Academic Leadership Charter School
- Assets
- $66.0m
- Revenue
- $11.3m
- Investments
- $0.0
- Employees
- 62
- Location
- Bronx, NY
- Founding
- 06/2009
- Data as of
- 06/2022
- EIN
- 26-4327125
Organization Overview
Academic Leadership Charter School is located in Bronx, NY. The organization was established in 2009. 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, Academic Leadership Charter School employed 62 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Academic Leadership 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, Academic Leadership Charter School generated $11.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $5.1m during the year ending 06/2022. While expenses have increased by 2.2% 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
OUR MISSION AT ACADEMIC LEADERSHIP CHARTER SCHOOL (ALCS) IS TO EMPOWER YOUNG LEADERS, CREATING A STUDENT BODY THAT OUTPERFORMS STATE STANDARDS ACROSS ALL SUBJECTS. WE ARE DETERMINED TO GIVE OUR PUPILS A COMPETITIVE EDGE TOWARDS HIGH SCHOOL AND BEYOND, NURTURING EXCEPTIONAL YOUTH FOR EXCEPTIONAL SUCCESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ACADEMIC LEADERSHIP CHARTER SCHOOL (ALCS) OPENED IN THE SOUTH BRONX IN SEPTEMBER OF 2009 WITH 150 KINDERGARTEN AND FIRST GRADE STUDENTS. NOW THE SCHOOL SERVED STUDENTS IN GRADES K-8. THROUGH A COMMITMENT TO BROAD-BASED EDUCATION FOR ALL STUDENTS RANGING FROM THE BASICS OF READING AND MATHEMATICS TO FINE ARTS AND TECHNOLOGY WE TEACH THE NEXT GENERATION OF COMMUNITY LEADERS. WE DEPEND ON THE FULL COMMITMENT OF OUR STUDENTS, THEIR PARENTS, OUR TEACHERS, AND THE ADMINISTRATION. THROUGH THE PARTNERSHIP OF THESE GROUPS, OUR SCHOOL PROVIDES A BETTER FUTURE FOR OUR STUDENTS, SHAPING THEM INTO INDIVIDUALS AND LEADERS IN OUR COMMUNITY. WE HAVE RECEIVED THE NATIONAL BLUE-RIBBON SCHOOL OF EXCELLENCE, ALONG WITH NEW YORK STATE AWARDS (RECOGNITION SCHOOL). THIS IS ALL THANKS TO OUR WONDERFUL TEACHERS, STAFF AND ADMINISTRATION THAT WORK TIRELESSLY TO PROVIDE A GREAT EXPERIENCE FOR YOUTH WHILE WE GROW ACADEMICALLY. WITH THIS EXCELLENT SUPPORT, CHILDREN HAVE A SAFE ENVIRONMENT FOR LEARNING, AND A SAFE ENVIRONMENT FOR PERSONAL GROWTH. WE HAVE TOPPED STATE TESTING AVERAGES BY 40% PERCENT FOR ELA AND 30% FOR MATH, ACCORDING TO THE NEW YORK STATE EDUCATION DEPARTMENT DATA FROM THE 2019 SCHOOL YEAR. WE SCORE HIGHER THAN 95% OF PUBLIC SCHOOLS IN NYS, ACCORDING TO SCHOOLDIGGER.COM, GREATSCHOOLS.ORG GIVES OUR SCHOOL A 10/10, AND WE ARE CONSIDERED A NOTEWORTHY SCHOOL BY INSIDESCHOOLS.ORG.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Norma Figueroa-Hurwitz Executive Dir. | OfficerTrustee | 40 | $290,653 |
Leena Varghese Elmt.sch.principal | 40 | $179,076 | |
Sean Blackwell Member | Trustee | 2 | $0 |
James Sander Chairman | OfficerTrustee | 2 | $0 |
Robert Ansbro Member | Trustee | 2 | $0 |
Christopher Brignola Secretary | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Peter Gisolfi Associates Construction | 6/29/22 | $527,993 |
United Health Care Health Insurance | 6/29/22 | $419,775 |
Charles Schwab 401k | 6/29/22 | $226,828 |
Domani Inspection Services Inspection | 6/29/22 | $234,593 |
D Haller Inc Construction | 6/29/22 | $130,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,491,415 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $39,684 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,491,415 |
| Total Program Service Revenue | $9,779,733 |
| Investment income | $55,497 |
| 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 | $11,326,645 |
| 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. | $561,918 |
| Compensation of current officers, directors, key employees. | $61,158 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,416,649 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $476,991 |
| Payroll taxes | $222,276 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $107,968 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $603,650 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $145,656 |
| Insurance | $65,246 |
| All other expenses | $77,238 |
| Total functional expenses | $5,124,767 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $105,833 |
| Savings and temporary cash investments | $17,897,157 |
| Pledges and grants receivable | $743,910 |
| 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 | $0 |
| Net Land, buildings, and equipment | $22,969,666 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $24,275,709 |
| Total assets | $65,992,275 |
| Accounts payable and accrued expenses | $700,949 |
| 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 | $18,330,453 |
| Other liabilities | $424,270 |
| Total liabilities | $19,455,672 |
| Net assets without donor restrictions | $46,458,040 |
| Net assets with donor restrictions | $78,563 |
| 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 | $65,992,275 |