International Leadership Charter School is located in Bronx, NY. The organization was established in 2007. 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 06/2023, International Leadership Charter School employed 52 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Leadership Charter School 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 06/2023, International Leadership Charter School generated $8.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $7.3m during the year ending 06/2023. While expenses have increased by 4.6% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE INTERNATIONAL LEADERSHIP CHARTER HIGH SCHOOL ("THE SCHOOL"), A 501(C) (3)TAX-EXEMPT ORGANIZATION, IS A PUBLIC CHARTER HIGH SCHOOL LOCATED IN BRONX, NEW YORK. THE SCHOOL OPENED IN JANUARY 2006 AND CURRENTLY OPERATES CLASSES FOR NINTH TO TWELFTH GRADE. THE SCHOOL HAS AN EXTENDED SCHOOL DAY THAT FEATURES 60 AND 90 MINUTES CLASS PERIODS STUDENTS RECEIVE 180 MINUTES PER WEEK IN EACH CORE SUBJECT, WHICH, ACCORDING TO MANAGEMENT, IS VIEWED FAVORABLY BY BOTH PARENTS AND TEACHERS. FURTHER SUPPORTING STUDENTS,THE SCHOOL OFFERS AFTER-SCHOOL TUTORING, AND DURING JANUARY STUDENTS ARE REQUIRED TO ATTEND "SATURDAY ACADEMY" FOR THREE HOURS. THE PURPOSE OF SATURDAY ACADEMY IS TO PROVIDE STUDENTS WITH SUBJECT INTENSIVE STUDY FOR REGENTS EXAM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE INTERNATIONAL LEADERSHIP CHATER HIGH SCHOOL ("THE SCHOOL") IMPLEMENTS AN ACADEMICALLY RIGOROUS REGENTS AND COLLEGE-PREPARATORY CURRICULUM THAT ELEVATES STUDENTS' INTELLECTUAL CAPACITY AND PROVIDES A SUPERIOR HIGH SCHOOL EDUCATION. THE SCHOOL HAS GAINED NATIONAL AND LOCAL RECOGNITION FOR ITS ACADEMIC ACHIEVEMENT. IN 2016, THE SCHOOL BECAME THE FIRST CHARTER SCHOOL IN THE BRONX TO SUCCESSFULLY OPEN A NEW FACILITY WITH A 17,750,000 MUNICIPAL BOND FINANCING ISSUED BY BUILD NYC. THE SCHOOL IS OPERATING IN A 28.500 SQUARE FOOT, THREE-STORY, STATE OF THE ART FACILITY THAT CONTAINS 17 CLASSROOMS AND NINE FLEX ROOMS TO SUPPORT STUDENT AND FACULTY ACTIVITIES AND WITH THE CAPACITY TO ACCOMMODATE APPROXIMATELY 400 STUDENTS.FROM 2014 THROUGH 2017, THE SCHOOL PLACED IN THE TOP 1% OF HIGH SCHOOLS AND WAS THE RECIPIENT OF A BRONZE AWARD FROM THE US NEWS & WORLD REPORT. DURING THE HEIGHT OF THE PANDEMIC, THE SCHOOL RECEIVED RECOGNITION FOR BEST HIGH SCHOOLS NATIONALLY AND BEST CHARTER SCHOOL IN 2020 AND 2021. THE SCHOOL HAS ACHIEVED AN AVERAGE GRADUATION RATE OF 95% OVER THE PAST 5 YEARS. THE MAJORITY OF GRADUATES MATRICULATED INTO A 4-YEAR COLLEGE OR UNIVERSITY. THE RESULTS ON THE NEW YORK STATE REGENT EXAM SCORES FAR EXCEEDED THOSE IN THE NEIGHBORING COMMUNITY SCHOOL DISTRICTS, THE CITY AND THE STATE. IN 2021 WHEN MOST NYC PUBLIC SCHOOLS WERE CLOSED DUE TO THE PANDEMIC THE SCHOOL REMAINED OPEN IN A HYBRID MODEL AND PREPARED STUDENTS FOR THE REGENTS EXAM AND KEPT SENIORS ON TRACK TO GRADUATE. THE RECENT RELEASE OF THE NYS REPORT CARD ON MARCH 10,2022 DEMONSTRATES THAT THE SCHOOL ACHIEVED A 91% GRADUATION RATE FAR EXCEEDING THE RATE OF OTHER SCHOOL THAT RANGED FROM 0%-52%. IN 2020 THE SCHOOL RECEIVED AN AECN PLANNING GRANT FROM 975,000.00 FROM THE WALTON FAMILY FOUNDATION IN ORDER TO SUPPORT THE SCHOOL'S PLANS TO EXPAND DOWN TO A MIDDLE SCHOOL. SUNY CSI APPROVED THE EXPANSION ON JUNE 16, 2021. MIDDLE SCHOOL WILL BE LAUNCHED WHEN THE PERMANENT BUILDING IS COMPLETED IN 2025.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Dr Elaine Ruiz Lopez CEO | Officer | 60 | $254,529 |
Natalie Lozada Board Chair | OfficerTrustee | 2.5 | $0 |
Edmund Turkson Board Secret | OfficerTrustee | 2.5 | $0 |
Maria Garcia Beltre Member | Trustee | 2.5 | $0 |
Yahaira Ricardo Member | Trustee | 2.5 | $0 |
Denise Martinez Vasquez Member | Trustee | 2.5 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Accounting Solutions Of New York In Accounting Fees | 6/29/23 | $130,104 |
Winfield Security Security Servic | 6/29/23 | $180,356 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $1,407,257 |
All other contributions, gifts, grants, and similar amounts not included above | $1,563,852 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $2,971,109 |
Total Program Service Revenue | $5,335,019 |
Investment income | $82,403 |
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 | $8,388,531 |
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. | $254,529 |
Compensation of current officers, directors, key employees. | $63,632 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $2,430,117 |
Pension plan accruals and contributions | $66,982 |
Other employee benefits | $231,520 |
Payroll taxes | $197,858 |
Fees for services: Management | $0 |
Fees for services: Legal | $59,029 |
Fees for services: Accounting | $150,104 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $355,676 |
Advertising and promotion | $141,121 |
Office expenses | $69,525 |
Information technology | $77,342 |
Royalties | $0 |
Occupancy | $1,232,064 |
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 | $573,759 |
Insurance | $171,503 |
All other expenses | $283,648 |
Total functional expenses | $7,316,352 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $496,944 |
Savings and temporary cash investments | $24,495 |
Pledges and grants receivable | $1,414,161 |
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 | $48,083 |
Net Land, buildings, and equipment | $17,706,788 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $6,124,610 |
Total assets | $25,815,081 |
Accounts payable and accrued expenses | $2,016,777 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $17,323,139 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $595,683 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $1,551,764 |
Total liabilities | $21,487,363 |
Net assets without donor restrictions | $4,327,718 |
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 | $25,815,081 |