2016-05-12T09:24:02-05:00 2015-06-30 161092347 MENGEL METZGER BARR & CO LLP 100 CHESTNUT STREET SUITE 1200 ROCHESTER NY 14604 990 2014-07-01 450522191 FRIENDS OF BRONX CHARTER SCHOOL FOR EXCELLENCE INC FRIE 2123721000 1960 BENEDICT AVENUE BRONX NY 10462 JOYCE FROST CHAIRPERSON/PRESIDENT 2123721000 2016-03-02 1 MICHELLE CAIN P00150750 5854231860 2016-03-02 2014 2016-08-17 19:52:53Z JOYCE FROST 1960 BENEDICT AVENUE BRONX NY 10462 902376 0 X WWW.BRONXEXCELLENCE.ORG X 2003 NY FRIENDS OF BRONX CHARTER SCHOOL FOR EXCELLENCE RAISES FUNDS TO SUPPORT THE OPERATIONS OF THE BRONX CHARTER SCHOOL FOR EXCELLENCE. 16 15 0 18 0 0 249334 694519 0 0 420 447 822 7644 250576 702610 24000 57975 0 0 83542 43397 0 0 564 16310 311358 123852 412730 126724 289880 834856 1791872 189956 857092 644900 934780 X THE MISSION OF FRIENDS OF BRONX CHARTER SCHOOL FOR EXCELLENCE IS TO HELP BRONX CHARTER SCHOOL FOR EXCELLENCE FULFILL ITS MISSION OF PREPARING YOUNG PEOPLE FROM NEW YORK CITY TO COMPETE FOR ADMISSION TO, AND SUCCEED IN, TOP PUBLIC, PRIVATE AND PAROCHIAL SCHOOLS THROUGH CULTIVATING THEIR INTELLECTUAL, ARTISTIC, SOCIAL, EMOTIONAL AND ETHICAL DEVELOPMENT. 0 0 342378 57975 900 FRIENDS OF BRONX CHARTER SCHOOL FOR EXCELLENCE RAISES FUNDS TO SUPPORT THE OPERATIONS OF BRONX CHARTER SCHOOL FOR EXCELLENCE. 342378 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 X 16 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X CHARLENE REID 7188287301 1960 BENEDICT AVENUE BRONX NY 10462 DEIRDRE FLYNN TREASURER 2.00 2.00 X X 0 0 0 MICHAEL STERN VICE CHAIR 0.50 1.00 X X 0 0 0 ROBERT LESTER BOARD MEMBER 0.50 X 0 0 0 CHRISTOPHER HALL PART YEAR BOARD MEMBER 0.50 0.50 X 0 0 0 JOYCE FROST CHAIRPERSON/PRESIDENT 2.00 0.50 X X 0 0 0 STEVE KIRSCHENBAUM PART YEAR BOARD MEMBER 0.50 X 0 0 0 CHARLENE REID EXECUTIVE DIRECTOR 5.00 45.00 X X 0 275365 19344 KORY APTON BOARD MEMBER 2.00 X 0 0 0 MARCUS YOUNG BOARD MEMBER 0.50 X 0 0 0 JANET ZAGORIN BOARD MEMBER 0.50 X 0 0 0 KIMBERLY HARTMAN BOARD MEMBER 0.50 X 0 0 0 GRACE CHAO BOARD MEMBER 0.50 X 0 0 0 ANDRA EHRENKRANZ BOARD MEMBER 0.50 X 0 0 0 WILLIE GIEST BOARD MEMBER 0.50 X 0 0 0 FRANK IACONO BOARD MEMBER 0.50 X 0 0 0 KATHY LATHEN BOARD MEMBER 0.50 1.00 X 0 0 0 MICHAEL LEWIS BOARD MEMBER 0.50 X 0 0 0 JUAN MARTINEZ BOARD MEMBER 0.50 X 0 0 0 0 275365 19344 0 0 1 0 0 178225 516294 694519 447 447 206510 178225 199766 6744 6744 OTHER 900099 900 900 900 702610 900 0 7191 X 57975 57975 43397 38616 4781 25042 25042 94352 94192 160 692 692 157 79 74 4 1808 1808 43445 38658 4543 244 11469 6200 5230 39 REPLICATION EXPENSES 121463 97170 24293 PROFESSIONAL DEVELOPMEN 5430 3647 1524 259 OTHER 3799 0 3799 REPAIRS AND MAINTENANCE 2575 2292 269 14 1126 1049 73 4 412730 342378 69788 564 644481 1750931 141175 20000 49200 10931 0 10010 834856 1791872 189956 112923 340000 0 404169 189956 857092 X 598725 934780 46175 0 644900 934780 834856 1791872 289880 0 X X 0 1 X 1 0 X X 1 BRONX CHARTER SCHOOL FOR EXCELLENCE 450507998 2 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 PART IV, SECTION A, LINE 1: THE ORGANIZATION'S MISSION STATEMENT IS TO HELP BRONX CHARTER SCHOOL FOR EXCELLENCE FULFILL ITS MISSION. IN ADDITION BCSE HAS OPERATIONAL CONTROL OVER FRIENDS OF BRONX CHARTER SCHOOL FOR EXCELLENCE VIA COMMON BOARD MEMBERS AND OFFICERS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 DUE TO AFFILIATES 404169 404169 X 12057911 75 11355226 11355301 702610 0 702610 9554126 75 9141321 9141396 412730 0 412730 PART X, LINE 2: THE CHARTER SCHOOL (BRONX CHARTER SCHOOL FOR EXCELLENCE) AND FRIENDS (FRIENDS OF BRONX CHARTER SCHOOL FOR EXCELLENCE) ARE TAX-EXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND APPLICABLE STATE REGULATIONS AND, ACCORDINGLY, ARE EXEMPT FROM FEDERAL AND STATE TAXES ON INCOME. THE CHARTER SCHOOL AND FRIENDS FILE FORM 990 TAX RETURNS IN THE U.S. FEDERAL JURISDITCTION AND FRIENDS FILES IN NEW YORK STATE. THE TAX RETURNS FOR THE YEARS ENDED JUNE 30, 2012 THROUGH JUNE 30, 2015 ARE STILL SUBJECT TO POTENTIAL AUDIT BY THE IRS. THE ORGANIZATION IS NO LONGER SUBJECT TO U.S. FEDERAL OR STATE INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS ENDED PRIOR TO JUNE 30, 2012. MANAGEMENT OF THE ORGANIZATION BELIEVES IT HAS NO MATERIAL UNCERTAIN TAX POSITIONS AND, ACCORDINGLY IT WILL NOT RECOGNIZE ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS. PART XI, LINE 2D - OTHER ADJUSTMENTS: REVENUE FROM BRONX CHARTER SCHOOL FOR EXCELLENCE 11,155,460. DIRECT FUNDRAISING EXPENSES 199,766. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES FROM BRONX CHARTER SCHOOL FOR EXCELLENCE 8,941,555. DIRECT FUNDRAISING EXPENSES 199,766. BLUE RIBBON BENEFIT 253375 178225 75150 119693 1043 6327 72703 253375 178225 75150 119693 1043 6327 72703 199766 -124616 1 SCHOLARSHIPS 18 57975 PART I, LINE 2: STUDENTS COMPLETE THE GRANT REQUIREMENTS BY COMPLETING COMMUNITY SERVICE HOURS OR WORK STUDY HOURS, GIVE PROGRESS REPORTS AND REPORT CARDS TO MAINTAIN ELIGIBILITY. THEY ALSO MUST PROVIDE INFORMATION FROM PARENTS AND SCHOOL ABOUT FINANCIAL NEED. WE ARE IN CONTACT WITH RECEIVING SCHOOLS ABOUT THE SCHOLARSHIPS. THE SCHOLARSHIPS ARE SENT DIRECTLY TO THE SCHOOLS. X X X 0 0 0 0 0 0 0 0 0 CHARLENE REID EXECUTIVE DIRECTOR 0 200365 0 75000 0 0 0 11000 0 8344 0 294709 0 0 FORM 990, PART VI, SECTION B, LINE 11 THE EXECUTIVE DIRECTOR, CHAIRMAN AND TREASURER OF THE BOARD REVIEW THE DRAFT 990 BEFORE IT IS FILED. THE ENTIRE FORM 990 IS EMAILED TO THE COMPLETE BOARD OF TRUSTEES PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS DISTRIBUTED TO OFFICERS, BOARD MEMBERS AND KEY EMPLOYEES ANNUALLY. AFTER REVIEWING, OFFICERS, BOARD MEMBERS AND KEY EMPLOYEES FILL OUT ANNUAL CONFLICT OF INTEREST CERTIFICATION FORMS IN WHICH THEY DISCLOSE ANY CONFLICTS OF INTEREST AND PROHIBITED EXCESS BENEFIT TRANSACTIONS. THE EXECUTIVE ASSISTANT TO THE EXECUTIVE DIRECTOR OF BRONX CHARTER SCHOOL FOR EXCELLENCE IS RESPONSIBLE FOR ENSURING THAT ALL OFFICERS, BOARD MEMBERS AND KEY EMPLOYEES OF FRIENDS OF BRONX CHARTER SCHOOL FOR EXCELLENCE COMPLETE THEIR FORMS AND FOR REVIEWING THE EXCECUTED FORMS FOR ANY PROBLEMATIC CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 FROM TIME TO TIME THE BOARD OF TRUSTEES MUST HIRE KEY EMPLOYEES AND OFFICERS. THE COMPENSATION FOR THESE POSITIONS MUST TAKE INTO CONSIDERATION THE CANDIDATE OR EMPLOYEE'S YEARS OF EXPERIENCE AND HIS OR HER ABILITY TO MEET THE STANDARDS SET BY BCSE FOR THE POSITION. ONCE THE SALARY IS SET, SUBSEQUENT INCREASES WILL BE BASED ON PERFORMANCE AND EXTRAORDINARY PERFORMANCE WILL BE RECOGNIZED THROUGH BONUSES. THE BOARD USES APPLICABLE COMPENSATION SURVEYS LIKE THE ONE PREPARED IN 2007/08 BY THE NEW YORK CITY CENTER FOR CHARTER SCHOOL EXCELLENCE. ADDITIONAL COMPARISONS ARE DERIVED FROM LOOKING AT THE 990'S FOR NON PROFITS OF SIMILAR SIZE AND COMPLEXITY. THIS CROSS COMPARISON PROVIDES SOME BROADER PERSPECTIVE TO ACCOUNT FOR THE EMERGENCE IN CHARTER SCHOOLS OF MORE STABLE AND SEASONED SENIOR STAFF. THE COMPENSATION FOR OTHER MANAGEMENT POSITIONS ARE REVIEWED AND APPROVED AS FOLLOWS: 1. THE EXECUTIVE COMMITTEE REVIEWS AND APPROVES THE ORGANIZATIONAL CHART OF BCSE ESTABLISHING LINES OF ACCOUNTABILITY. 2. THE EXECUTIVE COMMITTEE VERIFIES THE EVALUATION PROCESSES AND PERFORMANCE REVIEW PROCEDURES. 3. THE EXECUTIVE COMMITTEE REVIEWS COMPARATIVE SALARY INFORMATION PROVIDED BY NYC CHARTER CENTER OR OTHER COMPARABLE RESEARCH USING 990'S TO ENSURE THAT THE SALARY STRUCTURE CONTINUES TO ATTRACT AND MAINTAIN QUALITY EMPLOYEES. 4. THE BOARD OF TRUSTEES APPROVES THE SALARY OF THE EXECUTIVE DIRECTOR AS WELL AS SALARY RECOMMENDATIONS MADE BY THE PRESIDENT FOR THE "KEY EMPLOYEES/HIGHEST COMPENSATED INDIVIDUALS". 5. CONTEMPORANEOUS SUBSTANTIATION AND RECORDKEEPING FOR DELIBERATION AND DECISION REGARDING THE COMPENSATION ARRANGEMENT WAS MADE. FORM 990, PART VI, SECTION C, LINE 19 FRIENDS OF BRONX CHARTER SCHOOL FOR EXCELLENCE MAKES ITS GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 94,192. MANAGEMENT AND GENERAL EXPENSES 160. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 94,352. FORM 990, PART XII, LINE 2C: THE PROCESS IS CONSISTENT WITH PRIOR YEAR. BRONX CHARTER SCHOOL FOR EXCELLENCE 1960 BENEDICT AVENUE BRONX NY 10462 450507998 CHARTER SCHOOL NY 501(C)(3) LINE 2 0 STAMFORD CHARTER SCHOOL FOR EXCELLENCE INC ONE SCHULYER AVENUE STAMFORD CT 06902 472465564 CHARTER SCHOOL CT 501(C)(3) LINE 2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 BRONX CHARTER SCHOOL FOR EXCELLENCE P 184444 BOOK