BETA

PAVE ACADEMY CHARTER SCHOOL: Form 990, tax year 2019

View the entire original 990 at ProPublica ↗

Organization
PAVE ACADEMY CHARTER SCHOOL (EIN 26-2272858)
Tax period
2019-07-01 to 2020-06-30
Filed
2020-11-12
IRS object ID
202043179349304839
Schema version
2019v5.1
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)
Return2020-11-12T13:07:27-06:00ReturnTs
Tax Period End2020-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN271728945PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1PKF O'CONNOR DAVIES LLPBusinessNameLine1Txt

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 Begin2019-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN262272858EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1PAVE ACADEMY CHARTER SCHOOLBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlPAVEBusinessNameControlTxt
Phone7188587813PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1732 HENRY STREETAddressLine1Txt
CityBROOKLYNCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11231ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJAMIE GREENTHALPersonNm
Person TitleBOARD CHAIRPersonTitleTxt
Phone7188587813PhoneNum
Signature2020-11-12SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonGARRETT M HIGGINSPreparerPersonNm
PTINP00543209PTIN
Phone2122862600PhoneNum
Preparation2020-11-12PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address100.38.194.231IPv4AddressTxt
FieldValueIRS element (for citing)
IP2020-11-12IPDt
IP Tm11:59:00IPTm
IP TimezoneESIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device IdDA39A3EE5E6B4B0D3255BFEF95601890AFD80709AtSubmissionCreationDeviceId
At Submission Filing Device Id4F9F0882E2C1046A9DC4DC01D0F262469E3815E0AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2019TaxYr
Build TS2021-01-29 14:40:06ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerJAMIE GREENTHALPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1732 HENRY STREETAddressLine1Txt
CityBROOKLYNCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11231ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$10,563,483GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.PAVEACADEMY.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2008FormationYr
Legal Domicile StateNYLegalDomicileStateCd
Activity Or MissionPREPARE STUDENTS TO THRIVE IN COMPETITIVE HIGH SCHOOLS AND FOUR YEAR COLLEGES.ActivityOrMissionDesc
Voting Members Governing Body8VotingMembersGoverningBodyCnt
Voting Members Independent8VotingMembersIndependentCnt
Total Employee94TotalEmployeeCnt
Total Volunteers8TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$679,241PYContributionsGrantsAmt
CY Contributions Grants$704,373CYContributionsGrantsAmt
PY Program Service Revenue$8,910,290PYProgramServiceRevenueAmt
CY Program Service Revenue$9,846,485CYProgramServiceRevenueAmt
PY Investment Income$46PYInvestmentIncomeAmt
CY Investment Income$25CYInvestmentIncomeAmt
PY Other Revenue$28,800PYOtherRevenueAmt
CY Other Revenue$12,600CYOtherRevenueAmt
PY Total Revenue$9,618,377PYTotalRevenueAmt
CY Total Revenue$10,563,483CYTotalRevenueAmt
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$5,854,809PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$6,239,818CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$3,125,827PYOtherExpensesAmt
CY Other Expenses$3,065,828CYOtherExpensesAmt
PY Total Expenses$8,980,636PYTotalExpensesAmt
CY Total Expenses$9,305,646CYTotalExpensesAmt
PY Revenues Less Expenses$637,741PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$1,257,837CYRevenuesLessExpensesAmt
Total Assets BOY$3,175,660TotalAssetsBOYAmt
Total Assets EOY$5,733,218TotalAssetsEOYAmt
Total Liabilities BOY$692,461TotalLiabilitiesBOYAmt
Total Liabilities EOY$1,992,182TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$2,483,199NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$3,741,036NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionPAVE 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, VIBRANCE AND EXCELLENT CHARACTER (PAVE).MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$8,513,209ExpenseAmt
Revenue$9,846,485RevenueAmt
DescEXPENSES DIRECTLY ASSOCIATED WITH THE OPERATIONS OF THE CHARTER SCHOOL AND THE RELATED CURRICULUM COSTS. FOR THE 2019-2020 SCHOOL YEAR, THE ORGANIZATION SERVED APPROXIMATELY 510 STUDENTS IN GRADES KINDERGARTEN THROUGH EIGHT.Desc
Total Program Service Expenses$8,513,209TotalProgramServiceExpensesAmt
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
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
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 Required0ScheduleJRequiredInd
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 With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
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 Document31IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee94EmployeeCnt
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 CEOYes (1)CompensationProcessCEOInd
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 Line1LISA LURIEBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone7188587813PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1732 HENRY STREETAddressLine1Txt
CityBROOKLYNCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11231ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (15 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtHighest Compensated EmployeeHighestCompensatedEmployeeIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerIndIndividual Trustee Or DirectorIndividualTrusteeOrDirectorInd
DAWN ANTOINE-FORBES
DIRECTOR OF OPERATIONS40.00Yes (X)$114,132$0$33,764
MICHELLE COOK
ELEMENTARY SCHOOL PRINCIPAL40.00$111,795$0$26,482Yes (X)
MATTHEW MCSORLEY
DIRECTOR OF OPERATIONS40.00Yes (X)$127,299$0$3,028
HAROLD TURNER
MIDDLE SCHOOL PRINCIPAL40.00$107,926$0$14,981Yes (X)
DENAYNA COLLINS
DEAN OF STEM40.00Yes (X)$100,123$0$11,959
HANNAH PRUSSIN
ELEMENTARY SCHOOL PRINCIPAL THRU 7/31/1940.00$89,158$0$10,493Yes (X)
GEOFFREY FENELUS
MIDDLE SCHOOL PRINCIPAL THRU 7/15/1940.00$87,869$0$305Yes (X)
JAMIE GREENTHAL
BOARD CHAIR1.00$0$0$0Yes (X)Yes (X)
MICHAEL HEALY
SECRETARY1.00$0$0$0Yes (X)Yes (X)
ANNIE HOPKINS
TREASURER1.00$0$0$0Yes (X)Yes (X)
SOPHIE LIIPPINCOTT FERRER
TRUSTEE1.00$0$0$0Yes (X)
DANIEL GREENBLATT
TRUSTEE1.00$0$0$0Yes (X)
KIM LUMPKIN
TRUSTEE1.00$0$0$0Yes (X)
MELISSA MELLING
TRUSTEE1.00$0$0$0Yes (X)
ALLIE SWEENEY
TRUSTEE1.00$0$0$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$738,302TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$101,012TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K5IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
PAVE SCHOOLS INC
238 CONOVER STREETBROOKLYNNY11231MANAGEMENT FEES$427,001
BUTTER BEANS INC
41-43 39TH STREETSUNNYSIDENY11104SCHOOL LUNCH AND SERVICE PROVIDER$408,829
SIGNATURE CLEANING SERVICES INC
231 W 29TH STNEW YORKNY10001CLEANING SERVICE$245,107
SWITCH TECHNOLOGIES
78 HORSEBLOCK ROAD 6YAPHANKNY11980TECHNOLOGY AND SERVICE PROVIDER$144,987
FUSCO MANAGEMENT
555 LONG WARF DRIVE SUITE 14NEW HAVENCT06511MANAGEMENT COMPANY FOR FACILITIES$137,577
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K5CntrctRcvdGreaterThan100KCnt
Government Grants$684,278GovernmentGrantsAmt
All Other Contributions$20,095AllOtherContributionsAmt
Total Contributions$704,373TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescGOV'T PER-PUPIL REV.Desc
Business900099BusinessCd
Total Revenue Column$9,846,485TotalRevenueColumnAmt
Related Or Exempt Func Income$9,846,485RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$9,846,485TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$25TotalRevenueColumnAmt
Exclusion$25ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$12,600RealAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$0RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$12,600RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$12,600TotalRevenueColumnAmt
Exclusion$12,600ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$10,563,483TotalRevenueColumnAmt
Related Or Exempt Func Income$9,846,485RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$12,625ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$300,662TotalAmt
Program Services$285,629ProgramServicesAmt
Management And General$15,033ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$4,772,369TotalAmt
Program Services$4,316,171ProgramServicesAmt
Management And General$456,198ManagementAndGeneralAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$38,438TotalAmt
Program Services$34,751ProgramServicesAmt
Management And General$3,687ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$740,200TotalAmt
Program Services$674,329ProgramServicesAmt
Management And General$65,871ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$388,149TotalAmt
Program Services$351,974ProgramServicesAmt
Management And General$36,175ManagementAndGeneralAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$882,702TotalAmt
Program Services$800,436ProgramServicesAmt
Management And General$82,266ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$829TotalAmt
Program Services$752ProgramServicesAmt
Management And General$77ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$36,735TotalAmt
Program Services$33,311ProgramServicesAmt
Management And General$3,424ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$628,725TotalAmt
Program Services$576,054ProgramServicesAmt
Management And General$52,671ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$69,679TotalAmt
Program Services$66,608ProgramServicesAmt
Management And General$3,071ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$131,440TotalAmt
Program Services$119,191ProgramServicesAmt
Management And General$12,249ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$57,697TotalAmt
Program Services$52,320ProgramServicesAmt
Management And General$5,377ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$157,554TotalAmt
Program Services$142,870ProgramServicesAmt
Management And General$14,684ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$738TotalAmt
Program Services$669ProgramServicesAmt
Management And General$69ManagementAndGeneralAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$1,620TotalAmt
Program Services$1,469ProgramServicesAmt
Management And General$151ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$132,887TotalAmt
Program Services$120,502ProgramServicesAmt
Management And General$12,385ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$56,131TotalAmt
Program Services$50,900ProgramServicesAmt
Management And General$5,231ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtManagement And GeneralManagementAndGeneralAmtProgram ServicesProgramServicesAmt
UBI TAX PAYMENT$5,044$5,044
CLASSROOM MATERIALS$335,606$335,606
STUDENT MEALS$289,094$289,094
REPAIRS & MAINTENANCE$180,104$16,786$163,318

