UP EDUCATION NETWORK INC: Form 990, tax year 2011

View the entire original 990 at ProPublica ↗

Organization: UP EDUCATION NETWORK INC (EIN 27-2194956)
Tax period: 2011-07-01 to 2012-06-30
Filed: 2013-04-10
IRS object ID: 201331009349300528
Schema version: 2011v1.5
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule B
Schedule C
Schedule D
Schedule I
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2013-04-10T14:07:08-05:00	Timestamp
Tax Period End Date	2012-06-30	TaxPeriodEndDate

Preparer Firm PreparerFirm

Field	Value	IRS element (for citing)
EIN	042571780	EIN

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	ALEXANDER ARONSON FINNING & CO PC	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	21 EAST MAIN STREET	AddressLine1
City	WESTBORO	City
State	MA	State
ZIP Code	01581	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2011-07-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	272194956	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	UNLOCKING POTENTIAL INC	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	UNLO	NameControl
Phone	6177522854	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	90 CANAL STREET NO 610	AddressLine1
City	BOSTON	City
State	MA	State
ZIP Code	02114	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	SCOTT GIVEN	Name
Title	CHIEF EXECUTIVE OFFICER	Title
Phone	6179799230	Phone
Date Signed	2013-03-09	DateSigned
Authorize Third Party	1	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	JOHN BUCKLEY CPA	Name
PTIN	P00830631	PTIN
Phone	5083669100	Phone
Date Prepared	2013-02-15	DatePrepared

