Civic Intelligence

Brooklyn Dreams Charter School

990 • Fiscal year 2013 • EIN 32-0301505

Jul 01, 2012 to Jun 30, 2013 • Filed on Feb 17, 2014

Organization ProfileWWW.NHASCHOOLS.COM
259 Parkville AveSuite11230
Siviq Scores

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

Liabilities / Assets

86th percentile

0.79x

Higher debt load relative to assets than 86% of similar nonprofits.

2013 filings • NTEE B • $5M-$10M nonprofits • Source year 2013

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2013

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2013

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2013

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets86th percentile

Assets

$206,962

No earlier filing loaded for comparison.

Net Assets

$42,993

No earlier filing loaded for comparison.

Liabilities

$163,969

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

$6,312,203

No earlier filing loaded for comparison.

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$1.0M$500K$0Assets 2013: $206,962Liabilities 2013: $163,969Net Assets 2013: $42,9932013Assets 2014: $303,320Liabilities 2014: $258,537Net Assets 2014: $44,7832014Assets 2015: $382,875Liabilities 2015: $331,302Net Assets 2015: $51,5732015Assets 2017: $443,289Liabilities 2017: $406,470Net Assets 2017: $36,8192017Assets 2019: $297,268Liabilities 2019: $240,047Net Assets 2019: $57,2212019Assets 2020: $568,385Liabilities 2020: $465,069Net Assets 2020: $103,3162020Assets 2021: $845,636Liabilities 2021: $719,390Net Assets 2021: $126,2462021

Highlighted filing

2013

Assets$206,962
Liabilities$163,969
Net Assets$42,993
Open 2013 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$15M$10M$5.0M$0-$5.0MExpenses 2013: $6,312,2032013Revenue 2014: $7,408,577Expenses 2014: $7,406,787Net Income 2014: $1,7902014Revenue 2015: $8,820,059Expenses 2015: $8,813,269Net Income 2015: $6,7902015Revenue 2017: $10,173,410Expenses 2017: $10,207,138Net Income 2017: -$33,7282017Revenue 2019: $11,149,162Expenses 2019: $11,139,714Net Income 2019: $9,4482019Revenue 2020: $11,910,637Expenses 2020: $11,864,542Net Income 2020: $46,0952020Revenue 2021: $12,734,633Expenses 2021: $12,711,703Net Income 2021: $22,9302021

Highlighted filing

2013

Revenue-
Expenses$6,312,203
Net Income-
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2012 to Jun 30, 2013
Signed
Feb 17, 2014
Return Version
2012v2.3
Gross Receipts
$6,281,640
Mission and Program Overview

Mission

To operate a public charter school as defined by article 56 of the new york state education law which provides education to children in grades kindergarten through eighth grade based on rigorous teaching methods, parental involvement, student responsibility, and basic moral values. Enrollment is open to all appropriately aged children without regard to gender, ethnic background, disability, and/or religious affiliation.

Major Activities

Activity 2
Operated a school food service program at the public charter school described above. The school offers free or reduced breakfast and/or lunch for families that qualify. Research has shown that students who eat their breakfast in the morning exhibit better memory retention. Funding for this program was provided by the usda food and nutrition service, in the amount of $194,074.
Filing and Contact Details

