2024-02-10T10:47:06-05:00 2023-06-30 A GARY AARONSON CPA PLLC 42 WEST 38TH STREET SUITE 1003 NEW YORK NY 100180060 990 2022-07-01 743161540 INTERNATIONAL LEADERSHIP CHARTER HIGH SCHOOL INTE 7185622300 3030 RIVERDALE AVENUE BRONX NY 10463 DR ELAINE RUIZ LOPEZ CEO 7185622300 2024-01-31 true ELAINE RUIZ LOPEZ 999009999 false A GARY AARONSON P01327657 2126845770 2024-02-10 X 2022 2023-04-26 12:10:37Z DR ELAINE RUIZ LOPEZ 8388531 false X WWW.ILCHS.ORG X 2006 NY THE INTERNATIONAL LEADERSHIP CHARTER HIGH SCHOOL ("THE SCHOOL"), A 501(C) (3)TAX-EXEMPT ORGANIZATION, IS A PUBLIC CHARTER HIGH SCHOOL LOCATED IN BRONX, NEW YORK. THE SCHOOL OPENED IN JANUARY 2006 AND CURRENTLY OPERATES CLASSES FOR NINTH TO TWELFTH GRADE. THE SCHOOL HAS AN EXTENDED SCHOOL DAY THAT FEATURES 60 AND 90 MINUTES CLASS PERIODS STUDENTS RECEIVE 180 MINUTES PER WEEK IN EACH CORE SUBJECT, WHICH, ACCORDING TO MANAGEMENT, IS VIEWED FAVORABLY BY BOTH PARENTS AND TEACHERS. FURTHER SUPPORTING STUDENTS,THE SCHOOL OFFERS AFTER-SCHOOL TUTORING, AND DURING JANUARY STUDENTS ARE REQUIRED TO ATTEND "SATURDAY ACADEMY" FOR THREE HOURS. THE PURPOSE OF SATURDAY ACADEMY IS TO PROVIDE STUDENTS WITH SUBJECT INTENSIVE STUDY FOR REGENTS EXAM. 7 7 52 7 0 949308 2971109 6078647 5335019 2141 82403 0 7030096 8388531 0 0 2870892 3181006 0 0 4071532 4135346 6942424 7316352 87672 1072179 23063996 25815081 19808457 21487363 3255539 4327718 X THE INTERNATIONAL LEADERSHIP CHARTER HIGH SCHOOL WILL IMPLEMENT AN ACADEMICALLY RIGOROUS COLLEGE PREPARATORY CURRICULUM THAT WILL ELEVATE STUDENTS' INTELLECTUAL CAPACITY, PROVIDE A SUPERIOR HIGH SCHOOL EDUCATION TO PREPARE OUR SCHOLARS FOR A HIGH EDUCATION.OUR STUDENTS WILL MEET AND EXCEED CITY AND STATEWIDE ASSESSMENT AVERAGES ON THE NEW YORK STATE REGENTS EXAMINATIONS IN ENGLISH, HISTORY, MATHEMATICS AND SCIENCE. OUR GOAL IS TO CHANGE LIVES AND TRANSFORM COMMUNITIES, ONE SCHOLAR AT A TIME. false false 6442713 THE INTERNATIONAL LEADERSHIP CHATER HIGH SCHOOL ("THE SCHOOL") IMPLEMENTS AN ACADEMICALLY RIGOROUS REGENTS AND COLLEGE-PREPARATORY CURRICULUM THAT ELEVATES STUDENTS' INTELLECTUAL CAPACITY AND PROVIDES A SUPERIOR HIGH SCHOOL EDUCATION. THE SCHOOL HAS GAINED NATIONAL AND LOCAL RECOGNITION FOR ITS ACADEMIC ACHIEVEMENT. IN 2016, THE SCHOOL BECAME THE FIRST CHARTER SCHOOL IN THE BRONX TO SUCCESSFULLY OPEN A NEW FACILITY WITH A 17,750,000 MUNICIPAL BOND FINANCING ISSUED BY BUILD NYC. THE SCHOOL IS OPERATING IN A 28.500 SQUARE FOOT, THREE-STORY, STATE OF THE ART FACILITY THAT CONTAINS 17 CLASSROOMS AND NINE FLEX ROOMS TO SUPPORT STUDENT AND FACULTY ACTIVITIES AND WITH THE CAPACITY TO ACCOMMODATE APPROXIMATELY 400 STUDENTS.FROM 2014 THROUGH 2017, THE SCHOOL PLACED IN THE TOP 1% OF HIGH SCHOOLS AND WAS THE RECIPIENT OF A BRONZE AWARD FROM THE US NEWS & WORLD REPORT. DURING THE HEIGHT OF THE PANDEMIC, THE SCHOOL RECEIVED RECOGNITION FOR BEST HIGH SCHOOLS NATIONALLY AND BEST CHARTER SCHOOL IN 2020 AND 2021. THE