Family Life Academy Charter School
- Assets
- $24.7m
- Revenue
- $37.1m
- Investments
- $0.0
- Employees
- 336
- Location
- Bronx, NY
- Founding
- 03/2002
- Data as of
- 06/2022
- 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 06/2022, Family Life Academy Charter School employed 336 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 06/2022, Family Life Academy Charter School generated $37.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.2% each year . All expenses for the organization totaled $32.1m during the year ending 06/2022. While expenses have increased by 12.2% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FAMILY LIFE ACADEMY CHARTER SCHOOLS , TOGETHER WITH THE LATINO PASTORAL ACTION CENTER AND PARENTS, CREATES THE CONDITIONS FOR SELF EMPOWERMENT FOR ALL ITS K-12 STUDENTS TO EXCEL ACADEMICALLY, TAKE RESPONSIBILITY FOR THEIR OWN LEARNING, AND AFFIRM HUMAN VALUES, TODAY, IN COLLEGE, AND BEYOND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL SERVICES IN GRADES KINDERGARTEN THROUGH GRADE 12.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Miguel Pena Chairman | OfficerTrustee | 1 | $0 |
Susana Rivera-Leon Vice Chair | OfficerTrustee | 1 | $0 |
Pedro Alvarez Treasurer | OfficerTrustee | 1 | $0 |
Hilda Sanchez Secretary | OfficerTrustee | 1 | $0 |
Bryan Rivera Trustee | Trustee | 1 | $0 |
Florence Wolpoff Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Latino Pastoral Action Center Rent | 6/29/22 | $1,049,974 |
Highbridge Facilities Llc Rent | 6/29/22 | $3,687,399 |
140 Corp Rent | 6/29/22 | $630,780 |
Tradewinds Hvac Repairs & Maintenance | 6/29/22 | $223,889 |
Monarch Surveillance System Installation | 6/29/22 | $117,520 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $505 |
| Related organizations | $0 |
| Government grants | $9,426,388 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,666,498 |
| Noncash contributions included in lines 1a–1f | $111,688 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,093,391 |
| Total Program Service Revenue | $24,922,929 |
| Investment income | $74,365 |
| 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 | $37,090,685 |
| 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. | $691,709 |
| Compensation of current officers, directors, key employees. | $208,069 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,438,630 |
| Pension plan accruals and contributions | $306,868 |
| Other employee benefits | $2,903,610 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $45,911 |
| Fees for services: Accounting | $55,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,507,157 |
| Advertising and promotion | $303,985 |
| Office expenses | $625,234 |
| Information technology | $364,774 |
| Royalties | $0 |
| Occupancy | $5,807,593 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,042,324 |
| Insurance | $255,095 |
| All other expenses | $220,509 |
| Total functional expenses | $32,086,695 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,251 |
| Savings and temporary cash investments | $15,871,795 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,132,797 |
| 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 | $540,168 |
| Net Land, buildings, and equipment | $3,600,431 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $526,037 |
| Total assets | $24,672,479 |
| Accounts payable and accrued expenses | $2,455,848 |
| Grants payable | $0 |
| Deferred revenue | $196,489 |
| 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 | $53,843 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,616,014 |
| Total liabilities | $5,322,194 |
| Net assets without donor restrictions | $18,941,895 |
| Net assets with donor restrictions | $408,390 |
| 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 | $24,672,479 |