2021-03-17T15:29:40-05:00 2020-06-30 271728945 PKF O'CONNOR DAVIES LLP 665 FIFTH AVENUE NEW YORK NY 10022 990 2019-07-01 204241997 PAVE SCHOOLS INC PAVE 7188587813 732 HENRY STREET BROOKLYN NY 11231 STEVE OLSON TREASURER 7188587813 2021-03-12 1 GARRETT M HIGGINS P00543209 2122862600 2021-03-12 2019 2022-09-23 18:48:47Z X PATRICK SWEENEY 732 HENRY STREET BROOKLYN NY 11231 2961820 0 X WWW.PAVESCHOOLS.ORG X 2006 NY TO SUPPORT THE OPERATION OF CHARTER SCHOOLS IN BROOKLYN, NEW YORK AND RALEIGH, NORTH CAROLINA. 6 6 16 7 0 0 2030222 1207776 1590212 1375658 1285 1249 291682 28 3913401 2584711 333000 127115 0 0 1941503 1414597 0 0 152832 2798470 2047185 5072973 3588897 -1159572 -1004186 41737975 40769276 20968675 21064348 20769300 19704928 X TO SUPPORT THE OPERATION OF CHARTER SCHOOLS IN BROOKLYN, NEW YORK, AND RALEIGH, NORTH CAROLINA, FOCUSED ON THE CORE VALUES OF PERSEVERANCE, ACHIEVEMENT, VIBRANCE, AND EXCELLENT CHARACTER, INCLUDING SUPPORT THROUGH FUNDRAISING. 0 1 2834143 127115 1375658 DURING THE FISCAL YEAR ENDED JUNE 30, 2020, THE ORGANIZATION PROVIDED MANAGEMENT, ADMINISTRATION, FACILITY DEVELOPMENT, AND FUNDRAISING SERVICES TO TWO CHARTER SCHOOLS LOCATED IN NEW YORK CITY AND RALEIGH, NORTH CAROLINA. 2834143 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 18 0 16 1 0 0 0 0 0 0 0 0 0 0 0 0 X 6 6 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY NC X X LISA LURIE 7188587813 732 HENRY STREET BROOKLYN NY 11231 LINDSAY DANON MANAGING DIRECTOR 45.00 X 193274 0 4402 KELLY ANDERSON CHIEF DEVELOPMENT OFF. THRU 3/13/20 45.00 X 166944 0 11948 JULIAN ROBERTSON CHIEF EXECUTIVE OFFICER THRU 6/30/20 45.00 X 131281 0 45920 DARREN HORN DIRECTOR OF MS MATH CURRICULUM 45.00 X 135925 0 3186 CHRISTINE YOUNG DIRECTOR OF CURRICULUM & ASSESSMENT - ELA 45.00 X 118626 0 18120 MIRIAM BARRY CURRICULUM SPECIALIST 45.00 X 112795 0 23752 LISA LURIE MANAGING DIRECTOR, FINANCE 45.00 X 127917 0 4179 PATRICK SWEENEY BOARD CHAIR AND PRESIDENT 1.00 X X 0 0 0 STEVE OLSON TREASURER 1.00 X X 0 0 0 JENNY BLAIR TRUSTEE 1.00 X 0 0 0 RICK GERSON TRUSTEE 1.00 X 0 0 0 DYLAN GLENN TRUSTEE 1.00 X 0 0 0 COLEMAN KENNEDY TRUSTEE 1.00 X 0 0 0 SOPHIE LIPPINCOTT FERRER TRUSTEE THRU MARCH 2020 1.00 X 0 0 0 986762 0 111507 7 0 1 0 CHARTER SCHOOL BUSINESS MANAGEMENT 237 W 35TH ST 301 NEW YORK NY 10001 FINANCIAL MANAGEMENT SERVICES 182424 TENSQUARE 1101 17TH STREET NW SUITE 200 WASHINGTON DC 20036 RECRUITMENT SERVICES 146625 2 1207776 222701 1207776 MANAGEMENT FEES 611430 882702 882702 PROGRAM RELATED INT. 531390 338535 338535 RENTAL INCOME 532000 153421 153421 SCHOOL BUS TRANS. 480000 1000 1000 1375658 2637 2637 375721 377109 -1388 -1388 -1388 OTHER INCOME 900099 28 28 28 2584711 1375658 0 1277 X 127115 127115 641118 383233 152473 105412 590564 439087 135895 15582 10636 7322 1843 1471 70307 46952 16425 6930 101972 69865 22579 9528 7717 7717 25000 25000 5323 5262 61 364588 132354 230730 1504 24051 10619 1180 12252 35037 31534 3503 198769 198590 179 4366 4366 333943 333943 993569 993185 384 26997 24982 2015 STAFF MEALS AND EVENTS 15750 14367 1383 MISCELLANEOUS 10524 10331 193 UNRELATED BUSN