2024-05-15T19:24:55-05:00 2023-06-30 873231666 PKF O'CONNOR DAVIES ADVISORY LLC 245 PARK AVENUE 12TH FLOOR NEW YORK NY 10167 990 2022-07-01 263206518 BROOKLYN PROSPECT CHARTER SCHOOL BROO 7186431086 397 BRIDGE STREET 9TH FLOOR BROOKLYN NY 11201 GRAVELLE PIERRE BOARD CHAIR 7186431086 2024-05-15 1 GRAVELLE PIERRE XXX-XX-XXXX 1 GARRETT M HIGGINS P00543209 2122862600 2024-05-15 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z GRAVELLE PIERRE 397 BRIDGE STREET 9TH FLOOR BROOKLYN NY 11201 60453211 0 X WWW.BROOKLYNPROSPECT.ORG X 2008 NY OUR SCHOOL PREPARES STUDENTS FOR SUCCESS AS GLOBAL CITIZENS. 10 10 545 40 0 0 5652987 4252360 48876853 55747569 3773 149555 146677 303727 54680290 60453211 0 0 0 0 32011029 35560515 0 0 282309 22795960 29540178 54806989 65100693 -126699 -4647482 20499218 216737698 6699418 207585380 13799800 9152318 X SERVING KINDERGARTEN THROUGH TWELFTH GRADE, BROOKLYN PROSPECT PAIRS STUDENTS WITH EXCELLENT TEACHERS IN A COLLEGE PREPARATORY ENVIRONMENT USING THE INTERNATIONAL BACCALAUREATE PROGRAM. WE PREPARE STUDENTS TO BECOME GLOBAL CITIZENS AND HELP THEM TO DEVELOP THE LOVE OF LEARNING THAT PROVIDES THE FOUNDATION FOR LIFELONG PERSONAL AND ACADEMIC SUCCESS. 0 0 55619659 0 55747569 BROOKLYN PROSPECT CHARTER SCHOOL IS AN EDUCATIONAL CORPORATION THAT OPERATES THREE CHARTER SCHOOLS IN THE BOROUGH OF BROOKLYN, NEW YORK. AT BROOKLYN PROSPECT, WE BELIEVE THAT FAMILIES SHOULDN'T HAVE TO CHOOSE BETWEEN STRONG ACADEMICS AND A DIVERSE COMMUNITY. AT THE HEART OF OUR PROGRAM ARE THREE KEY COMMITMENTS: DIVERSITY, WORLD-CLASS ACADEMICS, AND EXCELLENT TEACHING. FOR THE 2022-2023 SCHOOL YEAR, WE SERVED APPROXIMATELY 2,200 STUDENTS IN GRADES KINDERGARTEN THROUGH TWELFTH. 55619659 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 100 0 545 1 0 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X HILLARY PRINCE 7186431086 397 BRIDGE STREET 9TH FLOOR BROOKLYN NY 11201 X GRAVELLE PIERRE BOARD CHAIR 4.00 0.00 X X 0 0 0 MAYA PETROCELLI SECRETARY 1.00 0.00 X X 0 0 0 AHMED HAQUE TRUSTEE 1.00 0.00 X 0 0 0 ANGELA KURZAWA TRUSTEE 1.00 0.00 X 0 0 0 JOANNE GARCE-RODRIGUEZ TRUSTEE 1.00 0.00 X 0 0 0 JULIET CULLEN-CHEUNG TRUSTEE 1.00 0.00 X 0 0 0 MICHAEL ECHENBERG TRUSTEE 1.00 0.00 X 0 0 0 MICHELLE RAMIREZ TRUSTEE 1.00 0.00 X 0 0 0 SAM KOCH TRUSTEE 1.00 0.00 X 0 0 0 SARA KEENAN TRUSTEE 1.00 0.00 X 0 0 0 EMILY CARROLL-CHOCOLAAD PRINCIPAL 40.00 0.00 X 153304 0 29417 FOLAKE AKINOLA-PINARD PRINCIPAL 40.00 0.00 X 144615 0 24956 KIERSTEN GIBSON-COOPER PRINCIPAL 40.00 0.00 X 137906 0 13633 ELLIS MATTHEW PRINCIPAL 40.00 0.00 X 141545 0 13844 DANA MULWANDA PRINCIPAL 40.00 X 121756 0 35820 699126 0 117670 19 0 1 0 CDW GOVERNMENT 75 REMITTANCE DRIVE SUITE 1515 CHICAGO IL 60675 TECHNOLOGY 538561 10 3357349 895011 4252360 GOV'T PER-PUPIL REVENUE 611110 44115265 44115265 GOV'T PER-PUPIL REV.- FACILITIES 611110 11600649 11600649 AFTER SCHOOL PROGRAM 611110 16517 16517 EXAM/OTHER PARENT PAYMENTS 611110 15138 15138 55747569 149555 149555 REFUNDS 900099 286689 286689 REIMBURSEMENT OF EXPENSES 900099 17038 17038 303727 60453211 55747569 0 453282 28731219 27242629 1469345 19245 868409 823407 44419 583 3546183 3362417 181386 2380 2414704 2289573 123511 1620 7909290 3163716 4666481 79093 23859 23859 105341 105341 1261995 1068412 193516 67 784209 647152 136661 396 303333 287663 15467 203 16042384 15211696 819898 10790 10898 10898 346158 337913 8141 104 32697 10337 22360 1058171 1058171 319271 319271 CURRICULUM & CLASSROOM 859394 859394 PROFESSIONAL DEVELOP. 315350 315350 PARENT TEACHER ORGANIZA 167828 167828 65100693 55619659 9198725 282309 38498 165906 7471633 6184137 4098542 2228502 0 278368 167126 305426 14027362 7204850 5398626 6822512 3324793 200752847 20499218 216737698 681808 566895 120944 47779 1100000 2150000 4796666 204820706 6699418 207585380 X 13799800 9152318 13799800 9152318 20499218 216737698 -4647482 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7524196 3066060 4458136 3715275 2339521 1375754 2787891 1799269 988622 6822512 RIGHT OF USE ASSETS 196460208 SECURITY DEPOSIT 3416315 DUE FROM AFFILIATE 876324 200752847 OPERATING LEASE LIABITIES 204611706 PAYCHECK PROTECTION PROGRAM LOAN 209000 204820706 X 60468286 15075 15075 60453211 0 60453211 65115768 15075 15075 65100693 0 65100693 PART X, LINE 2: THE SCHOOL RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE SCHOOL HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE SCHOOL IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR YEARS PRIOR TO JUNE 30, 2020. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 AS A PUBLIC SCHOOL, SUBJECT TO OPEN ENROLLMENT, THE CHARTER SCHOOL IS NOT SUBJECT TO THE SPECIFIC GUIDELINES SET FORTH IN REV. PROV. 75-50 AND AS MODIFIED BY REV. PROC. 2019-22. SCHEDULE E, PART I, LINE 6 THE SCHOOL RECEIVES PER-PUPIL FUNDING FROM THE NYC BOARD OF EDUCATION UNDER THEIR CHARTER AGREEMENT. THE SCHOOL ALSO RECEIVES VARIOUS FEDERAL, STATE, AND CITY FUNDS INCLUDING FEDERAL ENTITLEMENTS TO ASSIST WITH COVERING THE COST OF CERTAIN PROGRAMS. X X X X 0 0 0 0 0 0 0 0 0 EMILY CARROLL-CHOCOLAAD PRINCIPAL 153304 0 0 0 0 0 0 0 29417 0 182721 0 0 0 FOLAKE AKINOLA-PINARD PRINCIPAL 144615 0 0 0 0 0 5794 0 19162 0 169571 0 0 0 DANA MULWANDA PRINCIPAL 121756 0 0 0 0 0 0 0 35820 0 157576 0 0 0 ELLIS MATTHEW PRINCIPAL 141545 0 0 0 0 0 5682 0 8162 0 155389 0 0 0 KIERSTEN GIBSON-COOPER PRINCIPAL 137906 0 0 0 0 0 2461 0 11172 0 151539 0 0 0 FORM 990, PART VI, SECTION A, LINE 3 THE SCHOOL IS MANAGED BY PROSPECT SCHOOLS, INC. ("PROSPECT"), A CHARTER MANAGEMENT ORGANIZATION. PROSPECT OVERSEES THE SCHOOL IN THEIR DEVELOPMENT AND IMPLEMENTATION OF THEIR EDUCATIONAL AND INSTRUCTION PROGRAMS; SUPPORTS AND ASSISTS THE BUSINESS ADMINISTRATION OF THE SCHOOL; ASSISTS IN THE RECRUITMENT OF PERSONNEL AND PROVIDES HUMAN RESOURCES SERVICES; AND OVERSEES THE FINANCIAL SERVICES AND REPORTS FOR THE SCHOOL. FOR THE YEAR ENDED JUNE 30, 2023, THE SCHOOL PAID PROSPECT A MANAGEMENT FEE IN THE AMOUNT OF $7,909,290. THERE WERE NO BOARD MEMBERS OR EMPLOYEES COMPENSATED BY THE MANAGEMENT COMPANY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE BOARD CHAIR AND TREASURER. A COMPLETE COPY OF THE RETURN IS PROVIDED TO THE ENTIRE BOARD OF TRUSTEES FOR APPROVAL PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE SCHOOL HAS A CONFLICT OF INTEREST POLICY APPLICABLE TO TRUSTEES, OFFICERS, AND KEY PERSONS. UPON ELECTION OR APPOINTMENT, AND ON AN ANNUAL BASIS THEREAFTER, COVERED PERSONS MUST COMPLETE A CONFLICT OF INTEREST DISCLOSURE FORM AND MUST SIGN A STATEMENT, WHICH AFFIRMS THAT SUCH PERSON HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, HAS READ AND UNDERSTANDS THE POLICY, AND HAS AGREED TO COMPLY WITH THE POLICY. THE WRITTEN DISCLOSURE STATEMENTS ARE SUBMITTED TO AND REVIEWED BY THE CHAIRPERSON OF THE BOARD. IF A POTENTIAL CONFLICT ARISES BETWEEN ANNUAL UPDATES, THE PERSON INVOLVED HAS A DUTY TO PROMPTLY DISCLOSE ALL MATERIAL FACTS PERTAINING TO A POTENTIAL CONFLICT OF INTEREST. DETERMINATIONS REGARDING CONFLICT MATTERS ARE TO BE MADE BY THE BOARD OF TRUSTEES BY MAJORITY VOTE. AT THE TIME OF ANY DELIBERATION CONCERNING CONFLICTS OF INTEREST THE PERSON INVOLVED MUST NOT BE PRESENT, UNLESS ASKED TO PROVIDE ADDITIONAL INFORMATION, AND SUCH PERSON MAY NOT VOTE ON THE MATTER. THE EXISTENCE AND RESOLUTION OF ANY REPORTED CONFLICTS OF INTEREST ARE DOCUMENTED IN THE BOARD MINUTES. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL MAKES ITS FORM 990, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST AT 397 BRIDGE STREET, 9TH FLOOR, BROOKLYN, NY 11201, OR BY CALLING THE ORGANIZATION DIRECTLY AT (718)643-1086. IN ADDITION, THE FORM 990 IS AVAILABLE ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. FORM 990, PART XII, LINE 2C: THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES IS RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.