2023-05-15T20:19:17-05:00 2022-06-30 271728945 PKF O'CONNOR DAVIES ADVISORY LLC 245 PARK AVENUE 12TH FLOOR NEW YORK NY 10167 990 2021-07-01 331174065 PROSPECT SCHOOLS INC PROS 7186431086 397 BRIDGE STREET 9TH FLOOR BROOKLYN NY 11201 HILLARY PRINCE CFO 7186431086 2023-05-15 1 HILLARY PRINCE XXX-XX-XXXX GARRETT M HIGGINS P00543209 2122862600 2023-05-15 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z X HILLARY PRINCE 397 BRIDGE STREET 9TH FLOOR BROOKLYN NY 11201 6592491 0 X N/A X 2007 NY TO PROVIDE COMPREHENSIVE MANAGEMENT SERVICES TO BROOKLYN PROSPECT CHARTER SCHOOL AND TO RAISE FUNDS IN SUPPORT OF THE SCHOOL. 6 6 65 13 0 0 1677522 354229 4495198 6225672 1681 784 39517 7336 6213918 6588021 531267 384928 0 0 4625947 5256624 0 0 277123 1182778 1704647 6339992 7346199 -126074 -758178 3261917 2420982 368172 285415 2893745 2135567 TO PROVIDE COMPREHENSIVE MANAGEMENT SERVICES TO THE BROOKLYN PROSPECT CHARTER SCHOOL AND OTHER POTENTIAL SCHOOLS IN ITS NETWORK AND TO RAISE FUNDS IN SUPPORT OF NEW YORK CHARTER SCHOOLS. 0 0 6034041 384928 6225672 PROSPECT SCHOOLS, INC. WAS FORMED ON JUNE 4, 2007 UNDER THE LAWS OF NEW YORK. THE ORGANIZATION PROVIDES COMPREHENSIVE MANAGEMENT SERVICES AND RAISES FUNDS TO SUPPORT BROOKLYN PROSPECT CHARTER SCHOOL, AN EDUCATIONAL CORPORATION THAT OPERATES THREE CHARTER SCHOOLS IN THE BOROUGH OF BROOKLYN, NY. 6034041 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 23 0 65 1 0 0 0 0 0 0 0 0 0 0 0 0 X 6 6 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X X HILLARY PRINCE 7186431086 397 BRIDGE STREET 9TH FLOOR BROOKLYN NY 11201 KATE WALKER BOARD CHAIR 1.00 X X 0 0 0 KEVIN MOLE TREASURER 1.00 X X 0 0 0 ELIZABETH VARLEY CAMP SECRETARY 1.00 X X 0 0 0 STEPHEN BAILEY TRUSTEE 1.00 X 0 0 0 JENNIFER BENN TRUSTEE 1.00 X 0 0 0 PENNY MARZULLI TRUSTEE 1.00 X 0 0 0 ELAINE PEREZ CHIEF OPERATING OFFICER (THRU OCT 2021) 50.00 X 193491 0 20393 JONATHAN MCINTOSH CHIEF ACADEMIC OFFICER 50.00 X 179857 0 43159 TRESHA WARD CHIEF EXECUTIVE OFFICER 50.00 X 188337 0 8939 HILLARY PRINCE CHIEF FINANCIAL OFFICER 50.00 X 182898 0 13581 CAROLYN MICHAEL DIRECTOR OF TEACHING & LEARNING 50.00 X 105821 0 34095 850404 0 120167 5 0 1 0 UNDERDOG STRATEGIES 12 SAMOSET ROAD DUBURY MA 02332 BUSINESS CONSULTING 145632 MATTHEW LEVY 401 EAST 65TH STREET NEW YORK NY 10065 BUSINESS CONSULTING 122000 2 51407 302822 354229 MANAGEMENT FEES 541610 6225672 6225672 6225672 784 784 0 51407 4470 -4470 -4470 OTHER INCOME 900099 11796 11796 REFUND 900099 10 10 11806 6588021 6225672 0 8120 384928 384928 915906 549543 274772 91591 3430877 2823220 505172 102485 111351 91439 16526 3386 468333 369823 79624 18886 330157 256944 58714 14499 12042 11440 602 19000 19000 648102 614470 31307 2325 161149 161149 120176 101346 8873 9957 98679 91865 3712 3102 214482 193034 10724 10724 4974 4476 249 249 791 791 555 499 28 28 7218 6496 361 361 5050 5050 STAFF MEALS AND EVENTS 242988 218690 12149 12149 PROFESSIONAL DEVELOP. 147616 132854 7381 7381 CLASSROOM SUPPLIES 21825 21825 7346199 6034041 1035035 277123 260509 72463 2893154 1997974 4500 0 7455 27543 86262 17952 34146 68310 62153 254692 3261917 2420982 54867 134192 244000 0 69305 151223 368172 285415 X 2657828 2087292 235917 48275 2893745 2135567 3261917 2420982 -758178 0 X X 0 1 X 1 0 X 1288473 1394963 3128718 1677522 354229 7843905 3418397 3890931 4495198 6225672 18030198 1288473 4813360 7019649 6172720 6579901 25874103 1035000 902356 2720000 833970 152674 5644000 0 1035000 902356 2720000 833970 152674 5644000 20230103 917 1319 1284 1681 784 5985 917 1319 1284 1681 784 5985 77075 77075 5250 18960 40432 11806 76448 1371715 4814679 7039893 6214833 6592491 26033611 0.77710 0.67890 0.00020 0.00030 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2017 AMOUNT: $ 5,250. 2019 AMOUNT: $ 1,350. 2020 AMOUNT: $ 11,790. 2021 AMOUNT: $ 11,796. REFUNDS - 2019 AMOUNT: $ 17,610. 2020 AMOUNT: $ 28,642. 2021 AMOUNT: $ 10. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 18338 6255 12083 67924 11697 56227 68310 SECURITY DEPOSIT 254692 254692 PAYCHECK PROTECTION PROGRAM LOAN 53135 DUE TO AFFILIATES 98088 151223 X 6592491 4470 4470 6588021 0 6588021 7350669 4470 4470 7346199 0 7346199 PART X, LINE 2: PROSPECT RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT PROSPECT HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. PROSPECT IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR YEARS PRIOR TO JUNE 30, 2019. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNRAISING EXPENSES REPORTING ON PART VIII 4,470. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNRAISING EXPENSES REPORTING ON PART VIII 4,470. VIRTUAL BENEFIT 51407 51407 4470 51407 51407 4470 4470 -4470 1 BROOKLYN PROSPECT CHARTER SCHOOL 355 BRIDGE STREET BROOKLYN NY 11201 263206518 501(C)(3) 384928 0 GENERAL SUPPORT OF SCHOOL OPERATIONS 1 0 PART I, LINE 2: THE ORGANIZATION WAS ESTABLISHED TO RAISE FUNDS IN SUPPORT OF THE OPERATIONS OF BROOKLYN PROSPECT CHARTER SCHOOL. EACH YEAR, THE MONEY RAISED AS PART OF THE ORGANIZATION'S ANNUAL FUND IS DONATED TO BROOKLYN PROSPECT CHARTER SCHOOL TO BE SPENT ON GENERAL OPERATING EXPENSES OF THE SCHOOL. THE USE OF THE FUNDS IS MONITORED THROUGH THE CLOSE RELATIONSHIP BETWEEN THE ORGANIZATIONS. X X X X 1 0 0 0 0 0 0 0 0 JONATHAN MCINTOSH CHIEF ACADEMIC OFFICER 179857 0 0 0 0 0 3465 0 39694 0 223016 0 0 0 ELAINE PEREZ CHIEF OPERATING OFFICER (THRU OCT 2021) 133541 0 0 0 59950 0 2756 0 17637 0 213884 0 0 0 TRESHA WARD CHIEF EXECUTIVE OFFICER 173337 0 15000 0 0 0 6800 0 2139 0 197276 0 0 0 HILLARY PRINCE CHIEF FINANCIAL OFFICER 182898 0 0 0 0 0 4592 0 8989 0 196479 0 0 0 PART I, LINE 4A ELAINE PEREZ, CHIEF OPERATING OFFICER, RECEIVED A SEVERANCE PAYMENT IN THE AMOUNT OF $59,950 IN 2021. THE AMOUNT IS INCLUDED IN PART II, COLUMN (B)(III). FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY MANAGEMENT AND A COMPLETE COPY OF THE RETURN IS PROVIDED TO THE ENTIRE BOARD OF TRUSTEES FOR APPROVAL PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A CONFLICT OF INTEREST POLICY APPLICABLE TO TRUSTEES, OFFICERS, AND KEY PERSONS. UPON ELECTION OR APPOINTMENT, AND ON AN ANNUAL BASIS THEREAFTER, COVERED PERSONS MUST COMPLETE A CONFLICT OF INTEREST DISCLOSURE FORM AND MUST SIGN A STATEMENT, WHICH AFFIRMS THAT SUCH PERSON HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, HAS READ AND UNDERSTANDS THE POLICY, AND HAS AGREED TO COMPLY WITH THE POLICY. THE WRITTEN DISCLOSURE STATEMENTS ARE SUBMITTED TO AND REVIEWED BY THE CHAIRPERSON OF THE BOARD. IF A POTENTIAL CONFLICT ARISES BETWEEN ANNUAL UPDATES, THE PERSON INVOLVED HAS A DUTY TO PROMPTLY DISCLOSE ALL MATERIAL FACTS PERTAINING TO A POTENTIAL CONFLICT OF INTEREST. DETERMINATIONS REGARDING CONFLICT MATTERS ARE TO BE MADE BY THE BOARD OF TRUSTEES BY MAJORITY VOTE. AT THE TIME OF ANY DELIBERATION CONCERNING CONFLICTS OF INTEREST THE PERSON INVOLVED MUST NOT BE PRESENT, UNLESS ASKED TO PROVIDE ADDITIONAL INFORMATION, AND SUCH PERSON MAY NOT VOTE ON THE MATTER. THE EXISTENCE AND RESOLUTION OF ANY REPORTED CONFLICTS OF INTEREST ARE DOCUMENTED IN THE BOARD MINUTES. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF THE CHIEF EXECUTIVE OFFICER AND OTHER OFFICERS OF THE ORGANIZATION WAS BASED ON REVIEW OF COMPARABILITY DATA PROVIDED BY THE DEPARTMENT OF EDUCATION, INCLUDING SALARY SURVEYS. THE EXECUTIVE COMMITTEE AND THE BOARD OF TRUSTEES REVIEWED, DETERMINED AND LAST APPROVED COMPENSATION IN 2022. THE DISCUSSIONS AND DELIBERATIONS WERE DOCUMENTED IN THE COMMITTEE MINUTES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FORM 990, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST AT 397 BRIDGE STREET, 9TH FLOOR BROOKLYN, NY 11201, OR BY CALLING THE ORGANIZATION DIRECTLY AT (718) 643-1086. IN ADDITION, THE FORM 990 IS AVAILABLE ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A COMMITTEE THAT IS RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.