Community Roots Charter School
- Assets
- $5.1m
- Revenue
- $12.5m
- Investments
- $0.0
- Employees
- 162
- Location
- Brooklyn, NY
- Founding
- 07/2007
- Data as of
- 06/2022
- EIN
- 20-4274276
Organization Overview
Community Roots Charter School is located in Brooklyn, NY. The organization was established in 2007. 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, Community Roots Charter School employed 162 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Roots 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, Community Roots Charter School generated $12.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $11.0m during the year ending 06/2022. While expenses have increased by 2.9% per year over the past 8 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
COMMUNITY ROOTS CHARTER SCHOOL IS DEDICATED TO PROVIDING A HIGH QUALITY EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR CORE VALUES AT COMMUNITY ROOTS REALLY SET THE FOUNDATION FOR THE WORK THAT WE DO EVERY DAY. THESE ARE A SMALL SET OF GUIDING PRINCIPLES THAT HAVE A PROFOUND IMPACT ON HOW EVERYONE IN OUR SCHOOL STRIVES TO THINK AND ACT. THEY HAVE INTRINSIC VALUE AND ARE OF SIGNIFICANT IMPORTANCE TO THE STAFF AND CHILDREN AT COMMUNITY ROOTS. SINCE WE ARE AN EXTREMELY DIVERSE COMMUNITY AND ALL ENTER THROUGH OUR SCHOOL DOORS WITH A VARIETY OF BACKGROUNDS, THOUGHTS, AND IDEAS, IT IS THESE FEW AND EXTREMELY POWERFUL GUIDING PRINCIPLES THAT BECOME THE COMMON GROUND THAT WE INVITE ALL OUR CHILDREN TO BE A PART OF AND THE VALUES THAT THEY ARE ASKED TO GUIDE ALL THEIR ACTIONS.THE CORE VALUES ARE EMBEDDED IN OUR EVERY DAY INTERACTIONS, BUT EVERY YEAR FROM SEPTEMBER TO DECEMBER WE FOCUS ON MORE EXPLICIT INSTRUCTION ACROSS THE SCHOOL. BEGINNING WITH THE CORE VALUE: HONOR YOURSELF AND OTHERS, WE TAKE 2 WEEKS AND WORK OUR WAY THROUGH ALL THE CORE VALUES. DURING THIS 2-WEEK SPAN, ACTIVITIES, READ-ALOUDS, AND DISCUSSIONS TAKE PLACE AROUND EACH CORE VALUE.FOR THE 2021-2022 SCHOOL YEAR, WE SERVED APPROXIMATELY 472 STUDENTS IN GRADES KINDERGARTEN THROUGH EIGHTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Allison Keil Co-Founder/k-8 Co-Director | Officer | 60 | $176,404 |
Erin Carstensen Middle School Co-Director | Officer | 60 | $166,742 |
Sara Stone Co-Founder/k-5 Co-Director | Officer | 60 | $172,599 |
Andrew Ngeseyan Chief Financial Officer | Officer | 60 | $148,823 |
Perren Peterson Middle School Co-Director | 60 | $142,292 | |
Jaquetta Bustion Teacher | 40 | $110,351 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,638,991 |
| Investment income | $4,586 |
| 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 | $12,464,679 |
| Statement of Expenses | |
|---|---|
| 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. | $732,649 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,118,544 |
| Pension plan accruals and contributions | $244,360 |
| Other employee benefits | $1,041,273 |
| Payroll taxes | $652,482 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,438 |
| Fees for services: Accounting | $55,805 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $186,217 |
| Advertising and promotion | $54,370 |
| Office expenses | $202,248 |
| Information technology | $68,556 |
| Royalties | $0 |
| Occupancy | $14,795 |
| 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 | $106,816 |
| Insurance | $77,240 |
| All other expenses | $0 |
| Total functional expenses | $10,956,957 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,044,948 |
| Savings and temporary cash investments | $2,228,302 |
| Pledges and grants receivable | $546,533 |
| Accounts receivable, net | $2,640 |
| 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 | $130,480 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,658 |
| Total assets | $5,141,603 |
| Accounts payable and accrued expenses | $1,254,677 |
| 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 | $0 |
| Total liabilities | $1,254,677 |
| Net assets without donor restrictions | $2,380,446 |
| Net assets with donor restrictions | $1,506,480 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $3,886,926 |