2016-05-11T10:22:45-05:00 2015-06-30 050409384 KAHN LITWIN RENZA & CO LTD 951 NORTH MAIN STREET PROVIDENCE RI 02904 990 2014-07-01 222513598 TIMES2 INC TIME 4012725094 50 FILLMORE STREET PROVIDENCE RI 02908 DR RUDOLPH MOSELEY CURRENT EXECUTIVE OFFICER 4017850446 2016-05-11 1 DEBORAH A HOPKINS P00167843 4012742001 2014 2016-08-17 19:52:53Z DR RUDOLPH MOSELEY 50 FILLMORE STREET PROVIDENCE RI 02908 12563443 0 X WWW.TIMES2.ORG X 1976 RI TO ADDRESS THE NEED FOR MINORITY REPRESENTATION IN THE SCIENCE AND MATH FIELDS. 9 9 53 11 0 0 307862 293666 9517859 9730314 32148 50743 2487 3359 9860356 10078082 0 0 0 0 6218294 6580163 0 0 0 3527396 3445126 9745690 10025289 114666 52793 32620479 32958415 11636452 11921980 20984027 21036435 X CHARTER SCHOOL SPECIALIZING IN SCIENCE AND MATH TO DEVELOP INTELLECTUALLY CURIOUS AND CAPABLE YOUNG PEOPLE WHO ARE SELFLESS CONTRIBUTORS TO BOTH LOCAL AND GLOBAL COMMUNITIES AND WHO ASPIRE TO BE ETHICAL AND COMPASSIONATE LEADERS. 0 0 8885562 9730314 THE PURPOSE OF TIMES2 INCORPORATED IS TO ADDRESS THE CRITICAL STATE AND NATIONAL NEED FOR EQUITABLE REPRESENTATION OF AFRICAN AMERICANS, HISPANICS, AND NATIVE AMERICANS IN CAREERS IN SCIENCE, TECHNOLOGY, ENGINEERING AND MATH (STEM). THE CORPORATION WILL CREATE A LEARNING ENVIRONMENT WHERE ALL CHILDREN, BUT PARTICULARLY STUDENTS OF COLOR, WILL BE EXPOSED TO CHALLENGING, REAL-WORLD APPLICATIONS OF ENGINEERING, MATHEMATICS, AND SCIENCE TO ELICIT AND SOLIDIFY INTERESTS IN RELEVANT CAREERS, PREPARE STUDENTS FOR ACADEMICALLY RIGOROUS WORK IN HIGHER EDUCATION AND BOLSTER THEIR CONFIDENCE SO THAT THEY CAN SUCCEED IN FUTURE STEM-RELATED FIELDS AND CONTRIBUTE GLOBALLY.ELEMENTARY SCHOOL: SOME OF THE ACCOMPLISHMENTS ACHIEVED IN 2015 INCLUDE: INQUIRY-BASED LEARNING DRIVEN BY FULL OPTION SYSTEM SCIENCE KITS WAS APPLIED TO GRADES ONE THROUGH SIX. THIS STUDENT-CENTERED, ACTIVE LEARNING APPROACH FOCUSES ON QUESTIONING, CRITICAL THINKING AND PROBLEM SOLVING.STUDENTS WERE EDUCATED ABOUT GROWING PLANTS USING HYDROPONICS. THE STUDENTS GREW BASIL PLANTS, FOUND RECIPES ONLINE AND, WITH THEIR PARENTS' HELP, COOKED A MEAL. A COOK-OFF COMPETITION WAS HELD DURING WHICH STUDENTS' DISHES WERE TASTED AND JUDGED.TIMES2 STEM ACADEMY'S THIRD GRADE TEACHERS WERE AWARDED A SPARKS GRANT FROM THE RHODE ISLAND FOUNDATION. THE $3,000 AWARD WAS USED FOR A STUDENT FIELD TRIP TO LEGOLAND, AND SUPPLIES WERE PURCHASED FOR THE STUDENTS TO CONTINUE BUILDING ACTIVITIES WHICH ENGAGED THEM IN INQUIRY-BASED AND HANDS-ON LEARNING OPPORTUNITIES.AFTER-SCHOOL TUTORING PROGRAMS WERE HELD FOR STUDENTS IN GRADES FOUR THROUGH EIGHT TO SUPPLEMENT ACADEMICS FOR THOSE STUDENTS ASSESSED AT TWENTY PERCENT OR BELOW THEIR GRADE LEVEL. AFTER-SCHOOL