Icahn Charter School 4

Nonprofit profile at a glance

EIN
264674992
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Bronx, NY, USA
Phone
7188280034
Rating
79
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Charter Schools

Official website

Reported finances

Revenue
$7,343,219
Expenses
$7,276,597
Assets
$7,707,865
Liabilities
$1,402,884

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

Leadership & pay

16 people listed

Executive titles in this filing

  • GAIL GOLDEN-ICAHN (CHAIRPERSON/PRESIDENT)

Highest reported compensation

  • RICHARD SANTIAGO - DEPUTY (SUPERINTENDENT OF FINANCE/TREASURER): $553,884 total reported compensation
  • LAWFORD CUNNINGHAM (SUPERINTENDENT): $529,501 total reported compensation
  • YALITZA VASQUEZ (SECRETARY/ASST. SUPERINTENT): $380,579 total reported compensation

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

Overview

Mission

See schedule othe mission of icahn charter schools is to cultivate a climate of collaborative excellence among students, staff, families, and the community. Our four pillars of transformative education guide icahn educators as they adopt a holistic approach to teaching and learning that addresses the academic, social, and emotional needs of our students. The student-centered learning experience is defined through individualized learning environments that empower icahn students to take ownership of their education. Our core knowledge curriculum and instructional practices promote learning through innovation and creativity to meet the needs of our diverse learners. Through strategic partnerships among all stakeholders, icahn student graduate equipped with the skills, knowledge, and personal confidence to participate successfully in the most rigorous academic environments and demonstrate a sense of personal responsibility as global citizens.

What it reported doing in 2024

See schedule othe icahn charter school provides a comprehensive k-8 public education based on e.d. Hirsch's core knowledge sequence, a nationally recognized curriculum based on the concept that every child should be equipped with a core foundation of knowledge and skills so that they are armed with the common knowledge base necessary to compete in any setting. The core knowledge foundation believes that what distinguishes the core knowledge sequence from other curriculum guides is that the sequence embodies three essential qualities overlooked by other guides. The core knowledge sequence in all subject areas is (1) content-specific, (2) cumulative, and (3) coherent. The school's curriculum in ela & math is comprised of the following:- the english language arts program uses direct, explicit, systematic and sequential phonics instruction and decodable literature to promote early reading success that takes our students from learning to read, to reading to learn experiences. Students engage in interactive read alouds, scaffolded close reading with complex text that leads them to independence, literature circles and have a plethora of opportunities and resources to read award-winning fiction and non-fiction literature.- the mathematics program sequence provides a rigorous curriculum that covers units beyond the conventional curriculum and is an integral part of the instructional program. A variety of approaches are used such as math workshop, number sense, contexts for learning and cognitively guided instruction. The approaches are enhanced with the use of commercially produced math programs: illustrative math, mclass (k-2), and i-ready. Math is additionally supported by a subject specialist and/or math consultant. Demonstration lessons, inter & intra visitation and as stand-alone modeling, peer coaching, and professional development ensure that teachers benefit from the latest research on the teaching of not just math but all subject matter.students in ela & mathematics needing to strengthen their skills, as determined by baseline testing and teacher judgment are afforded small group instruction forty minutes each day, five days a week as well as additional instruction through after-school tutoring and saturday academy.the learning and integration of science, technology, engineering, the arts and mathematics in our steam program is used as access points for guiding student inquiry, dialogue, and critical thinking around content knowledge. The icahn steam program provides a strong foundation of integration at its core, which means that each of the aforementioned curricular areas is both taught in its' own right, as well as connected through common core standards and assessments.social studies & science are an integral part of the implementation of e.d. Hirsh's core knowledge curriculum. The icahn students, through project-based learning and hands-on experiments, learn the importance of social studies & science in their daily lives and in their future. With one-on-one computing in place it can be said that technology, coding, and robotics are weaved through all aspects of the teaching/learning student experience at icahn.in a core knowledge social studies class students in early childhood begin to learn, discuss, and explore topics about the earth's continents & oceans, ancient greece and rome, exploration, colonialism, and slavery. An emphasis is placed on multiculturalism throughout the curriculum. The social studies subject matter as is all subject content to varying degrees is enhanced by the use of technology, guided virtual trips, project-based learning, debates, guest speakers, trips to museums and historical sites in New York and outside of New York.classical and contemporary art and music are studied and enhanced through the core knowledge and is seen as an essential part of the knowledge all children should learn. Instruction in the arts takes on many forms as opportunities in the classroom to sing, dance, listen to music,

Operating model

Revenue model
Earned-program. 95% 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 - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 76
  • Transparency & Controls: 74
  • Accountability: 100
  • Sustainability: 36
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 84.7%; rating input score 85
  • Program expense ratio: 86.6%; rating input score 87
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd 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; 63rd percentile among comparable filings
  • Governance controls: 8 of 8 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: 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: 0.9%; rating input score 37; 37th percentile among comparable filings
  • Total-asset coverage ratio: 1.06; rating input score 39; 39th percentile among comparable filings
  • Liabilities to assets ratio: 0.18; rating input score 46; 46th percentile among comparable filings
  • Officer compensation ratio: 16.2%; rating input score 17; 17th percentile among comparable filings

Growth

  • Program expense growth: 6.5% per year; rating input score 100; 48th percentile among comparable filings
  • Revenue growth: 6.2% per year; rating input score 100; 49th percentile among comparable filings
  • Asset growth: 13% per year; rating input score 100; 69th percentile among comparable filings

Details

  • Where the money goes: 84.7% of revenue deployed · 86.6% of spending went to programs
  • Governance: 7 of 7 board members independent · 8 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $6.3M in reported program spending
  • Leadership: top reported pay $554K · 16 people listed · 2 of 6 pay-setting controls reported
  • Highest-paid contractors: 2 contractors listed · $314K reported
  • Consistency: 32 of 32 current checks pass
  • Schedules: 7 filed schedules · includes major donors and executive pay
  • Filing history: 15 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 6 filed money-flow records
  • Related organizations: 7 filed related-organization links
  • 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.

  • Moderate — Sustainability: Operating margin scored 37/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 39/100.
  • High — Sustainability: Officer compensation ratio scored 17/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 46/100.