Bronx Academy of Promise Charter School

Nonprofit profile at a glance

EIN
262531307
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
Bronx, NY, USA
Phone
7182936950
Rating
87
Verdict
STRONG
Rating confidence
Moderate
Sector
Charter Schools

Reported finances

Revenue
$16,713,360
Expenses
$18,685,368
Assets
$75,080,028
Liabilities
$64,888,484

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

15 people listed

Highest reported compensation

  • DENISE SCHIRALDI (PRINCIPAL): $259,729 total reported compensation
  • NICHOLAS MARK PARRINO (ASSISTANT PRINCIPAL): $224,726 total reported compensation
  • CATHERINE JACKVOINY (ACADEMIC DIRECTOR): $222,608 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The mission of bronx academy of promise charter school is to educate each student to high learning standards using a curriculum that emphasizes information about the various career choices available to them. The school will prepare students for high school, to make decisions about a direction for their career, and to become productive citizens. The school will provide a productive comprehensive academic curriculum with character and career education integrated into all subjects. The curriculum will promote excellence in all areas: cognitive, social, emotional, and moral development. Students will experience ways to acquire the knowledge and skills each school year to attain learning proficiency, and the community, parents and staff will participate meaningfully in the school to continuously improve its potential for success.

What it reported doing in 2024

Bronx academy of promise continues to pride itself on the ability to produce a high-quality education that raises student achievement while attending to the social and emotional needs focused on the individualized academic progress of each student. To this goal, we continue to implement various social-emotional programs and strategies, such as responsive discipline, to assist the staff with a variety of issues. This professional behavioral program for k12 educators is designed to build trust, help manage stress, explore equity and belonging, and cultivate resilience and efficacy. Baop continues to believe that consistency, collaboration and small individualized instruction is what is best for our students. In order to monitor our progress, we continue to implement the i-ready program to help support academic programs. I-ready programs support every learner on their path toward grade-level success. By connecting to actionable, intuitive data, teachers know where to focus and students become more capable and engaged. In addition, baop continues to focus on our early childhoo program. This initiative continues to provide support for our families with younger children, while building a bridge for our kindergarten program. Furthermore, baop continues to maintain an after-school program that provides additional academic support while offering unique experiences such as chess and karate, once again supporting our families.bronx academy of promise continues to provide an educational setting that attends to the individual needs of every student, from pre-k to eighth grade. We believe that our inclusive community and personal approach continues to provide for successful experiences, so important in the early childhood years. We embrace a learning environment that has prepared our students for their paths ahead. Our classes incorporate traditional learning styles as well as hands-on experiences while highlighting the areas of ela, math, science, social studies, art, music, pe, and technology. In addition, our warm and loving environment helps our students and parents to become our newest "family members" where we meet them wherever necessary to address their individual needs.

Operating model

Revenue model
Earned-program. 91% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and liabilities are high compared with assets.

Rating breakdown

  • Financial Efficiency: 95
  • Transparency & Controls: 74
  • Accountability: 100
  • Sustainability: 33
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 93%; rating input score 93
  • Fundraising efficiency: $51.44 raised per $1 spent on fundraising; rating input score 76; 76th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 2 of 6 controls in place; rating input score 33
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -11.8%; rating input score 9; 9th percentile among comparable filings
  • Total-asset coverage ratio: 4.02; rating input score 81; 81st percentile among comparable filings
  • Liabilities to assets ratio: 0.86; rating input score 12; 12th percentile among comparable filings
  • Officer compensation ratio: 8.5%; rating input score 27; 27th percentile among comparable filings

Growth

  • Program expense growth: 9% per year; rating input score 100; 66th percentile among comparable filings
  • Revenue growth: 8.2% per year; rating input score 100; 66th percentile among comparable filings
  • Asset growth: 20.4% per year; rating input score 100; 90th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 93% of spending went to programs
  • Governance: 7 of 7 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $17.4M in reported program spending
  • Leadership: top reported pay $260K · 15 people listed · 2 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $1.4M reported
  • Consistency: 31 of 31 current checks pass
  • Schedules: 7 filed schedules · includes major donors and executive pay
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 8 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Operating margin scored 9/100.
  • High — Sustainability: Liabilities to assets ratio scored 12/100.
  • High — Sustainability: Officer compensation ratio scored 27/100.