BETA

STOREFRONT ACADEMY CHARTER SCHOOL SOUTH BRONX: Form 990, tax year 2015

View the entire original 990 at ProPublica ↗

Organization
STOREFRONT ACADEMY CHARTER SCHOOL SOUTH BRONX (EIN 47-1938137)
Tax period
2015-07-01 to 2016-06-30
Filed
2017-05-05
IRS object ID
201731259349300433
Schema version
2015v3.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2017-05-05T09:18:44-05:00ReturnTs
Tax Period End2016-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN131517563PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1LOEB & TROPER LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1655 THIRD AVENUE 12TH FLOORAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10017ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2015-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN471938137EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1STOREFRONT ACADEMY CHARTER SCHOOLBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlSTORBusinessNameControlTxt
Phone6464761400PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1423 EAST 138TH STREETAddressLine1Txt
CityBRONXCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10454ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJONATHAN STEARNSPersonNm
Person TitleCHAIRPersonTitleTxt
Phone6464761400PhoneNum
Signature2017-05-03SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonAARON SHAPIROPreparerPersonNm
PTINP01333816PTIN
Phone2128674000PhoneNum
FieldValueIRS element (for citing)
Tax2015TaxYr
Build TS2021-01-29 14:40:06ZBuildTS

Form 990 IRS990

Doing Business As Name DoingBusinessAsName

FieldValueIRS element (for citing)
Business Name Line1STOREFRONT ACADEMY CHARTER SCHOOLBusinessNameLine1Txt
Business Name Line2SOUTH BRONXBusinessNameLine2Txt
FieldValueIRS element (for citing)
Principal OfficerJONATHAN STEARNSPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1423 EAST 138TH STREETAddressLine1Txt
CityBRONXCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10454ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$2,614,667GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressSTOREFRONTACADEMY.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2014FormationYr
Legal Domicile StateNYLegalDomicileStateCd
Activity Or MissionSTOREFRONT ACADEMY CHARTER SCHOOL IS A PUBLIC CHARTER SCHOOL, EDUCATING URBAN YOUTH OF ALL LEARNING ABILITIES, BEGINNING WITH STUDENTS IN KINDERGARTEN AND FIRST GRADE AND ADDING ONE GRADE EVERY YEAR, WITH THE EVENTUAL GOAL OF EDUCATING STUDENTS FROM PRE-KINDERGARTEN THROUGH THE EIGHTH GRADE.ActivityOrMissionDesc
Voting Members Governing Body11VotingMembersGoverningBodyCnt
Voting Members Independent11VotingMembersIndependentCnt
Total Employee21TotalEmployeeCnt
Total Volunteers11TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$376,249PYContributionsGrantsAmt
CY Contributions Grants$901,075CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$1,713,502CYProgramServiceRevenueAmt
PY Investment Income$0PYInvestmentIncomeAmt
CY Investment Income$90CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$376,249PYTotalRevenueAmt
CY Total Revenue$2,614,667CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$114,822PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$1,330,921CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$226,451PYOtherExpensesAmt
CY Other Expenses$1,008,085CYOtherExpensesAmt
PY Total Expenses$341,273PYTotalExpensesAmt
CY Total Expenses$2,339,006CYTotalExpensesAmt
PY Revenues Less Expenses$34,976PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$275,661CYRevenuesLessExpensesAmt
Total Assets BOY$359,459TotalAssetsBOYAmt
Total Assets EOY$648,718TotalAssetsEOYAmt
Total Liabilities BOY$324,483TotalLiabilitiesBOYAmt
Total Liabilities EOY$338,609TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$34,976NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$310,109NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionSEE SCHEDULE OSTOREFRONT ACADEMY SEEKS TO PROVIDE CHILDREN OF VARIED ACADEMIC STRENGTHS QUALITY EDUCATIONAL OPPORTUNITIES, PREPARING THEM ACADEMICALLY, SOCIALLY AND EMOTIONALLY TO BECOME CRITICAL THINKERS, HIGH-ACHIEVING STUDENTS AND WELL-ROUNDED INDIVIDUALS. WORKING IN PARTNERSHIP WITH FAMILIES AND COMMUNITY MEMBERS, STOREFRONT ACADEMY INSTILLS A POWERFUL SENSE OF SELF, AND GIVES ITS STUDENTS THE TOOLS TO OWN THE FUTURE AND CREATE MEANINGFUL ADULT LIVES.FORM 990, PART III, LINE 2:SEE FORM 990, PART III, LINE 4AMissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$2,091,829ExpenseAmt
Revenue$1,713,502RevenueAmt
DescTHE SCHOOL WAS ORGANIZED TO PROVIDE CHILDREN OF VARIED ACADEMIC STRENGTHS QUALITY EDUCATIONAL OPPORTUNITIES, PREPARING THEM ACADEMICALLY, SOCIALLY AND EMOTIONALLY TO BECOME CRITICAL THINKERS, HIGH-ACHIEVING STUDENTS AND WELL-ROUNDED INDIVIDUALS. WORKING IN PARTNERSHIP WITH FAMILIES AND COMMUNITY MEMBERS, STOREFRONT ACADEMY INSTILLS A POWERFUL SENSE OF SELF, AND GIVES ITS STUDENTS THE TOOLS TO OWN THE FUTURE AND CREATE MEANINGFUL ADULT LIVES. THE SCHOOL SERVED 97 STUDENTS FOR THE SCHOOL YEAR ENDED JUNE 30, 2016.Desc
Total Program Service Expenses$2,091,829TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Temp Or Permanent Endowments0TempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School OperatingYes (1)SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With Officer Ent0BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document2IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee21EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members11GoverningBodyVotingMembersCnt
Independent Voting Member11IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesYes (1)DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1MARIE LUCASBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone6464761400PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1423 EAST 138TH STREETAddressLine1Txt
CityBRONXCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10454ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (12 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
JONATHAN STEARNS
CHAIR1.00Yes (X)Yes (X)$0$0$0
WENDY REYNOSO
VICE CHAIR1.00Yes (X)Yes (X)$0$0$0
CARLOS FLYNN
TREASURER1.00Yes (X)Yes (X)$0$0$0
RICHARD BAYLES
TRUSTEE1.00Yes (X)$0$0$0
ANGELA BERGESON
TRUSTEE1.00Yes (X)$0$0$0
RAY CAMERON
TRUSTEE1.00Yes (X)$0$0$0
JASON DUCHIN
TRUSTEE1.00Yes (X)$0$0$0
EILEEN NIEDZWIECKI
TRUSTEE1.00Yes (X)$0$0$0
MICHAEL OFFICER
TRUSTEE1.00Yes (X)$0$0$0
CARRIE SEALY
TRUSTEE1.00Yes (X)$0$0$0
DAN STERNBERG
TRUSTEE1.00Yes (X)$0$0$0
LISETTE NIEVES
PRINCIPAL40.00Yes (X)$82,000$0$8,600
FieldValueIRS element (for citing)
Total Reportable Comp From Org$82,000TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$8,600TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp

Contractor Name ContractorName

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1STOREFRONT ACADEMY HARLEMBusinessNameLine1Txt

Contractor Address ContractorAddress

US Address USAddress

FieldValueIRS element (for citing)
Address Line170 EAST 129TH STREETAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10035ZIPCd
FieldValueIRS element (for citing)
ServicesMANAGEMENT SERVICESServicesDesc
Compensation$496,375CompensationAmt
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K1CntrctRcvdGreaterThan100KCnt
Government Grants$625,726GovernmentGrantsAmt
All Other Contributions$275,349AllOtherContributionsAmt
Total Contributions$901,075TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescPER-PUPIL REVENUEDesc
Business611600BusinessCd
Total Revenue Column$1,713,502TotalRevenueColumnAmt
Related Or Exempt Func Income$1,713,502RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$1,713,502TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$90TotalRevenueColumnAmt
Exclusion$90ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,614,667TotalRevenueColumnAmt
Related Or Exempt Func Income$1,713,502RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$90ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$128,600TotalAmt
Program Services$116,297ProgramServicesAmt
Management And General$12,303ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$976,699TotalAmt
Program Services$884,900ProgramServicesAmt
Management And General$91,799ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$137,415TotalAmt
Program Services$124,269ProgramServicesAmt
Management And General$13,146ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$88,207TotalAmt
Program Services$79,769ProgramServicesAmt
Management And General$8,438ManagementAndGeneralAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$335,401TotalAmt
Program Services$258,044ProgramServicesAmt
Management And General$77,357ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$26,870TotalAmt
Management And General$26,870ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$36,469TotalAmt
Program Services$28,832ProgramServicesAmt
Management And General$7,637ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$198,079TotalAmt
Program Services$195,097ProgramServicesAmt
Management And General$2,982ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$312,188TotalAmt
Program Services$312,188ProgramServicesAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$2,165TotalAmt
Program Services$2,165ProgramServicesAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$18,144TotalAmt
Program Services$11,499ProgramServicesAmt
Management And General$6,645ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$29,656TotalAmt
Program Services$29,656ProgramServicesAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$44,526TotalAmt
Program Services$44,526ProgramServicesAmt

