2025-05-14T11:03:52-05:00 2024-06-30 042571780 AAFCPAS INC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2023-07-01 813286453 CAMDEN PREP FOUNDATION INC CAMD 6467742150 100 CHURCH STREET 9TH FLOOR NEW YORK NY 10007 JOHN POWELL CFO 6467742150 2025-05-12 1 1 CAITLIN LIMOGES CPA P01633588 5083669100 2025-05-12 2023 2025-03-06 01:10:19Z X JOHN POWELL 100 CHURCH STREET 9TH FLOOR NEW YORK NY 10007 7263717 0 X WWW.UNCOMMONSCHOOLS.ORG X 2016 NJ CAMDEN PREP FOUNDATION WAS FORMED TO SUPPORT CAMDEN PREP INC. OF CAMDEN, BOTH OPERATIONALLY AND IN CONNECTION WITH THE ACQUISITION AND DEVELOPMENT OF FACILITIES. 6 3 0 3 0 0 1221500 945313 3019358 5333364 1232864 926048 8518 58992 5482240 7263717 791500 945313 0 0 0 0 0 0 0 3706463 6071532 4497963 7016845 984277 246872 124498855 119037645 110857492 105149410 13641363 13888235 CAMDEN PREP FOUNDATION WAS FORMED TO SUPPORT CAMDEN PREP INC. OF CAMDEN, BOTH OPERATIONALLY AND IN CONNECTION WITH THE ACQUISITION AND DEVELOPMENT OF FACILITIES. 0 0 7016845 945313 5392356 EXPENSES INCURRED IN SUPPORTING CAMDEN PREP CHARTER SCHOOL OF CAMDEN. PLEASE REFER TO FORM 990, PART III, LINE 1, FOR THE ORGANIZATION'S MISSION. 7016845 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 16 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 6 3 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NJ X JOHN POWELL 6467742150 100 CHURCH STREET 9TH FLOOR NEW YORK NY 10007 BRETT PEISER DIRECTOR / CEO 1.00 47.00 X X 0 664917 47342 JOHN POWELL SENIOR VICE PRESIDENT 1.00 45.00 X X 0 200859 3526 PEGGY LIAO SENIOR VICE PRESIDENT 1.00 44.00 X X 0 75989 2637 NORMAN ATKINS DIRECTOR 1.00 7.00 X 0 0 0 YVONNE CHAO DIRECTOR 1.00 2.00 X 0 0 0 BROOKE REID DIRECTOR 1.00 1.00 X 0 0 0 0 941765 53505 0 0 1 0 TORCON INC 328 NEWMAN SPRINGS ROAD RED BANK NJ 07701 CONSTRUCTION SERVICES 18946057 DBI PROJECTS LLC 1261 BROADWAY NEW YORK NY 10001 PROJECT MANAGEMENT 392514 DIGSAU LLC 340 N 12TH STREET SUITE 421 PHILADELPHIA PA 19107 ARCHITECTURAL SERVICES 226830 ENVIRONMENTAL LOGIC LLC 11 PRINCESS ROAD SUITE B LAWRENCEVILLE NJ 08648 ENVIRONMENTAL SERVICES 201515 NDURA LLC DBA NATIONWIDE COMMERCIAL INDU 91 CABOT STREET WEST BABYLON NY 11704 POLISH CONCRETE CONTRACTORS 196648 5 945313 945313 RENTAL INCOME 531110 5134008 5134008 MANAGEMENT FEES 900099 199356 199356 5333364 926048 926048 AMORTIZATION DISCOUNT 900099 58992 58992 58992 7263717 5392356 0 926048 945313 945313 238910 238910 11025 11025 635 635 2998184 2998184 2793723 2793723 MISCELLANEOUS 29055 29055 7016845 7016845 0 0 1754287 1849196 213830 132904 112085331 9852583 62485490 102232748 60045248 14822797 124498855 119037645 1103947 1100454 1283502 34594831 35720046 73875212 68328910 110857492 105149410 X 13641363 13888235 13641363 13888235 124498855 119037645 246872 0 X X 0 1 X 1 0 X 585530 13358586 1221500 945313 16110929 585530 13358586 1221500 945313 16110929 16110929 142783 42942 67330 1232864 926048 2411967 18522896 16232474 0.86980 0.90610 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3250000 3250000 73760119 6404105 67356014 33741563 3289710 30451853 1333649 158768 1174881 102232748 RESTRICTED DEPOSITS 13239811 CONSTRUCTION IN PROCESS 1119896 DUE FROM RELATED PARTIES 463090 14822797 DUE TO RELATED PARTIES 553786 NOTES PAYABLE TO RELATED PARTIES 66566881 CONSTRUCTION PAYABLES 1208243 68328910 X PART X, LINE 2: THE ORGANIZATION ACCOUNTS FOR THE UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ASC TOPIC, INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE CONSOLIDATED FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE ORGANIZATION HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS AT JUNE 30, 2024. 1 CAMDEN PREP 1650 COPEWOOD STREET CAMDEN NJ 08103 471221222 945313 0 TO FUND PROGRAMS OF THE SCHOOL 1 PART I, LINE 2: THE USE OF GRANT FUNDS ARE MONITORED BY UNCOMMON SCHOOLS, INC.'S FINANCE PERSONNEL AS THEY MANAGE THE ACCOUNTING RECORDS OF THE PARTIES LISTED ON PART II. 0 0 0 0 0 0 0 0 0 BRETT PEISER DIRECTOR / CEO 0 664917 0 0 0 0 0 25500 0 21842 0 712259 0 0 JOHN POWELL SENIOR VICE PRESIDENT 0 200859 0 0 0 0 0 3500 0 26 0 204385 0 0 PART I, LINE 3 THREE OF CAMDEN PREP FOUNDATION, INC.'S DIRECTORS AND/OR OFFICERS ARE EMPLOYEES OF UNCOMMON SCHOOLS, INC, (SEE SCHEDULE R). THESE INDIVIDUALS ARE COMPENSATED ONLY FOR THEIR EMPLOYMENT SERVICES TO UNCOMMON SCHOOLS, INC. THE COMPENSATION IS PAID ONLY BY UNCOMMON SCHOOLS, INC. UNCOMMON SCHOOLS INC.'S BOARD OF DIRECTORS HAS A COMPENSATION COMMITTEE. THE COMPENSATION COMMITTEE COMPLETES A COMPARATIVE ANALYSIS OF SIMILAR ORGANIZATIONS WHICH IT USES AS GUIDANCE WHEN IT REVIEWS AND APPROVES THE COMPENSATION AND BENEFITS OF SENIOR MANAGEMENT. THE COMPENSATION COMMITTEE REVIEWS THE "TOTAL COMPENSATION" OF THE INDIVIDUALS WHICH INCLUDES BOTH CURRENT AND DEFFERRED COMPENSATION AND ALL EMPLOYEE BENEFITS, BOTH QUALIFIED AND UNQUALIFIED. THE COMPENSATION COMMITTEE'S REVIEW IS COMPLETED ON A REGULAR BASIS AND ENSURES THAT THE "TOTAL COMPENSATION" OF SENIOR MANAGEMENT IS REASONABLE. THE ACTIONS TAKEN BY THE COMPENSATION COMMITTEE ENABLE UNCOMMON SCHOOLS, INC. TO RECEIVE THE REBUTTABLE PRESUMPTION OF REASONABLENESS FOR PURPOSES OF INTERNAL REVENUE CODE 4958 WITH RESPECT TO THE TOTAL COMPENSATION OF CERTAIN MEMBERS OF THE SENIOR MANAGEMENT TEAM. THE THREE FACTORS WHICH MUST BE SATISFIED IN ORDER TO RECEIVE THE REBUTTABLE PRESUMPTION OF REASONABLENESS ARE THE FOLLOWING: 1. THE COMPENSATION ARRANGEMENT IS APPROVED IN ADVANCE BY AN "AUTHORIZED BODY" OF THE APPLICABLE TAX-EXEMPT ORGANIZATION WHICH IS COMPOSED ENTIRELY OF INDIVIDUALS WHO DO NOT HAVE A "CONFLICT OF INTEREST" WITH RESPECT TO THE COMPENSATION ARRANGEMENT. 