2013-04-10T14:07:08-05:00 2012-06-30 042571780 ALEXANDER ARONSON FINNING & CO PC 21 EAST MAIN STREET WESTBORO MA 01581 990 2011-07-01 272194956 UNLOCKING POTENTIAL INC UNLO 6177522854 90 CANAL STREET NO 610 BOSTON MA 02114 SCOTT GIVEN 6179799230 2013-03-09 1 JOHN BUCKLEY CPA P00830631 5083669100 2013-02-15 2011 2016-02-25 16:41:14Z X SCOTT GIVEN 215 DORCHESTER STREET BOSTON MA 02127 1373018 0 X WWW.UNLOCKING-POTENTIAL.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. 4 3 21 275 0 0 1792590 853468 0 519550 0 0 500 0 1793090 1373018 400000 264694 0 0 591609 600811 0 0 24359 437583 458382 1429192 1323887 363898 49131 788902 552455 418255 132677 370647 419778 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 1091935 264694 519550 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. 1091935 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 14 0 21 1 0 0 0 0 0 0 0 0 0 0 X 4 3 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MA X X SCOTT GIVEN 6177522854 90 CANAL STREET BOSTON MA 02114 JORDAN MERANUS 4.00 X X 0 0 0 FARHAD NANJI 4.00 X 0 0 0 SCOTT GIVEN 40.00 X X 123477 0 6019 YUTAKA TAMURA 4.00 X 0 0 0 123477 0 6019 1 0 0 0 INSOURCE SERVICES INC 148 LINDEN STREET WELLESLEY MA 02482 ACCOUNTING & TECHNOLOGY SERVICES 132348 1 853468 853468 SERVICE FEES 900099 519550 519550 519550 1373018 519550 0 0 264694 264694 143519 97593 31574 14352 395929 317402 76268 2259 14898 12014 2859 25 46465 35777 9294 1394 79196 68634 10562 71967 60516 11451 32500 32500 68109 46477 16952 4680 65853 46334 19030 489 4875 3797 1078 14322 6226 7699 397 39621 27905 11641 75 4294 2299 1916 79 9237 7112 1848 277 2202 1695 441 66 RECRUITING 41583 40141 1442 PROFESSIONAL DEVELOPMEN 20763 18813 1950 MISCELLANEOUS 3860 2006 1588 266 1323887 1091935 207593 24359 380697 81633 360000 365873 33233 59876 59904 14831 14972 45073 788902 552455 100950 127589 317305 5088 418255 132677 X 6975 419778 363672 0 370647 419778 788902 552455 49131 0 X X 0 1 1 X 0 X 45360 1793090 853468 2691918 45360 1793090 853468 2691918 1197810 1494108 2691918 519550 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 32500 0 0 32500 0 59904 14831 45073 45073 1373018 1323887 49131 49131 1377968 4950 4950 1373018 0 1373018 1328837 4950 4950 1323887 0 1323887 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: 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. 1 UP ACADEMY CHARTER SCHOOL OF BOSTON 450625911 3 264694 FAIR MARKET VALUE FOR THE PURCHASE AND INSTALLATION OF A SCHOOL COMPUTER LAB AND IT SERVICES PROVIDED TO THE SCHOOL. 1 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: 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. 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.