Bronx Success Academy Charter School 1
Nonprofit profile at a glance
- EIN
- 800530053
- IRS 990 coverage
- 2011–2013
- Forms available
- Form 990 2013
- Location
- New York, NY, USA
- Phone
- 6462777170
- Rating
- 78
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Charter Schools
Reported finances
- Revenue
- $6,877,355
- Expenses
- $6,234,256
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2013. Amounts in USD.
Leadership & pay
10 people listed
People named in this filing
- JOHN ROWAN (CHAIRMAN)
- NICOLE AGNEW (VICE CHAIRMAN)
- SHAUN GORDON (TREASURER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2013. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The mission of bronx success academy charter school 1 (the "school") is to provide children in New York city with an exceptionally high-quality education that gives them the knowledge, skills, character and disposition to meet and exceed New York state standards, and the resources to succeed and lead in school, college and a competitive global economy.
What it reported doing in 2013
Expenses directly associated with the operations of the charter school and the related curriculum costs. For the 2013-2014 school year, we served approximately 456 students in grades kindergarten through fourth. Effective july 1, 2014, the school merged into success academy charter schools - nyc, a nonprofit education corporation.
Operating model
- Revenue model
- Earned-program. 97% 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.
The verdict
SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Assets have declined or grown slowly and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 66
- Transparency & Controls: 92
- Accountability: 100
- Sustainability: 44
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 71.6%; rating input score 72
- Program expense ratio: 79%; rating input score 79
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: Limited
- 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; 65th percentile among comparable filings
- Governance controls: 7 of 7 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 9.4%; rating input score 70; 70th percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 0; 0th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 93; 93rd percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 28.4% per year; rating input score 100; 92nd percentile among comparable filings
- Asset growth: -75.1% per year; rating input score 0; 0th percentile among comparable filings
Details
- Where the money goes: 71.6% of revenue deployed · 79% of spending went to programs
- Governance: 8 of 8 board members independent · 7 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $4.9M in reported program spending
- Leadership: top reported pay $0 · 10 people listed
- Highest-paid contractors: 1 contractor listed · $803K reported
- Consistency: 28 of 28 current checks pass
- Schedules: 6 filed schedules · includes major donors
- Filing history: 3 filing years from 2011 to 2013
- Contacts: How to reach this organization
- 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 0/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.