2011-04-20T07:34:53-05:00 2010-06-30 WithumSmithBrown PC 465 South St Ste 200 Morristown NJ 079606497 990 2009-07-01 311488698 UNCOMMON SCHOOLS INC UNCO 2128447905 C/O RHF 826 BROADWAY 9TH FLOOR NEW YORK NY 10003 CAROLYN HACK 2011-04-04 Scott Mariani 9738989494 2009 2016-02-24 21:20:13Z DAVID E RUDALL 826 BROADWAY 9TH FLOOR NEW YORK NY 10003 24176310 false X WWW.UNCOMMONSCHOOLS.ORG X 1996 NY TO START AND MANAGE OUTSTANDING URBAN CHARTER PUBLIC SCHOOLS THAT CLOSE THE ACHIEVEMENT GAP AND PREPARE LOW-INCOME STUDENTS TO GRADUATE FROM COLLEGE. 8 7 102 0 99550 -350071 11383536 17392379 3418472 5141108 -93812 302414 -542469 1340409 14165727 24176310 1742122 6937823 0 0 4321589 5034521 0 0 290098 2448290 5588860 8512001 17561204 5653726 6615106 34284383 68402050 27415834 63102634 6868549 5299416 TO START AND MANAGE OUTSTANDING URBAN CHARTER PUBLIC SCHOOLS THAT CLOSE THE ACHIEVEMENT GAP AND PREPARE LOW-INCOME STUDENTS TO GRADUATE FROM COLLEGE. THE ORGANIZATION BUILDS UNCOMMONLY GREAT SCHOOLS BY DEVELOPING AND MANAGING REGIONAL NETWORKS THAT ARE PHILOSOPHICALLY ALIGNED AND HIGHLY ACCOUNTABLE. TO START, DEVELOP AND SUPPORT (THROUGH FUNDRAISING AND SERVICES) EXEMPLARY CHARTER PUBLIC SCHOOLS SERVING LOW INCOME STUDENTS PRIMARILY IN THE NORTHEAST. A PRIMARY PURPOSE OF THE ORGANIZATION IS TO PROVIDE SUPPORT TO NORTH STAR ACADEMY CHARTER SCHOOL OF NEWARK, A CHARTER PUBLIC SCHOOL. IN THAT CAPACITY, THE ORGANIZATION HELPED THE SCHOOL COME INTO EXISTENCE AND SUBSEQUENTLY BUILD AND EXPAND ITS SCHOOL FACILITIES. CHILDREN ARE ACCEPTED BY RANDOM LOTTERY, ALL TEACHERS ARE CERTIFIED BY THE STATE OF NEW JERSEY, AND THE SCHOOL CONSISTENTLY SCORES AS ONE OF THE HIGHEST ACHIEVING IN THE CITY OF NEWARK. IN ADDITION, THE ORGANIZATION HAS HELPED CREATE, BUILD AND SUPPORT OTHER CHARTER PUBLIC SCHOOLS false false 16690828 6937823 5240658 GRANTS TO CHARTER PUBLIC SCHOOLS AND EXPENSES INCURRED IN SUPPORTING CHARTER PUBLIC SCHOOLS. PLEASE REFER TO FORM 990, PART III, FOR THE ORGANIZATION'S MISSION. 16690828 true true false false false false false false false true false true false false false false false false false false false true true true true false false false false false true false false false false false false false false true true true false false true 0 0 true 102 true true true false false false false false false false false false 8 7 false false false false false true true true true false false true true true true true true true true false NY X CAROLYN HACK 2128447905 826 BROADWAY 9TH FLOOR NEW YORK NY 10003 NORMAN ATKINS 3.0 X X 0 0 0 DAVID COOPER 3.0 X 0 0 0 ROBERT M HOWITT 3.0 X 0 0 0 PEARL KANE 3.0 X 0 0 0 ROBERT T KARR 3.0 X 0 0 0 DONALD R KATZ 3.0 X 0 0 0 RONDO MOSES 3.0 X 0 0 0 JAMES A PEYSER 3.0 X 0 0 0 DAVID E RUDALL 55.0 X 172650 35000 4263 JOSHUA PHILLIPS 55.0 X 149312 