2020-04-14T06:57:56-05:00 2019-06-30 042571780 AAFCPAS INC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2018-07-01 813293784 ROCHESTER PREP FOUNDATION INC ROCH 7186406355 C/O RHF 826 BROADWAY 9TH FL NEW YORK NY 10003 BRETT PEISER CEO 7186406355 2020-04-09 1 JOHN BUCKLEY CPA P00830631 5083669100 2020-04-09 40.70.31.102 2020-04-09 11:56:55 ED P 2DDD31951ED2AB8CB25029F66ABAED5153B45454 2DDD31951ED2AB8CB25029F66ABAED5153B45454 2018 2020-09-23 17:36:50Z BRETT PEISER 826 BROADWAY 9TH FLOOR NEW YORK NY 10003 3305239 0 X WWW.UNCOMMONSCHOOLS.ORG X 2016 NJ ROCHESTER PREP FOUNDATION WAS FORMED TO SUPPORT TRUE NORTH ROCHESTER PREPARATORY CHARTER SCHOOL OF ROCHESTER, BOTH OPERATIONALLY AND IN CONNECTION WITH THE ACQUISITION AND DEVELOPMENT OF FACILITIES. 3 1 0 1 0 0 848172 2491116 792257 813903 28 220 114286 0 1754743 3305239 0 0 0 0 0 0 0 0 0 819245 779884 819245 779884 935498 2525355 12862069 17544806 9935151 11978247 2926918 5566559 ROCHESTER PREP FOUNDATION WAS FORMED TO SUPPORT TRUE NORTH ROCHESTER PREPARATORY CHARTER SCHOOL OF ROCHESTER, BOTH OPERATIONALLY AND IN CONNECTION WITH THE ACQUISITION AND DEVELOPMENT OF FACILITIES. 0 0 779884 813903 EXPENSES INCURRED IN SUPPORTING TRUE NORTH ROCHESTER PREPARATORY CHARTER SCHOOL OF ROCHESTER. PLEASE REFER TO FORM 990, PART III, LINE 1, FOR THE ORGANIZATION'S MISSION. 779884 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 3 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 1 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY NJ X BRETT PEISER 7186406355 826 BROADWAY 9TH FLOOR NEW YORK NY 10003 BRETT PEISER DIRECTOR / CEO 1.00 46.00 X X 0 326984 21152 AHKILAH JOHNSON DIRECTOR 1.00 X 0 181570 15280 NORMAN ATKINS DIRECTOR 1.00 X 0 0 0 DIANE FLYNN FORMER DIRECTOR / CFO LEFT IN FY18 0.00 0.00 X 0 141228 0 0 649782 36432 0 1 1 0 DBI PROJECTS LLC 1261 BROADWAY 9TH FLOOR NEW YORK NY 10001 BUILDING CONSULTANT 166874 1 2491116 2491116 RENTAL INCOME 531110 813903 813903 813903 220 220 3305239 813903 0 220 150000 150000 3143 3143 4200 4200 24431 24431 365466 365466 218678 218678 MISCELLANEOUS 13966 13966 779884 779884 0 0 1830754 1342885 391895 1096 9343786 1064083 8609185 8279703 2030235 7921122 12862069 17544806 278844 2465813 255043 188026 7475705 4899803 1925559 4424605 9935151 11978247 X 2926918 5566559 2926918 5566559 12862069 17544806 X 2525355 114286 X X 0 1 X 1 0 X 476796 848172 2491116 3816084 476796 848172 2491116 3816084 3816084 30 28 220 278 755 34086 34841 3851203 2324388 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 584484 584484 3392107 411800 2980307 5367195 652283 4714912 8279703 RESTRICTED DEPOSITS 25671 CONSTRUCTION IN PROCESS 7895451 7921122 DUE TO RELATED PARTIES 4424605 4424605 X PART X, LINE 2: THE ORGANIZATION ACCOUNTS FOR THE UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ASC TOPIC, INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE CONSOLIDATED FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE ORGANIZATION HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS AT JUNE 