2020-05-22T09:46:16-05:00 2019-06-30 271728945 PKF O'CONNOR DAVIES LLP 665 FIFTH AVENUE NEW YORK NY 10022 990 2018-07-01 262272858 PAVE ACADEMY CHARTER SCHOOL PAVE 7188587813 732 HENRY STREET BROOKLYN NY 11231 JAMIE GREENTHAL BOARD CHAIR 7188587813 2020-05-21 1 GARRETT M HIGGINS P00543209 2122862600 2020-05-21 100.2.127.74 2020-05-21 16:29:09 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 4F9F0882E2C1046A9DC4DC01D0F262469E3815E0 2018 2020-09-22 18:59:49Z JAMIE GREENTHAL 732 HENRY STREET BROOKLYN NY 11231 9618377 0 X WWW.PAVEACADEMY.ORG X 2008 NY PREPARE STUDENTS TO THRIVE IN COMPETITIVE HIGH SCHOOLS AND FOUR YEAR COLLEGES. 8 8 100 8 0 0 672993 679241 8208241 8910290 587 46 34320 28800 8916141 9618377 0 0 0 0 5650928 5854809 0 0 0 3101933 3125827 8752861 8980636 163280 637741 2642952 3175660 797494 692461 1845458 2483199 X PAVE ACADEMY PREPARES STUDENTS IN VARIOUS GRADES TO THRIVE IN COMPETITIVE HIGH SCHOOLS, AND FOUR YEAR COLLEGES. THE SCHOOL PROVIDES THE CHILDREN OF BROOKLYN WITH A RIGOROUS ACADEMIC PROGRAM AND A SCHOOL COMMUNITY BUILT ON THE SCHOOL'S CORE VALUES OF PERSEVERANCE, ACHIEVEMENT, VIBRANCY AND EXCELLENT CHARACTER (PAVE). 0 0 8244246 8910290 EXPENSES DIRECTLY ASSOCIATED WITH THE OPERATIONS OF THE CHARTER SCHOOL AND THE RELATED CURRICULUM COSTS. FOR THE 2018-2019 SCHOOL YEAR, THE ORGANIZATION SERVED APPROXIMATELY 481 STUDENTS IN GRADES KINDERGARTEN THROUGH EIGHT. 8244246 1 0 0 0 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 0 0 0 0 0 0 0 0 0 0 1 13 0 100 1 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X LISA LURIE 7188587813 238 CONOVER STREET BROOKLYN NY 11231 JAMIE GREENTHAL BOARD CHAIR 1.00 X X 0 0 0 MICHAEL HEALY SECRETARY 1.00 X X 0 0 0 ANNIE HOPKINS TREASURER 1.00 X X 0 0 0 SOPHIE LIIPPINCOTT FERRER TRUSTEE 1.00 X 0 0 0 DANIEL GREENBLATT TRUSTEE 1.00 X 0 0 0 KIM LUMPKIN TRUSTEE 1.00 X 0 0 0 MELISSA MELLING TRUSTEE 1.00 X 0 0 0 ALLIE SWEENEY TRUSTEE 1.00 X 0 0 0 HANNAH PRUSSIN ELEMENTARY SCHOOL PRINCIPAL 40.00 X 160001 0 14452 GEOFFREY FENELUS MIDDLE SCHOOL PRINCIPAL 40.00 X 155578 0 505 MATTHEW MCSORLEY DIRECTOR OF OPERATIONS 40.00 X 122363 0 3455 DAWN ANTIONE-FORBES DIRECTOR OF OPERATIONS 40.00 X 110902 0 30701 548844 0 49113 4 0 1 0 PAVE SCHOOLS INC 238 CONOVER STREET BROOKLYN NY 11231 MANAGEMENT FEES 841994 BUTTER BEANS INC 41-43 39TH STREET SUNNYSIDE NY 11104 SCHOOL LUNCH AND SERVICE PROVIDER 413486 FUSCO MANAGEMENT 555 LONG WARF DRIVE SUITE 14 NEW HAVEN CT 06511 MANAGEMENT COMPANY FOR FACILITIES 146800 SWITCH TECHNOLOGIES 78 HORSEBLOCK ROAD 6 YAPHANK NY 11980 TECHNOLOGY AND SERVICE PROVIDER 130761 4 679241 679241 GOV'T PER-PUPIL REV. 900099 8910290 8910290 8910290 46 46 28800 0 28800 28800 28800 9618377 8910290 0 28846 337815 307048 30767 4450119 4044820 405299 44064 40051 4013 655174 597147 58027 367637 334154 33483 891029 809878 81151 1329 1208 121 28136 25573 2563 547338 498336 49002 49920 46955 2965 137059 124576 12483 93500 84984 8516 143216 130173 13043 9150 8317 833 106170 96500 9670 51286 46615 4671 UBI TAX PAYMENT 1809 1809 STUDENT MEALS 399499 399499 CLASSROOM MATERIALS 375086 375086 REPAIRS & MAINTENANCE 162325 147541 14784 128975 125785 3190 8980636 8244246 736390 0 1973511 2564205 288311 197963 43274 16200 73782 757 919974 605589 187090 314385 76984 82150 2642952 3175660 596823 454635 15704 0 184967 237826 797494 692461 X 1845458 2483199 1845458 2483199 2642952 3175660 637741 0 X X 0 1 X 1 0 X 90433 34080 56353 729378 476531 252847 100163 94978 5185 314385 DUE TO PAVE SCHOOLS 237826 237826 X 9618377 0 9618377 0 9618377 8980636 0 8980636 0 8980636 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, 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 AS A PUBLIC SCHOOL, SUBJECT TO OPEN ENROLLMENT, THE CHARTER SCHOOL IS NOT SUBJECT TO THE SPECIFIC GUIDELINES SET FORTH IN REV. PROC. 75-50 AND AS MODIFIED BY REV. PROC. 2019-22. THE SCHOOL PUBLICIZED ITS RACIALLY NONDISCRIMINATION POLICY THROUGH ITS INTERNET WEBSITE. LINE 4 - EXPLANATION OF RECORDKEEPING: 4A. THE SCHOOL MAINTAINS RECORDS ON THE RACIAL COMPOSITION OF ITS STUDENT BODY AND COLLECTS RACIAL INFORMATION ON A VOLUNTARY BASIS FROM FACULTY AND ADMINISTRATIVE STAFF. 4B. THE SCHOOL IS A TUITION-FREE PUBLIC SCHOOL AND DOES NOT NEED TO AWARD SCHOLARSHIPS FOR TUITION. THE SCHOOL DOES OFFER SCHOLARSHIPS ON A RACIALLY NON-DISCRIMINATORY BASIS FOR SCHOOL-RELATED EXTRACURRICULAR ACTIVITIES. LINE 6 - EXPLANATION OF GOVERNMENT FINANCIAL AID: THE 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. X X X 0 0 0 0 0 0 0 1 0 HANNAH PRUSSIN ELEMENTARY SCHOOL PRINCIPAL 158001 0 2000 0 0 0 0 0 14452 0 174453 0 0 0 GEOFFREY FENELUS MIDDLE SCHOOL PRINCIPAL 153578 0 2000 0 0 0 0 0 505 0 156083 0 0 0 PART I, LINE 7 ELEMENTARY SCHOOL PRINCIPAL, HANNAH PRUSSIN RECEIVED A BONUS OF $2000 IN CY 2018. MIDDLE SCHOOL PRINCIPAL, GEOFFREY FENELUS RECEIVED A BONUS OF $2000 IN CY 2018. FORM 990, PART VI, SECTION A, LINE 3 PAVE SCHOOLS, INC., A NOT-FOR-PROFIT 501(C)(3) EXEMPT ORGANIZATION, PROVIDED THE ORGANIZATION WITH MANAGEMENT SERVICES DURING FY'19. PAVE SCHOOLS PROVIDES EDUCATIONAL, OPERATIONAL, FISCAL MANAGEMENT AND HUMAN RESOURCE SERVICES. THE ORGANIZATION PAID PAVE SCHOOLS $891,029 FOR THESE SERVICES IN FISCAL YEAR 2019. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY MANAGEMENT AND THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES FOR APPROVAL. IF ANY CHANGES ARE REQUIRED, THE SCHOOL WILL THEN FORWARD ANY QUESTIONS OR COMMENTS TO THE ACCOUNTING FIRM AND A FINAL VERSION WILL BE DISTRIBUTED TO ALL BOARD MEMBERS PRIOR TO FILING THE FORM 990 WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A CONFLICT OF INTEREST POLICY APPLICABLE TO ALL TRUSTEES, OFFICERS AND KEY EMPLOYEES (IF ANY). ALL APPLICABLE INDIVIDUALS ARE REQUIRED TO SIGN A CONFLICT OF INTEREST AGREEMENT ANNUALLY, DISCLOSING ANY POSSIBLE CONFLICT OF INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE TRUSTEES OR COMMITTEE WITH BOARD DELEGATED POWERS DECIDES THAT A CONFLICT OF INTEREST EXISTS. AFTER DISCLOSURE OF ALL MATERIAL FACTS, AND AFTER ANY DISCUSSIONS WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING, DISINTERESTED TRUSTEES OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. THE BOARD OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED TRUSTEES OR COMMITTEE MEMBERS WHETHER A CONFLICT EXISTS. DELIBERATION AND DECISIONS ARE RECORDED IN THE MINUTES OF THE BOARD. ANNUAL DISCLOSURE STATEMENTS ARE REVIEWED ANNUALLY BY THE AUDIT COMMITTEE. FORM 990, PART VI, SECTION B, LINE 15A PAVE PARTICIPATES IN AN ANNUAL COMPENSATION SURVEY CONDUCTED BY A CHARTER SCHOOL INDUSTRY ASSOCIATION, WHICH SURVEYS SIMILAR ORGANIZATIONS ON THEIR COMPENSATION PRACTICES AND AMOUNTS. NEARLY ALL OF PAVE'S POSITIONS ARE REFLECTED IN THIS SURVEY, INCLUDING BUT NOT LIMITED TO: CEO, CFO, COO, PRINCIPAL, FUNCTIONAL DIRECTORS, AND TEACHERS. ADDITIONALLY, PAVE REFERS TO THE NYC DOE SCHEDULES FOR SCHOOL LEADERS AND INSTRUCTIONAL STAFF, AS WELL AS OTHER NON-PROFIT COMPENSATION SCHEDULES ACROSS THE NON-PROFIT SECTOR AS A WHOLE. PAVE CONDUCTS ITS REVIEW OF COMPENSATION AND SETS REASONABLE COMPENSATION ANNUALLY. EXECUTIVE COMPENSATION IS APPROVED BY THE BOARD AND DOCUMENTED IN THE MINUTES OF THE BOARD. THIS PROCESS WAS LAST CONDUCTED IN FY 2019. FORM 990, PART VI, SECTION C, LINE 19 PAVE ACADEMY CHARTER SCHOOL 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 XII, LINE 2C: THE SCHOOL HAS A FINANCE COMMITTEE THAT IS RESPONSIBLE FOR OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT AUDITOR.