INC EXP 1551 1036 362 153 3588897 2834143 601922 152832 1612060 1814656 132358 163845 50000 0 12506 7285 39354152 7659975 32741234 31694177 154408 0 6716175 6661845 319234 427468 41737975 40769276 75087 208222 20893588 20856126 20968675 21064348 X 20719300 19704928 50000 0 20769300 19704928 41737975 40769276 X -1004186 -60186 X X 0 1 X 1 0 X 4381352 1909706 1866891 2230222 1207776 11595947 4381352 1909706 1866891 2230222 1207776 11595947 6850946 4745001 10388 3 651 1285 2637 14964 92607 6606 99213 30181 565 3320 291682 28 325776 12035900 6744533 0.39420 0.35680 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2015 AMOUNT: $ 30,181. 2016 AMOUNT: $ 565. 2017 AMOUNT: $ 3,320. 2019 AMOUNT: $ 28. FORGIVENESS OF RENTAL OBLIGATION - 2018 AMOUNT: $ 291,682. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 577000 577000 38113947 7157843 30956104 608455 463224 145231 54750 38908 15842 31694177 RELATED PARTY - LEASE RECEIVABLE 6661845 C 6661845 X 2751299 166588 166588 2584711 0 2584711 3815671 166588 60186 226774 3588897 0 3588897 PART X, LINE 2: PAVE SCHOOLS RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT PAVE SCHOOLS HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. PAVE SCHOOLS IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR YEARS PRIOR TO JUNE 30, 2017. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF PROPERTY 60,186. 1 PAVE SOUTHEAST RALEIGH CHARTER SCHOOL 3420 IDLEWOOD VILLAGE DR RALEIGH NC 27610 464215646 501(C)(3) 127115 GENERAL OPERATING SUPPORT. 1 0 PART I, LINE 2: THE ORGANIZATION GRANTED FUNDS TO A SINGLE AFFILIATED SCHOOL TO WHICH IT PROVIDED MANAGEMENT SERVICES. THE ORGANIZATION WAS THEREBY ABLE TO MONITOR THE USE OF THE FUNDS IT AWARDED BY VIRTUE OF MANAGING AND SUPPORTING THE RECIPIENT ORGANIZATION. X X 0 0 0 0 0 0 0 0 0 LINDSAY DANON MANAGING DIRECTOR 193189 0 0 0 85 0 3864 0 538 0 197676 0 0 0 KELLY ANDERSON CHIEF DEVELOPMENT OFF. THRU 3/13/20 166860 0 0 0 84 0 0 0 11948 0 178892 0 0 0 JULIAN ROBERTSON CHIEF EXECUTIVE OFFICER THRU 6/30/20 131140 0 0 0 141 0 2836 0 43084 0 177201 0 0 0 X 2 222701 AVG SELLING PRICE 0 0 0 0 PART I, COLUMN (B): COLUMN (B) REPORTS THE NUMBER OF CONTRIBUTORS. FORM 990, PART III, LINE 3 AS OF JUNE 30, 2020, THE CHARTER SCHOOL MANAGEMENT AGREEMENTS THAT THE ORGANIZATION HAD WITH PAVE ACADEMY CHARTER SCHOOL IN BROOKLYN, NEW YORK, AND PAVE SOUTHEAST CHARTER SCHOOL IN RALEIGH, NORTH CAROLINA, WERE MUTUALLY TERMINATED. THE ORGANIZATION CONTINUES TO SUPPORT THE EFFORTS OF THE PAVE SCHOOLS BY LEASING PROPERTY TO THE BROOKLYN SCHOOL. FORM 990, PART VI, SECTION B, LINE 11B PAVE SCHOOLS, INC. HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. WHEN THE FORM 990 HAS BEEN PREPARED, REVIEWED BY THE MANAGEMENT AND IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE, IT IS ELECTRONICALLY SENT TO THE BOARD MEMBERS OF THE ORGANIZATION FOR ANY COMMENTS. ANY COMMENTS ARE THEN GROUPED, SUMMARIZED AND PROVIDED TO THE OUTSIDE ACCOUNTANTS. EACH ISSUE IS DOCUMENTED AND ADDRESSED UNTIL THE RETURN IS FINALIZED AND APPROVED FOR FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS APPLICABLE