2016-05-13T09:32:02-05:00 2015-06-30 042571780 ALEXANDER ARONSON FINNING & CO PC 21 EAST MAIN STREET WESTBORO MA 01581 990 2014-07-01 010790110 EXCELLENCE ACADEMIES FOUNDATION INC EXCE 7186406355 826 BROADWAY 9TH FLOOR NEW YORK NY 10003 DIANE FLYNN CHIEF FINANCIAL & OPERATING OFFICER 7186406355 2016-05-12 1 JOHN BUCKLEY CPA P00830631 5083669100 2016-05-10 2014 2016-08-17 19:52:53Z DIANE FLYNN 826 BROADWAY 9TH FLOOR NEW YORK NY 10003 26471225 0 X WWW.UNCOMMONSCHOOLS.ORG X 2003 DE TO SUPPORT THE CHARITABLE PURPOSE OF THE SUPPORTED ORGANIZATION, UNCOMMON SCHOOLS, INC.; A RELATED INTERNAL REVENUE CODE SECTION 501(C)(3) TAX-EXEMPT ORGANIZATION. 3 2 0 0 0 0 750000 26420032 58519 51140 52 53 0 0 808571 26471225 0 0 0 0 0 0 0 0 0 1623853 1982459 1623853 1982459 -815282 24488766 28962181 52694141 25971815 25215009 2990366 27479132 X TO SUPPORT THE CHARITABLE PURPOSE OF THE SUPPORTED ORGANIZATION, UNCOMMON SCHOOLS, INC.; A RELATED INTERNAL REVENUE CODE SECTION 501(C)(3) TAX EXEMPT ORGANIZATION, BY ENGAGING IN ACTIVITIES DIRECTED TO THE DEVELOPMENT OF INNOVATIVE SCHOOLS, ESPECIALLY CHARTER PUBLIC SCHOOLS. IN PARTICULAR, EXCELLENCE ACADEMIES FOUNDATION, INC., WHICH SUPPORTS THE START-UP, PROGRAM DEVELOPMENT, AND PROGRAM IMPLEMENTATION OF EXCELLENCE BOY'S CHARTER SCHOOL OF BEDFORD STUYVESANT AND THE ACQUISITION AND DEVELOPMENT OF PROPERTY TO BE USED BY EXCELLENCE BOY'S CHARTER SCHOOL OF BEDFORD STUYVESANT, A CHARTER PUBLIC SCHOOL THAT OPENED IN THE BEDFORD STUYVESANT NEIGHBORHOOD OF BROOKLYN, NEW YORK IN AUGUST 2004. 0 0 1832851 51140 EXPENSES INCURRED IN CARRYING OUT THE CHARITABLE PURPOSES OF THESUPPORTED ORGANIZATION, UNCOMMON SCHOOLS, INC.; A INTERNALREVENUE CODE SECTION 501(C)(3) TAX-EXEMPT ORGANIZATION, BYENGAGING IN ACTIVITIES DIRECTED TO THE DEVELOPMENT OF INNOVATIVESCHOOLS, ESPECIALLY CHARTER PUBLIC SHCOOLS. IN PARTICULAR, THEORGANIZATION SUPPORTS THE SUCCESSFUL START-UP, PROGRAMDEVELOPMENT, AND PROGRAM IMPLEMENTATION OF EXCELLENCE BOY'SCHARTER SCHOOL OF BEDFORD STUYVESANT AND THE ACQUISISTION ANDDEVELOPMENT OF PROPERTY TO BE USED BY EXCELLENCE STUYVESANTNEIGHBORHOOD OF BROOKLYN, NEW YORK IN AUGUST 2004. 1832851 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 2 0 1 0 0 0 0 0 0 0 0 0 0 0 X 3 2 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X DIANE FLYNN 7186406355 826 BROADWAY 9TH FLOOR NEW YORK NY 10003 NORMAN ATKINS DIRECTOR 5.00 2.00 X 0 0 0 PAUL TUDOR JONES II CHAIRMAN 5.00 X X 0 0 0 BRETT PEISER DIRECTOR/ CEO 5.00 42.00 X X 0 273403 17183 CAROLYN HACK CFO/COO 1.00 40.00 X 0 205459 9392 PAUL