Civic Intelligence

The Equity Project Charter School

990 • Fiscal year 2015 • EIN 90-0354470

Jul 01, 2014 to Jun 30, 2015 • Filed on May 11, 2016

549 Audubon Avenue Trailer 30New York, NY 10040

(646) 254-6451

Siviq Scores

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

Liabilities / Assets

27th percentile

0.07x

Higher debt load relative to assets than 27% of similar nonprofits.

2015 filings • NTEE B • $10M-$25M nonprofits • Source year 2015

Liabilities / Revenue

21st percentile

0.06x

Higher debt load relative to revenue than 21% of similar nonprofits.

2015 filings • NTEE B • $10M-$25M nonprofits • Source year 2015

Net Margin

89th percentile

36%

Higher net margin than 89% of similar nonprofits.

2015 filings • NTEE B • $10M-$25M nonprofits • Source year 2015

Top Officer Pay

44th percentile

$146,461

Higher top officer pay than 44% of similar nonprofits.

Top officer pay equals 1.2% of source-year revenue.

2015 filings • NTEE B • $10M-$25M nonprofits • Source year 2015

Asset Growth

92nd percentile

79%

Faster asset growth than 92% of similar nonprofits.

2015 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2014 to 2015

Revenue Growth

84th percentile

41%

Faster revenue growth than 84% of similar nonprofits.

2015 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2014 to 2015

Assets

Up

$9,853,513

Up $4,338,669 (+79%) from 2014

Net Assets

Up

$9,191,953

Up $4,295,231 (+88%) from 2014

Liabilities

Up

$661,560

Up $43,438 (+7.0%) from 2014

Revenue

Up

$11,831,539

Up $3,461,399 (+41%) from 2014

Expenses

Up

$7,536,308

Up $160,899 (+2.2%) from 2014

Net Income

Up

$4,295,231

Up $3,300,500 (+332%) from 2014

Historical Trend

Balance Sheet Trend

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

$60M$40M$20M$0Assets 2010: $872,064Liabilities 2010: $342,089Net Assets 2010: $529,9752010Assets 2011: $2,438,567Liabilities 2011: $490,927Net Assets 2011: $1,947,6402011Assets 2012: $3,122,462Liabilities 2012: $430,261Net Assets 2012: $2,692,2012012Assets 2013: $4,501,262Liabilities 2013: $599,271Net Assets 2013: $3,901,9912013Assets 2014: $5,514,844Liabilities 2014: $618,122Net Assets 2014: $4,896,7222014Assets 2015: $9,853,513Liabilities 2015: $661,560Net Assets 2015: $9,191,9532015Assets 2016: $12,614,076Liabilities 2016: $952,457Net Assets 2016: $11,661,6192016Assets 2017: $14,504,348Liabilities 2017: $3,271,837Net Assets 2017: $11,232,5112017Assets 2018: $14,037,943Liabilities 2018: $3,759,471Net Assets 2018: $10,278,4722018Assets 2019: $14,584,274Liabilities 2019: $4,110,808Net Assets 2019: $10,473,4662019Assets 2020: $16,075,526Liabilities 2020: $5,858,649Net Assets 2020: $10,216,8772020Assets 2021: $16,389,724Liabilities 2021: $5,587,041Net Assets 2021: $10,802,6832021Assets 2022: $16,781,365Liabilities 2022: $2,516,124Net Assets 2022: $14,265,2412022Assets 2023: $51,606,413Liabilities 2023: $36,748,957Net Assets 2023: $14,857,4562023Assets 2024: $27,492,634Liabilities 2024: $18,935,541Net Assets 2024: $8,557,0932024

