The Academy Charter School

“DESCRIPTION OF MANAGEMENT ARRANGEMENTTHE SCHOOL ENTERED INTO AN AGREEMENT WITH VICTORY SCHOOLS INC (d/b/a BOOST ED FINANCE) TO PROVIDE SERVICES RELATED TO CERTAIN EDUCATIONAL AND OPERATIONAL ASPECTS OF THE SCHOOL. THE AGREEMENT WAS EXECUTED ON JUNE 30, 2009 AND MOST RECENTLY AMENDEDON JULY 1, 2018. PER THE TERMS OF AGREEMENT, BOOST ED SERVES AS AN ADVISOR REGARDINGFUNCTIONS ASSOCIATED WITH THE EDUCATIONAL SERVICES TO BE PROVIDED TO THECHILDREN ENROLLED AS STUDENTS AT THE SCHOOL IN ACCORDANCE WITH THE TERMS OF THECHARTER AND THE CHARTER SCHOOLS ACT, SUBJECT TO THE APPROPRIATE OVERSIGHT FROM THESCHOOL'S BOARD OF TRUSTEES. BOOST ED IS RESPONSIBLE FOR PROVIDING FINANCIAL PLANNING, FINANCIAL REPORTING, BUDGETING, SCHOOL DISTRICT BILLING, GRANT REVENUE MANAGEMENT AND OTHER ACCOUNTING AND COMPLIANCE SERVICES. BOOST ED WILL PERFORM THE SERVICES (i)IN ACCORDANCE WITH THE TERMS AND SUBJECT TO THE CONDITIONS SET OUT IN THE RESPECTIVE STATEMENT OF WORK IN THE AGREEMENT (ii) USING PERSONNEL OF REQUIRED SKILL, EXPERIENCE AND QUALIFICATIONS; AND (iii)IN A TIMELY, WORKMANLIKE, AND PROFESSIONAL MANNER IN ACCORDANCE WITH GENERALLY RECOGNIZED INDUSTRY STANDARDS FOR SIMILAR SERVICES. IN PROVIDING THE ABOVE SERVICES, BOOST ED IS PAID A MANAGEMENT FEE IN THE AMOUNT OF $236,900 FOR FY 2019-20.”

“The draft 990 is first reviewed by the controller of the management company and the cfo, the draft is then circulated to board members for their review and comments prior to filing the 990.”

“Description of process to monitor transactions for conflicts of interest.a. Each covered person shall annually sign a statement that affirms that such person: 1. Has received a copy of the policy. 2. Has read and understands the policy. 3. Has agreed to comply with the policy, and 4. Understands that the corporation is a charitable organization and that in order to maintain its federal tax exemption and the trust of the public it must diligently avoid conflicts of interest or the appearance of any conflict and engage primarily in activities that accomplish one or more of its tax-exempt purposes.b. This policy shall be reviewed annually for the information and guidance of covered persons, and any new covered person shall be advised of the policy upon becoming a covered person and shall file an annual statement with the corporation.c. To further the purpose of the disclosure provisions of this policy.”

“The salary budget is prepared at the recommendation of the principal and board finance committe. Other teacher salary scales, including the doe are taken into account when determining salaries.”

“ALL THE PUBLIC DOCUMENTS ARE AVAILABLE UPON REQUEST. ALSO, THE ORGANIZATION TIMELY FILED ITS INITIAL NYS CHAR 500 ANNUAL REPORT WITH THE OFFICE OF THE NY STATE ATTORNEY GENERAL AND ITS STATUS AS AN EXEMPT SCHOOL has been approved.”

“In reference to form 990 part v question 2a & b, the employees of the academy charter school were compensated through a third party payroll company named littlebird hr inc, ein 47-5466716.”

“Prior to the inception of the Academy, academic performance statistics of children in our community were reviewed and they did not paint a promising picture. However, based on our prior involvement with our community, we knew that the performance as depicted by the statistics was not an accurate indication of these students abilities. We knew that they could succeed if given an optimal environment and it became clear that the children in Hempstead needed an opportunity to improve their academic skills. We also knew that if we could maximize their educational experience, we would alter the trajectory of their life. Standing on the sidelines was not an option, so we decided to take ownership and become involved in the educational decisions that affected our community and the underserved youth who live in it. It was out of that concern and desire to act that the Academy Charter School was founded.About the Elementary SchoolIn 2008, a core group of 11 parents and community leaders in Hempstead, NY concerned with the educational outcomes in the Hempstead School District, came together to form The Academy Charter School (The Academy). The Academy was incorporated on February 23, 2009 and opened its doors to 164 students, in grades K-2 on September 9, 2009 AND BY THE 2019-2020 YEAR, HAD A TOTAL HEMPSTEAD ENROLLMENT OF 856 STUDENTS IN GRADES K-5.The school initially operated in a leased building located at 94 Fulton Avenue, Hempstead, NY. As time passed it was clear that the 10,000 square foot space could not accommodate the magnitude of our schools growth and, as a result, we sought to undergo an expansion. As part of the first expansion plan and commitment to invest in the infrastructure of the community, we acquired a piece of land and an existing 34,540 square foot two-story building located at 117 North Franklin Street, Hempstead, NY which became the official site of The Academy elementary school in 2011.UNIONDALE CAMPUSIN 2018, WE EMBARKED UPON OUR UNIONDALE EXPANSION PLAN WHICH INCLUDED THEACQUISITION, RENOVATION AND EQUIPPING OF AN APPROXIMATELY 5.7 ACRE PARCEL OF LANDWHICH INCLUDED A 66,885 SQUARE FOOT BUILDING AT 100 CHARLES LINDBERGHBOULEVARD, UNIONDALE, NY. THIS SITE WAS OPENED IN SEPT 2018 AND SERVES AS THE UNIONDALE ELEMENTARY SCHOOL LOCATION WHICH HOSTS GRADES K3 AND HAS A CURRENT ENROLLMENT OF 249 STUDENTS FOR THE 2019-20 SCHOOL YEAR.”

“IN 2017, WE EMBARKED UPON OUR HIGH SCHOOL EXPANSION PLAN WHICH INCLUDED THE CONSTRUCTION OF A 77,215 SQUARE FOOT FOUR-STORY BUILDING AT 127 NORTH FRANKLIN STREET, HEMPSTEAD, NY. THIS SITE WAS OPENED IN SEPT 2019 AND SERVES AS THE HIGH SCHOOL LOCATION WHICH HOSTS GRADES 9 12 AND HAS A CURRENT ENROLLMENT OF 498 STUDENTS FOR THE 2019-20 SCHOOL YEAR.Since its inception, The Academy has offered an exceptional interdisciplinary curriculum in a technology rich environment that challenges students to explore connections across subjects and use experiential learning to bridge the gaps between theory and practice. In addition to core subjects, our students benefit from high expectations in physical education and the arts. Our focus on character development and community service cultivates a student body poised to be active, engaged and responsible members of the community. We employ a committed staff whose teaching and high academic and behavioral expectations promote the excellence our communitys children can achieve.The Academy has made a tremendous impact on the community in which it is located. We have instilled a standard of excellence in all of our students. Our students will graduate from the Academy with the content mastery and life skills needed to move into the top five percent of their classes. They will not only graduate at the top of their class but will serve as leaders in their communities. As our motto states, our scholars will LEARN today, LEAD tomorrow and SERVE in the future.”

“In 2013, we embarked upon our second expansion plan which included the acquisition of an approximately 1.13 acre parcel of land which included a 39,004 square foot four-story building at 159 North Franklin Street, Hempstead, NY. This site serves as the middle school location which hosts grades 5 8 and has a current enrollment of 362 students for the 2019-20 school year.”