2013-02-15T11:55:06-06:00 2012-06-30 131517563 LOEB & TROPER LLP 655 THIRD AVENUE 12TH FLOOR NEW YORK NY 10017 990 2011-07-01 132940671 THE CHILDREN'S STOREFRONT CHIL 2124272862 70 EAST 129TH STREET NEW YORK NY 10035 ROSEMARIE GOODEN 2124272862 2013-02-14 1 FREDERICK H ROTHMAN P01275277 2128674000 2011 2016-03-07 17:11:31Z ROSEMARIE GOODEN 70 EAST 129TH STREET NEW YORK NY 10035 4313582 0 X WWW.THECHILDRENSSTOREFRONT.ORG X 1966 NY THE CHILDREN'S STOREFRONT IS AN INDEPENDENT, TUITION-FREE SCHOOL IN HARLEM COMMITTED TO PROVIDING A COMPREHENSIVE EDUCATION TO CHILDREN WITH VARIED ACADEMIC STRENGTHS FROM PRE-SCHOOL THROUGH 8TH GRADE. OUR WORK IS GROUNDED ON THE CONVICTION THAT EVERY CHILD DESERVES THE OPPORTUNITY FOR AN EXCELLENT EDUCATION. WE WORK IN PARTNERSHIP WITH FAMILIES AND COMMUNITY MEMBERS TO PREPARE CHILDREN ACADEMICALLY, SOCIALLY AND EMOTIONALLY FOR FURTHER EDUCATION, EMPOWERING EACH CHILD TO REACH HIS OR HER POTENTIAL. 26 26 64 200 0 0 5654577 4194766 0 0 19742 12825 -75298 -91686 5599021 4115905 21698 26010 0 0 2590976 2810923 174751 64494 569393 905810 944394 3693235 3845821 1905786 270084 6807728 7018952 667709 638035 6140019 6380917 X THE CHILDREN'S STOREFRONT IS AN INDEPENDENT, TUITION-FREE SCHOOL IN HARLEM COMMITTED TO PROVIDING A COMPREHENSIVE EDUCATION TO CHILDREN WITH VARIED ACADEMIC STRENGTHS FROM PRE-SCHOOL THROUGH 8TH GRADE. OUR WORK IS GROUNDED ON THE CONVICTION THAT EVERY CHILD DESERVES THE OPPORTUNITY FOR AN EXCELLENT EDUCATION. WE WORK IN PARTNERSHIP WITH FAMILIES AND COMMUNITY MEMBERS TO PREPARE CHILDREN ACADEMICALLY, SOCIALLY AND EMOTIONALLY FOR FURTHER EDUCATION, EMPOWERING EACH CHILD TO REACH HIS OR HER POTENTIAL. 0 0 3006369 26010 IN ITS FIFTH DECADE, THE STOREFRONT HAS REPRESENTED THE STRONGEST POSSIBLE CASE FOR PROVIDING EXCEPTIONAL LEARNING OPPORTUNITIES TO UNDERSERVED CHILDREN FOR STUDENTS WITH A WIDE RANGE OF LEARNING ABILITIES. WE ARE PROUD OF THE SUCCESS OF OUR STUDENTS AND THE OPTIONS THIS GIVES THEM FOR HIGH SCHOOL ADMISSIONS. OVER SIXTY STUDENTS ATTEND OUR SUMMER SCHOOL AND AFTERSCHOOL ASSISTANCE PROGRAM. OUR PROGRAM SUPPORTS THE ACADEMIC, SOCIAL AND EMOTIONAL NEEDS OF OUR STUDENTS. OUR PROGRAM INCLUDES ENRICHMENT, CONFLICT RESOLUTION, COMMUNITY SERVICE, SPORTS, MUSIC AND WELLNESS PROGRAMS. NINETY PERCENT OF OUR GRADUATES WILL COMPLETE HIGH SCHOOL AND EIGHTY PERCENT OF THEM WILL ATTEND COLLEGE. 3006369 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 29 0 64 1 0 0 0 0 0 1 1 0 0 0 0 X 26 26 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X X ROSEMARIE GOODEN 2124277900 70 EAST 129TH STREET NY NY 10035 MICHAEL B STUBBS 1.00 X X 0 0 0 CHRISTINE LASALA 1.00 X X 0 0 0 GEORGE B WEIKSNER 1.00 X X 0 0 0 ANNE RIVERS 1.00 X X 0 0 0 JANIS BERGER 1.00 X X 0 0 0 RAY CAMERON 1.00 X X 0 0 0 WJ PATRICK CURLEY III 1.00 X X 0 0 0 GEORGE J GRUMBACH JR 1.00 X X 0 0 0 ELSIE V AIDINOFF 1.00 X 0 0 0 MICHAEL F STREICKER 1.00 X 0 0 0 ROBERT T RYLEE 1.00 X 0 0 0 VAUGHN BUFFALO 1.00 X 0 0 0 DONNA CEPHAS 1.00 X 0 0 0 PETER EIKENBERRY 1.00 X 0 0 0 LISE EVANS 1.00 X 0 0 0 HAROLD FESSENDEN 1.00 X 0 0 0 GUILAINE JEAN-PIERRE 1.00 X 0 0 0 MILDRED JONES 1.00 X 0 0 0 STEPHEN LOGAN 1.00 X 0 0 