2024-05-02T13:30:35-05:00 2023-06-30 873231666 PKF O'CONNOR DAVIES ADVISORY LLC 245 PARK AVENUE 12TH FLOOR NEW YORK NY 10167 990 2022-07-01 822023126 FRIENDS OF ASCEND CHARTER SCHOOLS INC FRIE 8778295500 205 ROCKAWAY PARKWAY BROOKLYN NY 11212 MARYANN LI PRESIDENT 8778295500 2024-05-02 1 MARYANN LI XXX-XX-XXXX 1 GARRETT M HIGGINS P00543209 2122862600 2024-04-30 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z MARYANN LI 205 ROCKAWAY PARKWAY BROOKLYN NY 11212 27639879 0 X N/A X 2017 NY TO SUPPORT THE OPERATIONS OF ASCEND CHARTER SCHOOLS. 3 3 0 3 0 0 0 0 16484620 27625645 0 14234 0 0 16484620 27639879 0 0 0 0 0 0 0 0 0 17436084 26464995 17436084 26464995 -951464 1174884 52287360 249362458 49338406 245238620 2948954 4123838 X TO SUPPORT THE OPERATIONS OF ASCEND CHARTER SCHOOLS BY MANAGING REAL ESTATE AND FACILITIES-RELATED NEEDS, AND BY RAISING FUNDS AND RESOURCES THAT WILL ENABLE THE ORGANIZATION TO PROVIDE SUPPORT TO ASCEND CHARTER SCHOOLS TO ENHANCE THE EXPERIENCE OF THE SCHOOLS' STUDENTS. 0 0 21913016 0 27625645 THE ORGANIZATION SUPPORTS THE OPERATIONS OF ASCEND CHARTER SCHOOLS ("ACS"), A NETWORK OF K-12 PUBLIC CHARTER SCHOOLS LOCATED IN BROOKLYN, NEW YORK, BY MANAGING ACS' REAL ESTATE AND FACILITIES-RELATED NEEDS, AND BY RAISING FUNDS AND RESOURCES THAT WILL ENABLE THE ORGANIZATION TO PROVIDE SUPPORT TO ACS AND ENHANCE THE EXPERIENCE OF ACS' STUDENTS. THE ORGANIZATION LEASES FACILITIES TO ACS. 21913016 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 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 0 0 1 11 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 3 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 0 0 0 NY X X JULIE CHEN 8778295500 160 WEST 85TH STREET 2B NEW YORK NY 10024 X RICK ARROYO PRESIDENT 1.00 0.00 X X 0 0 0 NEIL SHAPIRO SECRETARY 1.00 0.00 X X 0 0 0 JAMES FORD TREASURER 1.00 0.00 X X 0 0 0 0 0 0 0 0 0 0 MARTINEZ CLEANING COMPANY INC 90-07 31ST AVENUE EAST ELMHURST NY 11369 CLEANING SERVICES 1624091 EXECUTIVE CLEANING 460 NEW YORK AVENUE HUNTINGTON NY 11743 CLEANING SERVICES 213894 MURPHY BURNHAM & BUTTRICK ARCHITECTS L 48 WEST 37TH STREET 14TH FLOOR NEW YORK NY 10018 ARCHITECTURAL SERVICES 185895 TOTAL BUILDING MANAGEMENT LLC 3518 AVENUE S SUITE 2 BROOKLYN NY 11234 PROPERTY MANAGEMENT 117000 HERRICK FEINSTEIN LLP 2 PARK AVE NEW YORK NY 10016 LEGAL SERVICE 110482 5 PROGRAM RELATED RENTAL 531120 27625645 27625645 27625645 14234 14234 27639879 27625645 0 14234 X 6560 5432 1128 17000 14076 2924 4097059 3392364 704695 1149 951 198 17205081 14245807 2959274 2062897 1708079 354818 1635539 1354226 281313 REPAIRS AND MAINTENANCE 1245947 1031644 214303 CUSTODIAL SUPPLIES 193763 160437 33326 26464995 21913016 4551979 0 320596 901727 50763 117955 576597 641801 40510791 7675517 34058441 32835274 17280963 214865701 52287360 249362458 424624 255485 34243917 32693570 14669865 212289565 49338406 245238620 X 2948954 4123838 2948954 4123838 52287360 249362458 1174884 0 X 0 1 X 0 0 X 1100 1100 10315189 14181701 16135713 16484620 27625645 84742868 10315189 14182801 16135713 16484620 27625645 84743968 0 0 0 84743968 7360 6073 157 14234 27824 7360 6073 157 14234 27824 65836 65836 10388385 14188874 16135870 16484620 27639879 84837628 0.99890 0.00030 X 39811817 7631652 32180165 698974 43865 655109 32835274 RIGHT OF USE ASSETS 193620000 DEFERRED RENT 19484544 SECURITY DEPOSITS 1300000 RESTRICTED CASH 461157 214865701 OPERATING LEASE LIABILITY 207613966 DUE TO AFFILIATES 4675599 212289565 X 27639879 0 27639879 0 27639879 26464995 0 26464995 0 26464995 PART X, LINE 2: FOA RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT FOA HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. FOA IS NO LONGER SUBJECT TO EXAMINATION BY THE APPLICABLE TAXING JURISDICTIONS, FOR THE YEARS PRIOR TO JUNE 30, 2020. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DID NOT HAVE ANY COMMITTEES DURING FISCAL YEAR 2023. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM. THE RETURN IS REVIEWED BY MANAGEMENT AND A COMPLETE COPY OF THE FORM 990 IS PROVIDED TO ALL BOARD MEMBERS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A CONFLICT OF INTEREST POLICY APPLICABLE TO OFFICERS, DIRECTORS, AND KEY EMPLOYEES. EACH COVERED PERSON HAS A DUTY TO DISCLOSE IN GOOD FAITH ALL MATERIAL FACTS OF ANY FINANCIAL INTEREST, POTENTIAL RELATED PARTY TRANSACTION OR OTHER POTENTIAL CONFLICT OF INTEREST TO THE BOARD. ANY PERSON INVOLVED IN SUCH MATTER MUST LEAVE THE ROOM IN WHICH DELIBERATIONS ARE CONDUCTED AND CANNOT VOTE, ACT OR ATTEMPT TO INFLUENCE IMPROPERLY THE DELIBERATIONS ON SUCH MATTER. ANY TRANSACTIONS CONCERNING CONFLICTS OF INTEREST CAN ONLY BE APPROVED BY A MAJORITY VOTE OF THE REMAINING BOARD MEMBERS PRESENT AND VOTING AT THE MEETING. SUCH MATTERS ARE TO BE DOCUMENTED IN THE BOARD MINUTES. OFFICERS, DIRECTORS, AND KEY EMPLOYEES MUST COMPLETE A CONFLICT OF INTEREST DISCLOSURE FORM UPON ELECTION OR APPOINTMENT, AND THEREAFTER ON AN ANNUAL BASIS. EACH PERSON MUST ALSO SIGN A STATEMENT WHICH AFFIRMS THAT SUCH PERSON: (A) HAS RECEIVED A COPY OF THE POLICY, (B) HAS READ AND UNDERSTANDS THE POLICY, AND (C) HAS AGREED TO COMPLY WITH THE POLICY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FORM 990, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G SECURITY SERVICES: PROGRAM SERVICE EXPENSES 704,303. MANAGEMENT AND GENERAL EXPENSES 146,305. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 850,608. CUSTODIAL SERVICES: PROGRAM SERVICE EXPENSES 2,688,061. MANAGEMENT AND GENERAL EXPENSES 558,390. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,246,451.