Civic Intelligence

Equality Charter School

990 • Fiscal year 2020 • EIN 80-0338050

Jul 01, 2019 to Jun 30, 2020 • Filed on May 06, 2021

4140 Hutchinson River Parkway EBronx, NY 10475

(718) 320-3032

Siviq Scores

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

Liabilities / Assets

43rd percentile

0.29x

Higher debt load relative to assets than 43% of similar nonprofits.

2020 filings • NTEE B • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

37th percentile

0.20x

Higher debt load relative to revenue than 37% of similar nonprofits.

2020 filings • NTEE B • $10M-$25M nonprofits • Source year 2020

Net Margin

68th percentile

9.3%

Higher net margin than 68% of similar nonprofits.

2020 filings • NTEE B • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

66th percentile

$213,961

Higher top officer pay than 66% of similar nonprofits.

Top officer pay equals 1.4% of source-year revenue.

2020 filings • NTEE B • $10M-$25M nonprofits • Source year 2020

Asset Growth

87th percentile

45%

Faster asset growth than 87% of similar nonprofits.

2020 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

68th percentile

10%

Faster revenue growth than 68% of similar nonprofits.

2020 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2019 to 2020

Assets

Up

$10,585,850

Up $3,296,681 (+45%) from 2019

Net Assets

Up

$7,476,856

Up $1,449,061 (+24%) from 2019

Liabilities

Up

$3,108,994

Up $1,847,620 (+146%) from 2019

Revenue

Up

$15,629,093

Up $1,469,162 (+10%) from 2019

Expenses

Up

$14,180,032

Up $850,532 (+6.4%) from 2019

Net Income

Up

$1,449,061

Up $618,630 (+74%) from 2019

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2010: $810,373Liabilities 2010: $236,307Net Assets 2010: $574,0662010Assets 2011: $1,859,424Liabilities 2011: $270,205Net Assets 2011: $1,589,2192011Assets 2012: $2,571,760Liabilities 2012: $410,015Net Assets 2012: $2,161,7452012Assets 2013: $3,036,276Liabilities 2013: $421,950Net Assets 2013: $2,614,3262013Assets 2014: $3,408,316Liabilities 2014: $549,708Net Assets 2014: $2,858,6082014Assets 2015: $4,709,986Liabilities 2015: $867,180Net Assets 2015: $3,842,8062015Assets 2016: $5,499,507Liabilities 2016: $1,113,094Net Assets 2016: $4,386,4132016Assets 2017: $6,521,089Liabilities 2017: $1,609,379Net Assets 2017: $4,911,7102017Assets 2018: $6,803,280Liabilities 2018: $1,605,916Net Assets 2018: $5,197,3642018Assets 2019: $7,289,169Liabilities 2019: $1,261,374Net Assets 2019: $6,027,7952019Assets 2020: $10,585,850Liabilities 2020: $3,108,994Net Assets 2020: $7,476,8562020Assets 2021: $11,456,711Liabilities 2021: $1,334,251Net Assets 2021: $10,122,4602021Assets 2022: $11,036,694Liabilities 2022: $1,338,038Net Assets 2022: $9,698,6562022Assets 2023: $15,542,902Liabilities 2023: $6,236,001Net Assets 2023: $9,306,9012023Assets 2024: $14,374,361Liabilities 2024: $4,292,967Net Assets 2024: $10,081,3942024

