2024-05-15T23:38:13-05:00 2023-06-30 873231666 PKF O'CONNOR DAVIES ADVISORY LLC 245 PARK AVENUE 12TH FLOOR NEW YORK NY 10167 990 2022-07-01 061838966 LA CIMA CHARTER SCHOOL LACI 7184432136 800 GATES AVENUE 3RD FLOOR BROOKLYN NY 11221 LORI RIDDICK EXECUTIVE DIRECTOR 7184432136 2024-05-15 1 LORI RIDDICK 999009999 1 GARRETT M HIGGINS P00543209 2122862600 2024-05-15 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z LORI RIDDICK 800 GATES AVENUE 3RD FLOOR BROOKLYN NY 11221 4817341 0 X WWW.LACIMACHARTERSCHOOL.ORG X 2008 NY PREPARE STUDENTS FOR ACADEMIC AND LIFE-LONG SUCCESS THROUGH A RIGOROUS ACADEMIC PROGRAM. 6 6 31 6 0 0 1969404 966000 3561042 3842034 26 78 15115 9229 5545587 4817341 0 0 0 0 3521794 3130303 0 0 0 1495226 1305171 5017020 4435474 528567 381867 2545738 2815709 557437 355994 1988301 2459715 X TO PREPARE STUDENTS FOR ACADEMIC AND LIFE-LONG SUCCESS THROUGH A RIGOROUS AND RELEVANT ACADEMIC PROGRAM. OUR VISION IS TO DEVELOP STUDENTS WHO HAVE THE INTELLECTUAL CAPACITY, SOCIAL CAPITAL, AND EMOTIONAL STRENGTH OF CHARACTER TO BE PERSONALLY SUCCESSFUL, AND TO ACT AS EFFECTIVE CHANGE-MAKERS IN THEIR COMMUNITIES. THE EDUCATIONAL PROGRAMS IMPLEMENTED BY THE SCHOOL ENABLES ALL STUDENTS TO MEET OR EXCEED STATE STANDARDS. 0 0 3420571 0 3842034 THE SCHOOL PREPARES STUDENTS FOR ACADEMIC AND LIFE-LONG SUCCESS THROUGH A RIGOROUS AND RELEVANT ACADEMIC PROGRAM. THE SCHOOL PROVIDED EDUCATION TO APPROXIMATELY 198 STUDENTS IN GRADES KINDERGARTEN THROUGH EIGHTH DURING THE 2022-2023 ACADEMIC YEAR.THE SCHOOL EXPECTS TO MAINTAIN HIGH LEVELS OF PARENT ENGAGEMENT AND SCHOLARS WHO ARE BETTER PREPARED TO NAVIGATE CHALLENGING CIRCUMSTANCES-ACADEMICALLY AND SOCIAL-EMOTIONALLY. 3420571 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 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 22 0 31 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 1 0 X DARLENE ALVAREZ 7184432136 800 GATES AVENUE 3RD FLOOR BROOKLYN NY 11221 NIKKI CARROLL CHAIR 10.00 X X 0 0 0 LUCY JOFFE TREASURER 10.00 X X 0 0 0 DAMIRA RASHEED SECRETARY 10.00 X X 0 0 0 NATALIE BLEDMAN TRUSTEE 10.00 X 0 0 0 KASSIDY MAXIE TRUSTEE 10.00 X 0 0 0 EMILY WELCH TRUSTEE 10.00 X 0 0 0 LETTA BELLE PRINCIPAL 40.00 X 155530 0 1555 LORI RIDDICK EXECUTIVE DIRECTOR 40.00 X 194250 0 3885 349780 0 5440 2 0 1 0 0 795171 170829 966000 GOV'T PER-PUPIL REV. 611110 3842034 3842034 3842034 78 78 OTHER REVENUE 900099 9229 9229 9229 4817341 3842034 0 9307 355220 214111 141109 2215854 1791326 424528 33518 26144 7374 326296 254511 71785 199415 155544 43871 13899 13899 36250 36250 383195 298893 84302 65130 50801 14329 42874 33459 9415 113968 88895 25073 10316 8046 2270 181386 141481 39905 71340 55645 15695 STUDENT SUPPLIES 336577 262531 74046 STAFF DEVELOPMENT 36703 28628 8075 STUDENT SERVICES 13533 10556 2977 4435474 3420571 1014903 0 39040 68009 103692 164884 293322 497279 16208 0 2327935 1440741 984680 887194 1103466 1193013 5330 5330 2545738 2815709 524827 353915 32610 2079 557437 355994 X 1988301 2459715 1988301 2459715 2545738 2815709 381867 89547 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1126205 412774 713431 881917 758165 123752 319813 269802 50011 887194 X 4906888 89547 89547 4817341 0 4817341 4435474 0 4435474 0 4435474 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. 2020-23. 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 THROUGH THE NYC DEPARTMENT OF EDUCATION AS PER ARTICLE 56 OF THE EDUCATION LAW OF NEW YORK STATE WHICH GOVERNS CHARTER SCHOOL FUNDING. THE SCHOOL ALSO RECEIVES VARIOUS FEDERAL ENTITLEMENT FUNDS, AS DO OTHER PUBLIC SCHOOLS, TO SUPPORT VARIOUS PROGRAMS FOR AT-RISK AND OTHER STUDENT POPULATIONS. X X X X 1 0 0 0 0 0 0 0 0 LORI RIDDICK EXECUTIVE DIRECTOR 194250 0 0 0 0 0 3885 0 0 0 198135 0 0 0 LETTA BELLE PRINCIPAL 155530 0 0 0 0 0 0 0 1555 0 157085 0 0 0 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 TO THE OUTSIDE ACCOUNTING FIRM AND A FINAL VERSION WILL BE DISTRIBUTED ELECTRONICALLY TO ALL BOARD MEMBERS PRIOR TO THE IRS SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C EACH TRUSTEE, OFFICER, AND KEY PERSON SHALL ANNUALLY SIGN AND SUBMIT TO THE SECRETARY OF LA CIMA A STATEMENT WHICH AFFIRMS SUCH PERSON HAS RECEIVED A COPY OF THE POLICY, HAS READ AND UNDERSTANDS THE POLICY, AND HAS AGREED TO COMPLY WITH THE POLICY. A COPY OF EACH DISCLOSURE STATEMENT SHALL BE KEPT IN LA CIMA'S FILES AND MADE AVAILABLE TO ANY TRUSTEE, OFFICER, OR KEY PERSON UPON REQUEST. CONFLICT OF INTEREST IS WHEN A RELATED PARTY WHO, CONTRARY TO THE OBLIGATION AND ABSOLUTE DUTY TO ACT FOR THE BENEFIT OF LA CIMA, EXPLOITS THE RELATIONSHIP FOR PERSONAL BENEFIT. ALL TRANSACTIONS, AGREEMENTS OR ANY OTHER ARRANGEMENTS BETWEEN LA CIMA AND A RELATED PARTY, AND ANY OTHER TRANSACTIONS WHICH MAY INVOLVE A POTENTIAL CONFLICT OF INTEREST, SHALL BE REVIEWED BY THE INDEPENDENT TRUSTEES OF THE BOARD. ALL RELATED PARTIES WITH AN INTEREST SHALL LEAVE THE ROOM IN WHICH SUCH DELIBERATIONS ARE CONDUCTED. THE INDEPENDENT TRUSTEES WILL THEN DETERMINE WHETHER THE CONTEMPLATED RELATED PARTY TRANSACTION IS FAIR, REASONABLE, AND IN THE BEST INTERESTS OF LA CIMA AT THE TIME OF SUCH DETERMINATION. LA CIMA WILL NOT ENTER INTO ANY RELATED PARTY TRANSACTION UNLESS IT IS DETERMINED TO BE FAIR, REASONABLE AND IN THE BEST INTEREST OF LA CIMA AT THE TIME OF SUCH DETERMINATION. THE MINUTES OF ALL MEETINGS OF THE BOARD AND ALL COMMITTEE MEETINGS SHALL BE DOCUMENTED CONTEMPORANEOUSLY TO THE DECISION AND DISCUSSION REGARDING THE FINANCIAL INTEREST OR CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE AND THE BOARD REVIEWS PERFORMANCE, SCOPE OF WORK (I.E. SIZE OF SCHOOL) AND COMPARABLE SALARY DATA FORM NEW YORK CITY PUBLIC SCHOOLS AND NATIONAL CHARTER SCHOOLS, AND DETERMINES COMPENSATION FOR THE EXECUTIVE DIRECTOR AND OTHER OFFICERS. THIS PROCESS OCCURS BI-ANNUALLY AND IS DOCUMENTED IN THE BOARD MINUTES. THE LAST TIME THIS OCCURRED WAS IN 2022. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND THE FINANCIAL STATEMENTS ARE ALL AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE SCHOOL HAS A FINANCE COMMITTEE THAT IS RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT AND THE SELECTION OF THE INDEPENDENT AUDITOR. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.