2025-05-15T14:52:26-05:00 2024-06-30 333709623 COHNREZNICK ADVISORY LLC 350 CHURCH STREET 12TH FLOOR HARTFORD CT 06103 990 2023-07-01 651203744 ACHIEVEMENT FIRST INC ACHI 2037733223 470 JAMES STREET 007 NEW HAVEN CT 06513 ANDREW BOAS CHAIRMAN 2037733223 2025-05-15 1 1 LAURA KIELCZEWSKI P00740769 9592007000 2025-05-09 2023 2025-03-06 01:10:19Z ANDREW BOAS 470 JAMES STREET 007 NEW HAVEN CT 06513 56613292 0 X WWW.ACHIEVEMENTFIRST.ORG X 2003 CT ACHIEVEMENT FIRST, INC. IS A NON-PROFIT CHARTER SCHOOLS MANAGEMENT ORGANIZATION THAT OPERATES A NETWORK OF K-12 PUBLIC CHARTER SCHOOLS IN CONNECTICUT, RHODE ISLAND, AND NEW YORK. THE NETWORK OF SCHOOLS FOCUSES ON PROVIDING STUDENTS WITH THE ACADEMIC AND CHARACTER SKILLS THEY NEED TO GRADUATE FROM TOP COLLEGES, TO SUCCEED IN A COMPETITIVE WORLD, AND TO SERVE AS THE NEXT GENERATION OF LEADERS OF THEIR COMMUNITIES. 12 12 325 12 0 0 5555473 14643020 32510638 35319277 -97098 11890 3972943 6495223 41941956 56469410 4335379 2913449 0 0 35893540 31911766 0 0 921976 12344952 16285329 52573871 51110544 -10631915 5358866 43942379 91730615 15955383 58384753 27986996 33345862 X ACHIEVEMENT FIRST, INC. IS A NON-PROFIT CHARTER SCHOOLS MANAGEMENT ORGANIZATION THAT OPERATES A NETWORK OF K-12 PUBLIC CHARTER SCHOOLS IN CONNECTICUT, RHODE ISLAND, AND NEW YORK. THE NETWORK OF SCHOOLS FOCUSES ON PROVIDING STUDENTS WITH THE ACADEMIC AND CHARACTER SKILLS THEY NEED TO GRADUATE FROM TOP COLLEGES, TO SUCCEED IN A COMPETITIVE WORLD, AND TO SERVE AS THE NEXT GENERATION OF LEADERS OF THEIR COMMUNITIES. 0 0 41147327 376749 35376853 EDUCATIONAL, FINANCIAL AND MANAGEMENT SERVICES TO CHARTER SCHOOLS IN CONNECTICUT, NEW YORK AND RHODE ISLAND. 2536700 2536700 SCHOOL GRANTS: TO PROVIDE ASSISTANCE TO A NETWORK OF K-12 PUBLIC CHARTER SCHOOLS IN CONNECTICUT, RHODE ISLAND, AND NEW YORK. THE NETWORK OF SCHOOLS FOCUSES ON PROVIDING STUDENTS WITH THE ACADEMIC AND CHARACTER SKILLS THEY NEED TO GRADUATE FROM TOP COLLEGES, TO SUCCEED IN A COMPETITIVE WORLD, AND TO SERVE AS THE NEXT GENERATION OF LEADERS OF THEIR COMMUNITIES. CONTRIBUTIONS, GIFTS, AND GRANTS WERE RECEIVED BY THE ORGANIZATION WHICH WERE USED TO COVER THE EXPENSES OF THESE PROGRAMS. IMPROVEMENT OF EDUCATIONAL EXPERIENCES RELATED TO PREPARATION AND SUCCESS IN COLLEGE, INNOVATION IN ELEMENTARY SCHOOL DESIGN, PARENT AND COMMUNITY ENGAGEMENT AND, SHARING EDUCATIONAL PRACTICES WITH TRADITIONAL PUBLIC AND OTHER CHARTER SCHOOLS. 43684027 1 1 0 1 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 71 0 1 325 1 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY CT RI X ANGELA WEINELL 2037733223 470 JAMES STREET 007 NEW HAVEN CT 06513 ANDREW BOAS CHAIR/ACTING TREASURER 1.00 X X 0 0 0 ARIELA ROZMAN DIRECTOR 1.00 X 0 0 0 CARRIE SCHINDELE DIRECTOR 1.00 X 0 0 0 ELIZABETH ROSE DIRECTOR 1.00 X 0 0 0 GRISELDA RODRIGUEZ-SOLOMON DIRECTOR 1.00 X 0 0 0 JENNIFER MULHERN DIRECTOR 1.00 X 0 0 0 JOHN MOTLEY DIRECTOR 1.00 X 0 0 0 K PERCY BALLAH DIRECTOR 1.00 X 0 0 0 KATIE BALLAH DIRECTOR 1.00 X 0 0 0 VALERIE ROCKEFELLER DIRECTOR 1.00 X 0 0 0 WILLIAM BUCK DIRECTOR 1.00 X 0 0 0 LISA MARGOSIAN CEO 40.00 X 476432 0 4660 NEIL SHAH OUTGOING OUTSOURCED CFO 40.00 X 0 0 0 OMAR MAYYASI OUTSOURCED CFO 1.00 X 0 0 0 BLAKELY SIMONEAU GENERAL COUNSEL 40.00 X 271049 0 5235 CHARMAYNE JOSEPH EXECUTIVE-TEAM REGIONAL SUPERINTENDENT 40.00 X 221841 0 43679 JOHN SHARKEY CHIEF ACADEMIC OFFICER 40.00 X 225905 0 10641 KAROLYN BELCHER SUPERINTENDENT 40.00 X 288627 0 13211 XANTHE JORY CHIEF OPERATING OFFICER 40.00 X 250155 0 37645 1734009 0 115071 139 0 1 0 PSQUARED CONSULTANTS LLC 3202 KEMPWOOD DRIVE SUGAR LAND TX 774791834 CONSULTING SERVICES 290397 ATTUNED EDUCATION PARTNERS LLC 716 VALLEY ROAD MONTCLAIR NJ 07043 CONSULTING SERVICES 204223 COHNREZNICK LLP 350 CHURCH STREET HARTFORD CT 061031136 AUDIT & TAX SERVICES 196761 STACY GILINSON 88 WOODHULL ST APARTMENT 4 BROOKLYN NY 11231 CONSULTING SERVICES 148680 MANGO STRATEGIES LLC 10042 BRIARWILD LN HOUSTON TX 77080 CONSULTING SERVICES 144000 6 14643020 100000 14643020 MANAGEMENT FEE 541610 26511661 26511661 ANCILLARY SCHOOL SERVICES 541610 6538618 6538618 FEDERAL E-RATE FUNDING 541610 1339940 1339940 CHARTER START UP 541610 929058 929058 35319277 155772 155772 6437647 0 6437647 6437647 6437647 1493 142389 -1493 -142389 -143882 -143882 57576 57576 57576 56469410 35376853 0 6449537 2536700 2536700 376749 376749 422500 351185 60771 10544 26775266 22256401 3850139 668726 2462728 2038589 371359 52780 2251272 1863550 339474 48248 100658 79343 20234 1081 62229 49052 12509 668 66750 66750 4861358 3884569 923873 52916 887864 814184 73680 227608 175771 45125 6712 653280 487305 152955 13020 4653084 4511873 141211 814183 705851 97037 11295 211555 196030 15525 2432624 2184181 248443 795 795 SCHOOL PROGRAM SUPPORT 892156 844149 45904 2103 GOVERNANCE, ADVOCACY AN 171148 143935 24102 3111 BAD DEBTS 50000 50000 200037 133815 15450 50772 51110544 43684027 6504541 921976 10692553 11292568 71435 84428 3144842 10102752 91599 91599 1500000 1500000 9071688 2670455 7374937 6007227 1837548 1367710 3062712 44375780 14470002 20245323 43942379 91730615 4104656 3387595 2500 0 8734861 9910987 3113366 45086171 15955383 58384753 X 25696554 28215499 2290442 5130363 27986996 33345862 43942379 91730615 5358866 0 X 0 1 X 1 1 1 X 15153588 33892366 11655683 5555473 14643020 80900130 15153588 33892366 11655683 5555473 14643020 80900130 16388104 64512026 83780 1920788 2838226 6593419 11436213 864796 897745 979127 1209577 57576 4008821 96345164 160495827 0.66960 0.77290 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: CURRICULUM DEVELOPMENT REVENUE - 2019 AMOUNT: $ 864,000. 2020 AMOUNT: $ 864,000. 2021 AMOUNT: $ 924,000. 2022 AMOUNT: $ 936,000. MISCELLANEOUS INCOME - 2019 AMOUNT: $ 796. 2020 AMOUNT: $ 33,745. 2021 AMOUNT: $ 55,127. 2022 AMOUNT: $ 273,577. 2023 AMOUNT: $ 57,576. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 66750 66750 0 PART II-B, LINE 1: THE ORGANIZATION PAYS TRUE NORTH COMMUNCATIONS, ATHENA SOLUTIONS, AND CAPITOL CITY GROUP FOR LOBBYING ACTIVITIES IN SUPPORT OF CHARTER SCHOOLS. 6509692 5664933 844759 83223 48135 35088 782022 294159 487863 1367710 DUE FROM RELATED SCHOOLS 16627032 INSURANCE RESERVE 2052000 CONSTRUCTION IN PROGRESS 1566142 OTHER RECEIVABLES 149 20245323 LEASE LIABILITY 45036171 REFUNDABLE ADVANCES 50000 45086171 X 56469410 0 56469410 0 56469410 51110544 0 51110544 0 51110544 PART X, LINE 2: MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY AF AND HAS CONCLUDED THAT, AS OF JUNE 30, 2024, 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 CONSOLIDATED FINANCIAL STATEMENTS. AF'S FEDERAL INFORMATION RETURNS PRIOR TO FISCAL YEAR 2021 ARE CLOSED AND MANAGEMENT CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS. IF APPLICABLE, AF WOULD RECOGNIZE INTEREST AND PENALTIES ASSOCIATED WITH TAX MATTERS AS PART OF MANAGEMENT AND GENERAL EXPENSES IN THE CONSOLIDATED STATEMENT OF ACTIVITIES AND CHANGES IN NET ASSETS AND INCLUDE ACCRUED INTEREST AND PENALTIES IN ACCRUED EXPENSES IN THE CONSOLIDATED STATEMENT OF FINANCIAL POSITION. AF DID NOT RECOGNIZE ANY INTEREST OR PENALTIES ASSOCIATED WITH TAX MATTERS FOR THE YEAR ENDED JUNE 30, 2024. AF GLENMORE, AF QUEENS, AF WAVERLY AND AF BROOKLYN HAVE BEEN ORGANIZED AS SINGLE MEMBER LIMITED LIABILITY COMPANIES. THEREFORE, THE ENTITIES ARE DISREGARDED FOR TAX PURPOSES. 