2024-05-15T20:36:05-05:00 2023-06-30 873231666 PKF O'CONNOR DAVIES ADVISORY LLC 245 PARK AVENUE 12TH FLOOR NEW YORK NY 10167 990 2022-07-01 204241997 PAVE SCHOOLS INC PAVE 7188587813 732 HENRY STREET BROOKLYN NY 11231 STEVE OLSON TREASURER 7188587813 2024-05-15 1 STEVE OLSON 999009999 1 GARRETT M HIGGINS P00543209 2122862600 2024-05-14 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z PATRICK SWEENEY 732 HENRY STREET BROOKLYN NY 11231 22272 0 X WWW.PAVESCHOOLS.ORG X 2006 NY PAVE SCHOOLS, INC. SUPPORTED THE OPERATION OF CHARTER SCHOOLS IN BROOKLYN, NEW YORK AND RALEIGH, NORTH CAROLINA. THE ORGANIZATION HAS SHUT DOWN OPERATIONS AND THE CHARTER SCHOOLS NOW EXIST AS A STAND ALONE, COMMUNITY BASED PUBLIC CHARTER SCHOOLS GOVERNED AND SUPPORTED BY LOCAL BOARDS OF DIRECTORS. 5 5 0 5 0 0 5000 20000 0 0 559 2142 0 130 5559 22272 5000 20000 0 0 0 0 0 0 0 993102 982023 998102 1002023 -992543 -979751 31353489 30379221 16517 22000 31336972 30357221 X PAVE SCHOOLS, INC. SUPPORTED THE OPERATION OF CHARTER SCHOOLS IN BROOKLYN, NEW YORK, AND RALEIGH, NORTH CAROLINA, AND FOCUSED ON THE CORE VALUES OF PERSEVERANCE, ACHIEVEMENT, VIBRANCE, AND EXCELLENT CHARACTER, INCLUDING SUPPORT THROUGH FUNDRAISING. THE ORGANIZATION HAS SHUT DOWN OPERATIONS AND THE CHARTER SCHOOLS NOW EXIST AS A STAND ALONE, COMMUNITY BASED PUBLIC CHARTER SCHOOLS GOVERNED AND SUPPORTED BY LOCAL BOARDS OF DIRECTORS. 0 0 975019 20000 0 PAVE SCHOOLS, INC. A CHARTER MANAGEMENT ORGANIZATION PROVIDED PAVE ACADEMY CHARTER SCHOOL AND PAVE SOUTHEAST RALEIGH CHARTER SCHOOL WITH MANAGEMENT SERVICES. THIS INCLUDED PROVIDING EDUCATIONAL, OPERATIONAL, FISCAL MANAGEMENT AND HUMAN RESOURCES SERVICES TO BOTH SCHOOLS. AS OF JUNE 30, 2020 THE MANAGEMENT AGREEMENTS BETWEEN PAVE SCHOOLS INC AND PAVE ACADEMY CHARTER SCHOOL AND PAVE SOUTHEAST RALEIGH CHARTER SCHOOL WERE MUTUALLY TERMINATED. DURING FY2023 PAVE SCHOOLS CONTINUES TO WIND DOWN OPERATIONS. 975019 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 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 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NY X X LISA LURIE 7188587813 732 HENRY STREET BROOKLYN NY 11231 X PATRICK SWEENEY BOARD CHAIR & PRESIDENT 0.20 X X 0 0 0 STEVE OLSON TREASURER 0.20 X X 0 0 0 RICK GERSON TRUSTEE 0.20 X 0 0 0 DYLAN GLENN TRUSTEE 0.20 X 0 0 0 COLEMAN KENNEDY TRUSTEE 0.20 X 0 0 0 0 0 0 0 0 0 0 0 20000 20000 2142 2142 OTHER INCOME 900099 130 130 130 22272 0 0 2272 20000 20000 3500 3500 12015 12015 171 171 3800 3800 952849 952849 7518 7518 STAFF MEALS AND EVENTS 2170 2170 1002023 975019 27004 0 1611816 1577255 114266 127408 39102089 10427531 29627407 28674558 31353489 30379221 5517 0 11000 22000 16517 22000 X 31336972 30357221 31336972 30357221 31353489 30379221 -979751 0 X 0 0 0 X 2230222 1207776 136355 5000 20000 3599353 1590212 1375658 170780 3136650 3820434 2583434 307135 5000 20000 6736003 0 0 0 6736003 1285 2637 599 2142 6663 1285 2637 599 2142 6663 291682 28 14994079 130 15285919 4113401 2586099 15301214 5599 22272 22028585 0.30580 0.39620 0.00030 0.00020 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2019 AMOUNT: $ 28. 