Grand Concourse Academy Charter School
- Assets
- $16.0m
- Revenue
- $15.1m
- Investments
- $0.0
- Employees
- 106
- Location
- Bronx, NY
- Founding
- 01/2006
- Data as of
- 06/2022
- EIN
- 83-0396763
Organization Overview
Grand Concourse Academy Charter School is located in Bronx, NY. The organization was established in 2006. 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, Grand Concourse Academy Charter School employed 106 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grand Concourse Academy 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, Grand Concourse Academy Charter School generated $15.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $13.8m during the year ending 06/2022. While expenses have increased by 11.2% 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 CREATE A CHALLENGING LEARNING ENVIRONMENT THAT ADDRESSES AND MEETS THE NEEDS OF STUDENTS IN NEW YORK CITY AND TO OFFER STUDENTS A HIGH QUALITY PUBLIC EDUCATION ON A NONDISCRIMINATORY AND SECULAR BASIS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLIC EDUCATION ON A NONDISCRIMINATORY AND SECULAR BASIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ira Victor Principal | 40 | $392,945 | |
Martin Mcdowell Sr Director-Business Operation | 40 | $181,237 | |
Maureen Howard Director-Elementary | 40 | $171,172 | |
Michael Simonetti Director-Operation | 40 | $133,656 | |
Evelyn Velez Director-Assessmen | 40 | $135,174 | |
Wayne Sparacino Teacher | 40 | $120,471 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ta New York City Ba Llc Rent | 6/29/22 | $1,798,863 |
United Healthcare Insurance Company Health Insurance | 6/29/22 | $835,520 |
Red Rabbit Llc Food Service | 6/29/22 | $239,249 |
Lubrano Ciavarra Architects Pllc Architectural & Design | 6/29/22 | $188,686 |
Wright Specialty Premium Trust Insurance | 6/29/22 | $116,974 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,663,488 |
| All other contributions, gifts, grants, and similar amounts not included above | $29,546 |
| Noncash contributions included in lines 1a–1f | $46,890 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,693,034 |
| Total Program Service Revenue | $13,392,856 |
| Investment income | $1,088 |
| 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 | $15,086,978 |
| 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. | $1,274,782 |
| Compensation of current officers, directors, key employees. | $156,545 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,743,725 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,017,444 |
| Payroll taxes | $563,750 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $348,785 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $66,774 |
| Royalties | $0 |
| Occupancy | $3,363,559 |
| Travel | $490 |
| 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 | $140,323 |
| Insurance | $126,882 |
| All other expenses | $347,855 |
| Total functional expenses | $13,755,661 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,092,341 |
| Savings and temporary cash investments | $10,022,807 |
| Pledges and grants receivable | $1,113,613 |
| Accounts receivable, net | $731 |
| 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 | $14,785 |
| Net Land, buildings, and equipment | $2,362,601 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $405,489 |
| Total assets | $16,012,367 |
| Accounts payable and accrued expenses | $1,374,872 |
| Grants payable | $0 |
| Deferred revenue | $265,539 |
| 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 | $1,640,411 |
| Net assets without donor restrictions | $14,371,956 |
| 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 | $16,012,367 |