2024-03-09T10:37:57-06:00 2023-06-30 042571780 AAFCPAS INC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2022-07-01 272194956 UP EDUCATION NETWORK UPED 6173075980 PO BOX 220818 DORCHESTER MA 02122 HILLARY CASSON CEO 6179799230 2024-03-05 1 HILLARY CASSON XXX-XX-XXXX 1 JOHN BUCKLEY CPA P00830631 5083669100 2024-03-04 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z HILLARY CASSON PO BOX 220818 DORCHESTER MA 02122 2981135 0 X WWW.UPEDUCATIONNETWORK.ORG X 2010 DE UP EDUCATION NETWORK IS A SCHOOL TURNAROUND ORGANIZATION WHOSE MISSION IS TO RAPIDLY TRANSFORM CHRONICALLY UNDERPERFORMING DISTRICT SCHOOLS INTO EXTRAORDINARY SCHOOLS THAT SUSTAIN HIGH ACHIEVEMENT OVER TIME. 6 6 45 150 0 0 1757349 730864 3070371 2226780 4765 18195 7371 5296 4839856 2981135 228846 26265 0 0 4888194 3132887 0 0 190048 1440915 782363 6557955 3941515 -1718099 -960380 3246935 2530669 545334 789448 2701601 1741221 X THE PRINCIPAL INTENT OF THE ORGANIZATION IS TO CONDUCT ACTIVITIES TO ADVANCE EDUCATION REFORM IN PUBLIC SCHOOLS, INCLUDING PUBLIC CHARTER SCHOOLS. SPECIFICALLY, THE ORGANIZATION WILL ENGAGE IN ACTIVITIES TO SUPPORT AND TRANSFORM UNDERPERFORMING SCHOOLS INTO HIGH-PERFORMING SCHOOLS THAT ENSURE ALL STUDENTS, FROM KINDERGARTEN THROUGH HIGH SCHOOL, POSSESS THE ACADEMIC AND SOCIAL SKILLS NECESSARY TO ACHIEVE THEIR FULL POTENTIAL AND THRIVE IN FOUR-YEAR COLLEGES. 0 0 3233392 26265 2232076 UP EDUCATION NETWORK IS ONE OF THE FEW SCHOOL MANAGEMENT ORGANIZATIONS IN THE COUNTRY SUCCESSFULLY TACKLING THE CHALLENGES OF IN-DISTRICT SCHOOL TURNAROUND. UP HAS RESTARTED AND CONTINUES TO MANAGE THREE SCHOOLS IN BOSTON, SERVING 1,300 OF THE STATE'S HISTORICALLY UNDERSERVED STUDENTS. LOCAL SCHOOL DISTRICTS ARE A KEY PARTNER IN UP'S WORK TO TRANSFORM CHRONICALLY UNDERPERFORMING DISTRICT SCHOOLS INTO EXTRAORDINARY SCHOOLS. UP EDUCATION NETWORK IS A WINNER OF NEW SCHOOLS VENTURE FUND "EDUCATION REFORM ORGANIZATION OF THE YEAR" IN RECOGNITION OF OUR EXTRAORDINARY RESULTS. UP EDUCATION NETWORK SCHOOLS HAS HAD A SCHOOL RANKED #1 IN THE STATE OF MASSACHUSETTS IN STUDENT GROWTH FOR SOME SUBJECT OR SPECIAL POPULATION IN 2011, 2012, 2013, 2014, 2018, AND 2019, AND OUR SCHOOLS HAVE INCREASED PROFICIENCY RATES BY 2-3X WITHIN 2 YEARS OF TURNAROUND. UP'S RESULTS HAVE BEEN VALIDATED BY INDEPENDENT RESEARCHERS. A STUDY IN THE AMERICAN ECONOMIC REVIEW BY RESEARCHERS AT MIT FOUND THAT UP DELIVERS EXCEPTIONALLY LARGE, CAUSAL IMPACT FOR OUR STUDENTS IN BOTH MATH AND ELA. OUR STUDENTS WITH THE GREATEST NEED -- STUDENTS WITH LOW PRIOR YEAR PERFORMANCE, STUDENTS WITH DISABILITIES AND ENGLISH LANGUAGE LEARNERS, TEND TO SEE THE MOST GROWTH AT UP.UP EDUCATION NETWORK DELIVERS HIGH-QUALITY ACADEMIC AND OPERATIONAL SERVICES, MANAGES DISTRICT GOVERNANCE AND OTHER EXTERNAL STAKEHOLDER RELATIONSHIPS, AND SUPPORTS SCHOOL LEADERSHIP TEAMS IN FUNCTIONAL AREAS SUCH AS SPECIAL EDUCATION, ENGLISH LANGUAGE LEARNING, INNOVATION, AND TALENT MANAGEMENT. 3233392 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 25 0 1 45 1 0 0 0 0 0 0 0 0 0 0 0 0 X 6 6 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MA DE X VERONICA CONFORME 6173075980 PO BOX 220818 DORCHESTER MA 02122 VERONICA CONFIRME CEO 40.00 X 387384 0 20005 HILLARY CASSON CHIEF SCHOOLS OFFICER 40.00 X 160163 0 25569 CHRISTOPHER BYRNES CHIEF FINANCIAL OFFICER 40.00 X 145296 0 25469 MIKE BOWER CHIEF OPERATING OFFICER 40.00 X 167291 0 2153 DEANNA VASILAKIS CHIEF TALENT OFFICER 40.00 X 143782 0 25138 ADKEEM JACKSON MANAGING DIRECTOR OF EQUIT 40.00 X 134993 0 14321 MARIANNE NIEMAN MANAGING DIRECTOR OF RECRUITMENT AND STAFFING 40.00 X 124167 0 18461 COURTNEY SWARTZ DIRECTOR OF ACADEMICS 40.00 X 118267 0 17204 MARTIN MANNION BOARD CHAIR (UNTIL 12/2022) 4.00 X X 0 0 0 EMILY GREEN BOARD CHAIR 4.00 X X 0 0 0 FARHAD NANJI BOARD MEMBER (UNTIL 06/2023) 4.00 X 0 0 0 JOANNA JACOBSON BOARD MEMBER (UNTIL 12/2022) 4.00 X 0 0 0 KIRK ARNOLD BOARD MEMBER 4.00 X 0 0 0 MEGHAN JOYCE BOARD MEMBER 4.00 X 0 0 0 OWEN WURZBACHER BOARD MEMBER 4.00 X 0 0 0 ELLEN DALEY BOARD MEMBER 4.00 X 0 0 0 1381343 0 148320 12 0 1 0 0 730864 730864 SERVICE AND OTHER FEES 611710 2226780 2226780 2226780 18195 18195 MISCELLANEOUS INCOME 909999 5296 5296 5296 2981135 2232076 0 18195 26265 26265 855545 676577 127194 51774 1832919 1566879 170304 95736 15512 13136 1479 897 246376 208380 24610 13386 182535 152505 20020 10010 25262 21106 4156 89566 48206 41360 51733 43223 8510 54895 44449 5835 4611 142616 119154 20417 3045 68763 57450 7542 3771 15045 12595 2029 421 25742 21398 2574 1770 81952 68470 8988 4494 RECRUITING 103180 86254 16926 PROFESSIONAL DEVELOPMEN 76120 65063 11057 BAD DEBT 36841 36841 MISCELLANEOUS 10648 2282 8233 133 3941515 3233392 518075 190048 249825 2701702 2054058 5000 247580 138830 120000 57139 14254 463842 447440 42144 16402 73370 57300 3246935 2530669 206848 140663 5320 333166 648785 545334 789448 X 2676601 1741221 25000 0 2701601 1741221 3246935 2530669 -960380 0 X X 0 1 X 1 0 X 2756564 2957535 3721306 1757349 730864 11923618 2756564 2957535 3721306 1757349 730864 11923618 6118479 5805139 7861 7000 70804 4765 18195 108625 55100 110683 165783 12198026 14914399 0.47590 0.41420 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 12312 12312 0 451530 435128 16402 16402 X 2981135 0 2981135 0 2981135 3941515 0 3941515 0 3941515 PART IV, LINE 2B: THE ORGANIZATION ACTS AS A FISCAL AGENT FOR BOSTON PUBLIC SCHOOLS IN CONNECTION WITH ITS MANAGEMENT CONTRACT WITH UP ACADEMY HOLLAND (UAH). AS OF JUNE 30, 2023, FUNDS HELD FOR OTHERS CONSIST OF AMOUNTS HELD ON BEHALF OF UAH, WHICH HAVE NOT YET BEEN SPENT. PART X, LINE 2: THE ORGANIZATION 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 FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE ORGANIZATION HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS AT JUNE 30, 2023 . THE ORGANIZATION'S INFORMATIONAL RETURNS ARE SUBJECT TO EXAMINATION BY THE FEDERAL AND STATE JURISDICTIONS. 1 UP ACADEMY DORCHESTER 35 WESTVILLE STREET DORCHESTER MA 02124 462404287 12250 0 SUPPORT SCHOOL OPERATIONS 1 PART I, LINE 2: THE GRANTS TO UP ACADEMY BOSTON, UP ACADEMY DORCHESTER AND UP ACADEMY HOLLAND SPECIFIED RESTRICTIONS, IF ANY, ON THE GRANT FUNDS IN THE GRANT LETTERS. UP EDUCATION NETWORK REGULARLY REVIEWS UAB, UAD, AND UAH'S ACTIVITY AGAINST THESE RESTRICTIONS WHEN COMPILING MONTHLY FINANCIAL STATEMENTS. IN 2022-23, THE CASH GRANTS TO UAB AND UAH WERE UNRESTRICTED. X X X X 0 0 0 0 0 0 0 0 0 VERONICA CONFIRME CEO 385384 0 2000 0 0 0 2850 0 17155 0 407389 0 0 0 HILLARY CASSON CHIEF SCHOOLS OFFICER 153496 0 6667 0 0 0 1683 0 23886 0 185732 0 0 0 CHRISTOPHER BYRNES CHIEF FINANCIAL OFFICER 141963 0 3333 0 0 0 1583 0 23886 0 170765 0 0 0 MIKE BOWER CHIEF OPERATING OFFICER 160624 0 6667 0 0 0 1674 0 479 0 169444 0 0 0 DEANNA VASILAKIS CHIEF TALENT OFFICER 136115 0 7667 0 0 0 1252 0 23886 0 168920 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B A DRAFT VERSION OF THE 990 IS PROVIDED TO ALL BOARD MEMBERS FOR THEIR REVIEW VIA EMAIL AND PRIOR TO FINAL SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REQUIRES ITS DIRECTORS, MANAGEMENT AND KEY EMPLOYEES TO COMPLETE AN ANNUAL DISCLOSURE FORM IDENTIFYING ANY RELATIONSHIPS, POSITIONS, OR CIRCUMSTANCES IN WHICH THE RESPONSIBLE PERSON IS INVOLVED THAT HE OR SHE BELIEVES COULD CONTRIBUTE TO A CONFLICT OF INTEREST ARISING. FORM 990, PART VI, SECTION B, LINE 15A WHEN WE HIRED VERONICA CONFORME AS OUR CEO, THE BOARD CONVENED A SEARCH COMMITTEE TO INFORM SALARY DECISIONS. THE COMMITTEE TOOK THE FOLLOWING FACTORS INTO ACCOUNT: COMPENSATION OF OTHERS IN SIMILAR ROLES AT PEER ORGANIZATIONS THE UP TURNAROUND CONTEXT THE BACKGROUND AND EXPERIENCE OF THE INDIVIDUALS ADVICE FROM THE EXTERNAL SEARCH FIRM WHO LED THE SEARCH THE BOARD USES THAT INPUT TO DETERMINE THE SALARY PACKAGE, WHICH INCLUDED A BONUS THAT WAS APPROVED BY THE BOARD. SUBSEQUENTLY, AT THE END OF THE FISCAL YEAR, THE BOARD TYPICALLY HAS GONE INTO EXECUTIVE SESSION, AND AFTER ASSESSING THE CEO'S PERFORMANCE, MADE A DECISION ABOUT WHETHER AND HOW MUCH OF HER BONUS TO AWARD AND WHETHER TO ADJUST HER SALARY FOR THE SUBSEQUENT YEAR. THE BOARD APPROVED VERONICA'S FY19 BONUS AND FY20 SALARY AND COMMUNICATED IT TO UP IN THE SUMMER OF 2019. THE BOARD HAS NOT MADE ANY CHANGES TO VERONICA'S BASE COMPENSATION SINCE THE SUMMER OF 2019. HILLARY CASSON BECAME THE NEWEST UP CEO, EFFECTIVE JULY 1, 2023. IN DETERMINING HER COMPENSATION, THE BOARD CONSIDERED THE SAME FACTORS LISTED ABOVE, INCLUDING BENCHMARK ANALYSIS OF COMPENSATION OF PEER ORGANIZATIONS LOCALLY AND NATIONALLY. THE BOARD APPOINTED ITS CHAIR, EMILY GREEN, TO LEAD DISCUSSIONS WITH HILLARY, AND THEY APPROVED HER FY24 COMPENSATION IN ITS FEBRUARY 2023 MEETING. TO DETERMINE SALARIES FOR OUR OTHER OFFICERS AND KEY EMPLOYEES, UP REGULARLY PARTICIPATES IN COMPENSATION STUDIES OF CHARTER MANAGEMENT ORGANIZATIONS AND OTHER PEER ORGANIZATIONS, MOST RECENTLY IN 2021-2022, AND USES THAT TO ADJUST OUR NETWORK OFFICE SALARY BANDS AS NEEDED AND TO REVIEW INDIVIDUAL SALARIES TO ENSURE ALL ARE COMPETITIVE. WE HAVE AWARDED COST OF LIVING INCREASES ANNUALLY AND MADE SALARY ADJUSTMENTS TO REMAIN COMPETITIVE WITH THE LOCAL EDUCATION MARKET. FOR 2023-2024, WE UPDATED OUR SALARY BANDS AND REVIEWED ALL INDIVIDUAL SALARIES AND MADE ADJUSTMENTS ACCORDINGLY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS IS RESPONSIBLE FOR OVERSIGHT OF THE AUDIT OF UP EDUCATION NETWORK, INC.'S FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT.