2024-08-12T12:21:31-05:00 2023-09-30 631034180 HORTON LEE BURNETT ET AL PC 3800 COLONNADE PKWY SUITE 500 BIRMINGHAM AL 35243 990 2022-10-01 463827127 NEW SCHOOLS FOR ALABAMA NEWS 2059360932 2 20TH STREET NORTH 1315 BIRMINGHAM AL 35203 TYLER BARNETT EXECUTIVE DIRECTOR 2059360932 2024-08-06 1 0 PATRICIA OH P00355032 2059679744 2024-08-02 2022 2024-08-08 14:25:15Z TYLER BARNETT 2 20TH STREET NORTH 1315 BIRMINGHAM AL 35203 8181256 0 X WWW.NEWSCHOOLSFORALABAMA.ORG X 2013 AL OUR MISSION IS TO SUPPORT THE GROWTH OF EXCELLENT PUBLIC CHARTER SCHOOLS IN ALABAMA TO ENSURE THAT EVERY CHILD HAS ACCESS TO A QUALITY PUBLIC EDUCATION. 11 11 11 0 0 0 9237562 7377338 420004 724066 2 28616 2126 51236 9659694 8181256 3938562 5232338 0 0 594632 1331087 0 0 59540 1293528 1903291 5826722 8466716 3832972 -285460 5276502 5404006 1157036 1570000 4119466 3834006 X OUR MISSION IS TO SUPPORT THE GROWTH OF EXCELLENT PUBLIC CHARTER SCHOOLS IN ALABAMA TO ENSURE THAT EVERY CHILD HAS ACCESS TO A QUALITY PUBLIC EDUCATION. 0 0 7991604 5232338 775302 SEE SCHEDULE O 7991604 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 27 0 1 11 1 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 X TYLER BARNETT 2059360932 2 20TH STREET NORTH SUITE 1315 BIRMINGHAM AL 35203 CAROL W BUTLER PRESIDENT 3.00 X 0 0 0 DAVE BORDEN DIRECTOR 3.00 X 0 0 0 MARIA KENNEDY TREASURER 3.00 X 0 0 0 KHADIJAH ABDULLAH VICE CHAIR 3.00 X 0 0 0 NICK GAEDE DIRECTOR 3.00 X 0 0 0 MIHO KUBAGAWA DIRECTOR 3.00 X 0 0 0 JAN MILLER DIRECTOR 3.00 X 0 0 0 RICHARD PERRY SECRETARY 3.00 X 0 0 0 JESSICA JANE WEDGEWORTH EX-OFFICIO 3.00 X 0 0 0 BRIAN HAMILTON DIRECTOR 3.00 X 0 0 0 CHARLES JACKSON DIRECTOR 3.00 X 0 0 0 TYLER BARNETT CHIEF EXECUTIVE OFFICER 40.00 X 162363 0 23239 RUSSELL RANEY CHIEF FINANCIAL OFFICER 40.00 X 130667 0 7005 CANDIE A MITCHELL-PRICE CHIEF COMMUNICATIONS OFFIC 40.00 X 86000 0 7933 MIKE BROWN CHIEF SCHOOL OFFICER 40.00 X 130792 0 10203 NATALIE TUCKER CHIEF OF STAFF 40.00 X 98562 0 11761 608384 0 60141 3 0 1 0 POPLAR ADVISORS LLC 1505 SWEETBRIAR AVE NASHVILLE TN 37212 101500 1 4545838 2831500 7377338 SCHOOL SERVICES REVENU 611430 724066 724066 724066 28616 28616 OTHER INCOME 611110 51236 51236 51236 8181256 775302 0 28616 5232338 5232338 554292 455973 71604 26715 541183 384781 132704 23698 27188 19658 5914 1616 123984 88341 32229 3414 84440 65136 15493 3811 65698 62700 2998 18500 18500 795636 786267 9369 106931 29368 77563 129942 90008 39648 286 77135 69299 7836 1714 1714 SCHOOL FOUNDERS 678987 678987 PARENT VOICE 21297 21297 TEACHER DEVELOPMENT 7451 7451 8466716 7991604 415572 59540 3320875 3706837 1735638 1538204 202792 109365 15066 36016 7992 4826 2131 3166 10418 5276502 5404006 122758 95112 1034278 1427167 7500 0 40221 1157036 1570000 X 3442394 3584043 677072 249963 4119466 3834006 5276502 5404006 -285460 0 X 0 1 X 0 1 1 X 478100 2022775 4962723 9237562 7377338 24078498 478100 2022775 4962723 9237562 7377338 24078498 5037120 19041378 230 54 2 28616 28902 261 2126 51236 53623 24161023 1159070 0.78810 0.81120 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2020 AMOUNT: $ 261. 