Highlighted filing

2020

Assets$10,585,850
Liabilities$3,108,994
Net Assets$7,476,856

Operations Trend

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

$20M$15M$10M$5.0M$0-$5.0MExpenses 2010: $2,099,4212010Revenue 2011: $4,085,062Expenses 2011: $3,069,909Net Income 2011: $1,015,1532011Expenses 2012: $3,648,7222012Expenses 2013: $3,847,9172013Revenue 2014: $4,367,245Expenses 2014: $4,122,963Net Income 2014: $244,2822014Revenue 2015: $7,485,478Expenses 2015: $6,501,280Net Income 2015: $984,1982015Revenue 2016: $9,217,838Expenses 2016: $8,674,231Net Income 2016: $543,6072016Revenue 2017: $11,458,467Expenses 2017: $10,933,170Net Income 2017: $525,2972017Revenue 2018: $13,093,182Expenses 2018: $12,807,528Net Income 2018: $285,6542018Revenue 2019: $14,159,931Expenses 2019: $13,329,500Net Income 2019: $830,4312019Revenue 2020: $15,629,093Expenses 2020: $14,180,032Net Income 2020: $1,449,0612020Revenue 2021: $17,768,150Expenses 2021: $15,122,546Net Income 2021: $2,645,6042021Revenue 2022: $16,678,798Expenses 2022: $17,102,602Net Income 2022: -$423,8042022Revenue 2023: $17,552,445Expenses 2023: $17,944,200Net Income 2023: -$391,7552023Revenue 2024: $19,295,208Expenses 2024: $18,520,715Net Income 2024: $774,4932024

Highlighted filing

2020

Revenue$15,629,093
Expenses$14,180,032
Net Income$1,449,061
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 6, 2021
Return Version
2019v5.2
Gross Receipts
$15,639,297
Mission and Program Overview

Mission

Equality charter school opened its doors in the fall of 2009 in the north bronx with a college preparatory academic program and a highly structured and supportive school culture. While the school is comprised of students from many backgrounds, it is uniquely designed to close the achievement gap in middle school and prepare students to be successful in college by focusing on the integration of goal setting, critical thinking and problem solving skills. The school's primary purpose is to provide educational services to the six through twelve grade students of community school district 11. Equality charter school was founded in 2009 to serve middle school students in co-op city, a high needs area in the bronx. We currently instruct 234 6-8th grade scholars mostly from bronx community school district 11, but also from manhattan and brooklyn. In august 2014, we began operating classes for students in the ninth grade.

Equality charter school provides a high level of academic rigor in a nurturing learning community that helps prepare scholars to be successful post high school graduation. We realize high expectations for staff and scholars by focusing on the integration of goal setting, critical thinking and problem-solving skills. As our scholars move through this progression, they develop into proficient high school graduates who are college-ready and on a trajectory to lead productive lives, in the workplace and the community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,098,009$4,892,151▲ $3,794,142
Land, Buildings, and Equipment, Net$3,262,362$3,127,005▼ $135,357
Cash and Non-Interest-Bearing Accounts$1,999,344$1,212,636▼ $786,708
Accounts Receivable$761,853$1,129,916▲ $368,063
Prepaid Expenses and Deferred Charges$29,761$89,520▲ $59,759
Pledges and Grants Receivable$10,885$9,397▼ $1,488
Intangible Assets$1,489$672▼ $817
Total Assets$7,289,169$10,585,850▲ $3,296,681
Other Assets Total$125,466$124,553▼ $913
Liabilities
Unsecured Notes Loans Payable-$1,782,380-
Accounts Payable and Accrued Expenses$901,371$1,139,020▲ $237,649
Other Liabilities$360,003$187,594▼ $172,409
Total Liabilities$1,261,374$3,108,994▲ $1,847,620
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$6,027,795$7,476,856▲ $1,449,061
Total Net Assets Fund Balance$6,027,795$7,476,856▲ $1,449,061
Total Liabilities and Net Assets / Fund Balance$7,289,169$10,585,850▲ $3,296,681

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$2,348,306$1,187,074$3,535,380
Equipment$335,124$851,132$1,186,256
Other Land Buildings$443,575$615,963$1,059,538
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Caitlin FrancoExecutive DirectorFT$198,339$15,622$213,961
Favrol PhilemyHigh School PrincipalFT$164,987$7,826$172,813
Gabriel ParkChief Financial OfficerFT$151,306$12,278$163,584
Amanda HuzaMiddle School PrincipalFT$151,639$11,826$163,465
Amanda F MyersAssistant PrincipalFT$128,357$15,852$144,209
Jocelyn KellyDirector of CurriculumFT$126,433$842$127,275
Anil EdwardAssistant PrincipalFT$116,908$1,976$118,884

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$41,208
Program Service Revenue
$15,505,759
Investment Income
$11,761
Other Revenue
$70,365
All Other Contributions
$15,000
Change in Net Assets
$1,449,061

Audited Revenue Reconciliation

Revenue per Audited Statements
$15,629,093
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$15,629,093
Total Revenue per Form 990
$15,629,093
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$10,420,630
Other Expenses$3,759,402
Total Fundraising Expense$52,844
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$7,193,955$916,619$1,624$8,112,198
Occupancy$1,468,619$45,894$15,298$1,529,811
Other Employee Benefits$826,651$106,644$594$933,889
Payroll Taxes$583,522$75,279$419$659,220
Depreciation Depletion$514,523$16,079$5,360$535,962
Current Officers, Directors, Trustees, and Key Employees$320,913$52,856$3,775$377,544
Pension Plan Contributions$298,992$38,572$215$337,779
Fees for Services Other$187,555$104,148$1,578$293,281
Information Technology$181,319$4,938$1,646$187,903
Office Expenses$164,545$5,141$17,467$187,153
Insurance$156,609$4,894$1,631$163,134
All Other Expenses$79,244$645$214$80,103
Other Expenses$59,191$63$21$59,275
Fees for Services Accounting-$36,661-$36,661
Fees for Services Legal$32,722$1,023$341$34,086
Total Functional Expenses$12,688,110$1,439,078$52,844$14,180,032

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$14,180,032
Total Expenses per Audited Statements$14,180,032
Total Expenses per Form 990$14,180,032
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$10,204
Fundraising Gross Income$10,204
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Spring Reception$36,412$10,204$4,204$6,000
Total Events$36,412$10,204$10,204$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 Friends of Equality Charter School$97,211
Deferred Rent$90,383
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 35% controlled entity
No
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 11B

All financial information is provided to and reviewed by the finance committee and then presented to the board as a whole.

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

Any director, principal officer or member of a committee with governing board delegated powers, who has a direct or indirect financial interest, as defined below, is an interested person. In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of committees with governing board delegated powers considering the proposed transaction or arrangement.

Form 990, Part VI, Section B, Line 15

The board of trustees determines the head of school's salary. Any such decisions will be captured in the board meeting minutes. Any changes to a staff member's salary will be approved by the head of school in writing or electronically and documented via a personnel action form. A copy of this form will be maintained in the employee file.

Form 990, Part VI, Section C, Line 19

The school is required to file these schedules and policies with various state education agencies and in addition, the policies are part of the school's by-laws and manuals. The audited financial statements are due to the school's authorizer who makes this information available to the public.

Filing and Contact Details

Filer

Filer Name
Equality Charter School
EIN
80-0338050
Phone
7183203032
Address
4140 HUTCHINSON RIVER PARKWAY E, BRONX, NY 10475

Signing Officer

Name
Gabriel Park
Title
Chief Financial Officer
Phone
7183203032
Signed
2021-05-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Caitlin Franco
Formed
2009
Legal Domicile
Ny
Voting Board Members
7
Independent Board Members
7
Employees
192
Volunteers
3

Preparer

Firm
Bdo USA Llp
Address
600 THIRD AVENUE, NEW YORK, NY 10016
Preparer
Marc Taub
Phone
2125761400
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

This process has not changed from prior year.

Financial Statement Notes

PART X, LINE 2:

The school follows the accounting standard for uncertainty in income taxes. The standard prescribes a minimum recognition threshold and measurement methodology that a tax position taken or expected to be taken in a tax return is required to meet before being recognized in the financial statements. It also provides guidance for derecognition, classification, interest and penalties, disclosure and transition. The school files informational returns in the federal jurisdiction. With few exceptions, the school is no longer subject to federal income tax examinations for fiscal years before 2017. The school believes that it has appropriate support for the positions taken on its tax returns. Nonetheless, the amounts ultimately paid, if any, upon resolution of the issues raised by the taxing authorities may differ materially from the amounts accrued for each year. Management believes that its nonprofit status would be sustained upon examination. Should there be interest on underpayments of income tax, the school would classify it as interest expense. The school would classify penalties in connection with underpayments of income tax as other expense.

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IRS990/ActivityOrMissionDesc0EQUALITY CHARTER SCHOOL PROVIDES A HIGH LEVEL OF ACADEMIC RIGOR IN A NURTURING LEARNING COMMUNITY THAT HELPS PREPARE SCHOLARS TO BE SUCCESSFUL POST HIGH SCHOOL GRADUATION. WE REALIZE HIGH EXPECTATIONS FOR STAFF AND SCHOLARS BY FOCUSING ON THE INTEGRATION OF GOAL SETTING, CRITICAL THINKING AND PROBLEM-SOLVING SKILLS. AS OUR SCHOLARS MOVE THROUGH THIS PROGRESSION, THEY DEVELOP INTO PROFICIENT HIGH SCHOOL GRADUATES WHO ARE COLLEGE-READY AND ON A TRAJECTORY TO LEAD PRODUCTIVE LIVES, IN THE WORKPLACE AND THE COMMUNITY.
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IRS990/Desc0GENERAL EDUCATION PROGRAM:EQUALITY'S ACADEMIC PROGRAM IS WELL ALIGNED WITH THE RESEARCH OF DOUGLAS REEVES, WHO HIGHLIGHTS 90/90/90 SCHOOLS: 90% OF THE STUDENTS ARE ELIGIBLE FOR FREE OR REDUCED LUNCH, 90% OF THE STUDENTS ARE MEMBERS OF AN ETHNIC MINORITY GROUP, AND 90% OF THESE STUDENTS ARE AT OR ABOVE GRADE LEVEL IN READING OR ANOTHER AREA AS MEASURED BY DISTRICT OR STATE ASSESSMENTS. HE NOTES THAT IN THESE SCHOOLS THERE ARE FIVE COMMON CHARACTERISTICS: A FOCUS ON ACADEMIC ACHIEVEMENT, CLEAR CURRICULUM CHOICES, FREQUENT ASSESSMENT OF STUDENT PROGRESS AND MULTIPLE OPPORTUNITIES FOR IMPROVEMENT, AN EMPHASIS ON NON-FICTION WRITING, AND COLLABORATIVE SCORING OF STUDENT WORK. THE UNDERLYING FOUNDATION OF EQUALITY'S ACADEMIC PROGRAM FOCUSES ON REEVES' RESEARCH WITH SOME ADDITIONAL COMPONENTS: 1) HIGH EXPECTATIONS; 2) POSITIVE SCHOOL CULTURE; 3) CURRICULUM ALIGNMENT WITH NEW YORK STATE STANDARDS; 4) DATA-DRIVEN DECISIONS; 5) INCLUSIVE EDUCATION; 6) EMPHASIS ON WRITING; 7) COLLABORATION; 8) PARENTAL INVOLVEMENT; 9) LIFE ACTION PLANS, INCLUDING POST SECONDARY PLANNING AND OPTIONS; AND 10) ADVISORIES. EQUALITY ALSO PROVIDES OUR SCHOLARS AFTER SCHOOL CLUBS INCLUDING: FILM CLUB, DANCE TEAM, DEBATE TEAM, SPELLING BEE CLUB, BOOK CLUB, MATHLETES CLUB, AND ANIME CLUB. EQUALITY CHARTER SCHOOL HOSTS SEVEN SPORTS TEAMS: TRACK, TWO BASKETBALL TEAMS, FLAG FOOTBALL, CHEERLEADING, SOCCER, VOLLEYBALL.
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt8198339
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt9151306
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10164987
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt11151639
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt12128357
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt13126433
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt14116908
