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Bronzeville Academy Charter SC

Chicago, ILUnknown exempt organizationEIN 20-2173013

The organization operates a charter school.

81¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 4
filings with a surplus
Average surplus $254K a year · 4% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.9 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$420K
35% of total assets
Looks good: liabilities are 35% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 3 voting members
Concern: none of 3 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$7.2M
+13% vs prior year
Spent
$6.9M
To programs
81%
Net assets
$785K
By yearFY2020–FY2023
Revenue
$7.2M
FY2023▲ +13%
Revenue by fiscal year
FY2020$4.6M
FY2021$6.5M
FY2022$6.4M
FY2023$7.2M
Expenses
$6.9M
FY2023▲ +5%
Expenses by fiscal year
FY2020$4.4M
FY2021$5.7M
FY2022$6.6M
FY2023$6.9M
Net assets
$785K
FY2023▲ +44%
Net assets by fiscal year
FY2020$21K
FY2021$823K
FY2022$545K
FY2023$785K

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

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023.

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

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $5.6M Management & general 19% · $1.3M

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

Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
J Thornton
Vice President
$0Pt VII · Sec A
L Jefferson
President
$0Pt VII · Sec A
Lamarr Miller
Treasurer
$0Pt VII · Sec A
See Bronzeville Academy Charter SC executive salaries →

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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

Operates a charter school for students.

Provided by the organization

This section is blank until Bronzeville Academy Charter SC claims this page.

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1 program service account for $6.9M of program spending, described in the organization's own filed words · FY2022.
01

The organization operates a charter school.

$6.9Mprogram expense

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By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$7.2M
Ln 12
Fees for servicesLn 2g$7.2M
Money outPt IX
$6.9M
Ln 25
Programscol B$5.6M
Managementcol C$1.3M
Owns and owesPt X
$785K
net assets · Ln 32
Cash and savingsLn 1–2$492K
Total assetsLn 16$1.2M
LiabilitiesLn 26$420K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$7.2M
Total revenueLn 12$7.2M
Assets in detailPt X, end of year
CashLn 1$492K
Cash and savings togetherLn 1–2$492K
Total assetsLn 16$1.2M
LiabilitiesLn 26$420K
Net assetsLn 32$785K
OperationsPt I, VI
EmployeesI 50
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$706K$492K
Total assetsLn 16$918K$1.2M
LiabilitiesLn 26$373K$420K
Net assetsLn 32$545K$785K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other fees for servicesLn 11g$221K$185K$36K
Advertising and promotionLn 12$195K$195K
Office expensesLn 13$100K$100K
Information technologyLn 14$221K$221K
OccupancyLn 16$689K$676K$13K
TravelLn 17$258K$245K$13K
InterestLn 20$7K$7K
InsuranceLn 23$299K$263K$36K
Other expenses (24a–d)Ln 24$4.3M$3.9M$415K
All other expensesLn 24e$636K$372K$264K
Total functional expensesLn 25$6.9M$5.6M$1.3M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest Viewing $7.2M$6.9M$258K$785K 990 PDF
FY2022 $6.4M$6.6M−$258K$545K 990 PDF
FY2021 $6.5M$5.7M$782K$823K 990 PDF
FY2020 $4.6M$4.4M$235K$21K 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 (4 parts)
Part VIII · Statement of revenue $7,201,876 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $7,201,876$7,201,876
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $7,201,876$7,201,876
Part IX · Statement of functional expenses $6,944,204 across 10 lines filed
IX-11g Other fees for servicesPrograms $184,996 · Management $35,723$220,719
IX-12 Advertising and promotionManagement $195,154$195,154
IX-13 Office expensesManagement $99,859$99,859
IX-14 Information technologyManagement $221,192$221,192
IX-16 OccupancyPrograms $675,931 · Management $13,432$689,363
IX-17 TravelPrograms $245,398 · Management $12,921$258,319
IX-20 InterestManagement $7,489$7,489
IX-23 InsurancePrograms $263,482 · Management $35,929$299,411
IX-24 Other expenses (24a–d)Programs $3,901,288 · Management $415,234$4,316,522
IX-24e All other expensesPrograms $372,192 · Management $263,984$636,176
IX-25 Total functional expensesPrograms $5,643,287 · Management $1,300,917 · Fundraising $0$6,944,204
Part X · Balance sheet $1,205,125 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $706,203$492,329
X-3 Pledges and grants receivableStart of year $197,039$701,467
X-9 Prepaid expenses and deferred chargesStart of year $14,810$11,329
X-16 Total assetsStart of year $918,052$1,205,125
X-17 Accounts payable and accrued expensesStart of year $53,322$120,221
X-24 Unsecured notes and loans payableStart of year $319,800$300,000
X-26 Total liabilitiesStart of year $373,122$420,221
X-27 Net assets without donor restrictionsStart of year $544,930$784,904
X-32 Total net assets or fund balancesStart of year $544,930$784,904
X-33 Total liabilities and net assetsStart of year $918,052$1,205,125
Part XI · Reconciliation of net assets $784,904 net assets at year end
XI-1 Total revenue$7,201,876
XI-2 Total expenses$6,944,204
XI-3 Revenue less expenses$257,672
XI-4 Net assets at start of year$544,930
XI-8 Prior period adjustments−$17,698
XI-10 Net assets at end of year$784,904

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

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