Brooklyn Success Academy Charter School 3

EIN 45-3516911 • 501(c)3

95 Pine Street No 6th FL10005

Siviq Scores

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

No value available

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

Source year 2014

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $1M-$5M nonprofits • Source year 2014

-3.1%

Higher net margin than 32% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2014

$128,984

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 3.4% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2014

-100%

Faster asset growth than 2% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

287%

Faster revenue growth than 97% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2012 to 2014

Balance Sheet

Liabilities / AssetsScore unavailable

Assets

Down

Down $1,222,237 (-100%) from 2013

Liabilities

Down

Down $1,334,470 (-100%) from 2013

Net Assets

Up $112,233 (+100%) from 2013

Operations

Liabilities / Revenue20th percentile Net Margin32nd percentile

Revenue

$3,738,958

No earlier filing loaded for comparison.

Expenses

$3,853,404

Up $868,884 (+29%) from 2013

Net Income

-$114,446

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

Asset Growth2nd percentile

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

Highlighted filing

2014

Assets$0

Liabilities$0

Net Assets$0

Open 2014 Filing

Operations Trend

Revenue Growth97th percentile

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

Highlighted filing

2014

Revenue$3,738,958

Expenses$3,853,404

Net Income-$114,446

Open 2014 Filing

Filings

Most recent year

2014 • Form 990Summary only. Only limited summary data is available for this year.

Open filing

Assets: $0
Liabilities: $0
Net assets: $0
Revenue: $3,738,958
Expenses: $3,853,404
Net income: -$114,446

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2014Summary only. Only limited summary data is available for this year.	$0.00	$0.00	$0.00	$3.74	$3.85	$0.11
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.	$1.22	$1.33	$0.11		$2.98
2012Summary only. Only limited summary data is available for this year.	$0.75	$0.81	$0.06	$0.25	$0.31	$0.06

Latest Detailed Filing

The latest 2014 filing currently has summary financial data only. Showing the latest detailed filing from 2013 below.

Jump To

Filing Snapshot

Filing Period: Jul 1, 2012 to Jun 30, 2013
Signed: May 13, 2014
Return Version: 2012v2.1
Gross Receipts: $2,935,046

Mission and Program Overview

Mission

The mission of brooklyn success academy charter school 3 (the "school") is to provide children in new york city with an exceptionally high-quality education that gives them the knowledge, skills, character and disposition to meet and exceed new york state standards, and the resources to succeed and lead in school, college and a competitive global economy.

Filing and Contact Details

Filer

EIN: 45-3516911

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IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation	0	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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IRS990ScheduleE/Form990ScheduleEPartII/Explanation	0	THE SCHOOL DISSEMINATES ITS POLICY ON OUTREACH MATERIALS, APPLICATIONS AND ITS WEBSITE.
IRS990ScheduleE/Form990ScheduleEPartII/Explanation	1	THE SCHOOL RECEIVES PER-PUPIL FUNDING FROM THE NYC BOARD OF EDUCATION UNDER THEIR CHARTER AGREEMENT. THE SCHOOL WILL ALSO RECEIVE VARIOUS FEDERAL, STATE, AND CITY FUNDS INCLUDING FEDERAL ENTITLEMENTS TO ASSIST WITH COVERING THE COST OF CERTAIN PROGRAMS.
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IRS990ScheduleO/GeneralExplanation/Explanation	0	TRUSTEES HOWARD SHAINKER AND CATE SHAINKER ARE HUSBAND AND WIFE.
IRS990ScheduleO/GeneralExplanation/Explanation	1	THE SCHOOL ENTERED INTO A RELATIONSHIP WITH THE CHARTER MANAGEMENT ORGANIZATION, SUCCESS ACADEMY CHARTER SCHOOLS, INC. (THE "NETWORK"). THE RESPONSIBILITIES OF THE NETWORK ARE AS FOLLOWS: (1) HIRING EDUCATIONAL CONSULTANTS AND STAFF TO ADVISE ON SCHOOL DEVELOPMENT; (2) RESEARCHING AND DOCUMENTING THE SUCCESSFUL CHARACTERISTICS OF K-12 SCHOOLS SUCH AS THOSE AFFILIATED WITH THE NETWORK; (3) PROVIDING RESOURCES TO NEW AND ESTABLISHED CHARTER SCHOOLS WITHIN THE NETWORK, SUCH AS ASSISTANCE RECRUITING LEADERSHIP, ADMINISTRATION AND STAFF; RECRUITING STUDENTS; AND FOSTERING THE DEVELOPMENT OF SHARED SERVICES, CURRICULA, AND FACILITIES; (4) PERFORMING RESEARCH ON POLICIES THAT CAN INCREASE EDUCATIONAL OPPORTUNITIES FOR ALL CHILDREN, INCLUDING BUT NOT LIMITED TO POLICIES RELATING TO CHARTER SCHOOLS; (5) PROVIDING ADDITIONAL SUPPORT TO STUDENTS WITHIN THE NETWORK OR STUDENTS OF NEED TO ALLOW THEM TO PURSUE ACADEMIC EXCELLENCE; AND (6) OTHER ACTIVITIES THAT PROMOTE EDUCATIONAL ACHIEVEMENT.
IRS990ScheduleO/GeneralExplanation/Explanation	2	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 TO THE AUDITING FIRM AND A FINAL VERSION WILL BE DISTRIBUTED TO ALL BOARD MEMBERS PRIOR TO THE IRS SUBMISSION.
IRS990ScheduleO/GeneralExplanation/Explanation	3	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.
IRS990ScheduleO/GeneralExplanation/Explanation	4	COMPARABLE DATA IS USED BY THE BOARD WHEN DETERMINING THE COMPENSATION OF OFFICERS AND KEY EMPLOYEES.
IRS990ScheduleO/GeneralExplanation/Explanation	5	UPON REQUEST, THE SCHOOL MAKES AVAILABLE TO THE PUBLIC ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS.
IRS990ScheduleO/GeneralExplanation/Explanation	6	THE SCHOOL HAS A FINANCE COMMITTEE THAT IS RESPONSIBLE FOR OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT AUDITOR.
IRS990ScheduleO/GeneralExplanation/ReturnReference	0	FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/GeneralExplanation/ReturnReference	1	FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/GeneralExplanation/ReturnReference	2	FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/GeneralExplanation/ReturnReference	3	FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/GeneralExplanation/ReturnReference	4	FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/GeneralExplanation/ReturnReference	5	FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/GeneralExplanation/ReturnReference	6	FORM 990, PART XII, FINANCIAL STATEMENTS AND REPORTING, LINE 2C:
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IRS990ScheduleR/Form990ScheduleRPartII/LegalDomicileState	1	NY
IRS990ScheduleR/Form990ScheduleRPartII/NameOfDisregardedEntity/BusinessNameLine1	0	BROOKLYN SUCCESS ACADEMY CHARTER SCHOOL 2
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