Earl Monroe New Renaissance Basketball Charter School
- Assets
- $686.7k
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Bronx, NY
- Founding
- Data as of
- 06/2021
- EIN
- 83-3394623
Organization Overview
Earl Monroe New Renaissance Basketball Charter School is located in Bronx, NY. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Earl Monroe New Renaissance Basketball 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE SCHOOL WILL HELP STUDENTS FROM SOME OF NYC'S MOST CHALLENGING NEIGHBORHOODS SEE BEYOND THE HARDWOOD TO FIND HOPE AND OPORTUNITY. WE WANT THEM TO BE INSPIRED NOT JUST BY PLAYERS, BUT BY RECOGNIZABLE AND RESPECTED ROLE MODELS FROM PROFESSIONS RELATED TO BASKETBALL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL SERVICES AND POST-SECONDARY EDUCATION PREPAREDNESS FOR STUDENTS IN GRADES 9-12.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alan Fishman Board Chairperson | OfficerTrustee | 1 | $0 |
Jack Irushalmi Board Vice Chair | OfficerTrustee | 1 | $0 |
Aaron Saperstein Board Treasurer | OfficerTrustee | 1 | $0 |
Monica Major Board Secretary | OfficerTrustee | 1 | $0 |
Dr Kern Mojica School Principal | Officer | 40 | $0 |
Dan Klores School Founder And Board President | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $747,905 |
| All other contributions, gifts, grants, and similar amounts not included above | $558,833 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,306,738 |
| Total Program Service Revenue | $0 |
| 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 | $1,306,738 |
| 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. | $93,016 |
| Compensation of current officers, directors, key employees. | $93,016 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $68,950 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,276 |
| Payroll taxes | $11,860 |
| Fees for services: Management | $75,000 |
| Fees for services: Legal | $72,170 |
| Fees for services: Accounting | $2,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $161,476 |
| Advertising and promotion | $122,122 |
| Office expenses | $1,677 |
| Information technology | $2,999 |
| Royalties | $0 |
| Occupancy | $200,000 |
| 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 | $0 |
| Insurance | $9,769 |
| All other expenses | $0 |
| Total functional expenses | $834,937 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $91,077 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $258,152 |
| 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 | $253,535 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $83,956 |
| Total assets | $686,720 |
| Accounts payable and accrued expenses | $146,997 |
| 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 | $109,837 |
| Total liabilities | $256,834 |
| Net assets without donor restrictions | $429,886 |
| 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 | $686,720 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Earl Monroe New Renaissance Basketball Charter School has recieved totaling $93,631.
| Awarding Organization | Amount |
|---|---|
Hobson Lucas Family Foundation San Rafael, CA PURPOSE: GENERAL DONATION | $25,000 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: EDUCATION | $21,666 |
American Endowment Foundation Hudson, OH PURPOSE: EDUCATIONAL | $20,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $14,500 |
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $12,465 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trustees Of The Lawrenceville School Lawrenceville, NJ | $908,146,906 | $142,227,478 |
Choate Rosemary Hall Foundation Incorporated Wallingford, CT | $824,930,363 | $80,573,016 |
Hotchkiss School Lakeville, CT | $832,226,197 | $135,336,667 |
Trustees Of Deerfield Academy Deerfield, MA | $1,009,854,595 | $87,019,997 |
Taft School Corporation Watertown, CT | $447,949,060 | $83,525,324 |
Northfield Mount Hermon School Mount Hermon, MA | $279,135,089 | $64,524,302 |
Loomis Institute Windsor, CT | $445,458,169 | $66,028,387 |
Noble And Greenough School Dedham, MA | $357,051,555 | $55,304,957 |
Groton School Groton, MA | $519,152,774 | $50,710,312 |
The Hill School Pottstown, PA | $339,549,890 | $89,638,080 |
Regents Of The Mercersburg College Mercersburg, PA | $535,140,744 | $49,172,082 |
Kent School Corporation Kent, CT | $229,105,384 | $52,388,614 |