Broome Street Academy
- Assets
- $3.8m
- Revenue
- $7.4m
- Investments
- $1.6m
- Employees
- 63
- Location
- New York, NY
- Founding
- 09/2011
- Data as of
- 06/2021
- 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 06/2021, Broome Street Academy employed 63 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 06/2021, Broome Street Academy generated $7.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $6.8m during the year ending 06/2021. While expenses have increased by 1.0% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
BROOME STREET ACADEMY CHARTER HIGH SCHOOL 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.
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 Silberman Head Of School | Officer | 40 | $208,596 |
Matt Molloy Dean Of Humanities | 40 | $148,493 | |
Keith Morton Senior Director Of Operations | 40 | $132,698 | |
Paul Conor Hale Dean Of Stem | 40 | $115,715 | |
Carl Jason Allen Dean Of Students | 40 | $113,874 | |
Dafina Westbrooks Dean Of Diversity, Equity | 40 | $108,038 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Door - A Center Of Alternatives Administrative Support | 6/29/20 | $754,638 |
Future Leaders Incubator Temp Services | 6/29/20 | $114,100 |
School Professionals Substitute Teachers | 6/29/20 | $101,837 |
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 | $349,932 |
| Related organizations | $0 |
| Government grants | $79,684 |
| All other contributions, gifts, grants, and similar amounts not included above | $596,986 |
| Noncash contributions included in lines 1a–1f | $16,664 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,026,602 |
| Total Program Service Revenue | $6,356,735 |
| Investment income | $342 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $693 |
| Net Income from Fundraising Events | -$24,932 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,359,440 |
| 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. | $225,953 |
| Compensation of current officers, directors, key employees. | $180,762 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,814,587 |
| Pension plan accruals and contributions | $84,927 |
| Other employee benefits | $514,096 |
| Payroll taxes | $314,837 |
| Fees for services: Management | $662,547 |
| Fees for services: Legal | $15,156 |
| Fees for services: Accounting | $45,730 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $127,100 |
| Advertising and promotion | $42,316 |
| Office expenses | $248,270 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $527,022 |
| Travel | $1,159 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $19,220 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $39,451 |
| Insurance | $36,529 |
| All other expenses | $0 |
| Total functional expenses | $6,809,396 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,133,718 |
| Savings and temporary cash investments | $75,492 |
| Pledges and grants receivable | $116,755 |
| Accounts receivable, net | $44,576 |
| 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 | $62,593 |
| Net Land, buildings, and equipment | $73,843 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,638,697 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $654,418 |
| Total assets | $3,800,092 |
| Accounts payable and accrued expenses | $839,129 |
| Grants payable | $0 |
| Deferred revenue | $201,351 |
| 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 | $63,385 |
| Total liabilities | $1,103,865 |
| Net assets without donor restrictions | $2,696,227 |
| 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 | $3,800,092 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Broome Street Academy has recieved totaling $101,774.
| Awarding Organization | Amount |
|---|---|
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $40,000 |
The Meringoff Family Foundation Inc New York, NY PURPOSE: SUPPORT OF THE CHARITABLE PURPOSES OF THIS ORGANIZATION | $30,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $20,750 |
Mcewen Family Foundation Merrick, NY PURPOSE: OPERATIONAL | $5,000 |
Blum Family Foundation Nashville, TN PURPOSE: FOR ONE OR MORE EXEMPT PURPOSES DESCRIBED IN IRC SECTION 501(C)(3) | $3,500 |
Linden Arts Fund For Children New York, NY PURPOSE: ART GALLERY | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Our World Neighborhood Charter School Astoria, NY | $8,035,800 | $19,394,981 |
Zeta Charter Schools - New York City Bronx, NY | $8,294,050 | $24,042,847 |
Tapestry Charter School Buffalo, NY | $42,673,326 | $19,036,142 |
Belmont Charter School Philadelphia, PA | $6,922,339 | $21,008,354 |
Riverton Street Charter School Jamaica, NY | $876,028 | $18,020,045 |
Community Partnership Charter School Brooklyn, NY | $6,697,823 | $17,421,510 |
University Heights Charter School Of Excellence Inc Newark, NJ | $19,966,425 | $19,377,888 |
Propel Charter School Sunrise Pittsburgh, PA | $9,914,076 | $19,454,226 |
West Oak Lane Charter School Philadelphia, PA | $9,484,536 | $17,633,515 |
New World Preparatory Charter School Staten Island, NY | $11,039,877 | $15,891,688 |
Central Jersey College Preparatory Charter School Somerset, NJ | $11,475,546 | $18,846,415 |
Mast Community Charter School Iii Philadelphia, PA | $53,124,349 | $21,172,350 |