1 ACHIEVEMENT FIRST BRIDGEPORT ACADEMY 370 JAMES ST STE 404 NEW HAVEN CT 06513 371543858 501(C)(3) 467502 0 TO SUPPORT THE GENERAL OPERATING EXPENSES OF THE SCHOOL. ACHIEVEMENT FIRST HARTFORD ACADEMY 370 JAMES ST STE 404 NEW HAVEN CT 06513 262236909 501(C)(3) 120334 0 TO SUPPORT THE GENERAL OPERATING EXPENSES OF THE SCHOOL. ACHIEVEMENT FIRST RHODE ISLAND INC 370 JAMES ST STE 404 NEW HAVEN CT 06513 461986417 501(C)(3) 1125603 0 TO SUPPORT THE GENERAL OPERATING EXPENSES OF THE SCHOOL. AMISTAD ACADEMY INC 370 JAMES ST STE 404 NEW HAVEN CT 06513 061546695 501(C)(3) 28950 0 TO SUPPORT THE GENERAL OPERATING EXPENSES OF THE SCHOOL. ELM CITY COLLEGE PREPARATORY INC 370 JAMES ST STE 404 NEW HAVEN CT 06513 205196171 501(C)(3) 794311 0 TO SUPPORT THE GENERAL OPERATING EXPENSES OF THE SCHOOL. 5 SCHOLARSHIP 313 376749 FMV SCHOLARSHIP PART I, LINE 2: GRANTS GIVEN TO THE SCHOOLS ARE FOR OPERATING EXPENSES. ACHIEVEMENT FIRST, INC. PLAYS AN OVERSIGHT ROLE FOR EACH SCHOOL IN MONITORING THE USE OF GRANT FUNDS. APPLICATIONS ARE REVIEWED PRIOR TO SCHOLARSHIPS BEING AWARDED, AND THE SCHOLARSHIPS ARE APPLIED DIRECTLY AGAINST STUDENT TUITION. X X 0 0 0 0 0 0 0 1 0 LISA MARGOSIAN CEO 405840 0 69800 0 792 0 2500 0 2160 0 481092 0 0 0 KAROLYN BELCHER SUPERINTENDENT 288111 0 0 0 516 0 0 0 13211 0 301838 0 0 0 XANTHE JORY CHIEF OPERATING OFFICER 237811 0 12068 0 276 0 2500 0 35145 0 287800 0 0 0 BLAKELY SIMONEAU GENERAL COUNSEL 260169 0 10753 0 127 0 2500 0 2735 0 276284 0 0 0 CHARMAYNE JOSEPH EXECUTIVE-TEAM REGIONAL SUPERINTENDE 203468 0 18253 0 120 0 2500 0 41179 0 265520 0 0 0 JOHN SHARKEY CHIEF ACADEMIC OFFICER 215044 0 10753 0 108 0 0 0 10641 0 236546 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 100000 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 DURING THE YEAR THE ORGANIZATION ENGAGED THE SERVICES OF NON-PROFIT FINANCE SOLUTIONS AND CAREY & CO TO FILL THE CFO ROLL. 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, AND A COPY IS 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 THE CONCERNED PARTIES' SALARIES ARE DETERMINED THROUGH COMPARISON TO SIMILAR ORGANIZATIONS AND REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 ALL THESE DOCUMENTS ARE AVAILABLE UPON REQUEST AT NO COST TO THE PUBLIC. THE ORGANIZATION'S FORM 990 IS AVAILABLE BOTH UPON REQUEST AND ON THE WEBSITE WWW.GUIDESTAR.ORG. ACHIEVEMENT FIRST WAVERLY LLC 510 WAVERLY AVE BROOKLYN NY 11238 REAL ESTATE DE 0 0 ACHIEVEMENT FIRST INC AF GLENMORE AVENUE LLC 510 WAVERLY AVE BROOKLYN NY 11238 REAL ESTATE DE 2569741 45936834 ACHIEVEMENT FIRST INC AF QUEENS ES1 LLC 510 WAVERLY AVE BROOKLYN NY 11238 REAL ESTATE DE 1223879 3811914 ACHIEVEMENT FIRST INC ACHIEVEMENT FIRST BROOKLYN HS4 LLC 510 WAVERLY AVE BROOKLYN NY 11238 REAL ESTATE DE 1741187 1728029 ACHIEVEMENT FIRST INC