INWOOD ACADEMY FOR LEADERSHIP CHARTER SCHOOL: Form 990, tax year 2017

View the entire original 990 at ProPublica ↗

Organization
INWOOD ACADEMY FOR LEADERSHIP CHARTER SCHOOL (EIN 27-1936773)
Tax period
2017-07-01 to 2018-06-30
Filed
2019-03-13
IRS object ID
201900729349300525
Schema version
2017v2.3
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)
Return2019-03-13T17:19:25-05:00ReturnTs
Tax Period End2018-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN133842744PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1MBAF CPAS LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1440 PARK AVE SOUTHAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10016ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2017-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN271936773EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1INWOOD ACADEMY FOR LEADERSHIPBusinessNameLine1Txt
Business Name Line2CHARTER SCHOOLBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlINWOBusinessNameControlTxt
Phone2129421450PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1108 COOPER STREETAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10034ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonBENJAMIN WILSONPersonNm
Person TitleBOARD TREASURERPersonTitleTxt
Phone2129421450PhoneNum
Signature2019-02-27SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMARC TAUBPreparerPersonNm
PTINP00236664PTIN
Phone2125761400PhoneNum

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address139.194.59.120IPv4AddressTxt
FieldValueIRS element (for citing)
IP2019-02-27IPDt
IP Tm12:34:54IPTm
IP TimezoneUSIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device Id490BE05DA1A8F9617A7A5AED64827737226F122AAtSubmissionCreationDeviceId
At Submission Filing Device Id9EA1C8426C558CF80333E5767BC60C3FBAC1E655AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2017TaxYr
Build TS2019-02-21 02:37:17ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerCHRISTINA REYESPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1108 COOPER STREETAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10034ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$17,742,998GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.INWOODACADEMY.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2009FormationYr
Legal Domicile StateNYLegalDomicileStateCd
Activity Or MissionTO EMPOWER STUDENTS IN THE INWOOD AND WASHINGTON HEIGHTS AREAS OF NEW YORK CITY TO BECOME AGENTS FOR CHANGE THROUGH COMMUNITY-FOCUSED LEADERSHIP, CHARACTER DEVELOPMENT, AND COLLEGE PREPAREDNESS.ActivityOrMissionDesc
Voting Members Governing Body8VotingMembersGoverningBodyCnt
Voting Members Independent8VotingMembersIndependentCnt
Total Employee181TotalEmployeeCnt
Total Volunteers18TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$22,908NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$122,862PYContributionsGrantsAmt
CY Contributions Grants$157,740CYContributionsGrantsAmt
PY Program Service Revenue$15,250,641PYProgramServiceRevenueAmt
CY Program Service Revenue$17,570,064CYProgramServiceRevenueAmt
PY Investment Income$516PYInvestmentIncomeAmt
CY Investment Income$15,194CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$15,374,019PYTotalRevenueAmt
CY Total Revenue$17,742,998CYTotalRevenueAmt
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$9,160,582PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$9,757,202CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$409,436CYTotalFundraisingExpenseAmt
PY Other Expenses$4,137,510PYOtherExpensesAmt
CY Other Expenses$4,872,409CYOtherExpensesAmt
PY Total Expenses$13,298,092PYTotalExpensesAmt
CY Total Expenses$14,629,611CYTotalExpensesAmt
PY Revenues Less Expenses$2,075,927PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$3,113,387CYRevenuesLessExpensesAmt
Total Assets BOY$5,652,497TotalAssetsBOYAmt
Total Assets EOY$27,038,969TotalAssetsEOYAmt
Total Liabilities BOY$878,304TotalLiabilitiesBOYAmt
Total Liabilities EOY$19,151,389TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$4,774,193NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$7,887,580NetAssetsOrFundBalancesEOYAmt
MissionTO EMPOWER STUDENTS IN THE INWOOD AND WASHINGTON HEIGHTS AREAS OF NEW YORK CITY TO BECOME AGENTS FOR CHANGE THROUGH COMMUNITY-FOCUSED LEADERSHIP, CHARACTER DEVELOPMENT, AND COLLEGE PREPAREDNESS.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$12,082,618ExpenseAmt
Revenue$17,570,064RevenueAmt
DescINWOOD ACADEMY FOR LEADERSHIP'S ACADEMIC PROGRAM IS DESIGNED TO INSPIRE STUDENTS' INTELLECTUAL CURIOSITY AND CONFIDENCE. OUR PROGRAM UTILIZES THE CORE KNOWLEDGE PROGRAM TO PAIR CONTENT KNOWLEDGE WITH SKILLS DEVELOPMENT. ALL INWOOD ACADEMY FOR LEADERSHIP SCHOLARS TAKE CLASSES IN FOUR CORE SUBJECTS - ENGLISH LANGUAGE ARTS, SCIENCE, SOCIAL STUDIES AND MATHEMATICS - AS WELL AS ART, SPANISH, MUSIC, WRITING, PHYSICAL EDUCATION AND HEALTH.Desc
Total Program Service Expenses$12,082,618TotalProgramServiceExpensesAmt
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 BondsYes (1)TaxExemptBondsInd
Invest Tax Exempt Bonds0InvestTaxExemptBondsInd
Escrow Account0EscrowAccountInd
On Behalf Of Issuer0OnBehalfOfIssuerInd
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 Document46IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee181EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitYes (1)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (1)Form990TFiledInd
