2026-05-13T01:50:10-05:00 2025-06-30 333709623 COHNREZNICK ADVISORY LLC 350 CHURCH STREET 12TH FLOOR HARTFORD CT 06103 990 2024-07-01 651203744 ACHIEVEMENT FIRST INC ACHI 2037733223 470 JAMES STREET 007 NEW HAVEN CT 06513 ANDREW BOAS CHAIRMAN 2037733223 2026-05-11 1 1 LAURA KIELCZEWSKI P00740769 9592007000 2026-05-10 2024 2025-03-06 01:10:19Z ANDREW BOAS 470 JAMES STREET 007 NEW HAVEN CT 06513 54910985 0 X WWW.ACHIEVEMENTFIRST.ORG X 2003 CT ACHIEVEMENT FIRST, INC. IS A NON-PROFIT CHARTER SCHOOLS MANAGEMENT ORGANIZATION THAT OPERATES A NETWORK OF K-12 PUBLIC CHARTER SCHOOLS IN CONNECTICUT, RHODE ISLAND, AND NEW YORK. THE NETWORK OF SCHOOLS FOCUSES ON PROVIDING STUDENTS WITH THE ACADEMIC AND CHARACTER SKILLS THEY NEED TO GRADUATE FROM TOP COLLEGES, TO SUCCEED IN A COMPETITIVE WORLD, AND TO SERVE AS THE NEXT GENERATION OF LEADERS OF THEIR COMMUNITIES. 10 10 290 10 0 0 14643020 7597880 35319277 36550098 11890 406469 6495223 10356476 56469410 54910923 2913449 3076582 0 0 31911766 32576639 0 0 956678 16285329 15287241 51110544 50940462 5358866 3970461 91730615 98826630 58384753 61510307 33345862 37316323 X ACHIEVEMENT FIRST, INC. IS A NON-PROFIT CHARTER SCHOOLS MANAGEMENT ORGANIZATION THAT OPERATES A NETWORK OF K-12 PUBLIC CHARTER SCHOOLS IN CONNECTICUT, RHODE ISLAND, AND NEW YORK. THE NETWORK OF SCHOOLS FOCUSES ON PROVIDING STUDENTS WITH THE ACADEMIC AND CHARACTER SKILLS THEY NEED TO GRADUATE FROM TOP COLLEGES, TO SUCCEED IN A COMPETITIVE WORLD, AND TO SERVE AS THE NEXT GENERATION OF LEADERS OF THEIR COMMUNITIES. 0 0 39696370 263455 36788023 EDUCATIONAL, FINANCIAL AND MANAGEMENT SERVICES TO CHARTER SCHOOLS IN CONNECTICUT, NEW YORK AND RHODE ISLAND. 2368446 2813127 SCHOOL GRANTS: TO PROVIDE ASSISTANCE TO A NETWORK OF K-12 PUBLIC CHARTER SCHOOLS IN CONNECTICUT, RHODE ISLAND, AND NEW YORK. THE NETWORK OF SCHOOLS FOCUSES ON PROVIDING STUDENTS WITH THE ACADEMIC AND CHARACTER SKILLS THEY NEED TO GRADUATE FROM TOP COLLEGES, TO SUCCEED IN A COMPETITIVE WORLD, AND TO SERVE AS THE NEXT GENERATION OF LEADERS OF THEIR COMMUNITIES. CONTRIBUTIONS, GIFTS, AND GRANTS WERE RECEIVED BY THE ORGANIZATION WHICH WERE USED TO COVER THE EXPENSES OF THESE PROGRAMS. IMPROVEMENT OF EDUCATIONAL EXPERIENCES RELATED TO PREPARATION AND SUCCESS IN COLLEGE, INNOVATION IN ELEMENTARY SCHOOL DESIGN, PARENT AND COMMUNITY ENGAGEMENT AND, SHARING EDUCATIONAL PRACTICES WITH TRADITIONAL PUBLIC AND OTHER CHARTER SCHOOLS. 42064816 1 1 0 1 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 114 0 1 290 1 0 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY CT RI X KIMBERLY HOLZMANN-KROLICK 2037733223 470 JAMES STREET 007 NEW HAVEN CT 06513 ANDREW BOAS CHAIR/ACTING TREASURER 1.00 X X 0 0 0 CARRIE SCHINDELE DIRECTOR 1.00 X 0 0 0 ELIZABETH ROSE DIRECTOR 1.00 X 0 0 0 JENNIFER MULHERN DIRECTOR 1.00 X 0 0 0 KATHY HAMEL DIRECTOR 1.00 X 0 0 0 KATIE BALLAH DIRECTOR 1.00 X 0 0 0 PINAK PUJARI DIRECTOR 1.00 X 0 0 0 RESHMA SINGH DIRECTOR 1.00 X 0 0 0 SHELLY CLEARY DIRECTOR 1.00 X 0 0 0 VALERIE ROCKEFELLER DIRECTOR 1.00 X 0 0 0 LISA MARGOSIAN CEO 40.00 X 418392 0 4900 DUMAR PADEN CHIEF OF SCHOOLS, HIGH SCHOOL 40.00 X 213343 0 14016 JOHN SHARKEY CHIEF ACADEMIC OFFICER 40.00 X 219369 0 12693 MICHAEL RABIN CHIEF STRATEGY OFFICER 40.00 X 212422 0 44625 RUCHIKA SHARMA CHIEF PEOPLE OFFICER 40.00 X 251265 0 0 TIFFANY BOSTIC CHIEF OF SUPPORT SERVICES 40.00 X 209942 0 12490 1524733 0 88724 135 0 1 0 ATTUNED EDUCATION PARTNERS LLC 716 VALLEY ROAD MONTCLAIR NJ 07043 CONSULTING SERVICES 776800 APRIO LLP PO BOX 117310 ATLANTA GA 30368 CONSULTING SERVICES 592152 COHNREZNICK LLP 350 CHURCH STREET HARTFORD CT 061031136 AUDIT & TAX SERVICES 372306 EFFECTIVE SCHOOL SOLUTIONS LLC 121 CHANLON ROAD SUITE 310 NEW PROVIDENCE NJ 07974 CONSULTING SERVICES 260100 REBECCA C DUKES SCHOOLHOUSE MENTORING LL 301 INDIAN WELLS COURT UNIT 301 MURRELLS INLET SC 29576 CONSULTING SERVICES 174663 5 7597880 7597880 MANAGEMENT FEE 541610 29454586 29454586 ANCILLARY SCHOOL SERVICES 541610 4946000 4946000 FEDERAL E-RATE FUNDING 541610 1329050 1329050 CHARTER START UP 541610 820462 820462 36550098 406531 406531 10118551 0 10118551 10118551 10118551 62 -62 -62 -62 237925 237925 237925 54910923 36788023 0 10525020 2813127 2813127 263455 263455 420000 346877 62979 10144 26859251 22182991 4027517 648743 790631 656144 115665 18822 1985369 1647658 290448 47263 2521388 2092500 368864 60024 165116 141590 20298 3228 56174 33064 22144 966 71500 71500 3607909 2165670 1378960 63279 743507 632679 110828 360264 202241 84123 73900 701080 584254 115626 1200 6440704 6270572 170132 1368431 812446 543286 12699 255894 246233 9661 1023506 791369 232137 3227 3027 174 26 SCHOOL PROGRAM SUPPORT 303205 31315 269454 2436 GOVERNANCE, ADVOCACY AN 92550 79364 11377 1809 94174 68240 13795 12139 50940462 42064816 7918968 956678 11292568 23221099 84428 27404 10102752 3483741 91599 2114530 1500000 1500000 2670455 1716473 9477893 6923440 1367710 2554453 44375780 45655340 20245323 18553590 91730615 98826630 3387595 2781744 219823 9910987 10820105 45086171 47688635 58384753 61510307 X 28215499 33895709 5130363 3420614 33345862 37316323 91730615 98826630 3970461 0 X 0 1 X 1 1 1 X 33892366 11655683 5555473 14643020 7597880 73344422 33892366 11655683 5555473 14643020 7597880 73344422 12718848 60625574 83780 1920788 2838226 6593419 10525082 21961295 897745 979127 1209577 57576 237925 3381950 98687667 166996005 0.61430 0.66960 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: CURRICULUM DEVELOPMENT REVENUE - 2020 AMOUNT: $ 864,000. 2021 AMOUNT: $ 924,000. 2022 AMOUNT: $ 936,000. MISCELLANEOUS INCOME - 2020 AMOUNT: $ 33,745. 2021 AMOUNT: $ 55,127. 2022 AMOUNT: $ 273,577. 2023 AMOUNT: $ 57,576. 2024 AMOUNT: $ 237,925. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 71500 71500 0 PART II-B, LINE 1: THE ORGANIZATION PAYS TRUE NORTH COMMUNCATIONS, ATHENA SOLUTIONS, AND CAPITOL CITY GROUP FOR LOBBYING ACTIVITIES IN SUPPORT OF CHARTER SCHOOLS. 8644944 6421713 2223231 48885 23575 25310 784064 478152 305912 2554453 DUE FROM AFFILIATES 11756393 CONSTRUCTION IN PROGRESS 4745089 INSURANCE RESERVE 2052000 OTHER RECEIVABLES 108 18553590 LEASE LIABILITY 47293429 DUE FROM RELATED PARTY 395206 47688635 X 54910923 0 54910923 0 54910923 50940462 0 50940462 0 50940462 PART X, LINE 2: AF IS CLASSIFIED BY THE INTERNAL REVENUE SERVICE AS EXEMPT FROM INCOME TAX UNDER SECTION 501(A) OF THE IRC AS DESCRIBED IN SECTION 501(C)(3). MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY AF AND HAS CONCLUDED THAT, AS OF JUNE 30, 2025, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. AF'S FEDERAL INFORMATION RETURNS PRIOR TO FISCAL YEAR 2022 ARE CLOSED AND MANAGEMENT CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS. IF APPLICABLE, AF WOULD RECOGNIZE INTEREST AND PENALTIES ASSOCIATED WITH TAX MATTERS AS PART OF MANAGEMENT AND GENERAL EXPENSES IN THE CONSOLIDATED STATEMENT OF ACTIVITIES AND CHANGES IN NET ASSETS AND INCLUDE ACCRUED INTEREST AND PENALTIES IN ACCRUED EXPENSES IN THE CONSOLIDATED STATEMENT OF FINANCIAL POSITION. AF DID NOT RECOGNIZE ANY INTEREST OR PENALTIES ASSOCIATED WITH TAX MATTERS FOR THE YEAR ENDED JUNE 30, 2025. AF GLENMORE, AF QUEENS, AF WAVERLY AND AF BROOKLYN HAVE BEEN ORGANIZED AS SINGLE MEMBER LIMITED LIABILITY COMPANIES. THEREFORE, THE ENTITIES ARE DISREGARDED FOR TAX PURPOSES. 1 ACHIEVEMENT FIRST BRIDGEPORT ACADEMY 370 JAMES ST STE 404 NEW HAVEN CT 06513 371543858 501(C)(3) 525245 0 TO SUPPORT THE GENERAL OPERATING EXPENSES OF THE SCHOOL. ACHIEVEMENT FIRST HARTFORD ACADEMY 370 JAMES ST STE 404 NEW HAVEN CT 06513 262236909 501(C)(3) 349919 0 TO SUPPORT THE GENERAL OPERATING EXPENSES OF THE SCHOOL. ACHIEVEMENT FIRST RHODE ISLAND INC 370 JAMES ST STE 404 NEW HAVEN CT 06513 461986417 501(C)(3) 1125603 0 TO SUPPORT THE GENERAL OPERATING EXPENSES OF THE SCHOOL. AMISTAD ACADEMY INC 370 JAMES ST STE 404 NEW HAVEN CT 06513 061546695 501(C)(3) 178588 0 TO SUPPORT THE GENERAL OPERATING EXPENSES OF THE SCHOOL. ELM CITY COLLEGE PREPARATORY INC 370 JAMES ST STE 404 NEW HAVEN CT 06513 205196171 501(C)(3) 633772 0 TO SUPPORT THE GENERAL OPERATING EXPENSES OF THE SCHOOL. 