2015-03-13T18:16:47-05:00 2014-06-30 420714325 MCGLADREY LLP 1185 AVENUE OF THE AMERICAS NEW YORK NY 100362602 990 2013-07-01 161571685 FRIENDS OF BRONX PREPARATORY CHARTER SCHOOL INC FRIE 7182940841 3872 THIRD AVENUE BRONX NY 10457 NANCY GARVEY BOARD CHAIR 7182940841 2015-03-13 1 MARTIN GREIF P00029738 2123721000 2013 2016-03-07 17:11:31Z NANCY GARVEY 3872 THIRD AVENUE BRONX NY 10457 839179 0 X WWW.BRONXPREP.ORG X 1999 NY PROVIDE SUPPORT TO BRONX PREPARATORY CHARTER SCHOOL AND OTHER ORGANIZATIONS, WHOSE MISSION IS TO PREPARE UNDERSERVED MIDDLE AND HIGH SCHOOL STUDENTS FOR HIGHER EDUCATION, COMMUNITY INVOLVEMENT AND LIFELONG SUCCESS THROUGH A STRUCTURED, CARING ENVIRONMENT OF HIGH ACADEMIC EXPECTATIONS. 15 15 4 20 0 0 153065 74035 0 704100 10135 8644 253254 20 416454 786799 0 0 0 0 280691 195145 0 0 35994 135525 615181 416216 810326 238 -23527 15576179 15406424 151617 5389 15424562 15401035 X PROVIDE SUPPORT TO BRONX PREPARATORY CHARTER SCHOOL AND OTHER ORGANIZATIONS, WHOSE MISSION IS TO PREPARE UNDERSERVED MIDDLE AND HIGH SCHOOL STUDENTS FOR HIGHER EDUCATION, COMMUNITY INVOLVEMENT AND LIFELONG SUCCESS THROUGH A STRUCTURED, CARING ENVIRONMENT OF HIGH ACADEMIC EXPECTATIONS. 0 0 643219 704100 SUPPORT PROVIDED TO THE BRONX PREPARATORY CHARTER SCHOOL. IN FISCAL YEAR 2014, THE ORGANIZATION CONTINUED ITS ONGOING CAPITAL AND OPERATIONS SUPPORT. 643219 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 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 X 0 0 4 1 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X HOWARD SCHNIDMAN 9178317979 3872 THIRD AVENUE BRONX NY 10457 X KAVITA DOLAN BOARD MEMBER 1.00 1.00 X 0 0 0 DEBORAH L EVANGELAKOS BOARD MEMBER 1.00 1.00 X 0 0 0 JESSICA RODULFO BOARD MEMBER 1.00 1.00 X 0 0 0 LEE FLANAGAN BOARD MEMBER 1.00 1.00 X 0 0 0 NANCY GARVEY BOARD CHAIR 1.00 1.00 X X 0 0 0 PHIL GELSTON BOARD MEMBER 1.00 1.00 X 0 0 0 YULIANA KIM-GRANT BOARD MEMBER 1.00 1.00 X 0 0 0 KRISTEN MACLEOD BOARD MEMBER 1.00 1.00 X 0 0 0 SCOTT NELSON BOARD MEMBER 1.00 1.00 X 0 0 0 DAVID ROMAN BOARD MEMBER 1.00 1.00 X 0 0 0 RICHARD SCHUBART BOARD MEMBER 1.00 1.00 X 0 0 0 RAVI SURIA BOARD MEMBER 1.00 1.00 X 0 0 0 MARICRUZ ALVARADO BOARD MEMBER 1.00 1.00 X 0 0 0 PHILIP WHARTON BOARD MEMBER 1.00 1.00 X 0 0 0 BRIAN BERGER BOARD MEMBER 1.00 1.00 X 0 0 0 EDWINA BRANCH-SMITH HEAD OF SCHOOL - THRU 3/1/14 14.00 26.00 X 63356 117661 8327 ZAID MOHAMMED CFO/COO 18.00 22.00 X 58850 71928 31836 122206 189589 40163 0 0 1 0 0 74035 74035 PROGRAM RENTAL INCOME 900099 704100 704100 704100 1100 1100 59924 52380 7544 7544 7544 OTHER INCOME 900099 20 20 20 786799 704100 0 8664 119997 31355 78740 9902 60072 49639 1509 8924 2668 1200 1189 279 1906 857 849 200 10502 4724 4680 1098 13110 13110 5630 5630 9 9 2166 2166 580785 545938 23231 11616 COLLEGE PREPARATION PRO 8680 8680 FUNDRAISING 3975 3975 ENRICHMENT FEES & CURRI 826 826 810326 643219 131113 35994 482762 461490 10000 5060 19631005 5272853 14893349 14358152 183149 191086 16919 380636 15576179 15406424 1059 5389 150558 0 151617 5389 X 15419562 15391035 5000 10000 15424562 15401035 15576179 15406424 -23527 0 X 0 1 X 1 0 X X 0 0 0 BRONX PREPARATORY CHARTER SCHOOL 061581474 2 1 1 1 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 658614 658614 17803265 4285411 13517854 117743 27521 90222 754649 672255 82394 296734 287666 9068 14358152 X 11161496 10374697 10374697 786799 0 786799 13036061 12225735 12225735 810326 0 810326 PART X, LINE 2: THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT FRIENDS OF BRONX PREPARATORY CHARTER SCHOOL (THE "ORGANIZATION") IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE "CODE") AND FROM STATE AND LOCAL INCOME TAXES. THE ORGANIZATION IS SUBJECT TO UNRELATED BUSINESS INCOME TAX ("UBIT"), IF APPLICABLE. FOR THE YEARS ENDED JUNE 30, 2014 AND 2013, THE ORGANIZATION DID NOT OWE ANY UBIT. MANAGEMENT EVALUATED THE ORGANIZATION'S TAX POSITIONS AND CONCLUDED THAT THE ORGANIZATION HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THESE FINANCIAL STATEMENTS. GENERALLY, THE ORGANIZATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY U.S. FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2011 WHICH IS THE STANDARD STATUTE OF LIMITATIONS LOOK-BACK PERIOD. PART XI, LINE 2D - OTHER ADJUSTMENTS: REVENUE OF BRONX PREPARATORY CHARTER SCHOOL 10,374,697. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES OF BRONX PREPARATORY CHARTER SCHOOL 12,225,735. X X X 0 0 0 0 0 0 0 1 0 EDWINA BRANCH-SMITH HEAD OF SCHOOL - THRU 3/1/14 62481 116036 875 1625 0 0 2866 5323 48 90 66270 123074 0 0 ZAID MOHAMMED CFO/COO 58850 71928 0 0 0 0 3182 3889 11145 13620 73177 89437 0 0 PART I, LINE 7 EDWINA BRANCH-SMITH RECEIVED NON-FIXED PAYMENTS IN THE FORM OF BONUS DURING THE YEAR ENDED 2013 IN THE AMOUNT OF 2,500. BONUSES ARE BASED ON THE BOARD'S DISCRETION. FORM 990, PART V, LINE 2B THE TAXPAYER HAS A RELATIONSHIP WITH COMMON PAYMASTER, BRONX PREPARATORY CHARTER SCHOOL (TAX ID #06-1581474) WHO FILED 4 W2'S AND PAYROLL TAX RETURNS FORM 941'S. FORM 990, PART VI, SECTION B, LINE 11 THE 990 IS INITIALLY REVIEWED BY THE AUDIT COMMITTEE OF THE BOARD AND THEN DISTRIBUTED TO EACH BOARD MEMBER FOR ADDITIONAL REVIEW AND COMMENT PRIOR TO SUBMISSION TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C EACH TRUSTEE, OFFICER AND KEY EMPLOYEE IS REQUIRED YEARLY TO COMPLETE A DISCLOSURE OF FINANCIAL INTEREST FORM THAT DOCUMENTS EXISTING AND POTENTIAL CONFLICTS OF INTEREST. MANAGEMENT MONITORS POTENTIAL CONFLICTS AND REPORTS, IF NECESSARY, TO BOARD LEADERSHIP. FORM 990, PART VI, SECTION B, LINE 15 THE HEAD OF SCHOOL'S COMPENSATION WAS NEGOTIATED AT THE TIME OF INITIAL EMPLOYMENT IN 2011 BASED ON COMPARABLE DATA PROVIDED BY THE NEW YORK CITY CHARTER SCHOOL CENTER AND NON-PROFIT COORDINATING COMMITTEE SURVEY DATA. SUBSEQUENT INCREASES HAVE BEEN NOMINAL FOR ALL ADMINISTRATORS DUE TO FINANCIAL CIRCUMSTANCES IN NEW YORK STATE PUBLIC SCHOOLS. A PROCESS THAT INCLUDES SURVEY OF COMPARABLE POSITIONS AND PERFORMANCE EVALUATION IS IN PLACE FOR FUTURE YEARS. COMPENSATION OF OTHER OFFICERS AND KEY EMPLOYEES IS DETERMINED BY A NUMBER OF FACTORS, INCLUDING PERFORMANCE EVALUATION AND COMPARISON WITH COMPENSATION INFORMATION FROM THE NEW YORK CITY CHARTER SCHOOL CENTER, THE NEW YORK CITY DEPARTMENT OF EDUCATION, AND THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS. THE BOARD APPROVES COMPENSATION FOR THE HEAD OF SCHOOL AND KEY EMPLOYEES OF THE SCHOOL. CONTEMPORANEOUS SUBSTANTIATION OF THE COMPENSATION DISCUSSIONS AND DETERMINATION REGARDING THE COMPENSATION ARRANGEMENT IS DOCUMENTED IN THE BOARD MINUTES. FORM 990, PART VI, SECTION C, LINE 19 BY LAW, BOARD OF TRUSTEE MEETINGS ARE OPEN TO THE PUBLIC, WITH MEETING TIMES AND LOCATIONS ANNOUNCED PUBLICLY AHEAD OF TIME. MATERIALS DISTRIBUTED AT MEETINGS, INCLUDING BUDGETS AND FINANCIAL STATEMENTS, ARE AVAILABLE TO ALL PRESENT. BECAUSE BRONX PREP AND FRIENDS OF BRONX PREP BUDGET AND REPORT ON A CONSOLIDATED BASIS, THIS INFORMATION IS AVAILABLE FOR BOTH ORGANIZATIONS. DETAILED REPORT ON BRONX PREP'S AUTHORIZER VISITS, RENEWAL REPORTS, ACCOUNTABILITY PLAN PROGRESS, AND STATE EDUCATION DEPARTMENT REPORT CARD ARE AVAILABLE ON THE SUNY CHARTER SCHOOLS INSTITUTE WEBSITE: WWW.NEWYORKCHARTERS.ORG UNDER THE FREEDOM OF INFORMATION LAW, INFORMATION IS ALSO AVAILABLE ON-SITE AT THE SCHOOL AND UPON REQUEST. FORMS 990 ARE POSTED AT WWW.GUIDESTAR.ORG. FORM 990, PART VII, SECTION A: THE ORGANIZATION, IN A FULL TRANSPARENCY POSTURE TO REPORTING, IS REPORTING ALL BENEFITS IN FULL IN PART VII, COLUMN F AND NOT APPLYING THE $10,000 PER ITEM EXCEPTION FOR CERTAIN BENEFITS. BRONX PREPARATORY CHARTER SCHOOL 3872 THIRD AVENUE BRONX NY 10457 061581474 EDUCATION NY 501(C)(3) LINE 2 N/A 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 1 0 1 0 0