2013-03-19T18:39:49-05:00 2012-06-30 952242818 VICENTI LLOYD & STUTZMAN LLP 2210 E ROUTE 66 SUITE 100 GLENDORA CA 91740 990 2011-07-01 200672173 SYNERGY ACADEMIES SYNE 3232357960 PO BOX 78999 LOS ANGELES CA 90016 ASHWIN VASAVADA 3232357960 2013-03-11 1 DERRICK DEBRUYNE P00591016 6268577300 2011 2016-02-25 16:41:14Z SYNERGY CHARTER ACADEMY SYNERGY KINETIC ACADEMY AND SYNERGY QUANTUM ACADEMY ASHWIN VASAVADA PO BOX 78999 LOS ANGELES CA 90016 9755754 0 X WWW.WEARESYNERGY.ORG X 2004 CA OPERATES CALIFORNIA CHARTER SCHOOLS. 11 11 100 15 0 0 5914540 9681122 0 0 3482 4462 21858 51367 5939880 9736951 0 0 0 0 2746805 4553741 0 0 0 2147190 2771825 4893995 7325566 1045885 2411385 2959037 5533080 602182 764840 2356855 4768240 X SYNERGY ACADEMIES' MISSION IS TO CREATE AND SHARE SOLUTIONS THAT ELIMINATE THE ACHIEVEMENT GAP. SYNERGY CREATES AND SHARES SOLUTIONS THROUGH THE OPERATION OF URBAN PUBLIC CHARTER SCHOOLS IN SOUTH LOS ANGELES THAT IMPLEMENT A HOLISTIC APPROACH TO EDUCATION, BELIEVE IN COLLECTIVE ACCOUNTABILITY, AND SHARE BEST PRACTICES THROUGH PROFESSIONAL COLLABORATION. 1 0 5100991 PUBLIC CHARTER SCHOOLS SERVICING GRADES K-5, 6-8, AND 9-11. 5100991 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 1 0 0 0 0 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 1 10 0 1 100 1 0 0 0 0 0 0 0 0 0 0 X 11 11 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X CHRISTINA VOGEL 3232357960 PO BOX 78999 LOS ANGELES CA 90016 JENNY PENA 2.00 X X 0 0 0 MASAKO CARPENTER 2.00 X X 0 0 0 JARED SOPKO 2.00 X X 0 0 0 TIFFANY SANDERS 2.00 X 0 0 0 ANA TERESA DAHAN 2.00 X 0 0 0 JOANN KOPLIN 2.00 X 0 0 0 DAVID WOOLLARD 2.00 X 0 0 0 ASHWIN VASAVADA 2.00 X 0 0 0 ERIC MEDINA 2.00 X 0 0 0 BRIAN HOLMAN 2.00 X 0 0 0 CHRIS CHANDLER 2.00 X 0 0 0 MARGARET PALISOC 40.00 X 88431 0 12315 RANDOLPH PALISOC 40.00 X 89283 0 12315 JENNIFER EPPS 40.00 X 78745 0 16872 RUSSELL LAWTON 40.00 X 71348 0 11519 BARBARA SHANNON 40.00 X 78647 0 30057 ERIKA CHUA 40.00 X 67683 0 16872 474137 0 99950 0 0 0 0 0 541121 9140001 9681122 4462 4462 66617 541121 18803 47814 47814 OTHER REVENUE 900099 3553 3553 3553 9736951 3553 0 52276 627763 476070 151693 3201406 2331757 869649 591391 430329 161062 133181 71052 62129 155754 155754 44888 44888 14085 14085 212548 167147 45401 736502 357106 379396 69570 69570 339666 199113 140553 17777 17777 11668 11668 24835 24835 157910 157910 SPECIAL EDUCATION 577635 577635 AFTER-SCHOOL PROGRAMS 257697 257697 151290 127012 24278 7325566 5100991 2224575 0 1449274 60181 2495583 1381362 2857142 100664 71992 241847 193665 27737 48182 2959037 5533080 413469 428791 188713 336049 602182 764840 X 2312798 4626729 44057 141511 2356855 4768240 2959037 5533080 2411385 0 X X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 241847 193665 48182 48182 PAYROLL LIABILITIES 336049 336049 9736951 7325566 2411385 2411385 9755754 18803 18803 9736951 0 9736951 7344369 18803 18803 7325566 0 7325566 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: SYNERGY HAS EVALUATED ITS TAX POSITIONS AND THE CERTAINTY AS TO WHETHER THOSE POSITIONS WILL BE SUSTAINED IN THE EVENT OF AN AUDIT BY TAXING AUTHORITIES AT THE FEDERAL AND STATE LEVELS. THE PRIMARY TAX POSITIONS EVALUATED ARE RELATED TO ITS CONTINUED QUALIFICATION AS A TAX-EXEMPT ORGANIZATION AND WHETHER THERE ARE UNRELATED BUSINESS INCOME ACTIVITIES CONDUCTED THAT WOULD BE TAXABLE. MANAGEMENT HAS DETERMINED THAT ALL INCOME TAX POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED UPON POTENTIAL AUDIT OR EXAMINATION; THEREFORE, NO DISCLOSURES OF UNCERTAIN INCOME TAX POSITIONS ARE REQUIRED. SYNERGY FILES INFORMATIONAL RETURNS IN THE U.S. FEDERAL JURISDICTION AND THE STATE OF CALIFORNIA. THE STATUTE OF LIMITATIONS FOR FEDERAL AND CALIFORNIA STATE PURPOSES IS GENERALLY THREE AND FOUR YEARS, RESPECTIVELY. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE 18,803. PART XIII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE 18,803. 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 SYNERGY ACADEMIES MAKES ITS NONDISCRIMINATORY POLICY KNOWN THROUGH THEIR WEBSITE AND ON THE STUDENT'S APPLICATIONS. SYNERGY DRAWS ITS STUDENTS FROM THE LOCAL COMMUNITY, AND CURRENTLY ENROLLS STUDENTS OF RACIAL MINORITY GROUPS IN MEANINGFUL NUMBERS (92.5% LATINO, 7% AFRICAN-AMERICAN, AND .5% OTHER). EXPLANATION OF DOCUMENT RETENTION SCHEDULE E, PART I, LINE 4 NO RECORDS DOCUMENTING SCHOLARSHIPS AND OTHER FINANCIAL ASSISTANCE ARE MAINTAINED AS NO FINANCIAL ASSISTANCE IS PROVIDED. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 AS A CHARTER SCHOOL, SYNERGY ACADEMIES WILL RECEIVE A PER ADA FEE FROM THE CALIFORNIA DEPARTMENT OF EDUCATION FOR EVERY PUPIL ATTENDING THE SCHOOL. ADDITIONALLY, SYNERGY ACADEMIES IS ELIGIBLE FOR LOCAL, STATE, AND FEDERAL PROGRAMS, AND CALIFORNIA LOTTERY FUNDS. WASHINGTON DC 25206 25206 2074 CHEESECAKE FUNDRAISER 7447 7447 4274 15 575085 541121 33964 12455 607738 541121 66617 18803 18803 47814 NEW PROGRAM SERVICES FORM 990, PART III, LINE 2 IN THE CURRENT YEAR, SYNERGY ACADEMIES ADDED A HIGH SCHOOL, GRADES 9-11. FORM 990, PART VI, SECTION A, LINE 2 MARGARET PALISOC, THE CEO AND CO-FOUNDER OF SYNERGY ACADEMIES, IS MARRIED TO RANDOLPH PALISOC, THE CHIEF ACHIEVEMENT OFFICER AND CO-FOUNDER OF SYNERGY ACADMIES. FORM 990, PART VI, SECTION B, LINE 11 THE 990 RETURN IS INITIALLY REVIEWED BY MANAGEMENT AND THEN REVIEWED BY THE BOARD PRIOR TO FILING THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C SYNERGY'S OFFICERS, DIRECTORS OR TRUSTEES, AND KEY EMPLOYEES COMPLETE FORM 700 EACH YEAR TO PUBLICLY DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST. FORM 700 IS A PUBLIC DOCUMENT, AND COPIES ARE RETAINED AT SYNERGY ACADMIES AND THE ORIGINALS ARE MAINTAINED BY THE LOS ANGELES UNIFIED SCHOOL DISTRICT. FORM 990, PART VI, SECTION B, LINE 15 SYNERGY ACADMIES HAS A COMPENSATION POLICY IN WHICH NO MANAGMENT OFFICAL INCLUDING DIRECTORS AND KEY EMPLOYEES MAY BE COMPENSATED WITHOUT BOARD APPROVAL. IN ADDITION, THE REASONABLENESS OF COMPENSATION WILL BE REVIEWED TO COMPARABLE DATA AND THE DELIBERATION AND DECISION OF THE REASONABLENESS OF THE COMPENSATION WILL BE DOCUMENTED IN THE CORPORATE MINUTE BOOKS. THIS PROCESS WILL REVIEW THE FAIRNESS OF ANY COMPENSATION TO THESE TOP MANAGEMENT OFFICALS UPON THEIR HIRE OR CHANGE IN COMPENSATION. FORM 990, PART VI, SECTION C, LINE 18 THE SCHOOL PROVIDES A COPY OF THE 990 TO THE PUBLIC UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL PROVIDES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS AN AUDIT COMMITTEE THAT IS RESPONSIBLE FOR OVERSEEING THE AUDIT AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM PREVIOUS YEAR.