2017-05-09T15:27:53-05:00 2016-06-30 131517563 LOEB & TROPER LLP 655 THIRD AVENUE 12TH FLOOR NEW YORK NY 10017 990 2015-07-01 270400583 FRIENDS OF HEBREW LANGUAGE ACADEMY CHARTER SCHOOLS INC FRIE 2122792288 555 EIGHTH AVENUE NO 1703 NEW YORK NY 10018 DAVID GEDZELMAN SECRETARY & TREASURER 2127926238 2017-05-05 1 AARON SHAPIRO P01333816 2128674000 2015 2021-01-29 14:40:06Z X DAVID GEDZELMAN 555 EIGHTH AVENUE NO 1703 NEW YORK NY 10018 4056210 0 X N/A X 2009 NY FRIENDS OF HEBREW LANGUAGE ACADEMY CHARTER SCHOOLS, INC, ("FOHLA") WAS FOUNDED TO PROVIDE FINANCIAL AND TECHNICAL SUPPORT TO, AND FURTHER THE EDUCATIONAL AND CHARITABLE PURPOSES OF, HEBREW LANGUAGE ACADEMY CHARTER SCHOOLS IN NEW YORK STATE. 4 4 0 4 0 0 1269759 1380560 1654195 2675650 0 0 0 0 2923954 4056210 400000 339000 0 0 0 0 0 0 0 1458078 3848387 1858078 4187387 1065876 -131177 2375897 5980446 802519 4538245 1573378 1442201 FRIENDS OF HEBREW LANGUAGE ACADEMY CHARTER SCHOOLS, INC, ("FOHLA") WAS FOUNDED TO PROVIDE FINANCIAL AND TECHNICAL SUPPORT TO, AND FURTHER THE EDUCATIONAL AND CHARITABLE PURPOSES OF, HEBREW LANGUAGE CHARTER SCHOOLS IN NEW YORK STATE. 0 0 4171459 339000 2675650 FOR THE YEAR ENDED JUNE 30, 2016, THE ORGANIZATION PROVIDED PROGRAMMATIC EXPENSE OF APPROXIMATELY $4,170,000 TO SUPPORT HEBREW LANGUAGE CHARTER SCHOOLS, LOCATED IN BROOKLYN, NY AND HARLEM, NY. SUCH SUPPORT INCLUDED OPERATING FUNDS TO ENABLE THE LEASING OF CLASSROOM SPACE AND THE FURNISHING OF RELATED REPAIRS & MAINTENANCE. 4171459 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 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 0 0 1 8 0 0 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 1 1 0 0 0 X ELLY ROSENTHAL CFO 2127926238 555 EIGHTH AVENUE NEW YORK NY 10018 X SARA BERMAN CHAIRMAN & PRESIDENT 1.00 X X 0 0 0 DAVID GEDZELMAN SECRETARY & TREASURER 2.00 X X 0 0 0 MICHAEL STEINHARDT DIRECTOR (UNTIL 8/31/15) 1.00 X 0 0 0 DAVID SHAPIRO DIRECTOR 1.00 X 0 0 0 CLIFF SCHNEIDER DIRECTOR 1.00 X 0 0 0 0 0 0 0 0 0 0 0 1380560 1380560 RENTAL INCOME 531110 2675650 2675650 2675650 4056210 2675650 0 0 339000 339000 6900 6900 7850 7850 5523 5523 3745654 3745654 17782 17782 7680 7680 56254 55076 1178 744 744 4187387 4171459 15928 0 1644894 2006126 12500 28750 16230 120000 480776 409117 4866594 1450141 221497 3416453 2375897 5980446 208021 1437630 901117 2000000 594498 199498 802519 4538245 X 1560878 1442201 12500 0 1573378 1442201 2375897 5980446 -131177 0 X X 0 1 X 1 0 X 675000 1320400 640210 1269759 1380560 5285929 675000 1320400 640210 1269759 1380560 5285929 5285929 5285929 4929845 1.00000 0.78260 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1258724 1258724 0 3607870 191417 3416453 3416453 SECURITY DEPOSIT 199498 199498 X 4096397 40187 40187 4056210 0 4056210 4227574 40187 40187 4187387 0 4187387 PART X, LINE 2: FOHLA HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PERIODS ENDED JUNE 30, 2013 AND SUBSEQUENT REMAIN SUBJECT TO EXAMINATION BY APPLICABLE TAXING AUTHORITIES. 1 HARLEM HEBREW LANGUAGE ACADEMY CHARTER SCHOOL 147 ST NICHOLAS AVENUE NEW YORK NY 10026 455603860 501(C)(3) 339000 GENERAL SUPPORT 1 0 PART I, LINE 2: FOHLA AWARDED A GRANT OF $280,000 TO HARLEM HEBREW LANGUAGE ACADEMY CHARTER SCHOOL TO SUPPORT THE SCHOOL IN ITS THIRD YEAR AND $59,000 TO DEFRAY RENOVATION COSTS. THE SCHOOL PROVIDED FOHLA WITH MONTHLY FINANCIAL REPORTS AND REPORTED ON ITS ACTIVITIES ON A WEEKLY BASIS. FORM 990, PART VI, SECTION A, LINE 2 DIRECTORS SARA BERMAN AND MICHAEL STEINHARDT HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11 THE 990 WAS REVIEWED AND APPROVED BY THE FINANCE COMMITTEE AND THEN SUBMITTED TO THE BOARD OF DIRECTORS PRIOR TO FILING. IF THE BOARD OF DIRECTORS HAVE ANY QUESTIONS THEY ARE ADDRESSED. FORM 990, PART VI, SECTION B, LINE 12C UPON BEING ELECTED TO THE BOARD AND THEREAFTER ON AN ANNUAL BASIS, AS LONG AS A DIRECTOR REMAINS A MEMBER OF THE BOARD, DIRECTORS SHALL COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE AND ACKNOWLEDGMENT OF SUCH CONFLICT OF INTEREST POLICY. ANY POTENTIAL CONFLICTS, AS DEFINED BY THE POLICY, ARE REQUIRED TO BE REPORTED TO AND ARE VETTED BY THE BOARD.FOHLA'S PRACTICE IS TO HAVE A BOARD MEMBER RECUSE THEMSELVES FROM A VOTE ON A CONTRACT OR TRANSACTION WHERE THERE IS A CONFLICT OF INTEREST FORM 990, PART VI, SECTION C, LINE 19 THE AUDITED FINANCIALS, GOVERNING DOCUMENTS, AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR.