2016-03-02T13:46:45-06:00 2015-06-30 410746749 CLIFTONLARSONALLEN LLP 610 W GERMANTOWN PIKE STE 400 PLYMOUTH MEETING PA 19462 990 2014-07-01 232976339 YOUNG SCHOLARS CHARTER SCHOOL YOUN 2152329727 900 NORTH MARSHALL STREET PHILADELPHIA PA 19123 JESSIKA MCLAUGHLIN CHIEF EXECUTIVE OFFICER 2152329727 2016-02-29 1 BRUCE BRAUNEWELLCPA P00075336 2156433900 2014 2016-08-17 19:52:53Z JESSIKA MCLAUGHLIN 900 NORTH MARSHALL STREET PHILADELPHIA PA 19123 3433338 0 X WWW.PHILLYSCHOLARS.ORG X EDUCATIONAL INSTITUTIONS 1998 PA YOUNG SCHOLARS CHARTER SCHOOL PREPARES MIDDLE SCHOOL STUDENTS TO ATTEND AND SUCCEED IN THE BEST HIGH SCHOOL AND COLLEGES AND YOUNG SCHOLARS PROVIDES OUR STUDENTS WITH A FOUNDATION OF LIFE SKILLS TO BECOME PRODUCTIVE MEMBERS OF THEIR COMMUNITIES. 10 10 33 10 0 0 488877 593728 2786737 2702573 0 0 -13817 -13060 3261797 3283241 0 0 0 0 2038040 1970189 0 0 0 1250680 1295736 3288720 3265925 -26923 17316 451671 719262 182604 4556386 269067 -3837124 YOUNG SCHOLARS CHARTER SCHOOL PREPARES MIDDLE SCHOOL STUDENTS TO ATTEND AND SUCCEED ACADEMICALLY IN THE BEST HIGH SCHOOLS AND COLLEGES, AND YOUNG SCHOLARS PROVIDES OUR STUDENTS WITH A FOUNDATION OF LIFE SKILLS REQUIRED TO BECOME PRODUCTIVE MEMBERS OF THEIR COMMUNITIES. 0 0 2156111 2702573 MIDDLE SCHOOL, GRADES 6-8: YOUNG SCHOLARS USES A FOCUSED, PROGRESSIVE EDUCATIONAL APPROACH DESIGNED SPECIFICALLY TO CLOSE THE ACHIEVEMENT GAP FOR LOW-INCOME STUDENTS WHO COME TO US SEVERELY UNDER-PREPARED. 2156111 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 0 1 0 1 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 7 0 33 1 0 0 0 0 0 0 0 0 0 0 X 10 10 1 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X X SCHOLAR ACADEMIES 2155254141 100 W OXFORD ST SUITE E-2000 PHILADELPHIA PA 19122 WAYNE B WEISMAN CHAIRMAN 1.00 2.00 X X 0 0 0 THOMAS G REBAR TREASURER 1.00 2.00 X X 0 0 0 CARMON M HARVEY SECRETARY 1.00 2.00 X X 0 0 0 JAMES T EGAN MEMBER 1.00 2.00 X 0 0 0 MIRIAM SPECTOR MEMBER 1.00 2.00 X 0 0 0 COURTNEY DISSTON MEMBER 1.00 2.00 X 0 0 0 KEVIN KAN MEMBER 1.00 2.00 X 0 0 0 DANA DWIRANTWI MEMBER 1.00 2.00 X 0 0 0 AL MOTLEY MEMBER 1.00 2.00 X 0 0 0 GAIL TOMASSINI MEMBER 1.00 2.00 X 0 0 0 JESSIKA MCLAUGHLIN CEO 40.00 X 98856 0 39263 LARS BECK CEO OF SCHOLAR ACADEMIES 1.00 40.00 X 0 199375 11963 JANA WILCOX LAVIN COO OF SCHOLAR ACADEMIES 1.00 40.00 X 0 135026 15424 KAREN SMITH CHIEF ACADEMIC OFFICER, SA 1.00 40.00 X 0 144200 16615 JUSTIN WHEELER CFO OF SCHOLAR ACADEMIES 1.00 40.00 X 0 125715 29599 CAROLINE FISHEROW CHIEF ACADEMIC OFFICER, SA 1.00 40.00 X 0 127104 7963 98856 731420 