2024-05-14T09:46:24-05:00 2023-06-30 161092347 MENGEL METZGER BARR & CO LLP 100 CHESTNUT STREET SUITE 1200 ROCHESTER NY 14604 990 2022-07-01 270400583 FRIENDS OF HEBREW LANGUAGE ACADEMY CHARTER SCHOOLS INC FRIE 6468969478 25 WEST 39TH STREET 7TH FLOOR NEW YORK NY 10018 ELYSE CASTELLANO COO 6468969478 2024-05-13 1 ELYSE CASTELLANO XXX-XX-XXXX 1 MICHELLE CAIN P00150750 5854231860 2024-05-14 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z X ELYSE CASTELLANO 25 WEST 39TH STREET 7TH FLOOR NEW YORK NY 10018 5433672 0 X N/A X 2009 NY FRIENDS OF HEBREW LANGUAGE ACADEMY CHARTER SCHOOLS, INC., ("FOHLA") WAS FOUNDED TO PROVIDE FINANCIAL AND TECHNICAL SUPPORT TO, AND FURTHER THE EDUCATIONAL AND CHARITABLE PURPOSES OF, HEBREW LANGUAGE CHARTER SCHOOLS IN NEW YORK STATE. 2 2 0 3 0 0 5000 1000 5876304 5432672 0 0 0 0 5881304 5433672 0 0 0 0 0 0 0 0 0 6065905 12407699 6065905 12407699 -184601 -6974027 25779722 73233545 22296563 76724413 3483159 -3490868 FRIENDS OF HEBREW LANGUAGE ACADEMY CHARTER SCHOOLS, INC., ("FOHLA") WAS FOUNDED TO PROVIDE FINANCIAL AND TECHNICAL SUPPORT TO, AND FURTHER THE EDUCATIONAL AND CHARITABLE PURPOSES OF, HEBREW LANGUAGE CHARTER SCHOOLS IN NEW YORK STATE. 0 0 12402774 5432672 FOR THE YEAR ENDED JUNE 30, 2023, THE ORGANIZATION PROVIDED PROGRAMMATIC EXPENSE OF APPROXIMATELY $6,693,280 TO SUPPORT HEBREW LANGUAGE CHARTER SCHOOLS, LOCATED IN BROOKLYN, NY AND HARLEM, NY. SUCH SUPPORT INCLUDED OPERATING FUNDS TO ENABLE THE LEASING OF CLASSROOM SPACE AND THE FURNISHING OF RELATED REPAIRS & MAINTENANCE. 12402774 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 1 0 0 0 1 6 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 2 2 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NY X ELYSE CASTELLANO 6468969478 25 WEST 39TH STREET 7TH FLOOR NEW YORK NY 10018 X JONATHAN ROSENBERG DIRECTOR 1.00 X 0 0 0 ELLY ROSENTHAL TREASURER THRU APRIL 2023 1.00 X X 0 0 0 ELYSE CASTELLANO CHIEF FINANCIAL AND OPERATING OFFICER 1.00 X X 0 0 0 0 0 0 0 0 0 0 147 EQUITIES CO ARTIMUS CONSTRUCTION 316 WEST 118 STREET NEW YORK NY 10026 RENT 1986541 MILL AVENUE DEVELOPMENT 54 REGENTS DRIVE LIDO BEACH NY 11561 RENT 1570296 2 1000 1000 RENTAL INCOME 531120 5432672 5432672 5432672 5433672 5432672 0 0 28510 28510 20500 20500 48706 48706 4602421 4602421 1182219 1182219 703133 703133 104385 99460 4925 LOSS ON EARLY TERMINATI 5709494 5709494 REPAIRS AND OTHER 11409 11409 MISCELLANEOUS -3078 -3078 12407699 12402774 4925 0 2508994 645379 20000 20000 264982 589385 21963076 4384709 18281500 17578367 4704246 54400414 25779722 73233545 267477 183585 12732847 12632406 2794644 2610235 6501595 61298187 22296563 76724413 X 3483159 -3490868 3483159 -3490868 25779722 73233545 -6974027 0 X X 0 1 X 1 0 X 18713 1000 11000 5000 1000 36713 18713 1000 11000 5000 1000 36713 36713 10393 10393 47106 30131203 0.77940 0.88180 X 21771659 4193292 17578367 191417 191417 0 17578367 DEFERRED LEASE RECEIVABLE 334997 SECURITY DEPOSIT 314409 RIGHT-OF-USE ASSETS - OPERATING 53751008 54400414 SECURITY DEPOSITS 199498 LEASE LIABILITIES - OPERATING 61098689 61298187 X 5472722 39050 39050 5433672 0 5433672 12446749 39050 39050 12407699 0 12407699 PART X, LINE 2: THE ORGANIZATION IS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND APPLICABLE STATE REGULATIONS AND ACCORDINGLY, IS EXEMPT FROM FEDERAL AND STATE TAXES ON INCOME. THE ORGANIZATION FILES FORM 990 TAX RETURNS IN THE U.S. FEDERAL JURISDICTION AND IN NEW YORK STATE. WITH FEW EXCEPTIONS, AS OF JUNE 30, 2023, THE ORGANIZATION IS NO LONGER SUBJECT TO U.S. FEDERAL OR STATE INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS ENDED PRIOR TO JUNE 30, 2020. THE TAX RETURNS FOR YEARS ENDED JUNE 30, 2020 THROUGH JUNE 30, 2023 ARE STILL SUBJECT TO POTENTIAL AUDIT BY THE IRS AND TAXING AUTHORITIES IN NEW YORK STATE. MANAGEMENT OF THE ORGANIZATION BELIEVES THEY HAVE NO MATERIAL UNCERTAIN TAX POSITIONS AND, ACCORDINGLY, THEY HAVE NOT RECOGNIZED ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS. FORM 990, PART I, LINE 1: FRIENDS OF HEBREW LANGUAGE ACADEMY CHARTER SCHOOLS, INC., ("FOHLA") WAS FOUNDED TO PROVIDE FINANCIAL AND TECHNICAL SUPPORT TO, AND FURTHER THE EDUCATIONAL AND CHARITABLE PURPOSES OF, HEBREW LANGUAGE CHARTER SCHOOLS IN NEW YORK STATE. FORM 990, PART VI, SECTION A, LINE 2 JONATHAN ROSENBERG, DIRECTOR; AND ELLY ROSENTHAL, CFO THROUGH APRIL 2023; ARE MEMBERS OF HEBREW PUBLIC'S BOARD, ANOTHER 501(C)(3) ENTITY DURING THE YEAR. FORM 990, PART VI, SECTION B, LINE 11B THE 990 WAS REVIEWED AND APPROVED BY THE FINANCE COMMITTEE AND THEN SUBMITTED TO THE BOARD OF DIRECTORS PRIOR TO FILING. IF THE BOARD OF DIRECTORS HAVE ANY QUESTIONS THEY ARE ADDRESSED. FORM 990, PART VI, SECTION B, LINE 12C UPON BEING ELECTED TO THE BOARD AND THEREAFTER ON AN ANNUAL BASIS, AS LONG AS A DIRECTOR REMAINS A MEMBER OF THE BOARD, DIRECTORS SHALL COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE AND ACKNOWLEDGMENT OF SUCH CONFLICT OF INTEREST POLICY. ANY POTENTIAL CONFLICTS, AS DEFINED BY THE POLICY, ARE REQUIRED TO BE REPORTED TO AND ARE VETTED BY THE BOARD. FOHLA'S PRACTICE IS TO HAVE A BOARD MEMBER RECUSE THEMSELVES FROM A VOTE ON A CONTRACT OR TRANSACTION WHERE THERE IS A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION C, LINE 19 THE AUDITED FINANCIALS, GOVERNING DOCUMENTS, AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 2C THE PROCESS IS CONSISTENT WITH PRIOR YEARS. NATIONAL CTR FOR HEBREW LANGUAGE CHARTER SCHOOL EXCELLENCE & DEVELOPMENT IN 25 WEST 39TH STREET 7TH FLOOR NEW YORK NY 10018 264077251 ASSIST CHARTER SCHOOLS THAT TEACH MODERN HEBREW TO CHILDREN OF ALL BACKGROUN NY 501(C)(3) LINE 7 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 NATIONAL CTR FOR HEBREW LANGUAGE CHARTER SCHOOL EXCELLENCE & DEVELOPMENT I D 200000 CASH