INTERNATIONAL LEADERSHIP CHARTER SCHOOL: Form 990, tax year 2020

View the entire original 990 at ProPublica ↗

Organization: INTERNATIONAL LEADERSHIP CHARTER SCHOOL (EIN 74-3161540)
Tax period: 2020-07-01 to 2021-06-30
Filed: 2022-04-28
IRS object ID: 202231189349300148
Schema version: 2020v4.2
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule B
Schedule D
Schedule E
Schedule J
Schedule K
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2022-04-28T11:53:19-05:00	ReturnTs
Tax Period End	2021-06-30	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	161092347	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	MENGEL METZGER BARR & CO LLP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	100 CHESTNUT STREET SUITE 1200	AddressLine1Txt
City	ROCHESTER	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	14604	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2020-07-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	743161540	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	INTERNATIONAL LEADERSHIP CHARTER	BusinessNameLine1Txt
Business Name Line2	HIGH SCHOOL	BusinessNameLine2Txt

Field	Value	IRS element (for citing)
Business Name Control	INTE	BusinessNameControlTxt
Phone	7185622300	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	3030 RIVERDALE AVENUE	AddressLine1Txt
City	BRONX	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	10463	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	DR ELAINE RUIZ LOPEZ	PersonNm
Person Title	CEO	PersonTitleTxt
Phone	7185622300	PhoneNum
Signature	2022-04-27	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	DR	PersonFirstNm
Person Last	ELAINE RUIZ LOPEZ	PersonLastNm

Field	Value	IRS element (for citing)
SSN	999009999	SSN

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	JACQUELINE B LEE CPA	PreparerPersonNm
PTIN	P00842765	PTIN
Phone	5854231860	PhoneNum
Preparation	2022-04-27	PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

Field	Value	IRS element (for citing)
Trusted Customer	2	TrustedCustomerCd
Authentication Assurance Level	AAL1	AuthenticationAssuranceLevelCd
Identity Assurance Level	IAL1	IdentityAssuranceLevelCd

Field	Value	IRS element (for citing)
Tax	2020	TaxYr
Build TS	2022-09-23 18:48:47Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	DR ELAINE RUIZ LOPEZ	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	3030 RIVERDALE AVENUE	AddressLine1Txt
City	BRONX	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	10463	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$6,403,400	GrossReceiptsAmt
Group Return For Affiliates	0	GroupReturnForAffiliatesInd
Organization501c3	Yes (X)	Organization501c3Ind
Website Address	WWW.ILCHS.ORG	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	2006	FormationYr
Legal Domicile State	NY	LegalDomicileStateCd
Activity Or Mission	THE INTERNATIONAL LEADERSHIP CHARTER SCHOOL ("THE SCHOOL"), A 501(C)(3) TAX-EXEMPT ORGANIZATION, IS A PUBLIC CHARTER HIGH SCHOOL LOCATED IN BRONX, NEW YORK. THE SCHOOL OPENED IN JANUARY 2006 AND CURRENTLY OPERATES CLASSES FOR NINTH TO TWELFTH GRADE. THE SCHOOL HAS AN EXTENDED SCHOOL DAY THAT FEATURES 60 AND 90 MINUTE CLASS PERIODS STUDENTS RECEIVE 180 MINUTES PER WEEK IN EACH CORE SUBJECT, WHICH, ACCORDING TO MANAGEMENT, IS VIEWED FAVORABLY BY BOTH PARENTS AND TEACHERS. FURTHER SUPPORTING STUDENTS, THE SCHOOL OFFERS AFTER-SCHOOL TUTORING, AND DURING JANUARY STUDENTS ARE REQUIRED TO ATTEND 'SATURDAY ACADEMY' FOR THREE HOURS. THE PURPOSE OF SATURDAY ACADEMY IS TO PROVIDE STUDENTS WITH SUBJECT INTENSIVE STUDY FOR REGENTS EXAMS.	ActivityOrMissionDesc
Voting Members Governing Body	7	VotingMembersGoverningBodyCnt
Voting Members Independent	7	VotingMembersIndependentCnt
Total Employee	47	TotalEmployeeCnt
Total Volunteers	7	TotalVolunteersCnt
Total Gross UBI	$0	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$320,453	PYContributionsGrantsAmt
CY Contributions Grants	$835,233	CYContributionsGrantsAmt
PY Program Service Revenue	$6,229,939	PYProgramServiceRevenueAmt
CY Program Service Revenue	$5,565,290	CYProgramServiceRevenueAmt
PY Investment Income	$29,145	PYInvestmentIncomeAmt
CY Investment Income	$2,877	CYInvestmentIncomeAmt
PY Other Revenue	$0	PYOtherRevenueAmt
CY Other Revenue	$0	CYOtherRevenueAmt
PY Total Revenue	$6,579,537	PYTotalRevenueAmt
CY Total Revenue	$6,403,400	CYTotalRevenueAmt
PY Grants And Similar Paid	$0	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$0	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$2,411,213	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$2,321,305	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$3,693,961	PYOtherExpensesAmt
CY Other Expenses	$3,401,846	CYOtherExpensesAmt
PY Total Expenses	$6,105,174	PYTotalExpensesAmt
CY Total Expenses	$5,723,151	CYTotalExpensesAmt
PY Revenues Less Expenses	$474,363	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$680,249	CYRevenuesLessExpensesAmt
Total Assets BOY	$22,767,418	TotalAssetsBOYAmt
Total Assets EOY	$22,747,163	TotalAssetsEOYAmt
Total Liabilities BOY	$20,279,800	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$19,579,296	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$2,487,618	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$3,167,867	NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part III	Yes (X)	InfoInScheduleOPartIIIInd
Mission	THE INTERNATIONAL LEADERSHIP CHARTER HIGH SCHOOL WILL IMPLEMENT AN ACADEMICALLY RIGOROUS COLLEGE PREPARATORY CURRICULUM THAT WILL ELEVATE STUDENTS' INTELLECTUAL CAPACITY, PROVIDE A SUPERIOR HIGH SCHOOL EDUCATION TO PREPARE OUR SCHOLARS FOR A HIGHER EDUCATION. OUR STUDENTS WILL MEET AND EXCEED CITY AND STATEWIDE ASSESSMENT AVERAGES ON THE NEW YORK STATE REGENTS EXAMINATIONS IN ENGLISH, HISTORY, MATHEMATICS AND SCIENCE. OUR GOAL IS TO CHANGE LIVES AND TRANSFORM COMMUNITIES, ONE SCHOLAR AT A TIME.	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Expense	$4,856,786	ExpenseAmt
Revenue	$5,565,290	RevenueAmt
