2023-05-15T11:52:28-05:00 2022-06-30 873231666 PKF O'CONNOR DAVIES ADVISORY LLC 245 PARK AVENUE 12TH FLOOR NEW YORK NY 10167 990 2021-07-01 464341617 BROOKLYN LABORATORY CHARTER SCHOOLS INC BROO 3475938369 240 JAY STREET BROOKLYN NY 11201 MARTHA REVENAUGH CHAIR 3474298439 2023-05-15 1 MARTHA REVENAUGH 999009999 GARRETT M HIGGINS P00543209 2122862600 2023-05-13 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z ERIC TUCKER 240 JAY STREET BROOKLYN NY 11201 24602340 0 X WWW.BROOKLYNLABORATORYSCHOOL.ORG X 2013 NY TO PREPARE SCHOLARS WITH THE ACADEMIC FOUNDATION, DIGITAL LITERACY, AND LEADERSHIP SKILLS NECESSARY TO SUCCEED IN COLLEGE AND PROFESSIONAL LIFE AS THEY GROW AS ETHICAL LEADERS. 9 9 161 9 0 0 3040812 3757422 20938851 20836971 6834 5121 12704 2826 23999201 24602340 0 0 0 0 9481907 10773417 0 0 0 11777025 13613784 21258932 24387201 2740269 215139 23750568 18514494 8692573 3241360 15057995 15273134 TO PREPARE SCHOLARS WITH THE ACADEMIC FOUNDATION, DIGITAL LITERACY, AND LEADERSHIP SKILLS NECESSARY TO SUCCEED IN COLLEGE AND PROFESSIONAL LIFE AS THEY GROW AS ETHICAL LEADERS. 0 0 21551538 0 20836971 THE SCHOOL PROVIDES ITS STUDENTS WITH A SOLID FOUNDATION FOR ACADEMIC SUCCESS, THROUGH ACHIEVEMENT THAT EXCEEDS CITYWIDE AVERAGES AND MEETS OR EXCEEDS NEW YORK STATE STANDARDS AND NATIONAL NORMS IN ALL CURRICULUM AREAS TESTED, ESPECIALLY IN MATHEMATICS AND LANGUAGE ARTS. THE SCHOOL PROVIDED EDUCATION TO APPROXIMATELY 733 STUDENTS IN GRADES SIXTH THROUGH ELEVENTH DURING THE 2021-2022 ACADEMIC YEAR. 21551538 1 0 0 0 0 0 0 0 1 0 1 0 1 0 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 26 0 161 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X SHERYL GOMEZ 3474298439 240 JAY STREET BROOKLYN NY 11201 MARTHA REVENAUGH CHAIR 2.00 X X 0 0 0 ADRIEN SIEGFRIED TREASURER 2.00 X X 0 0 0 NADINE AUGUSTA SECRETARY 1.00 X X 0 0 0 ELDRIDGE GILBERT III TRUSTEE 1.00 X 0 0 0 WALTER LOUGHLIN TRUSTEE 1.00 X 0 0 0 JONATHAN MCINTOSH TRUSTEE 1.00 X 0 0 0 SUJATA RAJPUROHIT TRUSTEE 1.00 X 0 0 0 TOKUMBO SHOBOWALE TRUSTEE 1.00 X 0 0 0 GARY WOOD TRUSTEE 1.00 X 0 0 0 ERIC M TUCKER EXECUTIVE DIRECTOR 50.00 X 185093 0 24796 SHERYL GOMEZ CHIEF FINANCIAL OFFICER 50.00 X 172950 0 5931 AARON DALY CHIEF OPERATING OFFICER 50.00 X 168830 0 37169 DAMION FRYE PRINCIPAL 50.00 X 136465 0 4775 BENNISON NTSAKEY DIRECTOR OF ACADEMICS 50.00 X 132563 0 8182 STACY BEHARRY TEACHER 50.00 X 119345 0 4043 JASMINE TUCKER PRINCIPAL 50.00 X 117409 0 6340 1032655 0 91236 15 0 1 0 INNOVATEEDU INC 240 JAY STREET BROOKLYN NY 11201 EDUCATIONAL SERVICES 530362 K&L GATES LLP ONE NEWARK CENTER 10TH FLOOR NEWARK NJ 07102 LEGAL SERVICES 393115 EXECUTIVE CLEANING SERVICES LLC 460 NEW YORK AVENUE HUNTINGTON NY 11743 CLEANING SERVICES 373371 UNDERDOG STRATEGIES LLC 7101 BAY PARKWAY APT 6C BROOKLYN NY 11204 STUDENT RECRUITMENT 201065 KLB CONSULTING LLC 1164 SUNSET DRIVE ARROYO GRANDE CA 93420 PROF. DEVELOPMENT SERVICES 179695 5 3757422 3757422 GOV'T PER-PUPIL REV. 611000 15474202 15474202 GOV'T PER-PUPIL FACILITIES FUNDIN 611000 3701469 3701469 RENTAL INCOME 532000 1661300 1661300 20836971 5121 5121 MISCELLANEOUS 900099 2826 2826 2826 24602340 20836971 0 7947 377719 194926 182793 8584505 7955389 629116 79468 78045 1423 1050091 954837 95254 681634 618274 63360 41880 38482 3398 734944 734944 96130 96130 1811346 1664396 146950 1061612 1039803 21809 751841 694647 57194 112157 109521 2636 6186564 5589595 596969 95636 86409 9227 1052391 950845 101546 113818 102835 10983 REPAIRS AND MAINTENANCE 679625 614048 65577 STAFF DEVELOPMENT 483632 471688 11944 STUDENT SERVICES 247529 247529 FOOD SERVICES 98956 98956 45723 41313 4410 24387201 21551538 2835663 0 1615536 1158844 12744210 3483498 541121 1482675 3255 2093 135493 56999 10033824 5156203 5539951 4877621 1000000 6852270 2171002 600494 23750568 18514494 902693 1397890 0 561969 200000 200000 3115903 0 4473977 1081501 8692573 3241360 X 12887624 15273134 2170371 0 15057995 15273134 23750568 18514494 215139 0 X X 0 1 X 1 1 1 X 0 1 X 7310196 3041890 4268306 2652067 2079914 572153 71561 34399 37162 4877621 LOAN TO FRIENDS OF BROOKLYN LAB 6852270 C 6852270 DEFERRED RENT 691242 DUE TO INNOVATEEDU 234359 DUE FROM FRIENDS 155900 1081501 X 24602340 0 24602340 0 24602340 24387201 0 24387201 0 24387201 PART IV, LINE 2B: THE ORGANIZATION'S ESCROW ACCOUNT LIABILITY CONSISTS OF SECURITY DEPOSITS HELD IN ACCORDANCE WITH SUBLEASE AGREEMENTS. PART X, LINE 2: THE SCHOOL RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE SCHOOL HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE SCHOOL IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR THE YEARS PRIOR TO JUNE 30, 2019. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 AS A PUBLIC SCHOOL, SUBJECT TO OPEN ENROLLMENT, THE CHARTER SCHOOL IS NOT SUBJECT TO THE SPECIFIC GUIDELINES SET FORTH IN REV. PROC. 75-50 AND AS MODIFIED BY REV. PROC. 2020-23. SCHEDULE E, PART I, LINE 6 THE SCHOOL RECEIVES PER-PUPIL FUNDING FROM THE NYC BOARD OF EDUCATION UNDER THEIR CHARTER AGREEMENT. THE SCHOOL ALSO RECEIVES VARIOUS FEDERAL, STATE, AND CITY FUNDS INCLUDING FEDERAL ENTITLEMENTS TO ASSIST WITH COVERING THE COST OF CERTAIN PROGRAMS. X X 0 0 0 0 0 0 0 0 0 ERIC M TUCKER EXECUTIVE DIRECTOR 185093 0 0 0 0 0 14473 0 10323 0 209889 0 0 0 AARON DALY CHIEF OPERATING OFFICER 168830 0 0 0 0 0 2625 0 34544 0 205999 0 0 0 SHERYL GOMEZ CHIEF FINANCIAL OFFICER 172950 0 0 0 0 0 5467 0 464 0 178881 0 0 0 FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION ENGAGED CHARTER SCHOOL BUSINESS MANAGEMENT (CSBM) FOR FINANCIAL SERVICES INCLUDING ACCOUNTING, PAYROLL, GRANT FINANCIAL MANAGEMENT, AND FINANCIAL REPORTING AND BUDGETING. EXPENSES INCURRED FOR SUCH SERVICES DURING THE FISCAL YEAR WERE $41,880 AS REPORTED IN PART IX, LINE 11A. NO INDIVIDUALS REPORTED ON PART VII, SECTION A WAS COMPENSATED BY CSBM. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S FORM 990 IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM. ONCE PREPARED, IT IS PROVIDED TO MANAGEMENT AND THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES FOR APPROVAL. A COMPLETE COPY IS PROVIDED TO ALL BOARD MEMBERS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A CONFLICT OF INTEREST POLICY APPLICABLE TO ALL TRUSTEES, OFFICERS AND KEY EMPLOYEES. UNDER THIS POLICY, SUCH PERSONS MUST DISCLOSE THE EXISTENCE OF ANY POTENTIAL OR ACTUAL CONFLICT OF INTEREST TO THE BOARD. AFTER DISCLOSURE OF ALL MATERIAL FACTS, THE INDIVIDUAL LEAVES THE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE MEETING MINUTES DOCUMENT THE NAME OF THE INTERESTED PERSON, THE POTENTIAL OR ACTUAL CONFLICT OF INTEREST, THE NAMES OF THE INDIVIDUALS AT THE MEETING, AND THE RESULT OF THE VOTE. INTERESTED PERSONS ALSO ANNUALLY SIGN A STATEMENT OF AFFIRMATION INDICATING THAT THEY HAVE RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, AND AGREE TO ABIDE BY IT. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS FOR DETERMINING COMPENSATION FOR THE ORGANIZATION'S EXECUTIVE DIRECTOR, AND OTHER OFFICERS INCLUDES THE USE OF COMPARABLE DATA SUCH AS FORM 990S OF OTHER ORGANIZATIONS. THE BOARD OF TRUSTEES REVIEWS THE COLLECTED DATA AND VOTES ON THE COMPENSATION. THE PROCESS LAST OCCURRED IN 2021, AND WAS DOCUMENTED IN THE MINUTES OF THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A FINANCE COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPDENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.