Civic Intelligence

Bronx Charter School for Better Learning

990 • Fiscal year 2019 • EIN 26-0061118

Jul 01, 2018 to Jun 30, 2019 • Filed on Jul 02, 2020

3740 Baychester Avenue Annex BldgBronx, NY 10466

(718) 655-6660

Siviq Scores

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

Liabilities / Assets

49th percentile

0.32x

Higher debt load relative to assets than 49% of similar nonprofits.

2019 filings • NTEE B • $10M-$25M nonprofits • Source year 2019

Liabilities / Revenue

33rd percentile

0.10x

Higher debt load relative to revenue than 33% of similar nonprofits.

2019 filings • NTEE B • $10M-$25M nonprofits • Source year 2019

Net Margin

60th percentile

4.9%

Higher net margin than 60% of similar nonprofits.

2019 filings • NTEE B • $10M-$25M nonprofits • Source year 2019

Top Officer Pay

68th percentile

$221,771

Higher top officer pay than 68% of similar nonprofits.

Top officer pay equals 1.4% of source-year revenue.

2019 filings • NTEE B • $10M-$25M nonprofits • Source year 2019

Asset Growth

85th percentile

27%

Faster asset growth than 85% of similar nonprofits.

2019 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2018 to 2019

Revenue Growth

73rd percentile

15%

Faster revenue growth than 73% of similar nonprofits.

2019 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2018 to 2019

Assets

Up

$5,109,523

Up $1,082,070 (+27%) from 2018

Net Assets

Up

$3,488,117

Up $769,068 (+28%) from 2018

Liabilities

Up

$1,621,406

Up $313,002 (+24%) from 2018

Revenue

Up

$15,546,975

Up $2,082,488 (+15%) from 2018

Expenses

Up

$14,777,907

Up $1,708,602 (+13%) from 2018

Net Income

Up

$769,068

Up $373,886 (+95%) from 2018

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2011: $2,302,022Liabilities 2011: $81,117Net Assets 2011: $2,220,9052011Assets 2012: $2,502,136Liabilities 2012: $529,668Net Assets 2012: $1,972,4682012Assets 2013: $1,956,441Liabilities 2013: $832,292Net Assets 2013: $1,124,1492013Assets 2014: $2,076,705Liabilities 2014: $888,785Net Assets 2014: $1,187,9202014Assets 2015: $2,382,098Liabilities 2015: $753,622Net Assets 2015: $1,628,4762015Assets 2016: $2,833,391Liabilities 2016: $1,137,532Net Assets 2016: $1,695,8592016Assets 2018: $4,027,453Liabilities 2018: $1,308,404Net Assets 2018: $2,719,0492018Assets 2019: $5,109,523Liabilities 2019: $1,621,406Net Assets 2019: $3,488,1172019Assets 2021: $10,547,923Liabilities 2021: $1,637,789Net Assets 2021: $8,910,1342021Assets 2022: $13,001,165Liabilities 2022: $1,859,978Net Assets 2022: $11,141,1872022

Highlighted filing

2019

Assets$5,109,523
Liabilities$1,621,406
Net Assets$3,488,117

Operations Trend

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

$30M$20M$10M$0Expenses 2011: $5,475,0972011Expenses 2012: $6,105,0182012Expenses 2013: $7,062,6212013Revenue 2014: $6,622,500Expenses 2014: $6,558,729Net Income 2014: $63,7712014Revenue 2015: $8,096,363Expenses 2015: $7,655,807Net Income 2015: $440,5562015Revenue 2016: $9,791,524Expenses 2016: $9,724,141Net Income 2016: $67,3832016Revenue 2018: $13,464,487Expenses 2018: $13,069,305Net Income 2018: $395,1822018Revenue 2019: $15,546,975Expenses 2019: $14,777,907Net Income 2019: $769,0682019Revenue 2021: $19,273,025Expenses 2021: $15,555,444Net Income 2021: $3,717,5812021Revenue 2022: $20,270,676Expenses 2022: $18,039,623Net Income 2022: $2,231,0532022

Highlighted filing

2019

Revenue$15,546,975
Expenses$14,777,907
Net Income$769,068
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jul 2, 2020
Return Version
2018v3.1
Gross Receipts
$15,558,920
Mission and Program Overview

