2017-05-15T11:14:25-05:00 2016-06-30 271728945 PKF O'CONNOR DAVIES LLP 665 FIFTH AVENUE NEW YORK NY 10022 990 2015-07-01 434669846 CAPITAL PREPARATORY SCHOOLS INC CAPI 9178383684 C/O CSO 275 MADISON AVENUE 19 FLOOR NEW YORK NY 10016 CANDACE WANG CHIEF OPERATING OFFICER 9178383684 2017-05-13 1 GARRETT M HIGGINS P00543209 2122862600 2017-05-13 2015 2021-01-29 14:40:06Z CANDACE WANG C/O CSO 275 MADISON AVENUE 19 FLOOR NEW YORK NY 10016 723900 0 X WWW.WEARECAPITALPREP.ORG X 2012 CT TO PROVIDE ALL STUDENTS ACCESS TO A HIGH QUALITY EDUCATION BY FACILITATING AND SUPPORTING THE CREATION, OPERATION, AND MANAGEMENT OF INNOVATIVE AND EFFECTIVE SCHOOL MODELS. 4 4 4 5 0 0 576500 450000 0 273900 0 0 0 0 576500 723900 0 0 0 0 97948 318627 0 0 10027 118417 185605 216365 504232 360135 219668 661989 946665 180624 777046 481365 169619 TO PROVIDE ALL STUDENTS ACCESS TO A HIGH QUALITY EDUCATION BY FACILITATING AND SUPPORTING THE CREATION, OPERATION, AND MANAGEMENT OF INNOVATIVE AND EFFECTIVE SCHOOL MODELS. 0 0 391875 273900 THE ORGANIZATION HAS ENTERED INTO SERVICE AGREEMENTS TO PROVIDE HIGH QUALITY CHARTER SCHOOL MANAGEMENT TO TWO CHARTER SCHOOLS. 391875 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 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 0 0 1 11 0 4 1 0 0 0 0 0 0 0 0 0 0 X 4 4 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 1 0 NY X X CANDACE WANG 9178383684 C/O CSO 275 MADISON AVENUE 19 FLOOR NEW YORK NY 10016 LISA BUFFINGTON CHAIRPERSON/SECRETARY 2.00 X X 0 0 0 ROB TYNDALL VICE PRESIDENT 2.00 X X 0 0 0 TOM KIRBY TREASURER 2.00 X X 0 0 0 DONALD CROISETIERE DIRECTOR 2.00 X 0 0 0 DR STEVE PERRY EXECUTIVE DIRECTOR 50.00 X 75000 0 0 CANDACE WANG CHIEF OPERATING OFFICER 50.00 X 150000 0 10355 225000 0 10355 1 0 1 0 0 450000 450000 MANAGEMENT FEES 900099 273900 273900 273900 723900 273900 0 0 X 290355 261320 20324 8711 4349 3914 304 131 23923 21530 1675 718 27887 27887 12500 12500 122016 84431 37512 73 639 639 1741 479 1246 16 4776 4776 2743 2743 12604 11344 882 378 PROFESSIONAL DEVELOPMEN 699 699 504232 391875 102330 10027 436760 936665 223914 1315 10000 661989 946665 30624 27046 150000 750000 180624 777046 X 481365 169619 481365 169619 661989 946665 X 219668 -531414 X X 0 1 X 1 0 X 100150 225000 576500 450000 1351650 100150 225000 576500 450000 1351650 1269051 82599 1351650 273900 X PART II, SECTION A: IN 2015 THE ORGANIZATION CHANGED ITS ACCOUNTING PERIOD FROM 12/31 TO 6/30 YEAR END. THE BELOW CHART CLARIFIES THE INFORMATION REPRESENTED IN SCHEDULE A, PART II: COLUMN (A) - CALENDAR YEAR ENDED 12/31/2012 COLUMN (B) - CALENDAR YEAR ENDED 12/31/2013 COLUMN (C) - CALENDAR YEAR ENDED 12/31/2014 COLUMN (D) - SHORT YEAR ENDED 6/30/2015 COLUMN (E) - FISCAL YEAR ENDED 6/30/2016 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 723900 0 723900 0 723900 1035646 531414 531414 504232 0 504232 PART X, LINE 2: THE ORGANIZATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE ORGANIZATION HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE ORGANIZATION IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR YEARS PRIOR TO JUNE 30, 2013. PART XII, LINE 2D - OTHER ADJUSTMENTS: UNCOLLECTIBLE RECEIVABLE REPORTED ON PART XII: 531,414. X X 0 0 0 0 0 0 0 0 0 CANDACE WANG CHIEF OPERATING OFFICER 150000 0 0 0 0 0 0 0 10355 0 160355 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 LISA BUFFINGTON AND DONALD CROISETIERE HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11 FORM 990 IS REVIEWED BY MANAGEMENT AND THE FINANCE COMMITTEE OF THE BOARD OF DIRECTORS FOR APPROVAL. IF CHANGES ARE REQUIRED, THE ORGANIZATION WILL THEN FORWARD TO THE ACCOUNTING FIRM AND A FINAL VERSION WILL BE DISTRIBUTED TO ALL BOARD MEMBERS PRIOR TO THE IRS SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C THE SCHOOL SHARES ITS CONFLICT OF INTEREST POLICY WITH BOARD MEMBERS, OFFICERS AND KEY EMPLOYEES (IF ANY) ON AN ANNUAL BASIS. OFFICERS, DIRECTORS, AND KEY EMPLOYEES ARE EXPECTED TO DECLARE IF AT ANY POINT A CONFLICT OF INTEREST ARISES. AFTER DISCLOSURE OF A POTENTIAL CONFLICT, THE INDIVIDUAL IN QUESTION MUST RECUSE THEMSELVES FROM VOTING ON THE MATTER. SUCH MATTERS INVOLVING THE EXISTENCE OF CONFLICTS OF INTEREST ARE DOCUMENTED IN THE MINUTES OF THE GOVERNING BOARD. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATIONS BOARD OF DIRECTORS RETAINED A CONSULTANT TO PRESENT TO THE BOARD OF DIRECTORS WITH COMPARABLE SALARIES OF SIMILAR ORGANIZATIONS FOR A RANGE OF POSITIONS IN THE CHARTER MANAGEMENT ORGANIZATION, TO DETERMINE THE COMPENSATION OF THE ORGANIZATIONS OFFICERS AND KEY EMPLOYEES (IF ANY). THIS PROCESS OCCURRED IN 2015 AND WAS DOCUMENTED IN THE MINUTES OF THE GOVERNING BOARD. FORM 990, PART VI, SECTION C, LINE 19 THE 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 AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, THE FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, ARTICLES OF INCORPORATION AND BY-LAWS ARE ALSO AVAILABLE UPON WRITTEN REQUEST AT 275 MADISON AVENUE, 19TH FLOOR, NEW YORK, NY 10016, OR BY CALLING THE ORGANIZATION DIRECTLY AT (917)838-3684. FORM 990, PART IX, LINE 11G PAYROLL SERVICES: PROGRAM SERVICE EXPENSES 2,187. MANAGEMENT AND GENERAL EXPENSES 170. FUNDRAISING EXPENSES 73. TOTAL EXPENSES 2,430. CONTRACTED SERVICES: PROGRAM SERVICE EXPENSES 44,902. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 44,902. FINANCIAL MANAGEMENT SERVICES: PROGRAM SERVICE EXPENSES 37,342. MANAGEMENT AND GENERAL EXPENSES 37,342. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 74,684. FORM 990, PART XI, LINE 9: UNCOLLECTIBLE OF RECEIVABLE -531,414. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A FINANCE COMMITTEE THAT IS RESPONSIBLE FOR OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT AUDITOR.