2018-05-14T17:48:48-05:00 2017-06-30 131517563 LOEB & TROPER LLP 655 THIRD AVENUE 12TH FLOOR NEW YORK NY 10017 990 2016-07-01 132940671 STOREFRONT ACADEMY HARLEM STOR 2124272862 70 EAST 129TH STREET NEW YORK NY 10035 ALEXIS THOMASON PRINCIPAL 2124272862 2018-05-14 1 AARON SHAPIRO P01333816 2128674000 2016 2022-09-23 18:48:47Z ALEXIS THOMASON 70 EAST 129TH STREET NEW YORK NY 10035 4005887 0 X WWW.STOREFRONTACADEMY.ORG X 1966 NY STOREFRONT ACADEMY HARLEM IS AN INDEPENDENT, TUITION-FREE SCHOOL IN HARLEM COMMITTED TO PROVIDING A COMPREHENSIVE EDUCATION TO CHILDREN WITH VARIED ACADEMIC STRENGTHS FROM PRE-SCHOOL THROUGH 8TH GRADE. OUR WORK IS GROUNDED ON THE CONVICTION THAT EVERY CHILD DESERVES THE OPPORTUNITY FOR AN EXCELLENT EDUCATION. WE WORK IN PARTNERSHIP WITH FAMILIES AND COMMUNITY MEMBERS TO PREPARE CHILDREN ACADEMICALLY, SOCIALLY AND EMOTIONALLY FOR FURTHER EDUCATION, EMPOWERING EACH CHILD TO REACH HIS OR HER POTENTIAL. 30 30 68 317 0 0 3491560 2748112 496375 97913 -322 2724 -116851 208374 3870762 3057123 84848 76159 0 0 2748694 2582660 0 0 484350 1066173 1126273 3899715 3785092 -28953 -727969 5945636 5162503 402152 301389 5543484 4861114 SEE SCHEDULE O 0 0 1838527 76159 IN ITS FIFTH DECADE, THE STOREFRONT HAS REPRESENTED THE STRONGEST POSSIBLE CASE FOR PROVIDING EXCEPTIONAL LEARNING OPPORTUNITIES TO UNDERSERVED CHILDREN FOR STUDENTS WITH A WIDE RANGE OF LEARNING ABILITIES. WE ARE PROUD OF THE SUCCESS OF OUR STUDENTS AND THE OPTIONS THIS GIVES THEM FOR HIGH SCHOOL ADMISSIONS. OVER SIXTY STUDENTS ATTENDED OUR SUMMER SCHOOL AND AFTERSCHOOL ASSISTANCE PROGRAM. OUR PROGRAM SUPPORTS THE ACADEMIC, SOCIAL AND EMOTIONAL NEEDS OF OUR STUDENTS. OUR PROGRAM INCLUDES ENRICHMENT, CONFLICT RESOLUTION, COMMUNITY SERVICE, SPORTS, MUSIC AND WELLNESS PROGRAMS. NINETY PERCENT OF OUR GRADUATES HAVE COMPLETED HIGH SCHOOL AND EIGHTY PERCENT ATTENDED COLLEGE. 384909 97913 THE SCHOOL IS PROVIDING MANAGEMENT SERVICES TO AN AFFILIATED CHARTER SCHOOL IN THE BRONX. 2223436 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 8 0 68 1 0 0 0 0 0 1 1 0 0 0 0 X 30 30 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X X DAPHNE MARTINEZ 2124277900 70 EAST 129TH STREET NEW YORK NY 10035 RAY A CAMERON CHAIR- BOARD OF TRUSTEES 1.00 X X 0 0 0 ELSIE V AIDINOFF CHAIR EMERITUS 1.00 X X 0 0 0 LAUREN MARRUS VICE CHAIR 1.00 X X 0 0 0 JEFFREY MUTI VICE CHAIR 1.00 X X 0 0 0 AMANDA K LOW VICE CHAIR 1.00 X X 0 0 0 DORIAN BROWN BOARD MEMBER 1.00 X 0 0 0 JOHN GFORBES BOARD MEMBER 1.00 X 0 0 0 WJ PATRICK CURLEY III BOARD MEMBER 1.00 X 0 0 0 GEORGE J GRUMBACH JR BOARD MEMBER 1.00 X 0 0 0 MILDRED E JONES BOARD MEMBER 1.00 X 0 0 0 CHRISTINE LASALA BOARD MEMBER 1.00 X 0 0 0 CHRISTOPHER MOORE BOARD MEMBER 1.00 X 0 0 0 ELLEN-JANE MOSS BOARD MEMBER 1.00 X 0 0 0 ROBERT T RYLEE III BOARD MEMBER 1.00 X 0 0 0 MICHAEL F STREICKER BOARD MEMBER 1.00 X 0 0 0 HOLLY PETERSON BOARD MEMBER 1.00 X 0 0 0 MICHAEL B STUBBS BOARD MEMBER 1.00 X 0 0 0 MARIA VECCHIOTTI BOARD MEMBER 1.00 X 0 0 0 GEORGE B WEIKSNER BOARD MEMBER 1.00 X 0 0 0 ANDREW R WIENER BOARD MEMBER 1.00 X 0 0 0 REBY B GULCAN BOARD MEMBER 1.00 X 0 0 0 GRETCHEN PUSCH