2024-05-09T15:03:24-05:00 2023-06-30 812950760 SAX LLP 1040 AVENUE OF THE AMERICAS 16TH FLOOR NEW YORK NY 10018 990 2022-07-01 871526953 LITTLE WATER PREPARATORY CHARTER SCHOOL LITT 8455577401 68 DUTCHESS AVE POUGHKEEPSIE NY 12601 STEVEN STROM TREASURER 8455577401 2024-05-09 1 STEVEN STROM 999009999 0 MIKE SCHALL P02024184 2122682804 2024-05-07 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z X X ANTOINETTE KANE 68 DUTCHESS AVE POUGHKEEPSIE NY 12601 2634401 0 X WWW.LITTLEWATERPREP.ORG X 2021 NY IN PARTNERSHIP WITH THE COMMUNITY, LITTLE WATER PREP PROVIDES AN AFFIRMING AND RIGOROUS ENVIRONMENT FOR ALL K-5 SCHOLARS THROUGH REFLECTIVE, DATA-DRIVEN TEACHING AND A RESPONSIVE CURRICULUM THAT ALLOWS SCHOLARS TO RECOGNIZE THEIR POWER AND HAVE AGENCY OVER THEIR FUTURES. 6 6 0 6 0 0 2633573 0 0 828 2634401 0 0 1216647 0 0 1011098 2227745 406656 4641424 4234768 406656 X IN PARTNERSHIP WITH THE COMMUNITY, LITTLE WATER PREP PROVIDES AN AFFIRMING AND RIGOROUS ENVIRONMENT FOR ALL K-5 SCHOLARS THROUGH REFLECTIVE, DATA-DRIVEN TEACHING AND A RESPONSIVE CURRICULUM THAT ALLOWS SCHOLARS TO RECOGNIZE THEIR POWER AND HAVE AGENCY OVER THEIR FUTURES. 0 0 1738898 LITTLE WATER PREP PROVIDES YOUR CHILD WITH THE SKILLS, CONFIDENCE, AND KNOWLEDGE TO THRIVE. 1738898 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 10 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 6 6 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X ANTOINETTE KANE 8455577401 57 CANNON STREET STE 209 POUGHKEEPSIE NY 12601 KEVIN COLLINS BOARD CHAIR 1.00 X X 0 0 0 DR RACHELE HALL VICE-CHAIR 1.00 X X 0 0 0 STEVEN STROM TREASURER 1.00 X X 0 0 0 JORDAN SCHINELLA TRUSTEE 1.00 X 0 0 0 TALENT DAVIS ACADEMIC COMMITTEE 1.00 X 0 0 0 NICHOLAS ENNIS TRUSTEE 1.00 X 0 0 0 ANTOINETTE KANE FOUNDER, CEO 43.00 X 129375 0 0 129375 0 0 1 0 0 0 0 2350081 283492 2633573 OTHER INCOME 900099 828 828 828 2634401 0 0 828 X 129375 109969 19406 909625 801256 108369 98163 86092 12071 79484 69709 9775 87889 87889 9827 9827 7638 7638 275565 69067 206498 9642 6944 2698 72416 17809 54607 347747 304981 42766 55526 48698 6828 19640 17224 2416 CURRICULUM AND CLASSROO 86279 86279 PROFESSIONAL DEVELOPMEN 26110 13115 12995 OTHER EXPENSES 8443 5663 2780 NON-CAPITALIZED EQUIPME 4376 4376 2227745 1738898 488847 0 33048 1000 574029 461947 55526 0 406421 0 3626926 0 4641424 531839 0 3702929 0 4234768 X 406656 0 406656 0 4641424 406656 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 292244 17869 274375 66005 18646 47359 103698 19011 84687 406421 SECURITY DEPOSIT 1700 OPERATING LEASE RIGHT-OF-USE ASSET 3625226 3626926 OPERATING LEASE LIABILITY 3702929 3702929 X 2634401 0 2634401 0 2634401 2227745 0 2227745 0 2227745 PART X, LINE 2: THE SCHOOL DOES NOT BELIEVE ITS FINANCIAL STATEMENTS INCLUDE ANY MATERIAL, UNCERTAIN TAX POSITIONS. TAX FILINGS FOR PERIODS ENDING JUNE 30, 2023, THE SCHOOL'S INITIAL FILING, ARE SUBJECT TO EXAMINATION BY APPLICABLE TAXING AUTHORITIES. FORM 990, PART VI, SECTION B, LINE 11B GOVERNING DOCUMENTS, DISCLOSURE CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS. THE ORGANIZATION!S GOVERNING DOCUMENTS,CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVALIABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS SHALL DISCLOSE TO THE BOARD THEIR INTEREST, AS DEFINED BELOW, WITH RESPECT TO A TRANSACTION THE BOARD IS CONSIDERING. SUCH TRANSACTIONS INCLUDE CONTRACTS AND THE PROVISION OF SERVICES. THE DISCLOSURE OF AN INTEREST MAY BE MADE ORALLY OR IN WRITING. A BOARD MEMBER HAS AN INTEREST IF THE BOARD MEMBER OR, TO THE BOARD MEMBER'S KNOWLEDGE, THE BOARD MEMBER'S FAMILY MEMBER (INCLUDING PARENT, GRANDPARENT, SPOUSE, SIBLING, CHILD, GRANDCHILD, NIECE, OR NEPHEW), OR CLOSE BUSINESS ASSOCIATE (I) IS EMPLOYED BY, OR (II) HOLDS A FIDUCIARY, SIGNIFICANT OWNER OR SENIOR POSITION WITH, ANY ENTITY OR PERSON WITH WHICH LITTLE WATER PREP IS CONSIDERING A TRANSACTION. UNLESS THE BOARD REQUESTS THEIR PRESENCES, BOARD MEMBERS WITH INTERESTS SHALL RECUSE THEMSELVES FROM THE BOARD'S CONSIDERATION OF THE RELEVANT TRANSACTION. IN NO EVENT SHALL BOARD MEMBERS VOTE ON TRANSACTIONS IN WHICH THEY HAVE A FINANCIAL INTEREST. THE NATURE OF THE INTEREST AND THE INDIVIDUAL'S RECUSAL, OR BOARD DETERMINATION NOT TO RECUSE, SHALL BE RECORDED IN THE APPROPRIATE MINUTES. IN ADDITION, THE BOARD EXPECTS BOARD MEMBERS TO DISCLOSE CLOSE FRIENDSHIPS WITH (A) ANY PERSON WITH WHOM LITTLE WATER PREP IS CONSIDERING A TRANSACTION, AND (B) ANY PERSON WHO HAS A SIGNIFICANT POSITION IN AN ENTITY WITH WHICH LITTLE WATER PREP IS CONSIDERING A TRANSACTION. 2. LITTLE WATER PREP STAFF (INCLUDING, BUT NOT LIMITED TO, THE HEAD OF SCHOOL OR ANY OTHER EMPLOYEE, EXPERT OR ADVISOR WHO IS IN A POSITION TO INFLUENCE A DECISION IN WHICH HE/SHE HAS AN INTEREST) SHALL DISCLOSE TO THE HEAD OF SCHOOL IF THERE IS ANY REAL OR PRESUMED CONFLICT OF INTEREST. UNLESS IT IS DETERMINED THAT THERE IS NOT CONFLICT OF INTEREST, THE STAFF MEMBER SHALL RECUSE HERSELF OR HIMSELF FROM THE DECISION-MAKING PROCESS. THE PROCEDURES SET FORTH IN THE PRECEDING SENTENCE SHALL ALSO APPLY TO ANY BOARD MEMBER WHO HAS KNOWLEDGE THAT HE/SHE HAS AN INTEREST IN A TRANSACTION BEING CONSIDERED BY LITTLE WATER PREP BELOW THE BOARD LEVEL. THE NATURE OF THE INTEREST AND THE INDIVIDUAL'S RECUSAL, OR THE CHAIR'S DETERMINATION NOT TO REQUIRE RECUSAL, SHALL BE MEMORIALIZED IN WRITING. IN ADDITION, THE PERSONS LISTED IN THE FIRST SENTENCE OF THIS PARAGRAPH SHALL DISCLOSE CLOSE FRIENDSHIPS WITH (A) ANY PERSON WITH WHOM LITTLE WATER PREP IS CONSIDERING A TRANSACTION, AND (B) ANY PERSON WHO HAS A SIGNIFICANT POSITION IN AN ENTITY WITH WHICH LITTLE WATER PREP IS CONSIDERING A TRANSACTION. 3. NO BOARD MEMBER OR STAFF MEMBER SHALL ACCEPT OR SOLICIT PAYMENTS FOR EXPENSE ASSOCIATED WITH LITTLE WATER PREP-RELATED TRAVEL, MEALS, OR OTHER PROFESSIONAL ACTIVITY FROM ACTUAL OR POTENTIAL SUPPLIERS OF LITTLE WATER PREP. NO BOARD MEMBER OR STAFF MEMBER SHALL RECEIVE OR SOLICIT A GRATUITOUS PAYMENT OR ARTICLE OF MONETARY VALUES WORTH $75 OR MORE FROM ACTUAL OR POTENTIAL SUPPLIERS OF SERVICES OR GOOD FOR LITTLE WATER PREP, EXCEPT (A) GIFTS PRESENTED TO LITTLE WATER PREP WHERE THE RECIPIENT IS REPRESENTING LITTLE WATER PREP AND THEREAFTER PRESENTS THE GIFT TO LITTLE WATER PREP, OR (B) GIFTS THAT ARE MOTIVATED SOLELY BY A FAMILY OR PERSONAL RELATIONSHIP, BUT ARE IN NO WAY CONNECTED WITH THE RECIPIENT'S OFFICIAL LITTLE WATER PREP DUTIES. IN GENERAL, A RECIPIENT SHOULD MAKE EVERY EFFORT TO DECLINE TO ACCEPT GIFTS ON BEHALF OF LITTLE WATER, BUT, IN CASES WHERE IT WOULD BE CONSIDERED UNGRACIOUS TO DO SO, SHOULD MAKE CLEAR THAT THE GIFT IS BEING ACCEPTED ON BEHALF OF, AND WILL BE GIVEN TO, LITTLE WATER PREP. 4. ADDITIONAL CONFLICT OF INTEREST PROVISIONS FOR ALL TRUSTEES, OFFICERS, AND EMPLOYEES A. THE CONFLICT OF INTEREST PROVISIONS OF THE NEW YORK GENERAL MUNICIPAL LAW ARE APPLICABLE TO CHARTER SCHOOLS TO THE SAME EXTENT THOSE PROVISIONS (GEN. MUNICIPAL LAW 800-804, 804-A, 805, 805-A, 805-B, 806) ARE APPLICABLE TO SCHOOL DISTRICTS. ALL TRUSTEES, OFFICERS, AND EMPLOYEES SHALL COMPLY WITH SUCH LAWS. B. NO TRUSTEE, OFFICER OR EMPLOYEE SHALL: I. DIRECTLY OR INDIRECTLY, SOLICIT ANY GIFT, OR ACCEPT OR RECEIVE ANY GIFT HAVING A VALUE OF SEVENTY-FIVE DOLLARS OR MORE, WHETHER IN THE FORM OF MONEY, SERVICE, LOAN, TRAVEL, ENTERTAINMENT, HOSPITALITY, THING OR PROMISE, OR IN ANY OTHER FORM, UNDER CIRCUMSTANCES IN WHICH IT COULD REASONABLY BE INFERRED THAT THE GIFT WAS INTENDED TO INFLUENCE HIM, OR COULD REASONABLY BE EXPECTED TO INFLUENCE HIM, IN THE PERFORMANCE OF HIS OFFICIAL DUTIES OR WAS INTENDED AS A REWARD FOR ANY OFFICIAL ACTION ON HIS PART; II. DISCLOSE CONFIDENTIAL INFORMATION ACQUIRED BY HIM IN THE COURSE OF HIS OFFICIAL DUTIES OR USE SUCH INFORMATION TO FURTHER HIS PERSONAL INTERESTS; III. RECEIVE, OR ENTER INTO ANY AGREEMENT, EXPRESS OR IMPLIED, FOR COMPENSATION FOR SERVICES TO BE RENDERED IN RELATION TO ANY MATTER BEFORE ANY AGENCY OF HIS MUNICIPALITY, WHEREBY HIS COMPENSATION IS TO BE DEPENDENT OR CONTINGENT UPON ANY ACTION BY SUCH AGENCY WITH RESPECT TO SUCH MATTER, PROVIDED THAT THIS PARAGRAPH SHALL NOT PROHIBIT THE FIXING AT ANY TIME OF FEES BASED UPON THE REASONABLE VALUE OF THE SERVICES RENDERED; C. TRUSTEES, OFFICERS AND EMPLOYEES MUST DISCLOSE ANY CONTRACT WITH NOT-FOR-PROFIT ENTITIES, SUCH AS CHARTER MANAGEMENT ORGANIZATIONS, PARTNERS AND FOUNDING ORGANIZATIONS. D. ANY OFFICER OR EMPLOYEE WHO HAS, WILL HAVE, OR LATER ACQUIRES AN INTEREST INOR WHOSE SPOUSE HAS, WILL HAVE, OR LATER ACQUIRES AN INTEREST INANY ACTUAL OR PROPOSED CONTRACT, PURCHASE AGREEMENT, LEASE AGREEMENT OR OTHER AGREEMENT, INCLUDING ORAL AGREEMENTS, WITH THE MUNICIPALITY OF WHICH HE OR SHE IS AN OFFICER OR EMPLOYEE, SHALL PUBLICLY DISCLOSE THE NATURE AND EXTENT OF SUCH INTEREST IN WRITING TO HIS OR HER IMMEDIATE SUPERVISOR AND TO THE GOVERNING BODY THEREOF AS SOON AS HE OR SHE HAS KNOWLEDGE OF SUCH ACTUAL OR PROSPECTIVE INTEREST. SUCH WRITTEN DISCLOSURE SHALL BE MADE PART OF A SET FORTH IN THE OFFICIALLY RECORD OF THE PROCEEDINGS OF SUCH BODY. ALL TRUSTEES, OFFICERS, AND EMPLOYEES OF THE SCHOOL WILL BE GIVEN A COPY OF THE CODE OF ETHICS UPON THEIR EMPLOYMENT OR ASSOCIATION WITH THE SCHOOL. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD REVIEWS AND APPROVES, ANNUALLY; BY REVIEWING COMPENSATION OF SIMILAR ROLES IN THE AREA AND EVALUATES EXECUTIVE PERFORMANCE. FORM 990, PART VI, SECTION C, LINE 19 AVALIABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 69,067. MANAGEMENT AND GENERAL EXPENSES 206,498. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 275,565.