SCHOOL HAS ACHIEVED AN AVERAGE GRADUATION RATE OF 95% OVER THE PAST 5 YEARS. THE MAJORITY OF GRADUATES MATRICULATED INTO A 4-YEAR COLLEGE OR UNIVERSITY. THE RESULTS ON THE NEW YORK STATE REGENT EXAM SCORES FAR EXCEEDED THOSE IN THE NEIGHBORING COMMUNITY SCHOOL DISTRICTS, THE CITY AND THE STATE. IN 2021 WHEN MOST NYC PUBLIC SCHOOLS WERE CLOSED DUE TO THE PANDEMIC THE SCHOOL REMAINED OPEN IN A HYBRID MODEL AND PREPARED STUDENTS FOR THE REGENTS EXAM AND KEPT SENIORS ON TRACK TO GRADUATE. THE RECENT RELEASE OF THE NYS REPORT CARD ON MARCH 10,2022 DEMONSTRATES THAT THE SCHOOL ACHIEVED A 91% GRADUATION RATE FAR EXCEEDING THE RATE OF OTHER SCHOOL THAT RANGED FROM 0%-52%. IN 2020 THE SCHOOL RECEIVED AN AECN PLANNING GRANT FROM 975,000.00 FROM THE WALTON FAMILY FOUNDATION IN ORDER TO SUPPORT THE SCHOOL'S PLANS TO EXPAND DOWN TO A MIDDLE SCHOOL. SUNY CSI APPROVED THE EXPANSION ON JUNE 16, 2021. MIDDLE SCHOOL WILL BE LAUNCHED WHEN THE PERMANENT BUILDING IS COMPLETED IN 2025. 6442713 true true false false false false false false false false true false false true true true true false true false false false false false false false false false false true true false false false false false false false false false false false false false false false false false false false true 17 0 true 52 true false false false false false false false false false false false false false false X 7 7 false false false false false false false true true false false true true true true true true true false false X DR ELAINE RUIZ LOPEZ 7185622300 3030 RIVERDALE AVENUE BRONX NY 10463 DR ELAINE RUIZ LOPEZ CEO 60.00 X 254529 0 74035 NATALIE LOZADA BOARD CHAIR 2.50 X X 0 0 0 EDMUND TURKSON BOARD SECRET 2.50 X X 0 0 0 MARIA GARCIA BELTRE MEMBER 2.50 X 0 0 0 YAHAIRA RICARDO MEMBER 2.50 X 0 0 0 DENISE MARTINEZ VASQUEZ MEMBER 2.50 X 0 0 0 YANELIS MUNOZ MEMBER 2.50 X 0 0 0 CARMEN MENDEZ MEMBER 2.50 X 0 0 0 DESIREE GRAND DIR OF OPERA 35.00 X 102440 0 0 ANTHONY LOPEZ CO STRATEGIC 35.00 X 103533 0 0 460502 74035 3 false true false WINFIELD SECURITY 57 W 38TH STREET 5TH FL NEW YORK NY 10018 SECURITY SERVIC 180356 ACCOUNTING SOLUTIONS OF NEW YORK IN 241 WEST 37TH STREET SUITE 1207 NEW YORK NY 10018 ACCOUNTING FEES 130104 2 1407257 1563852 2971109 PER PUPIL FUNDING 611110 5335019 5335019 5335019 82403 82403 8388531 5335019 82403 254529 190897 63632 2430117 2183219 246898 66982 59209 7773 231520 204652 26868 197858 174896 22962 59029 59029 150104 150104 355676 334405 21271 141121 141121 69525 62573 6952 77342 69607 7735 1232064 1108856 123208 573759 516383 57376 171503 154353 17150 STUDENT SERVICE 353214 353214 STAFF DEVELOPMENT 291426 275049 16377 LEASE 220775 198698 22077 REPAIRS AND MAINTANCE 156160 140544 15616 283648 275037 8611 7316352 6442713 873639 0 282421 496944 797734 24495 487670 1414161 61420 48083 21778341 4071553 17919590 17706788 3515161 6124610 23063996 25815081 1080940 2016777 411515 17714372 17323139 