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Bronx Letters Foundation EIN 81-1023499

Bronx Letters Foundation

EIN  81-1023499 Public charity (501(c)(3)) New York, NY Founded 2015
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Size
$100K–1M
What they do
Enhances student education through enrichment programs and activities at a Bronx public high school.
Leadership
Karen Adler · Director
Money in and out
$296K revenue, $513K expenses
Bottom line
87% program efficiency

Enhances student education through enrichment programs and activities at a Bronx public high school. For fiscal year 2024 it reported $296K in revenue, $513K in expenses, and $699K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$296K
Pt VIII · Ln 12
Total expenses
$513K
Pt IX · Ln 25
Net assets
$699K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$217K
Where spending went · Part IX cols B–D
Program services $0.87 Management & general $0.07 Fundraising $0.07
Program efficiency
87%
of spending reaches programs▼ -4% vs prior filing year
Operating runway
13.3mo
months of highly liquid reserves at operating expense rate▼ -34% vs prior filing year
Surplus margin
-73%
revenue over expenses, this year▼ -390% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$296K
FY2024▼ -36%
Expenses
$513K
FY2024▼ -3%
Total assets
$714K
FY2024▼ -21%
Total liabilities
$14K
FY2024▲ +15%
Total revenue
$296K
Pt VIII · Ln 12
Total expenses
$513K
Pt IX · Ln 25
Net assets
$699K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$217K
Total assetsPt X · Ln 16$714K
Program-expense ratioPt IX · col B87%
Voting members of governing bodyPt I · Ln 321
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

1 program service account for $444K of program spending, described in the organization's own filed words · FY2024.
01

The Bronx Letters Foundation was formed to support and operate programs that enhance the educational experience of students of the Bronx Academy of Letters (the Academy). The Academy, a public high school in the Bronx, New York, serves low income middle and high school students and emphasizes the importance of reading and writing in its…

$444Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CBronx Letters Foundation
EINHdr · item D81-1023499
Principal addressHdr · item CNew York, NY
WebsiteHdr · item Jnone reported
Year of formationHdr · item L2015
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B94)
Ruling yearIRS BMFApr 2016

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a21
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Karen Adler
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Jennifer Liu
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$273K · 92%
Investment income$23K · 8%
Contributions & grants92%$273K
Investment income8%$23K
Total revenueLn 12$296K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.87 Management & general $0.07 Fundraising $0.07
Program services87%$444K
Management & general7%$35K
Fundraising7%$34K
Total functional expensesLn 25$513K

Balance Sheet

Part X · end of year
CashLn 1$4K
Total assetsLn 16$714K
Total liabilitiesLn 26$14K
Total net assetsLn 32$699K
Months of cash on handcomputed0.1

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $570K · Operating expenses/yr $513K
13.3 months
Where the money goes
Program services
Program services $444K · Total expenses $513K
87%
Management & General
Management & general $35K · Total expenses $513K
7%
Fundraising
Fundraising $34K · Total expenses $513K
7%
Cost to raise $1
Fundraising expense (3-yr avg) $26K · Solicited contributions (3-yr avg) $252K
$0.10 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $273K · Total revenue $296K
92%
Government reliance
Government grants — · Total revenue $296K
—
Earned-income share
Program service revenue $0 · Total revenue $296K
0%
Investment reliance
Investment income $23K · Total revenue $296K
+8%
Program self-sufficiency
Program service revenue $0 · Total expenses $513K
0%
Growth & trend
Revenue growth (YoY)
This year $296K · Prior year $460K
-36%
Revenue CAGR
FY2020 $450K · FY2024 $296K
-10%
Net-asset trend (YoY)
End of year $699K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $296K · Expenses $513K
-73%
Liabilities-to-Assets
Total liabilities — · Total assets $714K
—
Net-asset ratio
Net assets $699K · Total assets $714K
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $566K · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $714K
79%
People & payroll
Highest Reported Total Compensation
Individual Karen Adler · Reported title Director · Highest reported compensation $0 · Total expenses $513K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $194K · Total expenses $513K
38%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 87%——
Overhead ratio 7%——
Fundraising cost ratio 12%——
Revenue growth -36%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
The Stringer FoundationFY2024$90K
John Dewitt Gregory Charitable TrustFY2024$35K
Invest in Others Charitablefoundation INCFY2024$20K
National Philanthropic TrustFY2024$16K
Cedar Street Charitable Foundation INCFY2024$10K
Brown Rudnick Charitable Foundation CorpFY2024$10K
American Online Giving Foundation INCFY2024$6K
Ben E Factors FoundationFY2024$3K
Total grants receivedfrom 10 funders$191K
See all 10 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$460K revenue · ⤓ 990 PDF
FY2023$332K revenue · ⤓ 990 PDF
FY2022$467K revenue · ⤓ 990 PDF
FY2021$450K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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