2019-04-19T08:25:03-05:00 2018-06-30 161092347 MENGEL METZGER BARR & CO LLP 100 CHESTNUT STREET SUITE 1200 ROCHESTER NY 14604 990 2017-07-01 472465564 STAMFORD CHARTER SCHOOL FOR EXCELLENCE INC STAM 2123721000 ONE SCHUYLER AVENUE STAMFORD CT 06902 CHARLENE REID EXECUTIVE DIRECTOR 2123721000 2019-03-21 1 MICHELLE CAIN P00150750 5854231860 2019-03-21 69.49.130.51 2019-03-21 10:21:54 ED P DE8F756557E6DC067C8E4F7CC1E5D7199762286C B71916B53CFA6E67E84010282DE4A57F1C02896E 2017 2019-02-21 02:37:17Z CHARLENE REID ONE SCHUYLER AVENUE STAMFORD CT 06902 3620882 0 X WWW.STAMFORDEXCELLENCE.ORG X 2014 CT THE STAMFORD CHARTER SCHOOL FOR EXCELLENCE PREPARES YOUNG PEOPLE IN STAMFORD, CONNECTICUT TO COMPETE FOR ADMISSION TO AND SUCCEED IN TOP PUBLIC, PRIVATE AND PAROCHIAL HIGH SCHOOLS BY CULTIVATING THEIR INTELLECTUAL, ARTISTIC, SOCIAL, EMOTIONAL AND ETHICAL DEVELOPMENT. 5 5 24 5 0 0 569775 1081797 2053283 2539077 0 8 -672 -811 2622386 3620071 0 0 0 0 1333654 1669121 0 0 33279 1192878 1228479 2526532 2897600 95854 722471 2098079 3454824 762257 1396531 1335822 2058293 THE STAMFORD CHARTER SCHOOL FOR EXCELLENCE PREPARES YOUNG PEOPLE IN STAMFORD, CONNECTICUT TO COMPETE FOR ADMISSION TO AND SUCCEED IN TOP PUBLIC, PRIVATE AND PAROCHIAL HIGH SCHOOLS BY CULTIVATING THEIR INTELLECTUAL, ARTISTIC, SOCIAL, EMOTIONAL AND ETHICAL DEVELOPMENT. 0 0 2553544 2539077 STAMFORD CHARTER SCHOOL FOR EXCELLENCE IS A PUBLIC, CHARTER SCHOOL THAT PROVIDES ELEMENTARY EDUCATION TO ABOUT 273 CHILDREN IN PRE-K THROUGH 3RD GRADE. 2553544 1 1 0 0 0 0 0 0 0 0 1 0 0 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 11 0 24 1 0 0 0 0 0 0 0 0 0 0 X 5 5 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X CHARLENE REID 2123721000 ONE SCHUYLER AVENUE STAMFORD CT 06902 PATRICK BARTH TREASURER 2.00 X X 0 0 0 ROBERT MONSON SECRETARY 2.00 X X 0 0 0 CHRIS SHUMWAY BOARD CHAIR 2.00 X X 0 0 0 DEBRA LOGAN-RABB DIRECTOR 1.00 X 0 0 0 MARGARET DOYLE DIRECTOR 1.00 X 0 0 0 CHARLENE REID - EXEC DIRECTOR EMPLOYEE/2017 W2 OF ECS 1.00 X 397029 0 28773 KEVIN FISCHER PRINCIPAL 50.00 X 185224 0 21818 582253 0 50591 2 0 1 1 MAGNA CONSTRUCTION 30 PIAVE STREET STAMFORD CT 06902 CONSTRUCTION 728176 SACRED HEART CHURCH 37 SCHUYLER AVE STAMFORD CT 06902 RENT 240000 2 13250 1068197 350 1081797 STATE AND LOCAL PER PU 611600 2539077 2539077 2539077 8 8 0 13250 811 -811 -811 3620071 2539077 0 -803 196579 176921 19658 1072824 1000229 72595 1504 1598 -94 318476 295984 22492 79738 73986 5752 28751 26677 2074 108527 108527 32198 29875 2323 3232 3016 216 49365 45795 3570 26629 24708 1921 419702 389426 30276 332789 266231 33279 33279 18803 17446 1357 CURRICULUM AND CLASSROO 91683 91683 0 REPAIRS AND MAINTENANCE 