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$99,243TotalAmt
Program Services$97,255ProgramServicesAmt
Management And General$1,988ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$9,305,646TotalAmt
Program Services$8,513,209ProgramServicesAmt
Management And General$792,437ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$2,564,205BOYAmt
EOY$4,721,431EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
EOY$75,298EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$197,963BOYAmt
EOY$362,310EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$16,200BOYAmt
EOY$475EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$757BOYAmt
EOY$36,099EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$1,194,014LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$738,476LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$314,385BOYAmt
EOY$455,538EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$82,150BOYAmt
EOY$82,067EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$3,175,660BOYAmt
EOY$5,733,218EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$454,635BOYAmt
EOY$467,198EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$1,144,300EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$237,826BOYAmt
EOY$380,684EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$692,461BOYAmt
EOY$1,992,182EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$2,483,199BOYAmt
EOY$3,741,036EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$2,483,199BOYAmt
EOY$3,741,036EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$3,175,660BOYAmt
EOY$5,733,218EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$1,257,837ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
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$178,436OtherCostOrOtherBasisAmt
Depreciation$62,103DepreciationAmt
Book Value$116,333BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$887,026OtherCostOrOtherBasisAmt
Depreciation$573,418DepreciationAmt
Book Value$313,608BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$128,552OtherCostOrOtherBasisAmt
Depreciation$102,955DepreciationAmt
Book Value$25,597BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$455,538TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescDUE TO PAVE SCHOOLSDesc
Amt$380,684Amt
FieldValueIRS element (for citing)
Total Liability$380,684TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$10,563,483TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported$0RevenueNotReportedAmt
Revenue Subtotal$10,563,483RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$10,563,483TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$9,305,646TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$9,305,646ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$9,305,646TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART X, LINE 2:FormAndLineReferenceDesc
ExplanationTHE 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, 2017.ExplanationTxt

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 (3 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. PROC. 75-50 AND AS MODIFIED BY REV. PROC. 2019-22. THE SCHOOL PUBLICIZES A SUMMARY OF ITS NON-DISCRIMINATORY POLICY ON THE PAVE SCHOOLS, INC. 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.

