The School offers an alternative method of education in the south bronx community.

501(c)(3) charity; gifts are tax-deductible.
86¢ of each $1 spent went to programs.
Run by 10 volunteers and 62 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
1 of 4
filings with a surplus
Average deficit $124K a year · 2% of revenue · last 4 filings
Concern: a surplus in 1 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$278K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
<1 mo
of spending, in cash
Concern: 0.3 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$5.1M
85% of total assets
Concern: liabilities are 85% of assets; over 80%.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$5.8M
-15% vs prior year
Spent
$6.4M
To programs
86%
Net assets
$875K
By yearFY2021–FY2024
Revenue
$5.8M
FY2024▼ -15%
Tap a bar for its year
Revenue by fiscal year
FY2021$6.1M
FY2022$7.1M
FY2023$6.8M
FY2024$5.8M
Expenses
$6.4M
FY2024▼ -9%
Tap a bar for its year
Expenses by fiscal year
FY2021$6.2M
FY2022$6.8M
FY2023$7.0M
FY2024$6.4M
Net assets
$875K
FY2024▼ -40%
Tap a bar for its year
Net assets by fiscal year
FY2021$1.2M
FY2022$1.6M
FY2023$1.5M
FY2024$875K

From the FY2024 Form 990 (year ending June 2024) · 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: FY2024. IRS ruling in Nov 2012.

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

Where the money goes

86 cents of each dollar spent went to programs.

Program services 86% · $5.5M Management & general 14% · $886K

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

10 people listed on the 990; $278K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Principal
$174,048Pt VII · Sec A
Director of Instruction
$103,594Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Abeku B Hayes’s $174K as Principal is at the 75th 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 · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021
Abeku B Hayes$174,048$157,870$149,674$157,870
Krystal Astwood—$125,493——
Alyssa Norris$103,594———

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
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Provides an alternative education method in the South Bronx.

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Provided by the organization

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1 program · $5.5M · in their own filed words · FY2023
01

Education

The school provided education to approximately 199 students in grades pre-kindergarten through fifth during the 2023-2024 academic year.

$5.5Mprogram expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$5.8M
Ln 12
Fees for servicesLn 2g$5.3M
Gifts and grantsLn 1h$479K
Other incomeLn 4–11$1K
Money outPt IX
$6.4M
Ln 25
Programscol B$5.5M
Managementcol C$886K
Owns and owesPt X
$875K
net assets · Ln 32
Cash and savingsLn 1–2$158K
Total assetsLn 16$6.0M
LiabilitiesLn 26$5.1M
PeoplePt VI, VII
10
listed · VII A
PaidVII A2
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$479K
Government grantsLn 1e$463K
Noncash giftsLn 1g$3K
Fees for servicesLn 2g$5.3M
Investment incomeLn 3$4
Other incomeLn 4–11$1K
Total revenueLn 12$5.8M
Assets in detailPt X, end of year
CashLn 1$14K
SavingsLn 2$143K
Cash and savings togetherLn 1–2$158K
Land, buildings, equipmentLn 10c$196K
Other assetsLn 15$5.0M
Total assetsLn 16$6.0M
LiabilitiesLn 26$5.1M
Net assetsLn 32$875K
OperationsPt I, VI
EmployeesI 562
VolunteersI 610
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 FY24End FY24
Cash and savingsLn 1–2$1.2M$158K
Land, buildings, equipmentLn 10c$258K$196K
Total assetsLn 16$8.5M$6.0M
LiabilitiesLn 26$7.0M$5.1M
Net assetsLn 32$1.5M$875K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$194K$165K$29K
Other salaries and wagesLn 7$2.5M$2.3M$283K
Other employee benefitsLn 9$519K$458K$61K
Payroll taxesLn 10$321K$284K$38K
Legal feesLn 11b$10K$10K
Accounting feesLn 11c$33K$33K
Other fees for servicesLn 11g$340K$182K$159K
Advertising and promotionLn 12$40K$35K$5K
Office expensesLn 13$123K$109K$14K
Information technologyLn 14$42K$37K$5K
OccupancyLn 16$2.0M$1.8M$235K
Depreciation, depletion and amortizationLn 22$63K$55K$7K
InsuranceLn 23$63K$55K$7K
Other expenses (24a–d)Ln 24$77K$77K
Total functional expensesLn 25$6.4M$5.5M$886K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $5.8M$6.4M−$585K$875K 990 PDF
FY2023 $6.8M$7.0M−$141K$1.5M 990 PDF
FY2022 $7.1M$6.8M$357K$1.6M 990 PDF
FY2021 $6.1M$6.2M−$126K$1.2M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $5,774,284 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,029,658$478,729
I-9 Program service revenuePrior year $5,759,387$5,294,289
I-10 Investment incomePrior year $0$4
I-11 Other revenuePrior year $34,985$1,262
I-12 Total revenuePrior year $6,824,030$5,774,284
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 $4,046,457$3,567,108
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,918,105$2,792,469
I-18 Total expensesPrior year $6,964,562$6,359,577
I-19 Revenue less expensesPrior year −$140,532−$585,293
Part VI · Governance 8 of 8 board members independent, no flags
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
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 $5,774,284 across 8 lines filed
VIII-1e Government grants$463,215
VIII-1f All other contributions, gifts and grants$15,514
VIII-1g Noncash contributions (included above)$2,946
VIII-1h Total contributions, gifts and grants$478,729
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $5,294,289$5,294,289
VIII-3 Investment incomeExcluded from tax $4$4
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $1,262$1,262
VIII-12 Total revenueRelated to mission $5,294,289 · Unrelated business $0 · Excluded from tax $1,266$5,774,284
Part IX · Statement of functional expenses $6,359,577 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $164,741 · Management $29,072$193,813
IX-7 Other salaries and wagesPrograms $2,250,371 · Management $282,960$2,533,331
IX-9 Other employee benefitsPrograms $457,879 · Management $60,637$518,516
IX-10 Payroll taxesPrograms $283,657 · Management $37,791$321,448
IX-11b Legal feesManagement $10,172$10,172
IX-11c Accounting feesManagement $32,750$32,750
IX-11g Other fees for servicesPrograms $181,796 · Management $158,644$340,440
IX-12 Advertising and promotionPrograms $35,149 · Management $4,683$39,832
IX-13 Office expensesPrograms $108,655 · Management $14,470$123,125
IX-14 Information technologyPrograms $36,845 · Management $4,909$41,754
IX-16 OccupancyPrograms $1,766,719 · Management $235,371$2,002,090
IX-22 Depreciation, depletion and amortizationPrograms $55,214 · Management $7,355$62,569
IX-23 InsurancePrograms $55,240 · Management $7,359$62,599
IX-24 Other expenses (24a–d)Programs $77,138$77,138
IX-25 Total functional expensesPrograms $5,473,404 · Management $886,173 · Fundraising $0$6,359,577
Part X · Balance sheet $5,973,216 assets, 14 lines filed
Asset lines not itemized here account for $10,597; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $1,008,727$14,348
X-2 Savings and temporary cash investmentsStart of year $143,356$143,360
X-4 Accounts receivableStart of year $157,628$298,150
X-9 Prepaid expenses and deferred chargesStart of year $366,305$272,374
X-10c Land, buildings and equipment, netStart of year $258,164$195,595
X-15 Other assetsStart of year $6,564,096$5,038,792
X-16 Total assetsStart of year $8,498,276$5,973,216
X-17 Accounts payable and accrued expensesStart of year $574,698$293,983
X-19 Deferred revenueStart of year $157,956$0
X-25 Other liabilitiesStart of year $6,305,459$4,804,363
X-26 Total liabilitiesStart of year $7,038,113$5,098,346
X-27 Net assets without donor restrictionsStart of year $1,460,163$874,870
X-32 Total net assets or fund balancesStart of year $1,460,163$874,870
X-33 Total liabilities and net assetsStart of year $8,498,276$5,973,216
Part XI · Reconciliation of net assets $874,870 net assets at year end
XI-1 Total revenue$5,774,284
XI-2 Total expenses$6,359,577
XI-3 Revenue less expenses−$585,293
XI-4 Net assets at start of year$1,460,163
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$874,870

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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