2016-05-11T11:40:17-05:00 2015-06-30 131517563 LOEB & TROPER LLP 655 THIRD AVENUE 12TH FLOOR NEW YORK NY 10017 990 2014-07-01 132940671 STOREFRONT ACADEMY HARLEM STOR 2124272862 70 EAST 129TH STREET NEW YORK NY 10035 J ALEXANDER CASTRO CHIEF OPERATIONS OFFICER 2124272862 2016-05-10 1 ERIC GOLDFARB P01277125 2128674000 2014 2016-08-17 19:52:53Z JULIO ALEX CASTRO 70 EAST 129TH STREET NEW YORK NY 10035 4166725 0 X WWW.STOREFRONTACADEMY.ORG X 1966 NY STOREFRONT ACADEMY HARLEM IS AN INDEPENDENT, TUITION-FREE SCHOOL IN HARLEM COMMITTED TO PROVIDING A COMPREHENSIVE EDUCATION TO CHILDREN WITH VARIED ACADEMIC STRENGTHS FROM PRE-SCHOOL THROUGH 8TH GRADE. OUR WORK IS GROUNDED ON THE CONVICTION THAT EVERY CHILD DESERVES THE OPPORTUNITY FOR AN EXCELLENT EDUCATION. WE WORK IN PARTNERSHIP WITH FAMILIES AND COMMUNITY MEMBERS TO PREPARE CHILDREN ACADEMICALLY, SOCIALLY AND EMOTIONALLY FOR FURTHER EDUCATION, EMPOWERING EACH CHILD TO REACH HIS OR HER POTENTIAL. 28 28 94 278 0 0 3462544 3285735 0 118709 143929 5085 -86955 -92110 3519518 3317419 79005 64268 0 0 2919618 2621859 24322 18000 489153 1050033 1026453 4072978 3730580 -553460 -413161 6338910 5884877 356027 302026 5982883 5582851 X STOREFRONT ACADEMY HARLEM IS AN INDEPENDENT, TUITION-FREE SCHOOL IN HARLEM COMMITTED TO PROVIDING A COMPREHENSIVE EDUCATION TO CHILDREN WITH VARIED ACADEMIC STRENGTHS FROM PRE-SCHOOL THROUGH 8TH GRADE. OUR WORK IS GROUNDED ON THE CONVICTION THAT EVERY CHILD DESERVES THE OPPORTUNITY FOR AN EXCELLENT EDUCATION. WE WORK IN PARTNERSHIP WITH FAMILIES AND COMMUNITY MEMBERS TO PREPARE CHILDREN ACADEMICALLY, SOCIALLY AND EMOTIONALLY FOR FURTHER EDUCATION, EMPOWERING EACH CHILD TO REACH HIS OR HER POTENTIAL. 0 0 2782424 64268 0 IN ITS FIFTH DECADE, THE STOREFRONT HAS REPRESENTED THE STRONGEST POSSIBLE CASE FOR PROVIDING EXCEPTIONAL LEARNING OPPORTUNITIES TO UNDERSERVED CHILDREN FOR STUDENTS WITH A WIDE RANGE OF LEARNING ABILITIES. WE ARE PROUD OF THE SUCCESS OF OUR STUDENTS AND THE OPTIONS THIS GIVES THEM FOR HIGH SCHOOL ADMISSIONS. OVER SIXTY STUDENTS ATTEND OUR SUMMER SCHOOL AND AFTERSCHOOL ASSISTANCE PROGRAM. OUR PROGRAM SUPPORTS THE ACADEMIC, SOCIAL AND EMOTIONAL NEEDS OF OUR STUDENTS. OUR PROGRAM INCLUDES ENRICHMENT, CONFLICT RESOLUTION, COMMUNITY SERVICE, SPORTS, MUSIC AND WELLNESS PROGRAMS. NINETY PERCENT OF OUR GRADUATES WILL COMPLETE HIGH SCHOOL AND EIGHTY PERCENT OF THEM WILL ATTEND COLLEGE. 