Mission

Bronx charter school for better learning provides its students with a solid foundation for academic success, through achievements that exceeds citywide averages and meets or exceeds new york state standards and national norms in all curriculum areas tested.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,826,980$2,708,548▲ $881,568
Cash and Non-Interest-Bearing Accounts$1,050,807$1,478,307▲ $427,500
Land, Buildings, and Equipment, Net$420,630$444,538▲ $23,908
Pledges and Grants Receivable$234,372$229,444▼ $4,928
Accounts Receivable$443,405$188,092▼ $255,313
Prepaid Expenses and Deferred Charges$51,259$60,594▲ $9,335
Total Assets$4,027,453$5,109,523▲ $1,082,070
Liabilities
Accounts Payable and Accrued Expenses$1,280,865$1,570,680▲ $289,815
Deferred Revenue$27,539$50,726▲ $23,187
Total Liabilities$1,308,404$1,621,406▲ $313,002
Net Assets / Fund Balance
Unrestricted Net Assets$2,709,697$3,485,085▲ $775,388
Temporarily Rstr Net Assets$9,352$3,032▼ $6,320
Total Net Assets Fund Balance$2,719,049$3,488,117▲ $769,068
Total Liabilities and Net Assets / Fund Balance$4,027,453$5,109,523▲ $1,082,070

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$328,073$1,160,316$1,488,389
Other Land Buildings$116,465$585,126$701,591
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dr Kevin BrennanExecutive Director Thru June 2019FT$216,746$5,025$221,771
Shubert JacobsPrincipalFT$170,368$14,190$184,558
Theodore SwartzProfessional DevelopmentFT$166,430$13,745$180,175
Paula HajarProfessional DevelopmentFT$156,024$12,570$168,594
Aderemi OgundiranDirector of Student SupporFT$151,127$13,745$164,872
Stephanie PoillucciProfessional DevelopmentFT$143,703$12,570$156,273
Bruce BallardProfessional DevelopmentFT$139,473$12,570$152,043
Anne Clarke-raysorPrincipalFT$127,857$2,400$130,257

Board Members and Trustees

NameTitle
Kimberly KellyChairperson
Marvin WaldmanVice-chairperson
Dean ThomasBoard Member
Neal MyerbergBoard Member
Robert BataBoard Member
Victor ZimmermannBoard Member
Jem PaganBoard Member (as of Aug. 2018)
Maeve MolloyBoard Member (thru Feb. 2019)
Marlon HenryParent Rep. (as of Oct. 2018)
William BernharhtSecretary
Marilyn MayeTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,150,942
Program Service Revenue
$14,389,591
Investment Income
$7,127
Other Revenue
$-685
All Other Contributions
$162,364
Change in Net Assets
$769,068

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeReported AmountValuation Method
Books and Publications$29,569Fair Market Value (FMV)
Total Noncash Contributions$29,569-

Audited Revenue Reconciliation

Revenue per Audited Statements
$15,546,975
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$11,945
Total Revenue per Audited Statements
$15,558,920
Total Revenue per Form 990
$15,546,975
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$12,861,575
Other Expenses$1,916,332
Total Fundraising Expense$164,846
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$8,958,163$417,652$105,069$9,480,884
Other Employee Benefits$1,709,578$93,193$20,299$1,823,070
Payroll Taxes$724,281$41,319$8,928$774,528
Current Officers, Directors, Trustees, and Key Employees$412,559$122,764$11,350$546,673
Fees for Services Other$456,145$60,796$1,787$518,728
Pension Plan Contributions$223,222$10,703$2,495$236,420
Depreciation Depletion$212,690$12,955$2,807$228,452
Office Expenses$101,450$5,513$1,189$108,152
Other Expenses$94,005$5,135$1,108$100,248
Occupancy$83,880$4,530$976$89,386
Insurance$75,726$4,186$903$80,815
All Other Expenses$55,059$4,580$4,576$64,215
Information Technology$46,904$1,685$358$48,947
Advertising$43,221$2,231$482$45,934
Fees for Services Accounting-$31,883-$31,883
Fees for Services Legal-$6,589-$6,589
Total Functional Expenses$13,775,621$837,440$164,846$14,777,907

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$14,789,852
Expenses per Audited Statements$14,777,907
Total Expenses per Form 990$14,777,907
Expenses Not Reported on Form 990$11,945
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$11,945
Fundraising Gross Income$11,260
Professional Fundraising Fees$0
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
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, Part VI, Section B, Line 11B

The governing body reviews the form 990 for accuracy before it is submitted.

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

The governing body submits a questionnaire to each of its trustees, officers and highly compensated employees requesting information relating to its conflict of interest policy annually.

Form 990, Part VI, Section B, Line 15

The governing body reviews a salary guide to be sure it is in keeping with the industry as a whole to determine compensation of the ceo, executive director, top management official and other officers or key employees.

Form 990, Part VI, Section C, Line 19

The organizations board meetings are publically held once a month and any information can be obtained during these meetings.

Filing and Contact Details

Filer

Filer Name
Bronx Charter School
EIN
26-0061118
Phone
7186556660
Address
3740 BAYCHESTER AVENUE ANNEX BLDG, BRONX, NY 10466

Signing Officer

Name
Dr Thomas Howard Jr
Title
Executive Director
Phone
7186556660
Signed
2020-07-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Thomas Howard Jr
Formed
2003
Legal Domicile
Ny
Voting Board Members
11
Independent Board Members
11
Employees
175
Volunteers
11

Preparer

Firm
Mengel Metzger Barr & Co Llp
Address
100 CHESTNUT STREET SUITE 1200, ROCHESTER, NY 14604
Preparer
Michelle Cain
Phone
5854231860
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

The process is consistent with prior years.

Financial Statement Notes

PART X, LINE 2:

The charter school is a tax-exempt charter school under section 501(c)(3) of the internal revenue code and applicable state regulations and, accordingly, is exempt from federal and state taxes on income. The charter school files form 990 tax returns in the u.s. Federal jurisdiction. The tax returns for the years ended june 30, 2016 through june 30, 2019 are still subject to potential audit by the irs. Management of the charter school believes it has no material uncertain tax positions and, accordingly it will not recognize any liability for unrecognized tax benefits.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Direct fundraising expenses 11,945.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Direct fundraising expenses 11,945.

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IRS990/ActivityOrMissionDesc0BRONX CHARTER SCHOOL FOR BETTER LEARNING PROVIDES ITS STUDENTS WITH A SOLID FOUNDATION FOR ACADEMIC SUCCESS, THROUGH ACHIEVEMENTS THAT EXCEEDS CITYWIDE AVERAGES AND MEETS OR EXCEEDS NEW YORK STATE STANDARDS AND NATIONAL NORMS IN ALL CURRICULUM AREAS TESTED.
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IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt11PRINCIPAL
IRS990/Form990PartVIISectionAGrp/TitleTxt12EXECUTIVE DIRECTOR THRU JUNE 2019
IRS990/Form990PartVIISectionAGrp/TitleTxt13PRINCIPAL
IRS990/Form990PartVIISectionAGrp/TitleTxt14PROFESSIONAL DEVELOPMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt15PROFESSIONAL DEVELOPMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt16PROFESSIONAL DEVELOPMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR OF STUDENT SUPPOR
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IRS990/MissionDesc0BRONX CHARTER SCHOOL FOR BETTER LEARNING PROVIDES ITS STUDENTS WITH A SOLID FOUNDATION FOR ACADEMIC SUCCESS, THROUGH ACHIEVEMENTS THAT EXCEEDS CITYWIDE AVERAGES AND MEETS OR EXCEEDS NEW YORK STATE STANDARDS AND NATIONAL NORMS IN ALL CURRICULUM AREAS TESTED.
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IRS990/OfficeExpensesGrp/FundraisingAmt01189
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IRS990/OperateHospitalInd00
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IRS990/PrincipalOfficerNm0DR THOMAS HOWARD JR
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt01160316
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IRS990ScheduleD/ExpensesNotReportedAmt011945
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CHARTER SCHOOL IS A TAX-EXEMPT CHARTER SCHOOL UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND APPLICABLE STATE REGULATIONS AND, ACCORDINGLY, IS EXEMPT FROM FEDERAL AND STATE TAXES ON INCOME. THE CHARTER SCHOOL FILES FORM 990 TAX RETURNS IN THE U.S. FEDERAL JURISDICTION. THE TAX RETURNS FOR THE YEARS ENDED JUNE 30, 2016 THROUGH JUNE 30, 2019 ARE STILL SUBJECT TO POTENTIAL AUDIT BY THE IRS. MANAGEMENT OF THE CHARTER SCHOOL BELIEVES IT HAS NO MATERIAL UNCERTAIN TAX POSITIONS AND, ACCORDINGLY IT WILL NOT RECOGNIZE ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS.

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