Bromley East Charter School
- Assets
- $9.0m
- Revenue
- $14.5m
- Investments
- $0.0
- Employees
- 237
- Location
- Brighton, CO
- Founding
- 09/2001
- Data as of
- 06/2023
- EIN
- 84-1554507
Organization Overview
Bromley East Charter School is located in Brighton, CO. The organization was established in 2001. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2023, Bromley East Charter School employed 237 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bromley East 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 06/2023, Bromley East Charter School generated $14.5m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $13.5m during the year ending 06/2023. While expenses have increased by 5.6% per year over the past 3 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
BROMLEY EAST CHARTER SCHOOL IS A K-8 SCHOOL WITH APPROXIMATELY 1211 STUDENTS. ITS MISSION IS TO ENCOURAGE STUDENTS TO LEARN, GROW, AND LEAD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM EXPENSES INCLUDE ALL EXPENDITURES NECESSARY TO OPERATE A K-8 SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Therese Marrugo President | Trustee | 1 | $0 |
Jennifer Stickel Vice President | Trustee | 1 | $0 |
Marc Saldivar Treasurer | Trustee | 1 | $0 |
Cece Totten Secretary | Trustee | 1 | $0 |
Darnelle O'hair Director/policy Manager | Trustee | 1 | $0 |
Ron Hruby Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,478,089 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,491 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,487,580 |
| Total Program Service Revenue | $12,944,130 |
| Investment income | $87,944 |
| 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 | $14,545,225 |
| 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. | $521,577 |
| Compensation of current officers, directors, key employees. | $521,577 |
| Compensation to disqualified persons | $6,069,786 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $1,578,062 |
| Other employee benefits | $929,479 |
| Payroll taxes | $92,923 |
| Fees for services: Management | $316,885 |
| Fees for services: Legal | $5,691 |
| Fees for services: Accounting | $66,881 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $33,126 |
| Office expenses | $0 |
| Information technology | $291,391 |
| Royalties | $0 |
| Occupancy | $1,774,074 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $46,208 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $180,556 |
| All other expenses | $0 |
| Total functional expenses | $13,508,936 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,854,258 |
| Pledges and grants receivable | $78,592 |
| Accounts receivable, net | $82,873 |
| 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 | $263,178 |
| Net Land, buildings, and equipment | $891,518 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,874,950 |
| Total assets | $9,045,369 |
| Accounts payable and accrued expenses | $677,538 |
| Grants payable | $0 |
| Deferred revenue | $1,500 |
| 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 | $17,152,397 |
| Total liabilities | $17,831,435 |
| Net assets without donor restrictions | -$8,786,066 |
| 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 | $9,045,369 |