Highlighted filing

2015

Assets$9,853,513
Liabilities$661,560
Net Assets$9,191,953

Operations Trend

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

$40M$20M$0-$20MExpenses 2010: $2,292,1342010Revenue 2011: $5,353,030Expenses 2011: $3,935,365Net Income 2011: $1,417,6652011Expenses 2012: $5,672,5772012Expenses 2013: $7,125,8892013Revenue 2014: $8,370,140Expenses 2014: $7,375,409Net Income 2014: $994,7312014Revenue 2015: $11,831,539Expenses 2015: $7,536,308Net Income 2015: $4,295,2312015Revenue 2016: $10,812,098Expenses 2016: $8,304,782Net Income 2016: $2,507,3162016Revenue 2017: $14,606,151Expenses 2017: $15,035,259Net Income 2017: -$429,1082017Revenue 2018: $15,082,797Expenses 2018: $16,031,862Net Income 2018: -$949,0652018Revenue 2019: $18,675,378Expenses 2019: $18,480,384Net Income 2019: $194,9942019Revenue 2020: $21,786,393Expenses 2020: $22,040,784Net Income 2020: -$254,3912020Revenue 2021: $23,725,207Expenses 2021: $23,139,401Net Income 2021: $585,8062021Revenue 2022: $28,143,929Expenses 2022: $24,669,981Net Income 2022: $3,473,9482022Revenue 2023: $26,715,118Expenses 2023: $25,847,903Net Income 2023: $867,2152023Revenue 2024: $28,409,479Expenses 2024: $34,684,432Net Income 2024: -$6,274,9532024

Highlighted filing

2015

Revenue$11,831,539
Expenses$7,536,308
Net Income$4,295,231
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
May 11, 2016
Return Version
2014v6.0
Gross Receipts
$11,831,539
Mission and Program Overview

Mission

The equity project charter school (the "school") is a school serving kg, 1st, 2nd, 5th, 6th, 7th, and 8th grades in the washington heights neighborhood of new york city. The school believes that teacher quality is the most important factor in achieving educational equity for low income students. Spurred by this belief, the school reallocates its public funds by making an unprecedented investment in attracting and retaining great teachers.

Providing a high quality education to low income students.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$2,305,174$5,633,300▲ $3,328,126
Other Notes and Loans Receivable, Net$1,976,577$3,012,322▲ $1,035,745
Land, Buildings, and Equipment, Net$451,405$425,479▼ $25,926
Pledges and Grants Receivable$104,532$353,667▲ $249,135
Cash and Non-Interest-Bearing Accounts$532,985$304,556▼ $228,429
Prepaid Expenses and Deferred Charges$54,615$45,274▼ $9,341
Accounts Receivable$13,988$3,034▼ $10,954
Total Assets$5,514,844$9,853,513▲ $4,338,669
Other Assets Total$75,568$75,881▲ $313
Liabilities
Accounts Payable and Accrued Expenses$604,595$649,684▲ $45,089
Deferred Revenue$13,527$11,876▼ $1,651
Total Liabilities$618,122$661,560▲ $43,438
Net Assets / Fund Balance
Unrestricted Net Assets$4,896,722$9,191,953▲ $4,295,231
Total Net Assets Fund Balance$4,896,722$9,191,953▲ $4,295,231
Total Liabilities and Net Assets / Fund Balance$5,514,844$9,853,513▲ $4,338,669

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$247,643$333,836$581,479
Other Land Buildings$84,700$372,156$456,856
Leasehold Improvements$93,136$63,262$156,398
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Casey AshAssistant Principal and 8th Grade TeacherFT$128,868$17,593$146,461
Joseph Carbone5th Grade TeacherFT$135,067$10,621$145,688
Jason Skeeter5th Grade TeacherFT$135,054$7,146$142,200
Benjamin Eller7th Grade TeacherFT$133,991$6,871$140,862
Kristen Vanollefen5th Grade TeacherFT$133,497$6,871$140,368
Shelly GuptaDirector of Finance and OperationsFT$117,699$4,112$121,811
Zeke VanderhoekPrincipal and FounderFT$79,391$16,556$95,947

Board Members and Trustees

NameTitle
David ColemanPresident
Laura TavorminaVice President/treasurer
Brooks ClarkTrustee
Nicole Rodriguez LeachTrustee
Crystal HarmonSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$3,851,056
Program Service Revenue
$7,936,801
Investment Income
$17,317
Other Revenue
$26,365
All Other Contributions
$3,271,878
Change in Net Assets
$4,295,231

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
Yes

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded3$97,331Fair Market Value
Total Noncash Contributions3$97,331-