595683 601630 1551764 19808457 21487363 X 3255539 4327718 3255539 4327718 23063996 25815081 1072179 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2530000 2530000 18052256 3412344 14639912 1196085 659209 536876 17706788 RESTRICTED CASH 2862487 PREDEVELOPMENT 1778305 RIGHT OF USE ASSETS 1299798 INVESTMENT - RETIREMENT PLAN 83524 CASH IN ESCROW 75171 SECURITY DEPOSITS 25325 6124610 LEASE OBLIGATION 1468240 DEFERRED COMPENSATION 83524 1551764 X 8388531 8388531 8388531 7316352 7316352 7316352 SCHEDULE D, PAGE 3, PART X THE CHARTER SCHOOL IS A TAX-EXEMPT ORGANIZATION 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 CHARTER SCHOOL 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 CHARTER SCHOOL BELIEVES IT HAS NO MATERIAL UNCERTAIN TAX POSITIONS AND, ACCORDINGLY, IT HAS NOT RECOGNIZED ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS. true true true true true true true false false false false false false false false true false true SCHEDULE E, LINE 3 THE SCHOOL IS REQUIRED TO ADHERE TO THE PROVISIONS OF SECTION 2854 (2) OF THE EDUCATION LAW TO GUIDE THE ADMISSION POLICIES AND PROCEDURES. THE SCHOOL IS OPEN TO ANY STUDENT WHO IS QUALIFIED UNDER THE LAWS OF NEW YORK FOR ADMISSION TO A PUBLIC SCHOOL. ADMISSION OF STUDENTS WILL BE NOT BE LIMITED ON THE BASIS OF INTELLECTUAL ABILITY, MEASURES OF ACHIEVEMENT OR APTITUDE, ATHLETIC ABILITY, DISABILITY, RACE, CREED, NATIONAL ORIGIN, RELIGION, ANCESTRY, PROFICIENCY IN ENGLISH OR ANY OTHER GROUND THAT WOULD BE UNLAWFUL. ADMISSION TO ILCHS IS FREE & OPEN TO ALL STUDENTS ELIGIBLE TO ATTEND PUBLIC SCHOOL IN NYC. SCHEDULE E, LINE 6 THE SCHOOL RECEIVES GOVERNMENT FUNDING IN THE FORM OF GOVERNMENT GRANTS. X X false false false false false false false false false DR ELAINE RUIZ LOPEZ CEO 254529 74035 328564 A BUILD NYC RESOURCE CORP 454040561 12008EBC9 2013-03-01 2920000 SPECIAL LIMITED REVENUE OBLIGATIONS false false false B BUILD NYC RESOURCE CORP 454040561 12008EBD7 2013-03-01 5360000 SPECIAL LIMITED REVENUE OBLIGATIONS false false false C BUILD NYC RESOURCE CORP 454040561 12008EBB1 2013-03-01 9470000 SPECIAL LIMITED REVENUE OBLIGATIONS false false false D BUILD NYC RESOURCE CORP 454040561 12008ELU8 2016-07-15 2905000 SPECIAL LIMITED REVENUE OBLIGATIONS false false false A 2530000 17750000 1353062 1306400 624890 14529060 true false false false B true false false false C true false false false D 50000 2905000 250888 58100 2792752 54148 true false false false A false false false false false false true B false false false false false false true C false false false false false false true D false false false false false false true A false false false false false false false false true B false false false false false false false false true C false false false false false false false false true D false false false false false false false false true A false B false C false D false PURPOSE OF ISSUE DESCRIPTION BUILD NYC RESOURCE CORP SPECIAL LIMITED REVENUE OBLIGATIONS PURPOSE OF ISSUE DESCRIPTION BUILD NYC RESOURCE CORP SPECIAL LIMITED REVENUE OBLIGATIONS PURPOSE OF ISSUE DESCRIPTION BUILD NYC RESOURCE CORP SPECIAL LIMITED REVENUE OBLIGATIONS PURPOSE OF ISSUE DESCRIPTION BUILD NYC RESOURCE CORP SPECIAL LIMITED REVENUE OBLIGATIONS ADDITIONAL INFORMATION BUILD NYC RESOURCE CORP ON MARCH 21, 2013, BUILD NYC RESOURCE CORPORATION PROVIDED CONSTRUCTION AND PERMANENT FINANCING THROUGH THE ISSUANCE OF 17,750,000 IN TAX-EXEMPT REVENUE BONDS (THE SERIES 2013 BONDS), WITH PRINCIPAL AMOUNTS, INTEREST RATES AND MATURITY DATES AS FOLLOWS PRINCIPAL, AMOUNTS, INTEREST RATES, DUE DATES - 2,920,000 5.00% JULY 1, 2023 5,360,000 5.75% JULY 1, 2033 9,470,000 6.00% JULY 1, 2043. THE PROCEEDS FROM THE SALE OF THE BONDS, TOGETHER WITH OTHER AVAILABLE FUNDS, WERE USED TO (1) REFINANCE OR REIMBURSE THE SCHOOL FOR CERTAIN COSTS OF ACQUIRING, CONSTRUCTING, RENOVATING, EQUIPPING AND FURNISHING ITS FUTURE EDUCATIONAL FACILITY, (2) FUND THE SERVICE RESERVE FUND ESTABLISHED UNDER THE INDENTURE IN AN AMOUNT EQUAL TO THE DEBT SERVICE RESERVE FUND REQUIREMENT OF THE BONDS, (3) COVER INTEREST ON THE BONDS DURING CONSTRUCTION FOR A PERIOD OF SIXTEEN MONTHS, AND (4) PAY CERTAIN COSTS OF ISSUING THE SERIES 2013 BONDS. THE BONDS ARE SECURED BY THE PLEDGE AND ASSIGNMENT TO THE TRUSTEE OF THE TRUST ESTATE FOR THE BENEFIT OF THE HOLDERS OF THE BONDS. THE OBLIGATIONS OF THE SCHOOL UNDER THE LOAN AGREEMENT ARE SECURED BY THE MORTGAGES ASSIGNED TO THE TRUSTEE FOR THE BENEFIT OF THE HOLDERS OF THE BONDS. INTEREST ON THE BONDS IS PAYABLE INITIALLY ON JULY 1, 2013 AND SEMIANNUALLY THEREAFTER ON EACH JANUARY 1ST AND JULY 1ST COMPUTED ON THE BASIS OF A 360-DAY YEAR OF TWELVE 30-DAY MONTHS. ADDITIONAL BOND FINANCING OF 3,300,000 WAS OBTAINED ON JULY 15, 2016 TO PAY DOWN ADDITIONAL CONSTRUCTION COSTS. THE AMOUNT OF THE INTEREST THAT WAS CAPITALIZED AS IT RELATED TO THE FINANCING OF THE SCHOOLS FACILITY WAS 1,306,400 AS OF JUNE 30, 2021. PRINCIPAL PAYMENTS DUE ON THE BONDS BY FISCAL YEAR ARE AS FOLLOWS: 2024 445,000 2025 465,000 2026 495,000 2027 525,000 2028 555,000 AND THEREAFTER 15,590,000 FORM 990 - ORGANIZATION'S MISSION THE INTERNATIONAL LEADERSHIP CHARTER HIGH SCHOOL WILL IMPLEMENT AN ACADEMICALLY RIGOROUS COLLEGE PREPARATORY CURRICULUM THAT WILL ELEVATE STUDENTS' INTELLECTUAL CAPACITY, PROVIDE A SUPERIOR HIGH SCHOOL EDUCATION TO PREPARE OUR SCHOLARS FOR A HIGH EDUCATION.OUR STUDENTS WILL MEET AND EXCEED CITY AND STATEWIDE ASSESSMENT AVERAGES ON THE NEW YORK STATE REGENTS EXAMINATIONS IN ENGLISH, HISTORY, MATHEMATICS AND SCIENCE. OUR GOAL IS TO CHANGE LIVES AND TRANSFORM COMMUNITIES, ONE SCHOLAR AT A TIME. FORM 990, PAGE 2, PART III, LINE 4A THE INTERNATIONAL LEADERSHIP CHATER HIGH SCHOOL ("THE SCHOOL") IMPLEMENTS AN ACADEMICALLY RIGOROUS REGENTS AND COLLEGE-PREPARATORY CURRICULUM THAT ELEVATES STUDENTS' INTELLECTUAL CAPACITY AND PROVIDES A SUPERIOR HIGH SCHOOL EDUCATION. THE SCHOOL HAS GAINED NATIONAL AND LOCAL RECOGNITION FOR ITS ACADEMIC ACHIEVEMENT. IN 2016, THE SCHOOL BECAME THE FIRST CHARTER SCHOOL IN THE BRONX TO SUCCESSFULLY OPEN A NEW FACILITY WITH A 17,750,000 MUNICIPAL BOND FINANCING ISSUED BY BUILD NYC. THE SCHOOL IS OPERATING IN A 28.500 SQUARE FOOT, THREE-STORY, STATE OF THE ART FACILITY THAT CONTAINS 17 CLASSROOMS AND NINE FLEX ROOMS TO SUPPORT STUDENT AND FACULTY ACTIVITIES AND WITH THE CAPACITY TO ACCOMMODATE APPROXIMATELY 400 STUDENTS.FROM 2014 THROUGH 2017, THE SCHOOL PLACED IN THE TOP 1% OF HIGH SCHOOLS AND WAS THE RECIPIENT OF A BRONZE AWARD FROM THE US NEWS & WORLD REPORT. DURING THE HEIGHT OF THE PANDEMIC, THE SCHOOL RECEIVED RECOGNITION FOR BEST HIGH SCHOOLS NATIONALLY AND BEST CHARTER SCHOOL IN 2020 AND 2021. THE SCHOOL HAS ACHIEVED AN AVERAGE GRADUATION RATE OF 95% OVER THE PAST 5 YEARS. THE MAJORITY OF GRADUATES MATRICULATED INTO A 4-YEAR COLLEGE OR UNIVERSITY. THE RESULTS ON THE NEW YORK STATE REGENT EXAM SCORES FAR EXCEEDED THOSE IN THE NEIGHBORING COMMUNITY SCHOOL DISTRICTS, THE CITY AND THE STATE. IN 2021 WHEN MOST NYC PUBLIC SCHOOLS WERE CLOSED DUE TO THE PANDEMIC THE SCHOOL REMAINED OPEN IN A HYBRID MODEL AND PREPARED STUDENTS FOR THE REGENTS EXAM AND KEPT SENIORS ON TRACK TO GRADUATE. THE RECENT RELEASE OF THE NYS REPORT CARD ON MARCH 10,2022 DEMONSTRATES THAT THE SCHOOL ACHIEVED A 91% GRADUATION RATE FAR EXCEEDING THE RATE OF OTHER SCHOOL THAT RANGED FROM 0%-52%. IN 2020 THE SCHOOL RECEIVED AN AECN PLANNING GRANT FROM 975,000.00 FROM THE WALTON FAMILY FOUNDATION IN ORDER TO SUPPORT THE SCHOOL'S PLANS TO EXPAND DOWN TO A MIDDLE SCHOOL. SUNY CSI APPROVED THE EXPANSION ON JUNE 16, 2021. MIDDLE SCHOOL WILL BE LAUNCHED WHEN THE PERMANENT BUILDING IS COMPLETED IN 2025. FORM 990, PAGE 6, PART VI, LINE 11B A DRAFT OF THE FEDERAL FORM 990 IS FIRST REVIEWED BY THE FINANCE TEAM, ACCOUNTING SOLUTIONS OF NEW YORK, INC (AS PART OF OUR AGREEMENT WITH THEM). THE FINAL DRAFT OF THE FEDERAL FORM 990 IS THEN CIRCULATED TO BOARD MEMBERS FOR THEIR REVIEW AND COMMENTS PRIOR TO THE SIGNING AND FILING OF THE FEDERAL FORM 990 WITH THE IRS. FORM 990, PAGE 6, PART VI, LINE 12C CONFLICT OF INTEREST POLICY AND DISCLOSURE QUESTIONNAIRE ARE DISTRIBUTED TO ALL BOARD MEMBERS ON AN ANNUAL BASIS. ALL BOARD MEMBERS ARE REQUIRED TO COMPLETE AND SIGN THE QUESTIONNAIRE ON AN ANNUAL BASIS. WHEN A POTENTIAL CONFLICT IS IDENTIFIED, THE MATTER IS BROUGHT TO THE BOARD CHAIR FOR REVIEW. FORM 990, PAGE 6, PART VI, LINE 15A THE CEO SALARY IS DETERMINED BY A COMMITTEE OF THE BOARD WHICH BASES THE COMPENSATION ON THE SUCCESSFUL RENEWAL OF THE CHARTER SCHOOL AND GUIDED BY MULTI-YEAR EMPLOYMENT CONTRACT WITH THE CEO. FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATION MAKES ALL FINANCIAL STATEMENTS, GOVERNING DOCUMENTS CONFLICT OF INTEREST POLICY, AND TAX RETURNS AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST.