Hyde Leadership Charter School-Brooklyn
- Assets
- $32.7m
- Revenue
- $12.5m
- Investments
- $0.0
- Employees
- 110
- Location
- Brooklyn, NY
- Founding
- 10/2011
- Data as of
- 06/2023
- EIN
- 27-1894231
Organization Overview
Hyde Leadership Charter School-Brooklyn is located in Brooklyn, NY. The organization was established in 2011. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 06/2023, Hyde Leadership Charter School-Brooklyn employed 110 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hyde Leadership Charter School-Brooklyn 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 06/2023, Hyde Leadership Charter School-Brooklyn generated $12.5m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $14.0m during the year ending 06/2023. While expenses have increased by 10.3% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
HYDE LEADERSHIP CHARTER SCHOOL - BROOKLYN'S ("HLCS") MISSION IS TO DEVELOP THE DEEPER CHARACTER AND UNIQUE POTENTIAL OF EACH STUDENT. USING THE HYDE PROCESS FOR FAMILY-BASED CHARACTER EDUCATION, HLCS UNITES PARENTS, TEACHERS AND STUDENTS IN HELPING EACH STUDENT ACHIEVE HIS OR HER BEST ACADEMICALLY AND IN SPORTS, THE ARTS, AND THE COMMUNITY. RIGOROUS LEARNING ATTITUDES, LEADERSHIP SKILLS AND A SOCIAL CONSCIENCE LAY THE FOUNDATION FOR EACH STUDENT'S SUCCESS IN COLLEGE AND FULFILLMENT IN LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HYDE LEADERSHIP CHARTER SCHOOL-BROOKLYN BEGAN SERVING STUDENTS AND FAMILIES IN THE EAST NEW YORK COMMUNITY IN 2010. FOURTEEN (14) YEARS LATER, HYDE CONTINUES TO PROVIDE A HIGH-QUALITY EDUCATION WITH A FOCUS ON CHARACTER EDUCATION, ACADEMIC RIGOR AND FAMILY ENGAGEMENT. OUR PROGRAMS ARE DESIGNED TO DEVELOP WELL-ROUNDED STUDENTS EQUIPPED WITH THE SKILLS AND VALUES NECESSARY FOR SUCCESS IN THEIR PERSONAL AND PROFESSIONAL LIVES. HYDE'S COMMITTED TO DEVELOPING THE DEEPER CHARACTER AND UNIQUE POTENTIAL OF EVERY CHILD. HYDE'S PROGRAM OFFER SMALL GROUP INSTRUCTION OR INTERVENTIONS TO HELP STUDENTS WHO ARE STRUGGLING ACADEMICALLY. THIS PERSONALIZED APPROACH ALLOWS EDUCATORS TO CATER TO INDIVIDUAL STUDENTS' NEEDS MORE EFFECTIVELY. HYDE-BROOKLYN OFFERS A RANGE OF PROFESSIONAL DEVELOPMENT OPPORTUNITIES FOR TEACHERS AND SCHOOL LEADERS TO IMPROVE INSTRUCTIONAL PRACTICES, CURRICULUM DELIVERY, AND STUDENT ENGAGEMENT. THE PROGRAM EMPHASIZES THE IMPORTANCE OF PARENTAL INVOLVEMENT IN A CHILD'S EDUCATION. IT ENCOURAGES PARENTS TO ACTIVELY PARTICIPATE IN THEIR CHILD'S LEARNING JOURNEY THROUGH WORKSHOPS, MEETINGS, AND OTHER ENGAGEMENT ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christina Brown Chair | OfficerTrustee | 1 | $0 |
Jack Foster Treasurer | OfficerTrustee | 40 | $0 |
Karl Cesar Trustee | Trustee | 1 | $0 |
Robert Moore Trustee | Trustee | 1 | $0 |
Rinaldo Murray Trustee | Trustee | 1 | $0 |
Quinton Ryan Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Swing Education Substitute Teachers | 6/29/23 | $282,488 |
School Professionals Substitute Teachers | 6/29/23 | $238,390 |
Hyde Foundation Management Services | 6/29/23 | $150,000 |
Road To Success Afterschool Programming | 6/29/23 | $237,600 |
National Council Of Budget And Program Programmatic Evaluations | 6/29/23 | $134,950 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,296,740 |
| All other contributions, gifts, grants, and similar amounts not included above | $253,608 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,550,348 |
| Total Program Service Revenue | $9,872,462 |
| Investment income | $32,287 |
| 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 | $12,455,097 |
| 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. | $575,851 |
| Compensation of current officers, directors, key employees. | $332,976 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,131,315 |
| Pension plan accruals and contributions | $180,839 |
| Other employee benefits | $936,598 |
| Payroll taxes | $607,003 |
| Fees for services: Management | $50,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $254,996 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $974,869 |
| Advertising and promotion | $31,141 |
| Office expenses | $336,773 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $228,245 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $953,946 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,049,946 |
| Insurance | $66,721 |
| All other expenses | $40,437 |
| Total functional expenses | $13,995,069 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $482,476 |
| Savings and temporary cash investments | $1,280,119 |
| Pledges and grants receivable | $1,560,931 |
| Accounts receivable, net | $25,075 |
| 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 | $12,968 |
| Net Land, buildings, and equipment | $238,172 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $29,069,980 |
| Total assets | $32,669,721 |
| Accounts payable and accrued expenses | $726,144 |
| 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 | $30,451,774 |
| Total liabilities | $31,177,918 |
| Net assets without donor restrictions | $1,491,803 |
| 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 | $32,669,721 |