Broome Street Academy
- Assets
- $4.4m
- Revenue
- $8.4m
- Investments
- $1.4m
- Employees
- 71
- Location
- New York, NY
- Founding
- 09/2011
- Data as of
- 06/2022
- EIN
- 27-4367067
Organization Overview
Broome Street Academy 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 06/2022, Broome Street Academy employed 71 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Broome Street 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, Broome Street Academy generated $8.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $7.6m during the year ending 06/2022. While expenses have increased by 2.5% 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
BROOME STREET ACADEMY WILL EMPOWER OUR STUDENTS TO REACH THEIR HIGHEST ASPIRATIONS FOR POST-SECONDARY SUCCESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BROOME STREET ACADEMY CHARTER HIGH SCHOOL (BSA) PREPARES ITS STUDENTS FOR POST-SECONDARY SUCCESS THAT LEADS TO POSITIVE LIFE OUTCOMES. BSA VALUES STUDENT STRENGTHS AND PROVIDES MULTIPLE PATHWAYS TO SUCCESS THROUGH A CURRICULUM OF RIGOROUS ACADEMIC, CAREER, AND SOCIAL INSTRUCTION GROUNDED IN THE PRINCIPLES OF POSITIVE YOUTH DEVELOPMENT. BSA IS A TUITION-FREE PUBLIC CHARTER HIGH SCHOOL DEVOTED TO PROVIDING STUDENTS THE NECESSARY SKILLS AND SUPPORT TO GRADUATE WHILE PREPARING THEM FOR A SUCCESSFUL FUTURE BEYOND HIGH SCHOOL. BSA'S ADMISSIONS POLICY GIVES PREFERENCE TO STUDENTS WHO ARE HOMELESS, IN FOSTER CARE, OR FROM LOW PERFORMING MIDDLE SCHOOLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melissa H Silberman Head Of School (thru 3/22) | Officer | 40 | $218,706 |
Matthew Molloy Interim Head Of School | Officer | 40 | $148,904 |
Keith D Morton Senior Director Of Operations | 40 | $134,340 | |
Nikolas Brautigam Science Department Chair | 40 | $108,916 | |
Dafina A Westbrooks Dean Of Diversity, Equity | 40 | $109,887 | |
Carl Jason Allen Dean Of Students | 40 | $114,531 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Future Leaders Incubator Temp Services | 6/29/20 | $114,100 |
The Door - A Center Of Alternatives Administrative Support | 6/29/20 | $754,638 |
School Professionals Substitute Teachers | 6/29/20 | $101,837 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $284,850 |
| Related organizations | $0 |
| Government grants | $777,810 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,008,052 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,070,712 |
| Total Program Service Revenue | $6,275,881 |
| Investment income | $3,466 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$23,911 |
| Net Income from Fundraising Events | -$5,140 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,354,726 |
| 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. | $455,643 |
| Compensation of current officers, directors, key employees. | $364,515 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,794,419 |
| Pension plan accruals and contributions | $119,218 |
| Other employee benefits | $379,718 |
| Payroll taxes | $349,175 |
| Fees for services: Management | $498,521 |
| Fees for services: Legal | $6,209 |
| Fees for services: Accounting | $57,033 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $341,774 |
| Advertising and promotion | $115,176 |
| Office expenses | $293,221 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $819,378 |
| Travel | $304 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,070 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $100,175 |
| Insurance | $47,893 |
| All other expenses | $0 |
| Total functional expenses | $7,579,665 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $158,762 |
| Savings and temporary cash investments | $75,504 |
| Pledges and grants receivable | $450,570 |
| Accounts receivable, net | $18,163 |
| 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 | $61,367 |
| Net Land, buildings, and equipment | $202,048 |
| Investments—publicly traded securities | $282,040 |
| Investments—other securities | $1,359,805 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,799,431 |
| Total assets | $4,407,690 |
| Accounts payable and accrued expenses | $774,134 |
| Grants payable | $0 |
| Deferred revenue | $88,186 |
| 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 | $74,082 |
| Total liabilities | $936,402 |
| Net assets without donor restrictions | $2,621,788 |
| Net assets with donor restrictions | $849,500 |
| 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 | $4,407,690 |