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← ACHIEVEMENT FIRST INC

Form 990 for tax year 2022

Filed by ACHIEVEMENT FIRST INC.

Totals

Total revenue
$41,941,956
Total expenses
$52,573,871
Contributions and grants received
$5,555,473
Grants paid
$4,335,379
Program service revenue
$32,510,638
Investment income
-$97,098
Other revenue
$3,972,943
Total assets, end of year
$43,942,379
Total liabilities, end of year
$15,955,383
Net assets or fund balances, end of year
$27,986,996
Program services expenses (Part IX)
$43,643,911
Management and general expenses
$7,760,223
Fundraising expenses
$1,169,737
Program service expenses (Part III)
$43,643,911

Program services were 83.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $5,555,473

  • 1g · Noncash contributions included above

    $30,076

  • 2a · Program service revenue: MANAGEMENT FEE

    total $26,678,466 · related or exempt $26,678,466

  • 2b · Program service revenue: ANCILLARY SCHOOL SERVICES SUPPORT

    total $3,499,999 · related or exempt $3,499,999

  • 2c · Program service revenue: FEDERAL E-RATE FUNDING

    total $1,333,831 · related or exempt $1,333,831

  • 2d · Program service revenue: CHARTER START UP

    total $998,342 · related or exempt $998,342

  • 3 · Investment income

    total $71,140 · excluded $71,140

  • 6a · Gross rents

    real property $2,771,985

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $2,771,985

  • 6d · Net rental income or loss

    total $2,771,985 · excluded $2,771,985

  • 7b · Less cost or other basis and sales expenses

    securities $1,135 · other assets $167,103

  • 7c · Gain or loss

    securities -$1,135 · other assets -$167,103

  • 7d · Net gain or loss

    total -$168,238 · excluded -$168,238

  • 11a · Other revenue: CURRICULUM DEVELOPMENT REVENUE

    total $936,000 · related or exempt $936,000

  • 11d · All other revenue

    total $264,958 · related or exempt $264,958

  • 11e · Other revenue, total

    $1,200,958

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,269,946 · program services $4,269,946

  • 2 · Grants to domestic individuals

    total $65,433 · program services $65,433

  • 5 · Compensation of officers, directors and key employees

    total $1,004,218 · program services $802,602 · management and general $172,800 · fundraising $28,816

  • 7 · Other salaries and wages

    total $30,338,841 · program services $24,239,283 · management and general $5,227,627 · fundraising $871,931

  • 9 · Other employee benefits

    total $1,699,928 · program services $1,389,941 · management and general $266,265 · fundraising $43,722

  • 10 · Payroll taxes

    total $2,850,553 · program services $2,330,505 · management and general $450,852 · fundraising $69,196

  • 11b · Fees: legal

    total $54,735 · program services $40,341 · management and general $12,603 · fundraising $1,791

  • 11c · Fees: accounting

    total $52,216 · program services $38,484 · management and general $12,023 · fundraising $1,709

  • 11g · Fees: other

    total $3,394,442 · program services $2,504,053 · management and general $780,246 · fundraising $110,143

  • 12 · Advertising and promotion

    total $549,477 · program services $538,829 · management and general $8,215 · fundraising $2,433

  • 13 · Office expenses

    total $277,206 · program services $217,621 · management and general $55,474 · fundraising $4,111

  • 14 · Information technology

    total $588,440 · program services $453,170 · management and general $125,007 · fundraising $10,263

  • 16 · Occupancy

    total $1,666,002 · program services $1,606,751 · management and general $59,251

  • 17 · Travel

    total $499,118 · program services $371,291 · management and general $123,890 · fundraising $3,937

  • 20 · Interest

    total $196,068 · program services $176,461 · management and general $19,607

  • 22 · Depreciation, depletion and amortization

    total $1,877,794 · program services $1,839,243 · management and general $38,551

  • 23 · Insurance

    total $1,154 · program services $930 · management and general $198 · fundraising $26

  • 24a · Other expenses: SCHOOL PROGRAM SUPPORT

    total $2,172,881 · program services $1,890,525 · management and general $282,356

  • 24b · Other expenses: RECRUITMENT OF SCHOOL A

    total $574,635 · program services $524,492 · management and general $39,723 · fundraising $10,420

  • 24c · Other expenses: PROFESSIONAL DEVELOPMEN

    total $91,580 · program services $78,390 · management and general $10,240 · fundraising $2,950

  • 24d · Other expenses: GOVERNANCE, ADVOCACY AN

    total $86,196 · program services $63,594 · management and general $20,071 · fundraising $2,531

  • 24e · All other expenses

    total $263,008 · program services $202,026 · management and general $55,224 · fundraising $5,758

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,385,756 · end of year $10,692,553

  • 2 · Savings and temporary cash investments

    beginning of year $5,194 · end of year $71,435

  • 3 · Pledges and grants receivable

    beginning of year $10,440,492 · end of year $3,144,842

  • 4 · Accounts receivable

    end of year $91,599

  • 7 · Other notes and loans receivable

    beginning of year $1,500,000 · end of year $1,500,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $7,312,150 · end of year $9,071,688

  • 10a · Land, buildings and equipment: cost or other basis

    $5,430,876

  • 10b · Land, buildings and equipment: accumulated depreciation

    $3,593,328

  • 10c · Land, buildings and equipment, net

    beginning of year $3,410,530 · end of year $1,837,548

  • 14 · Intangible assets

    end of year $3,062,712

  • 15 · Other assets

    beginning of year $23,212,766 · end of year $14,470,002

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,930,748 · end of year $4,104,656

  • 19 · Deferred revenue

    end of year $2,500

  • 24 · Unsecured notes and loans payable

    beginning of year $8,338,793 · end of year $8,734,861

  • 25 · Other liabilities

    beginning of year $378,436 · end of year $3,113,366

  • 27 · Net assets without donor restrictions

    beginning of year $27,862,254 · end of year $25,696,554

  • 28 · Net assets with donor restrictions

    beginning of year $10,756,657 · end of year $2,290,442

Mission and programs · 2022

Mission

ACHIEVEMENT FIRST, INC. IS A NON-PROFIT CHARTER SCHOOLS MANAGEMENT ORGANIZATION THAT OPERATES A NETWORK OF K-12 PUBLIC CHARTER SCHOOLS IN CONNECTICUT, RHODE ISLAND, AND NEW YORK. THE NETWORK OF SCHOOLS FOCUSES ON PROVIDING STUDENTS WITH THE ACADEMIC AND CHARACTER SKILLS THEY NEED TO GRADUATE FROM TOP COLLEGES, TO SUCCEED IN A COMPETITIVE WORLD, AND TO SERVE AS THE NEXT GENERATION OF LEADERS OF THEIR COMMUNITIES.

  • EDUCATIONAL, FINANCIAL AND MANAGEMENT SERVICES TO CHARTER SCHOOLS IN CONNECTICUT, NEW YORK AND RHODE ISLAND.

    Expenses $34,847,327 · Grants $65,433 · Revenue $33,711,596

  • SCHOOL GRANTS: TO PROVIDE ASSISTANCE TO A NETWORK OF K-12 PUBLIC CHARTER SCHOOLS IN CONNECTICUT, RHODE ISLAND, AND NEW YORK. THE NETWORK OF SCHOOLS FOCUSES ON PROVIDING STUDENTS WITH THE ACADEMIC AND CHARACTER SKILLS THEY NEED TO GRADUATE FROM TOP COLLEGES, TO SUCCEED IN A COMPETITIVE WORLD, AND TO SERVE AS THE NEXT GENERATION OF LEADERS OF THEIR COMMUNITIES. CONTRIBUTIONS, GIFTS, AND GRANTS WERE RECEIVED BY THE ORGANIZATION WHICH WERE USED TO COVER THE EXPENSES OF THESE PROGRAMS.

    Expenses $4,269,946 · Grants $4,269,946

  • IMPROVEMENT OF EDUCATIONAL EXPERIENCES RELATED TO PREPARATION AND SUCCESS IN COLLEGE, INNOVATION IN ELEMENTARY SCHOOL DESIGN, PARENT AND COMMUNITY ENGAGEMENT AND, SHARING EDUCATIONAL PRACTICES WITH TRADITIONAL PUBLIC AND OTHER CHARTER SCHOOLS.

    Expenses $4,526,638

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Andrew Boas

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Anthony L Davis

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Ariela Rozman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Griselda Rodriguez-Solomon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Motley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • K Percy Ballah

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Valerie Rockefeller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • William Buck

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Fatimah Barker

    OUTGOING CEO

    Total calculated
    $416,409
    From this org
    $394,241
    From related orgs
    $0
    Other
    $22,168
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $289,793
    Bonus
    $0
    Other
    $104,448
    Deferred
    $0
    Nontaxable benefits
    $22,168
    Filer's total
    $416,409

  • Lisa Margosian

    CEO

    Total calculated
    $264,528
    From this org
    $263,461
    From related orgs
    $0
    Other
    $1,067
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $262,933
    Bonus
    $0
    Other
    $528
    Deferred
    $0
    Nontaxable benefits
    $1,067
    Filer's total
    $264,528

  • Neil Shah

    CHIEF FINANCIAL OFFICER

    Total calculated
    $220,650
    From this org
    $220,650
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $220,650
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $220,650

  • De-Lea Deane

    CHIEF EQUITY OFFICER

    Total calculated
    $301,621
    From this org
    $277,188
    From related orgs
    $0
    Other
    $24,433
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $153,590
    Bonus
    $0
    Other
    $123,598
    Deferred
    $0
    Nontaxable benefits
    $24,433
    Filer's total
    $301,621

  • Jesse Balis-Harris

    CHIEF OF SCHOOLS

    Total calculated
    $255,933
    From this org
    $231,359
    From related orgs
    $0
    Other
    $24,574
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $213,746
    Bonus
    $17,500
    Other
    $113
    Deferred
    $2,500
    Nontaxable benefits
    $22,074
    Filer's total
    $255,933

  • Stephanie Blake

    SUPERINTENDENT

    Total calculated
    $246,089
    From this org
    $228,048
    From related orgs
    $0
    Other
    $18,041
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $161,948
    Bonus
    $0
    Other
    $66,100
    Deferred
    $0
    Nontaxable benefits
    $18,041
    Filer's total
    $246,089

  • Susan Cocuzza

    CHIEF OF STAFF

    Total calculated
    $238,449
    From this org
    $226,300
    From related orgs
    $0
    Other
    $12,149
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $226,120
    Bonus
    $0
    Other
    $180
    Deferred
    $2,500
    Nontaxable benefits
    $9,649
    Filer's total
    $238,449

  • Xanthe Jory

    CHIEF OPERATING OFFICER

    Total calculated
    $255,980
    From this org
    $227,466
    From related orgs
    $0
    Other
    $28,514
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $227,190
    Bonus
    $0
    Other
    $276
    Deferred
    $2,500
    Nontaxable benefits
    $26,014
    Filer's total
    $255,980

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 7 · Other non-fixed payments

Answered no

  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4A
DE-LEA DEANE - $84,983 FATIMA BARKER - $99,000 STEPHANIE BLAKE - $66,025
PART I, LINE 7
SOME OF THE INDIVIDUALS LISTED ON FORM 990, PART VII, RECEIVED BONUSES. THESE AMOUNTS WERE APPROVED BY THE BOARD AND INCLUDED IN THE INDIVIDUALS W-2S.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • ACHIEVEMENT FIRST WAVERLY LLC

    REAL ESTATE · DE · income $0 · assets $0

    Directly controlled by ACHIEVEMENT FIRST INC

  • AF GLENMORE AVENUE LLC

    REAL ESTATE · DE · income $4,899 · assets $2,511,197

    Directly controlled by ACHIEVEMENT FIRST INC

  • AF QUEENS ES1 LLC

    REAL ESTATE · DE · income $1,223,879 · assets $3,617,996

    Directly controlled by ACHIEVEMENT FIRST INC

  • ACHIEVEMENT FIRST BROOKLYN HS4 LLC

    REAL ESTATE · DE · income $1,548,106 · assets $2,481,449

    Directly controlled by ACHIEVEMENT FIRST INC

Provenance

Return type
form_990
Tax year
2022
Filed
1 May 2024
IRS schema version
2022v5.0
Source object
202421229349300637

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