Pave Academy Charter School
- Assets
- $8.6m
- Revenue
- $12.0m
- Investments
- $0.0
- Employees
- 96
- Location
- Brooklyn, NY
- Founding
- 12/2008
- Data as of
- 06/2022
- EIN
- 26-2272858
Organization Overview
Pave Academy Charter School is located in Brooklyn, NY. The organization was established in 2008. 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, Pave Academy Charter School employed 96 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pave 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, Pave Academy Charter School generated $12.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $10.1m during the year ending 06/2022. While expenses have increased by 2.8% per year over the past 8 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
TO PREPARE STUDENTS TO THRIVE IN COMPETITIVE HIGH SCHOOLS AND FOUR YEAR COLLEGES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SCHOOL PROVIDED EDUCATION TO APPROXIMATELY 463 STUDENTS IN RED HOOK, BROOKLYN, NEW YORK, IN GRADES KINDERGARTEN THROUGH EIGHTH GRADE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michelle Cook Elementary School Principal | Officer | 45 | $135,729 |
Darren Horn Director Of Stem | 45 | $141,380 | |
Harold Turner Middle School Principal | Officer | 45 | $136,988 |
Dawn Antoine K-8 Director Of Operations | 45 | $101,609 | |
Miriam Barry Literacy Specialist | Officer | 45 | $114,898 |
Marsha Gadsden Executive Director | 45 | $108,952 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Butterbeans Inc School Food Provider | 6/29/22 | $345,958 |
Signature Cleaning Services Cleaning Services | 6/29/22 | $267,903 |
It Takes A Village Youth Services Student Services & Programming | 6/29/22 | $157,636 |
Fusco Management Facilities Management | 6/29/22 | $166,012 |
Onpa Solutions Inc Financial Management | 6/29/22 | $138,160 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,499,246 |
| Investment income | $47 |
| 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 | $11,963,319 |
| Statement of Expenses | |
|---|---|
| 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. | $426,517 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,196,600 |
| Pension plan accruals and contributions | $58,209 |
| Other employee benefits | $924,597 |
| Payroll taxes | $446,632 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $292 |
| Fees for services: Accounting | $48,244 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,116,125 |
| Advertising and promotion | $92,877 |
| Office expenses | $185,204 |
| Information technology | $135,770 |
| Royalties | $0 |
| Occupancy | $304,945 |
| Travel | $852 |
| 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 | $212,123 |
| Insurance | $37,684 |
| All other expenses | $0 |
| Total functional expenses | $10,138,483 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,120,455 |
| Savings and temporary cash investments | $76,498 |
| Pledges and grants receivable | $1,119,241 |
| Accounts receivable, net | $352 |
| 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 | $85,294 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,621,008 |
| Accounts payable and accrued expenses | $518,164 |
| 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 | $0 |
| Total liabilities | $518,164 |
| Net assets without donor restrictions | $7,977,204 |
| Net assets with donor restrictions | $125,640 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $8,102,844 |