﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" returnVersion="2012v2.0" xsi:schemaLocation="http://www.irs.gov/efile">
  <ReturnHeader binaryAttachmentCount="0">
    <Timestamp>2014-05-13T11:49:58-07:00</Timestamp>
    <TaxPeriodEndDate>2013-06-30</TaxPeriodEndDate>
    <PreparerFirm>
      <PreparerFirmBusinessName>
        <BusinessNameLine1>Koch Group &amp; Co LLP</BusinessNameLine1>
      </PreparerFirmBusinessName>
      <PreparerFirmUSAddress>
        <AddressLine1>333 Seventh Avenue Floor 8</AddressLine1>
        <City>New York</City>
        <State>NY</State>
        <ZIPCode>100015118</ZIPCode>
      </PreparerFirmUSAddress>
    </PreparerFirm>
    <ReturnType>990</ReturnType>
    <TaxPeriodBeginDate>2012-07-01</TaxPeriodBeginDate>
    <Filer>
      <EIN>861106640</EIN>
      <Name>
        <BusinessNameLine1>PENINSULA PREPARATORY ACADEMY CHARTER</BusinessNameLine1>
        <BusinessNameLine2>SCHOOL</BusinessNameLine2>
      </Name>
      <NameControl>PENI</NameControl>
      <Phone>3474039231</Phone>
      <USAddress>
        <AddressLine1>611 BEACH 19TH STREET</AddressLine1>
        <City>FAR ROCKAWAY</City>
        <State>NY</State>
        <ZIPCode>11691</ZIPCode>
      </USAddress>
    </Filer>
    <Officer>
      <Name>BETTY LEON ESQ</Name>
      <Title>Chairman</Title>
      <DateSigned>2014-05-13</DateSigned>
      <AuthorizeThirdParty>true</AuthorizeThirdParty>
    </Officer>
    <Preparer>
      <Name>MIAOLING LIN</Name>
      <PTIN>P00431817</PTIN>
      <Phone>2126310700</Phone>
    </Preparer>
    <TaxYear>2012</TaxYear>
    <BuildTS>2015-11-30 17:44:51Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCount="6">
    <IRS990 documentId="IRS990" referenceDocumentId="IRS990ScheduleO" softwareId="12000229" softwareVersion="2012v2.0">
      <NameOfPrincipalOfficerPerson>BETTY LEON ESQ</NameOfPrincipalOfficerPerson>
      <AddressPrincipalOfficerUS>
        <AddressLine1>611 BEACH 19TH STREET</AddressLine1>
        <City>FAR ROCKAWAY</City>
        <State>NY</State>
        <ZIPCode>11691</ZIPCode>
      </AddressPrincipalOfficerUS>
      <GrossReceipts>4790792</GrossReceipts>
      <GroupReturnForAffiliates>false</GroupReturnForAffiliates>
      <AllAffiliatesIncluded>false</AllAffiliatesIncluded>
      <Organization501c3>X</Organization501c3>
      <WebSite>www.peninsulaprep.org</WebSite>
      <TypeOfOrganizationCorporation>X</TypeOfOrganizationCorporation>
      <YearFormation>2004</YearFormation>
      <StateLegalDomicile>NY</StateLegalDomicile>
      <ActivityOrMissionDescription>THE PENINSULA PREPARATORY ACADEMY CHARTER SCHOOL IS A PUBLIC CHARTER SCHOOL FOR CHILDREN IN KINDERGARDEN AND FIRST THROUGH FIFTH GRADE LOCATED IN FAR ROCKAWAY, NEW YORK. IT EDUCATES CHILDREN ON A COMPLETELY NONDISCRIMINATORY AND SECULAR BASIS.</ActivityOrMissionDescription>
      <NbrVotingMembersGoverningBody>7</NbrVotingMembersGoverningBody>
      <NbrIndependentVotingMembers>7</NbrIndependentVotingMembers>
      <TotalNbrEmployees>60</TotalNbrEmployees>
      <TotalNbrVolunteers>3</TotalNbrVolunteers>
      <TotalGrossUBI>0</TotalGrossUBI>
      <ContributionsGrantsPriorYear>168130</ContributionsGrantsPriorYear>
      <ContributionsGrantsCurrentYear>202834</ContributionsGrantsCurrentYear>
      <ProgramServiceRevenuePriorYear>4879451</ProgramServiceRevenuePriorYear>
      <ProgramServiceRevenueCY>4587301</ProgramServiceRevenueCY>
      <InvestmentIncomePriorYear>1919</InvestmentIncomePriorYear>
      <InvestmentIncomeCurrentYear>107</InvestmentIncomeCurrentYear>
      <OtherRevenueCurrentYear>550</OtherRevenueCurrentYear>
      <TotalRevenuePriorYear>5049500</TotalRevenuePriorYear>
      <TotalRevenueCurrentYear>4790792</TotalRevenueCurrentYear>
      <GrantsAndSimilarAmntsCY>0</GrantsAndSimilarAmntsCY>
      <BenefitsPaidToMembersCY>0</BenefitsPaidToMembersCY>
      <SalariesEtcPriorYear>3088946</SalariesEtcPriorYear>
      <SalariesEtcCurrentYear>3080288</SalariesEtcCurrentYear>
      <TotalProfFundrsngExpCY>0</TotalProfFundrsngExpCY>
      <TotalFundrsngExpCurrentYear>5864</TotalFundrsngExpCurrentYear>
      <OtherExpensePriorYear>1731557</OtherExpensePriorYear>
      <OtherExpensesCurrentYear>1705336</OtherExpensesCurrentYear>
      <TotalExpensesPriorYear>4820503</TotalExpensesPriorYear>
      <TotalExpensesCurrentYear>4785624</TotalExpensesCurrentYear>
      <RevenuesLessExpensesPriorYear>228997</RevenuesLessExpensesPriorYear>
      <RevenuesLessExpensesCY>5168</RevenuesLessExpensesCY>
      <TotalAssetsBOY>1053335</TotalAssetsBOY>
      <TotalAssetsEOY>885050</TotalAssetsEOY>
      <TotalLiabilitiesBOY>746472</TotalLiabilitiesBOY>
      <TotalLiabilitiesEOY>573019</TotalLiabilitiesEOY>
      <NetAssetsOrFundBalancesBOY>306863</NetAssetsOrFundBalancesBOY>
      <NetAssetsOrFundBalancesEOY>312031</NetAssetsOrFundBalancesEOY>
      <MissionDescription>THE PENINSULA PREPARATORY ACADEMY CHARTER SCHOOL IS A PUBLIC CHARTER SCHOOL FOR CHILDREN IN KINDERGARDEN AND FIRST THROUGH FIFTH GRADE LOCATED IN FAR ROCKAWAY, NEW YORK. IT EDUCATES CHILDREN ON A COMPLETELY NONDISCRIMINATORY AND SECULAR BASIS. THE FOUNDERS AND SUPPORTERS OF THE SCHOOL BELIEVE THAT ACCESS TO A PUBLIC EDUCATION OF HIGH QUALITY FOR ALL CHILDREN IS THE FOREMOST ISSUE.Our vision is to firmly maintain a school environment that has high expectations for every child and challenges each child not only to surpass all the common core state standards, but also to discover the unique talents and attributions they have to contribute to the world. In order for our vision to be realized, we believe philosophically that every child must be provided first with a strong foundation in the academia- specifically Reading, Writing and Mathematics. The scholar's exploration of the academics must be interwoven with higher order thinking processes, including but not limited to problem solving,</MissionDescription>
