Civic Intelligence

Brighter Choice Elementary Charter Schools

990 • Fiscal year 2020 • EIN 14-1830896

Jul 01, 2019 to Jun 30, 2020 • Filed on Nov 12, 2020

250 Central AvenueAlbany, NY 12206

(518) 694-4100

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

81st percentile

0.79x

Higher debt load relative to assets than 81% of similar nonprofits.

2020 filings • NTEE B • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

83rd percentile

1.56x

Higher debt load relative to revenue than 83% of similar nonprofits.

2020 filings • NTEE B • $10M-$25M nonprofits • Source year 2020

Net Margin

79th percentile

15%

Higher net margin than 79% of similar nonprofits.

2020 filings • NTEE B • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

22nd percentile

$0

Higher top officer pay than 22% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • NTEE B • $10M-$25M nonprofits • Source year 2020

Asset Growth

60th percentile

10%

Faster asset growth than 60% of similar nonprofits.

2020 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

43rd percentile

0.5%

Faster revenue growth than 43% of similar nonprofits.

2020 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2019 to 2020

Assets

Up

$10,437,244

Up $970,464 (+10%) from 2019

Net Assets

Up

$2,145,384

Up $807,558 (+60%) from 2019

Liabilities

Up

$8,291,860

Up $162,906 (+2.0%) from 2019

Revenue

Up

$5,319,765

Up $24,335 (+0.5%) from 2019

Expenses

Down

$4,512,207

Down $239,284 (-5.0%) from 2019

Net Income

Up

$807,558

Up $263,619 (+48%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$30M$20M$10M$0-$10MAssets 2010: $8,494,164Liabilities 2010: $9,678,650Net Assets 2010: -$1,184,4862010Assets 2011: $9,054,803Liabilities 2011: $9,826,293Net Assets 2011: -$771,4902011Assets 2012: $8,710,141Liabilities 2012: $9,381,388Net Assets 2012: -$671,2472012Assets 2013: $8,774,528Liabilities 2013: $9,520,377Net Assets 2013: -$745,8492013Assets 2014: $8,489,342Liabilities 2014: $9,275,520Net Assets 2014: -$786,1782014Assets 2015: $8,349,203Liabilities 2015: $9,249,475Net Assets 2015: -$900,2722015Assets 2016: $7,995,738Liabilities 2016: $8,347,917Net Assets 2016: -$352,1792016Assets 2017: $8,495,275Liabilities 2017: $8,219,670Net Assets 2017: $275,6052017Assets 2018: $9,013,927Liabilities 2018: $8,220,040Net Assets 2018: $793,8872018Assets 2019: $9,466,780Liabilities 2019: $8,128,954Net Assets 2019: $1,337,8262019Assets 2020: $10,437,244Liabilities 2020: $8,291,860Net Assets 2020: $2,145,3842020Assets 2021: $19,679,170Liabilities 2021: $15,094,429Net Assets 2021: $4,584,7412021Assets 2022: $20,027,387Liabilities 2022: $14,732,860Net Assets 2022: $5,294,5272022Assets 2023: $20,247,250Liabilities 2023: $13,715,467Net Assets 2023: $6,531,7832023Assets 2024: $22,183,573Liabilities 2024: $13,016,971Net Assets 2024: $9,166,6022024Assets 2025: $23,066,102Liabilities 2025: $12,180,545Net Assets 2025: $10,885,5572025

Highlighted filing

2020

Assets$10,437,244
Liabilities$8,291,860
Net Assets$2,145,384

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0-$5.0MExpenses 2010: $3,722,2942010Revenue 2011: $4,366,981Expenses 2011: $3,953,985Net Income 2011: $412,9962011Expenses 2012: $4,447,7892012Expenses 2013: $4,601,8722013Revenue 2014: $4,341,204Expenses 2014: $4,381,533Net Income 2014: -$40,3292014Revenue 2015: $4,189,705Expenses 2015: $4,092,300Net Income 2015: $97,4052015Revenue 2016: $4,510,592Expenses 2016: $3,962,499Net Income 2016: $548,0932016Revenue 2017: $5,022,901Expenses 2017: $4,395,117Net Income 2017: $627,7842017Revenue 2018: $5,243,961Expenses 2018: $4,725,679Net Income 2018: $518,2822018Revenue 2019: $5,295,430Expenses 2019: $4,751,491Net Income 2019: $543,9392019Revenue 2020: $5,319,765Expenses 2020: $4,512,207Net Income 2020: $807,5582020Revenue 2021: $9,917,493Expenses 2021: $8,762,420Net Income 2021: $1,155,0732021Revenue 2022: $10,972,851Expenses 2022: $10,263,065Net Income 2022: $709,7862022Revenue 2023: $11,303,408Expenses 2023: $10,066,152Net Income 2023: $1,237,2562023Revenue 2024: $13,223,361Expenses 2024: $10,588,542Net Income 2024: $2,634,8192024Revenue 2025: $11,721,097Expenses 2025: $10,002,142Net Income 2025: $1,718,9552025

Highlighted filing

2020

Revenue$5,319,765
Expenses$4,512,207
Net Income$807,558
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Nov 12, 2020
Return Version
2019v5.0
Gross Receipts
$5,319,765
Mission and Program Overview

Mission

Provide quality educational alternative

Provide quality educational alternative for at-risk elementary students in albany, ny.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,385,707$5,245,626▼ $140,081
Cash and Non-Interest-Bearing Accounts$2,061,429$2,934,876▲ $873,447
Accounts Receivable$434,811$333,917▼ $100,894
Intangible Assets$221,116$208,660▼ $12,456
Total Assets$9,466,780$10,437,244▲ $970,464
Other Assets Total$1,363,717$1,714,165▲ $350,448
Liabilities
Tax Exempt Bond Liabilities$7,330,000$7,070,000▼ $260,000
Accounts Payable and Accrued Expenses$697,740$704,532▲ $6,792
Unsecured Notes Loans Payable-$429,300-
Other Liabilities$77,069$69,919▼ $7,150
Deferred Revenue$24,145$18,109▼ $6,036
Total Liabilities$8,128,954$8,291,860▲ $162,906
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,337,826$2,145,384▲ $807,558
Total Net Assets Fund Balance$1,337,826$2,145,384▲ $807,558
Total Liabilities and Net Assets / Fund Balance$9,466,780$10,437,244▲ $970,464

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,923,595$2,883,840$7,807,435
Equipment$212,031$551,180$763,211
Land$110,000-$110,000
Other Assets Org$302,240--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Martha SnyderChair
Trudy HamnerVice Chair
Nilsa VelillaTrustee
Robert MclaughlinTrustee
Zoe NelsonSecretary
Nicole MarescaTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Durham School ServicesBus Transportat830 S PEARL ST, Albany, NY 12202$239,039
Revolution Foods INCFood Service8393 CAPWELL DRIVE, Oakland, CA 94621$204,985
Revenue and Support

Revenue Composition

Contributions and Grants
$371,982
Program Service Revenue
$4,908,993
Investment Income
$38,790
Other Revenue
$0
All Other Contributions
$5,062
Change in Net Assets
$807,558

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,319,765
Total Revenue per Audited Statements
$5,319,765
Total Revenue per Form 990
$5,319,765
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,793,711
Other Expenses$1,718,496
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,855,210$376,805-$2,232,015
Interest$308,368$62,631-$370,999
Other Employee Benefits$248,656$50,502-$299,158
Occupancy$217,880$44,253-$262,133
Depreciation Depletion$209,110$42,471-$251,581
Payroll Taxes$149,980$30,463-$180,443
Fees for Services Accounting$69,300$14,075-$83,375
Pension Plan Contributions$68,236$13,859-$82,095
Office Expenses$62,106$12,614-$74,720
Fees for Services Other$55,079$11,187-$66,266
Advertising-$43,572-$43,572
Insurance$34,573$7,022-$41,595
All Other Expenses$20,784$4,222-$25,006
Other Expenses$17,971$3,650-$21,621
Fees for Services Legal-$1,702-$1,702
Total Functional Expenses$3,783,013$729,194$0$4,512,207

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,512,207
Total Expenses per Audited Statements$4,512,207
Total Expenses per Form 990$4,512,207
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Premium on Bond Payable$69,919

Bond Issues

BondIssuerIssuedIssue PricePurpose
ATax Exempt Bond Liabilities2007-03-23$9,245,000Civic facility revenue bond

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A--$260,000-

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Form 990 is presented to the board of trustees prior to filing with the irs.

Form 990, Page 6, Part VI, Line 12C

Every board trustee is required to complete an annual statement of financial disclosure for the school's annual report to the nys education department.

Form 990, Page 6, Part VI, Line 15A

The principal and director of finance and operations are hired by the board of trustees. The principal is evaluated annually and compensation is based on prior year performance.

Form 990, Page 6, Part VI, Line 15B

Compensation for all employees is approved by the board of trustees via the annual budget.

Form 990, Page 6, Part VI, Line 19

Documents are made available to he public upon request.

Filing and Contact Details

Filer

Filer Name
Brighter Choice Charter School for
EIN
14-1830896
Phone
5186944100
Address
250 CENTRAL AVENUE, ALBANY, NY 12206

Signing Officer

Name
Martha Snyder
Title
Chair
Phone
5186944100
Signed
2020-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Martha Snyder
Formed
2001
Legal Domicile
Ny
Voting Board Members
6
Independent Board Members
6
Employees
59

Preparer

Firm
Cusack & Company Cpas LLC
Address
7 AIRPORT PARK BLVD, LATHAM, NY 12110
Preparer
Kenneth B Claflin CPA
Phone
5187863550
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

The accounting standards codification requires entities to disclose in their financial statements the nature of any uncertainty in their tax position. The schools have not recognized any benefits or liabilities from uncertain tax positions in 2020 and believes it has no uncertain tax positions for which it is reasonably possible that will significantly increase or decrease net assets. Generally, federal and state authorities may examine the school's tax returns for three years from the date of filing; consequently, income returns for years prior to 2017 are no longer subject to examination by tax authorities.

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IRS990/OtherEmployeeBenefitsGrp/TotalAmt0299158
IRS990/OtherExpensesGrp/Desc0FOOD SERVICE
IRS990/OtherExpensesGrp/Desc1STUDENT SERVICES
IRS990/OtherExpensesGrp/Desc2TECHNOLOGY
IRS990/OtherExpensesGrp/Desc3STAFF DEVELOPMENT
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt010166
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt13650
IRS990/OtherExpensesGrp/ProgramServicesAmt0216265
IRS990/OtherExpensesGrp/ProgramServicesAmt1199440
IRS990/OtherExpensesGrp/ProgramServicesAmt250055
IRS990/OtherExpensesGrp/ProgramServicesAmt317971
IRS990/OtherExpensesGrp/TotalAmt0216265
IRS990/OtherExpensesGrp/TotalAmt1199440
IRS990/OtherExpensesGrp/TotalAmt260221
IRS990/OtherExpensesGrp/TotalAmt321621
IRS990/OtherLiabilitiesGrp/BOYAmt077069
IRS990/OtherLiabilitiesGrp/EOYAmt069919
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0376805
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01855210
IRS990/OtherSalariesAndWagesGrp/TotalAmt02232015
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt030463
IRS990/PayrollTaxesGrp/ProgramServicesAmt0149980
IRS990/PayrollTaxesGrp/TotalAmt0180443
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt013859
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt068236
IRS990/PensionPlanContributionsGrp/TotalAmt082095
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0MARTHA SNYDER
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0STUDENT ENROLLMENT
IRS990/ProgramServiceRevenueGrp/Desc1E-RATE REIMBURSEMENT INCOME
IRS990/ProgramServiceRevenueGrp/Desc2AFTER SCHOOL PROGRAM FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt04869480
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt129030
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt210483
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt04869480
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt129030
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt210483
IRS990/ProgSrvcAccomActy2Grp/Desc0OTHER PROGRAM (NURSE, FOOD SERVICES AND TRANSPORTATION)-ALL STUDENTS QUALIFY TO PARTICIPATE.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0772354
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0482445
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt022036
IRS990/PYOtherExpensesAmt01914225
IRS990/PYProgramServiceRevenueAmt04790949
IRS990/PYRevenuesLessExpensesAmt0543939
IRS990/PYSalariesCompEmpBnftPaidAmt02837266
IRS990/PYTotalExpensesAmt04751491
IRS990/PYTotalRevenueAmt05295430
IRS990/ReconcilationRevenueExpnssAmt0807558
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt04908993
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt04923595
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02883840
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt07807435
IRS990ScheduleD/EquipmentGrp/BookValueAmt0212031
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0551180
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0763211
IRS990ScheduleD/ExpensesSubtotalAmt04512207
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0110000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0110000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01411925
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1302240
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0BOND TRUST ACCOUNTS - RESTRICTED
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DUE FROM RELATED SCHOOLS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt069919
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PREMIUM ON BOND PAYABLE
IRS990ScheduleD/RevenueSubtotalAmt05319765
