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      <Desc>FOR THE 2014-2015 SCHOOL YEAR, WE SERVED APPROXIMATELY 501 STUDENTS IN GRADES KINDERGARTEN THROUGH FIFTH. THE SCHOOL IMPLEMENTS SEVERAL PRACTICES THAT HELP MAINTAIN INSTRUCTIONAL COHERENCE. ONE OF THOSE PRACTICES IS THE USE OF PARENT-COMMUNICATION NOTEBOOKS. A SEPARATE NOTEBOOK IS KEPT FOR THE SPECIFIC USE OF COMMUNICATING WITH PARENTS. NOTES AND INFORMATION ARE WRITTEN IN THE PARENT-COMMUNICATION BOOK ON A DAILY BASIS. THESE NOTES HELP KEEP OUR PARENTS INFORMED OF HOW THEIR SCHOLAR IS DOING EACH DAY. PARENTS ARE ALSO INVITED TO TAKE PART IN THEIR SCHOLAR'S EDUCATION AS THEY ASSIST THE CLASSROOM TEACHER, READ STORIES, OR SHARE THEIR TALENTS IN THEIR SCHOLAR'S CLASSROOM THROUGH PARTICIPATION IN PARENT INVOLVEMENT DAY. CLASSROOM PARENTS ARE ALSO INVITED TO A MONTHLY BRUNCH WITH THE SCHOOL LEADER. A SECOND PRACTICE IMPLEMENTED AT THE SCHOOL IS AN EXTENDED TWO HOUR LITERACY BLOCK AND A 90-MINUTE MATH BLOCK. TECHNOLOGY, DIFFERENTIATED INSTRUCTION, SMALL GROUPS, CENTER ACTIVITIES, AND PEER/TEACHER FEEDBACK ARE ALL INCORPORATED INTO THE EXTENDED LEARNING BLOCKS. A THIRD PRACTICE IS THE USE OF A VARIETY OF DATA COLLECTION METHODS THAT INCLUDE BUT NOT LIMITED TO SCHOLAR PORTFOLIOS, INDIVIDUALIZED ACADEMIC PLANS, CLASS DATA BINDERS, AND DIBELS ASSESSMENTS. THE COLLECTION OF DATA IS THEN USED TO DRIVE INSTRUCTION AND THE RESULTS ARE SHARED WITH PARENTS DURING PARENT-TEACHER CONFERENCES. ALL OF THESE PRACTICES HELP DRIVE INSTRUCTION AND CREATE AN INVITING LEARNING ENVIRONMENT BY BRIDGING THE GAP BETWEEN HOME AND SCHOOL, WHICH IS ESSENTIAL IN MAINTAINING AN INSTRUCTIONAL COHERENT ATMOSPHERE. AT THE SCHOOL, WE PLACE A STRONG EMPHASIS ON ACADEMIC EFFORT AND ACHIEVEMENT. IN ADDITION, WE STRESS POSITIVE STUDENT BEHAVIOR AND CHARACTER BUILDING. ALL STAKEHOLDERS KNOW AND UNDERSTAND THE SCHOOL'S MISSION STATEMENT AND EDUCATIONAL GOALS. WE DETERMINE INSTRUCTIONAL STRATEGIES AND PRIORITIES BY EXAMINING THE ASSESSMENTS OF STUDENT ACHIEVEMENT. STUDENT ASSESSMENTS GIVE ADMINISTRATORS AND TEACHERS A CHANCE TO SEE WHAT LEVEL EACH SCHOLAR IS ACHIEVING OR STRUGGLING WITH.</Desc>
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      <FeesForServicesOtherGrp>
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        <ProgramServicesAmt>300483</ProgramServicesAmt>
        <ManagementAndGeneralAmt>43606</ManagementAndGeneralAmt>
        <FundraisingAmt>748</FundraisingAmt>
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      <OfficeExpensesGrp>
        <TotalAmt>56363</TotalAmt>
        <ProgramServicesAmt>49405</ProgramServicesAmt>
        <ManagementAndGeneralAmt>6357</ManagementAndGeneralAmt>
        <FundraisingAmt>601</FundraisingAmt>
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      <InformationTechnologyGrp>
        <TotalAmt>64866</TotalAmt>
        <ProgramServicesAmt>56920</ProgramServicesAmt>
        <ManagementAndGeneralAmt>7632</ManagementAndGeneralAmt>
        <FundraisingAmt>314</FundraisingAmt>
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      <OccupancyGrp>
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        <ProgramServicesAmt>1314423</ProgramServicesAmt>
        <ManagementAndGeneralAmt>182666</ManagementAndGeneralAmt>
        <FundraisingAmt>4888</FundraisingAmt>
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      <DepreciationDepletionGrp>
        <TotalAmt>82946</TotalAmt>
        <ProgramServicesAmt>74652</ProgramServicesAmt>
        <ManagementAndGeneralAmt>8294</ManagementAndGeneralAmt>
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      <InsuranceGrp>
        <TotalAmt>31331</TotalAmt>
        <ProgramServicesAmt>27419</ProgramServicesAmt>
        <ManagementAndGeneralAmt>3810</ManagementAndGeneralAmt>
        <FundraisingAmt>102</FundraisingAmt>
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      <OtherExpensesGrp>
        <Desc>CLASSROOM MATERIALS</Desc>
        <TotalAmt>210540</TotalAmt>
        <ProgramServicesAmt>210540</ProgramServicesAmt>
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      <OtherExpensesGrp>
        <Desc>STUDENT MEALS</Desc>
        <TotalAmt>27093</TotalAmt>
        <ProgramServicesAmt>22710</ProgramServicesAmt>
        <ManagementAndGeneralAmt>4383</ManagementAndGeneralAmt>
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      <OtherExpensesGrp>
        <Desc>STUDENT TRAVEL</Desc>
        <TotalAmt>10267</TotalAmt>
        <ProgramServicesAmt>10267</ProgramServicesAmt>
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      <OtherExpensesGrp>
        <Desc>DUES AND SUBSCRIPTION</Desc>
        <TotalAmt>3803</TotalAmt>
        <ProgramServicesAmt>3803</ProgramServicesAmt>
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        <TotalAmt>755</TotalAmt>
        <ManagementAndGeneralAmt>210</ManagementAndGeneralAmt>
        <FundraisingAmt>545</FundraisingAmt>
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        <TotalAmt>6949314</TotalAmt>
        <ProgramServicesAmt>5993201</ProgramServicesAmt>
        <ManagementAndGeneralAmt>934327</ManagementAndGeneralAmt>
        <FundraisingAmt>21786</FundraisingAmt>
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      <CashNonInterestBearingGrp>
        <BOYAmt>380860</BOYAmt>
        <EOYAmt>1647594</EOYAmt>
      </CashNonInterestBearingGrp>
      <SavingsAndTempCashInvstGrp>
        <BOYAmt>2706</BOYAmt>
        <EOYAmt>2710</EOYAmt>
      </SavingsAndTempCashInvstGrp>
      <PledgesAndGrantsReceivableGrp>
        <BOYAmt>81277</BOYAmt>
        <EOYAmt>54481</EOYAmt>
      </PledgesAndGrantsReceivableGrp>
      <PrepaidExpensesDefrdChargesGrp>
        <BOYAmt>233078</BOYAmt>
        <EOYAmt>184362</EOYAmt>
      </PrepaidExpensesDefrdChargesGrp>
      <LandBldgEquipCostOrOtherBssAmt>762374</LandBldgEquipCostOrOtherBssAmt>
      <LandBldgEquipAccumDeprecAmt>256683</LandBldgEquipAccumDeprecAmt>
      <LandBldgEquipBasisNetGrp>
        <BOYAmt>559973</BOYAmt>
        <EOYAmt>505691</EOYAmt>
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        <BOYAmt>229592</BOYAmt>
        <EOYAmt>320592</EOYAmt>
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      <TotalAssetsGrp>
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        <EOYAmt>2715430</EOYAmt>
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      <AccountsPayableAccrExpnssGrp>
        <BOYAmt>476774</BOYAmt>
        <EOYAmt>444800</EOYAmt>
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      <OtherLiabilitiesGrp>
        <BOYAmt>850022</BOYAmt>
        <EOYAmt>1107375</EOYAmt>
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      <TotalLiabilitiesGrp>
        <BOYAmt>1326796</BOYAmt>
        <EOYAmt>1552175</EOYAmt>
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      <OrganizationFollowsSFAS117Ind>X</OrganizationFollowsSFAS117Ind>
      <UnrestrictedNetAssetsGrp>
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        <EOYAmt>1163255</EOYAmt>
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      <TotalNetAssetsFundBalanceGrp>
        <BOYAmt>160690</BOYAmt>
        <EOYAmt>1163255</EOYAmt>
      </TotalNetAssetsFundBalanceGrp>
      <TotLiabNetAssetsFundBalanceGrp>
        <BOYAmt>1487486</BOYAmt>
        <EOYAmt>2715430</EOYAmt>
      </TotLiabNetAssetsFundBalanceGrp>
      <ReconcilationRevenueExpnssAmt>1002565</ReconcilationRevenueExpnssAmt>
      <OtherChangesInNetAssetsAmt>0</OtherChangesInNetAssetsAmt>
      <InfoInScheduleOPartXIIInd>X</InfoInScheduleOPartXIIInd>
      <MethodOfAccountingAccrualInd>X</MethodOfAccountingAccrualInd>
      <AccountantCompileOrReviewInd>0</AccountantCompileOrReviewInd>
      <FSAuditedInd>1</FSAuditedInd>
      <FSAuditedBasisGrp>
        <SeparateBasisFinclStmtInd>X</SeparateBasisFinclStmtInd>
      </FSAuditedBasisGrp>
      <AuditCommitteeInd>1</AuditCommitteeInd>
      <FederalGrantAuditRequiredInd>0</FederalGrantAuditRequiredInd>
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    <IRS990ScheduleA documentId="RetDoc1039100001">
      <SchoolInd>X</SchoolInd>
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    <IRS990ScheduleB documentId="RetDoc1234500001">
      <ContributorInformationGrp>
        <ContributorNum>RESTRICTED</ContributorNum>
        <ContributorBusinessName>
          <BusinessNameLine1>RESTRICTED</BusinessNameLine1>
        </ContributorBusinessName>
        <ContributorUSAddress>
          <AddressLine1>RESTRICTED</AddressLine1>
          <AddressLine2>RESTRICTED</AddressLine2>
          <City>RESTRICTED</City>
          <State>RESTRICTED</State>
          <ZIPCode>RESTRICTED</ZIPCode>
        </ContributorUSAddress>
        <TotalContributionsAmt>RESTRICTED</TotalContributionsAmt>
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    </IRS990ScheduleB>
    <IRS990ScheduleD documentId="RetDoc1040000001">
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        <OtherCostOrOtherBasisAmt>483007</OtherCostOrOtherBasisAmt>
        <DepreciationAmt>85875</DepreciationAmt>
        <BookValueAmt>397132</BookValueAmt>
      </LeaseholdImprovementsGrp>
      <EquipmentGrp>
        <OtherCostOrOtherBasisAmt>30449</OtherCostOrOtherBasisAmt>
        <DepreciationAmt>16963</DepreciationAmt>
        <BookValueAmt>13486</BookValueAmt>
      </EquipmentGrp>
      <OtherLandBuildingsGrp>
        <OtherCostOrOtherBasisAmt>248918</OtherCostOrOtherBasisAmt>
        <DepreciationAmt>153845</DepreciationAmt>
        <BookValueAmt>95073</BookValueAmt>
      </OtherLandBuildingsGrp>
      <TotalBookValueLandBuildingsAmt>505691</TotalBookValueLandBuildingsAmt>
      <OtherAssetsOrgGrp>
        <Desc>RESTRICTED CASH</Desc>
        <BookValueAmt>70000</BookValueAmt>
      </OtherAssetsOrgGrp>
      <OtherAssetsOrgGrp>
        <Desc>SECURITY DEPOSITS</Desc>
        <BookValueAmt>250592</BookValueAmt>
      </OtherAssetsOrgGrp>
      <TotalBookValueOtherAssetsAmt>320592</TotalBookValueOtherAssetsAmt>
      <OtherLiabilitiesOrgGrp>
        <Desc>DEFERRED RENT</Desc>
        <Amt>1107375</Amt>
      </OtherLiabilitiesOrgGrp>
      <TotalLiabilityAmt>1107375</TotalLiabilityAmt>
      <FootnoteTextInd>X</FootnoteTextInd>
      <TotalRevEtcAuditedFinclStmtAmt>7951879</TotalRevEtcAuditedFinclStmtAmt>
      <RevenueNotReportedAmt>0</RevenueNotReportedAmt>
      <RevenueSubtotalAmt>7951879</RevenueSubtotalAmt>
      <RevenueNotReportedFinclStmtAmt>0</RevenueNotReportedFinclStmtAmt>
      <TotalRevenuePerForm990Amt>7951879</TotalRevenuePerForm990Amt>
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      <ExpensesNotReportedAmt>0</ExpensesNotReportedAmt>
      <ExpensesSubtotalAmt>6949314</ExpensesSubtotalAmt>
      <ExpensesNotRptFinclStmtAmt>0</ExpensesNotRptFinclStmtAmt>
      <TotalExpensesPerForm990Amt>6949314</TotalExpensesPerForm990Amt>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>PART X, LINE 2:</FormAndLineReferenceDesc>
        <ExplanationTxt>THE SCHOOL'S ACCOUNTING POLICY PROVIDES THAT A TAX EXPENSE OR BENEFIT FROM AN UNCERTAIN TAX POSITION MAY BE RECOGNIZED WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION, INCLUDING RESOLUTIONS OF ANY RELATED APPEALS OR LITIGATION PROCESSES, BASED ON THE TECHNICAL MERITS. THE SCHOOL HAS NO UNCERTAIN TAX POSITIONS RESULTING IN AN ACCRUAL OF TAX EXPENSE OR BENEFIT.</ExplanationTxt>
      </SupplementalInformationDetail>
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    <IRS990ScheduleE documentId="RetDoc1040400001">
      <NondiscriminatoryPolicyStmtInd>1</NondiscriminatoryPolicyStmtInd>
      <PolicyStmtInBrochuresEtcInd>1</PolicyStmtInBrochuresEtcInd>
      <PlcyPblczdViaBroadcastMediaInd>1</PlcyPblczdViaBroadcastMediaInd>
      <MaintainRacialCompRecsInd>1</MaintainRacialCompRecsInd>
      <MaintainScholarshipsRecsInd>1</MaintainScholarshipsRecsInd>
      <MaintainCpyOfBrochuresEtcInd>1</MaintainCpyOfBrochuresEtcInd>
      <MaintainCpyOfAllSolInd>1</MaintainCpyOfAllSolInd>
      <DiscriminateRaceStdntsRghtsInd>0</DiscriminateRaceStdntsRghtsInd>
      <DiscriminateRaceAdmissPlcyInd>0</DiscriminateRaceAdmissPlcyInd>
      <DiscriminateRaceEmplmFcultyInd>0</DiscriminateRaceEmplmFcultyInd>
      <DiscriminateRaceSchsInd>0</DiscriminateRaceSchsInd>
      <DiscriminateRaceEducPlcyInd>0</DiscriminateRaceEducPlcyInd>
      <DiscriminateRaceUseOfFcltsInd>0</DiscriminateRaceUseOfFcltsInd>
      <DiscriminateRaceAthltProgInd>0</DiscriminateRaceAthltProgInd>
      <DiscriminateRaceOtherActyInd>0</DiscriminateRaceOtherActyInd>
      <GovernmentFinancialAidRcvdInd>1</GovernmentFinancialAidRcvdInd>
      <GovernmentFinancialAidRvkdInd>0</GovernmentFinancialAidRvkdInd>
      <ComplianceWithRevProc7550Ind>1</ComplianceWithRevProc7550Ind>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE E, PART I, LINE 3</FormAndLineReferenceDesc>
        <ExplanationTxt>THE SCHOOL DISSEMINATES ITS POLICY ON OUTREACH MATERIALS, APPLICATIONS, AND ITS WEBSITE.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE E, PART I, LINE 6</FormAndLineReferenceDesc>
        <ExplanationTxt>THE SCHOOL RECEIVES PER PUPIL FUNDING FROM THE NYC BOARD OF EDUCATION UNDER THEIR CHARTER AGREEMENT. THE SCHOOL ALSO RECEIVES VARIOUS FEDERAL, STATE, AND CITY FUNDS INCLUDING FEDERAL ENTITLEMENTS TO ASSIST WITH COVERING THE COST OF CERTAIN PROGRAMS.</ExplanationTxt>
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      <BoardOrCommitteeApprovalInd>X</BoardOrCommitteeApprovalInd>
      <SeverancePaymentInd>0</SeverancePaymentInd>
      <SupplementalNonqualRtrPlanInd>0</SupplementalNonqualRtrPlanInd>
      <EquityBasedCompArrngmInd>0</EquityBasedCompArrngmInd>
      <CompBasedOnRevenueOfFlngOrgInd>0</CompBasedOnRevenueOfFlngOrgInd>
      <CompBsdOnRevRelatedOrgsInd>0</CompBsdOnRevRelatedOrgsInd>
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      <CompBsdNetEarnsRltdOrgsInd>0</CompBsdNetEarnsRltdOrgsInd>
