2018-02-16T14:52:57-06:00 2017-06-30 042571780 ALEXANDER ARONSON FINNING & CO PC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2016-07-01 272194956 UP EDUCATION NETWORK UPED 6173075980 90 CANAL STREET SUITE 600 BOSTON MA 02114 VERONICA CONFORME CEO 6179799230 2018-02-14 1 JOHN BUCKLEY CPA P00830631 5083669100 2018-02-14 64.238.141.162 2018-02-14 13:04:40 ES P 3E440E6A185EDC2B926E5F70C0D5813905974454 DF907C3E490E2DE39094117C62C17E9C055F2C1A 2016 2021-01-29 14:40:06Z VERONICA CONFORME 90 CANAL STREET SUITE 600 BOSTON MA 02114 7278102 0 X WWW.UPEDUCATIONNETWORK.ORG X 2010 DE THE PRINCIPAL INTENT OF THE ORGANIZATION IS TO CONDUCT ACTIVITIES TO ADVANCE EDUCATION REFORM IN PUBLIC SCHOOLS, INCLUDING PUBLIC CHARTER SCHOOLS. SPECIFICALLY, THE ORGANIZATION WILL ENGAGE IN ACTIVITIES TO SUPPORT AND TRANSFORM UNDERPERFORMING SCHOOLS INTO HIGH-PERFORMING SCHOOLS THAT ENSURE ALL STUDENTS, FROM KINDERGARTEN THROUGH HIGH SCHOOL, POSSESS THE ACADEMIC AND SOCIAL SKILLS NECESSARY TO ACHIEVE THEIR FULL POTENTIAL AND THRIVE IN FOUR-YEAR COLLEGES. 7 7 87 300 0 0 3658927 3568007 2979104 3697523 10913 11906 4521 666 6653465 7278102 708446 929491 0 0 4795841 5166373 0 0 164505 1732929 1733238 7237216 7829102 -583751 -551000 3932275 3427021 437817 483564 3494458 2943457 X THE PRINCIPAL INTENT OF THE ORGANIZATION IS TO CONDUCT ACTIVITIES TO ADVANCE EDUCATION REFORM IN PUBLIC SCHOOLS, INCLUDING PUBLIC CHARTER SCHOOLS. SPECIFICALLY, THE ORGANIZATION WILL ENGAGE IN ACTIVITIES TO SUPPORT AND TRANSFORM UNDERPERFORMING SCHOOLS INTO HIGH-PERFORMING SCHOOLS THAT ENSURE ALL STUDENTS, FROM KINDERGARTEN THROUGH HIGH SCHOOL, POSSESS THE ACADEMIC AND SOCIAL SKILLS NECESSARY TO ACHIEVE THEIR FULL POTENTIAL AND THRIVE IN FOUR-YEAR COLLEGES. 0 0 6511663 929491 3698189 UP EDUCATION NETWORK IS ONE OF THE FEW SCHOOL MANAGEMENT ORGANIZATIONS IN THE COUNTRY SUCCESSFULLY TACKLING THE CHALLENGES OF IN-DISTRICT SCHOOL TURNAROUND. UP HAS RESTARTED AND CONTINUES TO MANAGE THREE SCHOOLS IN BOSTON, TWO SCHOOLS IN LAWRENCE AND ONE SCHOOL IN SPRINGFIELD, SERVING 3,200 OF THE STATE'S HISTORICALLY UNDERSERVED STUDENTS. LOCAL SCHOOL DISTRICTS ARE A KEY PARTNER IN UP'S WORK TO TRANSFORM CHRONICALLY UNDERPERFORMING DISTRICT SCHOOLS INTO EXTRAORDINARY SCHOOLS. UP EDUCATION NETWORK IS A WINNER OF NEW SCHOOLS VENTURE FUND "EDUCATION REFORM ORGANIZATION OF THE YEAR" IN RECOGNITION OF OUR EXTRAORDINARY RESULTS. UP EDUCATION NETWORK SCHOOLS HAVE BEEN #1 IN THE STATE OF MASSACHUSETTS IN STUDENT GROWTH IN 4 OUT OF THE LAST 6 YEARS AND OUR SCHOOLS HAVE INCREASED PROFICIENCY RATES BY 2-3X WITHIN 2 YEARS OF TURNAROUND. UP'S RESULTS HAVE BEEN VALIDATED BY INDEPENDENT RESEARCHERS. A RECENT STUDY IN THE AMERICAN ECONOMIC REVIEW BY RESEARCHERS AT MIT FOUND THAT UP DELIVERS EXCEPTIONALLY LARGE, CAUSAL IMPACT FOR OUR STUDENTS IN BOTH MATH AND ELA. OUR STUDENTS WITH THE GREATEST NEED -- STUDENTS WITH LOW PRIOR YEAR PERFORMANCE, STUDENTS WITH DISABILITIES AND ENGLISH LANGUAGE LEARNERS, TEND TO SEE THE MOST GROWTH AT UP. UP EDUCATION NETWORK DIRECTLY SUPPORTS ALL SIX SCHOOLS IN OUR PORTFOLIO, DELIVERING HIGH-QUALITY ACADEMIC AND OPERATIONAL SERVICES, MANAGING DISTRICT GOVERNANCE AND OTHER EXTERNAL STAKEHOLDER RELATIONSHIPS, AND SUPPORTING SCHOOL LEADERSHIP TEAMS IN FUNCTIONAL AREAS SUCH AS SPECIAL EDUCATION, ENGLISH LANGUAGE LEARNING, INNOVATION, AND TALENT MANAGEMENT. 6511663 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 16 0 1 87 1 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MA X VERONICA CONFORME 6177522854 90 CANAL STREET SUITE 600 BOSTON MA 02114 JORDAN MERANUS BOARD MEMBER (RESIGNED FY17) 4.00 X 0 0 0 FARHAD NANJI CHAIRPERSON 4.00 X X 0 0 0 SCOTT GIVEN CEO/BOARD SECRETARY (RESIGNED FY17) 45.00 X X 221925 0 9209 YUTAKA TAMURA BOARD MEMBER 4.00 X 0 0 0 REBECCA LEDLEY BOARD MEMBER 4.00 X 0 0 0 MARTIN MANNION BOARD MEMBER 4.00 X 0 0 0 JAMES BERYLSON TREASURER 4.00 X 0 0 0 KARLA BROOKS BAEHR BOARD MEMBER 4.00 X 0 0 0 JOANNA JACOBSON BOARD MEMBER 4.00 X 0 0 0 VERONICA CONFORME BOARD CLERK/CEO 4.00 X X 0 0 0 NICOLE DORN DEPUTY CHIEF EXECUTIVE OFFICER 45.00 X 124249 0 895 CHRISTOPHER BYRNES CHIEF FINANCIAL OFFICER 45.00 X 112026 0 15129 TIM NICOLETTE CADO/PRESIDENT 45.00 X 196543 0 1175 SHERI LEO CHIEF TALENT OFFICER 45.00 X 121192 0 16131 JAMIE MORRISON CHIEF ACADEMIC OFFICER 45.00 X 142365 0 15507 RYAN KNIGHT DIRECTOR OF STRATEGY AND INNOVATION 45.00 X 111294 0 13371 CASEY NGO- MILLER DIRECTOR OF SPECIAL EDUCATION 45.00 X 112991 0 15129 1142585 0 86546 11 0 1 0 INSOURCE SERVICES INC 148 LINDEN STREET WELLESLEY MA 02482 ACCOUNTING & TECHNOLOGY SERVICES 146117 1 3568007 3568007 SERVICE AND OTHER FEES 900099 3697523 3697523 3697523 11906 11906 OTHER INCOME 900099 666 666 666 7278102 3698189 0 11906 929491 929491 772591 544261 193493 34837 3704355 3069221 544305 90829 331959 280289 43167 8503 357468 289442 58053 9973 94426 76457 17969 48038 19587 28451 289667 234664 55003 197536 159945 32883 4708 290968 239107 49241 2620 328474 265966 53344 9164 101377 82085 19165 127 680 550 130 75954 61500 12335 2119 52769 42727 8570 1472 RECRUITING 125816 106065 19751 PROFESSIONAL DEVELOPMEN 94280 86152 8128 MISCELLANEOUS 33253 24154 8946 153 7829102 6511663 1152934 164505 2697064 2094585 2500 2500 172755 281956 303199 200379 360000 520000 172413 159549 412943 244891 224344 168052 3932275 3427021 259483 155326 70008 144568 69130 39849 39196 143821 437817 483564 X 3144458 2843457 350000 100000 3494458 2943457 3932275 3427021 -551000 0 X X 0 1 X 1 0 X 2988534 4186471 4388580 3658927 3568007 18790519 2988534 4186471 4388580 3658927 3568007 18790519 6557419 12233100 10913 11906 22819 4521 666 5187 18818525 0.65010 0.64760 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 1 X 98051 36947 61104 314892 207944 106948 168052 X 7278102 0 7278102 0 7278102 7829103 0 7829103 0 7829103 PART IV, LINE 2B: THE ORGANIZATION ACTS AS A FISCAL AGENT FOR BOSTON PUBLIC SCHOOLS IN CONNECTION WITH ITS MANAGEMENT CONTRACT WITH UP ACADEMY HOLLAND (UAH). AS OF JUNE 30, 2017, FUNDS HELD FOR OTHERS CONSIST OF AMOUNTS HELD ON BEHALF OF UAH, WHICH HAVE NOT YET BEEN SPENT. PART X, LINE 2: THE ORGANIZATION ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ASC TOPIC, INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE ORGANIZATION HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS AT JUNE 30, 2017. THE ORGANIZATION'S INFORMATIONAL RETURNS ARE SUBJECT TO EXAMINATION BY THE FEDERAL AND STATE JURISDICTIONS. 1 SUPPORT UP ACADEMY LEONARDOLIVER (LAWRENCE PUBLIC SCHOOLS) 046001394 287172 FMV IN-KIND PURCHASES SUPPORT UP ACADEMY CHARTER SCHOOL OF DORCHESTER 462404287 194322 SUPPORT UP ACADEMY CHARTER SCHOOL OF BOSTON 450625911 218336 SUPPORT UP ACADEMY KENNEDY (SPRINGFIELD PUBLIC SCHOOLS) 046001415 226174 FMV IN-KIND PURCHASES SUPPORT 4 PART I, LINE 2: THE GRANTS TO UP ACADEMY KENNEDY, UP ACADEMY LEONARD AND UP ACADEMY OLIVER WERE ALL DISBURSED IN THE FORM OF IN-KIND PURCHASES. THESE PURCHASES MUST FOLLOW UP'S FISCAL POLICIES AND PROCEDURES, AND SPENDING IS MONITORED THROUGH MONTHLY BUDGET REPORTS TO THE UP BOARD AND QUARTERLY REPORTS TO THE SCHOOL'S DIRECTOR OF OPERATIONS. THE GRANTS TO UP ACADEMY BOSTON AND UP ACADEMY DORCHESTER SPECIFIED RESTRICTIONS, IF ANY, ON THE GRANT FUNDS IN THE GRANT LETTERS. UP EDUCATION NETWORK REGULARLY REVIEWS UAB AND UAD ACTIVITY AGAINST THESE RESTRICTIONS WHEN COMPILING MONTHLY FINANCIAL STATEMENTS. X X X X 0 0 0 0 0 0 0 0 0 SCOTT GIVEN CEO/BOARD SECRETARY (RESIGNED FY17) 197925 0 24000 0 0 0 0 0 9209 0 231134 0 0 0 TIM NICOLETTE CADO/PRESIDENT 196543 0 0 0 0 0 0 0 1175 0 197718 0 0 0 JAMIE MORRISON CHIEF ACADEMIC OFFICER 142365 0 0 0 0 0 0 0 15507 0 157872 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B A DRAFT VERSION OF THE 990 IS PROVIDED TO ALL BOARD MEMBERS FOR THEIR REVIEW VIA EMAIL AND PRIOR TO FINAL SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REQUIRES ITS DIRECTORS, MANAGEMENT AND KEY EMPLOYEES TO COMPLETE AN ANNUAL DISCLOSURE FORM IDENTIFYING ANY RELATIONSHIPS, POSITIONS, OR CIRCUMSTANCES IN WHICH THE RESPONSIBLE PERSON IS INVOLVED THAT HE OR SHE BELIEVES COULD CONTRIBUTE TO A CONFLICT OF INTEREST ARISING. FORM 990, PART VI, SECTION B, LINE 15A IN DETERMINING BOTH THE INTERIM CEO'S SALARY AND NEW PERMANENT CEO'S SALARY, MEMBERS OF THE BOARD'S SEARCH COMMITTEE CONSIDERED THE FOLLOWING FACTORS: - COMPENSATION OF OTHERS IN SIMILAR ROLES AT PEER ORGANIZATIONS - THE UP TURNAROUND CONTEXT - THE BACKGROUND AND EXPERIENCE OF THE INDIVIDUALS - ADVICE FROM THE EXTERNAL SEARCH FIRM WHO LED THE SEARCH THE BOARD DISCUSSED AND APPROVED THE CEO'S COMPENSATION AND OFFER OF EMPLOYMENT AT ITS DECEMBER 2016 BOARD MEETING AND SUBSEQUENTLY ADJUSTED THE OFFER AND APPROVED THE REVISED OFFER LETTER AT THE JUNE 2017 BOARD MEETING. THE CHAIR OF THE BOARD APPROVED THE INTERIM CEO'S COMPENSATION IN JANUARY 2017 AND HER PROMOTION TO DEPUTY CEO WAS APPROVED BY THE CHAIR OF THE BOARD IN JUNE 2017. IN ADDITION, IN 2016, UP TOOK PARTICIPATED IN A COMPENSATION STUDY OF CHARTER MANAGEMENT ORGANIZATIONS THAT GAVE US COMPARABILITY DATA FOR CEO, DEPUTY CEO/PRESIDENT/EXECUTIVE DIRECTOR, CHIEF, AND DIRECTOR SALARIES. THIS STUDY WAS A FOLLOW-UP OF A 2014 STUDY THAT HELPED UP ADJUST SALARY BANDS. THE 2016 STUDY CONFIRMED THAT UP'S COMPENSATION PACKAGE IS SIMILAR TO OTHERS NATIONALLY, WITH SLIGHTLY HIGHER THAN AVERAGE SALARIES FOR SOME ROLES AND LOWER THAN AVERAGE BENEFITS PACKAGES ACROSS THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAIABLE UPON REQUEST. PART XII, LINE 2C THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS IS RESPONSIBLE FOR OVERSIGHT OF THE AUDIT UP EDUCATION NETWORK, INC.'S FINANCIAL STATEMENTS AND SELECION OF AN INDEPENDENT ACCOUNTANT.