Civic Intelligence

Brooklyn Emerging Leaders Academy Charter School

990 • Fiscal year 2019 • EIN 81-3554882

Jul 01, 2018 to Jun 30, 2019 • Filed on Apr 06, 2020

125 Stuyvesant AveBrooklyn, NY 11221

(347) 473-8831

Siviq Scores

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

Liabilities / Assets

76th percentile

0.51x

Higher debt load relative to assets than 76% of similar nonprofits.

2019 filings • NTEE B • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

53rd percentile

0.10x

Higher debt load relative to revenue than 53% of similar nonprofits.

2019 filings • NTEE B • $1M-$5M nonprofits • Source year 2019

Net Margin

38th percentile

0.6%

Higher net margin than 38% of similar nonprofits.

2019 filings • NTEE B • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

81st percentile

$162,500

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 5.9% of source-year revenue.

2019 filings • NTEE B • $1M-$5M nonprofits • Source year 2019

Asset Growth

87th percentile

45%

Faster asset growth than 87% of similar nonprofits.

2019 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

84th percentile

32%

Faster revenue growth than 84% of similar nonprofits.

2019 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Up

$539,032

Up $166,801 (+45%) from 2018

Net Assets

Up

$264,132

Up $15,441 (+6.2%) from 2018

Liabilities

Up

$274,900

Up $151,360 (+123%) from 2018

Revenue

Up

$2,761,290

Up $670,990 (+32%) from 2018

Expenses

Up

$2,745,849

Up $655,034 (+31%) from 2018

Net Income

Up

$15,441

Up $15,956 (+3098%) from 2018

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2017: $413,918Liabilities 2017: $164,712Net Assets 2017: $249,2062017Assets 2018: $372,231Liabilities 2018: $123,540Net Assets 2018: $248,6912018Assets 2019: $539,032Liabilities 2019: $274,900Net Assets 2019: $264,1322019Assets 2020: $1,401,635Liabilities 2020: $584,724Net Assets 2020: $816,9112020Assets 2021: $1,874,026Liabilities 2021: $250,576Net Assets 2021: $1,623,4502021Assets 2022: $2,971,549Liabilities 2022: $340,746Net Assets 2022: $2,630,8032022Assets 2023: $3,056,040Liabilities 2023: $368,264Net Assets 2023: $2,687,7762023Assets 2024: $2,604,322Liabilities 2024: $445,617Net Assets 2024: $2,158,7052024

Highlighted filing

2019

Assets$539,032
Liabilities$274,900
Net Assets$264,132

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2017: $629,061Expenses 2017: $379,855Net Income 2017: $249,2062017Revenue 2018: $2,090,300Expenses 2018: $2,090,815Net Income 2018: -$5152018Revenue 2019: $2,761,290Expenses 2019: $2,745,849Net Income 2019: $15,4412019Revenue 2020: $3,723,822Expenses 2020: $3,171,043Net Income 2020: $552,7792020Revenue 2021: $5,031,772Expenses 2021: $4,225,233Net Income 2021: $806,5392021Revenue 2022: $5,830,499Expenses 2022: $4,823,146Net Income 2022: $1,007,3532022Revenue 2023: $5,505,573Expenses 2023: $5,448,600Net Income 2023: $56,9732023Revenue 2024: $4,957,076Expenses 2024: $5,523,307Net Income 2024: -$566,2312024

Highlighted filing

2019

Revenue$2,761,290
Expenses$2,745,849
Net Income$15,441
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Apr 6, 2020
Return Version
2018v3.1
Gross Receipts
$2,761,290
Mission and Program Overview

Mission

Bela's mission is to empower each young woman to be the best version of herself. Through a rigorous college preparatory curriculum, service learning initiatives, and a commitment to cultivating a spirit of resilience within each young woman, bela students will attend and graduate from college.

