Key Collegiate Charter School
- Assets
- $2.6m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 33
- Location
- Brooklyn, NY
- Founding
- 05/2018
- Data as of
- 06/2021
- EIN
- 82-4747474
Organization Overview
Key Collegiate Charter School is located in Brooklyn, NY. The organization was established in 2018. 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, Key Collegiate Charter School employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Key Collegiate Charter 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 06/2021, Key Collegiate Charter School generated $4.1m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 50.2% each year . All expenses for the organization totaled $3.5m 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
WITH AN UNAPOLOGETIC FOCUS ON STUDENT SUCCESS, KEY COLLEGIATE CHARTER SCHOOL ("KEY COLLEGIATE") ENSURES THAT ALL STUDENTS IN GRADES 4 THROUGH 8 HAVE THE ACADEMIC SKILLS, PROFESSIONAL HABITS, AND PERSONAL DRIVE NECESSARY TO GAIN ACCESS TO AND EXCEL WITHIN THE HIGH SCHOOLS AND COLLEGES OF THEIR CHOICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE EDUCATIONAL INSTRUCTION TO STUDENTS IN GRADES 4-8 IN A SAFE, SUPPORTIVE, AND INTELLECTUALLY ENGAGING EDUCATIONAL ENVIRONMENT. TOTAL STUDENTS - 126.
SPECIAL EDUCATION - TO PROVIDE EDUCATION TO STUDENTS WITH SPECIAL NEEDS. NUMBER SERVED - 39.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katie Mazer Executive Director (thru July 2021) | Officer | 40 | $140,242 |
Renisha Pierre School Director | 40 | $112,783 | |
Romy Drucker Chair | OfficerTrustee | 1 | $0 |
Ron Russo Vice Chair | OfficerTrustee | 1 | $0 |
Nikki Carroll Treasurer | OfficerTrustee | 1 | $0 |
Nancy Manket Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,390,611 |
| All other contributions, gifts, grants, and similar amounts not included above | $63,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,454,111 |
| Total Program Service Revenue | $2,683,495 |
| Investment income | $651 |
| 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 | $4,138,257 |
| 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. | $149,415 |
| Compensation of current officers, directors, key employees. | $149,415 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,639,904 |
| Pension plan accruals and contributions | $23,932 |
| Other employee benefits | $170,928 |
| Payroll taxes | $150,990 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $35,071 |
| Fees for services: Accounting | $31,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $159,338 |
| Advertising and promotion | $23,510 |
| Office expenses | $28,767 |
| Information technology | $30,433 |
| Royalties | $0 |
| Occupancy | $604,046 |
| 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 | $113,808 |
| Insurance | $40,960 |
| All other expenses | $17,877 |
| Total functional expenses | $3,483,376 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $465,109 |
| Savings and temporary cash investments | $1,506,207 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $246,371 |
| 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 | $3,762 |
| Net Land, buildings, and equipment | $237,671 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $184,200 |
| Total assets | $2,643,320 |
| Accounts payable and accrued expenses | $156,071 |
| 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 | $156,071 |
| Net assets without donor restrictions | $2,487,249 |
| 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 | $2,643,320 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Key Collegiate Charter School has recieved totaling $87,500.
| Awarding Organization | Amount |
|---|---|
Local Initiatives Support Corporation New York, NY PURPOSE: SEE PART IV | $50,000 |
Alden Charitable Foundation Inc Guilford, CT PURPOSE: PROGRAM SUPPORT | $17,500 |
Seed The Dream Foundation Gladwyne, PA PURPOSE: GENERAL FUND | $10,000 |
Seed The Dream Foundation Gladwyne, PA PURPOSE: GENERAL FUND | $10,000 |
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 |