Excellence Community Schools Inc
- Assets
- $14.1m
- Revenue
- $10.3m
- Investments
- $0.0
- Employees
- 53
- Location
- Bronx, NY
- Founding
- 02/2004
- Data as of
- 06/2021
- EIN
- 45-0522191
Organization Overview
Excellence Community Schools Inc is located in Bronx, NY. The organization was established in 2004. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. As of 06/2021, Excellence Community Schools Inc employed 53 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Excellence Community Schools Inc 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, Excellence Community Schools Inc generated $10.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 56.3% each year . All expenses for the organization totaled $7.4m during the year ending 06/2021. While expenses have increased by 61.9% 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
EXCELLENCE COMMUNITY SCHOOLS, INC. PROVIDES SERVICES AND RAISES FUNDS TO SUPPORT THE OPERATIONS OF THE BRONX AND STAMFORD CHARTER SCHOOL FOR EXCELLENCE SCHOOLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXCELLENCE COMMUNITY SCHOOLS, INC. PROVIDES SERVICES AND RAISES FUNDS TO SUPPORT THE OPERATIONS OF BRONX CHARTER SCHOOL FOR EXCELLENCE SCHOOLS AND STAMFORD SCHOOL FOR EXCELLENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charlene Reid CEO | Officer | 50 | $555,064 |
Denniston Reid Jr Chief Of Strat. & Leadersh | Officer | 50 | $428,665 |
Vikas Kaushal Chief Financial Officer | Officer | 40 | $221,790 |
Jacques Michel Chief Operating Officer | Officer | 40 | $220,298 |
Aleisha Rodriguez Dir. Of Student Services | 40 | $180,560 | |
Alexandria Nestor Instructional Specialist | 40 | $149,845 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bjs Renovations Inc Leasehold Improvements | 6/29/21 | $3,419,488 |
The Braito Group Project And Development Management | 6/29/21 | $187,500 |
Roman Catholic Church Of Saint Simon Rent | 6/29/21 | $656,811 |
Mt Saint Michael Academy Rent | 6/29/21 | $510,017 |
Charter School Business Management Financial Management Services | 6/29/21 | $172,409 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,293,197 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,034,523 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,327,720 |
| Total Program Service Revenue | $4,468,108 |
| Investment income | $3,130 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,451,827 |
| 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 | $10,250,785 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $539,448 |
| Grants and other assistance to domestic individuals. | $59,616 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,411,911 |
| Compensation of current officers, directors, key employees. | $553,316 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,585,389 |
| Pension plan accruals and contributions | $65,750 |
| Other employee benefits | $181,730 |
| Payroll taxes | $237,238 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,476 |
| Fees for services: Accounting | $230,491 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $193,390 |
| Advertising and promotion | $0 |
| Office expenses | $17,674 |
| Information technology | $22,864 |
| Royalties | $0 |
| Occupancy | $1,457,457 |
| Travel | $0 |
| 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 | $49,060 |
| Insurance | $13,101 |
| All other expenses | $49,166 |
| Total functional expenses | $7,419,738 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,496,828 |
| Savings and temporary cash investments | $5,312,152 |
| Pledges and grants receivable | $518,468 |
| 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 | $168,714 |
| Net Land, buildings, and equipment | $3,537,390 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,063,586 |
| Total assets | $14,097,138 |
| Accounts payable and accrued expenses | $1,407,965 |
| Grants payable | $0 |
| Deferred revenue | $1,050,000 |
| 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 | $700,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,505,242 |
| Total liabilities | $6,663,207 |
| Net assets without donor restrictions | $7,168,931 |
| Net assets with donor restrictions | $265,000 |
| 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 | $14,097,138 |
Grants Awarded
Over the last fiscal year, Excellence Community Schools Inc has awarded $539,448 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Bronx, NY PURPOSE: FEDERAL CSP REPLICATION GRANT PASSTHROUGH | $529,573 |
Stamford, CT PURPOSE: FEDERAL CSP REPLICATION GRANT PASSTHROUGH | $9,875 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Excellence Community Schools Inc has recieved totaling $1,000,005.
| Awarding Organization | Amount |
|---|---|
Peter And Carmen Lucia Buck Foundation Inc New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $1,000,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Say Yes Buffalo Scholarship Inc Buffalo, NY | $26,879,466 | $14,014,941 |
The Heckscher Foundation For Children New York, NY | $236,760,119 | $11,760,357 |
United Federation Of Teachers Educational Foundation Inc New York, NY | $18,651,586 | $11,866,585 |
Vista Foundation Hershey, PA | $12,658,681 | $12,905,128 |
Caroline & Joseph S Gruss Life Monument Funds Inc New York, NY | $48,124,527 | $2,679,769 |
Storehouse For Teachers Pittsburgh, PA | $4,365,823 | $11,202,988 |
Five Colleges Incorporated Amherst, MA | $34,378,872 | $10,361,692 |
Suny Impact Foundation Inc New York, NY | $1,805,430 | $8,847,404 |
Poughkeepsie Public School Teachers Asso Trust Fund Poughkeepsie, NY | $14,239,734 | $11,580,276 |
Elevate 215 Philadelphia, PA | $9,991,857 | $10,518,985 |
Meged Shomayim Airmont, NY | $573,750 | $8,461,954 |
Nli Usa Inc New York, NY | $11,341,396 | $10,639,057 |