Renaissance Charter School 2
- Assets
- $902.3k
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 31
- Location
- Maspeth, NY
- Founding
- 02/2019
- Data as of
- 06/2021
- EIN
- 82-4420335
Organization Overview
Renaissance Charter School 2 is located in Maspeth, NY. The organization was established in 2019. 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, Renaissance Charter School 2 employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Renaissance Charter School 2 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, Renaissance Charter School 2 generated $3.2m in total revenue. All expenses for the organization totaled $3.3m during the year ending 06/2021. While expenses have increased by 191.3% per year over the past 3 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 FOSTER EDUCATED, RESPONSIBLE, HUMANISTIC YOUNG LEADERS WHO WILL THROUGH THEIR OWN PERSONAL GROWTH SPARK A RENAISSANCE IN NEW YORK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SCHOOL IS MODELED AFTER THE RENAISSANCE CHARTER SCHOOL (TRCS), A PUBLIC CHARTER SCHOOL LOCATED IN JACKSON HEIGHTS, QUEENS, NEW YORK. THE SCHOOLS MISSION AS A PLANNED KINDERGARTEN TO 12TH GRADE SCHOOL IS TO FOSTER EDUCATED, RESPONSIBLE, HUMANISTIC YOUNG LEADERS WHO WILL THROUGH THEIR OWN PERSONAL GROWTH SPARK A RENAISSANCE IN NEW YORK. THE SCHOOLS FIRST YEAR OF OPERATIONS WAS THE 2020-2021 FISCAL YEAR AND THEY HAD AN AVERAGE ENROLLMENT OF APPROXIMATELY 140 KINDERGARTEN AND 1ST GRADE STUDENTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Everett Boyd Principal | Officer | 40 | $134,731 |
Stacey Gauthier Executive Dir. | Officer | 10 | $23,625 |
Daniel Fanelli Asst. Exec. Dir. | 10 | $23,625 | |
Rebekah Oakes Chief Dev Officer | 5 | $13,625 | |
Denise Hur Dir. Of Finance | Officer | 5 | $9,625 |
Monte Joffee Chairperson | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,244,087 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,244,087 |
| Total Program Service Revenue | $0 |
| Investment income | $35 |
| 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 | $3,244,122 |
| 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. | $197,158 |
| Compensation of current officers, directors, key employees. | $33,563 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,173,596 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $118,465 |
| Payroll taxes | $127,173 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,484 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $244,754 |
| Advertising and promotion | $18,585 |
| Office expenses | $8,498 |
| Information technology | $50,838 |
| Royalties | $0 |
| Occupancy | $1,016,732 |
| 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 | $56,096 |
| Insurance | $30,552 |
| All other expenses | $2,787 |
| Total functional expenses | $3,287,706 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $240,698 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $108,084 |
| Accounts receivable, net | $2,877 |
| 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 | $115,358 |
| Net Land, buildings, and equipment | $331,588 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $103,650 |
| Total assets | $902,255 |
| Accounts payable and accrued expenses | $197,569 |
| 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 | $214,181 |
| Total liabilities | $411,750 |
| Net assets without donor restrictions | $490,505 |
| 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 | $902,255 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Renaissance Charter School 2 has recieved totaling $44.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $44 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Our World Neighborhood Charter School Astoria, NY | $8,035,800 | $19,394,981 |
Zeta Charter Schools - New York City Bronx, NY | $8,294,050 | $24,042,847 |
Tapestry Charter School Buffalo, NY | $42,673,326 | $19,036,142 |
Belmont Charter School Philadelphia, PA | $6,922,339 | $21,008,354 |
Riverton Street Charter School Jamaica, NY | $876,028 | $18,020,045 |
Community Partnership Charter School Brooklyn, NY | $6,697,823 | $17,421,510 |
University Heights Charter School Of Excellence Inc Newark, NJ | $19,966,425 | $19,377,888 |
Propel Charter School Sunrise Pittsburgh, PA | $9,914,076 | $19,454,226 |
West Oak Lane Charter School Philadelphia, PA | $9,484,536 | $17,633,515 |
New World Preparatory Charter School Staten Island, NY | $11,039,877 | $15,891,688 |
Central Jersey College Preparatory Charter School Somerset, NJ | $11,475,546 | $18,846,415 |
Mast Community Charter School Iii Philadelphia, PA | $53,124,349 | $21,172,350 |