Civic Intelligence

South Bronx Classical Charter School

EIN 33-1132434 • 501(c)3 • Bronx, NY

Profile

South bronx classical charter school prepares k-8th grade students in the south bronx to excel in college-preparatory high schools. Through a classical curriculum and highly structured setting, students become liberated scholars and citizens of impeccable character who achieve proficiency in and advanced mastery of new york state performance standards.

977 Fox StreetBronx, NY 10459

www.southbronxclassical.org

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2016

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2016

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on the latest valid filing.

Source year 2016

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

9th percentile

-100%

Faster asset growth than 9% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

3rd percentile

-100%

Faster revenue growth than 3% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Assets

Up

$5,221,227

Up $44,163 (+0.9%) from 2015

Liabilities

Down

$457,599

Down $69,552 (-13%) from 2015

Net Assets

Up

$4,763,628

Up $113,715 (+2.4%) from 2015

Revenue

Up

$6,442,169

Up $942,493 (+17%) from 2015

Expenses

Up

$6,313,686

Up $592,945 (+10%) from 2015

Net Income

Up

$128,483

Up $349,548 (+158%) from 2015

Trend Graphs

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2011: $4,171,835Liabilities 2011: $286,760Net Assets 2011: $3,885,0752011Assets 2012: $4,847,183Liabilities 2012: $303,605Net Assets 2012: $4,543,5782012Assets 2013: $5,170,928Liabilities 2013: $323,605Net Assets 2013: $4,847,3232013Assets 2014: $5,271,416Liabilities 2014: $400,438Net Assets 2014: $4,870,9782014Assets 2015: $5,177,064Liabilities 2015: $527,151Net Assets 2015: $4,649,9132015Assets 2016: $5,221,227Liabilities 2016: $457,599Net Assets 2016: $4,763,6282016

Highlighted filing

2016

Assets$5,221,227
Liabilities$457,599
Net Assets$4,763,628

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $3,852,2642011Expenses 2012: $3,980,3832012Expenses 2013: $4,386,8382013Revenue 2014: $4,923,949Expenses 2014: $4,900,294Net Income 2014: $23,6552014Revenue 2015: $5,499,676Expenses 2015: $5,720,741Net Income 2015: -$221,0652015Revenue 2016: $6,442,169Expenses 2016: $6,313,686Net Income 2016: $128,4832016

Highlighted filing

2016

Revenue$6,442,169
Expenses$6,313,686
Net Income$128,483

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Oct 24, 2016
Return Version
2015v2.1
Gross Receipts
$6,442,169
Mission and Program Overview

Mission

South bronx classical charter school prepares k-8th grade students in the south bronx to excel in college-preparatory high schools. Through a classical curriculum and highly structured setting, students become liberated scholars and citizens of impeccable character who achieve proficiency in and advanced mastery of new york state performance standards.

Prepares k-8th grade students in the south bronx to excel in college-preparatory high schools.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$4,209,403$3,430,824▼ $778,579
Land, Buildings, and Equipment, Net$318,287$256,670▼ $61,617
Pledges and Grants Receivable$91,554$228,743▲ $137,189
Cash and Non-Interest-Bearing Accounts$418$66,480▲ $66,062
Prepaid Expenses and Deferred Charges$49,110$27,247▼ $21,863
Savings and Temporary Cash Investments$94,179$25,310▼ $68,869
Accounts Receivable$2,733$0▼ $2,733
Total Assets$5,177,064$5,221,227▲ $44,163
Other Assets Total$411,380$1,185,953▲ $774,573
Liabilities
Accounts Payable and Accrued Expenses$522,305$457,599▼ $64,706
Deferred Revenue$4,846$0▼ $4,846
Total Liabilities$527,151$457,599▼ $69,552
Net Assets / Fund Balance
Unrestricted Net Assets$4,649,913$4,763,628▲ $113,715
Total Net Assets Fund Balance$4,649,913$4,763,628▲ $113,715
Total Liabilities and Net Assets / Fund Balance$5,177,064$5,221,227▲ $44,163

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$92,053$223,860$315,913
Equipment$126,720$160,150$286,870
Other Land Buildings$37,897$246,434$284,331
Other Assets Org$1,113,021--
Other Securities$3,430,824--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Lester LongExecutive DirectorFT$203,344$58,169$261,513
Leena GyftopoulosSchool DirectorPT-$144,775$144,775

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$464,604
Program Service Revenue
$5,912,330
Investment Income
$12,650
Other Revenue
$52,585
All Other Contributions
$140,675
Change in Net Assets
$128,483

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,442,169
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-14,768
Total Revenue per Audited Statements
$6,427,401
Total Revenue per Form 990
$6,442,169
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,942,864
Other Expenses$1,370,822
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,068,211$704,739-$3,772,950
Fees for Services Other$485,709$61,624-$547,333
Payroll Taxes$383,913$88,181-$472,094
Other Employee Benefits$256,549$58,927-$315,476
Current Officers, Directors, Trustees, and Key Employees$218,596$50,210-$268,806
Office Expenses$145,319$33,378-$178,697
Depreciation Depletion$98,201$22,556-$120,757
Pension Plan Contributions$92,330$21,208-$113,538
All Other Expenses$43,684$10,032-$53,716
Insurance$32,177$7,391-$39,568
Advertising$30,059$6,904-$36,963
Information Technology$28,780$6,611-$35,391
Fees for Services Legal-$21,821-$21,821
Fees for Services Accounting-$20,250-$20,250
Other Expenses$19,192$6,646-$19,192
Total Functional Expenses$5,186,844$1,126,842$0$6,313,686

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$6,313,686
Total Expenses per Audited Statements$6,313,686
Total Expenses per Form 990$6,313,686
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
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 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 11

Form 990 is reviewed by management and the finance committee of the board of trustees for aproval. If changes are required, the school will then forward 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 on an annual basis. Officers, directors, and key employees are expected to declare if at any point a conflict of interest arises.

