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BROOKLYN PROSPECT CHARTER SCHOOL: Form 990, tax year 2019

View the entire original 990 at ProPublica ↗

Organization
BROOKLYN PROSPECT CHARTER SCHOOL (EIN 26-3206518)
Tax period
2019-07-01 to 2020-06-30
Filed
2021-05-17
IRS object ID
202121379349306152
Schema version
2019v5.2
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 ReturnHeader

FieldValueIRS element (for citing)
Return2021-05-17T13:48:40-05:00ReturnTs
Tax Period End2020-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN271728945PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1PKF O'CONNOR DAVIESBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1665 FIFTH AVENUEAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10022ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2019-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN263206518EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1BROOKLYN PROSPECT CHARTER SCHOOLBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlBROOBusinessNameControlTxt
Phone7186431086PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1355 BRIDGE STREETAddressLine1Txt
CityBROOKLYNCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11201ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJILL INBARPersonNm
Person TitleBOARD CHAIRPersonTitleTxt
Phone7186431086PhoneNum
Signature2021-05-17SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonGARRETT M HIGGINSPreparerPersonNm
PTINP00543209PTIN
Phone2122862600PhoneNum
Preparation2021-05-05PreparationDt
FieldValueIRS element (for citing)
Tax2019TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerJILL INBARPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1355 BRIDGE STREETAddressLine1Txt
CityBROOKLYNCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11201ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$34,456,457GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.BROOKLYNPROSPECT.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2008FormationYr
Legal Domicile StateNYLegalDomicileStateCd
Activity Or MissionOUR SCHOOL PREPARES STUDENTS FOR SUCCESS AS GLOBAL CITIZENS.ActivityOrMissionDesc
Voting Members Governing Body8VotingMembersGoverningBodyCnt
Voting Members Independent8VotingMembersIndependentCnt
Total Employee382TotalEmployeeCnt
Total Volunteers130TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$1,812,316PYContributionsGrantsAmt
CY Contributions Grants$2,030,773CYContributionsGrantsAmt
PY Program Service Revenue$29,543,994PYProgramServiceRevenueAmt
CY Program Service Revenue$32,143,377CYProgramServiceRevenueAmt
PY Investment Income$1,477PYInvestmentIncomeAmt
CY Investment Income$1,828CYInvestmentIncomeAmt
PY Other Revenue$641,774PYOtherRevenueAmt
CY Other Revenue$280,479CYOtherRevenueAmt
PY Total Revenue$31,999,561PYTotalRevenueAmt
CY Total Revenue$34,456,457CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$19,761,672PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$21,952,303CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$115,561CYTotalFundraisingExpenseAmt
PY Other Expenses$11,345,416PYOtherExpensesAmt
CY Other Expenses$13,760,134CYOtherExpensesAmt
PY Total Expenses$31,107,088PYTotalExpensesAmt
CY Total Expenses$35,712,437CYTotalExpensesAmt
PY Revenues Less Expenses$892,473PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$1,255,980CYRevenuesLessExpensesAmt
Total Assets BOY$8,556,748TotalAssetsBOYAmt
Total Assets EOY$11,861,587TotalAssetsEOYAmt
Total Liabilities BOY$3,381,442TotalLiabilitiesBOYAmt
Total Liabilities EOY$5,764,456TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$5,175,306NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$6,097,131NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionSERVING KINDERGARTEN THROUGH TWELFTH GRADE, BROOKLYN PROSPECT PAIRS STUDENTS WITH EXCELLENT TEACHERS IN A COLLEGE PREPARATORY ENVIRONMENT USING THE INTERNATIONAL BACCALAUREATE PROGRAM. WE PREPARE STUDENTS TO BECOME GLOBAL CITIZENS AND HELP THEM TO DEVELOP THE LOVE OF LEARNING THAT PROVIDES THE FOUNDATION FOR LIFELONG PERSONAL AND ACADEMIC SUCCESS.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$30,640,311ExpenseAmt
Revenue$32,094,201RevenueAmt
DescBROOKLYN PROSPECT CHARTER SCHOOL IS AN EDUCATIONAL CORPORATION THAT OPERATES THREE CHARTER SCHOOLS IN THE BOROUGH OF BROOKLYN, NEW YORK. AT BROOKLYN PROSPECT, WE BELIEVE THAT FAMILIES SHOULDN'T HAVE TO CHOOSE BETWEEN STRONG ACADEMICS AND A DIVERSE COMMUNITY. AT THE HEART OF OUR PROGRAM ARE THREE KEY COMMITMENTS: DIVERSITY, WORLD-CLASS ACADEMICS, AND EXCELLENT TEACHING. FOR THE 2019-2020 SCHOOL YEAR, WE SERVED APPROXIMATELY 1,460 STUDENTS IN GRADES KINDERGARTEN THROUGH TWELFTH.Desc
Total Program Service Expenses$30,640,311TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other AssetsYes (1)ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School OperatingYes (1)SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document88IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee382EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members8GoverningBodyVotingMembersCnt
Independent Voting Member8IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesYes (1)DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1HILLARY PRINCEBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone7186431086PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1355 BRIDGE STREETAddressLine1Txt
CityBROOKLYNCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11201ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (14 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtHighest Compensated EmployeeHighestCompensatedEmployeeIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerInd
JUMAANE SAUNDERS
PRINCIPAL, ELEMENTARY SCHOOL40.00Yes (X)$139,053$0$25,980
CAROLYN MICHAEL
PRINCIPAL, MIDDLE SCHOOL40.00Yes (X)$126,222$0$28,683
KIM RACCIO
PRINCIPAL, HIGH SCHOOL40.00Yes (X)$128,512$0$14,170
JACKLYN DELUCA
PRINCIPAL, MIDDLE SCHOOL40.00Yes (X)$129,282$0$7,343
KELLY VAUGN
TEACHER40.00Yes (X)$111,822$0$24,981
JILL INBAR
BOARD CHAIR1.00$0$0$0Yes (X)Yes (X)
CHRISTINE BURKE
TREASURER1.00$0$0$0Yes (X)Yes (X)
GRAVELLE PIERRE
SECRETARY1.00$0$0$0Yes (X)Yes (X)
SAM KOCH
TRUSTEE1.00$0$0$0Yes (X)
AHMED HAQUE
TRUSTEE1.00$0$0$0Yes (X)
DAVID VON SPRECKELSON
TRUSTEE1.00$0$0$0Yes (X)
JILIAN GERSTEN
TRUSTEE1.00$0$0$0Yes (X)
SARA KEENAN
TRUSTEE1.00$0$0$0Yes (X)
ROHAN GOPALDAS
TRUSTEE (THRU SEP 2019)1.00$0$0$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$634,891TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$101,157TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K12IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (4 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
PROSPECT SCHOOLS INC
355 BRIDGE STREETBROOKLYNNY11201MANAGEMENT SERVICES$3,584,084
ATLANTIC PROGRAM OF DE LAGE LANDEN
PO BOX 41602PHILADELPHIAPA19101PRINTER/COPYING SERVICES$185,850
SCHOOL PROFESSIONAL
622 THIRD AVENUE 39TH FLNEW YORKNY10017EDUCATION SERVICES$156,861
GLOBAL SYSTEMS 365
PO BOX 734CENTRAL ISLIPNY11722TECHNOLOGY SERVICES$125,270
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K4CntrctRcvdGreaterThan100KCnt
Government Grants$1,747,308GovernmentGrantsAmt
All Other Contributions$283,465AllOtherContributionsAmt
Total Contributions$2,030,773TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (5 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
GOV'T PER-PUPIL REVENUE611110$27,504,743$27,504,743
GOV'T PER-PUPIL REV.- FACILITIES611110$4,308,645$4,308,645
AFTER SCHOOL PROGRAM611110$216,635$216,635
FIELD TRIPS AND EVENTS611110$64,178$64,178
EXAM/OTHER PARENT PAYMENTS611110$49,176$49,176
FieldValueIRS element (for citing)
Total Program Service Revenue$32,143,377TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,828TotalRevenueColumnAmt
Exclusion$1,828ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtExclusionExclusionAmt
REIMBURSEMENTS900099$268,810$268,810
OTHER REVENUE900099$11,669$11,669
FieldValueIRS element (for citing)
Other Revenue Total$280,479OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$34,456,457TotalRevenueColumnAmt
Related Or Exempt Func Income$32,143,377RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$282,307ExclusionAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$17,856,699TotalAmt
Program Services$17,112,085ProgramServicesAmt
Management And General$718,979ManagementAndGeneralAmt
Fundraising$25,635FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$561,544TotalAmt
Program Services$538,095ProgramServicesAmt
Management And General$22,641ManagementAndGeneralAmt
Fundraising$808FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$1,971,834TotalAmt
Program Services$1,889,494ProgramServicesAmt
Management And General$79,504ManagementAndGeneralAmt
Fundraising$2,836FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$1,562,226TotalAmt
Program Services$1,496,990ProgramServicesAmt
Management And General$62,989ManagementAndGeneralAmt
Fundraising$2,247FundraisingAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$3,890,931TotalAmt
Program Services$1,322,917ProgramServicesAmt
Management And General$2,529,105ManagementAndGeneralAmt
Fundraising$38,909FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$21,958TotalAmt
Management And General$21,958ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$72,501TotalAmt
Management And General$72,501ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$522,099TotalAmt
Program Services$375,235ProgramServicesAmt
Management And General$146,802ManagementAndGeneralAmt
Fundraising$62FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$444,343TotalAmt
Program Services$365,174ProgramServicesAmt
Management And General$78,671ManagementAndGeneralAmt
Fundraising$498FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$166,264TotalAmt
Program Services$153,168ProgramServicesAmt
Management And General$12,931ManagementAndGeneralAmt
Fundraising$165FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$6,515,389TotalAmt
Program Services$6,232,227ProgramServicesAmt
Management And General$273,667ManagementAndGeneralAmt
Fundraising$9,495FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$28,101TotalAmt
Program Services$27,012ProgramServicesAmt
Management And General$1,089ManagementAndGeneralAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$195,837TotalAmt
Program Services$191,413ProgramServicesAmt
Management And General$4,271ManagementAndGeneralAmt
Fundraising$153FundraisingAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$5,838TotalAmt
Management And General$5,838ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$786,046TotalAmt
Management And General$786,046ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$124,414TotalAmt
Management And General$124,414ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
CURRICULUM & CLASSROOM$772,356$772,356
PROFESSIONAL DEVELOP.$158,689$152,099$6,363$227
PARENT TEACHER ORG.$34,526$34,526
STUDENT AND STAFF MEALS$12,046$12,046

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$8,796TotalAmt
Management And General$8,796ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$35,712,437TotalAmt
Program Services$30,640,311ProgramServicesAmt
Management And General$4,956,565ManagementAndGeneralAmt
Fundraising$115,561FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$392,814BOYAmt
EOY$207,869EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$796,731BOYAmt
EOY$4,279,762EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$513,481BOYAmt
EOY$1,058,353EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$140,954BOYAmt
EOY$142,736EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$8,570,741LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$4,098,311LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$4,887,391BOYAmt
EOY$4,472,430EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$1,825,377BOYAmt
EOY$1,700,437EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$8,556,748BOYAmt
EOY$11,861,587EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$664,830BOYAmt
EOY$253,925EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$24,603BOYAmt
EOY$30,291EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$2,692,009BOYAmt
EOY$5,480,240EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$3,381,442BOYAmt
EOY$5,764,456EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$5,175,306BOYAmt
EOY$6,097,131EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$5,175,306BOYAmt
EOY$6,097,131EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$8,556,748BOYAmt
EOY$11,861,587EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss-$1,255,980ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$2,177,805OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$5,239,802OtherCostOrOtherBasisAmt
Depreciation$1,924,962DepreciationAmt
Book Value$3,314,840BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$1,545,414OtherCostOrOtherBasisAmt
Depreciation$876,088DepreciationAmt
Book Value$669,326BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$1,785,525OtherCostOrOtherBasisAmt
Depreciation$1,297,261DepreciationAmt
Book Value$488,264BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$4,472,430TotalBookValueLandBuildingsAmt

Other Assets Org OtherAssetsOrgGrp (2 entries)

DescDescBook ValueBookValueAmt
SECURITY DEPOSIT$1,534,497
DUE FROM AFFILIATE$165,940
FieldValueIRS element (for citing)
Total Book Value Other Assets$1,700,437TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)

DescDescAmtAmt
DEFERRED RENT$1,906,301
PAYCHECK PROTECTION PROGRAM LOAN$3,573,939
FieldValueIRS element (for citing)
Total Liability$5,480,240TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$36,867,971TotalRevEtcAuditedFinclStmtAmt
Donated Services And Use Fclts$233,709DonatedServicesAndUseFcltsAmt
Other Revenue$2,177,805OtherRevenueAmt
Revenue Not Reported$2,411,514RevenueNotReportedAmt
Revenue Subtotal$34,456,457RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$34,456,457TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$35,946,146TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$233,709DonatedServicesUseFcltsAmt
Expenses Not Reported$233,709ExpensesNotReportedAmt
Expenses Subtotal$35,712,437ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$35,712,437TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART X, LINE 2:THE SCHOOL RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE SCHOOL HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE SCHOOL IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR YEARS PRIOR TO JUNE 30, 2017.
PART XI, LINE 2D - OTHER ADJUSTMENTS:WRITE-OFF OF UNAMORTIZED DEFERRED RENT LIABILITY 2,177,805.

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (1)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (1)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast Media0PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (1)MaintainRacialCompRecsInd
Maintain Scholarships RecsYes (1)MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (1)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (1)MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts0DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy0DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty0DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs0DiscriminateRaceSchsInd
Discriminate Race Educ Plcy0DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts0DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog0DiscriminateRaceAthltProgInd
Discriminate Race Other Acty0DiscriminateRaceOtherActyInd
Government Financial Aid RcvdYes (1)GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd0GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (1)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE E, PART I, LINE 3AS A PUBLIC SCHOOL, SUBJECT TO OPEN ENROLLMENT, THE CHARTER SCHOOL IS NOT SUBJECT TO THE SPECIFIC GUIDELINES SET FORTH IN REV. PROV. 75-50 AND AS MODIFIED BY REV. PROC. 2019-22.
SCHEDULE E, PART I, LINE 6THE SCHOOL RECEIVES PER-PUPIL FUNDING FROM THE NYC BOARD OF EDUCATION UNDER THEIR CHARTER AGREEMENT. THE SCHOOL ALSO RECEIVES VARIOUS FEDERAL, STATE, AND CITY FUNDS INCLUDING FEDERAL ENTITLEMENTS TO ASSIST WITH COVERING THE COST OF CERTAIN PROGRAMS.