2020 AMOUNT: $ 79. 2022 AMOUNT: $ 130. FORGIVENESS OF RENTAL OBLIGATION - 2018 AMOUNT: $ 291,682. FORGIVENESS OF DEBT - 2020 AMOUNT: $ 14,994,000. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 577000 577000 38113947 10016389 28097558 411142 411142 0 28674558 DUE TO AFFILIATE 22000 22000 1 PAVE ACADEMY CHARTER SCHOOL 732 HENRY STREET BROOKLYN NY 11231 262272858 501(C)(3) 20000 0 GENERAL OPERATING SUPPORT 1 0 PART I, LINE 2: THE ORGANIZATION GRANTED FUNDS TO A SINGLE AFFILIATED SCHOOL. THE ORGANIZATION WAS THEREBY ABLE TO MONITOR THE USE OF THE FUNDS IT AWARDED BY VIRTUE OF MANAGING AND SUPPORTING THE RECIPIENT ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B PAVE SCHOOLS, INC. HAS ITS FORM 990 PREPARED BY AN INDEPENDENT ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. WHEN THE FORM 990 HAS BEEN PREPARED, THE BOARD OF TRUSTEES REVIEWS THE FORM 990; ANY COMMENTS ARE THEN GROUPED, SUMMARIZED AND PROVIDED TO THE OUTSIDE ACCOUNTANTS. EACH ISSUE IS DOCUMENTED AND ADDRESSED UNTIL THE RETURN IS FINALIZED AND APPROVED FOR FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS APPLICABLE TO OFFICERS, TRUSTEES, BOARD MEMBERS AND EMPLOYEES. ALL APPLICABLE INDIVIDUALS ARE REQUIRED TO SIGN A CONFLICT OF INTEREST AGREEMENT ANNUALLY. AN INTERESTED PERSON MAKES A PRESENTATION AT THE GOVERNING BOARD OR COMMITTEE MEETING, BUT AFTER THE PRESENTATION, HE/SHE LEAVES THE MEETING DURING THE DISCUSSION OF THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST. THE CHAIRPERSON OF THE GOVERNING BOARD OR COMMITTEE APPOINTS A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER EXERCISING DUE DILIGENCE, THE GOVERNING BOARD OR COMMITTEE DETERMINES BY A MAJORITY VOTE WHETHER A CONFLICT OF INTEREST EXISTS. DELIBERATION AND DECISIONS ARE RECORDED IN THE MINUTES OF THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. THE RETURN IS POSTED ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, THE CONFLICT OF INTEREST POLICY, ARTICLES OF INCORPORATION AND BY-LAWS ARE ALSO AVAILABLE UPON REQUEST. PACS 732 HENRY LLC 732 HENRY STREET BROOKLYN NY 11231 593843228 REAL ESTATE DE 2142 28886334 PAVE SCHOOLS INC PAVE 2801 SOUTH WILMINGTON LLC 732 HENRY STREET BROOKLYN NY 11231 473035043 REAL ESTATE DE 0 0 PAVE SCHOOLS INC PAVE 238 CONOVER LLC 732 HENRY STREET BROOKLYN NY 11231 474596255 REAL ESTATE DE 0 0 PAVE SCHOOLS INC PAVE 3420 IDLEWOOD VILLAGE LLC 732 HENRY STREET BROOKLYN NY 11231 812132485 REAL ESTATE DE 0 0 PAVE SCHOOLS INC TRIANGLE TRANSPORTATION LLC 732 HENRY STREET BROOKLYN NY 11231 352595559 TRANSPORTATION, CEASED OPERATIONS IN JULY 2019 DE 0 0 PAVE SCHOOLS INC