35000 25090 CAROLYN HACK 55.0 X 129695 0 10533 BRETT PEISER 55.0 X 169506 35000 19290 DOUG LEMOV 55.0 X 152325 0 18544 PAUL BAMBRICK SANTOYO 55.0 X 152271 0 18126 JOHN B KING JR 55.0 X 117161 35000 3294 1042920 140000 99140 7 false true false CIVIC BUILDERS INC 304 HUDSON STREET THIRD FLOOR NEW YORK NY 10013 CONSTRUCTION 1497939 MINDSHIFT TECHNOLOGIES PO BOX 200105 PITTSBURGH PA 15251 IT CONSULTING 725081 DELTA INTERIORS 35 SHERMAN AVENUE NORTH ARLINGTON NJ 07031 CONSTRUCTION 524551 MANEY MCCONVILLE AND LICCARDI PC 77 TROY ROAD EAST GREENBUSH NY 12061 LEGAL 384475 JIMCO PAINTING 14 CLIFFVIEW LANE VOORHEESVILLE NY 12186 CONTRACTOR 149034 8 687243 86275 16618861 17392379 MANAGEMENT FEES 900099 3671093 3671093 PROFESSIONAL DEVELOPMENT & TRAINING FEES 611430 334715 334715 REAL ESTATE DEVELOPMENT INCOME 531390 757547 757547 OTHER PROGRAM SERVICE REVENUE 900099 377753 377753 5141108 302414 302414 0 0 1340409 0 1340409 1340409 99550 1240859 0 0 0 0 0 24176310 5141108 99550 1543273 6922460 6922460 15363 15363 0 0 1142060 1142060 0 0 0 3167622 2918179 249443 55548 55548 298304 259907 38397 370987 370987 0 3697 3697 105922 105922 0 0 0 0 55174 55174 132112 60 132052 853878 853878 0 760739 760739 93151 4912 87365 874 0 228310 143404 83998 908 1846512 1846512 0 494779 494779 45682 45682 RECRUITMENT 331395 331395 0 0 PROFESSIONAL FEES 152208 119839 32369 0 RESEARCH AND DEVLOPMENT 42970 42970 0 0 OTHER EXPENSES 442331 352662 89193 476 17561204 16690828 580278 290098 6099986 11138615 0 3353996 2872393 3325167 0 150000 1447748 338642 44194 403778 30411267 1620823 20984857 28790444 2802530 20823809 32675 77599 34284383 68402050 983951 2316726 1820275 2123586 655000 650000 22416108 57262322 1540500 750000 27415834 63102634 X 6868549 5299416 6868549 5299416 34284383 68402050 X false true true X false X 3236073 4811784 7603467 11383536 17106116 44140976 3236073 4811784 7603467 11383536 17106116 44140976 7944411 36196565 178444 319703 502665 933931 302414 2237157 46378133 11400590 0.78047 0.75290 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3776188 3776188 21396988 1582971 19814017 75704 37852 37852 5162387 5162387 28790444 ESCROW RESERVE ACCOUNTS 19326949 F LIABILITY COMPANY 1496860 F 20823809 0 OPTION LIABILITY 750000 GRANTS PAYABLE 0 750000 TEXT OF FIN 48 AUDITED FINANCIAL STATEMENT FOOTNOTE SCHEDULE D, PART X THE FIN 48 FOOTNOTE BELOW IS FROM THE ORGANIZATION'S CONSOLIDATED AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED JUNE 30, 2010. THE ORGANIZATION FOLLOWED THE PROVISIONS OF AUTHORITATIVE GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES FOR THE YEARS ENDED JUNE 30, 2010 AND 2009. UNDER THIS GUIDANCE, TAX POSITIONS ARE EVALUATED FOR RECOGNITION USING A MORE-LIKELY-THAN-NOT THRESHOLD, AND THOSE TAX POSITIONS REQUIRING RECOGNITION ARE MEASURED