2015-01-14T12:59:19-06:00 2014-06-30 721396621 CARR RIGGS & INGRAM LLC 3501 N CAUSEWAY BLVD STE 810 METAIRIE LA 70002 990 2013-07-01 263202807 SUCCESS PREPARATORY ACADEMY SUCC 5043736200 2011 BIENVILLE STREET NEW ORLEANS LA 70112 DANIEL O'CONNELL DIRECTOR OF FINANCE 5043736200 2015-01-14 1 JACK B KASE CPA PFS P00040367 5048379116 2013 2016-04-25 22:37:26Z NILOY GANGOPADHYAY 2011 BIENVILLE STREET NEW ORLEANS LA 70112 5852562 0 X WWW.SUCCESSPREPARATORY.ORG X 2008 LA TO DEVELOP COLLEGE BOUND STUDENTS FOR LEADERSHIP AND LIFELONG LEARNING. 10 10 78 61 0 0 4744498 5852562 0 0 0 0 0 0 4744498 5852562 0 0 0 0 2735493 3225388 0 0 0 1908067 2292491 4643560 5517879 100938 334683 1938126 2399470 386690 513351 1551436 1886119 X TO DEVELOP COLLEGE BOUND STUDENTS FOR LEADERSHIP AND LIFELONG LEARNING. 0 0 3607339 INSTRUCTIONAL EXPENSES INCURRED, FOR EXAMPLE, TEACHERS SALARIES AND CLASSROOM MATERIALS AND SUPPLIES. INSTRUCTIONAL EXPENSES INCURRED, FOR EXAMPLE, TEACHERS SALARIES AND CLASSROOM MATERIALS AND SUPPLIES. 3607339 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 21 0 1 78 1 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 X DANIEL O'CONNELL 5049411600 2011 BIENVILLE STREET NEW ORLEANS LA 70112 BLAKE POOLE MEMBER-AT-LARGE 1.00 X 0 0 0 KATHRYN BROUSSARD MEMBER-AT-LARGE 1.00 X 0 0 0 MONICA SYLVAIN MEMBER-AT-LARGE 1.00 X 0 0 0 JACK CAREY MEMBER-AT-LARGE 1.00 X 0 0 0 LEE ADLER VICE-CHAIR 1.00 X 0 0 0 AVIONE PICHON SECRETARY 1.00 X 0 0 0 ANDERSON BAKER CHAIR 1.00 X 0 0 0 RYAN BATES TREASURER 1.00 X 0 0 0 AVERY CORENSWET MEMBER-AT-LARGE 1.00 X 0 0 0 SHAWN PREAU MEMBER-AT-LARGE 1.00 X 0 0 0 NILOY GANGOPADHYAY CO FOUNDER/SCHOOL DIRECTOR 45.00 X 111671 0 7120 DANIEL O'CONNELL DIR OF FINANCE & OPERATIONS 45.00 X 68655 0 4931 180326 0 12051 1 0 0 0 0 5828444 24118 5852562 5852562 0 0 0 192377 118791 73586 3033011 2781502 251509 24239 24239 341039 295884 45155 3574 3574 52127 52127 36160 33950 2210 21506 21506 BUS SERVICE 466208 466208 FOOD SERVICE 418689 418689 SUPPLIES 343986 296738 47248 PURCHASED PROP SERVICES 257135 257135 327828 80474 247354 5517879 3607339 1910540 0 1036753 1659071 378525 361597 485402 261854 37147 85525 299 31423 1938126 2399470 386690 513351 386690 513351 X 1527848 1837830 23588 48289 1551436 1886119 1938126 2399470 334683 0 X 0 1 X 0 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 5947462 94900 94900 5852562 0 5852562 5612779 94900 94900 5517879 0 5517879 PART X, LINE 2: ON JANUARY 1, 2009, SUCCESS PREP ADOPTED A STANDARD RELATING TO THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE TAX EFFECT FROM AN UNCERTAIN TAX POSITION CAN BE RECOGNIZED IN THE FINANCIAL STATEMENTS, ONLY IF THE POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED ON AUDIT, BASED ON THE TECHNICAL MERITS OF THE POSITION. SUCCESS PREP RECOGNIZES THE FINANCIAL STATEMENT BENEFITS OF A TAX POSITION ONLY AFTER DETERMINING THAT THE RELEVANT TAX AUTHORITY WOULD BE MORE LIKELY THAN NOT SUSTAIN THE POSITION FOLLOWING AN AUDIT. FOR TAX POSITIONS MEETING THE MORE LIKELY THAN NOT THRESHOLD, THE AMOUNT RECOGNIZED IN THE FINANCIAL STATEMENTS IS THE LARGEST BENEFIT THAT HAS A GREATER THAN 50 PERCENT LIKELIHOOD OF BEING REALIZED, UPON ULTIMATE SETTLEMENT WITH THE RELEVANT TAX AUTHORITY. AT THE ADOPTION DATE, SUCCESS PREP APPLIED THE NEW ACCOUNTING STANDARD TO ALL TAX POSITIONS FOR WHICH THE STATUTE OF LIMITATIONS REMAINED OPEN. SUCCESS PREP DID NOT MAKE ANY ADJUSTMENT TO BEGINNING NET ASSETS AS A RESULT OF THE IMPLEMENTATION OF THE ACCOUNTING STANDARD. BASED ON ITS EVALUATION, SUCCESS PREP HAS CONCLUDED THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS REQUIRING RECOGNITION IN ITS FINANCIAL STATEMENTS. SUCCESS PREP IS NO LONGER SUBJECT TO U.S. FEDERAL INCOME TAX EXAMINATIONS BY THE INTERNAL REVENUE SERVICE FOR THE YEARS BEFORE 2010. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 6 SUCCESS PREPARATORY ACADEMY IS A CHARTER SCHOOL IN NEW ORLEANS. IT RECEIVES ASSISTANCE PRIMARILY FROM THE UNITED STATES DEPARTMENT OF EDUCATION AND THE LOUISIANA STATE DEPARTMENT OF EDUCATION. KATHRYN BROUSSARD BOARD MEMBER KATHRYN BROUSSARD, BOARD MEMBER, IS A SENIOR VICE-PRESIDENT AND SENIOR BANKER IN THE NEW ORLEANS MARKET BANKING DIVISION OF JP MORGAN CHASE BANK. SUCCESS PREPARATORY ACADEMY HOLDS 2 CHECKING AND 1 SAVINGS ACCOUNT WITH JP MORGAN CHASE BANK. 0 FORM 990, PART VI, SECTION A, LINE 7A EXISTING MEMBERS OF THE BOARD OF DIRECTORS MUST NOMINATE NEW MEMBERS. NEW MEMBERS ARE THEN APPROVED BY THE VOTE OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B THE LOUISIANA DEPARTMENT OF EDUCATION AND STATE BOARD OF ELEMENTARY AND SECONDARY EDUCATION HAS SELECTIVE OVERSIGHT OVER BOARD DECISIONS. ANY BOARD DECISIONS MAY BE SUBJECT TO APPROVAL AND COMPLIANCE WITH DEPARTMENT POLICIES AND DIRECTIVES. FORM 990, PART VI, SECTION B, LINE 11 LINE 11A EXPLANATION - EACH BOARD MEMBER RECEIVES A DRAFT COPY OF THE 990 AND EXAMINES FOR ITEMS THAT MAY BRING UP DISCUSSION WITH OTHER MEMBERS AND/OR TAX PREPARER. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY IS UPDATED AS CONFLICTS ARISE FOLLOWING INITIAL CLEARANCE FOR BOARD OF DIRECTOR ELECTIONS. FORM 990, PART VI, SECTION C, LINE 19 SUCCESS PREPARATORY ACADEMY MAKES ALL BOARD MEETING AGENDAS AND MINUTES PUBLIC BY POSTING ON THEIR WEBSITE, WWW.SUCCESSPREPARATORY.ORG.