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
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members8GoverningBodyVotingMembersCnt
Independent Voting Member8IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
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 OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldNYStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1JENNY PICHARDOBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2123040103PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1108 COOPER STREETAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10034ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (12 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtHighest Compensated EmployeeHighestCompensatedEmployeeInd
RAHSAAN GRAHAM
CHAIRMAN THRU JUNE 20181.00Yes (X)Yes (X)$0$0$0
MATT MAHONEY
VICE CHAIRMAN1.00Yes (X)Yes (X)$0$0$0
ELYSSA SIMINERIO
BOARD MEMBER1.00Yes (X)$0$0$0
JOANN LOONEY
SECRETARY THRU JUNE 20181.00Yes (X)Yes (X)$0$0$0
TOMAS ALMONTE
TREASURER1.00Yes (X)Yes (X)$0$0$0
LOURDES RODRIGUEZ
BOARD MEMBER THRU AUG 20171.00Yes (X)$0$0$0
JAY PATRICK
BOARD MEMBER1.00Yes (X)$0$0$0
BENJAMIN WILSON
BOARD MEMBER1.00Yes (X)$0$0$0
JASON HARRIS
BOARD MEMBER1.00Yes (X)$0$0$0
CHRISTINA REYES
EXECUTIVE DIRECTOR40.00Yes (X)$150,016$0$11,101
JENNY PICHARDO
CFO40.00Yes (X)$131,599$0$2,797
VALERIE HOEKSTRA
MS PRINCIPAL40.00$112,026$0$9,901Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$393,641TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$23,799TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K3IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (3 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
SPECTOR GROUP
183 MADISON AVENEW YORKNY10016ARCHITECTURAL SERVICES$211,714
GREENBERG TRAURIG LLP
200 PARK AVENEW YORKNY10166LEGAL/CONSTRUCTION$157,296
WORKS-IN-PROGRESS ASSOCIATES
33 RECTOR ST 14NEW YORKNY10006CONSTRUCTION SERVICES$149,171
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K3CntrctRcvdGreaterThan100KCnt
Membership Dues$36,879MembershipDuesAmt
Government Grants$13,544GovernmentGrantsAmt
All Other Contributions$107,317AllOtherContributionsAmt
Total Contributions$157,740TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
STATE AND LOCAL PER PUPIL OPERATI900099$15,337,727$15,337,727
FEES FROM GOVERNMENT CONTRACTS900099$2,232,337$2,232,337
FieldValueIRS element (for citing)
Total Program Service Revenue$17,570,064TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$15,194TotalRevenueColumnAmt
Exclusion$15,194ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$17,742,998TotalRevenueColumnAmt
Related Or Exempt Func Income$17,570,064RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$15,194ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$314,053TotalAmt
Program Services$266,945ProgramServicesAmt
Management And General$31,405ManagementAndGeneralAmt
Fundraising$15,703FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$7,844,169TotalAmt
Program Services$6,614,258ProgramServicesAmt
Management And General$1,077,398ManagementAndGeneralAmt
Fundraising$152,513FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$144,179TotalAmt
Program Services$121,558ProgramServicesAmt
Management And General$19,878ManagementAndGeneralAmt
Fundraising$2,743FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$809,267TotalAmt
Program Services$682,539ProgramServicesAmt
Management And General$110,277ManagementAndGeneralAmt
Fundraising$16,451FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$645,534TotalAmt
Program Services$544,481ProgramServicesAmt
Management And General$87,776ManagementAndGeneralAmt
Fundraising$13,277FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$18,302TotalAmt
Management And General$18,302ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$84,827TotalAmt
Management And General$84,827ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$704,057TotalAmt
Program Services$501,914ProgramServicesAmt
Management And General$144,754ManagementAndGeneralAmt
Fundraising$57,389FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$191,551TotalAmt
Program Services$46,088ProgramServicesAmt
Management And General$144,628ManagementAndGeneralAmt
Fundraising$835FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$159,631TotalAmt
Program Services$137,229ProgramServicesAmt
Management And General$19,459ManagementAndGeneralAmt
Fundraising$2,943FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$1,496,823TotalAmt
Program Services$1,262,506ProgramServicesAmt
Management And General$203,530ManagementAndGeneralAmt
Fundraising$30,787FundraisingAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$25,330TotalAmt
Management And General$25,330ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$604,255TotalAmt
Program Services$504,260ProgramServicesAmt
Management And General$87,698ManagementAndGeneralAmt
Fundraising$12,297FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$66,367TotalAmt
Program Services$55,978ProgramServicesAmt
Management And General$9,024ManagementAndGeneralAmt
Fundraising$1,365FundraisingAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
FOOD SERVICES$388,646$388,646
SUPPLIES/MATERIALS$354,779$354,467$271$41
STAFF DEVELOPMENT$294,894$248,731$40,098$6,065
STUDENT SERVICES$240,973$148,922$92,051

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$241,974TotalAmt
Program Services$204,096ProgramServicesAmt
Management And General$32,902ManagementAndGeneralAmt
Fundraising$4,976FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$14,629,611TotalAmt
Program Services$12,082,618ProgramServicesAmt
Management And General$2,137,557ManagementAndGeneralAmt
Fundraising$409,436FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$487,526BOYAmt
EOY$19,498,170EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$1,226,517BOYAmt
EOY$76,784EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$422,205BOYAmt
EOY$619,100EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$254,780BOYAmt
EOY$212,361EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$5,199,751LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$2,397,439LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$1,843,823BOYAmt
EOY$2,802,312EOYAmt

Intangible Assets IntangibleAssetsGrp

FieldValueIRS element (for citing)
EOY$705,218EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$1,417,646BOYAmt
EOY$3,125,024EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$5,652,497BOYAmt
EOY$27,038,969EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$411,520BOYAmt
EOY$527,003EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$102,276BOYAmt
EOY$3,993EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$364,508BOYAmt
EOY$18,620,393EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$878,304BOYAmt
EOY$19,151,389EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$4,764,693BOYAmt
EOY$7,887,580EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$9,500BOYAmt
EOY$0EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$4,774,193BOYAmt
EOY$7,887,580EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$5,652,497BOYAmt
EOY$27,038,969EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$3,113,387ReconcilationRevenueExpnssAmt
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 RequiredYes (1)FederalGrantAuditRequiredInd
Federal Grant Audit PerformedYes (1)FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Schedule B IRS990ScheduleB

Schedule D IRS990ScheduleD

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$3,215,269OtherCostOrOtherBasisAmt
Depreciation$1,087,452DepreciationAmt
Book Value$2,127,817BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$940,955OtherCostOrOtherBasisAmt
Depreciation$687,378DepreciationAmt
Book Value$253,577BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$1,043,527OtherCostOrOtherBasisAmt
Depreciation$622,609DepreciationAmt
Book Value$420,918BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$2,802,312TotalBookValueLandBuildingsAmt

Other Assets Org OtherAssetsOrgGrp (2 entries)

DescDescBook ValueBookValueAmt
DEPOSITS$506,100
CONSTRUCTION IN PROGRESS$2,618,924
FieldValueIRS element (for citing)
Total Book Value Other Assets$3,125,024TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (4 entries)

