Civic Intelligence

Inwood Academy for Leadership Charter School

EIN 27-1936773 • 501(c)3 • New York, NY

Profile

To empower students in the inwood and washington heights areas of new york city to become agents for change through community-focused leadership, character development, and college preparedness.

3896 10th AvenueNew York, NY 10034

www.inwoodacademy.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

83rd percentile

0.96x

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

NTEE B • $50M-$100M nonprofits • Source year 2025

Liabilities / Revenue

83rd percentile

3.20x

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

NTEE B • $50M-$100M nonprofits • Source year 2025

Net Margin

15th percentile

-19%

Higher net margin than 15% of similar nonprofits.

NTEE B • $50M-$100M nonprofits • Source year 2025

Top Officer Pay

45th percentile

$255,620

Higher top officer pay than 45% of similar nonprofits.

Top officer pay equals 1.0% of source-year revenue.

NTEE B • $50M-$100M nonprofits • Source year 2025

Asset Growth

90th percentile

40%

Faster asset growth than 90% of similar nonprofits.

NTEE B • $50M-$100M nonprofits • Annualized from 2024 to 2025

Revenue Growth

30th percentile

-1.9%

Faster revenue growth than 30% of similar nonprofits.

NTEE B • $50M-$100M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets83rd percentile

Assets

Up

$88,366,506

Up $25,412,705 (+40%) from 2024

Liabilities

Up

$84,438,560

Up $30,371,721 (+56%) from 2024

Net Assets

Down

$3,927,946

Down $4,959,016 (-56%) from 2024

Operations
Liabilities / Revenue83rd percentileNet Margin15th percentile

Revenue

Down

$26,414,444

Down $517,414 (-1.9%) from 2024

Expenses

Up

$31,373,460

Up $1,911,887 (+6.5%) from 2024

Net Income

Down

-$4,959,016

Down $2,429,301 (-96%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth90th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$100M$50M$0Assets 2011: $539,388Liabilities 2011: $136,941Net Assets 2011: $402,4472011Assets 2012: $1,295,381Liabilities 2012: $255,754Net Assets 2012: $1,039,6272012Assets 2013: $1,395,725Liabilities 2013: $274,346Net Assets 2013: $1,121,3792013Assets 2014: $1,709,731Liabilities 2014: $479,617Net Assets 2014: $1,230,1142014Assets 2015: $2,376,076Liabilities 2015: $808,012Net Assets 2015: $1,568,0642015Assets 2016: $3,534,859Liabilities 2016: $836,593Net Assets 2016: $2,698,2662016Assets 2017: $5,652,497Liabilities 2017: $878,304Net Assets 2017: $4,774,1932017Assets 2018: $27,038,969Liabilities 2018: $19,151,389Net Assets 2018: $7,887,5802018Assets 2019: $30,388,879Liabilities 2019: $19,766,645Net Assets 2019: $10,622,2342019Assets 2020: $30,360,347Liabilities 2020: $19,429,835Net Assets 2020: $10,930,5122020Assets 2021: $70,977,670Liabilities 2021: $59,487,957Net Assets 2021: $11,489,7132021Assets 2022: $68,921,110Liabilities 2022: $57,158,303Net Assets 2022: $11,762,8072022Assets 2023: $67,157,920Liabilities 2023: $55,741,243Net Assets 2023: $11,416,6772023Assets 2024: $62,953,801Liabilities 2024: $54,066,839Net Assets 2024: $8,886,9622024Assets 2025: $88,366,506Liabilities 2025: $84,438,560Net Assets 2025: $3,927,9462025

Highlighted filing

2025

Assets$88,366,506
Liabilities$84,438,560
Net Assets$3,927,946
Open 2025 Filing

Operations Trend

Revenue Growth30th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$40M$30M$20M$10M$0-$10MExpenses 2011: $1,803,0132011Expenses 2012: $3,469,1112012Expenses 2013: $5,706,2292013Revenue 2014: $7,664,379Expenses 2014: $7,555,644Net Income 2014: $108,7352014Revenue 2015: $10,380,172Expenses 2015: $10,042,222Net Income 2015: $337,9502015Revenue 2016: $12,962,676Expenses 2016: $11,832,474Net Income 2016: $1,130,2022016Revenue 2017: $15,374,019Expenses 2017: $13,298,092Net Income 2017: $2,075,9272017Revenue 2018: $17,742,998Expenses 2018: $14,629,611Net Income 2018: $3,113,3872018Revenue 2019: $19,808,015Expenses 2019: $17,073,361Net Income 2019: $2,734,6542019Revenue 2020: $22,735,310Expenses 2020: $22,427,032Net Income 2020: $308,2782020Revenue 2021: $23,467,581Expenses 2021: $23,294,718Net Income 2021: $172,8632021Revenue 2022: $26,025,022Expenses 2022: $25,751,928Net Income 2022: $273,0942022Revenue 2023: $27,610,767Expenses 2023: $27,956,897Net Income 2023: -$346,1302023Revenue 2024: $26,931,858Expenses 2024: $29,461,573Net Income 2024: -$2,529,7152024Revenue 2025: $26,414,444Expenses 2025: $31,373,460Net Income 2025: -$4,959,0162025

Highlighted filing

2025

Revenue$26,414,444
Expenses$31,373,460
Net Income-$4,959,016
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$88,366,506
Liabilities
$84,438,560
Net assets
$3,927,946
Revenue
$26,414,444
Expenses
$31,373,460
Net income
-$4,959,016
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$88.4$84.4$3.93$26.4$31.4$4.96
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$63.0$54.1$8.89$26.9$29.5$2.53
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$67.2$55.7$11.4$27.6$28.0$0.35
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$68.9$57.2$11.8$26.0$25.8$0.27
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$71.0$59.5$11.5$23.5$23.3$0.17
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$30.4$19.4$10.9$22.7$22.4$0.31
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$30.4$19.8$10.6$19.8$17.1$2.73
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$27.0$19.2$7.89$17.7$14.6$3.11
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.65$0.88$4.77$15.4$13.3$2.08
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.53$0.84$2.70$13.0$11.8$1.13
2015Detailed filing. Detailed filing data is available for this year.$2.38$0.81$1.57$10.4$10.0$0.34
2014Detailed filing. Detailed filing data is available for this year.$1.71$0.48$1.23$7.66$7.56$0.11
2013XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.40$0.27$1.12$5.71
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.30$0.26$1.04$3.47
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.54$0.14$0.40$1.80
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Jan 21, 2026
Return Version
2024v5.1
Gross Receipts
$26,414,444
Mission and Program Overview

Mission

To empower students in the inwood and washington heights area of new york city to become agents for change through community-focused leadership, character development, and college preparedness.

To empower students in upper manhattan to become agents for change through community-focused leadership, character development, & college preparedness.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$16,984,474$16,274,474▼ $710,000
Cash and Non-Interest-Bearing Accounts$2,692,014$3,915,815▲ $1,223,801
Savings and Temporary Cash Investments$6,746,696$3,781,251▼ $2,965,445
Pledges and Grants Receivable$1,729,780$343,408▼ $1,386,372
Prepaid Expenses and Deferred Charges$21,356$44,559▲ $23,203
Accounts Receivable$58,772$6,106▼ $52,666
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0--
Investments Program Related$0--
Loans From Officers Directors-$0-
Total Assets$62,953,801$88,366,506▲ $25,412,705
Other Assets Total$34,720,709$64,000,893▲ $29,280,184
Liabilities
Other Liabilities$37,370,061$68,094,212▲ $30,724,151
Tax Exempt Bond Liabilities$16,337,023$16,000,383▼ $336,640
Accounts Payable and Accrued Expenses$359,755$343,965▼ $15,790
Total Liabilities$54,066,839$84,438,560▲ $30,371,721
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$8,886,962$3,927,946▼ $4,959,016
Total Net Assets Fund Balance$8,886,962$3,927,946▼ $4,959,016
Total Liabilities and Net Assets / Fund Balance$62,953,801$88,366,506▲ $25,412,705

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$15,386,934$8,059,619$23,446,553
Equipment$797,150$1,703,117$2,500,267
Buildings$90,390$988,678$1,079,068
Other Assets Org$183,430--
Compensation and Service Providers
Top Officer Pay45th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Christina ReyesCEOFT$235,127$20,493$255,620
Jenny PichardoCOO/CFOFT$217,594$12,365$229,959
Bianca MercedesChief School OfficeFT$177,986$21,400$199,386
Claire RiccardiDirector of Curriculum & InstructionFT$148,797$25,500$174,297
Tatiana MahoneyDir., Family & Community EngagementFT$145,029$25,500$170,529
Mary HackettDir., School Culture & Leadership DevelopmentFT$158,621$10,514$169,135
Gaayathry ThiyagarajahElementary School DirectorFT$153,484$9,675$163,159
Marjorie IglioMiddle School Director (thru 11/30/2024)FT$110,807$45,362$156,169

Board Members and Trustees

NameTitle
Maxwell RosenthalChairman
Kathleen MangualVice Chair
Carlos TaleroBoard Member
Jay PatrickBoard Member
Joanne LooneyBoard Member
Karen DreznerBoard Member
Kathleen SmithBoard Member
Reshma KhamisBoard Member
Shuvi SantosBoard Member
Vic SinghBoard Member
Jhoselyn AlmonteSecretary
Steven MylnarTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Baem Leadership LLCConsulting170 Kohanza Street, Danbury, CT 06811$124,003
Revenue and Support