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/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRPERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt1MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt2MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt5MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9CHIEF FINANCIAL OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt10HIGH SCHOOL PRINCIPAL
IRS990/Form990PartVIISectionAGrp/TitleTxt11MIDDLE SCHOOL PRINCIPAL
IRS990/Form990PartVIISectionAGrp/TitleTxt12ASSISTANT PRINCIPAL
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR OF CURRICULUM
IRS990/Form990PartVIISectionAGrp/TitleTxt14ASSISTANT PRINCIPAL
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/Form990TFiledInd01
IRS990/FormationYr02009
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt026208
IRS990/FundraisingDirectExpensesAmt010204
IRS990/FundraisingGrossIncomeAmt010204
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt015639297
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt07
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt01646
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt04938
IRS990/InformationTechnologyGrp/ProgramServicesAmt0181319
IRS990/InformationTechnologyGrp/TotalAmt0187903
IRS990/InsuranceGrp/FundraisingAmt01631
IRS990/InsuranceGrp/ManagementAndGeneralAmt04894
IRS990/InsuranceGrp/ProgramServicesAmt0156609
IRS990/InsuranceGrp/TotalAmt0163134
IRS990/IntangibleAssetsGrp/BOYAmt01489
IRS990/IntangibleAssetsGrp/EOYAmt0672
IRS990/InvestmentIncomeGrp/ExclusionAmt011761
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt011761
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt030
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02654169
IRS990/LandBldgEquipBasisNetGrp/BOYAmt03262362
IRS990/LandBldgEquipBasisNetGrp/EOYAmt03127005
IRS990/LandBldgEquipCostOrOtherBssAmt05781174
IRS990/LegalDomicileStateCd0NY
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0EQUALITY CHARTER SCHOOL OPENED ITS DOORS IN THE FALL OF 2009 IN THE NORTH BRONX WITH A COLLEGE PREPARATORY ACADEMIC PROGRAM AND A HIGHLY STRUCTURED AND SUPPORTIVE SCHOOL CULTURE. WHILE THE SCHOOL IS COMPRISED OF STUDENTS FROM MANY BACKGROUNDS, IT IS UNIQUELY DESIGNED TO CLOSE THE ACHIEVEMENT GAP IN MIDDLE AND HIGH SCHOOL. EQUALITY PREPARES STUDENTS TO BE SUCCESSFUL IN COLLEGE BY FOCUSING ON THE INTEGRATION OF GOAL SETTING, CRITICAL THINKING AND PROBLEM SOLVING SKILLS. THE SCHOOL'S PRIMARY PURPOSE IS TO PROVIDE EDUCATIONAL SERVICES TO THE SIXTH THROUGH TWELFTH GRADE STUDENTS OF COMMUNITY SCHOOL DISTRICT 8 & 11. EQUALITY CHARTER SCHOOL WAS FOUNDED IN 2009 TO SERVE MIDDLE SCHOOL STUDENTS IN CO-OP CITY AND CASTLE HILL NEIGHBORHOODS, WHICH ARE HIGH NEEDS AREA IN THE BRONX. WE CURRENTLY INSTRUCT 640 6-12TH GRADE SCHOLARS MOSTLY FROM BRONX COMMUNITY SCHOOL DISTRICT 11, BUT ALSO FROM MANHATTAN AND BROOKLYN.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt06027795
IRS990/NetAssetsOrFundBalancesEOYAmt07476856
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt06027795
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt07476856
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt015298
IRS990/OccupancyGrp/ManagementAndGeneralAmt045894
IRS990/OccupancyGrp/ProgramServicesAmt01468619
IRS990/OccupancyGrp/TotalAmt01529811
IRS990/OfficeExpensesGrp/FundraisingAmt017467
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt05141
IRS990/OfficeExpensesGrp/ProgramServicesAmt0164545
IRS990/OfficeExpensesGrp/TotalAmt0187153
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0125466
IRS990/OtherAssetsTotalGrp/EOYAmt0124553
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0594
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0106644
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0826651
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0933889
IRS990/OtherExpensesGrp/Desc0INSTRUCTIONAL SUPPLIES
IRS990/OtherExpensesGrp/Desc1REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc2STAFF DEVELOPMENT
IRS990/OtherExpensesGrp/Desc3STUDENT SERVICES
IRS990/OtherExpensesGrp/FundraisingAmt0236
IRS990/OtherExpensesGrp/FundraisingAmt12226
IRS990/OtherExpensesGrp/FundraisingAmt2199
IRS990/OtherExpensesGrp/FundraisingAmt321
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0709
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt16677
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt222236
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt363
IRS990/OtherExpensesGrp/ProgramServicesAmt0248212
IRS990/OtherExpensesGrp/ProgramServicesAmt1213668
IRS990/OtherExpensesGrp/ProgramServicesAmt2157870
IRS990/OtherExpensesGrp/ProgramServicesAmt359191
IRS990/OtherExpensesGrp/TotalAmt0249157
IRS990/OtherExpensesGrp/TotalAmt1222571
IRS990/OtherExpensesGrp/TotalAmt2180305
IRS990/OtherExpensesGrp/TotalAmt359275
IRS990/OtherLiabilitiesGrp/BOYAmt0360003
IRS990/OtherLiabilitiesGrp/EOYAmt0187594
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt070365
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt070365
IRS990/OtherRevenueTotalAmt070365
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt01624
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0916619
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt07193955
IRS990/OtherSalariesAndWagesGrp/TotalAmt08112198
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt0419
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt075279
IRS990/PayrollTaxesGrp/ProgramServicesAmt0583522
IRS990/PayrollTaxesGrp/TotalAmt0659220
IRS990/PensionPlanContributionsGrp/FundraisingAmt0215
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt038572
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0298992
IRS990/PensionPlanContributionsGrp/TotalAmt0337779
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt010885
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt09397
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt029761
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt089520
IRS990/PrincipalOfficerNm0CAITLIN FRANCO
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0PER PUPIL OPERATING REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1FEES FROM GOVERNMENT AGENCIES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt012997589
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt12508170
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt012997589
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt12508170
IRS990/ProgSrvcAccomActy2Grp/Desc0SPECIAL EDUCATION PROGRAM:EQUALITY WILL PROVIDE AN INCLUSIVE EDUCATIONAL SETTING FOR OUR SECOND LANGUAGE LEARNERS AND FOR STUDENTS WITH DISABILITIES. OUR TEAM MEMBERS HAVE EXTENSIVE EXPERIENCE IN CREATING POSITIVE, RIGOROUS, INCLUSIVE CLASSROOMS THAT PROVIDE SOCIALLY AND ACADEMICALLY BENEFICIAL ENVIRONMENTS FOR ALL STUDENTS. OUR DAILY PROFESSIONAL DEVELOPMENT, DATA EMPHASIS, PBIS, AND NURTURING ENVIRONMENT WILL ALL SUPPORT SUCCESSFUL INCLUSION AND HIGH ACADEMIC ACHIEVEMENT FOR ALL STUDENTS. WHILE MANY SCHOOLS HAVE SPECIAL EDUCATION POPULATIONS OF ROUGHLY 10%, EQUALITY HAS A POPULATION THAT COMPRISES OVER 20% OF THE STUDENT BODY. EQUALITY'S ACADEMIC PROGRAM IS FULLY INCLUSIVE AND CO-TAUGHT. WE PROVIDE THIS MODEL TO ALL OF OUR STUDENTS INCLUDING THE 21% WHO HAVE DISABILITIES. OUR PROGRAM ALSO INCLUDES ELECTIVES IN PHYSICAL EDUCATION, ART, AND LIFE AND LITERACY.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt04481278
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt02907734
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt010964
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt03137
IRS990/PYOtherExpensesAmt03026774
IRS990/PYOtherRevenueAmt0155454
IRS990/PYProgramServiceRevenueAmt013990376
IRS990/PYRevenuesLessExpensesAmt0830431
IRS990/PYSalariesCompEmpBnftPaidAmt010302726
IRS990/PYTotalExpensesAmt013329500
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt014159931
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt01449061
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt012668390
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01098009
IRS990/SavingsAndTempCashInvstGrp/EOYAmt04892151
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/BookValueAmt0335124
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0851132
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01186256
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt014180032
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt02348306
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01187074
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt03535380
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0443575
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0615963
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01059538
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt090383
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt197211
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED RENT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO FRIENDS OF EQUALITY CHARTER SCHOOL
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt015629093
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL FOLLOWS THE ACCOUNTING STANDARD FOR UNCERTAINTY IN INCOME TAXES. THE STANDARD PRESCRIBES A MINIMUM RECOGNITION THRESHOLD AND MEASUREMENT METHODOLOGY THAT A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN THE FINANCIAL STATEMENTS. IT ALSO PROVIDES GUIDANCE FOR DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, DISCLOSURE AND TRANSITION. THE SCHOOL FILES INFORMATIONAL RETURNS IN THE FEDERAL JURISDICTION. WITH FEW EXCEPTIONS, THE SCHOOL IS NO LONGER SUBJECT TO FEDERAL INCOME TAX EXAMINATIONS FOR FISCAL YEARS BEFORE 2017. THE SCHOOL BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR THE POSITIONS TAKEN ON ITS TAX RETURNS. NONETHELESS, THE AMOUNTS ULTIMATELY PAID, IF ANY, UPON RESOLUTION OF THE ISSUES RAISED BY THE TAXING AUTHORITIES MAY DIFFER MATERIALLY FROM THE AMOUNTS ACCRUED FOR EACH YEAR. MANAGEMENT BELIEVES THAT ITS NONPROFIT STATUS WOULD BE SUSTAINED UPON EXAMINATION. SHOULD THERE BE INTEREST ON UNDERPAYMENTS OF INCOME TAX, THE SCHOOL WOULD CLASSIFY IT AS INTEREST EXPENSE. THE SCHOOL WOULD CLASSIFY PENALTIES IN CONNECTION WITH UNDERPAYMENTS OF INCOME TAX AS OTHER EXPENSE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03127005
IRS990ScheduleD/TotalExpensesPerForm990Amt014180032
IRS990ScheduleD/TotalLiabilityAmt0187594
IRS990ScheduleD/TotalRevenuePerForm990Amt015629093
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt015629093
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt014180032
IRS990ScheduleE/ComplianceWithRevProc7550Ind01

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$14.4$4.29$10.1$19.3$18.5$0.77
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$15.5$6.24$9.31$17.6$17.9$0.39
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.0$1.34$9.70$16.7$17.1$0.42
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.5$1.33$10.1$17.8$15.1$2.65
2020Detailed filing. Detailed filing data is available for this year.$10.6$3.11$7.48$15.6$14.2$1.45
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.29$1.26$6.03$14.2$13.3$0.83
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.80$1.61$5.20$13.1$12.8$0.29
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.52$1.61$4.91$11.5$10.9$0.53
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.50$1.11$4.39$9.22$8.67$0.54
2015Detailed filing. Detailed filing data is available for this year.$4.71$0.87$3.84$7.49$6.50$0.98
2014Detailed filing. Detailed filing data is available for this year.$3.41$0.55$2.86$4.37$4.12$0.24
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.04$0.42$2.61$3.85
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.57$0.41$2.16$3.65
2011Summary only. Only limited summary data is available for this year.$1.86$0.27$1.59$4.09$3.07$1.02
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.81$0.24$0.57$2.10