Storefront Academy Charter School South Bronx
- Assets
- $2.7m
- Revenue
- $10.2m
- Investments
- $0.0
- Employees
- 107
- Location
- Bronx, NY
- Founding
- 08/2016
- Data as of
- 06/2021
- EIN
- 47-1938137
Organization Overview
Storefront Academy Charter School South Bronx, operating under the name See Schedule O South Bronx, is located in Bronx, NY. The organization was established in 2016. 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, See Schedule O South Bronx employed 107 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. See Schedule O South Bronx 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, See Schedule O South Bronx generated $10.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.5% each year . All expenses for the organization totaled $9.0m during the year ending 06/2021. While expenses have increased by 21.1% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SCHOOL WAS ORGANIZED TO PROVIDE CHILDREN OF VARIED ACADEMIC STRENGTHS QUALITY EDUCATIONAL OPPORTUNITIES, PREPARING THEM ACADEMICALLY, SOCIALLY AND EMOTIONALLY TO BECOME CRITICAL THINKERS, HIGH-ACHIEVING STUDENTS AND WELL-ROUNDED INDIVIDUALS. WORKING IN PARTNERSHIP WITH FAMILIES AND COMMUNITY MEMBERS, STOREFRONT ACADEMY INSTILLS A POWERFUL SENSE OF SELF, AND GIVES ITS STUDENTS THE TOOLS TO OWN THE FUTURE AND CREATE MEANINGFUL ADULT LIVES. THE SCHOOL SERVED 379 STUDENTS FOR THE SCHOOL YEAR ENDED JUNE 30, 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Syreeta Richardson-Garcia CEO | Officer | 40 | $198,945 |
Stuart Wolf Director Of Finance | Officer | 40 | $117,199 |
Yoselyn Fernandez Asst Principal | 40 | $114,893 | |
Taleema Chesney Principal | 40 | $111,593 | |
Carol Lawrence Singletary Principal | 40 | $105,969 | |
Jennifer Johnson Asst Principal | 40 | $105,969 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,353,844 |
| Investment income | $21 |
| 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 | $10,238,198 |
| Statement of Expenses | |
|---|---|
| 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. | $324,949 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,337,812 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $594,657 |
| Payroll taxes | $390,209 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $26,565 |
| Fees for services: Accounting | $23,790 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $153,958 |
| Advertising and promotion | $53,930 |
| Office expenses | $300,092 |
| Information technology | $206,648 |
| Royalties | $0 |
| Occupancy | $1,136,201 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $32,250 |
| Interest | $30,666 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $180,924 |
| Insurance | $60,302 |
| All other expenses | $0 |
| Total functional expenses | $8,950,751 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $928,635 |
| Savings and temporary cash investments | $125,130 |
| Pledges and grants receivable | $758,406 |
| 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 | $5,197 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $50,050 |
| Total assets | $2,744,185 |
| Accounts payable and accrued expenses | $548,379 |
| Grants payable | $0 |
| Deferred revenue | $106,443 |
| 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 | $406,222 |
| Other liabilities | $397,453 |
| Total liabilities | $1,458,497 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $1,285,688 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Storefront Academy Charter School South Bronx has recieved totaling $15,005.
| Awarding Organization | Amount |
|---|---|
Morgan Stanley Foundation Inc New York, NY PURPOSE: VOLUNTEER INCENTIVE PROGRAM | $15,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
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 |