Renaissance Charter School 2
- Assets
- $2.2m
- Revenue
- $6.1m
- Investments
- $0.0
- Employees
- 41
- Location
- Maspeth, NY
- Founding
- 02/2019
- Data as of
- 06/2022
- 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 06/2022, Renaissance Charter School 2 employed 41 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 06/2022, Renaissance Charter School 2 generated $6.1m in total revenue. All expenses for the organization totaled $4.9m during the year ending 06/2022. While expenses have increased by 145.9% per year over the past 4 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
2022
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Everett Boyd Principal | Officer | 40 | $138,111 |
Florence Evans Asst. Principal | 40 | $121,014 | |
Stacey Gauthier Executive Dir. | Officer | 10 | $0 |
Denise Hur Dir. Of Finance | Officer | 10 | $0 |
Monte Joffee Chairperson | OfficerTrustee | 1 | $0 |
John Harrison York Vice Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,994,340 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,038 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,006,378 |
| Total Program Service Revenue | $44,221 |
| 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 | $6,061,868 |
| 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. | $279,756 |
| Compensation of current officers, directors, key employees. | $57,826 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,031,168 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $230,906 |
| Payroll taxes | $198,845 |
| Fees for services: Management | $88,458 |
| Fees for services: Legal | $19,098 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $18,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $211,996 |
| Advertising and promotion | $24,495 |
| Office expenses | $30,567 |
| Information technology | $112,086 |
| Royalties | $0 |
| Occupancy | $1,016,731 |
| 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 | $96,388 |
| Insurance | $41,769 |
| All other expenses | $24,391 |
| Total functional expenses | $4,866,985 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $508,362 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $462,319 |
| Accounts receivable, net | $12,199 |
| 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 | $212,214 |
| Net Land, buildings, and equipment | $925,125 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $103,650 |
| Total assets | $2,223,869 |
| Accounts payable and accrued expenses | $532,844 |
| 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 | $5,637 |
| Total liabilities | $538,481 |
| Net assets without donor restrictions | $1,685,388 |
| 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 | $2,223,869 |