CAPITAL PREPARATORY HARLEM: Form 990, tax year 2017

View the entire original 990 at ProPublica ↗

Organization
CAPITAL PREPARATORY HARLEM (EIN 47-2608621)
Tax period
2017-07-01 to 2018-06-30
Filed
2019-05-15
IRS object ID
201941359349302149
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)
Return2019-05-15T08:50:51-05:00ReturnTs
Tax Period End2018-06-30TaxPeriodEndDt

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 Begin2017-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN472608621EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1CAPITAL PREPARATORY HARLEMBusinessNameLine1Txt
Business Name Line2CHARTER SCHOOLBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlCAPIBusinessNameControlTxt
Phone9178280209PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11 EAST 104TH STREET NO 403AddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10029ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDEREK FERGUSONPersonNm
Person TitleBOARD CHAIRPersonTitleTxt
Phone9178280209PhoneNum
Signature2019-05-14SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonGARRETT M HIGGINSPreparerPersonNm
PTINP00543209PTIN
Phone2122862600PhoneNum
Preparation2019-05-14PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address4.15.211.182IPv4AddressTxt
FieldValueIRS element (for citing)
IP2019-05-14IPDt
IP Tm20:42:01IPTm
IP TimezoneEDIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device IdDA39A3EE5E6B4B0D3255BFEF95601890AFD80709AtSubmissionCreationDeviceId
At Submission Filing Device IdB29914CEB47F2C50F9800CDE5B5AE22990D509ABAtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2017TaxYr
Build TS2019-02-21 02:37:17ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerDEREK FERGUSONPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line11 EAST 104TH STREET NO 403AddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10029ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$5,160,144GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.CAPITALPREPHARLEM.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2014FormationYr
Legal Domicile StateNYLegalDomicileStateCd
Activity Or MissionCAPITAL PREPARATORY HARLEM SCHOOLS PROVIDES HISTORICALLY DISADVANTAGED STUDENTS WITH THE COLLEGE AND CAREER READINESS SKILLS NEEDED TO BECOME RESPONSIBLE AND ENGAGED CITIZENS FOR SOCIAL JUSTICE.ActivityOrMissionDesc
Voting Members Governing Body5VotingMembersGoverningBodyCnt
Voting Members Independent5VotingMembersIndependentCnt
Total Employee46TotalEmployeeCnt
Total Volunteers5TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$567,624PYContributionsGrantsAmt
CY Contributions Grants$255,918CYContributionsGrantsAmt
PY Program Service Revenue$2,808,398PYProgramServiceRevenueAmt
CY Program Service Revenue$4,571,111CYProgramServiceRevenueAmt
PY Investment Income$0PYInvestmentIncomeAmt
CY Investment Income$0CYInvestmentIncomeAmt
PY Other Revenue$188,879PYOtherRevenueAmt
CY Other Revenue$125,659CYOtherRevenueAmt
PY Total Revenue$3,564,901PYTotalRevenueAmt
CY Total Revenue$4,952,688CYTotalRevenueAmt
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$1,391,040PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$2,084,032CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$2,271CYTotalFundraisingExpenseAmt
PY Other Expenses$2,171,341PYOtherExpensesAmt
CY Other Expenses$2,534,331CYOtherExpensesAmt
PY Total Expenses$3,562,381PYTotalExpensesAmt
CY Total Expenses$4,618,363CYTotalExpensesAmt
PY Revenues Less Expenses$2,520PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$334,325CYRevenuesLessExpensesAmt
Total Assets BOY$1,412,333TotalAssetsBOYAmt
Total Assets EOY$1,664,680TotalAssetsEOYAmt
Total Liabilities BOY$1,080,285TotalLiabilitiesBOYAmt
Total Liabilities EOY$998,307TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$332,048NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$666,373NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTHE MISSION OF CAPITAL PREPARATORY SCHOOLS IS TO PROVIDE HISTORICALLY DISADVANTAGED STUDENTS WITH THE COLLEGE AND CAREER READINESS SKILLS NEEDED TO BECOME RESPONSIBLE AND ENGAGED CITIZENS FOR SOCIAL JUSTICE.CAPITAL PREP STRIVES TO ENSURE THAT ALL STUDENTS ARE ABLE TO DO SO BY OFFERING A RIGOROUS COLLEGE PREPARATORY CURRICULUM, AN ECLECTIC VARIETY OF ATHLETIC PROGRAMS, AS WELL AS A GIFTED & TALENTED PROGRAM FOR STUDENTS WHO DEMONSTRATE EXTRAORDINARY ACADEMIC ACHIEVEMENT.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$4,224,099ExpenseAmt
Revenue$4,571,111RevenueAmt
DescCAPITAL PREPARATORY HARLEM CHARTER SCHOOLS PROVIDES HISTORICALLY DISADVANTAGED STUDENTS WITH THE COLLEGE AND CAREER READINESS SKILLS NEEDED TO BECOME RESPONSIBLE AND ENGAGED CITIZENS FOR SOCIAL JUSTICE. THE SCHOOL PROVIDED EDUCATION TO APPROXIMATELY 227 STUDENTS IN GRADES SIXTH THROUGH EIGHTH DURING THE 2017-2018 ACADEMIC YEAR.Desc
Total Program Service Expenses$4,224,099TotalProgramServiceExpensesAmt
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 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 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 Document9IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee46EmployeeCnt
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
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members5GoverningBodyVotingMembersCnt
Independent Voting Member5IndependentVotingMemberCnt
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 Committees0MinutesOfCommitteesInd
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 Line1DANITA JONESBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone9178280209PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11 EAST 104TH STREET NO 403AddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10029ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (7 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtHighest Compensated EmployeeHighestCompensatedEmployeeInd
DEREK FERGUSON
BOARD CHAIR1.00Yes (X)Yes (X)$0$0$0
MAURICE L COLEMAN
TREASURER1.00Yes (X)Yes (X)$0$0$0
GEORGIETTE MORGAN-THOMAS
SECRETARY1.00Yes (X)Yes (X)$0$0$0
DR STEPHEN PERRY
MEMBER1.00Yes (X)$0$0$0
IYANLA VANZANT
MEMBER1.00Yes (X)$0$0$0
DANITA JONES
PRINCIPAL50.00Yes (X)$132,070$0$14,221
APRIL MOYE
DEAN50.00$111,215$0$17,411Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$243,285TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$31,632TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K2IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (3 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
CAPITAL PREPARATORY SCHOOLS
777 MAIN STREETBRIDGEPORTCT06604MANAGEMENT SERVICES$273,197
SCHOOL PROFESSIONALS
622 THIRD AVENUE 39TH FLNEW YORKNY10017SUBSTITUTE SERVICES$163,301
CHARTER TECHNOLOGY SOLUTIONS
129 20TH STREET 2ND FLBROOKLYNNY11232TECHNOLOGY SERVICES$125,518
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K3CntrctRcvdGreaterThan100KCnt
Government Grants$231,657GovernmentGrantsAmt
All Other Contributions$24,261AllOtherContributionsAmt
Total Contributions$255,918TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescGOV'T PER PUPIL REVENUDesc
Business611110BusinessCd
Total Revenue Column$4,571,111TotalRevenueColumnAmt
Related Or Exempt Func Income$4,571,111RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$4,571,111TotalProgramServiceRevenueAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$333,115RealAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$207,456RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$125,659RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$125,659TotalRevenueColumnAmt
Exclusion$125,659ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$4,952,688TotalRevenueColumnAmt
Related Or Exempt Func Income$4,571,111RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$125,659ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$148,484TotalAmt
Program Services$137,500ProgramServicesAmt
Management And General$10,884ManagementAndGeneralAmt
Fundraising$100FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$1,480,995TotalAmt
Program Services$1,371,435ProgramServicesAmt
Management And General$108,560ManagementAndGeneralAmt
Fundraising$1,000FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$20,567TotalAmt
Program Services$19,046ProgramServicesAmt
Management And General$1,507ManagementAndGeneralAmt
Fundraising$14FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$279,064TotalAmt
Program Services$258,420ProgramServicesAmt
Management And General$20,456ManagementAndGeneralAmt
Fundraising$188FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$154,922TotalAmt
Program Services$143,461ProgramServicesAmt
Management And General$11,356ManagementAndGeneralAmt
Fundraising$105FundraisingAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$477,434TotalAmt
Program Services$427,303ProgramServicesAmt
Management And General$50,131ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$43,574TotalAmt
Management And General$43,574ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$23,292TotalAmt
Management And General$23,292ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$245,301TotalAmt
Program Services$245,022ProgramServicesAmt
Management And General$276ManagementAndGeneralAmt
Fundraising$3FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$16,542TotalAmt
Program Services$15,675ProgramServicesAmt
Management And General$859ManagementAndGeneralAmt
Fundraising$8FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$201,436TotalAmt
Program Services$188,976ProgramServicesAmt
Management And General$12,450ManagementAndGeneralAmt
Fundraising$10FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$92,120TotalAmt
Program Services$85,303ProgramServicesAmt
Management And General$6,755ManagementAndGeneralAmt
Fundraising$62FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$1,026,780TotalAmt
Program Services$950,841ProgramServicesAmt
Management And General$75,249ManagementAndGeneralAmt
Fundraising$690FundraisingAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$168,983TotalAmt
Program Services$157,962ProgramServicesAmt
Management And General$11,021ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$35,793TotalAmt
Program Services$33,145ProgramServicesAmt
Management And General$2,624ManagementAndGeneralAmt
Fundraising$24FundraisingAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
REPAIRS AND MAINTENANCE$98,668$91,367$7,234$67
STUDENT SERVICES$51,661$51,661
MISCELLANEOUS$34,686$30,660$4,026
STAFF DEVELOPMENT$18,061$16,322$1,739

