2017-04-27T07:50:19-05:00 2016-06-30 161092347 MENGEL METZGER BARR & CO LLP 100 CHESTNUT STREET SUITE 1200 ROCHESTER NY 14604 990 2015-07-01 472465564 STAMFORD CHARTER SCHOOL FOR EXCELLENCE INC STAM 2039890000 ONE SCHUYLER AVENUE STAMFORD CT 06902 CHARLENE REID EXECUTIVE DIRECTOR 2039890000 2017-04-13 1 MICHELLE CAIN P00150750 5854231860 2017-04-13 2015 2021-01-29 14:40:06Z CHARLENE REID ONE SCHUYLER AVENUE STAMFORD CT 06902 3211020 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 17 4 0 0 100000 1406285 0 1804000 1 1 0 734 100001 3211020 0 0 0 0 0 1001043 0 0 1489 549 1069461 549 2070504 99452 1140516 424252 1622989 324800 383021 99452 1239968 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 1902041 1804734 STAMFORD CHARTER SCHOOL FOR EXCELLENCE IS A PUBLIC, CHARTER SCHOOL THAT PROVIDES ELEMENTARY EDUCATION TO ABOUT 166 CHILDREN IN PRE-K THROUGH 2ND GRADE. 1902041 1 1 0 0 0 0 0 0 0 0 1 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 11 0 17 1 0 0 0 0 0 0 0 0 0 0 X 4 4 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X CHARLENE REID 2039890000 ONE SCHUYLER AVENUE STAMFORD CT 06902 KATHY LATHEN BOARD 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 MEMBER 2.00 X 0 0 0 CHARLENE REID EXECUTIVE DIRECTOR 1.00 X 290623 0 23173 KEVIN FISCHER PRINCIPAL 50.00 X 135193 0 21959 425816 0 45132 2 0 1 1 SACRED HEART CHURCH 37 SCHUYLER AVE STAMFORD CT 06902 RENT 220000 1 31992 1374293 994429 1406285 STATE AND LOCAL PER PU 611600 1804000 1804000 1804000 1 1 BOOK FAIR SCHOLASTIC 611110 448 448 MISC REVENUE 611110 286 286 734 3211020 1804734 0 1 855996 812952 43044 1500 1425 75 84656 80408 4248 58891 55939 2952 30215 28700 1515 54180 54180 192054 182425 9629 5941 5680 261 26808 25310 1498 262848 249670 13178 225645 203080 22565 34856 33108 1748 CURRICULUM AND CLASSROO 112826 110870 1956 REPAIRS AND MAINTENANCE 79715 75718 3997 FOOD SERVICES 23576 22394 1182 PROFESSIONAL DEVELOPMEN 8461 7928 533 12336 6434 4413 1489 2070504 1902041 166974 1489 44451 12489 5001 5003 36574 582 1408986 225645 0 1183341 374800 385000 424252 1622989 383021 324800 0 324800 383021 X 99452 1239968 99452 1239968 424252 1622989 1140516 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1185782 196130 989652 213204 29515 183689 10000 10000 1183341 SECURITY DEPOSIT 100000 DUE FROM RELATED PARTY 285000 385000 3311021 100001 100001 3211020 0 3211020 2071053 549 549 2070504 0 2070504 PART XI, LINE 2D - OTHER ADJUSTMENTS: REVENUE FOR THE PERIOD FROM 10/20/14 (DATE OF INCEPTION) TO 6/30/15 100,000. REVENUE 10/20/14 (DATE OF INCEPTION) TO 6/30/15 AUDIT DIFFERENCE TO PY 990 1. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES FOR THE PERIOD FROM 10/20/14 (DATE OF INCEPTION) TO 6/30/15 560. EXPENSES 10/20/14 (DATE OF INCEPTION) TO 6/30/15 AUDIT DIFFERENCE TO PY 990 -11. 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 190623 0 100000 0 0 0 11403 0 11770 0 313796 0 0 0 KEVIN FISCHER PRINCIPAL 111693 0 23500 0 0 0 11079 0 10880 0 157152 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 THE EXECUTIVE DIRECTOR OF BRONX CHARTER SCHOOL FOR EXCELLENCE, AN UNRELATED BUT AFFILIATED 501(C)3 CHARTER SCHOOL, WHO WAS PAID DURING CALENDAR YEAR 2015 BY BRONX CHARTER SCHOOL FOR EXCELLENCE TO PERFORM SERVICES AS THE EXECUTIVE DIRECTOR OF STAMFORD CHARTER SCHOOL FOR EXCELLENCE, INC. TOTAL COMPENSATION RECORDED ON SCHEDULE J WAS PAID BY BRONX CHARTER SCHOOL FOR EXCELLENCE. X START UP EXPENSES FOR SCHOOL 1 994429 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 THE EXECUTIVE DIRECTOR, CHAIRMAN AND TREASURER OF THE BOARD REVIEW 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 15A THE BOARD OF TRUSTEES APPROVES THE SALARY FOR THE EXECUTIVE DIRECTOR AND PRINCIPALS. 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 SCHOOL OBTAINED AN AUDIT FOR THE FIRST TIME IN THE CURRENT YEAR. THE FINANCE COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT.