2016-05-13T14:10:26-07:00 2015-06-30 Koch Group & Co LLP 333 Seventh Avenue Floor 8 New York NY 100015118 990 2014-07-01 743161540 INTERNATIONAL LEADERSHIP CHARTER SCHOOL INTE 7185622300 322 WEST 231ST BRONX NY 10463 DR ELAINE RUIZ LOPEZ CEO 2016-05-13 true MIAOLING LIN P00431817 2126310700 2014 2016-08-17 19:52:53Z DR ELAINE RUIZ LOPEZ 322 WEST 231ST BRONX NY 10463 4700743 false false X www.ilchs.org X 2006 NY THE INTERNATIONAL LEADERSHIP CHARTER SCHOOL ("THE SCHOOL"), A 501(c)(3) TAX-EXEMPT ORGANIZATION, IS A PUBLIC CHARTER HIGH SCHOOL LOCATED IN BRONX, NEW YORK. THE SCHOOL OPENED IN JANUARY 2006 AND CURRENTLY OPERATES CLASSES FOR NINTH TO TWELVE GRADE. 6 5 41 20 0 268173 227654 4165448 4446419 1780 7436 10872 19234 4446273 4700743 0 0 1839762 2036466 0 32323 2850349 2588618 4690111 4625084 -243838 75659 20121333 20362758 18867647 19029364 1253686 1333394 THE INTERNATIONAL LEADERSHIP CHARTER SCHOOL ("THE SCHOOL"), A 501(c)(3) TAX-EXEMPT ORGANIZATION, IS A PUBLIC CHARTER HIGH SCHOOL LOCATED IN BRONX, NEW YORK. THE SCHOOL OPENED IN JANUARY 2006 AND CURRENTLY OPERATES CLASSES FOR NINTH TO TWELVE GRADE. THE SCHOOL'S CHARTER WAS RENEWED ON JUNE 16, 2015 FOR AN ADDITIONAL FIVE YEARS. THE MISSION OF THE SCHOOL IS TO PREPARE THE YOUNG MEN AND WOMEN OF THE BRONX NOT ONLY FOR THE DEMANDS OF HIGHER EDUCATION, BUT ALSO FOR LEADING LIVES OF MEANING. ITS TEACHING PHILOSOPHY PROVIDES POWERFUL LEARNING EXPERIENCES THAT STRESS ENGAGEMENT, DISCOVERY, AND THE ACTIVE APPLICATION OF LEARNING OF THE WORLD AROUND US. false false 2925306 4161489 THE SCHOOL IMPLEMENTS AN ACADEMICALLY RIGOROUS REGENTS AND COLLEGE-PREPARATORY CURRICULUM THAT ELEVATES STUDENTS' INTELLECTUAL CAPACITY AND PROVIDES A SUPERIOR HIGH SCHOOL EDUCATION THAT HAS GAINED NATIONAL RECOGNITION PROVING THAT OUR ACADEMICALLY RIGOROUS PROGRAM IS EFFECTIVE, DEDICATED TO EMPOWERING TOMORROW'S LEADERS. IN 2013, THE SCHOOL PLACED IN THE TOP 1% OF HIGH SCHOOLS (#6 OUT OF 500 NYC HIGH SCHOOLS) AND WAS THE RECIPIENT OF A BRONZE AWARD FROM THE US NEWS & WORLD REPORT FOR BEST HIGH SCHOOLS 2013 NATIONALLY. THE SCHOOL'S ACADEMIC PROGRAM HAS PRODUCED A SCHOOL WITH A GRADUATION RATE OF 96.2% (THE MAJORITY OF WHOM MATRICULATED INTO A 4-YEAR COLLEGE OR UNIVERSITY)AND REGENT EXAM SCORES HIGHER THAN SCHOOLS IN ITS DISTRICT AND THE STATE. ON MARCH 21, 2013 THE SCHOOL BECAME THE FIRST CHARTER SCHOOL TO SUCCESSFULLY CLOSE ON A $17,750,000 MUNICIPAL BOND FINANCING ISSUED BY BUILD NYC FOR A NEW FACILITY. WE HAVE A STRATEGIC 18 MONTH PLAN FOR THE DESIGN AND CONSTRUCTION OF A STATE OF THE ART SCHOOL FACILITY. THE NEW FACILITY WILL BE A 28,500 SQUARE FOOT, THREE-STORY, STATE OF THE ART FACILITY THAT WILL CONTAIN 17 CLASSROOMS AND NINE FLEX ROOMS, SUPPORTING STUDENT ACTIVITIES AND DEVELOPMENT SPACE, AND WITH THE CAPACITY TO ACCOMMODATE APPROXIMATELY 400 STUDENTS. THIS WILL ALLOW THE SCHOOL TO EXPAND ITS STUDENT CURRENT ENROLLMENT TO 400 STUDENTS. THE NEW FACILITY WILL BE LOCATED ON TWO CONTIGUOUS PARCELS TOTALING 15,400 SQUARE FEET AT 322 WEST 231ST STREET IN THE KINGSBRIDGE NEIGHBORHOOD OF THE BRONX, ONLY A FEW BLOCKS AWAY FROM THE SCHOOL'S CURRENT LOCATION IN THE MARBLE HILL NEIGHBORHOOD. THE SCHOOL HAS AN EXTENDED SCHOOL DAY THAT FEATURES 60 AND 90 MINUTE CLASS PERIODS. STUDENTS RECEIVE 180 MINUTES PER WEEK IN EACH CORE SUBJECT, WHICH ACCORDING TO MANAGEMENT IS VIEWED FAVORABLY BY BOTH PARENTS AND TEACHERS. FURTHER SUPPORTING STUDENTS, THE SCHOOL OFFERS AFTER-SCHOOL TUTORING, AND DURING JANUARY STUDENTS ARE REQUIRED TO ATTEND 'SATURDAY ACADEMY' FOR THREE HOURS. THE PURPOSE OF SATURDAY ACADEMY IS TO PROVIDE STUDENTS WITH SUBJECT INTENSIVE STUDY FOR REGENTS EXAMS. 