Bold Charter School
- Assets
- $3.2m
- Revenue
- $7.0m
- Investments
- $0.0
- Employees
- 25
- Location
- Bronx, NY
- Founding
- 06/2019
- Data as of
- 06/2022
- EIN
- 83-1419644
Organization Overview
Bold Charter School is located in Bronx, 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, Bold Charter School employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bold 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 06/2022, Bold Charter School generated $7.0m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 61.3% each year . All expenses for the organization totaled $6.0m during the year ending 06/2022. 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
PROVIDE A WORLD-CLASS EDUCATION THAT EQUIPS CHILDREN FROM ALL BACKGROUNDS WITH THE ACADEMIC AND CHARACTER FOUNDATION TO SUCCEED IN COLLEGE AND BEYOND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL SERVICES FOR STUDENTS IN GRADES K-5.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Foglia Executive Director | Officer | 45 | $162,810 |
Leanna Dunsmore Principal | 40 | $135,951 | |
Carson Rockefeller Lead Science Teacher | 40 | $118,231 | |
Yackira Rodolis Student Achievement Coach | 40 | $109,935 | |
Ritu Singh Instructional Coach | 40 | $104,703 | |
Raymond Joseph Jr Board Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bold Schools Inc Rent | 6/29/22 | $923,333 |
1087 Southern Realty Llc Rent | 6/29/22 | $397,500 |
Red Rabbit Llc School Meals For Students | 6/29/22 | $339,737 |
Charter Technology Solutions It Support/consulting | 6/29/22 | $304,899 |
4th Sector Solutions Inc Finance Support/consulting | 6/29/22 | $117,203 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,139,820 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,881 |
| Noncash contributions included in lines 1a–1f | $10,833 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,147,701 |
| Total Program Service Revenue | $5,805,031 |
| Investment income | $18 |
| 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 | $6,952,750 |
| 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. | $168,725 |
| Compensation of current officers, directors, key employees. | $168,725 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,153,867 |
| Pension plan accruals and contributions | $46,180 |
| Other employee benefits | $278,403 |
| Payroll taxes | $191,995 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,435 |
| Fees for services: Accounting | $31,094 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $157,582 |
| Advertising and promotion | $229,314 |
| Office expenses | $132,956 |
| Information technology | $139,889 |
| Royalties | $0 |
| Occupancy | $1,439,863 |
| 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 | $204,648 |
| Insurance | $50,070 |
| All other expenses | $7,809 |
| Total functional expenses | $6,024,639 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,689,843 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $276,903 |
| 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 | $343,933 |
| Net Land, buildings, and equipment | $394,906 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $535,081 |
| Total assets | $3,240,666 |
| Accounts payable and accrued expenses | $118,905 |
| 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 | $435,095 |
| Total liabilities | $554,000 |
| Net assets without donor restrictions | $2,686,666 |
| 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 | $3,240,666 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Bold Charter School has recieved totaling $40,000.
| Awarding Organization | Amount |
|---|---|
The New York City Center For Charter School Excellence New York, NY PURPOSE: COVID-19 CRISIS GRANT | $20,000 |
The New York City Center For Charter School Excellence New York, NY PURPOSE: COVID-19 CRISIS GRANT | $20,000 |
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 |