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$4,618,363TotalAmt
Program Services$4,224,099ProgramServicesAmt
Management And General$391,993ManagementAndGeneralAmt
Fundraising$2,271FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$633,423BOYAmt
EOY$678,974EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$25,000BOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$122,990BOYAmt
EOY$221,709EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$41,030BOYAmt
EOY$35,545EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$999,012LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$270,560LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$589,890BOYAmt
EOY$728,452EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$1,412,333BOYAmt
EOY$1,664,680EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$85,550BOYAmt
EOY$271,058EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$533,981BOYAmt
EOY$71,175EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$460,754BOYAmt
EOY$656,074EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$1,080,285BOYAmt
EOY$998,307EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$332,048BOYAmt
EOY$666,373EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$332,048BOYAmt
EOY$666,373EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,412,333BOYAmt
EOY$1,664,680EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$334,325ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
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 Committee0AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

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$391,608OtherCostOrOtherBasisAmt
Depreciation$130,119DepreciationAmt
Book Value$261,489BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$387,918OtherCostOrOtherBasisAmt
Depreciation$90,877DepreciationAmt
Book Value$297,041BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$219,486OtherCostOrOtherBasisAmt
Depreciation$49,564DepreciationAmt
Book Value$169,922BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$728,452TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)

DescDescAmtAmt
DEFERRED RENT$541,781
DUE TO CAPITAL PREPARATORY SCHOOLS, INC.$114,293
FieldValueIRS element (for citing)
Total Liability$656,074TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$5,160,144TotalRevEtcAuditedFinclStmtAmt
Other Revenue$207,456OtherRevenueAmt
Revenue Not Reported$207,456RevenueNotReportedAmt
Revenue Subtotal$4,952,688RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$4,952,688TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$4,825,819TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included$207,456OtherExpensesIncludedAmt
Expenses Not Reported$207,456ExpensesNotReportedAmt
Expenses Subtotal$4,618,363ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$4,618,363TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
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. ALL RETURNS FILED BY THE SCHOOL ARE SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS.
PART XI, LINE 2D - OTHER ADJUSTMENTS:RENTAL COSTS FROM PRIMARY LEASE 207,456.
PART XII, LINE 2D - OTHER ADJUSTMENTS:RENTAL COSTS FROM PRIMARY LEASE 207,456.

