2016-02-08T09:38:43-06:00 2015-06-30 042571780 ALEXANDER ARONSON FINNING & CO PC 21 EAST MAIN STREET WESTBORO MA 01581 990 2014-07-01 272194956 UP EDUCATION NETWORK INC UPED 6173075980 90 CANAL STREET SUITE 600 BOSTON MA 02114 SCOTT GIVEN CHIEF EXECUTIVE OFFICER 6179799230 2016-02-05 1 CHARLES J WEBB CPA P01584539 5083669100 2016-02-05 2014 2016-04-25 22:37:26Z X SCOTT GIVEN 90 CANAL STREET SUITE 600 BOSTON MA 02114 7133835 0 X WWW.UPEDUCATIONNETWORK.ORG X 2010 DE THE PRINCIPAL INTENT OF THE ORGANIZATION IS TO CONDUCT ACTIVITIES TO ADVANCE EDUCATION REFORM IN PUBLIC SCHOOLS, INCLUDING PUBLIC CHARTER SCHOOLS. SPECIFICALLY, THE ORGANIZATION WILL ENGAGE IN ACTIVITIES TO SUPPORT AND TRANSFORM UNDERPERFORMING SCHOOLS INTO HIGH-PERFORMING SCHOOLS THAT ENSURE ALL STUDENTS, FROM KINDERGARTEN THROUGH HIGH SCHOOL, POSSESS THE ACADEMIC AND SOCIAL SKILLS NECESSARY TO ACHIEVE THEIR FULL POTENTIAL AND THRIVE IN FOUR-YEAR COLLEGES. 9 8 50 350 0 0 4186471 4388580 1716280 2745255 0 0 0 0 5902751 7133835 538222 296936 0 0 2720064 3929882 0 0 132274 961264 1377170 4219550 5603988 1683201 1529847 3040939 4504457 492577 426248 2548362 4078209 X THE PRINCIPAL INTENT OF THE ORGANIZATION IS TO CONDUCT ACTIVITIES TO ADVANCE EDUCATION REFORM IN PUBLIC SCHOOLS, INCLUDING PUBLIC CHARTER SCHOOLS. SPECIFICALLY, THE ORGANIZATION WILL ENGAGE IN ACTIVITIES TO SUPPORT AND TRANSFORM UNDERPERFORMING SCHOOLS INTO HIGH-PERFORMING SCHOOLS THAT ENSURE ALL STUDENTS, FROM KINDERGARTEN THROUGH HIGH SCHOOL, POSSESS THE ACADEMIC AND SOCIAL SKILLS NECESSARY TO ACHIEVE THEIR FULL POTENTIAL AND THRIVE IN FOUR-YEAR COLLEGES. 0 0 4000622 296936 2745255 UP EDUCATION NETWORK (UPEN) IS ONE OF THE FEW SCHOOL MANAGEMENT ORGANIZATIONS IN THE COUNTRY SUCCESSFULLY TACKLING THE CHALLENGES OF IN-DISTRICT SCHOOL TURNAROUND. UPEN HAS RESTARTED AND CONTINUES TO MANAGE THREE SCHOOLS IN BOSTON AND TWO IN LAWRENCE, SERVING 2,600 OF THE STATE'S HISTORICALLY UNDERSERVED STUDENTS. LOCAL SCHOOL DISTRICTS ARE A KEY PARTNER IN UPEN'S WORK TO TRANSFORM CHRONICALLY UNDERPERFORMING DISTRICT SCHOOLS INTO EXTRAORDINARY SCHOOLS.IN SPRING 2015, UP ACADEMY BOSTON STUDENTS WERE AMONG THE 229,500 STUDENTS IN THE STATE OF MASSACHUSETTS TO TAKE THE PARCC EXAM, WHICH IS DESIGNED TO TEST STUDENTS' COLLEGE AND CAREER READINESS. ON THE 2015 PARCC, UP ACADEMY BOSTON STUDENTS WERE #1 IN ACADEMIC GROWTH IN MATH, AS MEASURED BY TRANSITION STUDENT GROWTH PERCENTILE, OR SGP. THIS IS THE FOURTH CONSECUTIVE YEAR OUR STUDENTS HAVE DEMONSTRATED THE MOST GROWTH IN MATH IN THE STATE.OUR OTHER FOUR SCHOOLS TOOK THE