2015-05-06T13:35:46-05:00 2014-06-30 161092347 MENGEL METZGER BARR & CO LLP 100 CHESTNUT STREET SUITE 1200 ROCHESTER NY 14604 990 2013-07-01 320279176 FAHARI ACADEMY CHARTER SCHOOL FAHA 7182825139 72 VERONICA PLACE NO 418 BROOKLYN NY 11226 STEPHANIE CLAGNAZ PRINCIPAL 7182825139 2015-05-05 1 MICHELLE CAIN P00150750 5854231860 2015-05-05 2013 2016-03-07 17:11:31Z STEPHANIE CLAGNAZ 72 VERONICA PLACE NO 418 BROOKLYN NY 11226 6668557 0 X WWW.FAHARIACADEMY.ORG X 2008 NY THE CHARTER SCHOOL'S MISSION IS TO SERVE GRADES FIVE THROUGH TWELVE IN THE FLATBUSH COMMUNITY. FAHARI ACADEMY CHARTER SCHOOL EDUCATES, SUPPORTS, CHALLENGES AND TRAINS SCHOLARS FOR SUCCESS IN COLLEGE. 6 6 79 6 0 0 282008 306871 4880894 6361502 48 34 0 150 5162950 6668557 0 0 0 0 3968768 5445460 0 0 0 1427740 1285918 5396508 6731378 -233558 -62821 1109759 1221325 332590 506977 777169 714348 THE CHARTER SCHOOL'S MISSION IS TO SERVE GRADES FIVE THROUGH TWELVE IN THE FLATBUSH COMMUNITY. FAHARI ACADEMY CHARTER SCHOOL EDUCATES, SUPPORTS, CHALLENGES AND TRAINS SCHOLARS FOR SUCCESS IN COLLEGE. 0 0 5702051 6361652 EDUCATIONAL SERVICES FOR STUDENTS IN GRADES 5-12 IN THE FLATBUSH COMMUNITY. 5702051 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 23 0 1 79 1 0 0 0 0 0 0 0 0 0 0 X 6 6 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X STEPHANIE CLAGNAZ PRINCIPAL 7182183185 72 VERONICA PLACE NO418 BROOKLYN NY 11226 STEVEN YAEGER TREASURER 1.00 X X 0 0 0 THOMAS CAMPBELL SECRETARY 1.00 X X 0 0 0 JASON STARR BOARD CHAIR 1.00 X X 0 0 0 ELIZABETH LENIG VICE CHAIR 1.00 X X 0 0 0 CHRISTINA BONNE-ANNEE TRUSTEE 1.00 X 0 0 0 ALLISON PIERRE TRUSTEE 1.00 X 0 0 0 DIRK TILLOTSON EXECUTIVE DIRECTOR THRU 6/2013 45.00 X 64475 0 0 STEPHANIE CLAGNAZ PRINCIPAL 45.00 X 99328 0 3160 MARCIA TINEO CHIEF STUDENT SERVICES OFFICER 45.00 X 105983 0 8401 ALEXEI GREIG DIRECTOR OF PUBLIC RELATIONS AND DATA MANAGEMENT 45.00 X 120338 0 388 390124 0 11949 2 0 0 0 CHARTER SCHOOL BUSINESS MANAGEMENT INC 237 WEST 35TH STREET SUITE 301 NEW YORK NY 10001 FINANCIAL SERVICES 144599 1 306871 16664 306871 STATE & LOCAL PER PUPI 611600 6361502 6361502 6361502 34 34 MISC. REVENUE 900099 150 150 150 6668557 6361652 0 34 164320 53033 111287 4294821 3921627 373194 69228 61707 7521 525444 468355 57089 391647 349095 42552 180838 180838 143215 143215 23650 23650 97432 86976 10456 31040 29755 1285 110888 57409 53479 125082 111492 13590 92954 78787 14167 151357 134912 16445 24722 22036 2686 CURRICULUM & CLASSROOM 298219 297413 806 FACILITY PERMITS AND RE 6197 5524 673 OTHER 324 280 44 6731378 5702051 1029327 0 708258 534666 1003 1004 51915 207476 52799 14696 772505 309022 295784 463483 1109759 1221325 128042 192631 1090 6601 203458 307745 332590 506977 X 777169 714348 777169 714348 1109759 1221325 -62821 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 1 0 1 0 0 1 0 1 23650 23650 0 PART II-B, LINE 1: THE ORGANIZATION HIRED JJMH CONSULTING, LLC IN THE CURRENT YEAR TO ASSIT THE SCHOOL IN THEIR CHARTER RENEWAL PROCESS WHICH INVOLVED LOBBYING OF MEMBERS, LEGISLATORS, THEIR STAFF, GOVERNMENT OFFICIALS, LEGISLATIVE BODIES, AND THE PUBLIC IN SUPPORT OF THEIR SCHOOL TO AID IN THE RENEWAL OF THEIR CHARTER. VOLUNTEERS, BOARD MEMBERS, AND SCHOOL STAFF ENGAGED IN A LETTER CAMPAIGN TO ENCOURAGE THE PUBLIC TO CONTACT THEIR LOCAL LEGISLATORS IN SUPPORT OF THE CHARTER SCHOOL'S CHARTER RENEWAL. VOLUNTEERS, BOARD MEMBERS, AND SCHOOL STAFF MET WITH LEGISLATORS AND GOVERNMENT OFFICIALS FOR SUPPORT OF THEIR CHARTER RENEWAL. 236279 57124 179155 211148 131432 79716 325078 120466 204612 463483 ACCRUED PAYROLL AND BENEFITS 307745 307745 X 6719316 50759 50759 6668557 0 6668557 6782137 50759 50759 6731378 0 6731378 PART X, LINE 2: THE CHARTER SCHOOL IS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND APPLICABLE STATE REGULATIONS AND, ACCORDINGLY, IS EXEMPT FROM FEDERAL AND STATE TAXES ON INCOME. THE CHARTER SCHOOL HAS FILED FOR AND RECEIVED INCOME TAX EXEMPTIONS IN THE JURISDICTIONS WHERE IT IS REQUIRED TO DO SO. THE CHARTER SCHOOL FILES TAX RETURNS IN THE U.S. FEDERAL JURISDICTION. WITH FEW EXCEPTIONS, AS OF JUNE 30, 2014, THE CHARTER SCHOOL IS NO LONGER SUBJECT TO US FEDERAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR THE YEARS ENDED PRIOR TO JUNE 30, 2011. THE TAX RETURNS FOR THE YEARS ENDED JUNE 30, 2011 THROUGH JUNE 30, 2014 ARE STILL SUBJECT TO POTENTIAL AUDIT BY THE IRS. MANAGEMENT OF THE CHARTER SCHOOL BELIEVES IT HAS NO MATERIAL UNCERTAIN TAX POSITIONS AND, ACCORDINGLY IT WILL NOT RECOGNIZE ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS. 1 1 1 1 0 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE ORGANIZATION'S POLICY IS POSTED ON THEIR WEBSITE AND IS INCLUDED ON THE SCHOOL APPLICATION. SCHEDULE E, PART I, LINE 4 THE ORGANIZATION IS A FREE PUBLIC CHARTER SCHOOL, NO SCHOLARSHIPS OR FINANCIAL ASSISTANCE IS OFFERED. SCHEDULE E, PART I, LINE 6 THE ORGANIZATION RECEIVES FEDERAL AND STATE GRANTS. FORM 990, PART VI, SECTION B, LINE 11 THE FINANCE COMMITTEE REVIEWS THE FORM 990 IN DETAIL. IT IS THEN PROVIDED TO THE BOARD FOR FINAL REVIEW AND IS THEN FILED. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE REQUIRED TO EVALUATE AND DISCLOSE CONFLICTS OF INTERESTS ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION B, LINE 15 THROUGH THE ANNUAL BUDGET APPROVAL PROCESS ALL COMPENSATION FOR KEY EMPLOYEES IS APPROVED BY SCHOOL BOARD OF TRUSTEES. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND CONFLICTS OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. FINANCIAL STATEMENTS ARE AVAILABLE ON WWW.GUIDESTAR.ORG. FORM 990, PART XII, LINE 2C THE PROCESS IS CONSISTENT WITH PRIOR YEARS.