2022-05-16T22:59:39-05:00 2021-06-30 271728945 PKF O'CONNOR DAVIES LLP 245 PARK AVENUE 12TH FLOOR NEW YORK NY 10167 990 2020-07-01 821362909 FRIENDS OF BROOKLYN LABORATORY CHARTER SCHOOLS INC FRIE 8778295500 240 JAY STREET BROOKLYN NY 11201 ERIC TUCKER CHAIR 8778295500 2022-05-16 1 ERIC TUCKER 999009999 GARRETT M HIGGINS P00543209 2122862600 2022-05-16 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z NOAH RADFORD 240 JAY STREET BROOKLYN NY 11201 6569238 0 X N/A X 2017 NY THE ORGANIZATION'S PURPOSE IS TO SUPPORT THE OPERATION OF BROOKLYN LABORATORY CHARTER SCHOOLS, INC. BY MANAGING THE SCHOOLS' REAL ESTATE AND FACILITIES-RELATED NEEDS, AND BY RAISING FUNDS AND RESOURCES THAT WILL ENABLE THE CORPORATION TO PROVIDE SUPPORT TO THE SCHOOLS TO ENHANCE THE EXPERIENCE OF THE SCHOOLS' STUDENTS. 5 5 9 6 0 0 301562 76010 4242987 4242987 1648 241 0 2250000 4546197 6569238 0 0 0 0 121889 151217 0 0 7000 5406277 6100848 5528166 6252065 -981969 317173 14950559 20397240 15586711 20729807 -636152 -332567 X THE ORGANIZATION'S PURPOSE IS TO SUPPORT THE OPERATION OF BROOKLYN LABORATORY CHARTER SCHOOLS, INC. BY MANAGING THE SCHOOLS' REAL ESTATE AND FACILITIES-RELATED NEEDS, AND BY RAISING FUNDS AND RESOURCES THAT WILL ENABLE THE CORPORATION TO PROVIDE SUPPORT TO THE SCHOOLS TO ENHANCE THE EXPERIENCE OF THE SCHOOLS' STUDENTS. 0 0 5549772 4242987 PROVIDED SUPPORT TO THE OPERATIONS OF BROOKLYN LABORATORY CHARTER SCHOOLS, INC. 5549772 1 1 0 0 0 0 0 0 0 0 1 0 0 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 0 0 0 0 0 0 1 26 0 9 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 0 0 0 NY X X ORGANIZATION 8778295500 240 JAY STREET BROOKLYN NY 11201 X NOAH RAFORD CHAIR 1.00 X X 0 0 0 ROSALYN CURATO TREASURER 1.00 X X 0 0 0 KATE COCHRAN SECRETARY 1.00 X X 0 0 0 OLATOKUMBO SHOBOWALE BOARD MEMBER 1.00 X 0 0 0 ERIC TUCKER BOARD MEMBER (THRU JULY 2020) 2.00 X 0 0 0 GARY WOOD BOARD MEMBER 1.00 X 0 0 0 0 0 0 0 0 0 0 0 76010 76010 PROGRAM RELATED RENTAL 531120 4242987 4242987 4242987 241 241 INSURANCE RECOVERY REVENUE 900099 2250000 2250000 2250000 6569238 4242987 0 2250241 X 123099 103397 16418 3284 18110 12677 4527 906 10008 7006 2502 500 15065 15065 42688 42688 833116 753668 79106 342 238900 221834 17066 39456 34137 3422 1897 3722356 3350120 372236 537440 483696 53744 623642 561278 62364 1426 1283 72 71 MISCELLANEOUS 39440 13357 26083 CLASSROOM MATERIALS 7319 7319 6252065 5549772 695293 7000 1217759 9113548 241137 241378 120000 62000 959157 130 319719 319719 10273912 1753345 9139789 8520567 2952998 2139898 14950559 20397240 74513 478349 0 3385260 7449064 7092196 8063134 9774002 15586711 20729807 X -1223899 -378467 587747 45900 -636152 -332567 14950559 20397240 X 317173 -13588 X 0 0 0 X 1300806 301562 76010 1678378 1300806 301562 76010 1678378 1343596 334782 1648 241 1889 2250000 2250000 3930267 13859760 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: INSURANCE RECOVERY REVENUE - 2020 AMOUNT: $ 2,250,000. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10272243 1753067 8519176 1669 278 1391 8520567 SECURITY DEPOSIT 319719 DEFERRED RENT 1820179 2139898 DEFERRED RENT 7042936 PAYABLE TO THE BLAB CHARTER SCHOOLS 1000000 DUE TO BLAB 1731066 9774002 FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZAITON HAD NO COMMITTEES IN PLACE IN FISCAL YEAR 2021. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND IS REVEIWED BY MANAGEMENT. ONCE THIS REVIEW IS COMPLETED, A COMPLETE COPY OF THE FORM 990 IS DISTRIBUTED TO THE BOARD OF TRUSTEES FOR REVIEW. ANY ISSUES RAISED BY ANY MEMBER OF THE BOARD OF TRUSTEES ARE ADDRESSED, AND ONCE RESOLVED, 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 C, LINE 19 UPON REQUEST, THE ORGANIZAITON MAKES AVAILABLE TO THE PUBLIC ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY. FORM 990, PART IX, LINE 11G PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 92,662. MANAGEMENT AND GENERAL EXPENSES 5,661. FUNDRAISING EXPENSES 342. TOTAL EXPENSES 98,665. OTHER PURCHASED SERVICES: PROGRAM SERVICE EXPENSES 661,006. MANAGEMENT AND GENERAL EXPENSES 73,445. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 734,451. FORM 990, PART XI, LINE 9: OTHER CHANGES IN BEGINNING NET ASSETS -13,588.