2020-05-14T19:19:56-05:00 2019-06-30 570381582 ELLIOTT DAVIS LLCPLLC 100 CALHOUN STREET SUITE 300 CHARLESTON SC 29401 990 2018-07-01 204587841 MEETING STREET SCHOOLS MEET 8432661717 200 MEETING STREET NO 206 CHARLESTON SC 29401 SUSAN SHULER TREASURER 8432661717 2020-05-06 1 BRANDON T RENAUD P00743576 8435777040 2020-05-06 104.129.205.6 2020-05-06 15:39:08 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 E114538C04370F4B16790C78742369BBF189AB00 2018 2021-01-29 14:40:06Z BENJAMIN NAVARRO 93 BROAD STREET CHARLESTON SC 29401 41728726 0 X WWW.MEETINGSTREETSCHOOLS.ORG X 2006 SC MEETING STREET SCHOOLS (MSS) IS A GROUNDBREAKING INITIATIVE DEDICATED TO THE CREATION OF A NEW MANDATE FOR EDUCATION IN SOUTH CAROLINA AND BEYOND. MSS WAS FOUNDED UPON THE BELIEF THAT ALL CHILDREN DESERVE AN EXCELLENT EDUCATION REGARDLESS OF THEIR GEOGRAPHIC OR SOCIOECONOMIC CIRCUMSTANCES, AND ALL CHILDREN HAVE THE ABILITY TO EXCEL IN THE CLASSROOM. WHERE ACCESS TO QUALITY PUBLIC EDUCATION OR AFFORDABLE PRIVATE ALTERNATIVES IS SEVERELY LIMITED, MSS IS PROVIDING CHILDREN WITH TRANSFORMATIONAL EDUCATIONAL OPPORTUNITIES. 6 5 377 277 0 0 11090287 27763565 117509 136118 138061 115350 41167 112304 11387024 28127337 0 0 0 0 13681762 17069145 0 0 0 6778794 7808440 20460556 24877585 -9073532 3249752 26953321 30865490 1144738 1808612 25808583 29056878 X MEETING STREET SCHOOLS (MSS) IS A GROUNDBREAKING INITIATIVE DEDICATED TO THE CREATION OF A NEW MANDATE FOR EDUCATION IN SOUTH CAROLINA AND BEYOND. MSS WAS FOUNDED UPON THE BELIEF THAT ALL CHILDREN DESERVE AN EXCELLENT EDUCATION REGARDLESS OF THEIR GEOGRAPHIC OR SOCIOECONOMIC CIRCUMSTANCES, AND ALL CHILDREN HAVE THE ABILITY TO EXCEL IN THE CLASSROOM. WHERE ACCESS TO QUALITY PUBLIC EDUCATION OR AFFORDABLE PRIVATE ALTERNATIVES IS SEVERELY LIMITED, MSS IS PROVIDING CHILDREN WITH TRANSFORMATIONAL EDUCATIONAL OPPORTUNITIES. 0 0 24218818 248422 MEETING STREET SCHOOLS (MSS), OPERATING AS MEETING STREET ACADEMY (MSA-CHARLESTON), OPENED ITS DOORS IN CHARLESTON, SC IN AUGUST 2008 FOR APPROXIMATELY 45 PRESCHOOL CHILDREN, AGED THREE AND FOUR. SINCE THEN, WE HAVE ADDED GRADES THROUGH 5TH GRADE AND WE HAVE IMPLEMENTED A YEAR-ROUND SCHOOL YEAR THAT RUNS FROM JULY TO JUNE EACH YEAR. MSA-CHARLESTON'S TOTAL NUMBER OF STUDENTS WAS APPROXIMATELY 245 IN THE 2017-2018 SCHOOL YEAR. IN THE 2018-2019 SCHOOL YEAR, MSA-CHARLESTON SERVED APPROXIMATELY 265 STUDENTS.IN JULY 2012, MSA-SPARTANBURG OPENED ITS DOORS TO 37 PRESCHOOLERS AGED THREE AND FOUR. IN APRIL 2016, MSS AND