2024-05-15T12:31:20-05:00 2023-06-30 BDO USA 200 PARK AVENUE 38TH FLOOR NEW YORK NY 10166 990 2022-07-01 821870534 Friends Of Inwood Academy For Leadership CHARTER SCHOOL INC % JENNY PICHARDO FRIE 2123040103 3896 10th Avenue NEW YORK NY 10034 JENNY Pichardo CFO 2123040103 2024-05-15 true JENNY Pichardo 999009999 Paul Hammerschmidt P01384178 2128858000 2024-05-14 3 2022 2023-04-26 12:10:37Z JENNY Pichardo 3896 10th Avenue NEW YORK NY 10034 3282629 false X N/A X 2017 NY TO PROVIDE FINANCIAL SUPPORT TO AND TO FURTHER THE EDUCATIONAL AND CHARITABLE PURPOSE OF THE INWOOD ACADEMY FOR LEADERSHIP CHARTER SCHOOL IN NEW YORK. 4 4 0 4 0 0 0 0 3581159 3248408 1 34221 0 0 3581160 3282629 1300000 1300000 0 0 0 0 0 0 0 2400108 2123779 3700108 3423779 -118948 -141150 16042127 16711653 14768222 15585425 1273905 1126228 TO PROVIDE FINANCIAL SUPPORT TO, AND TO FURTHER THE EDUCATIONAL AND CHARITABLE PURPOSE OF THE INWOOD ACADEMY FOR LEADERSHIP CHARTER SCHOOL IN NEW YORK. false false 3423779 1300000 3248408 Friends of Inwood Academy for Leadership Charter School, Inc. subleased the facilities to Inwood Academy for Leadership Charter School. In addition, it made a grant to Inwood Academy for Leadership Charter School. 3423779 true false false false false false false false false false false false false true true true true false false false false false false false false false false true false false false false false false false false false false false false false false false false false false false true 0 0 0 false false false false false false false false false false false false X 4 4 false false false false false false false true true false false true true true true false false false false false NY X JENNY PICHARDO 2123040103 3896 10TH AVENUE NEW YORK NY 10034 X Matthew Mahoney CHAIRPERSON 1.0 0.0 X X 0 0 0 Jonathan Zucker TREASURER 1.0 0.0 X X 0 0 0 CHRISTINA REYES SECRETARY 1.0 0.0 X X 0 0 0 JAY PATRICK TRUSTEE 1.0 0.0 X 0 0 0 Jenny Pichardo Volunteer CFO 1.0 0.0 X 0 0 0 0 0 0 0 false false false 0 0 RENTAL INCOME 532000 3248408 3248408 3248408 34221 34221 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3282629 3248408 0 34221 1300000 1300000 0 0 0 0 0 0 0 0 0 0 0 41200 41200 0 0 0 0 0 0 0 0 23328 23328 0 0 0 743175 743175 0 1316076 1316076 0 3423779 3423779 0 0 2718891 412345 1211 2235432 0 0 0 0 0 0 0 0 0 0 0 0 0 0 12946698 0 0 0 0 0 0 0 0 0 375327 14063876 16042127 16711653 32025 371098 0 0 0 0 0 0 0 0 0 0 0 0 0 0 14736197 15214327 14768222 15585425 X 1273905 1126228 0 0 1273905 1126228 16042127 16711653 -141150 -6527 X false true X true false X 0 0 0 0 0 0 697911 3581159 3581161 3581159 3248408 14689798 0 0 0 697911 3581159 3581161 3581159 3248408 14689798 0 0 0 14689798 2 3 1 1 34221 34228 0 2 3 1 1 34221 34228 0 0 10344 0 0 0 10344 697913 3591506 3581162 3581160 3282629 14734370 0.99697 0.99910 0.00232 0.00000 X OPERATING LEASE - RENT ASSET 466933 ROU - OPERATING LEASES 982212 ROU - FINANCE LEASES 12614731 14063876 0 FINANCE LEASE LIABILITY 14080918 DUE TO IALCS 52666 OPERATING LEASE LIABILITY 1080743 15214327 X 3282629 3282629 3282629 3423779 3423779 3423779 PART X, LINE 2: Friends of Inwood was incorporated in the state of New York and is exempt from federal, state, and local income taxes under Section 501(c)(3) of the IRC, and therefore has made no provision for income taxes in the accompanying financial statements. In addition, Friends of Inwood has been determined by the Internal Revenue Service not to be a "private foundation" within the meaning of Section 509(a) of the IRC. There was no unrelated business income for the year ended june 30, 2023. Under U.S. GAAP, an organization must recognize the tax benefit associated with tax positions taken for tax-return purposes when it is more likely than not that the position will not be sustained upon examination by a taxing authority. Friends of Inwood does not believe it has taken any material uncertain tax positions and, accordingly, it has not recorded any liability for unrecognized tax benefits. Friends of Inwood is subject to routine audits by a taxing authority. As of June 30, 2023, Friends of Inwood was not subject to any examination by a taxing authority. true INWOOD ACADEMY FOR LEADERSHIP CHARTER SCHOOL 3896 10TH AVENUE NEW YORK NY 10034 271936773 501(c)(3) 1300000 general support 1 Part I, Line 2: THE ORGANIZATION AND THE RECIPIENT WILL PROPERLY ACCOUNT FOR THE DISTRIBUTION AND RECEIPT OF GRANTS, RESPECTIVELY AND PRIOR TO DISBURSEMENT OF ANY SUCH GRANTS, EACH TRUSTEE MUST APPROVE THE GRANT CONTEMPORANEOUSLY WITH THE DISBURSEMENT. FORM 990, PART VI, LINE 11b: FORM 990 WAS PREPARED BY A NATIONALLY RECOGNIZED ACCOUNTING FIRM IN CONJUNCTION WITH THE ORGANIZATION'S FINANCIAL DEPARTMENT. DRAFT FORM 990 WAS REVIEWED BY THE ORGANIZATION'S TREASURER AND THEN PROVIDED TO ALL MEMBERS OF THE BOARD OF DIRECTORS IN DRAFT VIA ELECTRONIC MAIL, WITH AN OPPORTUNITY FOR THEM TO COMMENT OR MAKE INQUIRY BEFORE IT WAS FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C: THE ORGANIZATION REVIEWS THE CONFLICT OF INTEREST STATEMENTS THAT ARE SIGNED ANNUALLY BY THE BOARD MEMBERS, OFFICERS AND KEY EMPLOYEES. ANY CONFLICTS THAT MAY ARISE ARE RESOLVED BY THE CHAIRMAN OF THE BOARD. IN THE EVENT A CONFLICT ARISES, AND WHEN IT IS DEEMED NECESSARY BY THE BOARD, AFFECTED INDIVIDUALS ARE REQUIRED TO RECUSE THEMSELVES FROM DISCUSSIONS AND/OR ABSTAIN FROM VOTING REGARDING MATTERS INVOLVING POSSIBLE CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINES 15A AND 15B: THE ORGANIZATION DOES NOT COMPENSATE ANY OFFICERS OR KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19: THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.