2022-05-16T21:34:59-05:00 2021-06-30 271728945 PKF O'CONNOR DAVIES LLP 245 PARK AVENUE 12TH FLOOR NEW YORK NY 10167 990 2020-07-01 331174065 PROSPECT SCHOOLS INC PROS 7186431086 355 BRIDGE STREET BROOKLYN NY 11201 KATE WALKER BOARD CHAIR 7186431086 2022-05-16 1 KATE WALKER 999009999 GARRETT M HIGGINS P00543209 2122862600 2022-05-14 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z KATE WALKER 355 BRIDGE STREET BROOKLYN NY 11201 6214833 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. 5 5 52 10 0 0 3128718 1677522 3890931 4495198 1284 1681 18960 39517 7039893 6213918 263606 531267 0 0 4696713 4625947 0 0 235268 997127 1182778 5957446 6339992 1082447 -126074 3820756 3261917 800937 368172 3019819 2893745 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 5320869 531267 4495198 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. 5320869 1 1 0 0 0 0 0 0 0 0 1 0 0 0 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 17 0 52 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 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 355 BRIDGE STREET BROOKLYN NY 11201 DANIEL RUBENSTEIN CHIEF EXECUTIVE OFFICER 50.00 X 213728 0 35459 JONATHAN MCINTOSH CHIEF ACADEMIC OFFICER 50.00 X 153962 0 40488 HILLARY PRINCE CHIEF FINANCIAL OFFICER 50.00 X 159433 0 4769 PENELOPE MARZULLI DEPUTY EXECUTIVE OFFICER 50.00 X 121728 0 27577 ELAINE PEREZ CHIEF OPERATING OFFICER 50.00 X 120000 0 25137 ASHLEY PLATT DIRECTOR OF NETWORK OPERATIONS 50.00 X 104983 0 11202 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 873834 0 144632 6 0 1 0 UNDERDOG STRATEGIES 12 SAMOSET ROAD DUBURY MA 02332 BUSINESS CONSULTING 145048 1 20359 653247 1003916 1677522 MANAGEMENT FEES 541610 4495198 4495198 4495198 1681 1681 0 20359 915 -915 -915 REFUND 900099 28642 28642 OTHER INCOME 900099 11790 11790 40432 6213918 4495198 0 41198 531267 531267 929862 557917 278959 92986 2973906 2558509 329891 85506 34844 31514 2749 581 373814 316966 44832 12016 313521 251905 47724 13892 3479 3304 175 16000 16000 536171 508482 25874 1815 54322 54322 115016 97115 10529 7372 79625 73271 3338 3016 201776 181598 10089 10089 1499 1349 75 75 2915 2000 915 5177 4659 259 259 7021 6319 351 351 3700 3700 PROFESSIONAL DEVELOP. 76530 68878 3826 3826 STAFF MEALS AND EVENTS 41909 38542 2141 1226 MAINTENANCE SUPPLIES 26868 24182 1343 1343 CLASSROOM SUPPLIES 10770 10770 6339992 5320869 783855 235268 460553 260509 3224120 2893154 0 4500 0 0 5000 7455 44880 10734 29377 34146 101706 62153 3820756 3261917 24138 54867 0 244000 776799 69305 800937 368172 X 1308902 2657828 1710917 235917 3019819 2893745 3820756 3261917 -126074 0 X X 0 1 X 1 0 X 1316261 1288473 1394963 3128718 1677522 8805937 3418397 3890931 4495198 11804526 1316261 1288473 4813360 7019649 6172720 20610463 1025000 1035000 902356 2720000 833970 6516326 0 1025000 1035000 902356 2720000 833970 6516326 14094137 1022 917 1319 1284 1681 6223 1022 917 1319 1284 1681 6223 77075 77075 405 5250 18960 40432 65047 1317688 1371715 4814679 7039893 6214833 20758808 0.67890 0.27210 0.00030 0.00000 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2016 AMOUNT: $ 405. 2017 AMOUNT: $ 5,250. 2019 AMOUNT: $ 1,350. 2020 AMOUNT: $ 11,790. REFUNDS - 2019 AMOUNT: $ 17,610. 2020 AMOUNT: $ 28,642. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 14106 3010 11096 30774 7724 23050 34146 PAYCHECK PROTECTION PROGRAM LOAN 69305 69305 X 6214833 915 915 6213918 0 6213918 6340907 915 915 6339992 0 6339992 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, 2018. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNRAISING EXPENSES REPORTING ON PART VIII 915. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNRAISING EXPENSES REPORTING ON PART VIII 915. VIRTUAL BENEFIT 20359 20359 915 20359 20359 915 915 -915 1 BROOKLYN PROSPECT CHARTER SCHOOL 355 BRIDGE STREET BROOKLYN NY 11201 263206518 501(C)(3) 531267 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 0 0 0 0 0 0 0 0 0 DANIEL RUBENSTEIN CHIEF EXECUTIVE OFFICER 213728 0 0 0 0 0 6739 0 28720 0 249187 0 0 0 JONATHAN MCINTOSH CHIEF ACADEMIC OFFICER 153962 0 0 0 0 0 4951 0 35537 0 194450 0 0 0 HILLARY PRINCE CHIEF FINANCIAL OFFICER 159433 0 0 0 0 0 3215 0 1554 0 164202 0 0 0 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 2021. 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 355 BRIDGE STREET, 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.