2025-05-15T19:56:17-05:00 2024-06-30 331374517 PKF O'CONNOR DAVIES ADVISORY LLC 300 TICE BOULEVARD SUITE 315 WOODCLIFF LAKE NJ 07677 990 2023-07-01 263206518 BROOKLYN PROSPECT CHARTER SCHOOL BROO 7186431086 397 BRIDGE STREET 9TH FLOOR BROOKLYN NY 11201 GRAVELLE PIERRE BOARD CHAIR 7186431086 2025-05-15 1 1 SACHA RICHARDS P01378509 2017129800 2025-05-15 2023 2025-03-06 01:10:19Z GRAVELLE PIERRE 397 BRIDGE STREET 9TH FLOOR BROOKLYN NY 11201 68150953 0 X WWW.BROOKLYNPROSPECT.ORG X 2008 NY OUR SCHOOL PREPARES STUDENTS FOR SUCCESS AS GLOBAL CITIZENS. 10 10 485 45 0 0 4252360 4828143 55747569 62967019 149555 243746 303727 112045 60453211 68150953 0 0 0 0 35560515 36358115 0 0 300692 29540178 32404045 65100693 68762160 -4647482 -611207 216737698 266566907 207585380 258525796 9152318 8041111 X SERVING KINDERGARTEN THROUGH TWELFTH GRADE, BROOKLYN PROSPECT PAIRS STUDENTS WITH EXCELLENT TEACHERS IN A COLLEGE PREPARATORY ENVIRONMENT USING THE INTERNATIONAL BACCALAUREATE PROGRAM. WE PREPARE STUDENTS TO BECOME GLOBAL CITIZENS AND HELP THEM TO DEVELOP THE LOVE OF LEARNING THAT PROVIDES THE FOUNDATION FOR LIFELONG PERSONAL AND ACADEMIC SUCCESS. 0 0 57992128 0 62967019 BROOKLYN PROSPECT CHARTER SCHOOL IS AN EDUCATIONAL CORPORATION THAT OPERATES SEVEN CHARTER SCHOOLS IN THE BOROUGH OF BROOKLYN, NEW YORK. AT BROOKLYN PROSPECT, WE BELIEVE THAT FAMILIES SHOULDN'T HAVE TO CHOOSE BETWEEN STRONG ACADEMICS AND A DIVERSE COMMUNITY. AT THE HEART OF OUR PROGRAM ARE THREE COMMITMENTS: DIVERSITY, WORLD-CLASS ACADEMICS, AND EXCELLENT TEACHING. FOR THE 2023-2024 SCHOOL YEAR, WE SERVED 2,432 STUDENTS IN GRADES KINDERGARTEN THROUGH 12TH GRADE. 57992128 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 100 0 485 1 0 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 X HILLARY PRINCE 7186431086 397 BRIDGE STREET 9TH FLOOR BROOKLYN NY 11201 X GRAVELLE PIERRE BOARD CHAIR 4.00 X X 0 0 0 MAYA PETROCELLI SECRETARY 1.00 X X 0 0 0 SAGAR DESAI TREASURER 1.00 X X 0 0 0 JULIET CULLEN-CHEUNG TRUSTEE 1.00 X 0 0 0 SARA KEENAN TRUSTEE 1.00 X 0 0 0 SAM KOCH TRUSTEE 1.00 X 0 0 0 ANGELA KURZAWA TRUSTEE 1.00 X 0 0 0 MICHELLE RAMIREZ TRUSTEE THRU 9/2023 1.00 X 0 0 0 JOANNE GARCE-RODRIGUEZ TRUSTEE 1.00 X 0 0 0 ANTOINETTE KORAM CHUKUDEBELU TRUSTEE 1.00 X 0 0 0 THERESA SANCHEZ TRUSTEE 1.00 X 0 0 0 EMILY CARROLL-CHOCOLAAD PRINCIPAL 40.00 X 157286 0 32117 DANA MULWANDA PRINCIPAL 40.00 X 133670 0 46652 MATTHEW ELLIS PRINCIPAL 40.00 X 149614 0 13553 FOLAKE AKINOLA-PINARD PRINCIPAL 40.00 X 153654 0 28860 WENDELL CHEUNG PRINCIPAL 40.00 X 155868 0 17133 750092 0 138315 31 0 1 0 PROSPECT SCHOOLS INC 397 BRIDGE STREET 9TH FLOOR BROOKLYN NY 11201 MANAGEMENT SERVICES 8273323 TALISEN CONSTRUCTION CORPORATION 213 WEST 35TH STREET NEW YORK NY 10001 CONSTRUCTION SERVICES 489378 CHARTER TECHNOLOGY SOLUTIONS 132 32ND STREET SUITE 310 BROOKLYN NY 11232 IT SERVICES 278741 KOKUA EDUCATION INC PO BOX 732697 DALLAS TX 75373 TEMPORARY HIRING AGENCY 195083 INSIGHT PUBLIC SECTOR INC 2701 E INSIGHT WAY CHANDLER AZ 85286 IT SOLUTIONS 153690 9 4113998 714145 174163 4828143 GOV'T PER-PUPIL REVENUE 611110 49890758 49890758 GOV'T PER-PUPIL REV.- FACILITIES 611110 13073544 13073544 EXAM/OTHER PARENT PAYMENTS 611110 2717 2717 62967019 243746 243746 MISC REVENUE. 900099 93602 93602 REFUNDS 900099 16943 16943 VENDING 900099 1500 1500 112045 68150953 62967019 0 355791 29161759 27517557 1619208 24994 809388 763749 44945 694 3855453 3638054 214092 3307 2531515 2388770 140573 2172 8793151 3517260 5187960 87931 12597 12597 53457 53457 941928 789683 152173 72 626585 548072 78017 496 435250 420025 14996 229 17232111 16232949 983926 15236 10568 9968 591 9 353551 344061 9345 145 90245 90245 1410216 1410216 370008 370008 CURRICULUM & CLASSROOM 1111568 1111568 REPAIRS & MAINTENANCE 574375 574375 PARENT TEACHER ORGANIZA 165407 165407 PROFESSIONAL DEVELOP. 136037 136037 86991 86991 68762160 57992128 10469340 300692 165906 2345268 6184137 7792102 2228502 1728709 278368 100000 305426 30132 15153313 7635488 6822512 7517825 200752847 247052871 216737698 266566907 566895 672080 47779 0 2150000 1640000 204820706 256213716 207585380 258525796 X 9152318 8041111 9152318 8041111 216737698 266566907 X -611207 -500000 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7893707 3429675 4464032 3801714 2161731 1639983 3457892 2044082 1413810 7517825 RIGHT OF USE ASSETS 244236556 SECURITY DEPOSIT 2816315 247052871 LEASE LIABITIES 256048514 PAYCHECK PROTECTION PROGRAM LOAN 102975 DUE TO AFFILIATE 62227 256213716 X 68150953 0 68150953 0 68150953 69262160 500000 500000 68762160 0 68762160 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 YEARS PRIOR TO JUNE 30, 2021. PART XII, LINE 2D - OTHER ADJUSTMENTS: WRITE OFF SECURITY DEPOSITS 500,000. 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. PROV. 75-50 AND AS MODIFIED BY REV. PROC. 2019-22. 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 X X 0 0 0 0 0 0 0 1 0 EMILY CARROLL-CHOCOLAAD PRINCIPAL 157286 0 0 0 0 0 0 0 32117 0 189403 0 0 0 FOLAKE AKINOLA-PINARD PRINCIPAL 143654 0 10000 0 0 0 6397 0 22463 0 182514 0 0 0 DANA MULWANDA PRINCIPAL 128670 0 5000 0 0 0 5688 0 40964 0 180322 0 0 0 WENDELL CHEUNG PRINCIPAL 145868 0 10000 0 0 0 6352 0 10781 0 173001 0 0 0 MATTHEW ELLIS PRINCIPAL 144614 0 5000 0 0 0 3615 0 9938 0 163167 0 0 0 PART I, LINE 7 THE ORGANIZATION AWARDED DISCRETIONARY BONUSES TO PERSONS LISTED ON PART VII OF THE 990, AND IS REPORTED IN PART II, COLUMN B(II). X 174163 COST 0 0 0 0 FORM 990, PART VI, SECTION A, LINE 3 THE SCHOOL IS MANAGED BY PROSPECT SCHOOLS, INC. ("PROSPECT"), A CHARTER MANAGEMENT ORGANIZATION. PROSPECT OVERSEES THE SCHOOL IN THEIR DEVELOPMENT AND IMPLEMENTATION OF THEIR EDUCATIONAL AND INSTRUCTION PROGRAMS; SUPPORTS AND ASSISTS THE BUSINESS ADMINISTRATION OF THE SCHOOL; ASSISTS IN THE RECRUITMENT OF PERSONNEL AND PROVIDES HUMAN RESOURCES SERVICES; AND OVERSEES THE FINANCIAL SERVICES AND REPORTS FOR THE SCHOOL. FOR THE YEAR ENDED JUNE 30, 2024, THE SCHOOL PAID PROSPECT A MANAGEMENT FEE IN THE AMOUNT OF $8,793,151. THERE WERE NO BOARD MEMBERS OR EMPLOYEES COMPENSATED BY THE MANAGEMENT COMPANY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE BOARD CHAIR AND TREASURER. A COMPLETE COPY OF THE RETURN IS PROVIDED TO THE ENTIRE BOARD OF TRUSTEES FOR APPROVAL AFTER FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE SCHOOL 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 C, LINE 19 THE SCHOOL MAKES ITS FORM 990, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. IN ADDITION, THE FORM 990 IS AVAILABLE ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. FORM 990, PART XI, LINE 9: WRITE- OFF SECURITY DEPOSITS -500,000. FORM 990, PART XII, LINE 2C: THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES IS RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.