      <AnyNonFixedPaymentsInd>0</AnyNonFixedPaymentsInd>
      <InitialContractExceptionInd>0</InitialContractExceptionInd>
      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>LES MULLINGS</PersonNm>
        <TitleTxt>CEO/FOUNDER</TitleTxt>
        <BaseCompensationFilingOrgAmt>149651</BaseCompensationFilingOrgAmt>
        <CompensationBasedOnRltdOrgsAmt>0</CompensationBasedOnRltdOrgsAmt>
        <BonusFilingOrganizationAmount>0</BonusFilingOrganizationAmount>
        <BonusRelatedOrganizationsAmt>0</BonusRelatedOrganizationsAmt>
        <OtherCompensationFilingOrgAmt>0</OtherCompensationFilingOrgAmt>
        <OtherCompensationRltdOrgsAmt>0</OtherCompensationRltdOrgsAmt>
        <DeferredCompensationFlngOrgAmt>4568</DeferredCompensationFlngOrgAmt>
        <DeferredCompRltdOrgsAmt>0</DeferredCompRltdOrgsAmt>
        <NontaxableBenefitsFilingOrgAmt>18291</NontaxableBenefitsFilingOrgAmt>
        <NontaxableBenefitsRltdOrgsAmt>0</NontaxableBenefitsRltdOrgsAmt>
        <TotalCompensationFilingOrgAmt>172510</TotalCompensationFilingOrgAmt>
        <TotalCompensationRltdOrgsAmt>0</TotalCompensationRltdOrgsAmt>
        <CompReportPrior990FilingOrgAmt>0</CompReportPrior990FilingOrgAmt>
        <CompReportPrior990RltdOrgsAmt>0</CompReportPrior990RltdOrgsAmt>
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      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>LATOIYA TOLLIVER-REVELL</PersonNm>
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        <CompensationBasedOnRltdOrgsAmt>0</CompensationBasedOnRltdOrgsAmt>
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        <CompReportPrior990FilingOrgAmt>0</CompReportPrior990FilingOrgAmt>
        <CompReportPrior990RltdOrgsAmt>0</CompReportPrior990RltdOrgsAmt>
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    <IRS990ScheduleO documentId="RetDoc1044400001">
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 11</FormAndLineReferenceDesc>
        <ExplanationTxt>FORM 990 IS REVIEWED BY MANAGEMENT AND THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES FOR APPROVAL. IF CHANGES ARE REQUIRED, THE SCHOOL WILL THEN FORWARD TO THE AUDITING FIRM AND A FINAL VERSION WILL BE DISTRIBUTED TO ALL BOARD MEMBERS PRIOR TO THE IRS SUBMISSION.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 12C</FormAndLineReferenceDesc>
        <ExplanationTxt>THE SCHOOL SHARES ITS CONFLICT OF INTEREST POLICY WITH BOARD MEMBERS AND OFFICERS AS PART OF THEIR REGULAR MEETINGS. OFFICERS, DIRECTORS, AND KEY EMPLOYEES ARE EXPECTED TO DECLARE IF AT ANY POINT A CONFLICT OF INTEREST ARISES.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 15</FormAndLineReferenceDesc>
        <ExplanationTxt>COMPARABLE DATA IS USED BY THE BOARD WHEN DETERMINING THE COMPENSATION OF OFFICERS AND KEY EMPLOYEES.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION C, LINE 19</FormAndLineReferenceDesc>
        <ExplanationTxt>THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND THE FINANCIAL STATEMENTS ARE ALL AVAILABLE UPON REQUEST.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART XII, FINANCIAL STATEMENTS AND REPORTING LINE 2C:</FormAndLineReferenceDesc>
        <ExplanationTxt>THE SCHOOL HAS A FINANCE COMMITTEE THAT IS RESPONSIBLE FOR OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT AUDITOR.</ExplanationTxt>
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  </ReturnData>
</Return>