17450 Senior Dues 2925306 true true false false false false false false false false true false false true true true true false true false false false false false false false false false false true true false false false false false false false false false false false false false false false false false false false false true 8 0 false 41 true false false false false false false false false 0 false false false false false false false false false false X 6 5 false false false false false false false true true false false true true true true true true true false false NY X X X DRELAINE RUIZ LOPEZ 7185622300 322 WEST 231ST BRONX NY 10463 JOHN-PAUL GONZALEZ Chairman 2.50 0.00 X X 0 0 0 DR ELAINE RUIZ LOPEZ CEO 60.00 0.00 X X 166925 0 15500 LUPITA SAMUELS Secretary 2.50 0.00 X X 0 0 0 ANA KOESSLER Treasurer 2.50 0.00 X X 0 0 0 ELISSA RAMOS MEMBER 2.50 0.00 X 0 0 0 DOREEN BERMUDEZ PARENT REP. 2.50 0.00 X 0 0 0 166925 15500 1 false true false PROCIDA CONSTRUCTION CORP OF NY 456 EAST 173RD STREET BRONX NY 10457 CONSTRUCTION 4195013 PERKINS EASTMAN ARCHITECT 115 5TH AVENUE NEW YORK NY 10003 ARCHITECT 344201 JONES LANG LASALLE AMERICAS INC 330 MADISON AVENUE NEW YORK NY 10017 PROJECT MGMT FEES 182761 3 219654 8000 227654 PER PUPIL FUNDING 611710 4446419 4446419 4446419 7436 7436 0 0 0 0 0 0 0 MISCELLANEOUS REVENUE 900099 1784 1784 SENIOR DUES 900099 17450 17450 19234 4700743 4446419 26670 0 0 0 0 166926 116848 46739 3339 0 1172764 862095 300679 9990 0 137013 100118 35531 1364 559763 409032 145162 5569 0 42807 42807 44500 44500 0 0 0 114530 66000 48530 38935 38935 41892 41892 0 0 711550 519946 184524 7080 18892 13805 4899 188 0 0 473665 473665 0 51213 51213 82586 60347 21417 822 UTILITIES 161718 118171 41938 1609 CURRICULUM AND TEXTBOOK 157888 157888 STUDENT MEALS 145114 145114 OTHER EXPENSES 135706 62571 73135 367622 212544 152716 2362 4625084 2925306 1667455 32323 71572 71307 682734 30695 0 92406 40224 0 0 0 0 934 64034 2744209 152395 2606702 2591814 0 0 0 604060 16666985 16960624 20121333 20362758 1017647 529200 17750000 17750000 100000 100000 650164 18867647 19029364 X 1253686 1333394 1253686 1333394 20121333 20362758 X 75659 4049 X false true X true false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2530000 2530000 214209 152395 61814 2591814 CONSTRUCTION IN PROGRESS 11022455 RESTRICTED CASH HELD BY TRUSTEE 5795432 SECURITY DEPOSITS 142737 16960624 accrued interest payable 511200 CONSTRUCTION COSTS PAYABLE 58701 line of credit payable 80263 650164 X 4700743 4700743 4700743 4621035 4621035 4049 4049 4625084 Part X : FIN48 Footnote In January 2006 The School filed and received approval of its application for tax exempt status from the Internal Revenue Service under section 501(c)(3) of the Internal Revenue code and has been classified as a publicly supported organization as described in Internal Revenue Code section 509 (A)(1) and 170 (B)(1)(A)(II).Management believes that the organization has no uncertain tax positions that would require financial statement recognition. The School is no longer subject to income tax examination by federal, state or local tax authorities for years before 2011, which is the standard statute of limitations look-back period. Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/S DEPRECIATION $4049 true true true true true true true false false false false false false false false true false true Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized The school is required to adhere to the provisions of Section 2854 (2) of the Education Law to guide the admission policies and procedures.The school is open to any student who is qualified under the laws of New York for admission to a public school. Admission of students will be not be limited on the basis of intellectual ability, measures of achievement or aptitude, athletic ability, disability, race, creed, national origin, religion, ancestry, proficiency in English or any other ground that would be unlawful.Admission to ILCH is free & open to all students eligible to attend public school in NYC. Schedule E, Line 4 - Explanation of Records and Materials Not Maintained Schedule E, Line 5 - Explanation of Organization Discrimination by Race X false false false false false false false false false false DR ELAINE RUIZ LOPEZ CEO 166925 15500 182425 A BUILD NYC RESOURCE CORP 454040561 12008EBC9 2013-03-01 2920000 SPEC.LIMITED REV.OBLIGATIONS false false false B BUILD NYC RESOURCE CORP 454040561 12008EBD7 2013-03-01 5360000 SPEC.LIMITED REV.OBLIGATIONS false false false C BUILD NYC RESOURCE CORP 454040561 12008EBB1 2013-03-01 9470000 SPEC.LIMITED REV.OBLIGATIONS false false false A 265000 17750000 624890 13552455 true false false false A false false false false false false true A false false false false false false false true Part VI On March 21, 2013, Build NYC Resource Corporation provided construction and permanent financing through the issuance of $17,750,000 in Tax-Exempt Revenue Bonds (the Series 2013 Bonds), with principal amounts, interest rates and maturity dates as follows: PrincipalAmounts Interest Rates Due Dates$ 2,920,000 5.00% July 1, 2023 5,360,000 5.75% July 1, 2033 9,470,000 6.00% July 1, 2043 The proceeds from the sale of the Bonds, together with other available funds, were used to (1) refinance or reimburse the School for certain costs of acquiring, constructing, renovating, equipping and furnishing its future educational facility; (2) fund the Service Reserve Fund established under the indenture in an amount equal to the Debt Service Reserve Fund Requirement of the Bonds; (3) cover interest on the Bonds during construction for a period of sixteen months; and (4) pay certain costs of issuing the Series 2013 Bonds.The Bonds are secured by the pledge and assignment to the Trustee of the Trust Estate for the benefit of the holders of the Bonds. The obligations of the School under the loan agreement are secured by the mortgages assigned to the Trustee for the benefit of the holders of the Bonds.Interest on the Bonds is payable initially on July 1, 2013 and semiannually thereafter on each January 1st and July 1st computed on the basis of a 360-day year of twelve 30-day months. The amount of the interest that was capitalized as it related to the financing of the Schools facility was $551,999 for the year ended June 30, 2015.Principal and interest payments due on the Bonds by fiscal year are as follows:Fiscal year endedPrincipal Interest Total2016 $265,000 1,015,775 1,280,7752017 280,000 1,002,150 1,282,1502018 290,000 987,900 1,277,9002019 305,000 973,020 1,278,0252020 320,000 957,400 1,277,4002021 and thereafter 16,290,000 14,133,663 30,423,663 INTERNATIONAL LEADERSHIP CHARTER SCHOOL USED The proceeds from the sale of the Bonds, together with other available funds, were used to (1) refinance or reimburse the School for certain costs of acquiring, constructing, renovating, equipping and furnishing its future educational facility; (2) fund the Service Reserve Fund established under the indenture in an amount equal to the Debt Service Reserve Fund Requirement of the Bonds; (3) cover interest on the Bonds during construction for a period of sixteen months; and (4) pay certain costs of issuing the Series 2013 Bonds.The Bonds are secured by the pledge and assignment to the Trustee of the Trust Estate for the benefit of the holders of the Bonds. The obligations of the School under the loan agreement are secured by the mortgages assigned to the Trustee for the benefit of the holders of the Bonds. Form 990, Part VI, Line 11b: Form 990 Review Process A DRAFT OF THE FEDERAL FORM 990 IS FIRST REVIEWED BY THE CONTROLLER OF THE MANAGEMENT COMPANY. THE FINAL DRAFT OF THE FED FORM 990 IS THEN CIRCULATED TO BOARD MEMBERS FOR THEIR REVIEW AND COMMENTS PRIOR TO THE SIGNING AND FILING OF THE FEDERAL FORM 990 WITH THE IRS. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available ALL FINANCIAL STATEMENTS AND TAX RETURNS ARE OPEN FOR PUBLIC INSPECTION UPON REQUEST. ALL FINANCIAL STATEMENTS AND TAX RETURNS ARE SUBMITTED TO GRANT-MAKING GOVERNMENT AGENCIES. ALSO, THE ORGANIZATION TIMELY FILES ITS NYS CHAR 500 ANNUAL REPORT WITH THE OFFICE OF THE NY STATE ATTORNEY GENERAL. THE NYSOAG POSTS THE ORGANIZATION'S FINANCIAL STATEMENTS, FED 990 TAX RETURN AND THE NYS CHAR 500 ON ITS CHARITITES BUREAU INTERNET WEBSITE. Other Changes In Net Assets Or Fund Balances - Other Increases Depreciation adjustment = $4049