2024-05-10T13:38:42-05:00 2023-06-30 161092347 MENGEL METZGER BARR & CO LLP 100 CHESTNUT STREET SUITE 1200 ROCHESTER NY 14604 990 2022-07-01 113602805 OUR WORLD NEIGHBORHOOD CHARTER SCHOOLS OURW 7183923405 36-12 35TH AVE ASTORIA NY 11106 BRIAN FERGUSON CEO 7183923405 2024-05-02 1 BRIAN FERGUSON 999009999 0 JACQUELINE B LEE CPA P00842765 5854231860 2024-05-02 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z BRIAN FERGUSON 36-12 35TH AVE ASTORIA NY 11106 27586471 0 X WWW.OWNCS.ORG X 2001 NY OUR WORLD NEIGHBORHOOD CHARTER SCHOOLS (OWNCS) WAS ORGANIZED TO INCREASE LEARNING OPPORTUNITIES FOR STUDENTS THROUGH INNOVATIVE EDUCATIONAL PROGRAMS AND TO ENABLE PARENTS TO BE MORE INVOLVED IN THEIR CHILDREN'S EDUCATION. IN FISCAL YEAR 2023, OUR WORLD NEIGHBORHOOD CHARTER SCHOOL OPERATED CLASSES FOR APPROXIMATELY 1,260 STUDENTS IN GRADES K-8. 7 7 213 7 0 0 6111888 5900469 18717358 21685913 116 89 0 0 24829362 27586471 0 0 0 0 14340991 18137648 0 0 201758 9521633 11154571 23862624 29292219 966738 -1705748 7702129 52533951 5266185 51803755 2435944 730196 X OUR WORLD NEIGHBORHOOD CHARTER SCHOOLS' MISSION IS TO EDUCATE THE STUDENTS TO BECOME INDEPENDENT THINKERS AND LIFELONG LEARNERS. THE ORGANIZATION IS COMMITTED TO AN EDUCATIONAL PHILOSOPHY BASED ON INQUIRY, ACTIVE AND EXPERIENTIAL LEARNING, AND SOCIAL JUSTICE, THROUGH A LITERACY-BASED, INTEGRATED AND RIGOROUS STANDARDS-DRIVEN CURRICULUM THAT ENCOURAGES COMMUNITY AND HONORS DIVERSITY. 0 0 22584363 20085569 OUR WORLD NEIGHBORHOOD CHARTER SCHOOLS' (OWNCS) SERVES A SUCCESSFUL KINDERGARTEN THROUGH GRADE 8 EDUCATIONAL PROGRAM. THE SCHOOL PROVIDES ACADEMIC EDUCATIONAL SERVICE FOR 190 DAYS DURING THE SCHOOL YEAR. AS SUCH, THEIR STUDENTS ARE TESTED ON A REGULAR BASIS AS REQUIRED BY THE NEW YORK CITY BOARD OF EDUCATION. IN FISCAL YEAR 2023, WE OPERATED CLASSES FOR 1135 STUDENTS. 1905987 1600344 THE SPECIAL EDUCATION PROGRAM OFFERS SPECIAL SERVICES TO QUALIFYING STUDENTS. SERVICES INCLUDE SPEECH, SPECIAL EDUCATION, AND RESOURCE ROOM. IN FISCAL YEAR 2023, WE OPERATED CLASSES FOR 124 STUDENTS. 24490350 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 1 0 0 0 0 0 0 0 0 1 26 0 213 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X KARRINE MONTAQUE CFO 7183923405 36-12 35TH AVE ASTORIA NY 11106 LIZ FERNANDEZ TRUSTEE 2.00 X 0 0 0 JEANETTE BETANCOURT CHAIR 2.00 X X 0 0 0 MAURA FITZGERALD SECRETARY 2.00 X X 0 0 0 RICHARD BOGLE TRUSTEE 2.00 X 0 0 0 MELISSA CHIN TRUSTEE 2.00 X 0 0 0 OLUBUNMI EMIGILI TRUSTEE 2.00 X 0 0 0 KALIMAH AYELE TRUSTEE 2.00 X 0 0 0 BRIAN FERGUSON CHIEF EXECUTIVE OFFICER 40.00 X 220347 0 21123 KARRINE MONTAQUE CHIEF FINANCIAL OFFICER 40.00 X 167267 0 34020 RICHARD LEE CHIEF ACADEMIC OFFICER 40.00 X 190448 0 28133 LISA EDMISTON PRINCIPAL 40.00 X 162322 0 30108 DOUGLAS RICKETTS PRINCIPAL 40.00 X 171140 0 18175 RODNEY WILKINS PRINCIPAL 40.00 X 163437 0 17713 MARIA MIKANDA PRINCIPAL 40.00 X 159331 0 16545 STEPHANIE SHILLING INSTRUCTIONAL TEACHER 40.00 X 151061 0 28510 1385353 0 194327 26 0 1 0 JSB REALTY NO2 LLC 15 OCEAN AVENUE BROOKLYN NY 11225 RENT - OWN 2 1989622 TRINITY LUTHERAN CHURCH 31-18 37TH STREET LONG ISLAND CITY NY 11103 RENT - MS 786009 5530 JUNCTION LLC 1044 NORTHERN BLVD 302 ROSLYN NY 11576 RENT - ES 603527 IMPERIAL CLEANING 151 DIXON AVENUE AMITYVILLE NY 11701 FACILITIES CLEANING & MAINTENANCE 509015 NYC ECONOMIC DEVELOPMENT CORPORATION PO BOX 5264 NEW YORK NY 10008 RENT - ES 497055 7 5438449 462020 68594 5900469 PER PUPIL REVENUES 611110 21658703 21658703 STUDENT ACTIVITY FEES 611110 27210 27210 21685913 89 89 27586471 21685913 0 89 707237 224435 482802 13985924 12333379 1499192 153353 656676 567546 80083 9047 1570800 1351663 208854 10283 1217011 1047012 157742 12257 26734 26734 69671 69671 2055879 1605919 449960 270904 221350 33250 16304 350417 197097 153309 11 368031 250410 117465 156 5093928 4119791 974137 583891 473866 110025 201498 161195 40303 REPAIRS & MAINTENANCE 689382 544665 144717 FOOD SERVICE 481338 481338 SUPPLIES & MATERIALS 433166 432884 282 STAFF DEVELOPMENT 317010 304021 12989 212722 173779 38596 347 29292219 24490350 4600111 201758 443 3177643 2102558 1228467 1735102 477880 189472 10147842 7620924 1697271 2526918 1120425 45979901 7702129 52533951 1938704 3078732 135201 492181 3192280 48232842 5266185 51803755 X 2435944 730196 2435944 730196 7702129 52533951 -1705748 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4887348 3901995 985353 5260494 3718929 1541565 2526918 CASH IN ESCROW 182128 SECURITY DEPOSITS 1031744 OPERATING RIGHT-OF-USE-ASSETS 44766029 45979901 OPERATING LEASE LIABILITY 48232842 48232842 X 27586471 0 27586471 0 27586471 29292219 0 29292219 0 29292219 PART X, LINE 2: THE EDUCATION CORPORATION IS A TAX-EXEMPT ENTITY UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND APPLICABLE STATE REGULATIONS AND, ACCORDINGLY, IS EXEMPT FROM FEDERAL AND STATE TAXES ON INCOME. THE EDUCATION CORPORATION FILES FORM 990 TAX RETURNS IN THE U.S. FEDERAL JURISDICTION. THE TAX RETURNS FOR THE YEARS ENDED JUNE 30, 2020 THROUGH JUNE 30, 2023 ARE STILL SUBJECT TO POTENTIAL AUDIT BY THE IRS. MANAGEMENT OF THE EDUCATION CORPORATION BELIEVES IT HAS NO MATERIAL UNCERTAIN TAX POSITIONS AND, ACCORDINGLY, IT HAS NOT RECOGNIZED ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS. 1 1 1 1 0 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE ORGANIZATION PUBLICIZED ITS RACIALLY NONDISCRIMINATORY POLICY IN THE QUEENS GAZETTE. SCHEDULE E, PART I, LINE 4 THE SCHOOL DOES NOT CHARGE TUITION, THEREFORE IT DOES NOT AWARD SCHOLARSHIPS AND OTHER FINANCIAL ASSISTANCE TO ITS STUDENTS. SCHEDULE E, PART I, LINE 6 FEDERAL AID AND FOOD SUBSIDIES FROM GOVERNMENT AGENCIES ARE PROVIDED TO THE ORGANIZATION. X X X X 0 0 0 0 0 0 0 1 0 BRIAN FERGUSON CHIEF EXECUTIVE OFFICER 220347 0 0 0 0 0 13218 0 7905 0 241470 0 0 0 RICHARD LEE CHIEF ACADEMIC OFFICER 190448 0 0 0 0 0 11533 0 16600 0 218581 0 0 0 KARRINE MONTAQUE CHIEF FINANCIAL OFFICER 158267 0 9000 0 0 0 9911 0 24109 0 201287 0 0 0 LISA EDMISTON PRINCIPAL 162322 0 0 0 0 0 10571 0 19537 0 192430 0 0 0 DOUGLAS RICKETTS PRINCIPAL 171140 0 0 0 0 0 10270 0 7905 0 189315 0 0 0 RODNEY WILKINS PRINCIPAL 163437 0 0 0 0 0 9808 0 7905 0 181150 0 0 0 STEPHANIE SHILLING INSTRUCTIONAL TEACHER 151061 0 0 0 0 0 16942 0 11568 0 179571 0 0 0 MARIA MIKANDA PRINCIPAL 159331 0 0 0 0 0 8640 0 7905 0 175876 0 0 0 PART I, LINE 7 ANY BONUS FOR BRIAN FERGUSON WOULD BE DETERMINED BY THE BOARD AND ANY BONUS FOR THE PRINCIPALS WOULD BE DETERMINED BY BRIAN FERGUSON. THEY ARE BASED ON PERFORMANCE. X 68595 FMV 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B THE CHIEF FINANCIAL OFFICER REVIEWS THE 990. THE 990 IS SUBSEQUENTLY SENT TO THE FINANCE COMMITTEE FOR THEIR REVIEW, COMMENTS, QUESTIONS OR CORRECTIONS. A COPY OF THE FINAL 990 IS THEN DISTRIBUTED TO THE FULL BOARD PRIOR TO BEING FILED WITH PROPER AGENCIES. FORM 990, PART VI, SECTION B, LINE 12C IT IS THE POLICY OF THE SCHOOL THAT ALL DIRECTORS, OFFICERS, EMPLOYEES, AGENTS AND CONTRACTORS AVOID ALL ACTIVITIES THAT CONFLICT WITH OR APPEAR TO CONFLICT WITH THEIR RESPONSIBILITIES AND OBLIGATIONS TO THE SCHOOL. CONFLICT OF INTEREST DISCLOSURE STATEMENTS ARE REQUIRED TO BE SIGNED BY OFFICERS AND EMPLOYEES ANNUALLY. WHEN A CONFLICT ARISES, IT IS BROUGHT TO THE BOARD'S ATTENTION TO BE DISCUSSED. THE MEMBER WHO HAS THIS CONFLICT MUST RECUSE THEMSELVES FROM PARTICIPATING IN ANY DISCUSSION RELATED TO THE MATTER. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE UTILIZES EXTERNAL RESOURCES, INCLUDING BENCH MARKING WITH OTHER SIMILAR ORGANIZATIONS TO ASCERTAIN THE COMPENSATION OF THE CEO. THE DETERMINATION OF THE EXECUTIVE COMMITTEE IS THEN SHARED WITH THE BOARD OF DIRECTORS. FOR ALL OTHER OFFICERS, AN EVALUATION IS DONE BY THE CEO. AN EVALUATION OF EACH OFFICER'S WORK PERFORMANCE IS ASSESSED ON AN ANNUAL BASIS. SALARY LEVELS FOR ALL OFFICERS ARE DETERMINED BY REVIEW OF EXTERNAL SALARY GUIDES OF SIMILAR ORGANIZATIONS COUPLED WITH THE OFFICER'S CERTIFICATION, EXPERIENCE AND PERFORMANCE LEVELS. THIS PROCESS WAS LAST PERFORMED TOWARDS THE END OF THE CURRENT FISCAL YEAR. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE PROVIDED TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C - THE BOARD HAS NOT CHANGED ITS PROCESS FOR SELECTING THE INDEPENDENT AUDITOR NOR HAVE THEY CHANGED THE OVERSIGHT OF THE AUDIT FROM PRIOR YEARS.