2017-02-14T07:05:11-06:00 2016-06-30 042571780 ALEXANDER ARONSON FINNING & CO PC 21 EAST MAIN STREET WESTBOROUGH MA 01581 990 2015-07-01 272194956 UP EDUCATION NETWORK INC UPED 6173075980 90 CANAL STREET SUITE 600 BOSTON MA 02114 JIMMY BERYLSON INTERIM CEO 6179799230 2017-02-07 1 JOHN BUCKLEY CPA P00830631 5083669100 2017-02-07 2015 2021-01-29 14:40:06Z NICOLE DORN 90 CANAL STREET SUITE 600 BOSTON MA 02114 6653465 0 X WWW.UPEDUCATIONNETWORK.ORG X 2010 DE THE PRINCIPAL INTENT OF THE ORGANIZATION IS TO CONDUCT ACTIVITIES TO ADVANCE EDUCATION REFORM IN PUBLIC SCHOOLS, INCLUDING PUBLIC CHARTER SCHOOLS. SPECIFICALLY, THE ORGANIZATION WILL ENGAGE IN ACTIVITIES TO SUPPORT AND TRANSFORM UNDERPERFORMING SCHOOLS INTO HIGH-PERFORMING SCHOOLS THAT ENSURE ALL STUDENTS, FROM KINDERGARTEN THROUGH HIGH SCHOOL, POSSESS THE ACADEMIC AND SOCIAL SKILLS NECESSARY TO ACHIEVE THEIR FULL POTENTIAL AND THRIVE IN FOUR-YEAR COLLEGES. 9 8 69 350 0 0 4388580 3658927 2745255 2979104 0 10913 0 4521 7133835 6653465 296936 708446 0 0 3929882 4795841 0 0 224353 1377170 1732929 5603988 7237216 1529847 -583751 4504457 3932275 426248 437817 4078209 3494458 X THE PRINCIPAL INTENT OF THE ORGANIZATION IS TO CONDUCT ACTIVITIES TO ADVANCE EDUCATION REFORM IN PUBLIC SCHOOLS, INCLUDING PUBLIC CHARTER SCHOOLS. SPECIFICALLY, THE ORGANIZATION WILL ENGAGE IN ACTIVITIES TO SUPPORT AND TRANSFORM UNDERPERFORMING SCHOOLS INTO HIGH-PERFORMING SCHOOLS THAT ENSURE ALL STUDENTS, FROM KINDERGARTEN THROUGH HIGH SCHOOL, POSSESS THE ACADEMIC AND SOCIAL SKILLS NECESSARY TO ACHIEVE THEIR FULL POTENTIAL AND THRIVE IN FOUR-YEAR COLLEGES. 0 0 5993556 708446 2983625 UP EDUCATION NETWORK IS ONE OF THE FEW SCHOOL MANAGEMENT ORGANIZATIONS IN THE COUNTRY SUCCESSFULLY TACKLING THE CHALLENGES OF IN-DISTRICT SCHOOL TURNAROUND. UP HAS RESTARTED AND CONTINUES TO MANAGE THREE SCHOOLS IN BOSTON, TWO SCHOOLS IN LAWRENCE AND ONE SCHOOL IN SPRINGFIELD, SERVING 3,200 OF THE STATE'S HISTORICALLY UNDERSERVED STUDENTS. LOCAL SCHOOL DISTRICTS ARE A KEY PARTNER IN UP'S WORK TO TRANSFORM CHRONICALLY UNDERPERFORMING DISTRICT SCHOOLS INTO EXTRAORDINARY SCHOOLS. IN SPRING 2015, UP ACADEMY BOSTON STUDENTS WERE AMONG THE 229,500 STUDENTS IN THE STATE OF MASSACHUSETTS TO TAKE THE PARCC EXAM, WHICH IS DESIGNED TO TEST STUDENTS' COLLEGE AND CAREER READINESS. ON THE 2015 PARCC, UP ACADEMY BOSTON STUDENTS WERE #1 IN ACADEMIC GROWTH IN MATH, AS MEASURED BY TRANSITION STUDENT GROWTH PERCENTILE, OR SGP. EVERY YEAR, OUR STUDENTS ACROSS ALL OF OUR SCHOOLS HAVE DEMONSTRATED AMONG THE MOST GROWTH IN MATH IN THE STATE. UP'S RESULTS HAVE BEEN VALIDATED BY INDEPENDENT RESEARCHERS. A RECENT STUDY IN THE AMERICAN ECONOMIC REVIEW BY RESEARCHERS AT MIT FOUND THAT UP DELIVERS EXCEPTIONALLY LARGE, CAUSAL IMPACT FOR OUR STUDENTS IN BOTH MATH AND ELA. OUR STUDENTS WITH THE GREATEST NEED - STUDENTS WITH LOW PRIOR YEAR PERFORMANCE, STUDENTS WITH DISABILITIES AND ENGLISH LANGUAGE LEARNERS, TEND TO SEE THE MOST GROWTH AT UP. UP EDUCATION NETWORK DIRECTLY SUPPORTS ALL SIX SCHOOLS IN OUR PORTFOLIO, DELIVERING HIGH-QUALITY ACADEMIC AND OPERATIONAL SERVICES, MANAGING DISTRICT GOVERNANCE AND OTHER EXTERNAL STAKEHOLDER RELATIONSHIPS, AND SUPPORTING SCHOOL LEADERSHIP TEAMS IN FUNCTIONAL AREAS SUCH AS SPECIAL EDUCATION, ENGLISH LANGUAGE LEARNING, INNOVATION, AND TALENT MANAGEMENT. 5993556 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 24 0 1 69 1 0 0 0 0 0 0 0 0 0 0 X 9 8 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MA X NICOLE DORN 6177522854 90 CANAL STREET SUITE 600 BOSTON MA 02114 JORDAN MERANUS BOARD MEMBER 4.00 X 0 0 0 FARHAD NANJI CHAIRPERSON 4.00 X X 0 0 0 SCOTT GIVEN CEO/BOARD SECRETARY 45.00 X X 237327 0 19782 YUTAKA TAMURA BOARD MEMBER 4.00 X 0 0 0 REBECCA LEDLEY BOARD MEMBER 4.00 X 0 0 0 MARTIN MANNION BOARD MEMBER 4.00 X 0 0 0 JAMES BERYLSON TREASURER 4.00 X X 0 0 0 KARLA BROOKS BAEHR BOARD MEMBER 4.00 X 0 0 0 JOANNA JACOBSON BOARD MEMBER 4.00 X 0 0 0 TIM NICOLETTE CADO/PRESIDENT 45.00 X 189602 0 876 SHERI LEO CHIEF TALENT OFFICER 45.00 X 117118 0 14032 NICOLE DORN CHIEF OPERATING AND FINANC 45.00 X 117878 0 659 CASEY NGO-MILLER DIRECTOR OF SPECIAL EDUCATION AND INTERVENTION 45.00 X 112454 0 1838 RYAN KNIGHT DIRECTOR OF STRATEGY AND EVALUATION 45.00 X 118038 0 11629 ERIN WALSH-HAGAN DIRECTOR OF PRINCIPAL LEADERSHIP 45.00 X 106549 0 14020 998966 0 62836 7 0 1 0 INSOURCE SERVICES INC 148 LINDEN STREET WELLESLEY MA 02482 ACCOUNTING & TECHNOLOGY SERVICES 187264 1 3658927 3658927 SERVICE AND OTHER FEES 900099 2979104 2979104 2979104 10913 10913 OTHER INCOME 900099 4521 4521 4521 6653465 2983625 0 10913 708446 708446 459710 366754 51076 41880 3739947 3032149 579353 128445 259193 212765 38399 8029 336991 272962 50549 13480 52513 42536 9977 61654 28404 33250 329943 267254 62689 245692 199010 37831 8851 191892 155433 29828 6631 298404 241706 44761 11937 71764 58129 13481 154 2405 1948 457 74050 59980 11108 2962 42846 34705 6427 1714 RECRUITING 170741 146503 24238 PROFESSIONAL DEVELOPMEN 163838 150372 13466 MISCELLANEOUS 27187 14500 12417 270 7237216 5993556 1019307 224353 2910611 2697064 2500 2500 326150 172755 515861 303199 400000 360000 150250 172413 393281 168937 199085 224344 4504457 3932275 276295 259483 70980 70008 40241 69130 38732 39196 426248 437817 X 3773209 3144458 305000 350000 4078209 3494458 4504457 3932275 -583751 0 X X 0 1 X 1 0 X 853468 2988534 4186471 4388580 3658927 16075980 853468 2988534 4186471 4388580 3658927 16075980 5655564 10420416 10913 10913 4521 4521 16091414 0.64760 0.73770 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 1 X 98051 19894 78157 295230 149043 146187 224344 X 6653465 0 6653465 0 6653465 7237216 0 7237216 0 7237216 PART IV, LINE 2B: THE ORGANIZATION ACTS AS A FISCAL AGENT FOR BOSTON PUBLIC SCHOOLS IN CONNECTION WITH ITS MANAGEMENT CONTRACT WITH UP ACADEMY HOLLAND (UAH). AS OF JUNE 30, 2016, FUNDS HELD FOR OTHERS CONSIST OF AMOUNTS HELD ON BEHALF OF UAH, WHICH HAVE NOT YET BEEN SPENT. PART X, LINE 2: THE ORGANIZATION ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ASC TOPIC, INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE ORGANIZATION HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS AT JUNE 30, 2016. THE ORGANIZATION'S INFORMATIONAL RETURNS ARE SUBJECT TO EXAMINATION BY THE FEDERAL AND STATE JURISDICTIONS. 