Icahn Charter School 4 FY2021 filing

Tax-deductible

Bronx, NY501(c)(3)Since 2009EducationEIN 26-4674992Revenue $5.6M in FY2021

On file with the IRSicahncharterschool4.org1500 Pelham Parkway S, 10461-1100 · Bronx, NYTax-exempt since Mar 2011School — 170(b)(1)(A)(ii)

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To use a rigorous academic program to prepare students with skills and knowledge to participate in rigorous academic environments and develop a sense of personal responsibility.

501(c)(3) charity; gifts are tax-deductible.
87¢ of each $1 spent went to programs.
$351K 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

FY2021 · 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
3 of 6
filings with a surplus
Average deficit $253K a year · 4% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$351K
to officers and key staff · 7% of spending
Looks good: pay to officers and key staff is 7% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
7 mo
of spending, in cash
Looks good: 6.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.4M
14% of total assets
Looks good: liabilities are 14% of assets; 50% or less.
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
$5.6M
+3% vs prior year
Spent
$5.2M
To programs
87%
Net assets
$8.3M
By yearFY2020–FY2025
Revenue
$5.6M
FY2021▲ +3%
Tap a bar for its year
Revenue by fiscal year
FY2020$5.5M
FY2021$5.6M
FY2022$6.4M
FY2023$6.9M
FY2024$7.2M
FY2025$7.3M
Expenses
$5.2M
FY2021▼ -4%
Tap a bar for its year
Expenses by fiscal year
FY2020$5.4M
FY2021$5.2M
FY2022$7.2M
FY2023$7.7M
FY2024$7.6M
FY2025$7.3M
Net assets
$8.3M
FY2021▲ +6%
Tap a bar for its year
Net assets by fiscal year
FY2020$7.9M
FY2021$8.3M
FY2022$7.5M
FY2023$6.6M
FY2024$6.2M
FY2025$6.3M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 2011.

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

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $4.5M Management & general 13% · $692K

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

14 people listed on the 990; $351K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$248,112Pt VII · Sec A
Staff Developer
$103,087Pt VII · Sec A
Deputy Superintendent (thru 05/2021)
$0Pt VII · Sec A
Former Officer
$0Pt VII · Sec A
Chairperson/President
$0Pt VII · Sec A
Trustee/Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Michelle Allen’s $337K as Principal is at the 97th percentile of top reported officer pay among 3394 $1–10M 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
Michelle Allen$336,834$316,767$295,125$260,168$248,112$216,730
Equan Green$124,750$137,556$130,265———
Michelle Sierra—$133,177————
Sherril Taylor——$127,516$108,399$103,087$102,998
Danie Lestin—$121,759————
Sylvia Courman—$118,933$107,719———
Cassie Dulac$113,629$118,500————
Krystine Melicio$117,280—————

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

Prepares students with academic skills and personal responsibility for challenging learning.

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Provided by the organization

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1 program · $4.5M · in their own filed words · FY2020
01

See schedule othe icahn charter school provides a comprehensive k-8 public education based on E.D. Hirsch's core knowledge sequence, a nationally recognized curriculum based on the concept that every child should be equipped with a core foundation of knowledge and skills so that they are armed with the common knowledge base necessary to…

