2016-05-09T14:53:41-05:00 2015-06-30 420714325 RSM US LLP 1185 AVENUE OF THE AMERICAS NEW YORK NY 100362602 990 2014-07-01 061581474 BRONX PREPARATORY CHARTER SCHOOL BRON 7182940841 3872 THIRD AVENUE BRONX NY 10457 BRIAN BERGER ACTING BOARD CHAIR 7182940841 2016-05-09 1 STEVEN LAPSKER P00850484 2123721000 2014 2016-08-17 19:52:53Z NANCY GARVEY 3872 THIRD AVENUE BRONX NY 10457 12051912 0 X BPHS.DEMOCRACYPREP.ORG X 2000 NY BRONX PREPARATORY IS A CHARTER SCHOOL LOCATED IN THE SOUTH BRONX SERVING GRADES 5 THORUGH 12. 13 13 168 19 0 0 74590 330005 10273876 11699542 17076 1551 9155 20814 10374697 12051912 0 0 0 0 8334580 7396159 0 0 0 3891155 5088268 12225735 12484427 -1851038 -432515 3392029 16528657 788087 749153 2603942 15779504 THE 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. 0 0 11272336 11699542 BRONX 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. 11272336 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 49 0 1 168 1 0 0 0 0 0 0 0 0 0 0 X 13 13 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X GREG SPREEMAN 3475045811 3872 THIRD AVENUE BRONX NY 10457 X X NANCY GARVEY CO-CHAIR 1.00 X 0 0 0 DEBBIE EVANGELAKOS CO-CHAIR 1.00 X 0 0 0 BRIAN BERGER MEMBER 1.00 X 0 0 0 YULIANA KIM-GRANT MEMBER - THRU 1/15/15 1.00 X 0 0 0 PHILIP WHARTON MEMBER 1.00 X 0 0 0 PHILIP GELSTON MEMBER - THRU 5/28/15 1.00 X 0 0 0 KRISTEN MCLEOD MEMBER - THRU 5/18/15 1.00 X 0 0 0 DAVID ROMAN MEMBER 1.00 X 0 0 0 RAVI SURIA MEMBER - THRU 5/31/15 1.00 X 0 0 0 MARICRUZ ALVARADO MEMBER 1.00 X 0 0 0 DONNA SANDERS MEMBER 1.00 X 0 0 0 KAVITA DOLAN MEMBER - THRU 11/11/14 1.00 X 0 0 0 RICHARD SCHUBART MEMBER - THRU 9/16/14 1.00 X 0 0 0 KATIE DUFFY MEMBER 1.00 X 0 0 0 MARGARET DELLA MEMBER 1.00 X 0 0 0 TENICKA BOYD MEMBER 1.00 X 0 0 0 ROGER BERG MEMBER 1.00 X 0 0 0 SARA KAUFMAN MEMBER 1.00 X 0 0 0 ERHARD MARIUS MEMBER 1.00 X 0 0 0 NATHANIEL HIGGINS MS ASST PRINCIPAL 40.00 X 120473 0 9728 ANGELINA VENTURA MATH TEACHER/COACH 40.00 X 100575 0 13951 221048 0 23679 2 0 0 0 DEMOCRACY PREP PUBLIC SCHOOLS 1767 PARK AVENUE 3RD FLOOR NEW YORK NY 10035 MANAGEMENT 1007217 KAPLAN HIGHER EDUCATION CORP PO BOX 203882 DALLAS TX 75320 TUTORING 259940 REVOLUTION FOODS INC PO BOX 742759 LOS ANGELES NY 90074 STUDENT MEALS 192873 EXECUTIVE CLEANING SERVICE CORPORATION PO BOX 702 ELMSFORD NY 10523 CLEANING 183547 CITADEL NY INC 62 WILLIAM STREET 6TH FLOOR NEW YORK NY 10005 TECH SUPPORT 182591 7 330005 112050 330005 STATE & LOCAL PER PUPIL 611110 11036298 11036298 OTHER GOV'T GRANTS 611110 663244 663244 11699542 1551 1551 OTHER INCOME 900099 20814 20814 20814 12051912 11699542 0 22365 6058248 5453668 604580 87250 78543 8707 698855 629113 69742 551806 496739 55067 1714702 1543232 171470 35381 35381 48622 48622 372280 353816 18464 105355 94821 10534 186193 167574 18619 263111 236800 26311 4855 4370 485 667427 600684 66743 95346 85811 9535 FACILITY MAINTENANCE 447323 402591 44732 STUDENT MEAL 393527 393527 CLASSROOM BOOKS AND SUP 317808 311214 6594 COLLEGE PREP PROGRAM 173933 173933 262405 245900 16505 12484427 11272336 1212091 0 400462 37243 805615 310173 114519 794099 18875 86174 16346962 1823366 1275263 14523596 777295 777372 3392029 16528657 386604 675676 23912 377571 73477 788087 749153 X 2603942 2430384 13349120 2603942 15779504 3392029 16528657 X -432515 13608077 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 13608077 458957 13149120 1876771 817945 1058826 720543 482144 238399 141571 64320 77251 14523596 CAPITAL LEASE OBLIGATION 73477 73477 X 12051912 0 12051912 0 12051912 12484427 0 12484427 0 12484427 PART X, LINE 2: THE 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. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 UPON 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 6 THE 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. X 65939 FAIR MARKET VALUE X NETWORK SERVER, SWITCHES, TELEPHONE, ONLINE SVC 1 46111 0 0 0 PART I, COLUMN (B): IN PART I, COLUMN B, REPRESENTS THE NUMBER OF DONORS. FORM 990, PART VI, SECTION A, LINE 3 IN 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 11 THE 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 12C EACH 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 15 THE 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 19 BY 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.