2021 AMOUNT: $ 2,126. 2022 AMOUNT: $ 51,236. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7992 4826 3166 3166 ACCRUED PAYROLL RELATED LIABILITIES 29568 CURRENT PORTION OPERATING LEASE LIABILITY 10553 OTHER CURRENT AND ACCRUED LIABILITIES 100 40221 X 8181256 0 8181256 0 8181256 8466716 0 8466716 0 8466716 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL, STATE, AND LOCAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE "IRC"). THEREFORE, NO PROVISION OR LIABILITY FOR INCOME TAXES HAS BEEN INCLUDED IN THE FINANCIAL STATEMENTS. INCOME FROM CERTAIN ACTIVITIES OF THE ORGANIZATION NOT DIRECTLY RELATED TO THE ORGANIZATION'S TAX-EXEMPT PURPOSE COULD SUBJECT IT TO TAXATION ON SUCH UNRELATED BUSINESS INCOME. THERE WAS NO UNRELATED BUSINESS INCOME FOR THE YEAR ENDED SEPTEMBER 30, 2022. 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. THE ORGANIZATION DOES NOT BELIEVE IT HAS TAKEN ANY MATERIAL UNCERTAIN TAX POSITIONS AND, ACCORDINGLY, IT HAS NOT RECORDED ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY A TAXING AUTHORITY. AS OF SEPTEMBER 30, 2022, THE ORGANIZATION WAS NOT SUBJECT TO ANY EXAMINATIONS BY A TAXING AUTHORITY. THE FEDERAL RETURNS OF THE ORGANIZATION FOR OPEN TAX YEARS (GENERALLY THREE YEARS FROM THE DATE FILED) ARE SUBJECT TO EXAMINATION BY THE APPLICABLE TAXING AUTHORITY. 1 LIFE LADIES INFLUENCING FREEDOM AND EXCELLENCE INC 1969 CHANCELLOR RIDGE RD PRATTVILLE AL 36066 811259118 501(C)(3) 239695 0 SEE SCHEDULE I SUPPLEMENTAL INFORMATION WOODLAWN COMMUNITY CHARTER SCHOOL 3800 COLONNADE PKY STE 450 BIRMINGHAM AL 35243 831049224 501(C)(3) 124863 0 SEE SCHEDULE I SUPPLEMENTAL INFORMATION EMPOWER SCHOOLS OF ALABAMA INC 5122 WINDSOR PARC DRIVE BESSEMER AL 35022 852038676 501(C)(3) 432858 0 SEE SCHEDULE I SUPPLEMENTAL INFORMATION MAGIC CITY ACCEPTANCE ACADEMY CHARTER SCHOOL 3022 5TH AVE SOUTH BIRMINGHAM AL 35233 854034546 501(C)(3) 343525 0 SEE SCHEDULE I SUPPLEMENTAL INFORMATION BREAKTHROUGH CHARTER SCHOOL 1101 WASHINGTON STREET MARION AL 36756 851052118 501(C)(3) 446446 0 SEE SCHEDULE I SUPPLEMENTAL INFORMATION LEGACY SCHOOLS 1500 DANIEL PAYNE DRIVE BIRMINGHAM AL 35214 812601194 501(C)(3) 50000 0 SEE SCHEDULE I SUPPLEMENTAL INFORMATION LEAD EDUCATION FOUNDATION 539 PADDOCK LANE MONTGOMERY AL 36109 823528049 501(C)(3) 50500 0 SEE SCHEDULE I SUPPLEMENTAL INFORMATION UNIVERSITY CHARTER SCHOOL 101 COUNCIL ROW LIVINGSTON AL 35470 821304767 501(C)(3) 202000 0 SEE SCHEDULE I SUPPLEMENTAL INFORMATION ALABAMA AEROSPACE AND AVIATION SCHOOLS INC 1731 OAK PARK LN HELENA AL 35080 843820962 501(C)(3) 725271 0 SEE SCHEDULE I SUPPLEMENTAL INFORMATION PHALEN LEADERSHIP ACADEMIES INDIANA INC 1001 MARINA DRIVE 410 QUINCY MA 02171 364729586 501(C)(3) 200000 0 SEE SCHEDULE I SUPPLEMENTAL INFORMATION FLORETTA P CARSON VISUAL AND PERFORMING ARTS ACADEMY 1701 PRINCETON WOODS DRIVE WEST MOBILE AL 36618 873416405 501(C)(3) 52814 0 SEE SCHEDULE I SUPPLEMENTAL INFORMATION COVENANT ACADEMY OF MOBILE 4568 HALLS MILL ROAD MOBILE AL 36693 874009772 501(C)(3) 672228 0 SEE SCHEDULE I SUPPLEMENTAL INFORMATION INDEPENDENCE SCHOOLS OF ALABAMA 2629 RED FERN DRIVE TAMPA FL 33527 921734073 501(C)(3) 100000 0 SEE SCHEDULE I SUPPLEMENTAL INFORMATION MAEF PUBLIC CHARTER SCHOOLS INC PO BOX 123 MOBILE AL 36601 814451622 501(C)(3) 242455 0 SEE SCHEDULE I SUPPLEMENTAL INFORMATION BARNABAS SCHOOL OF LEADERSHIP 280 HEADLAND AVE DOTHAN AL 36303 862995652 501(C)(3) 50000 0 SEE SCHEDULE I SUPPLEMENTAL INFORMATION IRON CITY EDUCATION 229 POLO DOWNS CHELSEA AL 35043 921554619 501(C)(3) 100000 0 SEE SCHEDULE I SUPPLEMENTAL INFORMATION MONTGOMERY EDUCATION FUND 595 CARMICHAEL PL STE 101 MONTGOMERY AL 36117 463586388 501(C)(3) 1197433 0 SEE SCHEDULE I SUPPLEMENTAL INFORMATION PART I, LINE 2: THE ORGANIZATION ISSUES GRANTS ON AN IMPARTIAL, HIGHLY COMPETITIVE BASIS IN ACCORDANCE WITH THE SUB-GRANTMAKING REQUIREMENTS STIPULATED BY THE UNITED STATES DEPARTMENT OF EDUCATION OFFICE OF INNOVATION AS DESCRIBED UNDER THE FEDERAL CHARTER SCHOOLS PROGRAM GRANTS TO STATE ENTITIES COMPETITION. UPON MAKING A GRANT, THE ORGANIZATION HAS FINAL APPROVAL OVER GRANTEE BUDGETS (WHICH MUST BE SUBMITTED IN THE APPLICATION PROCESS) AND THE ORGANIZATION MONITORS EXPENDITRUES IN ADHERENCE TO THOSE BUDGETS. THE ORGANIZATION PROVIDES TRAINING ON BEST PRACTICES AND ALLOWABLE EXPENDITURES, AND HAS FINAL APPROVAL AUTHORITY OVER EACH EXPENDITURE USING GRANT FUNDS THAT A SUBGRANTEE REQUESTS. AS AN ADDITIONAL LAYER OF SECURITY TO ENSURE THAT ALL EXPENDITURES ARE ALLOWABLE, THE ORGANIZATION ISSUES GRANT FUNDS ON A REIMBURSEMENT BASIS, ALLOWING THE ORGANIZATION TO MONITOR REIMBURSEMENT REQUESTS AT THE INDIVIDUAL LEVEL AND APPROVE THEM IN AN ITEMIZED FASHION. ON A QUARTERLY BASIS, THE ORGANIZATION ISSUES A PERFORMANCE REPORT TO THE UNITED STATES DEPARTMENT OF EDUCATION DETAILING THE USE OF GRANT FUNDS AT THE LEVEL OF EACH INDIVIDUAL SUBGRANTEE. IN ADDITION, THE ORGANIZATION GIVES OUT GRANTS SUCH AS THE DISTRICT CHARTER COLLABORATION GRANT, QUALITY SEATS FUND GRANT, TEACHER QUALITY GRANT, STAFF RECOGNITION GRANT, AND DEGREE PROGRAM GRANT TO VARIOUS