Bronx Letters Foundation
- Assets
- $1.1m
- Revenue
- $450.0k
- Investments
- $0.0
- Employees
- 5
- Location
- New York, NY
- Founding
- 04/2016
- Data as of
- 06/2021
- EIN
- 81-1023499
Organization Overview
Bronx Letters Foundation is located in New York, NY. The organization was established in 2016. According to its NTEE Classification (B94) the organization is classified as: Parent & Teacher Groups, under the broad grouping of Education and related organizations. As of 06/2021, Bronx Letters Foundation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bronx Letters Foundation 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, Bronx Letters Foundation generated $450.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (11.2%) each year. All expenses for the organization totaled $303.5k during the year ending 06/2021. 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
THE BRONX LETTERS FOUNDATION WAS FORMED TO SUPPORT AND OPERATE PROGRAMS THAT ENHANCE THE EDUCATIONAL EXPERIENCE OF STUDENTS OF THE BRONX ACADEMY OF LETTERS (THE ACADEMY). THE ACADEMY, A PUBLIC HIGH SCHOOL IN THE BRONX, NEW YORK, SERVES LOW INCOME MIDDLE AND HIGH SCHOOL STUDENTS AND EMPHASIZES THE IMPORTANCE OF READING AND WRITING IN ITS PROGRAMS AND ACTIVITIES. THE FOUNDATION ACTS AS AN INFORMAL PTA TO THE ACADEMY AND SUPPORTS AND OPERATES VARIOUS ENRICHMENT PROGRAMS AND ACTIVITIES FOR THE ACADEMYS STUDENT BODY, IN COOPERATION WITH THE SCHOOLS ADMINISTRATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BRONX LETTERS FOUNDATION WAS FORMED TO SUPPORT AND OPERATE PROGRAMS THAT ENHANCE THE EDUCATIONAL EXPERIENCE OF STUDENTS OF THE BRONX ACADEMY OF LETTERS (THE ACADEMY). THE ACADEMY, A PUBLIC HIGH SCHOOL IN THE BRONX, NEW YORK, SERVES LOW INCOME MIDDLE AND HIGH SCHOOL STUDENTS AND EMPHASIZES THE IMPORTANCE OF READING AND WRITING IN ITS PROGRAMS AND ACTIVITIES. THE FOUNDATION ACTS AS AN INFORMAL PTA TO THE ACADEMY AND SUPPORTS AND OPERATES VARIOUS ENRICHMENT PROGRAMS AND ACTIVITIES FOR THE ACADEMYS STUDENT BODY, IN COOPERATION WITH THE SCHOOLS ADMINISTRATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Toni Bernstein Director | OfficerTrustee | 10 | $0 |
Alfred Ayensu-Ghartey Director | OfficerTrustee | 3 | $0 |
Deborah Murnin Director | OfficerTrustee | 10 | $0 |
Ryan Asato Director | OfficerTrustee | 5 | $0 |
Karen Adler Director | Trustee | 5 | $0 |
Reagan Arthur Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $195,283 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $195,283 |
| Total Program Service Revenue | $0 |
| Investment income | $5,297 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $17,029 |
| Net Income from Fundraising Events | $203,579 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $449,988 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $161,900 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $13,205 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,075 |
| Fees for services: Accounting | $14,665 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,490 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,058 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $8,630 |
| All other expenses | $0 |
| Total functional expenses | $303,476 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $898,860 |
| Pledges and grants receivable | $0 |
| 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 | $12,753 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $236,841 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,148,454 |
| Accounts payable and accrued expenses | $6,629 |
| 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 | $34,375 |
| Other liabilities | $0 |
| Total liabilities | $41,004 |
| Net assets without donor restrictions | $1,082,540 |
| Net assets with donor restrictions | $24,910 |
| 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 | $1,148,454 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Bronx Letters Foundation has recieved totaling $2,500.
| Awarding Organization | Amount |
|---|---|
Federated Foundations Inc New York, NY PURPOSE: GENERAL | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Homefront Inc Lawrenceville, NJ | $19,924,058 | $15,972,096 |
Boston After School & Beyond Inc Boston, MA | $8,204,182 | $8,812,020 |
Trustees Of The Free Public Library Of The Township Of East Brunswick East Brunswick, NJ | $2,206,212 | $3,599,309 |
Ketchum Grande Memoriall School Burnt Hills, NY | $5,061,922 | $2,742,920 |
Partners For Educational Leadership Inc West Hartford, CT | $1,925,828 | $2,519,972 |
Friends Of Dpny Inc Bronx, NY | $12,098,306 | $76,758 |
Parent Network Of New York State 1 Inc Buffalo, NY | $897,393 | $1,372,692 |
Parents And Teachers Association Of P S 29 Inc Brooklyn, NY | $571,073 | $1,446,218 |
Ps 58 Parent Teacher Association Brooklyn, NY | $738,322 | $1,192,013 |
Vita Education Services Inc Doylestown, PA | $624,691 | $1,073,219 |
Pennsylvania Association Of School Retirees Mechanicsburg, PA | $1,965,165 | $1,182,549 |
Pta New York Congress Bronxville, NY | $696,365 | $1,040,699 |