2013-05-15T16:27:53-05:00 2012-06-30 621152935 ZOCCOLA KAPLAN PLLC 6800 POPLAR AVENUE STE 210 GERMANTOWN TN 38138 990 2011-07-01 943487601 READ FOUNDATION READ 9013677814 4450 S MENDENHALL RD MEMPHIS TN 38141 AZAMAT KOLBAEV 9013677814 2013-05-15 1 MARCUS ROUNTREE P00747095 9015238283 2011 2016-02-24 21:20:13Z MEMPHIS SCHOOL OF EXCELLENCE AZAMAT KOLBAEV 4450 S MENDENHALL RD MEMPHIS TN 38141 3211048 0 X WWW.SEMEMPHIS.ORG X 2009 TN TO OPERATE AN ALTERNATIVE SCHOOL TO IMPROVE THE LEARNING OF STUDENTS WITH SPECIAL NEEDS AS SPECIFIED IN THE FEDERAL INDIVIDUALS WITH DISABILITIES EDUCATION ACT. 5 5 42 20 0 0 604180 681697 2358620 2529351 0 0 0 0 2962800 3211048 0 0 0 0 1192230 1584529 0 0 0 774832 1079814 1967062 2664343 995738 546705 1963288 2380884 967550 910676 995738 1470208 TO OPERATE AN ALTERNATIVE SCHOOL TO IMPROVE THE LEARNING OF STUDENTS WITH SPECIAL NEEDS AS SPECIFIED IN THE FEDERAL INDIVIDUALS WITH DISABILITIES EDUCATION ACT. 0 0 1485959 2529351 OPERATES AN ALTERNATIVE SCHOOL TO IMPROVE THE LEARNING OF STUDENTS WITH SPECIAL NEEDS AS SPECIFIED IN THE FEDERAL INDIVIDUALS WITH DISABILITIES EDUCATION ACT. 1485959 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 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 0 1 8 0 1 42 1 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 1 0 X X AZAMAT KOLBAEV 9013677814 4450 S MENDENHALL RD MEMPHIS TN 38141 X CEM AKKUS 2.00 X X 0 0 0 OZGENC AKTAS-KOCAK 2.00 X X 0 0 0 MUTLU CELIKOK 2.00 X X 0 0 0 EMIN KUSCU 2.00 X X 0 0 0 ROBERT P CONNOLLY 2.00 X 0 0 0 0 0 0 0 0 0 0 0 681697 681697 GRANT REVENUE 611710 2255251 2255251 OTHER CAPITAL OUTLAY 611710 223980 223980 STUDENT SERVICES 611710 46317 46317 SCHOOL LUNCHES 611710 3803 3803 2529351 3211048 2529351 0 0 1229674 998883 230791 111203 89703 21500 144970 113549 31421 98682 80724 17958 37470 37470 7950 7950 103726 11182 92544 389117 389117 157009 157009 34576 32993 1583 15126 15126 194698 23611 171087 INSTRUCTIONAL SUPPLIES 83644 83644 TEXTBOOKS 30801 30801 STAFF DEVELOPMENT 19615 14787 4828 FOOD EXPENSE 6082 6082 2664343 1485959 1178384 0 183161 125194 54447 17224 50000 50000 2474009 285543 1675680 2188466 1963288 2380884 21730 38530 945820 872146 967550 910676 X 995738 1470208 995738 1470208 1963288 2380884 X 546705 -72235 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2231697 231140 2000557 242312 54403 187909 2188466 3211048 2664343 546705 -72235 -72235 474470 3211048 0 3211048 0 3211048 2664343 0 2664343 0 2664343 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE SCHOOL ADOPTED THE INCOME TAX TOPIC OF THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC) 740, WHICH PROVIDES GUIDANCE FOR HOW UNCERTAIN TAX POSITIONS SHOULD BE RECOGNIZED, MEASURED, PRESENTED AND DISCLOSED IN THE FINANCIAL STATEMENTS. THE SCHOOL IS REQUIRED TO EVALUATE THE INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN TO DETERMINE WHETHER THE POSITIONS ARE "MORE-LIKELY-THAN-NOT" TO BE SUSTAINED UPON EXAMINATION BY THE APPLICABLE TAX AUTHORITY. THE SCHOOL HAS DETERMINED THAT THE APPLICATION OF THE INCOME TAXES STANDARD DOES NOT IMPACT THE OPERATIONS OF THE SCHOOL AND THAT NO PROVISION FOR INCOME TAX IS REQUIRED IN THE SCHOOL'S FINANCIAL STATEMENTS. THERE HAVE BEEN NO INTEREST OR PENALTIES RECOGNIZED IN THE STATEMENTS OF FINANCIAL POSITION OR STATEMENTS OF ACTIVITIES AND CHANGES IN NET ASSETS FOR THE YEAR ENDED JUNE 30, 2012. 1 1 1 1 0 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF DOCUMENT RETENTION SCHEDULE E, PART I, LINE 4 THE SCHOOL IS A PUBLIC CHARTER SCHOOL. SCHOLARSHIPS ARE NOT OFFERED. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 THE SCHOOL RECEIVED FINANCIAL AID FROM THE FEDERAL GOVERNMENT AND THE STATE OF TENNESSEE THROUGH THE FOLLOWING AWARDS: TITLE 1, CAPITAL OUTLAY AND THE PLANNING AND IMPLEMENTATION GRANT FOR TENNESSEE PUBLIC CHARTER SCHOOLS. FORM 990, PART VI, SECTION B, LINE 11 THE BOARD REVIEWS FORM 990 FOR APPROVAL BEFORE THE RETURN IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD REVIEWS COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY BY BOARD MEMBERS, KEY EMPLOYEES AND STAFF ON A REGULAR BASIS. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS FOR DETERMINING THE COMPENSATION OF THE KEY EMPLOYEES IS DETERMINED BY THE BOARD OF THE READ FOUNDATION DBA MEMPHIS SCHOOL OF EXCELLENCE. COMPENSATION AMOUNTS ARE CALCULATED AND APPROVED BASED ON PAY SCALE OF MEMPHIS CITY SCHOOLS. FORM 990, PART VI, SECTION C, LINE 19 THE DOCUMENTS ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE (SEMEMPHIS.ORG/DOCUMENTS/FORM990-2010-2011.PDF) AS WELL AS UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: PRIOR PERIOD ADJUSTMENTS: -72,235.