Building Responsible Intelligent Creative Kids
- Assets
- $7.2m
- Revenue
- $5.4m
- Investments
- $0.0
- Employees
- 49
- Location
- Newark, NJ
- Founding
- 06/2010
- Data as of
- 06/2022
- EIN
- 27-0820249
Organization Overview
Building Responsible Intelligent Creative Kids, operating under the name Brick Academy, is located in Newark, NJ. The organization was established in 2010. According to its NTEE Classification (B02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Education and related organizations. As of 06/2022, Brick Academy employed 49 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brick Academy 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, Brick Academy generated $5.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.0% each year . All expenses for the organization totaled $5.6m during the year ending 06/2022. While expenses have increased by 18.1% 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
BRICK'S MISSION: THE BRICK EDUCATION NETWORK'S MISSION IS TO RELENTLESSLY KNOCK DOWN ALL BARRIERS TO STUDENTS' ACADEMIC SUCCESS. OUR INNOVATIVE MODEL ALIGNS AN INDIVIDUALIZED EXCELLENT EDUCATION WITH THE NECESSARY FAMILY SUPPORTS TO MAKE SURE EACH AND EVERY CHILD CAN SUCCEED.BRICK'S OVERVIEW: BRICK AIMS TO BUILD PATHS OF OPPORTUNITY FOR FAMILIES LIVING IN UNDERSERVED COMMUNITIES WITH AN INITIAL FOCUS ON NEWARK BY BUILDING A COMPREHENSIVE APPROACH TO ELIMINATE ACADEMIC ACHIEVEMENT GAPS, HOUSING INSECURITY, HEALTH INEQUITY, HUNGER AND OTHER SYSTEMIC ISSUES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BRICK'S UNIQUE APPROACH TO TRANSFORMING PUBLIC EDUCATION PUTS SUCCESSFUL STUDENTS AND WORLD-CLASS SCHOOLS AT THE CENTER OF VIBRANT COMMUNITIES. POWERED BY DIVERSE LEADERS AND A COMMITMENT TO FIGHTING THE STATUS QUO, BRICK EDUCATION NETWORK IS BUILDING RESILIENT, INTELLIGENT, CREATIVE KIDS BY EQUIPPING THEM WITH A HIGH-QUALITY, NURTURING EDUCATION AND THRIVING, ENGAGED FAMILIES TO SUPPORT THEIR SUCCESS. BRICK'S HOLISTIC MODEL AND LEARNING APPROACH ENSURES OUR SCHOLARS ARE ON AN UNIMPEDED PATH TO UNLOCKING THEIR LIMITLESS POTENTIAL. WE NOT ONLY FOCUS ON A RIGOROUS ACADEMIC PROGRAM, BUT INTENTIONALLY PROVIDE "OUT OF THE CLASSROOM" SUPPORTS TO BREAK DOWN EXTERNAL BARRIERS TO A SUCCESSFUL ACADEMIC JOURNEY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Helen Mazarakis Interim Board Chair | Trustee | 1 | $0 |
Greg Taylor Vice Chair | Trustee | 1 | $0 |
Mattew Malloy Treasurer | Trustee | 1 | $0 |
Aaron Turner Trustee | Trustee | 1 | $0 |
Gary Debode Trustee | Trustee | 1 | $0 |
Jodi Cooperman Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Charter School Business Managementfores Accounting | 6/29/22 | $225,778 |
Charter Technology Solutions Llc Educational Techonology | 6/29/22 | $158,451 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,259,618 |
| All other contributions, gifts, grants, and similar amounts not included above | $565,136 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,824,754 |
| Total Program Service Revenue | $2,541,754 |
| Investment income | $0 |
| 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 | $5,366,508 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $104,244 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $900,045 |
| Compensation of current officers, directors, key employees. | $209,711 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,850,168 |
| Pension plan accruals and contributions | $66,119 |
| Other employee benefits | $212,231 |
| Payroll taxes | $199,821 |
| 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 | $0 |
| Advertising and promotion | $23,296 |
| Office expenses | $418,772 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $90,628 |
| 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 | $2,050 |
| Insurance | $0 |
| All other expenses | $82,404 |
| Total functional expenses | $5,635,437 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $114,947 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $799,698 |
| 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 | $30,351 |
| Net Land, buildings, and equipment | $6,304,542 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,249,538 |
| Accounts payable and accrued expenses | $1,056,421 |
| 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 | $3,697,500 |
| Other liabilities | $1,695,535 |
| Total liabilities | $6,449,456 |
| Net assets without donor restrictions | $800,082 |
| 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 | $7,249,538 |