2021-05-27T15:45:05-05:00 2020-06-30 271728945 PKF O'CONNOR DAVIES LLP 500 MAMARONECK AVENUE HARRISON NY 105281633 990 2019-07-01 434669846 CAPITAL PREPARATORY SCHOOLS INC CAPI 9178383684 777 MAIN STREET BRIDGEPORT CT 06604 DR STEPHEN PERRY CHIEF EXECUTIVE OFFICER 9178383684 2021-05-27 1 GARRETT M HIGGINS P00543209 9143818900 2021-05-14 2019 2022-09-23 18:48:47Z DR STEPHEN PERRY 777 MAIN STREET BRIDGEPORT CT 06604 3901459 0 X WWW.WEARECAPITALPREP.ORG X 2012 CT TO PROVIDE ALL STUDENTS ACCESS TO A HIGH QUALITY EDUCATION. 4 4 18 4 0 0 1776443 2030255 1462469 1871204 0 0 0 0 3238912 3901459 147518 303886 0 0 1642536 2657457 0 0 159143 593539 676066 2383593 3637409 855319 264050 4394439 4972601 1578335 1892447 2816104 3080154 TO PROVIDE ALL STUDENTS ACCESS TO A HIGH QUALITY EDUCATION BY FACILITATING AND SUPPORTING THE CREATION, OPERATION, AND MANAGEMENT OF INNOVATIVE AND EFFECTIVE SCHOOL MODELS. 0 0 2430662 303886 1871205 CAPITAL PREPARATORY SCHOOLS, INC. PROVIDED EDUCATIONAL AND MANAGEMENT SERVICES TO THE FOLLOWING SCHOOLS: CAPITAL PREPARATORY HARBOR SCHOOL, CAPITAL PREPARATORY HARLEM CHARTER SCHOOL, AND CAPITAL PREPARATORY BRONX CHARTER SCHOOL. 2430662 1 1 0 0 0 0 0 0 0 0 1 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 19 0 18 1 0 0 0 0 0 0 0 0 0 0 0 0 X 4 4 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 NY X X PAULA ALTIERI 9178383684 777 MAIN STREET BRIDGEPORT CT 06604 JILL CUTLER-HODGMAN CHIEF OF STAFF 50.00 X 178384 0 49009 PAULA ALTIERI CHIEF FINANCIAL OFFICER 50.00 X 178420 0 43552 DR STEPHEN PERRY CHIEF EXECUTIVE OFFICER 50.00 X 179375 0 206 DOLORES CONCEPCION EXEC DIR OF COMM. & DEVELOPMENT 50.00 X 152460 0 23031 TAMMY CASSILE ASSISTANT SUPERINTENDENT, STUDENT SUPPORT SVCS 50.00 X 154736 0 18039 KASHANI STOKLEY DIRECTOR OF NETWORK OPS 50.00 X 130684 0 11710 MARIYA PUSHKANTSER DIRECTOR OF CURRICULUM 50.00 X 116776 0 224 JERMAINE OTTEY DIRECTOR OF TALENT AND HUMAN RESOURCES 50.00 X 100404 0 212 LISA BUFFINGTON BOARD CHAIR 1.00 X X 0 0 0 ROBERT TYNDALL VICE CHAIR/TREASURER 1.00 X X 0 0 0 IRA RUBENSTAL SECRETARY 1.00 X X 0 0 0 BRENNAN BROWN DIRECTOR 1.00 X 0 0 0 1191239 0 145983 8 0 1 0 0 2030255 2030255 MANAGEMENT FEES 611110 1871204 1871204 1871204 3901459 1871204 0 0 303886 303886 826741 504336 274245 48160 1409994 860137 461577 88280 23615 14406 8501 708 227638 138866 81943 6829 169469 103381 61004 5084 13797 13797 21203 21203 146543 111178 32888 2477 5092 4583 509 52590 32081 18930 1579 47223 28807 16999 1417 30313 18492 10912 909 2666 1626 960 80 17406 10618 6266 522 SCHOOL COSTS 138521 138521 REPAIRS AND MAINTENANCE 97790 59655 35200 2935 PROFESSIONAL DEVELOP. 97494 96778 716 FURNISHINGS 5428 3311 1954 163 3637409 2430662 1047604 159143 3085422 3936085 200000 0 3333 0 18051 5873 2041 12178 846113 816533 257530 207805 4394439 4972601 78335 50734 1500000 1500000 0 341713 1578335 1892447 X 2816104 3052804 27350 2816104 3080154 4394439 4972601 264050 0 X 0 1 X 0 0 X 450000 1965486 1327820 1776443 2030255 7550004 450000 1965486 1327820 1776443 2030255 7550004 5869000 1681004 7550004 5090513 0.22260 0.21780 X CAPITAL PREPARATORY SCHOOLS, INC. PUBLIC SUPPORT PERCENTAGE FOR TAX YEAR 2019 IS 22.26%, UP FROM 21.78% FOR 2018 AND 15.94% IN 2017. THE ORGANIZATION ATTRACTS NEW AND ADDITIONAL PUBLIC SUPPORT ON A CONTINUOUS BASIS AND PLANS TO BROADEN ITS SUPPORT FROM AN ARRAY OF SOURCES. EVERY YEAR, THE ORGANIZATION IS INCREASING THE NUMBER OF CONTRIBUTIONS IT RECEIVES FROM NEW DONORS. THE ORGANIZATION PROVIDES CHARTER SCHOOL MANAGEMENT SERVICES TO HIGH QUALITY CHARTER SCHOOLS. AS MORE STUDENTS ENROLL IN THE CAPITAL PREPARATORY SCHOOLS, INC. NETWORK OF SCHOOLS, THE ORGANIZATION IS EXPECTING TO BROADEN ITS CONTRIBUTIONS AND ATTRACT NEW DONORS. THE ORGANIZATION HAS BEEN IN EXISTENCE SINCE 2012 AND BEGAN WITH A LIMITED RANGE OF CONTRIBUTORS. THROUGHOUT THE YEARS, THE SCHOOLS IN THE NETWORK HAVE ATTRACTED MORE ATTENTION AND INCREASED ATTENDANCE, WHICH HAS LED TO AN INCREASE IN CONTRIBUTIONS FROM NEW CONTRIBUTORS. THE ORGANIZATION'S RECOGNITION IS SLOWLY INCREASING AND WILL EVENTUALLY BE AT A POINT WHERE THE SUPPORTER AND ALUMNI BASE WILL BE LARGE ENOUGH TO HAVE A BROAD CONTRIBUTOR BASE. THE CURRENT AND POTENTIAL SUPPORTERS OF THE ORGANIZATION GIVE BECAUSE THEY CARE AND RECOGNIZE THE IMPORTANCE OF THE ORGANIZATION AND THEY RESPECT THE QUALITY OF EDUCATION THAT THE CAPITAL PREPARATORY SCHOOLS, INC. NETWORK PROVIDES. CAPITAL PREPARATORY SCHOOLS, INC.'S BOARD OF DIRECTORS IS COMPRISED OF INDIVIDUALS FROM THE LOCAL COMMUNITY WITH VARYING BACKGROUNDS WHO ARE KEENLY INTERESTED IN EDUCATION AND IN SUPPORTING THE MISSION OF THE ORGANIZATION. THE SECTORS REPRESENTED BY THE BOARD INCLUDE BUSINESS, EDUCATION, PHILANTHROPY AND ARTS. THE MEMBERS OF THE BOARD ALSO SERVE ON THE BOARDS OF HIGHLY REGARDED NON-PROFIT INSTITUTIONS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 18051 5873 12178 12178 NOTES RECEIVABLE 816533 C 816533 DEFERRED RENT 6924 PAYCHECK PROTECTION PROGRAM LOAN 334789 341713 X 3901459 0 3901459 0 3901459 3637409 0 3637409 0 3637409 PART X, LINE 2: THE ORGANIZATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE ORGANIZATION HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE ORGANIZATION IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR YEARS PRIOR TO JUNE 30, 2017. 