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Compensation CommitteeYes (X)CompensationCommitteeInd
Form990 Of Other OrganizationsYes (X)Form990OfOtherOrganizationsInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance PaymentYes (1)SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (2 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
JUMAANE SAUNDERS
PRINCIPAL, ELEMENTARY SCHOOL$139,053$0$0$0$0$0$4,997$0$20,983$0$165,033$0$0$0
CAROLYN MICHAEL
PRINCIPAL, MIDDLE SCHOOL$126,222$0$0$0$0$0$5,292$0$23,391$0$154,905$0$0$0

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 3THE SCHOOL IS MANAGED BY PROSPECT SCHOOLS, INC. ("PROSPECT"), A CHARTER MANAGEMENT ORGANIZATION. PROSPECT OVERSEES THE SCHOOL IN THEIR DEVELOPMENT AND IMPLEMENTATION OF THEIR EDUCATIONAL AND INSTRUCTION PROGRAMS; SUPPORTS AND ASSISTS THE BUSINESS ADMINISTRATION OF THE SCHOOL; ASSISTS IN THE RECRUITMENT OF PERSONNEL AND PROVIDES HUMAN RESOURCES SERVICES; AND OVERSEES THE FINANCIAL SERVICES AND REPORTS FOR THE SCHOOL. FOR THE YEAR ENDED JUNE 30, 2020, THE SCHOOL PAID PROSPECT A MANAGEMENT FEE IN THE AMOUNT OF $3,890,931.
FORM 990, PART VI, SECTION B, LINE 11BTHE FORM 990 IS REVIEWED BY THE BOARD CHAIR AND TREASURER. A COMPLETE COPY OF THE RETURN IS PROVIDED TO THE ENTIRE BOARD OF TRUSTEES FOR APPROVAL PRIOR TO FILING WITH THE IRS.
FORM 990, PART VI, SECTION B, LINE 12CTHE SCHOOL HAS A CONFLICT OF INTEREST POLICY APPLICABLE TO TRUSTEES, OFFICERS, AND KEY PERSONS. UPON ELECTION OR APPOINTMENT, AND ON AN ANNUAL BASIS THEREAFTER, COVERED PERSONS MUST COMPLETE A CONFLICT OF INTEREST DISCLOSURE FORM AND MUST SIGN A STATEMENT, WHICH AFFIRMS THAT SUCH PERSON HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, HAS READ AND UNDERSTANDS THE POLICY, AND HAS AGREED TO COMPLY WITH THE POLICY. THE WRITTEN DISCLOSURE STATEMENTS ARE SUBMITTED TO AND REVIEWED BY THE CHAIRPERSON OF THE BOARD. IF A POTENTIAL CONFLICT ARISES BETWEEN ANNUAL UPDATES, THE PERSON INVOLVED HAS A DUTY TO PROMPTLY DISCLOSE ALL MATERIAL FACTS PERTAINING TO A POTENTIAL CONFLICT OF INTEREST. DETERMINATIONS REGARDING CONFLICT MATTERS ARE TO BE MADE BY THE BOARD OF TRUSTEES BY MAJORITY VOTE. AT THE TIME OF ANY DELIBERATION CONCERNING CONFLICTS OF INTEREST THE PERSON INVOLVED MUST NOT BE PRESENT, UNLESS ASKED TO PROVIDE ADDITIONAL INFORMATION, AND SUCH PERSON MAY NOT VOTE ON THE MATTER. THE EXISTENCE AND RESOLUTION OF ANY REPORTED CONFLICTS OF INTEREST ARE DOCUMENTED IN THE BOARD MINUTES.
FORM 990, PART VI, SECTION C, LINE 19THE SCHOOL MAKES ITS FORM 990, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST AT 355 BRIDGE STREET, BROOKLYN, NY 11201, OR BY CALLING THE ORGANIZATION DIRECTLY AT (718)643-1086. IN ADDITION, THE FORM 990 IS AVAILABLE ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES.
FORM 990, PART XI, LINE 9:WRITE-OFF OF UNAMORTIZED DEFERRED RENT LIABILITY 2,177,805.
FORM 990, PART XII, LINE 2C:THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES IS RESPONSIBLE FOR OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.

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