2. THE "AUTHORIZED BODY" OBTAINED AND RELIED UPON "APPROPRIATE DATA AS TO COMPARABILITY" PRIOR TO MAKING ITS DETERMINATION; AND 3. THE "AUTHORIZED BODY" "ADEQUATELY DOCUMENTED THE BASIS FOR ITS DETERMINATION" CONCURRENTLY WITH MAKING THAT DETERMINATION. THE COMPENSATION COMMITTEE IS COMPRISED OF MEMBERS OF THE BOARD OF TRUSTEES/DIRECTORS OF UNCOMMON SCHOOLS, INC. EACH OF WHOM ARE INDEPENDENT AND ARE FREE FROM ANY CONFLICTS OF INTEREST. THE COMPENSATION COMMITTEE ADEQUATELY DOCUMENTED ITS BASIS FOR ITS DETERMINATION THROUGH THE TIMELY PREPARATION OF WRITTEN MINUTES OF THE COMPENSATION COMMITTEE'S MEETINGS WHICH THE EXECUTIVES' COMPENSATION AND BENEFITS WERE REVIEWED AND SUBSEQUENTLY APPROVED. THE ACTIONS OUTLINED ABOVE WITH RESPECT TO THE COMPENSATION COMMITTEE AND THE ESTABLISHMENT OF THE REBUTTABLE PRESUMPTION OF REASONABLENESS ONLY APPLIES TO CERTAIN SENIOR MANAGEMENT PERSONNEL OF UNCOMMON SCHOOLS, INC. A CAMDEN COUNTY IMPROVEMENT AUTHORITY 222681222 13281UAA4 2022-04-01 33415000 FINANCING THE CONSTRUCTION OF REAL PROPERTY 0 1 0 A 34594831 2020377 417687 32156767 2024 0 0 0 1 A 0 0 0 0 0 0 0 A 0 1 0 0 0 0 0 0 1 A 1 FORM 990, PART VI, SECTION A, LINE 7A TWO-THIRDS OF THE DIRECTORS OF CAMDEN PREP FOUNDATION ARE APPOINTED BY THE BOARD OF TRUSTEES OF UNCOMMON SCHOOLS, INC. IN ADDITION, AS VACANCIES ARISE ON THE CAMDEN PREP FOUNDATION BOARD, THE BOARD OF TRUSTEES OF UNCOMMON SCHOOLS, INC. HAS THE RIGHT TO APPOINT THE DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE FEDERAL FORM 990 WAS PROVIDED TO THE BOARD OF DIRECTORS OF CAMDEN PREP FOUNDATION, INC. FOR REVIEW BY ITS MEMBERS PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REGULARLY MONITORS AND ENFORCES COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY. ANNUALLY ALL MEMBERS OF THE BOARD OF DIRECTORS, OFFICERS, KEY EMPLOYEES AND SENIOR MANAGEMENT PERSONNEL COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE. THE COMPLETED QUESTIONNAIRES ARE RETURNED TO THE ORGANIZATION'S SENIOR VICE PRESIDENT FOR REVIEW. THEREAFTER, IF ANY CONFLICTS ARE IDENTIFIED, THE SENIOR VICE PRESIDENT PREPARES A SUMMARY OF THE COMPLETED QUESTIONNAIRES FOR REVIEW WITH THE BOARD OF DIRECTORS. WHEN NECESSARY, PROCEDURES ARE CREATED FOR ADDRESSING ANY IDENTIFIED CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION C, LINE 19 CAMDEN PREP FOUNDATION, INC'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND CONSOLIDATED FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC. FORM 990, PART XII, LINE 2C: THE ORGANIZATION DID NOT CHANGE THE OVERSIGHT PROCESS DURING THE TAX YEAR. 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