2014-02-20T12:22:54-06:00 2013-06-30 131517563 LOEB & TROPER LLP 655 THIRD AVENUE 12TH FLOOR NEW YORK NY 10017 990 2012-07-01 132940671 THE CHILDREN'S STOREFRONT CHIL 2124272862 70 EAST 129TH STREET NEW YORK NY 10035 RENE PENA 2124272862 2014-02-12 1 FREDERICK H ROTHMAN P01275277 2128674000 2012 2015-11-30 17:44:51Z RENE PENA 70 EAST 129TH STREET NEW YORK NY 10035 4303257 0 X WWW.THECHILDRENSSTOREFRONT.ORG X 1966 NY THE CHILDREN'S STOREFRONT IS AN INDEPENDENT, TUITION-FREE SCHOOL IN HARLEM COMMITTED TO PROVIDING A COMPREHENSIVE EDUCATION TO CHILDREN WITH VARIED ACADEMIC STRENGTHS FROM PRE-SCHOOL THROUGH 8TH GRADE. OUR WORK IS GROUNDED ON THE CONVICTION THAT EVERY CHILD DESERVES THE OPPORTUNITY FOR AN EXCELLENT EDUCATION. WE WORK IN PARTNERSHIP WITH FAMILIES AND COMMUNITY MEMBERS TO PREPARE CHILDREN ACADEMICALLY, SOCIALLY AND EMOTIONALLY FOR FURTHER EDUCATION, EMPOWERING EACH CHILD TO REACH HIS OR HER POTENTIAL. 26 25 68 243 0 0 4194766 3944567 0 0 12825 7930 -91686 -65295 4115905 3887202 26010 102846 0 0 2810923 2945380 64494 63164 657634 944394 1083373 3845821 4194763 270084 -307561 7018952 6877025 638035 641403 6380917 6235622 X THE CHILDREN'S STOREFRONT IS AN INDEPENDENT, TUITION-FREE SCHOOL IN HARLEM COMMITTED TO PROVIDING A COMPREHENSIVE EDUCATION TO CHILDREN WITH VARIED ACADEMIC STRENGTHS FROM PRE-SCHOOL THROUGH 8TH GRADE. OUR WORK IS GROUNDED ON THE CONVICTION THAT EVERY CHILD DESERVES THE OPPORTUNITY FOR AN EXCELLENT EDUCATION. WE WORK IN PARTNERSHIP WITH FAMILIES AND COMMUNITY MEMBERS TO PREPARE CHILDREN ACADEMICALLY, SOCIALLY AND EMOTIONALLY FOR FURTHER EDUCATION, EMPOWERING EACH CHILD TO REACH HIS OR HER POTENTIAL. 0 0 3198265 102846 IN ITS FIFTH DECADE, THE STOREFRONT HAS REPRESENTED THE STRONGEST POSSIBLE CASE FOR PROVIDING EXCEPTIONAL LEARNING OPPORTUNITIES TO UNDERSERVED CHILDREN FOR STUDENTS WITH A WIDE RANGE OF LEARNING ABILITIES. WE ARE PROUD OF THE SUCCESS OF OUR STUDENTS AND THE OPTIONS THIS GIVES THEM FOR HIGH SCHOOL ADMISSIONS. OVER SIXTY STUDENTS ATTEND OUR SUMMER SCHOOL AND AFTERSCHOOL ASSISTANCE PROGRAM. OUR PROGRAM SUPPORTS THE ACADEMIC, SOCIAL AND EMOTIONAL NEEDS OF OUR STUDENTS. OUR PROGRAM INCLUDES ENRICHMENT, CONFLICT RESOLUTION, COMMUNITY SERVICE, SPORTS, MUSIC AND WELLNESS PROGRAMS. NINETY PERCENT OF OUR GRADUATES WILL COMPLETE HIGH SCHOOL AND EIGHTY PERCENT OF THEM WILL ATTEND COLLEGE. 3198265 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 33 0 68 1 0 0 0 0 0 1 1 0 0 0 0 X 26 25 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X X RENE PENA 2124277900 70 EAST 129TH STREET NY NY 10035 WENDY REYNOSO 40.00 X X 156550 0 8079 RAY A CAMERON 1.00 X X 0 0 0 LISE B H EVANS 1.00 X X 0 0 0 LAUREN MARRUS 1.00 X X 0 0 0 JEFFREY S MUTI 1.00 X X 0 0 0 GEORGE J GRUMBACH JR 1.00 X X 0 0 0 DORIAN BROWN 1.00 X X 0 0 0 ELSIE V AIDINOFF 1.00 X 0 0 0 PATRICK CURLEY 1.00 X 0 0 0 ELLEN-JANE MOSS 1.00 X 0 0 0 GEORGE WEIKSNER 1.00 X 0 0 0 ANDREW WEINER 1.00 X 0 0 0 AMANDA LOW 1.00 X 0 0 0 MILDRED E JONES 1.00 X 0 0 0 CHRISTINE LASALA 1.00 X 0 0 0 STEPHEN LOGAN 1.00 X 0 0 0 HOLLY PETERSON 1.00 X 0 0 0 ANNE RIVERS 1.00 X 0 0 0 ROBERT T RYLEE 1.00 X 0 0 0 MICHAEL B STUBBS 1.00 X 0 0 0 PETER EIKENBERRY 1.00 X 0 0 0 JOHN FORBES 1.00 X 0 0 0 CHRISTOPHER J MOORE 1.00 X 0 0 0 MARIAN SALTZMAN 1.00 X 0 0 0 MICHAEL STREICKER 1.00 X 0 0 0 MARIA VECCHIOTTI 1.00 X 0 0 0 ALEX CASTRO 40.00 X 95691 0 7848 KATHLEEN SKRYANZ 40.00 X 61127 0 7698 MICHAEL WILLIAMS 40.00 X 102500 0 7874 415868 0 31499 2 0 1 0 0 1195853 240576 2508138 294964 3944567 11586 11586 259913 263569 -3656 -3656 -3656 76830 1195853 152486 -75656 -75656 MISCELLANEOUS 900099 10361 10361 10361 3887202 0 0 -57365 102846 102846 331553 126332 185400 19821 2169778 1797040 66769 305969 263666 225716 4453 33497 180383 140247 17188 22948 36380 36380 63164 63164 3687 3687 369048 246598 122450 332868 245376 12087 75405 81627 72921 6541 2165 19926 14871 719 4336 10804 8533 2271 105141 99002 3199 2940 80233 75549 2441 2243 STUDENT ACTIVITIES 43234 43234 425 425 4194763 3198265 338864 657634 25258 15949 4283664 3967530 119042 149895 9659 16525 10378 4281762 2525474 1781265 1756288 800064 960460 7018952 6877025 638035 641403 638035 641403 X 4040352 3920862 498034 472229 1842531 1842531 6380917 6235622 7018952 6877025 -307561 162266 0 X X 0 1 X 1 0 X 3277313 3824138 5654577 4194766 3944567 20895361 3277313 3824138 5654577 4194766 3944567 20895361 2590997 18304364 29138 706 8243 12825 11586 62498 12757 30432 16996 14241 10361 84787 21042646 0.86990 0.86970 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2422822 159623 -108750 2473695 2535270 15000 -18698 -108750 2422822 2509478 7500 192488 174196 2535270 2616298 106820 2509478 2608798 7500 2616298 0.25520 0.74480 0 0 123920 123920 3155718 1576764 1578954 1002124 948710 53414 1756288 X 4216923 162266 18656 152486 333408 3883515 3687 3687 3887202 4362218 18656 152486 171142 4191076 3687 3687 4194763 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE ENDOWMENT FUNDS WERE USED FOR THE GRADUATE PROGRAM AND FOR THE OPERATION OF THE SCHOOL. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE SCHOOL HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PERIODS ENDING JUNE 30, 2010 AND SUBSEQUENT REMAIN SUBJECT TO EXAMINATION BY APPLICABLE TAXING AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: DIRECT COST OF SPECIAL EVENTS 152,486. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT COST OF SPECIAL EVENTS 152,486. X X X X X X 1 INNOVATIVE PHILANTHROPY 5 HANOVER SQUARE SUITE 1801 NEW YORK NY 10004 MANAGE SPRING BENEFIT INVITATION AND ACCEPTANCE PROCESS 0 1004450 63164 941286 1004450 63164 941286 NY ANNUAL SPRING GALA 1004450 957650 46800 46525 39255 1150 COCKTAILS AND POKER 128805 109545 19260 23400 10000 350 6 139428 128658 10770 13345 12825 700 4936 1272683 1195853 76830 83270 62080 2200 4936 152486 -75656 1 SCHOLARSHIPS FOR STUDENTS 9 102846 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: EACH YEAR, THE HIGH SCHOOL PLACEMENT OFFICER PROVIDES A LIST OF STUDENTS WHO HAVE BEEN APPROVED FOR RECEIVING THIS ASSISTANCE, THE NAMES OF THEIR SCHOOLS AND THE AMOUNT OF ASSISTANCE, AND THIS LIST GIVEN TO THE ASSISTANT TREASURER. WHEN A BILL IS RECEIVED FROM A HIGH SCHOOL, THE ASSISTANT TREASURER CONFIRMS THE STUDENT, SCHOOL AND AMOUNT, AND THEN PAYS IT. IF THERE ARE ANY DISCREPANCIES, THE ASSISTANT TREASURER CONTACTS THE SCHOOL, THE STOREFRONT'S PLACEMENT OFFICER OR HEAD OF SCHOOL, AS NECESSARY, TO CLEAR THEM UP. X X X 0 0 0 0 0 0 0 0 0 WENDY REYNOSO 156550 0 0 0 0 0 0 0 8079 0 164629 0 0 0 X 5 294964 SALES PRICE 0 0 0 METHOD FOR DETERMINING NUMBER OF CONTRIBUTIONS: PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTORS FORM 990, PART VI, SECTION A, LINE 4 THE BYLAWS WERE REVISED AS FOLLOWS: THE STRUCTURE OF THE BOARD CHANGED FROM HAVING A BOARD CHAIRMAN AND PRESIDENT TO HAVING A CHAIRMAN AND THREE VICE-CHAIRS. ADDITIONALLY, THE BY-LAWS ARE ALSO NOW GENDER-NEUTRAL, THE AUDIT COMMITTEE NO LONGER HAS COMPLETE OVERLAP WITH THE FINANCE COMMITTEE MEMBERSHIP (AS A MATTER OF BEST PRACTICE) AND THE SCHOOL COMMITTEE RESPONSIBILITIES WILL NO LONGER INCLUDE EVALUATION AND COMPENSATION OF THE HEAD OF SCHOOL (IN ACCORDANCE WITH ACTUAL PRACTICE IN WHICH THE EXECUTIVE COMMITTEE HAS PERFORMED THIS DUTY). THESE CHANGES WERE ADOPTED ON OCTOBER 2, 2012. FORM 990, PART VI, SECTION B, LINE 11 BEFORE THE FORM 990 IS FILED, A COPY IS DISTRIBUTED TO THE AUDIT COMMITTEE. AFTER DISTRIBUTION, THE AUDIT COMMITTE HOLDS A MEETING OR CONFERENCE CALL TO DISCUSS THE 990, INCLUDING ANY QUESTIONS OR COMMENTS, WHICH THE DIRECTOR OF FINANCE ADDRESSES. AFTER THAT, THE 990 IS CIRCULATED TO ALL BOARD MEMBERS VIA EMAIL FOR REVIEW. COMMENTS AND QUESTIONS ARE REQUESTED, AND ARE DIRECTED TO THE DIRECTOR OF FINANCE. ONCE THESE ARE ADDRESSED, ANY REVISIONS ARE REDISTRIBUTED TO ALL BOARD MEMBERS. THEN THE FORM 990 IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CHILDREN'S STOREFRONT HAS ADOPTED A CONFLICT OF INTEREST POLICY THAT REQUIRES THAT ANY TRANSACTION WITH INTERESTED PARTIES IS FULLY DISCLOSED. CSF WILL REVIEW THIS POLICY ON AN ANNUAL BASIS. THE CHAIR WILL REPORT TO THE BOARD OF TRUSTEES THAT ALL DISCLOSURE FORMS HAVE BEEN COMPLETED AND WHETHER ANY POTENTIAL CONFLICTS HAVE BEEN DISCLOSED. ALL BOARD MEMBERS, HEAD OF SCHOOL, CHIEF OPERATIONS OFFICER,AND SENIOR FINANCIAL OFFICERS ARE REQUIRED TO COMPLETE THE DISCLOSURE STATEMENT ON AN ANNUAL BASIS. IF AT ANY TIME A BOARD MEMBER OR EMPLOYEE ACQUIRES AN INTEREST IN A MATTER THAT MIGHT POSE A CONFLICT, HE OR SHE SHALL PROMPTLY DISCLOSE SUCH INTEREST IN WRITING. INTERESTED PARTIES WHO HAVE AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST WILL NOT PARTICIPATE IN DECISIONS OR DISCUSSIONS AFFECTING THAT INTEREST AND THE ORGANIZATION. THE BOARD OF TRUSTEES AND KEY EMPLOYEES ARE COVERED UNDER THE CONFLICT OF INTEREST POLICY. THE BUSINESS MANAGER AND ASSISTANT TREASURER ARE INVOLVED IN PROCESSING ALL INVOICES, AND REVIEW EACH TRANSACTION TO CHECK FOR CONFLICTS. IF ONE IS DISCOVERED, IT IS REPORTED TO THE BOARD CHAIR. CONFLICTS AT ANY LEVEL ARE REPORTED TO THE CHAIR. THE PROCESS WAS LAST CONDUCTED IN 2013. FORM 990, PART VI, SECTION B, LINE 15 SALARY LEVELS ARE APPROVED BY THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES DURING THE ANNUAL BUDGET PROCESS AS DOCUMENTED IN THE MINUTES OF THAT COMMITTEE. MEMBERS OF THE BOARD OF TRUSTEES CHECKED WITH NYSAIS, OUR ACCREDITING ORGANIZATION, AND THE NEW YORK CITY PUBLIC SCHOOL SYSTEM REGARDING CURRENT SALARY LEVELS FOR HEADS OF SCHOOL AND OTHER ADMINISTRATIVE AND TEACHING POSITIONS. THE SEARCH COMMITTEE OF THE BOARD OF TRUSTEES USES A CONSULTING FIRM WHO HAS SPECIALIZED IN RECRUITING FOR NOT- FOR-PROFIT ORGANIZATIONS FOR MORE THAN 10 YEARS. AMONG OTHER THINGS, THEY ADVISED ON SALARY LEVELS BASED ON THEIR EXPERIENCE. THE PROCESS IS DOCUMENTED IN MEETING NOTES AND EXTENSIVE EMAIL CORRESPONDENCE. THIS WAS LAST DONE IN FISCAL YEAR 2013. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 2C THIS PROCESS HAS NOT CHANGED FROM PRIOR YEARS.