Field	Value	IRS element (for citing)
Tax Year	2011	TaxYear
Build TS	2016-02-25 16:41:14Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Address Change	X	AddressChange
Name Of Principal Officer Person	SCOTT GIVEN	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	215 DORCHESTER STREET	AddressLine1
City	BOSTON	City
State	MA	State
ZIP Code	02127	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	1373018	GrossReceipts
Group Return For Affiliates	0	GroupReturnForAffiliates
Organization501c3	X	Organization501c3
Web Site	WWW.UNLOCKING-POTENTIAL.ORG	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	2010	YearFormation
State Legal Domicile	DE	StateLegalDomicile
Activity Or Mission Description	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.	ActivityOrMissionDescription
Nbr Voting Members Governing Body	4	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	3	NbrIndependentVotingMembers
Total Nbr Employees	21	TotalNbrEmployees
Total Nbr Volunteers	275	TotalNbrVolunteers
Total Gross UBI	0	TotalGrossUBI
Net Unrelated Business Txbl Income	0	NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year	1792590	ContributionsGrantsPriorYear
Contributions Grants Current Year	853468	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	0	ProgramServiceRevenuePriorYear
Program Service Revenue CY	519550	ProgramServiceRevenueCY
Investment Income Prior Year	0	InvestmentIncomePriorYear
Investment Income Current Year	0	InvestmentIncomeCurrentYear
Other Revenue Prior Year	500	OtherRevenuePriorYear
Other Revenue Current Year	0	OtherRevenueCurrentYear
Total Revenue Prior Year	1793090	TotalRevenuePriorYear
Total Revenue Current Year	1373018	TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year	400000	GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY	264694	GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year	0	BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	591609	SalariesEtcPriorYear
Salaries Etc Current Year	600811	SalariesEtcCurrentYear
Total Prof Fundrsng Exp Prior Year	0	TotalProfFundrsngExpPriorYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	24359	TotalFundrsngExpCurrentYear
Other Expense Prior Year	437583	OtherExpensePriorYear
Other Expenses Current Year	458382	OtherExpensesCurrentYear
Total Expenses Prior Year	1429192	TotalExpensesPriorYear
Total Expenses Current Year	1323887	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	363898	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	49131	RevenuesLessExpensesCY
Total Assets BOY	788902	TotalAssetsBOY
Total Assets EOY	552455	TotalAssetsEOY
Total Liabilities BOY	418255	TotalLiabilitiesBOY
Total Liabilities EOY	132677	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	370647	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	419778	NetAssetsOrFundBalancesEOY
Info In Schedule O Part III	X	InfoInScheduleOPartIII
Mission Description	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.	MissionDescription
Significant New Program Services	0	SignificantNewProgramServices
Significant Change	0	SignificantChange
Expense	1091935	Expense
Grants	264694	Grants
Revenue	519550	Revenue
Description	UP ACADEMY LAWRENCE MIDDLE SCHOOL LAUNCHED ON AUGUST 27, 2012 AS A MIDDLE SCHOOL SERVING STUDENTS IN LAWRENCE IN GRADE 6. IN THE FALL OF 2012, UNLOCKING POTENTIAL ANNOUNCED FORMAL PLANS TO LAUNCH UP ACADEMY CHARTER SCHOOL OF DORCHESTER, A SECOND HORACE MANN (OR "IN-DISTRICT") CHARTER SCHOOL IN THE CITY OF BOSTON THAT WILL EXPAND THE ORGANIZATION'S IMPACT TO THREE SCHOOLS IN TWO CITIES. THERE WERE MANY ACTIVITIES AND ACCOMPLISHMENTS THAT WENT INTO THE SUCCESSFUL LAUNCH OF UP ACADEMY LAWRENCE MIDDLE SCHOOL, THE PLANNING OF UP ACADEMY CHARTER SCHOOL OF DORCHESTER, AND THE CONTINUED SUPPORT OF UP ACADEMY CHARTER SCHOOL OF BOSTON, UNLOCKING POTENTIAL'S FIRST SCHOOL. FIRST, UNLOCKING POTENTIAL EMPLOYEES WORKED THROUGH FY 2012 DEVELOPING A SCHOOL MANAGEMENT CONTRACT WITH LAWRENCE PUBLIC SCHOOLS THAT ENABLED THE ORGANIZATION TO TURNAROUND THE JAMES F. LEONARD MIDDLE SCHOOL AS PART OF A SERIES OF REFORM EFFORTS IN THE STRUGGLING DISTRICT. IN ADDITION, UNLOCKING POTENTIAL STAFF WORKED TO DEVELOP OPERATIONAL SYSTEMS AND PLANS FOR UP ACADEMY LAWRENCE MIDDLE SCHOOL AND RECRUITED MORE THAN 50 STAFF MEMBERS AND TEACHERS IN SUPPORT OF UP ACADEMY LAWRENCE MIDDLE SCHOOL AND UP ACADEMY CHARTER SCHOOL OF BOSTON. IN ADDITION, OPERATIONAL SYSTEMS AND PLANS FOR UP ACADEMY LAWRENCE WERE DEVELOPED THROUGHOUT FY 2011, INCLUDING RAISING PRIVATE FUNDS TO SUPPORT THE SCHOOL'S OPERATIONS IN THE FIRST YEAR; PROCURING SCHOOL SUPPLIES, A COMPUTER LAB, AND DEVELOPING A PLAN TO CONDUCT FACILITIES RENOVATIONS DURING THE SUMMER OF 2012.IN UP ACADEMY CHARTER SCHOOL OF BOSTON'S FIRST YEAR, STUDENTS DEMONSTRATED EXCEPTIONAL GROWTH: IMPROVING PROFICIENCY RATES FROM 24% TO 48% IN MATH, AND FROM 32% TO 54% IN ENGLISH LANGUAGE ARTS. UNLOCKING POTENTIAL EMPLOYEES SUPPORTED THE SCHOOL THROUGHOUT THE ACADEMIC YEAR, DELIVERING HIGH QUALITY ACADEMIC AND OPERATIONAL SERVICES, MANAGING DISTRICT GOVERNANCE AND OTHER EXTERNAL STAKEHOLDER RELATIONSHIPS, AND SUPPORTING SCHOOL LEADERS IN FUNCTIONAL AREAS SUCH AS SPECIAL EDUCATION, TALENT MANAGEMENT, STUDENT RECRUITMENT AND BLENDED LEARNING. FINALLY, UNLOCKING POTENTIAL STAFF MEMBERS WORKED THROUGHOUT FY 2012 TO PLAN FOR THE LAUNCH OF UP ACADEMY DORCHESTER; RECRUITING SCHOOL LEADERS, WRITING A 371 PAGE CHARTER APPLICATION, AND WORKING WITH KEY DISTRICT STAKEHOLDERS IN EARLY STAGE NEGOTIATIONS.	Description