SCHOOLS. THE ORGANIZATION GIVES THESE GRANTS OUT ON A HIGHLY COMPETITIVE BASIS. PART IV - ADDITIONAL INFORMATION THE PURPOSE OF THE CSP GRANT OR ASSISTANCE TO LIFE LADIES INFLUENCING FREEDOM AND EXCELLENCE INC.: TO SUPPORT THE DEVELOPMENT OF AN ASPRING CHARTER SCHOOL BY PROVIDING IN-DEPTH SUPPORT WITH THE COMPLETION OF AN APPROVED CHARTER SCHOOL APPLICATION IN ALABAMA. THE PURPOSE OF THE CSP GRANT OR ASSISTANCE TO WOODLAWN COMMUNITY CHARTER SCHOOL: TO SUPPORT THE DEVELOPMENT OF AN ASPRING CHARTER SCHOOL BY PROVIDING IN-DEPTH SUPPORT WITH THE COMPLETION OF AN APPROVED CHARTER SCHOOL APPLICATION IN ALABAMA. THE PURPOSE OF THE CSP GRANT OR ASSISTANCE TO EMPOWER SCHOOLS OF ALABAMA, INC.: TO SUPPORT THE DEVELOPMENT OF AN ASPRING CHARTER SCHOOL BY PROVIDING IN-DEPTH SUPPORT WITH THE COMPLETION OF AN APPROVED CHARTER SCHOOL APPLICATION IN ALABAMA. THE PURPOSE OF THE CSP GRANT OR ASSISTANCE TO MONTGOMERY EDUCATION FOUNDATION: TO SUPPORT THE DEVELOPMENT OF THREE ASPRING CHARTER SCHOOLS BY PROVIDING IN-DEPTH SUPPORT WITH THE COMPLETION OF AN APPROVED CHARTER SCHOOL APPLICATION IN ALABAMA. THE PURPOSE OF THE CSP GRANT OR ASSISTANCE TO MAEF PUBLIC CHARTER SCHOOLS INC.: TO SUPPORT THE DEVELOPMENT OF AN ASPRING CHARTER SCHOOL BY PROVIDING IN-DEPTH SUPPORT WITH THE COMPLETION OF AN APPROVED CHARTER SCHOOL APPLICATION IN ALABAMA. THE PURPOSE OF THE DISTRICT CHARTER COLLOBORATION GRANT TO MAEF PUBLIC CHARTER SCHOOLS INC.: TO SUPPORT THE MANAGEMENT OF CHARTER SCHOOLS OPERATED BY THE GRANTEE IN CARRYING OUT ITS CHARITABLE TAX-EXEMPT PURPOSES THE PURPOSE OF THE CSP GRANT OR ASSISTANCE TO MAGIC CITY ACCEPTANCE ACADEMY: TO SUPPORT THE DEVELOPMENT OF AN ASPRING CHARTER SCHOOL BY PROVIDING IN-DEPTH SUPPORT WITH THE COMPLETION OF AN APPROVED CHARTER SCHOOL APPLICATION IN ALABAMA. THE PURPOSE OF THE CSP GRANT OR ASSISTANCE TO BREAKTHROUGH CHARTER SCHOOL: TO SUPPORT THE DEVELOPMENT OF AN ASPRING CHARTER SCHOOL BY PROVIDING IN-DEPTH SUPPORT WITH THE COMPLETION OF AN APPROVED CHARTER SCHOOL APPLICATION IN ALABAMA. THE PURPOSE OF THE DISTRICT CHARTER COLLABORATION GRANT TO UNIVERSITY CHARTER SCHOOLS: TO SUPPORT THE MANAGEMENT OF CHARTER SCHOOLS OPERATED BY THE GRANTEE IN CARRYING OUT ITS CHARITABLE TAX-EXEMPT PURPOSES. THE PURPOSE OF THE CSP GRANT OR ASSISTANCE TO ALABAMA AEROSPACE AND AVIATION SCHOOLS INC.: TO SUPPORT THE DEVELOPMENT OF AN ASPIRING CHARTER SCHOOL BY PROVIDING IN-DEPTH SUPPORT WITH THE COMPLETION OF AN APPROVED CHARTER SCHOOL APPLICATION IN ALABAMA. THE PURPOSE OF THE CSP GRANT OR ASSISTANCE TO FLORETTA P CARSON VISUAL AND PERFORMING ARTS ACADEMY: TO SUPPORT THE MANAGEMENT OF CHARTER SCHOOLS OPERATED BY THE GRANTEE IN CARRYING OUT ITS CHARITABLE TAX-EXEMPT PURPOSES. THE PURPOSE