      <SignificantNewProgramServices>false</SignificantNewProgramServices>
      <SignificantChange>false</SignificantChange>
      <Expense>4125800</Expense>
      <Revenue>4587301</Revenue>
      <Description>REGULAR EDUCATIONCurriculum English Language ArtsOne of Peninsula preparatory Academy's primary goals is to ensure that all students become able readers and writers. When literacy instruction is matched to scholars' unique strengths and needs, scholars learn to effectively communicate their ideas and show what they know. Students are expected to meet the Common Core State Standards in ELA at each grade level with instruction of a core curriculum for reading, writing, listening, and speaking.In kindergarten through grade 5, Peninsula Preparatory Academy uses a research-based approach, called The Comprehensive Approach to Balanced Literacy. Balanced Literacy stresses the essential dimensions of reading through explicit teaching of phonics, phonemic awareness, fluency and expressiveness, vocabulary, and comprehension. The explicit teaching of phonics is done through the Wilson FUNDATIONS program in kindergarten through grade 2. Daily read-alouds, independent reading time, reading workshop, writing workshop, and systematic word study instruction are key features of the approach. Teachers demonstrate the habits and strategies of effective reading and writing through a variety of structures: read-aloud, guided reading, shared reading, interactive writing, and mini-lessons in reading and writing. By coaching scholars in individual or small-group conferences, teachers allow students to successfully and independently apply those strategies to their own reading and writing. Classroom libraries are the centerpiece of Balanced Literacy. These libraries allow teachers to organize instruction around authentic literature. Extensive use of classroom libraries encourages students to read and write about a variety of topics they know and like. The libraries are designed so that each grade will have a common core of books that span a range of reading levels and cover all kinds of literature from picture books, chapter books, and novels to poetry and nonfiction. In conjunction the school utilizes Triumph Learning and Curriculum Associates to prepare scholars for the state assessments in English Language Arts.MathematicsPeninsula Preparatory Academy's Mathematics program takes a balanced approach, focusing on what students need to know, and the processes and skills necessary to reason, solve problems, and think critically. Beginning in September 2011, Peninsula Preparatory Academy implemented the Go Math! curriculum. Go Math! is a focused program designed to meet the objectives and intent of the Common Core State Standards for Mathematics. The program is designed as such to support teachers as they transition scholars to the rigorous common core state based curriculum. Lessons begin with context-based situations and progress toward more abstract problems. Real world problems that are instructionally sound and relevant to the scholars are presented in each lesson. Problem solving is practiced in daily lesson sets that include application problems with embedded computation. Intervention for problem solving scaffolds to help scholars with reading word problems and uses graphic organizers. Communication and reasoning are also an important focus as scholars explain concepts verbally and in writing every day.Social StudiesPeninsula Preparatory Academy follows the City's Social Studies program has as its foundation the New York State Social Studies Core Curriculum. Through explorations of history, geography, economics, government, and civics, scholars learn about the people, places, eras, and events near and far that helped to shape our world. In grades K-2, scholars begin to develop awareness about self, family, neighborhoods, and communities large and small. In grades 3-5, they are introduced to the diversity of world communities, the historic development of New York State, and the similarities and differences among the nations that make up the Western Hemisphere (North, Central and South America and the Caribbean). We have implemented the Core Curriculum Initiative, a New York City standard program that aims to provide a common core of rigorous, high-quality curricula and instructional materials to NYC classrooms, as well as introduce core curriculum social studies materials Peninsula Preparatory Academy opted for the use of a text book and trade book program and supplements these materials with primary source kits, maps, atlases, and regalia. We rolled out this curriculum in Grades K through Five, utilizing the Macmillan McGraw Hill Textbook series. We follow the K-8 Social Studies Scope and Sequence, which went into effect for the NYC Department of Education during the 2008-09 school year. In addition, we link the Social Studies curriculum to the reading and writing instruction in each grade level on a regular basis. SciencePeninsula