Atmosphere Academy Public Charter Schools
- Assets
- $3.3m
- Revenue
- $18.3m
- Investments
- $0.0
- Employees
- 139
- Location
- Bronx, NY
- Founding
- 03/2015
- Data as of
- 06/2022
- EIN
- 47-1504209
Organization Overview
Atmosphere Academy Public Charter Schools is located in Bronx, NY. The organization was established in 2015. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Atmosphere Academy Public Charter Schools employed 139 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Atmosphere Academy Public Charter Schools 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, Atmosphere Academy Public Charter Schools generated $18.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 26.2% each year . All expenses for the organization totaled $18.0m during the year ending 06/2022. While expenses have increased by 26.4% 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
ATMOSPHERE'S MISSION IS TO PROVIDE AN "ATMOSPHERE" FOR LEARNING IN WHICH STUDENTS AND TEACHERS REALIZE THEIR POTENTIAL AS COLLABORATIVE LEADERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ATMOSPHERE HAS DEVELOPED A SUITE OF ROBUST ACADEMIC AND ENRICHMENT PROGRAMMING IN CONJUNCTION WITH KEY PARTNERS THAT ARE DESIGNED TO DEVELOP STUDENTS' SKILLS, KNOWLEDGE, AND CHARACTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mervin A Burton CFA Treasurer (thru 9/15/21) | OfficerTrustee | 1 | $0 |
Jesse J Greene Jr ESQ Secretary | OfficerTrustee | 1 | $0 |
Dr Michael J Lagas Edd Chairperson | OfficerTrustee | 1 | $0 |
Alan Dillon ESQ Trustee | Trustee | 1 | $0 |
James Spitzer Jr ESQ Trustee | Trustee | 1 | $0 |
Colin J Greene CEO & Founder | Officer | 40 | $297,423 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cm Water Group Llc Rent | 6/29/22 | $1,208,698 |
Marble Hill Partners Llc Rent | 6/29/22 | $1,025,119 |
Riverdale Jewish Center Rent | 6/29/22 | $716,683 |
Perfect Cleaning Service Cleaning | 6/29/22 | $295,154 |
Winfield Security Group Security | 6/29/22 | $143,208 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,788,676 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,052 |
| Noncash contributions included in lines 1a–1f | $59,242 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,789,728 |
| Total Program Service Revenue | $12,501,294 |
| Investment income | $78 |
| 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 | $18,291,100 |
| 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. | $521,431 |
| Compensation of current officers, directors, key employees. | $521,431 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,055,161 |
| Pension plan accruals and contributions | $326,294 |
| Other employee benefits | $1,236,264 |
| Payroll taxes | $740,548 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $54,854 |
| Fees for services: Accounting | $32,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $611,308 |
| Advertising and promotion | $253,056 |
| Office expenses | $195,139 |
| Information technology | $253,812 |
| Royalties | $0 |
| Occupancy | $2,513,333 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $9,674 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $611,941 |
| Insurance | $101,334 |
| All other expenses | $179,911 |
| Total functional expenses | $18,000,637 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $82,482 |
| Savings and temporary cash investments | $438 |
| Pledges and grants receivable | $232,937 |
| 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 | $169,475 |
| Net Land, buildings, and equipment | $2,514,152 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $333,017 |
| Total assets | $3,332,501 |
| Accounts payable and accrued expenses | $1,403,282 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $214,013 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $466,005 |
| Total liabilities | $2,083,300 |
| Net assets without donor restrictions | $1,249,201 |
| 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 | $3,332,501 |