2014-05-01T15:52:13-05:00 2013-06-30 420714325 MCGLADREY LLP 1185 AVENUE OF THE AMERICAS NEW YORK NY 100362602 990 2012-07-01 450522191 FRIENDS OF BRONX CHARTER SCHOOL FOR EXCELLENCE FRIE 7188287301 1960 BENEDICT AVENUE BRONX NY 10462 DEIRDRE FLYNN 7188287301 2014-05-01 1 MARTIN GREIF P00029738 2123721000 2012 2015-11-30 17:44:51Z DEIRDRE FLYNN 1960 BENEDICT AVENUE BRONX NY 10462 522152 0 X WWW.BRONXEXCELLENCE.ORG X 2003 NY FRIENDS OF BRONX CHARTER SCHOOL FOR EXCELLENCE RAISES FUNDS TO SUPPORT THE OPERATIONS OF THE BRONX CHARTER SCHOOL FOR EXCELLENCE. 8 8 2 8 0 0 0 522152 0 0 0 0 0 0 0 522152 0 0 0 0 0 30904 0 0 1309 0 330663 0 361567 0 160585 421892 621475 64301 103299 357591 518176 X THE MISSION OF FRIENDS OF BRONX CHARTER SCHOOL FOR EXCELLENCE IS TO HELP BRONX CHARTER SCHOOL FOR EXCELLENCE FULFILL ITS MISSION OF PREPARING YOUNG PEOPLE FROM NEW YORK CITY TO COMPETE FOR ADMISSION TO, AND SUCCEED IN, TOP PUBLIC, PRIVATE AND PAROCHIAL SCHOOLS THROUGH CULTIVATING THEIR INTELLECTUAL, ARTISTIC, SOCIAL, EMOTIONAL AND ETHICAL DEVELOPMENT. 0 0 FRIENDS OF BRONX CHARTER SCHOOL FOR EXCELLENCE RAISES FUNDS TO SUPPORT THE OPERATIONS OF BRONX CHARTER SCHOOL FOR EXCELLENCE. 1 1 0 0 0 0 0 0 0 0 0 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 2 1 0 0 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X CHARLENE REID 7188287301 1960 BENEDICT AVENUE BRONX NY 10462 X DEIRDRE FLYNN 1.00 5.00 X X 0 0 0 MICHAEL STERN 0.50 0.10 X X 0 0 0 ROBERT LESTER 0.10 X 0 0 0 CHRISTOPHER HALL 0.10 X 0 0 0 JOYCE FROST 2.00 5.00 X X 0 0 0 GRACE CHAO 0.10 X 0 0 0 STEVE KIRSCHENBAUM 3.00 X 0 0 0 JOSEPH SHIPLEY 0.10 X 0 0 0 CHARLENE REID 0.80 39.20 X 20834 187507 13096 JOSE RIVERA 1.20 38.80 X 12241 110165 8163 33075 297672 21259 0 0 1 0 0 522152 522152 522152 0 0 0 24230 23988 242 470 465 5 6204 6142 62 5550 5550 700 700 322232 322232 1181 1181 FUNDRAISING EXPENSES 1000 1000 361567 0 360258 1309 90721 369985 7500 250000 1439 1490 322232 0 421892 621475 64301 103299 64301 103299 X 357591 268176 250000 357591 518176 421892 621475 160585 0 X 0 1 X 1 0 X 232846 98130 46599 81969 522152 981696 232846 98130 46599 81969 522152 981696 708180 273516 273 30 303 3054 188 3242 985241 0.27760 0.54360 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 DUE TO RELATED 501C3 ORG. 103299 103299 X 8674071 8151919 8151919 522152 0 522152 8152479 7790912 7790912 361567 0 361567 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE FRIENDS OF BRONX CHARTER SCHOOL FOR EXCELLENCE ("FRIENDS") IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE (THE CODE) AS AN ORGANIZATION FORMED FOR CHARITABLE PURPOSES UNDER SECTION 501(C)(3) OF THE CODE AND, ACCORDINGLY, IS NOT SUBJECT TO INCOME TAXES. ADDITIONALLY, THE FRIENDS AS A NONPROFIT ENTITY IS SUBJECT TO UNRELATED BUSINESS INCOME TAX (UBIT), IF APPLICABLE. FOR THE TAX YEARS ENDED JUNE 30, 2013 AND 2012, THE FRIENDS DID NOT OWE ANY UBIT. MANAGEMENT EVALUATED THE ORGANIZATION'S TAX POSITIONS FOR ALL OPEN TAX YEARS AND HAS CONCLUDED THAT THE ORGANIZATION HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF ACCOUNTING STANDARDS CODIFICATION (ASC) 740, ACCOUNTING FOR INCOME TAXES. GENERALLY, THE ORGANIZATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY U.S. FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2010, WHICH