Audited Revenue Reconciliation

Revenue per Audited Statements
$11,831,539
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$11,831,539
Total Revenue per Form 990
$11,831,539
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$6,086,939
Other Expenses$1,442,904
Total Fundraising Expense$103,771
Professional Fundraising Fees$6,465
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,504,275$430,725$76,882$5,011,882
Payroll Taxes$411,508$39,351$7,024$457,883
Other Employee Benefits$298,563$28,549$5,096$332,208
Current Officers, Directors, Trustees, and Key Employees$213,627$20,429$3,646$237,702
Depreciation Depletion$182,866$20,607-$203,473
Fees for Services Other$145,855$28,698-$174,553
Office Expenses$143,646$13,734$2,452$159,832
Information Technology$85,384$8,167$1,457$95,008
Occupancy$61,774$6,963-$68,737
Insurance$44,037$4,963-$49,000
Pension Plan Contributions$42,477$4,062$725$47,264
Other Expenses$19,611$2,211-$21,822
Fees for Services Accounting-$20,250-$20,250
All Other Expenses$10,916$1,736$24$12,676
Fees for Services Professional Fundraising--$6,465$6,465
Total Functional Expenses$6,791,513$641,024$103,771$7,536,308

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$7,536,308
Total Expenses per Audited Statements$7,536,308
Total Expenses per Form 990$7,536,308
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$6,465
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
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
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 11

Form 990 is reviewed by management and the finance and audit committee of the board of trustees for approval. If changes are required the school will then forward to the auditing firm and a final version will be distributed to all board members prior to the irs submission.

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

The school shares its conflict of interest policy with board members and officers as part of their regular meetings. Officers, directors, and key employees are expected to declare if at any point a conflict of interest arises. In addition, the board of trustees sign an annual conflict of interest disclosure form.

Form 990, Part VI, Section B, Line 15

Comparable data is used by the board when determining the compensation of officers and key employees.

Form 990, Part VI, Section C, Line 19

Upon request, the school makes available to the public its governing documents, conflict of interest, and financial statements.

Filing and Contact Details

Filer

Filer Name
The Equity Project Charter School
EIN
90-0354470
Phone
6462546451
Address
549 AUDUBON AVENUE TRAILER 30, NEW YORK, NY 10040

Signing Officer

Name
Zeke Vanderhoek
Title
Principal and Founder
Phone
6462546451
Signed
2016-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Zeke Vanderhoek
Formed
2008
Legal Domicile
Ny
Voting Board Members
6
Independent Board Members
5
Employees
188
Volunteers
0

Preparer

Firm
Fruchter Rosen & Co Pc
Address
156 WEST 56TH STREET STE 1804, NEW YORK, NY 10019
Preparer
Gus Saliba
Phone
2129573600
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, FINANCIAL STATEMENTS AND REPORTING, LINE 2C:

The school has a finance and audit committee that is responsible for oversight of the audit and selection of the independent auditor.

Financial Statement Notes

PART X, LINE 2:

