Kings Collegiate Charter School

“The school utilizes uncommon schools, inc. (usi), an unrelated 501(c)(3) organization, to provide management and other administrative support services to the school. The school utilizes uncommon crown heights, llc, a wholly-owned subsidiary of usi, to manage the high school facility shared between williamsburg collegiate charter school, kings collegiate charter school, excellence charter schools, and another unrelated charter school. The school delegates hiring of certain employees, planning and executing budgets, and other financial operations to usi. Julie kennedy is on the school board of trustees and the managing director of usi. Usi does not compensate julie kennedy to be on the board of the school and her involvement with the board is on a volunteer basis.”

“In december 2014, the charter school's board of trustees approved a merger of the charter school and leadership preparatory bedford stuyvesant charter school, as the successor charter school under the name uncommon new york city charter schools, in conjunction with excellence charter schools, bedford stuyvesant collegiate charter school, brownsville collegiate charter school, brooklyn east collegiate charter school, leadership preparatory brownsville charter school, leadership preparatory canarsie charter school, leadership preparatory ocean hill charter school, williamsburg collegiate charter school and ocean hill collegiate charter school. The merger was approved on march 6, 2015 by the suny board of trustees and on june 30, 2015 by the board of regents. The merger is effective july 1, 2015 for all of the other charter schools referred to above, except williamsburg, this merger is expected to be effective july 1, 2016. In conjunction with the merger, a new agreement is being negotiated with usi to provide management and other administrative services to uncommon new york city charter schools and the charter school.”

“The form 990 is reviewed by the finance director, director of operations and ceo in detail. It is then reviewed by the board of trustees, approved and filed.”

“All new members are required to sign the conflict of interest policy. Board members are bound by fiduciary duty to disclose any conflicts. Annually a resolution is adopted reaffirming a commitment to the policy.”

“Through the annual budget process, all compensation for key employees is approved by the school board of trustees.”

“These documents are located at the organization and are available upon request. They are also available on guidestar.org”

“Uncommon charter high school employees are included in total employees reported on williamsburg collegiate charter school form w-3 as williamsburg's ein is associated with these employees. Excellence boys charter school of bedford stuyvesant, williamsburg collegiate charter school and kings collegiate charter school share the high school and expenses are allocated based on the number of students. Kings collegiate charter school is the funding agent and items are paid by kings and expenses are then allocated and reimbursed to kings from williamsburg and excellence.”

“The process is consistent with prior years.”