The organization was formed, specifically to engage in programs and activities to assist pharos academy charter school (formerly known as Bronx lighthouse charter school).

501(c)(3) charity; gifts are tax-deductible.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

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
2 of 5
filings with a surplus
Average surplus $4K a year · 56% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
510 mo
of spending, in cash
Looks good: 510.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$10.8M
102% of total assets
Concern: liabilities are 102% of assets; over 80%.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
−$17K
Spent
$17K
To programs
0%
Net assets
−$231K
By yearFY2020–FY2025
Revenue
−$17K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2020$0
FY2021−$17K
FY2022−$15K
FY2023−$8K
FY2024$22K
FY2025$57K
Expenses
$17K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021$17K
FY2022$0
FY2023$0
FY2024$0
FY2025$0
Net assets
−$231K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2020$0
FY2021−$231K
FY2022−$246K
FY2023−$253K
FY2024−$232K
FY2025−$175K

From the FY2021 Form 990 (year ending June 2021) · see the original

990 PDF Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 2019.

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

Where the money goes

What each dollar paid for.

Management & general 100% · $17K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
See Bronx Support Corporation 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 15aNo

Programs and updates

Supports Pharos Academy Charter School through programs and activities.

Questions for Bronx Support Corporation

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Your first name shows with your question. Bronx Support Corporation answers here, for everyone.

Provided by the organization

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1 program · in their own filed words · FY2020
01

The organization was formed, specifically to engage in programs and activities to assist pharos academy charter school (formerly known as bronx lighthouse charter school).

Pt IX · col B

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
−$17K
Ln 12
Money outPt IX
$17K
Ln 25
Managementcol C$17K
Owns and owesPt X
−$231K
net assets · Ln 32
Cash and savingsLn 1–2$723K
Total assetsLn 16$10.5M
LiabilitiesLn 26$10.8M
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Total revenueLn 12−$17K
Assets in detailPt X, end of year
CashLn 1$723K
Cash and savings togetherLn 1–2$723K
Land, buildings, equipmentLn 10c$9.8M
Total assetsLn 16$10.5M
LiabilitiesLn 26$10.8M
Net assetsLn 32−$231K
OperationsPt I, VI
EmployeesI 50
VolunteersI 63
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$0$723K
Land, buildings, equipmentLn 10c$0$9.8M
Total assetsLn 16$0$10.5M
LiabilitiesLn 26$0$10.8M
Net assetsLn 32$0−$231K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other fees for servicesLn 11g$17K$17K
Total functional expensesLn 25$17K$0$17K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $57K$0$57K−$175K 990 PDF
FY2024 $22K$0$22K−$232K 990 PDF
FY2023 −$8K$0−$8K−$253K 990 PDF
FY2022 −$15K$0−$15K−$246K 990 PDF
FY2021 Viewing −$17K$17K−$34K−$231K 990 PDF
FY2020 $0$0 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary −$16,989 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0−$16,989
I-12 Total revenuePrior year $0−$16,989
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 $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $0$16,989
I-18 Total expensesPrior year $0$16,989
I-19 Revenue less expensesPrior year $0−$33,978
Part VI · Governance 3 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue −$16,989 across 2 lines filed
VIII-6 Net rental income or lossRelated to mission −$16,989−$16,989
VIII-12 Total revenueRelated to mission −$16,989 · Unrelated business $0 · Excluded from tax $0−$16,989
Part IX · Statement of functional expenses $16,989 across 1 line filed
IX-11g Other fees for servicesManagement $16,989$16,989
IX-25 Total functional expensesPrograms $0 · Management $16,989 · Fundraising $0$16,989
Part X · Balance sheet $10,546,331 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $0$722,800
X-10c Land, buildings and equipment, netStart of year $0$9,823,531
X-16 Total assetsStart of year $0$10,546,331
X-17 Accounts payable and accrued expensesStart of year $0$35,036
X-20 Tax-exempt bond liabilitiesStart of year $0$7,878,962
X-25 Other liabilitiesStart of year $0$2,863,269
X-26 Total liabilitiesStart of year $0$10,777,267
X-27 Net assets without donor restrictionsStart of year $0−$230,936
X-32 Total net assets or fund balancesStart of year $0−$230,936
X-33 Total liabilities and net assetsStart of year $0$10,546,331
Part XI · Reconciliation of net assets −$230,936 net assets at year end
XI-1 Total revenue−$16,989
XI-2 Total expenses$16,989
XI-3 Revenue less expenses−$33,978
XI-4 Net assets at start of year$0
XI-9 Other changes in net assets−$196,958
XI-10 Net assets at end of year−$230,936

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

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