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (1)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (1)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast Media0PlcyPblczdViaBroadcastMediaInd
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 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.
SCHEDULE E, PART I, LINE 4THE SCHOOL IS FREE TO ALL STUDENTS, IT DID NOT AND DOES NOT OFFER SCHOLARSHIPS OR OTHER FINANCIAL ASSISTANCE. HOWEVER IF IT DID, IT WOULD OFFER SAID ASSISTANCE ON A RACIALLY NONDISCRIMINATORY BASIS.
SCHEDULE E, PART I, LINE 6THE SCHOOL 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 3THE SCHOOL ENTERED INTO A MANAGEMENT AGREEMENT WITH CPS, A CONNECTICUT NOT-FOR-PROFIT ORGANIZATION, TO UNDERTAKE ON ITS BEHALF FUNCTIONS IN REGARDS TO BUSINESS, ADMINISTRATIVE AND ACADEMIC SERVICES TO HARLEM. THE SCHOOL INCURRED $477,434 IN MANAGEMENT FEES TO CAPITAL PREPARATORY SCHOOLS, INC DURING FY18. BOARD MEMBER DR. STEPHEN PERRY, IS AN OFFICER OF THE MANAGEMENT ORGANIZATION, CAPITAL PREPARATORY SCHOOLS, INC. IN 2017 CPS PAID DR. STEPHEN PERRY, CEO OF CPS, A BASE SALARY IN THE AMOUNT OF $152,250 AND OTHER COMPENSATION IN THE AMOUNT OF $146.
FORM 990, PART VI, SECTION A, LINE 8BTHE BOARD ACTED AS A WHOLE ON ALL MATTERS AND NO COMMITTEE WAS APPOINTED DURING THE FISCAL YEAR.
FORM 990, PART VI, SECTION B, LINE 11BCAPITAL PREPARATORY HARLEM CHARTER SCHOOL HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. WHEN THE FORM 990 HAS BEEN PREPARED, REVIEWED BY MANAGEMENT AND IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE, IT IS ELECTRONICALLY SENT TO THE BOARD MEMBERS OF THE ORGANIZATION FOR ANY COMMENTS. ANY COMMENTS ARE THEN GROUPED, SUMMARIZED AND PROVIDED TO THE OUTSIDE ACCOUNTANTS. EACH ISSUE IS DOCUMENTED AND ADDRESSED UNTIL THE RETURN IS FINALIZED AND APPROVED FOR FILING.
FORM 990, PART VI, SECTION B, LINE 12CTHE SCHOOL SHARES ITS CONFLICT OF INTEREST POLICY WITH BOARD MEMBERS AND OFFICERS AS PART OF THEIR REGULAR MEETINGS. OFFICERS, DIRECTORS, AND KEY EMPLOYEES ARE EXPECTED TO DECLARE IF AT ANY POINT A CONFLICT OF INTEREST ARISES. ON AN ANNUAL BASIS, EACH DIRECTOR, OFFICER, AND EMPLOYEE SHALL SUBMIT TO THE SECRETARY A CONFLICT STATEMENT DISCLOSING POTENTIAL CONFLICTS OF INTEREST, IF ANY, ON A FORM PROVIDED BY THE CORPORATION. NO DIRECTOR SHALL DISCUSS OR VOTE ON ANY MATTER IN WHICH HE OR SHE HAS OR MAY HAVE A CONFLICT OF INTEREST. ANY DIRECTOR FOR WHOM THERE MAY EXIST A CONFLICT OF INTEREST SHALL REFRAIN FROM DISCUSSION OR VOTE ON ANY SUCH MATTER, AND SHALL NOT BE PHYSICALLY PRESENT IN THE ROOM AT THE TIME ANY VOTE IS TAKEN THEREON.
FORM 990, PART VI, SECTION B, LINE 15ATHE BOARD OF TRUSTEES PERFORMS A COMPARATIVE STUDY OF COMPENSATION AND SALARIES WITH THAT OF THE REGION AND OTHER CHARTER SCHOOLS/ORGANIZATIONS. THE BOARD ALSO APPROVES THE COMPENSATION OF THE PRINCIPALS AND OFFICERS THROUGH THE ANNUAL BUDGET PROCESS AND APPROVAL OF THE ANNUAL BUDGET. THE DISCUSSIONS, DELIBERATIONS AND DECISION ARE RECORDED IN THE COMMITTEE MINUTES. THE PROCESS WAS LAST CONDUCTED IN 2017.
FORM 990, PART VI, SECTION C, LINE 19THE 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. IN ADDITION, THE FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, ARTICLES OF INCORPORATION AND BY-LAWS ARE ALSO AVAILABLE UPON WRITTEN REQUEST AT 1 EAST 104TH STREET, NEW YORK, NY 10029, OR BY CALLING THE ORGANIZATION DIRECTLY AT (212) 328-9370.

Comments

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