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BROOKLYN PROSPECT CHARTER SCHOOL: Form 990, tax year 2018

View the entire original 990 at ProPublica ↗

Organization
BROOKLYN PROSPECT CHARTER SCHOOL (EIN 26-3206518)
Tax period
2018-07-01 to 2019-06-30
Filed
2020-07-15
IRS object ID
202021979349307627
Schema version
2018v3.2
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)
Return2020-07-15T17:34:55-05:00ReturnTs
Tax Period End2019-06-30TaxPeriodEndDt

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 Begin2018-07-01TaxPeriodBeginDt

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
Signature2020-07-15SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonGARRETT M HIGGINSPreparerPersonNm
PTINP00543209PTIN
Phone2122862600PhoneNum
Preparation2020-07-15PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address68.175.34.111IPv4AddressTxt
FieldValueIRS element (for citing)
IP2020-07-15IPDt
IP Tm15:40:32IPTm
IP TimezoneEDIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device IdDA39A3EE5E6B4B0D3255BFEF95601890AFD80709AtSubmissionCreationDeviceId
At Submission Filing Device IdB29914CEB47F2C50F9800CDE5B5AE22990D509ABAtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2018TaxYr
Build TS2021-01-29 14:40:06ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Address ChangeYes (X)AddressChangeInd
Principal OfficerJILL INBARPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1355 BRIDGE STREETAddressLine1Txt
CityBROOKLYNCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11201ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$31,999,561GrossReceiptsAmt
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 Employee379TotalEmployeeCnt
Total Volunteers130TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$2,514,299PYContributionsGrantsAmt
CY Contributions Grants$1,812,316CYContributionsGrantsAmt
PY Program Service Revenue$23,047,783PYProgramServiceRevenueAmt
CY Program Service Revenue$29,543,994CYProgramServiceRevenueAmt
PY Investment Income$1,873PYInvestmentIncomeAmt
CY Investment Income$1,477CYInvestmentIncomeAmt
PY Other Revenue$176,975PYOtherRevenueAmt
CY Other Revenue$641,774CYOtherRevenueAmt
PY Total Revenue$25,740,930PYTotalRevenueAmt
CY Total Revenue$31,999,561CYTotalRevenueAmt
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$19,315,797PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$19,761,672CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$356,028CYTotalFundraisingExpenseAmt
PY Other Expenses$6,646,251PYOtherExpensesAmt
CY Other Expenses$11,345,416CYOtherExpensesAmt
PY Total Expenses$25,962,048PYTotalExpensesAmt
CY Total Expenses$31,107,088CYTotalExpensesAmt
PY Revenues Less Expenses-$221,118PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$892,473CYRevenuesLessExpensesAmt
Total Assets BOY$7,498,555TotalAssetsBOYAmt
Total Assets EOY$8,556,748TotalAssetsEOYAmt
Total Liabilities BOY$3,095,261TotalLiabilitiesBOYAmt
Total Liabilities EOY$3,381,442TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$4,403,294NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$5,175,306NetAssetsOrFundBalancesEOYAmt
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$25,157,119ExpenseAmt
Revenue$29,543,994RevenueAmt
DescFOR THE 2018-2019 SCHOOL YEAR, WE SERVED APPROXIMATELY 1,440 STUDENTS IN GRADES KINDERGARTEN THROUGH TWELFTH.Desc
Total Program Service Expenses$25,157,119TotalProgramServiceExpensesAmt
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
Temp Or Permanent Endowments0TempOrPermanentEndowmentsInd
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 With Officer Ent0BusinessRlnWithOfficerEntInd
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 Document86IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee379EmployeeCnt
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 (13 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtHighest Compensated EmployeeHighestCompensatedEmployeeInd
JILL INBAR
BOARD CHAIR1.00Yes (X)Yes (X)$0$0$0
LUYEN CHOU
ACADEMIC & OVERSIGHT CHAIR5.00Yes (X)Yes (X)$0$0$0
SAM KOCH
GOVERNANCE & NOMINATING CHAIR1.00Yes (X)Yes (X)$0$0$0
DAVID VON SPRECKELSON
FACILITIES CHAIR1.00Yes (X)$0$0$0
CHRISTINE BURKE
AUDIT & FINANCE CHAIR1.00Yes (X)$0$0$0
ERIN CARSTENSEN
TRUSTEE1.00Yes (X)$0$0$0
JILIAN GERSTEN
TRUSTEE1.00Yes (X)$0$0$0
ROHAN GOPALDAS
TRUSTEE1.00Yes (X)$0$0$0
INGRID WONG
PRINCIPAL, HIGH SCHOOL40.00$148,644$0$18,583Yes (X)
JUMAANE SAUNDERS
PRINCIPAL, ELEMENTARY SCHO40.00$127,092$0$27,499Yes (X)
CAROLYN MICHAEL
PRINCIPAL, MIDDLE SCHOOL40.00$118,199$0$24,252Yes (X)
JACKLYN DELUCA
PRINCIPAL, MIDDLE SCHOOL40.00$121,039$0$6,944Yes (X)
KIM RACCIO
PRINCIPAL, HIGH SCHOOL40.00$116,980$0$13,928Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$631,954TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$91,206TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K5IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
PROSPECT SCHOOLS INC
355 BRIDGE STREETBROOKLYNNY11201MANAGEMENT SERVICES$1,755,552
TALISEN CONSTRUCTION CORP
213 W 35TH STREETNEW YORKNY10001CONSTRUCTION SERVICES$317,627
GLOBAL SYSTEMS 365
PO BOX 734CENTRAL ISLIPNY11722TECHNOLOGY SERVICES$217,228
SCHOOL PROFESSIONAL
622 THIRD AVENUE 39TH FLNEW YORKNY10017EDUCATION SERVICES$183,799
LOCI ARCHITECTURE
594 BROADWAY STE 506NEW YORKNY10017ARCHITECTURAL SERVICES$151,098
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K6CntrctRcvdGreaterThan100KCnt
Government Grants$1,481,486GovernmentGrantsAmt
All Other Contributions$330,830AllOtherContributionsAmt
Total Contributions$1,812,316TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (4 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
GOVERNMENT PER-PUPIL REVENUE611000$25,945,011$25,945,011
FACILITIES PER-PUPIL REVENUE611000$3,079,826$3,079,826
AFTER SCHOOL PROGRAM611000$376,166$376,166
FIELD TRIPS AND EVENTS611000$142,991$142,991
FieldValueIRS element (for citing)
Total Program Service Revenue$29,543,994TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,477TotalRevenueColumnAmt
Exclusion$1,477ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (3 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtExclusionExclusionAmt
REFUND OF PY EXPENSES & REIMBURSE900099$537,762$537,762
MISCELLANEOUS REVENUE900099$43,340$43,340
MEAL PAYMENTS900099$38,242$38,242

Miscellaneous Revenue MiscellaneousRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$22,430TotalRevenueColumnAmt
Exclusion$22,430ExclusionAmt
FieldValueIRS element (for citing)
Other Revenue Total$641,774OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$31,999,561TotalRevenueColumnAmt
Related Or Exempt Func Income$29,543,994RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$643,251ExclusionAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$16,195,788TotalAmt
Program Services$14,876,219ProgramServicesAmt
Management And General$1,186,073ManagementAndGeneralAmt
Fundraising$133,496FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$489,597TotalAmt
Program Services$450,429ProgramServicesAmt
Management And General$39,168ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$1,612,137TotalAmt
Program Services$1,483,165ProgramServicesAmt
Management And General$128,972ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$1,464,150TotalAmt
Program Services$1,347,017ProgramServicesAmt
Management And General$117,133ManagementAndGeneralAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$3,418,397TotalAmt
Program Services$1,025,519ProgramServicesAmt
Management And General$2,221,958ManagementAndGeneralAmt
Fundraising$170,920FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$12,609TotalAmt
Management And General$12,609ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$18,273TotalAmt
Management And General$18,273ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$496,400TotalAmt
Program Services$325,804ProgramServicesAmt
Management And General$170,596ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$417,094TotalAmt
Program Services$351,681ProgramServicesAmt
Management And General$61,432ManagementAndGeneralAmt
Fundraising$3,981FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$104,915TotalAmt
Program Services$86,467ProgramServicesAmt
Management And General$18,448ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$4,520,861TotalAmt
Program Services$3,816,482ProgramServicesAmt
Management And General$704,379ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$22,167TotalAmt
Program Services$12,330ProgramServicesAmt
Management And General$9,837ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$759,959TotalAmt
Management And General$759,959ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$111,909TotalAmt
Management And General$111,909ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
UBI TAX PAID$44,315$40,770$3,545
CURRICULUM AND CLASSROO$920,958$920,958
STUDENT AND STAFF SPECI$246,832$238,270$8,562
PROFESSIONAL DEVELOPMEN$174,098$160,169$13,929

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$76,629TotalAmt
Program Services$21,839ProgramServicesAmt
Management And General$7,159ManagementAndGeneralAmt
Fundraising$47,631FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$31,107,088TotalAmt
Program Services$25,157,119ProgramServicesAmt
Management And General$5,593,941ManagementAndGeneralAmt
Fundraising$356,028FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$1,400BOYAmt
EOY$392,814EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$339,628BOYAmt
EOY$645,456EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$1,076,176BOYAmt
EOY$513,481EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$585BOYAmt
EOY$0EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$140,407BOYAmt
EOY$140,954EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$8,982,070LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$4,094,679LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$4,697,165BOYAmt
EOY$4,887,391EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$1,243,194BOYAmt
EOY$1,976,652EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$7,498,555BOYAmt
EOY$8,556,748EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$234,315BOYAmt
EOY$664,830EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$24,373BOYAmt
EOY$24,603EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$2,836,573BOYAmt
EOY$2,692,009EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$3,095,261BOYAmt
EOY$3,381,442EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$4,403,294BOYAmt
EOY$5,175,306EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$4,403,294BOYAmt
EOY$5,175,306EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$7,498,555BOYAmt
EOY$8,556,748EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$892,473ReconcilationRevenueExpnssAmt
Other Changes In Net Assets-$120,461OtherChangesInNetAssetsAmt
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$5,153,426OtherCostOrOtherBasisAmt
Depreciation$1,468,587DepreciationAmt
Book Value$3,684,839BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$2,960,724OtherCostOrOtherBasisAmt
Depreciation$2,133,256DepreciationAmt
Book Value$827,468BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$867,920OtherCostOrOtherBasisAmt
Depreciation$492,836DepreciationAmt
Book Value$375,084BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$4,887,391TotalBookValueLandBuildingsAmt

Other Assets Org OtherAssetsOrgGrp (3 entries)

DescDescBook ValueBookValueAmt
SECURITY DEPOSIT$1,517,000
DUE FROM AFFILIATE$308,377
RESTRICTED CASH$151,275
FieldValueIRS element (for citing)
Total Book Value Other Assets$1,976,652TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescDEFERRED RENTDesc
Amt$2,692,009Amt
FieldValueIRS element (for citing)
Total Liability$2,692,009TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$32,061,623TotalRevEtcAuditedFinclStmtAmt
Donated Services And Use Fclts$62,062DonatedServicesAndUseFcltsAmt
Revenue Not Reported$62,062RevenueNotReportedAmt
Revenue Subtotal$31,999,561RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$31,999,561TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$31,289,611TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$62,062DonatedServicesUseFcltsAmt
Other Expenses Included$120,461OtherExpensesIncludedAmt
Expenses Not Reported$182,523ExpensesNotReportedAmt
Expenses Subtotal$31,107,088ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$31,107,088TotalExpensesPerForm990Amt

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, 2016.
PART XII, LINE 2D - OTHER ADJUSTMENTS:WRITE OFF OF GRANTS RECEIVABLE 120,461.

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (1)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (1)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediaYes (1)PlcyPblczdViaBroadcastMediaInd
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. THE SCHOOL PUBLICIZED ITS RACIALLY NONDISCRIMINATION POLICY THROUGH ITS INTERNET WEBSITE.
SCHEDULE E, PART I, LINE 6THE SCHOOL RECEIVES VARIOUS FEDERAL AND STATE GRANTS 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
INGRID WONG
PRINCIPAL, HIGH SCHOOL$61,978$0$0$0$86,666$0$2,593$0$15,990$0$167,227$0$0$0
JUMAANE SAUNDERS
PRINCIPAL, ELEMENTARY SCHO$127,092$0$0$0$0$0$5,447$0$22,052$0$154,591$0$0$0

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 4AFormAndLineReferenceDesc
ExplanationPRINCIPAL, INGRID WONG, RECEIVED A SEVERANCE PAYMENT IN THE AMOUNT OF $86,666. THIS AMOUNT IS REPORTED IN BOX 5 OF HER 2018 FORM W-2.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 3THE SCHOOL IS AN AFFILIATE OF PROSPECT SCHOOLS, INC. ("PROSPECT"), A NEW YORK STATE NOT-FOR-PROFIT CORPORATION, THROUGH COMMON MANAGEMENT. PROSPECT WAS ORIGINALLY ORGANIZED TO PROVIDE FINANCIAL SUPPORT AND OTHER SERVICES TO THE SCHOOL. EFFECTIVE JULY 1, 2018, PROSPECT AMENDED ITS LEGAL PURPOSE TO ACT AS A CHARTER MANAGEMENT ORGANIZATION AND PROVIDE SUPPORT AS OUTLINE IN THE AGREEMENT. THE SCHOOL ENTERED INTO AN AGREEMENT WITH PROSPECT EFFECTIVE JULY 1, 2018 WHICH CALLS FOR PROSPECT TO OVERSEE THE SCHOOL IN THEIR DEVELOPMENT AND IMPLEMENTATION OF THE EDUCATIONAL AND INSTRUCTION PROGRAMS; SUPPORT AND ASSIST THE BUSINESS ADMINISTRATION OF THE SCHOOL; ASSIST IN THE RECRUITMENT OF PERSONNEL AND PROVIDE HUMAN RESOURCES SERVICES; AND OVERSEE THE FINANCIAL SERVICES AND REPORTS FOR THE SCHOOL. FOR THE YEAR END JUNE 30, 2019, THE SCHOOL PAID PROSPECT AN ANNUAL FEE OF 12% OF THE SCHOOL'S PER PUPIL OPERATING REVENUE, PER PUPIL FACILITIES REVENUE, FEDERAL INDIVIDUALS WITH DISABILITIES EDUCATION ACT REVENUE, AND FEDERAL TITLES REVENUE. THE MANAGEMENT FEE FOR THE YEAR ENDED JUNE 30, 2019 AMOUNTED TO $3,418,397.
FORM 990, PART VI, SECTION B, LINE 11BTHE FORM 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR AND DIRECTOR OF OPERATIONS AND FINANCE. THE FORM 990 IS THEN PROVIDED TO THE BOARD OF TRUSTEES FOR APPROVAL BEFORE FILING.
FORM 990, PART VI, SECTION B, LINE 12CALL OFFICERS, TRUSTEES AND KEY EMPLOYEES ARE REQUIRED TO DISCLOSE IN WRITING TO THE BOARD OF TRUSTEES ANNUALLY ANY POTENTIAL CONFLICTS OF INTEREST. IF A POTENTIAL CONFLICT WERE TO ARISE, THE INTERESTED PERSON SHALL EXCUSE THEMSELVES FROM BOARD DISCUSSION AND ABSTAIN FROM VOTING ON THE POTENTIAL CONFLICT. DELIBERATION AND DECISIONS ARE DOCUMENTED IN THE MINUTES OF THE MEETING.
FORM 990, PART VI, SECTION C, LINE 19THE ORGANIZATION 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 3002 FORT HAMILTON PARKWAY, BROOKLYN, NY 11218, OR BY CALLING THE ORGANIZATION DIRECTLY AT (347) 889-7041.
FORM 990, PART XI, LINE 9:WRITE OFF OF GRANTS RECEIVABLE -120,461.
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. THE PROCESS HAS NOT CHANGED SINCE FROM THE PRIOR YEAR.

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