Grand Concourse Academy Charter School
- Assets
- $14.2m
- Revenue
- $13.4m
- Investments
- $0.0
- Employees
- 89
- Location
- Bronx, NY
- Founding
- 01/2006
- Data as of
- 06/2021
- EIN
- 83-0396763
Organization Overview
Grand Concourse Academy Charter School is located in Bronx, NY. The organization was established in 2006. 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, Grand Concourse Academy Charter School employed 89 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grand Concourse Academy 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, Grand Concourse Academy Charter School generated $13.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.5% each year. All expenses for the organization totaled $11.5m during the year ending 06/2021. While expenses have increased by 9.8% per year over the past 6 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 CREATE A CHALLENGING LEARNING ENVIRONMENT THAT ADDRESSES AND MEETS THE NEEDS OF STUDENTS IN NEW YORK CITY AND TO OFFER STUDENTS A HIGH QUALITY PUBLIC EDUCATION ON A NONDISCRIMINATORY AND SECULAR BASIS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLIC EDUCATION ON A NONDISCRIMINATORY AND SECULAR BASIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ira Victor Principal | 40 | $337,240 | |
Maureen Howard Director-Elementary | 40 | $161,907 | |
Martin Mcdowell Sr Director-Business Operation | 40 | $157,406 | |
Evelyn Velez Director-Assessmen | 40 | $129,015 | |
Michael Simonetti Director-Operation | 40 | $122,068 | |
Wayne Sparacino Teacher | 40 | $121,302 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Network Outsource Equip.wireless&fees | 6/29/16 | $200,795 |
Turner Impact Capital Llc Feasibility Study | 6/29/16 | $150,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,609,469 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,380 |
| Noncash contributions included in lines 1a–1f | $47,196 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,618,849 |
| Total Program Service Revenue | $11,790,475 |
| Investment income | $1,062 |
| 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 | $13,410,386 |
| 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. | $1,179,567 |
| Compensation of current officers, directors, key employees. | $148,268 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,959,056 |
| Pension plan accruals and contributions | $175,307 |
| Other employee benefits | $798,623 |
| Payroll taxes | $485,908 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $245,740 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $71,019 |
| Royalties | $0 |
| Occupancy | $2,656,789 |
| Travel | $13,589 |
| 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 | $104,692 |
| Insurance | $96,121 |
| All other expenses | $131,705 |
| Total functional expenses | $11,485,241 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,902,835 |
| Savings and temporary cash investments | $9,692,528 |
| Pledges and grants receivable | $424,349 |
| Accounts receivable, net | $11,836 |
| 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 | $17,803 |
| Net Land, buildings, and equipment | $2,082,498 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $91,579 |
| Total assets | $14,223,428 |
| Accounts payable and accrued expenses | $1,090,321 |
| Grants payable | $0 |
| Deferred revenue | $92,468 |
| 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 | $1,182,789 |
| Net assets without donor restrictions | $13,040,639 |
| 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 | $14,223,428 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Grand Concourse Academy Charter School has recieved totaling $236.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $236 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mastery Charter High School Philadelphia, PA | $43,740,057 | $52,618,647 |
Public Prep Charter School Academies Bronx, NY | $28,993,375 | $52,903,915 |
Achievement First Inc New Haven, CT | $52,811,061 | $64,422,955 |
Explore Excel Charter School Brooklyn, NY | $21,686,253 | $46,865,700 |
Brooklyn Prospect Charter School Brooklyn, NY | $14,747,543 | $42,286,541 |
Little Red School House Inc New York, NY | $50,588,811 | $36,915,940 |
Philadelphia Performing Arts A String Theory Charter School Philadelphia, PA | $27,708,411 | $43,176,770 |
True North Rochester Preparatorycharter School Rochester, NY | $31,478,453 | $41,687,630 |
Classical Charter Schools Bronx, NY | $15,984,342 | $34,614,781 |
Bronx Charter School For Excellence Bronx, NY | $63,378,035 | $40,736,120 |
Avon Grove Charter School West Grove, PA | $50,579,082 | $34,467,872 |
Science Academies Of New York Charter Schools Syracuse, NY | $37,462,091 | $36,615,185 |