DescDescAmtAmt
DEFERRED RENT$384,881
CAPITAL LEASE OBLIGATION$2,889
BONDS PAYABLE$18,111,180
ACCRUED INTEREST EXPENSE$121,443
FieldValueIRS element (for citing)
Total Liability$18,620,393TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$17,742,998TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported$0RevenueNotReportedAmt
Revenue Subtotal$17,742,998RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$17,742,998TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$14,629,611TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$14,629,611ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$14,629,611TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART X, LINE 2:FormAndLineReferenceDesc
ExplanationTHE SCHOOL FOLLOWS THE ACCOUNTING STANDARD FOR UNCERTAINTY IN INCOME TAXES. THE STANDARD PRESCRIBES A MINIMUM RECOGNITION THRESHOLD AND MEASUREMENT METHODOLOGY THAT A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN THE FINANCIAL STATEMENTS. IT ALSO PROVIDES GUIDANCE FOR DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, DISCLOSURE AND TRANSITION. THE SCHOOL FILES INFORMATIONAL RETURNS IN THE FEDERAL JURISDICTION. WITH FEW EXCEPTIONS, THE SCHOOL IS NO LONGER SUBJECT TO FEDERAL, STATE, OR LOCAL INCOME TAX EXAMINATIONS FOR FISCAL YEARS BEFORE 2015. THE SCHOOL BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR THE POSITIONS TAKEN ON ITS TAX RETURNS. NONETHELESS, THE AMOUNTS ULTIMATELY PAID, IF ANY, UPON RESOLUTION OF THE ISSUES RAISED BY THE TAXING AUTHORITIES MAY DIFFER MATERIALLY FROM THE AMOUNTS PAID. MANAGEMENT BELIEVES THAT ITS NONPROFIT STATUS WOULD BE SUSTAINED UPON EXAMINATION. SHOULD THERE BE INTEREST ON UNDERPAYMENTS OF INCOME TAX, THE SCHOOL WOULD CLASSIFY IT AS "INTEREST EXPENSE." THE SCHOOL WOULD CLASSIFY PENALTIES IN CONNECTION WITH UNDERPAYMENTS OF INCOME TAX AS "OTHER EXPENSE."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 Recs0MaintainScholarshipsRecsInd
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 3IALCS PUBLICIZES ITS RACIALLY NONDISCRIMINATORY POLICY ON ALL CHARTER SCHOOL APPLICATIONS. IT READS "IALCS IS A PUBLIC SCHOOL AND DOES NOT DISCRIMINATE IN ANY WAY INCLUDING ON THE BASIS OF ETHNICITY, NATIONAL ORIGIN, RELIGION, GENDER, ACADEMICS, OR DISABILITY."
SCHEDULE E, PART I, LINE 4THE SCHOOL DOES NOT AWARD SCHOLARSHIPS OR OFFER FINANCIAL ASSISTANCE.
SCHEDULE E, PART I, LINE 6THE SCHOOL RECEIVED GRANTS AND FUNDING FOR GENERAL EDUCATION AND SPECIAL EDUCATION PER PUPIL FROM STATE AND LOCAL GOVERNMENT AGENCIES AS WELL AS OTHER GOVERNMENT GRANTS.

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Written Employment ContractYes (X)WrittenEmploymentContractInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
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

FieldValueIRS element (for citing)
PersonCHRISTINA REYESPersonNm
TitleEXECUTIVE DIRECTORTitleTxt
Base Compensation Filing Org$150,016BaseCompensationFilingOrgAmt
Compensation Based On Rltd Orgs$0CompensationBasedOnRltdOrgsAmt
Bonus Filing Organization$0BonusFilingOrganizationAmount
Bonus Related Organizations$0BonusRelatedOrganizationsAmt
Other Compensation Filing Org$0OtherCompensationFilingOrgAmt
Other Compensation Rltd Orgs$0OtherCompensationRltdOrgsAmt
Deferred Compensation Flng Org$4,800DeferredCompensationFlngOrgAmt
Deferred Comp Rltd Orgs$0DeferredCompRltdOrgsAmt
Nontaxable Benefits Filing Org$6,301NontaxableBenefitsFilingOrgAmt
Nontaxable Benefits Rltd Orgs$0NontaxableBenefitsRltdOrgsAmt
Total Compensation Filing Org$161,117TotalCompensationFilingOrgAmt
Total Compensation Rltd Orgs$0TotalCompensationRltdOrgsAmt
Comp Report Prior990 Filing Org$0CompReportPrior990FilingOrgAmt
Comp Report Prior990 Rltd Orgs$0CompReportPrior990RltdOrgsAmt

