2024-05-06T09:21:24-05:00 2023-06-30 221478099 COHNREZNICK LLP 350 CHURCH STREET 12TH FLOOR HARTFORD CT 06103 990 2022-07-01 061546695 AMISTAD ACADEMY INC C/O ACHIEVEMENT FIRST INC AMIS 2037733223 470 JAMES STREET 007 NEW HAVEN CT 06513 LORRAINE GIBBONS CHAIR 2037733223 2024-05-06 1 LORRAINE GIBBONS 999009999 1 LAURA KIELCZEWSKI P00740769 9592007000 2024-04-24 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z X LORRAINE GIBBONS 470 JAMES STREET 007 NEW HAVEN CT 06513 16960321 0 X WWW.ACHIEVEMENTFIRST.ORG X 1999 CT AMISTAD ACADEMY, INC. WAS INCORPORATED TO FOCUS ON 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. THE SCHOOL SERVES STUDENTS FROM LOW INCOME HOUSEHOLDS IN NEW HAVEN, CONNECTICUT. THE SCHOOL OPERATED CLASSES FOR STUDENTS IN KINDERGARTEN THROUGH TWELFTH GRADES. 8 7 346 8 0 0 2519784 1646251 15979020 15266403 1477 4338 25944 43329 18526225 16960321 91248 70299 0 0 11655870 11343560 0 0 3000 7363020 7476057 19110138 18889916 -583913 -1929595 35740749 31346028 8946607 6481481 26794142 24864547 X AMISTAD ACADEMY, INC. WAS INCORPORATED TO FOCUS ON 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. THE SCHOOL SERVES STUDENTS FROM LOW INCOME HOUSEHOLDS IN NEW HAVEN, CONNECTICUT. THE SCHOOL OPERATED CLASSES FOR STUDENTS IN KINDERGARTEN THROUGH TWELFTH GRADES. 0 0 16619752 70299 15309732 EDUCATIONAL PROGRAMS FOR STUDENTS IN KINDERGARTEN THROUGH TWELFTH GRADES. 16619752 1 1 0 1 0 0 0 0 0 0 1 0 0 1 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 51 0 1 346 1 0 0 0 0 0 0 0 0 0 0 0 0 X 8 7 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 X ETHAN TYMINSKI DIRECTOR 1.00 X 0 0 0 GAYATRI MEHTA DIRECTOR 1.00 X 0 0 0 JEN ALEXANDER DIRECTOR 1.00 X 0 0 0 LINDA DARKWAH TEACHER REP 1.00 X 51556 0 10135 LORRAINE GIBBONS CHAIR 1.00 X X 0 0 0 PATRICIA SWEET TREASURER 1.00 X X 0 0 0 SHANNELLE WHYTE PARENT REP 1.00 X X 0 0 0 YASHIRA AGOSTO DIRECTOR 1.00 X 0 0 0 ALICE LOWE ACADEMIC DEAN 40.00 X 134917 0 6370 LASHELL ROUNTREE DIRECTOR OF OPERATIONS 40.00 X 155428 0 21586 LAUREN RAIMONDI PRINCIPAL 40.00 X 131281 0 11846 ROSEANN M BASILE PRINCIPAL 40.00 X 192231 0 25446 SIMON OBAS PRINCIPAL 40.00 X 198719 0 6812 864132 0 82195 15 0 1 0 ACHIEVEMENT FIRST 470 JAMES STREET SUITE 7 NEW HAVEN CT 06513 MANAGEMENT SERVICES 1556061 SMG CORPORATE SERVICES PO BOX 135 BRATTLEBORO VT 053020135 CUSTODIAL SERVICES 399479 2 9900 1597431 38920 43593 1646251 STATE AND LCOAL PER PUPIL OPERATI 611110 13178826 13178826 FEES FROM GOV'T TO PERFORM SERVIC 611110 2087577 2087577 15266403 4338 4338 43329 43329 43329 16960321 15309732 0 4338 70299 70299 65273 57290 7983 9706952 8519834 1187118 42937 37686 5251 870599 764129 106470 657799 577353 80446 1593828 1511137 79691 3000 27337 27337 129941 102835 27106 2015 2015 337196 238049 99147 242217 232946 9271 452580 397232 55348 83277 83277 1737152 1389722 347430 157530 138265 19265 REPAIRS AND MAINTENANCE 868145 761975 106170 STUDENT SERVICES 731923 731923 FOOD SERVICES 660973 660973 SUPPLIES/MATERIALS 210061 210061 241882 216028 25854 18889916 16619752 2267164 3000 1960396 3141580 6778712 1020 711186 944741 416365 402260 42649371 20117512 24155861 22531859 2511328 1718229 1813240 35740749 31346028 497246 591217 403436 1460439 1426085 6988922 4060743 8946607 6481481 X 26793642 24862981 500 1566 26794142 24864547 35740749 31346028 -1929595 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 1366 1366 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. 41593594 19619602 21973992 436079 231210 204869 470851 203922 266929 148847 62778 86069 22531859 DUE FROM OTHER SCHOOLS 1730385 CONSTRUCTION IN PROGRESS 82855 1813240 DUE TO RELATED PARTY 1532497 DUE TO OTHER SCHOOLS 17000 OPERATING LEASE LIABILITIES 2511246 4060743 X 16960321 0 16960321 0 16960321 18889916 0 18889916 0 18889916 PART X, LINE 2: MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ACADEMY 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 ACADEMY'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 ACADEMY 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 AMISTAD ACADEMY, 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 ACADEMY 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 FUNDS. AMISTAD ACADEMY, INC. RECEIVES GOVERNMENT ASSISTANCE TO FUND ITS EXEMPT PURPOSE OF PROVIDING EDUCATIONAL SERVICES. 1 SCHOLARSHIP 46 69740 FMV SCHOLARSHIP COVID ASSISTANCE 1 559 PART I, LINE 2: APPLICATIONS ARE REVIEWED PRIOR TO SCHOLARSHIPS BEING AWARDED, AND THE SCHOLARSHIPS ARE APPLIED DIRECTLY AGAINST STUDENT TUITION. DURING FISCAL YEAR 2023, THE ORGANIZATION IDENTIFIED A CHARITABLE CLASS FOR THE PURPOSE OF PROVIDING COVID RELIEF AWARDS TO MEMBERS OF OUR EDUCATIONAL COMMUNITY STUDENTS & THEIR FAMILIES, ALUMNI FROM OUR SCHOOLS CURRENTLY ATTENDING COLLEGE FOR PERSONAL USE. X 0 0 0 0 0 0 0 1 0 ROSEANN M BASILE PRINCIPAL 187123 0 5000 0 108 0 0 0 25446 0 217677 0 0 0 SIMON OBAS PRINCIPAL 193611 0 5000 0 108 0 2500 0 4312 0 205531 0 0 0 LASHELL ROUNTREE DIRECTOR OF OPERATIONS 144640 0 10500 0 288 0 0 0 21586 0 177014 0 0 0 PART I, LINE 7 SOME OF THE INDIVIDUALS LISTED ON FORM 990, PART VII, RECEIVED BONUSES. THESE AMOUNTS WERE APPROVED BY THE BOARD AND INCLUDED IN THE INDIVIDUALS W-2S. X 1 43593 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 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 COPY OF THE FORM 990 IS ALSO MADE AVAILABLE TO THE FULL 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. THE ORGANIZATION'S 990 FORM IS AVAILABLE BOTH UPON REQUEST AND ON THE WEBSITE WWW.GUIDESTAR.ORG. FORM 990, PART VII, LINE 1B: LINDA DARKWAH RECEIVES COMPENSATION FROM AMISTAD ACADEMY IN HER CAPACITY AS A TEACHER, AND DOES NOT RECEIVE ANY COMPENSATION FOR HER WORK AS A BOARD MEMBER OF THE ORGANIZATION.