5 SCHOLARSHIPS 199 263455 PART I, LINE 2: GRANTS GIVEN TO THE SCHOOLS ARE FOR OPERATING EXPENSES. ACHIEVEMENT FIRST, INC. PLAYS AN OVERSIGHT ROLE FOR EACH SCHOOL IN MONITORING THE USE OF GRANT FUNDS. APPLICATIONS ARE REVIEWED PRIOR TO SCHOLARSHIPS BEING AWARDED, AND THE SCHOLARSHIPS ARE APPLIED DIRECTLY AGAINST STUDENT TUITION. X X 0 0 0 0 0 0 0 0 0 LISA MARGOSIAN CEO 417600 0 0 0 792 0 2500 0 2400 0 423292 0 0 0 MICHAEL RABIN CHIEF STRATEGY OFFICER 212314 0 0 0 108 0 2500 0 42125 0 257047 0 0 0 RUCHIKA SHARMA CHIEF PEOPLE OFFICER 251145 0 0 0 120 0 0 0 0 0 251265 0 0 0 JOHN SHARKEY CHIEF ACADEMIC OFFICER 219261 0 0 0 108 0 0 0 12693 0 232062 0 0 0 DUMAR PADEN CHIEF OF SCHOOLS, HIGH SCHOOL 213235 0 0 0 108 0 2500 0 11516 0 227359 0 0 0 TIFFANY BOSTIC CHIEF OF SUPPORT SERVICES 209822 0 0 0 120 0 2500 0 9990 0 222432 0 0 0 FORM 990, PART VI, SECTION A, LINE 3 DURING THE YEAR THE ORGANIZATION ENGAGED THE SERVICES OF NON-PROFIT FINANCE SOLUTIONS AND CAREY & CO TO FILL THE CFO ROLL. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PRESENTED TO BOARD FINANCE COMMITTEE MEMBERS PRIOR TO SUBMISSION TO THE IRS. FORM 990 IS ALSO REVIEWED BY THE AUDIT & ACCOUNTING SPECIALIST, AND A COPY IS MADE AVAILABLE TO THE FULL BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE REQUIRED ANNUALLY, TO DISCLOSE CONFLICTS OF INTEREST. VENDORS AND OTHER MAJOR CONTRACTORS ARE REQUIRED TO ENSURE THERE ARE NO CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE CONCERNED PARTIES' SALARIES ARE DETERMINED THROUGH COMPARISON TO SIMILAR ORGANIZATIONS AND REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 ALL THESE DOCUMENTS ARE AVAILABLE UPON REQUEST AT NO COST TO THE PUBLIC. THE ORGANIZATION'S FORM 990 IS AVAILABLE BOTH UPON REQUEST AND ON THE WEBSITE WWW.GUIDESTAR.ORG. ACHIEVEMENT FIRST WAVERLY LLC 510 WAVERLY AVE BROOKLYN NY 11238 REAL ESTATE DE 0 0 ACHIEVEMENT FIRST INC AF GLENMORE AVENUE LLC 510 WAVERLY AVE BROOKLYN NY 11238 REAL ESTATE DE 4046133 46022377 ACHIEVEMENT FIRST INC AF QUEENS ES1 LLC 510 WAVERLY AVE BROOKLYN NY 11238 REAL ESTATE DE 3354051 8180975 ACHIEVEMENT FIRST INC ACHIEVEMENT FIRST BROOKLYN HS4 LLC 510 WAVERLY AVE BROOKLYN NY 11238 REAL ESTATE DE 2800397 4176203 ACHIEVEMENT FIRST INC