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OUR WORLD NEIGHBORHOOD CHARTER SCHOOL: Form 990, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
OUR WORLD NEIGHBORHOOD CHARTER SCHOOL (EIN 11-3602805)
Tax period
2021-07-01 to 2022-06-30
Filed
2023-05-15
IRS object ID
202311359349307901
Schema version
2021v4.2
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2023-05-15T11:53:47-05:00ReturnTs
Tax Period End2022-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN161092347PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1MENGEL METZGER BARR & CO LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1100 CHESTNUT STREET SUITE 1200AddressLine1Txt
CityROCHESTERCityNm
State AbbreviationNYStateAbbreviationCd
ZIP14604ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2021-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN113602805EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1OUR WORLD NEIGHBORHOOD CHARTER SCHOOLSBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlOURWBusinessNameControlTxt
Phone7183923405PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line136-12 35TH AVEAddressLine1Txt
CityASTORIACityNm
State AbbreviationNYStateAbbreviationCd
ZIP11106ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonBRIAN FERGUSONPersonNm
Person TitleCEOPersonTitleTxt
Phone7183923405PhoneNum
Signature2023-05-12SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstBRIANPersonFirstNm
Person LastFERGUSONPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJACQUELINE B LEE CPAPreparerPersonNm
PTINP00842765PTIN
Phone5854231860PhoneNum
Preparation2023-05-12PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer3TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerBRIAN FERGUSONPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line136-12 35TH AVEAddressLine1Txt
CityASTORIACityNm
State AbbreviationNYStateAbbreviationCd
ZIP11106ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$24,829,362GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.OWNCS.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2001FormationYr
Legal Domicile StateNYLegalDomicileStateCd
Activity Or MissionOUR WORLD NEIGHBORHOOD CHARTER SCHOOLS (OWNCS) WAS ORGANIZED TO INCREASE LEARNING OPPORTUNITIES FOR STUDENTS THROUGH INNOVATIVE EDUCATIONAL PROGRAMS AND TO ENABLE PARENTS TO BE MORE INVOLVED IN THEIR CHILDREN'S EDUCATION. IN FISCAL YEAR 2021, OUR WORLD NEIGHBORHOOD CHARTER SCHOOL OPERATED CLASSES FOR APPROXIMATELY 1019 STUDENTS IN GRADES K-8.ActivityOrMissionDesc
Voting Members Governing Body6VotingMembersGoverningBodyCnt
Voting Members Independent6VotingMembersIndependentCnt
Total Employee150TotalEmployeeCnt
Total Volunteers6TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$2,062,344PYContributionsGrantsAmt
CY Contributions Grants$6,111,888CYContributionsGrantsAmt
PY Program Service Revenue$17,330,785PYProgramServiceRevenueAmt
CY Program Service Revenue$18,717,358CYProgramServiceRevenueAmt
PY Investment Income$1,852PYInvestmentIncomeAmt
CY Investment Income$116CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$19,394,981PYTotalRevenueAmt
CY Total Revenue$24,829,362CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$12,712,117PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$14,340,991CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$114,030CYTotalFundraisingExpenseAmt
PY Other Expenses$6,688,261PYOtherExpensesAmt
CY Other Expenses$9,521,633CYOtherExpensesAmt
PY Total Expenses$19,400,378PYTotalExpensesAmt
CY Total Expenses$23,862,624CYTotalExpensesAmt
PY Revenues Less Expenses-$5,397PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$966,738CYRevenuesLessExpensesAmt
Total Assets BOY$8,035,800TotalAssetsBOYAmt
Total Assets EOY$7,702,129TotalAssetsEOYAmt
Total Liabilities BOY$6,566,594TotalLiabilitiesBOYAmt
Total Liabilities EOY$5,266,185TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$1,469,206NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$2,435,944NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionOUR WORLD NEIGHBORHOOD CHARTER SCHOOLS' MISSION IS TO EDUCATE THE STUDENTS TO BECOME INDEPENDENT THINKERS AND LIFELONG LEARNERS. THE ORGANIZATION IS COMMITTED TO AN EDUCATIONAL PHILOSOPHY BASED ON INQUIRY, ACTIVE AND EXPERIENTIAL LEARNING, AND SOCIAL JUSTICE, THROUGH A LITERACY-BASED, INTEGRATED AND RIGOROUS STANDARDS-DRIVEN CURRICULUM THAT ENCOURAGES COMMUNITY AND HONORS DIVERSITY.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$17,911,266ExpenseAmt
Revenue$17,178,911RevenueAmt
DescOUR WORLD NEIGHBORHOOD CHARTER SCHOOLS' (OWNCS) SERVES A SUCCESSFUL KINDERGARTEN THROUGH GRADE 8 EDUCATIONAL PROGRAM. THE SCHOOL PROVIDES ACADEMIC EDUCATIONAL SERVICE FOR 190 DAYS DURING THE SCHOOL YEAR. AS SUCH, THEIR STUDENTS ARE TESTED ON A REGULAR BASIS AS REQUIRED BY THE NEW YORK CITY BOARD OF EDUCATION. IN FISCAL YEAR 2022, WE OPERATED CLASSES FOR 1019 STUDENTS.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$1,581,165ExpenseAmt
Revenue$1,538,447RevenueAmt
DescTHE SPECIAL EDUCATION PROGRAM OFFERS SPECIAL SERVICES TO QUALIFYING STUDENTS. SERVICES INCLUDE SPEECH, SPECIAL EDUCATION, AND RESOURCE ROOM. IN FISCAL YEAR 2022, WE OPERATED CLASSES FOR 117 STUDENTS.Desc
FieldValueIRS element (for citing)