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (3 entries)

Bond ReferenceBondReferenceCdBond Issuer EINBondIssuerEINCUSIPCUSIPNumBond IssuedBondIssuedDtIssue PriceIssuePriceAmtPurposePurposeDescDefeasedDefeasedIndOn Behalf Of IssuerOnBehalfOfIssuerIndPool FinancingPoolFinancingInd
BUILD NYC RESOURCE CORPORATION
A45404056112008ENN22018-05-15$3,890,000ACQUISITION AND/OR IMPROVEMENTS OF PROGRAMS000
BUILD NYC RESOURCE CORPORATION
B45404056112008ENQ52018-05-15$9,445,000ACQUISITION AND/OR IMPROVEMENTS OF PROGRAMS000
BUILD NYC RESOURCE CORPORATION
C45404056112008ENP72018-05-15$4,225,000ACQUISITION AND/OR IMPROVEMENTS OF PROGRAMS000

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (3 entries)

Bond ReferenceBondReferenceCdSubstantial CompletionSubstantialCompletionYrCurrent RefundingCurrentRefundingIndAdvance RefundingAdvanceRefundingIndFinal Allocation MadeFinalAllocationMadeIndAdequate Books And Rec MaintAdequateBooksAndRecMaintInd
A20170000
B20170000
C20170000

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (3 entries)

Bond ReferenceBondReferenceCdOwning Bond Financed PropertyOwningBondFinancedPropertyIndAny Lease ArrangementsAnyLeaseArrangementsIndMgmt Contract Bond Fincd PropMgmtContractBondFincdPropIndAny Research AgreementsAnyResearchAgreementsIndBond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestIndChange In Use Bond Financed PropChangeInUseBondFinancedPropIndProcs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd
A0000000
B0000000
C0000000

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (3 entries)

Bond ReferenceBondReferenceCdForm8038 T FiledForm8038TFiledIndVariable Rate IssueVariableRateIssueIndHedge Identified In Bks And RecHedgeIdentifiedInBksAndRecIndGross Proceeds Invested In GICGrossProceedsInvestedInGICIndGross Proceeds InvestedGrossProceedsInvestedIndWritten Proc To Monitor ReqsWrittenProcToMonitorReqsInd
AYes (1)00000
BYes (1)00000
CYes (1)00000

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11BTHE FINANCE COMMITTEE REVIEWS THE 990 AND REPORTS TO THE GOVERNING BODY ON THEIR REVIEW AND APPROVAL.
FORM 990, PART VI, SECTION B, LINE 12CTHERE IS ANNUAL REVIEW OF THE CONFLICT OF INTEREST POLICY AND THE DISCLOSURES ARE SIGNED BY THE BOARD ANNUALLY.
FORM 990, PART VI, SECTION B, LINE 15A COMMITTEE OF THE BOARD EVALUATES THE EXECUTIVE LEADERSHIP'S COMPENSATION IN CONJUNCTION WITH INFORMATION AVAILABLE REGARDING COMPARABLE POSITIONS. THE COMMITTEE UTILIZES SALARY INFORMATION FROM OTHER CHARTER SCHOOLS IN ITS DETERMINATION.
FORM 990, PART VI, SECTION C, LINE 19ALL THESE DOCUMENTS ARE AVAILABLE UPON REQUEST AT NO COST TO THE PUBLIC. THE ORGANIZATION'S FORM 990 IS AVAILABLE BOTH UPON REQUEST AND ON THE WEBSITE WWW.GUIDESTAR.ORG.
FORM 990, PART XII, LINE 2CTHIS PROCESS HAS NOT CHANGED FROM PRIOR YEAR.

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