2024-04-23T13:59:11-05:00 2023-06-30 873231666 PKF O'CONNOR DAVIES ADVISORY LLC 245 PARK AVENUE 12TH FLOOR NEW YORK NY 10167 990 2022-07-01 831178507 IVY HILL PREPARATORY CHARTER SCHOOL IVYH 9177898959 475 E 57TH STREET BROOKLYN NY 11203 ANNEDREA COLEMAN HEAD OF SCHOOL 3476222269 2024-04-23 1 ANNEDREA COLEMAN 999009999 0 JOSEPH CONNOLLY P01959750 2122862600 2024-04-23 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z ANNEDREA COLEMAN 475 E 57TH STREET BROOKLYN NY 11203 5899830 0 X WWW.IVYHILLPREP.ORG X 2018 NY TO PROVIDE KINDERGARTEN THROUGH FIFTH GRADE EDUCATION. 5 5 54 7 0 0 365305 513903 5180989 5382368 207 3559 0 0 5546501 5899830 0 0 0 0 2216694 2812548 0 0 14654 2679368 3169579 4896062 5982127 650439 -82297 3741443 16984151 2384475 15709480 1356968 1274671 X THROUGH HIGH-QUALITY CURRICULUM AND INSTRUCTION, INTENTIONAL LEADERSHIP DEVELOPMENT, AND A COMMITMENT TO EXCELLENCE IN ALL THAT WE DO, IVY HILL PREPARATORY CHARTER SCHOOL EDUCATES KINDERGARTEN THROUGH FIFTH GRADE SCHOLARS TO THRIVE IN MIDDLE AND HIGH SCHOOL, GRADUATE FROM THE COLLEGE OF THEIR CHOICE, AND ACCESS LIVES OF PURPOSE AND OPPORTUNITY. 0 0 5310007 0 5382368 GENERAL EDUCATION: STUDENTS RECEIVE DAILY INSTRUCTION FROM 7:30AM-4:30PM UTILIZING A TWO-TEACHER MODEL IN THE CONTENT AREAS OF LITERACY, MATHEMATICS, AND PERFORMING ARTS. FOR OUR SPECIAL EDUCATION PROGRAM, STUDENTS BENEFIT FROM THE GENERAL EDUCATION PROGRAM, AND ALSO RECEIVE PUSH-IN SERVICES, PULL OUT SERVICES, AND RELATED SERVICES ACCORDING TO THE MANDATES OUTLINED IN THEIR INDIVIDUAL EDUCATION PLANS.THE SCHOOL PROVIDED EDUCATION TO APPROXIMATELY 212 STUDENTS IN KINDERGARTEN THROUGH FIRST GRADE DURING THE 2022-2023 ACADEMIC YEAR. 5310007 1 0 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 18 0 54 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X ANNEDREA COLEMAN 9177898959 475 E 57TH STREET BROOKLYN NY 11203 NANCY OLISMA INTERIM CHAIR 2.00 X X 0 0 0 ADAM JIMENEZ-SCHULMAN FORMER CHAIR, THRU MARCH 2023 1.00 X X 0 0 0 TANISHA JAMES VICE-CHAIR, THRU JUNE 2023 2.00 X X 0 0 0 WINSOME NEVINS-WARDEN TREASURER 2.00 X X 0 0 0 MAIMOUNA KANE SECRETARY 2.00 X X 0 0 0 ADAM LANIYAN TRUSTEE 1.00 X 0 0 0 DERRICK LEWIS TRUSTEE 1.00 X 0 0 0 ANNEDREA COLEMAN HEAD OF SCHOOL 50.00 X 116773 0 2652 AMBROSIA JOHNSON PRINCIPAL 60.00 X 25000 0 0 DIANA WILLIAMS ASSISTANT HEAD OF SCHOOL 50.00 X 100805 0 11415 242578 0 14067 2 0 0 0 0 512353 1550 513903 GOV'T PER-PUPIL REV. 611110 4256860 4256860 GOV'T PER-PUPIL REV. - 611110 1125508 1125508 5382368 3559 3559 5899830 5382368 0 3559 154766 79786 67482 7498 2209348 1959575 244953 4820 195934 169564 25478 892 252500 217868 33329 1303 7316 7316 31500 31500 471758 362398 109219 141 33735 33735 89228 87858 1370 120450 120450 1451938 1350302 101636 1245 1245 16750 16750 111394 103537 7857 54521 50705 3816 REPAIRS AND MAINTENANCE 335864 312354 23510 STAFF DEVELOPMENT 209157 209157 INSTRUCTIONAL SUPPLIES 146638 146638 STUDENT SERVICES 66488 66488 21597 21597 5982127 5310007 657466 14654 2612844 1842925 