Civic Intelligence

Storefront Academy Charter School South Bronx

990 • Fiscal year 2017 • EIN 47-1938137

Jul 01, 2016 to Jun 30, 2017 • Filed on May 11, 2018

Organization ProfileSTOREFRONTACADEMY.ORG
609 Jackson AvenueBronx, NY 10455

(646) 476-1400

Siviq Scores

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

Liabilities / Assets

80th percentile

0.62x

Higher debt load relative to assets than 80% of similar nonprofits.

2017 filings • NTEE B • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

55th percentile

0.12x

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

2017 filings • NTEE B • $1M-$5M nonprofits • Source year 2017

Net Margin

23rd percentile

-3.5%

Higher net margin than 23% of similar nonprofits.

2017 filings • NTEE B • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

54th percentile

$76,365

Higher top officer pay than 54% of similar nonprofits.

Top officer pay equals 2.7% of source-year revenue.

2017 filings • NTEE B • $1M-$5M nonprofits • Source year 2017

Asset Growth

10th percentile

-13%

Faster asset growth than 10% of similar nonprofits.

2017 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

60th percentile

8.6%

Faster revenue growth than 60% of similar nonprofits.

2017 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets80th percentile

Assets

Down

$562,826

Down $85,892 (-13%) from 2016

Net Assets

Down

$211,693

Down $98,416 (-32%) from 2016

Liabilities

Up

$351,133

Up $12,524 (+3.7%) from 2016

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin23rd percentile

Revenue

Up

$2,839,826

Up $225,159 (+8.6%) from 2016

Expenses

Up

$2,938,242

Up $599,236 (+26%) from 2016

Net Income

Down

-$98,416

Down $374,077 (-136%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth10th 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

2017

Assets$562,826
Liabilities$351,133
Net Assets$211,693
Open 2017 Filing

Operations Trend

Revenue Growth60th 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

2017

Revenue$2,839,826
Expenses$2,938,242
Net Income-$98,416
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 11, 2018
Return Version
2016v3.0
Gross Receipts
$2,839,826
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 through the second grade and adding one grade every year, with the eventual goal of educating students from pre-kindergarten through the fifth grade.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$114,545$238,912▲ $124,367
Pledges and Grants Receivable$496,348$125,694▼ $370,654
Prepaid Expenses and Deferred Charges$2,400$100,437▲ $98,037
Savings and Temporary Cash Investments-$50,017-
Cash and Non-Interest-Bearing Accounts$35,425$47,766▲ $12,341
Total Assets$648,718$562,826▼ $85,892
Liabilities
Accounts Payable and Accrued Expenses$132,598$244,845▲ $112,247
Other Liabilities$174,739$79,079▼ $95,660
Deferred Revenue$31,272--
Grants Payable-$27,209-
Total Liabilities$338,609$351,133▲ $12,524
Net Assets / Fund Balance
Unrestricted Net Assets$310,109$211,693▼ $98,416
Total Net Assets Fund Balance$310,109$211,693▼ $98,416
Total Liabilities and Net Assets / Fund Balance$648,718$562,826▼ $85,892

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$101,603$70,798$172,401
Leasehold Improvements$105,311-$105,311
Other Land Buildings$31,998-$31,998
Compensation and Service Providers
Top Officer Pay54th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Syreeta Nicole Richardson-garciaPrincipalFT$66,945$9,420$76,365

Board Members and Trustees

NameTitle
Jonathan StearnsChair
Eileen NiedzwieckiVice Chair
Angela BergesonTrustee
Dan Sternberg Until 11117Trustee
Jason Duchin Until 121616Trustee
Michael Officer Until 2117Trustee
Ray CameronTrustee
Wendy ReynosoTrustee
Carrie SealySecretary
Carlos Flynn Until 21517Treasurer
Richard BaylesTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$362,048
Program Service Revenue
$2,474,206
Investment Income
$184
Other Revenue
$3,388
All Other Contributions
$32,884
Change in Net Assets
$-98,416

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,839,826
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$76,650
Total Revenue per Audited Statements
$2,916,476
Total Revenue per Form 990
$2,839,826
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,906,135
Other Expenses$1,032,107
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,093,783$299,928-$1,393,711
Occupancy$407,749$21,461-$429,210
Fees for Services Management$96,664$175,241-$271,905
Other Employee Benefits$181,086$49,790-$230,876
Office Expenses$137,717$43,691-$181,408
Current Officers, Directors, Trustees, and Key Employees$114,274$32,231-$146,505
Payroll Taxes$105,920$29,123-$135,043
Depreciation Depletion$38,441$2,701-$41,142
Information Technology$25,075$1,762-$26,837
Fees for Services Accounting-$20,800-$20,800
Other Expenses$14,852--$14,852
Conferences and Meetings$14,050$581-$14,631
Insurance$3,584$10,798-$14,382
All Other Expenses$7,281$513-$7,794
Fees for Services Other$6,238$438-$6,676
Fees for Services Legal-$2,470-$2,470
Total Functional Expenses$2,246,714$691,528$0$2,938,242

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,014,892
Expenses per Audited Statements$2,938,242
Total Expenses per Form 990$2,938,242
Expenses Not Reported on Form 990$76,650
Expenses Not Reported on Financial Statements$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$79,079
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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 11B

“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
609 JACKSON AVENUE, BRONX, NY 10455
Doing Business As
Storefront Academy Charter School

Signing Officer

Name
Jonathan Stearns
Title
Chair
Phone
6464761400
Signed
2018-05-11
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
41
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 prior years”

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.”

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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 133 STUDENTS FOR THE SCHOOL YEAR ENDED JUNE 30, 2017.
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IRS990/LandBldgEquipBasisNetGrp/EOYAmt0238912
IRS990/LandBldgEquipCostOrOtherBssAmt0309710
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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0310109
IRS990/NetAssetsOrFundBalancesEOYAmt0211693
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt021461
IRS990/OccupancyGrp/ProgramServicesAmt0407749
IRS990/OccupancyGrp/TotalAmt0429210
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt043691
IRS990/OfficeExpensesGrp/ProgramServicesAmt0137717
IRS990/OfficeExpensesGrp/TotalAmt0181408
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt049790
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0181086
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0230876
IRS990/OtherExpensesGrp/Desc0STUDENT SERVICES
IRS990/OtherExpensesGrp/ProgramServicesAmt014852
IRS990/OtherExpensesGrp/TotalAmt014852
IRS990/OtherLiabilitiesGrp/BOYAmt0174739
IRS990/OtherLiabilitiesGrp/EOYAmt079079
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/ExclusionAmt03388
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt03388
IRS990/OtherRevenueTotalAmt03388
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0299928
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01093783
IRS990/OtherSalariesAndWagesGrp/TotalAmt01393711
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt029123
IRS990/PayrollTaxesGrp/ProgramServicesAmt0105920
IRS990/PayrollTaxesGrp/TotalAmt0135043
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0496348
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0125694
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt02400
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0100437
IRS990/PrincipalOfficerNm0JONATHAN STEARNS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611110
IRS990/ProgramServiceRevenueGrp/Desc0PER-PUPIL REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02474206
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02474206
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0901075
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt090
IRS990/PYOtherExpensesAmt01008085
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01713502
IRS990/PYRevenuesLessExpensesAmt0275661
IRS990/PYSalariesCompEmpBnftPaidAmt01330921
IRS990/PYTotalExpensesAmt02339006
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02614667
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-98416
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02474206
IRS990/SavingsAndTempCashInvstGrp/EOYAmt050017
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/DonatedServicesAndUseFcltsAmt076650
IRS990ScheduleD/DonatedServicesUseFcltsAmt076650
IRS990ScheduleD/EquipmentGrp/BookValueAmt0101603
IRS990ScheduleD/EquipmentGrp/DepreciationAmt070798
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0172401
IRS990ScheduleD/ExpensesNotReportedAmt076650
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02938242
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0105311
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0105311
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt031998
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt031998
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt079079
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO MANAGEMENT COMPANY
IRS990ScheduleD/RevenueNotReportedAmt076650
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02839826
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/TotalBookValueLandBuildingsAmt0238912
IRS990ScheduleD/TotalExpensesPerForm990Amt02938242
IRS990ScheduleD/TotalLiabilityAmt079079
IRS990ScheduleD/TotalRevenuePerForm990Amt02839826
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02916476
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03014892
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 PRIOR YEARS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
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/TotalAssetsBOYAmt0648718
IRS990/TotalAssetsEOYAmt0562826
IRS990/TotalAssetsGrp/BOYAmt0648718
IRS990/TotalAssetsGrp/EOYAmt0562826
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0362048
IRS990/TotalEmployeeCnt041
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0691528
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02246714
IRS990/TotalFunctionalExpensesGrp/TotalAmt02938242
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0338609
IRS990/TotalLiabilitiesEOYAmt0351133
IRS990/TotalLiabilitiesGrp/BOYAmt0338609
IRS990/TotalLiabilitiesGrp/EOYAmt0351133
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0310109
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0211693
IRS990/TotalOtherCompensationAmt09420
IRS990/TotalProgramServiceExpensesAmt02246714
IRS990/TotalProgramServiceRevenueAmt02474206

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$562,826
Liabilities
$351,133
Net assets
$211,693
Revenue
$2,839,826
Expenses
$2,938,242
Net income
-$98,416
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
2017Detailed filing. Detailed filing data is available for this year.$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