Total Program Service Expense	1091935	TotalProgramServiceExpense
Described In501 C3	1	DescribedIn501C3
Schedule B Required	1	ScheduleBRequired
Political Activities	0	PoliticalActivities
Lobbying Activities	1	LobbyingActivities
Subject To Proxy Tax	0	SubjectToProxyTax
Donor Advised Funds	0	DonorAdvisedFunds
Conservation Easements	0	ConservationEasements
Collections Of Art	0	CollectionsOfArt
Credit Counseling	0	CreditCounseling
Term Or Permanent Endowments	0	TermOrPermanentEndowments
Report Land Bldg Equip	1	ReportLandBldgEquip
Report Invest Oth Securities	0	ReportInvestOthSecurities
Report Prog Rel Invest	0	ReportProgRelInvest
Report Other Assets	0	ReportOtherAssets
Report Other Liabilities	0	ReportOtherLiabilities
Report Fin48 Footnote	1	ReportFin48Footnote
Independent Audit Financial Stmt	1	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	0	ConsolidatedAuditFinancialStmt
School	0	School
Foreign Office	0	ForeignOffice
Foreign Activities	0	ForeignActivities
More Than5000 K To Organizations	0	MoreThan5000KToOrganizations
More Than5000 K To Individuals	0	MoreThan5000KToIndividuals
Professional Fundraising	0	ProfessionalFundraising
Fundraising Activities	0	FundraisingActivities
Gaming	0	Gaming
Hospital	0	Hospital
Grants To Organizations	1	GrantsToOrganizations
Grants To Individuals	0	GrantsToIndividuals
Schedule J Required	0	ScheduleJRequired
Tax Exempt Bonds	0	TaxExemptBonds
Excess Benefit Transaction	0	ExcessBenefitTransaction
Prior Excess Benefit Transaction	0	PriorExcessBenefitTransaction
Loan To Officer Or DQP	0	LoanToOfficerOrDQP
Grant To Related Person	0	GrantToRelatedPerson
Bsnss Rltnshp With Organization	0	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	0	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	0	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	0	DeductibleNonCashContributions
Deductible Contributions Of Art	0	DeductibleContributionsOfArt
Terminated	0	Terminated
Partial Liquidation	0	PartialLiquidation
Disregarded Entity	0	DisregardedEntity
Related Entity	0	RelatedEntity
Related Org Controlled Entity	0	RelatedOrgControlledEntity
Transaction Related Entity	0	TransactionRelatedEntity
Transfers To Exempt Non Chrtbl Org	0	TransfersToExemptNonChrtblOrg
Activities Conducted Partnership	0	ActivitiesConductedPartnership
Schedule O Required	1	ScheduleORequired
Number Forms Transmitted With1096	14	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Number Of Employees	21	NumberOfEmployees
Employment Tax Returns Filed	1	EmploymentTaxReturnsFiled
Unrelated Business Income	0	UnrelatedBusinessIncome
Foreign Financial Account	0	ForeignFinancialAccount
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTrans
Taxable Party Notification	0	TaxablePartyNotification
Non Deductible Contributions	0	NonDeductibleContributions
Quid Pro Quo Contributions	0	QuidProQuoContributions
Form8282 Property Disposed Of	0	Form8282PropertyDisposedOf
Funds To Pay Premiums	0	FundsToPayPremiums
Premiums Paid	0	PremiumsPaid
Indoor Tanning Services	0	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	4	NbrVotingGoverningBodyMembers
Number Independent Voting Members	3	NumberIndependentVotingMembers
Family Or Business Relationship	0	FamilyOrBusinessRelationship
Delegation Of Management Duties	0	DelegationOfManagementDuties
Changes To Organizing Docs	0	ChangesToOrganizingDocs
Material Diversion Or Misuse	0	MaterialDiversionOrMisuse
Members Or Stockholders	0	MembersOrStockholders
Election Of Board Members	0	ElectionOfBoardMembers
Decisions Subject To Approval	0	DecisionsSubjectToApproval
Minutes Of Governing Body	1	MinutesOfGoverningBody
Minutes Of Committees	1	MinutesOfCommittees
Officer Mailing Address	0	OfficerMailingAddress
Local Chapters	0	LocalChapters
Form990 Provided To Governing Body	1	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	1	ConflictOfInterestPolicy
Annual Disclosure Covered Persons	1	AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement	1	RegularMonitoringEnforcement
Whistleblower Policy	1	WhistleblowerPolicy
Document Retention Policy	1	DocumentRetentionPolicy
Compensation Process CEO	1	CompensationProcessCEO
Compensation Process Other	0	CompensationProcessOther
Investment In Joint Venture	0	InvestmentInJointVenture
States Where Copy Of Return Is Filed	MA	StatesWhereCopyOfReturnIsFiled
Other Website	X	OtherWebsite
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Name Business NameBusiness

Field	Value	IRS element (for citing)
Business Name Line1	SCOTT GIVEN	BusinessNameLine1

Field	Value	IRS element (for citing)
Telephone Number	6177522854	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	90 CANAL STREET	AddressLine1
City	BOSTON	City
State	MA	State
ZIP Code	02114	ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (4 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Individual Trustee Or DirectorIndividualTrusteeOrDirector	OfficerOfficer	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation
JORDAN MERANUS
PRESIDENT AND TREASURER	4.00	X	X	0	0	0
FARHAD NANJI
BOARD MEMBER	4.00	X		0	0	0
SCOTT GIVEN
CEO/BOARD MEMBER	40.00	X	X	123477	0	6019
YUTAKA TAMURA
BOARD MEMBER	4.00	X		0	0	0

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	123477	TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs	0	TotalReportableCompFrmRltdOrgs
Total Other Compensation	6019	TotalOtherCompensation
Number Individuals GT100 K	1	NumberIndividualsGT100K
Formers Listed	0	FormersListed
Total Comp GT150 K	0	TotalCompGT150K
Compensation From Other Sources	0	CompensationFromOtherSources

Contractor Compensation ContractorCompensation

Name Of Contractor NameOfContractor

Name Business NameBusiness

Field	Value	IRS element (for citing)
Business Name Line1	INSOURCE SERVICES INC	BusinessNameLine1

Address Of Contractor AddressOfContractor

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	148 LINDEN STREET	AddressLine1
City	WELLESLEY	City
State	MA	State
ZIP Code	02482	ZIPCode

Field	Value	IRS element (for citing)
Description Of Services	ACCOUNTING & TECHNOLOGY SERVICES	DescriptionOfServices
Compensation	132348	Compensation

Field	Value	IRS element (for citing)
Number Of Contractors GT100 K	1	NumberOfContractorsGT100K
All Other Contributions	853468	AllOtherContributions
Total Contributions	853468	TotalContributions

Program Service Revenue ProgramServiceRevenue

Field	Value	IRS element (for citing)
Description	SERVICE FEES	Description
Business Code	900099	BusinessCode
Total Revenue Column	519550	TotalRevenueColumn
Related Or Exempt Function Income	519550	RelatedOrExemptFunctionIncome

Field	Value	IRS element (for citing)
Total Program Service Revenue	519550	TotalProgramServiceRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	1373018	TotalRevenueColumn
Related Or Exempt Function Income	519550	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	0	UnrelatedBusinessRevenue
Exclusion	$0	ExclusionAmount

Grants To Domestic Orgs GrantsToDomesticOrgs

Field	Value	IRS element (for citing)
Total	264694	Total
Program Services	264694	ProgramServices

Comp Current Officers Directors CompCurrentOfficersDirectors

Field	Value	IRS element (for citing)
Total	143519	Total
Program Services	97593	ProgramServices
Management And General	31574	ManagementAndGeneral
Fundraising	14352	Fundraising

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	395929	Total
Program Services	317402	ProgramServices
Management And General	76268	ManagementAndGeneral
Fundraising	2259	Fundraising

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	14898	Total
Program Services	12014	ProgramServices
Management And General	2859	ManagementAndGeneral
Fundraising	25	Fundraising

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	46465	Total
Program Services	35777	ProgramServices
Management And General	9294	ManagementAndGeneral
Fundraising	1394	Fundraising

Fees For Services Legal FeesForServicesLegal

Field	Value	IRS element (for citing)
Total	79196	Total
Program Services	68634	ProgramServices
Management And General	10562	ManagementAndGeneral

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	71967	Total
Program Services	60516	ProgramServices
Management And General	11451	ManagementAndGeneral

Fees For Services Lobbying FeesForServicesLobbying

Field	Value	IRS element (for citing)
Total	32500	Total
Program Services	32500	ProgramServices

Fees For Services Other FeesForServicesOther

Field	Value	IRS element (for citing)
Total	68109	Total
Program Services	46477	ProgramServices
Management And General	16952	ManagementAndGeneral
Fundraising	4680	Fundraising

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	65853	Total
Program Services	46334	ProgramServices
Management And General	19030	ManagementAndGeneral
Fundraising	489	Fundraising

Information Technology InformationTechnology

Field	Value	IRS element (for citing)
Total	4875	Total
Program Services	3797	ProgramServices
Management And General	1078	ManagementAndGeneral

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	14322	Total
Program Services	6226	ProgramServices
Management And General	7699	ManagementAndGeneral
Fundraising	397	Fundraising

Travel Travel

Field	Value	IRS element (for citing)
Total	39621	Total
Program Services	27905	ProgramServices
Management And General	11641	ManagementAndGeneral
Fundraising	75	Fundraising

Conferences Meetings ConferencesMeetings

Field	Value	IRS element (for citing)
Total	4294	Total
Program Services	2299	ProgramServices
Management And General	1916	ManagementAndGeneral
Fundraising	79	Fundraising

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	9237	Total
Program Services	7112	ProgramServices
Management And General	1848	ManagementAndGeneral
Fundraising	277	Fundraising

Insurance Insurance

Field	Value	IRS element (for citing)
Total	2202	Total
Program Services	1695	ProgramServices
Management And General	441	ManagementAndGeneral
Fundraising	66	Fundraising

Other Expenses OtherExpenses (3 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices	Management And GeneralManagementAndGeneral	FundraisingFundraising
RECRUITING	41583	40141	1442
PROFESSIONAL DEVELOPMEN	20763	18813	1950
MISCELLANEOUS	3860	2006	1588	266

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	1323887	Total
Program Services	1091935	ProgramServices
Management And General	207593	ManagementAndGeneral
Fundraising	24359	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	380697	BOY
EOY	81633	EOY

Pledges And Grants Receivable PledgesAndGrantsReceivable

Field	Value	IRS element (for citing)
BOY	360000	BOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
EOY	365873	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	33233	BOY
EOY	59876	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	59904	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	14831	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	14972	BOY
EOY	45073	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	788902	BOY
EOY	552455	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	100950	BOY
EOY	127589	EOY

Grants Payable GrantsPayable

Field	Value	IRS element (for citing)
BOY	317305	BOY
EOY	5088	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	418255	BOY
EOY	132677	EOY

Field	Value	IRS element (for citing)
Follow SFAS117	X	FollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	6975	BOY
EOY	419778	EOY

Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	363672	BOY
EOY	0	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	370647	BOY
EOY	419778	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	788902	BOY
EOY	552455	EOY

Field	Value	IRS element (for citing)
Reconcilation Revenue Expenses	49131	ReconcilationRevenueExpenses
Reconcilation Other Changes	0	ReconcilationOtherChanges
Info In Schedule O Part XII	X	InfoInScheduleOPartXII
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	0	AccountantCompileOrReview
FS Audited	1	FSAudited
Audit Committee	1	AuditCommittee
Financial Statement Separate	X	FinancialStatementSeparate
Federal Grant Audit Required	0	FederalGrantAuditRequired

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
Publicly Supported Org170b1 Avi	X	PubliclySupportedOrg170b1Avi

Gifts Grants Contrib Received170 GiftsGrantsContribReceived170

Field	Value	IRS element (for citing)
Current Tax Year Minus2 Years	45360	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	1793090	CurrentTaxYearMinus1Year
Current Tax Year	853468	CurrentTaxYear
Total	2691918	Total

Total170 Total170

Field	Value	IRS element (for citing)
Current Tax Year Minus2 Years	45360	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	1793090	CurrentTaxYearMinus1Year
Current Tax Year	853468	CurrentTaxYear
Total	2691918	Total

Field	Value	IRS element (for citing)
Amounts Subst Contributors Total	1197810	AmountsSubstContributorsTotal
Public Support Total170	1494108	PublicSupportTotal170
Total Support	2691918	TotalSupport
Gross Receipts From Admissions Etc	519550	GrossReceiptsFromAdmissionsEtc
First5 Years170	X	First5Years170

Schedule B IRS990ScheduleB

Contributor Info ContributorInfo

Field	Value	IRS element (for citing)
Contributor Number	RESTRICTED	ContributorNumber

Contributor Name Business ContributorNameBusiness

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor Address US ContributorAddressUS

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Aggregate Contributions	RESTRICTED	AggregateContributions

Schedule C IRS990ScheduleC

Field	Value	IRS element (for citing)
Volunteers	0	Volunteers
Paid Staff Or Management	0	PaidStaffOrManagement
Media Advertisements	0	MediaAdvertisements
Mailings Members	0	MailingsMembers
Publications Or Broadcast	0	PublicationsOrBroadcast
Grants Other Organizations	0	GrantsOtherOrganizations
Direct Contact Legislators	1	DirectContactLegislators
Direct Contact Legislators	$32,500	DirectContactLegislatorsAmount
Rallies Demonstrations	0	RalliesDemonstrations
Other Activities	0	OtherActivities
Total Lobbying Expenditures IIB	32500	TotalLobbyingExpendituresIIB
Not Described In501c3	0	NotDescribedIn501c3

Schedule D IRS990ScheduleD

Equipment Equipment

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	59904	OtherCostOrOtherBasis
Depreciation	14831	Depreciation
Book Value	45073	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	45073	TotalOfBookValueLandBuildings
Total Revenue	1373018	TotalRevenue
Total Expenses	1323887	TotalExpenses
Excess Or Deficit For Year	49131	ExcessOrDeficitForYear
Excess Or Deficit Per FS	49131	ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt	1377968	TotRevenueEtcAuditedFinclStmt
Donated Srvc And Use Of Facilities	4950	DonatedSrvcAndUseOfFacilities
Revenue Not Rptd F990	4950	RevenueNotRptdF990
Revenue Subtotal	1373018	RevenueSubtotal
Revenue Not Rptd On Fin Stmt	0	RevenueNotRptdOnFinStmt
Total Revenue Per Form990	1373018	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	1328837	TotExpensesEtcAuditedFinclStmt
Donated Services Use Of Facilities	4950	DonatedServicesUseOfFacilities
Expenses Not Rptd F990	4950	ExpensesNotRptdF990
Expenses Subtotal	1323887	ExpensesSubtotal
Expenses Not Rptd On Fin Stmt	0	ExpensesNotRptdOnFinStmt
Total Expenses Per Form990	1323887	TotalExpensesPerForm990

Form990 Schedule D Part XIV Form990ScheduleDPartXIV

Field	Value	IRS element (for citing)
Identifier	DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48:	Identifier
Return Reference	PART X:	ReturnReference
Explanation	THE ORGANIZATION FOLLOWS THE U.S. GAAP STANDARDS FOR ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES WHICH REQUIRES THE ORGANIZATION TO REPORT UNCERTAIN TAX POSITIONS, RELATED INTEREST AND PENALTIES, AND TO ADJUST ITS ASSETS AND LIABILITIES RELATED TO UNRECOGNIZED TAX BENEFITS AND ACCRUED INTEREST AND PENALTIES ACCORDINGLY. AS OF JUNE 30, 2012, THE ORGANIZATION DETERMINED THAT THERE ARE NO MATERIAL UNRECOGNIZED TAX BENEFITS TO REPORT. THE ORGANIZATION FILES INFORMATION RETURNS IN THE UNITED STATES FEDERAL AND MASSACHUSETTS STATE JURISDICTIONS. THESE RETURNS ARE GENERALLY SUBJECT TO EXAMINATION BY TAX AUTHORITIES FOR THE LAST THREE YEARS.	Explanation

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Records Maintained	1	RecordsMaintained

Recipient Table RecipientTable

Recipient Name Business RecipientNameBusiness

Field	Value	IRS element (for citing)
Business Name Line1	UP ACADEMY CHARTER SCHOOL OF BOSTON	BusinessNameLine1

Field	Value	IRS element (for citing)
EIN Of Recipient	450625911	EINOfRecipient
IRC Section	3	IRCSection
Amount Of Cash Grant	264694	AmountOfCashGrant
Method Of Valuation	FAIR MARKET VALUE	MethodOfValuation
Purpose Of Grant	FOR THE PURCHASE AND INSTALLATION OF A SCHOOL COMPUTER LAB AND IT SERVICES PROVIDED TO THE SCHOOL.	PurposeOfGrant

Field	Value	IRS element (for citing)
Total Nbr Of501 C3 And Govt Grants	1	TotalNbrOf501C3AndGovtGrants

Form990 Schedule I Part IV Form990ScheduleIPartIV

Field	Value	IRS element (for citing)
Identifier	PROCEDURE FOR MONITORING GRANTS IN THE U.S.:	Identifier
Return Reference	PART I, LINE 2:	ReturnReference
Explanation	SCHEDULE I, PART I, LINE 2: UNLOCKING POTENTIAL WILL GIVE UP ACADEMY A GRANT LETTER THAT WILL SPECIFY HOW THE GRANT FUNDS SHOULD BE USED AND ANY RESTRICTIONS ON THE GRANT FUNDS. UPON DISBURSEMENT OF GRANT FUNDS TO UP ACADEMY, UNLOCKING POTENTIAL WILL REQUIRE UP ACADEMY TO PROVIDE THE FOLLOWING: -AN ANNUAL NARRATIVE OF HOW THE FUNDS WERE SPENT. THIS NARRATIVE WILL INCLUDE A SUMMARY OF PROJECTS THAT THE GRANT FUNDS WERE USED FOR. -QUARTERLY UPDATES ON PROJECT ACTIVITIES AND PROGRESS MADE TOWARDS PROJECT GOALS.	Explanation

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (5 entries)

Return ReferenceReturnReference	ExplanationExplanation
FORM 990, PART VI, SECTION B, LINE 11	THE FORM 990 IS PROVIDED TO BOARD MEMBERS PRIOR TO FILING. IT IS EMAILED TO THEM FOR REVIEW PRIOR TO A BOARD MEETING. ANY QUESTIONS ARE DISCUSSED DURING THE BOARD MEETING. IF THERE IS NOT A BOARD MEETING IN BETWEEN WHEN IT IS PREPARED AND WHEN IT IS DUE, THEN THEY HAVE THE OPPORTUNITY TO REVIEW IT OVER EMAIL.
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	THE PROCESS FOR DETERMINING COMPENSATION OF THE ORGANIZATIONS CEO WAS COORDINATED BY THE COMPENSATION COMMITTEE. THIS COMMITTEE WAS MADE UP OF THREE MEMBERS OF THE BOARD OF TRUSTEES. THE COMPENSATION COMMITTEE EVALUATED COMPARABLE SALARIES FOR CEOS OF OTHER CHARTER MANAGEMENT ORGANIZATIONS AND CONDUCTED A COMPARABLE ANALYSIS TO DETERMINE COMPENSATION OF UNLOCKING POTENTIAL'S CEO.
FORM 990, PART VI, SECTION C, LINE 19	THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAIABLE UPON REQUEST.
FORM 990, PART XIII, LINE 2C	THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS IS RESPONSIBLE FOR OVERSIGHT OF THE AUDIT OF UNLOCKING POTENTIAL, INC.'S FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT.