2018-05-11T07:31:38-05:00 2017-06-30 161092347 MENGEL METZGER BARR & CO LLP 100 CHESTNUT STREET SUITE 1200 ROCHESTER NY 14604 990 2016-07-01 472465564 STAMFORD CHARTER SCHOOL FOR EXCELLENCE INC STAM 2123721000 ONE SCHUYLER AVENUE STAMFORD CT 06902 CHARLENE REID EXECUTIVE DIRECTOR 2123721000 2018-05-09 1 MICHELLE CAIN P00150750 5854231860 2018-05-09 2016 2022-09-23 18:48:47Z CHARLENE REID ONE SCHUYLER AVENUE STAMFORD CT 06902 2623058 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. 4 4 20 8 0 0 1406285 569775 1804000 2053283 1 0 734 -672 3211020 2622386 0 0 0 0 1001043 1333654 0 0 0 1069461 1192878 2070504 2526532 1140516 95854 1622989 2098079 383021 762257 1239968 1335822 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 2194071 2053283 STAMFORD CHARTER SCHOOL FOR EXCELLENCE IS A PUBLIC, CHARTER SCHOOL THAT PROVIDES ELEMENTARY EDUCATION TO ABOUT 166 CHILDREN IN PRE-K THROUGH 2ND GRADE. 2194071 1 1 0 0 0 0 0 0 0 0 1 0 0 0 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 1 20 1 0 0 0 0 0 0 0 0 0 0 X 4 4 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 KATHY LATHEN VICE CHAIR 2.00 X X 0 0 0 MICHAEL STERN 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 CHARLENE REID-EXECUTIVE DIRECTOR EMPLOYEE/2016 W2 OF BCSE AND ECS 1.00 X 335683 0 26239 KEVIN FISCHER PRINCIPAL 50.00 X 151171 0 21709 486854 0 47948 2 0 1 1 SACRED HEART CHURCH 37 SCHUYLER AVE STAMFORD CT 06902 RENT 240000 1 14000 290775 265000 569775 STATE AND LOCAL PER PU 611600 2053283 2053283 2053283 0 14000 672 -672 -672 2622386 2053283 0 -672 161868 145462 16406 913448 817501 95947 13149 11698 1451 178273 158597 19676 66916 59530 7386 9897 8804 1093 90661 90661 249370 235569 13801 1782 1782 27191 24189 3002 382103 339930 42173 295565 266008 29557 19090 16983 2107 CURRICULUM AND CLASSROO 40713 39057 1656 REPAIRS AND MAINTENANCE 31614 28125 3489 FOOD SERVICES 27125 24132 2993 PROFESSIONAL DEVELOPMEN 9108 8882 226 8659 7822 837 2526532 2194071 332461 0 12489 569180 5003 5004 36574 272832 582 43249 1629024 521210 1183341 1107814 385000 100000 1622989 2098079 383021 387759 0 374498 383021 762257 X 1239968 1335822 1239968 1335822 1622989 2098079 95854 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1287954 451977 835977 132334 44777 87557 208736 24456 184280 1107814 RESERVE FOR STATE PER PUPIL FUNDING 333717 DUE TO RELATED PARTY 40781 374498 X 2623058 672 672 2622386 0 2622386 2527204 672 672 2526532 0 2526532 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, 2017 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: DIRECT FUNDRAISING EXPENSES 672. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES 672. 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-EXECUTIVE DIRECTOR EMPLOYEE/2016 W2 OF BCSE AND ECS 235683 0 100000 0 0 0 11935 0 14304 0 361922 0 0 0 KEVIN FISCHER PRINCIPAL 127671 0 23500 0 0 0 7038 0 14671 0 172880 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 $23,500 SCHEDULE J, PART II, LINE 1 (I) 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 WAS AN EMPLOYEE OF BRONX CHARTER SCHOOL FOR EXCELLENCE, AN UNRELATED BUT AFFILIATED 501(C)3 CHARTER SCHOOL, UNTIL 7/1/16 WHEN SHE WAS TRANSFERRED TO EXCELLENCE COMMUNITY SCHOOLS, INC. THEREFORE, CHARLENE REID RECEIVED A 2016 W2 FROM BOTH BRONX CHARTER SCHOOL FOR EXCELLENCE AND EXCELLENCE COMMUNITY SCHOOLS, INC. THE AMOUNT PAID TO CHARLENE REID BY EXCELLENCE COMMUNITY SCHOOLS, INC. INCLUDED IN LINE (I) FOR THE CALENDAR YEAR WAS $119,195. THE REMAINING AMOUNT INCLUDED IN LINE 1 WAS PAID BY BRONX CHARTER SCHOOL FOR EXCELLENCE. 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.