2022-04-28T14:27:57-05:00 2021-06-30 042571780 AAFCPAS INC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2020-07-01 813286453 CAMDEN PREP FOUNDATION INC CAMD 6467742150 55 BROAD STREET 3RD FLOOR NEW YORK NY 10004 BRETT PEISER CEO 6467742150 2022-04-19 1 BRETT PEISER XXX-XX-XXXX ANDREW R PURICELLI CPA P01633436 5083669100 2022-04-13 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z BRETT PEISER 55 BROAD STREET 3RD FLOOR NEW YORK NY 10004 3438441 0 X WWW.UNCOMMONSCHOOLS.ORG X 2016 NJ CAMDEN PREP FOUNDATION WAS FORMED TO SUPPORT CAMDEN PREP CHARTER SCHOOL OF CAMDEN, BOTH OPERATIONALLY AND IN CONNECTION WITH THE ACQUISITION AND DEVELOPMENT OF FACILITIES. 3 2 0 2 0 0 0 585530 2005228 2794192 142783 42942 16148 15777 2164159 3438441 0 0 0 0 0 0 0 0 0 1626317 3051147 1626317 3051147 537842 387294 72230329 78368250 72272662 78023289 -42333 344961 CAMDEN PREP FOUNDATION WAS FORMED TO SUPPORT CAMDEN PREP CHARTER SCHOOL OF CAMDEN, BOTH OPERATIONALLY AND IN CONNECTION WITH THE ACQUISITION AND DEVELOPMENT OF FACILITIES. 0 0 3051147 2809969 EXPENSES INCURRED IN SUPPORTING CAMDEN PREP CHARTER SCHOOL OF CAMDEN. PLEASE REFER TO FORM 990, PART III, LINE 1, FOR THE ORGANIZATION'S MISSION. 3051147 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 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 11 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 2 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X BRETT PEISER 6467742150 55 BROAD STREET 3RD FLOOR NEW YORK NY 10004 BRETT PEISER DIRECTOR / CEO 1.00 46.00 X X 0 344977 22126 AHKILAH JOHNSON DIRECTOR (LEFT MAY 2021) 1.00 2.00 X 0 95183 3500 NORMAN ATKINS DIRECTOR 1.00 6.00 X 0 0 0 BROOKE REID DIRECTOR 1.00 2.00 X 0 0 0 0 440160 25626 0 0 1 0 HUNTER ROBERTS CONSTRUCTION GROUP 1717 ARCH STREET 34TH FLOOR PHILADELPHIA PA 19103 CONSTRUCTION SERVICES 988647 DBI PROJECTS LLC 1261 BROADWAY 9TH FLOOR NEW YORK NY 10001 CONSTRUCTION SERVICES 252913 1 585530 585530 RENTAL INCOME 531110 2671128 2671128 MANAGEMENT FEES 900099 123064 123064 2794192 42942 42942 MISCELLANEOUS 900099 15777 15777 15777 3438441 2809969 0 42942 123064 123064 21669 21669 3400 3400 1319973 1319973 1527697 1527697 MISCELLANEOUS 55344 55344 3051147 3051147 0 0 319289 6782911 162064 123064 69544350 3581071 34686580 65963279 37062396 5498996 72230329 78368250 120774 323501 72151888 77699788 72272662 78023289 X -42333 344961 -42333 344961 72230329 78368250 387294 0 X X 0 1 X 1 0 X 585530 585530 585530 585530 585530 74831 63259 84826 142783 42942 408641 994171 6194128 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2375000 2375000 33160697 2749328 30411369 33500104 759093 32741011 508549 72650 435899 65963279 RESTRICTED DEPOSITS 2926188 CONSTRUCTION IN PROCESS 2572808 5498996 DUE TO RELATED PARTIES 6225559 NOTES PAYABLE TO RELATED PARTIES 70853063 CONSTRUCTION PAYABLES 621166 77699788 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, 2021. 0 0 0 0 0 0 0 0 0 BRETT PEISER DIRECTOR / CEO 0 344477 0 500 0 0 0 3500 0 18626 0 367103 0 0 PART I, LINE 3 TWO OF CAMDEN PREP FOUNDATION, INC.'S DIRECTORS AND/OR OFFICERS ARE EMPLOYEES OF UNCOMMON SCHOOLS, INC, ONE DIRECTOR LEFT IN MAY 2021 (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 MEMBER 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. FORM 990, PART VI, SECTION A, LINE 7A TWO-THIRDS OF THE TRUSTEES 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 TWO OF THE THREE TRUSTEES. 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 CHIEF FINANCIAL OFFICER FOR REVIEW. THEREAFTER, IF ANY CONFLICTS ARE IDENTIFIED, THE CHIEF FINANCIAL OFFICER 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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