2019-03-15T09:15:46-05:00 2018-06-30 042571780 ALEXANDER ARONSON FINNING & CO PC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2017-07-01 272194956 UP EDUCATION NETWORK UPED 6173075980 90 CANAL STREET SUITE 600 BOSTON MA 02114 VERONICA CONFORME CEO 6179799230 2019-02-13 1 JOHN BUCKLEY CPA P00830631 5083669100 2019-02-13 64.238.141.162 2019-02-13 16:09:33 ES P F4247996A0DFD92197EA51AEF4558D040C319DAA CB2B07AFD6767982BCB28B09646F6ACBACA35001 2017 2019-02-21 02:37:17Z VERONICA CONFORME 90 CANAL STREET SUITE 600 BOSTON MA 02114 7576434 0 X WWW.UPEDUCATIONNETWORK.ORG X 2010 DE THE PRINCIPAL INTENT OF THE ORGANIZATION IS TO CONDUCT ACTIVITIES TO ADVANCE EDUCATION REFORM IN PUBLIC SCHOOLS, INCLUDING PUBLIC CHARTER SCHOOLS. SPECIFICALLY, THE ORGANIZATION WILL ENGAGE IN ACTIVITIES TO SUPPORT AND TRANSFORM UNDERPERFORMING SCHOOLS INTO HIGH-PERFORMING SCHOOLS THAT ENSURE ALL STUDENTS, FROM KINDERGARTEN THROUGH HIGH SCHOOL, POSSESS THE ACADEMIC AND SOCIAL SKILLS NECESSARY TO ACHIEVE THEIR FULL POTENTIAL AND THRIVE IN FOUR-YEAR COLLEGES. 7 7 78 300 0 0 3568007 4171262 3697523 3382587 11906 9643 666 12942 7278102 7576434 929491 788293 0 0 5166373 4110249 0 0 233295 1733238 2723184 7829102 7621726 -551000 -45292 3427021 4096779 483564 1198614 2943457 2898165 X THE PRINCIPAL INTENT OF THE ORGANIZATION IS TO CONDUCT ACTIVITIES TO ADVANCE EDUCATION REFORM IN PUBLIC SCHOOLS, INCLUDING PUBLIC CHARTER SCHOOLS. SPECIFICALLY, THE ORGANIZATION WILL ENGAGE IN ACTIVITIES TO SUPPORT AND TRANSFORM UNDERPERFORMING SCHOOLS INTO HIGH-PERFORMING SCHOOLS THAT ENSURE ALL STUDENTS, FROM KINDERGARTEN THROUGH HIGH SCHOOL, POSSESS THE ACADEMIC AND SOCIAL SKILLS NECESSARY TO ACHIEVE THEIR FULL POTENTIAL AND THRIVE IN FOUR-YEAR COLLEGES. 0 0 6126828 788293 3395529 UP EDUCATION NETWORK IS ONE OF THE FEW SCHOOL MANAGEMENT ORGANIZATIONS IN THE COUNTRY SUCCESSFULLY TACKLING THE CHALLENGES OF IN-DISTRICT SCHOOL TURNAROUND. UP HAS RESTARTED AND CONTINUES TO MANAGE THREE SCHOOLS IN BOSTON, TWO SCHOOLS IN LAWRENCE AND ONE SCHOOL IN SPRINGFIELD, SERVING 3,200 OF THE STATE'S HISTORICALLY UNDERSERVED STUDENTS. LOCAL SCHOOL DISTRICTS ARE A KEY PARTNER IN UP'S WORK TO TRANSFORM CHRONICALLY UNDERPERFORMING DISTRICT SCHOOLS INTO EXTRAORDINARY SCHOOLS. UP EDUCATION NETWORK IS A WINNER OF NEW SCHOOLS VENTURE FUND "EDUCATION REFORM ORGANIZATION OF THE YEAR" IN RECOGNITION OF OUR EXTRAORDINARY RESULTS. UP EDUCATION NETWORK SCHOOLS HAVE BEEN #1 IN THE STATE OF MASSACHUSETTS IN STUDENT GROWTH IN 4 OUT OF THE LAST 6 YEARS AND OUR SCHOOLS HAVE INCREASED PROFICIENCY RATES BY 2-3X WITHIN 2 YEARS OF TURNAROUND. UP'S RESULTS HAVE BEEN VALIDATED BY INDEPENDENT RESEARCHERS. A RECENT STUDY IN THE AMERICAN ECONOMIC REVIEW BY RESEARCHERS AT MIT FOUND THAT UP DELIVERS EXCEPTIONALLY LARGE, CAUSAL IMPACT FOR OUR STUDENTS IN BOTH MATH AND ELA. OUR STUDENTS WITH THE GREATEST NEED -- STUDENTS WITH LOW PRIOR YEAR PERFORMANCE, STUDENTS WITH DISABILITIES AND ENGLISH LANGUAGE LEARNERS, TEND TO SEE THE MOST GROWTH AT UP. UP EDUCATION NETWORK DIRECTLY SUPPORTS ALL SIX SCHOOLS IN OUR PORTFOLIO, DELIVERING HIGH-QUALITY ACADEMIC AND OPERATIONAL SERVICES, MANAGING DISTRICT GOVERNANCE AND OTHER EXTERNAL STAKEHOLDER RELATIONSHIPS, AND SUPPORTING SCHOOL LEADERSHIP TEAMS IN FUNCTIONAL AREAS SUCH AS SPECIAL EDUCATION, ENGLISH LANGUAGE LEARNING, INNOVATION, AND TALENT MANAGEMENT. 6126828 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 33 0 1 78 1 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MA X VERONICA CONFORME 6177522854 90 CANAL STREET SUITE 600 BOSTON MA 02114 FARHAD NANJI BOARD MEMBER 4.00 X 0 0 0 YUTAKA TAMURA BOARD MEMBER 4.00 X 0 0 0 REBECCA LEDLEY BOARD MEMBER 4.00 X 0 0 0 MARTIN MANNION BOARD CHAIR 4.00 X X 0 0 0 JAMES BERYLSON TREASURER 4.00 X X 0 0 0 KARLA BROOKS BAEHR BOARD MEMBER 4.00 X 0 0 0 JOANNA JACOBSON BOARD MEMBER 4.00 X 0 0 0 VERONICA CONFORME CEO 45.00 X 112079 0 3600 CHRISTOPHER BYRNES CHIEF FINANCIAL OFFICER 45.00 X 120042 0 17587 NICOLE DORN CHIEF OPERATING OFFICER 45.00 X 186483 0 834 TIM NICOLETTE CADO/PRESIDENT 45.00 X 173354 0 560 KRISTEN LINNENBANK MANAGING DIRECTOR OF SCHOOL OPERATIONS 45.00 X 122717 0 13002 SHERYL LEO CHIEF TALENT OFFICER 45.00 X 121622 0 17750 RYAN KNIGHT MANAGING DIRECTOR OF INFORMATION AND ANALYTICS 45.00 X 114541 0 15962 950838 0 69295 9 0 1 0 SCHOOL EMPOWERMENT NETWORK 420 ATLANTIC AVENUE BROOKLYN NY 11217 CURRICULUM CONSULTING 652358 INSOURCE SERVICES INC 148 LINDEN STREET WELLESLEY MA 02482 ACCOUNTING & TECHNOLOGY SERVICES 188017 2 4171262 4171262 SERVICE AND OTHER FEES 900099 3382587 3382587 3382587 9643 9643 OTHER INCOME 900099 12942 12942 12942 7576434 3395529 0 9643 X 788293 788293 492442 384105 83715 24622 3053301 2387913 520821 144567 289768 226586 49417 13765 274738 214790 46843 13105 14903 11651 3252 38209 9837 28372 1566064 1224347 341717 110878 86588 19095 5195 283583 221705 52324 9554 315069 246321 53719 15029 85792 67072 16753 1967 62686 49008 10688 2990 31580 24690 5384 1506 RECRUITING 113113 100823 12290 PROFESSIONAL DEVELOPMEN 74744 66796 7948 MISCELLANEOUS 26563 16303 9265 995 7621726 6126828 1261603 233295 2094585 3055948 2500 2500 281956 127612 200379 377277 520000 280000 159549 148076 412943 307577 168052 105366 3427021 4096779 155326 275372 144568 310338 39849 28118 143821 584786 483564 1198614 X 2843457 2798165 100000 100000 2943457 2898165 3427021 4096779 -45292 0 X X 0 1 X 1 0 X 4186471 4388580 3658927 3568007 3382587 19184572 4186471 4388580 3658927 3568007 3382587 19184572 9610786 9573786 10913 11906 9643 32462 4521 666 12942 18129 19235163 0.49770 0.65010 X 0 0 0 0 0 1 X 98051 53999 44052 314892 253578 61314 105366 X 7576434 0 7576434 0 7576434 7621726 0 7621726 0 7621726 PART IV, LINE 2B: THE ORGANIZATION ACTS AS A FISCAL AGENT FOR BOSTON PUBLIC SCHOOLS IN CONNECTION WITH ITS MANAGEMENT CONTRACT WITH UP ACADEMY HOLLAND (UAH). AS OF JUNE 30, 2018, FUNDS HELD FOR OTHERS CONSIST OF AMOUNTS HELD ON BEHALF OF UAH, WHICH HAVE NOT YET BEEN SPENT. PART X, LINE 2: THE ORGANIZATION ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ASC TOPIC, INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE ORGANIZATION HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS AT JUNE 30, 2018. THE ORGANIZATION'S INFORMATIONAL RETURNS ARE SUBJECT TO EXAMINATION BY THE FEDERAL AND STATE JURISDICTIONS. 1 UP ACADEMY HOLLAND 272194956 41158 SUPPORT UP ACADEMY LEONARDOLIVER (LAWRENCE PUBLIC SCHOOLS) 046001394 393209 FMV IN-KIND PURCHASES SUPPORT UP ACADEMY CHARTER SCHOOL OF DORCHESTER 462404287 26898 SUPPORT UP ACADEMY CHARTER SCHOOL OF BOSTON 450625911 132633 SUPPORT UP ACADEMY KENNEDY (SPRINGFIELD PUBLIC SCHOOLS) 046001415 149558 FMV IN-KIND PURCHASES SUPPORT 5 PART I, LINE 2: THE GRANTS TO UP ACADEMY KENNEDY, UP ACADEMY LEONARD AND UP ACADEMY OLIVER WERE ALL DISBURSED IN THE FORM OF IN-KIND PURCHASES. THESE PURCHASES MUST FOLLOW UP'S FISCAL POLICIES AND PROCEDURES, AND SPENDING IS MONITORED THROUGH MONTHLY BUDGET REPORTS TO THE UP BOARD AND QUARTERLY REPORTS TO THE SCHOOL'S DIRECTOR OF OPERATIONS. THE GRANTS TO UP ACADEMY BOSTON, UP ACADEMY DORCHESTER AND UP ACADEMY HOLLAND SPECIFIED RESTRICTIONS, IF ANY, ON THE GRANT FUNDS IN THE GRANT LETTERS. UP EDUCATION NETWORK REGULARLY REVIEWS UAB, UAD, AND UAH'S ACTIVITY AGAINST THESE RESTRICTIONS WHEN COMPILING MONTHLY FINANCIAL STATEMENTS. X X X X 0 0 0 0 0 0 0 0 0 NICOLE DORN CHIEF OPERATING OFFICER 186483 0 0 0 0 0 0 0 834 0 187317 0 0 0 TIM NICOLETTE CADO/PRESIDENT 173354 0 0 0 0 0 0 0 560 0 173914 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B A DRAFT VERSION OF THE 990 IS PROVIDED TO ALL BOARD MEMBERS FOR THEIR REVIEW VIA EMAIL AND PRIOR TO FINAL SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REQUIRES ITS DIRECTORS, MANAGEMENT AND KEY EMPLOYEES TO COMPLETE AN ANNUAL DISCLOSURE FORM IDENTIFYING ANY RELATIONSHIPS, POSITIONS, OR CIRCUMSTANCES IN WHICH THE RESPONSIBLE PERSON IS INVOLVED THAT HE OR SHE BELIEVES COULD CONTRIBUTE TO A CONFLICT OF INTEREST ARISING. FORM 990, PART VI, SECTION B, LINE 15A IN DETERMINING BOTH THE CEO'S SALARY, MEMBERS OF THE BOARD'S SEARCH COMMITTEE CONSIDERED THE FOLLOWING FACTORS: - COMPENSATION OF OTHERS IN SIMILAR ROLES AT PEER ORGANIZATIONS - THE UP TURNAROUND CONTEXT - THE BACKGROUND AND EXPERIENCE OF THE INDIVIDUALS - ADVICE FROM THE EXTERNAL SEARCH FIRM WHO LED THE SEARCH THE BOARD DISCUSSED AND APPROVED THE CEO'S COMPENSATION AND OFFER OF EMPLOYMENT AT ITS DECEMBER 2016 BOARD MEETING AND SUBSEQUENTLY ADJUSTED THE OFFER AND APPROVED THE REVISED OFFER LETTER AT THE JUNE 2017 BOARD MEETING. THE CHAIR OF THE BOARD APPROVED THE CEO'S COST OF LIVING INCREASE AND CONTINUATION OF HER ROLE AS CEO IN JULY 2018. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAIABLE UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 286,938. MANAGEMENT AND GENERAL EXPENSES 80,086. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 367,024. CURRICULUM CONSULTANTS: PROGRAM SERVICE EXPENSES 937,409. MANAGEMENT AND GENERAL EXPENSES 261,631. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,199,040. PART XII, LINE 2C THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS IS RESPONSIBLE FOR OVERSIGHT OF THE AUDIT UP EDUCATION NETWORK, INC.'S FINANCIAL STATEMENTS AND SELECION OF AN INDEPENDENT ACCOUNTANT.