Other Expenses OtherExpensesGrp

FieldValueIRS element (for citing)
DescSTUDENT FIELD TRIPSDesc
Total$3,040TotalAmt
Program Services$3,040ProgramServicesAmt

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$1,547TotalAmt
Program Services$1,547ProgramServicesAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$2,339,006TotalAmt
Program Services$2,091,829ProgramServicesAmt
Management And General$247,177ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$1,926BOYAmt
EOY$35,425EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
EOY$496,348EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$313,074BOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$2,819BOYAmt
EOY$2,400EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$144,201LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$29,656LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$41,640BOYAmt
EOY$114,545EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$359,459BOYAmt
EOY$648,718EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$200,725BOYAmt
EOY$132,598EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
EOY$31,272EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

FieldValueIRS element (for citing)
BOY$123,758BOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$174,739EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$324,483BOYAmt
EOY$338,609EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$34,976BOYAmt
EOY$310,109EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$34,976BOYAmt
EOY$310,109EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$359,459BOYAmt
EOY$648,718EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$275,661ReconcilationRevenueExpnssAmt
Prior Period Adjustments-$528PriorPeriodAdjustmentsAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$144,201OtherCostOrOtherBasisAmt
Depreciation$29,656DepreciationAmt
Book Value$114,545BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$114,545TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescDUE TO MANAGEMENT COMPANYDesc
Amt$174,739Amt
FieldValueIRS element (for citing)
Total Liability$174,739TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$2,614,667TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported$0RevenueNotReportedAmt
Revenue Subtotal$2,614,667RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$2,614,667TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$2,339,006TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$2,339,006ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$2,339,006TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART X, LINE 2:FormAndLineReferenceDesc
ExplanationTHE 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.ExplanationTxt

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (1)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (1)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast Media0PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (1)MaintainRacialCompRecsInd
Maintain Scholarships RecsYes (1)MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (1)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (1)MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts0DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy0DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty0DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs0DiscriminateRaceSchsInd
Discriminate Race Educ Plcy0DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts0DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog0DiscriminateRaceAthltProgInd
Discriminate Race Other Acty0DiscriminateRaceOtherActyInd
Government Financial Aid RcvdYes (1)GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd0GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (1)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE E, PART I, LINE 3THE SCHOOL IS A CHARTER SCHOOL AND SOLICITS STUDENTS THROUGH THE NYS EDUCATION DEPARTMENT.
SCHEDULE E, PART I, LINE 6THE SCHOOL RECEIVED A BOTH FEDERAL AND STATE GRANTS INCLUDING FUNDING FROM THE NYS EDUCATION DEPARTMENT.

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 3EXPLANATION: THE SCHOOL CONTRACTED WITH THE STOREFRONT ACADEMY HARLEM TO PROVIDE MANAGEMENT SERVICES TO THE SCHOOL.
FORM 990, PART VI, SECTION B, LINE 11THE DRAFT OF THE FORM 990 WAS SUBMITTED TO EACH MEMBER OF THE BOARD OF TRUSTEES DURING THE FIRST WEEK OF MAY. ANY ISSUES WERE DISCUSSED WITH THE FINANCE DEPARTMENT AND THE FINAL DRAFT WAS THEN REVIEWED AND APPROVED BY THE FULL BOARD OF TRUSTEES.
FORM 990, PART VI, SECTION B, LINE 12CSTOREFRONT ACADEMY CHARTER SCHOOL SHALL NOT ENTER INTO TRANSACTIONS WHERE THERE IS A CONFLICT OF INTEREST OR POTENTIAL CONFLICT OF INTEREST UNLESS THERE IS A COMPELLING REASON TO DO SO. IF A TRUSTEE OR A FAMILY MEMBER HAS A CONFLICT OF INTEREST IN A PROPOSED TRANSACTION WITH THE CENTER, HE OR SHE MUST MAKE FULL DISCLOSURE BEFORE ANY ACTION ON THE CONTRACT OR TRANSACTION. SUCH DISCLOSURE SHALL BE DOCUMENTED ANNUALLY. ANY TRUSTEE WHO IS AWARE OF A POTENTIAL PERSONAL CONFLICT OF INTEREST WITH RESPECT TO ANY MATTER COMING BEFORE THE BOARD OF TRUSTEES OR ANY COMMITTEE OF THE BOARD MAY BE PRESENT FOR ANY DISCUSSION, BUT SHALL BE EXCUSED FROM ANY VOTING THAT MAY TAKE PLACE IN CONNECTION WITH THE MATTER.
FORM 990, PART VI, SECTION C, LINE 19EXPLANATION: STOREFRONT ACADEMY CHARTER SCHOOL MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
FORM 990, PART XII, LINE 2C:THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.