118709 THE SCHOOL IS PROVIDING MANAGEMENT SERVICES TO AN AFFILIATED CHARTER SCHOOL IN THE BRONX. THE SCHOOL BEGAN OPERATING IN THE 2015-2016 SCHOOL YEAR 2782424 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 10 0 94 1 0 0 0 0 0 1 1 0 0 0 0 X 28 28 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X X RENE PENA 2124277900 70 EAST 129TH STREET NY NY 10035 RAY A CAMERON CHAIR- BOARD OF TRUSTEES 1.00 X X 0 0 0 LAUREN MARRUS VICE CHAIR - BOARD OF TRUSTEES 1.00 X X 0 0 0 JEFFREY MUTI VICE CHAIR - BOARD OF TRUSTEES 1.00 X X 0 0 0 ELSIE V AIDINOFF CHAIR EMERITUS 1.00 X X 0 0 0 AMANDA K LOW VICE CHAIR-BOARD OF TRUSTEES 1.00 X X 0 0 0 DORIAN BROWN BOARD MEMBER 1.00 X 0 0 0 PETER EIKENBERRY BOARD MEMBER 1.00 X 0 0 0 JOHN GFORBES BOARD MEMBER 1.00 X 0 0 0 WJ PATRICK CURLEY III BOARD MEMBER 1.00 X 0 0 0 GEORGE J GRUMBACH JR BOARD MEMBER 1.00 X 0 0 0 MILDRED E JONES BOARD MEMBER 1.00 X 0 0 0 CHRISTINE LASALA BOARD MEMBER 1.00 X 0 0 0 CHRISTOPHER MOORE BOARD MEMBER 1.00 X 0 0 0 ELLEN-JANE MOSS BOARD MEMBER 1.00 X 0 0 0 ROBERT T RYLEE III BOARD MEMBER 1.00 X 0 0 0 MICHAEL F STREICKER BOARD MEMBER 1.00 X 0 0 0 HOLLY PETERSON BOARD MEMBER 1.00 X 0 0 0 MICHAEL B STUBBS BOARD MEMBER 1.00 X 0 0 0 ANNE RIVERS BOARD MEMBER 1.00 X 0 0 0 MARIA VECCHIOTTI BOARD MEMBER 1.00 X 0 0 0 GEORGE B WEIKSNER BOARD MEMBER 1.00 X 0 0 0 ANDREW R WIENER BOARD MEMBER 1.00 X 0 0 0 REBY B GULCAN BOARD MEMBER 1.00 X 0 0 0 MIMI SALTZMAN BOARD MEMBER 1.00 X 0 0 0 JONATHAN G STEARNS BOARD MEMBER 1.00 X 0 0 0 GEORGE SUTTLES BOARD MEMBER 1.00 X 0 0 0 JORDAN LIPPNER BOARD MEMBER 1.00 X 0 0 0 AMY WU SILVERMAN BOARD MEMBER 1.00 X 0 0 0 ELISA ISTUETA EXECUTIVE DIRECTOR STARTED ON 7/7/14 40.00 X 56182 0 8777 JULIO ALEX CASTRO ASSISTANT TREASURER / COO 40.00 X 103604 0 8777 RENE E PENA DIRECTOR OF FINANCE 40.00 X 79295 0 0 ALEXIS THOMASON PRINCIPAL STARTED ON 6/1/14 40.00 X 49969 0 8777 KIRKLEY STRAND CHIEF DEVELOPMENT OFFICER 40.00 X 108440 0 8777 397490 0 35108 2 0 0 0 0 835918 443540 2006277 377311 3285735 MANAGEMENT FEES 541200 118709 118709 118709 867 867 34687 26500 8187 8187 8187 684499 680281 4218 4218 4218 21100 835918 142525 -121425 -121425 MISCELLANEOUS 900099 21128 21128 21128 3317419 118709 0 -87025 64268 64268 471924 219024 235554 17346 1736503 1450542 16081 269880 255675 212297 1327 42051 157757 121773 15410 20574 39600 39600 18000 18000 469 469 110383 43373 17492 49518 412046 295516 72684 43846 142823 129539 10820 2464 19836 16410 1945 1481 12819 12344 475 109892 101387 4256 4249 106701 100471 3246 2984 BAD DEBT 40000 40000 STUDENT ACTIVITIES 14933 14933 16951 547 119 16285 3730580 2782424 459003 489153 219227 59274 4035840 3271277 117633 218749 12424 319486 24937 26552 4498676 2735816 1710597 1762860 218252 226679 6338910 5884877 356027 302026 356027 302026 X 3631431 3375499 503921 284821 1847531 1922531 5982883 5582851 6338910 5884877 -413161 13129 0 X X 0 1 X 1 0 X 5654577 4194766 3944567 3462544 3285735 20542189 5654577 4194766 3944567 3462544 3285735 20542189 2283030 18259159 8243 12825 11586 4723 35554 72931 16996 14241 10361 6100 21128 68826 20683946 118709 0.88280 0.87360 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2106267 75000 16978 95000 2103245 2473695 5000 222572 595000 2106267 2422822 159623 108750 2473695 2535270 15000 -18698 108750 2422822 2509478 7500 192488 174196 2535270 0.06820 0.91410 0.01770 0 0 123920 123920 3243925 1742869 1501056 1130831 992947 137884 1762860 X 3664724 13129 165620 169025 347774 3316950 469 469 3317419 4064756 165620 169025 334645 3730111 469 469 3730580 PART V, LINE 4: THE ENDOWMENT FUNDS ARE TO PROVIDE INCOME TO BE USED FOR THE GRADUATE PROGRAM AND FOR THE OPERATION OF THE SCHOOL. PART X, LINE 2: THE SCHOOL HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PERIODS ENDING JUNE 30, 2012 AND SUBSEQUENT REMAIN SUBJECT TO EXAMINATION BY APPLICABLE TAXING AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: DIRECT COST OF SPECIAL EVENTS 142,525. LEASE EXPENSES 26,500. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT COST OF SPECIAL EVENTS 142,525. LEASE EXPENSES 26,500. X X X X X X 1 SUSAN BELL 11 RIVERSIDE DRIVE SUITE 3AW NEW YORK NY 10023 PLAN, COORDINATE AND MANAGE SPRING GALA 0 537121 18000 519121 537121 18000 519121 NY ANNUAL SPRING GALA 537121 530761 6360 58865 200 3500 20012 COCKTAILS AND POKER 141349 140089 1260 12480 20000 1040 9115 6 171458 165068 6390 6998 9744 571 849928 835918 14010 78343 29944 4540 29698 142525 -128515 1 SCHOLARSHIPS FOR STUDENTS 7 64268 PART I, LINE 2: EACH YEAR, THE HIGH SCHOOL PLACEMENT OFFICER PROVIDES A LIST OF STUDENTS WHO HAVE BEEN APPROVED FOR RECEIVING THIS ASSISTANCE, THE NAMES OF THEIR SCHOOLS AND THE AMOUNT OF ASSISTANCE, AND THIS LIST GIVEN TO THE ASSISTANT TREASURER. WHEN A BILL IS RECEIVED FROM A HIGH SCHOOL, THE ASSISTANT TREASURER CONFIRMS THE STUDENT, SCHOOL AND AMOUNT, AND THEN PAYS IT. IF THERE ARE ANY DISCREPANCIES, THE ASSISTANT TREASURER CONTACTS THE SCHOOL, THE STOREFRONT'S PLACEMENT OFFICER OR HEAD OF SCHOOL, AS NECESSARY, TO CLEAR THEM UP. X 4 343011 SALES PRICE X COMPUTERS 1 34300 REPLACEMENT COST 0 0 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS FORM 990, PART VI, SECTION B, LINE 11 BEFORE THE FORM 990 WAS FILED, A COPY WAS DISTRIBUTED TO THE AUDIT COMMITTEE. AFTER DISTRIBUTION, THE AUDIT COMMITTEE HELD A MEETING TO DISCUSS THE 990, INCLUDING ANY QUESTIONS OR COMMENTS, WHICH THE DIRECTOR OF FINANCE ADDRESSED. AFTER THAT, THE 990 WAS CIRCULATED TO ALL BOARD MEMBERS VIA EMAIL FOR REVIEW. COMMENTS AND QUESTIONS WERE REQUESTED, AND WERE DIRECTED TO THE DIRECTOR OF FINANCE. ONCE THESE WERE ADDRESSED, ANY REVISIONS WERE REDISTRIBUTED TO ALL BOARD MEMBERS. THEN THE FORM 990 WAS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C STOREFRONT ACADEMY HARLEM HAS ADOPTED A CONFLICT OF INTEREST POLICY THAT REQUIRES THAT ANY TRANSACTION WITH INTERESTED PARTIES IS FULLY DISCLOSED. SAH WILL REVIEW THIS POLICY ON AN ANNUAL BASIS. THE CHAIR WILL REPORT TO THE BOARD OF TRUSTEES THAT ALL DISCLOSURE FORMS HAVE BEEN COMPLETED AND WHETHER ANY POTENTIAL CONFLICTS HAVE BEEN DISCLOSED. ALL BOARD MEMBERS, HEAD OF SCHOOL, CHIEF OPERATIONS OFFICER, AND SENIOR FINANCIAL OFFICERS ARE REQUIRED TO COMPLETE THE DISCLOSURE STATEMENT ON AN ANNUAL BASIS. IF AT ANY TIME A BOARD MEMBER OR EMPLOYEE ACQUIRES AN INTEREST IN A MATTER THAT MIGHT POSE A CONFLICT, HE OR SHE SHALL PROMPTLY DISCLOSE SUCH INTEREST IN WRITING. INTERESTED PARTIES WHO HAVE AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST WILL NOT PARTICIPATE IN DECISIONS OR DISCUSSIONS AFFECTING THAT INTEREST AND THE ORGANIZATION. THE BOARD OF TRUSTEES AND KEY EMPLOYEES ARE COVERED UNDER THE CONFLICT OF INTEREST POLICY. THE BUSINESS MANAGER AND ASSISTANT TREASURER ARE INVOLVED IN PROCESSING ALL INVOICES, AND REVIEW EACH TRANSACTION TO CHECK FOR CONFLICTS. IF ONE IS DISCOVERED, IT IS REPORTED TO THE BOARD CHAIR. CONFLICTS AT ANY LEVEL ARE REPORTED TO THE CHAIR. FORM 990, PART VI, SECTION B, LINE 15 SALARY LEVELS ARE APPROVED BY THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES DURING THE ANNUAL BUDGET PROCESS AS DOCUMENTED IN THE MINUTES OF THAT COMMITTEE. MEMBERS OF THE BOARD OF TRUSTEES CHECKED WITH NYSAIS, OUR ACCREDITING ORGANIZATION, AND THE NEW YORK CITY PUBLIC SCHOOL SYSTEM REGARDING CURRENT SALARY LEVELS FOR HEADS OF SCHOOL AND OTHER ADMINISTRATIVE AND TEACHING POSITIONS. THE SEARCH COMMITTEE OF THE BOARD OF TRUSTEES USES A CONSULTING FIRM WHO HAS SPECIALIZED IN RECRUITING FOR NOT- FOR-PROFIT ORGANIZATIONS FOR MORE THAN 10 YEARS. AMONG OTHER THINGS, THEY ADVISED ON SALARY LEVELS BASED ON THEIR EXPERIENCE. THIS WAS LAST DONE IN FISCAL 15. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 2C THIS PROCESS HAS NOT CHANGED FROM PRIOR YEARS.