2014-11-03T12:24:30-06:00 2014-06-30 161092347 MENGEL METZGER BARR & CO LLP 100 CHESTNUT STREET SUITE 1200 ROCHESTER NY 14604 990 2013-07-01 274521733 INNOVATE MANHATTAN CHARTER SCHOOL INNO 2124324310 38 DELANCEY STREET 3RD FLOOR NEW YORK NY 10002 CARL ALOI TREASURER 2124324310 2014-10-31 1 SHELBY L STENSON P00440078 5854231860 2014-10-31 2013 2015-11-30 17:44:51Z CARL ALOI 38 DELANCEY STREET 3RD FLOOR NEW YORK NY 10002 2732793 0 X WWW.INNOVATEMANHATTANCHARTERSCHOOOL.ORG X 2010 NY THE MISSION OF INNOVATE MANHATTAN CHARTER SCHOOL IS TO CULTIVATE IN OUR STUDENTS THE UNITY OF KNOWLEDGE, SKILLS, AND PERSONAL DEVELOPMENT THAT CONSTITUTES THE EMPOWERED INDIVIDUAL. IT IS FUNDAMENTAL TO OUR EDUCATIONAL CONCEPT THAT ALL PEOPLE ARE DIFFERENT, LEARN IN DIFFERENT WAYS AND AT DIFFERENT RATES, AND HAVE THE RIGHT TO A PERSONAL CHALLENGE EVERY DAY. THEREFORE, WE CONTRIBUTE TO THE QUALITY AND MOSAIC OF EDUCATIONAL INNOVATIONS IN NEW YORK BY OFFERING OUR 6TH-8TH GRADERS A COHERENT MODEL FOR PERSONALIZED EDUCATION THAT IS BASED ON INDIVIDUAL COACHING, GOALS, AND ACCOUNTABILITY COMBINED WITH STATE-OF-THE-ART LEARNING TECHNOLOGY AND THE INTERNATIONAL EXCHANGE OF IDEAS AND EXPERIENCES. UPON GRADUATION, ALL INNOVATE STUDENTS WILL HAVE ACHIEVED MORE THAN THEY THOUGHT POSSIBLE AND BE POISED FOR SUCCESS IN HIGH SCHOOL AND COLLEGE WHILE LIVING A FULFILLED, PURPOSEFUL LIFE. 8 8 35 11 0 0 547694 180620 2716351 2519591 -5151 -1237 0 26986 3258894 2725960 0 0 0 0 1890341 1375422 0 0 0 1479293 1648640 3369634 3024062 -110740 -298102 2610947 2305550 2117179 2109884 493768 195666 X THE MISSION OF INNOVATE MANHATTAN CHARTER SCHOOL IS TO CULTIVATE IN OUR STUDENTS THE UNITY OF KNOWLEDGE, SKILLS, AND PERSONAL DEVELOPMENT THAT CONSTITUTES THE EMPOWERED INDIVIDUAL. IT IS FUNDAMENTAL TO OUR EDUCATIONAL CONCEPT THAT ALL PEOPLE ARE DIFFERENT, LEARN IN DIFFERENT WAYS AND AT DIFFERENT RATES, AND HAVE THE RIGHT TO A PERSONAL CHALLENGE EVERY DAY. THEREFORE, WE CONTRIBUTE TO THE QUALITY AND MOSAIC OF EDUCATIONAL INNOVATIONS IN NEW YORK BY OFFERING OUR 6TH-8TH GRADERS A COHERENT MODEL FOR PERSONALIZED EDUCATION THAT IS BASED ON INDIVIDUAL COACHING, GOALS, AND ACCOUNTABILITY COMBINED WITH STATE-OF-THE-ART LEARNING TECHNOLOGY AND THE INTERNATIONAL EXCHANGE OF IDEAS AND EXPERIENCES. UPON GRADUATION, ALL INNOVATE STUDENTS WILL HAVE ACHIEVED MORE THAN THEY THOUGHT POSSIBLE AND BE POISED FOR SUCCESS IN HIGH SCHOOL AND COLLEGE WHILE LIVING A FULFILLED, PURPOSEFUL LIFE. 0 0 2538255 2527832 UPON ENTERING INNOVATE, THE STUDENT AND HER FAMILY WILL MEET HER PERSONAL COACH. TOGETHER THEY IDENTIFY THE STUDENT'S LONG-TERM EDUCATIONAL GOALS. THESE LONG-TERM GOALS ARE DOCUMENTED IN THE EDUCATIONAL DOCUMENTATION SYSTEM (EDS), AND THE STUDENT'S PERSONALIZED STRATEGIES FOR LEARNING ARE ESTABLISHED. ALL STUDENTS ARE ASSESSED AS THEY ENTER INNOVATE TO DETERMINE WHAT KNOWLEDGE THEY HAVE GAINED PREVIOUSLY. WE THEN PERSONALIZE THEIR LEARNING PLAN ACCORDING TO WHERE THEY ARE AND WHERE THEY NEED TO GO. ALL SUBJECTS AT INNOVATE ARE ORGANIZED AS STEP COURSES OR THEMATIC COURSES. EVERY STUDENT AT INNOVATE MEETS WITH THEIR COACH FOR A 15-MINUTE STRUCTURED COACHING SESSION EACH AND EVERY WEEK. THE COACH AND STUDENT COLLABORATE TO DEFINE THE STUDENT'S GOALS, FIND THE RIGHT LEARNING STRATEGIES AND MIX OF ACADEMIC SESSIONS TO MEET THEM, AND REFLECT ON HER OR HIS CHALLENGES AND ACHIEVEMENTS. 2538255 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 7 0 1 35 1 0 0 0 0 0 0 0 0 0 0 X 8 8 0 1 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 X X DAVID PENBERG 2124324310 38 DELANCEY STREET 3RD FLOOR NEW YORK NY 10002 SIMEON STOLZBERG PARTIAL YEAR TRUSTEE/CHAIR 1.00 X X 0 0 0 CLAUDIA HINDO PARTIAL YEAR TRUSTEE/SECRETARY 1.00 X X 0 0 0 SHEREEN BEYDOUN TRUSTEE 1.00 X 0 0 0 CARL ALOI PRESIDENT / TREASURER 1.00 X X 0 0 0 NATASHA LIFTON PARTIAL YEAR TRUSTEE 1.00 X 0 0 0 ELLEN BAKST TRUSTEE 1.00 X 0 0 0 KATHY MONE VICE-PRESIDENT 1.00 X X 0 0 0 VINCENT CHOI SECRETARY 1.00 X X 0 0 0 ANITA HAMMOND TRUSTEE 1.00 X 0 0 0 LINDA CORRIN TRUSTEE 1.00 X 0 0 0 JESSICA BLOOMGARDEN TRUSTEE 1.00 X 0 0 0 GAYLA THOMPSON HEAD OF SCHOOL THRU 6/26/13 45.00 X 55014 0 0 DAVID PENBERG HEAD OF SCHOOL 45.00 X 0 0 0 PETER KATCHER ASSOCIATE HEAD OF SCHOOL 45.00 X 0 0 0 SIMI BINDRA HEAD OF SCHOOL 7/1/13-9/30/13 45.00 X 0 0 0 55014 0 0 0 0 0 0 KUNSKAPSSKOLAN 349 5TH AVE NEW YORK NY 10016 RENT 515316 KUNSKAPSSKOLAN 349 5TH AVE NEW YORK NY 10016 CONSULTING SERVICES 217532 CHARTER SCHOOL BUSINESS MANAGEMENT INC 237 WEST 35TH STREET SUITE 301 NEW YORK NY 10001 FINANCIAL MANAGEMENT SERVICES 106795 3 174763 5857 9933 180620 STATE AND LOCAL PER PU 611600 2519591 2519591 2519591 95 95 17413 0 17413 17413 17413 5501 6833 -1332 -1332 -1332 INSURANCE RECOVERY 900099 8898 8898 MISCELLANEOUS 900099 675 675 9573 2725960 2527832 0 17508 1118051 1012377 105674 22589 20565 2024 134121 121444 12677 100661 91147 9514 217532 184902 32630 6770 6770 115715 115715 25799 22387 3412 20811 20424 387 37517 27585 9932 39442 35714 3728 645509 584498 61011 83330 83330 362737 328452 34285 24276 21982 2294 CIRRICULUM & CLASSROOM 47067 47067 STUDENT SERVICES 10256 10256 PROFESSIONAL DEVELOPMEN 10066 9455 611 BAD DEBT 1582 1582 231 231 3024062 2538255 485807 0 24579 38029 50056 75123 13167 28573 21014 3057 2717477 718919 2344596 1998558 157535 162210 2610947 2305550 39388 102037 3163 12413 1601043 1554310 16892 0 456693 441124 2117179 2109884 X 493768 195666 493768 195666 2610947 2305550 -298102 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2013452 332673 1680779 704025 386246 317779 1998558 SECURITY DEPOSIT 162210 162210 ACCRUED EXPENSES 55332 ACCRUED PAYROLL 122410 OTHER ACCRUED LIABILITIES 124000 DEFERRED LEASE LIABILITY 139382 441124 X 2951536 224244 1332 225576 2725960 0 2725960 3249638 224244 1332 225576 3024062 0 3024062 PART X, LINE 2: THE CHARTER SCHOOL IS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND APPLICABLE STATE REGULATIONS AND, ACCORDINGLY, IS EXEMPT FROM FEDERAL AND STATE TAXES ON INCOME. THE CHARTER SCHOOL FILES FORM 990 TAX RETURNS IN THE U.S. FEDERAL JURISDICTION. THE TAX RETURNS FOR THE YEARS ENDED JUNE 30, 2012 THROUGH JUNE 30, 2014 ARE STILL SUBJECT TO POTENTIAL AUDIT BY THE IRS. MANAGEMENT OF THE CHARTER SCHOOL BELIEVES IT HAS NO MATERIAL UNCERTAIN TAX POSITIONS AND, ACCORDINGLY IT WILL NOT RECOGNIZE ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS. PART XI, LINE 2D - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF ASSETS 1,332. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF ASSETS 1,332. 1 1 1 1 0 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL DISSEMINATES ITS POLICY ON OUTREACH MATERIAL, APPLICATIONS AND ITS WEBSITE. SCHEDULE E, PART I, LINE 4 THE SCHOOL IS A FREE PUBLIC CHARTER SCHOOL, NO SCHOLARSHIPS OR FINANCIAL ASSISTANCE IS OFFERED. SCHEDULE E, PART I, LINE 6 THE SCHOOL RECEIVES PER PUPIL FUNDING FROM NYS BOARD OF EDUCATION UNDER THEIR CHARTER AGREEMENT. THE SCHOOL ALSO RECEIVES VARIOUS FEDERAL, STATE, AND CITY FUNDS. FORM 990, PART VI, SECTION A, LINE 3 THE CHARTER SCHOOL HAS A LICENSING AND CONSULTING SERVICES AGREEMENT WITH KUNSKAPSSKOLAN USA, INC. ("KUSA") TO PROVIDE A COMPREHENSIVE EDUCATION PROGRAM AND CONSULTING TO IMPLEMENT THE PROGRAM. EFFECTIVE OCTOBER 2013, THE CHARTER SCHOOL AMENDED THE AGREEMENT WITH KUSA TO PROVIDE MANAGEMENT AND CONSULTING SERVICES AS WELL AS HIRING, SUPERVISING, AND PERFORMANCE MANAGING THE HEAD AND ASSISTANT HEAD OF THE SCHOOL. THE CHARTER SCHOOL PAID $217,532 TO KUSA FOR REIMBURSEMENT OF THE HIRING, SUPERVISING, AND PERFORMANCE MANAGING OF THE HEAD AND ASSISTANT HEAD OF SCHOOL. OF THE $217,532 PAID TO KUSA THE CHARTER SCHOOL REIMBURSED SALARIES OF $41,684 FOR SIMI BINDRA (HEAD OF SCHOOL 7/1/13-9/30/13), $104,690 FOR DAVID PENBERG (HEAD OF SCHOOL STARTING 12/23/13), AND $48,184 FOR PETER KATCHER (ASSISTANT HEAD OF THE SCHOOL). KUSA PROVIDED IN-KIND SERVICES OF $224,244 DURING THE YEAR ENDED JUNE 30, 2014 FOR THE LICENSING AND CONSULTING SERVICES PROVIDED THE CHARTER SCHOOL. KUSA RENTS THE SCHOOL FACILITY TO THE CHARTER SCHOOL AND RECEIVED RENT OF $515,316 FROM THE CHARTER SCHOOL DURING THE YEAR ENDED JUNE 30, 2014. THE CHARTER SCHOOL HAS A NOTE PAYABLE TO KUSA OF $1,554,311 AS OF JUNE 30, 2014. FORM 990, PART VI, SECTION A, LINE 8B THE SCHOOL DOCUMENTED ALL MEETINGS OF THE BOARD DURING THE YEAR, HOWEVER DID NOT DOCUMENT ALL THE MEETINGS OF THE FINANCE COMMITTEE. THE SCHOOL INTENDS TO DOCUMENT ALL FUTURE FINANCE COMMITTEE MEETINGS. FORM 990, PART VI, SECTION B, LINE 11 THE DRAFT FORM 990 IS REVIEWED BY THE HEAD OF SCHOOL AND THE FINANCE COMMITTEE. THE BOARD APPROVES FORM 990 WHICH IS THEN SIGNED BY THE BOARD DESIGNEE. FORM 990, PART VI, SECTION B, LINE 12C THE SCHOOL CONTINUALLY MONITORS AND ANNUALLY SURVEYS TRUSTEES, OFFICERS, AND KEY EMPLOYEES IN ORDER TO IDENTIFY POSSIBLE CONFLICTS OF INTEREST. MEMBERS ARE REQUIRED TO DISCLOSE INFORMATION ABOUT THE INTEREST WHICH COULD LEAD TO CONFLICTS OF INTEREST TO THE CHAIRPERSON OF THE BOARD. IN REGARDS TO ACTUAL OR APPARENT CONFLICTS OF INTEREST, A DIRECTOR SHALL: 1) REFRAIN FROM ANY USE OF THEIR POSITION AS A DIRECTOR WHICH IS MOTIVATED BY, OR GIVES THE APPEARANCE OF BEING MOTIVATED BY, THE DESIRE FOR GAIN FOR THE DIRECTOR OR FOR OTHER PERSON OR ORGANIZATION WITH WHICH HE/SHE IS ASSOCIATED; 2) DISQUALIFY HIMSELF/HERSELF FROM FORMAL OR INFORMAL DISCUSSION WITH DIRECTORS OR PARTICIPATION IN ANY DECISIONS WHICH POSE A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE SCHOOL SEEKS TO ENSURE THAT COMPENSATION IS REASONABLE AND REPRESENTS THE FAIR MARKET VALUE FOR SERVICES RENDERED. COMPARABLE DATA IS USED BY THE BOARD WHEN DETERMINING THE COMPENSATION OF OFFICERS AND KEY EMPLOYEES. THE SCHOOL SETS COMPENSATION WITHIN THE RANGE OF THE GOING MARKET RATE. NO INDIVIDUAL HAVING A CONFLICT OF INTEREST UNDER THE SCHOOL'S CONFLICT OF INTEREST POLICY IS PERMITTED TO PARTICIPATE IN THE REVIEW OR DECISION MAKING PROCESS. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE LOCATED AT THE SCHOOL AND ARE AVAILABLE UPON REQUEST. THEY ARE ALSO AVAILABLE ON GUIDESTAR.ORG FORM 990, PART XII, LINE 2C THE PROCESS IS CONSISTENT WITH PRIOR YEARS.