MCAS. ON THE 2015 MCAS, UP ACADEMY OLIVER HAD THE LARGEST GAIN IN ENGLISH LANGUAGE ARTS (ELA) PROFICIENCY AMONG ALL PUBLIC SCHOOLS IN MASSACHUSETTS (ELEMENTARY, MIDDLE, AND HIGH SCHOOLS), AND MATH PROFICIENCY INCREASED FIVE-FOLD COMPARED TO THE PRE-RESTART RATES IN 2013 (10% TO 50%). DURING ITS SECOND FULL YEAR AS A FULLY ENROLLED MIDDLE SCHOOL, UP ACADEMY LEONARD ELA PROFICIENCY RATES HAVE INCREASED FROM 36% (PRE-UP) TO 61%. AND IN MATH, PROFICIENCY RATES HAVE INCREASED FROM 13% (PRE-UP) TO 48%. THESE GAINS ARE PARTICULARLY PROMISING GIVEN THAT THE ELL POPULATION HAS GROWN FROM 20% IN 2012 (PRE-UP) TO 29% OF STUDENTS IN 2015 (AS AN UP ACADEMY). IN THE 2014-15 SCHOOL YEAR, UP ACADEMY DORCHESTER MADE A HUGE SHIFT, TRANSITIONING ALL BUT ITS HIGHEST-NEED STUDENTS WITH AUTISM FROM SUBSTANTIALLY SEPARATED CLASSROOMS TO INCLUSIVE CLASSROOMS WITH THEIR GENERAL EDUCATION PEERS. THE SHIFT HAS SO FAR PROVED SUCCESSFUL, WITH ELA PROFICIENCY OF STUDENTS WITH DISABILITIES INCREASING FROM 12% IN 2014 TO 20% IN 2015. IN UP EDUCATION NETWORK'S NEWEST SCHOOL - UP ACADEMY HOLLAND, LAUNCHED IN 2014 - FIFTH GRADE STUDENTS' ELA PROFICIENCY JUMPED FROM 13% TO 42%, AND MATH PROFICIENCY FROM 9% TO 34%.UPEN SUPPORTED ALL FIVE SCHOOLS IN ITS PORTFOLIO, DELIVERING HIGH-QUALITY ACADEMIC AND OPERATIONAL SERVICES, MANAGING DISTRICT GOVERNANCE AND OTHER EXTERNAL STAKEHOLDER RELATIONSHIPS, AND SUPPORTING SCHOOL LEADERSHIP TEAMS IN FUNCTIONAL AREAS SUCH AS SPECIAL EDUCATION, ENGLISH LANGUAGE LEARNING, INNOVATION, AND TALENT MANAGEMENT. 4000622 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 25 0 50 1 0 0 0 0 0 0 0 0 0 0 X 9 8 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MA X SCOTT GIVEN 6177522854 90 CANAL STREET SUITE 600 BOSTON MA 02114 JORDAN MERANUS BOARD MEMBER 4.00 X 0 0 0 FARHAD NANJI CHAIRPERSON 4.00 X X 0 0 0 SCOTT GIVEN CEO/BOARD SECRETARY 45.00 X X 228536 0 1579 YUTAKA TAMURA BOARD MEMBER 4.00 X 0 0 0 REBECCA LEDLEY BOARD MEMBER 4.00 X 0 0 0 MARTIN MANION BOARD MEMBER 4.00 X 0 0 0 JIMMY BERYLSON TREASURER 4.00 X X 0 0 0 KARLA BROOKS BAEHR BOARD MEMBER 4.00 X 0 0 0 JOANNA JACOBSON BOARD MEMBER 4.00 X 0 0 0 TIM NICOLETTE CADO/PRESIDENT 45.00 X 177857 0 1151 RYAN KNIGHT DIRECTOR OF STRATEGY AND EVALUATION 45.00 X 117763 0 4737 CASEY NGO-MILLER DIRECTOR OF SPECIAL EDUCATION 45.00 X 114046 0 2007 ERIN WALSH-HAGAN DIRECTOR OF PRINCIPAL LEADERSHIP 45.00 X 110764 0 13130 NICOLE DORN CHIEF OPERATING AND FINANCIAL OF 45.00 X 124926 0 372 VICTORIA CRIADO DIRECTOR OF SCHOOL OPERATIONS 45.00 X 106180 0 9400 980072 0 32376 7 0 1 0 KROKIDAS & BLUESTEIN 600 ATLANTIC AVENUE BOSTON MA 02210 LEGAL SERVICES 182413 INSOURCE SERVICES INC 148 LINDEN STREET WELLESLEY MA 02482 ACCOUNTING & TECHNOLOGY SERVICES 135048 BELLWETHER EDUCATION PARTNERS 517 BOSTON POST ROAD 171 SUDBURY MA 01776 RECRUITING SERVICES 106150 3 109575 4279005 4388580 SERVICE FEES 900099 2745255 2745255 2745255 7133835 2745255 0 0 296936 296936 232295 127762 85949 18584 3219466 2278069 856361 85036 199114 139014 54205 5895 279007 194468 76169 8370 132397 92281 40116 42563 13327 29236 3000 3000 440514 315744 124770 137004 95492 37803 3709 150498 104898 42149 3451 151095 105305 41257 4533 42666 29738 12928 7346 5120 2226 41585 28993 11344 1248 40904 28510 11167 1227 RECRUITING 74159 56938 17221 0 PROFESSIONAL DEVELOPMEN 72514 62825 9689 0 MISCELLANEOUS 40925 25202 15502 221 5603988 4000622 1471092 132274 170873 2910611 1782938 2500 540000 326150 404773 515861 400000 52860 150250 293972 94887 89495 199085 3040939 4504457 278497 276295 214080 70980 40241 38732 492577 426248 X 2098362 3773209 450000 305000 2548362 4078209 3040939 4504457 1529847 0 X X 0 1 X 1 0 X 1793090 853468 2988534 4186471 4388580 14210143 1793090 853468 2988534 4186471 4388580 14210143 3727173 10482970 14210143 0.73770 0.81540 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 3000 3000 0 PART II-B, LINE 1: PAYMENT TO THE KAROL GROUP, INC. FOR $3,000. 0 1 X 98051 2842 95209 195921 92045 103876 199085 X 7133835 0 7133835 0 7133835 5603988 0 5603988 0 5603988 PART IV, LINE 2B: THE ORGANIZATION ACTS AS A FISCAL AGENT FOR BOSTON PUBLIC SCHOOLS IN CONNECTION WITH ITS MANAGEMENT CONTRACT WITH UP ACADEMY HOLLAND (UAH). AS OF JUNE 30, 2015, FUNDS HELD FOR OTHERS CONSIST OF AMOUNTS HELD ON BEHALF OF UAH, WHICH HAVE NOT YET BEEN SPENT. PART X, LINE 2: THE ORGANIZATION ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ASC TOPIC, INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE ORGANIZATION HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS AT JUNE 30, 2015. THE ORGANIZATION'S INFORMATIONAL RETURNS ARE SUBJECT TO EXAMINATION BY THE FEDERAL AND STATE JURISDICTIONS AND GENERALLY REMAIN OPEN FOR THE MOST RECENT THREE YEARS. 1 UP ACADEMY HOLLAND 272194956 23459 PASS-THROUGH UP ACADEMY CHARTER SCHOOL OF LEONARDOLIVER (LAWRENCE PUBLIC SCHOOLS) 046001394 37827 WORKING CAPITAL UP ACADEMY CHARTER SCHOOL OF DORCHESTER 462404287 16050 PASS-THROUGH UP ACADEMY CHARTER SCHOOL OF BOSTON 450625911 219600 PASS-THROUGH 4 PART I, LINE 2: THE GRANTS TO UP ACADEMY LEONARD AND UP ACADEMY OLIVER WERE ALL DISBURSED IN THE FORM OF IN-KIND PURCHASES. THESE PURCHASES MUST FOLLOW UP'S FISCAL POLICIES AND PROCEDURES, AND SPENDING IS MONITORED THROUGH MONTHLY BUDGET REPORTS TO THE UP BOARD AND QUARTERLY REPORTS TO THE SCHOOL'S DIRECTOR OF OPERATIONS. THE GRANTS TO UP ACADEMY BOSTON, UP ACADEMY DORCHESTER AND UP ACADEMY HOLLAND SPECIFIED RESTRICTIONS, IF ANY, ON THE GRANT FUNDS IN THE GRANT LETTERS. UP EDUCATION NETWORK REGULARLY REVIEWS UAB, UAD, AND UAH'S ACTIVITY AGAINST THESE RESTRICTIONS WHEN COMPILING MONTHLY FINANCIAL STATEMENTS. X X X X 0 0 0 0 0 0 0 0 0 SCOTT GIVEN CEO/BOARD SECRETARY 200786 0 27750 0 0 0 0 0 1579 0 230115 0 0 0 TIM NICOLETTE CADO/PRESIDENT 177857 0 0 0 0 0 0 0 1151 0 179008 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 A DRAFT VERSION OF THE 990 IS PROVIDED TO ALL BOARD MEMBERS FOR THEIR REVIEW VIA EMAIL AND PRIOR TO FINAL SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REQUIRES ITS DIRECTORS, MANAGEMENT AND KEY EMPLOYEES TO COMPLETE AN ANNUAL DISCLOSURE FORM IDENTIFYING ANY RELATIONSHIPS, POSITIONS, OR CIRCUMSTANCES IN WHICH THE RESPONSIBLE PERSON IS INVOLVED THAT HE OR SHE BELIEVES COULD CONTRIBUTE TO A CONFLICT OF INTEREST ARISING. FORM 990, PART VI, SECTION B, LINE 15A IN DETERMINING THE CEO'S SALARY, MEMBERS OF THE ENTIRE BOARD USED A COMPREHENSIVE PROCESS. THIS PROCESS BEGAN IN SPRING 2013 AND CONCLUDED IN SEPTEMBER 2013, WHEN THE CEO'S FY14 COMPENSATION WAS UNANIMOUSLY APPROVED BY BOARD VOTE. THE PROCESS INCLUDED A BOARD WORKING GROUP (FARHAD NANJI AND JORDAN MERANUS) THAT STUDIED AND ANALYZED VARIOUS COMPENSATION-RELATED FACTORS. THE WORKING GROUP MADE AN INITIAL CEO COMPENSATION RECOMMENDATION AT THE JUNE 2013 BOARD MEETING. THE BOARD DISCUSSED AND MODIFIED THIS RECOMMENDATION AT ITS JUNE AND AUGUST BOARD MEETINGS, AND ULTIMATELY APPROVED THE CEO'S COMPENSATION AT ITS SEPTEMBER 2013 BOARD MEETING. THE FACTORS THAT THE WORKING GROUP AND BOARD CONSIDERED INCLUDED: 1. COMPARABLE DATA AND PERSPECTIVES OF OTHERS IN THE FIELD 2. TURNAROUND CONTEXT 3. BACKGROUND AND EXPERIENCE OF CEO 4. FINANCIAL FEASIBILITY OF CEO COMPENSATION INCREASES IN 2014, WE TOOK THIS PROCESS A STEP FURTHER AND PARTICIPATED IN A COMPENSATION STUDY OF CHARTER MANAGEMENT ORGANIZATIONS THAT GAVE US COMPARABILITY DATA FOR CEO, PRESIDENT/EXECUTIVE DIRECTOR, CHIEF, AND DIRECTOR SALARIES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAIABLE UPON REQUEST. PART XII, LINE 2C THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS IS RESPONSIBLE FOR OVERSIGHT OF THE AUDIT UP EDUCATION NETWORK, INC.'S FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT.