2025-05-12T19:34:42-05:00 2024-06-30 042571780 AAFCPAS INC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2023-07-01 010790110 EXCELLENCE ACADEMIES FOUNDATION INC EXCE 6467742150 100 CHURCH STREET 9TH FLOOR NEW YORK NY 10007 JOHN POWELL CFO 6467742150 2025-05-12 1 1 CAITLIN LIMOGES CPA P01633588 5083669100 2025-05-12 2023 2025-03-06 01:10:19Z X JOHN POWELL 100 CHURCH STREET 9TH FLOOR NEW YORK NY 10007 227303 0 X WWW.UNCOMMONSCHOOLS.ORG X 2003 DE EXCELLENCE ACADEMIES FOUNDATION, INC. WAS FORMED IN NOVEMBER 2008 TO SUPPORT UNCOMMON EXCELLENCE BOYS CHARTER SCHOOL (ELEMENTARY AND MIDDLE SCHOOL), BOTH OPERATIONALLY AND IN CONNECTION WITH THE ACQUISITION AND DEVELOPMENT OF A SCHOOL FACILITY FOR USE BY EXCELLENCE. 5 2 0 2 0 0 0 0 170893 90231 0 137072 0 0 170893 227303 0 0 0 0 0 0 0 0 0 1004359 1025458 1004359 1025458 -833466 -798155 37981309 36761925 16281159 15859930 21700150 20901995 X TO SUPPORT THE CHARITABLE PURPOSE OF THE SUPPORTED ORGANIZATION, UNCOMMON SCHOOLS, INC.; A RELATED INTERNAL REVENUE CODE SECTION 501(C)(3) TAX EXEMPT ORGANIZATION, BY ENGAGING IN ACTIVITIES DIRECTED TO THE DEVELOPMENT OF INNOVATIVE SCHOOLS, ESPECIALLY CHARTER PUBLIC SCHOOLS. IN PARTICULAR, EXCELLENCE ACADEMIES FOUNDATION, INC., WHICH SUPPORTS THE START-UP, PROGRAM DEVELOPMENT, AND PROGRAM IMPLEMENTATION OF UNCOMMON EXCELLENCE BOYS CHARTER SCHOOL (ELEMENTARY AND MIDDLE SCHOOL) AND THE ACQUISITION AND DEVELOPMENT OF PROPERTY TO BE USED BY UNCOMMON EXCELLENCE BOYS CHARTER SCHOOL (ELEMENTARY AND MIDDLE SCHOOL), A CHARTER PUBLIC SCHOOL THAT OPENED IN THE BEDFORD STUYVESANT NEIGHBORHOOD OF BROOKLYN, NEW YORK IN AUGUST 2004. 0 0 1025458 90231 EXPENSES INCURRED IN CARRYING OUT THE CHARITABLE PURPOSES OF THESUPPORTED ORGANIZATION, UNCOMMON SCHOOLS, INC.; AN INTERNALREVENUE CODE SECTION 501(C)(3) TAX-EXEMPT ORGANIZATION, BYENGAGING IN ACTIVITIES DIRECTED TO THE DEVELOPMENT OF INNOVATIVESCHOOLS, ESPECIALLY CHARTER PUBLIC SHCOOLS. IN PARTICULAR, THEORGANIZATION SUPPORTS THE SUCCESSFUL START-UP, PROGRAMDEVELOPMENT, AND PROGRAM IMPLEMENTATION OF UNCOMMON EXCELLENCE BOYSCHARTER SCHOOL (ELEMENTARY AND MIDDLE SCHOOL) AND THE ACQUISISTION ANDDEVELOPMENT OF PROPERTY TO BE USED BY EXCELLENCE IN THE STUYVESANTNEIGHBORHOOD OF BROOKLYN, NEW YORK IN AUGUST 2004. 1025458 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 2 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NY X JOHN POWELL 6467742150 100 CHURCH STREET 9TH FLOOR NEW YORK NY 10007 BRETT PEISER DIRECTOR/CEO 1.00 47.00 X X 0 664917 47342 JOHN POWELL SENIOR VICE PRESIDENT 1.00 45.00 X X 0 200859 3526 PEGGY LIAO SENIOR VICE PRESIDENT 1.00 44.00 X X 0 75989 2637 NORMAN ATKINS DIRECTOR 1.00 7.00 X 0 0 0 ROBERT MARCUS DIRECTOR 1.00 2.00 X 0 0 0 0 941765 53505 0 0 1 0 0 MANAGEMENT FEES 900099 78109 78109 RENTAL INCOME 531120 12122 12122 90231 137072 137072 227303 90231 0 137072 12111 12111 21852 21852 913045 913045 78020 78020 CONTRACTED SERVICES 430 430 1025458 1025458 0 0 3616964 519946 3043031 14948625 14696304 78140 78109 33524473 15099938 19337580 18424535 37981309 36761925 431 1163637 1151515 15117091 14708415 16281159 15859930 X 21700150 20901995 21700150 20901995 37981309 36761925 -798155 0 X X 0 1 X 1 0 X X 1 UNCOMMON SCHOOLS INC 311488698 7 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 544652 544652 32979821 15099938 17879883 18424535 FINANCING OBLIGATION 14696304 DUE TO RELATED PARTIES 12111 14708415 X PART X, LINE 2: EXCELLENCE ACADEMIES FOUNDATION, INC. 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 CONSOLIDATED FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. EXCELLENCE ACADEMIES FOUNDATION, INC. HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS AT JUNE 30, 2024. 0 0 0 0 0 0 0 0 0 BRETT PEISER DIRECTOR/CEO 0 664917 0 0 0 0 0 25500 0 21842 0 712259 0 0 JOHN POWELL SENIOR VICE PRESIDENT 0 200859 0 0 0 0 0 3500 0 26 0 204385 0 0 PART I, LINE 3 THREE OF EXCELLENCE ACADEMIES FOUNDATION INC.'S DIRECTORS AND/OR OFFICERS ARE EMPLOYEES OF UNCOMMON SCHOOLS, INC. THESE INDIVIDUALS ARE COMPENSATED ONLY FOR THEIR EMPLOYMENT SERVICES TO UNCOMMON SCHOOLS, INC. THE COMPENSATION IS PAID ONLY BY UNCOMMON SCHOOLS, INC. UNCOMMON SCHOOLS INC.'S BOARD OF DIRECTORS HAS A COMPENSATION COMMITTEE. THE COMPENSATION COMMITTEE COMPLETES A COMPARATIVE ANALYSIS OF SIMILAR ORGANIZATIONS WHICH IT USES AS GUIDANCE WHEN IT REVIEWS AND APPROVES THE COMPENSATION AND BENEFITS OF SENIOR MANAGEMENT. THE COMPENSATION COMMITTEE REVIEWS THE "TOTAL COMPENSATION" OF THE INDIVIDUALS WHICH IS INTENDED TO INCLUDE BOTH CURRENT AND DEFFERRED COMPENSATION AND ALL EMPLOYEE BENEFITS, BOTH QUALIFIED AND UNQUALIFIED. THE COMPENSATION COMMITTEE'S REVIEW IS COMPLETED ON A REGULAR BASIS AND ENSURES THAT THE "TOTAL COMPENSATION" OF SENIOR MANAGEMENT IS REASONABLE. THE ACTIONS TAKEN BY THE COMPENSATION COMMITTEE ENABLE UNCOMMON SCHOOLS, INC. TO RECEIVE THE REBUTTABLE PRESUMPTION OF REASONABLENESS FOR PURPOSES OF INTERNAL REVENUE CODE 4958 WITH RESPECT TO THE TOTAL COMPENSATION OF CERTAIN MEMBERS OF THE SENIOR MANAGEMENT TEAM. 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 COMPENSATION COMMITTEE IS COMPRISED OF MEMBERS OF THE BOARD OF TRUSTEES OF UNCOMMON SCHOOLS, INC. EACH OF WHOM ARE INDEPENDENT AND ARE FREE FROM ANY CONFLICTS OF INTEREST. THE COMPENSATION COMMITTEE RELIED UPON APPROPRIATE COMPARABLE DATA; SPECIFICALLY THE COMPENSATION COMMITTEE UTILIZES INDUSTRY COMPARABLES AND PERFORMED IN-HOUSE STUDIES OF EXECUTIVE COMPENSATION. THE COMPENSATION COMMITTEE ADEQUATELY DOCUMENTED ITS BASIS FOR ITS DETERMINATION THROUGH THE TIMELY PREPARATION OF WRITTEN MINUTES OF THE COMPENSATION COMMITTEE'S MEETINGS WHICH THE EXECUTIVES' COMPENSATION AND BENEFITS WERE REVIEWED AND SUBSEQUENTLY APPROVED. THE ACTIONS OUTLINED ABOVE WITH RESPECT TO THE COMPENSATION COMMITTEE AND THE ESTABLISHMENT OF THE REBUTTABLE PRESUMPTION OF REASONABLENESS ONLY APPLIES TO CERTAIN SENIOR MANAGEMENT PERSONNEL OF UNCOMMON SCHOOLS, INC. FORM 990, PART VI, SECTION A, LINE 7A UNCOMMON SCHOOLS, INC. HAS THE RIGHT TO ELECT THE MEMBERS OF EXCELLENCE ACADEMIES FOUNDATION, INC.'S BOARD OF DIRECTORS AS DEFINED IN THIS ORGANIZATION'S BYLAWS. FORM 990, PART VI, SECTION B, LINE 11B THE FEDERAL FORM 990 WAS PROVIDED TO THE BOARD OF DIRECTORS OF EXCELLENCE ACADEMIES FOUNDATION, INC. FOR REVIEW BY ITS MEMBERS PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE (IRS). FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY ALL MEMBERS OF THE BOARD OF DIRECTORS ARE REQUIRED TO REVIEW THE EXISTING CONFLICT OF INTEREST POLICY AND COMPLETE A QUESTIONNAIRE. THE COMPLETED QUESTIONNAIRES ARE RETURNED TO UNCOMMON SCHOOLS, INC.'S CHIEF FINANCIAL OFFICER FOR REVIEW. THEREAFTER, UNCOMMON SCHOOLS, INC.'S CHIEF FINANCIAL OFFICER PREPARES A SUMMARY OF THE COMPLETED QUESTIONNAIRES WHICH CONTAINS INFORMATION DISCLOSED ON AN INDIVIDUAL BASIS. UNCOMMON SCHOOLS, INC.'S CHIEF FINANCIAL OFFICER THEN PRESENTS THE SUMMARY TO THE BOARD OF DIRECTORS FOR ITS REVIEW, DISCUSSION AND ANY MITIGATING BEHAVIOR WHERE NECESSARY. FORM 990, PART VI, SECTION C, LINE 19 EXCELLENCE ACADEMIES FOUNDATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC. FORM 990, PART XII, LINE 2C: THE ORGANIZATION DID NOT CHANGE THE OVERSIGHT PROCESS DURING THE TAX YEAR. UNCOMMON SCHOOLS INC 100 CHURCH STREET 9TH FLOOR NEW YORK NY 10007 311488698 MANAGEMENT SERVICES NJ 501(C)(3) LINE 7 N/A 0 UNCOMMON LENDER INC 100 CHURCH STREET 9TH FLOOR NEW YORK NY 10007 263594129 LENDING SERVICES NJ 501(C)(3) LINE 7 UNCOMMON SCHOOLS INC 0 NORTH STAR ADADEMY FOUNDATION INC 100 CHURCH STREET 9TH FLOOR NEW YORK NY 10007 811625366 REAL ESTATE NJ 501(C)(3) LINE 7 UNCOMMON SCHOOLS INC 0 ROCHESTER PREP FOUNDATION INC 100 CHURCH STREET 9TH FLOOR NEW YORK NY 10007 813293784 REAL ESTATE NJ 501(C)(3) LINE 7 UNCOMMON SCHOOLS INC 0 CAMDEN PREP FOUNDATION INC 100 CHURCH STREET 9TH FLOOR NEW YORK NY 10007 813286453 REAL ESTATE NJ 501(C)(3) LINE 7 UNCOMMON SCHOOLS INC 0 TROY PREP FOUNDATION INC 100 CHURCH STREET 9TH FLOOR NEW YORK NY 10007 813293910 REAL ESTATE NJ 501(C)(3) PF UNCOMMON SCHOOLS INC 0 NJ STUDENTS SUCCEED INC 100 CHURCH STREET 9TH FLOOR NEW YORK NY 10007 872916844 EDUCATION NJ 501(C)(4) UNCOMMON SCHOOLS INC 0 ROXBURY PREP FOUNDATION INC 100 CHURCH STREET 9TH FLOOR NEW YORK NY 10007 883891887 REAL ESTATE NJ 501(C)(3) LINE 12A, I UNCOMMON SCHOOLS INC 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0