2015-03-05T12:29:19-06:00 2014-06-30 042571780 ALEXANDER ARONSON FINNING & CO PC 21 EAST MAIN STREET WESTBORO MA 01581 990 2013-07-01 010790110 EXCELLENCE ACADEMIES FOUNDATION INC EXCE 2128447905 826 BROADWAY 9TH FLOOR NEW YORK NY 10003 CAROLYN HACK CHIEF FINANCIAL & OPERATING OFFICER 2128447905 2015-03-03 1 JOHN BUCKLEY CPA P00830631 5083669100 2015-02-12 2013 2016-02-25 16:41:14Z CAROLYN HACK 826 BROADWAY 9TH FLOOR NEW YORK NY 10003 808571 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 800000 750000 0 58519 3175289 52 0 0 3975289 808571 510813 0 0 0 25000 0 0 0 0 11416530 1623853 11952343 1623853 -7977054 -815282 29784900 28962181 25979252 25971815 3805648 2990366 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. IN ADDITION, EXCELLENCE ACADEMIES FOUNDATION, INC. HAS HELPED LAUNCH AN EARLY LEARNING PROGRAM CALLED EXCELLENCE BABY ACADEMY TO BENEFIT THE YOUNGER SIBLINGS OF EXCELLENCE BOY'S CHARTER SCHOOL STUDENTS AND OTHER MEMBERS OF THE COMMUNITY. 0 0 1491652 58519 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. 1491652 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 0 0 0 0 0 1 0 0 0 1 0 0 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 CAROLYN HACK 2128447905 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 0.00 X X 0 0 0 BRETT PEISER DIRECTOR/ CEO 5.00 42.00 X X 0 270175 16940 CAROLYN HACK CFO/COO 0.00 40.00 X 0 203873 9510 PAUL BAMBRICK SANTOYO MANAGING DIRECTOR-NEWARK 0.00 40.00 X 0 200077 23150 JULIE KENNEDY MANAGING DIRECTOR-NEW YORK CITY 0.00 40.00 X 0 198251 18221 JOSHUA PHILLIPS MANAGING DIRECTOR-UPSTATE NEW YORK 0.00 40.00 X 0 197311 18087 JULIE JACKSON MANAGING DIRECTOR- NEW YORK CITY 0.00 40.00 X 0 199579 14721 DANA LEHMAN MANAGING DIRECTOR-BOSTON 0.00 40.00 X 0 201424 10119 0 1470690 110748 0 0 1 0 0 750000 750000 REAL ESTATE DEVELOPMEN 531390 58519 58519 58519 52 52 808571 58519 0 52 X 50000 50000 4500 4500 251256 251256 48189 48189 368127 368127 823050 823050 56234 56234 MISCELLANEOUS ADMINISTR 21467 21467 INSPECTION FEES 1030 1030 1623853 1491652 132201 0 1970974 1714787 33530981 6539774 27679520 26991207 390593 29784900 28962181 59220 51783 25920032 25920032 25979252 25971815 X 3805648 2990366 3805648 2990366 29784900 28962181 -815282 0 X X 0 1 X 1 0 X X X 0 0 0 UNCOMMON SCHOOLS INC 311488698 501(C)(3) 1 1 1 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 544652 544652 32986329 6539774 26446555 26991207 CONSTRUCTION ADVANCES 25920032 25920032 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, 2014. 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 269675 0 500 0 0 0 3500 0 13440 0 287115 0 0 CAROLYN HACK CFO/COO 0 203373 0 500 0 0 0 3500 0 6010 0 213383 0 0 PAUL BAMBRICK SANTOYO MANAGING DIRECTOR-NEWARK 0 199577 0 500 0 0 0 3500 0 19650 0 223227 0 0 JULIE KENNEDY MANAGING DIRECTOR-NEW YORK CITY 0 197751 0 500 0 0 0 3500 0 14721 0 216472 0 0 JOSHUA PHILLIPS MANAGING DIRECTOR-UPSTATE NEW YORK 0 196811 0 500 0 0 0 3500 0 14587 0 215398 0 0 JULIE JACKSON MANAGING DIRECTOR- NEW YORK CITY 0 199079 0 500 0 0 0 0 0 14721 0 214300 0 0 DANA LEHMAN MANAGING DIRECTOR-BOSTON 0 200924 0 500 0 0 0 3500 0 6619 0 211543 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 2013. 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 130,886. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 130,886. CLEANING SERVICES: PROGRAM SERVICE EXPENSES 120,370. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 120,370. FORM 990, PART XII, LINE 2C: NO CHANGE TO OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR. 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