120827 0 0 1 0 0 33338 327665 232725 593728 SCHOOL DISTRICT REV. 611600 2557166 2557166 STATE SUBSIDIES 611600 79575 79575 E-RATE 611600 48360 48360 STUDENT ACTIVITIES 611600 17472 17472 2702573 130467 130467 0 0 5350 33338 19630 -14280 -14280 MISCELLANEOUS 611110 1220 1220 1220 3283241 2702573 0 -13060 147489 73745 73744 1317262 1221102 96160 184721 167152 17569 202115 190881 11234 118602 105588 13014 255717 255717 84406 83086 1320 24050 24050 157096 116774 40322 51811 51811 7178 967 6211 20764 14959 5805 424399 1199 423200 1282 525 757 49621 49621 21930 21930 29932 29932 STUDENT ACTIVITIES 56423 56423 CURRICULUM SUPPLIES 47043 47043 ASSESSMENTS 39993 39993 MISCELLANEOUS 16193 6846 9347 7898 7898 3265925 2156111 1109814 0 186708 128981 88 38 215146 155715 106934 77692 3761 376221 310825 20711 65396 10757 199006 451671 719262 182604 240603 0 4315783 182604 4556386 X 219067 -3862124 50000 25000 269067 -3837124 451671 719262 X 17316 -4123507 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 42098 42098 0 230163 164767 65396 103960 103960 0 65396 PENSION DEFERRED OUTFLOWS 199006 199006 RELATED PARTY PAYABLE 22325 PENSION DEFERRED INFLOWS 809460 NET PENSION LIABILITY 3483998 4315783 3302871 19630 19630 3283241 0 3283241 3285555 19630 19630 3265925 0 3265925 PART XI, LINE 2D - OTHER ADJUSTMENTS: RECLASS SPECIAL EVENT EXPENSES 19,630. PART XII, LINE 2D - OTHER ADJUSTMENTS: RECLASS SPECIAL EVENT EXPENSES 19,630. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 CHARTER SCHOOL LAW PROHIBITS DISCRIMINATION SCHEDULE E, PART I, LINE 6 YOUNG SCHOLARS CHARTER SCHOOL RECEIVES GOVERNMENTAL ASSISTANCE FROM THE COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF EDUCATION. ART AUCTION 38688 33338 5350 19630 38688 33338 5350 19630 19630 -14280 X X X 0 0 0 0 0 0 0 0 0 LARS BECK CEO OF SCHOLAR ACADEMIES 0 199375 0 0 0 0 0 11963 0 0 0 211338 0 0 JANA WILCOX LAVIN COO OF SCHOLAR ACADEMIES 0 135026 0 0 0 0 0 8102 0 7322 0 150450 0 0 KAREN SMITH CHIEF ACADEMIC OFFICER, SA 0 144200 0 0 0 0 0 8652 0 7963 0 160815 0 0 JUSTIN WHEELER CFO OF SCHOLAR ACADEMIES 0 125715 0 0 0 0 0 7543 0 22056 0 155314 0 0 FORM 990, PART VI, SECTION A, LINE 2 WAYNE WEISMAN, CHAIR OF THE YSCS BOARD OF TRUSTEES, AND TOM REBAR, TREASURER, ARE PARTNERS AT SCP PARTNERS. FORM 990, PART VI, SECTION A, LINE 3 PURSUANT TO A CONTRACT WITH THE SCHOOL, SCHOLAR ACADEMIES, A PENNSYLVANIA NONPROFIT CHARTER SCHOOL OPERATOR, EXERCISES COMPREHENSIVE MANAGEMENT AND SUPERVISION OVER THE SCHOOL'S DAY TO DAY OPERATIONS AND OVERALL PERFORMANCE. SCHOLAR ACADEMIES REMAINS ACCOUNTABLE TO THE TRUSTEES OF THE SCHOOL FOR ITS PERFORMANCE UNDER THE CONTRACT. FORM 990, PART VI, SECTION B, LINE 11 THE FINANCE & AUDIT COMMITTEE WILL REVIEW THE FORM 990 IN DETAIL AND PROVIDE ANY COMMENTS AND RECOMMEND IT TO THE BOARD FOR ITS REVIEW AND INPUT. FORM 990, PART VI, SECTION B, LINE 12C ANY POTENTIAL CONFLICT OF INTEREST IS BROUGHT BEFORE THE BOARD TO REVIEW ITS IMPACT ON THE ORGANIZATION. IF THE IMPACT IS DEEMED TO BE SIGNIFICANT, AN APPROPRIATE ACTION TO REMOVE THE CONFLICT WILL BE DETERMINED. FORM 990, PART VI, SECTION B, LINE 15 THE CEO'S COMPENSATION WAS REVIEWED BY THE FINANCE AND AUDIT COMMITTEE OF THE BOARD AS PART OF THE BUDGET REVIEW PROCESS AND PRESENTED TO THE BOARD FOR APPROVAL. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION WILL MAKE AVAILABLE THE ORGANIZATION'S GOVERNING DOCUMENTS, BYLAWS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS UPON REQUEST. FORM 990, PART XI, LINE 9: GASB 68 ADJUSTMENT -4,123,507. FORM 990, PART XII, LINE 2C THERE WERE NO CHANGES FROM THE PRIOR PERIOD. FORM 990, PART XI, LINE 9 DURING THE FISCAL YEAR ENDED JUNE 30, 2015, THE SCHOOL IMPLEMENTED GASB ISSUED STATEMENT NO. 68, ACCOUNTING AND FINANCIAL REPORTING FOR PENSIONS. THE PURPOSE OF THE GASB STATEMENT IS TO ENSURE THAT ALL FUTURE ACTUARIALLY CALCULATED PENSION OBLIGATIONS ARE APPROPRIATELY REFLECTED ON THE ENTITY-WIDE FINANCIAL STATEMENTS INCLUDING THE SCHOOL'S PROPORTIONAL SHARE OF THE ACTUARIAL VALUATION OF THE NET PENSION OBLIGATION OF THE PUBLIC SCHOOL EMPLOYEES' RETIREMENT SYSTEM (PSERS). AS A RESULT, THE SCHOOL WAS REQUIRED TO RECORD A PREVIOUSLY UNREPORTED NET PENSION LIABILITY WHICH RESULTED IN A SIGNIFICANT DECREASE IN NET ASSETS AS OF JULY 1, 2014. THE IMPLEMENTATION OF THE NEW GASB IS NOT A REFLECTION OF THE SCHOOL'S ABILITY TO OPERATE EFFECTIVELY AND MEET CURRENT OBLIGATIONS. YOUNG SCHOLARS FREDERICK DOUGLASS CHARTER SCHOOL 2118 W NORRIS ST PHILADELPHIA PA 19121 800619248 CHARTER SCHOOL PA 501(C)(3) LINE 2 0 DC SCHOLARS PUBLIC CHARTER SCHOOL INC 5601 EAST CAPITOL ST SE WASHINGTON DC 20019 452544052 CHARTER SCHOOL DC 501(C)(3) LINE 2 0 SCHOLAR ACADEMIES 100 W OXFORD STREET SUITE E-2000 PHILADELPHIA PA 19122 371582250 MANAGEMENT AND SUPPORT OF THE NETWORK OF YOUNG SCHOLAR CHARTER SCHOOLS PA 501(C)(3) LINE 7 0 YOUNG SCHOLARS KENDERTON CHARTER SCHOOL 15 W ONTARIO STREET PHILADELPHIA PA 19140 463188964 CHARTER SCHOOL PA 501(C)(3) LINE 2 0 PAUL ROBESON CHARTER SCHOOL 643 INDIANA AVENUE TRENTON NJ 08638 261771106 CHARTER SCHOOL NJ 501(C)(3) LINE 2 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 0