2021-04-01T08:29:58-05:00 2020-06-30 161092347 MENGEL METZGER BARR & CO LLP 100 CHESTNUT STREET SUITE 1200 ROCHESTER NY 14604 990 2019-07-01 743161540 INTERNATIONAL LEADERSHIP CHARTER HIGH SCHOOL INTE 7185622300 3030 RIVERDALE AVENUE BRONX NY 10463 DR ELAINE RUIZ LOPEZ CEO 7185622300 2021-03-09 1 JACQUELINE B LEE CPA P00842765 5854231860 2021-03-09 2019 2022-09-23 18:48:47Z DR ELAINE RUIZ LOPEZ 3030 RIVERDALE AVENUE BRONX NY 10463 6579537 0 X WWW.ILCHS.ORG X 2006 NY 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. 7 7 52 7 0 0 345913 320453 5669269 6229939 35941 29145 0 0 6051123 6579537 0 0 0 0 2325580 2411213 0 0 0 3670735 3693961 5996315 6105174 54808 474363 22713425 22767418 20529820 20279800 2183605 2487618 X 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. 0 0 5226829 6229939 THE SCHOOL IMPLEMENTS AN ACADEMICALLY RIGOROUS REGENTS AND COLLEGE-PREPARATORY CURRICULUM THAT ELEVATES STUDENTS' INTELLECTUAL CAPACITY AND PROVIDES A SUPERIOR HIGH SCHOOL EDUCATION THAT HAS GAINED NATIONAL RECOGNITION PROVING THAT OUR ACADEMICALLY RIGOROUS PROGRAM IS EFFECTIVE, DEDICATED TO EMPOWERING TOMORROW'S LEADERS. FROM 2014 THROUGH THE PRESENT, THE SCHOOL PLACED IN THE TOP 1% OF HIGH SCHOOLS AND WAS THE RECIPIENT OF A BRONZE AWARD FROM THE US NEWS & WORLD REPORT FOR BEST HIGH SCHOOLS 2013. NATIONALLY THE SCHOOL'S ACADEMIC PROGRAM HAS PRODUCED A SCHOOL WITH AN AVERAGE GRADUATION RATE OF 95% (THE MAJORITY OF WHOM MATRICULATED INTO A 4-YEAR COLLEGE OR UNIVERSITY) AND REGENT EXAM SCORES HIGHER THAN SCHOOLS IN ITS DISTRICT AND THE STATE ON MARCH 21, 2013. THE SCHOOL BECAME THE FIRST CHARTER SCHOOL TO SUCCESSFULLY CLOSE ON A $17,750,000 MUNICIPAL BOND FINANCING ISSUED BY BUILD NYC FOR A NEW FACILITY. WE HAVE A STRATEGIC 18 MONTH PLAN FOR THE DESIGN AND CONSTRUCTION OF A STATE OF THE ART SCHOOL FACILITY. THE NEW FACILITY WILL BE A 28,500 SQUARE FOOT, THREE-STORY, STATE OF THE ART FACILITY THAT WILL CONTAIN 17 CLASSROOMS AND NINE FLEX ROOMS, SUPPORTING STUDENT ACTIVITIES AND DEVELOPMENT SPACE, AND WITH THE CAPACITY TO ACCOMMODATE APPROXIMATELY 400 STUDENTS. THIS WILL ALLOW THE SCHOOL TO EXPAND ITS STUDENT CURRENT ENROLLMENT TO 400 STUDENTS. THE NEW FACILITY WILL BE LOCATED ON TWO CONTIGUOUS PARCELS TOTALING 15,400 SQUARE FEET AT 322 WEST 231ST STREET IN THE KINGSBRIDGE NEIGHBORHOOD OF THE BRONX. 5226829 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 7 0 52 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X DR ELAINE RUIZ LOPEZ CEO 7185622300 3030 RIVERDALE AVE BRONX NY 10463 YAHIRA RICARDO PARENT MEMBER 2.50 X 0 0 0 MARIA GARCIA PARENT MEMBER 2.50 X 0 0 0 ADDY RIVAS MEMBER 2.50 X 0 0 0 DOREEN BERMUDEZ SECRETARY 2.50 X X 0 0 0 VAGNES DE LA ROSA CHAIR 2.50 X X 0 0 0 ANNY RIVAS TREASURER 2.50 X X 0 0 0 NATALIE LOZADA MEMBER 2.50 X 0 0 0 DR ELAINE RUIZ LOPEZ CEO 60.00 X 226880 0 24210 226880 0 24210 1 0 1 0 REVOLUTION FOODS INC PO BOX 742759 LOS ANGELES CA 90074 SCHOOL MEALS 272063 WINFIELD SECURITY 57 WEST 38TH STREET 5TH FLOOR NEW YORK NY 10018 SECURITY SERVICES 191680 ACCOUNTING SOLUTIONS OF NEW YORK INC 16 RYAN STREET SYOSSET NY 11791 ACCOUNTING