2026-02-23T09:48:29-06:00 2025-06-30 042571780 AAFCPAS INC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2024-07-01 272194956 UP EDUCATION NETWORK UPED 6173075980 PO BOX 220818 DORCHESTER MA 02122 HILLARY CASSON CEO 6179799230 2026-02-20 1 1 ENIS BEZHANI CPA P01647678 5083669100 2026-02-20 2024 2025-03-06 01:10:19Z HILLARY CASSON PO BOX 220818 DORCHESTER MA 02122 2435588 0 X WWW.UPEDUCATIONNETWORK.ORG X 2010 DE UP EDUCATION NETWORK IS A SCHOOL TURNAROUND ORGANIZATION WHOSE MISSION IS TO RAPIDLY TRANSFORM CHRONICALLY UNDERPERFORMING DISTRICT SCHOOLS INTO EXTRAORDINARY SCHOOLS THAT SUSTAIN HIGH ACHIEVEMENT OVER TIME. 8 8 19 150 0 0 1135283 700229 2328213 1600000 20931 133281 3710 -9030 3488137 2424480 13655 3750 0 0 2449962 2166528 0 7760 272825 591858 590777 3055475 2768815 432662 -344335 3383928 2114423 1210045 284875 2173883 1829548 X THE PRINCIPAL INTENT OF THE ORGANIZATION IS TO CONDUCT ACTIVITIES TO ADVANCE EDUCATION REFORM IN PUBLIC SCHOOLS, INCLUDING PUBLIC CHARTER SCHOOLS. SPECIFICALLY, THE ORGANIZATION WILL ENGAGE IN ACTIVITIES TO SUPPORT AND TRANSFORM UNDERPERFORMING SCHOOLS INTO HIGH-PERFORMING SCHOOLS THAT ENSURE ALL STUDENTS, FROM KINDERGARTEN THROUGH HIGH SCHOOL, POSSESS THE ACADEMIC AND SOCIAL SKILLS NECESSARY TO ACHIEVE THEIR FULL POTENTIAL AND THRIVE IN FOUR-YEAR COLLEGES. 0 0 2088986 3750 1600000 UP EDUCATION NETWORK IS ONE OF THE FEW SCHOOL MANAGEMENT ORGANIZATIONS IN THE COUNTRY SUCCESSFULLY TACKLING THE CHALLENGES OF IN-DISTRICT SCHOOL TURNAROUND. UP HAS RESTARTED AND CONTINUES TO MANAGE TWO SCHOOLS IN BOSTON, SERVING 1,300 OF THE STATE'S HISTORICALLY UNDERSERVED STUDENTS. LOCAL SCHOOL DISTRICTS ARE A KEY PARTNER IN UP'S WORK TO TRANSFORM CHRONICALLY UNDERPERFORMING DISTRICT SCHOOLS INTO EXTRAORDINARY SCHOOLS. UP EDUCATION NETWORK IS A WINNER OF NEW SCHOOLS VENTURE FUND "EDUCATION REFORM ORGANIZATION OF THE YEAR" IN RECOGNITION OF OUR EXTRAORDINARY RESULTS. UP EDUCATION NETWORK SCHOOLS HAS HAD A SCHOOL RANKED #1 IN THE STATE OF MASSACHUSETTS IN STUDENT GROWTH FOR SOME SUBJECT OR SPECIAL POPULATION IN 2011, 2012, 2013, 2014, 2018, AND 2019, AND OUR SCHOOLS HAVE INCREASED PROFICIENCY RATES BY 2-3X WITHIN 2 YEARS OF TURNAROUND. UP'S RESULTS HAVE BEEN VALIDATED BY INDEPENDENT RESEARCHERS. A STUDY IN THE AMERICAN ECONOMIC REVIEW BY RESEARCHERS AT MIT FOUND THAT UP DELIVERS EXCEPTIONALLY LARGE, CAUSAL IMPACT FOR OUR STUDENTS IN BOTH MATH AND ELA. OUR STUDENTS WITH THE GREATEST NEED -- STUDENTS WITH LOW PRIOR YEAR PERFORMANCE, STUDENTS WITH DISABILITIES AND ENGLISH LANGUAGE LEARNERS, TEND TO SEE THE MOST GROWTH AT UP.UP EDUCATION NETWORK DELIVERS HIGH-QUALITY ACADEMIC AND OPERATIONAL SERVICES, MANAGES DISTRICT GOVERNANCE AND OTHER EXTERNAL STAKEHOLDER RELATIONSHIPS, AND SUPPORTS SCHOOL LEADERSHIP TEAMS IN FUNCTIONAL AREAS SUCH AS SPECIAL EDUCATION, ENGLISH LANGUAGE LEARNING, INNOVATION, AND TALENT MANAGEMENT. 2088986 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 9 0 1 19 1 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MA DE X HILLARY CASSON 6173075980 PO BOX 220818 DORCHESTER MA 02122 EMILY GREEN BOARD CHAIR 4.00 X X 0 0 0 VERONICA CONFIRME BOARD MEMBER 4.00 X 0 0 0 RHONDA BARNES BOARD MEMBER 4.00 X 0 0 0 J GUSTAVO BOARD MEMBER 4.00 X 0 0 0 OWEN WURZBACHER BOARD MEMBER 4.00 X 0 0 0 ELLEN DALEY BOARD MEMBER 4.00 X 0 0 0 MATTHEW HANSON BOARD MEMBER (AS OF 08/2024) 4.00 X 0 0 0 CALEB GAYLE BOARD MEMBER (AS OF 06/2025) 4.00 X 0 0 0 HILLARY CASSON CHIEF EXECUTIVE OFFICER 40.00 X 244375 0 31591 MIKE BOWER CHIEF OPERATING OFFICER 40.00 X 169744 0 2202 ASHLEY HUTCHINSON O'CONNOR CFO (AS OF 07/2024) 40.00 X 137500 0 30599 MARIANNE NIEMAN MANAGING DIRECTOR OF TALENT 40.00 X 140070 0 11690 JAIME KEARNEY DIRECTOR OF DATA 40.00 X 126103 0 22181 JULIANNA MORRALL CHIEF DEVELOPMENT OFFICER 40.00 X 115678 0 30401 COURTNEY SWARTZ DIRECTOR OF ACADEMICS 40.00 X 123968 0 20691 CJ THOMAS DIRECTOR OF TECHNOLOGY 40.00 X 112750 0 22047 1170188 0 171402 10 0 1 0 KROKIDAS & BLUESTEIN LLP 600 ATLANTIC AVE BOSTON MA 02210 LEGAL SERVICE 194829 1 72486 627743 700229 SERVICE AND OTHER FEES 611710 1600000 1600000 1600000 133281 133281 2078 72486 11108 -9030 -9030 2424480 1600000 0 124251 3750 3750 636372 468200 140146 28026 1217396 956294 83305 177797 10625 8368 656 1601 144527 114006 10267 20254 157608 121358 18388 17862 29762 22917 6845 57770 15993 41777 7760 7760 60573 52039 8534 33943 25722 3898 4323 131954 101605 24587 5762 14658 11287 2475 896 5847 4860 585 402 71844 55320 8382 8142 PROFESSIONAL DEVELOPMEN 89030 75492 13538 RECRUITING 64516 49677 14839 BAD DEBT EXPENSE 20398 20398 MISCELLANEOUS 10482 2098 8384 2768815 2088986 407004 272825 250846 191484 2424423 1709953 498303 27196 125000 125000 22289 21815 30515 24776 5284 5739 57783 33236 3383928 2114423 124208 88804 1055837 196071 30000 0 1210045 284875 X 2173883 1829548 2173883 1829548 3383928 2114423 -344335 0 X X 0 1 X 1 0 X 3721306 1757349 730864 1135283 700229 8045031 3721306 1757349 730864 1135283 700229 8045031 3043140 5001891 70804 4765 18195 20931 133281 247976 8293007 12213052 0.60310 0.56920 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 30515 24776 5739 5739 X 2435588 0 2435588 -11108 -11108 2424480 2779923 11108 11108 2768815 0 2768815 PART IV, LINE 2B: THE ORGANIZATION ACTS AS A FISCAL AGENT FOR BOSTON PUBLIC SCHOOLS IN CONNECTION WITH ITS MANAGEMENT CONTRACT WITH UP ACADEMY HOLLAND (UAH). AS OF JUNE 30, 2025, FUNDS HELD FOR OTHERS CONSIST OF AMOUNTS HELD ON BEHALF OF UAH, WHICH HAVE NOT YET BEEN SPENT. PART X, LINE 2: THE ORGANIZATION ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ASC TOPIC, INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE ORGANIZATION HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS AT JUNE 30, 2025. THE ORGANIZATION'S INFORMATIONAL RETURNS ARE SUBJECT TO EXAMINATION BY THE FEDERAL AND STATE JURISDICTIONS. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES -11,108. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 11,108. SPARK 74564 72486 2078 2078 9030 74564 72486 2078 2078 9030 11108 -9030 X X X X 0 0 0 1 0 0 0 0 0 HILLARY CASSON CHIEF EXECUTIVE OFFICER 228375 0 16000 0 0 0 2347 0 29244 0 275966 0 0 0 MIKE BOWER CHIEF OPERATING OFFICER 169744 0 0 0 0 0 1697 0 505 0 171946 0 0 0 ASHLEY HUTCHINSON O'CONNOR CFO (AS OF 07/2024) 137500 0 0 0 0 0 1375 0 29224 0 168099 0 0 0 MARIANNE NIEMAN MANAGING DIRECTOR OF TALENT 140070 0 0 0 0 0 1401 0 10289 0 151760 0 0 0 PART I, LINE 5 OUR CHIEF DEVELOPMENT OFFICER, JULIANNA MORRALL QUINLAN, IS GIVEN A BONUS BASED ON FUNDRAISING (REVENUE) NUMBERS. IT IS BASED ON A FORMULA, BUT ULTIMATELY UP TO THE DISCRETION OF OUR CEO. OTHER FIXED BONUSES WERE GIVEN OUT FOR ADDITIONAL WORK COMPLETED. NONE WERE NON-FIXED. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT VERSION OF THE 990 IS PROVIDED TO ALL BOARD MEMBERS FOR THEIR REVIEW VIA EMAIL AND PRIOR TO FINAL SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REQUIRES ITS DIRECTORS, MANAGEMENT AND KEY EMPLOYEES TO COMPLETE AN ANNUAL DISCLOSURE FORM IDENTIFYING ANY RELATIONSHIPS, POSITIONS, OR CIRCUMSTANCES IN WHICH THE RESPONSIBLE PERSON IS INVOLVED THAT HE OR SHE BELIEVES COULD CONTRIBUTE TO A CONFLICT OF INTEREST ARISING. FORM 990, PART VI, SECTION B, LINE 15A HILLARY CASSON BECAME THE NEWEST UP CEO, EFFECTIVE JULY 1, 2023. IN DETERMINING HER COMPENSATION, THE BOARD CONSIDERED THE FACTORS LISTED BELOW, INCLUDING BENCHMARK ANALYSIS OF COMPENSATION OF PEER ORGANIZATIONS LOCALLY AND NATIONALLY. -COMPENSATION OF OTHERS IN SIMILAR ROLES AT PEER ORGANIZATIONS -THE UP TURNAROUND CONTEXT -THE BACKGROUND AND EXPERIENCE OF THE INDIVIDUALS -ADVICE FROM THE EXTERNAL SEARCH FIRM WHO LED THE SEARCH THE BOARD USES THAT INPUT TO DETERMINE THE SALARY PACKAGE, WHICH INCLUDED A BONUS THAT WAS APPROVED BY THE BOARD. THE BOARD APPOINTED ITS CHAIR, EMILY GREEN, TO LEAD DISCUSSIONS WITH HILLARY, AND THEY APPROVED HER FY25 COMPENSATION IN ITS FEBRUARY 2024 MEETING. IT WAS DETERMINED THAT FOR FY26, HILLARY CASSON WOULD NOT RECIEVE A COLA INCREASE. THIS WILL BE REASSESSED ANNUALLY. TO DETERMINE SALARIES FOR OUR OTHER OFFICERS AND KEY EMPLOYEES, UP REGULARLY PARTICIPATES IN COMPENSATION STUDIES OF CHARTER MANAGEMENT ORGANIZATIONS AND OTHER PEER ORGANIZATIONS, MOST RECENTLY IN 2021-2022, AND USES THAT TO ADJUST OUR NETWORK OFFICE SALARY BANDS AS NEEDED AND TO REVIEW INDIVIDUAL SALARIES TO ENSURE ALL ARE COMPETITIVE. WE HAVE AWARDED COST OF LIVING INCREASES ANNUALLY AND MADE SALARY ADJUSTMENTS TO REMAIN COMPETITIVE WITH THE LOCAL EDUCATION MARKET. FOR 2024-2025, WE UPDATED OUR SALARY BANDS AND REVIEWED ALL INDIVIDUAL SALARIES AND MADE ADJUSTMENTS ACCORDINGLY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS IS RESPONSIBLE FOR OVERSIGHT OF THE AUDIT OF UP EDUCATION NETWORK, INC.'S FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT.