Icahn Charter School 5 is located in Bronx, NY. The organization was established in 2013. 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, Icahn Charter School 5 employed 49 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Icahn Charter School 5 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, Icahn Charter School 5 generated $6.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $6.5m during the year ending 06/2022. While expenses have increased by 9.4% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PREPARE STUDENTS TO PARTICIPATE IN A RIGOROUS ACADEMIC ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE OTHE ICAHN CHARTER SCHOOL PROVIDES A COMPREHENSIVE K-8 PUBLIC EDUCATION BASED ON E.D. HIRSCH'S CORE KNOWLEDGE SEQUENCE, A NATIONALLY RECOGNIZED CURRICULUM BASED ON THE CONCEPT THAT EVERY CHILD SHOULD BE EQUIPPED WITH A CORE FOUNDATION OF KNOWLEDGE AND SKILLS SO THAT THEY ARE ARMED WITH THE COMMON KNOWLEDGE BASE NECESSARY TO COMPETE IN ANY SETTING. THE CORE KNOWLEDGE FOUNDATION BELIEVES THAT WHAT DISTINGUISHES THE CORE KNOWLEDGE SEQUENCE FROM OTHER CURRICULUM GUIDES IS THAT THE SEQUENCE EMBODIES THREE ESSENTIAL QUALITIES OVERLOOKED BY OTHER GUIDES. THE CORE KNOWLEDGE SEQUENCE IN ALL SUBJECT AREAS IS (1) CONTENT-SPECIFIC, (2) CUMULATIVE, AND (3) COHERENT. THE SCHOOL'S CURRICULUM IN ELA & MATH IS COMPRISED OF THE FOLLOWING:- THE ENGLISH LANGUAGE ARTS PROGRAM USES DIRECT, EXPLICIT, SYSTEMATIC AND SEQUENTIAL PHONICS INSTRUCTION AND DECODABLE LITERATURE TO PROMOTE EARLY READING SUCCESS THAT TAKES OUR STUDENTS FROM LEARNING TO READ, TO READING TO LEARN EXPERIENCES. STUDENTS ENGAGE IN INTERACTIVE READ ALOUDS, SCAFFOLDED CLOSE READING WITH COMPLEX TEXT THAT LEADS THEM TO INDEPENDENCE, LITERATURE CIRCLES AND HAVE A PLETHORA OF OPPORTUNITIES AND RESOURCES TO READ AWARD-WINNING FICTION AND NON-FICTION LITERATURE, BOTH CURRENT AND CLASSICAL THAT IS EXPLORED THROUGH AN ABUNDANCE OF PRINT AND DIGITAL RESOURCES.- THE MATHEMATICS PROGRAM SEQUENCE PROVIDES A RIGOROUS CURRICULUM THAT COVERS UNITS BEYOND THE CONVENTIONAL CURRICULUM AND IS AN INTEGRAL PART OF THE INSTRUCTIONAL PROGRAM. A VARIETY OF APPROACHES ARE USED SUCH AS MATH WORKSHOP, NUMBER SENSE, CONTEXTS FOR LEARNING AND COGNITIVELY GUIDED INSTRUCTION. THE APPROACHES ARE ENHANCED WITH THE USE OF COMMERCIALLY PRODUCED MATH PROGRAMS: ENVISION MATH, EUREKA MATH MODULES, AND I-READY. MATH IS ADDITIONALLY SUPPORTED BY A SUBJECT SPECIALIST AND/OR MATH CONSULTANT. DEMONSTRATION LESSONS, INTER & INTRA VISITATION, VIDEO TAPING OF LESSONS FOR DISCUSSION AND AS STAND-ALONE MODELING, PEER COACHING, AND PROFESSIONAL DEVELOPMENT ENSURE THAT TEACHERSBENEFIT FROM THE LATEST RESEARCH ON THE TEACHING OF NOT JUST MATH BUT ALL SUBJECT MATTER.STUDENTS IN ELA & MATHEMATICS NEEDING TO STRENGTHEN THEIR SKILLS, AS DETERMINED BY BASELINE TESTING AND TEACHER JUDGMENT ARE AFFORDED SMALL GROUP INSTRUCTION FORTY MINUTES EACH DAY, FIVE DAYS A WEEK AS WELL AS ADDITIONAL INSTRUCTION THROUGH BEFORE & AFTER-SCHOOL TUTORING AND SATURDAY ACADEMY.THE LEARNING AND INTEGRATION OF SCIENCE, TECHNOLOGY, ENGINEERING, THE ARTS AND MATHEMATICS IN OUR STEAM PROGRAM IS USED AS ACCESS POINTS FOR GUIDING STUDENT INQUIRY, DIALOGUE, AND CRITICAL THINKING AROUND CONTENT KNOWLEDGE. THE ICAHN STEAM PROGRAM PROVIDES A STRONG FOUNDATION OF INTEGRATION AT ITS CORE, WHICH MEANS THAT EACH OF THE AFOREMENTIONED CURRICULAR AREAS IS BOTH TAUGHT IN ITS' OWN RIGHT, AS WELL AS CONNECTED THROUGH COMMON CORE STANDARDS AND ASSESSMENTS.SOCIAL STUDIES & SCIENCE ARE AN INTEGRAL PART OF THE IMPLEMENTATION OF E.D. HIRSH'S CORE KNOWLEDGE CURRICULUM. THE ICAHN STUDENTS, THROUGH PROJECT-BASED LEARNING AND HANDS-ON EXPERIMENTS, LEARN THE IMPORTANCE OF SOCIAL STUDIES & SCIENCE IN THEIR DAILY LIVES AND IN THEIR FUTURE. WITH ONE-ON-ONE COMPUTING IN PLACE IT CAN BE SAID THAT TECHNOLOGY, CODING, AND ROBOTICS ARE WEAVED THROUGH ALL ASPECTS OF THE TEACHING/LEARNING STUDENT EXPERIENCE AT ICAHN. IN A CORE KNOWLEDGE SOCIAL STUDIES CLASS STUDENTS IN EARLY CHILDHOOD BEGIN TO LEARN AND DISCUSS AND EXPLORE TOPICS ABOUT THE EARTH'S CONTINENTS & OCEANS, ANCIENT GREECE AND ROME, EXPLORATION, COLONIALISM, SLAVERY, ETC. AN EMPHASIS IS PLACED ON MULTICULTURALISM THROUGHOUT THE CURRICULUM. THE SOCIAL STUDIES SUBJECT MATTER AS IS ALL SUBJECT CONTENT TO VARYING DEGREES IS ENHANCED BY THE USE OF TECHNOLOGY, GUIDED VIRTUAL TRIPS, PROJECT-BASED LEARNING, DEBATES, GUEST SPEAKERS, VISITING AUTHORS, TRIPS TO MUSEUMS AND HISTORICAL SITES IN NEW YORK AND OUTSIDE OF NEW YORK.CLASSICAL AND CONTEMPORARY ART AND MUSIC ARE STUDIED AND ENHANCED THROUGH THE CORE KNOWLEDGE AND IS SEEN AS AN ESSENTIAL PART OF THE KNOWLEDGE ALL CHILDREN SHOULD LEARN. INSTRUCTION IN THE ARTS TAKES ON MANY FORMS AS OPPORTUNITIES IN THE CLASSROOM TO SING, DANCE, LISTEN TO MUSIC, PLAY ACT, READ & WRITE POETRY, DRAW, PAINT, AND MAKE THINGS. THE STUDENTS ARE EXPOSED TO FINE PAINTINGS, GREAT MUSIC, THEATER, CONCERTS, AND OTHER INSPIRING EXAMPLES OF ART. CLASSICAL AND CONTEMPORARY ART AND MUSIC ARE FURTHER REINFORCED, STUDIED, AND ENHANCED THROUGH THE USE OF ART & MUSIC CONSULTANTS, ATTENDANCE AT LIVE PERFORMANCES ON THE SCHOOL CAMPUS AND OFF, DISPLAYS OF STUDENT VISUAL ARTWORK, BALLROOM DANCE PERFORMANCES, & MANY STUDENT PERFORMANCES SUCH AS SHAKESPEARE'S A MIDSUMMER NIGHTS DREAM OR ROMEO & JULIET.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Danielle Masi Principal | Officer | 40 | $177,625 |
Cathleen Melamed Staff Developer | 40 | $131,861 | |
Diane Fellows Trustee/secretary | OfficerTrustee | 1 | $0 |
Gail Golden-Icahn Chairperson/president | OfficerTrustee | 1 | $0 |
Jeffrey Litt Superintendent | Officer | 9 | $0 |
Richard Santiago - Deputy Superintendent Of Finance/treasurer | Officer | 9 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $866,856 |
All other contributions, gifts, grants, and similar amounts not included above | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $866,856 |
Total Program Service Revenue | $5,273,200 |
Investment income | $5,147 |
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 | $6,146,746 |
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. | $422,997 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $3,035,646 |
Pension plan accruals and contributions | $116,649 |
Other employee benefits | $407,439 |
Payroll taxes | $240,296 |
Fees for services: Management | $0 |
Fees for services: Legal | $12,540 |
Fees for services: Accounting | $35,118 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $53,851 |
Advertising and promotion | $15,237 |
Office expenses | $286,789 |
Information technology | $213,329 |
Royalties | $0 |
Occupancy | $104,748 |
Travel | $27,075 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $755 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $345,051 |
Insurance | $120,646 |
All other expenses | $743 |
Total functional expenses | $6,538,494 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $4,135,730 |
Pledges and grants receivable | $630,588 |
Accounts receivable, net | $44,402 |
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 | $15,734 |
Net Land, buildings, and equipment | $6,114,193 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $124,505 |
Total assets | $11,065,152 |
Accounts payable and accrued expenses | $1,359,098 |
Grants payable | $0 |
Deferred revenue | $52,909 |
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 | $50,241 |
Total liabilities | $1,462,248 |
Net assets without donor restrictions | $3,806,606 |
Net assets with donor restrictions | $5,796,298 |
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 | $11,065,152 |
Over the last fiscal year, we have identified 1 grants that Icahn Charter School 5 has recieved totaling $177,237.
Awarding Organization | Amount |
---|---|
Foundation For A Greater Opportunity Sunny Isles Beach, FL PURPOSE: Construction | $177,237 |
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 |