2025-05-15T18:41:05-05:00 2024-06-30 331374517 PKF O'CONNOR DAVIES ADVISORY LLC 300 TICE BOULEVARD SUITE 315 WOODCLIFF LAKE NJ 07677 990 2023-07-01 821362909 STUDY GROUP SOLUTIONS INC FRIE 8778295500 44 COURT STREET 1217 BROOKLYN NY 11201 SHERYL GOMEZ CFOO 8778295500 2025-05-15 1 1 SACHA RICHARDS P01378509 2017129800 2025-05-14 2023 2025-03-06 01:10:19Z X X NOAH RADFORD 44 COURT STREET 1217 BROOKLYN NY 11201 6235021 0 X N/A X 2017 NY THE STUDY GROUP'S PURPOSE IS TO ADVANCE THE BEST ASSESSMENT, DATA, AND ARTIFICIAL INTELLIGENCE PRACTICE, TECHNOLOGY, AND POLICY; UNCOVER FUTURE DESIGN NEEDS AND OPPORTUNITIES FOR EDUCATIONAL AND WORKFORCE SYSTEMS: AND GENERATE RECOMMENDATIONS TO BETTER MEET THE NEEDS OF STUDENTS, WORKERS, FAMILIES, AND EDUCATORS. 5 5 2 5 0 0 100000 150000 6084970 6084970 0 51 0 0 6184970 6235021 0 1170000 0 0 417733 411451 0 0 22066 4840015 5389802 5257748 6971253 927222 -736232 43077794 1493005 44927134 190985 -1849340 1302020 X THE STUDY GROUP'S PURPOSE IS TO ADVANCE THE BEST ASSESSMENT, DATA, AND ARTIFICIAL INTELLIGENCE PRACTICE, TECHNOLOGY, AND POLICY; UNCOVER FUTURE DESIGN NEEDS AND OPPORTUNITIES FOR EDUCATIONAL AND WORKFORCE SYSTEMS: AND GENERATE RECOMMENDATIONS TO BETTER MEET THE NEEDS OF STUDENTS, WORKERS, FAMILIES, AND EDUCATORS. 0 0 5976249 1170000 6084970 TO ADVANCE THE BEST OF ASSESSMENT, DATA, AND ARTIFICIAL INTELLIGENCE PRACTICE, TECHNOLOGY, AND POLICY; UNCOVER FUTURE DESIGN NEEDS AND OPPORTUNITIES FOR EDUCATIONAL AND WORKFORCE SYSTEMS; AND GENERATE RECOMMENDATIONS TO BETTER MEET THE NEEDS OF STUDENTS, WORKERS, FAMILIES, AND EDUCATORS. 5976249 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 18 0 2 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 1 0 0 0 0 1 0 0 0 0 1 1 1 1 1 1 1 0 NY X X NOAH RADFORD 8778295500 240 JAY STREET BROOKLYN NY 11201 NOAH RAFORD CHAIR 1.00 X X 0 0 0 JEREMIAH KITTREDGE TREASURER 1.00 X X 0 0 0 KATE COCHRAN SECRETARY 1.00 X X 0 0 0 TRICIA FORREST BOARD MEMBER 1.00 X 0 0 0 MARC WALLENSTEIN BOARD MEMBER 1.00 X 0 0 0 ERIC TUCKER CEO 40.00 X 203082 0 847 SHERYL GOMEZ CFOO 40.00 X 172380 0 847 375462 0 1694 2 0 1 0 GIBSON DUNN & CRUTCHER LLP 200 PARK AVENUE NEW YORK NY 101660193 LEGAL SERVICES 136013 1 150000 150000 PROGRAM RELATED RENTAL 531120 6084970 6084970 6084970 51 51 6235021 6084970 0 51 1170000 1170000 384094 268865 96024 19205 27357 19350 6639 1368 324393 324393 43000 43000 133563 118131 15115 317 24376 22024 1176 1176 3964320 3541304 423016 624197 561777 62420 REPAIRS AND MAINTENANCE 265804 265804 BAD DEBTS 9691 8994 697 MISCELLANEOUS 458 458 6971253 5976249 972938 22066 4194233 1216583 275051 75000 49280 971 2868 2468 7280208 400 31479073 0 43077794 1493005 61012 190985 506696 0 44359426 0 44927134 190985 X -1924340 1302020 75000 0 -1849340 1302020 43077794 1493005 X -736232 3887592 X X 0 1 X 0 0 X 301562 76010 100000 150000 627572 4242987 4242987 4242987 6084970 6084970 24898901 4544549 4318997 4242987 6184970 6234970 25526473 0 0 0 25526473 1648 241 232 51 2172 1648 241 232 51 2172 2250000 2250000 4546197 6569238 4243219 6184970 6235021 27778645 0.91890 0.91660 0.00010 0.00010 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: INSURANCE RECOVERY REVENUE - 2020 AMOUNT: $ 2,250,000. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2868 2468 400 400 X 10153034 30421 3887592 3918013 6235021 0 6235021 7001674 30421 30421 6971253 0 6971253 PART X, LINE 2: THE ORGANIZATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE ORGANIZATION HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE ORGANIZATION IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR THE YEARS PRIOR TO JUNE 30, 2021. PART XI, LINE 2D - OTHER ADJUSTMENTS: GAIN ON TRANSFER OF LEASE AND WRITE OFF NET PAYABLE TO RELATED PARTY 3,887,592. 