SPARTANBURG DISTRICT 7 MOVED FORWARD WITH PLANS TO BEGIN THE 2016-2017 YEAR AT MSA-SPARTANBURG AS A PUBLIC-PRIVATE PARTNERSHIP. DURING THE 2017-2018 SCHOOL YEAR, MSA-SPARTANBURG ADDED ITS FOURTH-GRADE CLASS WITH AN ENROLLMENT OF APPROXIMATELY 200 STUDENTS. DURING THE 2018-2019 SCHOOL YEAR, MSA-SPARTANBURG SERVED APPROXIMATELY 245 STUDENTS. IN JUNE OF 2019 MSA-SPARTANBURG GRADUATED IS FIRST FIFTH GRADE CLASS.IN FEBRUARY 2014, MSS AGREED TO PARTNER WITH THE CHARLESTON COUNTY SCHOOL DISTRICT ("CCSD") UNDER THE SC SCHOOLS OF CHOICE LAW TO OPEN MEETING STREET ELEMENTARY AT BRENTWOOD (MSEB), A PUBLIC-PRIVATE PARTNERSHIP SCHOOL OPEN TO ALL FAMILIES LIVING IN THE NEWLY FORMED ATTENDANCE ZONE IN NORTH CHARLESTON, SC. MSEB OPENED ITS DOORS IN AUGUST OF 2014 TO APPROXIMATELY 120 PREK3, PREK4, KINDERGARTEN, AND FIRST GRADE STUDENTS AND ADDED ON A SUCCESSIVE GRADE EACH YEAR THROUGH FIFTH GRADE IN 2018. DURING THE 2017-2018 SCHOOL YEAR, MSEB HAD TOTAL SCHOOL ENROLLMENT OF APPROXIMATELY 580 STUDENTS AND APPROXIMATELY 595 STUDENTS DURING THE 2018-2019 SCHOOL YEAR.ON MARCH 21, 2016, IN CONJUNCTION WITH THE AMENDED CHARLESTON PARTNERSHIP, MEETING STREET SCHOOLS ENTERED INTO AN AGREEMENT TO TAKE OVER THE MANAGEMENT OF ANOTHER SCHOOL IN CCSD, EDMUND A. BURNS ELEMENTARY SCHOOL ("BURNS"). BURNS WILL BE UNDERGOING RENOVATIONS THROUGH THE 2018-2019 SCHOOL YEAR. BRENTWOOD WAS RESPONSIBLE FOR THE KINDERGARTEN AND 1ST GRADE STUDENTS WHO ARE ZONED FOR BURNS IN THE 2017-2018 SCHOOL YEAR. DURING THE 2018-2019 SCHOOL YEAR, MEETING STREET ELEMENTARY AT BURNS (MSBN) OPENED ITS DOORS TO 175 PK4-SECOND GRADE STUDENTS. MSBN WAS HOUSED ON THE BRENTWOOD CAMPUS OPERATING AS ITS OWN SCHOOL. 24218818 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 1 41 0 1 377 1 0 0 0 0 0 0 0 0 0 0 0 0 X 6 5 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 SC X SUSAN SHULER 8432661717 200 MEETING STREET SUITE 206 CHARLESTON SC 29401 KELLY NAVARRO BOARD MEMBER 1.00 X 0 0 0 CHRISTOPHER ALLEN BOARD MEMBER 1.00 X 0 0 0 BENJAMIN NAVARRO PRESIDENT 1.00 X X 0 0 0 SUSAN SHULER TREASURER 1.00 X X 0 0 0 GABRIELA DALNEKOFF SECRETARY 1.00 X X 0 0 0 AMY MIMS EXECUTIVE DIRECTOR 40.00 X X 179929 0 13812 REGINA ROBINSON DIRECTOR, FINANCE AND ACCOUNTING 40.00 X 101645 0 18432 SARAH CAMPBELL PRINCIPAL 40.00 X 181584 0 17002 RAINE HACKLER PRINCIPAL 40.00 X 147329 0 10580 DIRK BEDFORD PRINCIPAL 40.00 X 134948 0 15391 CHAD WEIDEN PRINCIPAL 40.00 X 137255 0 20070 KATIE ROBINSON CHIEF ACADEMIC OFFICER 40.00 X 119109 0 15821 1001799 0 111108 7 0 1 0 CRAZY DUTCHMAN CATERING 1823 REYNOLDS AVE NORTH CHARLESTON SC 29405 FOOD SERVICES 345616 1 10595225 17168340 27763565 TUITION AND FEES 611110 136118 136118 136118 115350 115350 13601389 13601389 0 OTHER INCOME 611110 112304 112304 112304 28127337 248422 0 115350 463158 463158 13146801 12764743 382058 2363746 2324238 39508 1095440 1074845 20595 55900 55900 202943 202943 1040013 1035219 4794 150616 150616 ACADEMIC SUPPORT 2593461 2590199 3262 OTHER PERSONNEL COSTS 1651678 1651678 REPAIRS AND MAINTENANCE 935079 935079 FOOD SERVICES 882044 882044 296706 294672 2034 24877585 24218818 658767 0 1545419 2223028 8640563 9702938 491471 424679 23387336 4993806 16156847 18393530 24538 19188 94483 102127 26953321 30865490 706994 1226094 437744 582518 1144738 1808612 X 25808583 29056878 25808583 29056878 26953321 30865490 3249752 -1457 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 24877585 24877585 1000000 250000 0 0 711333 962767 1000000 1000000 3674100 5511150 300 300 177833 240692 250000 250000 918525 1377788 17350836 3239692 14111144 118899 28040 90859 2728259 1726074 1002185 3189342 3189342 18393530 DUE TO CHARLESTON COUNTY SCHOOL DISTRICT 582518 582518 X 28125878 -1459 -1459 28127337 0 28127337 24877585 0 24877585 0 24877585 PART X, LINE 2: MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ORGANIZATION AND HAS CONCLUDED THAT AS OF JUNE 30, 2019 AND 2018, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE ORGANIZATION RECOGNIZES INTEREST RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST EXPENSE AND PENALTIES IN OPERATING EXPENSES. WITH FEW EXCEPTIONS, THE ORGANIZATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE, OR LOCAL TAX AUTHORITIES FOR TAX YEARS BEFORE 2016. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 MSA CHARLESTON COMPLIES WITH SECTION 4.02 OF REV. PROC. 75-50 BY INCLUDING A NONDISCRIMINATORY STATEMENT IN ALL OF ITS BROCHURES AND CATALOGS DEALING WITH STUDENT ADMISSIONS, PROGRAMS AND SCHOLARSHIPS. MEETING STREET SCHOOLS OPERATED THREE PUBLIC SCHOOLS (MSE AT BRENTWOOD, MSE BURNS AND MSA SPARTANBURG) AND ONE PRIVATE SCHOOL (MSA CHARLESTON.) THE PUBLIC SCHOOLS ARE FREE AND OPEN TO ALL FAMILIES LIVING IN THEIR RESPECTIVE ATTENDANCE ZONE. PURSUANT TO REV. PROC. 75-50, SECTION 4.03(2)(C) MEETING STREET ACADEMY CHARLESTON FOLLOWS THE NONDISCRIMINATORY POLICY BY CURRENTLY ENROLLING STUDENTS OF RACIAL MINORITY GROUPS IN MEANINGFUL NUMBERS, AS FOLLOWS FOR 2018-2019: AFRICAN AMERICAN-92.1%, MIXED RACE-5.1%, HISPANIC-1.6%, WHITE-1.2%. SCHEDULE E, PART I, LINE 6 BRENTWOOD AND MSBN RECEIVE FUNDING FROM THE STATE DEPARTMENT OF EDUCATION THAT IS PASSED THROUGH CCSD. SCHOOL REVENUES ARE ALLOCATED BASED ON A PER PUPIL ALLOCATION CONSISTENT WITH OTHER PUBLIC SCHOOLS IN THE AREA WITH SIMILAR DEMOGRAPHICS. FOR THE YEARS ENDED JUNE 30, 2019 AND 2018, THE ORGANIZATION RECOGNIZED $9,420,345 AND $7,087,830 IN REVENUES PASSED THROUGH CCSD, RESPECTIVELY. SPARTANBURG RECEIVES FUNDING FROM THE STATE DEPARTMENT OF EDUCATION THAT IS PASSED THROUGH THE SPARTANBURG COUNTY SCHOOL DISTRICT 7. SCHOOL REVENUES ARE ALLOCATED BASED ON A PER PUPIL ALLOCATION CONSISTENT WITH OTHER PUBLIC SCHOOLS IN THE AREA WITH SIMILAR DEMOGRAPHICS. FOR THE YEARS ENDED JUNE 30, 2019 AND 2018, THE ORGANIZATION RECOGNIZED $1,174,881 AND $1,210,998 IN REVENUES PASSED THROUGH THE SPARTANBURG COUNTY SCHOOL DISTRICT 7, RESPECTIVELY. X X 0 0 0 0 0 0 0 0 0 AMY MIMS EXECUTIVE DIRECTOR 179929 0 0 0 0 0 5400 0 8412 0 193741 0 0 0 SARAH CAMPBELL PRINCIPAL 181584 0 0 0 0 0 5550 0 11452 0 198586 0 0 0 RAINE HACKLER PRINCIPAL 147329 0 0 0 0 0 0 0 10580 0 157909 0 0 0 DIRK BEDFORD PRINCIPAL 134948 0 0 0 0 0 3880 0 11511 0 150339 0 0 0 CHAD WEIDEN PRINCIPAL 137255 0 0 0 0 0 4106 0 15964 0 157325 0 0 0 BROADWALK DEVELOPMENT LLC OWNED BY SUBSTANTIAL CONTRIBUTORS 212022 LEASE 0 FORM 990, PART VI, SECTION A, LINE 1 VOTING RIGHTS AMONG MEMBERS OF THE GOVERNING BODY ARE AS FOLLOWS: BOARD MEMBERS OF MEETING STREET SCHOOLS: 1. BENJAMIN NAVARRO - PRESIDENT 2. SUSAN SHULER - TREASURER 3. GABRIELA DALNEKOFF - SECRETARY 4. KELLY NAVARRO 5. CHRISTOPHER ALLEN 6. AMY MIMS BOARD MEMBERS OF MSA CHARLESTON LLC: 1. SUSAN SHULER - TREASURER 2. GABRIELA DALNEKOFF - SECRETARY 3. BENJAMIN NAVARRO - PRESIDENT 4. CHRISTOPHER ALLEN 5. KELLY NAVARRO 6. AMY MIMS BOARD MEMBERS OF MSA SPARTANBURG LLC: 1. MICHAEL C. RUSS - TREASURER 2. SUSANNA PRESNELL JOHNSON - SECRETARY 3. BENJAMIN NAVARRO 4. GEORGE JOHNSON, II 5. AMY MIMS BOARD MEMBERS OF BRENTWOOD: 1. BENJAMIN NAVARRO - CHIEF OPERATING OFFICER 2. GABRIELA DALNEKOFF - SECRETARY 3. SUSAN SHULER - TREASURER 4. KELLY NAVARRO 5. CHRISTOPHER ALLEN 6. AMY MIMS BOARD MEMBERS OF MSE BURNS, LLC: 1. BENJAMIN NAVARRO - CHIEF OPERATING OFFICER 2. GABRIELA DALNEKOFF - SECRETARY 3. SUSAN SHULER - TREASURER 4. KELLY NAVARRO 5. CHRISTOPHER ALLEN 6. AMY MIMS FORM 990, PART VI, SECTION A, LINE 2 BENJAMIN NAVARRO AND KELLY NAVARRO HAVE A FAMILY RELATIONSHIP. BENJAMIN NAVARRO HAS A DIRECT BUSINESS RELATIONSHIP WITH SUSAN SHULER AND GABRIELA DALNEKOFF VIA SHERMAN CAPITAL MARKETS. BENJAMIN NAVARRO HAS A DIRECT BUSINESS RELATIONSHIP WITH CHRISTOPHER ALLEN. FORM 990, PART VI, SECTION B, LINE 11B SUSAN SHULER, THE MEETING STREET SCHOOLS'S TREASURER, REVIEWS THE FORM 990 BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON: (A) HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY, (B) HAS READ AND UNDERSTANDS THE POLICY, (C) HAS AGREED TO COMPLY WITH THE POLICY, AND (D) UNDERSTANDS THE ORGANIZATION IS CHARITABLE AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. TO ENSURE THE ORGANIZATION OPERATES IN A MANNER CONSISTENT WITH CHARITABLE PURPOSES AND DOES NOT ENGAGE IN ACTIVITIES THAT COULD JEOPARDIZE ITS TAX-EXEMPT STATUS, PERIODIC REVIEWS ARE CONDUCTED. THE PERIODIC REVIEWS AT A MINIMUM INCLUDE THE FOLLOWING SUBJECTS: (A) WHETHER COMPENSATION ARRANGEMENTS AND BENEFITS ARE REASONABLE, BASED ON COMPETENT SURVEY INFORMATION AND THE RESULT OF ARM'S LENGTH BARGAINING. (B) WHETHER PARTNERSHIPS, JOINT VENTURES, AND ARRANGEMENTS WITH MANAGEMENT ORGANIZATIONS CONFORM TO THE ORGANIZATIONS' WRITTEN POLICIES, ARE PROPERLY RECORDED, REFLECT REASONABLE INVESTMENT OR PAYMENTS FOR GOODS AND SERVICES, FURTHER CHARITABLE PURPOSES AND DO NOT RESULT IN INUREMENT, IMPERMISSIBLE PRIVATE BENEFIT OR IN AN EXCESS BENEFIT TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD CHAIR REVIEWS LOCAL SCHOOL DISTRICT COMPENSATION DATA AND USES SUCH DATA TO SET SALARIES FOR THE EXECUTIVE DIRECTOR AND ALL OTHER EMPLOYEES BASED COMPARABLE POSITIONS IN THE COMMUNITIES SERVED BY OUR SCHOOLS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND OTHER FINANCIAL DOCUMENTS ARE AVAILABLE UPON WRITTEN REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR. MEETING STREET ACADEMY - CHARLESTON LLC 200 MEETING STRET SUITE 206 CHARLESTON SC 29401 611661527 PRIVATE SCHOOL SC 2150824 10699126 MEETING STREET SCHOOLS MEETING STREET ACADEMY - SPARTANBURG LLC 200 MEETING STRET SUITE 206 CHARLESTON SC 29401 383853462 PUBLIC SCHOOL SC 4733489 3991826 MEETING STREET SCHOOLS MEETING STREET ELEMENTARY AT BRENTWOOD 200 MEETING STRET SUITE 206 CHARLESTON SC 29401 611732980 PUBLIC SCHOOL SC 9722021 4698194 MEETING STREET SCHOOLS MSA CHARLESTON REAL ESTATE LLC (INACTIVE) 200 MEETING STRET SUITE 206 CHARLESTON SC 29401 364804310 INACTIVE SC 0 0 MEETING STREET SCHOOLS MEETING STREET ELEMENTARY AT BURNS LLC 200 MEETING STRET SUITE 206 CHARLESTON SC 29401 352619789 PUBLIC SCHOOL SC 4827888 1513688 MEETING STREET SCHOOLS