BELAs mission is to empower each young woman to be the best version of herself through a rigorous college preparatory curriculum, service learning initiatives, and a commitment to cultivating a spirit of resilience.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$140,871$203,872▲ $63,001
Cash and Non-Interest-Bearing Accounts$160,724$169,858▲ $9,134
Pledges and Grants Receivable$42,636$115,287▲ $72,651
Savings and Temporary Cash Investments$25,000$50,015▲ $25,015
Prepaid Expenses and Deferred Charges$3,000$0▼ $3,000
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$372,231$539,032▲ $166,801
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$123,540$274,900▲ $151,360
Total Liabilities$123,540$274,900▲ $151,360
Net Assets / Fund Balance
Unrestricted Net Assets$248,691$264,132▲ $15,441
Total Net Assets Fund Balance$248,691$264,132▲ $15,441
Total Liabilities and Net Assets / Fund Balance$372,231$539,032▲ $166,801

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$203,872$109,597-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Nicia FullwoodHead of SchoolFT$162,500$162,500

Board Members and Trustees

NameTitle
Dr Andre McKenzieBoard Chair
Alma MendsBoard Trustee
Annette KnuckleBoard Trustee
Brenda CantyBoard Trustee
Ebette FortuneBoard Trustee
Nicole CharetteBoard Trustee
Sister Janet McKinneyBoard Trustee
Stacey DubovBoard Trustee
Diane NathanielSecretary
Michael LackwoodTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Genuine FoodsSchool Food Service121 MacDonough St Suite 1, Brooklyn, NY 11216$122,076
Revenue and Support

Revenue Composition

Contributions and Grants
$2,758,421
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$2,869
All Other Contributions
$168,686
Change in Net Assets
$15,441

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,761,290
Total Revenue per Audited Statements
$2,761,290
Total Revenue per Form 990
$2,761,290
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,046,828
Other Expenses$699,021
Total Fundraising Expense$22,111
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,354,909$171,244$16,212$1,542,365
Fees for Services Other$41,209$174,058-$215,267
Other Employee Benefits$141,442$17,876$1,692$161,010
Payroll Taxes$141,429$17,875$1,692$160,996
Current Officers, Directors, Trustees, and Key Employees$131,769$16,654$1,577$150,000
Depreciation Depletion$67,999--$67,999
Office Expenses$29,022$6,660$309$35,991
Pension Plan Contributions$28,512$3,604$341$32,457
Insurance$24,090$3,045$288$27,423
Advertising$18,839--$18,839
Other Expenses$1,251$16,996-$18,247
Occupancy$12,835--$12,835
All Other Expenses$4,030$6,779-$10,809
Total Functional Expenses$2,288,844$434,894$22,111$2,745,849

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,745,849
Total Expenses per Audited Statements$2,745,849
Total Expenses per Form 990$2,745,849
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
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
Yes
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
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

Management reviewed a draft of the form 990 with the audit/finance committee and provided edits to the tax preparer. After this process was performed, the form 990 was sent to the full board of directors prior to being filed with the IRS. The draft 990 is circulated via email to board members for review prior to filing.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

The organization has a board approved conflicts of interest policy. Each board member must fill out an annual declaration stating they had no conflicts or identifying the nature of their interested party transactions.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

Each year, the executive committee reviews comparable salaries based on a recognized study and reviews the performance of the Head of School to determine if the existing salary falls within these ranges. After a deliberation of this matter, a new proposed salary and benefit package is voted on.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Governing documents, conflict of interest policy, and financial statements are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Brooklyn Emerging Leaders Academy
EIN
81-3554882
Phone
3474738831
Address
125 Stuyvesant Ave, Brooklyn, NY 11221

Signing Officer

Name
Nicia Fullwood
Title
Head of School
Signed
2020-04-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nicia Fullwood
Formed
2016
Legal Domicile
Ny
Voting Board Members
10
Independent Board Members
10
Employees
28
Volunteers
20

Preparer

Firm
Schall & Ashenfarb Cpas
Address
307 5th Ave 15th Floor, NEW YORK, NY 10016-6517
Preparer
Michael Schall
Phone
2122682800
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

The School does not believe its financial statements include any material, uncertain tax positions. Tax filings for the periods ending June 30, 2017, the School's initial filing, and later are subject to examination by applicable taxing authorities.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The School does not believe its financial statements include any material, uncertain tax positions. Tax filings for the periods ending June 30, 2017, the School's initial filing, and later are subject to examination by applicable taxing authorities.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0The school has a nondiscriminatory policy that is publicized in recruitment literature, as well as print and electronic media. A copy of the policy is made available upon request.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1The School receives various government grants.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Line 4 - Explanation of Records and Materials Not Maintained
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2Schedule E, Line 5 - Explanation of Organization Discrimination by Race
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc3Schedule E, Line 6 - Explanation of Aid or Assistance from Governmental Agency
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