2019-05-21T16:21:17-05:00 2018-06-30 271728945 PKF O'CONNOR DAVIES LLP 665 FIFTH AVENUE NEW YORK NY 10022 990 2017-07-01 464341617 BROOKLYN LABORATORY CHARTER SCHOOL INC BROO 3475938369 240 JAY STREET BROOKLYN NY 11201 ERIC M TUCKER EXECUTIVE DIRECTOR 3474298439 2019-05-21 1 GARRETT M HIGGINS P00543209 2122862600 2019-05-21 4.15.211.182 2019-05-21 14:37:10 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 B29914CEB47F2C50F9800CDE5B5AE22990D509AB 2017 2019-02-21 02:37:17Z ERIC M TUCKER 240 JAY STREET BROOKLYN NY 11201 18596347 0 X WWW.BROOKLYNLABORATORYSCHOOL.ORG X 2013 NY BROOKLYN LABORATORY CHARTER SCHOOL (LAB) PREPARES STUDENTS, INCLUDING ENGLISH LANGUAGE LEARNERS, STUDENTS WITH DISABILITIES, AND OVER-AGE UNDER-CREDITED STUDENTS, WITH THE ACADEMIC FOUNDATION, DIGITAL LITERACY, AND LEADERSHIP SKILLS NECESSARY TO EXCEL IN COLLEGE AND PROFESSIONAL LIFE AS THEY GROW AS ETHICAL LEADERS. 8 8 143 8 0 37429 2021813 3673136 9126535 14917263 2202 5948 24441 0 11174991 18596347 0 0 0 0 4277416 6935594 0 0 0 4925834 7826643 9203250 14762237 1971741 3834110 8251142 13463206 4649890 5910093 3601252 7553113 X BROOKLYN LABORATORY CHARTER SCHOOL (LAB) PREPARES STUDENTS, INCLUDING ENGLISH LANGUAGE LEARNERS, STUDENTS WITH DISABILITIES, AND OVER-AGE UNDER-CREDITED STUDENTS, WITH THE ACADEMIC FOUNDATION, DIGITAL LITERACY, AND LEADERSHIP SKILLS NECESSARY TO EXCEL IN COLLEGE AND PROFESSIONAL LIFE AS THEY GROW AS ETHICAL LEADERS. 0 0 13194877 14917263 EXPENSES DIRECTLY ASSOCIATED WITH THE OPERATIONS OF THE CHARTER SCHOOL AND THE RELATED EDUCATIONAL COSTS. FOR THE 2017-2018 SCHOOL YEAR, WE SERVED APPROXIMATELY 606 STUDENTS IN GRADES SIXTH, SEVENTH, AND EIGHTH. 13194877 1 1 0 0 0 0 0 0 0 0 1 0 1 1 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 10 0 143 1 1 1 0 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X ERIC M TUCKER 3474298439 240 JAY STREET BROOKLYN NY 11201 MICKEY REVENAUGH CHAIR 1.00 X X 0 0 0 COREY SCHOLES VICE CHAIR 1.00 X X 0 0 0 ANDREW EPSTEIN TREASURER 2.00 X X 0 0 0 ADRIEN SIEGFRIED SECRETARY 1.00 X X 0 0 0 WALTER LOUGHLIN TRUSTEE 1.00 X 0 0 0 GARY WOOD TRUSTEE 1.00 X 0 0 0 NADINE AUGUSTA TRUSTEE 1.00 X 0 0 0 TOKUMBO SHOBOWALE TRUSTEE 1.00 X 0 0 0 ERIC M TUCKER EXECUTIVE DIRECTOR 60.00 X 167411 0 40798 167411 0 40798 1 0 1 0 INNOVATEEDU INC 230 ASHLAND PLACE STE 19C BROOKLYN NY 11217 EDUCATIONAL SERVICES 958732 JAB ASSOCIATES 99 MADISON AVE NEW YORK NY 10016 ARCHITECTURAL SERVICES 761973 REVOLUTION FOODS 50-60 PARKWAY PLACE EDISON NJ 08837 FOOD SERVICES 327382 AKA STUDIO LLC 372 BROAD STREET STE 4 BLOOMFIELD NJ 07003 ARCHITECTURAL SERVICES 231890 SPROUT LLC 1669 EAST NEW YORK AVENUE BROOKLYN NY 11212 ARCHITECTURAL SERVICES 175000 8 733588 2939548 4450 3673136 GOV'T PER-PUPIL REV. 611000 11925869 11925869 GOV'T PER-PUPIL FACILITIES FUNDIN 611000 2991394 2991394 14917263 5948 5948 18596347 14917263 0 5948 X 213698 149589 64109 5569368 5044649 524719 27090 26375 715 554315 504716 49599 571123 513769 57354 159673 143638 16035 167054 167054 15250 15250 1579610 1420980 158630 170083 153003 17080 463385 434320 29065 163567 147141 16426 2843506 2557952 285554 29437 26480 2957 291 262 29 195036 175450 19586 798168 718013 80155 72660 65363 7297 FOOD SERVICES 368302 368302 STAFF DEVELOPMENT 296683 266890 29793 STUDENT SERVICES 245456 245456 REPAIRS AND MAINTENANCE 242665 218295 24370 15817 14234 1583 14762237 13194877 1567360 0 1439952 2142458 1738750 2007507 346534 1722774 26273 127241 242275 516279 5877406 1126887 3057639 4750519 1407639 1399719 788789 8251142 13463206 468217 1322058 347035 3376177 2962883 805496 1278117 4649890 5910093 X 2201252 7553113 1400000 0 3601252 7553113 8251142 13463206 X 3834110 117751 X X 0 1 X 1 0 X 4645821 691111 3954710 774370 253462 520908 457215 182314 274901 4750519 LOAN TO FRIENDS OF BROOKLYN LAB 1407639 C 1407639 SECURITY DEPOSITS 400494 RESTRICTED CASH 388295 788789 DEFERRED RENT 992120 DUE TO INNOVATEEDU 285997 1278117 X 18828663 114565 117751 232316 18596347 0 18596347 14876802 114565 114565 14762237 0 14762237 PART X, LINE 2: THE SCHOOL RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE SCHOOL HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. ALL RETURNS FILED BY THE SCHOOL ARE SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: WRITE OFF OF IRA ACCRUAL 117,751. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 AS A PUBLIC SCHOOL, SUBJECT TO OPEN ENROLLMENT, THE CHARTER SCHOOL IS NOT SUBJECT TO THE SPECIFIC GUIDELINES SET FORTH IN REV. PROC. 75-50. SCHEDULE E, PART I, LINE 6 THE SCHOOL RECEIVES PER-PUPIL FUNDING FROM THE NYC BOARD OF EDUCATION UNDER THEIR CHARTER AGREEMENT. THE SCHOOL ALSO RECEIVES VARIOUS FEDERAL, STATE, AND CITY FUNDS INCLUDING FEDERAL ENTITLEMENTS AND CHARTER SCHOOL PROGRAM (CSP) TO ASSIST WITH COVERING THE COST OF CERTAIN PROGRAMS. X X 0 0 0 0 0 0 0 0 0 ERIC M TUCKER EXECUTIVE DIRECTOR 167411 0 0 0 0 0 10399 0 30399 0 208209 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY MANAGEMENT AND THE FINANCE AND AUDIT COMMITTEE OF THE BOARD OF TRUSTEES FOR APPROVAL. IF CHANGES ARE REQUIRED THE SCHOOL WILL THEN FORWARD TO THE AUDITING FIRM AND A FINAL VERSION WILL BE DISTRIBUTED TO ALL BOARD MEMBERS PRIOR TO THE IRS SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS APPLICABLE TO ALL TRUSTEES, OFFICERS AND KEY EMPLOYEES. AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF ANY POTENTIAL OR ACTUAL CONFLICT OF INTERESTS TO THE BOARD OR COMMITTEE. AFTER THE INTERESTED PERSON DISCLOSES ALL MATERIAL FACTS, THE INDIVIDUAL SHALL LEAVE THE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE BOARD MINUTES OF THE MEETING SHALL DISCLOSE THE NAME OF THE INTERESTED PERSON, THE CONFLICT OF INTEREST, THE NAMES OF THE INDIVIDUALS AT THE MEETING, AND THE RESULT OF THE VOTE HELD BY THE BOARD OR COMMITTEE. ANNUALLY, ALL INTERESTED PERSONS SHALL SIGN A STATEMENT OF AFFIRMATION STATING THAT THEY HAVE RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, AND AGREE TO ABIDE BY IT. FORM 990, PART VI, SECTION B, LINE 15A THE PROCESS FOR DETERMINING COMPENSATION FOR THE ORGANIZATION'S EXECUTIVE DIRECTOR, AND KEY EMPLOYEES (IF ANY) INCLUDES THE USE OF COMPARABLE DATA SUCH AS THE FORM 990 OF OTHER ORGANIZATIONS. THE BOARD OF TRUSTEES REVIEWS THE COLLECTED DATA AND VOTES ON THE COMPENSATION. THE PROCESS LAST OCCURRED IN 2018, AND IS DOCUMENTED IN THE MINUTES OF THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST, THE SCHOOL MAKES AVAILABLE TO THE PUBLIC ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS. FORM 990, PART IX, LINE 11G PAYROLL SERVICE FEE: PROGRAM SERVICE EXPENSES 13,277. MANAGEMENT AND GENERAL EXPENSES 1,482. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 14,759. ADMIN & TEMP STAFFING: PROGRAM SERVICE EXPENSES 20,863. MANAGEMENT AND GENERAL EXPENSES 2,329. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 23,192. EDUCATIONAL SERVICE: PROGRAM SERVICE EXPENSES 914,051. MANAGEMENT AND GENERAL EXPENSES 102,039. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,016,090. CONSULTANT EXPENSES: PROGRAM SERVICE EXPENSES 363,982. MANAGEMENT AND GENERAL EXPENSES 40,633. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 404,615. OTHER PURCHASED SERVICES: PROGRAM SERVICE EXPENSES 108,807. MANAGEMENT AND GENERAL EXPENSES 12,147. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 120,954. FORM 990, PART XI, LINE 9: WRITE OFF OF IRA ACCRUAL 117,751. FORM 990, PART XII, LINE 2C: THE FINANCE COMMITTEE IS RESPONSIBLE FOR OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS AND SELECTION OF THE INDEPENDENT AUDITORS. THIS PROCESS HAS NOT CHANGED FROM PRIOR YEAR. LATE FILED RETURN DUE TO CCH SOFTWARE OUTAGE