Arete Education Inc is located in Bronx, NY. The organization was established in 2012. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 12/2021, Arete Education Inc employed 74 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arete Education 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 12/2021, Arete Education Inc generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.3% each year . All expenses for the organization totaled $1.9m during the year ending 12/2021. While expenses have increased by 17.6% 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
ARETE EDUCATION, INC. TRAINS AND EMPOWERS YOUTHS TO LEAD SUCCESSFUL LIVES, BY PARTNERING WITH LOCAL SCHOOLS AND COMMUNITY GROUPS TO GROW INVESTMENT IN MOTT HAVEN YOUTHS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ARETES CORE YOUTH DEVELOPMENT SERVICES INCLUDE: (1) EXPANDED DAY FOR MIDDLE SCHOOL STUDENTS; (2) SUMMER BRIDGE INTEGRATED ARTS AND ACADEMICS INTENSIVE ALL-DAY, FIVE-WEEK PROGRAM; (3) COLLEGE BRIDGE HIGH SCHOOL CREDIT ACCELERATION AND PAID INTERNSHIP FIVE-WEEK PROGRAM; (4) WORK-BASED LEARNING AND PAID INTERNSHIPS IN TEACHING, STEM, AND THE ARTS; (5) INTEGRATED COLLEGE ACCESS SERVICES; AND (6) YEAR ROUND SERVICE LEARNING AND LEADERSHIP YOUTH DEVELOPMENTARETE EDUCATION PLAYS A VITAL ROLE IN THE MOTT HAVEN SECTION OF THE SOUTH BRONX, PROVIDING WRAPAROUND SUPPORT SERVICES TO 750 STUDENTS AND FAMILIES YEARLY. THIS COMMUNITY REPRESENTS SOME OF THE MOST VULNERABLE POPULATIONS IN NEW YORK STATE. IT HAS DISPROPORTIONALLY HIGH ASTHMA RATES AND OTHER PROBLEMATIC HEALTH INDICATORS THAT MADE IT ESPECIALLY SUSCEPTIBLE TO THE COVID-19 PANDEMIC. AN ESTIMATED 29% OF MOTT HAVEN RESIDENTS LIVE IN POVERTY, COMPARED TO 20% OF NYC RESIDENTS.THROUGH OUR DEEP PARTNERSHIPS WITH LOCAL SCHOOLS, ARETE HAS BEEN ABLE TO ENSURE 95% OF OUR STUDENTS GRADUATE ON TIME, WITH STRONG COLLEGE PLACEMENT AND ACCEPTANCE RATES, CONTINUING THROUGH THE FIRST 10 MONTHS OF THE PANDEMIC. ARETES COLLEGE ACCESS PROGRAMS PROVIDE ALL HIGH SCHOOL STUDENTS TO AP COURSES, COLLEGE CREDITS (CLEP, COLLEGE HIGH SCHOOL BRIDGE PROGRAM), ONE-ON-ONE COLLEGE MENTORING, AND WORK-BASED LEARNING. OUR FLAGSHIP PARTNER SCHOOL, THE LABORATORY SCHOOL OF FINANCE & TECHNOLOGY: IS NATIONALLY RANKED WITH U.S. NEWS; HAS A 4-YEAR GRADUATION RATE OF 95% AND COLLEGE AND CAREER READINESS INDEX OF 87%; PERFORMS IN THE TOP 25% IN NYC SCHOOLS ON STATE EXAMS; AND OVER 90% OF HIGH SCHOOL STUDENTS TAKING ONE OR MORE AP COURSES AND OVER 60% OF 8TH GRADE SCHOOL STUDENTS RECEIVING HIGH SCHOOL CREDITS. ARETE ALSO PROVIDES PARTNER SCHOOLS WITH 500 HOURS OF EXTRA INSTRUCTION AND ARTS EDUCATION PER STUDENT THROUGHOUT THE CALENDAR YEAR.THE DEMOGRAPHICS OF OUR CLIENTS INCLUDES YOUTH IN GRADES 6-12, 22% STUDENTS WITH SPECIAL NEEDS, 92% FREE AND REDUCED LUNCH, 9% ENGLISH LANGUAGE LEARNERS, AND 99% MINORITY (ASIAN, 1%, AFRICAN AMERICAN 14%, HISPANIC/LATINX 83%, WHITE 1%). IN THE TWO YEARS OF THE PANDEMIC, ARETE HAS BEEN ABLE TO PROVIDE HUMANITARIAN AID AND SERVICE PROJECTS FOR OUR FAMILIES, INCLUDING: (1) DISTRIBUTION OF HOTSPOTS, CHROMEBOOKS, AND ZOOM ACCOUNTS TO SUPPORT THE IMMEDIATE MOVEMENT OF SCHOOLING FROM ON-SITE TO REMOTE; (2) ARETE FAMILY HELP HOTLINE CREATED WHEN ARETE RETRAINED STAFF TO CREATE A BILINGUAL PHONE SERVICE FOR MOTT HAVEN FAMILIES THAT PROVIDES EMPATHETIC LISTENING AND GUIDANCE FOR HOW TO ACCESS CITY RESOURCES AND SUPPORTS; (3) VOLUNTEER GROCERY DELIVERIES OF DONOR-PURCHASED GROCERIES FOR FAMILIES RECENTLY LOSING A LOVED ONE TO COVID AND/OR SUFFERING FROM ACUTE FOOD SHORTAGES; (4) FEED OUR NEEDS SERVICE PROJECT TO ADDRESS THE DISPARITIES IN THE ECONOMIC HEALTH OF BLACK-OWNED BUSINESSES BY PROVIDING FUNDING FOR MEALS TO OVER 500 FAMILIES PREPARED BY BLACK-OWNED BUSINESSES; (5) REGIONAL ENRICHMENT CENTER YOUTH DEVELOPMENT STAFFING FOR THE ENTIRE DURATION OF TIME NYC DOE SCHOOL BUILDINGS WERE CLOSED TO STUDENTS AND FAMILIES IN CENTRAL HARLEM; AND (6) LOVE AND RACIAL JUSTICE YOUTH LEADERSHIP INITIATIVE, A YEAR-LONG SERVICE PROJECT INVOLVING THE ENTIRE ORGANIZATION IN A STUDY OF LOVE, RACIAL JUSTICE, AND SERVICE; (7) ARETE HOPE NETWORK, OUR COMPREHENSIVE PROGRAM TO PROVIDE HUMANITARIAN AID TO FAMILIES LIVING IN TEMPORARY HOUSING IN MOTT HAVEN AND HARLEM, PROVIDING STIPENDS, GROCERIES, LAPTOPS, MENTORING AND DAILY ATTENDANCE SUPPORT TO ENROLLED FAMILIES, RESULTING IN A POSITIVE IMPACT TO THE STUDENTS ATTENDANCE RATES AND GRADES; (8) INTERGENERATIONAL TUTORING - HIGH ACHIEVING UPPERCLASSMEN PARTICIPATE IN OUR PAID TEACHING INTERNSHIP PROGRAM AND RECEIVE RIGOROUS TRAINING AND COACHING THROUGHOUT THE YEAR TO PROVIDE SOCIAL EMOTIONAL AND ACADEMIC SUPPORTS TO TUTEES IN THE MIDDLE SCHOOL, ALLOWING STAFF, ALUMNI, AND UPPERCLASSMEN TO CREATE A CARING SUPPORT SYSTEM TO HALT AND REVERSE LEARNING LOSS RESULTING FROM THE PANDEMIC; (9) ARETES BRONX-BASED TEACHER PIPELINE THAT MENTORS ALUMNI OF OUR PROGRAMS INTO TEACHING AND YOUTH DEVELOPMENT CAREERS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Sarah Benis Scheier-Dolberg Executive Dir. | Officer | 40 | $153,474 |
Kholofelo Mothibi Vice President | OfficerTrustee | 5 | $0 |
Matt Mccambridge President | OfficerTrustee | 5 | $0 |
Jared Steller Treasurer | OfficerTrustee | 5 | $0 |
Sam Alexander Secretary | OfficerTrustee | 5 | $0 |
Ronnie Aroesty Director | Trustee | 5 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $1,090,478 |
All other contributions, gifts, grants, and similar amounts not included above | $590,693 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $1,681,171 |
Total Program Service Revenue | $0 |
Investment income | $0 |
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 | $1,681,301 |
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. | $159,244 |
Compensation of current officers, directors, key employees. | $39,811 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $882,306 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $31,742 |
Payroll taxes | $107,944 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $81,542 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $132,059 |
Advertising and promotion | $0 |
Office expenses | $9,962 |
Information technology | $37,522 |
Royalties | $0 |
Occupancy | $25,400 |
Travel | $3,136 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $4,020 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $3,562 |
Insurance | $3,166 |
All other expenses | $1,221 |
Total functional expenses | $1,920,953 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $110,151 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $419,150 |
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 | $0 |
Net Land, buildings, and equipment | $10,707 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $11,995 |
Total assets | $552,003 |
Accounts payable and accrued expenses | $141,388 |
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 | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $141,388 |
Net assets without donor restrictions | $219,934 |
Net assets with donor restrictions | $190,681 |
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 | $552,003 |
Over the last fiscal year, we have identified 8 grants that Arete Education Inc has recieved totaling $100,221.
Awarding Organization | Amount |
---|---|
Here To Here Foundation Inc Bronx, NY PURPOSE: SUPPORT FOR EDUCATIONAL PROGRAMS. | $35,000 |
American Endowment Foundation Hudson, OH PURPOSE: YOUTH DEVELOPMENT | $18,000 |
The Childrens Aid Society New York, NY PURPOSE: GENERAL SUPPORT | $15,000 |
Rockefeller Philanthropy Advisors Inc New York, NY PURPOSE: GENERAL | $14,000 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $10,175 |
Mr October Foundation For Kids Carmel, CA PURPOSE: GENERAL SUPPORT | $8,000 |
Organization Name | Assets | Revenue |
---|---|---|
Jpc Charities Newark, NJ | $110,330,624 | $14,483,540 |
Good Sports Inc Braintree, MA | $15,718,989 | $17,640,081 |
Exploration School Inc Norwood, MA | $30,976,539 | $12,294,773 |
West Side Center For Community Life Inc New York, NY | $9,114,399 | $14,422,692 |
Camp Harbor View Foundation Inc Boston, MA | $69,208,202 | $14,199,041 |
Utec Inc Lowell, MA | $20,133,809 | $14,604,530 |
Shira Association Inc Brooklyn, NY | $274,073 | $8,368,956 |
Chdfs Inc New York, NY | $4,427,558 | $6,216,072 |
Metropolitan Development Center Inc Brooklyn, NY | $2,978,131 | $7,487,789 |
Deal Sephardic Youth Center Inc Oakhurst, NJ | $15,545,893 | $7,918,218 |
Exalt Youth New York, NY | $8,260,540 | $8,836,761 |
Nyc Kids Rise Inc Long Island City, NY | $4,984,268 | $4,157,127 |