Total Program Service Expenses$19,492,431TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other AssetsYes (1)ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School OperatingYes (1)SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash ContriYes (1)DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document24IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee150EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members6GoverningBodyVotingMembersCnt
Independent Voting Member6IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonKARRINE MONTAQUE CFOPersonNm
Phone7183923405PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line136-12 35TH AVEAddressLine1Txt
CityASTORIACityNm
State AbbreviationNYStateAbbreviationCd
ZIP11106ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (14 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtHighest Compensated EmployeeHighestCompensatedEmployeeInd
JEANETTE BETANCOURT
CHAIR2.00Yes (X)Yes (X)$0$0$0
MAURA FITZGERALD
SECRETARY2.00Yes (X)Yes (X)$0$0$0
RICHARD LEE
CAO40.00Yes (X)$148,558$0$39,791
RICHARD BOGLE
TRUSTEE2.00Yes (X)$0$0$0
BRIAN FERGUSON
CEO40.00Yes (X)$237,087$0$21,466
KARRINE MONTAQUE
CFO40.00Yes (X)$143,793$0$35,253
MELISSA CHIN
TRUSTEE2.00Yes (X)$0$0$0
LISA EDMISTON
PRINCIPAL40.00$142,069$0$32,493Yes (X)
DOUGLAS RICKETTS
PRINCIPAL40.00$137,689$0$24,163Yes (X)
RODNEY WILKINS
PRINCIPAL40.00$142,289$0$16,025Yes (X)
EILEEN LEPETIT
MS TEACHER40.00$114,100$0$3,413Yes (X)
MARIA MIKANDA
PRINCIPAL40.00$109,254$0$24,951Yes (X)
OLUBUNMI EMIGILI
TRUSTEE2.00Yes (X)$0$0$0
KALIMAH AYELE
TRUSTEE2.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$1,174,839TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$197,555TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K8IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
JSB REALTY NO2 LLC
15 OCEAN AVENUEBROOKLYNNY11225RENT - OWN 2$1,884,140
TRINITY LUTHERAN CHURCH
31-18 37TH STREETLONG ISLAND CITYNY11103RENT - MS$818,862
SYLVAN LEARNING
156-45 84TH STHOWARD BEACHNY11414TUTORING AND ASSESMENT SERVICE$544,251
NYC ECONOMIC DEVELOPMENT CORPORATION
ONE LIBERTY STNEW YORKNY10006RENT DEPOSIT- OWN 3$530,700
GENUINE FOODS
121 MACDONOUGH ST SUITE 1BROOKLYNNY11216FOOD SERVICE MANAGEMENT$484,516
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K19CntrctRcvdGreaterThan100KCnt
Government Grants$6,109,266GovernmentGrantsAmt
All Other Contributions$2,622AllOtherContributionsAmt
Noncash Contributions$75,392NoncashContributionsAmt
Total Contributions$6,111,888TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
PER PUPIL REVENUES611110$18,702,064$18,702,064
STUDENT ACTIVITY FEES611110$15,294$15,294
FieldValueIRS element (for citing)
Total Program Service Revenue$18,717,358TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$116TotalRevenueColumnAmt
Exclusion$116ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$24,829,362TotalRevenueColumnAmt
Related Or Exempt Func Income$18,717,358RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$116ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$683,409TotalAmt
Program Services$214,014ProgramServicesAmt
Management And General$469,395ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$10,894,401TotalAmt
Program Services$9,472,023ProgramServicesAmt
Management And General$1,332,953ManagementAndGeneralAmt
Fundraising$89,425FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$513,475TotalAmt
Program Services$439,686ProgramServicesAmt
Management And General$68,408ManagementAndGeneralAmt
Fundraising$5,381FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$1,298,413TotalAmt
Program Services$1,093,873ProgramServicesAmt
Management And General$193,524ManagementAndGeneralAmt
Fundraising$11,016FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$951,293TotalAmt
Program Services$807,343ProgramServicesAmt
Management And General$136,912ManagementAndGeneralAmt
Fundraising$7,038FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$103,062TotalAmt
Management And General$103,062ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$60,400TotalAmt
Management And General$60,400ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$1,705,720TotalAmt
Program Services$1,243,519ProgramServicesAmt
Management And General$462,201ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$275,691TotalAmt
Program Services$274,841ProgramServicesAmt
Fundraising$850FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$141,417TotalAmt
Program Services$92,795ProgramServicesAmt
Management And General$48,622ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$261,288TotalAmt
Program Services$161,743ProgramServicesAmt
Management And General$99,545ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$4,289,561TotalAmt
Program Services$3,418,418ProgramServicesAmt
Management And General$871,143ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$456,944TotalAmt
Program Services$413,989ProgramServicesAmt
Management And General$42,955ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$155,676TotalAmt
Program Services$126,108ProgramServicesAmt
Management And General$29,568ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
REPAIRS & MAINTENANCE$564,030$431,222$132,808
SUPPLIES & MATERIALS$532,176$432,018$100,158
FOOD SERVICE$484,516$484,516
STAFF DEVELOPMENT$270,945$269,173$1,772

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$220,207TotalAmt
Program Services$117,150ProgramServicesAmt
Management And General$102,737ManagementAndGeneralAmt
Fundraising$320FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$23,862,624TotalAmt
Program Services$19,492,431ProgramServicesAmt
Management And General$4,256,163ManagementAndGeneralAmt
Fundraising$114,030FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$443BOYAmt
EOY$443EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$4,992,041BOYAmt
EOY$3,177,643EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$574,055BOYAmt
EOY$1,228,467EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$365,114BOYAmt
EOY$477,880EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$8,734,304LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$7,037,033LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$1,474,484BOYAmt
EOY$1,697,271EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$629,663BOYAmt
EOY$1,120,425EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$8,035,800BOYAmt
EOY$7,702,129EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$1,849,745BOYAmt
EOY$1,938,704EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
EOY$135,201EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

FieldValueIRS element (for citing)
BOY$2,018,605BOYAmt
EOY$0EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$2,698,244BOYAmt
EOY$3,192,280EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$6,566,594BOYAmt
EOY$5,266,185EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,469,206BOYAmt
EOY$2,435,944EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,469,206BOYAmt
EOY$2,435,944EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$8,035,800BOYAmt
EOY$7,702,129EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$966,738ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit RequiredYes (1)FederalGrantAuditRequiredInd
Federal Grant Audit PerformedYes (1)FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$4,561,247OtherCostOrOtherBasisAmt
Depreciation$3,838,845DepreciationAmt
Book Value$722,402BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$4,173,057OtherCostOrOtherBasisAmt
Depreciation$3,198,188DepreciationAmt
Book Value$974,869BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$1,697,271TotalBookValueLandBuildingsAmt

Other Assets Org OtherAssetsOrgGrp (2 entries)

DescDescBook ValueBookValueAmt
SECURITY DEPOSITS$157,064
CASH IN ESCROW$963,361
FieldValueIRS element (for citing)
Total Book Value Other Assets$1,120,425TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescDEFERRED LEASE LIABILITYDesc
Amt$3,192,280Amt
FieldValueIRS element (for citing)
Total Liability$3,192,280TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$24,829,362TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported$0RevenueNotReportedAmt
Revenue Subtotal$24,829,362RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$24,829,362TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$23,862,624TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$23,862,624ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$23,862,624TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART X, LINE 2:FormAndLineReferenceDesc
ExplanationTHE EDUCATION CORPORATION IS A TAX-EXEMPT ENTITY 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 EDUCATION CORPORATION FILES FORM 990 TAX RETURNS IN THE U.S. FEDERAL JURISDICTION. THE TAX RETURNS FOR THE YEARS ENDED JUNE 30, 2019 THROUGH JUNE 30, 2022 ARE STILL SUBJECT TO POTENTIAL AUDIT BY THE IRS. MANAGEMENT OF THE EDUCATION CORPORATION BELIEVES IT HAS NO MATERIAL UNCERTAIN TAX POSITIONS AND, ACCORDINGLY, IT HAS NOT RECOGNIZED ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS.ExplanationTxt

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (1)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (1)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediaYes (1)PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (1)MaintainRacialCompRecsInd
Maintain Scholarships Recs0MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (1)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (1)MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts0DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy0DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty0DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs0DiscriminateRaceSchsInd
Discriminate Race Educ Plcy0DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts0DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog0DiscriminateRaceAthltProgInd
Discriminate Race Other Acty0DiscriminateRaceOtherActyInd
Government Financial Aid RcvdYes (1)GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd0GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (1)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE E, PART I, LINE 3THE ORGANIZATION PUBLICIZED ITS RACIALLY NONDISCRIMINATORY POLICY IN THE QUEENS GAZETTE.
SCHEDULE E, PART I, LINE 4THE SCHOOL DOES NOT CHARGE TUITION, THEREFORE IT DOES NOT AWARD SCHOLARSHIPS AND OTHER FINANCIAL ASSISTANCE TO ITS STUDENTS.
SCHEDULE E, PART I, LINE 6FEDERAL AID AND FOOD SUBSIDIES FROM GOVERNMENT AGENCIES ARE PROVIDED TO THE ORGANIZATION.

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Form990 Of Other OrganizationsYes (X)Form990OfOtherOrganizationsInd
Written Employment ContractYes (X)WrittenEmploymentContractInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed PaymentsYes (1)AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (6 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
RICHARD LEE
CAO$148,558$0$0$0$0$0$26,000$0$13,791$0$188,349$0$0$0
BRIAN FERGUSON
CEO$217,087$0$20,000$0$0$0$14,433$0$7,033$0$258,553$0$0$0
KARRINE MONTAQUE
CFO$134,793$0$9,000$0$0$0$16,709$0$18,544$0$179,046$0$0$0
LISA EDMISTON
PRINCIPAL$142,069$0$0$0$0$0$18,138$0$14,355$0$174,562$0$0$0
DOUGLAS RICKETTS
PRINCIPAL$137,689$0$0$0$0$0$17,438$0$6,725$0$161,852$0$0$0
RODNEY WILKINS
PRINCIPAL$142,289$0$0$0$0$0$9,036$0$6,989$0$158,314$0$0$0

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 7FormAndLineReferenceDesc
ExplanationANY BONUS FOR BRIAN FERGUSON WOULD BE DETERMINED BY THE BOARD AND ANY BONUS FOR THE PRINCIPALS WOULD BE DETERMINED BY BRIAN FERGUSON. THEY ARE BASED ON PERFORMANCE.ExplanationTxt

Schedule M IRS990ScheduleM

Books And Publications BooksAndPublicationsGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Noncash Contributions Rpt F990$75,392NoncashContributionsRptF990Amt
Method Of Determining RevenuesFMVMethodOfDeterminingRevenuesTxt
FieldValueIRS element (for citing)
Any Property That Must Be Held0AnyPropertyThatMustBeHeldInd
Review Process Unusual NC GiftsYes (1)ReviewProcessUnusualNCGiftsInd
Third Parties Used0ThirdPartiesUsedInd

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11BTHE CHIEF FINANCIAL OFFICER REVIEWS THE 990. THE 990 IS SUBSEQUENTLY SENT TO THE FINANCE COMMITTEE FOR THEIR REVIEW, COMMENTS, QUESTIONS OR CORRECTIONS. A COPY OF THE FINAL 990 IS THEN DISTRIBUTED TO THE FULL BOARD PRIOR TO BEING FILED WITH PROPER AGENCIES.
FORM 990, PART VI, SECTION B, LINE 12CIT IS THE POLICY OF THE SCHOOL THAT ALL DIRECTORS, OFFICERS, EMPLOYEES, AGENTS AND CONTRACTORS AVOID ALL ACTIVITIES THAT CONFLICT WITH OR APPEAR TO CONFLICT WITH THEIR RESPONSIBILITIES AND OBLIGATIONS TO THE SCHOOL. CONFLICT OF INTEREST DISCLOSURE STATEMENTS ARE REQUIRED TO BE SIGNED BY OFFICERS AND EMPLOYEES ANNUALLY. WHEN A CONFLICT ARISES, IT IS BROUGHT TO THE BOARD'S ATTENTION TO BE DISCUSSED. THE MEMBER WHO HAS THIS CONFLICT MUST RECUSE THEMSELVES FROM PARTICIPATING IN ANY DISCUSSION RELATED TO THE MATTER.
FORM 990, PART VI, SECTION B, LINE 15THE EXECUTIVE COMMITTEE UTILIZES EXTERNAL RESOURCES, INCLUDING BENCH MARKING WITH OTHER SIMILAR ORGANIZATIONS TO ASCERTAIN THE COMPENSATION OF THE CEO. THE DETERMINATION OF THE EXECUTIVE COMMITTEE IS THEN SHARED WITH THE BOARD OF DIRECTORS. FOR ALL OTHER OFFICERS, AN EVALUATION IS DONE BY THE CEO. AN EVALUATION OF EACH OFFICER'S WORK PERFORMANCE IS ASSESSED ON AN ANNUAL BASIS. SALARY LEVELS FOR ALL OFFICERS ARE DETERMINED BY REVIEW OF EXTERNAL SALARY GUIDES OF SIMILAR ORGANIZATIONS COUPLED WITH THE OFFICER'S CERTIFICATION, EXPERIENCE AND PERFORMANCE LEVELS. THIS PROCESS WAS LAST PERFORMED TOWARDS THE END OF THE CURRENT FISCAL YEAR.
FORM 990, PART VI, SECTION C, LINE 19DOCUMENTS ARE PROVIDED 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.

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