614069 642629 118952 456525 7581 0 14767 30692 750448 308945 279480 441503 93750 13569877 3741443 16984151 295399 295350 9261 0 2079815 15414130 2384475 15709480 X 1356968 1274671 1356968 1274671 3741443 16984151 -82297 0 X X 0 1 X 1 1 1 X 231273 41123 190150 392801 210904 181897 126374 56918 69456 441503 SECURITY DEPOSITS 312500 ROU ASSET 13257377 13569877 OPERATING LEASE LIABILITY 15414130 15414130 X 5899830 0 5899830 0 5899830 5982127 0 5982127 0 5982127 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 0 0 1 1 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. 2020-23. 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. FORM 990, PART VI, SECTION B, LINE 11B THE SCHOOL HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. WHEN THE FORM 990 HAS BEEN PREPARED, REVIEWED BY THE HEAD OF SCHOOL AND THE FINANCE COMMITTEE, AND IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE, IT IS ELECTRONICALLY SENT TO THE BOARD MEMBERS OF THE SCHOOL FOR ANY COMMENTS. EACH ISSUE IS DOCUMENTED AND ADDRESSED UNTIL THE RETURN IS FINALIZED AND APPROVED FOR FILING. FORM 990, PART VI, SECTION B, LINE 12C PRIOR TO ELECTION AND HIRING, AND THEREAFTER ON AN ANNUAL BASIS, ALL TRUSTEES, OFFICERS, AND KEY PERSONS SHALL DISCLOSE IN WRITING TO THE SECRETARY, WHO SHALL THEN PROMPTLY INFORM THE BOARD ANY ENTITY THEY ARE A DIRECTOR, OFFICER, TRUSTEE, VOTING MEMBER, OWNER (IN WHOLE OR IN PART) OR EMPLOYEE OF AND WITH WHICH THE SCHOOL HAS A FINANCIAL RELATIONSHIP AND ANY TRANSACTION IN WHICH THE SCHOOL IS A PARTICIPANT AND IN WHICH THE TRUSTEE, OFFICER OR KEY PERSON, OR ONE OF HIS OR HER RELATIVES, MIGHT HAVE A CONFLICTING INTEREST. IT IS THE RESPONSIBILITY OF THE BOARD OF DIRECTORS TO MAKE THE DETERMINATION AS TO WHETHER OR NOT A CONFLICT OF INTEREST EXISTS ONCE A DISCLOSURE HAS BEEN MADE, AND ONCE A CONFLICT OF INTEREST HAS BEEN DETERMINED IT IS THE RESPONSIBILITY OF THE BOARD OF DIRECTORS TO REVIEW SUCH CONFLICT. IF A CONFLICT WERE TO ARISE, THE INTERESTED PERSON SHALL EXCUSE THEMSELVES FROM BOARD DISCUSSION AND ABSTAIN FROM VOTING ON THE POTENTIAL CONFLICT. THE MINUTES OF THE GOVERNING BOARD SHALL DOCUMENT CONTEMPORANEOUSLY THE DELIBERATIONS AND DETERMINATION REGARDING ANY OF THE FINANCIAL INTEREST OR CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15A THE SCHOOL'S BOARD OF DIRECTORS COMPARES SALARIES OF SIMILAR ORGANIZATIONS TO DETERMINE THE SALARY OF ITS FOUNDER AND HEAD OF SCHOOL. THE BOARD OF DIRECTORS APPROVED THE COMPENSATION DETERMINATION AND WAS DOCUMENTED IN THE MINUTES OF THE GOVERNING BOARD. THIS PROCESS OCCURRED IN 2023. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL'S FORM 990, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC THROUGH THE PUBLIC PORTAL "BOARD ON TRACK". THESE ITEMS ARE POSTED ALONG WITH MEETING MATERIALS ON THE SCHOOL'S MEETING CALENDAR ON THEIR WEBSITE. 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 THE PRIOR YEAR. FORM 990, PART I, LINE 5: IN DECEMBER 2022 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.