2020-06-18T08:19:07-05:00 2019-06-30 042571780 AAFCPAS INC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2018-07-01 300211613 FRIENDS OF EXCEL ACADEMY CHARTER SCHOOLS INC FRIE 6175611371 58 MOORE STREET EAST BOSTON MA 02128 SETH REYNOLDS PRESIDENT 6175611371 2020-04-30 1 YEVGENIYA GORLOVSKY-SCHEPP CPA P01485484 5083669100 2020-04-30 40.70.31.102 2020-04-30 14:53:24 ED P DD4E7B209644E916744C6AD2A8F749A4D1C29958 1166F2FD08ABF73FAA4779C448B3D4829B6A5C9C 2018 2020-09-23 17:36:50Z SETH REYNOLDS 58 MOORE STREET EAST BOSTON MA 02128 4438436 0 X N/A X 2004 MA TO RAISE FUNDS AND SUPPORT THE FUNCTIONS OF AND CARRY OUT THE PURPOSES OF EXCEL ACADEMY CHARTER SCHOOL; TO ENGAGE IN ACTIVITIES AND PERFORM FUNCTIONS THAT THE SCHOOL WOULD OTHERWISE HAVE TO PERFORM; TO OWN, LEASE AND MAINTAIN THE SITES AT WHICH THE SCHOOL IS LOCATED; AND TO OTHERWISE BENEFIT THE SCHOOL THROUGH PROVISION OF FINANCIAL SUPPORT AND SERVICES. 6 6 0 6 0 0 1618631 3991374 0 0 339522 429907 -83922 -122538 1874231 4298743 1355999 321632 0 0 0 0 0 0 10200 485585 586510 1841584 908142 32647 3390601 12200812 17625052 4773546 4514732 7427266 13110320 X TO RAISE FUNDS AND SUPPORT THE FUNCTIONS OF AND CARRY OUT THE PURPOSES OF EXCEL ACADEMY CHARTER SCHOOL; TO ENGAGE IN ACTIVITIES AND PERFORM FUNCTIONS THAT THE SCHOOL WOULD OTHERWISE HAVE TO PERFORM; TO OWN, LEASE AND MAINTAIN THE SITES AT WHICH THE SCHOOL IS LOCATED; AND TO OTHERWISE BENEFIT THE SCHOOL THROUGH PROVISION OF FINANCIAL SUPPORT AND SERVICES. 0 0 592261 321632 3497 TO RAISE FUNDS AND SUPPORT THE FUNCTIONS OF EXCEL ACADEMY CHARTER SCHOOL 592261 1 1 0 0 0 0 0 0 0 0 1 0 0 1 0 1 0 1 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 1 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 0 0 0 MA X ANDREW M SOLOMON 6178744096 58 MOORE STREET EAST BOSTON MA 02128 X SETH REYNOLDS PRESIDENT 0.80 1.80 X X 0 0 0 MEGAN PREINER TREASURER 0.80 1.80 X X 0 0 0 MARY ELISABETH SWERZ CLERK 0.80 1.80 X X 0 0 0 DOUGLAS CHOPE MEMBER 0.80 1.00 X 0 0 0 TUCKER LEVY MEMBER 0.80 1.80 X 0 0 0 PETER FISHER MEMBER 0.80 1.80 X 0 0 0 MANDY LEE BERMAN MEMBER (LEFT DURING FY 2019) 0.80 1.80 X 0 0 0 0 0 0 0 0 0 0 0 204163 3787211 97195 3991374 429907 429907 13658 204163 139693 -126035 -126035 MISCELLANEOUS 900099 3497 3497 3497 4298743 3497 0 303872 X 318632 318632 3000 3000 42932 42932 11963 11963 206231 206231 237137 237137 STAFF CULTURE EXPENSE 33492 33492 FINANCING FEES 14648 14648 MISCELLANEOUS 14085 14085 BAD DEBT 10200 10200 15822 15822 908142 592261 305681 10200 2966086 73889 134620 4161448 1010171 2355447 6283999 12288 481651 0 0 481651 1805936 10540329 12200812 17625052 10844 153936 320000 295000 4442702 4065796 4773546 4514732 X 6552700 9859340 874566 3250980 7427266 13110320 12200812 17625052 X 3390601 2292453 X X 0 1 X 1 0 X 6148053 1742479 1878863 1618631 3991374 15379400 6148053 1742479 1878863 1618631 3991374 15379400 5125755 10253645 332997 331896 324790 339522 429907 1759112 1454 12858 3497 17809 17156321 0.59770 0.64630 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2016 AMOUNT: $ 1,454. 2017 AMOUNT: $ 12,858. 2018 AMOUNT: $ 3,497. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 481651 481651 481651 DUE FROM EXCEL ACADEMY CHARTER SCHOOL 839069 DUE FROM EXCEL ACADEMY BREMEN STREET REALTY CORPORATION 1203227 INTERCOMPANY LEASES RECEIVABLE 8498033 10540329 X PART X, LINE 2: THE FOUNDATION ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ACCOUNTING STANDARDS CODIFICATION (ASC) TOPIC, INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE COMBINED GENERAL PURPOSE FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE FOUNDATION HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE COMBINED GENERAL PURPOSE FINANCIAL STATEMENTS AT JUNE 30, 2019. HOWEVER, THE INFORMATIONAL RETURNS FOR THE FOUNDATION ARE SUBJECT TO EXAMINATION BY THE APPROPRIATE JURISDICTIONS. CELEBRATION OF EXCELLENCE 217821 204163 13658 67297 39365 1230 31801 NONE 217821 204163 13658 67297 39365 1230 31801 139693 -126035 1 EXCEL ACADEMY CHARTER SCHOOL 58 MOORE STREET EAST BOSTON MA 02128 432002251 170(B)(1)(A)(II) 168632 TO SUPPORT THE FUNCTIONS OF EXCEL ACADEMY CHARTER SCHOOL. EXCEL ACADEMY BREMEN STREET REALTY CORPORATION 58 MOORE STREET EAST BOSTON MA 02128 464977868 509(A)(3) 150000 CAPITAL GRANT 2 PART I, LINE 2: THE BOARD OF TRUSTEES APPROVE GRANT AWARDS TO THE SCHOOL AND BREMEN STREET REALTY CORPORATION. X 3 95068 FAIR MARKET VALUE X FURNITURE 1 2127 FAIR MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS MADE AVAILABLE TO ALL BOARD MEMBERS FOR REVIEW AND COMMENTS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS ANNUALLY REVIEW THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION C, LINE 19 FRIENDS OF EXCEL ACADEMY CHARTER SCHOOLS, INC. MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTING: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 206,231. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 206,231. FORM 990, PART XI, LINE 9: DEFERRED INFLOWS OF RESOURCES - DEFERRED REVENUE IN THE FS 25,000. GAIN ON NMTC UNWIND 2,267,453. FORM 990, PART XII LINE 2C THE BOARD OF DIRECTORS OVERSEES THE AUDIT OF THE FINANCIAL STATEMENTS. THIS PROCESS HAS NOT CHANGED IN FISCAL YEAR 2019. EXCEL ACADEMY BREMEN STREET REALTY CORPORATION 58 MOORE STREET EAST BOSTON MA 02128 464977868 TO SUPPORT EXCEL ACADEMY CHARTER SCHOOL MA 501(C)(3) LINE 12C, III-FI N/A 0 EXCEL ACADEMY EAST BOSTON REALTY CORPORATION 58 MOORE STREET EAST BOSTON MA 02128 274272913 TO SUPPORT FRIENDS OF EXCEL CHARTER SCHOOLS, INC. MA 501(C)(3) LINE 12B, II N/A 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 EXCEL ACADEMY BREMEN STREET REALTY CORPORATION B 150000 FAIR MARKET VALUE-GRANT EXCEL ACADEMY BREMEN STREET REALTY CORPORATION D 1203227 FAIR MARKET VALUE-DUE FROM EXCEL ACADEMY EAST BOSTON REALTY CORPORATION S 8569016 BOOK VALUE OF CAP. LEASE TRANSFER EXCEL ACADEMY EAST BOSTON REALTY CORPORATION D 8245000 FAIR MARKET VALUE EXCEL ACADEMY EAST BOSTON REALTY CORPORATION D 50000 FAIR MARKET VALUE - DUE FROM