Preparatory Academy follows the New York City's science curriculum which is based upon the New York State Core Curriculum in Science. We focus on two major strands in kindergarten through fifth grade, the Physical Setting and the Living Environment. Science instruction provides scholars with opportunities to interact directly with the natural world and gives them the skills they need to explain the world that surrounds them. The school's approach allows students to practice problem-solving skills, develop positive science attitudes, learn new science content, and increase their scientific literacy. The elementary science program emphasizes a hands-on, inquiry-based approach to learning. Younger scholars learn effectively when they are actively engaged in the discovery process. Children's natural curiosity leads them to explore the natural world. We encourage our teachers to provide opportunities for their scholars to have direct experience with common objects, materials, and living things in their environments. We utilize the Macmillan McGraw Hill, Science: A Closer Look with hands on science experiments for every chapter. We follow the NYC K-8 Science Scope and Sequence for grades K through 5.</Description>
      <TotalProgramServiceExpense>4125800</TotalProgramServiceExpense>
      <DescribedIn501C3 referenceDocumentId="IRS990ScheduleA">true</DescribedIn501C3>
      <ScheduleBRequired referenceDocumentId="IRS990ScheduleB">true</ScheduleBRequired>
      <PoliticalActivities>false</PoliticalActivities>
      <LobbyingActivities>false</LobbyingActivities>
      <SubjectToProxyTax>false</SubjectToProxyTax>
      <DonorAdvisedFunds referenceDocumentId="IRS990ScheduleD">false</DonorAdvisedFunds>
      <ConservationEasements referenceDocumentId="IRS990ScheduleD">false</ConservationEasements>
      <CollectionsOfArt referenceDocumentId="IRS990ScheduleD">false</CollectionsOfArt>
      <CreditCounseling referenceDocumentId="IRS990ScheduleD">false</CreditCounseling>
      <TermOrPermanentEndowments referenceDocumentId="IRS990ScheduleD">false</TermOrPermanentEndowments>
      <ReportLandBldgEquip referenceDocumentId="IRS990ScheduleD">true</ReportLandBldgEquip>
      <ReportInvestOthSecurities referenceDocumentId="IRS990ScheduleD">false</ReportInvestOthSecurities>
      <ReportProgRelInvest referenceDocumentId="IRS990ScheduleD">false</ReportProgRelInvest>
      <ReportOtherAssets referenceDocumentId="IRS990ScheduleD">false</ReportOtherAssets>
      <ReportOtherLiabilities referenceDocumentId="IRS990ScheduleD">true</ReportOtherLiabilities>
      <ReportFin48Footnote referenceDocumentId="IRS990ScheduleD">true</ReportFin48Footnote>
      <IndependentAuditFinancialStmt referenceDocumentId="IRS990ScheduleD">true</IndependentAuditFinancialStmt>
      <ConsolidatedAuditFinancialStmt referenceDocumentId="IRS990ScheduleD">false</ConsolidatedAuditFinancialStmt>
      <School referenceDocumentId="IRS990ScheduleE">true</School>
      <ForeignOffice>false</ForeignOffice>
      <ForeignActivities>false</ForeignActivities>
      <MoreThan5000KToOrganizations>false</MoreThan5000KToOrganizations>
      <MoreThan5000KToIndividuals>false</MoreThan5000KToIndividuals>
      <ProfessionalFundraising>false</ProfessionalFundraising>
      <FundraisingActivities>false</FundraisingActivities>
      <Gaming>false</Gaming>
      <Hospital>false</Hospital>
      <GrantsToOrganizations>false</GrantsToOrganizations>
      <GrantsToIndividuals>false</GrantsToIndividuals>
      <ScheduleJRequired>false</ScheduleJRequired>
      <TaxExemptBonds>false</TaxExemptBonds>
      <InvestTaxExemptBonds>false</InvestTaxExemptBonds>
      <EscrowAccount>false</EscrowAccount>
      <OnBehalfOfIssuer>false</OnBehalfOfIssuer>
      <ExcessBenefitTransaction>false</ExcessBenefitTransaction>
      <PriorExcessBenefitTransaction>false</PriorExcessBenefitTransaction>
      <LoanToOfficerOrDQP>false</LoanToOfficerOrDQP>
      <GrantToRelatedPerson>false</GrantToRelatedPerson>
      <BsnssRltnshpWithOrganization>false</BsnssRltnshpWithOrganization>
      <BsnssRltnshpThruFamilyMember>false</BsnssRltnshpThruFamilyMember>
      <OfficerEntityWithBsnssRltnshp>false</OfficerEntityWithBsnssRltnshp>
      <DeductibleNonCashContributions>false</DeductibleNonCashContributions>
      <DeductibleContributionsOfArt>false</DeductibleContributionsOfArt>
      <Terminated>false</Terminated>
      <PartialLiquidation>false</PartialLiquidation>
      <DisregardedEntity>false</DisregardedEntity>
      <RelatedEntity>false</RelatedEntity>
      <RelatedOrgControlledEntity>false</RelatedOrgControlledEntity>
      <TransactionRelatedEntity>false</TransactionRelatedEntity>
      <TransfersToExemptNonChrtblOrg>false</TransfersToExemptNonChrtblOrg>
      <ActivitiesConductedPartnership>false</ActivitiesConductedPartnership>
      <ScheduleORequired>true</ScheduleORequired>
      <NumberFormsTransmittedWith1096>12</NumberFormsTransmittedWith1096>
      <NumberW2GIncluded>0</NumberW2GIncluded>
      <ComplianceWithBackupWitholding>true</ComplianceWithBackupWitholding>
      <NumberOfEmployees>60</NumberOfEmployees>
      <EmploymentTaxReturnsFiled>true</EmploymentTaxReturnsFiled>
      <UnrelatedBusinessIncome>false</UnrelatedBusinessIncome>
      <Form990-TFiled>false</Form990-TFiled>
      <ForeignFinancialAccount>false</ForeignFinancialAccount>
      <ProhibitedTaxShelterTrans>false</ProhibitedTaxShelterTrans>