$4.5Mprogram expense

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$5.6M
Ln 12
Fees for servicesLn 2g$5.2M
Gifts and grantsLn 1h$400K
Investment incomeLn 3$827
Money outPt IX
$5.2M
Ln 25
Programscol B$4.5M
Managementcol C$692K
Owns and owesPt X
$8.3M
net assets · Ln 32
Cash and savingsLn 1–2$2.9M
Total assetsLn 16$9.7M
LiabilitiesLn 26$1.4M
PeoplePt VI, VII
14
listed · VII A
PaidVII A2
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$400K
Government grantsLn 1e$400K
Fees for servicesLn 2g$5.2M
Investment incomeLn 3$827
Total revenueLn 12$5.6M
Assets in detailPt X, end of year
SavingsLn 2$2.9M
Cash and savings togetherLn 1–2$2.9M
Land, buildings, equipmentLn 10c$6.4M
Other assetsLn 15$44K
Total assetsLn 16$9.7M
LiabilitiesLn 26$1.4M
Net assetsLn 32$8.3M
OperationsPt I, VI
EmployeesI 556
VolunteersI 69
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 FY21End FY21
Cash and savingsLn 1–2$2.1M$2.9M
Land, buildings, equipmentLn 10c$6.5M$6.4M
Total assetsLn 16$8.9M$9.7M
LiabilitiesLn 26$1.0M$1.4M
Net assetsLn 32$7.9M$8.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$440K$440K
Other salaries and wagesLn 7$2.6M$2.1M$478K
Pension plan contributionsLn 8$83K$65K$18K
Other employee benefitsLn 9$437K$379K$57K
Payroll taxesLn 10$210K$183K$27K
Legal feesLn 11b$791$716$75
Accounting feesLn 11c$34K$31K$3K
Other fees for servicesLn 11g$30K$29K$622
Advertising and promotionLn 12$14K$12K$1K
Office expensesLn 13$99K$84K$15K
Information technologyLn 14$169K$153K$16K
OccupancyLn 16$95K$86K$9K
TravelLn 17$6K$3K$3K
InterestLn 20$3K$2K$1K
Depreciation, depletion and amortizationLn 22$341K$318K$24K
InsuranceLn 23$105K$95K$10K
Other expenses (24a–d)Ln 24$488K$462K$27K
All other expensesLn 24e$660$338$322
Total functional expensesLn 25$5.2M$4.5M$692K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $7.3M$7.3M$67K$6.3M 990 PDF
FY2024 $7.2M$7.6M−$401K$6.2M 990 PDF
FY2023 $6.9M$7.7M−$863K$6.6M 990 PDF
FY2022 $6.4M$7.2M−$829K$7.5M 990 PDF
FY2021 Viewing $5.6M$5.2M$467K$8.3M 990 PDF
FY2020 $5.5M$5.4M$41K$7.9M 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 FY2021 990 (6 parts)
Part I · Summary $5,644,085 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $165,298$399,501
I-9 Program service revenuePrior year $5,257,718$5,243,757
I-10 Investment incomePrior year $33,249$827
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $5,456,265$5,644,085
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 $3,950,237$3,792,000
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,465,278$1,385,490
I-18 Total expensesPrior year $5,415,515$5,177,490
I-19 Revenue less expensesPrior year $40,750$466,595
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 $5,644,085 across 5 lines filed
VIII-1e Government grants$399,501
VIII-1h Total contributions, gifts and grants$399,501
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $5,243,757$5,243,757
VIII-3 Investment incomeExcluded from tax $827$827
VIII-12 Total revenueRelated to mission $5,243,757 · Unrelated business $0 · Excluded from tax $827$5,644,085
Part IX · Statement of functional expenses $5,177,490 across 18 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $440,422$440,422
IX-7 Other salaries and wagesPrograms $2,143,445 · Management $478,348$2,621,793
IX-8 Pension plan contributionsPrograms $65,212 · Management $18,044$83,256
IX-9 Other employee benefitsPrograms $379,294 · Management $57,273$436,567
IX-10 Payroll taxesPrograms $182,781 · Management $27,181$209,962
IX-11b Legal feesPrograms $716 · Management $75$791
IX-11c Accounting feesPrograms $31,039 · Management $3,270$34,309
IX-11g Other fees for servicesPrograms $29,062 · Management $622$29,684
IX-12 Advertising and promotionPrograms $12,308 · Management $1,296$13,604
IX-13 Office expensesPrograms $83,567 · Management $15,339$98,906
IX-14 Information technologyPrograms $152,802 · Management $16,096$168,898
IX-16 OccupancyPrograms $85,717 · Management $9,029$94,746
IX-17 TravelPrograms $3,107 · Management $2,959$6,066
IX-20 InterestPrograms $1,566 · Management $1,491$3,057
IX-22 Depreciation, depletion and amortizationPrograms $317,673 · Management $23,518$341,191
IX-23 InsurancePrograms $95,144 · Management $10,022$105,166
IX-24 Other expenses (24a–d)Programs $461,637 · Management $26,775$488,412
IX-24e All other expensesPrograms $338 · Management $322$660
IX-25 Total functional expensesPrograms $4,485,830 · Management $691,660 · Fundraising $0$5,177,490
Part X · Balance sheet $9,695,075 assets, 18 lines filed
X-2 Savings and temporary cash investmentsStart of year $2,097,005$2,882,791
X-3 Pledges and grants receivableStart of year $100,834$277,068
X-4 Accounts receivableStart of year $21,475$43,018
X-9 Prepaid expenses and deferred chargesStart of year $65,502$47,025
X-10c Land, buildings and equipment, netStart of year $6,484,759$6,401,573
X-15 Other assetsStart of year $104,396$43,600
X-16 Total assetsStart of year $8,873,971$9,695,075
X-17 Accounts payable and accrued expensesStart of year $891,707$1,260,558
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $46,847$47,544
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $62,416$47,377
X-26 Total liabilitiesStart of year $1,000,970$1,355,479
X-27 Net assets without donor restrictionsStart of year $1,632,259$2,321,076
X-28 Net assets with donor restrictionsStart of year $6,240,742$6,018,520
X-32 Total net assets or fund balancesStart of year $7,873,001$8,339,596
X-33 Total liabilities and net assetsStart of year $8,873,971$9,695,075
Part XI · Reconciliation of net assets $8,339,596 net assets at year end
XI-1 Total revenue$5,644,085
XI-2 Total expenses$5,177,490
XI-3 Revenue less expenses$466,595
XI-4 Net assets at start of year$7,873,001
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$8,339,596

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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