AT THE LARGEST AMOUNT OF TAX BENEFIT THAT IS GREATER THAN 50 PERCENT LIKELY OF BEING REALIZED UPON ULTIMATE SETTLEMENT WITH A TAXING AUTHORITY THAT HAS FULL KNOWLEDGE OF ALL RELEVANT INFORMATION. THE ORGANIZATION HAS EVALUATED THE LIKELIHOOD OF THEIR TAX EXEMPT STATUS BEING CHALLENGED AS REMOTE. ACCORDINGLY, THE ORGANIZATION HAS NOT INCLUDED ANY INCOME TAX PROVISIONS OR ANY POTENTIAL LIABILITIES FOR TAXES ON UNRELATED BUSINESS INCOME, INCLUDING INTEREST AND PENALTIES, IN THE FINANCIAL STATEMENTS RELATED TO POTENTIAL VIOLATIONS OF THEIR TAX EXEMPT STATUS. true EXCELLENCE BOY'S CHARTER SCHOOL of bedford stuyv 225 patchen avenue brooklyn NY 11233 810650035 501(C)(3) 356283 PROGRAM SUPPORT LEADERSHIP PREP BED-STUY CHARTER SCHOOL 141 MACON STREET brooklyn NY 11216 203505981 501(C)(3) 67470 PROGRAM SUPPORT WILLIAMSBURG COLLEGIATE CHARTER SCHOOL 157 wilson street brooklyn NY 11211 202849835 501(C)(3) 19156 PROGRAM SUPPORT BROWNSVILLE COLLEGIATE CHARTER SCHOOL 364 SACKMAN STREET BROOKLYN NY 11212 264475658 501(C)(3) 413356 PROGRAM SUPPORT EXCELLENCE GIRLS CHARTER SCHOOL 794 MONROE STREET BROOKLYN NY 11221 264475595 501(C)(3) 518683 PROGRAM SUPPORT NORTH STAR ACADEMY CHARTER SCHOOL 10 washington place newark NJ 07102 223497097 501(C)(3) 810535 PROGRAM SUPPORT KINGS COLLEGIATE CHARTER SCHOOL 1024 lenox road brooklyn NY 11212 205733716 501(C)(3) 10356 PROGRAM SUPPORT BEDFORD STUYV COLLEGIATE CHARTER SCHOOL 800 GATES AVENUE BROOKLYN NY 11221 262302736 501(C)(3) 47856 PROGRAM SUPPORT LEADERSHIP PREP BROWNSVILLE 364 SACKMAN STREET BROOKLY NY 11212 264445728 501(C)(3) 540970 PROGRAM SUPPORT BOSTON COLLEGIATE CHARTER SCHOOL 11 MAYHEW STREET DORCHESTER MA 02125 501(C)(3) 9100 PROGRAM SUPPORT BROOKLYN EAST COLLEGIATE CHARTER SCHOOL 1485 PACIFIC STREET BROOKLYN NY 11216 203505981 501(C)(3) 235000 PROGRAM SUPPORT LEADERSHIP PREP OCEAN HILL CHARTER SCHOOL 1137 HERKIMER STREET BROOKLYN NY 11233 270327096 501(C)(3) 220000 PROGRAM SUPPORT OCEAN HILL COLLEGIATE CHARTER SCHOOL 1137 HERKIMER STREET BROOKLYN NY 11233 271981535 501(C)(3) 235000 PROGRAM SUPPORT ROXBURY PREPARATORY CHARTER SCHOOL 120 FISHER AVENUE ROXBURY MA 02120 043414783 501(C)(3) 9100 PROGRAM SUPPORT TRUE NORTH ROCHESTER ELEMENTARY SCHOOL 899 JAY STREET ROCHESTER NY 14611 205060104 501(C)(3) 290650 PROGRAM SUPPORT TRUE NORTH ROCHESTER PREPARATORY MIDDLE SCHOOL 630 BROOKS AVENUE ROCHESTER NY 14619 205060104 501(C)(3) 187900 PROGRAM SUPPORT TRUE NORTH TROY PREPARATORY ELEMENTARY SCHOOL 82 3RD STREET TROY NY 12180 262857555 501(C)(3) 40000 PROGRAM SUPPORT TRUE NORTH TROY PREPARATORY MIDDLE SCHOOL 82 3RD STREET TROY NY 12180 262857555 501(C)(3) 434100 PROGRAM SUPPORT UNCOMMON CHARTER HIGH SCHOOL 1485 PACIFIC STREET BROOKLYN NY 11216 202849835 501(C)(3) 880256 PROGRAM SUPPORT UNCOMMON LENDER INC 826 BROADWAY 9TH