1 CAPITAL PREP HARBOR SCHOOL 777 MAIN STREET BRIDGEPORT CT 06604 473525777 501(C)(3) 303886 GENERAL OPERATING ASSISTANCE 1 0 PART I, LINE 2: THE ORGANIZATION AWARDED A GRANT TO CAPITAL PREPARATORY HARBOR CHARTER SCHOOL FOR THE PURPOSE OF SUPPORTING GENERAL OPERATING COSTS. THE ORGANIZATION SERVES AS THE SCHOOL'S CHARTER MANAGEMENT ORGANIZATION. THE FINANCE TEAM REVIEWS ALL EXPENDITURES OF THE SCHOOL ON A MONTHLY BASIS, INCLUDING USE OF GRANT FUNDS, ENSURING THAT THE FUNDS ARE USED APPROPRIATELY. X X X X 0 0 0 0 0 0 0 0 0 JILL CUTLER-HODGMAN CHIEF OF STAFF 178384 0 0 0 0 0 7350 0 41659 0 227393 0 0 0 PAULA ALTIERI CHIEF FINANCIAL OFFICER 178420 0 0 0 0 0 3369 0 40183 0 221972 0 0 0 DR STEPHEN PERRY CHIEF EXECUTIVE OFFICER 179375 0 0 0 0 0 0 0 206 0 179581 0 0 0 DOLORES CONCEPCION EXEC DIR OF COMM. & DEVELOPMENT 152460 0 0 0 0 0 0 0 23031 0 175491 0 0 0 TAMMY CASSILE ASSISTANT SUPERINTENDENT, STUDENT SUPPORT SVCS 154736 0 0 0 0 0 6600 0 11439 0 172775 0 0 0 FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DID NOT HAVE ANY COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY DURING THE TAX YEAR. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM. THE RETURN IS REVIEWED BY MANAGEMENT AND ELECTRONICALLY PROVIDED TO ALL BOARD MEMBERS PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A CONFLICT OF INTEREST POLICY APPLICABLE TO OFFICERS, DIRECTORS, AND KEY EMPLOYEES. ON AN ANNUAL BASIS, EACH OFFICER, DIRECTOR, AND KEY EMPLOYEE MUST SIGN A STATEMENT, WHICH AFFIRMS THAT SUCH PERSON HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY AND HAS AGREED TO COMPLY WITH THE POLICY. SUCH PERSONS HAVE A DUTY TO PROMPTLY DISCLOSE THE EXISTENCE OF ANY POTENTIAL CONFLICT OF INTEREST TO THE BOARD. AFTER DISCLOSURE OF A POTENTIAL CONFLICT OF INTEREST AND ALL MATERIAL FACTS TO THE BOARD, THE PERSON INVOLVED MUST LEAVE THE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON BY THE BOARD. IF IT IS DETERMINED THAT A CONFLICT OF INTEREST EXISTS, THE INTERESTED PERSON MAY MAKE A PRESENTATION AT THE GOVERNING BOARD, BUT AFTER THE PRESENTATION, HE/SHE MUST LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT INVOLVING THE CONFLICT OF INTEREST. THE BOARD WILL DETERMINE WHETHER THE ORGANIZATION CAN OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THE GOVERNING BOARD WILL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE ORGANIZATION'S BEST INTERESTS AND WILL MAKE A DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE CHIEF EXECUTIVE OFFICER AND ALL OTHER OFFICERS AND KEY EMPLOYEES WAS DETERMINED AND APPROVED BY THE BOARD OF DIRECTORS. THE FORMS 990 OF OTHER ORGANIZATIONS, DATA GATHERED BY AN INDEPENDENT CONSULTANT, AND A COMPENSATION COMPARISON STUDY OF SIMILAR ORGANIZATIONS WAS UTILIZED AS PART OF THE PROCESS. THE PROCESS AS OUTLINED ABOVE WAS LAST CONDUCTED IN 2020 AND WAS CONTEMPORANEOUSLY DOCUMENTED. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST AT 777 MAIN STREET, BRIDGEPORT, CT 06604 OR BY CALLING THE ORGANIZATION DIRECTLY AT (917)838-3684.