BOARD MEMBER 1.00 X 0 0 0 RICHARD BAYLES BOARD MEMBER 1.00 X 0 0 0 JONATHAN G STEARNS BOARD MEMBER 1.00 X 0 0 0 GEORGE SUTTLES BOARD MEMBER 1.00 X 0 0 0 JORDAN LIPPNER BOARD MEMBER 1.00 X 0 0 0 EDWARD MILLER BOARD MEMBER 1.00 X 0 0 0 STEVE PINCUS BOARD MEMBER 1.00 X 0 0 0 SUSAN K REID BOARD MEMBER 1.00 X 0 0 0 AMY WU SILVERMAN BOARD MEMBER 1.00 X 0 0 0 ELISA ISTUETA EXECUTIVE DIRECTOR 40.00 X 109856 0 699 JULIO ALEX CASTRO ASSISTANT TREASURER / COO 40.00 X 81872 0 12562 KIRKLEY STRAND CHIEF DEVELOPMENT OFFICER 40.00 X 121100 0 10696 RENE E PENA DIRECTOR OF FINANCE 40.00 X 75413 0 6415 ALEXIS THOMASON PRINCIPAL 40.00 X 126320 0 12843 514561 0 43215 3 0 0 0 0 465417 442370 1840325 317416 2748112 MANAGEMENT FEES 541200 97913 97913 97913 2521 2521 429210 384909 44301 44301 44301 405959 405756 203 203 203 313892 465417 158099 155793 155793 MISCELLANEOUS 900099 8280 8280 8280 3057123 97913 0 211098 76159 76159 295785 165640 88735 41410 1848103 1056284 562380 229439 280783 214990 31432 34361 157989 88474 47397 22118 74793 74793 325 325 107798 82227 25571 338274 240823 13579 83872 80879 64696 4800 11383 46915 42223 2346 2346 6736 2176 3563 997 17359 10549 248 6562 148911 134019 7446 7446 77038 30091 41467 5480 BAD DEBT 87934 87934 STUDENT ACTIVITIES 32342 32342 COMMUNITY OUTREACH 15826 7374 2711 5741 91143 57596 25923 7624 3785092 2223436 1077306 484350 133686 245404 3267382 2681479 258741 152942 192199 0 129298 177922 3388483 1731017 1755294 1657466 209036 247290 5945636 5162503 402152 301389 402152 301389 X 3509796 2890345 111157 48238 1922531 1922531 5543484 4861114 5945636 5162503 -727969 45599 0 X X 0 1 X 1 0 X 3944567 3462544 3285735 3491560 2748112 16932518 3944567 3462544 3285735 3491560 2748112 16932518 685106 16247412 11586 4723 35554 280944 431731 764538 155793 155793 10361 6100 21128 23926 8280 69795 17922644 712997 0.90650 0.94420 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2005733 44450 0 2050183 2103245 -2512 95000 2005733 2106267 75000 16978 95000 2103245 2473695 5000 222572 595000 2106267 2422822 159623 108750 2473695 0.04150 0.93770 0.02080 0 0 123920 123920 2995160 1574020 1421140 269403 156997 112406 1657466 X 3833618 45599 188213 543008 776820 3056798 325 325 3057123 4515988 188213 543008 731221 3784767 325 325 3785092 PART V, LINE 4: THE ENDOWMENT FUNDS ARE TO PROVIDE INCOME TO BE USED FOR THE GRADUATE PROGRAM AND FOR THE OPERATION OF THE SCHOOL. PART X, LINE 2: THE SCHOOL HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PERIODS ENDING JUNE 30, 2014 AND SUBSEQUENT REMAIN SUBJECT TO EXAMINATION BY APPLICABLE TAXING AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: DIRECT COST OF SPECIAL EVENTS 158,099. LEASE EXPENSES 384,909. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT COST OF SPECIAL EVENTS 158,099. LEASE EXPENSES 384,909. ANNUAL SPRING GALA 500080 266025 234055 57265 21000 16162 COCKTAILS AND POKER 111278 82057 29221 10330 6000 10553 4 167951 117335 50616 15000 21789 779309 465417 313892 67595 42000 48504 158099 155793 1 SCHOLARSHIPS FOR STUDENTS 7 76159 PART I, LINE 2: EACH YEAR, THE HIGH SCHOOL PLACEMENT OFFICER PROVIDES A LIST OF STUDENTS WHO HAVE BEEN APPROVED FOR RECEIVING THIS ASSISTANCE, THE NAMES OF THEIR SCHOOLS AND THE AMOUNT OF ASSISTANCE, AND THIS LIST IS GIVEN TO THE ASSISTANT TREASURER. WHEN A BILL IS RECEIVED FROM A HIGH SCHOOL, THE ASSISTANT TREASURER CONFIRMS THE STUDENT, SCHOOL AND AMOUNT, AND THEN PAYS IT. IF THERE ARE ANY DISCREPANCIES, THE ASSISTANT TREASURER CONTACTS THE SCHOOL, THE STOREFRONT'S PLACEMENT OFFICER OR HEAD OF SCHOOL, AS NECESSARY, TO CLEAR THEM UP. X 9 317416 SALES PRICE 0 0 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION B, LINE 11B BEFORE THE FORM 990 WAS FILED, A COPY WAS DISTRIBUTED TO THE AUDIT COMMITTEE. AFTER DISTRIBUTION, THE AUDIT COMMITTEE HELD A MEETING TO DISCUSS THE 990, INCLUDING ANY QUESTIONS OR COMMENTS, WHICH THE DIRECTOR OF FINANCE ADDRESSED. AFTER THAT, THE 990 WAS CIRCULATED TO ALL BOARD MEMBERS VIA EMAIL FOR REVIEW. COMMENTS AND QUESTIONS WERE REQUESTED, AND WERE DIRECTED TO THE DIRECTOR OF FINANCE. ONCE THESE WERE ADDRESSED, ANY REVISIONS WERE REDISTRIBUTED TO ALL BOARD MEMBERS. THEN THE FORM 990 WAS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C STOREFRONT ACADEMY HARLEM HAS ADOPTED A CONFLICT OF INTEREST POLICY THAT REQUIRES THAT ANY TRANSACTION WITH INTERESTED PARTIES IS FULLY DISCLOSED. SAH WILL REVIEW THIS POLICY ON AN ANNUAL BASIS. THE CHAIR WILL REPORT TO THE BOARD OF TRUSTEES THAT ALL DISCLOSURE FORMS HAVE BEEN COMPLETED AND WHETHER ANY POTENTIAL CONFLICTS HAVE BEEN DISCLOSED. ALL BOARD MEMBERS, HEAD OF SCHOOL, CHIEF OPERATIONS OFFICER, AND SENIOR FINANCIAL OFFICERS ARE REQUIRED TO COMPLETE THE DISCLOSURE STATEMENT ON AN ANNUAL BASIS. IF AT ANY TIME A BOARD MEMBER OR EMPLOYEE ACQUIRES AN INTEREST IN A MATTER THAT MIGHT POSE A CONFLICT, HE OR SHE SHALL PROMPTLY DISCLOSE SUCH INTEREST IN WRITING. INTERESTED PARTIES WHO HAVE AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST WILL NOT PARTICIPATE IN DECISIONS OR DISCUSSIONS AFFECTING THAT INTEREST AND THE ORGANIZATION. THE BOARD OF TRUSTEES AND KEY EMPLOYEES ARE COVERED UNDER THE CONFLICT OF INTEREST POLICY. THE BUSINESS MANAGER AND ASSISTANT TREASURER ARE INVOLVED IN PROCESSING ALL INVOICES, AND REVIEW EACH TRANSACTION TO CHECK FOR CONFLICTS. IF ONE IS DISCOVERED, IT IS REPORTED TO THE BOARD CHAIR. CONFLICTS AT ANY LEVEL ARE REPORTED TO THE CHAIR. FORM 990, PART VI, SECTION B, LINE 15 SALARY LEVELS ARE APPROVED BY THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES DURING THE ANNUAL BUDGET PROCESS AS DOCUMENTED IN THE MINUTES OF THAT COMMITTEE. MEMBERS OF THE BOARD OF TRUSTEES CHECKED WITH NYSAIS, OUR ACCREDITING ORGANIZATION, AND THE NEW YORK CITY PUBLIC SCHOOL SYSTEM REGARDING CURRENT SALARY LEVELS FOR HEADS OF SCHOOL AND OTHER ADMINISTRATIVE AND TEACHING POSITIONS. THE SEARCH COMMITTEE OF THE BOARD OF TRUSTEES USES A CONSULTING FIRM WHO HAS SPECIALIZED IN RECRUITING FOR NOT- FOR-PROFIT ORGANIZATIONS FOR MORE THAN 10 YEARS. AMONG OTHER THINGS, THEY ADVISED ON SALARY LEVELS BASED ON THEIR EXPERIENCE. THIS WAS LAST DONE IN FISCAL 2017. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C THIS PROCESS HAS NOT CHANGED FROM PRIOR YEARS.