BETA

PROSPECT SCHOOLS INC: Form 990, tax year 2014

View the entire original 990 at ProPublica ↗

Organization
PROSPECT SCHOOLS INC (EIN 33-1174065)
Tax period
2014-07-01 to 2015-06-30
Filed
2016-04-07
IRS object ID
201630989349300903
Schema version
2014v6.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2016-04-07T14:15:13-05:00ReturnTs
Tax Period End2015-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN061671819PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1FRUCHTER ROSEN & CO PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1156 WEST 56TH STREET STE 1804AddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10019ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2014-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN331174065EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1PROSPECT SCHOOLS INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlPROSBusinessNameControlTxt
Phone3478897041PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line13002 FORT HAMILTON PARKWAYAddressLine1Txt
CityBROOKLYNCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11218ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDANIEL RUBENSTEINPersonNm
Person TitleTRUSTEEPersonTitleTxt
Phone7189657950PhoneNum
Signature2016-03-08SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonGUS SALIBAPreparerPersonNm
PTINP01243493PTIN
Phone2129573600PhoneNum
Preparation2016-03-08PreparationDt
FieldValueIRS element (for citing)
Tax2014TaxYr
Build TS2016-08-17 19:52:53ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerDANIEL RUBENSTEINPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line13002 FORT HAMILTON PARKWAYAddressLine1Txt
CityBROOKLYNCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11218ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$1,459,461GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressN/AWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2007FormationYr
Legal Domicile StateNYLegalDomicileStateCd
Activity Or MissionTHE ORGANIZATION'S PURPOSE IS TO RAISE FUNDS IN SUPPORT OF NEW YORK CHARTER SCHOOLS.ActivityOrMissionDesc
Voting Members Governing Body3VotingMembersGoverningBodyCnt
Voting Members Independent3VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers50TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$201,181PYContributionsGrantsAmt
CY Contributions Grants$1,430,294CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$608PYInvestmentIncomeAmt
CY Investment Income$731CYInvestmentIncomeAmt
PY Other Revenue$83,123PYOtherRevenueAmt
CY Other Revenue$5,612CYOtherRevenueAmt
PY Total Revenue$284,912PYTotalRevenueAmt
CY Total Revenue$1,436,637CYTotalRevenueAmt
PY Grants And Similar Paid$111,012PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$356,819CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$0PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$3,455CYTotalFundraisingExpenseAmt
PY Other Expenses$19,942PYOtherExpensesAmt
CY Other Expenses$24,195CYOtherExpensesAmt
PY Total Expenses$130,954PYTotalExpensesAmt
CY Total Expenses$381,014CYTotalExpensesAmt
PY Revenues Less Expenses$153,958PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$1,055,623CYRevenuesLessExpensesAmt
Total Assets BOY$507,691TotalAssetsBOYAmt
Total Assets EOY$1,560,193TotalAssetsEOYAmt
Total Liabilities BOY$10,096TotalLiabilitiesBOYAmt
Total Liabilities EOY$6,975TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$497,595NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$1,553,218NetAssetsOrFundBalancesEOYAmt
MissionTHE ORGANIZATION'S PURPOSE IS TO RAISE FUNDS IN SUPPORT OF NEW YORK CHARTER SCHOOLS.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$361,651ExpenseAmt
Grant$356,819GrantAmt
DescPROVIDED GRANT TO BROOKLYN PROSPECT CHARTER SCHOOL TO COVER SPECIFIC PROGRAM EXPENSES.Desc
Total Program Service Expenses$361,651TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Temp Or Permanent Endowments0TempOrPermanentEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising ActivitiesYes (1)FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With Officer Ent0BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee0EmployeeCnt
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo ContributionsYes (1)QuidProQuoContributionsInd
Quid Pro Quo Contri DisclYes (1)QuidProQuoContriDisclInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members3GoverningBodyVotingMembersCnt
Independent Voting Member3IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy0ConflictOfInterestPolicyInd
Whistleblower Policy0WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldNYStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1HILLARY PRINCEBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone3478897041PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line13002 FORT HAMILTON PARKWAYAddressLine1Txt
CityBROOKLYNCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11218ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (3 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
LUYEN CHOU
TRUSTEE1.00Yes (X)$0$0$0
DANIEL RUBENSTEIN
TRUSTEE1.00Yes (X)$0$0$0
PEARL ROCK KANE
TRUSTEE1.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
Fundraising$60,208FundraisingAmt
All Other Contributions$1,370,086AllOtherContributionsAmt
Total Contributions$1,430,294TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$731TotalRevenueColumnAmt
Exclusion$731ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$27,116FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$60,208ContriRptFundraisingEventAmt
Fundraising Direct Expenses$22,824FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column$4,292TotalRevenueColumnAmt
Exclusion$4,292ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescOTHER INCOMEDesc
Business900099BusinessCd
Total Revenue Column$1,320TotalRevenueColumnAmt
Related Or Exempt Func Income$1,320RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$1,320OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,436,637TotalRevenueColumnAmt
Related Or Exempt Func Income$1,320RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$5,023ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$356,819TotalAmt
Program Services$356,819ProgramServicesAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$5,000TotalAmt
Management And General$5,000ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$9,719TotalAmt
Management And General$9,719ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$3,276TotalAmt
Fundraising$3,276FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$5,965TotalAmt
Program Services$4,832ProgramServicesAmt
Management And General$954ManagementAndGeneralAmt
Fundraising$179FundraisingAmt

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$235TotalAmt
Management And General$235ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$381,014TotalAmt
Program Services$361,651ProgramServicesAmt
Management And General$15,908ManagementAndGeneralAmt
Fundraising$3,455FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$254,080EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$507,691BOYAmt
EOY$1,106,113EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$200,000EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$507,691BOYAmt
EOY$1,560,193EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$10,096BOYAmt
EOY$6,975EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$10,096BOYAmt
EOY$6,975EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$454,015BOYAmt
EOY$472,016EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$43,580BOYAmt
EOY$1,081,202EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$497,595BOYAmt
EOY$1,553,218EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$507,691BOYAmt
EOY$1,560,193EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$1,055,623ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$93,341CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$110,311CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$150,164CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$201,181CurrentTaxYearMinus1YearAmt
Current Tax Year$430,294CurrentTaxYearAmt
Total$985,291TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$93,341CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$110,311CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$150,164CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$201,181CurrentTaxYearMinus1YearAmt
Current Tax Year$430,294CurrentTaxYearAmt
Total$985,291TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$75,621SubstantialContributorsTotAmt
Public Support Total170$909,670PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$434CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$454CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$566CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$608CurrentTaxYearMinus1YearAmt
Current Tax Year$731CurrentTaxYearAmt
Total$2,793TotalAmt
FieldValueIRS element (for citing)
Total Support$988,084TotalSupportAmt
Public Support CY1700.92060PublicSupportCY170Pct
Public Support PY1700.94360PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE A, PART VI, LIST OF UNUSUAL GRANTS:DESCRIPTION: DATE: 06/18/15 AMOUNT: 1000000.
PART II, SECTION A, PUBLIC SUPPORT, LINE 1:DURING 2015, PROSPECT RECEIVED AN UNUSUAL GRANT IN THE AMOUNT OF $1,000,000.

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Total Book Value Land Buildings$0TotalBookValueLandBuildingsAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$1,460,576TotalRevEtcAuditedFinclStmtAmt
Donated Services And Use Fclts$1,115DonatedServicesAndUseFcltsAmt
Revenue Not Reported$1,115RevenueNotReportedAmt
Revenue Subtotal$1,459,461RevenueSubtotalAmt
Other Revenues Not Included-$22,824OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt-$22,824RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$1,436,637TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$404,953TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$1,115DonatedServicesUseFcltsAmt
Other Expenses Included$22,824OtherExpensesIncludedAmt
Expenses Not Reported$23,939ExpensesNotReportedAmt
Expenses Subtotal$381,014ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$381,014TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART X, LINE 2:THE ORGANIZATION'S ACCOUNTING POLICY PROVIDES THAT A TAX EXPENSE OR BENEFIT FROM AN UNCERTAIN TAX POSITION MAY BE RECOGNIZED WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION, INCLUDING RESOLUTIONS OF ANY RELATED APPEALS OR LITIGATION PROCESSES, BASED ON THE TECHNICAL MERITS. THE ORGANIZATION HAS NO UNCERTAIN TAX POSITIONS RESULTING IN AN ACCRUAL OF TAX EXPENSE OR BENEFIT.
PART XI, LINE 4B - OTHER ADJUSTMENTS:EXPENSES ON SPECIAL EVENT -22,824.
PART XII, LINE 2D - OTHER ADJUSTMENTS:EXPENSES ON SPECIAL EVENT 22,824.

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1SPRING GALAEvent1Nm
Gross Receipts Event1$87,324GrossReceiptsEvent1Amt
Charitable Contri Event1$60,208CharitableContriEvent1Amt
Gross Revenue Event1$27,116GrossRevenueEvent1Amt
Rent Facility Costs Event1$3,950RentFacilityCostsEvent1Amt
Food And Beverage Event1$10,860FoodAndBeverageEvent1Amt
Other Direct Expenses Event1$8,014OtherDirectExpensesEvent1Amt
Gross Receipts Total$87,324GrossReceiptsTotalAmt
Charitable Contributions Tot$60,208CharitableContributionsTotAmt
Gross Revenue Total Events$27,116GrossRevenueTotalEventsAmt
Rent Fclty Costs Total Events$3,950RentFcltyCostsTotalEventsAmt
Food And Beverage Total Events$10,860FoodAndBeverageTotalEventsAmt
Oth Direct Expnss Total Events$8,014OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$22,824DirectExpenseSummaryEventsAmt
Net Income Summary$4,292NetIncomeSummaryAmt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records Maintained0GrantRecordsMaintainedInd

Recipient Table RecipientTable

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1BROOKLYN PROSPECT CHARTER SCHOOLBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line13002 FORT HAMILTON PARKWAYAddressLine1Txt
CityBROOKLYNCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11218ZIPCd
FieldValueIRS element (for citing)
Recipient EIN263206518RecipientEIN
IRC Section501(C)(3)IRCSectionDesc
Cash Grant$356,819CashGrantAmt
Non Cash Assistance$0NonCashAssistanceAmt
Valuation Method UsedCASHValuationMethodUsedDesc
Non Cash AssistanceN/ANonCashAssistanceDesc
Purpose Of GrantTO SUPPORT SCHOOL OPERATIONS.PurposeOfGrantTxt
FieldValueIRS element (for citing)
Total501c3 Org1Total501c3OrgCnt
Total Other Org0TotalOtherOrgCnt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 1FormAndLineReferenceDesc
ExplanationTHE ORGANIZATION WAS ESTABLISHED TO RAISE FUNDS IN SUPPORT OF THE OPERATIONS OF BROOKLYN PROSPECT CHARTER SCHOOL. EACH YEAR, THE MONEY RAISED AS PART OF THE ORGANIZATION'S ANNUAL FUND IS DONATED TO BROOKLYN PROSPECT CHARTER SCHOOL TO BE SPENT ON GENERAL OPERATING EXPENSES OF THE SCHOOL. THE ORGANIZATION DOES NOT PROVIDE GRANTS OR ASSISTANCE TO ANY ORGANIZATIONS OTHER THAN BROOKLYN PROSPECT CHARTER SCHOOL.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11FORM 990 IS REVIEWED BY THE BOARD OF TRUSTEES FOR APPROVAL. IF CHANGES ARE REQUIRED, THE ORGANIZATION WILL THEN FORWARD TO THE AUDITING FIRM AND A FINAL VERSION WILL BE DISTRIBUTED TO ALL BOARD MEMBERS PRIOR TO THE IRS SUBMISSION.
FORM 990, PART VI, SECTION C, LINE 19THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST.
FORM 990, PART XII, FINANCIAL STATEMENTS AND REPORTING, LINE 2C:THE ORGANIZATION'S BOARD OF TRUSTEES IS RESPONSIBLE FOR OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT AUDITOR.

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