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ACCOUNTING STANDARDS CODIFICATION REQUIRES ENTITIES TO DISCLOSE IN THEIR FINANCIAL STATEMENTS THE NATURE OF ANY UNCERTAINTY IN THEIR TAX POSITION. THE SCHOOLS HAVE NOT RECOGNIZED ANY BENEFITS OR LIABILITIES FROM UNCERTAIN TAX POSITIONS IN 2020 AND BELIEVES IT HAS NO UNCERTAIN TAX POSITIONS FOR WHICH IT IS REASONABLY POSSIBLE THAT WILL SIGNIFICANTLY INCREASE OR DECREASE NET ASSETS. GENERALLY, FEDERAL AND STATE AUTHORITIES MAY EXAMINE THE SCHOOL'S TAX RETURNS FOR THREE YEARS FROM THE DATE OF FILING; CONSEQUENTLY, INCOME RETURNS FOR YEARS PRIOR TO 2017 ARE NO LONGER SUBJECT TO EXAMINATION BY TAX AUTHORITIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05245626
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01714165
IRS990ScheduleD/TotalExpensesPerForm990Amt04512207
IRS990ScheduleD/TotalLiabilityAmt069919
IRS990ScheduleD/TotalRevenuePerForm990Amt05319765
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05319765
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04512207
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL'S RACIALLY NONDISCRIMINATORY POLICY IS PUBLICIZED IN THE NEWSPAPERS AND ON THE SCHOOL'S WEBSITE.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1A SUBSTANTIAL PORTION OF THE SCHOOL'S REVENUE IS DERIVED FROM SCHOOL DISTRICTS WHICH PAY THE SCHOOL BASED ON ENROLLMENT AT PUBLISHED RATES. REVENUE EARNED FROM OTHER GOVERNMENTAL SOURCES GENERALLY REPRESENT VARIOUS ENTITLEMENT GRANTS AND IS RECOGNIZED AS EARNED.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 6
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd0A
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd0false
IRS990ScheduleK/SupplementalInformationDetail/ExplanationTxt0TAX EXEMPT BOND LIABILITIES CIVIC FACILITY REVENUE BOND
IRS990ScheduleK/SupplementalInformationDetail/FormAndLineReferenceDesc0PURPOSE OF ISSUE DESCRIPTION
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02007-03-23
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN0521325673
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum0012440HJ5
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt09245000
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0TAX EXEMPT BOND LIABILITIES
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0CIVIC FACILITY REVENUE BOND
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondIssMeetPrvtSecPymtTestInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ChangeInUseBondFinancedPropInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ProcsNonqualifiedBondRemdtdInd0false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd0false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd0false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxableBondsInd0false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxExemptBondsInd0false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RetiredAmt0260000
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS PRESENTED TO THE BOARD OF TRUSTEES PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EVERY BOARD TRUSTEE IS REQUIRED TO COMPLETE AN ANNUAL STATEMENT OF FINANCIAL DISCLOSURE FOR THE SCHOOL'S ANNUAL REPORT TO THE NYS EDUCATION DEPARTMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE PRINCIPAL AND DIRECTOR OF FINANCE AND OPERATIONS ARE HIRED BY THE BOARD OF TRUSTEES. THE PRINCIPAL IS EVALUATED ANNUALLY AND COMPENSATION IS BASED ON PRIOR YEAR PERFORMANCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPENSATION FOR ALL EMPLOYEES IS APPROVED BY THE BOARD OF TRUSTEES VIA THE ANNUAL BUDGET.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DOCUMENTS ARE MADE AVAILABLE TO HE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0true
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0BRIGHTER CHOICE CHARTER SCHOOL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine2Txt0FOR BOYS

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.1$12.2$10.9$11.7$10.0$1.72
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$22.2$13.0$9.17$13.2$10.6$2.63
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.2$13.7$6.53$11.3$10.1$1.24
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$20.0$14.7$5.29$11.0$10.3$0.71
2021Summary only. Only limited summary data is available for this year.$19.7$15.1$4.58$9.92$8.76$1.16
2020Detailed filing. Detailed filing data is available for this year.$10.4$8.29$2.15$5.32$4.51$0.81
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.47$8.13$1.34$5.30$4.75$0.54
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.01$8.22$0.79$5.24$4.73$0.52
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.50$8.22$0.28$5.02$4.40$0.63
2016Detailed filing. Detailed filing data is available for this year.$8.00$8.35$0.35$4.51$3.96$0.55
2015Detailed filing. Detailed filing data is available for this year.$8.35$9.25$0.90$4.19$4.09$0.10
2014Detailed filing. Detailed filing data is available for this year.$8.49$9.28$0.79$4.34$4.38$0.04
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.77$9.52$0.75$4.60
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.71$9.38$0.67$4.45
2011Summary only. Only limited summary data is available for this year.$9.05$9.83$0.77$4.37$3.95$0.41
2010XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.49$9.68$1.18$3.72