2014-01-23T11:21:43-06:00 2013-06-30 420714325 MCGLADREY LLP 1185 AVENUE OF THE AMERICAS NEW YORK NY 100362602 990 2012-07-01 161571685 FRIENDS OF BRONX PREPARATORY CHARTER SCHOOL INC FRIE 7182940841 3872 THIRD AVENUE BRONX NY 10457 EDWINA BRANCH SMITH 7182940841 2014-01-23 1 MARTIN GREIF P00029738 2123721000 2012 2015-11-30 17:44:51Z EDWINA BRANCH SMITH 3872 THIRD AVENUE BRONX NY 10457 924100 0 X WWW.BRONXPREP.ORG X 2000 NY PROVIDE SUPPORT TO BRONX PREPARATORY CHARTER SCHOOL, WHOSE MISSION IS TO PREPARE UNDERSERVED MIDDLE AND HIGH SCHOOL STUDENTS FOR HIGHER EDUCATION, COMMUNITY INVOLVEMENT AND LIFELONG SUCCESS THROUGH A STRUCTURED, CARING ENVIRONMENT OF HIGH ACADEMIC EXPECTATIONS. 16 16 4 16 0 0 171770 153065 0 0 2041 10135 97696 253254 271507 416454 0 0 0 0 251404 280691 0 0 112448 150790 135525 402194 416216 -130687 238 15780437 15576179 340799 151617 15439638 15424562 PROVIDE SUPPORT TO BRONX PREPARATORY CHARTER SCHOOL, WHOSE MISSION IS TO PREPARE UNDERSERVED MIDDLE AND HIGH SCHOOL STUDENTS FOR HIGHER EDUCATION, COMMUNITY INVOLVEMENT AND LIFELONG SUCCESS THROUGH A STRUCTURED, CARING ENVIRONMENT OF HIGH ACADEMIC EXPECTATIONS. 0 0 180041 SUPPORT PROVIDED TO THE BRONX PREPARATORY CHARTER SCHOOL. IN FISCAL YEAR 2013, THE ORGANIZATION CONTINUED ITS ONGOING CAPITAL AND OPERATIONS SUPPORT. 180041 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 X 0 0 4 1 0 0 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X ZAID MOHAMMED 7182940841 3872 THIRD AVENUE BRONX NY 10457 X LILIETH FERGUSON 1.00 1.00 X 0 0 0 LEE FLANAGAN 1.00 1.00 X 0 0 0 NANCY GARVEY 1.00 1.00 X 0 0 0 PHIL GELSTON 1.00 1.00 X 0 0 0 KRISTEN MACLEOD 1.00 1.00 X 0 0 0 KRISTIN KEARNS JORDAN 1.00 1.00 X 0 0 0 SCOTT NELSON 1.00 1.00 X 0 0 0 ANDREW PAUL 1.00 1.00 X 0 0 0 RICHARD SCHUBART 1.00 1.00 X 0 0 0 COURTNEY B THOMAS 1.00 1.00 X 0 0 0 RAVI SURIA 1.00 1.00 X 0 0 0 PHILIP WHARTON 1.00 1.00 X 0 0 0 YULIANA KIM-GRANT 1.00 1.00 X 0 0 0 DEBORAH L EVANGELAKOS 1.00 1.00 X 0 0 0 KAVITA DOLAN 1.00 1.00 X 0 0 0 BRIAN BERGER 1.00 1.00 X 0 0 0 ZAID MOHAMMED 18.00 22.00 X 56488 69041 19577 EDWINA BRANCH-SMITH 14.00 26.00 X 65056 120819 0 121544 189860 19577 0 0 1 0 0 8995 144070 153065 1048 1048 704100 470639 233461 233461 233461 41007 31920 9087 9087 9087 11537 8995 5087 6450 6450 OTHER INCOME 900099 13343 13343 13343 416454 0 0 263389 138843 49801 44824 44218 111207 39889 35902 35416 2617 939 844 834 11765 4220 3799 3746 16259 5832 5249 5178 2964 2964 122 122 829 829 98137 64010 22751 11376 COLLEGE PREPARATION PRO 15200 15200 FUNDRAISING 11680 11680 LOSS ON DISPOSAL OF FIX 6443 6443 ENRICHMENT FEES & CURRI 150 150 416216 180041 123727 112448 77410 176310 286028 437221 2500 19585418 4692069 15400269 14893349 52380 14230 16919 15780437 15576179 4204 1059 336595 150558 340799 151617 X 15439638 15419562 5000 15439638 15424562 15780437 15576179 238 -15314 0 X 0 1 X 1 0 X X 0 0 0 BRONX PREPARATORY CHARTER SCHOOL 061581474 2 1 1 1 180041 1 180041 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 658614 658614 17921009 3842293 14078716 709061 604245 104816 296734 245531 51203 14893349 DUE FROM AFFILIATE - 501 (C)(3) ORGANIZATION 150558 150558 X 11968109 -15314 11566969 11551655 416454 0 416454 12108364 11692148 11692148 416216 0 416216 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT FRIENDS OF BRONX PREPARATORY CHARTER SCHOOL (THE "FRIENDS") IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE "CODE") AND FROM STATE AND LOCAL INCOME TAXES. THE FRIENDS IS SUBJECT TO UNRELATED BUSINESS INCOME TAX ("UBIT"), IF APPLICABLE. FOR THE YEARS ENDED JUNE 30, 2013 AND 2012, FRIENDS DID NOT OWE ANY UBIT. MANAGEMENT EVALUATED THE ORGANIZATION'S TAX POSITIONS AND CONCLUDED THAT THE ORGANIZATION HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THESE FINANCIAL STATEMENTS. 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: RENTAL EXPENSES AGAINST RENTAL INCOME 470,639. BRONX PREPARATORY CHARTER SCHOOL 11,091,243. FUNDRAISING EXPENSE NETTED AGAINST FUNDRAISING REVENUE 5,087. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES AGAINST RENTAL INCOME 470,639. BRONX PREPARATORY CHARTER SCHOOL 11,216,422. FUNDRAISING EXPENSE NETTED AGAINST FUNDRAISING REVENUE 5,087. COUNCIL EVENTS 20532 8995 11537 5087 20532 8995 11537 5087 5087 6450 X X X X 0 0 0 0 0 0 0 1 0 EDWINA BRANCH-SMITH 61556 114319 3500 6500 0 0 0 0 0 0 65056 120819 0 0 PART I, LINE 7 EDWINA BRANCH-SMITH RECEIVED NON-FIXED PAYMENTS IN THE FORM OF BONUS DURING THE YEAR ENDED 2012 IN THE AMOUNT OF 10,000. BONUSES ARE BASED ON THE BOARD'S DISCRETION. FILING OF EMPLOYMENT TAX RETURNS: FORM 990, PART V, LINE 2B THE TAXPAYER HAS A RELATIONSHIP WITH COMMON PAYMASTER, BRONX PREPARATORY CHARTER SCHOOL (TAX ID #06-1581474) WHO FILED 4 W2'S AND PAYROLL TAX RETURNS FORM 941'S. FORM 990, PART VI, SECTION B, LINE 11 THE 990 IS INITIALLY REVIEWED BY THE AUDIT COMMITTEE OF THE BOARD AND THEN DISTRIBUTED TO EACH BOARD MEMBER FOR ADDITIONAL REVIEW AND COMMENT PRIOR TO SUBMISSION TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C EACH TRUSTEE, OFFICER AND KEY EMPLOYEE IS REQUIRED YEARLY TO COMPLETE A DISCLOSURE OF FINANCIAL INTEREST FORM THAT DOCUMENTS EXISTING AND POTENTIAL CONFLICTS OF INTEREST. MANAGEMENT MONITORS POTENTIAL CONFLICTS AND REPORTS, IF NECESSARY, TO BOARD LEADERSHIP. FORM 990, PART VI, SECTION B, LINE 15 THE HEAD OF SCHOOL'S COMPENSATION WAS NEGOTIATED AT THE TIME OF INITIAL EMPLOYMENT IN 2011 BASED ON COMPARABLE DATA PROVIDED BY THE NEW YORK CITY CHARTER SCHOOL CENTER AND NON-PROFIT COORDINATING COMMITTEE SURVEY DATA. SUBSEQUENT INCREASES HAVE BEEN NOMINAL FOR ALL ADMINISTRATORS DUE TO FINANCIAL CIRCUMSTANCES IN NEW YORK STATE PUBLIC SCHOOLS. A PROCESS THAT INCLUDES SURVEY OF COMPARABLE POSITIONS AND PERFORMANCE EVALUATION IS IN PLACE FOR FUTURE YEARS. COMPENSATION OF OTHER OFFICERS AND KEY EMPLOYEES IS DETERMINED BY A NUMBER OF FACTORS, INCLUDING PERFORMANCE EVALUATION AND COMPARISON WITH COMPENSATION INFORMATION FROM THE NEW YORK CITY CHARTER SCHOOL CENTER, THE NEW YORK CITY DEPARTMENT OF EDUCATION, AND THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS. CONTEMPORANEOUS SUBSTANTIATION OF THE COMPENSATION DISCUSSIONS AND DETERMINATION REGARDING THE COMPENSATION ARRANGEMENT IS DOCUMENTED IN THE BOARD MINUTES. FORM 990, PART VI, SECTION C, LINE 19 BY LAW, BOARD OF TRUSTEE MEETINGS ARE OPEN TO THE PUBLIC, WITH MEETING TIMES AND LOCATIONS ANNOUNCED PUBLICLY AHEAD OF TIME. MATERIALS DISTRIBUTED AT MEETINGS, INCLUDING BUDGETS AND FINANCIAL STATEMENTS, ARE AVAILABLE TO ALL PRESENT. BECAUSE BRONX PREP AND FRIENDS OF BRONX PREP BUDGET AND REPORT ON A CONSOLIDATED BASIS, THIS INFORMATION IS AVAILABLE FOR BOTH ORGANIZATIONS. DETAILED REPORT ON BRONX PREP'S AUTHORIZER VISITS, RENEWAL REPORTS, ACCOUNTABILITY PLAN PROGRESS, AND STATE EDUCATION DEPARTMENT REPORT CARD ARE AVAILABLE ON THE SUNY CHARTER SCHOOLS INSTITUTE WEBSITE: WWW.NEWYORKCHARTERS.ORG UNDER THE FREEDOM OF INFORMATION LAW, INFORMATION IS ALSO AVAILABLE ON-SITE AT THE SCHOOL AND UPON REQUEST. FORMS 990 ARE POSTED AT WWW.GUIDESTAR.ORG. 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 PREPARATORY CHARTER SCHOOL 3872 THIRD AVENUE BRONX NY 10457 061581474 EDUCATION NY 501(C)(3) 2 N/A 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 0