TO OFFICERS, TRUSTEES, BOARD MEMBERS AND EMPLOYEES. ALL APPLICABLE INDIVIDUALS ARE REQUIRED TO SIGN A CONFLICT OF INTEREST AGREEMENT ANNUALLY. AN INTERESTED PERSON MAKES A PRESENTATION AT THE GOVERNING BOARD OR COMMITTEE MEETING, BUT AFTER THE PRESENTATION, HE/SHE LEAVES THE MEETING DURING THE DISCUSSION OF THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST. THE CHAIRPERSON OF THE GOVERNING BOARD OR COMMITTEE APPOINTS A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER EXERCISING DUE DILIGENCE, THE GOVERNING BOARD OR COMMITTEE DETERMINES BY A MAJORITY VOTE WHETHER A CONFLICT OF INTEREST EXISTS. DELIBERATION AND DECISIONS ARE RECORDED IN THE MINUTES OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 15 DURING THE 2019 FISCAL YEAR, THE ORGANIZATION USED A PROCESS TO DETERMINE THE COMPENSATION OF THE CEO AND OTHER OFFICERS AND KEY EMPLOYEE WHICH INCLUDED THE USE OF A NEW YORK CITY CHARTER SCHOOL COMPENSATION BENCHMARKING REPORT AND INDUSTRY AVERAGES FOR EDUCATION AND NONPROFIT. FISCAL YEAR 2020 COMPENSATION WAS BASED ON PRIOR YEAR WITH MODEST COST OF LIVING INCREASES. COMPENSATION AMOUNTS FOR THE CEO AND OTHER OFFICERS AND KEY EMPLOYEE ARE APPROVED BY THE BOARD OF TRUSTEES AS PART OF THE ANNUAL BUDGET PROCESS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. THE RETURN IS POSTED ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, THE FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, ARTICLES OF INCORPORATION AND BY-LAWS ARE ALSO AVAILABLE UPON WRITTEN REQUEST AT 732 HENRY STREET, BROOKLYN, NY 11231, OR BY CALLING THE ORGANIZATION DIRECTLY AT (718)858-7813. FORM 990, PART IX, LINE 11G OUTSIDE SERVICES AND CONSULTING: PROGRAM SERVICE EXPENSES 34,455. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 34,455. PAYROLL PROCESSING: PROGRAM SERVICE EXPENSES 10,186. MANAGEMENT AND GENERAL EXPENSES 3,563. FUNDRAISING EXPENSES 1,504. TOTAL EXPENSES 15,253. FINANCIAL MANAGEMENT SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 217,421. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 217,421. STAFF RECRUITMENT: PROGRAM SERVICE EXPENSES 87,713. MANAGEMENT AND GENERAL EXPENSES 9,746. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 97,459. FORM 990, PART XI, LINE 9: LOSS ON DISPOSAL OF PROPERTY -60,186. FORM 990, PARK XII, LINE 2C: THE ORGANIZATION HAS A FINANCE COMMITTEE THAT IS RESPONSIBLE FOR OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT AUDITOR. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. PACS 732 HENRY LLC 732 HENRY STREET BROOKLYN NY 11231 593843228 REAL ESTATE DE 2637 31720871 PAVE SCHOOLS INC PAVE 2801 SOUTH WILMINGTON LLC 732 HENRY STREET BROOKLYN NY 11231 473035043 REAL ESTATE DE 0 43554 PAVE SCHOOLS INC PAVE 238 CONOVER LLC 732 HENRY STREET BROOKLYN NY 11231 474596255 REAL ESTATE DE 22000 16113 PAVE SCHOOLS INC PAVE 3420 IDLEWOOD VILLAGE LLC 732 HENRY STREET BROOKLYN NY 11231 812132485 REAL ESTATE DE 491956 7119713 PAVE SCHOOLS INC TRIANGLE TRANSPORTATION LLC 732 HENRY STREET BROOKLYN NY 11231 352595559 TRANSPORTATION, CEASED OPERATIONS IN JULY 2019 DE 1000 70831 PAVE SCHOOLS INC