2021-05-17T13:48:40-05:00 2020-06-30 271728945 PKF O'CONNOR DAVIES LLP 500 MAMARONECK AVENUE HARRISON NY 105281633 990 2019-07-01 331174065 PROSPECT SCHOOLS INC PROS 7186431086 355 BRIDGE STREET BROOKLYN NY 11201 KATE WALKER BOARD CHAIR 7186431086 2021-05-17 1 GARRETT M HIGGINS P00543209 9143818900 2021-05-17 2019 2022-09-23 18:48:47Z KATE WALKER 355 BRIDGE STREET BROOKLYN NY 11201 7039893 0 X N/A X 2007 NY TO PROVIDE COMPREHENSIVE MANAGEMENT SERVICES TO BROOKLYN PROSPECT CHARTER SCHOOL AND TO RAISE FUNDS IN SUPPORT OF THE SCHOOL. 5 5 62 5 0 0 1394963 3128718 3418397 3890931 1319 1284 -8414 18960 4806265 7039893 296344 263606 0 0 3635803 4696713 0 0 200904 745485 997127 4677632 5957446 128633 1082447 2400447 3820756 463075 800937 1937372 3019819 THE ORGANIZATION'S PURPOSE IS TO PROVIDE COMPREHENSIVE MANAGEMENT SERVICES TO THE BROOKLYN PROSPECT CHARTER SCHOOL AND OTHER POTENTIAL SCHOOLS IN ITS NETWORK AND TO RAISE FUNDS IN SUPPORT OF NEW YORK CHARTER SCHOOLS. 0 0 5054448 263606 3890931 PROSPECT SCHOOLS, INC. WAS FORMED ON JUNE 4, 2007 UNDER THE LAWS OF NEW YORK. THE ORGANIZATION PROVIDES COMPREHENSIVE MANAGEMENT SERVICES AND RAISES FUNDS TO SUPPORT BROOKLYN PROSPECT CHARTER SCHOOL, AN EDUCATIONAL CORPORATION THAT OPERATES THREE CHARTER SCHOOLS IN THE BOROUGH OF BROOKLYN, NY. 5054448 1 1 0 0 0 0 0 0 0 0 1 0 0 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 18 0 62 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X X HILLARY PRINCE 7186431086 355 BRIDGE STREET BROOKLYN NY 11201 DANIEL RUBENSTEIN CHIEF EXECUTIVE OFFICER 50.00 X 208488 0 38187 JONATHAN MCINTOSH CHIEF ACADEMIC OFFICER 50.00 X 141410 0 37738 HILLARY PRINCE CHIEF FINANCIAL OFFICER 50.00 X 143793 0 20367 PENELOPE MARZULLI DEPUTY EXECUTIVE OFFICER 50.00 X 113201 0 26914 ASHLEY PLATT DIRECTOR OF NETWORK OPERATIONS 50.00 X 102013 0 13937 KATE WALKER BOARD CHAIR 1.00 X X 0 0 0 KEVIN MOLE TREASURER 1.00 X X 0 0 0 ELIZABETH VARLEY CAMP SECRETARY 1.00 X X 0 0 0 STEPHEN BAILEY BOARD MEMBER 1.00 X 0 0 0 JENNIFER BENN BOARD MEMBER 1.00 X 0 0 0 ELAINE PEREZ COO (STARTING 03/20) 50.00 X 0 0 0 708905 0 137143 5 0 1 0 0 129169 2999549 3128718 MANAGEMENT FEES 541610 3890931 3890931 3890931 1284 1284 REFUNDS 900099 17610 17610 OTHER INCOME 900099 1350 1350 18960 7039893 3890931 0 20244 263606 263606 803898 321559 442144 40195 3106478 2903972 115302 87204 94453 89921 1947 2585 389986 354375 24246 11365 301898 252095 40093 9710 7617 7235 382 25040 25040 376067 355553 18500 2014 79425 79425 91671 74316 11526 5829 40935 37153 1922 1860 150003 135003 7500 7500 34722 31250 1736 1736 22852 22852 1620 1458 81 81 3713 3713 3700 3700 STAFF MEALS AND EVENTS 80948 72853 4048 4047 PROFESSIONAL DEVELOP. 73869 66482 3694 3693 MAINTENANCE SUPPLIES 4654 4188 233 233 CLASSROOM SUPPLIES 291 291 5957446 5054448 702094 200904 356859 460553 1907797 3224120 31950 0 3841 5000 33090 3713 0 29377 100000 101706 2400447 3820756 77280 24138 385795 776799 463075 800937 X 790950 1308902 1146422 1710917 1937372 3019819 2400447 3820756 1082447 0 X X 0 1 X 1 0 X 1064357 1316261 1288473 1394963 3128718 8192772 1064357 1316261 1288473 1394963 3128718 8192772 5934356 2258416 1012 1022 917 1319 1284 5554 77075 77075 405 5250 18960 24615 8300016 7309328 0.27210 0.36640 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2016 AMOUNT: $ 405. 2017 AMOUNT: $ 5,250. 2019 AMOUNT: $ 1,350. REFUNDS - 2019 AMOUNT: $ 17,610. SCHEDULE A, PART VI, LIST OF UNUSUAL GRANTS: DESCRIPTION: DATE: 06/18/15 AMOUNT: 1000000. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2316 386 1930 30774 3327 27447 29377 DUE TO BROOKLYN PROSPECT SCHOOL 115948 PAYCHECK PROTECTION PROGRAM LOAN 660851 776799 X 7039893 0 7039893 0 7039893 5957446 0 5957446 0 5957446 PART X, LINE 2: PROSPECT RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT PROSPECT HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. PROSPECT IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR YEARS PRIOR TO JUNE 30, 2017. 1 BROOKLYN PROSPECT CHARTER SCHOOL 355 BRIDGE STREET BROOKLYN NY 11201 263206518 501(C)(3) 263606 GENERAL SUPPORT OF SCHOOL OPERATIONS 1 0 PART I, LINE 2: THE ORGANIZATION WAS ESTABLISHED TO RAISE FUNDS IN SUPPORT OF THE OPERATIONS OF BROOKLYN PROSPECT CHARTER SCHOOL. EACH YEAR, THE MONEY RAISED AS PART OF THE ORGANIZATION'S ANNUAL FUND IS DONATED TO BROOKLYN PROSPECT CHARTER SCHOOL TO BE SPENT ON GENERAL OPERATING EXPENSES OF THE SCHOOL. THE USE OF THE FUNDS IS MONITORED THROUGH THE CLOSE RELATIONSHIP BETWEEN THE ORGANIZATIONS. X X X 0 0 0 0 0 0 0 0 0 DANIEL RUBENSTEIN CHIEF EXECUTIVE OFFICER 208488 0 0 0 0 0 8838 0 29349 0 246675 0 0 0 JONATHAN MCINTOSH CHIEF ACADEMIC OFFICER 141410 0 0 0 0 0 6064 0 31674 0 179148 0 0 0 HILLARY PRINCE CHIEF FINANCIAL OFFICER 143793 0 0 0 0 0 2963 0 17404 0 164160 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY MANAGEMENT AND 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 12C THE ORGANIZATION 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 B, LINE 15 COMPENSATION OF THE CHIEF EXECUTIVE OFFICER AND OTHER OFFICERS OF THE ORGANIZATION WAS BASED ON REVIEW OF COMPARABILITY DATA PROVIDED BY THE DEPARTMENT OF EDUCATION, INCLUDING SALARY SURVEYS. THE EXECUTIVE COMMITTEE AND THE BOARD OF TRUSTEES REVIEWED, DETERMINED AND LAST APPROVED COMPENSATION IN 2020. THE DISCUSSIONS AND DELIBERATIONS WERE DOCUMENTED IN THE COMMITTEE MINUTES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION 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 XII, LINE 2C: THE ORGANIZATION HAS A COMMITTEE THAT IS RESPONSIBLE FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.