2013-02-05T12:59:18-06:00 2012-06-30 420714325 MCGLADREY LLP 1185 AVENUE OF THE AMERICAS NEW YORK NY 100362602 990 2011-07-01 161571685 FRIENDS OF BRONX PREPARATORY CHARTER SCHOOL INC FRIE 7182940841 3872 THIRD AVENUE BRONX NY 10457 EDWINA BRANCH SMITH 7182940841 2013-02-05 1 NANCY BLUME P00185943 2123721000 2011 2016-02-25 16:41:14Z EDWINA BRANCH SMITH 3872 THIRD AVENUE BRONX NY 10457 883648 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. 17 17 6 30 0 0 235048 171770 0 0 4513 2041 12240 97696 251801 271507 0 0 0 0 245823 251404 0 0 71535 144671 150790 390494 402194 -138693 -130687 18864154 15780437 3318342 340799 15545812 15439638 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 198943 SUPPORT PROVIDED TO THE BRONX PREPARATORY CHARTER SCHOOL. IN FISCAL YEAR 2012, THE ORGANIZATION CONTINUED ITS ONGOING CAPITAL AND OPERATIONS SUPPORT, INCLUDING CONTRIBUTIONS TOWARD REPAYMENT OF THE MORTGAGE ON THE PROPERTY. 198943 1 1 0 0 0 0 0 0 0 0 1 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 1 0 0 0 0 1 X 0 0 6 1 0 0 0 0 0 0 0 0 0 0 X 17 17 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 LAWRENCE BASCOM 1.00 X 0 0 0 CARLTON CHARLES 1.00 X 0 0 0 LILIETH FERGUSON 1.00 X 0 0 0 LEE FLANAGAN 1.00 X 0 0 0 NANCY GARVEY 1.00 X 0 0 0 PHIL GELSTON 1.00 X 0 0 0 STEVE GUGGENHEIMER 1.00 X 0 0 0 KRISTIN KEARNS JORDAN 1.00 X 0 0 0 SCOTT NELSON 1.00 X 0 0 0 ANDREW PAUL 1.00 X 0 0 0 RICHARD SCHUBART 1.00 X 0 0 0 SHARON SIMPSON 1.00 X 0 0 0 RAVI SURIA 1.00 X 0 0 0 PHILIP WHARTON 1.00 X 0 0 0 YULIANA KIM-GRANT 1.00 X 0 0 0 DEBORAH L EVANGELAKOS 1.00 X 0 0 0 KAVITA DOLAN 1.00 X 0 0 0 SAMONA JOE-TAIT THRU 93011 14.00 X 47152 87568 10806 ZAID MOHAMMED 18.00 X 54317 66387 17659 EDWINA BRANCH-SMITH FROM 8911 14.00 X 24245 45026 0 125714 198981 28465 0 0 0 0 0 3892 167878 171770 2041 2041 704100 608851 95249 95249 95249 5737 3892 3290 2447 2447 271507 0 0 99737 138213 62730 49342 26141 84919 38542 30316 16061 3724 1690 1330 704 8215 3729 2932 1554 16333 7413 5831 3089 8336 8336 1015 1015 9519 9519 119060 84418 23095 11547 FUNDRAISING 12439 12439 ENRICHMENT FEES & CURRI 421 421 402194 198943 131716 71535 42786 77410 2778708 286028 2500 19537547 4137278 15977636 15400269 65024 14230 18864154 15780437 38174 4204 3280168 0 336595 3318342 340799 X 14763805 15439638 782007 0 15545812 15439638 18864154 15780437 X -130687 24513 X 0 1 1 X 0 X X 0 0 0 BRONX PREPARATORY CHARTER SCHOOL 061581474 2 1 1 1 198943 1 198943 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 658614 658614 17921009 3371654 14549355 654812 561714 93098 303112 203910 99202 15400269 DUE FROM AFFILIATE - 501 (C)(3) ORGANIZATION 336595 336595 271507 402194 -130687 8063 16450 24513 -106174 12075179 8063 11795609 11803672 271507 0 271507 12116082 11713888 11713888 402194 0 402194 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT FRIENDS OF BRONX PREPARATORY CHARTER SCHOOL IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE "CODE") AND FROM STATE INCOME TAXES. FRIENDS OF BRONX PREPARATORY CHARTER SCHOOL IS SUBJECT TO UNRELATED BUSINESS INCOME TAX ("UBIT"), IF APPLICABLE. FOR THE YEARS ENDED JUNE 30, 2012 AND 2011, FRIENDS OF BRONX PREPARATORY CHARTER SCHOOL 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 2008, WHICH IS THE STANDARD STATUTE OF LIMITATIONS LOOK-BACK PERIOD. PART XI, LINE 8 - OTHER ADJUSTMENTS: WRITE-OFF OF PAYABLE 16,450. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES AGAINST RENTAL INCOME 608,851. BRONX PREPARATORY CHARTER SCHOOL 11,183,468. FUNDRAISING EXPENSE NETTED AGAINST FUNDRAISING REVENUE 3,290. PART XIII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES AGAINST RENTAL INCOME 608,851. BRONX PREPARATORY CHARTER SCHOOL 11,118,197. FUNDRAISING EXPENSE NETTED AGAINST FUNDRAISING REVENUE 3,290. WRITE-OFF OF PAYABLE -16,450. 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 6 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. 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 8,063. WRITE-OFF OF PAYABLE 16,450. TOTAL TO FORM 990, PART XI, LINE 5: 24,513. 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. FORM 990, PART VII, SECTION A AN ESTIMATED WEEKLY AVERAGE HOURS OF THE BOARD OF DIRECTORS AND OFFICERS FROM RELATED ORGANIZATIONS: LAWRENCE BASCOM - 1 AVERAGE HOUR PER WEEK CARLTON CHARLES - 1 AVERAGE HOUR PER WEEK KAVITA DOLAN - 1 AVERAGE HOUR PER WEEK LILIETH FERGUSON - 1 AVERAGE HOUR PER WEEK LEE FLANAGAN - 1 AVERAGE HOUR PER WEEK NANCY GARVEY - 1 AVERAGE HOUR PER WEEK PHIL GELSTON - 1 AVERAGE HOUR PER WEEK YULIANA KIM-GRANT - 1 AVERAGE HOUR PER WEEK STEVE GUGGENHEIMER - 1 AVERAGE HOUR PER WEEK KRISTIN KEARNS JORDAN - 1 AVERAGE HOUR PER WEEK SCOTT NELSON - 1 AVERAGE HOUR PER WEEK ANDREW PAUL - 1 AVERAGE HOUR PER WEEK RICHARD SCHUBART - 1 AVERAGE HOUR PER WEEK SHARON SIMPSON - 1 AVERAGE HOUR PER WEEK RAVI SURIA - 1 AVERAGE HOUR PER WEEK PHILIP WHARTON - 1 AVERAGE HOUR PER WEEK DEBORAH L. EVANGELAKOS - 1 AVERAGE HOUR PER WEEK SOMONA TAIT - 26 AVERAGE HOURS PER WEEK EDWINA BRANCH-SMITH - 26 AVERAGE HOURS PER WEEK ZAID MOHAMMED - 22 AVERAGE HOURS PER WEEK 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 1 0 0 0 0 1 0 1 0 0