30, 2019. X X X 0 0 0 0 0 0 0 0 0 BRETT PEISER DIRECTOR / CEO 0 324687 0 2297 0 0 0 3500 0 17652 0 348136 0 0 AHKILAH JOHNSON DIRECTOR 0 181070 0 500 0 0 0 3500 0 11780 0 196850 0 0 DIANE FLYNN FORMER DIRECTOR / CFO LEFT IN FY18 0 116228 0 25000 0 0 0 0 0 0 0 141228 0 0 FORM 990, PART VI, SECTION A, LINE 7A TWO-THIRDS OF THE TRUSTEES OF ROCHESTER PREP FOUNDATION ARE APPOINTED BY THE BOARD OF TRUSTEES OF UNCOMMON SCHOOLS, INC. IN ADDITION, AS VACANCIES ARISE ON THE ROCHESTER PREP FOUNDATION BOARD, THE BOARD OF TRUSTEES OF UNCOMMON SCHOOLS, INC. HAS THE RIGHT TO APPOINT TWO OF THE THREE TRUSTEES. FORM 990, PART VI, SECTION B, LINE 11B THE FEDERAL FORM 990 WAS PROVIDED TO THE BOARD OF DIRECTORS OF ROCHESTER PREP FOUNDATION, INC. FOR REVIEW BY ITS MEMBERS PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REGULARLY MONITORS AND ENFORCES COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY. ANNUALLY ALL MEMBERS OF THE BOARD OF DIRECTORS, OFFICERS, KEY EMPLOYEES AND SENIOR MANAGEMENT PERSONNEL COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE. THE COMPLETED QUESTIONNAIRES ARE RETURNED TO THE ORGANIZATION'S CHIEF FINANCIAL OFFICER FOR REVIEW. THEREAFTER, IF ANY CONFLICTS ARE IDENTIFIED, THE CHIEF FINANCIAL OFFICER PREPARES A SUMMARY OF THE COMPLETED QUESTIONNAIRES FOR REVIEW WITH THE BOARD OF DIRECTORS. WHEN NECESSARY, PROCEDURES ARE CREATED FOR ADDRESSING ANY IDENTIFIED CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 TWO OF ROCHESTER PREP FOUNDATION, INC.'S DIRECTORS AND/OR OFFICERS ARE EMPLOYEES OF UNCOMMON SCHOOLS, INC. THESE INDIVIDUALS ARE COMPENSATED ONLY FOR THEIR EMPLOYMENT SERVICES TO UNCOMMON SCHOOLS, INC. THE COMPENSATION IS PAID ONLY BY UNCOMMON SCHOOLS, INC. UNCOMMON SCHOOLS INC.'S BOARD OF DIRECTORS HAS A COMPENSATION COMMITTEE. THE COMPENSATION COMMITTEE COMPLETES A COMPARATIVE ANALYSIS OF SIMILAR ORGANIZATIONS WHICH IT USES AS GUIDANCE WHEN IT REVIEWS AND APPROVES THE COMPENSATION AND BENEFITS OF SENIOR MANAGEMENT. THE COMPENSATION COMMITTEE REVIEWS THE "TOTAL COMPENSATION" OF THE INDIVIDUALS WHICH INCLUDES BOTH CURRENT AND DEFFERRED COMPENSATION AND ALL EMPLOYEE BENEFITS, BOTH QUALIFIED AND UNQUALIFIED. THE COMPENSATION COMMITTEE'S REVIEW IS COMPLETED ON A REGULAR BASIS AND ENSURES THAT THE "TOTAL COMPENSATION" OF SENIOR MANAGEMENT IS REASONABLE. THE ACTIONS TAKEN BY THE COMPENSATION COMMITTEE ENABLE UNCOMMON SCHOOLS, INC. TO RECEIVE THE REBUTTABLE PRESUMPTION OF REASONABLENESS FOR PURPOSES OF INTERNAL REVENUE CODE 4958 WITH RESPECT TO THE TOTAL COMPENSATION OF CERTAIN MEMBERS OF THE SENIOR MANAGEMENT TEAM. THE THREE FACTORS WHICH MUST BE SATISFIED IN ORDER TO RECEIVE THE REBUTTABLE PRESUMPTION OF REASONABLENESS ARE THE FOLLOWING: 1. THE COMPENSATION ARRANGEMENT IS APPROVED IN ADVANCE BY AN "AUTHORIZED BODY" OF THE APPLICABLE TAX-EXEMPT ORGANIZATION WHICH IS COMPOSED ENTIRELY OF INDIVIDUALS WHO DO NOT HAVE A "CONFLICT OF INTEREST" WITH RESPECT TO THE COMPENSATION ARRANGEMENT. 