Excellence Community Schools Inc
- Assets
- $18.6m
- Revenue
- $10.4m
- Investments
- $0.0
- Employees
- 50
- Location
- Bronx, NY
- Founding
- 02/2004
- Data as of
- 06/2022
- 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 06/2022, Excellence Community Schools Inc employed 50 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 06/2022, Excellence Community Schools Inc generated $10.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $6.9m during the year ending 06/2022. While expenses have increased by 14.8% 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
2022
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 |
|---|---|---|---|
Joyce Frost Chairperson | OfficerTrustee | 2 | $0 |
Kory Apton Trustee | Trustee | 0.5 | $0 |
Rishi Renjen Treasurer | OfficerTrustee | 0.5 | $0 |
Kimberly Hartman Vice President | OfficerTrustee | 0.5 | $0 |
Andra Ehrenkranz Vice President | OfficerTrustee | 0.5 | $0 |
William Geist Trustee | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bjs Renovations Inc Project And Development Management | 6/29/22 | $1,169,802 |
Mt Saint Michael Academy Rent | 6/29/22 | $352,951 |
Roman Catholic Church Of Saint Simon And Rent | 6/29/22 | $481,065 |
The Braito Group Project And Development Management | 6/29/22 | $163,850 |
Charter School Business Management Inc Financial Management Services | 6/29/22 | $140,808 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $385,064 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,857,080 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,242,144 |
| Total Program Service Revenue | $6,013,350 |
| Investment income | $4,838 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,183,450 |
| 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 | $10,443,782 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $402,648 |
| Grants and other assistance to domestic individuals. | $52,196 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,609,501 |
| Compensation of current officers, directors, key employees. | $1,178,090 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,934,373 |
| Pension plan accruals and contributions | $84,832 |
| Other employee benefits | $251,555 |
| Payroll taxes | $187,367 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $51,490 |
| Fees for services: Accounting | $318,607 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $364,675 |
| Advertising and promotion | $0 |
| Office expenses | $9,602 |
| Information technology | $27,895 |
| Royalties | $0 |
| Occupancy | $97,513 |
| 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 | $237,818 |
| Insurance | $16,515 |
| All other expenses | $20,952 |
| Total functional expenses | $6,919,968 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,522,386 |
| Savings and temporary cash investments | $5,316,990 |
| Pledges and grants receivable | $941,779 |
| Accounts receivable, net | $176,278 |
| 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 | $180,396 |
| Net Land, buildings, and equipment | $4,449,470 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,038,074 |
| Total assets | $18,625,373 |
| Accounts payable and accrued expenses | $1,392,144 |
| Grants payable | $0 |
| Deferred revenue | $1,348,723 |
| 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 | $900,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,026,761 |
| Total liabilities | $7,667,628 |
| Net assets without donor restrictions | $9,958,441 |
| Net assets with donor restrictions | $999,304 |
| 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 | $18,625,373 |
Grants Awarded
Over the last fiscal year, Excellence Community Schools Inc has awarded $398,729 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BRONX CHARTER SCHOOL FOR EXCELLENCE PURPOSE: FEDERAL CSP REPLICATION GRANT PASSTHROUGH | $347,452 |
BRONX CHARTER SCHOOL FOR EXCELLENCE PURPOSE: CENTER FOR COMMUNITY IMPACT PROVIDES PROGRAMMING GEARED TOWARDS EMPOWERING OUR FAMILIES, COMMUNITY MEMBERS, AND SCHOLARS TO BECOME ACTIVE CITIZENS IN ADVOCACY, COMMUNITY ENGAGEMENT, AND WORKFORCE DEVELOPMENT. | $51,277 |