CAPITAL PREPARATORY SCHOOLS INCORPORATED: Form 990, tax year 2017
View the entire original 990 at ProPublica ↗
- Organization
- CAPITAL PREPARATORY SCHOOLS INCORPORATED (EIN 43-4669846)
- Tax period
- 2017-07-01 to 2018-06-30
- Filed
- 2019-05-14
- IRS object ID
- 201921349349307057
- 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2019-05-14T14:16:49-05:00 | ReturnTs |
| Tax Period End | 2018-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 271728945 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PKF O'CONNOR DAVIES LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 665 FIFTH AVENUE | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10022 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2017-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 434669846 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CAPITAL PREPARATORY SCHOOLS INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | CAPI | BusinessNameControlTxt |
| Phone | 9178383684 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 777 MAIN STREET | AddressLine1Txt |
| City | BRIDGEPORT | CityNm |
| State Abbreviation | CT | StateAbbreviationCd |
| ZIP | 06608 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | DR STEPHEN PERRY | PersonNm |
| Person Title | CHIEF EXECUTIVE OFFICER | PersonTitleTxt |
| Phone | 9178383684 | PhoneNum |
| Signature | 2019-05-14 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | GARRETT M HIGGINS | PreparerPersonNm |
| PTIN | P00543209 | PTIN |
| Phone | 2122862600 | PhoneNum |
| Preparation | 2019-05-14 | PreparationDt |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 4.15.211.182 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2019-05-14 | IPDt |
| IP Tm | 14:01:11 | IPTm |
| IP Timezone | ED | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | B29914CEB47F2C50F9800CDE5B5AE22990D509AB | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2017 | TaxYr |
| Build TS | 2019-02-21 02:37:17Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Change | Yes (X) | AddressChangeInd |
| Principal Officer | DR STEPHEN PERRY | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 777 MAIN STREET | AddressLine1Txt |
| City | BRIDGEPORT | CityNm |
| State Abbreviation | CT | StateAbbreviationCd |
| ZIP | 06608 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $2,306,709 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.WEARECAPITALPREP.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2012 | FormationYr |
| Legal Domicile State | CT | LegalDomicileStateCd |
| Activity Or Mission | TO PROVIDE ALL STUDENTS ACCESS TO A HIGH QUALITY EDUCATION BY FACILITATING AND SUPPORTING THE CREATION, OPERATION, AND MANAGEMENT OF INNOVATIVE AND EFFECTIVE SCHOOL MODELS. | ActivityOrMissionDesc |
| Voting Members Governing Body | 4 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 4 | VotingMembersIndependentCnt |
| Total Employee | 13 | TotalEmployeeCnt |
| Total Volunteers | 4 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $1,965,486 | PYContributionsGrantsAmt |
| CY Contributions Grants | $1,327,820 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $504,051 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $978,889 | CYProgramServiceRevenueAmt |
| PY Investment Income | $0 | PYInvestmentIncomeAmt |
| CY Investment Income | $0 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $2,469,537 | PYTotalRevenueAmt |
| CY Total Revenue | $2,306,709 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $225,000 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $720,558 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $972,200 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $69,876 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $622,273 | PYOtherExpensesAmt |
| CY Other Expenses | $445,049 | CYOtherExpensesAmt |
| PY Total Expenses | $1,342,831 | PYTotalExpensesAmt |