FEES 102142 3 285951 34502 320453 PER PUPIL FUNDING 611110 6229939 6229939 6229939 29145 29145 6579537 6229939 0 29145 257706 193279 64427 1814598 1662883 151715 14421 12960 1461 153184 141406 11778 171304 153950 17354 74679 74679 146043 146043 365652 333934 31718 111803 95033 16770 73269 62279 10990 94103 79988 14115 1282981 1090534 192447 2445 2078 367 525587 446749 78838 135739 115378 20361 STUDENT SERVICES 233315 233315 FOOD SERVICE 181086 181086 OTHER 149143 126772 22371 REPAIRS & MAINTENANCE 118495 100721 17774 199621 194484 5137 6105174 5226829 878345 0 226742 222970 177131 518477 173583 34001 19639 21023282 2448160 18989359 18575122 3286192 3257627 22713425 22767418 771456 768231 169578 18963071 18571838 368500 625715 571231 20529820 20279800 X 2183605 2487618 2183605 2487618 22713425 22767418 474363 -170350 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2530000 2530000 18012956 2035875 15977081 480326 412285 68041 18575122 RESTRICTED CASH 3182178 CASH IN ESCROW 75449 3257627 ACCRUED INTEREST PAYABLE 571231 571231 X 6579537 0 6579537 0 6579537 6105174 0 6105174 0 6105174 PART X, LINE 2: 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, 2017 THROUGH JUNE 30, 2020 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. 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 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. X 0 0 0 0 0 0 0 0 0 DR ELAINE RUIZ LOPEZ CEO 226880 0 0 0 0 0 0 0 24210 0 251090 0 0 0 A BUILD NYC RESOURCE CORP 454040561 12008EBC9 2013-03-01 2920000 SPEC LIMITED REV OBLIGIATIONS 0 0 0 B BUILD NYC RESOURCE CORP 454040561 12008EBD7 2013-03-01 5360000 SPEC LIMITED REV OBLIGIATIONS 0 0 0 C BUILD NYC RESOURCE CORP 454040561 12008EBB1 2013-03-01 9470000 SPEC LIMITED REV OBLIGIATIONS 0 0 0 D BUILD NYC RESOURCE CORP 454040561 12008ELU8 2016-07-15 2905000 SPEC LIMITED REV OBLIGIATIONS 0 0 0 A 1460000 17750000 1289650 1306400 624890 14529060 1 0 0 0 B 1 0 0 0 C 0 0 0 0 D 2905000 235000 58100 2304271 307629 0 0 0 0 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 0 D 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 1 B 0 0 0 0 0 0 0 0 1 C 0 0 0 0 0 0 0 0 1 D 0 0 0 0 0 0 0 0 1 A 0 B 0 C 0 D 0 PART VI 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. THE AMOUNT OF THE INTEREST THAT WAS CAPITALIZED AS IT RELATED TO THE FINANCING OF THE SCHOOLS FACILITY WAS $551,999 FOR THE YEAR ENDED JUNE 30, 2015. PRINCIPAL AND INTEREST PAYMENTS DUE ON THE BONDS BY FISCAL YEAR ARE AS FOLLOWS: FISCAL YEAR ENDED , PRINCIPAL, INTEREST, TOTAL - 2020 $425,000 $1,161,088 $1,586,088 2021 $450,000 $1,139,713 $1,589,713 2022 $475,000 $1,116,963 $1,591,963 2023 $425,000 $1,094,650 $1,519,650 2024 $445,000 $1,062,071 $1,507,071 AND THEREAFTER $ 17,630,000 $13,388,435 $31,018,435. INTERNATIONAL LEADERSHIP CHARTER SCHOOL USED 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. ADDITIONAL BOND FINANCING OF $3,300,000 WAS OBTAINED ON JULY 15, 2016 TO PAY DOWN ADDITIONAL CONSTRUCTION COSTS. 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. FORM990, PART XII, LINE 2C: THIS PROCESS IS CONSISTENT WITH PRIOR YEAR'S FILING