Hyde Leadership Charter School
- Assets
- $24.1m
- Revenue
- $21.6m
- Investments
- $0.0
- Employees
- 231
- Location
- Bronx, NY
- Founding
- 02/2007
- Data as of
- 06/2021
- EIN
- 74-3162136
Organization Overview
Hyde Leadership Charter School is located in Bronx, NY. The organization was established in 2007. 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, Hyde Leadership Charter School employed 231 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hyde 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 06/2021, Hyde Leadership Charter School generated $21.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $20.9m during the year ending 06/2021. While expenses have increased by 3.3% 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
TO DEVELOP THE DEEPER CHARACTER & UNIQUE POTENTIAL OF EACH STUDENT, USING THE HYDE PROCESS FOR FAMILY-BASED CHARACTER EDUCATION, THE SCHOOL UNITES PARENTS, TEACHERS & STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
K-12 ACADEMIC AND CHARACTER EDUCATION PROGRAM: HYDE-BRONX SERVED APPROXIMATELY 968,199 STUDENTS DURING THE 2020-2021 SCHOOL YEAR. OUR PARENTS ARE COMMITTED TO OUR SCHOOL AND OUR PROGRAM OF FAMILY-BASED CHARACTER EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas K Sturtevant Executive Director | Officer | 40 | $356,423 |
Stephen Trowbridge Chief Operating Officer | Officer | 40 | $197,604 |
Celia Sosa High School Director | Officer | 40 | $184,318 |
Lex Zain Chief Academic Officer | Officer | 40 | $171,859 |
Christine Moloughney-Froman Elementary School Director | 40 | $153,817 | |
Elizabeth Martin Special Education Director | 40 | $132,009 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,734,791 |
| All other contributions, gifts, grants, and similar amounts not included above | $417,024 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,151,815 |
| Total Program Service Revenue | $19,425,768 |
| Investment income | $29,719 |
| 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 | $21,610,915 |
| 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. | $1,095,029 |
| Compensation of current officers, directors, key employees. | $220,473 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $13,445,422 |
| Pension plan accruals and contributions | $465,801 |
| Other employee benefits | $1,414,369 |
| Payroll taxes | $1,283,209 |
| Fees for services: Management | $35,000 |
| Fees for services: Legal | $24,119 |
| Fees for services: Accounting | $46,112 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $29,161 |
| Advertising and promotion | $215,281 |
| Office expenses | $413,428 |
| Information technology | $214,497 |
| Royalties | $0 |
| Occupancy | $176,656 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $118,157 |
| Interest | $442,149 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $496,012 |
| Insurance | $146,499 |
| All other expenses | $106,497 |
| Total functional expenses | $20,927,966 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,026 |
| Savings and temporary cash investments | $8,773,253 |
| Pledges and grants receivable | $1,366,940 |
| Accounts receivable, net | $48,744 |
| 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 | $98,828 |
| Net Land, buildings, and equipment | $10,747,745 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,002,088 |
| Total assets | $24,059,624 |
| Accounts payable and accrued expenses | $2,244,732 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $13,270,011 |
| 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 | $3,130,640 |
| Other liabilities | $795,902 |
| Total liabilities | $19,441,285 |
| Net assets without donor restrictions | $4,618,339 |
| 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 | $24,059,624 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Hyde Leadership Charter School has recieved totaling $270,743.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $100,109 |
Robin Hood Foundation New York, NY PURPOSE: POVERTY RELIEF | $40,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $39,500 |
Here To Here Foundation Inc Bronx, NY PURPOSE: GENERAL OPERATING SUPPORT. | $35,000 |
Joseph And Katherine Macari Foundation Inc Southold, NY PURPOSE: GENERAL PURPOSE | $20,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $12,910 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mastery Charter High School Philadelphia, PA | $43,740,057 | $52,618,647 |
Public Prep Charter School Academies Bronx, NY | $28,993,375 | $52,903,915 |
Achievement First Inc New Haven, CT | $52,811,061 | $64,422,955 |
Explore Excel Charter School Brooklyn, NY | $21,686,253 | $46,865,700 |
Brooklyn Prospect Charter School Brooklyn, NY | $14,747,543 | $42,286,541 |
Little Red School House Inc New York, NY | $50,588,811 | $36,915,940 |
Philadelphia Performing Arts A String Theory Charter School Philadelphia, PA | $27,708,411 | $43,176,770 |
True North Rochester Preparatorycharter School Rochester, NY | $31,478,453 | $41,687,630 |
Classical Charter Schools Bronx, NY | $15,984,342 | $34,614,781 |
Bronx Charter School For Excellence Bronx, NY | $63,378,035 | $40,736,120 |
Avon Grove Charter School West Grove, PA | $50,579,082 | $34,467,872 |
Science Academies Of New York Charter Schools Syracuse, NY | $37,462,091 | $36,615,185 |