Bold Schools INC EIN 83-3915942 Form 990 (PDF) Claim this org

Bold Schools INC FY2020 filing

Not yet claimed Claim this org →

Raises funds and provides facilities for BOLD Charter School. For fiscal year 2020 it reported $335K in revenue, $48K in expenses, and $262K in net assets.Pt I

Founded
2019
Type
Public charity (501(c)(3)) · Education
Location
Bronx, NY
Filings
5 on file (2020–2020)
Revenue
$335KFY2020
Expenses
$48K
Net assets
$262K
People
4
Filings
5
Updates
0
More identity details & actions ⌄
EIN  83-3915942 Public charity (501(c)(3)) Bronx, NY Founded 2019
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →
Compare with another nonprofit →
Is this your organization?
Claim this profile to manage it and share your story.
Claim
Provided by the organization

This section is blank until Bold Schools INC claims this page.

Know this organization? Claim it to add your story

Size
$100K–1M
What they do
Raises funds and provides facilities for BOLD Charter School.
Leadership
Money in and out
$335K revenue, $48K expenses
Bottom line
8% program efficiency
Where the money goes · FY2020
Total revenue
$335K
Pt VIII · Ln 12
Total expenses
$48K
Pt IX · Ln 25
Net assets
$262K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $287K
Where spending went · Part IX cols B–D
Program services $0.08 Management & general $0.78 Fundraising $0.14
Program efficiency
8%
of spending reaches programs
Operating runway
42.0mo
months of highly liquid reserves at operating expense rate
Surplus margin
+86%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$335K
FY2020
Expenses
$48K
FY2020
Total assets
$701K
FY2020
Total liabilities
$439K
FY2020
Total revenue
$335K
Pt VIII · Ln 12
Total expenses
$48K
Pt IX · Ln 25
Net assets
$262K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$287K
Total assetsPt X · Ln 16$701K
Program-expense ratioPt IX · col B8%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CBold Schools INC
EINHdr · item D83-3915942
Principal addressHdr · item CBronx, NY
WebsiteHdr · item Jnone reported
Year of formationHdr · item L2019
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B12)
Ruling yearIRS BMFJun 2019

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
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 · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Bold Schools INC executive salaries →

Are you one of these people? Claim this org to confirm your role

Mission & Programs · Part III

Where the work happens

1 program service account for $4K of program spending, described in the organization's own filed words · FY2019.
01

To serve as a fundraising arm for bold charter school, and to support bold charter school with facilities.

$4Kprogram expense

Run this program? Claim this org to tell your story

Statement of Revenue

Part VIII
Other revenue$309K · 92%
Contributions & grants$26K · 8%
Other revenue92%$309K
Contributions & grants8%$26K
Total revenueLn 12$335K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.08 Management & general $0.78 Fundraising $0.14
Program services8%$4K
Management & general78%$37K
Fundraising14%$7K
Total functional expensesLn 25$48K

Balance Sheet

Part X · end of year
CashLn 1$167K
Total assetsLn 16$701K
Total liabilitiesLn 26$439K
Total net assetsLn 32$262K
Months of cash on handcomputed42.0

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $167K · Operating expenses/yr $48K
42.0 months
Where the money goes
Program services
Program services $4K · Total expenses $48K
8%
Management & General
Management & general $37K · Total expenses $48K
78%
Fundraising
Fundraising $7K · Total expenses $48K
14%
Cost to raise $1
Fundraising expense $7K · Solicited contributions $26K
$0.25 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $26K · Total revenue $335K
8%
Government reliance
Government grants — · Total revenue $335K
Earned-income share
Program service revenue $0 · Total revenue $335K
0%
Investment reliance
Investment income $0 · Total revenue $335K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $48K
0%
Growth & trend
Revenue growth (YoY)
This year $335K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $262K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $335K · Expenses $48K
+86%
Liabilities-to-Assets
Total liabilities — · Total assets $701K
Net-asset ratio
Net assets $262K · Total assets $701K
37%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $701K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Pamela West Thru June 2020 · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $48K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $48K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 8%
Overhead ratio 78%
Fundraising cost ratio 25%
Legal fee ratio 10%
Accounting fee ratio 34%

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.

Similar Organizations

Closest in mission — by what they do
See all organizations like Bold Schools INC →

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

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$841K revenue · ⤓ 990 PDF
FY2023$1.2M revenue · ⤓ 990 PDF
FY2022$445K revenue · ⤓ 990 PDF
FY2021$376K revenue · ⤓ 990 PDF
FY2020$335K revenue · viewing · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.