1 UP ACADEMY HOLLAND 272194956 21407 SUPPORT UP ACADEMY CHARTER SCHOOL OF LEONARDOLIVER (LAWRENCE PUBLIC SCHOOLS) 046001394 0 273599 FMV IN-KIND PURCHASES SUPPORT UP ACADEMY CHARTER SCHOOL OF DORCHESTER 462404287 90392 SUPPORT UP ACADEMY CHARTER SCHOOL OF BOSTON 450625911 197758 SUPPORT UP ACADEMY KENNEDY (SPRINGFIELD PUBLIC SCHOOLS) 046001415 0 125290 FMV IN-KIND PURCHASES SUPPORT 5 PART I, LINE 2: THE GRANTS TO UP ACADEMY KENNEDY, UP ACADEMY LEONARD AND UP ACADEMY OLIVER WERE ALL DISBURSED IN THE FORM OF IN-KIND PURCHASES. THESE PURCHASES MUST FOLLOW UP'S FISCAL POLICIES AND PROCEDURES, AND SPENDING IS MONITORED THROUGH MONTHLY BUDGET REPORTS TO THE UP BOARD AND QUARTERLY REPORTS TO THE SCHOOL'S DIRECTOR OF OPERATIONS. THE GRANTS TO UP ACADEMY BOSTON, UP ACADEMY DORCHESTER AND UP ACADEMY HOLLAND SPECIFIED RESTRICTIONS, IF ANY, ON THE GRANT FUNDS IN THE GRANT LETTERS. UP EDUCATION NETWORK REGULARLY REVIEWS UAB, UAD, AND UAH'S ACTIVITY AGAINST THESE RESTRICTIONS WHEN COMPILING MONTHLY FINANCIAL STATEMENTS. X X X X 0 0 0 0 0 0 0 0 0 SCOTT GIVEN CEO/BOARD SECRETARY 202327 0 35000 0 0 0 0 0 19782 0 257109 0 0 0 TIM NICOLETTE CADO/PRESIDENT 189602 0 0 0 0 0 0 0 876 0 190478 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 A DRAFT VERSION OF THE 990 IS PROVIDED TO ALL BOARD MEMBERS FOR THEIR REVIEW VIA EMAIL AND PRIOR TO FINAL SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REQUIRES ITS DIRECTORS, MANAGEMENT AND KEY EMPLOYEES TO COMPLETE AN ANNUAL DISCLOSURE FORM IDENTIFYING ANY RELATIONSHIPS, POSITIONS, OR CIRCUMSTANCES IN WHICH THE RESPONSIBLE PERSON IS INVOLVED THAT HE OR SHE BELIEVES COULD CONTRIBUTE TO A CONFLICT OF INTEREST ARISING. FORM 990, PART VI, SECTION B, LINE 15A IN DETERMINING THE CEO'S SALARY, MEMBERS OF THE ENTIRE BOARD USED A COMPREHENSIVE PROCESS. THIS PROCESS BEGAN IN SPRING 2013 AND CONCLUDED IN SEPTEMBER 2013, WHEN THE CEO'S FY14 COMPENSATION WAS UNANIMOUSLY APPROVED BY BOARD VOTE. THE PROCESS INCLUDED A BOARD WORKING GROUP (FARHAD NANJI AND JORDAN MERANUS) THAT STUDIED AND ANALYZED VARIOUS COMPENSATION-RELATED FACTORS. THE WORKING GROUP MADE AN INITIAL CEO COMPENSATION RECOMMENDATION AT THE JUNE 2013 BOARD MEETING. THE BOARD DISCUSSED AND MODIFIED THIS RECOMMENDATION AT ITS JUNE AND AUGUST BOARD MEETINGS, AND ULTIMATELY APPROVED THE CEO'S COMPENSATION AT ITS SEPTEMBER 2013 BOARD MEETING. THE FACTORS THAT THE WORKING GROUP AND BOARD CONSIDERED INCLUDED: 1. COMPARABLE DATA AND PERSPECTIVES OF OTHERS IN THE FIELD 2. TURNAROUND CONTEXT 3. BACKGROUND AND EXPERIENCE OF CEO 4. FINANCIAL FEASIBILITY OF CEO COMPENSATION INCREASES IN 2014, WE TOOK THIS PROCESS A STEP FURTHER AND PARTICIPATED IN A COMPENSATION STUDY OF CHARTER MANAGEMENT ORGANIZATIONS THAT GAVE US COMPARABILITY DATA FOR CEO, PRESIDENT/EXECUTIVE DIRECTOR, CHIEF, AND DIRECTOR SALARIES. WE PARTICIPATED IN A COMPENSATION STUDY DURING OCTOBER 2016. WHEN THE RESULTS OF THAT STUDY ARE AVAILABLE IN LATE JANUARY 2017, WE WILL REVIEW CURRENT SALARIES TO ENSURE THAT THEY ARE ALIGNED WITH THOSE IN PEER ORGANIZATIONS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAIABLE UPON REQUEST. PART XII, LINE 2C THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS IS RESPONSIBLE FOR OVERSIGHT OF THE AUDIT UP EDUCATION NETWORK, INC.'S FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT.