2018-05-11T07:31:13-05:00 2017-06-30 161092347 MENGEL METZGER BARR & CO LLP 100 CHESTNUT STREET SUITE 1200 ROCHESTER NY 14604 990 2016-07-01 450507998 BRONX CHARTER SCHOOL FOR EXCELLENCE BRON 2123721000 1960 BENEDICT AVENUE BRONX NY 10462 KATHY LATHEN BOARD CHAIR 2123721000 2018-05-10 1 MICHELLE CAIN P00150750 5854231860 2018-05-10 2016 2022-09-23 18:48:47Z KATHY LATHEN 1960 BENEDICT AVENUE BRONX NY 10462 15509924 0 X WWW.BRONXEXCELLENCE.ORG X 2003 NY CHARTER SCHOOL BASED IN THE PARKCHESTER SECTION OF THE BRONX, SERVING GRADES K-8. THE SCHOOL WAS ESTABLISHED TO PREPARE YOUNG PEOPLE FROM NEW YORK CITY TO COMPETE FOR AMISSION TO, AND SUCCEED IN, TOP PUBLIC, PRIVATE, AND PAROCHIAL SCHOOLS. 7 7 112 7 0 0 702965 954795 11962976 14386866 4256 8051 400 97811 12670597 15447523 0 0 0 0 6872542 4378602 0 0 24066 2572901 6647971 9445443 11026573 3225154 4420950 37357637 40515340 29601184 28337937 7756453 12177403 X THE SCHOOL WAS ESTABLISHED TO PREPARE YOUNG PEOPLE FROM NEW YORK CITY TO COMPETE FOR ADMISSION TO, AND SUCCEED IN, TOP PUBLIC, PRIVATE AND PAROCHIAL SCHOOLS BY CULTIVATING THEIR INTELLECTUAL, ARTISTIC, SOCIAL, EMOTIONAL AND ETHICAL DEVELOPMENT. THE SCHOOL OFFERS A CHALLENGING AND RIGOROUS ACADEMIC CURRICULUM WHICH AT THE EARLIEST OF GRADES HAS AN EYE TOWARDS COLLEGE PREPARATION. 0 0 9732605 14484677 BRONX CHARTER SCHOOL FOR EXCELLENCE IS A PUBLIC, CHARTER SCHOOL THAT PROVIDES ELEMENTARY EDUCATION TO ABOUT 772 CHILDREN IN KINDERGARTEN THROUGH 8TH GRADE. 9732605 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 0 1 1 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 35 0 1 112 1 0 0 0 0 0 0 0 0 0 0 X 7 7 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X CHARLENE REID 7188287301 1960 BENEDICT AVENUE BRONX NY 10462 JOYCE FROST VICE PRESIDENT 2.00 X X 0 0 0 STACEY LAUREN BOARD CHAIR 2.00 X X 0 0 0 DEIRDRE FLYNN TRUSTEE (PART YEAR TREASURER) 0.50 X X 0 0 0 MARDI SCHECTER SECRETARY 0.50 X X 0 0 0 TANYA OSBORNE PTA PRESIDENT THROUGH 6/30/17 0.50 X 0 0 0 LISA KEILL TREASURER 2.00 X X 0 0 0 TANYA PIERRE TRUSTEE THROUGH 6/30/17 0.50 X 0 0 0 CHARLENE REID EXECUTIVE DIRECTOR 50.00 X 216488 0 26239 ALEISHA RODRIGUEZ BURGOS PRINCIPAL 50.00 X 155752 0 9502 TANYA GHANS LITERACY COORDINATOR THROUGH 6/30/16 50.00 X 108932 0 21369 OKPO ADIJE ASSISTANT PRINCIPAL ELEM 50.00 X 133275 0 17272 DAWN DEAN HAAS MIDDLE SCHOOL PRINCIPAL 50.00 X 126716 0 13048 741163 0 87430 5 0 1 0 EXCELLENCE COMMUNITY SCHOOLS INC 2090 7TH AVENUE NEW YORK NY 10027 MANAGEMENT FEES 1834483 OUR LADY OF SOLACE 731 MORRIS PARK AVE BRONX NY 10462 RENT 168000 R&V ALL CLEANING SERVICE INC 74 HOWARD AVENUE FREEPORT NY 11520 JANITORIAL SERVICES 128388 3 41889 890755 22151 85471 954795 STATE AND LOCAL PER PUPIL FEES 611110 14386866 14386866 14386866 8051 8051 62401 62401 0 0 41889 0 0 OTHER REVENUE 900099 97811 97811 97811 15447523 14484677 0 8051 156898 137255 19299 344 3270628 3067286 193749 9593 49783 46968 2690 125 640583 605001 33962 1620 260710 245968 14085 657 1834484 1730746 99112 4626 13629 13629 32109 32109 692586 209099 483179 308 9540 9001 515 24 141917 134204 7206 507 996950 940573 53863 2514 1063897 1009038 52413 2446 862947 771372 91338 