Civic Intelligence

Earl Monroe New Renaissance Basketball

EIN 83-3394623 • 501(c)3 • Bronx, NY

Profile

At the earl monroe new renaissance basketball school, we've set out to ensure that our students' futures are filled with possibility - whether they play the game or not. We are committed to the belief that the magic and excitement of basketball extends beyond the court into professions that are accessible to our graduates.

1617 Parkview AveBronx, NY 10461

earlmonroeschool.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

43rd percentile

0.24x

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

NTEE B • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

20th percentile

0.05x

Higher debt load relative to revenue than 20% of similar nonprofits.

NTEE B • $10M-$25M nonprofits • Source year 2024

Net Margin

57th percentile

5.0%

Higher net margin than 57% of similar nonprofits.

NTEE B • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

68th percentile

$232,034

Higher top officer pay than 68% of similar nonprofits.

Top officer pay equals 2.3% of source-year revenue.

NTEE B • $10M-$25M nonprofits • Source year 2024

Asset Growth

2nd percentile

-36%

Faster asset growth than 2% of similar nonprofits.

NTEE B • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

82nd percentile

34%

Faster revenue growth than 82% of similar nonprofits.

NTEE B • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Down

$2,293,712

Down $1,309,247 (-36%) from 2023

Liabilities

Down

$540,026

Down $1,811,386 (-77%) from 2023

Net Assets

Up

$1,753,686

Up $502,139 (+40%) from 2023

Revenue

Up

$10,116,505

Up $2,556,344 (+34%) from 2023

Expenses

Up

$9,614,366

Up $1,640,292 (+21%) from 2023

Net Income

Up

$502,139

Up $916,052 (+221%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$4.0M$3.0M$2.0M$1.0M$0Assets 2021: $686,720Liabilities 2021: $256,834Net Assets 2021: $429,8862021Assets 2022: $2,159,663Liabilities 2022: $494,203Net Assets 2022: $1,665,4602022Assets 2023: $3,602,959Liabilities 2023: $2,351,412Net Assets 2023: $1,251,5472023Assets 2024: $2,293,712Liabilities 2024: $540,026Net Assets 2024: $1,753,6862024

Highlighted filing

2024

Assets$2,293,712
Liabilities$540,026
Net Assets$1,753,686

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$15M$10M$5.0M$0-$5.0MRevenue 2021: $1,306,738Expenses 2021: $834,937Net Income 2021: $471,8012021Revenue 2022: $6,262,553Expenses 2022: $5,068,894Net Income 2022: $1,193,6592022Revenue 2023: $7,560,161Expenses 2023: $7,974,074Net Income 2023: -$413,9132023Revenue 2024: $10,116,505Expenses 2024: $9,614,366Net Income 2024: $502,1392024

Highlighted filing

2024

Revenue$10,116,505
Expenses$9,614,366
Net Income$502,139

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 8, 2025
Return Version
2023v6.0
Gross Receipts
$10,116,505
Mission and Program Overview

Mission

At the earl monroe new renaissance basketball school, we've set out to ensure that our students' futures are filled with possibility - whether they play the game or not. We are committed to the belief that the magic and excitement of basketball extends beyond the court into professions that are accessible to our graduates.

The school will help students from some of nyc's most challenging neighborhoods see beyond the hardwood to find hope and oportunity. We want them to be inspired not just by players, but by recognizable and respected role models from professions related to basketball.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$673,538$572,159▼ $101,379
Cash and Non-Interest-Bearing Accounts$223,289$479,881▲ $256,592
Pledges and Grants Receivable$125,672$275,140▲ $149,468
Savings and Temporary Cash Investments$217,605$256,797▲ $39,192
Accounts Receivable$413,300$209,960▼ $203,340
Prepaid Expenses and Deferred Charges$122,934$87,251▼ $35,683
Total Assets$3,602,959$2,293,712▼ $1,309,247
Other Assets Total$1,826,621$412,524▼ $1,414,097
Liabilities
Accounts Payable and Accrued Expenses$377,791$478,906▲ $101,115
Other Liabilities$1,973,621$61,120▼ $1,912,501
Total Liabilities$2,351,412$540,026▼ $1,811,386
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$868,245$1,642,364▲ $774,119
Net Assets With Donor Restrictions$383,302$111,322▼ $271,980
Total Net Assets Fund Balance$1,251,547$1,753,686▲ $502,139
Total Liabilities and Net Assets / Fund Balance$3,602,959$2,293,712▼ $1,309,247

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$269,635$298,163$567,798
Leasehold Improvements$13,078$481,089$494,167
Other Land Buildings$289,446$111,761$401,207
Other Assets Org$120,531--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Brandon CorleyExecutive DirectorFT$197,779$34,255$232,034
Dr Kern MojicaSchool Principal - Thru July 2023FT$91,687$124,071$215,758
Danielle Del ValleAcademic DirectorFT$141,656$25,179$166,835
Victor RiosDirector of OperationsFT$111,873$15,030$126,903
Santiago VasquezTeacherFT$105,890$20,926$126,816
Shaun MerriqueDirector of Literacy EnrichmentFT$105,279$18,661$123,940

Board Members and Trustees

NameTitle
Dan KloresSchool Founder and Board President
Jack IrushalmiBoard Vice Chair
Alan FishmanBoard Member
David StrasserBoard Member
Derrick GreenBoard Member
Ernesto FreireBoard Member
Estefany LopezBoard Member
Jackie HarrisBoard Member
Laurie LindenbaumBoard Member
Len ElmoreBoard Member
Michael SalzerBoard Member
Milton SippBoard Member
Vyasa Tewari AutarBoard Member
William WesleyBoard Member
Anita ReyesBoard Secretary
Aaron SapersteinBoard Treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Friends Of Earl Monroe New Renaissance BFacility Rent1617 PARKVIEW AVE, Bronx, NY 10461$1,581,968
Safety Clean LLCJanitorial Services355 LEXINGSTON AVE SUITE 501, New York, NY 10017$170,463
4th Sector Solutions INCFinancial Management Services8550 UNITED PLAZA BLVD SUITE 601, Baton Rouge, LA 70809$146,613
Shi International CorpTechnology & EquipmentPO BOX 952121, Dallas, TX 75395$144,068
Cohen Schneider LawLegal Services275 MADISON AVE STE 1905, New York, NY 10016$110,234
Revenue and Support

Revenue Composition

Contributions and Grants
$3,513,826
Program Service Revenue
$6,588,768
Investment Income
$13,911
Other Revenue
$0
All Other Contributions
$1,414,722
Change in Net Assets
$502,139

Audited Revenue Reconciliation

Revenue per Audited Statements
$10,116,505
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$10,116,505
Total Revenue per Form 990
$10,116,505
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$6,296,969
Other Expenses$3,317,397
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,050,707$736,501-$4,787,208
Occupancy$1,098,156$418,019-$1,516,175
Other Employee Benefits$521,953$95,603-$617,556
Payroll Taxes$356,133$67,336-$423,469
Depreciation Depletion$277,065$105,466-$382,531
Fees for Services Other$309,247$54,916-$364,163
Current Officers, Directors, Trustees, and Key Employees$177,173$67,439-$244,612
Pension Plan Contributions$189,721$34,403-$224,124
Fees for Services Management-$132,870-$132,870
Advertising$99,690$28,347-$128,037
Information Technology$77,695$29,575-$107,270
Fees for Services Legal-$65,489-$65,489
Insurance$40,354$15,361-$55,715
Office Expenses$2,730$31,814-$34,544
All Other Expenses$15,301$15,053-$30,354
Fees for Services Accounting-$28,815-$28,815
Other Expenses$18,852$7,176-$26,028
Travel$286$109-$395
Total Functional Expenses$7,657,467$1,956,899$0$9,614,366

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$9,614,366
Total Expenses per Audited Statements$9,614,366
Total Expenses per Form 990$9,614,366
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
Lease Liabilities-operating$61,120
Governance and Compliance

Governance Checklist

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

A draft of form 990 will be presented to the board members for review and approval prior to filing of the return with the appropriate taxing authorities.

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

A third-party financial consultant prepares monthly financial reports to the board monthly. Discrepancies are brought to the board's attention immediately upon discovery.

Form 990, Part VI, Section B, Line 15

Board deliberation was employed to determine the salaries of key employees.

Form 990, Part VI, Section C, Line 19

Through the school's website.

Filing and Contact Details

Filer

Filer Name
Earl Monroe New Renaissance Basketball
EIN
83-3394623
Phone
2254360136
Address
1617 PARKVIEW AVE, BRONX, NY 10461

Signing Officer

Name
Dan Klores
Title
President
Phone
2254360136
Signed
2025-05-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dan Klores
Formed
2019
Legal Domicile
Ny
Voting Board Members
16
Independent Board Members
16
Employees
78
Volunteers
16

Preparer

Firm
Mengel Metzger Barr & Co Llp
Address
100 CHESTNUT STREET SUITE 1200, ROCHESTER, NY 14604
Preparer
Michelle Cain
Phone
5854231860
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The board has not changed its process for selecting the independent auditor nor have they changed the oversight of the audit from prior years.

Financial Statement Notes

PART X, LINE 2:

The charter school is a tax-exempt organization under section 501(c)(3) of the internal revenue code and applicable state regulations and, accordingly, is exempt from federal and state taxes on income. The charter school files form 990 tax returns in the u.s. Federal jurisdiction. The charter school's current and prior three years tax returns remain subject to potential review by taxing authorities. Management of the charter school believes it has no material uncertain tax positions and, accordingly, it will not recognize any liability for unrecognized tax benefits.

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IRS990/Form990PartVIISectionAGrp/PersonNm14VYASA TEWARI AUTAR
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IRS990/Form990PartVIISectionAGrp/PersonNm16BRANDON CORLEY
IRS990/Form990PartVIISectionAGrp/PersonNm17DR KERN MOJICA
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IRS990/Form990PartVIISectionAGrp/PersonNm21SANTIAGO VASQUEZ
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IRS990/Form990PartVIISectionAGrp/TitleTxt0SCHOOL FOUNDER AND BOARD PRESIDENT
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IRS990/Form990PartVIISectionAGrp/TitleTxt16EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17SCHOOL PRINCIPAL - THRU JULY 2023
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IRS990/Form990PartVIISectionAGrp/TitleTxt19ACADEMIC DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR OF LITERACY ENRICHMENT
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