      <TaxablePartyNotification>false</TaxablePartyNotification>
      <NonDeductibleContributions>false</NonDeductibleContributions>
      <QuidProQuoContributions>false</QuidProQuoContributions>
      <Form8282PropertyDisposedOf>false</Form8282PropertyDisposedOf>
      <NumberOf8282Filed>0</NumberOf8282Filed>
      <FundsToPayPremiums>false</FundsToPayPremiums>
      <PremiumsPaid>false</PremiumsPaid>
      <Form8899Filed>false</Form8899Filed>
      <Form1098CFiled>false</Form1098CFiled>
      <ExcessBusinessHoldings>false</ExcessBusinessHoldings>
      <TaxableDistributions>false</TaxableDistributions>
      <DistributionToDonor>false</DistributionToDonor>
      <FiledLieu1041>false</FiledLieu1041>
      <LicensedMoreThanOneState>false</LicensedMoreThanOneState>
      <IndoorTanningServices>false</IndoorTanningServices>
      <InfoInScheduleOPartVI>X</InfoInScheduleOPartVI>
      <NbrVotingGoverningBodyMembers>7</NbrVotingGoverningBodyMembers>
      <NumberIndependentVotingMembers>7</NumberIndependentVotingMembers>
      <FamilyOrBusinessRelationship>false</FamilyOrBusinessRelationship>
      <DelegationOfManagementDuties>false</DelegationOfManagementDuties>
      <ChangesToOrganizingDocs>false</ChangesToOrganizingDocs>
      <MaterialDiversionOrMisuse>false</MaterialDiversionOrMisuse>
      <MembersOrStockholders>false</MembersOrStockholders>
      <ElectionOfBoardMembers>false</ElectionOfBoardMembers>
      <DecisionsSubjectToApproval>false</DecisionsSubjectToApproval>
      <MinutesOfGoverningBody>true</MinutesOfGoverningBody>
      <MinutesOfCommittees>true</MinutesOfCommittees>
      <OfficerMailingAddress>false</OfficerMailingAddress>
      <LocalChapters>false</LocalChapters>
      <Form990ProvidedToGoverningBody>true</Form990ProvidedToGoverningBody>
      <ConflictOfInterestPolicy>true</ConflictOfInterestPolicy>
      <AnnualDisclosureCoveredPersons>true</AnnualDisclosureCoveredPersons>
      <RegularMonitoringEnforcement>true</RegularMonitoringEnforcement>
      <WhistleblowerPolicy>true</WhistleblowerPolicy>
      <DocumentRetentionPolicy>true</DocumentRetentionPolicy>
      <CompensationProcessCEO>true</CompensationProcessCEO>
      <CompensationProcessOther>true</CompensationProcessOther>
      <InvestmentInJointVenture>false</InvestmentInJointVenture>
      <StatesWhereCopyOfReturnIsFiled>NY</StatesWhereCopyOfReturnIsFiled>
      <OwnWebsite>X</OwnWebsite>
      <OtherWebsite>X</OtherWebsite>
      <UponRequest>X</UponRequest>
      <TheBooksAreInCareOf>
        <NamePerson>JASON PIERRE</NamePerson>
        <TelephoneNumber>3474039231</TelephoneNumber>
        <AddressUS>
          <AddressLine1>611 BEACH 19TH STREET</AddressLine1>
          <City>ROCKAWAY PARK</City>
          <State>NY</State>
          <ZIPCode>11694</ZIPCode>
        </AddressUS>
      </TheBooksAreInCareOf>
      <Form990PartVIISectionA>
        <NamePerson>SYLVESTER OKONKWO</NamePerson>
        <Title>BOARD MEMBER</Title>
        <AverageHoursPerWeek>0.25</AverageHoursPerWeek>
        <AverageHoursPerWeekRelated>0.00</AverageHoursPerWeekRelated>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>PATRICIA WOODS</NamePerson>
        <Title>BOARD MEMBER</Title>
        <AverageHoursPerWeek>0.25</AverageHoursPerWeek>
        <AverageHoursPerWeekRelated>0.00</AverageHoursPerWeekRelated>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>DORETHA MCFADDEN</NamePerson>
        <Title>VICE CHAIRMAN</Title>
        <AverageHoursPerWeek>0.25</AverageHoursPerWeek>
        <AverageHoursPerWeekRelated>0.00</AverageHoursPerWeekRelated>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>KEVIN ALEXANDER</NamePerson>
        <Title>FIN.CHARIMAN</Title>
        <AverageHoursPerWeek>0.25</AverageHoursPerWeek>
        <AverageHoursPerWeekRelated>0.00</AverageHoursPerWeekRelated>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>JACQUELINE BURTON-WAAL</NamePerson>
        <Title>Secretary</Title>
        <AverageHoursPerWeek>0.25</AverageHoursPerWeek>
        <AverageHoursPerWeekRelated>0.00</AverageHoursPerWeekRelated>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>KIMBERLY PAUPAW</NamePerson>
        <Title>PTO PRESIDENT</Title>
        <AverageHoursPerWeek>0.25</AverageHoursPerWeek>
        <AverageHoursPerWeekRelated>0.00</AverageHoursPerWeekRelated>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>BETTY LEON ESQ</NamePerson>
        <Title>Chairman</Title>
        <AverageHoursPerWeek>0.25</AverageHoursPerWeek>
        <AverageHoursPerWeekRelated>0.00</AverageHoursPerWeekRelated>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>ERICKA WALA</NamePerson>
        <Title>PRINCIPAL</Title>
        <AverageHoursPerWeek>40.00</AverageHoursPerWeek>
        <AverageHoursPerWeekRelated>0.00</AverageHoursPerWeekRelated>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>102944</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>13000</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>JASON PIERRE</NamePerson>
        <Title>BUSINESS MANAGE</Title>
        <AverageHoursPerWeek>40.00</AverageHoursPerWeek>
        <AverageHoursPerWeekRelated>0.00</AverageHoursPerWeekRelated>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>82231</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>10500</OtherCompensation>
      </Form990PartVIISectionA>
      <TotalReportableCompFromOrg>185175</TotalReportableCompFromOrg>
      <TotalOtherCompensation>23500</TotalOtherCompensation>