Revenue Composition

Contributions and Grants
$164,893
Program Service Revenue
$25,987,328
Investment Income
$232,487
Other Revenue
$29,736
All Other Contributions
$164,893
Change in Net Assets
$-4,959,016

Audited Revenue Reconciliation

Revenue per Audited Statements
$26,414,444
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$26,414,444
Total Revenue per Form 990
$26,414,444
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$17,878,418
Other Expenses$13,495,042
Total Fundraising Expense$362,509
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$11,287,421$2,423,179$221,957$13,932,557
Depreciation Depletion$705,601$5,234,443$13,875$5,953,919
Occupancy$1,365,040$897,856$25,546$2,288,442
Other Employee Benefits$1,206,567$259,026$23,726$1,489,319
Payroll Taxes$1,091,033$234,223$21,454$1,346,710
Fees for Services Other$782,353$247,855$11,174$1,041,382
Interest$484,643$382,738$8,933$876,314
Current Officers, Directors, Trustees, and Key Employees$616,285$132,304$12,119$760,708
All Other Expenses$451,846$111,158$5,986$568,990
Office Expenses$31,558$397,027$621$429,206
Other Expenses$390,751$6,357$0$397,108
Pension Plan Contributions$282,842$60,720$5,562$349,124
Information Technology$211,903$29,844$2,734$244,481
Insurance$123,512$26,515$2,429$152,456
Fees for Services Legal$0$104,316$0$104,316
Fees for Services Accounting$0$61,938$0$61,938
Total Functional Expenses$20,332,786$10,678,165$362,509$31,373,460

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$31,373,460
Total Expenses per Audited Statements$31,373,460
Total Expenses per Form 990$31,373,460
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Other Expense Adjustments$0
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees-$0-
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal Income Taxes$36,655,431
Finance Lease Liabilities$31,438,781
Operating Lease Liabilities-

Bond Issues

BondIssuerIssuedIssue PricePurpose
ABuild Nyc Resource Corporation2018-05-15$17,560,000Acquisition/improv. Of facility

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$17,676,687--$246,384

Bond Financing Compliance

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

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B Review of form 990 by governing body

“Form 990 was prepared by a nationally recognized accounting firm in conjunction with the organization's finance department. The finance committee reviews the 990 and reports to the governing body on their review and approval.”

Form 990, Part VI, Line 12C Conflict of interest policy

“Annually, every member of the board of trustees and officers signs a conflict of interest policy. In event a conflict arises, affected individuals are required to recuse themselves from discussions and/or abstain from voting regarding mattes involving possible conflict of interest.”

Form 990, Part VI, Line 15A Process to establish compensation of top management official

“A committee of the board evaluates the executive leadership's compensation and compensation of officers in conjunction with information available regarding comparable positions. The committee utilizes salary information from other charter schools in its determination. The information is included in the organization's annual budget and approved by the board during the last board meeting of each fiscal year. Compensation discussions are documented in the board minutes.”

Form 990, Part VI, Line 15B Process to establish compensation of other employees

“A committee of the board evaluates the executive leadership's compensation and compensation of officers in conjunction with information available regarding comparable positions. The committee utilizes salary information from other charter schools in its determination. The information is included in the organization's annual budget and approved by the board during the last board meeting of each fiscal year. Compensation discussions are documented in the board minutes.”

Form 990, Part VI, Line 19 Required documents available to the public

“The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Inwood Academy for Leadership Charter School
EIN
27-1936773
Phone
2123040103
Address
3896 10TH AVENUE, NEW YORK, NY 10034

Signing Officer

Name
Jenny Pichardo
Title
CFO/COO
Signed
2026-01-21
Discuss with paid preparer
Yes

Organization Details

Formed
2009
Legal Domicile
Ny
Voting Board Members
12
Independent Board Members
12
Employees
222
Volunteers
13

Preparer

Firm
Bdo USA
Address
200 PARK AVE 38TH FLOOR, NEW YORK, NY 10166
Preparer
Christina Patten
Phone
2128858000
Supplemental Narrative

Financial Statement Notes

Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote

“Under u.s. Gaap, an organization must recognize the tax benefit associated with tax positions taken for tax return purposes when it is more likely than not that the position will not be sustained upon examination by a taxing authority. The school does not believe it has taken any material uncertain tax positions and, accordingly, it has not recorded any liability for unrecognized tax benefits. The school is subject to routine audits by a taxing authority. As of june 30, 2025, the school was not subject to any examination by a taxing authority.”

Raw XML AppendixShowing 400 of 817 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0Inwood Academy for Leadership's academic program is designed to inspire students' intellectual curiosity and confidence. Our program utilizes the core knowledge program to pair content knowledge with skills development. All Inwood Academy for Leadership scholars take classes in four core subjects - English Language Arts, Science, Social Studies and Mathematics - as well as Art, Spanish, Music, Writing, Physical Education and Health.
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