2011-05-12T16:36:34-05:00 2010-06-30 MBAF-ERE CPAs LLC 440 PARK AVE SOUTH-5TH FL NEW YORK NY 10016 990 2009-07-01 800338050 EQUALITY CHARTER SCHOOL EQUA 7183203032 4140 HUTCHINSON RIVER PARKWAY E BRONX NY 10475 Caitlin Franco 7183203032 2011-05-09 1 2125761400 2009 2016-02-24 21:20:13Z CAITLIN FRANCO 4140 HUTCHINSON RIVER PARKWAY EAST BRONX NY 10475 2673521 0 X WWW.EQUALITYCHARTERSCHOOL.ORG X 2009 NY 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. 10 9 25 10 0 0 54715 82813 2617529 1277 0 82813 2673521 0 0 41876 1458476 13025 0 4802 27946 640945 82847 2099421 -34 574100 70395 810373 70429 236307 -34 574066 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. 0 0 1303476 2270062 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. 363982 347467 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. 1667458 1 1 0 0 0 0 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 21 0 1 25 1 0 0 0 0 0 0 0 0 0 0 0 0 10 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X Caitlin Franco 7183203032 c/o Equality Charter School 4140 BRONX NY 10475 Edward Hubbard 2.00 X 0 0 0 Ehri Mathurin 2.00 X 0 0 0 Gina Feliciano 2.00 X 0 0 0 Hashim Bello 2.00 X 0 0 0 Jeremy Hendon 2.00 X 0 0 0 Joshua Weitzman 2.00 X 0 0 0 Linda Berk 2.00 X 0 0 0 Stanley Buchesky 2.00 X 0 0 0 Stephen Tosh 2.00 X 0 0 0 JoAnn Myers 60.00 X X 81574 0 1313 Caitlin Franco 45.00 X 48002 0 1929 129576 0 3242 0 0 0 0 Charter School Business Management 237 West 35th Street NEW YORK NY 10001 Financial Management Services 118193 1 54715 54715 Fees from Government 900099 2617529 2617529 2617529 1277 1277 2673521 2617529 0 1277 329727 268251 61476 894509 740597 152023 1889 20161 16360 3750 51 100716 81729 18731 256 113363 91992 21083 288 20500 20500 154409 33180 121229 18365 17860 505 20614 18759 1649 206 30360 30360 54021 51860 1621 540 11680 11213 350 117 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 18492 17364 155 973 2099421 1667458 427161 4802 25415 306800 44980 280730 11093 265771 54021 0 211750 70395 810373 40129 219119 17188 30300 70429 236307 X -34 574066 -34 574066 70395 810373 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 152296 27956 124340 113475 26065 87410 211750 2673521 2099421 574100 0 574100 2756334 82813 82813 2673521 0 2673521 2182268 82847 82847 2099421 0 2099421 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. 1 1 1 Equality Charter School declares its non-discrimination policy on the school's website which is the main portal to access their enrollment. 1 0 1 1 The school is a free public school and does not award scholarships or financial assistance. 0 0 0 0 0 0 0 0 1 0 EQUALITY CHARTER SCHOOL RECEIVES FEDERAL AND STATE GOVERNMENT GRANTS ANNUALLY. THESE GRANTS FUND THE GENERAL EDUCATION AND SPECIAL EDUCATION PROGRAM THAT THE SCHOOL OFFERS. 1 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.