      <NumberIndividualsGT100K>1</NumberIndividualsGT100K>
      <FormersListed>false</FormersListed>
      <TotalCompGT150K>false</TotalCompGT150K>
      <CompensationFromOtherSources>false</CompensationFromOtherSources>
      <ContractorCompensation>
        <NameOfContractor>
          <NameBusiness>
            <BusinessNameLine1>RAZA CONSULTING GROUP</BusinessNameLine1>
          </NameBusiness>
        </NameOfContractor>
        <AddressOfContractor>
          <AddressUS>
            <AddressLine1>519 8TH AVENUE STE 810</AddressLine1>
            <City>NEW YORK</City>
            <State>NY</State>
            <ZIPCode>10018</ZIPCode>
          </AddressUS>
        </AddressOfContractor>
        <DescriptionOfServices>EDUCATION CONSULTING</DescriptionOfServices>
        <Compensation>116336</Compensation>
      </ContractorCompensation>
      <ContractorCompensation>
        <NameOfContractor>
          <NameBusiness>
            <BusinessNameLine1>INSTALLATIONS DONE RIGHT</BusinessNameLine1>
          </NameBusiness>
        </NameOfContractor>
        <AddressOfContractor>
          <AddressUS>
            <AddressLine1>91 BAY 31TH STREET</AddressLine1>
            <City>BROOKLYN</City>
            <State>NY</State>
            <ZIPCode>11214</ZIPCode>
          </AddressUS>
        </AddressOfContractor>
        <DescriptionOfServices>CONSTRUCTION</DescriptionOfServices>
        <Compensation>148375</Compensation>
      </ContractorCompensation>
      <ContractorCompensation>
        <NameOfContractor>
          <NameBusiness>
            <BusinessNameLine1>CHARTER SCHOOL BUSINESS MANAGEMENT</BusinessNameLine1>
          </NameBusiness>
        </NameOfContractor>
        <AddressOfContractor>
          <AddressUS>
            <AddressLine1>237 WEST 35TH STREET STE 301</AddressLine1>
            <City>NEW YORK</City>
            <State>NY</State>
            <ZIPCode>10001</ZIPCode>
          </AddressUS>
        </AddressOfContractor>
        <DescriptionOfServices>FINANCE &amp; ACCOUNTING</DescriptionOfServices>
        <Compensation>114000</Compensation>
      </ContractorCompensation>
      <ContractorCompensation>
        <DescriptionOfServices>CONSULTING &amp; SUPPORT</DescriptionOfServices>
      </ContractorCompensation>
      <NumberOfContractorsGT100K>3</NumberOfContractorsGT100K>
      <GovernmentGrants>189827</GovernmentGrants>
      <AllOtherContributions>13007</AllOtherContributions>
      <TotalContributions>202834</TotalContributions>
      <ProgramServiceRevenue>
        <Description>STUDENT ENROLLMENT</Description>
        <BusinessCode>611600</BusinessCode>
        <TotalRevenueColumn>4587301</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>4587301</RelatedOrExemptFunctionIncome>
      </ProgramServiceRevenue>
      <TotalProgramServiceRevenue>4587301</TotalProgramServiceRevenue>
      <InvestmentIncome>
        <TotalRevenueColumn>107</TotalRevenueColumn>
        <ExclusionAmount>107</ExclusionAmount>
      </InvestmentIncome>
      <IncomeFromInvestBondProceeds>
        <TotalRevenueColumn>0</TotalRevenueColumn>
      </IncomeFromInvestBondProceeds>
      <RoyaltiesRevenue>
        <TotalRevenueColumn>0</TotalRevenueColumn>
      </RoyaltiesRevenue>
      <NetRentalIncomeOrLoss>
        <TotalRevenueColumn>0</TotalRevenueColumn>
      </NetRentalIncomeOrLoss>
      <NetGainOrLossInvestments>
        <TotalRevenueColumn>0</TotalRevenueColumn>
      </NetGainOrLossInvestments>
      <NetIncomeFromFundraisingEvents>
        <TotalRevenueColumn>0</TotalRevenueColumn>
      </NetIncomeFromFundraisingEvents>
      <NetIncomeFromGaming>
        <TotalRevenueColumn>0</TotalRevenueColumn>
      </NetIncomeFromGaming>
      <NetIncomeOrLoss>
        <TotalRevenueColumn>0</TotalRevenueColumn>
      </NetIncomeOrLoss>
      <OtherRevenueMisc>
        <Description>MISCELLANEOUS INCOME</Description>
        <TotalRevenueColumn>550</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>550</RelatedOrExemptFunctionIncome>
      </OtherRevenueMisc>
      <TotalOtherRevenue>550</TotalOtherRevenue>
      <TotalRevenue>
        <TotalRevenueColumn>4790792</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>4587851</RelatedOrExemptFunctionIncome>
        <ExclusionAmount>107</ExclusionAmount>
      </TotalRevenue>
      <GrantsToDomesticOrgs>
        <Total>0</Total>
      </GrantsToDomesticOrgs>
      <GrantsToDomesticIndividuals>
        <Total>0</Total>
      </GrantsToDomesticIndividuals>
      <ForeignGrants>
        <Total>0</Total>
      </ForeignGrants>
      <BenefitsToMembers>
        <Total>0</Total>
      </BenefitsToMembers>
      <CompCurrentOfficersDirectors>
        <Total>185175</Total>
        <ProgramServices>166195</ProgramServices>
        <ManagementAndGeneral>18740</ManagementAndGeneral>
        <Fundraising>240</Fundraising>
      </CompCurrentOfficersDirectors>
      <CompDisqualPersons>
        <Total>0</Total>
      </CompDisqualPersons>
      <OtherSalariesAndWages>
        <Total>2210256</Total>
        <ProgramServices>1983655</ProgramServices>
        <ManagementAndGeneral>223650</ManagementAndGeneral>
        <Fundraising>2951</Fundraising>
      </OtherSalariesAndWages>
      <PensionPlanContributions>
        <Total>69178</Total>
        <ProgramServices>62087</ProgramServices>
        <ManagementAndGeneral>7001</ManagementAndGeneral>
        <Fundraising>90</Fundraising>
      </PensionPlanContributions>
