DEMOCRACY PREP NEW YORK CHARTER SCHOOLS: Form 990, tax year 2014

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Organization
DEMOCRACY PREP NEW YORK CHARTER SCHOOLS (EIN 06-1581474)
Tax period
2014-07-01 to 2015-06-30
Filed
2016-05-09
IRS object ID
201611309349302101
Schema version
2014v6.0
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)
Return2016-05-09T14:53:41-05:00ReturnTs
Tax Period End2015-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN420714325PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1RSM US LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11185 AVENUE OF THE AMERICASAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP100362602ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2014-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN061581474EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1BRONX PREPARATORY CHARTER SCHOOLBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlBRONBusinessNameControlTxt
Phone7182940841PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line13872 THIRD AVENUEAddressLine1Txt
CityBRONXCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10457ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonBRIAN BERGERPersonNm
Person TitleACTING BOARD CHAIRPersonTitleTxt
Phone7182940841PhoneNum
Signature2016-05-09SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonSTEVEN LAPSKERPreparerPersonNm
PTINP00850484PTIN
Phone2123721000PhoneNum
FieldValueIRS element (for citing)
Tax2014TaxYr
Build TS2016-08-17 19:52:53ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerNANCY GARVEYPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line13872 THIRD AVENUEAddressLine1Txt
CityBRONXCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10457ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$12,051,912GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressBPHS.DEMOCRACYPREP.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2000FormationYr
Legal Domicile StateNYLegalDomicileStateCd
Activity Or MissionBRONX PREPARATORY IS A CHARTER SCHOOL LOCATED IN THE SOUTH BRONX SERVING GRADES 5 THORUGH 12.ActivityOrMissionDesc
Voting Members Governing Body13VotingMembersGoverningBodyCnt
Voting Members Independent13VotingMembersIndependentCnt
Total Employee168TotalEmployeeCnt
Total Volunteers19TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$74,590PYContributionsGrantsAmt
CY Contributions Grants$330,005CYContributionsGrantsAmt
PY Program Service Revenue$10,273,876PYProgramServiceRevenueAmt
CY Program Service Revenue$11,699,542CYProgramServiceRevenueAmt
PY Investment Income$17,076PYInvestmentIncomeAmt
CY Investment Income$1,551CYInvestmentIncomeAmt
PY Other Revenue$9,155PYOtherRevenueAmt
CY Other Revenue$20,814CYOtherRevenueAmt
PY Total Revenue$10,374,697PYTotalRevenueAmt
CY Total Revenue$12,051,912CYTotalRevenueAmt
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$8,334,580PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$7,396,159CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$3,891,155PYOtherExpensesAmt
CY Other Expenses$5,088,268CYOtherExpensesAmt
PY Total Expenses$12,225,735PYTotalExpensesAmt
CY Total Expenses$12,484,427CYTotalExpensesAmt
PY Revenues Less Expenses-$1,851,038PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$432,515CYRevenuesLessExpensesAmt
Total Assets BOY$3,392,029TotalAssetsBOYAmt
Total Assets EOY$16,528,657TotalAssetsEOYAmt
Total Liabilities BOY$788,087TotalLiabilitiesBOYAmt
Total Liabilities EOY$749,153TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$2,603,942NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$15,779,504NetAssetsOrFundBalancesEOYAmt
MissionTHE MISSION OF BRONX PREPARATORY CHARTER SCHOOL ("BRONX PREP") IS TO EDUCATE RESPONSIBLE CITIZEN-SCHOLARS FOR SUCCESS IN THE COLLEGE OF THEIR CHOICE AND A LIFE OF ACTIVE CITIZENSHIP.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$11,272,336ExpenseAmt
Revenue$11,699,542RevenueAmt
DescBRONX PREPARATORY IS A CHARTER SCHOOL LOCATED IN THE SOUTH BRONX SERVING GRADES 5 THORUGH 12, WAS FOUNDED IN THE BELIEF THAT ALL CHILDREN IN AMERICA DESERVE AN EDUCATION ENABLING THEM TO FULFILL THEIR POTENTIAL AND REALIZE THEIR DREAMS. TO PREPARE OUR STUDENTS FOR ENROLLMENT AT COMPETITIVE COLLEGES, BRONX PREPARATORY IS COMMITTED TO PROVIDING A QUALITY EDUCATION FOR MIDDLE AND HIGH SCHOOL STUDENTS THAT CHALLENGES THEM TO ACHIEVE AT THE HIGHEST LEVELS.Desc
Total Program Service Expenses$11,272,336TotalProgramServiceExpensesAmt
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 ContriYes (1)DeductibleNonCashContriInd
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 Document49IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee168EmployeeCnt
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 Members13GoverningBodyVotingMembersCnt
Independent Voting Member13IndependentVotingMemberCnt
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 CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1GREG SPREEMANBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone3475045811PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line13872 THIRD AVENUEAddressLine1Txt
CityBRONXCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10457ZIPCd
FieldValueIRS element (for citing)
Info In Schedule O Part VIIYes (X)InfoInScheduleOPartVIIInd
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (21 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtHighest Compensated EmployeeHighestCompensatedEmployeeInd
NANCY GARVEY
CO-CHAIR1.00Yes (X)$0$0$0
DEBBIE EVANGELAKOS
CO-CHAIR1.00Yes (X)$0$0$0
BRIAN BERGER
MEMBER1.00Yes (X)$0$0$0
YULIANA KIM-GRANT
MEMBER - THRU 1/15/151.00Yes (X)$0$0$0
PHILIP WHARTON
MEMBER1.00Yes (X)$0$0$0
PHILIP GELSTON
MEMBER - THRU 5/28/151.00Yes (X)$0$0$0
KRISTEN MCLEOD
MEMBER - THRU 5/18/151.00Yes (X)$0$0$0
DAVID ROMAN
MEMBER1.00Yes (X)$0$0$0
RAVI SURIA
MEMBER - THRU 5/31/151.00Yes (X)$0$0$0
MARICRUZ ALVARADO
MEMBER1.00Yes (X)$0$0$0
DONNA SANDERS
MEMBER1.00Yes (X)$0$0$0
KAVITA DOLAN
MEMBER - THRU 11/11/141.00Yes (X)$0$0$0
RICHARD SCHUBART
MEMBER - THRU 9/16/141.00Yes (X)$0$0$0
KATIE DUFFY
MEMBER1.00Yes (X)$0$0$0
MARGARET DELLA
MEMBER1.00Yes (X)$0$0$0
TENICKA BOYD
MEMBER1.00Yes (X)$0$0$0
ROGER BERG
MEMBER1.00Yes (X)$0$0$0
SARA KAUFMAN
MEMBER1.00Yes (X)$0$0$0
ERHARD MARIUS
MEMBER1.00Yes (X)$0$0$0
NATHANIEL HIGGINS
MS ASST PRINCIPAL40.00$120,473$0$9,728Yes (X)
ANGELINA VENTURA
MATH TEACHER/COACH40.00$100,575$0$13,951Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$221,048TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$23,679TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K2IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
DEMOCRACY PREP PUBLIC SCHOOLS
1767 PARK AVENUE 3RD FLOORNEW YORKNY10035MANAGEMENT$1,007,217
KAPLAN HIGHER EDUCATION CORP
PO BOX 203882DALLASTX75320TUTORING$259,940
REVOLUTION FOODS INC
PO BOX 742759LOS ANGELESNY90074STUDENT MEALS$192,873
EXECUTIVE CLEANING SERVICE CORPORATION
PO BOX 702ELMSFORDNY10523CLEANING$183,547
CITADEL NY INC
62 WILLIAM STREET 6TH FLOORNEW YORKNY10005TECH SUPPORT$182,591
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K7CntrctRcvdGreaterThan100KCnt
All Other Contributions$330,005AllOtherContributionsAmt
Noncash Contributions$112,050NoncashContributionsAmt
Total Contributions$330,005TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
STATE & LOCAL PER PUPIL611110$11,036,298$11,036,298
OTHER GOV'T GRANTS611110$663,244$663,244
FieldValueIRS element (for citing)
Total Program Service Revenue$11,699,542TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,551TotalRevenueColumnAmt
Exclusion$1,551ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescOTHER INCOMEDesc
Business900099BusinessCd
Total Revenue Column$20,814TotalRevenueColumnAmt
Exclusion$20,814ExclusionAmt
FieldValueIRS element (for citing)
Other Revenue Total$20,814OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$12,051,912TotalRevenueColumnAmt
Related Or Exempt Func Income$11,699,542RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$22,365ExclusionAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$6,058,248TotalAmt
Program Services$5,453,668ProgramServicesAmt
Management And General$604,580ManagementAndGeneralAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$87,250TotalAmt
Program Services$78,543ProgramServicesAmt
Management And General$8,707ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$698,855TotalAmt
Program Services$629,113ProgramServicesAmt
Management And General$69,742ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$551,806TotalAmt
Program Services$496,739ProgramServicesAmt
Management And General$55,067ManagementAndGeneralAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$1,714,702TotalAmt
Program Services$1,543,232ProgramServicesAmt
Management And General$171,470ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$35,381TotalAmt
Management And General$35,381ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$48,622TotalAmt
Management And General$48,622ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$372,280TotalAmt
Program Services$353,816ProgramServicesAmt
Management And General$18,464ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$105,355TotalAmt
Program Services$94,821ProgramServicesAmt
Management And General$10,534ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$186,193TotalAmt
Program Services$167,574ProgramServicesAmt
Management And General$18,619ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$263,111TotalAmt
Program Services$236,800ProgramServicesAmt
Management And General$26,311ManagementAndGeneralAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$4,855TotalAmt
Program Services$4,370ProgramServicesAmt
Management And General$485ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$667,427TotalAmt
Program Services$600,684ProgramServicesAmt
Management And General$66,743ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$95,346TotalAmt
Program Services$85,811ProgramServicesAmt
Management And General$9,535ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
FACILITY MAINTENANCE$447,323$402,591$44,732
STUDENT MEAL$393,527$393,527
CLASSROOM BOOKS AND SUP$317,808$311,214$6,594
COLLEGE PREP PROGRAM$173,933$173,933

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$262,405TotalAmt
Program Services$245,900ProgramServicesAmt
Management And General$16,505ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$12,484,427TotalAmt
Program Services$11,272,336ProgramServicesAmt
Management And General$1,212,091ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$400,462BOYAmt
EOY$37,243EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$805,615BOYAmt
EOY$310,173EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$114,519BOYAmt
EOY$794,099EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$18,875BOYAmt
EOY$86,174EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$16,346,962LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$1,823,366LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$1,275,263BOYAmt
EOY$14,523,596EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$777,295BOYAmt
EOY$777,372EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$3,392,029BOYAmt
EOY$16,528,657EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$386,604BOYAmt
EOY$675,676EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$23,912BOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$377,571BOYAmt
EOY$73,477EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$788,087BOYAmt
EOY$749,153EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$2,603,942BOYAmt
EOY$2,430,384EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
EOY$13,349,120EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$2,603,942BOYAmt
EOY$15,779,504EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$3,392,029BOYAmt
EOY$16,528,657EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss-$432,515ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$13,608,077OtherChangesInNetAssetsAmt
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 RequiredYes (1)FederalGrantAuditRequiredInd
Federal Grant Audit PerformedYes (1)FederalGrantAuditPerformedInd

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

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$13,608,077OtherCostOrOtherBasisAmt
Depreciation$458,957DepreciationAmt
Book Value$13,149,120BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$1,876,771OtherCostOrOtherBasisAmt
Depreciation$817,945DepreciationAmt
Book Value$1,058,826BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$720,543OtherCostOrOtherBasisAmt
Depreciation$482,144DepreciationAmt
Book Value$238,399BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$141,571OtherCostOrOtherBasisAmt
Depreciation$64,320DepreciationAmt
Book Value$77,251BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$14,523,596TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescCAPITAL LEASE OBLIGATIONDesc
Amt$73,477Amt
FieldValueIRS element (for citing)
Total Liability$73,477TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$12,051,912TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported$0RevenueNotReportedAmt
Revenue Subtotal$12,051,912RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$12,051,912TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$12,484,427TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$12,484,427ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$12,484,427TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART X, LINE 2:FormAndLineReferenceDesc
ExplanationTHE INTERNAL REVENUE SERVICE HAS DETERMINED THAT THE SCHOOL IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE CODE) AND FROM STATE AND LOCAL INCOME TAXES. THE SCHOOL IS SUBJECT TO UNRELATED BUSINESS INCOME TAX (UBIT), IF APPLICABLE. FOR THE YEARS ENDED JUNE 30, 2015 AND 2014, THE SCHOOL DID NOT OWE ANY UBIT.ExplanationTxt

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (1)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (1)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediaYes (1)PlcyPblczdViaBroadcastMediaInd
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 3UPON PUBLICIZING ITS LOTTERY EACH YEAR FOR NEW STUDENTS, BRONX PREPARATORY CHARTER SCHOOL, INCLUDES IN ITS PUBLICATION MATERIAL THE FOLLOWING NONDISCRIMINATORY POLICY: THE SCHOOL SHALL NOT DISCRIMINATE AGAINST A STUDENT ON THE BASIS OF ETHNICITY, NATIONAL ORIGIN, GENDER OR DISABILITY.
SCHEDULE E, PART I, LINE 6THE SCHOOL RECEIVES PER PUPIL FEES FROM THE NYC BOARD OF EDUCATION FOR PROVIDING AN EXTENDED-YEAR CHARTER MIDDLE AND HIGH SCHOOL COLLEGE PREPARATORY EDUCATION TO 734 NYC 5TH - 12TH GRADERS. THE SCHOOL ALSO RECEIVED FEDERAL TITLE I, IIA FUNDS TO ASSIST WITH COVERING THE COSTS OF CERTAIN PROGRAMS.

Schedule M IRS990ScheduleM

Books And Publications BooksAndPublicationsGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Noncash Contributions Rpt F990$65,939NoncashContributionsRptF990Amt
Method Of Determining RevenuesFAIR MARKET VALUEMethodOfDeterminingRevenuesTxt

Other Non Cash Contri Table OtherNonCashContriTableGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
DescNETWORK SERVER, SWITCHES, TELEPHONE, ONLINE SVCDesc
Contribution1ContributionCnt
Noncash Contributions Rpt F990$46,111NoncashContributionsRptF990Amt
FieldValueIRS element (for citing)
Any Property That Must Be Held0AnyPropertyThatMustBeHeldInd
Review Process Unusual NC Gifts0ReviewProcessUnusualNCGiftsInd
Third Parties Used0ThirdPartiesUsedInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, COLUMN (B):FormAndLineReferenceDesc
ExplanationIN PART I, COLUMN B, REPRESENTS THE NUMBER OF DONORS.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (7 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 3IN APRIL 2014, THE SCHOOL ENTERED INTO A MANAGEMENT AGREEMENT WITH DPPS, A NEW YORK NOT-FOR-PROFIT CORPORATION TO ASSUME RESPONSIBILITY FOR THE SCHOOL'S EDUCATIONAL PROCESS, MANAGEMENT AND OPERATIONS. AS COMPENSATION FOR THESE SERVICES RENDERED, THE SCHOOL SHALL PAY TO DPPS AN ANNUAL FEE EQUAL TO 15% OF THE NONCOMPETITIVE PUBLIC REVENUE RECEIVED BY THE SCHOOL IN EACH FISCAL YEAR OF THE INITIAL TERM BEGINNING WITH THE FISCAL YEAR COMMENCING JULY 1, 2014, SUBJECT TO THE PROVISIONS OF THE NEXT PARAGRAPH. THE INITIAL TERM IS FOR TWO YEARS BEGINNING JULY 1, 2014 AND ENDING JUNE 30, 2016. FOLLOWING THE INITIAL TERM, THIS PERCENTAGE WILL DECREASE BY ONE-HALF PERCENT (0.5%) IN EACH RENEWAL TERM UNTIL IT REACHES A MINIMUM OF 12% OF THE NONCOMPETITIVE PUBLIC REVENUE OF THE CHARTER SCHOOL, WHICH PERCENTAGE WILL REMAIN IN EFFECT FOR ALL SUBSEQUENT RENEWAL TERMS. FOR THE YEAR ENDED JUNE 30, 2015, THE SCHOOL INCURRED $1,714,702 IN MANAGEMENT FEES.
FORM 990, PART VI, SECTION B, LINE 11THE 990 IS INITIALLY REVIEWED BY THE AUDIT COMMITTEE OF THE BOARD AND THEN DISTRIBUTED TO EACH BOARD MEMBER FOR ADDITIONAL REVIEW AND COMMENT PRIOR TO SUBMISSION TO THE IRS.
FORM 990, PART VI, SECTION B, LINE 12CEACH TRUSTEE, OFFICER AND KEY EMPLOYEE IS REQUIRED YEARLY TO COMPLETE A DISCLOSURE OF FINANCIAL INTEREST FORM THAT DOCUMENTS EXISTING AND POTENTIAL CONFLICTS OF INTEREST. MANAGEMENT MONITORS POTENTIAL CONFLICTS AND REPORTS, IF NECESSARY, TO BOARD LEADERSHIP.
FORM 990, PART VI, SECTION B, LINE 15THE HEAD OF SCHOOL'S COMPENSATION WAS NEGOTIATED AT THE TIME OF INITIAL EMPLOYMENT IN 2011 BASED ON COMPARABLE DATA PROVIDED BY THE NEW YORK CITY CHARTER SCHOOL CENTER AND NON-PROFIT COORDINATING COMMITTEE SURVEY DATA. SUBSEQUENT INCREASES HAVE BEEN NOMINAL FOR ALL ADMINISTRATORS DUE TO FINANCIAL CIRCUMSTANCES IN NEW YORK STATE PUBLIC SCHOOLS. A PROCESS THAT INCLUDES SURVEY OF COMPARABLE POSITIONS AND PERFORMANCE EVALUATION IS IN PLACE FOR FUTURE YEARS. COMPENSATION OF OTHER OFFICERS AND KEY EMPLOYEES IS DETERMINED BY A NUMBER OF FACTORS, INCLUDING PERFORMANCE EVALUATION AND COMPARISON WITH COMPENSATION INFORMATION FROM THE NEW YORK CITY CHARTER SCHOOL CENTER, THE NEW YORK CITY DEPARTMENT OF EDUCATION, AND THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS. THE BOARD APPROVES COMPENSATION FOR THE HEAD OF SCHOOL AND KEY EMPLOYEES OF THE SCHOOL. CONTEMPORANEOUS SUBSTANTIATION OF THE COMPENSATION DISCUSSIONS AND DETERMINATION REGARDING THE COMPENSATION ARRANGEMENT IS DOCUMENTED IN THE BOARD MINUTES.
FORM 990, PART VI, SECTION C, LINE 19BY LAW, BOARD OF TRUSTEE MEETINGS ARE OPEN TO THE PUBLIC, WITH MEETING TIMES AND LOCATIONS ANNOUNCED PUBLICLY AHEAD OF TIME. MATERIAL DISTRIBUTED AT MEETINGS, INCLUDING BUDGETS AND FINANCIAL STATEMENTS, ARE AVAILABLE TO ALL PRESENT. DETAILED REPORT ON BRONX PREP'S AUTHORIZER VISITS, RENEWAL REPORTS, ACCOUNTABILITY PLAN PROGRESS, AND STATE EDUCATION DEPARTMENT REPORT CARD ARE AVAILABLE ON THE SUNY CHARTER SCHOOLS INSTITUTE WEBSITE: WWW.NEWYORKCHARTERS.ORG UNDER THE FREEDOM OF INFORMATION LAW, INFORMATION IS ALSO AVAILABLE ON-SITE AT THE SCHOOL AND UPON REQUEST. FORM 990 WITHOUT SCHEDULE B IS POSTED ON WWW.GUIDESTAR.ORG.
FORM 990, PART VII, SECTION A:THE ORGANIZATION, IN A FULL TRANSPARENCY POSTURE TO REPORTING, IS REPORTING ALL BENEFITS IN FULL IN PART VII, COLUMN F AND NOT APPLYING THE $10,000 PER ITEM EXCEPTION FOR CERTAIN BENEFITS.
FORM 990, PART XI, LINE 9:NET ASSETS TRANSFERRED TO FRIENDS OF BRONX PREPARTORY CHARTER SCHOOL -1,792,958. RECLASSIFICATION OF NET ASSETS PERTAINING TO INTEREST IN FRIENDS' BUILDING 15,401,035.

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