Leaders in Our Neighborhood Charter School
Nonprofit profile at a glance
- EIN
- 743162136
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- Bronx, NY, USA
- Phone
- 7189915500
- Rating
- 79
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Charter Schools
Reported finances
- Revenue
- $23,994,765
- Expenses
- $22,692,557
- Assets
- $21,486,596
- Liabilities
- $13,022,347
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
22 people listed
Executive titles in this filing
- CELIA SOSA (CHIEF EXECUTIVE OFFICER)
Highest reported compensation
- CELIA SOSA (CHIEF EXECUTIVE OFFICER): $413,262 total reported compensation
- LEX ZAIN (CHIEF ACADEMIC OFFICER): $278,053 total reported compensation
- MATTHEW HITTENMARK (HIGH SCHOOL PRINCIPAL): $224,328 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Leaders in our neighborhood charter school's mission is to develop the character of each student. We unite students, families, and staff in helping each individual achieve their best academically, in sports, the arts, and service to the community. We believe that passion for learning, self-discovery, leadership skills, and social conscience are the foundation for success in college and fulfillment in life.
What it reported doing in 2024
K-12 academic and character education program: lion served approximately 946 students during the 2024-2025 school year. Our parents are committed to our school and our program of family-based character education.
Operating model
- Revenue model
- Earned-program. 87% 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
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 74
- Transparency & Controls: 79
- Accountability: 95
- Sustainability: 41
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 76%; rating input score 76
- Program expense ratio: 81.7%; rating input score 82
- Fundraising efficiency: $10.37 raised per $1 spent on fundraising; rating input score 39; 39th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Pass
- 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: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 5.4%; rating input score 55; 55th percentile among comparable filings
- Total-asset coverage ratio: 0.95; rating input score 34; 34th percentile among comparable filings
- Liabilities to assets ratio: 0.61; rating input score 22; 22nd percentile among comparable filings
- Officer compensation ratio: 10.7%; rating input score 18; 18th percentile among comparable filings
Growth
- Program expense growth: 2.7% per year; rating input score 100; 24th percentile among comparable filings
- Revenue growth: 5.5% per year; rating input score 100; 48th percentile among comparable filings
- Asset growth: 7.1% per year; rating input score 100; 49th percentile among comparable filings
Details
- Where the money goes: 76% of revenue deployed · 81.7% of spending went to programs
- Governance: 10 of 10 board members independent · 8 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $18.5M in reported program spending
- Leadership: top reported pay $413K · 22 people listed · 3 of 6 pay-setting controls reported
- Highest-paid contractors: 1 contractor listed · $205K reported
- Consistency: 34 of 34 current checks pass
- Schedules: 8 filed schedules · includes major donors and executive pay
- Filing history: 10 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 11 filed money-flow records
- 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 — Financial Efficiency: Fundraising efficiency scored 39/100.
- Review — Sustainability: Operating margin scored 55/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 34/100.
- Review — Accountability: Governance controls: Other executive compensation review process not reported.
- High — Sustainability: Officer compensation ratio scored 18/100.
- High — Sustainability: Liabilities to assets ratio scored 22/100.