2012-04-24T13:33:46-05:00 2011-06-30 FRUCHTER ROSEN & COMPANY PC 156 WEST 56TH STREET STE 1804 NEW YORK NY 10019 990 2010-07-01 205298861 SUCCESS CHARTER NETWORK INC SUCC 6462777170 310 LENOX AVENUE NO 2ND FL NEW YORK NY 10027 JOEL GREENBLATT 6462777170 2012-04-07 1 GUS SALIBA 2129573600 2012-04-07 2010 2016-02-24 21:20:13Z JOEL GREENBLATT 310 LENOX AVENUE 2ND FL NEW YORK NY 10027 12237257 0 X WWW.SUCCESSACADEMIES.ORG X 2006 NY THE MISSION OF SUCCESS CHARTER NETWORK, INC. IS TO PROVIDE CHILDREN IN NEW YORK CITY WITH AN EXCEPTIONALLY HIGH-QUALITY EDUCATION THAT GIVES THEM THE KNOWLEDGE, SKILLS, CHARACTER AND DISPOSITION TO MEET AND EXCEED NEW YORK STATE STANDARDS, AND THE RESOURCES TO SUCCEED AND LEAD IN SCHOOL, COLLEGE AND A COMPETITIVE GLOBAL ECONOMY. 8 8 130 2 0 0 5352431 8877468 1703177 3267716 15722 50742 -26638 -26493 7044692 12169433 0 1050447 0 0 3468789 4370400 0 0 356788 1722186 3545691 5190975 8966538 1853717 3202895 4857713 9489422 754465 2184288 4103248 7305134 X THE MISSION OF SUCCESS CHARTER NETWORK, INC. IS TO PROVIDE CHILDREN IN NEW YORK CITY WITH AN EXCEPTIONALLY HIGH-QUALITY EDUCATION THAT GIVES THEM THE KNOWLEDGE, SKILLS, CHARACTER AND DISPOSITION TO MEET AND EXCEED NEW YORK STATE STANDARDS, AND THE RESOURCES TO SUCCEED AND LEAD IN SCHOOL, COLLEGE AND A COMPETITIVE GLOBAL ECONOMY. 0 0 7560304 3267716 THE ORGANIZATION PROVIDED MANAGEMENT AND ADMINISTRATIVE SUPPORTING SERVICES TO NINE DISTINCT CHARTER SCHOOLS WITHIN THE BOUNDARIES OF THE BRONX, BROOKLYN, AND MANHATTAN BOROUGHS OF NEW YORK CITY. THE ORGANIZATION'S ACTIVITIES INCLUDE: (1) HIRING EDUCATIONAL CONSULTANTS AND STAFF TO ADVISE ON AND EXECUTE SCHOOL DEVELOPMENT; (2) RESEARCHING AND DOCUMENTING THE SUCCESSFUL CHARACTERISTICS OF K-12 SCHOOLS SUCH AS THOSE AFFILIATED WITH THE ORGANIZATION; (3) CREATING AND IMPLEMENTING A PLAN FOR THE REPLICATION OF THE SUCCESS ACADEMIES; (4) PROVIDING RESOURCES TO NEW CHARTER SCHOOLS WITHIN THE ORGANIZATION, SUCH AS ASSISTANCE RECRUITING LEADERSHIP, ADMINISTRATION AND STAFF; RECRUITING STUDENTS; AND FOSTERING THE DEVELOPMENT OF SHARED SERVICES, CURRICULA, AND FACILITIES; (5) PERFORMING RESEARCH ON POLICIES THAT CAN INCREASE EDUCATIONAL OPPORTUNITIES FOR ALL CHILDREN, INCLUDING BUT NOT LIMITED TO POLICIES RELATING TO CHARTER SCHOOLS; (6) SUPPORTING EDUCATIONAL ORGANIZATIONS WITH SIMILAR GOALS; (7) PROVIDING ADDITIONAL SUPPORT TO STUDENTS WITHIN THE ORGANIZATION OR STUDENTS OF NEED TO ALLOW THEM TO PURSUE ACADEMIC EXCELLENCE; AND (8) OTHER ACTIVITIES THAT PROMOTE EDUCATIONAL ACHIEVEMENT. 7560304 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 27 0 1 130 1 0 0 0 0 0 1 1 0 0 0 0 X 8 8 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X RYAN ALEXANDER 6462777170 310 LENOX AVENUE 2ND FL NEW YORK NY 10027 JOEL GREENBLATT 5.00 X X 0 0 0 JOHN PETRY 5.00 X X 0 0 0 ROBERT GOLDSTEIN 2.00 X X 0 0 0 RICH PZENA 1.00 X 0 0 0 GIDEON STEIN 1.00 X 0 0 0 GERRY HOUSE 1.00 X 0 0 0 DAVID GREENSPAN 1.00 X 0 0 0 YEN LIOW 1.00 X 0 0 0 JIM PEYSER 1.00 X 0 0 0 EVA MOSKOWITZ 60.00 X 336402 0 21866 KERI HOYT 60.00 X 221888 0 18406 CHUCK KLEIN 60.00 X 147680 0 10988 ARIN LAVINIA 60.00 X 129833 0 15644 PAUL FUCALORO 60.00 X 169000 0 6558 JENNY SEDLIS 60.00 X 102423 0 9631 1107226 0 83093 6 0 1 0 MISSION CONTROL INC 114A MANSFIELD HOLLOW ROAD MANSFIELD CENTER CT 06250 OUTREACH MATERIALS 418718 SKD KNICKERBOCKER 1818 N STREET NW SUITE 450 WASHINGTON DC 20036 CONSULTING SERVICES 243150 MUNDY KATOWITZ MEDIA INC 1322 G STREET SE WASHINGTON DC 20003 OUTREACH MATERIALS 220319 ASGK PUBLIC STRATEGIES LLC 1750 K STREET NW SUITE 475 WASHINGTON DC 20006 CONSULTING SERVICES 129000 BIG YEAR PRODUCTIONS INC 4400 VESTAL PARKWAY EAST UNIVERSITY BINGHAMTON NY 13902 INSTRUCTIONAL VIDEOS 121700 6 434251 1050446 7392771 233291 8877468 MANAGEMENT FEES 541610 3267716 3267716 3267716 50742 50742 27586 434251 67824 -40238 -40238 OTHER REVENUE 900099 13745 13745 13745 12169433 3281461 0 10504 1050447 1050447 887415 727680 106490 53245 2870959 2354186 344515 172258 67036 54970 8044 4022 309585 253860 37150 18575 235405 193032 28249 14124 13741 13741 33875 33875 1887365 1732459 146367 8539 223379 183170 26806 13403 191300 156866 22956 11478 280322 229864 33639 16819 211498 173429 25379 12690 162579 133315 19509 9755 24375 24375 131414 131414 21163 17989 3174 SPECIAL EVENTS 337619 276848 40514 20257 MAINTENANCE AND REPAIRS 10888 8928 1307 653 EQUIPMENT RENTAL AND SU 8149 6682 978 489 MISCELLANEOUS 8024 6579 964 481 8966538 7560304 1049446 356788 1365390 1202942 1569042 4346776 125000 1277992 745010 2250000 61223 139038 887341 270054 520697 617287 63369 63369 4857713 9489422 754465 624525 1500000 0 59763 754465 2184288 X 4103248 7230134 75000 4103248 7305134 4857713 9489422 X 3202895 -1009 X X 0 1 1 X 1 1 X 646920 3907068 4102855 5369662 8905054 22931559 646920 3907068 4102855 5369662 8905054 22931559 8374574 14556985 496 9462 12399 15548 50742 88647 1577 11183 13745 26505 23046711 0.63160 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 89807 0 0 89807 0 262795 17520 245275 332312 170582 161730 292234 81952 210282 617287 DEFERRED RENT 59763 59763 12169433 8966538 3202895 -1009 -1009 3201886 12276248 -1009 40000 38991 12237257 -67824 -67824 12169433 9074362 40000 40000 9034362 -67824 -67824 8966538 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE NETWORK'S ACCOUNTING POLICY PROVIDES THAT A TAX EXPENSE OR BENEFIT FROM AN UNCERTAIN TAX POSITION MAY BE RECOGNIZED WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION, INCLUDING RESOLUTIONS OF ANY RELATED APPEALS OR LITIGATION PROCESSES, BASED ON THE TECHNICAL MERITS. THE NETWORK'S HAS NO UNCERTAIN TAX POSITION RESULTING IN AN ACCRUAL OF TAX EXPENSE OR BENEFIT. PART XII, LINE 4B - OTHER ADJUSTMENTS: EXPENSES ON FALL FUNDRAISING EVENT PART XIII, LINE 4B - OTHER ADJUSTMENTS: EXPENSES ON FALL FUNDRAISING EVENT FALL FUNDRAISING EVENT 461837 434251 27586 32790 12357 20603 2074 461837 434251 27586 32790 12357 20603 2074 67824 -40238 1 HARLEM SUCCESS ACADEMY CHARTER SCHOOL 5 310 LENOX AVENUE 2ND FLOOR NEW YORK NY 11027 352376329 501(C)(3) 267372 START-UP, REPLICATION, AND EXPANSION ASSISTANCE. BRONX SUCCESS ACADEMY CHARTER SCHOOL 1 310 LENOX AVENUE 2ND FLOOR NEW YORK NY 11027 800530053 501(C)(3) 306444 START-UP, REPLICATION, AND EXPANSION ASSISTANCE. BRONX SUCCESS ACADEMY CHARTER SCHOOL 2 310 LENOX AVENUE 2ND FLOOR NEW YORK NY 11027 271701960 501(C)(3) 287249 START-UP, REPLICATION, AND EXPANSION ASSISTANCE. BROOKLYN SUCCESS ACADEMY CHARTER SCHOOL 1 310 LENOX AVENUE 2ND FLOOR NEW YORK NY 11027 274033496 501(C)(3) 91935 START-UP, REPLICATION, AND EXPANSION ASSISTANCE. UPPER WEST SUCCESS ACADEMY CHARTER SCHOOL 310 LENOX AVENUE 2ND FLOOR NEW YORK NY 11027 274033282 501(C)(3) 97447 START-UP, REPLICATION, AND EXPANSION ASSISTANCE. 5 5 X X 0 1 0 0 0 0 0 0 0 EVA MOSKOWITZ 286402 0 50000 0 0 0 10092 0 11774 0 358268 0 0 0 KERI HOYT 191888 0 30000 0 0 0 6657 0 11749 0 240294 0 0 0 CHUCK KLEIN 137680 0 10000 0 0 0 4430 0 6558 0 158668 0 0 0 PAUL FUCALORO 154000 0 15000 0 0 0 0 0 6558 0 175558 0 0 0 JIM PEYSER BOARD MEMBER 500000 AS PART OF A MULTI-YEAR FUNDING COMMITMENT WITH THE NEW SCHOOLS VENTURE FUND, JIM PEYSER, BOARD MEMBER OF THE NEW SCHOOLS VENTURE FUND MUST SERVE ON THE BOARD OF SUCCESS CHARTER NETWORK, INC. DURING FISCAL 2010-2011, THE ORGANIZATION RECEIVED A $500,000 GRANT FROM THE NEW SCHOOLS VENTURE FUND TO BE USED TOWARDS OPERATING EXPENSES. 0 JOHN PETRY VICE CHAIRMAN AND TREASURER OF THE BOARD 207997 DURING FISCAL 2010-2011, THE ORGANIZATION ENGAGED WITH EDUCATION REFORM NOW FOR STUDENT RECRUITMENT AND OTHER OUTREACH AND ENGAGEMENT ACTIVITIES. VOTING BOARD MEMBER JOHN PETRY, SERVES ON THE BOARD OF EDUCATION REFORM NOW. 0 ERIC GRANNIS OFFICER EVA MOSKOWITZ'S HUSBAND 40000 DONATED LEGAL SERVICES. 0 X 4 233291 FAIR MARKET VALUE 0 1 0 FORM 990, PART VI, SECTION A, LINE 2 TRUSTEES JOEL GREENBLATT AND ROB GOLDSTEIN ARE EMPLOYED BY THE SAME FIRM. FORM 990, PART VI, SECTION B, LINE 11 FORM 990 IS REVIEWED BY MANAGEMENT AND THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES FOR APPROVAL. IF CHANGES ARE REQUIRED, THE ORGANIZATION WILL THEN FORWARD TO THE AUDITING FIRM AND A FINAL VERSION WILL BE DISTRIBUTED TO ALL BOARD MEMBERS PRIOR TO THE IRS SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION SHARES ITS CONFLICT OF INTEREST POLICY WITH BOARD MEMBERS AND OFFICERS ON AN ANNUAL BASIS. OFFICERS, DIRECTORS, AND KEY EMPLOYEES ARE EXPECTED TO DECLARE IF AT ANY POINT A CONFLICT OF INTEREST ARISES. FORM 990, PART VI, SECTION B, LINE 15 COMPARABLE DATA IS USED BY THE BOARD WHEN DETERMINING THE COMPENSATION OF OFFICERS AND KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST, THE ORGANIZATION MAKES AVAILABLE TO THE PUBLIC ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -1,009. FORM 990, PART XII, FINANCIAL STATEMENT AND REPORTING, LINE 2C THE NETWORK HAS A FINANCE COMMITTEE THAT IS RESPONSIBLE FOR OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT AUDITOR.