1 BROOKLYN LABORATORY CHARTER SCHOOL 77 SANDS STREET BROOKLYN NY 11201 464341617 501C3 1135000 0 SERVE, ENHANCE, AND FACILITATE BROOKLYN LABORATORY CHARTER SCHOOLS' PROJECTS TEACHERS COLLEGE COLUMBIA UNIVERSITY 525 W 120TH STREET NEW YORK NY 10027 131624202 501C3 35000 0 SERVE, ENHANCE, AND FACILITATE DR. EDMUND W. GORDON'S INTELLECTIVE PROJECTS 2 PART I, LINE 2: THE ORGANIZATION MAINTAINS A DETAILED SYSTEM FOR TRACKING AND MONITORING GRANT EXPENSES. ALL GRANT-RELATED EXPENSES ARE TAGGED TO THE APPROPRIATE DONOR WITHIN THE ORGANIZATION'S ACCOUNTING SYSTEM (QUICKBOOKS) TO ENSURE ACCURATE ALLOCATION AND REPORTING. MONTHLY GRANT EXPENDITURE REPORTS ARE PREPARED AND REVIEWED BY THE CHIEF EXECUTIVE OFFICER (CEO) TO MONITOR COMPLIANCE WITH GRANT TERMS AND VERIFY APPROPRIATE USE OF FUNDS. IN ADDITION, FINAL GRANT REPORTS, SUMMARIZING BOTH FINANCIAL AND PROGRAMMATIC OUTCOMES, ARE PREPARED AND SUBMITTED TO THE GRANTOR IN ACCORDANCE WITH EACH GRANT'S REPORTING REQUIREMENTS. X X 0 0 0 0 0 0 0 0 0 ERIC TUCKER CEO 203082 0 0 0 0 0 0 0 847 0 203929 0 0 0 SHERYL GOMEZ CFOO 172380 0 0 0 0 0 0 0 847 0 173227 0 0 0 FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION'S LEGAL NAME WAS CHANGED FROM FRIENDS OF BROOKLYN LABORATORY CHARTER SCHOOLS INC. TO STUDY GROUP SOLUTIONS INC. THESE CHANGES WERE PROPERLY APPROVED BY THE BOARD OF DIRECTORS AND FILED WITH THE APPROPRIATE STATE AUTHORITIES. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZAITON HAD NO COMMITTEES IN PLACE IN FISCAL YEAR 2024. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND IS REVEIWED BY MANAGEMENT. A COMPLETE COPY OF THE FORM 990 IS DISTRIBUTED TO THE BOARD OF TRUSTEES AFTER THE FORM 990 IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION SHALL NOT ENGAGE IN ANY RELATED PARTY TRANSACTION EXCEPT AS APPROVED BY THE BOARD. IN MAKING A DETERMINATION AS TO WHETHER TO ENGAGE IN A RELATED PARTY TRANSACTION, THE BOARD MUST DETERMINE IF THE TRANSACTION IS FAIR, REASONABLE AND IN THE BEST INTERESTS OF THE ORGANIZATION (AT THE TIME OF SUCH DETERMINATION). IF AT ANY TIME DURING HIS OR HER TERM OF SERVICE, A DIRECTOR, OFFICER OR KEY EMPLOYEE HAS KNOWLEDGE THAT A RELATED PARTY HAS A FINANCIAL INTEREST OR THERE EXISTS A POTENTIAL RELATED PARTY TRANSACTION, THAT FINANCIAL INTEREST OR POTENTIAL RELATED PARTY TRANSACTION MUST BE PROMPTLY DISCLOSED IN WRITING TO EACH MEMBER OF THE BOARD, TOGETHER WITH ALL MATERIAL FACTS KNOWN TO SUCH PERSON ABOUT SUCH FINANCIAL INTEREST OR POTENTIAL RELATED PARTY TRANSACTION. DIRECTORS, OFFICERS AND KEY EMPLOYEES SHALL ALSO PROMPTLY DISCLOSE TO THE BOARD ANY OTHER POTENTIAL CONFLICT OF INTEREST THAT MAY ARISE. SUCH DISCLOSURE MUST BE MADE TO THE BOARD AS SOON AS SUCH INDIVIDUAL IS MADE AWARE OF THE POTENTIAL CONFLICT OF INTEREST. EACH DIRECTOR, OFFICER, AND KEY EMPLOYEE SHALL ALSO ANNUALLY SIGN AND SUBMIT TO THE SECRETARY OF THE ORGANIZATION A STATEMENT WHICH AFFIRMS SUCH PERSON: (A) HAS RECEIVED A COPY OF THIS POLICY, (B) HAS READ AND UNDERSTANDS THE POLICY, AND (C) HAS AGREED TO COMPLY WITH THE POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION FOR THE CEO IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS USES COMPARABLE SALARIES OF SIMILAR POSITIONS AT SIMILAR ORGANIZATIONS TO ASSIST IN THEIR DECISION MAKING. THE DELIBERATIONS AND DECISION ARE CONTEMPORANEOUSLY DOCUMENTED. FORM 990, PART VI, SECTION B, LINE 15B THE COMPENSATION FOR THE CFO IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS USES COMPARABLE SALARIES OF SIMILAR POSITIONS AT SIMILAR ORGANIZATIONS TO ASSIST IN THEIR DECISION MAKING. THE DELIBERATIONS AND DECISION ARE CONTEMPORANEOUSLY DOCUMENTED. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. THE RETURN IS POSTED ON GUIDESTAR.ORG. IN ADDITION, THE FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, ARTICLES OF INCORPORATION AND BY-LAWS ARE ALSO AVAILABLE UPON WRITTEN REQUEST. FORM 990, PART XI, LINE 9: GAIN ON TRANSFER OF LEASE AND WRITE OFF NET PAYABLE TO RELATED PARTY 3,887,592. FORM 990, PART XII, LINE 2C : THE BOARD ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS DID NOT CHANGE FROM THE PRIOR YEAR.