Family Life Academy Charter School
- Assets
- $22.1m
- Revenue
- $34.7m
- Investments
- $0.0
- Employees
- 294
- Location
- Bronx, NY
- Founding
- 03/2002
- Data as of
- 06/2021
- EIN
- 13-4170389
Organization Overview
Family Life Academy Charter School is located in Bronx, NY. The organization was established in 2002. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2021, Family Life Academy Charter School employed 294 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Family Life Academy Charter School 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, Family Life Academy Charter School generated $34.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.3% each year . All expenses for the organization totaled $28.6m during the year ending 06/2021. While expenses have increased by 12.2% 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
THE FAMILY LIFE ACADEMY CHARTER SCHOOLS IN PARTNERSHIP WITH THE LATINO PASTORAL ACTION CENTER AND PARENTS, SEEKS TO EMPOWER ALL K-8 STUDENTS TO ACHIEVE HIGH STANDARDS, HELP THEM TAKE RESPONSIBILITY FOR THEIR OWN LEARNING, AND ENCOURAGE THEM TO EXPLORE AND AFFIRM HUMAN VALUES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL SERVICES IN GRADES KINDERGARTEN THROUGH GRADE 8
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marilyn Calo CEO | Officer | 50 | $206,168 |
Evelyn Castro COO | Officer | 50 | $198,352 |
Scott Quintero CFO | Officer | 50 | $176,874 |
Michael Adler Principal | 50 | $156,667 | |
Andrea Hernandez Principal | 50 | $149,748 | |
Evelyn Centeno Principal | 50 | $149,117 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cg Educational Holding Corp Rent | 6/29/21 | $2,722,867 |
Latino Pastoral Action Center Rent | 6/29/21 | $1,042,055 |
Rm Flacs Iii Ny Llc Rent | 6/29/21 | $940,265 |
140 Corp Rent | 6/29/21 | $606,519 |
Tradewinds Hvac Repairs And Maintenance | 6/29/21 | $151,548 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $180 |
| Related organizations | $0 |
| Government grants | $6,302,860 |
| All other contributions, gifts, grants, and similar amounts not included above | $411,219 |
| Noncash contributions included in lines 1a–1f | $119,427 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,714,259 |
| Total Program Service Revenue | $24,706,528 |
| Investment income | $121,297 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $34,718,608 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $678,483 |
| Compensation of current officers, directors, key employees. | $193,752 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,313,419 |
| Pension plan accruals and contributions | $269,354 |
| Other employee benefits | $1,437,728 |
| Payroll taxes | $1,196,450 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $44,379 |
| Fees for services: Accounting | $53,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $234,916 |
| Advertising and promotion | $153,442 |
| Office expenses | $303,441 |
| Information technology | $366,853 |
| Royalties | $0 |
| Occupancy | $6,346,893 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $26,153 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,001,315 |
| Insurance | $215,544 |
| All other expenses | $118,020 |
| Total functional expenses | $28,602,773 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,251 |
| Savings and temporary cash investments | $14,905,495 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,393,507 |
| 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 | $336,792 |
| Net Land, buildings, and equipment | $3,927,028 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $532,037 |
| Total assets | $22,096,110 |
| Accounts payable and accrued expenses | $2,350,881 |
| Grants payable | $0 |
| Deferred revenue | $151,437 |
| 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 | $137,688 |
| Unsecured mortgages and notes payable | $2,571,253 |
| Other liabilities | $2,538,556 |
| Total liabilities | $7,749,815 |
| Net assets without donor restrictions | $13,830,373 |
| Net assets with donor restrictions | $515,922 |
| 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 | $22,096,110 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Family Life Academy Charter School has recieved totaling $270,234.
| Awarding Organization | Amount |
|---|---|
Charter Fund Inc Broomfield, CO PURPOSE: CHARTER SCHOOL GROWTH | $250,000 |
Fordham Street Foundation New York, NY PURPOSE: FUNDING FOR GENERAL CHARITABLE OPERATIONS | $20,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $234 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ascend Charter Schools Brooklyn, NY | $45,182,055 | $130,071,368 |
Team Academy Charter School Inc Newark, NJ | $62,784,056 | $112,036,254 |
Agora Cyber Charter School King Of Prussia, PA | $29,812,274 | $123,843,368 |
Kipp Nyc Public Charter Schools Ii New York, NY | $29,013,020 | $109,312,231 |
The Academy Charter School Hempstead, NY | $181,369,373 | $54,353,660 |
Mastery Charter High School Philadelphia, PA | $43,740,057 | $52,618,647 |
Public Prep Charter School Academies Bronx, NY | $28,993,375 | $52,903,915 |
Achievement First Inc New Haven, CT | $52,811,061 | $64,422,955 |
Explore Excel Charter School Brooklyn, NY | $21,686,253 | $46,865,700 |
Brooklyn Prospect Charter School Brooklyn, NY | $14,747,543 | $42,286,541 |
Little Red School House Inc New York, NY | $50,588,811 | $36,915,940 |
Philadelphia Performing Arts A String Theory Charter School Philadelphia, PA | $27,708,411 | $43,176,770 |