New York French - American Charter School
- Assets
- $1.4m
- Revenue
- $6.7m
- Investments
- $0.0
- Employees
- 53
- Location
- New York, NY
- Founding
- 12/2010
- Data as of
- 06/2022
- EIN
- 80-0518737
Organization Overview
New York French - American Charter School is located in New York, NY. The organization was established in 2010. 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, New York French - American Charter School employed 53 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New York French - American 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, New York French - American Charter School generated $6.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $7.2m during the year ending 06/2022. While expenses have increased by 8.1% 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
THE MISSION OF THE SCHOOL IS TO DEVELOP GLOBAL CITIZENS WHO ARE BILINGUAL AND BI-LITERATE, AND WHO ARE WELL PREPARED TO ASSUME LEADERSHIP ROLES IN A MULTICULTURAL SOCIETY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
1. RECEIVED $20,000 FROM THE ROBERTS AWARDS FOUNDATION FOR ACADEMIC INTERVENTION SUPPORT SERVICES2. NYFACS WAS APPROVED TO OPEN A 2ND PREK CLASS FOR THE 22-23 SCHOOL YEAR
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Sako Doo | 40 | $103,088 | |
Janet Akindele Teacher | 40 | $107,020 | |
Dr Bertrand Tchoumi Principal | Officer | 40 | $92,914 |
Marc Maurice Thru 721 Principal | Officer | 50 | $85,083 |
Francesca Lujan Assi. Principal | Officer | 40 | $60,618 |
Richard Ortoli Chair | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,662,557 |
| All other contributions, gifts, grants, and similar amounts not included above | $35,097 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,697,654 |
| Total Program Service Revenue | $0 |
| Investment income | $7,032 |
| 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 | $6,716,456 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $225,000 |
| 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. | $386,923 |
| Compensation of current officers, directors, key employees. | $131,553 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,110,928 |
| Pension plan accruals and contributions | $98,538 |
| Other employee benefits | $611,223 |
| Payroll taxes | $273,172 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $86,578 |
| Fees for services: Accounting | $28,595 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $339,720 |
| Advertising and promotion | $71,652 |
| Office expenses | $51,986 |
| Information technology | $57,254 |
| Royalties | $0 |
| Occupancy | $739,706 |
| Travel | $7,624 |
| 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 | $189,308 |
| Insurance | $56,898 |
| All other expenses | $60,969 |
| Total functional expenses | $7,180,704 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $266,085 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $761,109 |
| Accounts receivable, net | $0 |
| 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 | $49,937 |
| Net Land, buildings, and equipment | $298,152 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $60,263 |
| Total assets | $1,435,546 |
| Accounts payable and accrued expenses | $1,485,760 |
| Grants payable | $0 |
| Deferred revenue | $150,000 |
| 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 | $20,510 |
| Total liabilities | $1,656,270 |
| Net assets without donor restrictions | -$250,738 |
| Net assets with donor restrictions | $30,014 |
| 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 | $1,435,546 |