64182 59552 4630 PROFESSIONAL DEVELOPMEN 19984 19431 553 FOOD SERVICES 15768 14631 1137 16866 16355 511 2897600 2553544 310777 33279 569180 550832 5004 755012 272832 140922 43249 58327 2618518 853998 1107814 1764520 100000 185211 2098079 3454824 387759 497878 374498 898653 762257 1396531 X 1335822 2058293 1335822 2058293 2098079 3454824 722471 0 X X 0 1 X 1 0 X 2340024 739233 1600791 159474 73977 85497 119020 40788 78232 1764520 SECURITY DEPOSIT 100000 DUE FROM RELATED PARTY 85211 185211 RESERVE FOR STATE PER PUPIL FUNDING 797640 DUE TO RELATED PARTY 101013 898653 X 3620874 811 811 3620063 8 8 3620071 2898403 811 811 2897592 8 8 2897600 PART X, LINE 2: THE CHARTER SCHOOL 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 CHARTER SCHOOL FILES FORM 990 TAX RETURNS IN THE U.S. FEDERAL JURISDICTION. THE TAX RETURNS FOR THE YEARS ENDED JUNE 30, 2015 THROUGH JUNE 30, 2018 ARE STILL SUGJECT TO POTENTIAL AUDIT BY THE IRS. MANAGEMENT OF THE CHARTER SCHOOL BELIEVES IT HAS NO MATERIAL UNCERTAIN TAX POSITIONS AND, ACCORDINGLY IT WILL NOT RECOGNIZE ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 811. PART XI, LINE 4B - OTHER ADJUSTMENTS: OTHER INCOME 8. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 811. PART XII, LINE 4B - OTHER ADJUSTMENTS: OTHER INCOME 8. 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL DOES NOT EXPLICITLY INCLUDE THEIR RACIALLY NONDISCRIMINATORY POLICY IN ALL OF THEIR COMMUNICATIONS WITH THE PUBLIC. HOWEVER THEIR RACIALLY NONDISCRIMINATORY POLICY IS INCLUDED IN THE SCHOOL'S HANDBOOKS AND ON THEIR WEBSITE. SCHEDULE E, PART I, LINE 6 STATE PER PUPIL FUNDING, NCLB FUNDING, VARIOUS GOVERNMENT GRANTS X X X 0 0 0 0 0 0 0 1 0 CHARLENE REID - EXEC DIRECTOR EMPLOYEE/2017 W2 OF ECS 232502 0 150000 0 14527 0 12114 0 16659 0 425802 0 0 0 KEVIN FISCHER PRINCIPAL 159760 0 25464 0 0 0 7144 0 14674 0 207042 0 0 0 PART I, LINE 7 THE FOLLOWING EMPLOYEE RECEIVED A BONUS BASED ON YEAR END REVIEW BY MEMBERS OF THE BOARD: - KEVIN FISCHER, PRINCIPAL, RECIEVED $25,464 SCHEDULE J, PART II, LINE 1 CHARLENE REID IS AN EMPLOYEE OF EXCELLENCE COMMUNITY SCHOOLS, INC., AN UNRELATED BUT AFFILIATED 501(C)3 ORGANIZATION, AND AN OFFICER OF STAMFORD CHARTER SCHOOL FOR EXCELLENCE, INC. CHARLENE REID RECEIVED A 2017 W2 FROM EXCELLENCE COMMUNITY SCHOOLS, INC AS IT APPEARS ON LINE (I) ABOVE. FORM 990, PART VI, SECTION A, LINE 3 EXCELLENCE COMMUNITY SCHOOLS, INC.