Amber Charter School FY2023 filing

Tax-deductible

New York, NY501(c)(3)Since 2000EducationEIN 13-4119814Revenue $27.2M in FY2023

On file with the IRSambercharter.org220 E 106th Street, 10029-4020 · New York, NYTax-exempt since Oct 2000School — 170(b)(1)(A)(ii)

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To provide our students an academically rigorous and well-rounded education, along with strong character development, that will enable them to prosper in future endeavors.

501(c)(3) charity; gifts are tax-deductible.
72¢ of each $1 spent went to programs.
$1.6M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average surplus $117K a year · under 1% of revenue · last 6 filings
Worth a look: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
72%
of spending
Fine: 72% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.6M
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Looks good: 3.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $186K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$109.5M
91% of total assets
Concern: liabilities are 91% of assets; over 80%.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$27.2M
-3% vs prior year
Spent
$28.5M
To programs
72%
Net assets
$10.6M
By yearFY2020–FY2025
Revenue
$27.2M
FY2023▼ -3%
Tap a bar for its year
Revenue by fiscal year
FY2020$17.7M
FY2021$20.9M
FY2022$28.0M
FY2023$27.2M
FY2024$29.7M
FY2025$31.1M
Expenses
$28.5M
FY2023▼ -6%
Tap a bar for its year
Expenses by fiscal year
FY2020$14.7M
FY2021$17.3M
FY2022$30.3M
FY2023$28.5M
FY2024$31.4M
FY2025$31.7M
Net assets
$10.6M
FY2023▼ -11%
Tap a bar for its year
Net assets by fiscal year
FY2020$10.6M
FY2021$14.2M
FY2022$11.9M
FY2023$10.6M
FY2024$8.8M
FY2025$8.3M

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 2000.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

72 cents of each dollar spent went to programs.

Program services 72% · $20.5M Management & general 28% · $8.1M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

23 people listed on the 990; $1.6M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Executive Director
$221,471Pt VII · Sec A
Chief Academic Officer
$209,827Pt VII · Sec A
Co-Chief Executive Officer
$203,100Pt VII · Sec A
Chief Communiation Officer
$186,867Pt VII · Sec A
Co-Chief Executive Officer
$164,260Pt VII · Sec A
Special Education Coordinator
$107,054Pt VII · Sec A
Assistant Principal
$106,111Pt VII · Sec A
Technology Teacher
$102,515Pt VII · Sec A

Veronica Almedina’s $264K as Co-Chief Executive Officer is at the 56th percentile of top reported officer pay among 3683 $10–100M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Vasthi Acosta——$221,471$263,771$296,520$245,213
Veronica Almedina$263,536$258,948$164,260$164,389$144,698$132,275
Kirsys Gomez$261,071$256,920$203,100$149,746——
Sashemani Elliott$204,965$196,232$209,827$163,143$140,477$137,793
Christine Ganey$200,331$192,472$186,867$161,208$143,637$120,503
Karen Drezner———$180,785$177,787$117,421
Heidi Hamilton———$172,225$165,723$156,832
Meirelys Ruiz$164,843—————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Offers rigorous academics and character development to help students succeed.

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Provided by the organization

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1 program · $20.5M · in their own filed words · FY2022
01

The organization operates three charter schools in the city of new york. The schools are open to the general public (admission by lottery). Amber's mission is to provide students with an academically rigorous and well-rounded education, along with strong character development, that will enable them to prosper in future endeavors.

$20.5Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
50can INCFY2024$116K
Total grants receivedfrom 4 funders$186K
See all 4 funders →

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$27.2M
Ln 12
Fees for servicesLn 2g$18.9M
Gifts and grantsLn 1h$8.3M
Investment incomeLn 3$7K
Money outPt IX
$28.5M
Ln 25
Programscol B$20.5M
Managementcol C$8.1M
Owns and owesPt X
$10.6M
net assets · Ln 32
Cash and savingsLn 1–2$8.1M
Total assetsLn 16$120.1M
LiabilitiesLn 26$109.5M
PeoplePt VI, VII
23
listed · VII A
PaidVII A11
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$8.3M
Government grantsLn 1e$7.2M
Noncash giftsLn 1g$80K
Fees for servicesLn 2g$18.9M
Investment incomeLn 3$7K
Total revenueLn 12$27.2M
Assets in detailPt X, end of year
CashLn 1$6.1M
SavingsLn 2$2.0M
Cash and savings togetherLn 1–2$8.1M
Land, buildings, equipmentLn 10c$5.5M
Other assetsLn 15$100.7M
Total assetsLn 16$120.1M
LiabilitiesLn 26$109.5M
Net assetsLn 32$10.6M
OperationsPt I, VI
EmployeesI 5172
VolunteersI 611
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$8.3M$8.1M
Land, buildings, equipmentLn 10c$6.0M$5.5M
Total assetsLn 16$23.8M$120.1M
LiabilitiesLn 26$11.9M$109.5M
Net assetsLn 32$11.9M$10.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$1.2M$231K$926K
Pay of disqualified personsLn 6$11.5M$8.2M$3.3M
Pension plan contributionsLn 8$445K$328K$117K
Other employee benefitsLn 9$2.4M$1.7M$677K
Payroll taxesLn 10$849K$577K$272K
Legal feesLn 11b$4K$4K
Accounting feesLn 11c$132K$132K
Other fees for servicesLn 11g$2.4M$2.0M$434K
Advertising and promotionLn 12$255K$116K$139K
Office expensesLn 13$126K$25K$101K
Information technologyLn 14$199K$179K$20K
OccupancyLn 16$6.5M$4.8M$1.7M
TravelLn 17$47K$22K$25K
InterestLn 20$124K$101K$23K
Depreciation, depletion and amortizationLn 22$685K$617K$69K
InsuranceLn 23$161K$39K$123K
Other expenses (24a–d)Ln 24$1.5M$1.5M$18K
All other expensesLn 24e$158K$114K$44K
Total functional expensesLn 25$28.5M$20.5M$8.1M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $31.1M$31.7M−$550K$8.3M 990 PDF
FY2024 $29.7M$31.4M−$1.8M$8.8M 990 PDF
FY2023 Viewing $27.2M$28.5M−$1.3M$10.6M 990 PDF
FY2022 $28.0M$30.3M−$2.3M$11.9M 990 PDF
FY2021 $20.9M$17.3M$3.6M$14.2M 990 PDF
FY2020 $17.7M$14.7M$3.0M$10.6M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $27,184,747 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $7,812,820$8,298,915
I-9 Program service revenuePrior year $20,210,862$18,879,186
I-10 Investment incomePrior year $154$6,646
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $28,023,836$27,184,747
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $15,346,132$16,287,854
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $14,961,632$12,235,298
I-18 Total expensesPrior year $30,307,764$28,523,152
I-19 Revenue less expensesPrior year −$2,283,928−$1,338,405
Part VI · Governance 13 of 13 board members independent, no flags
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $27,184,747 across 7 lines filed
VIII-1e Government grants$7,228,961
VIII-1f All other contributions, gifts and grants$1,069,954
VIII-1g Noncash contributions (included above)$80,164
VIII-1h Total contributions, gifts and grants$8,298,915
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $18,879,186$18,879,186
VIII-3 Investment incomeExcluded from tax $6,646$6,646
VIII-12 Total revenueRelated to mission $18,879,186 · Unrelated business $0 · Excluded from tax $6,646$27,184,747
Part IX · Statement of functional expenses $28,523,152 across 18 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $231,406 · Management $925,628$1,157,034
IX-6 Pay of disqualified personsPrograms $8,201,831 · Management $3,265,220$11,467,051
IX-8 Pension plan contributionsPrograms $327,757 · Management $117,367$445,124
IX-9 Other employee benefitsPrograms $1,693,102 · Management $676,754$2,369,856
IX-10 Payroll taxesPrograms $577,177 · Management $271,612$848,789
IX-11b Legal feesManagement $4,000$4,000
IX-11c Accounting feesManagement $132,126$132,126
IX-11g Other fees for servicesPrograms $1,950,542 · Management $434,291$2,384,833
IX-12 Advertising and promotionPrograms $115,803 · Management $139,012$254,815
IX-13 Office expensesPrograms $25,168 · Management $100,667$125,835
IX-14 Information technologyPrograms $179,001 · Management $19,888$198,889
IX-16 OccupancyPrograms $4,780,731 · Management $1,670,559$6,451,290
IX-17 TravelPrograms $22,028 · Management $25,260$47,288
IX-20 InterestPrograms $100,959 · Management $22,590$123,549
IX-22 Depreciation, depletion and amortizationPrograms $616,515 · Management $68,502$685,017
IX-23 InsurancePrograms $38,544 · Management $122,898$161,442
IX-24 Other expenses (24a–d)Programs $1,490,309 · Management $17,695$1,508,004
IX-24e All other expensesPrograms $113,827 · Management $44,383$158,210
IX-25 Total functional expensesPrograms $20,464,700 · Management $8,058,452 · Fundraising $0$28,523,152
Part X · Balance sheet $120,117,489 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $8,325,197$6,135,295
X-2 Savings and temporary cash investments$2,003,661
X-4 Accounts receivableStart of year $3,326,644$5,293,245
X-9 Prepaid expenses and deferred chargesStart of year $48,963$478,077
X-10c Land, buildings and equipment, netStart of year $5,981,220$5,489,573
X-15 Other assetsStart of year $6,145,305$100,717,638
X-16 Total assetsStart of year $23,827,329$120,117,489
X-17 Accounts payable and accrued expensesStart of year $2,448,389$2,788,765
X-19 Deferred revenueStart of year $117,206$55,304
X-25 Other liabilitiesStart of year $7,267,279$104,927,364
X-26 Total liabilitiesStart of year $11,889,809$109,518,374
X-27 Net assets without donor restrictionsStart of year $11,937,520$10,599,115
X-32 Total net assets or fund balancesStart of year $11,937,520$10,599,115
X-33 Total liabilities and net assetsStart of year $23,827,329$120,117,489
Part XI · Reconciliation of net assets $10,599,115 net assets at year end
XI-1 Total revenue$27,184,747
XI-2 Total expenses$28,523,152
XI-3 Revenue less expenses−$1,338,405
XI-4 Net assets at start of year$11,937,520
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$10,599,115

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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