Bronx Charter School for Better Learning FY2020 filing

Tax-deductible

Bronx, NY501(c)(3)Since 2003EducationEIN 26-0061118Revenue $17.6M in FY2020

On file with the IRSbronxbetterlearning.org3740 Baychester Ave, 10466-5031 · Bronx, NYTax-exempt since Dec 2003School — 170(b)(1)(A)(ii)

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Bronx Charter School for Better Learning provides its students with a solid foundation for academic success, through achievements that exceeds citywide averages and meets or exceeds new york state standards and national norms in all curriculum areas tested.

501(c)(3) charity; gifts are tax-deductible.
93¢ of each $1 spent went to programs.
$1.3M 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

FY2020 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $2.3M a year · 11% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.3M
to officers and key staff · 8% of spending
Looks good: pay to officers and key staff is 8% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 4.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $1K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.6M
24% of total assets
Looks good: liabilities are 24% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$17.6M
Spent
$15.9M
To programs
93%
Net assets
$5.2M
By yearFY2020–FY2024
Revenue
$17.6M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$17.6M
FY2021$19.3M
FY2022$20.3M
FY2023$20.5M
FY2024$22.7M
FY2024$21.7M
Expenses
$15.9M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$15.9M
FY2021$15.6M
FY2022$18.0M
FY2023$19.5M
FY2024$20.0M
FY2024$20.0M
Net assets
$5.2M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$5.2M
FY2021$8.9M
FY2022$11.1M
FY2023$12.2M
FY2024$14.9M
FY2024$17.1M

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 2003.

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

Where the money goes

93 cents of each dollar spent went to programs.

Program services 93% · $14.8M Management & general 6% · $900K Fundraising 1% · $160K

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

19 people listed on the 990; $1.3M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
$189,615Pt VII · Sec A
Professional Development Specialist
$174,580Pt VII · Sec A
Professional Development Specialist
$167,602Pt VII · Sec A
Director of Student Suppor
$163,293Pt VII · Sec A
Professional Development Specialist
$153,641Pt VII · Sec A
Professional Development Specialist
$152,669Pt VII · Sec A
Former Exec Dir (as of June 2019)
$150,099Pt VII · Sec A
$135,638Pt VII · Sec A

Shubert Jacobs’s $258K as Executive Director is at the 55th 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

NameFY2024FY2024FY2023FY2022FY2021FY2020
Shubert Jacobs$257,530$257,530$261,631$196,241$197,574$189,615
Dr Thomas Howard JR——$149,431$239,407$191,276—
Aderemi Ogundiran$178,861$178,862$239,018$182,817$175,803$163,293
Stephanie Poillucci$203,059$203,059$189,783$160,353$145,048$153,641
Paula Hajar$195,440$195,440$197,407$164,260$156,308$167,602
Rose Lee$157,904$157,904$189,838———
Theodore Swartz———$178,077$167,278$174,580
Dasha Alexander$165,279$165,279$171,925———

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 students to achieve academic success exceeding citywide averages.

Provided by the organization

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1 program · $14.8M · in their own filed words · FY2019
01

Provided students with a solid foundation for academic success for grades kindergarten through fifth grade, through achievement that exceeds citywide averages and meets or exceeds new york state standards in all curriculum areas.

$14.8Mprogram 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
Total grants receivedfrom 1 funder$1K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$17.6M
Ln 12
Fees for servicesLn 2g$16.5M
Gifts and grantsLn 1h$1.0M
Investment incomeLn 3$21K
Money outPt IX
$15.9M
Ln 25
Programscol B$14.8M
Managementcol C$900K
Fundraisingcol D$160K
Owns and owesPt X
$5.2M
net assets · Ln 32
Cash and savingsLn 1–2$5.4M
Total assetsLn 16$6.8M
LiabilitiesLn 26$1.6M
PeoplePt VI, VII
19
listed · VII A
PaidVII A8
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.0M
Government grantsLn 1e$851K
Fees for servicesLn 2g$16.5M
Investment incomeLn 3$21K
Total revenueLn 12$17.6M
Assets in detailPt X, end of year
CashLn 1$1.3M
SavingsLn 2$4.1M
Cash and savings togetherLn 1–2$5.4M
Land, buildings, equipmentLn 10c$364K
Other assetsLn 15$157K
Total assetsLn 16$6.8M
LiabilitiesLn 26$1.6M
Net assetsLn 32$5.2M
OperationsPt I, VI
EmployeesI 5193
VolunteersI 612
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 FY20End FY20
Cash and savingsLn 1–2$4.0M$5.4M
Land, buildings, equipmentLn 10c$445K$364K
Total assetsLn 16$5.1M$6.8M
LiabilitiesLn 26$1.6M$1.6M
Net assetsLn 32$3.5M$5.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$415K$346K$66K$4K
Other salaries and wagesLn 7$10.7M$10.1M$470K$113K
Pension plan contributionsLn 8$263K$248K$12K$3K
Other employee benefitsLn 9$1.9M$1.8M$90K$20K
Payroll taxesLn 10$877K$826K$42K$9K
Legal feesLn 11b$8K$8K
Accounting feesLn 11c$36K$36K
Other fees for servicesLn 11g$380K$302K$77K$653
Advertising and promotionLn 12$62K$14K$48K$119
Office expensesLn 13$108K$102K$5K$1K
Information technologyLn 14$57K$55K$2K$406
OccupancyLn 16$89K$84K$4K$924
Depreciation, depletion and amortizationLn 22$257K$242K$13K$3K
InsuranceLn 23$93K$88K$4K$929
Other expenses (24a–d)Ln 24$584K$567K$14K$3K
All other expensesLn 24e$79K$68K$10K$2K
Total functional expensesLn 25$15.9M$14.8M$900K$160K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $22.7M$20.0M$2.7M$14.9M 990 PDF
FY2023 $20.5M$19.5M$1.1M$12.2M 990 PDF
FY2022 $20.3M$18.0M$2.2M$11.1M 990 PDF
FY2021 $19.3M$15.6M$3.7M$8.9M 990 PDF
FY2020 Viewing $17.6M$15.9M$1.7M$5.2M 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 FY2020 990 (6 parts)
Part I · Summary $17,592,652 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,150,942$1,024,689
I-9 Program service revenuePrior year $14,389,591$16,547,610
I-10 Investment incomePrior year $7,127$21,353
I-11 Other revenuePrior year −$685−$1,000
I-12 Total revenuePrior year $15,546,975$17,592,652
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 $12,861,575$14,135,492
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,916,332$1,752,724
I-18 Total expensesPrior year $14,777,907$15,888,216
I-19 Revenue less expensesPrior year $769,068$1,704,436
Part VI · Governance 10 of 10 board members independent, no flags
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
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 $17,592,652 across 7 lines filed
VIII-1e Government grants$851,284
VIII-1f All other contributions, gifts and grants$173,405
VIII-1h Total contributions, gifts and grants$1,024,689
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $16,547,610$16,547,610
VIII-3 Investment incomeExcluded from tax $21,353$21,353
VIII-8 Net income from fundraising eventsExcluded from tax −$1,000−$1,000
VIII-12 Total revenueRelated to mission $16,547,610 · Unrelated business $0 · Excluded from tax $20,353$17,592,652
Part IX · Statement of functional expenses $15,888,216 across 16 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $345,853 · Management $65,523 · Fundraising $3,997$415,373
IX-7 Other salaries and wagesPrograms $10,092,216 · Management $470,413 · Fundraising $112,685$10,675,314
IX-8 Pension plan contributionsPrograms $248,254 · Management $11,826 · Fundraising $2,660$262,740
IX-9 Other employee benefitsPrograms $1,795,444 · Management $89,554 · Fundraising $19,871$1,904,869
IX-10 Payroll taxesPrograms $825,978 · Management $42,042 · Fundraising $9,176$877,196
IX-11b Legal feesManagement $7,748$7,748
IX-11c Accounting feesManagement $35,500$35,500
IX-11g Other fees for servicesPrograms $302,091 · Management $77,325 · Fundraising $653$380,069
IX-12 Advertising and promotionPrograms $13,960 · Management $48,398 · Fundraising $119$62,477
IX-13 Office expensesPrograms $101,833 · Management $4,975 · Fundraising $1,074$107,882
IX-14 Information technologyPrograms $54,729 · Management $1,942 · Fundraising $406$57,077
IX-16 OccupancyPrograms $83,542 · Management $4,238 · Fundraising $924$88,704
IX-22 Depreciation, depletion and amortizationPrograms $241,597 · Management $12,513 · Fundraising $2,744$256,854
IX-23 InsurancePrograms $87,736 · Management $4,300 · Fundraising $929$92,965
IX-24 Other expenses (24a–d)Programs $566,521 · Management $14,330 · Fundraising $3,105$583,956
IX-24e All other expensesPrograms $68,299 · Management $9,633 · Fundraising $1,560$79,492
IX-25 Total functional expensesPrograms $14,828,053 · Management $900,260 · Fundraising $159,903$15,888,216
Part X · Balance sheet $6,790,876 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $1,478,307$1,307,154
X-2 Savings and temporary cash investmentsStart of year $2,552,419$4,054,294
X-3 Pledges and grants receivableStart of year $229,444$478,691
X-4 Accounts receivableStart of year $188,092$407,426
X-9 Prepaid expenses and deferred chargesStart of year $60,594$22,087
X-10c Land, buildings and equipment, netStart of year $444,538$364,470
X-15 Other assetsStart of year $156,129$156,754
X-16 Total assetsStart of year $5,109,523$6,790,876
X-17 Accounts payable and accrued expensesStart of year $1,570,680$1,584,140
X-19 Deferred revenueStart of year $50,726$14,183
X-26 Total liabilitiesStart of year $1,621,406$1,598,323
X-27 Net assets without donor restrictionsStart of year $3,485,085$5,160,808
X-28 Net assets with donor restrictionsStart of year $3,032$31,745
X-32 Total net assets or fund balancesStart of year $3,488,117$5,192,553
X-33 Total liabilities and net assetsStart of year $5,109,523$6,790,876
Part XI · Reconciliation of net assets $5,192,553 net assets at year end
XI-1 Total revenue$17,592,652
XI-2 Total expenses$15,888,216
XI-3 Revenue less expenses$1,704,436
XI-4 Net assets at start of year$3,488,117
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$5,192,553

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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