Desc	THE INTERNATIONAL LEADERSHIP CHARTER HIGH SCHOOL IMPLEMENTS AN ACADEMICALLY RIGOROUS REGENTS AND COLLEGE-PREPARATORY CURRICULUM THAT ELEVATES STUDENTS' INTELLECTUAL CAPACITY AND PROVIDES A SUPERIOR HIGH SCHOOL EDUCATION. THE CHARTER SCHOOL HAS GAINED NATIONAL AND LOCAL RECOGNITION FOR ITS ACADEMIC ACHIEVEMENT. IN 2016 INTERNATIONAL LEADERSHIP BECAME THE FIRST CHARTER SCHOOL IN THE BRONX TO SUCCESSFULLY OPEN A NEW FACILITY WITH A $17,750,000 MUNICIPAL BOND FINANCING ISSUED BY BUILD NYC. THE CHARTER SCHOOL IS OPERATING IN A 28,500 SQUARE FOOT, THREE-STORY, STATE OF THE ART FACILITY THAT CONTAINS 17 CLASSROOMS AND NINE FLEX ROOMS TO SUPPORT STUDENT AND FACULTY ACTIVITIES AND WITH THE CAPACITY TO ACCOMMODATE APPROXIMATELY 400 STUDENTS. FROM 2014 THROUGH 2017, THE SCHOOL PLACED IN THE TOP 1% OF HIGH SCHOOLS AND WAS THE RECIPIENT OF A BRONZE AWARD FROM THE US NEWS & WORLD REPORT. DURING THE HEIGHT OF THE PANDEMIC INTERNATIONAL LEADERSHIP RECEIVED RECOGNITION FOR BEST HIGH SCHOOLS NATIONALLY AND BEST CHARTER SCHOOL IN 2020 AND 2021. THE CHARTER SCHOOL HAS ACHIEVED AN AVERAGE GRADUATION RATE OF 95% OVER THE PAST 5 YEARS. THE MAJORITY OF GRADUATES MATRICULATED INTO A 4-YEAR COLLEGE OR UNIVERSITY. THE RESULTS ON THE NEW YORK STATE REGENT EXAM SCORES FAR EXCEEDED THOSE IN THE NEIGHBORING COMMUNITY SCHOOL DISTRICTS, THE CITY AND THE STATE. IN 2021 WHEN MOST NYC PUBLIC SCHOOLS WERE CLOSED DUE TO THE PANDEMIC INTERNATIONAL LEADERSHIP REMAINED OPEN IN A HYBRID MODEL AND PREPARED STUDENTS FOR THE REGENTS EXAMS AND KEPT SENIORS ON TRACK TO GRADUATE. THE RECENT RELEASE OF THE NYS REPORT CARD ON MARCH 10, 2022 DEMONSTRATES THAT INTERNATIONAL LEADERSHIP ACHIEVED A 91% GRADUATION RATE FAR EXCEEDING THE RATES OF OTHER SCHOOLS THAT RANGED FROM 0%-52%.IN 2020 INTERNATIONAL LEADERSHIP RECEIVED AN AECN PLANNING GRANT FROM $975,000.00 FROM THE WALTON FAMILY FOUNDATION IN ORDER TO SUPPORT THE CHARTER SCHOOL'S PLANS TO EXPAND DOWN TO A MIDDLE SCHOOL. SUNY CSI APPROVED THE EXPANSION ON JUNE 16, 2021. WHEN A TEMPORARY SPACE IS IDENTIFIED THE MIDDLE SCHOOL WILL BE LAUNCHED BY THE FALL OF 2022 WHILE WAITING FOR THE PERMANENT BUILDING TO BE COMPLETED IN 2024.	Desc
Total Program Service Expenses	$4,856,786	TotalProgramServiceExpensesAmt
Described In Section501c3	Yes (1)	DescribedInSection501c3Ind
Schedule B Required	Yes (1)	ScheduleBRequiredInd
Political Campaign Acty	0	PoliticalCampaignActyInd
Lobbying Activities	0	LobbyingActivitiesInd
Subject To Proxy Tax	0	SubjectToProxyTaxInd
Donor Advised Fund	0	DonorAdvisedFundInd
Conservation Easements	0	ConservationEasementsInd
Collections Of Art	0	CollectionsOfArtInd
Credit Counseling	0	CreditCounselingInd
Donor Rstr Or Quasi Endowments	0	DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment	Yes (1)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	0	ReportInvestmentsOtherSecInd
Report Program Related Invst	0	ReportProgramRelatedInvstInd
Report Other Assets	Yes (1)	ReportOtherAssetsInd
Report Other Liabilities	Yes (1)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	Yes (1)	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	Yes (1)	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	0	ConsolidatedAuditFinclStmtInd
School Operating	Yes (1)	SchoolOperatingInd
Foreign Office	0	ForeignOfficeInd
Foreign Activities	0	ForeignActivitiesInd
More Than5000 K To Org	0	MoreThan5000KToOrgInd
More Than5000 K To Individuals	0	MoreThan5000KToIndividualsInd
Professional Fundraising	0	ProfessionalFundraisingInd
Fundraising Activities	0	FundraisingActivitiesInd
Gaming Activities	0	GamingActivitiesInd
Operate Hospital	0	OperateHospitalInd
Grants To Organizations	0	GrantsToOrganizationsInd
Grants To Individuals	0	GrantsToIndividualsInd
Schedule J Required	Yes (1)	ScheduleJRequiredInd
Tax Exempt Bonds	Yes (1)	TaxExemptBondsInd
Invest Tax Exempt Bonds	0	InvestTaxExemptBondsInd
Escrow Account	0	EscrowAccountInd
On Behalf Of Issuer	0	OnBehalfOfIssuerInd
Engaged In Excess Benefit Trans	0	EngagedInExcessBenefitTransInd
PY Excess Benefit Trans	0	PYExcessBenefitTransInd
Loan Outstanding	0	LoanOutstandingInd
Grant To Related Person	0	GrantToRelatedPersonInd
