2024-05-15T21:03:04-05:00 2023-06-30 873231666 PKF O'CONNOR DAVIES ADVISORY LLC 245 PARK AVENUE 12TH FLOOR NEW YORK NY 10167 990 2022-07-01 383986455 NEW YORK CITY CHARTER SCHOOL OF THE ARTS NEWY 6467936320 26 BROADWAY 12TH FLOOR NEW YORK NY 10004 RANDALL ISERMAN DIR., SCHOOL SUPPORT & DEV 6467936320 2024-05-15 1 RANDALL ISERMAN 999009999 1 GARRETT M HIGGINS P00543209 2122862600 2024-05-15 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z ELISA MURPHY 26 BROADWAY 12TH FLOOR NEW YORK NY 10004 6044115 0 X WWW.CITYSCHOOLOFTHEARTS.ORG X 2016 NY OPERATE AN ARTS-BASED CHARTER SCHOOL IN THE LOWER MANHATTAN NEIGHBORHOOD OF NEW YORK CITY. 8 8 56 8 0 0 1534446 649744 6099308 5393879 38 492 6772 0 7640564 6044115 0 0 0 0 3858752 3984369 0 0 36967 2856570 2576727 6715322 6561096 925242 -516981 3095580 8995930 732695 7150026 2362885 1845904 NEW YORK CITY CHARTER SCHOOL OF THE ARTS (THE "SCHOOL") INSPIRES A DIVERSE COMMUNITY OF YOUNG PEOPLE TO ENGAGE WITH THE ARTS AS A PATHWAY TO RICH AND RIGOROUS ACADEMIC SCHOLARSHIP AND A CREATIVE, PURPOSEFUL LIFE. 0 0 5897040 0 5393879 NEW YORK CITY CHARTER SCHOOL OF THE ARTS MISSION IS TO INSPIRE A DIVERSE COMMUNITY OF YOUNG PEOPLE TO ENGAGE WITH THE ARTS AS A PATHWAY TO RICH AND RIGOROUS ACADEMIC SCHOLARSHIP AND A CREATIVE PURPOSEFUL LIFE. THE SCHOOL PROVIDED EDUCATION TO APPROXIMATELY 232 STUDENTS IN SIXTH THROUGH EIGHTH GRADES DURING THE 2022-2023 ACADEMIC YEAR. 5897040 1 1 0 0 0 0 0 0 1 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 X 17 0 56 1 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X ELISA MURPHY 6467936320 26 BROADWAY 12TH FLOOR NEW YORK NY 10004 X LAURA BLANFEIN BOARD CHAIR 3.00 X X 0 0 0 MAX OSSE SECRETARY 2.00 X X 0 0 0 PETER SACK TREASURER 3.00 X X 0 0 0 MATTHIAS EDERER TRUSTEE 1.00 X X 0 0 0 ADAM FALKNER TRUSTEE 1.00 X 0 0 0 MARK HALL TRUSTEE 1.00 X 0 0 0 LAURENCE HEILBRONN TRUSTEE 1.00 X 0 0 0 MICHELE MURPHY GASTELL TRUSTEE 1.00 X 0 0 0 ELISA MESA MURPHY ADVISOR CURRICULUM & INSTRUCTION 40.00 X 154337 0 3858 RANDALL WILLIAM ISERMAN HEAD OF SCHOOL 40.00 X 172853 0 15356 GEOFFREY KIORPES ARTISTIC DIRECTOR 40.00 X 131341 0 14799 REBECCA LEVIAH FRANK DIRECTOR OF ARTS INTEGRATION 40.00 X 129336 0 11362 587867 0 45375 4 0 1 0 REGINA CATERERS 86 BEADEL STREET BROOKLYN NY 11222 FOOD SERVICE AND EQUIPMENT RENTAL 101887 1 585509 64235 649744 PER PUPIL GENERAL EDUC 611110 3423363 3423363 PER PUPIL FACILITIES 611110 1025130 1025130 PER PUPIL SPECIAL EDUC 611110 945386 945386 5393879 492 492 6044115 5393879 0 492 308045 256504 33472 18069 3066517 2862807 200210 3500 69365 64150 4789 426 247555 230497 16374 684 292887 270869 20219 1799 5828 5390 402 36 30000 30000 291646 149580 141888 178 38390 38374 16 77982 72852 4705 425 134192 124104 9263 825 1525812 1410996 105435 9381 8268 8196 72 159300 147324 10997 979 58706 54293 4052 361 CLASSROOM SUPPLIES 55074 55074 INSTRUCTIONAL MATERIALS 51295 51295 REPAIR & MAINTENANCE 42775 39559 2953 263 BAD DEBTS 41774 41774 55685 55176 468 41 6561096 5897040 627089 36967 1311876 1032779 475495 507354 116371 67726 1369155 984219 527025 384936 664813 7003135 3095580 8995930 337932 350765 16545 42073 3165 3165 375053 6754023 732695 7150026 X 2362885 1845904 2362885 1845904 3095580 8995930 -516981 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 464522 216497 248025 888745 751834 136911 15888 15888 0 384936 SECURITY DEPOSIT 589560 RESTRICTED CASH 75722 RIGHT OF USE ASSET 6337853 7003135 LEASE LIABILITIES 6754023 6754023 X 6044115 0 6044115 0 6044115 6561096 0 6561096 0 6561096 PART IV, LINE 2B: THIS ACCOUNT IS MADE UP OF FUNDS HELD BY NYCCSA ON BEHALF OF ITS PTA, THE FAMILY ASSOCIATION. THE PTA DOES NOT HAVE ITS OWN EIN, SO NYCCSA ACTS AS A SPONSOR ON THE PTA'S BEHALF. 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 0 0 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. PROC. 75-50 AND AS MODIFIED BY REV. PROC. 2019-22. SCHEDULE E, PART I, LINE 4 4A) THE SCHOOL MAINTAINS RACIAL COMPOSITION OF STUDENT BODY NOT OF FACULTY AND ADMINISTRATIVE STAFF. 4B) THE SCHOOL IS A FREE PUBLIC SCHOOL AND DOES NOT AWARD SCHOLARSHIPS OR FINANCIAL ASSISTANCE. 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. THE SCHOOL ALSO RECEIVED PAYCHECK PROTECTION PROGRAM LOAN FORGIVENESS. X X X 0 0 0 0 0 0 0 0 0 RANDALL WILLIAM ISERMAN HEAD OF SCHOOL 171916 0 0 0 937 0 3033 0 12323 0 188209 0 0 0 ELISA MESA MURPHY ADVISOR CURRICULUM & INSTRUCTION 154130 0 0 0 207 0 3083 0 775 0 158195 0 0 0 FORM 990, PART I, QUESTION 5, AND PART V, QUESTION 2A: THE ORGANIZATION CONTRACTED WITH A PROFESSIONAL EMPLOYER ORGANIZATION (PEO) FOR SERVICES, INCLUDING BUT NOT LIMITED TO, PAYROLL, TIMEKEEPING, EMPLOYEE BENEFITS, HR ADMINISTRATION AND WORKFORCE REGULATORY COMPLIANCE NEEDS. AS THE EMPLOYER OF RECORD FOR TAX PURPOSES, FORMS W-2 AND W-3 ARE ISSUED BY THE PEO AND FILED UNDER THE PEO'S FEDERAL EIN. IN THIS CO-EMPLOYMENT ARRANGEMENT, THE ORGANIZATION IS THE COMMON LAW EMPLOYER AND, ACCORDINGLY, COMPENSATION IS REPORTED ON FORM 990, PART VII, SECTION A AND PART IX, LINES 5-10. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY MANAGEMENT AND THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES FOR APPROVAL. IF CHANGES ARE REQUIRED, THE SCHOOL WILL THEN FORWARD THESE CHANGES TO THE PROFESSIONAL ACCOUNTING FIRM AND A FINAL VERSION WILL BE DISTRIBUTED TO ALL BOARD MEMBERS PRIOR TO SUBMISSION TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C EACH TRUSTEE, OFFICER, AND EMPLOYEE MUST SIGN A CONFLICT OF INTEREST POLICY STATEMENT ANNUALLY. NO SCHOOL OFFICER OR EMPLOYEE MAY HAVE AN INTEREST, DIRECT OR INDIRECT, IN ANY CONTRACT WITH THE SCHOOL. ANY TRUSTEE, OFFICER OR EMPLOYEE WHO HAS, WILL HAVE, OR LATER ACQUIRES AN INTEREST IN ANY ACTUAL OR PROPOSED CONTRACT WITH THE BOARD MUST PUBLICLY DISCLOSE THE NATURE AND EXTENT OF SUCH INTEREST IN WRITING TO THE DIRECTORS WITH GOVERNING BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE GOVERNING BOARD MEETING, BUT AFTER THE PRESENTATION, HE/SHE SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST. THE CHAIRPERSON OF THE GOVERNING BOARD SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER EXERCISING DUE DILIGENCE, THE REMAINING TRUSTEES DISCUSS THE POTENTIAL CONFLICT AND DETERMINE WHETHER A CONFLICT OF INTEREST EXISTS BY A MAJORITY VOTE OF THE DISINTERESTED TRUSTEES. AN INTERESTED PERSON SHALL RECUSE FROM PARTICIPATING IN DECISION MAKING ON MATTERS INVOLVING THE CONFLICT. THE MINUTES OF THE MEETING OF THE BOARD SHALL REFLECT THAT THE CONFLICT OF INTEREST WAS DISCLOSED AND THE NAMES OF THE PERSONS WHO WERE PRESENT FOR DISCUSSIONS AND VOTES RELATING TO THE TRANSACTION OR ARRANGEMENT. FORM 990, PART VI, SECTION B, LINE 15A THE PROCESS FOR DETERMINING COMPENSATION FOR THE ORGANIZATION'S HEAD OF SCHOOL INCLUDES THE USE OF COMPARABLE DATA SUCH AS THE FORM 990 OF OTHER ORGANIZATIONS. THE BOARD OF DIRECTORS REVIEWS THE COLLECTED DATA AND VOTES ON THE COMPENSATION. THE PROCESS LAST OCCURRED IN FISCAL YEAR 2023, AND IS DOCUMENTED IN THE MINUTES OF THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. THE RETURN IS POSTED ON GUIDESTAR.ORG; IN ADDITION, THE FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, ARTICLES OF INCORPORATION AND BY-LAWS ARE ALSO AVAILABLE UPON WRITTEN REQUEST. FORM 990, PART XII, LINE 2C: THE SCHOOL HAS A FINANCE COMMITTEE THAT IS RESPONSIBLE FOR OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT AUDITOR. THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR.