Civic Intelligence

Brooklyn Ascend Charter School

990 • Fiscal year 2016 • EIN 32-0232371

Jul 01, 2015 to Jun 30, 2016 • Filed on May 10, 2017

Organization ProfileWWW.ASCENDLEARNING.ORG
205 Rockaway ParkwayBrooklyn, NY 11212

(718) 907-9150

Siviq Scores

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

Liabilities / Assets

98th percentile

1.76x

Higher debt load relative to assets than 98% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

64th percentile

0.44x

Higher debt load relative to revenue than 64% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Net Margin

60th percentile

5.0%

Higher net margin than 60% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Top Officer Pay

45th percentile

$159,676

Higher top officer pay than 45% of similar nonprofits.

Top officer pay equals 0.8% of source-year revenue.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Asset Growth

95th percentile

54%

Faster asset growth than 95% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Revenue Growth

83rd percentile

25%

Faster revenue growth than 83% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets98th percentile

Assets

Up

$4,840,066

Up $1,690,982 (+54%) from 2015

Net Assets

Up

-$3,692,079

Up $964,620 (+21%) from 2015

Liabilities

Up

$8,532,145

Up $726,362 (+9.3%) from 2015

Revenue And Expenses
Liabilities / Revenue64th percentileNet Margin60th percentile

Revenue

Up

$19,451,596

Up $3,837,711 (+25%) from 2015

Expenses

Up

$18,486,976

Up $2,827,559 (+18%) from 2015

Net Income

Up

$964,620

Up $1,010,152 (+2219%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth95th percentile

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

$10M$5.0M$0-$5.0MAssets 2010: $1,206,514Liabilities 2010: $957,239Net Assets 2010: $249,2752010Assets 2011: $2,114,446Liabilities 2011: $2,398,055Net Assets 2011: -$283,6092011Assets 2012: $2,504,103Liabilities 2012: $3,815,370Net Assets 2012: -$1,311,2672012Assets 2013: $2,817,524Liabilities 2013: $5,803,994Net Assets 2013: -$2,986,4702013Assets 2014: $3,021,010Liabilities 2014: $7,632,177Net Assets 2014: -$4,611,1672014Assets 2015: $3,149,084Liabilities 2015: $7,805,783Net Assets 2015: -$4,656,6992015Assets 2016: $4,840,066Liabilities 2016: $8,532,145Net Assets 2016: -$3,692,0792016

Highlighted filing

2016

Assets$4,840,066
Liabilities$8,532,145
Net Assets-$3,692,079
Open 2016 Filing

Operations Trend

Revenue Growth83rd percentile

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

$20M$10M$0-$10MExpenses 2010: $4,165,4722010Expenses 2011: $7,257,0622011Expenses 2012: $10,285,4392012Expenses 2013: $12,583,6722013Revenue 2014: $13,321,626Expenses 2014: $14,946,323Net Income 2014: -$1,624,6972014Revenue 2015: $15,613,885Expenses 2015: $15,659,417Net Income 2015: -$45,5322015Revenue 2016: $19,451,596Expenses 2016: $18,486,976Net Income 2016: $964,6202016

Highlighted filing

2016

Revenue$19,451,596
Expenses$18,486,976
Net Income$964,620
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
May 10, 2017
Return Version
2015v3.0
Gross Receipts
$19,451,596
Mission and Program Overview

Mission

Brooklyn ascend charter school's (the "school") mission is to equip every student with the knowledge, confidence, and character to succeed in college and beyond. The school will span kindergarten through the 12th grade at maturity. (continued on schedule o) from the earliest grades, students will steadily build a strong foundation of learning habits, critical thinking skills, and knowledge; excel academically in the middle and high school, mastering high-level math and science; and graduate as confident young adults, prepared to succeed as college students, as citizens, and as leaders in their chosen fields.

To equip every student with the knowledge, confidence, and character to succeed in college and beyond.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,627,182$3,184,636▲ $557,454
Savings and Temporary Cash Investments$50,202$510,114▲ $459,912
Prepaid Expenses and Deferred Charges$23,244$394,495▲ $371,251
Pledges and Grants Receivable$366,146$346,256▼ $19,890
Cash and Non-Interest-Bearing Accounts-$314,143-
Total Assets$3,149,084$4,840,066▲ $1,690,982
Other Assets Total$82,310$90,422▲ $8,112
Liabilities
Other Liabilities$6,944,783$7,241,920▲ $297,137
Accounts Payable and Accrued Expenses$822,777$1,245,025▲ $422,248
Mortgage Notes Payable Secured by Investment Property-$24,874-
Deferred Revenue$38,223$20,326▼ $17,897
Total Liabilities$7,805,783$8,532,145▲ $726,362
Net Assets / Fund Balance
Unrestricted Net Assets$-4,656,699$-3,692,079▲ $964,620
Total Net Assets Fund Balance$-4,656,699$-3,692,079▲ $964,620
Total Liabilities and Net Assets / Fund Balance$3,149,084$4,840,066▲ $1,690,982

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$2,586,346$937,054$3,523,400
Equipment$494,900$807,708$1,302,608
Other Land Buildings$103,390$59,816$163,206
Compensation and Service Providers
Top Officer Pay45th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Johana AndujarSchool DirectorFT$136,206$23,470$159,676
Marsha GadsdenSchool DirectorFT$115,094$14,732$129,826
Melissa Jarvis-cedenoSchool DirectorFT$91,248$709$91,957
Janna GenzlingerSchool DirectorFT$71,783$8,140$79,923

Board Members and Trustees

NameTitle
Stephanie MauterstockBoard Chair
Christine SchlendorfTrustee
Kwaku AndohTrustee
Oral WalcottTrustee
Amanda CraftSecretary
Kathleen QuirkTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Ascend Learning INCManagement205 ROCKAWAY PARKWAY, Brooklyn, NY 11212$1,955,414
Martinez Cleaning Company INCCustodial Services88-11 31ST AVENUE, Jackson Heights, NY 11369$346,716
Securitas Security ServicesSecurity ServicesPO BOX 403412, Atlanta, GA 30384-3412$112,622
Revenue and Support

Revenue Composition

Contributions and Grants
$813,466
Program Service Revenue
$18,635,900
Investment Income
$1,411
Other Revenue
$819
All Other Contributions
$7,175
Change in Net Assets
$964,620

Audited Revenue Reconciliation

Revenue per Audited Statements
$19,451,596
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$19,451,596
Total Revenue per Form 990
$19,451,596
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$10,398,446
Other Expenses$8,088,530
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$7,737,124$700,281-$8,437,405
Occupancy$2,669,700$241,633-$2,911,333
Fees for Services Management$767,811$1,170,606-$1,938,417
Office Expenses$745,392$117,173-$862,565
Payroll Taxes$676,324$61,214-$737,538
Other Employee Benefits$666,064$59,642-$725,706
Fees for Services Other$408,947$126,167-$535,114
Current Officers, Directors, Trustees, and Key Employees$410,873$37,188-$448,061
Depreciation Depletion$335,612$30,376-$365,988
Information Technology$268,238$24,278-$292,516
Insurance$80,428$6,882-$87,310
Other Expenses$58,984$5,338-$64,322
Pension Plan Contributions$45,608$4,128-$49,736
All Other Expenses$39,969$541-$40,510
Advertising$24,030$1,115-$25,145
Fees for Services Accounting-$18,250-$18,250
Fees for Services Legal-$11,661-$11,661
Total Functional Expenses$15,851,459$2,635,517$0$18,486,976

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$18,486,976
Total Expenses per Audited Statements$18,486,976
Total Expenses per Form 990$18,486,976
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Rent$6,192,859
Due to Related Parties$1,049,061
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“The school has a relationship with a charter management organization, ascend learning, inc., a new york state not for profit corporation which provides management services and facility development costs pursuant to an agreement between both parties. Management fees paid for the year ended june 30, 2016 amounted to $1,180,198.”

Form 990, Part VI, Section B, Line 11

“Form 990 is reviewed by management and the finance committee of the board of trustees for approval. If changes are required, the school will then forward the form 990 to the auditing firm and a final version will be distributed to all board members prior to the irs submission.”

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

“The school shares its conflict of interest policy with board members and officers as part of their regular meetings. Officers, directors, and key employees are expected to declare if at any point a conflict of interest arises. In addition, the board of trustees sign an annual conflict of interest disclosure form.”

Form 990, Part VI, Section B, Line 15A

“For school directors, an annual meeting is held to review performance, scope of work (i.e. Size of school), salary comparables from nyc public schools, and national charter schools and determine compensation for the following year. This happens annually and is documented in the board minutes. The last time this occurred was in 2015.”

Form 990, Part VI, Section C, Line 19

“The organization makes its form 990 available for public inspection as required under section 6104 of the internal revenue code by posting it on guidestar.org. In addition, the financial statements, conflict of interest policy, articles of incorporation and by-laws are also available upon written request at 205 rockaway parkway, brooklyn, ny 11212, or by calling the organization directly at (347)464-7600.”

Filing and Contact Details

Filer

Filer Name
Brooklyn Ascend Charter School
EIN
32-0232371
Phone
7189079150
Address
205 ROCKAWAY PARKWAY, BROOKLYN, NY 11212

Signing Officer

Name
Stephanie Mauterstock
Title
Board Chair
Phone
7189079150
Signed
2017-05-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stephanie Mauterstock
Formed
2008
Legal Domicile
Ny
Voting Board Members
6
Independent Board Members
6
Employees
183
Volunteers
6

Preparer

Firm
PKF O'CONNOR DAVIES LLP
Address
500 MAMARONECK AVENUE, HARRISON, NY 10528-1633
Preparer
Garrett M Higgins
Phone
9143818900
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The school has a finance committee that is responsible for oversight of the audti and selection of its financial statements. The process has not changed from the prior year.”

Financial Statement Notes

PART X, LINE 2:

“The school's accounting policy provides that a tax expense or benefit from an uncertain tax position may be recognized when it is more likely than not that the position will be sustained upon examination, including resolutions of any related appeals or litigation processes, based on the technical merits. The school has no uncertain tax position resulting in an accrual of tax expense or benefit.”

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IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt024278
IRS990/InformationTechnologyGrp/ProgramServicesAmt0268238
IRS990/InformationTechnologyGrp/TotalAmt0292516
IRS990/InsuranceGrp/ManagementAndGeneralAmt06882
IRS990/InsuranceGrp/ProgramServicesAmt080428
IRS990/InsuranceGrp/TotalAmt087310
IRS990/InvestmentIncomeGrp/ExclusionAmt01411
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01411
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt012
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01804578
IRS990/LandBldgEquipBasisNetGrp/BOYAmt02627182
IRS990/LandBldgEquipBasisNetGrp/EOYAmt03184636
IRS990/LandBldgEquipCostOrOtherBssAmt04989214
IRS990/LegalDomicileStateCd0NY
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0BROOKLYN ASCEND CHARTER SCHOOL'S (THE "SCHOOL") MISSION IS TO EQUIP EVERY STUDENT WITH THE KNOWLEDGE, CONFIDENCE, AND CHARACTER TO SUCCEED IN COLLEGE AND BEYOND. THE SCHOOL WILL SPAN KINDERGARTEN THROUGH THE 12TH GRADE AT MATURITY. (CONTINUED ON SCHEDULE O) FROM THE EARLIEST GRADES, STUDENTS WILL STEADILY BUILD A STRONG FOUNDATION OF LEARNING HABITS, CRITICAL THINKING SKILLS, AND KNOWLEDGE; EXCEL ACADEMICALLY IN THE MIDDLE AND HIGH SCHOOL, MASTERING HIGH-LEVEL MATH AND SCIENCE; AND GRADUATE AS CONFIDENT YOUNG ADULTS, PREPARED TO SUCCEED AS COLLEGE STUDENTS, AS CITIZENS, AND AS LEADERS IN THEIR CHOSEN FIELDS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt024874
IRS990/NetAssetsOrFundBalancesBOYAmt0-4656699
IRS990/NetAssetsOrFundBalancesEOYAmt0-3692079
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0241633
IRS990/OccupancyGrp/ProgramServicesAmt02669700
IRS990/OccupancyGrp/TotalAmt02911333
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0117173
IRS990/OfficeExpensesGrp/ProgramServicesAmt0745392
IRS990/OfficeExpensesGrp/TotalAmt0862565
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt082310
IRS990/OtherAssetsTotalGrp/EOYAmt090422
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt059642
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0666064
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0725706
IRS990/OtherExpensesGrp/Desc0CURRICULUM AND CLASSROO
IRS990/OtherExpensesGrp/Desc1FOOD SERVICES
IRS990/OtherExpensesGrp/Desc2REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc3DUES AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt03270
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt115774
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt25338
IRS990/OtherExpensesGrp/ProgramServicesAmt0419030
IRS990/OtherExpensesGrp/ProgramServicesAmt1323049
IRS990/OtherExpensesGrp/ProgramServicesAmt2174276
IRS990/OtherExpensesGrp/ProgramServicesAmt358984
IRS990/OtherExpensesGrp/TotalAmt0419030
IRS990/OtherExpensesGrp/TotalAmt1326319
IRS990/OtherExpensesGrp/TotalAmt2190050
IRS990/OtherExpensesGrp/TotalAmt364322
IRS990/OtherLiabilitiesGrp/BOYAmt06944783
IRS990/OtherLiabilitiesGrp/EOYAmt07241920
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt0819
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0819
IRS990/OtherRevenueTotalAmt0819
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0700281
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt07737124
IRS990/OtherSalariesAndWagesGrp/TotalAmt08437405
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt061214
IRS990/PayrollTaxesGrp/ProgramServicesAmt0676324
IRS990/PayrollTaxesGrp/TotalAmt0737538
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt04128
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt045608
IRS990/PensionPlanContributionsGrp/TotalAmt049736
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0366146
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0346256
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt023244
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0394495
IRS990/PrincipalOfficerNm0STEPHANIE MAUTERSTOCK
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/Desc0GOV'T PER-PUPIL REV.
IRS990/ProgramServiceRevenueGrp/Desc1GOV'T PER-PUPIL REV.-FACILITIES
IRS990/ProgramServiceRevenueGrp/Desc2PROGRAM RELATED RENTAL
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt018048755
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1414645
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2172500
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt018048755
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1414645
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2172500
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0751505
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01467
IRS990/PYOtherExpensesAmt06863244
IRS990/PYOtherRevenueAmt0160000
IRS990/PYProgramServiceRevenueAmt014700913
IRS990/PYRevenuesLessExpensesAmt0-45532
IRS990/PYSalariesCompEmpBnftPaidAmt08796173
IRS990/PYTotalExpensesAmt015659417
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt015613885
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0964620
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt018635900
IRS990/SavingsAndTempCashInvstGrp/BOYAmt050202
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0510114
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt0494900
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0807708
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01302608
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt018486976
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt02586346
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0937054
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt03523400
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0103390
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt059816
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0163206
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt06192859
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11049061
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED RENT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO RELATED PARTIES
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt019451596
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL'S ACCOUNTING POLICY PROVIDES THAT A TAX EXPENSE OR BENEFIT FROM AN UNCERTAIN TAX POSITION MAY BE RECOGNIZED WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION, INCLUDING RESOLUTIONS OF ANY RELATED APPEALS OR LITIGATION PROCESSES, BASED ON THE TECHNICAL MERITS. THE SCHOOL HAS NO UNCERTAIN TAX POSITION RESULTING IN AN ACCRUAL OF TAX EXPENSE OR BENEFIT.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03184636
IRS990ScheduleD/TotalExpensesPerForm990Amt018486976
IRS990ScheduleD/TotalLiabilityAmt07241920
IRS990ScheduleD/TotalRevenuePerForm990Amt019451596
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt019451596
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt018486976
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd00
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0UPON PUBLICIZING ITS LOTTERY EACH YEAR FOR THE NEW STUDENTS, THE SCHOOL INCLUDES A NON-DISCRIMINATORY POLICY IN ITS PUBLICATION MATERIALS USED TO INFORM THE LOCAL COMMUNITY.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL DOES NOT OFFER ANY FINANCIAL ASSISTANCE AND SCHOLARSHIPS. THE STUDENTS ARE NOT CHARGED TUITION.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2THE SCHOOL RECEIVES PER PUPIL FUNDING FROM THE NYC DEPARTMENT OF EDUCATION UNDER THEIR CHARTER AGREEMENT. THE SCHOOL ALSO RECEIVES VARIOUS FEDERAL, STATE, AND CITY FUNDS INCLUDING FEDERAL ENTITLEMENTS TO ASSIST WITH COVERING THE COST OF CERTAIN PROGRAMS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 4
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE E, PART I, LINE 6
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/Form990OfOtherOrganizationsInd0X
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0136206

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,840,066
Liabilities
$8,532,145
Net assets
-$3,692,079
Revenue
$19,451,596
Expenses
$18,486,976
Net income
$964,620
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2016Detailed filing. Detailed filing data is available for this year.$4.84$8.53$3.69$19.5$18.5$0.96
2015Detailed filing. Detailed filing data is available for this year.$3.15$7.81$4.66$15.6$15.7$0.05
2014Detailed filing. Detailed filing data is available for this year.$3.02$7.63$4.61$13.3$14.9$1.62
2013XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.82$5.80$2.99$12.6
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.50$3.82$1.31$10.3
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.11$2.40$0.28$7.26
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.21$0.96$0.25$4.17