Garvey School FY2020 filing

Tax-deductible

Bronx, NY501(c)(3)EducationEIN 26-3399619Revenue $181K in FY2020

On file with the IRSgarveyschool.org950 Baychester Ave, 10475-1703 · Bronx, NYTax-exempt since Apr 2010School — 170(b)(1)(A)(ii)

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The Garvey School is a tuition-based Elementary-Middle School that provides educational services to underserved children in Grades K-8 under a charter granted by the state education department (NYS) Board of Regents

501(c)(3) charity; gifts are tax-deductible.
96¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
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
0 of 4
filings with a surplus
Average deficit $128K a year · 67% of revenue · last 4 filings
Concern: a surplus in 0 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 2.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $2K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$567K
457% of total assets
Concern: liabilities are 457% of assets; over 80%.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$181K
Spent
$218K
To programs
96%
Net assets
−$443K
By yearFY2020–FY2023
Revenue
$181K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$181K
FY2021$159K
FY2022$186K
FY2023$240K
Expenses
$218K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$218K
FY2021$222K
FY2022$304K
FY2023$534K
Net assets
−$443K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020−$443K
FY2021−$506K
FY2022−$673K
FY2023−$955K

From the FY2020 Form 990 (year ending June 2020) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023. IRS ruling in Apr 2010.

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

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $209K Management & general 4% · $9K

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

8 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Mrmber
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A

June Oconnor’s $40K as Executive Director is at the 31st percentile of top reported officer pay among 1613 $100K–1M 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 · 1 named individual · Part VII

NameFY2022FY2021
June Oconnor$40,000$19,600

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.

See Garvey School 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

Educates underserved K-8 students in New York under a state charter.

Provided by the organization

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1 program · $209K · in their own filed words · FY2019
01

The Garvey School 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.

$209Kprogram 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$2K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$181K
Ln 12
Fees for servicesLn 2g$173K
Gifts and grantsLn 1h$8K
Money outPt IX
$218K
Ln 25
Programscol B$209K
Managementcol C$9K
Owns and owesPt X
−$443K
net assets · Ln 32
Cash and savingsLn 1–2$37K
Total assetsLn 16$124K
LiabilitiesLn 26$567K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$8K
Government grantsLn 1e$8K
Fees for servicesLn 2g$173K
Total revenueLn 12$181K
Assets in detailPt X, end of year
CashLn 1$37K
Cash and savings togetherLn 1–2$37K
Land, buildings, equipmentLn 10c$62K
Total assetsLn 16$124K
LiabilitiesLn 26$567K
Net assetsLn 32−$443K
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 FY20End FY20
Cash and savingsLn 1–2$10K$37K
Land, buildings, equipmentLn 10c$322K$62K
Total assetsLn 16$392K$124K
LiabilitiesLn 26$388K$567K
Net assetsLn 32$4K−$443K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$300$300
Other salaries and wagesLn 7$65K$65K
Payroll taxesLn 10$14K$14K
Other fees for servicesLn 11g$4K$4K
Office expensesLn 13$9K$9K
Information technologyLn 14$2K$2K
OccupancyLn 16$86K$86K
Depreciation, depletion and amortizationLn 22$21K$21K
InsuranceLn 23$7K$7K
Other expenses (24a–d)Ln 24$5K$5K
All other expensesLn 24e$6K$6K
Total functional expensesLn 25$218K$209K$9K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest $240K$534K−$294K−$955K 990 PDF
FY2022 $186K$304K−$118K−$673K 990 PDF
FY2021 $159K$222K−$63K−$506K 990 PDF
FY2020 Viewing $181K$218K−$38K−$443K 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 $180,552 revenue, 12 lines filed
I-8 Contributions and grants$8,000
I-9 Program service revenuePrior year $141,086$172,552
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $141,086$180,552
I-13 Grants and similar amounts paid$300
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $76,886$78,751
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $64,200$139,024
I-18 Total expensesPrior year $141,086$218,075
I-19 Revenue less expenses−$37,523
Part VI · Governance 7 of 7 board members independent, no flags
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
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 $180,552 across 4 lines filed
VIII-1e Government grants$8,000
VIII-1h Total contributions, gifts and grants$8,000
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $172,552$172,552
VIII-12 Total revenueRelated to mission $172,552 · Unrelated business $0 · Excluded from tax $0$180,552
Part IX · Statement of functional expenses $218,075 across 11 lines filed
IX-1 Grants to domestic organizationsPrograms $300$300
IX-7 Other salaries and wagesPrograms $65,150$65,150
IX-10 Payroll taxesPrograms $13,601$13,601
IX-11g Other fees for servicesPrograms $3,500$3,500
IX-13 Office expensesManagement $9,374$9,374
IX-14 Information technologyPrograms $1,538$1,538
IX-16 OccupancyPrograms $85,952$85,952
IX-22 Depreciation, depletion and amortizationPrograms $20,692$20,692
IX-23 InsurancePrograms $6,891$6,891
IX-24 Other expenses (24a–d)Programs $5,060$5,060
IX-24e All other expensesPrograms $6,017$6,017
IX-25 Total functional expensesPrograms $208,701 · Management $9,374 · Fundraising $0$218,075
Part X · Balance sheet $124,006 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $10,000$36,925
X-4 Accounts receivableStart of year $60,000$25,000
X-10c Land, buildings and equipment, netStart of year $322,069$62,081
X-16 Total assetsStart of year $392,069$124,006
X-17 Accounts payable and accrued expensesStart of year −$65,650$515,000
X-24 Unsecured notes and loans payable$51,999
X-26 Total liabilitiesStart of year $388,152$566,999
X-32 Total net assets or fund balancesStart of year $3,917−$442,993
X-33 Total liabilities and net assetsStart of year $392,069$124,006
Part XI · Reconciliation of net assets −$442,993 net assets at year end
XI-1 Total revenue$180,552
XI-2 Total expenses$218,075
XI-3 Revenue less expenses−$37,523
XI-4 Net assets at start of year$3,917
XI-8 Prior period adjustments−$409,387
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$442,993

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

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