FLOOR NEW YORK NY 10003 263594129 501(C)(3) 870048 PROGRAM SUPPORT NSA CENTRAL AVE LLC 826 BROADWAY 9TH FLOOR NEW YORK NY 10003 311488698 501(C)(3) 618047 PROGRAM SUPPORT NSA 10 WASHINGTON LLC 826 BROADWAY 9TH FLOOR NEW YORK NY 10003 311488698 501(C)(3) 104077 PROGRAM SUPPORT 20 0 EDUCATIONAL SCHOLARSHIPS 7 15363 GRANT FUND MONITORING Schedule I, Part I; Question 2 GRANTS ARE MONITORED BY THE ORGANIZATION'S FINANCE PERSONNEL THROUGH THE UTILIZATION OF COST CENTERS AND OTHER INFORMATION; INCLUDING WRITTEN DOCUMENTATION AND RECEIPTS. X X X X X true false false false false false false true false DAVID E RUDALL 171650 0 1000 0 0 35000 4263 0 0 0 176913 35000 0 0 JOSHUA PHILLIPS 148312 0 1000 0 0 35000 3300 0 21790 0 174402 35000 0 0 BRETT PEISER 168506 0 1000 0 0 35000 4069 0 15221 0 188796 35000 0 0 DOUG LEMOV 151325 0 1000 0 0 0 4456 0 14088 0 170869 0 0 0 PAUL BAMBRICK SANTOYO 151271 0 1000 0 0 0 3875 0 14251 0 170397 0 0 0 JOHN B KING JR 116161 0 1000 0 0 35000 3294 0 0 0 120455 35000 0 0 COMPENSATION INFORMATION SCHEDULE J, PART I; QUESTION 4A INGRID REYNOSO, GENERAL COUNSEL/DIRECTOR OF HUMAN RESOURCES OF THE ORGANIZATION RECEIVED A SEVERANCE PAYMENT IN THE AMOUNT OF $37,917 DURING CALENDAR YEAR 2009 WHICH SEVERANCE AMOUNT WAS INCLUDED IN COLUMN B (III) HEREIN AND IN HER 2009 FORM W-2, BOX 5, AS TAXABLE MEDICARE WAGES. COMPENSATION INFORMATION SCHEDULE J, PART I, QUESTION 7 AND CORE FORM, PART VII THE FOLLOWING INDIVIDUALS RECEIVED A BONUS DURING CALENDAR YEAR 2009 WHICH BONUS AMOUNTS WERE INCLUDED IN COLUMN B(II) HEREIN AND IN EACH INDIVIDUAL'S 2009 FORM W-2, BOX 5, AS TAXABLE MEDICARE WAGES: DAVID E. RUDALL, $1,000; JOSHUA PHILLIPS, $1,000; CAROLYN HACK, $1,000; MINA HAI, $1,000; MICHAEL AMBRIZ, $1,000; FRANKLIN C. ROSADO, $1,000; BRETT PEISER, $1,000; DOUG LEMOV, $1,000; PAUL BAMBRICK-SANTOYO, $1,000; JOHN B. KING, JR., $1,000; LINDSAY KRUSE, $1,000 AND TERESA M. FERRAGUTO, $1,000. NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY 222045817 2005-02-01 675000 REPAY PORTION OF N/P FOR RENOV false false 675000 3375 671625 2005 false false true true false false false false false 0.00000 0.00000 0.00000 true false false false false false false DAVID E RUDALL X 150000 150000 false true true 150000 DISCLOSURE INFORMATION CORE FORM, PART VI, SECTION b; QUESTION 11a THE ORGANIZATION IS THE PARENT ENTITY OF UNCOMMON SCHOOLS, INC. AND AFFILIATES. THE ORGANIZATION'S FEDERAL FORM 990 WAS PROVIDED TO AND MADE AVAILABLE TO THE FINANCE COMMITTEE OF UNCOMMON SCHOOLS, INC. FOR REVIEW BY ITS MEMBERS PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE ("IRS"). FOLLOWING THIS REVIEW THE FORM 990 WAS MADE AVAILABLE TO EACH VOTING MEMBER OF THE ORGANIZATION'S GOVERNING BODY, ITS BOARD OF TRUSTEES, PRIOR TO FILING WITH THE IRS. THE ORGANIZATION'S BOARD OF TRUSTEES HAS DELEGATED TO ITS FINANCE COMMITTEE THE RESPONSIBILITY TO OVERSEE, REVIEW AND APPROVE OF THE FEDERAL FORM 990, INCLUDING THE PREPARATION, REVIEW AND FILING PROCESS. AS PART OF THE TAX RETURN PREPARATION PROCESS THE ORGANIZATION HIRED A PROFESSIONAL CPA FIRM WITH EXPERIENCE AND EXPERTISE IN NOT-FOR-PROFIT TAX RETURN PREPARATION TO PREPARE THE FEDERAL FORM 990. THE CPA FIRM'S TAX PROFESSIONALS WORKED CLOSELY WITH THE ORGANIZATION'S FINANCE PERSONNEL AND VARIOUS OTHER INDIVIDUALS OF THE ORGANIZATION TO OBTAIN THE INFORMATION NEEDED IN ORDER TO PREPARE A COMPLETE AND ACCURATE TAX RETURN. THE CPA FIRM PREPARED A DRAFT FEDERAL FORM 990 AND FURNISHED IT TO THE ORGANIZATION'S FINANCE PERSONNEL AND OTHER INDIVIDUALS FOR THEIR REVIEW. THE ORGANIZATION'S FINANCE PERSONNEL AND OTHER INDIVIDUALS REVIEWED THE DRAFT FEDERAL FORM 990 AND DISCUSSED QUESTIONS AND COMMENTS WITH THE CPA FIRM. REVISIONS WERE MADE TO THE DRAFT FEDERAL FORM 990 WHERE NECESSARY AND A FINAL DRAFT WAS FURNISHED BY THE CPA FIRM TO THE ORGANIZATION'S FINANCE PERSONNEL AND VARIOUS OTHER INDIVIDUALS FOR FINAL REVIEW AND APPROVAL PRIOR TO PRESENTATION OF THE FEDERAL FORM 990 TO THE MEMBERS OF THE ORGANIZATION'S FINANCE COMMITTEE. THEREAFTER, THE FORM 990 WAS MADE AVAILABLE TO EACH VOTING MEMBER OF THE ORGANIZATION'S GOVERNING BODY, ITS BOARD OF TRUSTEES, PRIOR TO FILING WITH THE IRS. DISCLOSURE INFORMATION CORE FORM, PART VI, SECTION B; QUESTION 12 THE ORGANIZATION IS THE PARENT ENTITY OF UNCOMMON SCHOOLS, INC. AND AFFILIATES. THE ORGANIZATION REGULARLY MONITORS AND ENFORCES COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY. ANNUALLY ALL MEMBERS OF THE BOARD OF TRUSTEES, OFFICERS AND SENIOR MANAGEMENT PERSONNEL ARE REQUIRED TO REVIEW THE EXISTING CONFLICT OF INTEREST POLICY AND COMPLETE A QUESTIONNAIRE. THE COMPLETED QUESTIONNAIRES ARE RETURNED TO THE ORGANIZATION'S CHIEF FINANCIAL OFFICER FOR REVIEW. THEREAFTER THE CHIEF FINANCIAL OFFICER PREPARES A SUMMARY OF THE COMPLETED QUESTIONNAIRES WHICH CONTAINS INFORMATION DISCLOSED ON AN INDIVIDUAL BY INDIVIDUAL BASIS. THEREAFTER, THE CHIEF FINANCIAL OFFICER OF THE ORGANIZATION PRESENTS THIS SUMMARY TO THE ORGANIZATION'S BOARD OF TRUSTEES FOR ITS REVIEW AND DISCUSSION AND ANY MITIGATING BEHAVIOR WHERE NECESSARY. DISCLOSURE INFORMATION CORE FORM, PART VI, SECTION B; QUESTION 15 THE ORGANIZATION'S BOARD OF TRUSTEES HAS A COMPENSATION COMMITTEE ("COMMITTEE"). THE COMMITTEE HAS ADOPTED A WRITTEN EXECUTIVE COMPENSATION PHILOSOPHY WHICH IT FOLLOWS WHEN IT REVIEWS AND APPROVES OF THE COMPENSATION AND BENEFITS OF THE ORGANIZATION'S SENIOR MANAGEMENT, INCLUDING THE CHIEF EXECUTIVE OFFICER, CHIEF OPERATING OFFICER, CHIEF FINANCIAL OFFICER, CHIEF INFORMATION OFFICER, GENERAL COUNSEL AND ALL MANAGING DIRECTORS. THE COMMITTEE REVIEWS THE "TOTAL COMPENSATION" OF THE INDIVIDUALS WHICH IS INTENDED TO INCLUDE BOTH CURRENT AND DEFERRED COMPENSATION AND ALL EMPLOYEE BENEFITS, BOTH QUALIFIED AND NON-QUALIFIED. THE COMMITTEE'S REVIEW IS DONE ON AT LEAST AN ANNUAL BASIS AND ENSURES THAT THE "TOTAL COMPENSATION" OF SENIOR MANAGEMENT OF THE ORGANIZATION IS REASONABLE. THE ACTIONS TAKEN BY THE COMMITTEE ENABLE THE ORGANIZATION TO RECEIVE THE REBUTTABLE PRESUMPTION OF REASONABLENESS FOR PURPOSES OF INTERNAL REVENUE CODE SECTION 4958 WITH RESPECT TO THE TOTAL COMPENSATION OF CERTAIN MEMBERS OF THE SENIOR MANAGEMENT TEAM, INCLUDING THE CHIEF EXECUTIVE OFFICER, CHIEF OPERATING OFFICER, CHIEF FINANCIAL OFFICER, CHIEF INFORMATION OFFICER, GENERAL COUNSEL AND ALL MANAGING DIRECTORS. THE THREE FACTORS WHICH MUST BE SATISFIED IN ORDER TO RECEIVE THE REBUTTABLE PRESUMPTION OF REASONABLENESS ARE THE FOLLOWING: 1. THE COMPENSATION ARRANGEMENT IS APPROVED IN ADVANCE BY AN "AUTHORIZED BODY" OF THE APPLICABLE TAX-EXEMPT ORGANIZATION WHICH IS COMPOSED ENTIRELY OF INDIVIDUALS WHO DO NOT HAVE A "CONFLICT OF INTEREST" WITH RESPECT TO THE COMPENSATION ARRANGEMENT; 2. THE AUTHORIZED BODY OBTAINED AND RELIED UPON "APPROPRIATE DATA AS TO COMPARABILITY" PRIOR TO MAKING ITS DETERMINATION; AND 3. THE AUTHORIZED BODY "ADEQUATELY DOCUMENTED THE BASIS FOR ITS DETERMINATION" CONCURRENTLY WITH MAKING THAT DETERMINATION. THE COMMITTEE IS COMPRISED OF MEMBERS OF THE BOARD OF TRUSTEES EACH OF WHO ARE INDEPENDENT AND ARE FREE FROM ANY CONFLICTS OF INTEREST. THE COMMITTEE RELIED UPON APPROPRIATE COMPARABLE DATA; SPECIFICALLY THE COMMITTEE UTILIZES INDUSTRY COMPARABLES AND PERFORMS IN-HOUSE STUDIES OF EXECUTIVE COMPENSATION WITH ASSISTANCE FROM NEWSCHOOLS VENTURE FUNDS. THE COMMITTEE ADEQUATELY DOCUMENTED ITS BASIS FOR ITS DETERMINATION THROUGH THE TIMELY PREPARATION OF WRITTEN MINUTES OF THE COMPENSATION COMMITTEE MEETINGS DURING WHICH THE EXECUTIVE COMPENSATION AND BENEFITS WAS REVIEWED AND SUBSEQUENTLY APPROVED. THE ACTIONS OUTLINED ABOVE WITH RESPECT TO THE COMMITTEE AND THE ESTABLISHMENT OF THE REBUTTABLE PRESUMPTION OF REASONABLENESS ONLY APPLIES TO CERTAIN SENIOR MANAGEMENT PERSONNEL, INCLUDING TTHE CHIEF EXECUTIVE OFFICER, CHIEF OPERATING OFFICER, CHIEF FINANCIAL OFFICER, CHIEF INFORMATION OFFICER, GENERAL COUNSEL AND ALL MANAGING DIRECTORS. THE COMPENSATION AND BENEFITS OF CERTAIN OTHER INDIVIDUALS DISCLOSED IN THIS FORM 990 ARE REVIEWED ANNUALLY BY THE CHIEF EXECUTIVE OFFICER WITH ASSISTANCE FROM THE ORGANIZATION'S HUMAN RESOURCES DEPARTMENT IN CONJUNCTION WITH THE ORGANIZATION'S BUDGET PROCESS AND INDIVIDUAL'S JOB PERFORMANCE DURING THE YEAR AND IS BASED UPON OTHER OBJECTIVE FACTORS DESIGNED TO ENSURE THAT REASONABLE AND FAIR MARKET VALUE COMPENSATION IS PAID BY THE ORGANIZATION. OTHER OBJECTIVE FACTORS INCLUDE MARKET SURVEY DATA FOR