2017-05-15T10:40:47-05:00 2016-06-30 271728945 PKF O'CONNOR DAVIES LLP 665 FIFTH AVENUE NEW YORK NY 10022 990 2015-07-01 331174065 PROSPECT SCHOOLS INC PROS 3478897041 3002 FORT HAMILTON PARKWAY BROOKLYN NY 11218 DANIEL RUBENSTEIN TRUSTEE 3478897041 2017-05-15 1 GARRETT M HIGGINS P00543209 2122862600 2017-05-13 2015 2021-01-29 14:40:06Z DANIEL RUBENSTEIN 3002 FORT HAMILTON PARKWAY BROOKLYN NY 11218 1081919 0 X N/A X 2007 NY THE ORGANIZATION'S PURPOSE IS TO RAISE FUNDS IN SUPPORT OF NEW YORK CHARTER SCHOOLS. 3 2 0 66 0 0 1430294 1064357 0 0 731 1012 5612 -7888 1436637 1057481 356819 1040069 0 0 0 0 0 0 30135 24195 73827 381014 1113896 1055623 -56415 1560193 1502619 6975 5816 1553218 1496803 THE ORGANIZATION'S PURPOSE IS TO RAISE FUNDS IN SUPPORT OF NEW YORK CHARTER SCHOOLS. 0 0 1061749 1040069 PROVIDED SUPPORT TO BROOKLYN PROSPECT CHARTER SCHOOL TO COVER SPECIFIC PROGRAM EXPENSES. 1061749 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 1 0 1 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 1 1 0 0 0 0 X 3 2 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 NY X X HILLARY PRINCE 3478897041 3002 FORT HAMILTON PARKWAY BROOKLYN NY 11218 LUYEN CHOU BOARD CHAIR 1.00 2.00 X X 0 0 0 DANIEL RUBENSTEIN SECRETARY 1.00 50.00 X X 0 185917 27460 PEARL ROCK KANE TRUSTEE 1.00 1.00 X 0 0 0 0 185917 27460 0 0 1 0 0 68645 995712 1064357 1012 1012 16550 68645 24438 -7888 -7888 1057481 0 0 -6876 1040069 1040069 275 275 5021 5021 21330 21330 13016 8720 4296 3576 3576 2600 2600 1342 1087 215 40 1115 1115 STAFF EXPENSES 25552 20593 4066 893 1113896 1061749 22012 30135 254080 361352 1106113 1137690 3577 200000 0 1560193 1502619 6975 5816 6975 5816 X 472016 643204 1081202 853599 1553218 1496803 1560193 1502619 -56415 0 X 0 1 X 0 0 X 110311 150164 201181 430294 1064357 1956307 110311 150164 201181 430294 1064357 1956307 718508 1237799 454 566 608 731 1012 3371 1959678 0.63160 0.92060 X SCHEDULE A, PART VI, LIST OF UNUSUAL GRANTS: DESCRIPTION: DATE: 06/18/15 AMOUNT: 1000000. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 1081919 24438 24438 1057481 0 1057481 1138334 24438 24438 1113896 0 1113896 PART X, LINE 2: PROSPECT RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT PROSPECT HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. PROSPECT IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR YEARS PRIOR TO JUNE 30, 2013. PART XI, LINE 2D - OTHER ADJUSTMENTS: SEPCIAL EVENT EXPENSES REPORTED ON PART VIII, LINE 8B: 24,438. PART XII, LINE 2D - OTHER ADJUSTMENTS: SEPCIAL EVENT EXPENSES REPORTED ON PART VIII, LINE 8B: 24,438. SPRING GALA 85195 68645 16550 10712 13726 85195 68645 16550 10712 13726 24438 -7888 1 BROOKLYN PROSPECT CHARTER SCHOOL 3002 FORT HAMILTON PARKWAY BROOKLYN NY 11218 263206518 501(C)(3) 1040069 GENERAL SUPPORT. 1 PART I, LINE 2: THE ORGANIZATION WAS ESTABLISHED TO RAISE FUNDS IN SUPPORT OF THE OPERATIONS OF BROOKLYN PROSPECT CHARTER SCHOOL. EACH YEAR, THE MONEY RAISED AS PART OF THE ORGANIZATION'S ANNUAL FUND IS DONATED TO BROOKLYN PROSPECT CHARTER SCHOOL TO BE SPENT ON GENERAL OPERATING EXPENSES OF THE SCHOOL. THE ORGANIZATION DOES NOT PROVIDE GRANTS OR ASSISTANCE TO ANY ORGANIZATIONS OTHER THAN BROOKLYN PROSPECT CHARTER SCHOOL. 0 0 0 0 0 0 0 0 0 DANIEL RUBENSTEIN SECRETARY 0 185917 0 0 0 0 0 7750 0 19710 0 213377 0 0 PART I, LINE 3 PROSPECT SCHOOLS, INC. DOES NOT PROVIDE COMPENSATION TO ANY OF ITS TOP MANAGEMENT OFFICIALS. THE SALARY PAID TO TOP MANAGEMENT OFFICIALS IS PAID BY BROOKLYN PROSPECT CHARTER SCHOOL, A RELATED ORGANIZATION. THE FOLLOWING IS THEIR COMPENSATION POLICY: COMPENSATION OF THE ORGANIZATIONS OFFICERS IS BASED ON COMPARABLE DATA PROVIDED FROM THE DEPARTMENT OF EDUCATION. THE EXECUTIVE COMMITTEE AND THE BOARD OF DIRECTORS REVIEWED, DETERMINED AND LAST APPROVED COMPENSATION IN 2015. ALL DISCUSSION AND DELIBERATION WAS DOCUMENTED IN THE MINUTES OF THE GOVERNING BOARD. FORM 990, PART VI, SECTION A, LINE 8B THE BOARD ACTS ON BEHALF OF THE ORGANIZATION AND NO SUCH COMMITTEES EXIST. FORM 990, PART VI, SECTION B, LINE 11 FORM 990 IS REVIEWED BY THE BOARD OF TRUSTEES FOR APPROVAL. IF CHANGES ARE REQUIRED, THE ORGANIZATION WILL THEN FORWARD THE FORM 990 TO THE AUDITING FIRM AND A FINAL VERSION WILL BE DISTRIBUTED TO ALL BOARD MEMBERS PRIOR TO THE IRS SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12 THE ORGANIZATION FOLLOWS THE POLICIES OF RELATED PARTY BROOKLYN PROSPECT CHARTER SCHOOL, BUT HAS NOT FORMALLY ADOPTED THEM AS ITS' OWN POLICIES. 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 3002 FORT HAMILTON PARKWAY, BROOKLYN, NY 11218, OR BY CALLING THE ORGANIZATION DIRECTLY AT (347)-889-7041. BROOKLYN PROSPECT CHARTER SCHOOL 3002 FORT HAMILTON PARKWAY BROOKLYN NY 11218 263206518 SCHOOL NY 501(C)(3) LINE 2 N/A 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0