2022-05-12T09:14:33-05:00 2021-06-30 161092347 MENGEL METZGER BARR & CO LLP 100 CHESTNUT STREET SUITE 1200 ROCHESTER NY 14604 990 2020-07-01 201107218 PHAROS ACADEMY CHARTER SCHOOL PHAR 6469150025 1001 INTERVALE AVENUE BRONX NY 10459 JAVIER LOPEZ-MOLINA CHAIRMAN 6469150025 2022-05-10 1 JAVIER LOPEZ-MOLINA 999009999 MICHELLE CAIN P00150750 5854231860 2022-05-10 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z X JAVIER LOPEZ-MOLINA 1001 INTERVALE AVENUE BRONX NY 10459 14570250 0 X WWW.PHAROSACADEMIES.ORG X 2004 NY PHAROS ACADEMY CHARTER SCHOOL IS A K-12 PUBLIC CHARTER SCHOOL LOCATED IN THE LONGWOOD SECTION OF THE BRONX, NY. OUR MISSION IS TO DEVELOP SCHOLARS WHO COMMUNICATE WELL, ARE INTELLECTUALLY CURIOUS, AND SOLVE PROBLEMS USING DIFFERENT APPROACHES. WE ARE UNAPOLOGETICALLY COMMITTED TO EDUCATING BRONX KIDS AND WILL STOP AT NOTHING TO CLOSE ALL URBAN-EDUCATION GAPS. 9 9 131 9 0 0 1247885 2926424 11371501 11602062 62302 41764 0 0 12681688 14570250 0 0 0 0 8080776 8696036 0 0 0 4651217 4550803 12731993 13246839 -50305 1323411 17651522 10301398 10893730 2058666 6757792 8242732 X PHAROS ACADEMY CHARTER SCHOOL IS A K-12 PUBLIC CHARTER SCHOOL LOCATED IN THE LONGWOOD SECTION OF THE BRONX, NY. OUR MISSION IS TO DEVELOP SCHOLARS WHO COMMUNICATE WELL, ARE INTELLECTUALLY CURIOUS, AND SOLVE PROBLEMS USING DIFFERENT APPROACHES. WE ARE UNAPOLOGETICALLY COMMITTED TO EDUCATING BRONX KIDS AND WILL STOP AT NOTHING TO CLOSE ALL URBAN-EDUCATION GAPS. 0 0 12046454 11602062 EDUCATIONAL SERVICES - A CHARTER SCHOOL OFFERING CLASSES FROM KINDERGARTEN THROUGH TWELTH GRADE. THE SCHOOL HAD 655 STUDENTS ATTENDING DURING THE FISCAL YEAR ENDED JUNE 30, 2021. 12046454 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 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 1 0 0 0 1 16 0 131 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 1 1 0 0 0 0 1 0 0 0 1 1 1 1 1 0 1 1 0 X TRAVIS BROWN 6469150025 1001 INTERVALE AVENUE BRONX NY 10459 X SARAH JEAN-JACQUES SECRETARY 4.00 X X 0 0 0 ROBB GRANADO VICE CHAIRMAN 4.00 X X 0 0 0 JAVIER LOPEZ-MOLINA CHAIRMAN 4.00 X X 0 0 0 NIKALI JONES TRUSTEE 2.00 X 0 0 0 BRIAR THOMPSON TRUSTEE 2.00 X 0 0 0 STACY SUTHERLAND TRUSTEE 2.00 X 0 0 0 ALEXANDRA ABREU TRUSTEE 2.00 X 0 0 0 SARA MADAVO TREASURER 4.00 X X 0 0 0 TAHINA PEREZ TRUSTEE 2.00 X 0 0 0 TRAVIS BROWN PRINCIPAL 40.00 X 221498 0 16856 ADEBUNMI SAVAGE ASSISTANT PRINCIPAL 40.00 X 156863 0 3737 ERIN KIM DIRECTOR OF CURRICULUM AND 40.00 X 130432 0 12961 ELIZABETH PIERCE DIRECTOR OF CURRICULUM AND 40.00 X 128518 0 24365 CHRISSANDRA MOSBY DIRECTOR SCHOOL CULTURE 40.00 X 125108 0 3737 762419 0 61656 5 0 1 0 1005 INTERVALE AVENUE LLC 1005 INTERVALE AVE BRONX NY 10459 RENT 960875 LIGHTHOUSE ACADEMIES INC 29140 CHAPEL PARK DR BLDG 5A WESLEY CHAPEL FL 33543 MANAGEMENT FEES 870310 GENUINE FOOD LAB LLC PO BOX 96503 WASHINGTON DC 20090 STUDENT MEALS 313827 BLEEKER INC 117 W 17TH STREET SUITE 3B NEW YORK NY 