Business Rln With Org Mem	0	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	0	BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent	0	BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri	0	DeductibleNonCashContriInd
Deductible Art Contribution	0	DeductibleArtContributionInd
Terminate Operations	0	TerminateOperationsInd
Partial Liquidation	0	PartialLiquidationInd
Disregarded Entity	0	DisregardedEntityInd
Related Entity	0	RelatedEntityInd
Related Organization Ctrl Ent	0	RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org	0	TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp	0	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (1)	ScheduleORequiredInd
IRP Document	16	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Employee	47	EmployeeCnt
Employment Tax Returns Filed	Yes (1)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	0	UnrelatedBusIncmOverLimitInd
Foreign Financial Account	0	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Taxable Party Notification	0	TaxablePartyNotificationInd
Nondeductible Contributions	0	NondeductibleContributionsInd
Quid Pro Quo Contributions	0	QuidProQuoContributionsInd
Form8282 Property Disposed Of	0	Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	0	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	0	PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services	0	IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt	0	SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc	0	SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	7	GoverningBodyVotingMembersCnt
Independent Voting Member	7	IndependentVotingMemberCnt
Family Or Business Rln	0	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	0	DelegationOfMgmtDutiesInd
Change To Org Documents	0	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	0	MaterialDiversionOrMisuseInd
Members Or Stockholders	0	MembersOrStockholdersInd
Election Of Board Members	0	ElectionOfBoardMembersInd
Decisions Subject To Approva	0	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (1)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (1)	MinutesOfCommitteesInd
Officer Mailing Address	0	OfficerMailingAddressInd
Local Chapters	0	LocalChaptersInd
Form990 Provided To Gvrn Body	Yes (1)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (1)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (1)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (1)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (1)	WhistleblowerPolicyInd
Document Retention Policy	Yes (1)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (1)	CompensationProcessCEOInd
Compensation Process Other	0	CompensationProcessOtherInd
Investment In Joint Venture	0	InvestmentInJointVentureInd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Field	Value	IRS element (for citing)
Person	DR ELAINE RUIZ LOPEZ CEO	PersonNm
Phone	7185622300	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	3030 RIVERDALE AVE	AddressLine1Txt
City	BRONX	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	10463	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (8 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	OfficerOfficerInd
YAHIRA RICARDO
MEMBER	2.50	Yes (X)	$0	$0	$0
MARIA GARCIA BELTRE
MEMBER	2.50	Yes (X)	$0	$0	$0
ADDY RIVAS
MEMBER	2.50	Yes (X)	$0	$0	$0
VAGNES DE LA ROSA
BOARD CHAIR - THRU JUNE 2021	2.50	Yes (X)	$0	$0	$0	Yes (X)
ANNY RIVAS
BOARD TREASURER	2.50	Yes (X)	$0	$0	$0	Yes (X)
NATALIE LOZADA
MEMBER	2.50	Yes (X)	$0	$0	$0
EDMUND TURKSON
BOARD SECRETARY	2.50	Yes (X)	$0	$0	$0	Yes (X)
DR ELAINE RUIZ LOPEZ
CEO	60.00		$226,880	$0	$25,155	Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$226,880	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$25,155	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	1	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	0	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (1)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (2 entries)

Address Line1ContractorAddress/USAddress/AddressLine1Txt	CityContractorAddress/USAddress/CityNm	State AbbreviationContractorAddress/USAddress/StateAbbreviationCd	ZIPContractorAddress/USAddress/ZIPCd	ServicesServicesDesc	CompensationCompensationAmt
WINFIELD SECURITY
57 WEST 38TH STREET 5TH FLOOR	NEW YORK	NY	10018	SECURITY SERVICES	$113,168
ACCOUNTING SOLUTIONS OF NEW YORK INC
16 RYAN STREET	SYOSSET	NY	11791	ACCOUNTING FEES	$111,428

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	2	CntrctRcvdGreaterThan100KCnt
Government Grants	$805,410	GovernmentGrantsAmt
All Other Contributions	$29,823	AllOtherContributionsAmt
Total Contributions	$835,233	TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

Field	Value	IRS element (for citing)
Desc	PER PUPIL FUNDING	Desc
Business	611110	BusinessCd
Total Revenue Column	$5,565,290	TotalRevenueColumnAmt
Related Or Exempt Func Income	$5,565,290	RelatedOrExemptFuncIncomeAmt

Field	Value	IRS element (for citing)
Total Program Service Revenue	$5,565,290	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$2,877	TotalRevenueColumnAmt
Exclusion	$2,877	ExclusionAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$6,403,400	TotalRevenueColumnAmt
Related Or Exempt Func Income	$5,565,290	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$2,877	ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$284,645	TotalAmt
Program Services	$213,483	ProgramServicesAmt
Management And General	$71,162	ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$1,720,255	TotalAmt
Program Services	$1,558,982	ProgramServicesAmt
Management And General	$161,273	ManagementAndGeneralAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$9,471	TotalAmt
Program Services	$8,595	ProgramServicesAmt
Management And General	$876	ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$136,599	TotalAmt
Program Services	$124,325	ProgramServicesAmt
Management And General	$12,274	ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$170,335	TotalAmt
Program Services	$150,887	ProgramServicesAmt
Management And General	$19,448	ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$74,892	TotalAmt
Management And General	$74,892	ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$141,351	TotalAmt
Management And General	$141,351	ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$270,286	TotalAmt
Program Services	$248,108	ProgramServicesAmt
Management And General	$22,178	ManagementAndGeneralAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$161,032	TotalAmt
Program Services	$161,032	ProgramServicesAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$76,945	TotalAmt
Program Services	$65,403	ProgramServicesAmt
Management And General	$11,542	ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$99,940	TotalAmt
Program Services	$84,949	ProgramServicesAmt
Management And General	$14,991	ManagementAndGeneralAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$1,253,862	TotalAmt
Program Services	$1,065,782	ProgramServicesAmt
Management And General	$188,080	ManagementAndGeneralAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$609	TotalAmt
Program Services	$518	ProgramServicesAmt
Management And General	$91	ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$520,555	TotalAmt
Program Services	$442,472	ProgramServicesAmt
Management And General	$78,083	ManagementAndGeneralAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$158,027	TotalAmt
Program Services	$134,323	ProgramServicesAmt
Management And General	$23,704	ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt	Program ServicesProgramServicesAmt	Management And GeneralManagementAndGeneralAmt
REPAIRS & MAINTENANCE	$182,387	$155,029	$27,358
STUDENT SERVICES	$143,926	$143,926
STAFF DEVELOPMENT	$123,119	$117,539	$5,580
EQUIPMENT / FURNISHINGS	$54,109	$45,993	$8,116

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$140,806	TotalAmt
Program Services	$135,440	ProgramServicesAmt
Management And General	$5,366	ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$5,723,151	TotalAmt
Program Services	$4,856,786	ProgramServicesAmt
Management And General	$866,365	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$222,970	BOYAmt
EOY	$434,091	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$518,477	BOYAmt
EOY	$700,594	EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$173,583	BOYAmt
EOY	$120,461	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$19,639	BOYAmt
EOY	$55,977	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$21,245,036	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$2,968,715	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$18,575,122	BOYAmt
EOY	$18,276,321	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$3,257,627	BOYAmt
EOY	$3,159,719	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$22,767,418	BOYAmt
EOY	$22,747,163	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$768,231	BOYAmt
EOY	$860,670	EOYAmt

Deferred Revenue DeferredRevenueGrp

Field	Value	IRS element (for citing)
EOY	$3,040	EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$18,571,838	BOYAmt
EOY	$18,155,605	EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

Field	Value	IRS element (for citing)
BOY	$368,500	BOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$571,231	BOYAmt
EOY	$559,981	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$20,279,800	BOYAmt
EOY	$19,579,296	EOYAmt

Field	Value	IRS element (for citing)
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$2,487,618	BOYAmt
EOY	$3,167,867	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$2,487,618	BOYAmt
EOY	$3,167,867	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$22,767,418	BOYAmt
EOY	$22,747,163	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	$680,249	ReconcilationRevenueExpnssAmt
Other Changes In Net Assets	$0	OtherChangesInNetAssetsAmt
Info In Schedule O Part XII	Yes (X)	InfoInScheduleOPartXIIInd
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	0	AccountantCompileOrReviewInd
FS Audited	Yes (1)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Separate Basis Fincl Stmt	Yes (X)	SeparateBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (1)	AuditCommitteeInd
Federal Grant Audit Required	0	FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
School	Yes (X)	SchoolInd

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	RESTRICTED	ContributorNum

Contributor Business Name ContributorBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Total Contributions	RESTRICTED	TotalContributionsAmt

Schedule D IRS990ScheduleD

Land LandGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$2,530,000	OtherCostOrOtherBasisAmt
Book Value	$2,530,000	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$18,019,751	OtherCostOrOtherBasisAmt
Depreciation	$2,492,276	DepreciationAmt
Book Value	$15,527,475	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$695,285	OtherCostOrOtherBasisAmt
Depreciation	$476,439	DepreciationAmt
Book Value	$218,846	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$18,276,321	TotalBookValueLandBuildingsAmt

Other Assets Org OtherAssetsOrgGrp (2 entries)

DescDesc	Book ValueBookValueAmt
RESTRICTED CASH	$3,084,311
CASH IN ESCROW	$75,408

Field	Value	IRS element (for citing)
Total Book Value Other Assets	$3,159,719	TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

Field	Value	IRS element (for citing)
Desc	ACCRUED INTEREST PAYABLE	Desc
Amt	$559,981	Amt

Field	Value	IRS element (for citing)
Total Liability	$559,981	TotalLiabilityAmt
Footnote Text	Yes (X)	FootnoteTextInd
Total Rev Etc Audited Fincl Stmt	$6,403,400	TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported	$0	RevenueNotReportedAmt
Revenue Subtotal	$6,403,400	RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt	$0	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$6,403,400	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$5,723,151	TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported	$0	ExpensesNotReportedAmt
Expenses Subtotal	$5,723,151	ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt	$0	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$5,723,151	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART X, LINE 2:	FormAndLineReferenceDesc
Explanation	THE CHARTER SCHOOL IS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND APPLICABLE STATE REGULATIONS AND, ACCORDINGLY, IS EXEMPT FROM FEDERAL AND STATE TAXES ON INCOME. THE CHARTER SCHOOL FILES FORM 990 TAX RETURNS IN THE U.S. FEDERAL JURISDICTION. 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 BELIEVES IT HAS NO MATERIAL UNCERTAIN TAX POSITIONS AND, ACCORDINGLY, IT HAS NOT RECOGNIZED ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS.	ExplanationTxt

Schedule E IRS990ScheduleE

Field	Value	IRS element (for citing)
Nondiscriminatory Policy Stmt	Yes (1)	NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures Etc	Yes (1)	PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast Media	Yes (1)	PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp Recs	Yes (1)	MaintainRacialCompRecsInd
Maintain Scholarships Recs	Yes (1)	MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures Etc	Yes (1)	MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All Sol	Yes (1)	MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts	0	DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy	0	DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty	0	DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs	0	DiscriminateRaceSchsInd
Discriminate Race Educ Plcy	0	DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts	0	DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog	0	DiscriminateRaceAthltProgInd
Discriminate Race Other Acty	0	DiscriminateRaceOtherActyInd
Government Financial Aid Rcvd	Yes (1)	GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd	0	GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550	Yes (1)	ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc

ExplanationExplanationTxt

SCHEDULE E, PART I, LINE 3

THE SCHOOL IS REQUIRED TO ADHERE TO THE PROVISIONS OF SECTION 2854 (2) OF THE EDUCATION LAW TO GUIDE THE ADMISSION POLICIES AND PROCEDURES. THE SCHOOL IS OPEN TO ANY STUDENT WHO IS QUALIFIED UNDER THE LAWS OF NEW YORK FOR ADMISSION TO A PUBLIC SCHOOL. ADMISSION OF STUDENTS WILL BE NOT BE LIMITED ON THE BASIS OF INTELLECTUAL ABILITY, MEASURES OF ACHIEVEMENT OR APTITUDE, ATHLETIC ABILITY, DISABILITY, RACE, CREED, NATIONAL ORIGIN, RELIGION, ANCESTRY, PROFICIENCY IN ENGLISH OR ANY OTHER GROUND THAT WOULD BE UNLAWFUL. ADMISSION TO ILCHS IS FREE & OPEN TO ALL STUDENTS ELIGIBLE TO ATTEND PUBLIC SCHOOL IN NYC.

SCHEDULE E, PART I, LINE 6

THE SCHOOL RECEIVES GOVERNMENT FUNDING IN THE FORM OF GOVERNMENT GRANTS.

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Written Employment Contract	Yes (X)	WrittenEmploymentContractInd
Board Or Committee Approval	Yes (X)	BoardOrCommitteeApprovalInd
Severance Payment	0	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	0	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	0	EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org	0	CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs	0	CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org	0	CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs	0	CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments	0	AnyNonFixedPaymentsInd
Initial Contract Exception	0	InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp

Field	Value	IRS element (for citing)
Person	DR ELAINE RUIZ LOPEZ	PersonNm
Title	CEO	TitleTxt
Base Compensation Filing Org	$226,880	BaseCompensationFilingOrgAmt
Compensation Based On Rltd Orgs	$0	CompensationBasedOnRltdOrgsAmt
Bonus Filing Organization	$0	BonusFilingOrganizationAmount
Bonus Related Organizations	$0	BonusRelatedOrganizationsAmt
Other Compensation Filing Org	$0	OtherCompensationFilingOrgAmt
Other Compensation Rltd Orgs	$0	OtherCompensationRltdOrgsAmt
Deferred Compensation Flng Org	$0	DeferredCompensationFlngOrgAmt
Deferred Comp Rltd Orgs	$0	DeferredCompRltdOrgsAmt
Nontaxable Benefits Filing Org	$25,155	NontaxableBenefitsFilingOrgAmt
Nontaxable Benefits Rltd Orgs	$0	NontaxableBenefitsRltdOrgsAmt
Total Compensation Filing Org	$252,035	TotalCompensationFilingOrgAmt
Total Compensation Rltd Orgs	$0	TotalCompensationRltdOrgsAmt
Comp Report Prior990 Filing Org	$0	CompReportPrior990FilingOrgAmt
Comp Report Prior990 Rltd Orgs	$0	CompReportPrior990RltdOrgsAmt

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (4 entries)

Bond ReferenceBondReferenceCd	Bond Issuer EINBondIssuerEIN	CUSIPCUSIPNum	Bond IssuedBondIssuedDt	Issue PriceIssuePriceAmt	PurposePurposeDesc	DefeasedDefeasedInd	On Behalf Of IssuerOnBehalfOfIssuerInd	Pool FinancingPoolFinancingInd
BUILD NYC RESOURCE CORP
A	454040561	12008EBC9	2013-03-01	$2,920,000	SPEC LIMITED REV OBLIGIATIONS	0	0	0
BUILD NYC RESOURCE CORP
B	454040561	12008EBD7	2013-03-01	$5,360,000	SPEC LIMITED REV OBLIGIATIONS	0	0	0
BUILD NYC RESOURCE CORP
C	454040561	12008EBB1	2013-03-01	$9,470,000	SPEC LIMITED REV OBLIGIATIONS	0	0	0
BUILD NYC RESOURCE CORP
D	454040561	12008ELU8	2016-07-15	$2,905,000	SPEC LIMITED REV OBLIGIATIONS	0	0	0

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (4 entries)

Bond ReferenceBondReferenceCd	RetiredRetiredAmt	Total ProceedsTotalProceedsAmt	In Reserve FundInReserveFundAmt	Capitalized InterestCapitalizedInterestAmt	Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt	Capital ExpendituresCapitalExpendituresAmt	Refunding Tax Exempt BondsRefundingTaxExemptBondsInd	UnspentUnspentAmt
A	$1,800,000	$17,750,000	$1,314,749	$1,306,400	$624,890	$14,529,060	Yes (1)
B							Yes (1)
C							0
D	$275,000	$2,905,000	$243,785		$58,100	$2,792,752	0	$54,148

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (4 entries)

Bond ReferenceBondReferenceCd	Owning Bond Financed PropertyOwningBondFinancedPropertyInd	Any Lease ArrangementsAnyLeaseArrangementsInd	Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd	Any Research AgreementsAnyResearchAgreementsInd	Bond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestInd	Change In Use Bond Financed PropChangeInUseBondFinancedPropInd	Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd
A	0	0	0	0	0	0	Yes (1)
B	0	0	0	0	0	0	Yes (1)
C	0	0	0	0	0	0	0
D	0	0	0	0	0	0	0

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (4 entries)

Bond ReferenceBondReferenceCd	Form8038 T FiledForm8038TFiledInd	Rebate Not Due YetRebateNotDueYetInd	Exception To RebateExceptionToRebateInd	No Rebate DueNoRebateDueInd	Variable Rate IssueVariableRateIssueInd	Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd	Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd	Gross Proceeds InvestedGrossProceedsInvestedInd	Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd
A	0	0	0	0	0	0	0	0	Yes (1)
B	0	0	0	0	0	0	0	0	Yes (1)
C	0	0	0	0	0	0	0	0	Yes (1)
D	0	0	0	0	0	0	0	0	Yes (1)

Procedures Corrective Action ProceduresCorrectiveActionGrp (4 entries)

Bond ReferenceBondReferenceCd	Procedures Corrective ActionProceduresCorrectiveActionInd
A	0
B	0
C	0
D	0

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART VI	FormAndLineReferenceDesc
Explanation	ON MARCH 21, 2013, BUILD NYC RESOURCE CORPORATION PROVIDED CONSTRUCTION AND PERMANENT FINANCING THROUGH THE ISSUANCE OF $17,750,000 IN TAX-EXEMPT REVENUE BONDS (THE SERIES 2013 BONDS), WITH PRINCIPAL AMOUNTS, INTEREST RATES AND MATURITY DATES AS FOLLOWS PRINCIPAL, AMOUNTS, INTEREST RATES, DUE DATES - $ 2,920,000 5.00% JULY 1, 2023 $5,360,000 5.75% JULY 1, 2033 $9,470,000 6.00% JULY 1, 2043. THE PROCEEDS FROM THE SALE OF THE BONDS, TOGETHER WITH OTHER AVAILABLE FUNDS, WERE USED TO (1) REFINANCE OR REIMBURSE THE SCHOOL FOR CERTAIN COSTS OF ACQUIRING, CONSTRUCTING, RENOVATING, EQUIPPING AND FURNISHING ITS FUTURE EDUCATIONAL FACILITY, (2) FUND THE SERVICE RESERVE FUND ESTABLISHED UNDER THE INDENTURE IN AN AMOUNT EQUAL TO THE DEBT SERVICE RESERVE FUND REQUIREMENT OF THE BONDS, (3) COVER INTEREST ON THE BONDS DURING CONSTRUCTION FOR A PERIOD OF SIXTEEN MONTHS, AND (4) PAY CERTAIN COSTS OF ISSUING THE SERIES 2013 BONDS. THE BONDS ARE SECURED BY THE PLEDGE AND ASSIGNMENT TO THE TRUSTEE OF THE TRUST ESTATE FOR THE BENEFIT OF THE HOLDERS OF THE BONDS. THE OBLIGATIONS OF THE SCHOOL UNDER THE LOAN AGREEMENT ARE SECURED BY THE MORTGAGES ASSIGNED TO THE TRUSTEE FOR THE BENEFIT OF THE HOLDERS OF THE BONDS. INTEREST ON THE BONDS IS PAYABLE INITIALLY ON JULY 1, 2013 AND SEMIANNUALLY THEREAFTER ON EACH JANUARY 1ST AND JULY 1ST COMPUTED ON THE BASIS OF A 360-DAY YEAR OF TWELVE 30-DAY MONTHS. ADDITIONAL BOND FINANCING OF $3,300,000 WAS OBTAINED ON JULY 15, 2016 TO PAY DOWN ADDITIONAL CONSTRUCTION COSTS. THE AMOUNT OF THE INTEREST THAT WAS CAPITALIZED AS IT RELATED TO THE FINANCING OF THE SCHOOLS FACILITY WAS $1,306,400 AS OF JUNE 30, 2021. PRINCIPAL AND INTEREST PAYMENTS DUE ON THE BONDS BY FISCAL YEAR ARE AS FOLLOWS: FISCAL YEAR ENDED , PRINCIPAL, INTEREST, TOTAL - 2022 $475,000 $1,590,463 $1,080,462 2023 $425,000 $1,516,400 $1,056,400 2024 $445,000 $1,519,544 $1,029,544 2025 $465,000 $1,516,093 $1,001,093 2026 $495,000 $1,516,050 $971,050 AND THEREAFTER $ 16,670,000 $15,725,000 $9,676,519	ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11B	A DRAFT OF THE FEDERAL FORM 990 IS FIRST REVIEWED BY THE FINANCE TEAM MANAGING OUR FINANCES AT ACCOUNTING SOLUTIONS OF NEW YORK, INC (AS PART OF OUR AGREEMENT WITH THEM). THE FINAL DRAFT OF THE FEDERAL FORM 990 IS THEN CIRCULATED TO BOARD MEMBERS FOR THEIR REVIEW AND COMMENTS PRIOR TO THE SIGNING AND FILING OF THE FEDERAL FORM 990 WITH THE IRS.
FORM 990, PART VI, SECTION B, LINE 12C	CONFLICT OF INTEREST POLICY AND DISCLOSURE QUESTIONNAIRE ARE DISTRIBUTED TO ALL BOARD MEMBERS ON AN ANNUAL BASIS. ALL BOARD MEMBERS ARE REQUIRED TO COMPLETE AND SIGN THE QUESTIONNAIRE ON AN ANNUAL BASIS. WHEN A POTENTIAL CONFLICT IS IDENTIFIED, THE MATTER IS BROUGHT TO THE BOARD CHAIR FOR REVIEW.
FORM 990, PART VI, SECTION B, LINE 15A	THE CEO SALARY IS DETERMINED BY A COMMITTEE OF THE BOARD WHICH BASES THE COMPENSATION ON THE SUCCESSFUL RENEWAL OF THE CHARTER SCHOOL AND GUIDED BY MULTI-YEAR EMPLOYMENT CONTRACT WITH THE CEO.
FORM 990, PART VI, SECTION C, LINE 19	THE ORGANIZATION MAKES ALL FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND TAX RETURNS AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST.
PART XII, LINE 2C EXPLANATION	THIS PROCESS IS CONSISTENT WITH PRIOR YEAR'S FILING