2022-05-10T11:13:23-05:00 2021-06-30 570381582 ELLIOTT DAVIS LLCPLLC 500 EAST MOREHEAD STREET SUITE 700 CHARLOTTE NC 28202 990 2020-07-01 204587841 MEETING STREET SCHOOLS MEET 8432661818 200 MEETING STREET NO 206 CHARLESTON SC 29401 MARCUS BACKMAN CHIEF FINANCIAL OFFICER 8432661818 2022-05-09 1 MARCUS BACKMAN 999009999 JANICE A RATICA P00358837 7043338881 2022-05-09 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z BENJAMIN NAVARRO 93 BROAD STREET CHARLESTON SC 29401 31027510 0 X WWW.MEETINGSTREETSCHOOLS.ORG X 2006 SC MEETING STREET SCHOOLS (MSS) IS A GROUNDBREAKING INITIATIVE DEDICATED TO THE CREATION OF A NEW MANDATE FOR EDUCATION IN SOUTH CAROLINA AND BEYOND. MSS WAS FOUNDED UPON THE BELIEF THAT ALL CHILDREN DESERVE AN EXCELLENT EDUCATION REGARDLESS OF THEIR GEOGRAPHIC OR SOCIOECONOMIC CIRCUMSTANCES, AND ALL CHILDREN HAVE THE ABILITY TO EXCEL IN THE CLASSROOM. WHERE ACCESS TO QUALITY PUBLIC EDUCATION OR AFFORDABLE PRIVATE ALTERNATIVES IS SEVERELY LIMITED, MSS IS PROVIDING CHILDREN WITH TRANSFORMATIONAL EDUCATIONAL OPPORTUNITIES. 6 6 439 150 0 0 29974682 30793473 169200 177476 85218 1645 174879 54916 30403979 31027510 0 0 0 0 20737270 23155796 0 0 62811 8339721 9259746 29076991 32415542 1326988 -1388032 32755154 31326851 2378943 2325760 30376211 29001091 X MEETING STREET SCHOOLS (MSS) WAS FOUNDED UPON THE BELIEF THAT ALL CHILDREN DESERVE AN EXCELLENT EDUCATION REGARDLESS OF THEIR GEOGRAPHIC OR SOCIOECONOMIC CIRCUMSTANCES, AND ALL CHILDREN HAVE THE ABILITY TO EXCEL IN THE CLASSROOM. WHERE ACCESS TO QUALITY PUBLIC EDUCATION OR AFFORDABLE PRIVATE ALTERNATIVES IS SEVERELY LIMITED, MSS IS PROVIDING CHILDREN WITH TRANSFORMATIONAL EDUCATIONAL OPPORTUNITIES. 0 0 10548232 63105 IN FEBRUARY 2014, MSS AGREED TO PARTNER WITH THE CHARLESTON COUNTY SCHOOL DISTRICT ("CCSD") UNDER THE SC SCHOOLS OF CHOICE LAW TO OPEN MEETING STREET ELEMENTARY AT BRENTWOOD (MSEB), A PUBLIC-PRIVATE PARTNERSHIP SCHOOL OPEN TO ALL FAMILIES LIVING IN THE NEWLY FORMED ATTENDANCE ZONE IN NORTH CHARLESTON, SC. MSEB OPENED ITS DOORS IN AUGUST OF 2014 TO APPROXIMATELY 120 STUDENTS SPANNED FROM PREK3 THROUGH FIRST GRADE, ADDING ON A SUCCESSIVE GRADE EACH YEAR. IN MARCH 2020, THE PARTNERSHIP WAS AMENDED TO ALLOW MSEB TO GROW TO EIGHTH GRADE FOR THE 2021-2022 SCHOOL YEAR. DURING THE 2020-2021 SCHOOL YEAR, MSEB SERVED APPROXIMATELY 632 STUDENTS FROM PREK3 THROUGH SEVENTH GRADE. 