The school's accounting policy provides that a tax expense or benefit from an uncertain tax position may be recognized when it is more likely than not that the position will be sustained upon examination, including resolutions of any related appeals or litigation processes, based on the technical merits. The school has no uncertain tax position resulting in an accrual of tax expense or benefit.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRINCIPAL AND FOUNDER
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDENT/TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR OF FINANCE AND OPERATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt75TH GRADE TEACHER
IRS990/Form990PartVIISectionAGrp/TitleTxt87TH GRADE TEACHER
IRS990/Form990PartVIISectionAGrp/TitleTxt95TH GRADE TEACHER
IRS990/Form990PartVIISectionAGrp/TitleTxt105TH GRADE TEACHER
IRS990/Form990PartVIISectionAGrp/TitleTxt11ASSISTANT PRINCIPAL AND 8TH GRADE TEACHER
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IRS990/InsuranceGrp/ManagementAndGeneralAmt04963
IRS990/InsuranceGrp/ProgramServicesAmt044037
IRS990/InsuranceGrp/TotalAmt049000
IRS990/InvestmentIncomeGrp/ExclusionAmt017317
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt017317
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt011
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0769254
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0451405
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0425479
IRS990/LandBldgEquipCostOrOtherBssAmt01194733
IRS990/LegalDomicileStateCd0NY
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE EQUITY PROJECT CHARTER SCHOOL (THE "SCHOOL") OPERATES AS A MIDDLE SCHOOL IN THE WASHINGTON HEIGHTS NEIGHBORHOOD OF NEW YORK CITY. THE SCHOOL BELIEVES THAT TEACHER QUALITY IS THE MOST IMPORTANT FACTOR IN ACHIEVING EDUCATIONAL EQUITY FOR LOW INCOME STUDENTS. SPURRED BY THIS BELIEF, THE SCHOOL REALLOCATES ITS PUBLIC FUNDS BY MAKING AN UNPRECEDENTED INVESTMENT IN ATTRACTING AND RETAINING GREAT TEACHERS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt04896722
IRS990/NetAssetsOrFundBalancesEOYAmt09191953
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoncashContributionsAmt097331
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt06963
IRS990/OccupancyGrp/ProgramServicesAmt061774
IRS990/OccupancyGrp/TotalAmt068737
IRS990/OfficeExpensesGrp/FundraisingAmt02452
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt013734
IRS990/OfficeExpensesGrp/ProgramServicesAmt0143646
IRS990/OfficeExpensesGrp/TotalAmt0159832
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt075568
IRS990/OtherAssetsTotalGrp/EOYAmt075881
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt05096
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt028549
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0298563
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0332208
IRS990/OtherExpensesGrp/Desc0CURRICULUM AND CLASSROO
IRS990/OtherExpensesGrp/Desc1TEACHER AND STUDENT REC
IRS990/OtherExpensesGrp/Desc2STUDENT FIELD TRIPS
IRS990/OtherExpensesGrp/Desc3SPECIAL EVENTS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt010579
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt12211
IRS990/OtherExpensesGrp/ProgramServicesAmt0493479
IRS990/OtherExpensesGrp/ProgramServicesAmt193865
IRS990/OtherExpensesGrp/ProgramServicesAmt239630
IRS990/OtherExpensesGrp/ProgramServicesAmt319611
IRS990/OtherExpensesGrp/TotalAmt0493479
IRS990/OtherExpensesGrp/TotalAmt1104444
IRS990/OtherExpensesGrp/TotalAmt239630
IRS990/OtherExpensesGrp/TotalAmt321822
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt026365
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt026365
IRS990/OtherRevenueTotalAmt026365
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt076882
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0430725
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt04504275
IRS990/OtherSalariesAndWagesGrp/TotalAmt05011882
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt01976577
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt03012322
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt07024
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt039351
IRS990/PayrollTaxesGrp/ProgramServicesAmt0411508
IRS990/PayrollTaxesGrp/TotalAmt0457883
IRS990/PensionPlanContributionsGrp/FundraisingAmt0725
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt04062
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt042477
IRS990/PensionPlanContributionsGrp/TotalAmt047264
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0104532
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0353667
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt054615
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt045274
IRS990/PrincipalOfficerNm0ZEKE VANDERHOEK
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0GOV'T PER-PUPIL REV.
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt07936801
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt07936801
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0477947
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt05275
IRS990/PYOtherExpensesAmt01617147
IRS990/PYOtherRevenueAmt023377
IRS990/PYProgramServiceRevenueAmt07863541
IRS990/PYRevenuesLessExpensesAmt0994731
IRS990/PYSalariesCompEmpBnftPaidAmt05749292
IRS990/PYTotalExpensesAmt07375409
IRS990/PYTotalProfFndrsngExpnsAmt08970
IRS990/PYTotalRevenueAmt08370140
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt04295231
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt07936801
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02305174
IRS990/SavingsAndTempCashInvstGrp/EOYAmt05633300
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/BookValueAmt0247643
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0333836
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0581479
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt07536308
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt093136
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt063262
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0156398
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt084700
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0372156
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0456856
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt011831539
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL'S ACCOUNTING POLICY PROVIDES THAT A TAX EXPENSE OR BENEFIT FROM AN UNCERTAIN TAX POSITION MAY BE RECOGNIZED WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION, INCLUDING RESOLUTIONS OF ANY RELATED APPEALS OR LITIGATION PROCESSES, BASED ON THE TECHNICAL MERITS. THE SCHOOL HAS NO UNCERTAIN TAX POSITION RESULTING IN AN ACCRUAL OF TAX EXPENSE OR BENEFIT.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0425479
IRS990ScheduleD/TotalExpensesPerForm990Amt07536308
IRS990ScheduleD/TotalRevenuePerForm990Amt011831539
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt011831539
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt07536308
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL INCLUDES A NONDISCRIMINATORY POLICY IN ITS PUBLICATION MATERIAL USED TO INFORM THE LOCAL COMMUNITY.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL RECEIVES PER PUPIL FUNDING FROM THE NYC BOARD OF EDUCATION UNDER THEIR CHARTER AGREEMENT. THE SCHOOL ALSO RECEIVES VARIOUS FEDERAL, STATE, AND CITY FUNDS INCLUDING FEDERAL ENTITLEMENTS TO ASSIST WITH COVERING THE COST OF CERTAIN PROGRAMS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/ContributionCnt03
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/MethodOfDeterminingRevenuesTxt0FAIR MARKET VALUE
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NonCashCheckboxInd0X
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NoncashContributionsRptF990Amt097331
IRS990ScheduleM/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL HAS A TRADING ACCOUNT WITH TD AMERITRADE WHICH IS USED TO RECEIVE THE STOCK DONATIONS AND THEN SELL THE STOCKS.
IRS990ScheduleM/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 32B:
IRS990ScheduleM/ThirdPartiesUsedInd01
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS REVIEWED BY MANAGEMENT AND THE FINANCE AND AUDIT COMMITTEE OF THE BOARD OF TRUSTEES FOR APPROVAL. IF CHANGES ARE REQUIRED THE SCHOOL WILL THEN FORWARD TO THE AUDITING FIRM AND A FINAL VERSION WILL BE DISTRIBUTED TO ALL BOARD MEMBERS PRIOR TO THE IRS SUBMISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL SHARES ITS CONFLICT OF INTEREST POLICY WITH BOARD MEMBERS AND OFFICERS AS PART OF THEIR REGULAR MEETINGS. OFFICERS, DIRECTORS, AND KEY EMPLOYEES ARE EXPECTED TO DECLARE IF AT ANY POINT A CONFLICT OF INTEREST ARISES. IN ADDITION, THE BOARD OF TRUSTEES SIGN AN ANNUAL CONFLICT OF INTEREST DISCLOSURE FORM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPARABLE DATA IS USED BY THE BOARD WHEN DETERMINING THE COMPENSATION OF OFFICERS AND KEY EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3UPON REQUEST, THE SCHOOL MAKES AVAILABLE TO THE PUBLIC ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST, AND FINANCIAL STATEMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE SCHOOL HAS A FINANCE AND AUDIT COMMITTEE THAT IS RESPONSIBLE FOR OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT AUDITOR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, FINANCIAL STATEMENTS AND REPORTING, LINE 2C:
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$27.5$18.9$8.56$28.4$34.7$6.27
2023Detailed filing. Detailed filing data is available for this year.$51.6$36.7$14.9$26.7$25.8$0.87
2022Detailed filing. Detailed filing data is available for this year.$16.8$2.52$14.3$28.1$24.7$3.47
2021Detailed filing. Detailed filing data is available for this year.$16.4$5.59$10.8$23.7$23.1$0.59
2020Detailed filing. Detailed filing data is available for this year.$16.1$5.86$10.2$21.8$22.0$0.25
2019Detailed filing. Detailed filing data is available for this year.$14.6$4.11$10.5$18.7$18.5$0.19
2018Detailed filing. Detailed filing data is available for this year.$14.0$3.76$10.3$15.1$16.0$0.95
2017Detailed filing. Detailed filing data is available for this year.$14.5$3.27$11.2$14.6$15.0$0.43
2016Detailed filing. Detailed filing data is available for this year.$12.6$0.95$11.7$10.8$8.30$2.51
2015Detailed filing. Detailed filing data is available for this year.$9.85$0.66$9.19$11.8$7.54$4.30
2014Detailed filing. Detailed filing data is available for this year.$5.51$0.62$4.90$8.37$7.38$0.99
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.50$0.60$3.90$7.13
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.12$0.43$2.69$5.67
2011Summary only. Only limited summary data is available for this year.$2.44$0.49$1.95$5.35$3.94$1.42
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.87$0.34$0.53$2.29