| CY Total Expenses | $1,642,249 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $1,126,706 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $664,460 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $1,535,306 | TotalAssetsBOYAmt |
| Total Assets EOY | $2,990,873 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $238,981 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $1,030,088 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $1,296,325 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $1,960,785 | NetAssetsOrFundBalancesEOYAmt |
| Mission | TO PROVIDE ALL STUDENTS ACCESS TO A HIGH QUALITY EDUCATION BY FACILITATING AND SUPPORTING THE CREATION, OPERATION, AND MANAGEMENT OF INNOVATIVE AND EFFECTIVE SCHOOL MODELS. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $1,051,833 | ExpenseAmt |
| Grant | $225,000 | GrantAmt |
| Revenue | $978,889 | RevenueAmt |
| Desc | THE ORGANIZATION HAS ENTERED INTO SERVICE AGREEMENTS TO PROVIDE HIGH QUALITY CHARTER SCHOOL MANAGEMENT TO TWO CHARTER SCHOOLS. | Desc |
| Total Program Service Expenses | $1,051,833 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | 0 | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | Yes (1) | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (1) | ReportOtherAssetsInd |
| Report Other Liabilities | 0 | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 11 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 13 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 4 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 4 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (1) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | 0 | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | 0 | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | NY | StatesWhereCopyOfReturnIsFldCd |
| Other Website | Yes (X) | OtherWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JOAN MASSEY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 9178383684 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 777 MAIN STREET | AddressLine1Txt |
| City | BRIDGEPORT | CityNm |
| State Abbreviation | CT | StateAbbreviationCd |
| ZIP | 06608 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (9 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|
| LISA BUFFINGTON | ||||||
| CHAIRPERSON/SECRETARY | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| ROBERT TYNDALL | ||||||
| VICE PRESIDENT/TREASURER | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| BRENNAN BROWN | ||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |
| IRA RUBENSTAL | ||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |
| JOAN MASSEY | ||||||
| PRESIDENT | 50.00 | Yes (X) | $152,250 | $0 | $16,026 | |
| DR STEPHEN PERRY | ||||||
| CHIEF EXECUTIVE OFFICER | 50.00 | Yes (X) | $152,250 | $0 | $146 | |
| JILL CUTLER-HODGMAN | ||||||
| CHIEF OPERATING OFFICER | 50.00 | Yes (X) | $71,009 | $0 | $14,147 | |
| PAULA ALTIERI CHIEF FINANCIAL | ||||||
| OFFICER (AS OF 1/2018) | 50.00 | Yes (X) | $0 | $0 | $0 | |
| TAMMY CASSILE | ||||||
| ASSISTANT SUPERINTENDENT | 50.00 | Yes (X) | $137,025 | $0 | $13,638 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $512,534 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $43,957 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 3 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
| Cntrct Rcvd Greater Than100 K | 0 | CntrctRcvdGreaterThan100KCnt |
| All Other Contributions | $1,327,820 | AllOtherContributionsAmt |
| Total Contributions | $1,327,820 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MANAGEMENT FEES | Desc |
| Business | 611110 | BusinessCd |
| Total Revenue Column | $978,889 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $978,889 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $978,889 | TotalProgramServiceRevenueAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,306,709 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $978,889 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $225,000 | TotalAmt |
| Program Services | $225,000 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $716,970 | TotalAmt |
| Program Services | $412,128 | ProgramServicesAmt |
| Management And General | $253,551 | ManagementAndGeneralAmt |
| Fundraising | $51,291 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $169,755 | TotalAmt |
| Program Services | $97,579 | ProgramServicesAmt |
| Management And General | $59,060 | ManagementAndGeneralAmt |
| Fundraising | $13,116 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,860 | TotalAmt |
| Program Services | $2,794 | ProgramServicesAmt |
| Management And General | $1,921 | ManagementAndGeneralAmt |
| Fundraising | $145 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $15,828 | TotalAmt |
| Program Services | $9,098 | ProgramServicesAmt |
| Management And General | $6,255 | ManagementAndGeneralAmt |
| Fundraising | $475 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $64,787 | TotalAmt |
| Program Services | $37,240 | ProgramServicesAmt |
| Management And General | $25,603 | ManagementAndGeneralAmt |
| Fundraising | $1,944 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $18,180 | TotalAmt |
| Management And General | $18,180 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $17,557 | TotalAmt |
| Management And General | $17,557 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $136,376 | TotalAmt |
| Program Services | $31,169 | ProgramServicesAmt |
| Management And General | $104,621 | ManagementAndGeneralAmt |
| Fundraising | $586 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $32,521 | TotalAmt |
| Program Services | $29,269 | ProgramServicesAmt |
| Management And General | $3,252 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,625 | TotalAmt |
| Program Services | $6,110 | ProgramServicesAmt |
| Management And General | $4,196 | ManagementAndGeneralAmt |
| Fundraising | $319 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $15,768 | TotalAmt |
| Program Services | $9,064 | ProgramServicesAmt |
| Management And General | $6,231 | ManagementAndGeneralAmt |
| Fundraising | $473 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $22,912 | TotalAmt |
| Program Services | $13,170 | ProgramServicesAmt |
| Management And General | $9,055 | ManagementAndGeneralAmt |
| Fundraising | $687 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,458 | TotalAmt |
| Program Services | $838 | ProgramServicesAmt |
| Management And General | $576 | ManagementAndGeneralAmt |
| Fundraising | $44 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $18,238 | TotalAmt |
| Program Services | $10,484 | ProgramServicesAmt |
| Management And General | $7,207 | ManagementAndGeneralAmt |
| Fundraising | $547 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| PROFESSIONAL DEVELOPMEN | $110,162 | $110,162 | ||
| SPONSORSHIP AND OTHER S | $52,966 | $52,966 | ||
| FURNISHINGS | $5,128 | $2,948 | $2,026 | $154 |
| REPAIRS AND MAINTENANCE | $3,158 | $1,814 | $1,249 | $95 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,642,249 | TotalAmt |
| Program Services | $1,051,833 | ProgramServicesAmt |
| Management And General | $520,540 | ManagementAndGeneralAmt |
| Fundraising | $69,876 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,153,882 | BOYAmt |
| EOY | $2,292,745 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $19,005 | BOYAmt |
| EOY | $10,253 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $5,248 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $1,458 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $3,790 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $520,665 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $362,419 | BOYAmt |
| EOY | $163,420 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,535,306 | BOYAmt |
