Civic Intelligence

Brooklyn Emerging Leaders Academy Charter School

990 • Fiscal year 2021 • EIN 81-3554882

Jul 01, 2020 to Jun 30, 2021 • Filed on Apr 29, 2022

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

12th percentile

0.13x

Higher debt load relative to assets than 12% of similar nonprofits.

2021 filings • NTEE B29 • $5M-$10M nonprofits • Source year 2021

Liabilities / Revenue

8th percentile

0.05x

Higher debt load relative to revenue than 8% of similar nonprofits.

2021 filings • NTEE B29 • $5M-$10M nonprofits • Source year 2021

Net Margin

86th percentile

16%

Higher net margin than 86% of similar nonprofits.

2021 filings • NTEE B29 • $5M-$10M nonprofits • Source year 2021

Top Officer Pay

76th percentile

$188,409

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 3.7% of source-year revenue.

2021 filings • NTEE B29 • $5M-$10M nonprofits • Source year 2021

Asset Growth

79th percentile

34%

Faster asset growth than 79% of similar nonprofits.

2021 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2020 to 2021

Revenue Growth

77th percentile

35%

Faster revenue growth than 77% of similar nonprofits.

2021 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2020 to 2021

Assets

Up

$1,874,026

Up $472,391 (+34%) from 2020

Net Assets

Up

$1,623,450

Up $806,539 (+99%) from 2020

Liabilities

Down

$250,576

Down $334,148 (-57%) from 2020

Revenue

Up

$5,031,772

Up $1,307,950 (+35%) from 2020

Expenses

Up

$4,225,233

Up $1,054,190 (+33%) from 2020

Net Income

Up

$806,539

Up $253,760 (+46%) from 2020

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

2021

Assets$1,874,026
Liabilities$250,576
Net Assets$1,623,450

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

2021

Revenue$5,031,772
Expenses$4,225,233
Net Income$806,539
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Apr 29, 2022
Return Version
2020v4.0
Gross Receipts
$5,031,772
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
Cash and Non-Interest-Bearing Accounts$1,042,494$1,522,514▲ $480,020
Pledges and Grants Receivable$128,297$175,511▲ $47,214
Land, Buildings, and Equipment, Net$152,803$91,929▼ $60,874
Savings and Temporary Cash Investments$75,041$75,048▲ $7
Prepaid Expenses and Deferred Charges$3,000$9,024▲ $6,024
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$1,401,635$1,874,026▲ $472,391
Other Assets Total-$0-
Liabilities
Unsecured Notes Loans Payable$394,522--
Accounts Payable and Accrued Expenses$152,250$250,576▲ $98,326
Deferred Revenue$37,952--
Total Liabilities$584,724$250,576▼ $334,148
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$716,911$1,523,450▲ $806,539
Net Assets With Donor Restrictions$100,000$100,000→ $0
Total Net Assets Fund Balance$816,911$1,623,450▲ $806,539
Total Liabilities and Net Assets / Fund Balance$1,401,635$1,874,026▲ $472,391

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$91,929$276,787-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Nicia FullwoodHead of SchoolFT$173,502$14,907$188,409
Shannon RileyAssistant PrincipaFT$105,860$8,525$114,385

Board Members and Trustees

NameTitle
Diane NathanielBoard Chair
Alma MendsBoard Trustee
Andre McKenzieBoard Trustee
Brenda CantyBoard Trustee
Christina SociasBoard Trustee
Deborah HallBoard Trustee
Iymaani AytesBoard Trustee
Johnathan DillBoard Trustee
Mellanie GarnerBoard Trustee
Stacy HaislipBoard Trustee
Michael LackwoodTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Edtec IncFiscal consultant121 MacDonough St Suite 1, Emeryville, CA 94608$142,791
Revenue and Support

Revenue Composition

Contributions and Grants
$5,023,916
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$7,856
All Other Contributions
$196,954
Change in Net Assets
$806,539

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,031,772
Total Revenue per Audited Statements
$5,031,772
Total Revenue per Form 990
$5,031,772
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,182,575
Other Expenses$1,042,658
Total Fundraising Expense$19,930
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,276,386$199,770$7,530$2,483,686
Fees for Services Other$91,457$259,263-$350,720
Other Employee Benefits$258,486$22,950$1,349$282,785
Payroll Taxes$185,993$16,651$1,226$203,870
Current Officers, Directors, Trustees, and Key Employees$155,632$18,439$9,025$183,096
Office Expenses$71,317$10,947$411$82,675
Depreciation Depletion$71,946--$71,946
Other Expenses$13,775$54,206-$67,981
Insurance$58,949$5,277$389$64,615
All Other Expenses$23,363$19,932-$43,295
Advertising$40,929--$40,929
Pension Plan Contributions$27,015$2,123-$29,138
Occupancy$18,435--$18,435
Fees for Services Legal-$3,813-$3,813
Total Functional Expenses$3,493,867$711,436$19,930$4,225,233

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,225,233
Total Expenses per Audited Statements$4,225,233
Total Expenses per Form 990$4,225,233
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 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
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
Diane Nathaniel
Title
Board Chair
Signed
2022-04-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nicia Fullwood
Formed
2016
Legal Domicile
Ny
Voting Board Members
11
Independent Board Members
11
Employees
44
Volunteers
11

Preparer

Firm
Schall & Ashenfarb Cpas LLC
Address
307 FIFTH AVE 15TH FL, NEW YORK, NY 10016
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, 2018 and later are subject to examination by applicable taxing authorities.

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IRS990/MissionDesc0BELAs 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.
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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, 2018 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

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