COMPARABLE POSITIONS, INDIVIDUAL GOALS AND OBJECTIVES, PERSONNEL REVIEWS, EVALUATIONS, SELF-EVALUATIONS AND PERFORMANCE FEEDBACK MEETINGS. DISCLOSURE INFORMATION CORE FORM, PART VI, SECTION C; QUESTION 19 THE ORGANIZATION'S FILED CERTIFICATE OF INCORPORATION AND ANY AMENDMENTS CAN BE OBTAINED AND REVIEWED THROUGH THE STATE OF NEW JERSEY SECRETARY OF STATE. AUDITED FINANCIAL STATEMENTS CORE FORM, PART XI; QUESTION 2 AN INDEPENDENT CPA FIRM AUDITED THE FINANCIAL STATEMENTS OF THE TAXPAYER FOR THE FISCAL YEARS ENDED JUNE 30, 2010 AND JUNE 30, 2009; RESPECTIVELY, AND ISSUED A CONSOLIDATED FINANCIAL STATEMENT WITH CONSOLIDATING SCHEDULES BY ENTITY. AN UNQUALIFIED OPINION WAS ISSUED BY THE INDEPENDENT CPA FIRM EACH YEAR. THE BOARD OF TRUSTEES ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF THE TAXPAYERS FINANCIAL STATEMENTS AND THE SELECTION OF ITS INDEPENDENT AUDITOR. TRANSACTIONS WITH RELATED ORGANIZATIONS SCHEDULE R, PART V; QUESTION 2 AFFILIATES ARE GENERALLY CHARGED COST FOR SERVICES RENDERED. EXCELLENCE II LLC 826 BROADWAY 9TH FLOOR NEW YORK NY 10003 311488698 REAL ESTATE NY 486633 205653 NA UNCOMMON PROPERTIES LLC 826 BROADWAY 9TH FLOOR NEW YORK NY 10003 311488698 REAL ESTATE NY 0 -741 NA NSA 10 WASHINGTON LLC 10 WASHINGTON STREET NEWARK NJ 07102 311488698 REAL ESTATE NY 346280 6558007 UNC PROP NSA CLINTON HILL LLC 600 CLINTON AVENUE NEWARK NJ 07108 311488698 REAL ESTATE NY 331389 9345854 UNC PROP NSA CENTRAL AVENUE LLC 13-25 CENTRAL AVENUE NEWARK NJ 07102 311488698 REAL ESTATE NY 145704 26503909 UNC PROP NSA HAZELWOOD AVENUE LLC 24 HAZELWOOD AVENUE NEWARK NJ 07106 311488698 REAL ESTATE NY 700836 359567 UNC PROP TRUE NORTH ROCHESTER AMES STREET LLC 435 AMES STREET ROCHESTER NY 14611 311488698 REAL ESTATE NY 354274 1533155 UNC PROP TRUE NORTH ROCHESTER REAL ESTATE LLC 630 BROOKS AVENUE ROCHESTER NY 14619 311488698 REAL ESTATE NY 162853 1057038 UNC PROP TRUE NORTH ROCHESTER PARKING LLC 657 BROOKS AVENUE ROCHESTER NY 14619 311488698 REAL ESTATE NY 0 9059 UNC PROP TRUE NORTH TROY REAL ESTATE LLC 82 THIRD STREET TROY NY 12180 311488698 REAL ESTATE NY 62866 602859 UNC PROP UNCOMMON CROWN HEIGHTS LLC 1485 PACIFIC STREET BROOKLYN NY 11216 311488698 REAL ESTATE NY 0 -2306 UNC PROP EXCELLENCE ACADEMIES FOUNDATION INC 826 BROADWAY 9TH FLOOR NEW YORK NY 10003 010790110 SUPPORT NY 501(c)(3) 509(A)(3) USI UNCOMMON LENDER INC 826 BROADWAY 9TH FLOOR NEW YORK NY 10003 263594129 REAL ESTATE NJ 501(C)(3) 509(a)(1) USI NORTH STAR QALICB LLC 826 BROADWY NEW YORK NY 10003 201991956 REAL ESTATE NY USI RELATED 231448 2682973 false false false true true false false false false false false false false false false false false false false true UNCOMMON LENDER INC C 122667 EXCELLENCE ACADEMIES FOUNDATION INC R 486626 UNCOMMON LENDER INC B 870048 NORTH STAR QALICB LLC C 77950