Civic Intelligence

Brooklyn Jesuit Prep

990 • Fiscal year 2022 • EIN 20-0108663

Jul 01, 2021 to Jun 30, 2022 • Filed on Apr 25, 2023

925 E 37th StBrooklyn, NY 11210

(718) 638-5884

Siviq Scores

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

Liabilities / Assets

38th percentile

0.06x

Higher debt load relative to assets than 38% of similar nonprofits.

2022 filings • NTEE B90 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

51st percentile

0.08x

Higher debt load relative to revenue than 51% of similar nonprofits.

2022 filings • NTEE B90 • $1M-$5M nonprofits • Source year 2022

Net Margin

30th percentile

0.4%

Higher net margin than 30% of similar nonprofits.

2022 filings • NTEE B90 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

47th percentile

$80,000

Higher top officer pay than 47% of similar nonprofits.

Top officer pay equals 3.8% of source-year revenue.

2022 filings • NTEE B90 • $1M-$5M nonprofits • Source year 2022

Asset Growth

35th percentile

-0.2%

Faster asset growth than 35% of similar nonprofits.

2022 filings • NTEE B90 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

10th percentile

-37%

Faster revenue growth than 10% of similar nonprofits.

2022 filings • NTEE B90 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Down

$2,949,464

Down $6,686 (-0.2%) from 2021

Net Assets

Down

$2,775,560

Down $44,709 (-1.6%) from 2021

Liabilities

Up

$173,904

Up $38,023 (+28%) from 2021

Revenue

Down

$2,085,547

Down $1,241,681 (-37%) from 2021

Expenses

Up

$2,077,810

Up $261,870 (+14%) from 2021

Net Income

Down

$7,737

Down $1,503,551 (-99%) from 2021

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2016: $788,997Liabilities 2016: $102,449Net Assets 2016: $686,5482016Assets 2017: $703,018Liabilities 2017: $101,270Net Assets 2017: $601,7482017Assets 2018: $542,689Liabilities 2018: $192,677Net Assets 2018: $350,0122018Assets 2019: $461,973Liabilities 2019: $178,206Net Assets 2019: $283,7672019Assets 2020: $1,426,188Liabilities 2020: $147,880Net Assets 2020: $1,278,3082020Assets 2021: $2,956,150Liabilities 2021: $135,881Net Assets 2021: $2,820,2692021Assets 2022: $2,949,464Liabilities 2022: $173,904Net Assets 2022: $2,775,5602022Assets 2023: $2,670,788Liabilities 2023: $471,530Net Assets 2023: $2,199,2582023Assets 2024: $2,775,321Liabilities 2024: $452,641Net Assets 2024: $2,322,6802024

Highlighted filing

2022

Assets$2,949,464
Liabilities$173,904
Net Assets$2,775,560

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2016: $1,394,260Expenses 2016: $1,209,515Net Income 2016: $184,7452016Revenue 2017: $1,130,709Expenses 2017: $1,244,706Net Income 2017: -$113,9972017Revenue 2018: $1,177,965Expenses 2018: $1,431,953Net Income 2018: -$253,9882018Revenue 2019: $1,448,164Expenses 2019: $1,501,368Net Income 2019: -$53,2042019Revenue 2020: $2,638,938Expenses 2020: $1,650,974Net Income 2020: $987,9642020Revenue 2021: $3,327,228Expenses 2021: $1,815,940Net Income 2021: $1,511,2882021Revenue 2022: $2,085,547Expenses 2022: $2,077,810Net Income 2022: $7,7372022Revenue 2023: $1,861,329Expenses 2023: $2,443,438Net Income 2023: -$582,1092023Revenue 2024: $2,551,285Expenses 2024: $2,438,644Net Income 2024: $112,6412024

Highlighted filing

2022

Revenue$2,085,547
Expenses$2,077,810
Net Income$7,737
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Apr 25, 2023
Return Version
2021v4.2
Gross Receipts
$2,255,586
Mission and Program Overview

Mission

Bjp offers an extended school day, small classes and opportunities for the low-income students.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,079,711$1,873,018▼ $206,693
Cash and Non-Interest-Bearing Accounts$621,745$814,255▲ $192,510
Accounts Receivable$50,000$132,562▲ $82,562
Investments in Publicly Traded Securities$139,772$102,299▼ $37,473
Prepaid Expenses and Deferred Charges$28,818$26,384▼ $2,434
Savings and Temporary Cash Investments$36,104$946▼ $35,158
Total Assets$2,956,150$2,949,464▼ $6,686
Liabilities
Accounts Payable and Accrued Expenses$132,042$166,404▲ $34,362
Deferred Revenue$3,839$7,500▲ $3,661
Total Liabilities$135,881$173,904▲ $38,023
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,499,580$2,418,771▼ $80,809
Net Assets With Donor Restrictions$320,689$356,789▲ $36,100
Total Net Assets Fund Balance$2,820,269$2,775,560▼ $44,709
Total Liabilities and Net Assets / Fund Balance$2,956,150$2,949,464▼ $6,686

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$1,756,948$375,752$2,132,700
Equipment$59,863$41,993$101,856
Other Land Buildings$56,207$33,090$89,297

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$320,689$83,650-$47,550$356,789
2020$382,265$131,365-$192,941$320,689
2019$233,765$200,000-$51,500$382,265
2018$284,302$1,500-$52,037$233,765
2017$350,938$10,000-$76,636$284,302
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Rev Mario Powell SjPresidentFT$80,000$80,000

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$2,128,678
Program Service Revenue
$31,416
Investment Income
$12,520
Other Revenue
$-87,067
All Other Contributions
$1,665,716
Change in Net Assets
$7,737

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Securities Publicly Traded6$39,150
Other Non Cash Contri Table1$5,850
Other Non Cash Contri Table1$3,560
Total Noncash Contributions8$48,560

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,084,737
Revenue Not Reported on Financial Statements
$810
Revenue Not Reported on Form 990
$-52,446
Total Revenue per Audited Statements
$2,032,291
Total Revenue per Form 990
$2,085,547
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,324,171
Other Expenses$655,239
Total Fundraising Expense$302,804
Professional Fundraising Fees$98,400
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$944,065$21,887$111,111$1,077,063
Depreciation Depletion$234,087$4,928$7,392$246,407
Occupancy$100,596$2,118$3,177$105,891
Fees for Services Professional Fundraising--$98,400$98,400
Other Employee Benefits$75,038$1,740$8,831$85,609
Payroll Taxes$71,435$1,656$8,408$81,499
Current Officers, Directors, Trustees, and Key Employees$70,121$1,626$8,253$80,000
Insurance$37,807$796$1,194$39,797
Fees for Services Other$11,533$3,911$22,773$38,217
Fees for Services Accounting-$25,714-$25,714
Office Expenses$12,113$170$12,990$25,273
Other Expenses$31,504$662$20,275$20,937
Fees for Service Investment Mgmnt Fees-$810-$810
Total Functional Expenses$1,708,988$66,018$302,804$2,077,810

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$2,077,810
Expenses per Audited Statements$2,077,000
Total Expenses per Audited Statements$2,077,000
Expenses Not Reported on Financial Statements$810
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$131,067
Professional Fundraising Fees$98,400
Fundraising Gross Income$44,000

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Virtual Action$85,406-$32,947-
Gala$405,018$44,000$26,535$17,465
Total Events$506,962$44,000$131,067$-87,067
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
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
Yes
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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 7B

Bjp is a two-tier corporation. Our board of members who are all jesuits must approve all new trustees and the hiring of the president.

Form 990, Part VI, Section B, Line 11B

The president and the treasurer review the form 990 before it is submitted to the internal revenue service.

Form 990, Part VI, Section B, Line 12C

All trustees receive a copy of the conflict of interest policy annually.

Form 990, Part VI, Section B, Line 15

Trustees approve compensation of president. The salary is well below industry standard for a president of a nativity model school. President is evaluated annually by the board of trustees. President sets the principal's salary which is below that paid for comparable work in the public sector.

Form 990, Part VI, Section C, Line 19

The organization makes its governing document, conflict of interest policy and financials available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Brooklyn Jesuit Prep
EIN
20-0108663
Phone
7186385884
Address
925 E 37TH ST, BROOKLYN, NY 11210

Signing Officer

Name
Richard Anderson
Title
Treasurer
Phone
7186385884
Signed
2023-04-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard Anderson
Formed
2003
Legal Domicile
Ny
Voting Board Members
22
Independent Board Members
21
Employees
29
Volunteers
50

Preparer

Firm
CONDON O'MEARA MCGINTY & DONNELLY LLP
Address
ONE BATTERY PARK PLAZA 7TH FL, NEW YORK, NY 10004
Preparer
Alexander Lazzaruolo
Phone
2126617777
Supplemental Narrative

Additional Explanations

Part III - Line I

Brooklyn jesuit prep is a nativity model middle school located in the east flatbush section of brooklyn, new york. Bjp offers an extended school day, small classes and opportunities for sports and activities for the low-income students in serves. In addition, a summer leadership program on a collect campus is provided for a month each summer for rising 5th, 6th, 7th and 8th graders. Financial support is provided for high school tuition where such support is necessary to allow graduates to attend catholic high school. Bjp's primary sources of revenue are contributions, grants and special events with a limited amount of income from family tuition payments.

Financial Statement Notes

PART V, LINE 4:

Net assets subject to donor-imposed stipulations that may or will be met either by actions of bjp or the passage of time are considered with donor restrictions. As the restrictions are satisfied, net assets with donor restrictions are reclassified to net assets without donor restrictions and reported in the statement of activities as net assets released from restrictions. Net assets with donor restrictions also contain net assets with donor-imposed restrictions that they be maintained in perpetuity but permit bjp to use all or part of the investment return on these assets for either specified or unspecified purposes.

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IRS990/Form990PartVIISectionAGrp/TitleTxt4TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt5SECRETARY
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IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt13TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt14TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt15TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt16TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt17TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt18TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt19TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt20TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt21TRUSTEE
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IRS990/FormationYr02003
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IRS990/FSAuditedInd01
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IRS990/FundraisingDirectExpensesAmt0131067
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IRS990/GrantsToOrganizationsInd00
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IRS990/GrossReceiptsAmt02255586
IRS990/GroupReturnForAffiliatesInd00
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IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
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IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
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IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0320689

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