Inwood Academy For Leadership Charter School
- Assets
- $67.2m
- Revenue
- $27.6m
- Investments
- $0.0
- Employees
- 217
- Location
- New York, NY
- Founding
- 06/2011
- Data as of
- 06/2023
- EIN
- 27-1936773
Organization Overview
Inwood Academy For Leadership Charter School, operating under the name Inwood Academy For Leadership, is located in New York, NY. The organization was established in 2011. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2023, Inwood Academy For Leadership employed 217 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Inwood Academy For Leadership 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, Inwood Academy For Leadership generated $27.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.9% each year. All expenses for the organization totaled $28.0m during the year ending 06/2023. While expenses have increased by 11.3% 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
TO EMPOWER STUDENTS IN UPPER MANHATTAN TO BECOME AGENTS FOR CHANGE THROUGH COMMUNITY-FOCUSED LEADERSHIP, CHARACTER DEVELOPMENT, & COLLEGE PREPAREDNESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INWOOD ACADEMY FOR LEADERSHIP'S ACADEMIC PROGRAM IS DESIGNED TO INSPIRE STUDENTS' INTELLECTUAL CURIOSITY AND CONFIDENCE. OUR PROGRAM UTILIZES THE CORE KNOWLEDGE PROGRAM TO PAIR CONTENT KNOWLEDGE WITH SKILLS DEVELOPMENT. ALL INWOOD ACADEMY FOR LEADERSHIP SCHOLARS TAKE CLASSES IN FOUR CORE SUBJECTS - ENGLISH LANGUAGE ARTS, SCIENCE, SOCIAL STUDIES AND MATHEMATICS - AS WELL AS ART, SPANISH, MUSIC, WRITING, PHYSICAL EDUCATION AND HEALTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christina Reyes Founder & CEO | Officer | 40 | $217,714 |
Jenny Pichardo Coo/cfo | Officer | 40 | $212,000 |
Bianca Mercedes Chief Schools Officer | Officer | 40 | $162,785 |
Mary Hackett High School Principal | 40 | $154,365 | |
Steven Brady Ap, Humanities | 40 | $125,706 | |
Karena West Assistant Principal | 40 | $125,766 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wb Mason Co Inc Office Supplies | 6/29/20 | $476,780 |
Good Shepherd School Rent | 6/29/20 | $350,649 |
Regina Caterers Food Services | 6/29/20 | $349,562 |
New Tech Co Building Improvement | 6/29/20 | $251,182 |
Friends Of Inwood Academy For Leade Rent | 6/29/20 | $1,987,457 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,599,725 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,599,725 |
| Total Program Service Revenue | $25,846,005 |
| Investment income | $154,822 |
| 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 | $27,610,767 |
| 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. | $678,332 |
| Compensation of current officers, directors, key employees. | $108,199 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,261,650 |
| Pension plan accruals and contributions | $300,251 |
| Other employee benefits | $1,277,456 |
| Payroll taxes | $1,241,038 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $16,970 |
| Fees for services: Accounting | $70,533 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,249,951 |
| Advertising and promotion | $0 |
| Office expenses | $409,251 |
| Information technology | $203,532 |
| Royalties | $0 |
| Occupancy | $1,292,368 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,882,660 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,678,486 |
| Insurance | $158,131 |
| All other expenses | $470,844 |
| Total functional expenses | $27,956,897 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,882,264 |
| Savings and temporary cash investments | $6,561,953 |
| Pledges and grants receivable | $1,038,172 |
| Accounts receivable, net | $6,106 |
| 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 | $15,194 |
| Net Land, buildings, and equipment | $16,886,416 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $36,767,815 |
| Total assets | $67,157,920 |
| Accounts payable and accrued expenses | $371,251 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $16,657,100 |
| 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 | $38,712,892 |
| Total liabilities | $55,741,243 |
| Net assets without donor restrictions | $11,416,677 |
| 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 | $67,157,920 |