BAMBRICK SANTOYO MANAGING DIRECTOR-NEWARK 1.00 40.00 X 0 193060 16642 JULIE KENNEDY MANAGING DIRECTOR-NEW YORK 1.00 40.00 X 0 210036 18496 JOSHUA PHILLIPS MANAGING DIRECTOR-UPSTATE 1.00 40.00 X 0 207020 18400 JULIE JACKSON MANAGING DIRECTOR- NEW YOR 1.00 40.00 X 0 212804 15520 DANA LEHMAN MANAGING DIRECTOR-BOSTON 1.00 40.00 X 0 189816 18470 BARBARA MARTINEZ CHIEF EXTERNAL OFFICER 1.00 40.00 X 0 161438 13342 LAURA LEE MCGOVERN CHIEF OF STAFF 1.00 40.00 X 0 165494 16577 TARA MARLOVITS COO-UNCOMMON NYC 1.00 40.00 X 0 160000 20523 MICHAEL AMBRIZ COO- NORTH STAR ACADEMY 1.00 40.00 X 0 160000 8956 ANNA HALL COO- UNCOMMON UPSTATE NY 1.00 40.00 X 0 145000 23011 LAURA MAESTAS CHIEF TALENT OFFICER 1.00 40.00 X 0 133188 5429 0 2416718 201941 14 0 1 0 0 26420032 25920032 26420032 REAL ESTATE DEVELOPMENT INCOME 531390 51140 51140 51140 53 53 26471225 51140 0 53 X 50000 50000 7800 7800 6231 6231 258287 258287 12739 12739 688490 688490 873079 873079 83831 83831 MISCELLANEOUS ADMINISTR 1746 1746 INSPECTION FEES 256 256 1982459 1832851 149608 0 1970974 1460025 25122496 33524473 7412853 26991207 26111620 28962181 52694141 51783 86014 25920032 25128995 25971815 25215009 X 2990366 27479132 2990366 27479132 28962181 52694141 24488766 0 X X 0 1 X 1 0 X X 1 UNCOMMON SCHOOLS INC 311488698 7 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 544652 544652 32979821 7412853 25566968 26111620 FINANCING OBLIGATION 25122496 CURRENT PORTION DUE TO RELATED PARTIES 6499 25128995 X PART X, LINE 2: EXCELLENCE ACADEMIES FOUNDATION, INC. 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 CONSOLIDATED FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. EXCELLENCE ACADEMIES FOUNDATION, INC. HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS AT JUNE 30, 2015. EXCELLENCE ACADEMIES FOUNDATION, INC. HAS NO OPEN YEARS PRIOR TO 2010. X X X 0 0 0 0 0 0 0 1 0 BRETT PEISER DIRECTOR/ CEO 0 272903 0 500 0 0 0 3500 0 13683 0 290586 0 0 CAROLYN HACK CFO/COO 0 204959 0 500 0 0 0 3500 0 5892 0 214851 0 0 PAUL BAMBRICK SANTOYO MANAGING DIRECTOR-NEWARK 0 192560 0 500 0 0 0 3500 0 13142 0 209702 0 0 JULIE KENNEDY MANAGING DIRECTOR-NEW YORK 0 209536 0 500 0 0 0 3500 0 14996 0 228532 0 0 JOSHUA PHILLIPS MANAGING DIRECTOR-UPSTATE 0 206520 0 500 0 0 0 3500 0 14900 0 225420 0 0 JULIE JACKSON MANAGING DIRECTOR- NEW YOR 0 212304 0 500 0 0 0 550 0 14970 0 228324 0 0 DANA LEHMAN MANAGING DIRECTOR-BOSTON 0 189316 0 500 0 0 0 3500 0 14970 0 208286 0 0 BARBARA MARTINEZ CHIEF EXTERNAL OFFICER 0 160938 0 500 0 0 0 0 0 13342 0 174780 0 0 LAURA LEE MCGOVERN CHIEF OF STAFF 0 164994 0 500 0 0 0 3500 0 13077 0 182071 0 0 TARA MARLOVITS COO-UNCOMMON NYC 0 159500 0 500 0 0 0 3500 0 17023 0 180523 0 0 MICHAEL AMBRIZ COO- NORTH STAR ACADEMY 0 159500 0 500 0 0 0 3500 0 5456 0 168956 0 0 ANNA HALL COO- UNCOMMON UPSTATE NY 0 144500 0 500 0 0 0 3500 0 19511 0 168011 0 0 PART I, LINE 7 THE AMOUNTS SHOWN ON PART II, COLUMN B(II) REFLECT BONUSES PAID TO THE INDIVIDUALS NOTED HEREIN DURING CALENDAR YEAR 2014. X 1 25290032 FMV AT TIME OF GIFT 0 0 0 FORM 990, PART VI, SECTION A, LINE 7A UNCOMMON SCHOOLS, INC. HAS THE RIGHT TO ELECT THE MEMBERS OF EXCELLENCE ACADEMIES FOUNDATION, INC.'S BOARD OF DIRECTORS AS DEFINED IN THIS ORGANIZATION'S BYLAWS. FORM 990, PART VI, SECTION B, LINE 11 THE FEDERAL FORM 990 WAS PROVIDED TO THE BOARD OF DIRECTORS OF EXCELLENCE ACADEMIES FOUNDATION, INC. FOR REVIEW BY ITS MEMBERS PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE (IRS). FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY ALL MEMBERS OF THE BOARD OF DIRECTORS ARE REQUIRED TO REVIEW THE EXISTING CONFLICT OF INTEREST POLICY AND COMPLETE A QUESTIONNAIRE. THE COMPLETED QUESTIONNAIRES ARE RETURNED TO UNCOMMON SCHOOLS, INC.'S CHIEF FINANCIAL OFFICER FOR REVIEW. THEREAFTER, UNCOMMON SCHOOLS, INC.'S CHIEF FINANCIAL OFFICER PREPARES A SUMMARY OF THE COMPLETED QUESTIONNAIRES WHICH CONTAINS INFORMATION DISCLOSED ON AN INDIVIDUAL BASIS. UNCOMMON SCHOOLS, INC.'S CHIEF FINANCIAL OFFICER THEN PRESENTS THE SUMMARY TO THE BOARD OF DIRECTORS FOR ITS REVIEW, DISCUSSION AND ANY MITIGATING BEHAVIOR WHERE NECESSARY. FORM 990, PART VI, SECTION B, LINE 15 TWO OF EXCELLENCE ACADEMIES FOUNDATION INC.'S DIRECTORS AND/OR OFFICERS ARE EMPLOYEES OF UNCOMMON SCHOOLS, INC. THESE INDIVIDUALS ARE COMPENSATED ONLY FOR THEIR EMPLOYMENT SERVICES TO UNCOMMON SCHOOLS, INC. THE COMPENSATION IS PAID ONLY BY UNCOMMON SCHOOLS, INC. UNCOMMON SCHOOLS INC.'S BOARD OF DIRECTORS HAS A COMPENSATION COMMITTEE. THE COMPENSATION COMMITTEE COMPLETES A COMPARATIVE ANALYSIS OF SIMILAR ORGANIZATIONS WHICH IT USES AS GUIDANCE WHEN IT REVIEWS AND APPROVES THE COMPENSATION AND BENEFITS OF SENIOR MANAGEMENT. THE COMPENSATION COMMITTEE REVIEW THE "TOTAL COMPENSATION" OF THE INDIVIDUALS WHICH IS INTENDED TO INCLUDE BOTH CURRENT AND DEFFERRED COMPENSATION AND ALL EMPLOYEE BENEFITS, BOTH QUALIFIED AND UNQUALIFIED. THE COMPENSATION COMMITTEE'S REVIEW IS DONE ON AT LEAST AN ANNUAL BASIS AND ENSURES THAT THE "TOTAL COMPENSATION" OF SENIOR MANAGEMENT IS REASONABLE. THE ACTIONS TAKEN BY THE COMPENSATION COMMITTEE ENABLES UNCOMMON SCHOOLS, INC. TO RECEIVE THE REBUTTABLE PRESUMPTION OF REASONABLENESS FOR PURPOSES OF INTERNAL REVENUE CODE 4958 WITH RESPECT TO THE TOTAL COMPENSATION OF CERTAIN MEMBERS OF THE SENIOR MANAGEMENT TEAM. THE THREE FACTORS WHICH MUST BE SATISFIED IN ORDER TO RECEIVE THE REBUTTABLE PRESUMPTION OF REASONABLENESS ARE THE FOLLOWING: 1. THE COMPENSATION ARRANGEMENT IS APPROVED IN ADVANCE BY AN "AUTHORIZED BODY" OF THE APPLICABLE TAX-EXEMPT ORGANIZATION WHICH IS COMPOSED ENTIRELY OF INDIVIDUALS WHO DO NOT HAVE A "CONFLICT OF INTEREST" WITH RESPECT TO THE COMPENSATION ARRANGEMENT. 2. THE "AUTHORIZED BODY" OBTAINED AND RELIED UPON "APPROPRIATE DATA AS TO COMPARABILITY" PRIOR TO MAKING ITS DETERMINATION; AND 3. THE "AUTHORIZED BODY" "ADEQUATELY DOCUMENTED THE BASIS FOR ITS DETERMINATION" CONCURRENTLY WITH MAKING THAT DETERMINATION. THE COMPENSATION COMMITTEE IS COMPRISED OF MEMBER OF THE BOARD OF TRUSTEESDIRECTORS OF UNCOMMON SCHOOLS, INC. EACH OF WHO ARE INDEPENDENT AND ARE FREE FROM ANY CONFLICTS OF INTEREST. THE COMPENSATION COMMITTEE RELIED UPON APPROPRIATE COMPARABLE DATA; SPECIFICALLY THE COMPENSATION COMMITTEE UTILIZES INDUSTRY COMPARABLES AND PERFORMED IN-HOUSE STUDIES OF EXECUTIVE COMPENSATION WITH ASSISTANCE FROM NEWSCHOOLS VENTURE FUND. THE COMPENSATION COMMITTEE ADEQUATELY DOCUMENTED ITS BASIS FOR ITS DETERMINATION THROUGH THE TIMELY PREPARATION OF WRITTEN MINUTES OF THE COMPENSATION COMMITTEE'S MEETINGS WHICH THE EXECUTIVES' COMPENSATION AND BENEFITS WERE REVIEWED AND SUBSEQUENTLY APPROVED. THE ACTIONS OUTLINED ABOVE AND ON PAGE ONE WITH RESPECT TO THE COMPENSATION COMMITTEE AND THE ESTABLISHMENT OF THE REBUTTABLE PRESUMPTION OF REASONABLENESS ONLY APPLIES TO CERTAIN SENIOR MANAGEMENT PERSONNEL. FORM 990, PART VI, SECTION C, LINE 19 EXCELLENCE ACADEMIES FOUNDATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND CONSOLIDATED FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G SECURITY: PROGRAM SERVICE EXPENSES 175,456. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 175,456. CLEANING SERVICES: PROGRAM SERVICE EXPENSES 82,831. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 82,831. FORM 990, PART XII, LINE 2C: THE ORGANIZATION DID NOT CHANGE THE OVERSIGHT PROCESS IN THE TAX YEAR. UNCOMMON SCHOOLS INC 826 BROADWAY 9TH FLOOR NEW YORK NY 10003 311488698 MANAGEMENT SERVICES NJ 501(C)(3) LINE 7 0 UNCOMMON LENDER INC 826 BROADWAY 9TH FLOOR NEW YORK NY 10003 263594129 LENDING SERVICES NJ 501(C)(3) LINE 7 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 UNCOMMON SCHOOLS INC O 50000 FAIR VALUE