7048426 42167 IN MARCH 2016, IN CONJUNCTION WITH THE AMENDED PARTNERSHIP WITH CCSD, MEETING STREET SCHOOLS ENTERED INTO AN AGREEMENT TO TAKE OVER THE MANAGEMENT OF ANOTHER SCHOOL IN CCSD, EDMUND A. BURNS ELEMENTARY SCHOOL ("BURNS"). BURNS WENT THOUGH RENOVATIONS THROUGH THE 2018-2019 SCHOOL YEAR. DURING THE 2018-2019 SCHOOL YEAR, MEETING STREET ELEMENTARY AT BURNS (MSBN) OPENED ITS DOORS TO 175 STUDENTS SPANNING PREK4 THROUGH SECOND GRADE. MSBN WAS HOUSED ON THE BRENTWOOD CAMPUS OPERATING AS ITS OWN SCHOOL UNTIL THE 2019-2020 SCHOOL YEAR WHEN THE SCHOOL BEGAN TO OPERATE ITS OWN CAMPUS AFTER COMPLETING RENOVATIONS. IN MARCH 2020, MSBN WAS ALSO PART OF THE CCSD AMENDMENT WITH BRENTWOOD TO ALLOW THE SCHOOL TO EXPAND TO MIDDLE SCHOOL, ADDING A NEW GRADE UNTIL THE EIGHTH GRADE IN THE 2023-2024 SCHOOL YEAR. DURING THE 2020-2021 SCHOOL YEAR, MSBN SERVED APPROXIMATELY 430 STUDENTS FROM PREK3 THROUGH SIXTH GRADE. 6429173 38463 MEETING STREET SCHOOLS (MSS), OPERATING AS MEETING STREET ACADEMY (MSA-CHARLESTON), OPENED ITS DOORS IN CHARLESTON, SC IN AUGUST 2008 FOR APPROXIMATELY 45 PRESCHOOL CHILDREN, AGED THREE AND FOUR. SINCE THEN, WE HAVE ADDED GRADES THROUGH 8TH GRADE. MSA-CHARLESTON SERVED APPROXIMATELY 328 STUDENTS IN THE 2020-2021 SCHOOL YEAR FROM PREK3 THROUGH FIFTH GRADE. IN MARCH 2021, MSA-CHARLESTON ANNOUNCED PLANS TO EXPAND THROUGH MIDDLE SCHOOL, ADDING A NEW GRADE UNTIL THE EIGHTH GRADE IN THE 2024-2025 SCHOOL YEAR. 7281305 33741 IN JULY 2012, MSA-SPARTANBURG OPENED ITS DOORS TO 37 PRESCHOOLERS AGED THREE AND FOUR. IN APRIL 2016, MSS AND SPARTANBURG DISTRICT 7 MOVED FORWARD WITH PLANS TO BEGIN THE 2016-2017 YEAR AT MSA-SPARTANBURG AS A PUBLIC-PRIVATE PARTNERSHIP. DURING THE 2020-2021 SCHOOL YEAR, MSA-SPARTANBURG SERVED APPROXIMATELY 287 STUDENTS FROM PREK3 TO FIFTH GRADE. 7281305 33741 31307136 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 1 34 0 1 439 1 0 0 0 0 0 0 0 0 0 0 X 6 6 1 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 SC X SUSAN SHULER 8432661717 200 MEETING STREET SUITE 206 CHARLESTON SC 29401 SARAH CAMPBELL PRINCIPAL 40.00 X 189365 0 12289 CHAD WEIDEN PRINCIPAL 40.00 X 149258 0 10020 DIRK BEDFORD PRINCIPAL 40.00 X 146602 0 9702 KATIE ROBINSON CHIEF ACADEMIC OFFICER 40.00 X 133685 0 15452 TARA WARRINGTON DEAN 40.00 X 116035 0 7755 AMY MIMS EXECUTIVE DIR. (THRU 12.04.19) 40.00 X 98317 0 5898 NICOLE DICKENS CHIEF OF STAFF 40.00 X 86875 0 5516 MARCUS BACKMAN SENIOR FINANCE MANAGER 40.00 X 68854 0 5360 KELLY NAVARRO BOARD MEMBER 1.00 X 0 0 0 LINDSAY LEONARD BOARD MEMBER 1.00 X 0 0 0 FORD PERRY BOARD MEMBER 1.00 X 0 0 0 BENJAMIN NAVARRO PRESIDENT 1.00 X X 0 0 0 SUSAN SHULER TREASURER 1.00 X X 0 0 0 CHRISTOPHER ALLEN SECRETARY 1.00 X X 0 0 0 988991 0 71992 5 1 1 0 CHOATE CONSTRUCTION COMPANY 8200 ROBERTS DRIVE SUITE 600 ATLANTA GA 30350 CONSTRUCTION 2753206 BROADWALK DEVELOPMENT LLC PO BOX 3524 SPARTANBURG SC 29302 PROPERTY MANAGEMENT SERVICES 594286 ARTISTIC DREAMS 4910 FOX SPRINGS DRIVE COLLIERVILLE TN 38017 DANCE/MUSIC INSTRUCTION 179138 3 18713685 12079788 30793473 TUITION AND FEES 611110 177476 177476 177476 1645 1645 OTHER INCOME 611110 54916 54916 54916 31027510 232392 0 1645 349912 338494 10469 949 18281440 17658630 573221 49589 550380 532421 16466 1493 2472827 2440775 25344 6708 1501237 1467130 30035 4072 62100 62100 767120 764723 2397 695959 695959 1192485 1187971 4514 320681 320681 ACADEMIC SUPPORT 2600539 2600171 368 OTHER PERSONNEL COSTS 1482445 1482445 REPAIRS AND MAINTENANCE 1288244 1288244 FOOD SERVICES 846704 846704 3469 3469 32415542 31307136 1045595 62811 2991693 3790009 4160587 1834033 266231 358906 32125747 7265055 25189266 24860692 147377 483211 32755154 31326851 2197138 1763646 130228 562114 51577 0 2378943 2325760 X 30376211 28919324 0 81767 30376211 29001091 32755154 31326851 -1388032 12912 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 32415542 32415542 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 250000 250000 250000 250000 1000000 1500000 28553440 4718297 23835143 294683 53659 241024 3087857 2352889 734968 189767 140210 49557 24860692 X 30958655 12912 12912 30945743 81767 81767 31027510 32415542 0 32415542 0 32415542 PART X, LINE 2: MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ORGANIZATION AND HAS CONCLUDED THAT AS OF JUNE 30, 2021 AND 2020, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE ORGANIZATION RECOGNIZES INTEREST RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST EXPENSE AND PENALTIES IN OPERATING EXPENSES. WITH FEW EXCEPTIONS, THE ORGANIZATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE, OR LOCAL TAX AUTHORITIES FOR TAX YEARS BEFORE 2018. PART XI, LINE 4B - OTHER ADJUSTMENTS: NET ASSETS RELEASED FROM RESTRICTIONS -22,477. NET ASSETS WITH DONOR RESTRICTIONS 104,244. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 MSA CHARLESTON COMPLIES WITH SECTION 4.02 OF REV. PROC. 75-50 BY INCLUDING A NONDISCRIMINATORY STATEMENT IN ALL OF ITS BROCHURES AND CATALOGS DEALING WITH STUDENT ADMISSIONS, PROGRAMS AND SCHOLARSHIPS. MEETING STREET SCHOOLS OPERATED THREE PUBLIC SCHOOLS (MSE AT BRENTWOOD, MSE BURNS AND MSA SPARTANBURG) AND ONE PRIVATE SCHOOL (MSA CHARLESTON.) THE PUBLIC SCHOOLS ARE FREE AND OPEN TO ALL FAMILIES LIVING IN THEIR RESPECTIVE ATTENDANCE ZONE. PURSUANT TO REV. PROC. 75-50, SECTION 4.03(2)(C) MEETING STREET ACADEMY CHARLESTON FOLLOWS THE NONDISCRIMINATORY POLICY BY CURRENTLY ENROLLING STUDENTS OF RACIAL MINORITY GROUPS IN MEANINGFUL NUMBERS, AS FOLLOWS FOR 2019-2020: AFRICAN AMERICAN-92.4%, MIXED RACE-4.2%, HISPANIC-1.7%, WHITE-1.7%. SCHEDULE E, PART I, LINE 6 BRENTWOOD AND BURNS RECEIVE FUNDING FROM THE STATE DEPARTMENT OF EDUCATION THAT IS PASSED THROUGH CCSD FOR A PARTICULAR SCHOOL YEAR. SCHOOL REVENUES ARE ALLOCATED BASED ON A PER PUPIL ALLOCATION CONSISTENT WITH OTHER PUBLIC SCHOOLS IN THE AREA WITH SIMILAR DEMOGRAPHICS. FOR THE YEARS ENDED JUNE 30, 2021 AND 2020, THE ORGANIZATION RECOGNIZED $16,683,770 AND $12,580,676 IN REVENUES PASSED THROUGH CCSD, RESPECTIVELY. SPARTANBURG RECEIVES FUNDING FROM THE STATE DEPARTMENT OF EDUCATION THAT IS PASSED THROUGH THE SPARTANBURG COUNTY SCHOOL DISTRICT 7 FOR A PARTICULAR SCHOOL YEAR. SCHOOL REVENUES ARE ALLOCATED BASED ON A PER PUPIL ALLOCATION CONSISTENT WITH OTHER PUBLIC SCHOOLS IN THE AREA WITH SIMILAR DEMOGRAPHICS. FOR THE YEARS ENDED JUNE 30, 2021 AND 2020, THE ORGANIZATION RECOGNIZED $2,029,915 AND $1,877,666 IN REVENUES PASSED THROUGH THE SPARTANBURG COUNTY SCHOOL DISTRICT 7, RESPECTIVELY. DISTRICT FUNDING IS RECOGNIZED AS REVENUE IN THE SCHOOL YEAR FOR WHICH IT APPLIES. X X 0 0 0 0 0 0 0 0 0 SARAH CAMPBELL PRINCIPAL 189365 0 0 0 0 0 5785 0 6504 0 201654 0 0 0 CHAD WEIDEN PRINCIPAL 149258 0 0 0 0 0 4626 0 5394 0 159278 0 0 0 DIRK BEDFORD PRINCIPAL 146602 0 0 0 0 0 4470 0 5232 0 156304 0 0 0 AMY MIMS EXECUTIVE DIR. (THRU 12.04.19) 98317 0 0 0 0 0 2949 0 2949 0 104215 0 0 0 BROADWALK DEVELOPMENT LLC OWNED BY SUBSTANTIAL CONTRIBUTORS 594286 LEASE - THIS AGREEMENT WAS NEGOTIATED AT ARM'S LENGTH AND IS AT FAIR MARKET VALUE. 0 FORM 990, PART VI, SECTION A, LINE 1 VOTING RIGHTS AMONG MEMBERS OF THE GOVERNING BODY ARE AS FOLLOWS: BOARD MEMBERS OF MEETING STREET SCHOOLS: 1. BENJAMIN NAVARRO - PRESIDENT 2. SUSAN SHULER - TREASURER 3. CHRISTOPHER ALLEN - SECRETARY 4. KELLY NAVARRO 5. FORD PERRY 6. LINDSAY LEONARD BOARD MEMBERS OF MSE BURNS, LLC 1. BENJAMIN NAVARRO - PRESIDENT 2. SUSAN SHULER - TREASURER 3. CHRISTOPHER ALLEN - SECRETARY 4. KELLY NAVARRO 5. FORD PERRY 6. LINDSAY LEONARD BOARD MEMBERS OF MSA SPARTANBURG LLC: 1. MICHAEL C. RUSS - TREASURER 2. SUSANNA JOHNSON - SECRETARY 3. BENJAMIN NAVARRO 4. GEORGE JOHNSON, II 5. AMY MIMS 6. KATHY DUNLEAVY 7. GEORGE D. JOHNSON, JR. 8. SUSU JOHNSON BOARD MEMBERS OF BRENTWOOD: 1. BENJAMIN NAVARRO - PRESIDENT 2. SUSAN SHULER - TREASURER 3. CHRISTOPHER ALLEN - SECRETARY 4. KELLY NAVARRO 5. FORD PERRY 6. LINDSAY LEONARD BOARD MEMBERS OF MSA CHARLESTON LLC: 1. BENJAMIN NAVARRO - PRESIDENT 2. SUSAN SHULER - TREASURER 3. CHRISTOPHER ALLEN - SECRETARY 4. KELLY NAVARRO 5. FORD PERRY 6. LINDSAY LEONARD FORM 990, PART VI, SECTION A, LINE 2 BENJAMIN NAVARRO AND KELLY NAVARRO HAVE A FAMILY RELATIONSHIP. BENJAMIN NAVARRO, SUSAN SHULER, AND CHRISTOPHER ALLEN HAVE A DIRECT BUSINESS RELATIONSHIP VIA SHERMAN CAPITAL. BENJAMIN NAVARRO