OF THE CSP GRANT OR ASSISTANCE TO COVENANT ACADEMY OF MOBILE: TO SUPPORT THE MANAGEMENT OF CHARTER SCHOOLS OPERATED BY THE GRANTEE IN CARRYING OUT ITS CHARITABLE TAX-EXEMPT PURPOSES. THE PURPOSE OF THE QUALITY SEATS FUND GRANT TO PHALEN LEADERSHIP ACADEMIES INDIANA INC, BREAKTHROUGH CHARTER SCHOOL, LEAD ACADEMY, ALABAMA AEROSPACE AND AVIATION SCHOOLS, INC, WOODLAWN COMMUNITY CHARTER SCHOOL, UNIVERSITY CHARTER SCHOOL, BARNABAS SCHOOL OF LEADERSHIP, INDEPENDENCE SCHOOLS OF ALABAMA, IRON CITY EDUCATION, AND COVENANT ACADEMY OF MOBILE: TO SUPPORT THE GRANTEES IN THEIR PURSUIT OF ENROLLMENT GROWTH. THE PURPOSE OF THE TEACHER QUALITY GRANT TO EMPOWER COMMUNITY SCHOOL, ALABAMA AEROSPACE AND AVIATION SCHOOLS, INC, PHALEN LEADERSHIP ACADEMIES INDIANA INC, AND LEGACY PREP: TO SUPPORT THE GRANTEES IN THEIR PURSUIT OF INCREASING TEACHER RETENTION AND RECRUITMENT EFFORTS. THE PURPOSE OF THE STUDENT ENRICHMENT GRANT TO MAGIC CITY ACCEPTANCE ACADEMY, EMPOWER COMMUNITY SCHOOL, UNIVERSITY CHARTER SCHOOL, BREAKTHROUGH CHARTER SCHOOL, WOODLAWN COMMUNITY CHARTER SCHOOL, AND MONTGOMERY EDUCATION FUND: TO SUPPORT THE GRANTEES IN THEIR PURSUIT OF PROVIDING ENRICHMENT OPPORTUNITIES FOR STUDENTS. THE PURPOSE OF THE STAFF RECOGNITION GRANT TO EMPOWER COMMUNITY SCHOOL, LEAD EDUCATION FOUNDATION, MAGIC CITY ACCEPTANCE ACADEMY, LIFE LADIES INFLUENCING FREEDOM AND EXCELLENCE INC, WOODLAWN COMMUNITY CHARTER SCHOOL, ALABAMA AEROSPACE AND AVIATION SCHOOLS, INC, AND BREAKTHROUGH CHARTER SCHOOL: TO SUPPORT THE GRANTEES IN THEIR PURSUIT OF RECOGNIZING OUTSTANDING TEACHERS. 0 0 0 0 0 0 0 0 0 TYLER BARNETT CHIEF EXECUTIVE OFFICER 162363 0 0 0 0 0 8118 0 15121 0 185602 0 0 0 FORM 990, PART III, LINE 4A: ADVOCACY : WE ADVOCATE FOR THE ADVANCEMENT OF POLICY THAT HELPS TO IMPROVE ALL PUBLIC SCHOOLS IN ALABAMA. MORE SPECIFICALLY, WE WORK WITH POLICY MAKERS AND ADMINISTRATIVE AGENCIES TO ENSURE THAT OUR LEGISLATIVE AGENDA SERVES THE BETTERMENT OF THE CHARTER SCHOOL COMMUNITY WHILE BEARING IN MIND THE BROADER NEEDS OF ALL PUBLIC SCHOOL STUDENTS IN ALABAMA. COMMUNITY ENGAGEMENT: WE ENSURE THAT PARENTS AND COMMUNITIES HAVE ACCESS TO CLEAR INFORMATION ABOUT SCHOOL QUALITY AND THE BENEFITS THAT OTHER OPTIONS MAY PRESENT. WE ENGAGE WITH PARENTS, FAMILIES, AND COMMUNITIES OF UNDERSERVED CHILDREN TO SUPPORT THEM TO MAKE APPROPRIATE SCHOOL CHOICES, IDENTIFY SCHOOL MODELS THAT FIT THEIR FAMILIES' NEED, AND GET INVOLVED IN THEIR CHILDREN'S EDUCATION. SCHOOL SUPPORT: TOWARDS THE GOAL OF QUALITY, WE SUPPORT SCHOOLS THROUGH PROVIDING TECHNICAL ASSISTANCE WORKSHOPS AND INDIVIDUALIZED SUPPORT IN AREAS SUCH AS TALENT DEVELOPMENT, FACILITY ACQUISITION AND OTHER ACADEMIC AREAS OF SUPPORT. NEW SCHOOL DEVELOPMENT: WE IDENTIFY THE HIGHEST-PERFORMING CHARTER SCHOOL NETWORKS IN THE NATION AND ACTIVELY RECRUIT THE BEST AMONG THEM TO ESTABLISH NEW SCHOOLS IN AREAS OF THE GREATEST NEED. WE WORK TO RECRUIT HIGH-CALIBER LEADERS AND DEVELOP HOMEGROWN LEADERS TO ESTABLISH GREAT SCHOOLS IN UNDERSERVED COMMUNITIES. WE PROVIDE TRAINING AND DEVELOPMENT IN BEST PRACTICE STRATEGIES IN SCHOOL STARTUP THROUGH OUR LEADERSHIP FELLOWS GRANT PROGRAM. ADDITIONALLY, WE ACTIVELY SEEK TO SECURE STATE AND FEDERAL FUNDS TO SUPPORT THE INVESTMENT IN LEADERSHIP AND ALL STARTUP ACTIVITIES THROUGH TECHNICAL ASSISTANCE AND COMPETITIVE GRANT PROGRAMS. TO DATE, WE HAVE AWARDED MORE THAN $13 MILLION IN GRANTS TO ALABAMA CHARTER SCHOOLS. FORM 990, PART VI, SECTION B, LINE 11B THE RETURN IS PREPARED BY AN INDEPENDENT CPA. UPON COMPLETION OF THE PREPARATION AND PRIOR TO THE FILING OF THE RETURN, THE RETURN IS PROVIDED TO THE PROGRAM DIRECTOR. THE PROGRAM DIRECTOR IS RESPONSIBLE FOR REVIEWING THE RETURN AND FORWARDING THE RETURN TO THE DIRECTORS. THE DIRECTORS AND PROGRAM DIRECTOR WILL DETERMINE IF ANY CHANGES OR ADJUSTMENTS NEED TO BE MADE. ANY CHANGES OR ADJUSTMENTS WILL BE PROVIDED TO AND DISCUSSED WITH THE INDEPENDENT CPA. ONCE ALL CHANGES HAVE BEEN MADE AND THE DIRECTORS HAVE COMPLETED A FINAL REVIEW, THE RETURN WILL BE FILED. FORM 990, PART VI, SECTION B, LINE 12C TO ENSURE THE ORGANIZATION OPERATES IN A MANNER CONSISTENT WITH CHARITABLE PURPOSES AND DOES NOT ENGAGE IN ACTIVITIES THAT COULD JEOPARDIZE ITS TAX-EXEMPT STATUS, PERIODIC REVIEWS SHALL BE CONDUCTED. THE PERIODIC REVIEWS SHALL, AT A MINIMUM, INCLUDE THE FOLLOWING SUBJECTS: (A) WHETHER COMPENSATION ARRANGEMENTS AND BENEFITS ARE REASONABLE, BASED ON COMPETENT SURVEY INFORMATION, AND THE RESULT OF ARM'S LENGTH BARGAINING, AND (B) WHETHER PARTNERSHIPS, JOINT VENTURES, AND ARRANGEMENTS WITH MANAGEMENT ORGANIZATIONS CONFORM TO THE ORGANIZATION'S WRITTEN POLICIES, ARE PROPERTLY RECORDED, REFLECT REASONABLE INVESTMENT OR PAYMENTS FOR GOODS AND SERVICES, FURTHER CHARITABLE PURPOSES AND DO NOT RESULT IN INUREMENT, IMPERMISSIBLE BENEFIT OR IN AN EXCESS BENEFIT TRANSACTION. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. NSFA LOAN FUND LLC 2 20TH ST N SUITE 1315 BIRMINGHAM AL 35203 922002838 PROVIDE LOANS AND GRANTS TO ALABAMA PUBLIC CHARTER SCHOOLS AL 11683 811683 NEW SCHOOLS FOR ALABAMA NSFA DEVELOPMENT I LLC 2 20TH ST N SUITE 1315 BIRMINGHAM AL 35203 922037034 LEASING AND SELLING SCHOOL FACILITIES TO ALABAMA PUBLIC CHARTER SCHOOLS AL 0 0 NEW SCHOOLS FOR ALABAMA ALABAMIANS FOR PUBLIC CHARTER SCHOOLS 209 20TH ST N BOX 128 BIRMINGHAM AL 35203 465646549 ADVOCATE FOR PUBLIC CHARTER SCHOOLS IN THE STATE OF ALABAMA AL 501(C)(4) N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0