Bronx Academy Of Promise Charter School
- Assets
- $12.8m
- Revenue
- $12.4m
- Investments
- $0.0
- Employees
- 101
- Location
- Bronx, NY
- Founding
- 12/2010
- Data as of
- 06/2021
- EIN
- 26-2531307
Organization Overview
Bronx Academy Of Promise Charter School is located in Bronx, NY. The organization was established in 2010. 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, Bronx Academy Of Promise Charter School employed 101 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bronx Academy Of Promise 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, Bronx Academy Of Promise Charter School generated $12.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $11.7m during the year ending 06/2021. While expenses have increased by 5.3% 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 INCREASE LEARNING OPPORTUNITIES FOR STUDENTS THROUGH INNOVATIVE EDUCATIONAL PROGRAMS AND TO ENABLE PARENTS TO BE MORE INVOLVED IN THEIR CHILDREN'S EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BRONX ACADEMY OF PROMISE PRIDES ITSELF ON THE ABILITY TO PRODUCE HIGH QUALITY EDUCATION THAT RAISES STUDENT ACHIEVEMENT BOTH ACADEMICALLY AS WELL AS SOCIALLY. AS A RESULT OF THE PANDEMIC, BAOP VOTED UNANIMOUSLY TO ADOPT A FULLY REMOTE LEARNING MODEL FOR THE ENTIRE 2020-2021 SCHOOL YEAR. BAOP BELIEVES THAT CONSISTENCY, COLLABORATION AND SMALL INDIVIDUALIZED INSTRUCTION IS WHAT IS BEST FOR OUR STUDENTS. WE INVESTED IN TECHNOLOGY WHICH ALLOWED US TO REACH A 1:1 RATIO OF DEVICES TO STUDENTS IN OUR SCHOOL. EACH STUDENT WAS ABLE TO HAVE A DEVICE TO LOG ONTO VIRTUAL LEARNING, WORK WITH THEIR TEACHERS AND SUBMIT WORK. WE COLLABORATED WITH THE STAFF TO MAKE SURE STUDENTS WERE RECEIVING SMALL GROUP INSTRUCTION THROUGH VIRTUAL LEARNING. WE ALSO COMMITTED TO SUPPORTING STAFF AND STUDENTS MENTAL HEALTH/SOCIAL EMOTIONAL LEARNING BY CREATING DAILY CHECK-INS CALLED "MORNING MEETINGS AND "CLOSING CIRCLES." IN ADDITION, THE SCHOOL'S DAILY ATTENDANCE RATE REMAINED AT OVER 95% THROUGHOUT THIS REMOTE LEARNING PERIOD DUE TO THE COMMITMENT OF ALL STAFF MEMBERS TO HELP SUPPORT THE EDUCATIONAL PROGRAM AND CONTINUE THE CONNECTION BETWEEN HOME AND SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Denise Schiraldi Principal | Officer | 40 | $178,572 |
Aldrina Arshravan Math Specialist | 40 | $132,986 | |
Nancy Jimenez Ela Coach | 40 | $120,986 | |
Glenn Corwin Special Education Coordinator | 40 | $117,065 | |
Nicholas Mark Parrino Dean | 40 | $106,513 | |
Agatha Akyere Vice Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Inwood Capital Group Rent | 6/29/21 | $1,459,965 |
Us Foods Food Service | 6/29/21 | $102,257 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $943,238 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,380 |
| Noncash contributions included in lines 1a–1f | $47,421 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $944,618 |
| Total Program Service Revenue | $11,406,734 |
| Investment income | $14,772 |
| 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 | $12,366,124 |
| 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. | $206,273 |
| Compensation of current officers, directors, key employees. | $48,506 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,072,039 |
| Pension plan accruals and contributions | $246,727 |
| Other employee benefits | $1,175,798 |
| Payroll taxes | $463,746 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $22,340 |
| Fees for services: Accounting | $185,282 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $704,417 |
| Advertising and promotion | $52,183 |
| Office expenses | $179,202 |
| Information technology | $94,224 |
| Royalties | $0 |
| Occupancy | $1,694,903 |
| 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 | $82,107 |
| Insurance | $72,712 |
| All other expenses | $53,063 |
| Total functional expenses | $11,709,652 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,162,788 |
| Savings and temporary cash investments | $4,628,199 |
| Pledges and grants receivable | $809,310 |
| 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 | $250,803 |
| Net Land, buildings, and equipment | $348,149 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,610,815 |
| Total assets | $12,810,064 |
| Accounts payable and accrued expenses | $1,282,047 |
| 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 | $2,028,947 |
| Total liabilities | $3,310,994 |
| Net assets without donor restrictions | $9,499,070 |
| Net assets with donor restrictions | $0 |
| 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 | $12,810,064 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Bronx Academy Of Promise Charter School has recieved totaling $182.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $182 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
True North Rochester Preparatorycharter School Rochester, NY | $31,478,453 | $41,687,630 |
Classical Charter Schools Bronx, NY | $15,984,342 | $34,614,781 |
Bronx Charter School For Excellence Bronx, NY | $63,378,035 | $40,736,120 |
Avon Grove Charter School West Grove, PA | $50,579,082 | $34,467,872 |
Science Academies Of New York Charter Schools Syracuse, NY | $37,462,091 | $36,615,185 |