("EXCELLENCE"), AN UNRELATED 501(C)(3) ORGANIZATION DEDICATED TO HELPING START AND RUN CHARTER SCHOOLS, PROVIDES ADMINISTRATIVE SUPPORT SERVICES TO THE SCHOOL. EXCELLENCE SUPPORTS THE SCHOOL WITH PROFESSIONAL DEVELOPMENT AND INSTRUCTIONAL SUPPORT. CHARLENE REID IS AN EMPLOYEE OF EXCELLENCE COMMUNITY SCHOOLS, INC. AND AN OFFICER OF STAMFORD CHARTER SCHOOL FOR EXCELLENCE, INC. THE CHARTER SCHOOL DID NOT PAY CHARLENE FOR HER SERVICES AS AN OFFICER. FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE COMMITTEE REVIEWS THE DRAFT 990 BEFORE IT IS FILED. THE ENTIRE FORM 990 IS EMAILED TO ALL BOARD MEMBERS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS DISTRIBUTED TO OFFICERS, BOARD MEMBERS AND KEY EMPLOYEES ANNUALLY. AFTER REVIEWING, BOARD MEMBERS AND KEY EMPLOYEES FILL OUT ANNUAL CONFLICT OF INTEREST CERTIFICATION FORMS IN WHICH THEY DISCLOSE ANY CONFLICTS OF INTEREST AND PROHIBITED EXCESS BENEFIT TRANSACTIONS. THE EXECUTIVE ASSISTANT TO THE EXECUTIVE DIRECTOR IS RESPONSIBLE FOR ENSURING THAT ALL BOARD MEMBERS AND KEY EMPLOYEES COMPLETE THEIR FORMS AND FOR REVIEWING THE EXECUTED FORMS FOR ANY PROBLEMATIC CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF TRUSTEES APPROVES THE SALARY FOR THE PRINCIPAL. THE COMPENSATION FOR THESE POSITIONS MUST TAKE INTO CONSIDERATION THE CANDIDATE OR EMPLOYEE'S YEARS OF EXPERIENCE AND HIS OR HER ABILITY TO MEET THE STANDARDS SET BY BCSE FOR THE POSITION. ONCE THE SALARY IS SET, SUBSEQUENT INCREASES GENERALLY FOLLOW INCREASES AFFORDED TO THE REST OF THE STAFF. ACKNOWLEDGEMENT OF EXTRAORDINARY PERFORMANCE ARE RECOGNIZED THROUGH BONUSES. THE BOARD USES APPLICABLE COMPENSATION SURVEYS LIKE AND 990'S FOR NON PROFITS OF SIMILAR SIZE AND COMPLEXITY. THIS CROSS COMPARISON PROVIDES SOME BROADER PERSPECTIVE TO ACCOUNT FOR THE EMERGENCE IN CHARTER SCHOOLS OF MORE STABLE AND SEASONED SENIOR STAFF. THE COMPENSATION FOR OTHER MANAGEMENT POSITIONS WILL BE REVIEWED AND APPROVED BY THE EDUCATION COMMITTEE AS FOLLOWS: 1. THE EDUCATION COMMITTEE REVIEWS AND APPROVES THE ORGANIZATIONAL CHART OF THE SCHOOL ESTABLISHING LINES OF ACCOUNTABILITY. 2. THE EDUCATION COMMITTEE VERIFIES THE EVALUATION PROCESSES AND PERFORMANCE REVIEW PROCEDURES. 3. THE EXECUTIVE DIRECTOR REVIEWS COMPARATIVE SALARY INFORMATION OR OTHER COMPARABLE RESEARCH USING 990'S TO ENSURE THAT THE SALARY STRUCTURE OF STAMFORD CHARTER SCHOOL FOR EXCELLENCE, INC. CONTINUES TO ATTRACT AND MAINTAIN QUALITY EMPLOYEES. 4. THE FINANCE COMMITTEE AND BOARD OF TRUSTEES APPROVES COMPENSATION FOR THE "KEY EMPLOYEES/HIGHEST COMPENSATED INDIVIDUALS" BASED ON RECOMMENDATIONS MADE BY THE EXECUTIVE DIRECTOR AND PRINCIPAL. 5. CONTEMPORANEOUS SUBSTANTIATION AND RECORDKEEPING FOR DELIBERATION AND DECISION REGARDING THE COMPENSATION ARRANGEMENT WAS MADE. FORM 990, PART VI, SECTION C, LINE 18 SCSE MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 SCSE MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS IS CONSISTENT WITH PRIOR YEAR.