Beginning With Children Foundation Inc
- Assets
- $16.8m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 64
- Location
- Brooklyn, NY
- Founding
- 10/1992
- Data as of
- 06/2021
- EIN
- 13-3593810
Organization Overview
Beginning With Children Foundation Inc is located in Brooklyn, NY. The organization was established in 1992. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2021, Beginning With Children Foundation Inc employed 64 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Beginning With Children Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Beginning With Children Foundation Inc generated $3.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.4% each year . All expenses for the organization totaled $3.7m during the year ending 06/2021. While expenses have increased by 8.5% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE PUBLIC EDUCATION OPPORTUNITIES OF URBAN CHILDREN IN NY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BEGINNING WITH CHILDREN FOUNDATION. INC. (BWCF) SUPPORTS ITS TWO PARTNER CHARTER SCHOOLS IN DEVELOPING AND SUSTAINING THE PROGRAMS AND PROFESSIONALS NECESSARY TO DELIVER THE BWCF MODEL WITH EFFICIENT BACK-OFFICE SUPPORT THAT ALLOWS EDUCATORS TO MAXIMIZE THEIR TIME FOCUSED ON PROVIDING QUALITY EDUCATION TO URBAN CHILDREN IN NEW YORK.
THE LEGACY NETWORK AND FAMILY OUTREACH PROGRAM PROVIDED ONGOING EDUCATIONAL AND CAREER GUIDANCE AND OUTREACH FOR GRADUATES OF ITS PARTNER SCHOOLS.
THE OUTREACH, PUBLIC COMMUNICATIONS AND NEW SCHOOL DEVELOPMENT PROGRAM ENSURES THE START-UP OF NEW CHARTER SCHOOLS AND THE ACCURATE PRESENTATION OF OUR CHARTER SCHOOL MODELS TO THE COMMUNITIES THEY SERVE AS WELL AS THE GENERAL PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Geraldeen Licurse CFO | Officer | 40 | $203,480 |
Amy Kolz President Of Schools | Officer | 40 | $186,000 |
Esosa Ogbahon Managing Director Of Teaching & Learning | Officer | 40 | $170,000 |
Brian Stemmer Controller | 40 | $136,027 | |
Jennella Young Chief Program Officer | 40 | $130,881 | |
Gregory Whitten External And Legal Affairs | 40 | $111,014 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $340,770 |
| Related organizations | $0 |
| Government grants | $304,180 |
| All other contributions, gifts, grants, and similar amounts not included above | $743,160 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,388,110 |
| Total Program Service Revenue | $1,704,973 |
| Investment income | $71,895 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $763,751 |
| Net Gain/Loss on Asset Sales | $6,531 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,935,260 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $422,757 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $559,480 |
| Compensation of current officers, directors, key employees. | $49,996 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,159,243 |
| Pension plan accruals and contributions | $116,432 |
| Other employee benefits | $141,319 |
| Payroll taxes | $123,233 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,037 |
| Fees for services: Accounting | $26,847 |
| Fees for services: Lobbying | $48,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $163,626 |
| Advertising and promotion | $0 |
| Office expenses | $5,837 |
| Information technology | $55,298 |
| Royalties | $0 |
| Occupancy | $332,320 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $30,719 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $176,684 |
| Insurance | $88,248 |
| All other expenses | $0 |
| Total functional expenses | $3,674,618 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,572,005 |
| Savings and temporary cash investments | $938,786 |
| Pledges and grants receivable | $26,515 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $39,666 |
| Net Land, buildings, and equipment | $9,069,312 |
| Investments—publicly traded securities | $4,974,651 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $178,070 |
| Total assets | $16,799,005 |
| Accounts payable and accrued expenses | $237,380 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $105,682 |
| Total liabilities | $343,062 |
| Net assets without donor restrictions | $14,192,943 |
| Net assets with donor restrictions | $2,263,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $16,799,005 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Beginning With Children Foundation Inc has recieved totaling $520,005.
| Awarding Organization | Amount |
|---|---|
Pumpkin Foundation Fisher Island, FL PURPOSE: GENERAL | $250,000 |
Galashiels Fund Ltd Northbrook, IL PURPOSE: ANNUAL SUPPORT | $250,000 |
Gerald L Lennard Foundation Inc Wilmington, DE PURPOSE: NEW HIGH SCHOOL KITCHEN BUILD OUT FUND | $20,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Endowment Analysis
| Beg. Balance | $2,125,000 |
| Ending Balance | $2,125,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John A Coleman School Yonkers, NY | $5,649,439 | $19,245,814 |
Halo Network Inc Amityville, NY | $5,984,377 | $20,823,404 |
Ascend Learning Inc Brooklyn, NY | $10,949,837 | $20,246,927 |
Pike School Inc Andover, MA | $31,746,911 | $18,230,890 |
Lindley Academy Charter School At Birney Philadelphia, PA | $8,724,796 | $15,521,412 |
Workforce Development Corp New York, NY | $20,852,099 | $12,566,315 |
International School Of Brooklyn Brooklyn, NY | $6,521,944 | $15,095,239 |
Watershed Agricultural Council Of The New York City Watersheds Inc Walton, NY | $8,601,609 | $14,819,769 |
North Atlantic States Carpenters Labor Management Program Boston, MA | $29,841,142 | $12,688,057 |
Purpose Foundation Island Park, NY | $1,585,866 | $11,041,724 |
Tech Impact Philadelphia, PA | $10,895,345 | $15,289,025 |
Tikva Corp West Caldwell, NJ | $10,446,184 | $12,711,125 |