Civic Intelligence

Bold Schools Inc.

990 • Fiscal year 2020 • EIN 83-3915942

Jul 01, 2019 to Jun 30, 2020 • Filed on Mar 04, 2021

Organization ProfileN/A
1090 Close AveBronx, NY 10472

(877) 829-5500

Siviq Scores

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

Liabilities / Assets

87th percentile

0.63x

Higher debt load relative to assets than 87% of similar nonprofits.

2020 filings • NTEE B • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

95th percentile

1.31x

Higher debt load relative to revenue than 95% of similar nonprofits.

2020 filings • NTEE B • $500k-$1M nonprofits • Source year 2020

Net Margin

98th percentile

86%

Higher net margin than 98% of similar nonprofits.

2020 filings • NTEE B • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

53rd percentile

$0

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • NTEE B • $500k-$1M nonprofits • Source year 2020

Asset Growth

98th percentile

681%

Faster asset growth than 98% of similar nonprofits.

2020 filings • NTEE B • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

99th percentile

1294%

Faster revenue growth than 99% of similar nonprofits.

2020 filings • NTEE B • $500k-$1M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets87th percentile

Assets

Up

$701,300

Up $611,526 (+681%) from 2019

Net Assets

$262,214

No earlier filing loaded for comparison.

Liabilities

Up

$439,086

Up $265,062 (+152%) from 2019

Revenue And Expenses
Liabilities / Revenue95th percentileNet Margin98th percentile

Revenue

Up

$334,532

Up $310,532 (+1294%) from 2019

Expenses

Down

$47,751

Down $60,499 (-56%) from 2019

Net Income

Up

$286,781

Up $371,031 (+440%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth98th percentile

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

$10M$5.0M$0Assets 2019: $89,774Liabilities 2019: $174,0242019Assets 2020: $701,300Liabilities 2020: $439,086Net Assets 2020: $262,2142020Assets 2021: $555,244Liabilities 2021: $84,683Net Assets 2021: $470,5612021Assets 2022: $1,156,539Liabilities 2022: $512,840Net Assets 2022: $643,6992022Assets 2023: $6,761,396Liabilities 2023: $5,416,369Net Assets 2023: $1,345,0272023Assets 2024: $9,672,642Liabilities 2024: $7,812,179Net Assets 2024: $1,860,4632024

Highlighted filing

2020

Assets$701,300
Liabilities$439,086
Net Assets$262,214
Open 2020 Filing

Operations Trend

Revenue Growth99th percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2019: $24,000Expenses 2019: $108,250Net Income 2019: -$84,2502019Revenue 2020: $334,532Expenses 2020: $47,751Net Income 2020: $286,7812020Revenue 2021: $376,491Expenses 2021: $168,144Net Income 2021: $208,3472021Revenue 2022: $445,400Expenses 2022: $272,262Net Income 2022: $173,1382022Revenue 2023: $1,152,019Expenses 2023: $450,691Net Income 2023: $701,3282023Revenue 2024: $840,815Expenses 2024: $325,379Net Income 2024: $515,4362024

Highlighted filing

2020

Revenue$334,532
Expenses$47,751
Net Income$286,781
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Mar 4, 2021
Return Version
2019v5.2
Gross Receipts
$757,988
Mission and Program Overview

Mission

To serve as a fundraising arm for bold charter school, and to support bold charter school with facilities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$519$167,004▲ $166,485
Land, Buildings, and Equipment, Net$84,255$126,177▲ $41,922
Prepaid Expenses and Deferred Charges-$28,619-
Total Assets$89,774$701,300▲ $611,526
Other Assets Total$5,000$379,500▲ $374,500
Liabilities
Mortgage Notes Payable Secured by Investment Property-$189,500-
Other Liabilities$168,998$153,736▼ $15,262
Deferred Revenue-$75,000-
Accounts Payable and Accrued Expenses$5,026$20,850▲ $15,824
Total Liabilities$174,024$439,086▲ $265,062
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-84,250$262,214▲ $346,464
Total Net Assets Fund Balance$-84,250$262,214▲ $346,464
Total Liabilities and Net Assets / Fund Balance$89,774$701,300▲ $611,526

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$126,177$46,566$172,743
Other Assets Org$376,000--
Compensation and Service Providers
Top Officer Pay53rd percentile

Board Members and Trustees

NameTitle
Eric Zakre as of June 2020President
Pamela West Thru June 2020President
Ashley BurrellSecretary
Alex NicolauTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Tender Tots Close Avenue LLCRentPO BOX 1537, Lakewood, NJ 08701$140,337
Revenue and Support

Revenue Composition

Contributions and Grants
$25,985
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$308,547
All Other Contributions
$25,985
Change in Net Assets
$286,781

Audited Revenue Reconciliation

Revenue per Audited Statements
$334,532
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$423,456
Total Revenue per Audited Statements
$757,988
Total Revenue per Form 990
$334,532
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$47,751
Total Fundraising Expense$6,588
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting-$16,400-$16,400
Fees for Services Other$3,700$1,299$4,175$9,174
Interest-$8,772-$8,772
Other Expenses-$5,008-$5,008
Fees for Services Legal-$4,741-$4,741
Office Expenses-$1,243$2,413$3,656
Total Functional Expenses$3,700$37,463$6,588$47,751

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$471,207
Expenses Not Reported on Form 990$423,456
Expenses per Audited Statements$47,751
Total Expenses per Form 990$47,751
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 Related Party$93,602
Deferred Lease Liability$60,134
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
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
No

Governance Explanations

Form 990, Part VI, Section A, Line 8B

“The organization has no subcommittees.”

Form 990, Part VI, Section B, Line 11B

“A copy of the form 990 is provided to board members prior to the filing with the appropriate tax authorities.”

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

“The organization closely monitors compliance with the conflict of interest policy.”

Form 990, Part VI, Section C, Line 19

“The organization makes its documents available upon request.”

Filing and Contact Details

Filer

Filer Name
Bold Schools Inc
EIN
83-3915942
Phone
8778295500
Address
1090 CLOSE AVE, BRONX, NY 10472

Signing Officer

Name
Pamela West
Title
President
Phone
8778295500
Signed
2021-03-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Pamela West
Formed
2019
Legal Domicile
Ny
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
3

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 IX, Line 11G

“Other consultants: program service expenses 3,700. Management and general expenses 1,299. Fundraising expenses 4,175. Total expenses 9,174.”

FORM 990, PART XI, LINE 9:

“Prior period adjustment 59,683.”

Part XII, Line 2C Explanation

“This process is consistent with the prior year.”

Financial Statement Notes

PART X, LINE 2:

“The organization has filed for and received income tax exemptions in the various jurisdictions where they are required to do so. The organization files form 990 tax returns in the u.s. Federal jurisdiction and in new york state. With few exceptions, as of june 30, 2020, the organization is no longer subject to u.s. Federal or state income tax examinations by tax authorities for years ended prior to june 30, 2019. The tax returns for years ended june 30, 2019 through june 30, 2020 are still subject to potential audit by the irs and taxing authorities in new york state. Management of the organization believes they have no material uncertain tax positions and, accordingly, they have not recognized any liability for unrecognized tax benefits.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“RENTAL EXPENSES”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“RENTAL EXPENSES”

Raw XML AppendixShowing 400 of 431 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt03500
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1376000
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0SECURITY DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DEFERRED LEASE RECEIVABLE
IRS990ScheduleD/OtherExpensesIncludedAmt0423456
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt093602
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt160134
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO RELATED PARTY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEFERRED LEASE LIABILITY
IRS990ScheduleD/OtherRevenueAmt0423456
IRS990ScheduleD/RevenueNotReportedAmt0423456
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0334532
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS FILED FOR AND RECEIVED INCOME TAX EXEMPTIONS IN THE VARIOUS JURISDICTIONS WHERE THEY ARE REQUIRED TO DO SO. THE ORGANIZATION FILES FORM 990 TAX RETURNS IN THE U.S. FEDERAL JURISDICTION AND IN NEW YORK STATE. WITH FEW EXCEPTIONS, AS OF JUNE 30, 2020, THE ORGANIZATION IS NO LONGER SUBJECT TO U.S. FEDERAL OR STATE INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS ENDED PRIOR TO JUNE 30, 2019. THE TAX RETURNS FOR YEARS ENDED JUNE 30, 2019 THROUGH JUNE 30, 2020 ARE STILL SUBJECT TO POTENTIAL AUDIT BY THE IRS AND TAXING AUTHORITIES IN NEW YORK STATE. MANAGEMENT OF THE ORGANIZATION BELIEVES THEY HAVE NO MATERIAL UNCERTAIN TAX POSITIONS AND, ACCORDINGLY, THEY HAVE NOT RECOGNIZED ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1RENTAL EXPENSES
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2RENTAL EXPENSES
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0126177
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0379500
IRS990ScheduleD/TotalExpensesPerForm990Amt047751
IRS990ScheduleD/TotalLiabilityAmt0153736
IRS990ScheduleD/TotalRevenuePerForm990Amt0334532
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0757988
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0471207
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS NO SUBCOMMITTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF THE FORM 990 IS PROVIDED TO BOARD MEMBERS PRIOR TO THE FILING WITH THE APPROPRIATE TAX AUTHORITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION CLOSELY MONITORS COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS DOCUMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4OTHER CONSULTANTS: PROGRAM SERVICE EXPENSES 3,700. MANAGEMENT AND GENERAL EXPENSES 1,299. FUNDRAISING EXPENSES 4,175. TOTAL EXPENSES 9,174.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PRIOR PERIOD ADJUSTMENT 59,683.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THIS PROCESS IS CONSISTENT WITH THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
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 IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6PART XII, LINE 2C EXPLANATION
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0BOLD CHARTER SCHOOL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0831419644
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0CHARTER SCHOOL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 2
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt01090 CLOSE AVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0BRONX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd010472
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd01
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd01
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0732000
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt193602
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0FMV
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1FMV
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0BOLD CHARTER SCHOOL
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1BOLD CHARTER SCHOOL
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0J
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1E
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt089774
IRS990/TotalAssetsEOYAmt0701300
IRS990/TotalAssetsGrp/BOYAmt089774
IRS990/TotalAssetsGrp/EOYAmt0701300
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt025985
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt06588
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt037463
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03700
IRS990/TotalFunctionalExpensesGrp/TotalAmt047751
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0174024
IRS990/TotalLiabilitiesEOYAmt0439086
IRS990/TotalLiabilitiesGrp/BOYAmt0174024
IRS990/TotalLiabilitiesGrp/EOYAmt0439086
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-84250
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0262214
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt03700
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt03
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0308544
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0334532
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt03
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt089774
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0701300
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd01
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01090 CLOSE AVE
IRS990/USAddress/CityNm0BRONX
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd010472
IRS990/VotingMembersGoverningBodyCnt03

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$701,300
Liabilities
$439,086
Net assets
$262,214
Revenue
$334,532
Expenses
$47,751
Net income
$286,781
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$9.67$7.81$1.86$0.84$0.33$0.52
2023Detailed filing. Detailed filing data is available for this year.$6.76$5.42$1.35$1.15$0.45$0.70
2022Detailed filing. Detailed filing data is available for this year.$1.16$0.51$0.64$0.45$0.27$0.17
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.56$0.08$0.47$0.38$0.17$0.21
2020Detailed filing. Detailed filing data is available for this year.$0.70$0.44$0.26$0.33$0.05$0.29
2019Summary only. Only limited summary data is available for this year.$0.09$0.17$0.02$0.11$0.08