2015-05-15T09:33:46-05:00 2014-06-30 222428965 CITRIN COOPERMAN & COMPANY LLP 1800 JFK BOULEVARD 20TH FLOOR PHILADELPHIA PA 19103 990 2013-07-01 455441135 MEMPHIS STREET ACADEMY CHARTER SCHOOL MEMP 2152914709 2950 MEMPHIS STREET PHILADELPHIA PA 19134 SANDRA FARMER BOARD PRESIDENT 2152914709 2015-05-14 1 KEVIN RYAN CPA P00383430 2155454800 2013 2016-04-25 22:37:26Z SANDRA FARMER 2950 MEMPHIS STREET PHILADELPHIA PA 19134 12652250 0 1 X HTTP://WWW.AP-SCHOOLS.ORG/MEMPHISSTREETACADEMY/ X 2012 PA THE MISSION OF MEMPHIS STREET ACADEMY CHARTER SCHOOL IS TO ENHANCE, SUPPORT AND PROMOTE THE CRITICAL THINKING AND THE PROBLEM SOLVING SKILLS OF ITS SCHOOL-AGE LEARNERS AS THEY MASTER AND EXCEED PENNSYLVANIA AND NATIONAL EDUCATION STANDARDS. 4 4 149 0 0 0 194290 1414645 9285848 11231968 0 0 97127 5637 9577265 12652250 0 0 0 0 4480741 5722259 0 0 0 3858520 4250665 8339261 9972924 1238004 2679326 3161081 5556131 1923077 1638801 1238004 3917330 THE MISSION OF MEMPHIS STREET ACADEMY CHARTER SCHOOL IS TO ENHANCE, SUPPORT AND PROMOTE THE CRITICAL THINKING AND THE PROBLEM SOLVING SKILLS OF ITS SCHOOL-AGE LEARNERS AS THEY MASTER AND EXCEED PENNSYLVANIA AND NATIONAL EDUCATION STANDARDS. 0 0 7124638 11237605 CHARTER SCHOOL 7124638 1 1 0 0 0 0 0 1 0 0 1 1 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 33 0 1 149 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 1 0 X X AMERICAN PARADIGM SCHOOLS 2157356500 200 S BROAD STREET STE 1120 PHILADELPHIA PA 19102 MIGUEL DIAZ BOARD MEMBER 1.00 X 0 0 0 SANDRA FARMER BOARD PRESIDENT 1.00 X 0 0 0 ANITA KAISER BOARD SECRETARY 1.00 X 0 0 0 BARBARA SAUNDERS VICE PRESIDENT 1.00 X 0 0 0 CHRISTINE BORELLI CEO 40.00 X 129508 0 33138 129508 0 33138 1 0 1 0 AMERICAN PARADIGM SCHOOLS 200 S BROAD STREET SUITE 1120 PHILADELPHIA PA 19102 CHARTER SCHOOL MANAGEMENT 851639 AETNA 151 FARMINGTON AVE HARTFORD CT 06156 MEDICAL INSURANCE 473075 LINTON'S MANAGED SERVICES 2947 FELTON ROAD EAST NORRITON PA 19401 FOOD MANAGEMENT SERVICES 331972 R&A PERSONAL TOUCH CLEANING SERVICES 618 MAPLE AVE PHILADELPHIA PA 19116 CUSTODIAL 167000 APPLE INC 1 INFINITE LOOP CUPERTINO CA 95014 COMPUTERS 159826 9 1379427 35218 1414645 STUDENT SUBSIDY 611110 10323222 10323222 STATE REIMBURSEMENTS 611110 545119 545119 FOOD SERVICE 611110 363627 363627 11231968 OTHER 611110 5637 5637 5637 12652250 11237605 0 0 4165358 3315166 850192 676947 536292 140655 516307 409574 106733 363647 292588 71059 823435 823435 142103 142103 31500 31500 756688 650495 106193 27758 5000 22758 211031 40950 170081 11301 11301 695706 556565 139141 497 497 493 493 33387 33387 292857 292857 138826 28131 110695 FOOD SERVICE 386278 386278 INSTRUCTIONAL SUPPLIES 297064 297064 FURNITURE AND EQUIPTMEN 266735 263297 3438 PRINTING 46025 1929 44096 88981 47959 41022 9972924 7124638 2848286 0 935482 2903693 911301 1245420 77188 123239 1521402 577149 1237110 944253 339526 3161081 5556131 296092 263598 424962 1202023 1375203 1923077 1638801 X 1238004 3200610 716720 1238004 3917330 3161081 5556131 2679326 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1127384 450953 676431 199896 56320 143576 194122 69876 124246 944253 DUE FROM OTHER FUND 339526 C 339526 ACCRUED SALARY AND BENEFITS 797339 DUE TO GENERAL FUND 339526 CAPTIAL LEASE PAYABLE 227533 DUE TO AFFILIATES 10805 1375203 X 12652250 0 12652250 0 12652250 9972924 0 9972924 0 9972924 PART X, LINE 2: THE SCHOOL ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN WHICH TAX POSITIONS INITIALLY NEED TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. IT ALSO PROVIDES GUIDANCE FOR DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. AS OF JUNE 30, 2014, THE SCHOOL HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFIED FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. ADDITIONALLY, THE SCHOOL HAD NO INTEREST AND PENALTIES RELATED TO INCOME TAXES. THE SCHOOL FILES AN INCOME TAX RETURN IN THE U.S. FEDERAL JURISDICTION. WITH FEW EXCEPTIONS, THE SCHOOL IS NO LONGER SUBJECT TO U.S. FEDERAL TAX EXAMINATIONS BY TAXING AUTHORITIES FOR YEARS BEFORE JUNE 30, 2011. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 PROHIBITED BY CHARTER SCHOOL LAW TO DISCRIMINATE SCHEDULE E, PART I, LINE 6 CHARTER SCHOOL RECEIVED FEDERAL GRANTS AND IS REIMBURSED FOR CERTAIN EXPENDITURES BY THE COMMONWEALTH OF PA. X 0 0 0 0 0 0 0 0 0 CHRISTINE BORELLI CEO 129508 0 0 0 0 0 23749 0 9389 0 162646 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 990 IS COMPLETED BY ACCOUNTANT AND REVIEWED BY BUSINESS MANAGER. THE 990 IS REVIEWED BY ACCOUNTANT AND BUSINESS MANAGER IF ANY CHANGES ARE REQUIRED. THE BOARD PROVIDES FINAL REVIEW. FORM 990, PART VI, SECTION B, LINE 12C LEGAL COUNCIL PROVIDES PERIODIC REVIEW. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION IS REVIEWED AND APPROVED BY THE BOARD MEMBERS FOR EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS ARE MADE AVAIALBLE UPON REQUESTS.