0 AMANDA LOW 1.00 X 0 0 0 ELLEN-JANE MOSS 1.00 X 0 0 0 LAUREN MARRUS 1.00 X 0 0 0 RANDI RAHM 1.00 X 0 0 0 HOLLY PETERSON 1.00 X 0 0 0 MARIA VECCHIOTTI 1.00 X 0 0 0 ANDREW WIENER 1.00 X 0 0 0 CHRISTOPHER MOORE 1.00 X 0 0 0 DORIAN BROWN 16.00 X 13000 0 49 WENDY REYNOSO 40.00 X 149050 0 7417 162050 0 7466 1 0 1 0 0 1197604 208486 2788676 242286 4194766 12825 12825 91750 1197604 197677 -105927 -105927 MISCELLANEOUS 900099 14241 14241 14241 4115905 0 0 -78861 26010 26010 171616 126893 44723 2163411 1715928 135155 312328 296997 254008 11395 31594 178899 138389 14957 25553 36000 36000 64494 64494 3354 3354 221816 166243 7883 47690 374371 288093 8291 77987 90135 84872 2743 2520 17669 14743 421 2505 114242 107574 3474 3194 54661 51470 1663 1528 STUDENT ACTIVITIES 32146 32146 3845821 3006369 270059 569393 6090 25258 3976777 4283664 155988 119042 6239 9659 4201598 2420333 1847336 1781265 815298 800064 6807728 7018952 667709 638035 667709 638035 X 4000926 4040352 311562 498034 1827531 1842531 6140019 6380917 6807728 7018952 X 270084 -29186 X X 0 1 1 X 0 X 3853522 3277313 3824138 5654577 4194766 20804316 3853522 3277313 3824138 5654577 4194766 20804316 2469583 18334733 148958 29138 706 8243 12825 199870 3341 12757 30432 16996 14241 77767 21081953 0.86970 0.85840 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2535270 15000 -18698 -108750 1842231 2509478 7500 192488 174196 2535270 2616298 106820 2509478 2608798 7500 2616298 0.27000 0.73000 0 0 123920 123920 3123220 1476396 1646824 954458 943937 10521 1781265 4115905 3845821 270084 -29186 -29186 240898 4365712 -29186 84670 197677 253161 4112551 3354 3354 4115905 4124814 84670 197677 282347 3842467 3354 3354 3845821 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE ENDOWMENT FUNDS WERE USED FOR THE GRADUATE PROGRAM AND FOR THE OPERATION OF THE SCHOOL. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE SCHOOL HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PERIODS ENDING JUNE 30, 2008 AND SUBSEQUENT REMAIN SUBJECT TO EXAMINATION BY APPLICABLE TAXING AUTHORITIES. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 197,677. PART XIII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 197,677. X X X X X X 1 INNOVATIVE PHILANTHROPY 5 HANOVER SQUARE SUITE 1801 NEW YORK NY 10004 MANAGE SPRING BENEFIT INVITATION AND ACCEPTANCE PROCESS 0 1006680 64494 1006680 1006680 64494 1006680 NY ANNUAL GALA 1006680 965880 40800 39892 41854 4250 738 COCKTAILS AND POKER 77837 41087 36750 27659 27397 6 203802 190637 13165 32520 21473 400 1494 1288319 1197604 90715 100071 90724 4650 2232 197677 -106962 1 0 TUITION TO SCHOOLS FOR STOREFRONT GRADUATES 9 26010 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: BASED ON FINANCIAL NEED WE PAY FOR OR SUPPLEMENT THE TUITION FOR SOME OF OUR 8TH GRADERS TO GO TO PRIVATE OR BOARDING HIGH SCHOOLS. EACH YEAR, THE HIGH SCHOOL PLACEMENT OFFICER PROVIDES A LIST OF STUDENTS WHO HAVE BEEN APPROVED FOR RECEIVING THIS ASSISTANCE, THE NAMES OF THEIR SCHOOLS AND THE AMOUNT OF ASSISTANCE, AND THIS LIST GIVEN TO THE ASSISTANT TREASURER. WHEN A BILL IS RECEIVED FROM A HIGH SCHOOL, THE ASSISTANT TREASURER CONFIRMS THE STUDENT, SCHOOL AND AMOUNT, AND THEN PAYS IT. IF THERE ARE ANY DISCREPANCIES, THE ASSISTANT TREASURER CONTACTS THE SCHOOL, THE STOREFRONT'S PLACEMENT OFFICER OR HEAD OF SCHOOL, AS NECESSARY, TO CLEAR THEM UP. X X X 0 0 0 0 0 0 0 0 0 WENDY REYNOSO 149050 0 0 0 0 0 0 0 7417 0 156467 0 0 0 X 5 242286 SALES PRICE 0 0 0 METHOD FOR DETERMINING NUMBER OF CONTRIBUTORS: PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION B, LINE 11 BEFORE THE FORM 990 IS FILED, A COPY IS DISTRIBUTED TO THE AUDIT COMMITTEE. AFTER DISTRIBUTION, THE AUDIT COMMITTE HOLDS A MEETING OR CONFERENCE CALL TO DISCUSS THE 990, INCLUDING ANY QUESTIONS OR COMMENTS, WHICH THE DIRECTOR OF FINANCE ADDRESSES. AFTER THAT, THE 990 IS CIRCULATED TO ALL BOARD MEMBERS VIA EMAIL FOR REVIEW. COMMENTS AND QUESTIONS ARE REQUESTED, AND ARE DIRECTED TO THE DIRECTOR OF FINANCE. ONCE THESE ARE ADDRESSED, ANY REVISIONS ARE REDISTRIBUTED TO ALL BOARD MEMBERS. THEN THE FORM 990 IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CHILDREN'S STOREFRONT HAS ADOPTED A CONFLICT OF INTEREST POLICY THAT REQUIRES THAT ANY TRANSACTION WITH INTERESTED PARTIES IS FULLY DISCLOSED. CSF WILL REVIEW THIS POLICY ON AN ANNUAL BASIS. THE CHAIR WILL REPORT TO THE BOARD OF TRUSTEES THAT ALL DISCLOSURE FORMS HAVE BEEN COMPLETED AND WHETHER ANY POTENTIAL CONFLICTS HAVE BEEN DISCLOSED. ALL BOARD MEMBERS, HEAD OF SCHOOL, CHIEF OPERATIONS OFFICER,AND SENIOR FINANCIAL OFFICERS ARE REQUIRED TO COMPLETE THE DISCLOSURE STATEMENT ON AN ANNUAL BASIS. IF AT ANY TIME A BOARD MEMBER OR EMPLOYEE ACQUIRES AN INTEREST IN A MATTER THAT MIGHT POSE A CONFLICT, HE OR SHE SHALL PROMPTLY DISCLOSE SUCH INTEREST IN WRITING. INTERESTED PARTIES WHO HAVE AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST WILL NOT PARTICIPATE IN DECISIONS OR DISCUSSIONS AFFECTING THAT INTEREST AND THE ORGANIZATION. THE BOARD OF TRUSTEES AND KEY EMPLOYEES ARE COVERED UNDER THE CONFLICT OF INTEREST POLICY. THE BUSINESS MANAGER AND ASSISTANT TREASURER ARE INVOLVED IN PROCESSING ALL INVOICES, AND REVIEW EACH TRANSACTION TO CHECK FOR CONFLICTS. IF ONE IS DISCOVERED, IT IS REPORTED TO THE BOARD CHAIR. CONFLICTS AT ANY LEVEL ARE REPORTED TO THE CHAIR. THE PROCESS WAS LAST CONDUCTED IN 2012. FORM 990, PART VI, SECTION B, LINE 15 SALARY LEVELS ARE APPROVED BY THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES DURING THE ANNUAL BUDGET PROCESS AS DOCUMENTED IN THE MINUTES OF THAT COMMITTEE. MEMBERS OF THE BOARD OF TRUSTEES CHECKED WITH NYSAIS, OUR ACCREDITING ORGANIZATION, AND THE NEW YORK CITY PUBLIC SCHOOL SYSTEM REGARDING CURRENT SALARY LEVELS FOR HEADS OF SCHOOL AND OTHER ADMINISTRATIVE AND TEACHING POSITIONS. IN JUNE OF 2010 A NEW HEAD OF SCHOOL WAS HIRED FOR THE 2010-11 SCHOOL/FISCAL YEAR. THE SEARCH COMMITTEE OF THE BOARD OF TRUSTEES USED A CONSULTING FIRM WHO HAS SPECIALIZED IN RECRUITING FOR NOT- FOR-PROFIT ORGANIZATIONS FOR MORE THAN 10 YEARS. AMONG OTHER THINGS, THEY ADVISED ON SALARY LEVELS BASED ON THEIR EXPERIENCE. THIS PROCESS WAS DOCUMENTED IN MEETING NOTES AND EXTENSIVE EMAIL CORRESPONDENCE. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -29,186. FORM 990, PART XI, LINE 2C THIS PROCESS HAS NOT CHANGED FROM PRIOR YEARS.