Pharos Academy Charter School FY2022 filing

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Pharos Academy Charter School is a k-12 public Charter School located in the longwood section of the bronx, NY. Our mission is to develop scholars who communicate well, are intellectually curious, and solve problems using different approaches. We are unapologetically committed to educating bronx kids and will stop at nothing to close all urban-education gaps.

Form 990 Part I, line 1, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 20-1107218) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
88¢ of each $1 spent went to programs.
$1.2M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $269K a year · 2% of revenue · last 6 filings
A surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
88%
of spending
88% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.2M
to officers and key staff · 8% of spending
Pay to officers and key staff is 8% of spending.
Part VII, Section A
0.7 mo
of spending, in cash
Plus $2.4M in investments, Pt X · Ln 11–13
0.7 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $161K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$1.6M
16% of total assets
Liabilities are 16% of assets.
Pt X · Ln 26
Independent board members
10
of 10 voting members
10 of 10 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$15.3M
+5% vs prior year
Spent
$15.2M
To programs
88%
Net assets
$8.3M
By yearFY2020–FY2025
Revenue
$15.3M
FY2022▲ +5%
Tap a bar for its year
Revenue by fiscal year
FY2020$12.7M
FY2021$14.6M
FY2022$15.3M
FY2023$16.2M
FY2024$16.2M
FY2025$16.0M
Expenses
$15.2M
FY2022▲ +15%
Tap a bar for its year
Expenses by fiscal year
FY2020$12.7M
FY2021$13.2M
FY2022$15.2M
FY2023$16.1M
FY2024$16.1M
FY2025$16.0M
Net assets
$8.3M
FY2022▲ +1%
Tap a bar for its year
Net assets by fiscal year
FY2020$6.8M
FY2021$8.2M
FY2022$8.3M
FY2023$8.5M
FY2024$8.5M
FY2025$8.5M

From the FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

You’re viewing the FY2022 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 Dec 2004.

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

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $13.4M Management & general 12% · $1.8M

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

18 people listed on the 990; $1.2M paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Principal
$221,205Pt VII · Sec A
Chief Operations Officer
$195,577Pt VII · Sec A
Chief Academic Officer
$164,736Pt VII · Sec A
Managing Dir of Curr. & Instr
$132,588Pt VII · Sec A
Director of Curr. & Inst Stem
$130,829Pt VII · Sec A
Payroll Fin & Data Compliance
$127,107Pt VII · Sec A
Director School Culture
$126,198Pt VII · Sec A
Director of Instruction
$121,068Pt VII · Sec A

Travis Brown’s $336K as Executive Director is at the 71st 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
Travis Brown$335,692$324,577$274,777$221,205$221,498$248,231
Adebunmi Savage$262,649$227,115$199,846$164,736$156,863$137,033
Courtney Russell$256,750$214,533$239,881$195,577——
Elizabeth Pierce—$155,704$172,663$132,588$128,518$107,960
Erin Kim$157,596$152,279$148,783$130,829$130,432$109,660
Maria Dorsey$157,500$145,000$142,169$127,107——
Clara Macneil$154,815—————
Tyron Robinson$145,760—————

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

Educates Bronx children K-12, fostering communication, curiosity, and problem-solving skills.

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1 program · $13.4M · in their own filed words · FY2021
01

Educational Services

A charter school offering classes from kindergarten through twelfth grade. The school had 683 students attending during the fiscal year ended june 30, 2022.

Form 990 Part III, line 4, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 20-1107218) · Dispute this line
$13.4Mprogram 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$161K
Total grants receivedfrom 1 funder$161K

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending Jun 2025 · $1.0M federal money spent
Title I Grants to Local Educational AgenciesDepartment of Education · ALN 84.010 · Through New York State Education Department$491K
National School Lunch ProgramDepartment of Agriculture · ALN 10.555 · Through New York State Education Department$354K
Supporting Effective Instruction State Grants (formerly Improving Teacher Quality State Grants)Department of Education · ALN 84.367 · Through New York State Education Department$58K
School Breakfast ProgramDepartment of Agriculture · ALN 10.553 · Through New York State Education Department$54K
Student Support and Academic Enrichment ProgramDepartment of Education · ALN 84.424 · Through New York State Education Department$39K

Plus 2 smaller programs.

The auditor reported no findings.

Year ending Jun 2024 · $1.9M federal money spent
Education Stabilization FundDepartment of Education · ALN 84.425 · Through New York State Education Department$1.0M
Title I Grants to Local Educational AgenciesDepartment of Education · ALN 84.010 · Through New York State Education Department$446K
National School Lunch ProgramDepartment of Agriculture · ALN 10.555 · Through New York State Education Department$304K
School Breakfast ProgramDepartment of Agriculture · ALN 10.553 · Through New York State Education Department$99K
Improving Teacher Quality State GrantsDepartment of Education · ALN 84.367 · Through New York State Education Department$52K

Plus 2 smaller programs.

The auditor reported no findings.

Year ending Jun 2023 · $2.4M federal money spent
Education Stabilization FundDepartment of Education · ALN 84.425 · Through New York State Education Department$1.2M
Title I Grants to Local Educational AgenciesDepartment of Education · ALN 84.010 · Through New York State Education Department$379K
National School Lunch ProgramDepartment of Agriculture · ALN 10.555 · Through New York State Education Department$336K
Emergency Connectivity Fund ProgramFederal Communications Commission · ALN 32.009 · Through Universal Service Administrative Company$245K
School Breakfast ProgramDepartment of Agriculture · ALN 10.553 · Through New York State Education Department$133K

Plus 4 smaller programs.

The auditor reported no findings.

Year ending Jun 2022 · $2.7M federal money spent
Education Stabilization Fund - Esser II - Elementary and Seondary School Emergency Relief FundDepartment of Education · ALN 84.425 · Through New York State Education Department$2.0M
Title I Grants to Local Educational AgenciesDepartment of Education · ALN 84.010 · Through New York State Education Department$442K
National School Lunch ProgramDepartment of Agriculture · ALN 10.555 · Through New York State Education Department$127K
Supporting Effective Instruction State GrantDepartment of Education · ALN 84.367 · Through New York State Education Department$49K
School Breakfast ProgramDepartment of Agriculture · ALN 10.553 · Through New York State Education Department$42K

Plus 3 smaller programs.

The auditor reported no findings.

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$15.3M
Ln 12
Fees for servicesLn 2g$12.5M
Gifts and grantsLn 1h$2.9M
Investment incomeLn 3$22K
Money outPt IX
$15.2M
Ln 25
Programscol B$13.4M
Managementcol C$1.8M
Owns and owesPt X
$8.3M
net assets · Ln 32
Cash and savingsLn 1–2$893K
Total assetsLn 16$9.9M
LiabilitiesLn 26$1.6M
PeoplePt VI, VII
18
listed · VII A
PaidVII A8
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.9M
Government grantsLn 1e$2.8M
Noncash giftsLn 1g$34K
Fees for servicesLn 2g$12.5M
Investment incomeLn 3$22K
Total revenueLn 12$15.3M
Assets in detailPt X, end of year
CashLn 1$210K
SavingsLn 2$683K
Cash and savings togetherLn 1–2$893K
Accounts receivableLn 4$1.9M
Prepaid expenses and deferred chargesLn 9$65K
Land, buildings, equipmentLn 10c$1.6M
InvestmentsLn 11–13$2.4M
Other assetsLn 15$3.1M
Total assetsLn 16$9.9M
LiabilitiesLn 26$1.6M
Net assetsLn 32$8.3M
OperationsPt I, VI
EmployeesI 5138
VolunteersI 615
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3More from this return
Abroad and in kindSch F, M
Noncash gifts receivedSch M Pt I$34K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$2.9M$893K
InvestmentsLn 11–13$2.5M$2.4M
Land, buildings, equipmentLn 10c$898K$1.6M
Total assetsLn 16$10.3M$9.9M
LiabilitiesLn 26$2.1M$1.6M
Net assetsLn 32$8.2M$8.3M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of officers and key staff (Part IX, line 5)Ln 5$722K$479K$243K
Other salaries and wagesLn 7$7.5M$6.7M$794K
Pension plan contributionsLn 8$103K$97K$6K
Other employee benefitsLn 9$794K$714K$80K
Payroll taxesLn 10$696K$610K$86K
Legal feesLn 11b$24K$21K$3K
Accounting feesLn 11c$232K$204K$28K
Investment management feesLn 11f$6K$6K
Other fees for servicesLn 11g$839K$744K$96K
Advertising and promotionLn 12$647K$567K$80K
Office expensesLn 13$51K$45K$6K
Information technologyLn 14$179K$157K$21K
OccupancyLn 16$778K$682K$96K
Depreciation, depletion and amortizationLn 22$386K$386K
InsuranceLn 23$196K$196K
Other expenses (24a–d)Ln 24$2.1M$2.0M$64K
Total functional expensesLn 25$15.2M$13.4M$1.8M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Feb 3, 2026 $16.0M$16.0M$10K$8.5M 990 PDF
FY2024Filed with the IRS Feb 27, 2025 $16.2M$16.1M$45K$8.5M 990 PDF
FY2023Filed with the IRS Mar 13, 2024 $16.2M$16.1M$130K$8.5M 990 PDF
FY2022 ViewingFiled with the IRS Mar 22, 2023 $15.3M$15.2M$155K$8.3M 990 PDF
FY2021Filed with the IRS May 12, 2022 $14.6M$13.2M$1.3M$8.2M 990 PDF
FY2020Filed with the IRS May 7, 2021 $12.7M$12.7M−$50K$6.8M 990 PDF

Schedules filed Part IV

A · Public support I · Grants J · Pay M · Noncash O · Explanations
See the full FY2022 990
Part I · Summary $15,346,301 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,926,424$2,867,692
I-9 Program service revenuePrior year $11,602,062$12,456,527
I-10 Investment incomePrior year $41,764$22,082
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $14,570,250$15,346,301
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 $8,696,036$9,789,444
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $0$5,401,659
I-18 Total expensesPrior year $8,696,036$15,191,103
I-19 Revenue less expensesPrior year $5,874,214$155,198
Part VI · Governance 10 of 10 board members independent, 1 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $15,346,301 across 7 lines filed
VIII-1e Government grants$2,807,708
VIII-1f All other contributions, gifts and grants$59,984
VIII-1g Noncash contributions (included above)$34,237
VIII-1h Total contributions, gifts and grants$2,867,692
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $12,456,527$12,456,527
VIII-3 Investment incomeExcluded from tax $22,082$22,082
VIII-12 Total revenueRelated to mission $12,456,527 · Unrelated business $0 · Excluded from tax $22,082$15,346,301
Part IX · Statement of functional expenses $15,191,103 across 16 lines filed
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $478,570 · Management $242,985$721,555
IX-7 Other salaries and wagesPrograms $6,680,799 · Management $794,290$7,475,089
IX-8 Pension plan contributionsPrograms $97,208 · Management $5,815$103,023
IX-9 Other employee benefitsPrograms $713,593 · Management $79,966$793,559
IX-10 Payroll taxesPrograms $610,232 · Management $85,986$696,218
IX-11b Legal feesPrograms $21,148 · Management $2,884$24,032
IX-11c Accounting feesPrograms $204,380 · Management $27,870$232,250
IX-11f Investment management feesManagement $6,173$6,173
IX-11g Other fees for servicesPrograms $743,797 · Management $95,550$839,347
IX-12 Advertising and promotionPrograms $566,926 · Management $79,663$646,589
IX-13 Office expensesPrograms $44,538 · Management $6,276$50,814
IX-14 Information technologyPrograms $157,150 · Management $21,429$178,579
IX-16 OccupancyPrograms $681,506 · Management $96,029$777,535
IX-22 Depreciation, depletion and amortizationPrograms $385,864$385,864
IX-23 InsuranceManagement $195,771$195,771
IX-24 Other expenses (24a–d)Programs $2,000,244 · Management $64,461$2,064,705
IX-25 Total functional expensesPrograms $13,385,955 · Management $1,805,148 · Fundraising $0$15,191,103
Part X · Balance sheet $9,897,285 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $2,233,984$209,645
X-2 Savings and temporary cash investmentsStart of year $709,301$683,034
X-4 Accounts receivableStart of year $825,605$1,888,732
X-9 Prepaid expenses and deferred chargesStart of year $109,650$64,909
X-10c Land, buildings and equipment, netStart of year $897,639$1,553,087
X-11 Publicly traded securitiesStart of year $2,543,008$2,357,391
X-15 Other assetsStart of year $2,982,211$3,140,487
X-16 Total assetsStart of year $10,301,398$9,897,285
X-17 Accounts payable and accrued expensesStart of year $2,001,528$1,574,570
X-25 Other liabilitiesStart of year $57,138$0
X-26 Total liabilitiesStart of year $2,058,666$1,574,570
X-27 Net assets without donor restrictionsStart of year $8,238,126$8,318,109
X-28 Net assets with donor restrictionsStart of year $4,606$4,606
X-32 Total net assets or fund balancesStart of year $8,242,732$8,322,715
X-33 Total liabilities and net assetsStart of year $10,301,398$9,897,285
Part XI · Reconciliation of net assets $8,322,715 net assets at year end
XI-1 Total revenue$15,346,301
XI-2 Total expenses$15,191,103
XI-3 Revenue less expenses$155,198
XI-4 Net assets at start of year$8,242,732
XI-5 Net unrealized gains (losses) on investments−$75,215
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$8,322,715

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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