Civic Intelligence

Classical Charter Schools

990 • Fiscal year 2025 • EIN 46-0625647

Jul 01, 2024 to Jun 30, 2025 • Filed on Oct 30, 2025

977 Fox StreetBronx, NY 10459

(718) 860-4340

Siviq Scores

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

Liabilities / Assets

92nd percentile

0.88x

Higher debt load relative to assets than 92% of similar nonprofits.

2025 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2025

Liabilities / Revenue

88th percentile

2.94x

Higher debt load relative to revenue than 88% of similar nonprofits.

2025 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2025

Net Margin

40th percentile

3.8%

Higher net margin than 40% of similar nonprofits.

2025 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2025

Top Officer Pay

55th percentile

$446,437

Higher top officer pay than 55% of similar nonprofits.

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

2025 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2025

Asset Growth

27th percentile

1.3%

Faster asset growth than 27% of similar nonprofits.

2025 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2024 to 2025

Revenue Growth

23rd percentile

-3.1%

Faster revenue growth than 23% of similar nonprofits.

2025 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2024 to 2025

Assets

Up

$142,770,945

Up $1,767,358 (+1.3%) from 2024

Net Assets

Up

$16,867,653

Up $1,669,369 (+11%) from 2024

Liabilities

Up

$125,903,292

Up $97,989 (+0.1%) from 2024

Revenue

Down

$42,876,260

Down $1,354,225 (-3.1%) from 2024

Expenses

Down

$41,263,992

Down $902,792 (-2.1%) from 2024

Net Income

Down

$1,612,268

Down $451,433 (-22%) from 2024

Historical Trend

Balance Sheet Trend

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

$150M$100M$50M$0-$50MAssets 2014: $263,317Liabilities 2014: $318,352Net Assets 2014: -$55,0352014Assets 2015: $368,510Liabilities 2015: $408,543Net Assets 2015: -$40,0332015Assets 2016: $432,200Liabilities 2016: $350,865Net Assets 2016: $81,3352016Assets 2018: $9,477,051Liabilities 2018: $1,186,042Net Assets 2018: $8,291,0092018Assets 2019: $11,051,526Liabilities 2019: $1,436,227Net Assets 2019: $9,615,2992019Assets 2020: $14,171,904Liabilities 2020: $5,275,525Net Assets 2020: $8,896,3792020Assets 2021: $15,984,342Liabilities 2021: $5,331,682Net Assets 2021: $10,652,6602021Assets 2022: $15,696,370Liabilities 2022: $6,288,356Net Assets 2022: $9,408,0142022Assets 2023: $139,796,464Liabilities 2023: $126,756,248Net Assets 2023: $13,040,2162023Assets 2024: $141,003,587Liabilities 2024: $125,805,303Net Assets 2024: $15,198,2842024Assets 2025: $142,770,945Liabilities 2025: $125,903,292Net Assets 2025: $16,867,6532025

Highlighted filing

2025

Assets$142,770,945
Liabilities$125,903,292
Net Assets$16,867,653

Operations Trend

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

$60M$40M$20M$0-$20MRevenue 2014: $1,704,953Expenses 2014: $1,827,238Net Income 2014: -$122,2852014Revenue 2015: $2,577,169Expenses 2015: $2,562,167Net Income 2015: $15,0022015Revenue 2016: $3,410,991Expenses 2016: $3,289,623Net Income 2016: $121,3682016Revenue 2018: $22,127,661Expenses 2018: $19,858,829Net Income 2018: $2,268,8322018Revenue 2019: $26,395,052Expenses 2019: $25,130,983Net Income 2019: $1,264,0692019Revenue 2020: $26,813,145Expenses 2020: $27,573,661Net Income 2020: -$760,5162020Revenue 2021: $34,614,781Expenses 2021: $32,783,983Net Income 2021: $1,830,7982021Revenue 2022: $36,518,284Expenses 2022: $37,572,016Net Income 2022: -$1,053,7322022Revenue 2023: $41,477,790Expenses 2023: $41,156,806Net Income 2023: $320,9842023Revenue 2024: $44,230,485Expenses 2024: $42,166,784Net Income 2024: $2,063,7012024Revenue 2025: $42,876,260Expenses 2025: $41,263,992Net Income 2025: $1,612,2682025

Highlighted filing

2025

Revenue$42,876,260
Expenses$41,263,992
Net Income$1,612,268
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Oct 30, 2025
Return Version
2024v5.2
Gross Receipts
$45,217,040
Mission and Program Overview

Mission

South bronx classical charter school ii 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.

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$7,096,026$10,810,740▲ $3,714,714
Investments in Publicly Traded Securities$5,065,877$5,372,646▲ $306,769
Land, Buildings, and Equipment, Net$3,690,084$3,234,110▼ $455,974
Savings and Temporary Cash Investments$2,116,230$2,214,772▲ $98,542
Pledges and Grants Receivable$1,992,717$1,805,985▼ $186,732
Prepaid Expenses and Deferred Charges$843,912$1,008,869▲ $164,957
Total Assets$141,003,587$142,770,945▲ $1,767,358
Other Assets Total$120,198,741$118,323,823▼ $1,874,918
Liabilities
Other Liabilities$123,515,448$122,686,189▼ $829,259
Accounts Payable and Accrued Expenses$1,741,054$2,526,103▲ $785,049
Deferred Revenue$548,801$691,000▲ $142,199
Total Liabilities$125,805,303$125,903,292▲ $97,989
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$15,198,284$15,221,554▲ $23,270
Net Assets With Donor Restrictions-$1,646,099-
Total Net Assets Fund Balance$15,198,284$16,867,653▲ $1,669,369
Total Liabilities and Net Assets / Fund Balance$141,003,587$142,770,945▲ $1,767,358

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$1,521,504$1,407,171$2,928,675
Equipment$1,276,269$1,643,081$2,919,350
Other Land Buildings$436,337$912,043$1,348,380
Other Assets Org$205,346--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Lester LongExecutive DirectorFT$371,035$75,402$446,437
Jacqueline DavisDirector of Curriculum & InstFT$226,453$28,471$254,924
Vivian Cassaberry-furbyDirector of BusinessFT$182,485$13,848$196,333
Erin LinnehanSchool DirectorFT$140,741$33,858$174,599
David LuceyDirector of DataFT$135,566$34,428$169,994
Christopher Emmerson-paceInstructional CoachFT$151,668$18,084$169,752
Samuel GradessDirector of StrategyFT$148,535$16,882$165,417
London Edwards-johnsonSchool DirectorFT$134,727$17,138$151,865

Board Members and Trustees

NameTitle
Jake ElghanayanChair
James MaherVice Chair
Adrian TongeTrustee
Kathryn Moore HeleniakTrustee
Kevin MurphyTrustee
Robert TorresTrustee
Stephen BaldwinTrustee
Veena MalpaniTrustee
Arnaud CamuSecretary
Bryan LawrenceTreasurer - Joined May 2025
Mariel Jenkins TaylorTreasurer - Resigned July 2024

Highest Paid Contractors

ContractorServicesLocationCompensation
Relay Graduate School Of EducationFellowship Program25 BROADWAY 3RD FLOOR, New York, NY 10004$968,250
Atlantic A Program Of Del Lage Landen FiFinance111 OLD EAGLE SCHOOL RD, Wayne, PA 19087$885,185
Charter Technology SolutionsTechnology Consultant132 32ND STREET SUITE 310, Brooklyn, NY 11232$840,904
IndeedJob PostingTOWER 200W 6TH STREET 36FL, Austin, TX 78731$261,643
Air Source Mechanical INCHvac Systems6 GRAMATAN AVENUE SUITE 604C, Mount Vernon, NY 10550$222,999
Revenue and Support

Revenue Composition

Contributions and Grants
$6,581,061
Program Service Revenue
$35,907,008
Investment Income
$388,191
Other Revenue
$0
All Other Contributions
$3,589,735
Change in Net Assets
$1,612,268

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded1$29,815Fair Market Value (FMV)
Books and Publications-$17,047Fair Market Value (FMV)
Total Noncash Contributions1$46,862-

Audited Revenue Reconciliation

Revenue per Audited Statements
$42,858,633
Revenue Not Reported on Financial Statements
$17,627
Revenue Not Reported on Form 990
$3,774,726
Total Revenue per Audited Statements
$46,633,359
Total Revenue per Form 990
$42,876,260
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$26,338,474
Other Expenses$14,925,518
Total Fundraising Expense$268,157
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$17,845,297$3,157,554$136,825$21,139,676
Occupancy$5,457,984$963,174$40,834$6,461,992
Payroll Taxes$1,508,305$266,172$11,801$1,786,278
Other Employee Benefits$1,456,360$257,261$11,433$1,725,054
Depreciation Depletion$1,306,585$230,827$10,253$1,547,665
Current Officers, Directors, Trustees, and Key Employees$766,707$126,281$9,020$902,008
Advertising$728,322$128,527$5,694$862,543
Pension Plan Contributions$662,984$117,377$5,097$785,458
Information Technology$474,712$83,772$3,715$562,199
Other Expenses$352,756$62,251$2,586$417,593
Fees for Services Other$236,000$162,555$782$399,337
Office Expenses$329,824$58,205$2,597$390,626
Insurance$254,829$44,969$2,005$301,803
All Other Expenses$271,773$6,278$23,144$301,195
Interest$102,359$18,063$785$121,207
Fees for Services Accounting-$99,900-$99,900
Fees for Services Legal-$83,226-$83,226
Fees for Service Investment Mgmnt Fees-$17,627-$17,627
Total Functional Expenses$35,074,138$5,921,697$268,157$41,263,992

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$44,963,990
Total Expenses per Form 990$41,263,992
Expenses per Audited Statements$41,246,365
Expenses Not Reported on Form 990$3,717,625
Expenses Not Reported on Financial Statements$17,627
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

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Jacqueline DavisSpouse of Executive DirectorCompensation Paid as Key EmployeeNo$259,737
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liability$122,686,189
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
Yes
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 11B

The form 990 is reviewed by the controller and business director. The form 990 is then reviewed by the finance committee of the board of trustees. Upon their approval, the return is provided to the full board for review prior to filing with the internal revenue service.

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

The school has a conflict of interest policy applicable to trustees, officers, and key persons. Such persons have a duty to promptly disclose to the board any potential conflicts of interest and all material facts. Determinations regarding conflict matters are to be made by the board of trustees by majority vote. Any trustee, officer, or key person involved in such matter must leave the room in which deliberations are conducted and may not vote, act or attempt to influence improperly the deliberations on such matter. The existence and resolution of any reported conflicts of interest are documented in the board minutes. Upon election or appointment, and on an annual basis thereafter, trustees, officers, and key persons must complete a conflict of interest disclosure form and must sign a statement, which affirms that such person has received a copy of the conflict of interest policy, has read and understands the policy, and has agreed to comply with the policy. The written disclosure statements are submitted to and reviewed by the secretary of the board.

Form 990, Part VI, Section B, Line 15

The compensation of the executive director and other officers of the organization was determined and approved by the board of trustees. Salary surveys benchmarking similarly situated schools and comparable positions were utilized in the process. The process was last conducted in 2025 and was documented in the board minutes.

Form 990, Part VI, Section C, Line 19

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

Filing and Contact Details

Filer

Filer Name
Classical Charter Schools
EIN
46-0625647
Phone
7188604340
Address
977 FOX STREET, BRONX, NY 10459

Signing Officer

Name
Lester Long
Title
Executive Director
Phone
7188604340
Signed
2025-10-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lester Long
Formed
2012
Legal Domicile
Ny
Voting Board Members
10
Independent Board Members
10
Employees
409
Volunteers
11

Preparer

Firm
Mengel Metzger Barr & Co Llp
Address
100 CHESTNUT STREET SUITE 1200, ROCHESTER, NY 14604
Preparer
Jacqueline B Lee CPA
Phone
5854231860
Supplemental Narrative

Additional Explanations

Form 990. Part XII, Line 2C

The school has a finance committee that is responsible for the oversight of the audit of its financial statements and the selection of an independent accountant. This process has not changed from the prior year.

Financial Statement Notes

PART X, LINE 2:

The charter school is a tax-exempt entity under section 501(c)(3) of the internal revenue code and applicable state regulations and, accordingly, is exempt from federal and state taxes on income. The charter school files tax returns in various jurisdictions and is subject to potential examination by taxing authorities. The charter school's current and prior three years tax returns remain subject to review by taxing authorities. Management of the charter school believes it has no material uncertain tax positions and, accordingly, it has not recognized any liability for unrecognized tax benefits.

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IRS990/Desc0WE PROVIDE OUR STUDENTS WITH A SOLID FOUNDATION FOR ACADEMIC SUCCESS THROUGH ACHIEVEMENT THAT EXCEEDS CITYWIDE AVERAGES AND MEETS OR EXCEEDS NEW YORK STATE STANDARDS AND NATIONAL NORMS IN ALL CURRICULUM AREAS TESTED, ESPECIALLY IN MATHEMATICS AND LANGUGAE ARTS. FOR THE 2024-2025 SCHOOL YEAR, WE SERVED APPROXIMATELY 1587 STUDENTS IN KINDERGARTEN THROUGH EIGHTH GRADE.
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IRS990/Form990PartVIISectionAGrp/TitleTxt9SECRETARY
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IRS990/Form990PartVIISectionAGrp/TitleTxt11EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR OF BUSINESS
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIR OF CURRICULUM & INST
IRS990/Form990PartVIISectionAGrp/TitleTxt14INSTRUCTIONAL COACH
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR OF STRATEGY
IRS990/Form990PartVIISectionAGrp/TitleTxt16SCHOOL DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR OF DATA
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IRS990/MissionDesc0CLASSICAL CHARTER SCHOOLS 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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