2016-04-04T11:38:58-05:00 2015-06-30 721396621 CARR RIGGS & INGRAM LLC 3501 N CAUSEWAY BLVD STE 810 METAIRIE LA 70002 990 2014-07-01 263202807 SUCCESS PREPARATORY ACADEMY SUCC 5043736200 2011 BIENVILLE STREET NEW ORLEANS LA 70112 KATHRYN CONEYBEAR DIRECTOR OF FINANCE 5043736200 2016-04-04 1 JACK B KASE CPA PFS P00040367 5048379116 2014 2016-08-17 19:52:53Z NILOY GANGOPADHYAY 2011 BIENVILLE STREET NEW ORLEANS LA 70112 6589002 0 X WWW.SUCCESSPREPARATORY.ORG X 2008 LA TO DEVELOP COLLEGE BOUND STUDENTS FOR LEADERSHIP AND LIFELONG LEARNING. 15 15 98 171 0 0 5852562 6589002 0 0 0 0 0 0 5852562 6589002 0 0 0 0 3225388 3982234 0 0 0 2292491 2570257 5517879 6552491 334683 36511 2399470 2377662 513351 455032 1886119 1922630 TO DEVELOP COLLEGE BOUND STUDENTS FOR LEADERSHIP AND LIFELONG LEARNING. 0 0 4283335 INSTRUCTIONAL EXPENSES INCURRED, FOR EXAMPLE, TEACHERS SALARIES AND CLASSROOM MATERIALS AND SUPPLIES. 4283335 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 X 10 0 1 98 1 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 X KATHRYN CONEYBEAR 5049410185 2011 BIENVILLE STREET NEW ORLEANS LA 70112 BLAKE POOLE MEMBER-AT-LARGE 2.00 X 0 0 0 KATHRYN BROUSSARD MEMBER-AT-LARGE 2.00 X 0 0 0 ROBERT EDGECOMBE MEMBER-AT-LARGE 2.00 X 0 0 0 JACK CAREY MEMBER-AT-LARGE 2.00 X 0 0 0 LEE ADLER BOARD CHAIR 7.00 X X 0 0 0 AVIONE PICHON SECRETARY 2.00 X X 0 0 0 ANDERSON BAKER MEMBER-AT-LARGE 2.00 X 0 0 0 RYAN BATES VICE-CHAIR/TREASURER 2.50 X X 0 0 0 AVERY CORENSWET MEMBER-AT-LARGE 2.00 X 0 0 0 SHAWN PREAU MEMBER-AT-LARGE 2.00 X 0 0 0 GARY CARTER MEMBER-AT-LARGE 2.00 X 0 0 0 KING LOGAN MEMBER-AT-LARGE 2.00 X 0 0 0 BEN BLANCHARD MEMBER-AT-LARGE 2.00 X 0 0 0 BLANCHE DEE MCCLOSKEY MEMBER-AT-LARGE 2.00 X 0 0 0 TANYA ROBINSON MEMBER-AT-LARGE 2.00 X 0 0 0 LOUIS RODRIGUEZ MEMBER-AT-LARGE 2.00 X 0 0 0 NILOY GANGOPADHYAY CO FOUNDER/SCHOOL DIRECTOR 45.00 X 111841 0 7728 DANIEL O'CONNELL DIR OF FINANCE & OPERATION 45.00 X 71184 0 5555 KATHRYN CONEYBEAR DIRECTOR OF FINANCE 0.00 X 0 0 0 183025 0 13283 1 0 0 0 REVOLUTION FOODS PO BOX 742759 LOS ANGELES CA 90074 FOOD SERVICES 580960 FIRST LINE SCHOOLS 330 N BROAD ST STE 207 NEW ORLEANS LA 70119 BUS TRANSPORTATION 535727 2 6522174 66828 6589002 6589002 0 0 0 196824 120085 76739 3785410 3549066 236344 27174 27174 403197 331656 71541 5618 5618 50818 50818 5425 947 4478 247 247 28792 28792 FOOD SERVICE 610850 610850 BUS SERVICE 602726 602726 SUPPLIES 282030 243172 38858 PURCHASED PROP SERVICES 251001 251001 302379 38409 263970 6552491 4283335 2269156 0 1659071 1552156 361597 364592 261854 357156 85525 103023 31423 735 2399470 2377662 513351 455032 513351 455032 X 1837830 1897630 48289 25000 1886119 1922630 2399470 2377662 36511 0 X 0 1 X 0 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 6683902 94900 94900 6589002 0 6589002 6647391 94900 94900 6552491 0 6552491 PART X, LINE 2: ON JANUARY 1, 2009, SUCCESS PREP ADOPTED A STANDARD RELATING TO THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE TAX EFFECT FROM AN UNCERTAIN TAX POSITION CAN BE RECOGNIZED IN THE FINANCIAL STATEMENTS, ONLY IF THE POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED ON AUDIT, BASED ON THE TECHNICAL MERITS OF THE POSITION. SUCCESS PREP RECOGNIZES THE FINANCIAL STATEMENT BENEFITS OF A TAX POSITION ONLY AFTER DETERMINING THAT THE RELEVANT TAX AUTHORITY WOULD BE MORE LIKELY THAN NOT SUSTAIN THE POSITION FOLLOWING AN AUDIT. FOR TAX POSITIONS MEETING THE MORE LIKELY THAN NOT THRESHOLD, THE AMOUNT RECOGNIZED IN THE FINANCIAL STATEMENTS IS THE LARGEST BENEFIT THAT