10011 STAFF DEVELOPMENT 173106 CORTEVO TECHNOLOGIES LLC 8270 WOODLAND CENTER BLVD TAMPA FL 33614 COMPUTER SUPPORT 137663 3 481119 2358323 86982 50072 2926424 STUDENT ENROLLMENT FEES 611110 11588766 11588766 OTHER INCOME 611110 13296 13296 11602062 41764 41764 14570250 11602062 0 41764 230866 212397 18469 7056980 6475642 581338 101878 93231 8647 707814 632413 75401 598498 547953 50545 54583 36389 18194 12497 11247 1250 139173 125255 13918 6233 6233 874125 788240 85885 533610 480249 53361 90303 81272 9031 220042 198038 22004 493593 444575 49018 217269 217269 367155 367155 153410 153410 SUPPLIES AND EQUIPMENT 561353 561353 REPAIRS AND MAINTENANCE 473066 427359 45707 FIELD TRIPS AND OTHER A 138265 138265 OTHER 134277 126303 7974 81849 81849 13246839 12046454 1200385 0 3035693 2233984 709815 709301 380000 407511 825605 69295 109650 3089320 2191681 10445295 897639 2507056 2543008 96857 2982211 17651522 10301398 1256859 2001528 2503 8018924 1558306 57138 57138 10893730 2058666 X 6753186 8238126 4606 4606 6757792 8242732 17651522 10301398 X 1323411 -35429 196958 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 124220 10452 113768 2326448 1833738 492710 638652 347491 291161 897639 SECURITY DEPOSITS 47885 CASH IN ESCROW 71057 DUE FROM AFFILIATES 2804308 DEFERRED LEASE ASSET 58961 2982211 DUE TO AFFILIATES 57138 57138 X 15441259 -35429 585000 321438 871009 14570250 0 14570250 13510401 585000 585000 12925401 321438 321438 13246839 PART X, LINE 2: THE CHARTER SCHOOL, BPHC, AND BRONX SUPPORT CORPORATION ARE TAX-EXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND APPLICABLE STATE REGULATIONS AND, ACCORDINGLY, ARE EXEMPT FROM FEDERAL AND STATE TAXES ON INCOME. THE CHARTER SCHOOL, BPHC, AND BRONX SUPPORT CORPORATION FILE FORM 990 TAX RETURNS IN THE U.S. FEDERAL JURISDICTION. IN ADDITION, BPHC AND BRONX SUPPORT CORPORATION FILE A FORM CHAR 500 IN NEW YORK STATE. THE LLC IS A SINGLE MEMBER LLC AND IS DISREGARDED FOR TAX PURPOSES. THE TAX RETURNS FOR THE YEARS ENDED JUNE 30, 2018 THROUGH JUNE 30, 2021 ARE STILL SUBJECT TO POTENTIAL AUDIT BY THE IRS. MANAGEMENT OF THE CHARTER SCHOOL, BPHC, AND BRONX SUPPORT CORPORATION BELIEVE THEY HAVE NO MATERIAL UNCERTAIN TAX POSITIONS AND, ACCORDINGLY WILL NOT RECOGNIZE ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL INCOME FROM DISREGARDED ENTITY 321,438. PART XII, LINE 4B - OTHER ADJUSTMENTS: RENT PAID TO DISREGARDED ENTITY 321,438. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL RECRUITS BY WORD OF MOUTH IN THE COMMUNITY AND THROUGH THE DISTRIBUTION OF FLYERS IN THE NEIGHBORHOOD, WHICH INCLUDES THE RACIALLY NONDISCRIMINATORY POLICY. SCHEDULE E, PART I, LINE 6 FEDERAL AND NEW YORK STATE GOVERNMENT GRANTS ARE RECEIVED TO ENHANCE TEACHERS' SKILLS AND IMPROVE TECHNOLOGY. X X 0 0 0 0 0 0 0 0 0 TRAVIS BROWN PRINCIPAL 221498 0 0 0 0 0 9619 0 7237 0 238354 0 0 0 ADEBUNMI SAVAGE ASSISTANT PRINCIPAL 156863 0 0 0 0 0 0 0 3737 0 160600 0 