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 3PAVE SCHOOLS, INC., A NOT-FOR-PROFIT 501(C)(3) EXEMPT ORGANIZATION, PROVIDED THE ORGANIZATION WITH MANAGEMENT SERVICES DURING FY'20. PAVE SCHOOLS PROVIDES EDUCATIONAL, OPERATIONAL, FISCAL MANAGEMENT AND HUMAN RESOURCE SERVICES. MANAGEMENT FEE EXPENSE FOR THE YEAR ENDED JUNE 30, 2020 WAS $882,702. THE MANAGEMENT AGREEMENT WAS MUTUALLY TERMINATED ON JUNE 30, 2020. PAVE ACADEMY CHARTER SCHOOL HAS TRANSITIONED ALL APPLICABLE RESPONSIBILITIES INCLUDING IMPLEMENTATION OF EDUCATIONAL PROGRAMS, COACHING, PROFESSIONAL DEVELOPMENT AND BUSINESS ADMINISTRATION SUPPORT, TO WITHIN PAVE ACADEMY CHARTER SCHOOL.
FORM 990, PART VI, SECTION B, LINE 11BTHE 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 12CTHE ORGANIZATION HAS A CONFLICT OF INTEREST POLICY APPLICABLE TO ALL TRUSTEES, OFFICERS, KEY PERSONS AND EMPLOYEES OF THE SCHOOL. ANY PERSON WITH A POTENTIAL OR ACTUAL CONFLICT OF INTEREST MUST PROMPTLY DISCLOSE SUCH POTENTIAL OR ACTUAL CONFLICT OF INTEREST IN GOOD FAITH IN WRITING TO HIS OR HER IMMEDIATE SUPERVISOR, AS APPLICABLE, AND TO EACH MEMBER OF THE BOARD. ANY TRUSTEE, OFFICER, KEY PERSON OR EMPLOYEE TO WHICH THE POTENTIAL OR ACTUAL CONFLICT OF INTEREST RELATES SHALL NOT BE PRESENT AT OR PARTICIPATE IN THE BOARD OR COMMITTEE DELIBERATION OR VOTE ON THE MATTER GIVING RISE TO SUCH CONFLICT; PROVIDED THAT NOTHING SHALL PROHIBIT THE BOARD OR A COMMITTEE FROM REQUESTING THAT THE PERSON WITH THE CONFLICT OF INTEREST PRESENT INFORMATION AS BACKGROUND OR ANSWER QUESTIONS AT A COMMITTEE OR BOARD MEETING PRIOR TO THE COMMENCEMENT OF DELIBERATIONS OR VOTING RELATING THERETO. THE BOARD OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED TRUSTEES OR COMMITTEE MEMBERS WHETHER A CONFLICT EXISTS. THE INTEREST PERSON SHALL RECUSE FROM PARTICIPATING IN DECISION MAKING ON MATTERS INVOLVING THE CONFLICT. ALL TRUSTEES ARE REQUIRED TO SIGN A CONFLICT OF INTEREST AGREEMENT AND SUBMIT TO THE BOARD SECRETARY ANNUALLY.
FORM 990, PART VI, SECTION B, LINE 15APAVE 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: THE ELEMENTARY SCHOOL PRINCIPAL, THE MIDDLE SCHOOL 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 2020.
FORM 990, PART VI, SECTION C, LINE 19PAVE 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.

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.