2024-05-02T10:40:12-05:00 2023-06-30 221478099 COHNREZNICK LLP 350 CHURCH STREET 12TH FLOOR HARTFORD CT 06103 990 2022-07-01 205196171 ELM CITY COLLEGE PREPARATORY INC C/O ACHIEVEMENT FIRST INC ELMC 2037733223 470 JAMES STREET 007 NEW HAVEN CT 06513 LAURA SAVERIN TREASURER 2037733223 2024-05-01 1 LAURA SAVERIN 999009999 1 LAURA KIELCZEWSKI P00740769 9592007000 2024-04-30 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z X LAURA SAVERIN 470 JAMES STREET 007 NEW HAVEN CT 06513 13222074 0 X WWW.ACHIEVEMENTFIRST.ORG X 2004 CT ELM CITY COLLEGE PREPARATORY, INC. IS AN EDUCATIONAL CORPORATION, ESTABLISHED FOR THE PURPOSE OF STRENGTHENING THE ACADEMIC AND CHARACTER SKILLS NEEDED FOR ALL STUDENTS TO EXCEL IN THE TOP TIER COLLEGES, TO ACHIEVE SUCCESS IN A COMPETITIVE WORLD AND TO SERVE AS THE NEXT GENERATION OF LEADERS IN THE COMMUNITIES. 9 8 169 11 0 0 2414034 2334017 10337296 10678730 -1611379 -144 236759 208902 11376710 13221505 20133 11300 0 0 8814390 9030486 0 0 72000 5727261 5506571 14561784 14548357 -3185074 -1326852 29255777 28123202 3254285 3448562 26001492 24674640 X ELM CITY COLLEGE PREPARATORY, INC. IS AN EDUCATIONAL CORPORATION ESTABLISHED FOR THE PURPOSE OF STRENGTHENING THE ACADEMIC AND CHARACTER SKILLS NEEDED FOR ALL STUDENTS TO EXCEL IN TOP TIER COLLEGES, TO ACHIEVE SUCCESS IN A COMPETITIVE WORLD AND TO SERVE AS THE NEXT GENERATION OF LEADERS IN THEIR COMMUNITIES. 0 0 12410765 11300 10740742 ACADEMIC PROGRAMS FOR STUDENTS IN KINDERGARTEN THROUGH TWELFTH GRADE. 12410765 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 15 0 1 169 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 8 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X GAYLORD BOURNE CPA 2037733223 470 JAMES STREET 007 NEW HAVEN CT 06513 ERICA DEMOND DIRECTOR 1.00 X 0 0 0 KATIE HAGEN TEACHER REP 1.00 X 98590 0 15866 LAURA SAVERIN TREASURER 1.00 X X 0 0 0 LAVONTA BRYANT DIRECTOR 1.00 X 0 0 0 PATRIC GREGORY DIRECTOR 1.00 X 0 0 0 PATRICIA PIERCE DIRECTOR 1.00 X 0 0 0 RICHARD FERGUSON CHAIR 1.00 X X 0 0 0 SHASHANK GHIRIA DIRECTOR 1.00 X 0 0 0 STEPHANIE MA SECRETARY 1.00 X X 0 0 0 KARIN GOULD DIRECTOR OF SCHOOL OPERATI 40.00 X 113168 0 12242 MARC MICHAELSON SENIOR DIRECTOR 40.00 X 164493 0 19881 TANESHA B FORMAN PRINCIPAL 40.00 X 140046 0 17604 516297 0 65593 3 0 1 0 ACHIEVEMENT FIRST 470 JAMES STREET SUITE 7 NEW HAVEN CT 06513 MANAGEMENT SERVICES 1159923 1 953880 1380137 28645 2334017 STATE AND LOCAL PER PUPIL OPER RE 611110 9454636 9454636 FEES FROM GOV'T TO PERFORM SERVIC 611110 1224094 1224094 10678730 425 425 146890 0 146890 146890 146890 569 -569 -569 -569 62012 62012 62012 13221505 10740742 0 146746 11300 11300 118071 100384 17687 7714360 6558768 1155592 42051 35752 6299 633260 538399 94861 522744 444438 78306 1130234 1001722 56512 72000 1050 728 322 37579 37579 87501 60650 26851 2827 2827 227749 168326 59423 426036 415064 10972 176298 149889 26409 70803 70803 1494717 1195774 298943 119975 102003 17972 REPAIRS AND MAINTENANCE 531827 452161 79666 FOOD SERVICE 399479 399479 STUDENT SERVICE 355170 355170 SUPPLIES/MATERIALS 237193 237193 208133 180738 27395 14548357 12410765 2065592 72000 1577590 2834065 1189894 981 455803 632966 11248 421 15631 164 35425688 11105343 25701273 24320345 48896 304338 285364 29255777 28123202 307811 167155 2294095 2239910 652379 1041497 3254285 3448562 X 26001492 24674490 150 26001492 24674640 29255777 28123202 -1326852 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 963 963 0 PART II-B, LINE 1: THE ORGANIZATION PAYS DUES TO NORTHEAST CHARTER SCHOOLS NETWORK. A PORTION OF DUES IS USED BY NECSN FOR LOBBYING ACTIVITIES IN SUPPORT OF CHARTER SCHOOLS. 2330931 2330931 30916298 9680286 21236012 2050738 1324778 725960 124051 96670 27381 3670 3609 61 24320345 DUE TO OTHER SCHOOLS 787607 DUE TO CT DEPARTMENT OF EDUCATION 4599 DUE TO RELATED PARTY 200395 LEASE LIABILITY 48896 1041497 X 13221505 0 13221505 0 13221505 14548357 0 14548357 0 14548357 PART X, LINE 2: MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE SCHOOL AND HAS CONCLUDED THAT, AS OF JUNE 30, 2023, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE SCHOOL'S FEDERAL INFORMATION RETURNS PRIOR TO FISCAL YEAR 2020 ARE CLOSED AND MANAGEMENT CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS. IF THE SCHOOL HAS UNRELATED BUSINESS INCOME TAXES, IT WILL RECOGNIZE INTEREST AND PENALTIES ASSOCIATED WITH ANY TAX MATTERS AS PART OF THE INCOME TAX PROVISION AND INCLUDE ACCRUED INTEREST AND PENALTIES WITH THE RELATED TAX LIABILITY IN THE STATEMENT OF FINANCIAL POSITION. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 ELM CITY COLLEGE PREPARATORY, INC. STATES ITS NON-DISCRIMINATORY POLICY IN ALL SOURCES USED FOR THE RECRUITMENT OF STUDENTS, THE POLICY IS ALSO INCLUDED IN THEIR APPLICATION MATERIALS. SCHEDULE E, PART I, LINE 6 THE SCHOOL IS RECOGNIZED BY THE STATE OF CONNECTICUT AS A CHARTER SCHOOL, AS SUCH THE STATE OF CONNECTICUT PROVIDES GRANT FUNDING FOR OPERATIONS BASED ON A CENSUS OF STUDENTS. ADDITIONAL FUNDING IS RECEIVED FROM FEDERAL AND STATE GRANTS FOR BREAKFAST AND LUNCH PROGRAMS, EDUCATION FUNDING, AND COVID RELIEF. THE SCHOOL RECEIVES GOVERNMENT ASSISTANCE TO FUND ITS EXEMPT PURPOSE OF PROVIDING EDUCATIONAL SERVICES. 1 SCHOLARSHIPS 29 11300 FMV SCHOLARSHIPS PART I, LINE 2: APPLICATIONS ARE REVIEWED PRIOR TO GRANTS BEING AWARDED, AND THE USE OF FUND IS MONITORED TO ENSURE THAT FUNDS ARE USED FOR EDUCATIONAL PURPOSES. X 0 0 0 0 0 0 0 1 0 MARC MICHAELSON SENIOR DIRECTOR 163977 0 0 0 516 0 0 0 19881 0 184374 0 0 0 TANESHA B FORMAN PRINCIPAL 134933 0 5000 0 113 0 2500 0 15104 0 157650 0 0 0 PART I, LINE 7 THE AMOUNTS IN PART II COLUMN B (II) REPRESENT PAYMENTS FOR BONUSES. THESE AMOUNTS WERE APPROVED BY THE BOARD AND INCLUDED IN THE INDIVIDUALS' W-2S. X 1 28645 FMV 0 0 0 PART I, COLUMN (B): AMOUNTS IN COLUMN B REPRESENT THE NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION DELEGATES CERTAIN FINANCIAL FUNCTIONS, SPECIFICALLY ACCOUNTING AND BOOKKEEPING, TO THE CHARTER MANAGEMENT ORGANIZATION, ACHIEVEMENT FIRST, INC. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PRESENTED TO BOARD FINANCE COMMITTEE MEMBERS PRIOR TO SUBMISSION TO THE IRS. FORM 990 IS ALSO REVIEWED BY THE AUDIT & ACCOUNTING SPECIALIST OF ACHIEVEMENT FIRST, INC. A COP OF THE 990 IS MADE AVAILABLE TO THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE REQUIRED ANNUALLY TO DISCLOSE CONFLICTS OF INTEREST. VENDORS AND OTHER MAJOR CONTRACTORS ARE REQUIRED TO ENSURE THERE ARE NO CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 SALARIES ARE DETERMINED THROUGH COMPARISON WITH LOCAL SCHOOL DISTRICTS TO ENSURE WE REMAIN COMPETITIVE. CONTINUING EMPLOYMENT IS REVIEWED AND APPROVED ANNUALLY BY THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION C, LINE 19 ALL THESE DOCUMENTS ARE AVAILABLE UPON REQUEST AT NO COST TO THE PUBLIC.