EQUALITY CHARTER SCHOOL: Form 990, tax year 2009
View the entire original 990 at ProPublica ↗
- Organization
- EQUALITY CHARTER SCHOOL (EIN 80-0338050)
- Tax period
- 2009-07-01 to 2010-06-30
- Filed
- 2011-05-12
- IRS object ID
- 201111329349303901
- Schema version
- 2009v1.7
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-05-12T16:36:34-05:00 | Timestamp |
| Tax Period End Date | 2010-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MBAF-ERE CPAs LLC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 440 PARK AVE SOUTH-5TH FL | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10016 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2009-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 800338050 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | EQUALITY CHARTER SCHOOL | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | EQUA | NameControl |
| Phone | 7183203032 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4140 HUTCHINSON RIVER PARKWAY E | AddressLine1 |
| City | BRONX | City |
| State | NY | State |
| ZIP Code | 10475 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Caitlin Franco | Name |
| Title | PRINCIPAL | Title |
| Phone | 7183203032 | Phone |
| Date Signed | 2011-05-09 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2125761400 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2009 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | CAITLIN FRANCO | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4140 HUTCHINSON RIVER PARKWAY EAST | AddressLine1 |
| City | BRONX | City |
| State | NY | State |
| ZIP Code | 10475 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 2673521 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | WWW.EQUALITYCHARTERSCHOOL.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 2009 | YearFormation |
| State Legal Domicile | NY | StateLegalDomicile |
| Activity Or Mission Description | Equality Charter School opened its doors in the Fall of 2009 in the North Bronx with a college preparatory academic program and a highly structured and supportive school culture. While the School is comprised of students from many backgrounds, it is uniquely designed to close the achievement gap in middle school and prepare students to be successful in college by focusing on the integration of goal setting, critical thinking and problem solving skills. The School's primary purpose is to provide educational services to the six to twelfth grade students of community school district 11. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 10 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 9 | NbrIndependentVotingMembers |
| Total Nbr Employees | 25 | TotalNbrEmployees |
| Total Nbr Volunteers | 10 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Current Year | 54715 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 82813 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 2617529 | ProgramServiceRevenueCY |
| Investment Income Current Year | 1277 | InvestmentIncomeCurrentYear |
| Other Revenue Current Year | 0 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 82813 | TotalRevenuePriorYear |
| Total Revenue Current Year | 2673521 | TotalRevenueCurrentYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 41876 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 1458476 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 13025 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 4802 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 27946 | OtherExpensePriorYear |
| Other Expenses Current Year | 640945 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 82847 | TotalExpensesPriorYear |
| Total Expenses Current Year | 2099421 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -34 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 574100 | RevenuesLessExpensesCY |
| Total Assets BOY | 70395 | TotalAssetsBOY |
| Total Assets EOY | 810373 | TotalAssetsEOY |
| Total Liabilities BOY | 70429 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 236307 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | -34 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 574066 | NetAssetsOrFundBalancesEOY |
| Mission Description | Equality Charter School opened its doors in the Fall of 2009 in the North Bronx with a college preparatory academic program and a highly structured and supportive school culture. While the School is comprised of students from many backgrounds, it is uniquely designed to close the achievement gap in middle school and prepare students to be successful in college by focusing on the integration of goal setting, critical thinking and problem solving skills. The School's primary purpose is to provide educational services to the six to twelve grade students of community school district 11. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 1303476 | Expense |
| Revenue | 2270062 | Revenue |
| Description | General Education Program:Equality's academic program is well aligned with the research of Douglas Reeves, who highlights 90/90/90 Schools: 90% of the students are eligible for free or reduced lunch, 90% of the students are members of an ethnic minority group, and 90% of these students are at or above grade level in reading or another area as measured by district or state assessments. He notes that in these schools there are five common characteristics: a focus on academic achievement, clear curriculum choices, frequent assessment of student progress and multiple opportunities for improvement, an emphasis on non-fiction writing, and collaborative scoring of student work. The underlying foundation of Equality's academic program focuses on Reeves research with some additional components: 1) high expectations; 2) positive school culture; 3) curriculum alignment with New York State Standards; 4) data-driven decisions; 5) inclusive education; 6) emphasis on writing; 7) collaboration; 8) parental involvement; 9) life action plans, including post secondary planning and options; and 10) advisories. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 363982 | Expense |
| Revenue | 347467 | Revenue |
| Description | SPECIAL EDUCATION ProgramEquality will provide an inclusive educational setting for our second language learners and for students with disabilities. The three founding team members have extensive experience in creating positive, rigorous, inclusive classrooms that provide socially and academically beneficial environments for all students. Our daily professional development, data emphasis, PBIS, and nurturing environment will all support successful inclusion and high academic achievement for all students. While many schools have special education populations of roughly 10%, Equality has a population that comprises nearly 20% of the student body. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 1667458 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Balance Sheet Amounts Reported | 1 | BalanceSheetAmountsReported |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 1 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 0 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 21 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 25 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Excess Business Holdings | 0 | ExcessBusinessHoldings |
| Taxable Distributions | 0 | TaxableDistributions |
| Distribution To Donor | 0 | DistributionToDonor |
| Nbr Voting Governing Body Members | 10 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 9 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | Caitlin Franco | NamePerson |
| Telephone Number | 7183203032 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | c/o Equality Charter School 4140 | AddressLine1 |
| City | BRONX | City |
| State | NY | State |
| ZIP Code | 10475 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (11 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer |
|---|---|---|---|---|---|---|
| Edward Hubbard | ||||||
| Member | 2.00 | X | 0 | 0 | 0 | |
| Ehri Mathurin | ||||||
| Secretary | 2.00 | X | 0 | 0 | 0 | |
| Gina Feliciano | ||||||
| Member | 2.00 | X | 0 | 0 | 0 | |
| Hashim Bello | ||||||
| Member | 2.00 | X | 0 | 0 | 0 | |
| Jeremy Hendon | ||||||
| Member | 2.00 | X | 0 | 0 | 0 | |
| Joshua Weitzman | ||||||
| Member | 2.00 | X | 0 | 0 | 0 | |
| Linda Berk | ||||||
| Member | 2.00 | X | 0 | 0 | 0 | |
| Stanley Buchesky | ||||||
| Member | 2.00 | X | 0 | 0 | 0 | |
| Stephen Tosh | ||||||
| CHAIRPERSON | 2.00 | X | 0 | 0 | 0 | |
| JoAnn Myers | ||||||
| PRINCIPAL | 60.00 | X | 81574 | 0 | 1313 | X |
| Caitlin Franco | ||||||
| ASSISTANT PRINCIPAL | 45.00 | 48002 | 0 | 1929 | X | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 129576 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 3242 | TotalOtherCompensation |
| Number Individuals GT100 K | 0 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 0 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation
Name Of Contractor NameOfContractor
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Charter School Business Management | BusinessNameLine1 |
Address Of Contractor AddressOfContractor
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 237 West 35th Street | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10001 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description Of Services | Financial Management Services | DescriptionOfServices |
| Compensation | 118193 | Compensation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 1 | NumberOfContractorsGT100K |
| All Other Contributions | 54715 | AllOtherContributions |
| Total Contributions | 54715 | TotalContributions |
Program Service Revenue ProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Fees from Government | Description |
| Business Code | 900099 | BusinessCode |
| Total Revenue Column | 2617529 | TotalRevenueColumn |
| Related Or Exempt Function Income | 2617529 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 2617529 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1277 | TotalRevenueColumn |
| Exclusion | $1,277 | ExclusionAmount |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 2673521 | TotalRevenueColumn |
| Related Or Exempt Function Income | 2617529 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $1,277 | ExclusionAmount |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 329727 | Total |
| Program Services | 268251 | ProgramServices |
| Management And General | 61476 | ManagementAndGeneral |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 894509 | Total |
| Program Services | 740597 | ProgramServices |
| Management And General | 152023 | ManagementAndGeneral |
| Fundraising | 1889 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 20161 | Total |
| Program Services | 16360 | ProgramServices |
| Management And General | 3750 | ManagementAndGeneral |
| Fundraising | 51 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 100716 | Total |
| Program Services | 81729 | ProgramServices |
| Management And General | 18731 | ManagementAndGeneral |
| Fundraising | 256 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 113363 | Total |
| Program Services | 91992 | ProgramServices |
| Management And General | 21083 | ManagementAndGeneral |
| Fundraising | 288 | Fundraising |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 20500 | Total |
| Management And General | 20500 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 154409 | Total |
| Program Services | 33180 | ProgramServices |
| Management And General | 121229 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 18365 | Total |
| Program Services | 17860 | ProgramServices |
| Management And General | 505 | ManagementAndGeneral |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 20614 | Total |
| Program Services | 18759 | ProgramServices |
| Management And General | 1649 | ManagementAndGeneral |
| Fundraising | 206 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 30360 | Total |
| Program Services | 30360 | ProgramServices |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 54021 | Total |
| Program Services | 51860 | ProgramServices |
| Management And General | 1621 | ManagementAndGeneral |
| Fundraising | 540 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 11680 | Total |
| Program Services | 11213 | ProgramServices |
| Management And General | 350 | ManagementAndGeneral |
| Fundraising | 117 | Fundraising |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| Classroom supplies and | 136342 | 136342 | ||
| Staff professional deve | 111184 | 93546 | 17638 | |
| Office expense | 41331 | 40958 | 0 | 373 |
| Furniture and fixtures | 12771 | 6647 | 6124 | |
| Telephone and internet | 10876 | 10440 | 327 | 109 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 18492 | Total |
| Program Services | 17364 | ProgramServices |
| Management And General | 155 | ManagementAndGeneral |
| Fundraising | 973 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2099421 | Total |
| Program Services | 1667458 | ProgramServices |
| Management And General | 427161 | ManagementAndGeneral |
| Fundraising | 4802 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 25415 | BOY |
| EOY | 306800 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 44980 | BOY |
| EOY | 280730 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 11093 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 265771 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 54021 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 211750 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 70395 | BOY |
| EOY | 810373 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 40129 | BOY |
| EOY | 219119 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 17188 | EOY |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 30300 | BOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 70429 | BOY |
| EOY | 236307 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -34 | BOY |
| EOY | 574066 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -34 | BOY |
| EOY | 574066 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 70395 | BOY |
| EOY | 810373 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 152296 | OtherCostOrOtherBasis |
| Depreciation | 27956 | Depreciation |
| Book Value | 124340 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 113475 | OtherCostOrOtherBasis |
| Depreciation | 26065 | Depreciation |
| Book Value | 87410 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 211750 | TotalOfBookValueLandBuildings |
| Total Revenue | 2673521 | TotalRevenue |
| Total Expenses | 2099421 | TotalExpenses |
| Excess Or Deficit For Year | 574100 | ExcessOrDeficitForYear |
| Total Adjustments | 0 | TotalAdjustments |
| Excess Or Deficit Per FS | 574100 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 2756334 | TotRevenueEtcAuditedFinclStmt |
| Other Revenues | 82813 | OtherRevenues |
| Revenue Not Rptd F990 | 82813 | RevenueNotRptdF990 |
| Revenue Subtotal | 2673521 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 2673521 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 2182268 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 82847 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 82847 | ExpensesNotRptdF990 |
| Expenses Subtotal | 2099421 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 2099421 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Part X: | Description of Uncertain Tax Positions Under FIN 48: | Effective December 15, 2009, the School adopted a new accounting standard for uncertainty in income taxes. The standard prescribes a minimum recognition threshold and measurement methodology that a tax position taken or expected to be taken in a tax return is required to meet before being recognized in the financial statements. It also provides guidance for derecognition, classification, interest and penalties, accounting in interim periods, disclosure, and transition. The cumulative effect of this change in accounting principle was immaterial. The School is under regular audit by tax authorities. The School believes that it has appropriate support for the positions taken on its tax returns. Nonetheless, the amounts ultimately paid, if any, upon resolution of the issues raised by the taxing authorities may differ materially from the amounts filed. Management believes that its nonprofit status would be sustained upon examination. |
| EXPLANATION FOR SCHEDULE D, PAGE 4, PART XII, LINE 2D AND PART XIII, LINE 2D. THE FINANCIAL STATEMENT IS FROM INCEPTION (JANUARY 13, 2009) TO JUNE 30, 2010. THEREFORE, ADJUSTMENT IS MADE ON THESE LINES TO BACK OUT THE REVENUES AND EXPENSES BEFORE 07/01/2009. EXPLANATION FOR FORM 990. PAGE 3, PART IV, QUESTION 11. FOOTNOTE FOR UNCERTAIN TAX POSITION EFFECTIVE DECEMBER 15, 2009, THE SCHOOL ADOPTED A NEW ACCOUNTING STANDARD FOR UNCERTAINTY IN INCOME TAXES. THE STANDARD PRESCRIBES A MINIMUM RECOGNITION THRESHOLD AND MEASUREMENT METHODOLOGY THAT A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN THE FINANCIAL STATEMENTS. IT ALSO PROVIDES GUIDANCE FOR DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE, AND TRANSITION. THE CUMULATIVE EFFECT OF THIS CHANGE IN ACCOUNTING PRINCIPLE WAS IMMATERIAL. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | 1 | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | 1 | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | 1 | PolicyPublViaBroadcastMedia |
| Pub Via Broadcast Media Expln | Equality Charter School declares its non-discrimination policy on the school's website which is the main portal to access their enrollment. | PubViaBroadcastMediaExpln |
| Maint Racial Composition Records | 1 | MaintRacialCompositionRecords |
| Maint Scholarships Records | 0 | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | 1 | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | 1 | MaintCopiesOfAllSolicitations |
| Org Does Not Maintain Explanation | The school is a free public school and does not award scholarships or financial assistance. | OrgDoesNotMaintainExplanation |
| Discriminate Race Students Rights | 0 | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | 0 | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | 0 | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | 0 | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | 0 | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | 0 | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActy |
| Government Financial Aid Received | 1 | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | 0 | GovernmentFinancialAidRevoked |
| Govt Financial Aid Explanation | EQUALITY CHARTER SCHOOL RECEIVES FEDERAL AND STATE GOVERNMENT GRANTS ANNUALLY. THESE GRANTS FUND THE GENERAL EDUCATION AND SPECIAL EDUCATION PROGRAM THAT THE SCHOOL OFFERS. | GovtFinancialAidExplanation |
| Compliance With Rev Proc7550 | 1 | ComplianceWithRevProc7550 |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (5 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| Form 990, Part VI, Section B, line 11 | All financial information is provided to and reviewed by the Finance Committee and then presented to the board as a whole. |
| Form 990, Part VI, Section B, line 12c | Any director, principal officer or member of a committee with governing board delegated powers, who has a direct or indirect financial interest, as defined below, is an interested person. In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of committees with governing board delegated powers considering the proposed transaction or arrangement. |
| Form 990, Part VI, Section B, line 15 | The Board of Trustees determines the Principal's salary. Any such decisions will be captured in the Board meeting minutes. Any changes to a staff members salary will be approved by the Principal in writing or electronically and documented via a Personnel Action Form. A copy of this form will be maintained in the employee file. |
| Form 990, Part VI, Section C, line 19 | The school is required to file these schedules and policies with various state education agencies and in addition, the policies are part of the school's by-laws and manuals. The audited financial statements are due to the school's authorizer who makes this information available to the public. |
| THIS PROCESS HAS NOT CHANGED FROM PRIOR YEAR. |