2020-07-15T17:34:55-05:00 2019-06-30 271728945 PKF O'CONNOR DAVIES 665 FIFTH AVENUE NEW YORK NY 10022 990 2018-07-01 263206518 BROOKLYN PROSPECT CHARTER SCHOOL BROO 7186431086 355 BRIDGE STREET BROOKLYN NY 11201 JILL INBAR BOARD CHAIR 7186431086 2020-07-15 1 GARRETT M HIGGINS P00543209 2122862600 2020-07-15 68.175.34.111 2020-07-15 15:40:32 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 B29914CEB47F2C50F9800CDE5B5AE22990D509AB 2018 2021-01-29 14:40:06Z X JILL INBAR 355 BRIDGE STREET BROOKLYN NY 11201 31999561 0 X WWW.BROOKLYNPROSPECT.ORG X 2008 NY OUR SCHOOL PREPARES STUDENTS FOR SUCCESS AS GLOBAL CITIZENS. 8 8 379 130 0 0 2514299 1812316 23047783 29543994 1873 1477 176975 641774 25740930 31999561 0 0 0 0 19315797 19761672 0 0 356028 6646251 11345416 25962048 31107088 -221118 892473 7498555 8556748 3095261 3381442 4403294 5175306 X SERVING 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. 0 0 25157119 29543994 FOR THE 2018-2019 SCHOOL YEAR, WE SERVED APPROXIMATELY 1,440 STUDENTS IN GRADES KINDERGARTEN THROUGH TWELFTH. 25157119 1 1 0 0 0 0 0 0 0 0 1 0 0 1 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 86 0 379 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 0 0 0 X HILLARY PRINCE 7186431086 355 BRIDGE STREET BROOKLYN NY 11201 X JILL INBAR BOARD CHAIR 1.00 X X 0 0 0 LUYEN CHOU ACADEMIC & OVERSIGHT CHAIR 5.00 X X 0 0 0 SAM KOCH GOVERNANCE & NOMINATING CHAIR 1.00 X X 0 0 0 DAVID VON SPRECKELSON FACILITIES CHAIR 1.00 X 0 0 0 CHRISTINE BURKE AUDIT & FINANCE CHAIR 1.00 X 0 0 0 ERIN CARSTENSEN TRUSTEE 1.00 X 0 0 0 JILIAN GERSTEN TRUSTEE 1.00 X 0 0 0 ROHAN GOPALDAS TRUSTEE 1.00 X 0 0 0 INGRID WONG PRINCIPAL, HIGH SCHOOL 40.00 X 148644 0 18583 JUMAANE SAUNDERS PRINCIPAL, ELEMENTARY SCHO 40.00 X 127092 0 27499 CAROLYN MICHAEL PRINCIPAL, MIDDLE SCHOOL 40.00 X 118199 0 24252 JACKLYN DELUCA PRINCIPAL, MIDDLE SCHOOL 40.00 X 121039 0 6944 KIM RACCIO PRINCIPAL, HIGH SCHOOL 40.00 X 116980 0 13928 631954 0 91206 5 0 1 0 PROSPECT SCHOOLS INC 355 BRIDGE STREET BROOKLYN NY 11201 MANAGEMENT SERVICES 1755552 TALISEN CONSTRUCTION CORP 213 W 35TH STREET NEW YORK NY 10001 CONSTRUCTION SERVICES 317627 GLOBAL SYSTEMS 365 PO BOX 734 CENTRAL ISLIP NY 11722 TECHNOLOGY SERVICES 217228 SCHOOL PROFESSIONAL 622 THIRD AVENUE 39TH FL NEW YORK NY 10017 EDUCATION SERVICES 183799 LOCI ARCHITECTURE 594 BROADWAY STE 506 NEW YORK NY 10017 ARCHITECTURAL SERVICES 151098 6 1481486 330830 1812316 GOVERNMENT PER-PUPIL REVENUE 611000 25945011 25945011 FACILITIES PER-PUPIL REVENUE 611000 3079826 3079826 AFTER SCHOOL PROGRAM 611000 376166 376166 FIELD TRIPS AND EVENTS 611000 142991 142991 29543994 1477 1477 REFUND OF PY EXPENSES & REIMBURSE 900099 537762 537762 MISCELLANEOUS REVENUE 900099 43340 43340 MEAL PAYMENTS 900099 38242 38242 22430 22430 641774 31999561 29543994 0 643251 16195788 14876219 1186073 133496 489597 450429 39168 1612137 1483165 128972 1464150 1347017 117133 3418397 1025519 2221958 170920 12609 12609 18273 18273 496400 325804 170596 417094 351681 61432 3981 104915 86467 18448 4520861 3816482 704379 22167 12330 9837 759959 759959 111909 111909 UBI TAX PAID 44315 40770 3545 CURRICULUM AND CLASSROO 920958 920958 STUDENT AND STAFF SPECI 246832 238270 8562 PROFESSIONAL DEVELOPMEN 174098 160169 13929 76629 21839 7159 47631 31107088 25157119 5593941 356028 1400 392814 339628 645456 1076176 513481 585 0 140407 140954 8982070 4094679 4697165 4887391 1243194 1976652 7498555 8556748 234315 664830 24373 24603 2836573 2692009 3095261 3381442 X 4403294 5175306 4403294 5175306 7498555 8556748 X 892473 -120461 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5153426 1468587 3684839 2960724 2133256 827468 867920 492836 375084 4887391 SECURITY DEPOSIT 1517000 DUE FROM AFFILIATE 308377 RESTRICTED CASH 151275 1976652 DEFERRED RENT 2692009 2692009 X 32061623 62062 62062 31999561 0 31999561 31289611 62062 120461 182523 31107088 0 31107088 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. 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. 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 6 THE SCHOOL RECEIVES VARIOUS FEDERAL AND STATE GRANTS TO ASSIST WITH COVERING THE COST OF CERTAIN PROGRAMS. X X X X 1 0 0 0 0 0 0 0 0 INGRID WONG PRINCIPAL, HIGH SCHOOL 61978 0 0 0 86666 0 2593 0 15990 0 167227 0 0 0 JUMAANE SAUNDERS PRINCIPAL, ELEMENTARY SCHO 127092 0 0 0 0 0 5447 0 22052 0 154591 0 0 0 PART I, LINE 4A PRINCIPAL, 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. FORM 990, PART VI, SECTION A, LINE 3 THE 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 11B THE 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 12C ALL 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 19 THE 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.