AND FORD PERRY HAVE A DIRECT BUSINESS RELATIONSHIP VIA BEEMOK CAPITAL LLC. FORM 990, PART VI, SECTION A, LINE 4 THE BYLAWS WERE AMENDED TO UPDATE THE MANNER IN WHICH DIRECTORS ARE APPOINTED OR REMOVED. FORM 990, PART VI, SECTION B, LINE 11B SUSAN SHULER, THE MEETING STREET SCHOOLS'S TREASURER, REVIEWS THE FORM 990 BEFORE IT IS FILED. A COPY OF FORM 990 IS THEN PROVIDED TO ALL BOARD MEMBERS BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON: (A) HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY, (B) HAS READ AND UNDERSTANDS THE POLICY, (C) HAS AGREED TO COMPLY WITH THE POLICY, AND (D) UNDERSTANDS THE ORGANIZATION IS CHARITABLE AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. TO ENSURE THE ORGANIZATION OPERATES IN A MANNER CONSISTENT WITH CHARITABLE PURPOSES AND DOES NOT ENGAGE IN ACTIVITIES THAT COULD JEOPARDIZE ITS TAX-EXEMPT STATUS, PERIODIC REVIEWS ARE CONDUCTED. THE PERIODIC REVIEWS AT A MINIMUM INCLUDE THE FOLLOWING SUBJECTS: (A) WHETHER COMPENSATION ARRANGEMENTS AND BENEFITS ARE REASONABLE, BASED ON COMPETENT SURVEY INFORMATION AND THE RESULT OF ARM'S LENGTH BARGAINING. (B) WHETHER PARTNERSHIPS, JOINT VENTURES, AND ARRANGEMENTS WITH MANAGEMENT ORGANIZATIONS CONFORM TO THE ORGANIZATIONS' WRITTEN POLICIES, ARE PROPERLY RECORDED, REFLECT REASONABLE INVESTMENT OR PAYMENTS FOR GOODS AND SERVICES, FURTHER CHARITABLE PURPOSES AND DO NOT RESULT IN INUREMENT, IMPERMISSIBLE PRIVATE BENEFIT OR IN AN EXCESS BENEFIT TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION FOR ALL EMPLOYEES IS DETERMINED USING LOCAL SCHOOL DISTRICT COMPENSATION DATA. THROUGH THE BUDGET PROCESS, THE ENTIRE BOARD APPROVES ALL COMPENSATION MATTERS. BOARD REVIEW AND APPROVAL IS DOCUMENTED IN MEETING MINUTES. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND OTHER FINANCIAL DOCUMENTS ARE AVAILABLE UPON WRITTEN REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM PRIOR YEARS. MEETING STREET ACADEMY - CHARLESTON LLC 200 MEETING STRET SUITE 206 CHARLESTON SC 29401 611661527 PRIVATE SCHOOL SC 6663698 16926306 MEETING STREET SCHOOLS MEETING STREET ACADEMY - SPARTANBURG LLC 200 MEETING STRET SUITE 206 CHARLESTON SC 29401 383853462 PUBLIC SCHOOL SC 4886694 4151499 MEETING STREET SCHOOLS MEETING STREET ELEMENTARY AT BRENTWOOD 200 MEETING STRET SUITE 206 CHARLESTON SC 29401 611732980 PUBLIC SCHOOL SC 11183219 5869194 MEETING STREET SCHOOLS MSA CHARLESTON REAL ESTATE LLC (INACTIVE) 200 MEETING STRET SUITE 206 CHARLESTON SC 29401 364804310 INACTIVE SC MEETING STREET SCHOOLS MEETING STREET ELEMENTARY AT BURNS LLC 200 MEETING STRET SUITE 206 CHARLESTON SC 29401 352619789 PUBLIC SCHOOL SC 7552382 2302765 MEETING STREET SCHOOLS