Form 990, Part VI, Section B, Line 15

Comparable data is used by the board when determining the compensation of officers and key employees.

Form 990, Part VI, Section C, Line 19

Upon request, the school makes available to the public its governing documents, conflict of interest policy, and financial statements.

Filing and Contact Details

Filer

Filer Name
South Bronx Classical Charter School
EIN
33-1132434
Phone
7188604340
Address
977 FOX STREET, BRONX, NY 10459

Signing Officer

Name
Lester Long
Title
Executive Director
Phone
7188604340
Signed
2016-10-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lester Long
Formed
2005
Legal Domicile
Ny
Voting Board Members
8
Independent Board Members
8
Employees
113
Volunteers
0

Preparer

Firm
Fruchter Rosen & Co Pc
Address
156 WEST 56TH STREET SUITE 1804, NEW YORK, NY 10019
Preparer
Gus Saliba
Phone
2129573600
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, FINANCIAL STATEMENTS AND REPORTING, LINE 2C:

The school has a finance committee that is responsible for oversight of the audit and selection of the independent auditor.

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/MissionDesc0SOUTH BRONX CLASSICAL CHARTER SCHOOL PREPARES K-8TH GRADE STUDENTS IN THE SOUTH BRONX TO EXCEL IN COLLEGE-PREPARATORY HIGH SCHOOLS. THROUGH A CLASSICAL CURRICULUM AND HIGHLY STRUCTURED SETTING, STUDENTS BECOME LIBERATED SCHOLARS AND CITIZENS OF IMPECCABLE CHARACTER WHO ACHIEVE PROFICIENCY IN AND ADVANCED MASTERY OF NEW YORK STATE PERFORMANCE STANDARDS.
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IRS990/OtherExpensesGrp/TotalAmt0134345
IRS990/OtherExpensesGrp/TotalAmt1127209
IRS990/OtherExpensesGrp/TotalAmt235580
IRS990/OtherExpensesGrp/TotalAmt319192
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt052585
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt052585
IRS990/OtherRevenueTotalAmt052585
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0704739
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt03068211
IRS990/OtherSalariesAndWagesGrp/TotalAmt03772950
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt088181
IRS990/PayrollTaxesGrp/ProgramServicesAmt0383913
IRS990/PayrollTaxesGrp/TotalAmt0472094
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt021208
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt092330
IRS990/PensionPlanContributionsGrp/TotalAmt0113538
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt091554
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0228743
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt049110
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt027247
IRS990/PrincipalOfficerNm0LESTER LONG
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0GOV'T PER-PUPIL REV.
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt05912330
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt05912330
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0289693
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt05774
IRS990/PYOtherExpensesAmt0971509
IRS990/PYOtherRevenueAmt02505
IRS990/PYProgramServiceRevenueAmt05201704
IRS990/PYRevenuesLessExpensesAmt0-221065
IRS990/PYSalariesCompEmpBnftPaidAmt04749232
IRS990/PYTotalExpensesAmt05720741
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05499676
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0128483
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt05912330
IRS990/SavingsAndTempCashInvstGrp/BOYAmt094179
IRS990/SavingsAndTempCashInvstGrp/EOYAmt025310
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt0126720
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0160150
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0286870
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt06313686
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt092053
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0223860
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0315913
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-14768
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt072932
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt11113021
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RESTRICTED CASH
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DUE FROM RELATED PARTIES
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt037897
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0246434
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0284331
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt03430824
IRS990ScheduleD/OtherSecuritiesGrp/Desc0U.S. TREASURY NOTES
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/RevenueNotReportedAmt0-14768
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt06442169
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/TotalBookValueLandBuildingsAmt0256670
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01185953
IRS990ScheduleD/TotalBookValueSecuritiesAmt03430824
IRS990ScheduleD/TotalExpensesPerForm990Amt06313686
IRS990ScheduleD/TotalRevenuePerForm990Amt06442169
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt06427401
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt06313686
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/ExplanationTxt0THE SCHOOL DISSEMINATES ITS POLICY ON OUTREACH MATERIALS, APPLICATIONS, AND ITS WEBSITE.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL IS FREE TO ALL STUDENTS, IT DID NOT AND DOES NOT OFFER SCHOLARSHIPS OR OTHER FINANCIAL ASSISTANCE. HOWEVER IF IT DID, IT WOULD OFFER SAID ASSISTANCE ON A RACIALLY NONDISCRIMINATORY BASIS.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2THE SCHOOL RECEIVES PER-PUPIL FUNDING FROM THE NYC BOARD OF EDUCATION UNDER THEIR CHARTER AGREEMENT. THE SCHOOL ALSO RECEIVED 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/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0203344
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount045000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt07200
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt05969
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0LESTER LONG
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0261513

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