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

Bold Schools INC FY2021 filing

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Raises funds and provides facilities for BOLD Charter School. For fiscal year 2021 it reported $376K in revenue, $168K in expenses, and $471K in net assets.Pt I

Founded
2019
Type
Public charity (501(c)(3)) · Education
Location
Bronx, NY
Filings
5 on file (2020–2021)
Revenue
$376KFY2021
Expenses
$168K
Net assets
$471K
People
3
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 FY2021 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Raises funds and provides facilities for BOLD Charter School.
Leadership
Alex Nicolau · Treasurer
Money in and out
$376K revenue, $168K expenses
Bottom line
84% program efficiency
Where the money goes · FY2021
Total revenue
$376K
Pt VIII · Ln 12
Total expenses
$168K
Pt IX · Ln 25
Net assets
$471K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $208K
Where spending went · Part IX cols B–D
Program services $0.84 Management & general $0.16 Fundraising $0.01
Program efficiency
84%
of spending reaches programs
Operating runway
9.0mo
months of highly liquid reserves at operating expense rate
Surplus margin
+55%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$376K
FY2021▲ +13%
Expenses
$168K
FY2021▲ +252%
Total assets
$555K
FY2021▼ -21%
Total liabilities
$85K
FY2021▼ -81%
Total revenue
$376K
Pt VIII · Ln 12
Total expenses
$168K
Pt IX · Ln 25
Net assets
$471K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$208K
Total assetsPt X · Ln 16$555K
Program-expense ratioPt IX · col B84%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43
Mission & Programs · Part III

Where the work happens

1 program service account for $140K of program spending, described in the organization's own filed words · FY2020.
01

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

$140Kprogram expense

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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 (FY2020); the FY2021 filing did not itemize Part VII
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Other revenue$371K · 98%
Contributions & grants$6K · 2%
Other revenue98%$371K
Contributions & grants2%$6K
Total revenueLn 12$376K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.84 Management & general $0.16 Fundraising $0.01
Program services84%$140K
Management & general16%$26K
Fundraising1%$2K
Total functional expensesLn 25$168K

Balance Sheet

Part X · end of year
CashLn 1$127K
Total assetsLn 16$555K
Total liabilitiesLn 26$85K
Total net assetsLn 32$471K
Months of cash on handcomputed9.0

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $127K · Operating expenses/yr $168K
9.0 months
Where the money goes
Program services
Program services $140K · Total expenses $168K
84%
Management & General
Management & general $26K · Total expenses $168K
16%
Fundraising
Fundraising $2K · Total expenses $168K
0.9%
Cost to raise $1
Fundraising expense (2-yr avg) $4K · Solicited contributions (2-yr avg) $16K
$0.26 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $6K · Total revenue $376K
2%
Government reliance
Government grants — · Total revenue $376K
Earned-income share
Program service revenue $0 · Total revenue $376K
0%
Investment reliance
Investment income $0 · Total revenue $376K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $168K
0%
Growth & trend
Revenue growth (YoY)
This year $376K · Prior year $335K
+13%
Net-asset trend (YoY)
End of year $471K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $376K · Expenses $168K
+55%
Liabilities-to-Assets
Total liabilities — · Total assets $555K
Net-asset ratio
Net assets $471K · Total assets $555K
85%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $555K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Alex Nicolau · Reported title TREASURER · Highest reported compensation $0 · Total expenses $168K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $168K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 84%
Overhead ratio 16%
Fundraising cost ratio 27%
Revenue growth 13%
Legal fee ratio 2%
Accounting fee ratio 9%

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.

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

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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