      <OtherEmployeeBenefits>
        <Total>406811</Total>
        <ProgramServices>365104</ProgramServices>
        <ManagementAndGeneral>41165</ManagementAndGeneral>
        <Fundraising>542</Fundraising>
      </OtherEmployeeBenefits>
      <PayrollTaxes>
        <Total>208868</Total>
        <ProgramServices>187459</ProgramServices>
        <ManagementAndGeneral>21137</ManagementAndGeneral>
        <Fundraising>272</Fundraising>
      </PayrollTaxes>
      <FeesForServicesManagement>
        <Total>114000</Total>
        <ManagementAndGeneral>114000</ManagementAndGeneral>
      </FeesForServicesManagement>
      <FeesForServicesLegal>
        <Total>15247</Total>
        <ManagementAndGeneral>15247</ManagementAndGeneral>
      </FeesForServicesLegal>
      <FeesForServicesAccounting>
        <Total>14000</Total>
        <ManagementAndGeneral>14000</ManagementAndGeneral>
      </FeesForServicesAccounting>
      <FeesForServicesLobbying>
        <Total>0</Total>
      </FeesForServicesLobbying>
      <FeesForServicesProfFundraising>
        <Total>0</Total>
      </FeesForServicesProfFundraising>
      <FeesForServicesInvstMgmntFees>
        <Total>0</Total>
      </FeesForServicesInvstMgmntFees>
      <FeesForServicesOther>
        <Total>91735</Total>
        <ProgramServices>46100</ProgramServices>
        <ManagementAndGeneral>45635</ManagementAndGeneral>
      </FeesForServicesOther>
      <Advertising>
        <Total>3956</Total>
        <ProgramServices>3646</ProgramServices>
        <ManagementAndGeneral>306</ManagementAndGeneral>
        <Fundraising>4</Fundraising>
      </Advertising>
      <OfficeExpenses>
        <Total>0</Total>
      </OfficeExpenses>
      <InformationTechnology>
        <Total>0</Total>
      </InformationTechnology>
      <Royalties>
        <Total>0</Total>
      </Royalties>
      <Occupancy>
        <Total>676009</Total>
        <ProgramServices>606705</ProgramServices>
        <ManagementAndGeneral>68404</ManagementAndGeneral>
        <Fundraising>900</Fundraising>
      </Occupancy>
      <Travel>
        <Total>0</Total>
      </Travel>
      <TravelEntrtnmntPublicOfficials>
        <Total>0</Total>
      </TravelEntrtnmntPublicOfficials>
      <ConferencesMeetings>
        <Total>0</Total>
      </ConferencesMeetings>
      <Interest>
        <Total>3445</Total>
        <ManagementAndGeneral>3445</ManagementAndGeneral>
      </Interest>
      <PaymentsToAffiliates>
        <Total>0</Total>
      </PaymentsToAffiliates>
      <DepreciationDepletion>
        <Total>255761</Total>
        <ProgramServices>229541</ProgramServices>
        <ManagementAndGeneral>25880</ManagementAndGeneral>
        <Fundraising>340</Fundraising>
      </DepreciationDepletion>
      <Insurance>
        <Total>25389</Total>
        <ProgramServices>22958</ProgramServices>
        <ManagementAndGeneral>2399</ManagementAndGeneral>
        <Fundraising>32</Fundraising>
      </Insurance>
      <OtherExpenses>
        <Description>ADMINISTRATIVE</Description>
        <Total>71538</Total>
        <ProgramServices>57867</ProgramServices>
        <ManagementAndGeneral>13580</ManagementAndGeneral>
        <Fundraising>91</Fundraising>
      </OtherExpenses>
      <OtherExpenses>
        <Description>INSTRUCTIONAL SUPPLIES</Description>
        <Total>78791</Total>
        <ProgramServices>78791</ProgramServices>
      </OtherExpenses>
      <OtherExpenses>
        <Description>TECHNOLOGY AND COMMUNICATION</Description>
        <Total>88138</Total>
        <ProgramServices>79102</ProgramServices>
        <ManagementAndGeneral>8919</ManagementAndGeneral>
        <Fundraising>117</Fundraising>
      </OtherExpenses>
      <OtherExpenses>
        <Description>REPAIRS &amp; MAINTENANCE</Description>
        <Total>189065</Total>
        <ProgramServices>169682</ProgramServices>
        <ManagementAndGeneral>19131</ManagementAndGeneral>
        <Fundraising>252</Fundraising>
      </OtherExpenses>
      <AllOtherExpenses>
        <Total>78262</Total>
        <ProgramServices>66908</ProgramServices>
        <ManagementAndGeneral>11321</ManagementAndGeneral>
        <Fundraising>33</Fundraising>
      </AllOtherExpenses>
      <TotalFunctionalExpenses>
        <Total>4785624</Total>
        <ProgramServices>4125800</ProgramServices>
        <ManagementAndGeneral>653960</ManagementAndGeneral>
        <Fundraising>5864</Fundraising>
      </TotalFunctionalExpenses>
      <CashNonInterestBearing>
        <BOY>689771</BOY>
        <EOY>159513</EOY>
      </CashNonInterestBearing>
      <SavingsAndTempCashInvestments>
        <BOY>75188</BOY>
        <EOY>75293</EOY>
      </SavingsAndTempCashInvestments>
      <PledgesAndGrantsReceivable>
        <EOY>0</EOY>
      </PledgesAndGrantsReceivable>
      <AccountsReceivable>
        <BOY>30246</BOY>
        <EOY>6318</EOY>
      </AccountsReceivable>
      <ReceivablesFromOfficersEtc>
        <EOY>0</EOY>
      </ReceivablesFromOfficersEtc>
      <ReceivablesFromDisqualPersons>
        <EOY>0</EOY>
      </ReceivablesFromDisqualPersons>
      <OtherNotesLoansReceivableNet>
        <EOY>0</EOY>
      </OtherNotesLoansReceivableNet>
      <InventoriesForSaleOrUse>
        <EOY>0</EOY>
      </InventoriesForSaleOrUse>
      <PrepaidExpensesDeferredCharges>
        <BOY>4659</BOY>
        <EOY>8175</EOY>
      </PrepaidExpensesDeferredCharges>
      <LandBuildingsEquipmentBasis>1342219</LandBuildingsEquipmentBasis>
      <LandBldgEquipmentAccumDeprec>706468</LandBldgEquipmentAccumDeprec>
      <LandBuildingsEquipmentBasisNet>
        <BOY>253471</BOY>
        <EOY>635751</EOY>
      </LandBuildingsEquipmentBasisNet>
      <InvestmentsPubTradedSecurities>
        <EOY>0</EOY>
      </InvestmentsPubTradedSecurities>
      <InvestmentsOtherSecurities>
        <EOY>0</EOY>
      </InvestmentsOtherSecurities>
      <InvestmentsProgramRelated>
        <EOY>0</EOY>
      </InvestmentsProgramRelated>
      <IntangibleAssets>
        <EOY>0</EOY>
      </IntangibleAssets>
      <OtherAssetsTotal>
        <EOY>0</EOY>
      </OtherAssetsTotal>
      <TotalAssets>
        <BOY>1053335</BOY>
        <EOY>885050</EOY>
      </TotalAssets>
      <AccountsPayableAccruedExpenses>
        <BOY>743972</BOY>
        <EOY>566849</EOY>
      </AccountsPayableAccruedExpenses>
      <OtherLiabilities>
        <BOY>2500</BOY>
        <EOY>6170</EOY>
      </OtherLiabilities>
      <TotalLiabilities>
        <BOY>746472</BOY>
        <EOY>573019</EOY>
      </TotalLiabilities>
      <FollowSFAS117>X</FollowSFAS117>
      <UnrestrictedNetAssets>
        <BOY>231675</BOY>
        <EOY>236738</EOY>
      </UnrestrictedNetAssets>
      <TemporarilyRestrictedNetAssets>
        <BOY>75188</BOY>
        <EOY>75293</EOY>
      </TemporarilyRestrictedNetAssets>
      <TotalNetAssetsFundBalances>
        <BOY>306863</BOY>
        <EOY>312031</EOY>
      </TotalNetAssetsFundBalances>
      <TotalLiabNetAssetsFundBalances>
        <BOY>1053335</BOY>
        <EOY>885050</EOY>
      </TotalLiabNetAssetsFundBalances>
      <ReconcilationRevenueExpenses>5168</ReconcilationRevenueExpenses>
      <MethodOfAccountingAccrual>X</MethodOfAccountingAccrual>
      <AccountantCompileOrReview>false</AccountantCompileOrReview>
      <FSAudited>true</FSAudited>
      <FSAuditedBasis>
        <FinancialStatementSeparate>X</FinancialStatementSeparate>
      </FSAuditedBasis>
      <AuditCommittee>true</AuditCommittee>
      <FederalGrantAuditRequired>false</FederalGrantAuditRequired>
    </IRS990>
    <IRS990ScheduleA documentId="IRS990ScheduleA" softwareId="12000229" softwareVersion="2012v2.0">
      <School170b1Aii>X</School170b1Aii>
    </IRS990ScheduleA>
    <IRS990ScheduleB documentId="IRS990ScheduleB" softwareId="12000229" softwareVersion="2012v2.0">
      <ContributorInfo>
        <ContributorNumber>RESTRICTED</ContributorNumber>
        <ContributorNameBusiness>
          <BusinessNameLine1>RESTRICTED</BusinessNameLine1>
        </ContributorNameBusiness>
        <ContributorAddressUS>
          <AddressLine1>RESTRICTED</AddressLine1>
          <AddressLine2>RESTRICTED</AddressLine2>
          <City>RESTRICTED</City>
          <State>RESTRICTED</State>
          <ZIPCode>RESTRICTED</ZIPCode>
        </ContributorAddressUS>
        <AggregateContributions>RESTRICTED</AggregateContributions>
      </ContributorInfo>
    </IRS990ScheduleB>
    <IRS990ScheduleD documentId="IRS990ScheduleD" softwareId="12000229" softwareVersion="2012v2.0">
      <LeaseholdImprovements>
        <OtherCostOrOtherBasis>655227</OtherCostOrOtherBasis>
        <Depreciation>208730</Depreciation>
        <BookValue>446497</BookValue>
      </LeaseholdImprovements>
      <Equipment>
        <OtherCostOrOtherBasis>535902</OtherCostOrOtherBasis>
        <Depreciation>396081</Depreciation>
        <BookValue>139821</BookValue>
      </Equipment>
      <OtherLandBuildings>
        <OtherCostOrOtherBasis>151090</OtherCostOrOtherBasis>
        <Depreciation>101657</Depreciation>
        <BookValue>49433</BookValue>
      </OtherLandBuildings>
      <TotalOfBookValueLandBuildings>635751</TotalOfBookValueLandBuildings>
      <OtherLiabilities>
        <Description>DEFERRED RENT</Description>
        <Amount>6170</Amount>
      </OtherLiabilities>
      <TotalOfAmounts>6170</TotalOfAmounts>
      <FootnoteInPartXIII>X</FootnoteInPartXIII>
      <TotRevenueEtcAuditedFinclStmt>4790792</TotRevenueEtcAuditedFinclStmt>
      <RevenueSubtotal>4790792</RevenueSubtotal>
      <TotalRevenuePerForm990>4790792</TotalRevenuePerForm990>
      <TotExpensesEtcAuditedFinclStmt>4785624</TotExpensesEtcAuditedFinclStmt>
      <ExpensesSubtotal>4785624</ExpensesSubtotal>
      <TotalExpensesPerForm990>4785624</TotalExpensesPerForm990>
      <Form990ScheduleDPartXIII>
        <Identifier>Part X</Identifier>
        <ReturnReference>Part X : FIN48 Footnote</ReturnReference>
        <Explanation>Tax StatusIN July 5, 2005 Peninsula Preparatory Academy Charter School FILED AND received APPROVAL OF its APPLICATION FOR tax exempt status from the Internal Revenue Service under Section 501(c)(3) of the Internal Revenue Code and has been classified as a publicly supported organization as described in INTERNAL REVENUE Code Sec. 509(a)(1) and 170(b)(1)(A)(II).Management has determined that the Organization had no uncertain tax positions that would require financial statement recognition. The Organization is no longer subject to income tax examination by federal, state or local tax authorities for years before 2009, which is the standard statute of limitations look-back period.</Explanation>
      </Form990ScheduleDPartXIII>
    </IRS990ScheduleD>
    <IRS990ScheduleE documentId="IRS990ScheduleE" softwareId="12000229" softwareVersion="2012v2.0">
      <NondiscriminatoryPolicyStmt>true</NondiscriminatoryPolicyStmt>
      <PolicyStatementInBrochuresEtc>true</PolicyStatementInBrochuresEtc>
      <PolicyPublViaBroadcastMedia>true</PolicyPublViaBroadcastMedia>
      <MaintRacialCompositionRecords>true</MaintRacialCompositionRecords>
      <MaintScholarshipsRecords>true</MaintScholarshipsRecords>
      <MaintCopiesOfBrochuresEtc>true</MaintCopiesOfBrochuresEtc>
      <MaintCopiesOfAllSolicitations>true</MaintCopiesOfAllSolicitations>
      <DiscriminateRaceStudentsRights>false</DiscriminateRaceStudentsRights>
      <DiscriminateRaceAdmissPolicies>false</DiscriminateRaceAdmissPolicies>
      <DiscriminateRaceEmplmnFaculty>false</DiscriminateRaceEmplmnFaculty>
      <DiscriminateRaceScholarships>false</DiscriminateRaceScholarships>
      <DiscriminateRaceEducPolicies>false</DiscriminateRaceEducPolicies>
      <DiscriminateRaceUseOfFclts>false</DiscriminateRaceUseOfFclts>
      <DiscriminateRaceAthleticProg>false</DiscriminateRaceAthleticProg>
      <DiscriminateRaceOtherActy>false</DiscriminateRaceOtherActy>
      <GovernmentFinancialAidReceived>true</GovernmentFinancialAidReceived>
      <GovernmentFinancialAidRevoked>false</GovernmentFinancialAidRevoked>
      <ComplianceWithRevProc7550>true</ComplianceWithRevProc7550>
      <Form990ScheduleEPartII>
        <Identifier>Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized</Identifier>
        <Explanation>THE SCHOOL IS OPEN TO ALL CHILDREN ON A SPACE AVAILABLE BASIS WITHIN EACH GRADE RANGING FROM KINDERGARTEN THROUGH GRADE 5.THE SCHOOL'S ADMISSIONS POLICY AND PROCEDURES STATED THAT ADMISSION IS NOT BASED ON INTELLIGENCE, ACHIEVEMENT OR ATTITUDE, ATHLETIC ABILITY, DISABILITY, ETHNICITY, RACE, CREED, GENDER, NATIONAL ORIGIN, RELIGION OR ANCESTRY.</Explanation>
      </Form990ScheduleEPartII>
      <Form990ScheduleEPartII>
        <Identifier>Schedule E, Line 6 - Explanation of Aid or Assistance from Governmental Agency</Identifier>
        <Explanation>SCHEDULE E- EXPLANATION FOR LINE 6ATHE SCHOOL APPLIES FOR VARIOUS GOVERNMENT GRANTS EACH YEAR WHICH ARE BASED ON SEVERAL FACTORS SUCH AS TOTAL STUDENTS ENROLLED IN THE SCHOOL. REIMBURSEMENT UNDER PER-PUPIL GRANTS IS THE RESULT OF THE CALCULATION OF FULL-TIME EQUIVALENT STUDENTS ATTENDING THE SCHOOL MULTIPLIED BY A RATE DETERMINDED EACH YEAR BY NEW YORK STATE.</Explanation>
      </Form990ScheduleEPartII>
    </IRS990ScheduleE>
    <IRS990ScheduleO documentId="IRS990ScheduleO" softwareId="12000229" softwareVersion="2012v2.0">
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Line 19</Identifier>
        <ReturnReference>Form 990, Part VI, Line 19: Other Organization Documents Publicly Available</ReturnReference>
        <Explanation>ALL FINANCIAL STATEMENTS AND TAX RETURNS ARE OPEN FOR PUBLIC INSPECTION UPON REQUEST. ALL FINANCIAL STATEMENTS AND TAX RETURNS ARE SUBMITTED TO GRANT-MAKING GOVERNMENT AGENCIES. ALSO, THE ORGANIZATION TIMELY FILES ITS NYS CHAR 500 ANNUAL REPORT WITH THE OFFICE OF THE NY STATE ATTORNEY GENERAL. THE NYSOAG POSTS THE ORGANIZATION'S FINANCIAL STATEMENTS, FED 990 TAX RETURN AND THE NYS CHAR 500 ON ITS CHARITITES BUREAU INTERNET WEBSITE.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Line 15a</Identifier>
        <ReturnReference>Form 990, Part VI, Line 15a: Compensation Review &amp; Approval Process - CEO, Top Management</ReturnReference>
        <Explanation>A COMMITTEE OF THE BOARD EVALUATES THE PRINCIPAL'S COMPENSATION IN CONJUNCTION WITH INFORMATION AVAILABLE REGARDING COMPARABLE POSITIONS. THE COMMITTEE UTILIZES SALARY INFORMATION FROM OTHER CHARTER SCHOOLS IN IT'S DETERMINATION.OFFICERS AND BOARD MEMBERS DO NOT RECEIVE COMPENSATION.COMPENSATION FOR KEY EMPLOYEES SUCH AS MR. IRA VICTOR, THE SCHOOL PRINCIPAL, IS REVIEWED AND APPROVED BY THE BOARD.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Line 12c</Identifier>
        <ReturnReference>Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts</ReturnReference>
        <Explanation>DESCRIPTION OF PROCESS TO MONITOR TRANSACTIONS FOR CONFLICTS OF INTEREST.A. EACH COVERED PERSON SHALL ANNUALLY SIGN A STATEMENT THAT AFFIRMS THAT SUCH PERSON: 1. HAS RECEIVED A COPY OF THE POLICY. 2. HAS READ AND UNDERSTANDS THE POLICY. 3. HAS AGREED TO COMPLY WITH THE POLICY, AND 4. UNDERSTANDS THAT THE CORPORATION IS A CHARITABLE ORGANIZATION AND THAT IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION AND THE TRUST OF THE PUBLIC IT MUST DILIGENTLY AVOID CONFLICTS OF INTEREST OR THE APPEARANCE OF ANY CONFLICT AND ENGAGE PRIMARILY IN ACTIVITIES THAT ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES.B. THIS POLICY SHALL BE REVIEWED ANNUALLY FOR THE INFORMATION AND GUIDANCE OF COVERED PERSONS, AND ANY NEW COVERED PERSON SHALL BE ADVISED OF THE POLICY UPON BECOMING A COVERED PERSON AND SHALL FILE AN ANNUAL STATEMENT WITH THE CORPORATION.C. TO FURTHER THE PURPOSE OF THE DISCLOSURE PROVISIONS OF THIS POLICY.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Line 11b</Identifier>
        <ReturnReference>Form 990, Part VI, Line 11b: Form 990 Review Process</ReturnReference>
        <Explanation>OUTSIDE AUDITORS PREPARE A DRAFT 990 WHICH IS THEN DISTRIBUTED TO THE SCHOOL'S CHIEF BUSINESS OFFICER AND BOARD TREASURER FOR REVIEW. ANY CHANGES ARE THEN SUBMITTED TO THE AUDITORS AND A REVISED DRAFT SUBMITTED FOR APPROVAL BY THE BOARD TREASURER. THE RETURN IS REVIEWED AND DISCUSSED WITH THE FULL BOARD AND COPIES ARE AVAILABLE FOR EACH BOARD MEMBER.</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
  </ReturnData>
</Return>