0 0 ELIZABETH PIERCE DIRECTOR OF CURRICULUM AND 128518 0 0 0 0 0 21713 0 2652 0 152883 0 0 0 X 50072 FMV 0 0 0 FORM 990, PART VI, SECTION A, LINE 3 'THE SCHOOL HAD AN ACADEMIC AND BUSINESS SERVICE AGREEMENT WITH LIGHTHOUSE ACADEMIES, INC. TO PROVIDE THE FOLLOWING SERVICES (THE AGREEMENT HAS SINCE ENDED): A) PREPARE THE ANNUAL BUDGET AND REVIEW WITH THE BOARD B) PREPARE MONTHLY FINANCIAL STATEMENTS AND REVIEW WITH THE BOARD C) ESTABLISH, IMPLEMENT AND ANNUALLY EVALUATE EDUCATIONAL PROGRAM AND MAY CHANGE THE EDUCATIONAL MODEL D) DEVELOP PLAN AND CONDUCT PROFESSIONAL DEVELOPMENT FOR STAFF, ETC. THE MANAGEMENT COMPANY WAS PAID $63,108 FOR THE FISCAL YEAR ENDING JUNE 30, 2021. FORM 990, PART VI, SECTION A, LINE 4 EFFECTIVE JULY 1, 2020, THE CHARTER SCHOOL AMENDED ITS CHARTER AND CHANGED ITS NAME TO PHAROS ACADEMY CHARTER SCHOOL. THE CHARTER SCHOOL WAS PREVIOUSLY NAMED BRONX LIGHTHOUSE CHARTER SCHOOL. EFFECTIVE JAN 1, 2021, THE CHARTER SCHOOL TRANSFERED OWNERSHIP IN 1005 INTERVALE AVENUE, LLC TO BRONX SUPPORT CORPORATION, AN UNRELATED 501(C)(3). THE TRANSFER INCLUDED THE LAND AND BUILDING LOCATED AT 1005 INTERVALE AVE, ALONG WITH THE BONDS PAYABLE THAT WAS ASSOCIATED WITH THE PROPERTY. FORM 990, PART VI, SECTION A, LINE 8B THE SCHOOL DOES NOT HAVE COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE EXTERNAL FINANCE CONSULTANT, ALONG WITH THE SENIOR DIRECTOR OF OPERATIONS AND COMPLIANCE AT THE SCHOOL BEFORE BEING FORWARDED TO THE SCHOOL'S FINANCE COMMITTEE FOR THEIR REVIEW. IT IS THEN REVIEWED BY THE FULL BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE SCHOOL REQUIRES ALL BOARD MEMBERS TO FORMALLY DISCLOSE IN WRITING ANY CONFLICT OF INTEREST MATTERS. BOARD MEMBERS SUBMIT UPDATES TO THE CONFLICT OF INTEREST DECLARATION ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION B, LINE 15 DETERMINING THE COMPENSATION OF THE ORGANIZATION'S EXECUTIVE DIRECTOR INCLUDED REVIEW, DELIBERATION AND APPROVAL OF THE BOARD OF DIRECTORS, WITH COMPARISONS TO OTHER NON-PROFIT ORGANIZATIONS. THE PRINCIPALS ARE EVALUATED ANNUALLY BY LIGHTHOUSE ACADEMIES, INC.'S MANAGEMENT. COMPENSATION ADJUSTMENTS ARE APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 THE FINANCIAL STATEMENTS, EMPLOYEE HANDBOOK, FINANCIAL POLICIES AND PROCEDURES GUIDE, BRONX LIGHTHOUSE CHARTER SCHOOL MANUAL AND OTHER POLICIES (INVESTMENT, CONFLICT OF INTEREST, ETC) ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: TRANSFER OF INVESTMENT IN DISREGARDED ENTITY TO RELATED ENTITY 196,958. PART XII, LINE 2C EXPLANATION THIS PROCESS IS CONSISTENT WITH PRIOR YEARS. BLCS PROPERTY HOLDING COMPANY INC 1001 INTERVALE AVENUE BRONX NY 10459 450900484 PROPERTY HOLDING COMPANY NY 501(C)(2) PHAROS ACADEMY CHARTER SCHOOL 0 0 0 1 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 BLCS PROPERTY HOLDING COMPANY INC K 642876 COST BLCS PROPERTY HOLDING COMPANY INC D 57138 COST BLCS PROPERTY HOLDING COMPANY INC C 481119 COST