HAS A GREATER THAN 50 PERCENT LIKELIHOOD OF BEING REALIZED, UPON ULTIMATE SETTLEMENT WITH THE RELEVANT TAX AUTHORITY. AT THE ADOPTION DATE, SUCCESS PREP APPLIED THE NEW ACCOUNTING STANDARD TO ALL TAX POSITIONS FOR WHICH THE STATUTE OF LIMITATIONS REMAINED OPEN. SUCCESS PREP DID NOT MAKE ANY ADJUSTMENT TO BEGINNING NET ASSETS AS A RESULT OF THE IMPLEMENTATION OF THE ACCOUNTING STANDARD. BASED ON ITS EVALUATION, SUCCESS PREP HAS CONCLUDED THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS REQUIRING RECOGNITION IN ITS FINANCIAL STATEMENTS. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 STUDENT REGISTRATION AND ENROLLMENT OCCURS THROUGH A CENTRALIZED PROCESS THAT IS MANAGED BY THE RECOVERY SCHOOL DISTRICT. SUCCESS PREPARATORY ACADEMY PUBLICIZES ITS NONDISCRIMINATORY POLICY AS IT RELATES TO STUDENT ENROLLMENT ON THE SCHOOL WEBSITE (SUCCESSPREPARATORY.ORG). SCHEDULE E, PART I, LINE 6 SUCCESS PREPARATORY ACADEMY IS A CHARTER SCHOOL IN NEW ORLEANS. IT RECEIVES ASSISTANCE PRIMARILY FROM THE UNITED STATES DEPARTMENT OF EDUCATION AND THE LOUISIANA STATE DEPARTMENT OF EDUCATION. KATHRYN BROUSSARD BOARD MEMBER 0 KATHRYN BROUSSARD, BOARD MEMBER, IS A FORMER SENIOR VICE-PRESIDENT AND SENIOR BANKER IN THE NEW ORLEANS MARKET BANKING DIVISION OF JP MORGAN CHASE BANK. SUCCESS PREPARATORY ACADEMY HOLDS 2 CHECKING AND 1 SAVINGS ACCOUNT WITH JP MORGAN CHASE BANK. 0 LEE ADLER BOARD MEMBER 6240 LEE ADLER, BOARD CHAIRPERSON, IS A PARTNER AT PHELPS DUNBAR, L.L.P. ("LAW FIRM"). THE SCHOOL ENGAGED THE LAW FIRM FOR LEGAL SERVICES ON BEHALF OF ITS EMPLOYEES. THE LAW FIRM PERFORMED THE LEGAL SERVICES ON A PRO BONO BASIS, AND BILLED THE SCHOOL FOR THE RELATED OUT-OF-POCKET EXPENSES (BEING $6,240) IN PERFORMING THE SERVICES. THE LEGAL SERVICES WERE NOT PERFORMED BY MR. ADLER, BUT RATHER ANOTHER LAWYER AT THE LAW FIRM. 0 FORM 990, PART V, LINE 1C NO 1099-MISC RECIPIENTS WERE SUBJECT BACKUP WTIHHOLDING FORM 990, PART VI, SECTION A, LINE 7A EXISTING MEMBERS OF THE BOARD OF DIRECTORS MUST NOMINATE NEW MEMBERS. NEW MEMBERS ARE THEN APPROVED BY THE VOTE OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B THE LOUISIANA DEPARTMENT OF EDUCATION AND STATE BOARD OF ELEMENTARY AND SECONDARY EDUCATION HAS SELECTIVE OVERSIGHT OVER BOARD DECISIONS. ANY BOARD DECISIONS MAY BE SUBJECT TO APPROVAL AND COMPLIANCE WITH DEPARTMENT POLICIES AND DIRECTIVES. FORM 990, PART VI, SECTION B, LINE 11 LINE 11A EXPLANATION - EACH BOARD MEMBER RECEIVES A DRAFT COPY OF THE 990 AND EXAMINES FOR ITEMS THAT MAY BRING UP DISCUSSION WITH OTHER MEMBERS AND/OR TAX PREPARER. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY IS UPDATED AS CONFLICTS ARISE FOLLOWING INITIAL CLEARANCE FOR BOARD OF DIRECTOR ELECTIONS. FORM 990, PART VI, SECTION B, LINE 15A OFFICER SALARY ORIGINALLY WAS DETERMINED BY THE NON-PROFIT ENTITY'S THIRD PARTY LEADERSHIP PROGRAM, NEW SCHOOLS FOR NEW ORLEANS. OFFICERS PARTICIPATED IN THE PROGRAM DURING THE 2008-09 SCHOOL YEAR. THE ORIGINAL SALARY WAS BASED ON THE AVERAGE SALARIES BY POSITION AT THAT TIME. THEREAFTER, THE BOARD HAS RAISED THE OFFICERS SALARIES 2-4% ANNUALLY BASED ON INDIVIDUAL OFFICER PERFORMANCE EVALUATIONS. OTHER STAFF SALARIES ARE BASED ON THE 2008-09 RECOVERY SCHOOL DISTRICT SALARY SCLE PLUS 10% TO ACCOUNT FOR AN EXTENDED SCHOOL YEAR. EACH SUBSEQUENT YEAR, THERE HAS BEEN A 2-3% COST OF LIVING INCREASE. FORM 990, PART VI, SECTION C, LINE 19 SUCCESS PREPARATORY ACADEMY MAKES ALL BOARD MEETING AGENDAS AND MINUTES PUBLIC BY POSTING ON THEIR WEBSITE, WWW.SUCCESSPREPARATORY.ORG.