2018-05-11T09:19:11-05:00 2017-06-30 042571780 ALEXANDER ARONSON FINNING & CO PC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2016-07-01 300211613 FRIENDS OF EXCEL ACADEMY CHARTER SCHOOLS INC FRIE 6175611371 58 MOORE STREET EAST BOSTON MA 02128 SETH REYNOLDS PRESIDENT 6175611371 2018-05-10 1 YEVGENIYA GORLOVSKY-SCHEPP CPA P01059560 5083669100 2018-05-08 2016 2022-09-23 18:48:47Z SETH REYNOLDS 58 MOORE STREET EAST BOSTON MA 02128 2205107 0 X N/A X 2004 MA TO RAISE FUNDS AND SUPPORT THE FUNCTIONS OF AND CARRY OUT THE PURPOSES OF EXCEL ACADEMY CHARTER SCHOOL TO ENGAGE IN ACTIVITIES AND PERFORM FUNCTIONS THAT THE SCHOOL WOULD OTHERWISE HAVE TO PERFORM; TO OWN, LEASE AND MAINTAIN THE SITES AT WHICH THE SCHOOLS IS LOCATED; AND TO OTHERWISE BENEFIT THE SCHOOL THROUGH PROVISION OF FINANCIAL SUPPORT AND SERVICES. 6 6 0 6 0 0 1742479 1878863 0 0 331896 324790 -99596 1454 1974779 2205107 1389658 1101858 0 0 0 0 0 0 19216 455288 475064 1844946 1576922 129833 628185 11810982 12366794 5085548 5011175 6725434 7355619 X TO RAISE FUNDS AND SUPPORT THE FUNCTIONS OF AND CARRY OUT THE PURPOSES OF EXCEL ACADEMY CHARTER SCHOOL TO ENGAGE IN ACTIVITIES AND PERFORM FUNCTIONS THAT THE SCHOOL WOULD OTHERWISE HAVE TO PERFORM; TO OWN, LEASE AND MAINTAIN THE SITES AT WHICH THE SCHOOL IS LOCATED; AND TO OTHERWISE BENEFIT THE SCHOOL THROUGH PROVISION OF FINANCIAL SUPPORT AND SERVICES. 0 0 1344701 1101858 1454 TO RAISE FUNDS AND SUPPORT THE FUNCTIONS OF EXCEL ACADEMY CHARTER SCHOOL 1344701 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 6 6 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MA X ANDREW M SOLOMON 6178744096 58 MOORE STREET EAST BOSTON MA 02128 X DOUGLAS CHOPE MEMBER 0.80 1.00 X 0 0 0 KATHRYN BUEKER TREASURER (BEFORE 12/20/16) 0.80 1.80 X X 0 0 0 TUCKER LEVY CLERK (BEFORE 12/20/16)+ MEMBER 0.80 X X 0 0 0 MARY ELISABETH SWERZ PRESIDENT (BEFORE 12/20/16) + CLERK 0.80 1.80 X X 0 0 0 MEGAN PREINER MEMBER (BEFORE 12/20/16)+ TREASURER + 0.80 1.80 X X 0 0 0 SETH REYNOLDS MEMBER (BEFORE 12/20/16)+ PRESIDENT + 0.80 1.80 X X 0 0 0 PETER FISHER MEMBER (AS OF 12/20/16) 0.80 X 0 0 0 0 0 0 0 0 0 0 0 1878863 12225 1878863 324790 324790 MISCELLANEOUS 900099 1454 1454 1454 2205107 1454 0 324790 X 1099158 1099158 2700 2700 7241 7241 200000 200000 219885 219885 STAFF CULTURE EXPENSE 22958 22958 BAD DEBT 19216 19216 FEES 2965 2965 BANK CHARGES 18 18 2781 2781 1576922 1344701 213005 19216 2387805 3179646 134391 2181723 1376778 6283999 6283999 957455 1391980 11810982 12366794 730 284 361000 359000 4702893 4581339 20925 70552 5085548 5011175 X 5162045 6034024 1563389 1321595 6725434 7355619 11810982 12366794 X 628185 2000 X X 0 1 X 1 0 X 1382130 3002117 6148053 1742479 1878863 14153642 1382130 3002117 6148053 1742479 1878863 14153642 4054044 10099598 343765 339318 332997 331896 324790 1672766 1454 1454 15827862 0.63810 0.67850 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2016 AMOUNT: $ 1,454. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 DUE FROM EXCEL ACADEMY CHARTER SCHOOL 1173654 DUE FROM EAST BOSTON REALTY CORPORATION 218326 1391980 INTEREST PAYABLE 20552 DUE TO BREMEN STREET REALTY CORPORATION 50000 70552 1 EXCEL ACADEMY CHARTER SCHOOL 58 MOORE STREET EAST BOSTON MA 02128 432002251 170(B)(1)(A)(II) 1049158 TO SUPPORT THE FUNCTIONS OF EXCEL ACADEMY CHARTER SCHOOL. EXCEL ACADEMY BREMEN STREET REALTY CORPORATION 58 MOORE STREET EAST BOSTON MA 02128 464977868 509(A)(3) 50000 CAPITAL GRANT 2 PART I, LINE 2: THE BOARD OF TRUSTEES APPROVE GRANT AWARDS TO THE SCHOOL AND BREMEN STREET REALTY CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS MADE AVAILABLE TO ALL BOARD MEMBERS FOR REVIEW AND COMMENTS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS ANNUALLY REVIEW THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION C, LINE 19 FRIENDS OF EXCEL ACADEMY CHARTER SCHOOLS, INC. MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G NETWORK SUPPORT MANAGEMENT FEE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 200,000. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 200,000. FORM 990, PART XI, LINE 9: WRITE-OFF OF UNCOLLECTIBLE PLEDGE DEFERRED INFLOWS OF RESOURCES - DEFERRED REVENUE IN THE STATEMENT OF FIN PO 2,000. FORM 990, PART XII LINE 2C THE BOARD OF DIRECTORS OVERSEES THE AUDIT OF THE FINANCIAL STATEMENTS. THIS PROCESS HAS NOT CHANGED IN FISCAL YEAR 2017. EXCEL ACADEMY EAST BOSTON REALTY CORPORATION 58 MOORE STREET EAST BOSTON MA 02128 274272913 TO SUPPORT FRIENDS OF EXCEL ACADEMY CHARTER SCHOOLS, INC. MA 501(C)(3) LINE 12B, II N/A 1 EXCEL ACADEMY BREMEN STREET REALTY CORPORATION 58 MOORE STREET EAST BOSTON MA 02128 464977868 TO SUPPORT EXCEL ACADEMY CHARTER SCHOOLS MA 501(C)(3) LINE 12C, III-FI N/A 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 EXCEL ACADEMY EAST BOSTON REALTY CORPORATION D 8245000 FAIR MARKET VALUE EXCEL ACADEMY EAST BOSTON REALTY CORPORATION Q 218326 FAIR MARKET VALUE EXCEL ACADEMY BREMEN STREET REALTY CORPORATION B 50000 FAIR MARKET VALUE-GRANT EXCEL ACADEMY BREMEN STREET REALTY CORPORATION E 50000 FAIR MARKET VALUE-DUE TO