Filer

EIN
32-0301505
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IRS990/Activity2/Description0OPERATED A SCHOOL FOOD SERVICE PROGRAM AT THE PUBLIC CHARTER SCHOOL DESCRIBED ABOVE. THE SCHOOL OFFERS FREE OR REDUCED BREAKFAST AND/OR LUNCH FOR FAMILIES THAT QUALIFY. RESEARCH HAS SHOWN THAT STUDENTS WHO EAT THEIR BREAKFAST IN THE MORNING EXHIBIT BETTER MEMORY RETENTION. FUNDING FOR THIS PROGRAM WAS PROVIDED BY THE USDA FOOD AND NUTRITION SERVICE, IN THE AMOUNT OF $194,074.
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IRS990/MissionDescription0TO OPERATE A PUBLIC CHARTER SCHOOL AS DEFINED BY ARTICLE 56 OF THE NEW YORK STATE EDUCATION LAW WHICH PROVIDES EDUCATION TO CHILDREN IN GRADES KINDERGARTEN THROUGH FIFTH GRADE BASED ON RIGOROUS TEACHING METHODS, PARENTAL INVOLVEMENT, STUDENT RESPONSIBILITY, AND BASIC MORAL VALUES. ENROLLMENT IS OPEN TO ALL APPROPRIATELY AGED CHILDREN WITHOUT REGARD TO GENDER, ETHNIC BACKGROUND, DISABILITY, AND/OR RELIGIOUS AFFILIATION.
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IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation0THE ORGANIZATION HAS EVALUATED ITS POSITION REGARDING THE ACCOUNTING FOR UNCERTAIN INCOME TAX POSITIONS AND DOES NOT BELIEVE THAT IT HAS ANY MATERIAL UNCERTAIN TAX POSITIONS. THE ORGANIZATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. RECOGNIZED INCOME TAX POSITIONS ARE RECORDED AT THE LARGEST AMOUNT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED UPON SETTLEMENT WITH A TAXING AUTHORITY THAT HAS FULL KNOWLEDGE OF ALL RELEVANT INFORMATION. THE DETERMINATION OF WHETHER OR NOT A TAX POSITION HAS MET THE MORE-LIKELY-THAN-NOT RECOGNITION THRESHOLD CONSIDERS THE FACTS, CIRCUMSTANCES, AND OTHER INFORMATION AVAILABLE AT THE REPORTING DATE AND IS SUBJECT TO MANAGEMENT'S JUDGMENT. CHANGES IN THE RECOGNITION OR MEASUREMENT ARE REFLECTED IN THE PERIOD IN WHICH THE CHANGE IN JUDGMENT OCCURS.
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IRS990ScheduleE/Form990ScheduleEPartII/Explanation0THE SCHOOL'S RACIALLY NONDISCRIMINATORY POLICY IS DISCLOSED ON ALL STUDENT APPLICATIONS AND PUBLISHED WITH OPEN ENROLLEMENT ADVERTISEMENTS IN LOCAL NEWSPAPERS. THE NOTICE OF ITS RACIALLY NONDISCRIMINATORY POLICY IS PUBLISHED ANNUALLY DURING THE PERIOD PRIOR TO THE SCHOOLS SOLICITATION IN LOCAL NEWSPAPERS WHICH ARE AVAILABLE FOR CIRCULATION TO ALL SEGMENTS OF THE COMMUNITY. THE PARTICULARS AS TO COLUMN SIZE, PRINT AND TYPE SPECIFIED BY THE IRS ARE MET OR EXCEEDED.
IRS990ScheduleE/Form990ScheduleEPartII/Explanation1THE SCHOOL RECEIVES SUPPORT GRANTS FROM FEDERAL, STATE, AND LOCAL AGENCIES.
IRS990ScheduleE/Form990ScheduleEPartII/Identifier0SCHEDULE E, PART I, LINE 3:
IRS990ScheduleE/Form990ScheduleEPartII/Identifier1SCHEDULE E, PART I, LINE 6 - EXPLANATION OF GOVERNMENT FINANCIAL AID:
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IRS990ScheduleO/GeneralExplanation/Explanation0THE BOARD OF TRUSTEES OF THE SCHOOL HAS ENTERED INTO A MANAGEMENT AGREEMENT ("THE AGREEMENT") WITH NATIONAL HERITAGE ACADEMIES, INC. ("NHA") FOR THE PROVISION OF ALL EDUCATIONAL, MANAGEMENT AND BUSINESS SERVICES RELATED TO THE OPERATION OF THE SCHOOL. THE AGREEMENT WAS SUBMITTED AND APPROVED BY THE BOARD OF TRUSTEES OF THE STATE UNIVERSITY OF NEW YORK AS PART OF THE CHARTERING PROCESS. PURSUANT TO THE TERMS OF THE AGREEMENT, NHA RECEIVES ALL REVENUE ALLOCATED TO THE SCHOOL AS ITS MANAGEMENT FEE, FROM WHICH IT PROVIDES ITS COMPREHENSIVE EDUCATIONAL MANAGEMENT SERVICES AS SPECIFIED IN THE AGREEMENT AND REQUIRED UNDER THE SCHOOL'S CHARTER (I.E., ALL OF THE OPERATING COSTS OF THE SCHOOL IDENTIFIED IN THE BUDGET APPROVED BY THE SCHOOL'S BOARD). THE FUNCTIONAL EXPENSES REPORTED IN PART IX ARE THE EXPENSES PAID FROM THE FUNDS REMITTED UNDER THE NHA MANAGEMENT AGREEMENT. IN THE EVENT EXPENSES EXCEED REVENUES, NHA COVERS THE SHORTFALL WITH AN IN-KIND CONTRIBUTION. THIS AGREEMENT HAS BEEN APPROVED BY THE BOARD OF TRUSTEES OF THE STATE UNIVERSITY OF NEW YORK DURING THE SCHOOL'S CHARTER PROCESS AS WELL AS THE INTERNAL REVENUE SERVICE DURING THE SCHOOL'S EXEMPTION APPLICATION PROCESS.
IRS990ScheduleO/GeneralExplanation/Explanation1A DRAFT COPY OF THE FORM 990 WAS PROVIDED TO THE BOARD OF DIRECTORS IN A PACKAGE OF MATERIALS FOR BOARD REVIEW PRIOR TO THE SCHEDULED BOARD MEETING THAT WAS HELD BEFORE THE FILING OF THIS RETURN.
IRS990ScheduleO/GeneralExplanation/Explanation2THE SCHOOL'S BYLAWS REQUIRE THAT ANY TRUSTEE, OFFICER, KEY EMPLOYEE, OR COMMITTEE MEMBER WHO HAS A CONFLICT OF INTEREST MUST PROMPTLY NOTIFY THE BOARD OF THE CONFLICT AND THE CONFLICT WILL BE DULY NOTED IN THE BOARD OF TRUSTEE MEETING MINUTES. THE PERSON WITH THE CONFLICT WILL BE EXCLUDED FROM DECISION MAKING ON THIS ISSUE. THE BOARD MAY TAKE FORMAL, CORRECTIVE AND DISCIPLINARY ACTIONS IF PROPER DISCLOSURE OF CONFLICTS OF INTEREST ARE NOT MADE.
IRS990ScheduleO/GeneralExplanation/Explanation3DOCUMENTS APPROVED BY THE BOARD OF TRUSTEES, INCLUDING THE SCHOOL'S AUDITED FINANCIAL STATEMENTS, ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/GeneralExplanation/Explanation4BROOKLYN DREAMS CHARTER SCHOOL DOES NOT FILE FORM 990 WITH ANY STATE AS IT IS AN EDUCATIONAL INSTITUTION INCORPORATED UNDER THE NEW YORK EDUCATION LAW IS THEREFORE EXEMPT FROM REGISTERING WITH THE NEW YORK ATTORNEY GENERAL.
IRS990ScheduleO/GeneralExplanation/Identifier0FORM 990, PART VI, LINE 3:
IRS990ScheduleO/GeneralExplanation/Identifier1FORM 990, PART VI, LINE 11B:
IRS990ScheduleO/GeneralExplanation/Identifier2FORM 990, PART VI, LINE 12C:
IRS990ScheduleO/GeneralExplanation/Identifier3FORM 990, PART VI, LINE 19:
IRS990ScheduleO/GeneralExplanation/Identifier4STATE FILINGS:
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IRS990/TheBooksAreInCareOf/AddressUS/AddressLine103850 BROADMOOR SE SUITE 201
IRS990/TheBooksAreInCareOf/AddressUS/City0GRAND RAPIDS
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IRS990/TheBooksAreInCareOf/AddressUS/ZIPCode049512
IRS990/TheBooksAreInCareOf/NamePerson0STEPHEN M CONLEY
IRS990/TheBooksAreInCareOf/TelephoneNumber06162221700
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IRS990/TotalContributions06212466
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IRS990/TotalExpensesPriorYear05744304

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2013 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$206,962
Liabilities
$163,969
Net assets
$42,993
Revenue
-
Expenses
$6,312,203
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.85$0.72$0.13$12.7$12.7$0.02
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.57$0.47$0.10$11.9$11.9$0.05
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.30$0.24$0.06$11.1$11.1$0.01
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.44$0.41$0.04$10.2$10.2$0.03
2015Detailed filing. Detailed filing data is available for this year.$0.38$0.33$0.05$8.82$8.81$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.30$0.26$0.04$7.41$7.41$0.00
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.21$0.16$0.04$6.31