IS THE STANDARD STATUTE OF LIMITATIONS LOOK BACK PERIOD. PART XI, LINE 2D - OTHER ADJUSTMENTS: BRONX CHARTER SCHOOL FOR EXCELLENCE 8,151,919. PART XII, LINE 2D - OTHER ADJUSTMENTS: BRONX CHARTER SCHOOL FOR EXCELLENCE 7,790,912. X X X 0 0 0 0 0 0 0 0 0 CHARLENE REID 20834 127507 0 60000 0 0 0 0 0 13096 20834 200603 0 0 FORM 990, PART VI, SECTION B, LINE 11 THE HEAD OF SCHOOL, CHAIRMAN AND TREASURER OF THE BOARD REVIEW THE DRAFT 990 BEFORE IT IS FILED. THE ENTIRE FORM 990 IS EMAILED TO THE COMPLETE BOARD OF TRUSTEES PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS DISTRIBUTED TO OFFICERS, BOARD MEMBERS AND KEY EMPLOYEES ANNUALLY. AFTER REVIEWING, OFFICERS, BOARD MEMBERS AND KEY EMPLOYEES FILL OUT ANNUAL CONFLICT OF INTEREST CERTIFICATION FORMS IN WHICH THEY DISCLOSE ANY CONFLICTS OF INTEREST AND PROHIBITED EXCESS BENEFIT TRANSACTIONS. THE EXECUTIVE ASSISTANT TO EXECUTIVE DIRECTOR OF BRONX CHARTER SCHOOL FOR EXCELLENCE IS RESPONSIBLE FOR ENSURING THAT ALL OFFICERS, BOARD MEMBERS AND KEY EMPLOYEES OF FRIENDS OF BRONX CHARTER SCHOOL FOR EXCELLENCE COMPLETE THEIR FORMS AND FOR REVIEWING THE EXECUTED FORMS FOR ANY PROBLEMATIC CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 FROM TIME TO TIME THE BOARD OF TRUSTEES MUST HIRE KEY EMPLOYEES, PRESIDENT AND TREASURER. THE COMPENSATION FOR THESE POSITIONS MUST TAKE INTO CONSIDERATION THE CANDIDATE OR EMPLOYEE'S YEARS OF EXPERIENCE AND HIS OR HER ABILITY TO MEET THE STANDARDS SET BY BCSE FOR THE POSITION. ONCE THE SALARY IS SET, SUBSEQUENT INCREASES WILL BE BASED ON PERFORMANCE AND EXTRAORDINARY PERFORMANCE WILL BE RECOGNIZED THROUGH BONUSES. THE BOARD USES APPLICABLE COMPENSATION SURVEYS LIKE THE ONE PREPARED IN 2007/08 BY THE NEW YORK CITY CENTER FOR CHARTER SCHOOL EXCELLENCE. ADDITIONAL COMPARISONS ARE DERIVED FROM LOOKING AT THE 990'S FOR NON PROFITS OF SIMILAR SIZE AND COMPLEXITY. THIS CROSS COMPARISON PROVIDES SOME BROADER PERSPECTIVE TO ACCOUNT FOR THE EMERGENCE IN CHARTER SCHOOLS OF MORE STABLE AND SEASONED SENIOR STAFF. THE COMPENSATION FOR OTHER MANAGEMENT POSITIONS ARE REVIEWED AND APPROVED AS FOLLOWS: - THE EXECUTIVE COMMITTEE REVIEWS AND APPROVES THE ORGANIZATIONAL CHART OF BCSE ESTABLISHING LINES OF ACCOUNTABILITY. - THE EXECUTIVE COMMITTEE VERIFIES THE EVALUATION PROCESSES AND PERFORMANCE REVIEW PROCEDURES. - THE BOARD OF TRUSTEES REVIEWS COMPARATIVE SALARY INFORMATION PROVIDED BY NYC CHARTER CENTER OR OTHER COMPARABLE RESEARCH USING 990'S TO ENSURE THAT THE SALARY STRUCTURE CONTINUES TO ATTRACT AND MAINTAIN QUALITY EMPLOYEES. - THE BOARD OF TRUSTEES APPROVES THE SALARY OF THE EXCECUTIVE DIRECTOR AS WELL AS SALARY RECOMMENDATIONS MADE BY THE PRESIDENT FOR THE "KEY EMPLOYEES/HIGHEST COMPENSATED INDIVIDUALS". - CONTEMPORANEOUS SUBSTANTIATION AND RECORDKEEPING FOR DELIBERATION AND DECISION REGARDING THE COMPENSATION ARRANGEMENT WAS MADE. FORM 990, PART VI, SECTION C, LINE 19 FRIENDS OF BRONX CHARTER SCHOOL FOR EXCELLENCE MAKES ITS GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. 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 CHARTER SCHOOL FOR EXCELLENCE 1960 BENEDICT AVENUE BRONX NY 10462 450507998 CHARTER SCHOOL NY 501(C)(3) LINE 2 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0