| EOY | $2,990,873 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $38,981 | BOYAmt |
| EOY | $30,088 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $200,000 | BOYAmt |
| EOY | $1,000,000 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $238,981 | BOYAmt |
| EOY | $1,030,088 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,296,325 | BOYAmt |
| EOY | $1,460,785 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $500,000 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,296,325 | BOYAmt |
| EOY | $1,960,785 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,535,306 | BOYAmt |
| EOY | $2,990,873 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $664,460 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | 0 | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $225,000 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $576,500 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $450,000 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,965,486 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,327,820 | CurrentTaxYearAmt |
| Total | $4,544,806 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $225,000 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $576,500 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $450,000 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,965,486 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,327,820 | CurrentTaxYearAmt |
| Total | $4,544,806 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $3,820,520 | SubstantialContributorsTotAmt |
| Public Support Total170 | $724,286 | PublicSupportTotal170Amt |
| Total Support | $4,544,806 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $1,756,840 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.15940 | PublicSupportCY170Pct |
| Ten Pct Facts Crcmstncs Test CY | Yes (X) | TenPctFactsCrcmstncsTestCYInd |
| Facts And Circumstances Test | CAPITAL PREPARATORY SCHOOLS, INC. PUBLIC SUPPORT PERCENTAGE FOR 2017 IS 15.94%, UP FROM 12.51% FOR 2016. CAPITAL PREPARATORY SCHOOLS, INC. ATTRACTS NEW AND ADDITIONAL PUBLIC SUPPORT ON A CONTINUOUS BASIS AND WE HAVE INDEED RECEIVED BROAD SUPPORT FROM AN ARRAY OF SOURCES. EVERY YEAR, THE ORGANIZATION IS INCREASING THE NUMBER OF CONTRIBUTIONS IT RECEIVES FROM NEW CONTRIBUTORS. OUR MISSION IS TO RAISE FUNDS AND PROVIDE ALL STUDENTS ACCESS TO A HIGH QUALITY EDUCATION BY FACILITATING AND SUPPORTING THE CREATION, OPERATION AND MANAGEMENT OF INNOVATIVE AND EFFECTIVE SCHOOL MODELS. CAPITAL PREPARATORY SCHOOLS, INC. WORKS WITH AND HAS ENTERED INTO MANAGEMENT AGREEMENTS WITH TWO HIGH QUALITY CHARTER SCHOOLS. AS MORE STUDENTS ENROLL IN THE CAPITAL PREPARATORY SCHOOLS, INC. NETWORK OF SCHOOLS, THE SCHOOL IS EXPECTING TO BROADEN ITS CONTRIBUTIONS AND ATTRACT NEW DONORS. THERE IS AN ADDITIONAL CAPITAL PREPARATORY SCHOOL EXPECTED TO OPEN IN 2020 THAT WILL DRIVE UP RECOGNITION AND PUBLICITY, AND WILL ALSO ATTRACT NEW POTENTIAL DONORS AND CONTRIBUTORS. THE ORGANIZATION HAS BEEN IN EXISTENCE SINCE 2012 AND BEGAN WITH A LIMITED RANGE OF CONTRIBUTORS. THROUGHOUT THE YEARS, THE SCHOOLS HAVE ATTRACTED MORE ATTENTION AND INCREASED ATTENDANCE, WHICH HAS LED TO AN INCREASE IN CONTRIBUTORS FROM NEW CONTRIBUTORS. CAPITAL PREPARATORY SCHOOLS, INC. IS ALSO BROADENING ITS BOARD OF DIRECTORS AND IS EXPECTING THE BROADENED SCOPE OF THE BOARD TO BRING IN NEW CONTRIBUTORS. DUE TO THE FACT THAT CAPITAL PREPARATORY SCHOOLS, INC. HAS NOT BEEN IN EXISTENCE FOR A LONG PERIOD OF TIME, THE SCHOOL'S RECOGNITION IS SLOWLY INCREASING AND WILL EVENTUALLY BE AT A POINT WHERE THE SUPPORTER AND ALUMNI BASE WILL BE LARGE ENOUGH TO HAVE A BROAD CONTRIBUTOR BASE. THE CURRENT AND POTENTIAL SUPPORTERS OF THE ORGANIZATION GIVE BECAUSE CARE AND RECOGNIZE THE IMPORTANCE OF THE ORGANIZATIONS AND THE SCHOOLS MISSION AND THEY RESPECT THE QUALITY OF EDUCATION THE CAPITAL PREPARATORY SCHOOLS, INC. NETWORK PROVIDES. BECAUSE OUR MISSION IS TO INCREASE THE QUALITY OF EDUCATION OF HISTORICALLY DISADVANTAGED KIDS AND THE NEED FOR HIGH QUALITY CHARTER SCHOOLS IS INCREASING, IT IS NECESSARY TO SOLICIT SIZEABLE GRANTS WHERE POSSIBLE, IN ADDITION TO THE SMALLER GIFTS WE RECEIVE FROM THE LOCAL COMMUNITY. IN 2016, WE ALSO RECEIVED A LARGE DONATION FROM DONOR OF $1,300,000 FOR THE FURTHERANCE OF OUR MISSION. THIS GIFT WAS HIGHLY UNUSUAL IN TERMS OF THE AMOUNT AS ALL PRIOR YEARS, THE DONOR HAS DONATED SIGNIFICANTLY LESS. WITHOUT THE UNUSUALLY HIGH DONATION IN 2016, THE ORGANIZATION WOULD BE PASSING THE PUBLIC SUPPORT TEST. CAPITAL PREPARATORY SCHOOLS, INC.'S BOARD OF DIRECTORS IS COMPRISED OF INDIVIDUALS FROM THE LOCAL COMMUNITY WITH WIDELY VARYING BACKGROUNDS WHO ARE KEENLY INTERESTED IN EDUCATION, IN SUPPORTING THE MISSION OF THE ORGANIZATION, AND WHO CARE ABOUT ITS SUCCESS IN MEETING THE GOALS OF ITS MISSION. THE SECTORS REPRESENTED BY THE BOARD INCLUDE BUSINESS, EDUCATION, PHILANTHROPY AND ARTS. MANY OF THE MEMBERS OF THE BOARD ALSO SERVE ON THE BOARDS OF HIGHLY REGARDED NON-PROFIT INSTITUTIONS. CAPITAL PREPARATORY SCHOOLS, INC. IS GAINING IN VISIBILITY AND RECOGNITION WITH NEW PUBLIC CONTRIBUTORS IN 2017. IN 2018, WE RECEIVED A LARGE CONTRIBUTION AND SUPPORT FROM A WELL-KNOWN CELEBRITY, AND IN 2020 WE WILL BE LAUNCHING A NEW SCHOOL IN NEW YORK CITY. WE ARE LOOKING FORWARD TO REACHING ATTRACTING NEW DONORS AND MAKING THE PUBLIC MORE AWARE OF OUR HIGH QUALITY CHARTER SCHOOLS. OUR GOAL IS TO FURTHER OUR MISSION OF PROVIDE ALL STUDENTS ACCESS TO A HIGH QUALITY EDUCATION AND WE EXPECT TO SEE NEW SUPPORTERS IN THE FUTURE. | FactsAndCircumstancesTestTxt |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART II, SECTION A: | FormAndLineReferenceDesc |
| Explanation | IN 2015 THE ORGANIZATION CHANGED ITS ACCOUNTING PERIOD FROM 12/31 TO 6/30 YEAR END. THE BELOW CHART CLARIFIES THE INFORMATION REPRESENTED IN PART II: COLUMN (A) - CALENDAR YEAR ENDED 12/31/2014 COLUMN (B) - SHORT YEAR ENDED 6/30/2015 COLUMN (C) - FISCAL YEAR ENDED 6/30/2016 COLUMN (D) - FISCAL YEAR ENDED 6/30/2017 COLUMN (E) - FISCAL YEAR ENDED 6/30/2018 | ExplanationTxt |
Schedule B IRS990ScheduleB
Schedule D IRS990ScheduleD
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $5,248 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,458 | DepreciationAmt |
| Book Value | $3,790 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $3,790 | TotalBookValueLandBuildingsAmt |
Invst Program Related Org InvstProgramRelatedOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | NOTE RECEIVABLE | Desc |
| Book Value | $520,665 | BookValueAmt |
| Method Valuation | C | MethodValuationCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Program Rltd | $520,665 | TotalBookValueProgramRltdAmt |
Other Assets Org OtherAssetsOrgGrp (2 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| DUE FROM CAPITAL PREPARATORY HARBOR SCHOOL | $49,127 |
| DUE FROM CAPITAL PREPARATORY HARLEM SCHOOL | $114,293 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $163,420 | TotalBookValueOtherAssetsAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $2,306,709 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Not Reported | $0 | RevenueNotReportedAmt |
| Revenue Subtotal | $2,306,709 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $2,306,709 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $1,642,249 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $1,642,249 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $1,642,249 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART X, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THE ORGANIZATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE ORGANIZATION HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE ORGANIZATION IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR YEARS PRIOR TO JUNE 30, 2015. | ExplanationTxt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CAPITAL PREP HARBOR SCHOOL | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 777 MAIN STREET | AddressLine1Txt |
| City | BRIDGEPORT | CityNm |
| State Abbreviation | CT | StateAbbreviationCd |
| ZIP | 06604 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient EIN | 473525777 | RecipientEIN |
| IRC Section | 501(C)(3) | IRCSectionDesc |
| Cash Grant | $225,000 | CashGrantAmt |
| Purpose Of Grant | GENERAL OPERATING ASSISTANCE | PurposeOfGrantTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 1 | Total501c3OrgCnt |
| Total Other Org | 0 | TotalOtherOrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THE ORGANIZATION MADE A GRANT TO CAPITAL PREPARATORY HARBOR CHARTER SCHOOL. THE GRANT IS USED TO SUPPORT GENERAL OPERATING COSTS. CAPITAL PREPARATORY SCHOOLS, INC. (CPS) IS HIRED AS THE SCHOOLS CMO AND THROUG THE CPS CFO, ALL FUNDING AND EXPENDITURES ARE REVIEWED ON A MONTHLY BASIS, INCLUDING GRANT FUNDING, AND MONTHLY FINANCIAL REPORTS ARE DEVELOPED, REVIEWED AND REPORTED OUT TO THE LEADERSHIP TEAM AND THE BOARD OF TRUSTEES. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (3 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| JOAN MASSEY | ||||||||||||||
| PRESIDENT | $152,250 | $0 | $0 | $0 | $0 | $0 | $2,318 | $0 | $13,708 | $0 | $168,276 | $0 | $0 | $0 |
| DR STEPHEN PERRY | ||||||||||||||
| CHIEF EXECUTIVE OFFICER | $152,250 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $146 | $0 | $152,396 | $0 | $0 | $0 |
| TAMMY CASSILE | ||||||||||||||
| ASSISTANT SUPERINTENDENT | $137,025 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $13,638 | $0 | $150,663 | $0 | $0 | $0 |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 2 | LISA BUFFINGTON AND DONALD CROISETIERE HAVE A FAMILY RELATIONSHIP. |
| FORM 990, PART VI, SECTION A, LINE 8B | THE ORGANIZATION HAS NO ACTIVE COMMITTEES AND THE BOARDS ACTS AS A WHOLE. |
| FORM 990, PART VI, SECTION B, LINE 11B | FORM 990 IS REVIEWED BY MANAGEMENT AND THE BOARD OF DIRECTORS FOR APPROVAL. IF CHANGES ARE REQUIRED, THE ORGANIZATION WILL THEN FORWARD TO THE ACCOUNTING FIRM AND A FINAL VERSION WILL BE DISTRIBUTED TO ALL BOARD MEMBERS PRIOR TO THE IRS SUBMISSION. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE ORGANIZATION SHARES ITS CONFLICT OF INTEREST POLICY WITH BOARD MEMBERS, OFFICERS AND KEY EMPLOYEES (IF ANY) ON AN ANNUAL BASIS. OFFICERS, DIRECTORS, AND KEY EMPLOYEES ARE EXPECTED TO DECLARE IF AT ANY POINT A CONFLICT OF INTEREST ARISES. AFTER DISCLOSURE OF A POTENTIAL CONFLICT, THE INDIVIDUAL IN QUESTION MUST RECUSE THEMSELVES FROM VOTING ON THE MATTER. SUCH MATTERS INVOLVING THE EXISTENCE OF CONFLICTS OF INTEREST ARE DOCUMENTED IN THE MINUTES OF THE GOVERNING BOARD. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE ORGANIZATIONS BOARD OF DIRECTORS RETAINED A CONSULTANT TO PRESENT TO THE BOARD OF DIRECTORS WITH COMPARABLE SALARIES OF SIMILAR ORGANIZATIONS FOR A RANGE OF POSITIONS IN THE CHARTER MANAGEMENT ORGANIZATION, TO DETERMINE AND APPROVE THE COMPENSATION OF THE ORGANIZATIONS OFFICERS AND KEY EMPLOYEES (IF ANY). CSBM (CHARTER SCHOOL BUSINESS MANAGEMENT) PERFORMED A SALARY COMPARISON STUDY OF SCHOOL DISTRICTS AND CHARTER ORGANIZATIONS TO DETERMINE COMPARABLE COMPENSATION LEVELS, INCLUDING ORGANIZATIONS SUCH AS ACHIEVEMENT FIRST, BRIDGEPORT PUBLIC SCHOOLS, NYC DOE AND STRATFOD PUBLIC SCHOOLS. THIS PROCESS LAST OCCURRED IN 2018 AND WAS DOCUMENTED IN THE MINUTES OF THE GOVERNING BOARD. |
| 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 275 MADISON AVENUE, 19TH FLOOR, NEW YORK, NY 10016, OR BY CALLING THE ORGANIZATION DIRECTLY AT (917)838-3684. |
| FORM 990, PART XII, LINE 2C: | THE ORGANIZATION HAS A FINANCE COMMITTEE THAT IS RESPONSIBLE FOR OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT AUDITOR. |
Comments