2014-02-06T13:55:54-06:00 2013-06-30 161092347 MENGEL METZGER BARR & CO LLP 100 CHESTNUT STREET SUITE 1200 ROCHESTER NY 14604 990 2012-07-01 320279176 FAHARI ACADEMY CHARTER SCHOOL FAHA 7182825139 72 VERONICA PLACE NO 418 BROOKLYN NY 11226 STEPHANIE CLAGNAZ 7182825139 2014-02-04 1 MICHELLE CAIN P00150750 5854231860 2014-02-04 2012 2015-11-30 17:44:51Z STEPHANIE CLAGNAZ 72 VERONICA PLACE NO 418 BROOKLYN NY 11226 5162950 0 X WWW.FAHARIACADEMY.ORG X 2008 NY THE CHARTER SCHOOL'S MISSION IS TO SERVE GRADES FIVE THROUGH EIGHT IN THE FLATBUSH COMMUNITY. FAHARI ACADEMY CHARTER SCHOOL EDUCATES, SUPPORTS, CHALLENGES AND TRAINS SCHOLARS FOR SUCCESS IN COLLEGE. 6 6 81 7 0 0 148559 282008 3363182 4880894 34 48 2225 0 3514000 5162950 0 0 0 0 1905114 3968768 0 0 0 1713848 1427740 3618962 5396508 -104962 -233558 1234469 1109759 223742 332590 1010727 777169 THE CHARTER SCHOOL'S MISSION IS TO SERVE GRADES FIVE THROUGH EIGHT IN THE FLATBUSH COMMUNITY. FAHARI ACADEMY CHARTER SCHOOL EDUCATES, SUPPORTS, CHALLENGES AND TRAINS SCHOLARS FOR SUCCESS IN COLLEGE. 0 0 4399576 4880894 EDUCATIONAL SERVICES FOR STUDENTS IN GRADES 5-8 4399576 1 1 0 0 0 0 0 0 0 0 1 0 0 0 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 51 0 1 81 1 0 0 0 0 0 0 0 0 0 0 X 6 6 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X STEPHANIE CLAGNAZ PRINCIPAL 7182183185 72 VERONICA PLACE NO418 BROOKLYN NY 11226 STEVEN YAEGER 1.00 X X 0 0 0 DIRK TILLOTSON 45.00 X X 60142 0 0 THOMAS CAMPBELL 1.00 X X 0 0 0 JASON STARR 1.00 X X 0 0 0 ELIZABETH LENIG 1.00 X X 0 0 0 CHRISTINA BONNE-ANNEE 1.00 X 0 0 0 ALLISON PIERRE 1.00 X 0 0 0 CATINA VENNING 45.00 X 95465 0 4041 STEPHANIE CLAGNAZ 45.00 X 0 0 0 GLENN LIEBECK 45.00 X 106368 0 8588 261975 0 12629 1 0 0 0 SCHOOL PROFESSIONALS 420 LEXINGTON AVE 21ST FLOOR NEW YORK NY 10170 SUBSTITUTE TEACHING SERVICES 171119 FRIENDS OF BEDFORD INC 1325 EAST 96TH STREET BROOKLYN NY 11236 STUDENT ACADEMIC SERVICES 147249 CHARTER SCHOOL BUSINESS MANAGEMENT INC 237 WEST 35TH STREET SUITE 301 NEW YORK NY 10001 FINANCIAL SERVICES 123167 3 280617 1391 21034 282008 STATE & LOCAL PER PUPI 611600 4880894 4880894 4880894 48 48 5162950 4880894 0 48 159689 111783 47906 3185302 2667330 517972 41747 34748 6999 288170 239857 48313 293860 249678 44182 14588 14588 152306 152306 490875 460398 30477 68040 61216 6824 111731 52686 59045 119152 99177 19975 79851 66468 13383 22570 18786 3784 CURRICULUM & CLASSROOM 240741 237394 3347 PROFESSIONAL DEVELOPMEN 122819 95838 26981 FACILITY PERMITS AND RE 4262 3547 715 OTHER 805 670 135 5396508 4399576 996932 0 562847 708258 1002 1003 372658 51915 23938 52799 453450 157666 274024 295784 1234469 1109759 132057 128042 1090 91685 203458 223742 332590 X 1010727 777169 1010727 777169 1234469 1109759 -233558 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 453450 157666 295784 295784 ACCRUED PAYROLL AND BENEFITS 203458 203458 X 5162950 0 5162950 0 5162950 5396508 0 5396508 0 5396508 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: 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 HAS FILED FOR AND RECEIVED INCOME TAX EXEMPTIONS IN THE JURISDICTIONS WHERE IT IS REQUIRED TO DO SO. THE CHARTER SCHOOL FILES TAX RETURNS IN THE U.S. FEDERAL JURISDICTION. WITH FEW EXCEPTIONS, AS OF JUNE 30, 2013, THE CHARTER SCHOOL IS NO LONGER SUBJECT TO US FEDERAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR THE YEARS ENDED PRIOR TO JUNE 30, 2010. THE TAX RETURNS FOR THE YEARS ENDED JUNE 30, 2010 THROUGH JUNE 30, 2013 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. 1 1 1 1 0 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 THE ORGANIZATION'S POLICY IS POSTED ON THEIR WEBSITE AND IS INCLUDED ON THE SCHOOL APPLICATION. EXPLANATION OF DOCUMENT RETENTION SCHEDULE E, PART I, LINE 4 THE ORGANIZATION IS A FREE PUBLIC CHARTER SCHOOL, NO SCHOLARSHIPS OR FINANCIAL ASSISTANCE IS OFFERED. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 THE ORGANIZATION RECEIVES FEDERAL AND STATE GRANTS. FORM 990, PART VI, SECTION B, LINE 11 THE FINANCE COMMITTEE REVIEWS THE FORM 990 IN DETAIL. IT IS THEN PROVIDED TO THE BOARD FOR FINAL REVIEW AND IS THEN FILED. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE REQUIRED TO EVALUATE AND DISCLOSE CONFLICTS OF INTERESTS ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION B, LINE 15 THROUGH THE ANNUAL BUDGET APPROVAL PROCESS ALL COMPENSATION FOR KEY EMPLOYEES IS APPROVED BY SCHOOL BOARD OF TRUSTEES. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND CONFLICTS OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. FINANCIAL STATEMENTS ARE AVAILABLE ON WWW.GUIDESTAR.ORG. FORM 990, PART XII, LINE 2C THE PROCESS IS CONSISTENT WITH PRIOR YEARS.