237 110986 20942 89988 56 CURRICULUM AND CLASSROO 409970 402078 7540 352 REPAIRS AND MAINTENANCE 233454 220253 12613 588 STUDENT SERVICES 143718 143718 OTHER 61154 61154 40630 39103 1458 69 11026573 9732605 1269902 24066 487139 4058737 100000 475975 537248 97336 74434 35942099 2819664 32318147 33122435 2510119 2572520 1468921 49966 37357637 40515340 2300470 1242924 2734 4061 25692158 23975301 1540000 1540000 65822 1575651 29601184 28337937 X 7581121 12177403 175332 0 7756453 12177403 37357637 40515340 4420950 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 914772 914772 31582613 1111059 30471554 2491788 1130710 1361078 616071 352171 263900 336855 225724 111131 33122435 DEFERRED LEASE INCENTIVE 6587 DUE TO CHARTER MANAGEMENT ORGANIZATION 1423195 DEFERRED LEASE LIABILITY 145869 1575651 X 15546139 98616 98616 15447523 0 15447523 11125189 98616 98616 11026573 0 11026573 PART X, LINE 2: THE CHARTER SCHOOL IS A TAX EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND APPLICABLE STATE REGULATIONS AND, ACCORDINGLY, IS EXEMPT FROM FEDERAL AND STATE TAXES ON INCOME. THE CHARTER SCHOOL FILES FORM 990 TAX RETURNS IN THE U.S. FEDERAL JURISDICTION. THE TAX RETURNS FOR THE YEARS ENDED JUNE 30, 2014 THROUGH JUNE 30, 2017 ARE STILL SUBJECT TO POTENTIAL AUDIT BY THE IRS. MANAGEMENT OF THE CHARTER SCHOOL BELIEVES IT HAS NO MATERIAL UNCERTAIN TAX POSITIONS AND, ACCORDINGLY IT WILL NOT RECOGNIZE ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 INCLUDED IN ALL SOLICITATION MATERIALS SCHEDULE E, PART I, LINE 6 THE SCHOOL RECEIVES PER PUPIL FEES FROM THE NYC BOARD OF EDUCATION FOR PROVIDING CHARTER ELEMENTARY SCHOOL PROGRAM FOR KINDERGARTEN THROUGH 8TH GRADE. IN ADDITION, THE SCHOOL RECEIVED IDEA SPECIAL EDUCATION, OTPS, TITLE I AND II AND STIMULUS GRANTS. BLUE RIBBON GALA 41550 41550 41550 41550 X X X 0 0 0 0 0 0 0 1 0 CHARLENE REID EXECUTIVE DIRECTOR 116488 0 100000 0 0 0 11935 0 14304 0 242727 0 0 0 ALEISHA RODRIGUEZ BURGOS PRINCIPAL 135752 0 20000 0 0 0 0 0 9502 0 165254 0 0 0 OKPO ADIJE ASSISTANT PRINCIPAL ELEM 118275 0 15000 0 0 0 6388 0 10884 0 150547 0 0 0 PART I, LINE 7 THE FOLLOWING EMPLOYEES RECEIVED BONUS BASED ON YEAR END REVIEW BY MEMBERS OF THE BOARD: - CHARLENE REID, EXECUTIVE DIRECTOR, RECIEVED $100,000 - ALEISHA RODRIGUEZ, PRINCIPAL, RECEIVED $20,000 - OKPO ADIJE, ASSISTANT PRINCIPAL ELEM, RECEIVED $15,000 A BUILD NYC RESOURCE CORP TAX EXEMPT REVENUE BONDS - SERIES 2013A 454040561 12008EBR6 2013-04-24 23310000 MORTGAGE/LOAN TO BUILD A SCHOOL BUILDING 0 0 0 A 25421744 150398 508435 1540000 24762911 0 0 0 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 1 0 0 0 0 0 A 0 X 73371 FMV X PROPERTY AND EQUIPMENT 1 12100 FMV 0 0 0 FORM 990, PART VI, SECTION A, LINE 3 THE SCHOOL UTILIZES EXCELLENCE COMMUNITY SCHOOLS, INC. ("EXCELLENCE"), AN UNRELATED 501(C)(3) ORGANIZATION, TO PROVIDE MANAGEMENT AND OTHER ADMINISTRATIVE SUPPORT SERVICES TO THE SCHOOL. THE SCHOOL DELEGATED CERTAIN EDUCATION AND INSTRUCTION, BUSINESS OPERATIONS, AND HUMAN RESOURCES AND EMPLOYMENT DUTIES TO EXCELLENCE. EFFECTIVE 7/1/16 CHARLENE REID, TANYA GHANS, AND 8 OTHER EMPLOYEES OF BRONX CHARTER SCHOOL FOR EXCELLENCE, AN UNRELATED BUT AFFILIATED 501(C)3 CHARTER SCHOOL, WERE TRANSFERRED TO EXCELLENCE COMMUNITY SCHOOLS, INC.. CHARLENE REID IS AN EMPLOYEE OF EXCELLENCE COMMUNITY SCHOOLS, INC. AND AN OFFICER OF BRONX CHARTER SCHOOL FOR EXCELLENCE. THE CHARTER SCHOOL PAYS EXCELLENCE MANAGEMENT FEES FOR THE SERVICES PROVIDED INCLUDING THE SERVICES OF THIS OFFICER AND OTHER EMPLOYEES. CHARLENE REID RECEIVED COMPENSATION FROM EXCELLENCE IN THE AMOUNT OF $119,195 FOR THE 2016 CALENDAR YEAR. FORM 990, PART VI, SECTION B, LINE 11B THE EXECUTIVE DIRECTOR, CHAIRMAN AND TREASURER OF THE BOARD REVIEW THE DRAFT 990 BEFORE IT IS FILED. THE ENTIRE FORM 990 IS EMAILED TO ALL BOARD MEMBERS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS DISTRIBUTED TO OFFICERS, BOARD MEMBERS AND KEY EMPLOYEES ANNUALLY. AFTER REVIEWING, BOARD MEMBERS AND KEY EMPLOYEES FILL OUT ANNUAL CONFLICT OF INTEREST CERTIFICATION FORMS IN WHICH THEY DISCLOSE ANY CONFLICTS OF INTEREST AND PROHIBITED EXCESS BENEFIT TRANSACTIONS. THE EXECUTIVE ASSISTANT TO THE EXECUTIVE DIRECTOR IS RESPONSIBLE FOR ENSURING THAT ALL BOARD MEMBERS AND KEY EMPLOYEES COMPLETE THEIR FORMS AND FOR REVIEWING THE EXECUTED FORMS FOR ANY PROBLEMATIC CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF TRUSTEES APPROVES THE SALARY FOR THE EXECUTIVE DIRECTOR AND PRINCIPALS. THE COMPENSATION FOR THESE POSITIONS MUST TAKE INTO CONSIDERATION THE CANDIDATE OR EMPLOYEE'S YEARS OF EXPERIENCE AND HIS OR HER ABILITY TO MEET THE STANDARDS SET BY BCSE FOR THE POSITION. ONCE THE SALARY IS SET, SUBSEQUENT INCREASES GENERALLY FOLLOW INCREASES AFFORDED TO THE REST OF THE STAFF. ACKNOWLEDGEMENT OF EXTRAORDINARY PERFORMANCE ARE RECOGNIZED THROUGH BONUSES. THE BOARD USES CURRENT APPLICABLE NATIONAL AND REGIONAL COMPENSATION SURVEYS FOR HIGH PERFORMING CHARTER SCHOOLS AND NON-PROFITS. ADDITIONAL COMPARISONS ARE DERIVED BY LOOKING AT THE 990'S FOR NON PROFITS OF SIMILAR SIZE AND COMPLEXITY. THIS CROSS COMPARISON PROVIDES SOME BROADER PERSPECTIVE TO ACCOUNT FOR THE EMERGENCE IN CHARTER SCHOOLS OF MORE STABLE AND SEASONED SENIOR STAFF. THE COMPENSATION FOR OTHER MANAGEMENT POSITIONS WILL BE REVIEWED AND APPROVED BY THE EDUCATION COMMITTEE AS FOLLOWS: 1. THE EDUCATION COMMITTEE REVIEWS AND APPROVES THE ORGANIZATIONAL CHART OF BCSE ESTABLISHING LINES OF ACCOUNTABILITY. 2. THE EDUCATION COMMITTEE VERIFIES THE EVALUATION PROCESSES AND PERFORMANCE REVIEW PROCEDURES. 3. THE EXECUTIVE DIRECTOR REVIEWS COMPARATIVE SALARY INFORMATION PROVIDED BY NYC CHARTER CENTER OR OTHER COMPARABLE RESEARCH USING 990'S TO ENSURE THAT THE SALARY STRUCTURE OF THE BRONX CHARTER SCHOOL FOR EXCELLENCE CONTINUES TO ATTRACT AND MAINTAIN QUALITY EMPLOYEES. 4. THE FINANCE COMMITTEE AND BOARD OF TRUSTEES APPROVES COMPENSATION FOR THE "KEY EMPLOYEES/HIGHEST COMPENSATED INDIVIDUALS" BASED ON RECOMMENDATIONS MADE BY THE EXECUTIVE DIRECTOR AND PRINCIPAL. 5. CONTEMPORANEOUS SUBSTANTIATION AND RECORDKEEPING FOR DELIBERATION AND DECISION REGARDING THE COMPENSATION ARRANGEMENT WAS MADE. FORM 990, PART VI, SECTION C, LINE 18 BCSE MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 BCSE MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS IS CONSISTENT WITH PRIOR YEARS