South Bronx Community Charter High School
- Assets
- $4.5m
- Revenue
- $10.4m
- Investments
- $0.0
- Employees
- 74
- Location
- Bronx, NY
- Founding
- 09/2016
- Data as of
- 06/2022
- EIN
- 81-0938990
Organization Overview
South Bronx Community Charter High School 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 06/2022, South Bronx Community Charter High School employed 74 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South Bronx Community Charter High 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 06/2022, South Bronx Community Charter High School generated $10.4m in total revenue. All expenses for the organization totaled $8.8m during the year ending 06/2022.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SOUTH BRONX COMMUNITY CHARTER HIGH SCHOOL PROMOTES STUDENT EXCELLENCE THROUGH AN EMPHASIS ON ACADEMIC, PERSONAL AND PROFESSIONAL SKILLS IN A SUPPORTIVE AND RESPONSIVE LEARNING ENVIRONMENT. SBC STUDENTS GRADUATE WITH A POSITIVE SENSE OF SELF, READY TO DESIGN AND REALIZE THEIR FUTURES IN COLLEGE, COMMUNITY AND CAREER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SUPPORT THE EFFORTS AND MISSION OF SOUTH BRONX COMMUNITY CHARTER HIGH SCHOOL. THE SCHOOL OFFICIALLY OPENED ITS DOORS TO STUDENTS IN THE FALL OF 2016. THE SCHOOL CURRENTLY HAS OVER 300 STUDENTS COVERING GRADES 9 THROUGH 12.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alvarez Symonette Chair | OfficerTrustee | 1 | $0 |
Michael Busch Vice Chair | OfficerTrustee | 1 | $0 |
Rema Davis Secretary | OfficerTrustee | 1 | $0 |
Kate Del Priore Treasurer (thru June 2022) | OfficerTrustee | 1 | $0 |
Mayling Blanco Trustee | Trustee | 1 | $0 |
Patrice Fenton Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Justworks Payroll And Benefit Provider | 6/29/22 | $356,152 |
Charter Technology Solutions Technology Expenses | 6/29/22 | $352,805 |
Cerini & Associates Accounting | 6/29/22 | $177,500 |
1114 Washing Avenue Realty Llc Rent | 6/29/22 | $132,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $29,486 |
| Related organizations | $0 |
| Government grants | $2,391,921 |
| All other contributions, gifts, grants, and similar amounts not included above | $87,838 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,509,245 |
| Total Program Service Revenue | $7,642,629 |
| Investment income | $93 |
| 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 | $10,414,425 |
| 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. | $177,782 |
| Compensation of current officers, directors, key employees. | $19,556 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,246,034 |
| Pension plan accruals and contributions | $20,027 |
| Other employee benefits | $426,870 |
| Payroll taxes | $323,383 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $67,107 |
| Fees for services: Accounting | $209,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $399,187 |
| Advertising and promotion | $46,415 |
| Office expenses | $36,844 |
| Information technology | $116,733 |
| Royalties | $0 |
| Occupancy | $1,866,230 |
| 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 | $118,891 |
| Insurance | $50,355 |
| All other expenses | $51,862 |
| Total functional expenses | $8,825,047 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $796,840 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,455,585 |
| 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 | $34,630 |
| Net Land, buildings, and equipment | $724,839 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,510,567 |
| Total assets | $4,522,461 |
| Accounts payable and accrued expenses | $1,014,884 |
| 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 | $238,649 |
| Total liabilities | $1,253,533 |
| Net assets without donor restrictions | $3,268,928 |
| 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 | $4,522,461 |