2012-05-01T16:43:16-05:00 2011-06-30 MCGLADREY & PULLEN LLP 1185 AVENUE OF THE AMERICAS NEW YORK NY 100362602 990 2010-07-01 161571685 FRIENDS OF BRONX PREPARATORY CHARTER SCHOOL INC FRIE 7182940841 3872 THIRD AVENUE BRONX NY 10457 EDWINA BRANCH SMITH 7182940841 2012-04-25 1 MARTIN GREIF 2123721000 2010 2016-02-24 21:20:13Z EDWINA BRANCH SMITH 3872 THIRD AVENUE BRONX NY 10457 944111 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 4 40 0 0 284663 235048 0 0 7266 4513 22847 12240 314776 251801 0 0 0 0 220395 245823 0 0 67190 217464 144671 437859 390494 -123083 -138693 19281610 18864154 3470462 3318342 15811148 15545812 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 232948 SUPPORT PROVIDED TO THE BRONX PREPARATORY CHARTER SCHOOL. IN FISCAL YEAR 2011, THE ORGANIZATION CONTINUED ITS ONGOING CAPITAL AND OPERATIONS SUPPORT, INCLUDING CONTRIBUTIONS TOWARD REPAYMENT OF THE OUTSTANDING MORTGAGE ON THE PROPERTY. 232948 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 1 3 0 1 4 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 7182942223 3872 THIRD AVENUE BROOKLYN NY 10457 LAWRENCE BASCOM 2.00 X 0 0 0 CARLTON CHARLES 2.00 X 0 0 0 LILIETH FERGUSON 2.00 X 0 0 0 LEE FLANAGAN 2.00 X 0 0 0 NANCY GARVEY 2.00 X 0 0 0 PHIL GELSTON 2.00 X 0 0 0 STEVE GUGGENHEIMER 2.00 X 0 0 0 KRISTIN KEARNS JORDAN 2.00 X 0 0 0 SCOTT NELSON 2.00 X 0 0 0 ANDREW PAUL 2.00 X 0 0 0 RICHARD SCHUBART 2.00 X 0 0 0 SHARON SIMPSON 2.00 X 0 0 0 RAVI SURIA 2.00 X 0 0 0 PHILIP WHARTON 2.00 X 0 0 0 YULIANA KIM-GRANT 2.00 X 0 0 0 DEBORAH L EVANGELAKOS 2.00 X 0 0 0 KAVITA DOLAN 2.00 X 0 0 0 ZAID MOHAMMED 12.00 X 56250 46608 15645 SAMONA JOE-TAIT THRU 93011 12.00 X 63070 119994 14340 119320 166602 29985 0 0 1 0 0 235048 31919 235048 4513 4513 704100 692310 11790 11790 11790 OTHER INCOME 900099 450 450 450 251801 0 0 16753 119321 37842 68864 12615 89850 46812 1992 41046 10459 2900 4287 3272 13058 3562 7076 2420 13135 8371 1052 3712 -3964 -3726 -159 -79 1518 1518 9920 9032 554 334 122117 114789 4885 2443 EQUIPMENT & FURNISHINGS 5937 5506 287 144 COLLEGE PREPARATION PRO 4801 4801 ENRICHMENT FEES & CURRI 3059 3059 FUNDRAISING 1283 1283 390494 232948 90356 67190 52645 42786 2400407 2778708 136162 42594 19537547 3559911 16456377 15977636 193425 65024 19281610 18864154 52952 38174 3417510 3280168 3470462 3318342 X 14820951 14763805 990197 782007 15811148 15545812 19281610 18864154 X -138693 -126643 X 0 1 1 X 0 X X 0 0 0 BRONX PREPARATORY CHARTER SCHOOL 061581474 2 1 1 1 232948 1 232948 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 658614 658614 17921009 2903249 15017760 654812 492708 162104 303112 163954 139158 15977636 251801 390494 -138693 9519 -136162 -126643 -265336 12589851 9519 12328531 12338050 251801 0 251801 12202280 11811786 11811786 390494 0 390494 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: MANAGEMENT EVALUATED THE ORGANIZATION'S TAX POSITIONS AND CONCLUDED THAT THE ORGANIZATION HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. WITH FEW EXCEPTIONS, THE ORGANIZATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY U.S. FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2007, WHICH IS THE STANDARD STATUTE OF LIMITATIONS LOOK-BACK PERIOD. PART XI, LINE 8 - OTHER ADJUSTMENTS: LOSS ON UNCOLLECTIBLE PLEDGES -136,162. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES AGAINST RENTAL INCOME 692,310. BRONX PREPARATORY CHARTER SCHOOL 11,636,221. PART XIII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES AGAINST RENTAL INCOME 692,310. BRONX PREPARATORY CHARTER SCHOOL 11,119,476. X X X 0 0 0 0 0 0 0 0 0 SAMONA JOE-TAIT THRU 93011 63070 119994 0 0 0 0 3154 5999 1777 3560 68001 129553 0 0 X 3 31919 FAIR MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 THE 990 IS (WILL BE) REVIEWED BY THE AUDIT COMMITTEE OF THE BOARD 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 2007 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: 9,519. LOSS ON UNCOLLECTIBLE PLEDGES -136,162. TOTAL TO FORM 990, PART XI, LINE 5: -126,643. FORM 990, PART VII, SECTION A AN ESTIMATED WEEKLY AVERAGE HOURS OF THE BOARD OF DIRECTORS AND OFFICERS FROM RELATED ORGANIZATIONS: LAWRENCE BASCOM - 2.00 AVERAGE HOURS PER WEEK CARLTON CHARLES - 2.00 AVERAGE HOURS PER WEEK LILIETH FERGUSON - 2.00 AVERAGE HOURS PER WEEK LEE FLANAGAN - 2.00 AVERAGE HOURS PER WEEK NANCY GARVEY - 2.00 AVERAGE HOURS PER WEEK PHIL GELSTON - 2.00 AVERAGE HOURS PER WEEK STEVE GUGGENHEIMER - 2.00 AVERAGE HOURS PER WEEK KRISTIN KEARNS JORDAN - 2.00 AVERAGE HOURS PER WEEK SCOTT NELSON - 2.00 AVERAGE HOURS PER WEEK ANDREW PAUL - 2.00 AVERAGE HOURS PER WEEK RICHARD SCHUBART - 2.00 AVERAGE HOURS PER WEEK SHARON SIMPSON - 2.00 AVERAGE HOURS PER WEEK RAVI SURIA - 2.00 AVERAGE HOURS PER WEEK PHILIP WHARTON - 2.00 AVERAGE HOURS PER WEEK YULIANA KIM-GRANT - 2.00 AVERAGE HOURS PER WEEK KAVITA DOLAN - 2.00 AVERAGE HOURS PER WEEK DEBORAH L. EVANGELAKOS - 2.00 AVERAGE HOURS PER WEEK SAMONA TAIT - 12 AVERAGE HOURS PER WEEK ZAID MOHAMMED - 12 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 1 0 0 0 BRONX PREPARATORY CHARTER SCHOOL I 704100 LEASE AGREEMENT