AND SATURDAY INTERVENTIONS ARE CONTINOUS PROGRAMS UTILIZED TO SUPPORT AND ASSIST STUDENT LEARNING.THE INTRODUCTION OF ROCKET MATH SUPPLEMENTED THE SINGAPORE MATH PROGRAM AND GOT STUDENTS EXCITED ABOUT SOLVING MATH PROBLEMS.THE SCHOOL CONTINUES TO SOLICIT PARENT PARTICIPATION AND INCREASE COMMUNICATION AND INVOLVEMENT THROUGH PARENT CAFES AS WELL AS THE RE-ESTABLISHMENT OF THE PARENT TEACHER ORGANIZATION. TIMES2 INCORPORATED HELD A PASTA SUPPER AND A "MEET AND GREET THE BOARD" SESSION. PARTICIPANTS DISCUSSED WHAT WAS HAPPENING AT THE SCHOOL AND PARENTS' QUESTIONS AND SUGGESTIONS WERE WELCOMED.THE HOLIDAY BAZAAR, A TRADITIONAL EVENT AT THE SCHOOL, ENCOURAGED PARENT PARTICIPATION AS WELL AS INVITING THE ENTIRE COMMUNITY TO ATTEND. ANOTHER ANNUAL EVENT, THE ART FAIR, OFFERED THE ENTIRE SCHOOL COMMUNITY A CHANCE TO VIEW AND PURCHASE ORIGINAL PIECES OF ARTWORK BY TIMES2 INCORPORATED STUDENTS, THIS YEAR, THE NEW SCHOOL-WIDE ORCHESTRA PERFORMED WHILE ATTENDEES MINGLED.MIDDLE AND HIGH SCHOOL ACCOMPLISHMENTS: AGAIN THIS YEAR, ALL SENIORS GRADUATED, WHICH IS A SUBSTANTIAL ACHIEVEMENT NOT ONLY FOR THE STUDENTS, BUT FOR TIMES2 INCORPORATED AND THE FACULTY THAT MADE THIS OUTCOME POSSIBLE.OUR PASS RATE FOR ADVANCED PLACEMENT (AP) COURSES CONTINUED TO GROW FROM A TWO PERCENT PASS RATE IN 2011 TO A SEVENTY-EIGHT PERCENT PASS RATE IN 2015. A GRADUATING SENIOR PASSED THREE AP COURSES AND SCORED A FIVE IN A STEM RELATED COURSE, AP CALCULUS, WHICH WAS THE FIRST TIME THIS WAS ACCOMPLISHED.A FACULTY MEMBER WAS PRESENTED WITH A GOLDEN APPLE AWARD FROM RHODE ISLAND DEPARTMENT OF EDUCATION.A GENERAL ASSEMPLY WAS HELD FOR BOTH PARENTS AND STUDENTS REGARDING ACADEMIC PROGRAMS. THE LEADERSHIP TEAM WAS ABLE TO CLOSELY INTERACT WITH PARENTS AND DISCUSS NEW COURSE OFFERINGS AND AN UPDATE ON THE TRANSFORMATION OF THE CURRENT SCHEDULE TO BLOCK SCHEDULING.TIMES2 INCORPORATED STUDENTS CREATED THE TIMES2 STEM ACADEMY RHODE ISLAND HOMELESS FAMILIES PROGRAM. THE STUDENTS CREATED THEIR OWN WEBSITE, MET WITH THE DIRECTOR OF CROSSROADS RI, AND HELD A FOOD DRIVE AT THE SCHOOL. THEY ALSO COLLECTED OTHER PERSONAL CARE AND BABY ITEMS TO ASSIST HOMELESS FAMILIES IN RHODE ISLAND. THEY HAVE ALSO PARTNERED WITH THE RHODE ISLAND JUVENILE OFFICERS ASSOCIATION TO RAISE FUNDS TO PURCHASE HATS, GLOVES, SCARVES AND PAJAMAS THAT WERE PRESENTED TO THE SHELTER RESIDENTS DURING THE HOLIDAY SEASON.FACILITY IMPROVEMENTS: THE BOARD DESIGNATED FUNDS FOR FACILITY IMPROVEMENTS AND BEAUTIFICATION OF THE TIMES2 INCORPORATED FACILITIES, INCLUDING THE FOLLOWING:> REPLACEMENT OF THE ELEMENTARY SCHOOL ENTRANCE> REPAIRS OF THE BRIDGE BETWEEN THE SCHOOL BUILDINGS> COMPLETION OF THE FLAG PROJECT, HANGING FLAGS ALONG THE BRIDGE FROM OVER SIXTY COUNTRIES WHICH OUR STUDENTS AT TIMES2 INCORPORATED REPRESENT> IMPROVEMENTS MADE TO THE ELEMENTARY SCHOOL BOILERS> REPLACEMENT OF THE PLAYGROUND FENCING AND ADDING SECURITY GATES> DEVELOPMENT OF THE SITE AND BUILDING EXPANSION PLAN 8885562 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 12 0 53 1 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 1 1 1 0 RI X CAROL SCHWARTZ 4012725094 50 FILLMORE STREET PROVIDENCE RI 02908 PROFESSOR LLOYD MATSUMOTO PRESIDENT 15.00 X X 0 0 0 JOSEPH COSTA VICE-PRESIDENT 15.00 X X 0 0 0 MARK COUSINEAU TREASURER 10.00 X X 0 0 0 CARMEN DIAZ-JUSINO SECRETARY 4.00 X X 0 0 0 JASMINE BLACKMAR DIRECTOR 1.00 X 0 0 0 MAXFORD O FOSTER DIRECTOR 1.00 X 0 0 0 KENNETH MCDANIEL DIRECTOR 1.00 X 0 0 0 BARRY-JEAN MURRAY DIRECTOR 1.00 X 0 0 0 JASON MARKHAM FACULTY REP 1.00 X 0 0 0 GERALD KOWALCZYK EXECUTIVE OFFICER 40.00 X 157254 0 32391 MARIBETH MARCEAU DIRECTOR OF FINANCE (7/14-8-14) 40.00 X 90966 0 12490 248220 0 44881 1 0 1 0 OCEAN STATE TRANSIT 909 WAMPANOAG TRAIL RIVERSIDE RI 02915 STUDENT TRANSPORTATION SVCS. 408037 PARISEAULT BUILDERS INC 69 ILLINOIS AVENUE 1 WARWICK RI 02888 CONSTRUCTION SERVICES 228493 RISE ENGINEERING 1341 ELMWOOD AVENUE CRANSTON RI 02910 INSULATION SERVICES 182257 JOHNSON CONTROLS 6 BLACKSTONE VALLEY PLACE 202 LINCOLN RI 02865 HVAC CONTRACTOR SERVICES 112569 ALARM NEW ENGLAND LLC 200 METRO CENTER BLVD 14 WARWICK RI 02886 SECURITY SERVICES 109122 5 284166 9500 293666 CITY & STATE TUITION PAYMENTS 900099 9730314 9730314 9730314 47076 47076 2489028 2485361 3667 3667 3667 MISCELLANEOUS INCOME 611710 3359 3359 3359 10078082 9730314 0 54102 444663 444663 4487484 4332912 154572 532699 526179 6520 718834 700866 17968 396483 330220 66263 69920 69920 65469 65469 10154 10154 288390 224875 63515 1551 1551 61037 51896 9141 507374 505306 2068 483561 483561 746530 746530 80528 80528 STUDENT TRANSPORTATION 470167 470167 SUBSTITUTE TEACHERS 145287 145287 PROFESSIONAL DEVELOPMEN 135884 60554 75330 CLASSROOM SUPPLIES 128803 128803 250471 178406 72065 10025289 8885562 1139727 0 3779831 3612035 5113219 3522214 6207195 5639581 153853 171574 24515662 7393473 17366381 17122189 2890822 32620479 32958415 856452 1964375 10780000 9957605 11636452 11921980 X 14713978 15335517 6208737 5639606 61312 61312 20984027 21036435 32620479 32958415 52793 -385 0 X 0 1 X 1 0 X 653402 346676 327739 307862 293666 1929345 8884266 9085760 9318905 9517859 9730314 46537104 9537668 9432436 9646644 9825721 10023980 48466449 0 0 0 48466449 30259 46381 49161 32148 47076 205025 30259 46381 49161 32148 47076 205025 10100 10612 12972 2487 3359 39530 9578027 9489429 9708777 9860356 10074415 48711004 0.99500 0.99440 0.00420 0.00470 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 62854 -85 62769 63921 -1067 62854 64971 -1050 63921 65997 -1026 64971 65712 285 65997 0.97700 0.02300 0 0 1484162 1484162 19297945 1406992 17890953 1581730 4050212 -2468482 1323066 1123914 199152 828759 812355 16404 17122189 X 10067543 -385 -385 10067928 10154 10154 10078082 10015135 0 10015135 10154 10154 10025289 PART V, LINE 4: THE ENDOWMENT FUNDS ARE DONOR-RESTRICTED, THE INCOME FROM WHICH IS TO BE USED FOR OPERATING AND PROGRAM EXPENSES OF THE ORGANIZATION. PART X, LINE 2: TIMES2 INCORPORATED IS EXEMPT FROM INCOME TAXES AS A PUBLIC CHARITY UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE MANAGEMENT OF TIMES2 INCORPORATED BELIEVES THAT TIMES2 INCORPORATED OPERATES IN A MANNER CONSISTENT WITH THEIR TAX-EXEMPT STATUS AT BOTH THE STATE AND FEDERAL LEVELS. TIMES2 INCORPORATED ANNUALLY FILES IRS FORM 990 - RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, REPORTING VARIOUS INFORMATION THAT THE IRS USES TO MONITOR THE ACTIVITIES OF TAX EXEMPT ENTITIES. TIMES2 INCORPORATED CURRENTLY HAS NO TAX EXAMINATIONS IN PROGRESS. X X X 0 0 0 0 0 0 0 0 0 GERALD KOWALCZYK EXECUTIVE OFFICER 157254 0 0 0 0 0 8964 0 23427 0 189645 0 0 0 FORM 990, PART VI, SECTION A, LINE 8B THE COMMITTEES DO NOT HAVE THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS PREPARED BY THE EXTERNAL AUDITORS AND REVIEWED BY MANAGEMENT AND THE BOARD OF DIRECTORS. REVISIONS, CORRECTIONS, ETC. ARE MADE AS NECESSARY. ONCE ALL ARE SATISFIED WITH THE FORM, IT IS FINALIZED, A COPY IS SENT TO ALL BOARD MEMBERS, AND IT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE POTENTIAL CONFLICT OF INTEREST WOULD BE PRESENTED TO THE BOARD FOR APPROVAL. IF THERE IS A RELATED BOARD MEMBER, THE RELATED BOARD MEMBER WOULD ABSTAIN FROM VOTING ON THE RESOLUTION. ALL RELATED PARTY TRANSACTIONS MUST BE APPROVED BY THE BOARD OF DIRECTORS. RELATED PARTY TRANSACTIONS ARE MONITORED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 15 ANNUALLY, THE BOARD CONDUCTS A PERFORMANCE REVIEW AND EVALUATION OF THE EXECUTIVE DIRECTOR. THE REVIEW ALSO ESTABLISHES THE INDIVIDUAL'S COMPENSATION FOR THE FOLLOWING YEAR. THIS PROCESS INVOLVES THE EVALUATION OF THE INDIVIDUAL AND A REVIEW OF COMPENSATION OF COMPARABLE POSITIONS OBTAINED FROM COMPENSATION SURVEYS. THE BOARD'S DELIBERATION AND DECISION ARE NOTED IN THE MINUTES OF THE MEETING. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS (ARTICLES OF INCORPORATION AND BY-LAWS), ITS CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. THE ORGANIZATION WILL MAIL COPIES UPON REQUEST OR PROVIDE COPIES TO THOSE WHO COME TO THE ADMINISTRATIVE OFFICE DURING NORMAL BUSINESS HOURS.