Civic Intelligence

Storefront Academy Charter School South Bronx

990 • Fiscal year 2016 • EIN 47-1938137

Jul 01, 2015 to Jun 30, 2016 • Filed on May 03, 2017

Organization ProfileSTOREFRONTACADEMY.ORG
423 East 138th StreetBronx, NY 10454

(646) 476-1400

Siviq Scores

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

Liabilities / Assets

77th percentile

0.52x

Higher debt load relative to assets than 77% of similar nonprofits.

2016 filings • NTEE B • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

55th percentile

0.13x

Higher debt load relative to revenue than 55% of similar nonprofits.

2016 filings • NTEE B • $1M-$5M nonprofits • Source year 2016

Net Margin

72nd percentile

11%

Higher net margin than 72% of similar nonprofits.

2016 filings • NTEE B • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

59th percentile

$90,600

Higher top officer pay than 59% of similar nonprofits.

Top officer pay equals 3.5% of source-year revenue.

2016 filings • NTEE B • $1M-$5M nonprofits • Source year 2016

Asset Growth

92nd percentile

80%

Faster asset growth than 92% of similar nonprofits.

2016 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

98th percentile

595%

Faster revenue growth than 98% of similar nonprofits.

2016 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets77th percentile

Assets

Up

$648,718

Up $289,259 (+80%) from 2015

Net Assets

Up

$310,109

Up $275,133 (+787%) from 2015

Liabilities

Up

$338,609

Up $14,126 (+4.4%) from 2015

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin72nd percentile

Revenue

Up

$2,614,667

Up $2,238,418 (+595%) from 2015

Expenses

Up

$2,339,006

Up $1,997,733 (+585%) from 2015

Net Income

Up

$275,661

Up $240,685 (+688%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth92nd percentile

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

$40M$30M$20M$10M$0-$10MAssets 2015: $359,459Liabilities 2015: $324,483Net Assets 2015: $34,9762015Assets 2016: $648,718Liabilities 2016: $338,609Net Assets 2016: $310,1092016Assets 2017: $562,826Liabilities 2017: $351,133Net Assets 2017: $211,6932017Assets 2018: $602,419Liabilities 2018: $1,260,374Net Assets 2018: -$657,9552018Assets 2019: $1,020,717Liabilities 2019: $1,571,191Net Assets 2019: -$550,4742019Assets 2020: $2,758,392Liabilities 2020: $2,760,151Net Assets 2020: -$1,7592020Assets 2021: $2,744,185Liabilities 2021: $1,458,497Net Assets 2021: $1,285,6882021Assets 2022: $3,105,280Liabilities 2022: $1,091,937Net Assets 2022: $2,013,3432022Assets 2023: $7,715,242Liabilities 2023: $6,048,591Net Assets 2023: $1,666,6512023Assets 2024: $32,150,831Liabilities 2024: $32,262,253Net Assets 2024: -$111,4222024

Highlighted filing

2016

Assets$648,718
Liabilities$338,609
Net Assets$310,109
Open 2016 Filing

Operations Trend

Revenue Growth98th percentile

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

$15M$10M$5.0M$0-$5.0MRevenue 2015: $376,249Expenses 2015: $341,273Net Income 2015: $34,9762015Revenue 2016: $2,614,667Expenses 2016: $2,339,006Net Income 2016: $275,6612016Revenue 2017: $2,839,826Expenses 2017: $2,938,242Net Income 2017: -$98,4162017Revenue 2018: $2,564,084Expenses 2018: $3,433,732Net Income 2018: -$869,6482018Revenue 2019: $4,792,168Expenses 2019: $4,684,687Net Income 2019: $107,4812019Revenue 2020: $8,438,348Expenses 2020: $7,889,633Net Income 2020: $548,7152020Revenue 2021: $10,238,198Expenses 2021: $8,950,751Net Income 2021: $1,287,4472021Revenue 2022: $10,689,848Expenses 2022: $9,962,193Net Income 2022: $727,6552022Revenue 2023: $9,167,980Expenses 2023: $9,514,672Net Income 2023: -$346,6922023Revenue 2024: $9,908,266Expenses 2024: $10,820,751Net Income 2024: -$912,4852024

Highlighted filing

2016

Revenue$2,614,667
Expenses$2,339,006
Net Income$275,661
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
May 3, 2017
Return Version
2015v3.0
Gross Receipts
$2,614,667
Mission and Program Overview

Mission

Storefront academy seeks to provide children of varied academic strengths quality educational opportunities, preparing them academically, socially, and emotionally to become critical thinkers, high-achieving students and well-rounded individuals. Working in partnership with families and community members, storefront academy instills a powerful sense of self, and gives its students the tools to own the future and create meaningful adult lives.

Storefront academy charter school is a public charter school, educating urban youth of all learning abilities, beginning with students in kindergarten and first grade and adding one grade every year, with the eventual goal of educating students from pre-kindergarten through the eighth grade.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable-$496,348-
Accounts Receivable$313,074--
Land, Buildings, and Equipment, Net$41,640$114,545▲ $72,905
Cash and Non-Interest-Bearing Accounts$1,926$35,425▲ $33,499
Prepaid Expenses and Deferred Charges$2,819$2,400▼ $419
Total Assets$359,459$648,718▲ $289,259
Liabilities
Other Liabilities$0$174,739▲ $174,739
Accounts Payable and Accrued Expenses$200,725$132,598▼ $68,127
Unsecured Notes Loans Payable$123,758--
Deferred Revenue-$31,272-
Total Liabilities$324,483$338,609▲ $14,126
Net Assets / Fund Balance
Unrestricted Net Assets$34,976$310,109▲ $275,133
Total Net Assets Fund Balance$34,976$310,109▲ $275,133
Total Liabilities and Net Assets / Fund Balance$359,459$648,718▲ $289,259

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$114,545$29,656$144,201
Compensation and Service Providers
Top Officer Pay59th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Lisette NievesPrincipalFT$82,000$8,600$90,600

Board Members and Trustees

NameTitle
Jonathan StearnsChair
Wendy ReynosoVice Chair
Angela BergesonTrustee
Carrie SealyTrustee
Dan SternbergTrustee
Eileen NiedzwieckiTrustee
Jason DuchinTrustee
Michael OfficerTrustee
Ray CameronTrustee
Richard BaylesTrustee
Carlos FlynnTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Storefront Academy HarlemManagement Services70 EAST 129TH STREET, New York, NY 10035$496,375
Revenue and Support

Revenue Composition

Contributions and Grants
$901,075
Program Service Revenue
$1,713,502
Investment Income
$90
Other Revenue
$0
All Other Contributions
$275,349
Change in Net Assets
$275,661

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,614,667
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$2,614,667
Total Revenue per Form 990
$2,614,667
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,330,921
Other Expenses$1,008,085
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$884,900$91,799-$976,699
Fees for Services Management$258,044$77,357-$335,401
Occupancy$312,188--$312,188
Office Expenses$195,097$2,982-$198,079
Other Employee Benefits$124,269$13,146-$137,415
Current Officers, Directors, Trustees, and Key Employees$116,297$12,303-$128,600
Payroll Taxes$79,769$8,438-$88,207
Insurance$44,526--$44,526
Fees for Services Other$28,832$7,637-$36,469
Depreciation Depletion$29,656--$29,656
Fees for Services Accounting-$26,870-$26,870
Conferences and Meetings$11,499$6,645-$18,144
Other Expenses$3,040--$3,040
Travel$2,165--$2,165
All Other Expenses$1,547--$1,547
Total Functional Expenses$2,091,829$247,177$0$2,339,006

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,339,006
Total Expenses per Audited Statements$2,339,006
Total Expenses per Form 990$2,339,006
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
Due to Management Company$174,739
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
No
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

“Explanation: the school contracted with the storefront academy harlem to provide management services to the school.”

Form 990, Part VI, Section B, Line 11

“The draft of the form 990 was submitted to each member of the board of trustees during the first week of may. Any issues were discussed with the finance department and the final draft was then reviewed and approved by the full board of trustees.”

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

“Storefront academy charter school shall not enter into transactions where there is a conflict of interest or potential conflict of interest unless there is a compelling reason to do so. If a trustee or a family member has a conflict of interest in a proposed transaction with the center, he or she must make full disclosure before any action on the contract or transaction. Such disclosure shall be documented annually. Any trustee who is aware of a potential personal conflict of interest with respect to any matter coming before the board of trustees or any committee of the board may be present for any discussion, but shall be excused from any voting that may take place in connection with the matter.”

Form 990, Part VI, Section C, Line 19

“Explanation: storefront academy charter 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
Storefront Academy Charter School
EIN
47-1938137
Phone
6464761400
Address
423 EAST 138TH STREET, BRONX, NY 10454
Doing Business As
Storefront Academy Charter School

Signing Officer

Name
Jonathan Stearns
Title
Chair
Phone
6464761400
Signed
2017-05-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jonathan Stearns
Formed
2014
Legal Domicile
Ny
Voting Board Members
11
Independent Board Members
11
Employees
21
Volunteers
11

Preparer

Firm
Loeb & Troper Llp
Address
655 THIRD AVENUE 12TH FLOOR, NEW YORK, NY 10017
Preparer
Aaron Shapiro
Phone
2128674000
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The process has not changed from the prior year.”

Financial Statement Notes

PART X, LINE 2:

“The school has determined that there are no material uncertain tax positions that require recognition or disclosure in the financial statements. Periods ending june 30, 2014 and subsequent remain subject to examination by applicable taxing authorities.”

Raw XML AppendixShowing 400 of 437 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0200725
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0132598
IRS990/AccountsReceivableGrp/BOYAmt0313074
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0STOREFRONT ACADEMY CHARTER SCHOOL IS A PUBLIC CHARTER SCHOOL, EDUCATING URBAN YOUTH OF ALL LEARNING ABILITIES, BEGINNING WITH STUDENTS IN KINDERGARTEN AND FIRST GRADE AND ADDING ONE GRADE EVERY YEAR, WITH THE EVENTUAL GOAL OF EDUCATING STUDENTS FROM PRE-KINDERGARTEN THROUGH THE EIGHTH GRADE.
IRS990/AllOtherContributionsAmt0275349
IRS990/AllOtherExpensesGrp/ProgramServicesAmt01547
IRS990/AllOtherExpensesGrp/TotalAmt01547
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0MARIE LUCAS
IRS990/BooksInCareOfDetail/PhoneNum06464761400
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0423 EAST 138TH STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0BRONX
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990/BooksInCareOfDetail/USAddress/ZIPCd010454
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt01926
IRS990/CashNonInterestBearingGrp/EOYAmt035425
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt01
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt012303
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0116297
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0128600
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt06645
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt011499
IRS990/ConferencesMeetingsGrp/TotalAmt018144
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContractorCompensationGrp/CompensationAmt0496375
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt070 EAST 129TH STREET
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0NEW YORK
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0NY
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd010035
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0STOREFRONT ACADEMY HARLEM
IRS990/ContractorCompensationGrp/ServicesDesc0MANAGEMENT SERVICES
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0901075
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt090
IRS990/CYOtherExpensesAmt01008085
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt01713502
IRS990/CYRevenuesLessExpensesAmt0275661
IRS990/CYSalariesCompEmpBnftPaidAmt01330921
IRS990/CYTotalExpensesAmt02339006
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt02614667
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/EOYAmt031272
IRS990/DelegationOfMgmtDutiesInd01
IRS990/DepreciationDepletionGrp/ProgramServicesAmt029656
IRS990/DepreciationDepletionGrp/TotalAmt029656
IRS990/Desc0THE SCHOOL WAS ORGANIZED TO PROVIDE CHILDREN OF VARIED ACADEMIC STRENGTHS QUALITY EDUCATIONAL OPPORTUNITIES, PREPARING THEM ACADEMICALLY, SOCIALLY AND EMOTIONALLY TO BECOME CRITICAL THINKERS, HIGH-ACHIEVING STUDENTS AND WELL-ROUNDED INDIVIDUALS. WORKING IN PARTNERSHIP WITH FAMILIES AND COMMUNITY MEMBERS, STOREFRONT ACADEMY INSTILLS A POWERFUL SENSE OF SELF, AND GIVES ITS STUDENTS THE TOOLS TO OWN THE FUTURE AND CREATE MEANINGFUL ADULT LIVES. THE SCHOOL SERVED 97 STUDENTS FOR THE SCHOOL YEAR ENDED JUNE 30, 2016.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DoingBusinessAsName/BusinessNameLine1Txt0STOREFRONT ACADEMY CHARTER SCHOOL
IRS990/DoingBusinessAsName/BusinessNameLine2Txt0SOUTH BRONX
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt021
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt02091829
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt026870
IRS990/FeesForServicesAccountingGrp/TotalAmt026870
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt077357
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt0258044
IRS990/FeesForServicesManagementGrp/TotalAmt0335401
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt07637
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt028832
IRS990/FeesForServicesOtherGrp/TotalAmt036469
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt101.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1140.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt118600
IRS990/Form990PartVIISectionAGrp/PersonNm0JONATHAN STEARNS
IRS990/Form990PartVIISectionAGrp/PersonNm1WENDY REYNOSO
IRS990/Form990PartVIISectionAGrp/PersonNm2CARLOS FLYNN
IRS990/Form990PartVIISectionAGrp/PersonNm3RICHARD BAYLES
IRS990/Form990PartVIISectionAGrp/PersonNm4ANGELA BERGESON
IRS990/Form990PartVIISectionAGrp/PersonNm5RAY CAMERON
IRS990/Form990PartVIISectionAGrp/PersonNm6JASON DUCHIN
IRS990/Form990PartVIISectionAGrp/PersonNm7EILEEN NIEDZWIECKI
IRS990/Form990PartVIISectionAGrp/PersonNm8MICHAEL OFFICER
IRS990/Form990PartVIISectionAGrp/PersonNm9CARRIE SEALY
IRS990/Form990PartVIISectionAGrp/PersonNm10DAN STERNBERG
IRS990/Form990PartVIISectionAGrp/PersonNm11LISETTE NIEVES
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1182000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11PRINCIPAL
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02014
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt011
IRS990/GovernmentGrantsAmt0625726
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt02614667
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt011
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt044526
IRS990/InsuranceGrp/TotalAmt044526
IRS990/InvestmentIncomeGrp/ExclusionAmt090
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt090
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt02
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt029656
IRS990/LandBldgEquipBasisNetGrp/BOYAmt041640
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0114545
IRS990/LandBldgEquipCostOrOtherBssAmt0144201
IRS990/LegalDomicileStateCd0NY
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0SEE SCHEDULE OSTOREFRONT ACADEMY SEEKS TO PROVIDE CHILDREN OF VARIED ACADEMIC STRENGTHS QUALITY EDUCATIONAL OPPORTUNITIES, PREPARING THEM ACADEMICALLY, SOCIALLY AND EMOTIONALLY TO BECOME CRITICAL THINKERS, HIGH-ACHIEVING STUDENTS AND WELL-ROUNDED INDIVIDUALS. WORKING IN PARTNERSHIP WITH FAMILIES AND COMMUNITY MEMBERS, STOREFRONT ACADEMY INSTILLS A POWERFUL SENSE OF SELF, AND GIVES ITS STUDENTS THE TOOLS TO OWN THE FUTURE AND CREATE MEANINGFUL ADULT LIVES.FORM 990, PART III, LINE 2:SEE FORM 990, PART III, LINE 4A
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt034976
IRS990/NetAssetsOrFundBalancesEOYAmt0310109
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0312188
IRS990/OccupancyGrp/TotalAmt0312188
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt02982
IRS990/OfficeExpensesGrp/ProgramServicesAmt0195097
IRS990/OfficeExpensesGrp/TotalAmt0198079
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt013146
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0124269
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0137415
IRS990/OtherExpensesGrp/Desc0STUDENT FIELD TRIPS
IRS990/OtherExpensesGrp/ProgramServicesAmt03040
IRS990/OtherExpensesGrp/TotalAmt03040
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt0174739
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt091799
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0884900
IRS990/OtherSalariesAndWagesGrp/TotalAmt0976699
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt08438
IRS990/PayrollTaxesGrp/ProgramServicesAmt079769
IRS990/PayrollTaxesGrp/TotalAmt088207
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0496348
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt02819
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02400
IRS990/PrincipalOfficerNm0JONATHAN STEARNS
IRS990/PriorPeriodAdjustmentsAmt0-528
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/Desc0PER-PUPIL REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01713502
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01713502
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0376249
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0226451
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt034976
IRS990/PYSalariesCompEmpBnftPaidAmt0114822
IRS990/PYTotalExpensesAmt0341273
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0376249
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0275661
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01713502
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/BookValueAmt0114545
IRS990ScheduleD/EquipmentGrp/DepreciationAmt029656
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0144201
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02339006
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0174739
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO MANAGEMENT COMPANY
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02614667
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PERIODS ENDING JUNE 30, 2014 AND SUBSEQUENT REMAIN SUBJECT TO EXAMINATION BY APPLICABLE TAXING AUTHORITIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0114545
IRS990ScheduleD/TotalExpensesPerForm990Amt02339006
IRS990ScheduleD/TotalLiabilityAmt0174739
IRS990ScheduleD/TotalRevenuePerForm990Amt02614667
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02614667
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02339006
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/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd00
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL IS A CHARTER SCHOOL AND SOLICITS STUDENTS THROUGH THE NYS EDUCATION DEPARTMENT.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL RECEIVED A BOTH FEDERAL AND STATE GRANTS INCLUDING FUNDING FROM THE NYS EDUCATION DEPARTMENT.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPLANATION: THE SCHOOL CONTRACTED WITH THE STOREFRONT ACADEMY HARLEM TO PROVIDE MANAGEMENT SERVICES TO THE SCHOOL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE DRAFT OF THE FORM 990 WAS SUBMITTED TO EACH MEMBER OF THE BOARD OF TRUSTEES DURING THE FIRST WEEK OF MAY. ANY ISSUES WERE DISCUSSED WITH THE FINANCE DEPARTMENT AND THE FINAL DRAFT WAS THEN REVIEWED AND APPROVED BY THE FULL BOARD OF TRUSTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2STOREFRONT ACADEMY CHARTER SCHOOL SHALL NOT ENTER INTO TRANSACTIONS WHERE THERE IS A CONFLICT OF INTEREST OR POTENTIAL CONFLICT OF INTEREST UNLESS THERE IS A COMPELLING REASON TO DO SO. IF A TRUSTEE OR A FAMILY MEMBER HAS A CONFLICT OF INTEREST IN A PROPOSED TRANSACTION WITH THE CENTER, HE OR SHE MUST MAKE FULL DISCLOSURE BEFORE ANY ACTION ON THE CONTRACT OR TRANSACTION. SUCH DISCLOSURE SHALL BE DOCUMENTED ANNUALLY. ANY TRUSTEE WHO IS AWARE OF A POTENTIAL PERSONAL CONFLICT OF INTEREST WITH RESPECT TO ANY MATTER COMING BEFORE THE BOARD OF TRUSTEES OR ANY COMMITTEE OF THE BOARD MAY BE PRESENT FOR ANY DISCUSSION, BUT SHALL BE EXCUSED FROM ANY VOTING THAT MAY TAKE PLACE IN CONNECTION WITH THE MATTER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3EXPLANATION: STOREFRONT ACADEMY CHARTER SCHOOL MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0359459
IRS990/TotalAssetsEOYAmt0648718
IRS990/TotalAssetsGrp/BOYAmt0359459
IRS990/TotalAssetsGrp/EOYAmt0648718
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0901075
IRS990/TotalEmployeeCnt021
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0247177
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02091829
IRS990/TotalFunctionalExpensesGrp/TotalAmt02339006
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0324483
IRS990/TotalLiabilitiesEOYAmt0338609
IRS990/TotalLiabilitiesGrp/BOYAmt0324483
IRS990/TotalLiabilitiesGrp/EOYAmt0338609
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt034976
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0310109
IRS990/TotalOtherCompensationAmt08600
IRS990/TotalProgramServiceExpensesAmt02091829
IRS990/TotalProgramServiceRevenueAmt01713502
IRS990/TotalReportableCompFromOrgAmt082000
IRS990/TotalRevenueGrp/ExclusionAmt090
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01713502
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02614667
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt011
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0359459
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0648718
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt02165
IRS990/TravelGrp/TotalAmt02165
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt034976
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0310109

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$648,718
Liabilities
$338,609
Net assets
$310,109
Revenue
$2,614,667
Expenses
$2,339,006
Net income
$275,661
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$32.2$32.3$0.11$9.91$10.8$0.91
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.72$6.05$1.67$9.17$9.51$0.35
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.11$1.09$2.01$10.7$9.96$0.73
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.74$1.46$1.29$10.2$8.95$1.29
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.76$2.76$0.00$8.44$7.89$0.55
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.02$1.57$0.55$4.79$4.68$0.11
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.60$1.26$0.66$2.56$3.43$0.87
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.56$0.35$0.21$2.84$2.94$0.10
2016Detailed filing. Detailed filing data is available for this year.$0.65$0.34$0.31$2.61$2.34$0.28
2015Summary only. Only limited summary data is available for this year.$0.36$0.32$0.03$0.38$0.34$0.03