 0 KIMBERLY HARTMAN VICE PRESIDENT 0.50 X X 0 0 0 ANDRA EHRENKRANZ VICE PRESIDENT 0.50 X X 0 0 0 ANTHONY VERNACE SECRETARY 0.50 X X 0 0 0 CHARLENE REID CEO 50.00 X 555224 0 31177 VIKAS KAUSHAL CHIEF FINANCIAL OFFICER 40.00 X 349416 0 11220 DENNISTON REID JR CHIEF OF STRAT. & LEADERSH 50.00 X 527465 0 14250 JACQUES MICHEL CHIEF REAL ESTATE OFFICER 40.00 X 172380 0 11188 MARQUITTA SPELLER CHIEF ACADEMIC OFFICER 40.00 X 247813 0 10609 AYA WAKAMATSU CHIEF OPERATING OFFICER 40.00 X 251585 0 11354 TISHA MARKETTE CHIEF ACADEMIC OFFICER 40.00 X 198562 0 8210 PATRICK KRAUSE CONTROLLER 40.00 X 127755 0 5777 SHAWN SAROOP SENIOR DIRECTOR INFORMATIO 40.00 X 160387 0 20171 LATOYA LAURY EXECUTIVE ASSISTANT TO CEO 40.00 X 134616 0 13672 2725203 0 137628 10 0 1 0 BJS RENOVATIONS INC 237 WEST 35TH STREET SUITE 301 NEW YORK NY 10001 PROJECT AND DEVELOPMENT MANAGEMENT 1511909 ROMAN CATHOLIC CHURCH OF SAINT SIMON AND 2191 VALENTINE AVENUE BRONX NY 10457 RENT 680768 ROMAN CATHOLIC CHURCH OF SAINT PHILLIP A 1160 EAST 213TH STREET BRONX NY 10469 RENT 631374 OUR SAVIOR LUTHERAN CHURCH AND SCHOOL 1734 WILLIAMSBRIDGE ROAD BRONX NY 10461 RENT 601689 MT SAINT MICHAEL ACADEMY 757 BURKE AVENUE BRONX NY 10467 RENT 526980 10 90271 8389134 8479405 MANAGEMENT FEE INCOME 611430 8594525 8594525 OTHER INCOME 900099 13337 13337 8607862 181451 181451 7735266 5817855 1917411 1917411 1917411 19186129 8607862 0 2098862 404687 404687 23047 23047 2513078 1197841 990302 324935 2540719 1902219 458443 180057 92511 34623 33608 24280 243743 91208 100228 52307 283967 113587 113587 56793 21828 21828 333952 333952 476688 363898 101520 11270 66395 26558 26558 13279 17935 7174 7174 3587 38247 15299 15299 7649 153148 119802 31988 1358 390666 312533 78133 11252 9002 2250 PROFESSIONAL DEVELOPMEN 253772 101509 101509 50754 REPAIRS & MAINTENANCE 232330 185864 46466 STUDENT SERVICES 81929 81917 8 4 OTHER 68565 20360 38025 10180 4655 1977 1796 882 8253114 5013105 2502674 737335 4522386 3378457 5316990 12498687 941779 570521 176278 223743 180396 437373 7897187 742226 4449470 7154961 3038074 77053712 18625373 101317454 1392144 2217407 1348723 1607452 900000 1100000 4026761 74501835 7667628 79426694 X 9958441 21373161 999304 517599 10957745 21890760 18625373 101317454 10933015 0 X X 0 1 X 1 0 X 2426316 2969384 3327720 3242144 8479405 20444969 2897481 3698127 4468108 6013350 8607862 25684928 5323797 6667511 7795828 9255494 17087267 46129897 95000 65000 40000 45000 40000 285000 1756630 2145000 1828753 2685581 7499920 15915884 1851630 2210000 1868753 2730581 7539920 16200884 29929013 1406770 2756474 3944583 2619014 7916717 18643558 1406770 2756474 3944583 2619014 7916717 18643558 6919 6919 6730567 9430904 11740411 11874508 25003984 64780374 0.46200 0.28780 X PART I, LINE 7 AND 10: THE ORIGINAL TAX-EXEMPT ACKNOWLEDGEMENT LETTER RECEIVED FROM THE IRS IN 2003 STATED THAT THE ORGANIZATION'S PUBLIC CHARITY STATUS WAS UNDER SECTION 170(B)(1)(A)(VI) WHICH WOULD REQUIRE THE ORGANIZATION TO FILL OUT PART II OF SCHEDULE A. THE ORGANIZATION IS ALLOWED TO SWITCH IT'S CHARITY STATUS IF IT FALLS BELOW THE THRESHOLD UNDER PART II. THEREFORE, THE ORGANIZATION HAS SELECTED IT'S PUBLIC CHARITY STATUS TO BE UNDER SECTION 509(A)(2) OF PART III OF SCHEDULE A WHEN CALCULATING THE CURRENT YEARLY PUBLIC SUPPORT PERCENTAGE. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7653392 632160 7021232 120828 41563 79265 122967 68503 54464 7154961 SECURITY DEPOSITS 270187 DEFERRED LEASE RECEIVABLE, NET 3419203 DUE FROM RELATED PARTIES 2047499 RIGHT-OF-USE ASSETS 71316823 77053712 DUE TO RELATED PARTY 54067 SECURITY DEPOSITS 589319 OPERATING LEASE LIABILITIES 73858449 74501835 X 25003984 5817855 5817855 19186129 0 19186129 14070969 5817855 5817855 8253114 0 8253114 PART X, LINE 2: EXCELLENCE COMMUNITY SCHOOLS, INC. IS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND APPLICABLE STATE REGULATIONS AND, ACCORDINGLY, IS EXEMPT FROM FEDERAL AND STATE TAXES ON INCOME. THE ORGANIZATION FILES FORM 990 TAX RETURNS IN THE U.S. FEDERAL JURISDICTION AND IN NEW YORK STATE. ECS 1946 BATHGATE LLC, ECS 4300 MURDOCK LLC, ECS 1160 213TH STREET LLC, AND ECS 1744 WILLIAMSBRIDGE LLC ARE DISREGARDED ENTITIES FOR TAX PURPOSES AND FILE WITH EXCELLENCE COMMUNITY SCHOOLS, INC. WITH FEW EXCEPTIONS, AS OF JUNE 30, 2023, THE ORGANIZATION IS NO LONGER SUBJECT TO U.S. FEDERAL OR STATE INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS ENDED PRIOR TO JUNE 30, 2020. THE TAX RETURNS FOR YEARS ENDED JUNE 30, 2020 THROUGH JUNE 30, 2023 ARE STILL SUBJECT TO POTENTIAL AUDIT BY THE IRS AND TAXING AUTHORITIES IN NEW YORK STATE. MANAGEMENT OF THE ORGANIZATION BELIEVES THEY HAVE NO MATERIAL UNCERTAIN TAX POSITIONS AND, ACCORDINGLY, THEY HAVE NOT RECOGNIZED ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS. PART XI, LINE 2D - OTHER ADJUSTMENTS: SUBLEASE RENTAL EXPENSE 5,817,855. PART XII, LINE 2D - OTHER ADJUSTMENTS: SUBLEASE RENTAL EXPENSE 5,817,855. 1 BRONX CHARTER SCHOOL FOR EXCELLENCE 1960 BENEDICT AVENUE BRONX NY 10462 450507998 501(C)(3) 141629 0 FEDERAL CSP REPLICATION GRANT PASSTHROUGH STAMFORD CHARTER SCHOOL FOR EXCELLENCE ONE SCHUYLER AVENUE STAMFORD CT 06902 472465564 501(C)(3) 263058 0 FEDERAL CSP REPLICATION GRANT PASSTHROUGH 2 0 SCHOLARSHIPS 9 23047 PART I, LINE 2: STUDENTS COMPLETE THE GRANT REQUIREMENTS BY COMPLETING COMMUNITY SERVICE HOURS OR WORK STUDY HOURS, GIVE PROGRESS REPORTS AND REPORT CARDS TO MAINTAIN ELIGIBILITY. THEY ALSO MUST PROVIDE INFORMATION FROM PARENTS AND SCHOOL ABOUT FINANCIAL NEED. WE ARE IN CONTACT WITH RECEIVING SCHOOLS ABOUT THE SCHOLARSHIPS. THE SCHOLARSHIPS ARE SENT DIRECTLY TO THE SCHOOLS. X X X 0 0 0 0 0 0 0 0 0 CHARLENE REID CEO 502051 0 50000 0 3173 0 14250 0 16927 0 586401 0 0 0 DENNISTON REID JR CHIEF OF STRAT. & LEADERSH 474580 0 50000 0 2885 0 14250 0 0 0 541715 0 0 0 VIKAS KAUSHAL CHIEF FINANCIAL OFFICER 262620 0 85000 0 1796 0 11220 0 0 0 360636 0 0 0 AYA WAKAMATSU CHIEF OPERATING OFFICER 210198 0 40000 0 1387 0 7344 0 4010 0 262939 0 0 0 MARQUITTA SPELLER CHIEF ACADEMIC OFFICER 217813 0 30000 0 0 0 2188 0 8421 0 258422 0 0 0 TISHA MARKETTE CHIEF ACADEMIC OFFICER 198562 0 0 0 0 0 0 0 8210 0 206772 0 0 0 JACQUES MICHEL CHIEF REAL ESTATE OFFICER 170741 0 0 0 1639 0 11188 0 0 0 183568 0 0 0 SHAWN SAROOP SENIOR DIRECTOR INFORMATIO 140387 0 20000 0 0 0 3709 0 16462 0 180558 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 TWO OF THE BOARD MEMBERS ARE MARRIED. FORM 990, PART VI, SECTION B, LINE 11B THE CEO, CHAIRMAN AND TREASURER OF THE BOARD REVIEW THE DRAFT 990 BEFORE IT IS FILED. THE ENTIRE FORM 990 IS EMAILED TO THE COMPLETE BOARD OF TRUSTEES PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS DISTRIBUTED TO OFFICERS, BOARD MEMBERS AND KEY EMPLOYEES ANNUALLY. AFTER REVIEWING, OFFICERS, BOARD MEMBERS AND KEY EMPLOYEES FILL OUT ANNUAL CONFLICT OF INTEREST CERTIFICATION FORMS IN WHICH THEY DISCLOSE ANY CONFLICTS OF INTEREST AND PROHIBITED EXCESS BENEFIT TRANSACTIONS. THE EXECUTIVE ASSISTANT TO THE CEO IS RESPONSIBLE FOR ENSURING THAT ALL OFFICERS, BOARD MEMBERS AND KEY EMPLOYEES OF EXCELLENCE COMMUNITY SCHOOLS, INC. COMPLETE THEIR FORMS AND FOR REVIEWING THE EXCECUTED FORMS FOR ANY PROBLEMATIC CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 FROM TIME TO TIME THE BOARD OF TRUSTEES MUST HIRE KEY EMPLOYEES AND OFFICERS. THE COMPENSATION FOR THESE POSITIONS MUST TAKE INTO CONSIDERATION THE CANDIDATE OR EMPLOYEE'S YEARS OF EXPERIENCE AND HIS OR HER ABILITY TO MEET THE STANDARDS SET BY THE ORGANIZATION FOR THE POSITION. ONCE THE SALARY IS SET, SUBSEQUENT INCREASES WILL BE BASED ON PERFORMANCE AND EXTRAORDINARY PERFORMANCE WILL BE RECOGNIZED THROUGH BONUSES. THE BOARD USES APPLICABLE COMPENSATION SURVEYS AND THE 990'S FOR NON PROFITS OF SIMILAR SIZE AND COMPLEXITY. THIS CROSS COMPARISON PROVIDES SOME BROADER PERSPECTIVE TO ACCOUNT FOR THE EMERGENCE OF MORE STABLE AND SEASONED SENIOR STAFF. THE COMPENSATION FOR OTHER MANAGEMENT POSITIONS ARE REVIEWED AND APPROVED AS FOLLOWS: 1. THE EXECUTIVE COMMITTEE REVIEWS AND APPROVES THE ORGANIZATIONAL CHART OF ECS ESTABLISHING LINES OF ACCOUNTABILITY. 2. THE EXECUTIVE COMMITTEE VERIFIES THE EVALUATION PROCESSES AND PERFORMANCE REVIEW PROCEDURES. 3. THE EXECUTIVE COMMITTEE REVIEWS COMPARATIVE SALARY INFORMATION PROVIDED OR OTHER COMPARABLE RESEARCH USING 990'S TO ENSURE THAT THE SALARY STRUCTURE CONTINUES TO ATTRACT AND MAINTAIN QUALITY EMPLOYEES. 4. THE BOARD OF TRUSTEES APPROVES THE SALARY OF THE CEO AS WELL AS SALARY RECOMMENDATIONS MADE BY THE PRESIDENT FOR THE "KEY EMPLOYEES/HIGHEST COMPENSATED INDIVIDUALS". 5. CONTEMPORANEOUS SUBSTANTIATION AND RECORDKEEPING FOR DELIBERATION AND DECISION REGARDING THE COMPENSATION ARRANGEMENT WAS MADE. FORM 990, PART VI, SECTION C, LINE 19 EXCELLENCE COMMUNITY SCHOOLS, INC. MAKES ITS GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THE BOARD HAS NOT CHANGED ITS PROCESS FOR SELECTING THE INDEPENDENT AUDITOR NOR HAVE THEY CHANGED THE OVERSIGHT OF THE AUDIT FROM PRIOR YEARS. ECS 1946 BATHGATE LLC 2000 BENEDICT AVENUE BRONX NY 10462 RENTS CHARTER SCHOOL BUILDING NY 1213855 198797 EXCELLENCE COMMUNITY SCHOOLS INC ECS 4300 MURDOCK LLC 2000 BENEDICT AVENUE BRONX NY 10462 RENTS CHARTER SCHOOL BUILDING NY 1078816 708369 EXCELLENCE COMMUNITY SCHOOLS INC