2. THE "AUTHORIZED BODY" OBTAINED AND RELIED UPON "APPROPRIATE DATA AS TO COMPARABILITY" PRIOR TO MAKING ITS DETERMINATION; AND 3. THE "AUTHORIZED BODY" "ADEQUATELY DOCUMENTED THE BASIS FOR ITS DETERMINATION" CONCURRENTLY WITH MAKING THAT DETERMINATION. THE COMPENSATION COMMITTEE IS COMPRISED OF MEMBER OF THE BOARD OF TRUSTEES/DIRECTORS OF UNCOMMON SCHOOLS, INC. EACH OF WHOM ARE INDEPENDENT AND ARE FREE FROM ANY CONFLICTS OF INTEREST. THE COMPENSATION COMMITTEE ADEQUATELY DOCUMENTED ITS BASIS FOR ITS DETERMINATION THROUGH THE TIMELY PREPARATION OF WRITTEN MINUTES OF THE COMPENSATION COMMITTEE'S MEETINGS WHICH THE EXECUTIVES' COMPENSATION AND BENEFITS WERE REVIEWED AND SUBSEQUENTLY APPROVED. THE ACTIONS OUTLINED ABOVE WITH RESPECT TO THE COMPENSATION COMMITTEE AND THE ESTABLISHMENT OF THE REBUTTABLE PRESUMPTION OF REASONABLENESS ONLY APPLIES TO CERTAIN SENIOR MANAGEMENT PERSONNEL OF UNCOMMON SCHOOLS, INC. FORM 990, PART VI, SECTION C, LINE 19 ROCHESTER PREP FOUNDATION, INC'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND CONSOLIDATED FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: FORGIVENESS OF DEBT 114,286. FORM 990, PART XII, LINE 2C: THE ORGANIZATION DID NOT CHANGE THE OVERSIGHT PROCESS DURING THE TAX YEAR. TRUE NORTH PARKING LLC 826 BROADWAY 9TH FLOOR NEW YORK NY 10003 463030189 REAL ESTATE DE 0 10000 ROCHESTER PREP FOUNDATION INC TRUE NORTH ROCHESTER REAL ESTATE LLC 826 BROADWAY 9TH FLOOR NEW YORK NY 10003 463030189 REAL ESTATE DE 68443 824529 ROCHESTER PREP FOUNDATION INC TRUE NORTH ROCHESTER REAL ESTATE AMES STREET LLC 826 BROADWAY 9TH FLOOR NEW YORK NY 10003 463030189 REAL ESTATE NY 279346 1500102 ROCHESTER PREP FOUNDATION INC ROCHESTER CHILI AVENUE LLC 826 BROADWAY 9TH FLOOR NEW YORK NY 10003 463030189 REAL ESTATE NJ 244818 4527320 ROCHESTER PREP FOUNDATION INC TRUE NORTH ANDREWS STREET LLC 826 BROADWAY 9TH FLOOR NEW YORK NY 10003 810815340 REAL ESTATE NY 2586088 8102204 ROCHESTER PREP FOUNDATION INC TRUE NORTH ST JACOB STREET LLC 826 BROADWAY 9TH FLOOR NEW YORK NY 10003 812592181 REAL ESTATE NY 126544 2580651 ROCHESTER PREP FOUNDATION INC TRUE NORTH MARK LLC 826 BROADWAY 9TH FLOOR NEW YORK NY 10003 842443453 REAL ESTATE NY 0 0 ROCHESTER PREP FOUNDATION INC UNCOMMON SCHOOLS INC 826 BROADWAY 9TH FLOOR NEW YORK NY 10003 311488698 MANAGEMENT SERVICES NJ 501(C)(3) LINE 7 N/A 0 EXCELLENCE ACADEMIES FOUNDATION INC 826 BROADWAY 9TH FLOOR NEW YORK NY 10003 010790110 SUPPORT SERVICES DE 501(C)(3) LINE 12A, I UNCOMMON SCHOOLS INC 0 UNCOMMON LENDER INC 826 BROADWAY 9TH FLOOR NEW YORK NY 10003 263594129 LENDING SERVICES NJ 501(C)(3) LINE 7 UNCOMMON SCHOOLS INC 0 NORTH STAR ACADEMY FOUNDATION INC 826 BROADWAY 9TH FLOOR NEW YORK NY 10003 811625366 REAL ESTATE NJ 501(C)(3) LINE 7 UNCOMMON SCHOOLS INC 0 CAMDEN PREP FOUNDATION INC 826 BROADWAY 9TH FLOOR NEW YORK NY 10003 813286453 REAL ESTATE NJ 501(C)(3) LINE 7 UNCOMMON SCHOOLS INC 0 TROY PREP FOUNDATION INC 826 BROADWAY 9TH FLOOR NEW YORK NY 10003 813293910 REAL ESTATE NJ 501(C)(3) LINE 7 UNCOMMON SCHOOLS INC 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0