2020-11-12T13:07:27-06:00 2020-06-30 271728945 PKF O'CONNOR DAVIES LLP 665 FIFTH AVENUE NEW YORK NY 10022 990 2019-07-01 262272858 PAVE ACADEMY CHARTER SCHOOL PAVE 7188587813 732 HENRY STREET BROOKLYN NY 11231 JAMIE GREENTHAL BOARD CHAIR 7188587813 2020-11-12 1 GARRETT M HIGGINS P00543209 2122862600 2020-11-12 100.38.194.231 2020-11-12 11:59:00 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 4F9F0882E2C1046A9DC4DC01D0F262469E3815E0 2019 2021-01-29 14:40:06Z JAMIE GREENTHAL 732 HENRY STREET BROOKLYN NY 11231 10563483 0 X WWW.PAVEACADEMY.ORG X 2008 NY PREPARE STUDENTS TO THRIVE IN COMPETITIVE HIGH SCHOOLS AND FOUR YEAR COLLEGES. 8 8 94 8 0 0 679241 704373 8910290 9846485 46 25 28800 12600 9618377 10563483 0 0 0 0 5854809 6239818 0 0 0 3125827 3065828 8980636 9305646 637741 1257837 3175660 5733218 692461 1992182 2483199 3741036 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, VIBRANCE AND EXCELLENT CHARACTER (PAVE). 0 0 8513209 9846485 EXPENSES 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. 8513209 1 1 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 31 0 94 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 732 HENRY STREET BROOKLYN NY 11231 DAWN ANTOINE-FORBES DIRECTOR OF OPERATIONS 40.00 X 114132 0 33764 MICHELLE COOK ELEMENTARY SCHOOL PRINCIPAL 40.00 X 111795 0 26482 MATTHEW MCSORLEY DIRECTOR OF OPERATIONS 40.00 X 127299 0 3028 HAROLD TURNER MIDDLE SCHOOL PRINCIPAL 40.00 X 107926 0 14981 DENAYNA COLLINS DEAN OF STEM 40.00 X 100123 0 11959 HANNAH PRUSSIN ELEMENTARY SCHOOL PRINCIPAL THRU 7/31/19 40.00 X 89158 0 10493 GEOFFREY FENELUS MIDDLE SCHOOL PRINCIPAL THRU 7/15/19 40.00 X 87869 0 305 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 738302 0 101012 5 0 0 0 PAVE SCHOOLS INC 238 CONOVER STREET BROOKLYN NY 11231 MANAGEMENT FEES 427001 BUTTER BEANS INC 41-43 39TH STREET SUNNYSIDE NY 11104 SCHOOL LUNCH AND SERVICE PROVIDER 408829 SIGNATURE CLEANING SERVICES INC 231 W 29TH ST NEW YORK NY 10001 CLEANING SERVICE 245107 SWITCH TECHNOLOGIES 78 HORSEBLOCK ROAD 6 YAPHANK NY 11980 TECHNOLOGY AND SERVICE PROVIDER 144987 FUSCO MANAGEMENT 555 LONG WARF DRIVE SUITE 14 NEW HAVEN CT 06511 MANAGEMENT COMPANY FOR FACILITIES 137577 5 684278 20095 704373 GOV'T PER-PUPIL REV. 900099 9846485 9846485 9846485 25 25 12600 0 12600 12600 12600 10563483 9846485 0 12625 300662 285629 15033 4772369 4316171 456198 38438 34751 3687 740200 674329 65871 388149 351974 36175 882702 800436 82266 829 752 77 36735 33311 3424 628725 576054 52671 69679 66608 3071 131440 119191 12249 57697 52320 5377 157554 142870 14684 738 669 69 1620 1469 151 132887 120502 12385 56131 50900 5231 UBI TAX PAYMENT 5044 5044 CLASSROOM MATERIALS 335606 335606 STUDENT MEALS 289094 289094 REPAIRS & MAINTENANCE 180104 163318 16786 99243 97255 1988 9305646 8513209 792437 0 2564205 4721431 75298 197963 362310 16200 475 757 36099 1194014 738476 314385 455538 82150 82067 3175660 5733218 454635 467198 0 1144300 237826 380684 692461 1992182 X 2483199 3741036 2483199 3741036 3175660 5733218 1257837 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 178436 62103 116333 887026 573418 313608 128552 102955 25597 455538 DUE TO PAVE SCHOOLS 380684 380684 X 10563483 0 10563483 0 10563483 9305646 0 9305646 0 9305646 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, 2017. 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 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. 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'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 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, 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 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: 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 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.