← ACHIEVEMENT FIRST BROOKLYN CHARTER SCHOOLS

Form 990 for tax year 2023

Filed by ACHIEVEMENT FIRST BROOKLYN CHARTER SCHOOLS.

Totals

Total revenue: $190,406,762
Total expenses: $165,938,161
Contributions and grants received: $13,917,517
Grants paid: $2,500
Program service revenue: $170,468,597
Investment income: $3,270,314
Other revenue: $2,750,334
Total assets, end of year: $166,116,176
Total liabilities, end of year: $71,433,123
Net assets or fund balances, end of year: $94,683,053
Program services expenses (Part IX): $144,650,359
Management and general expenses: $21,274,985
Fundraising expenses: $12,817
Program service expenses (Part III): $144,650,359

Program services were 87.2% 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.

1e · Government grants (contributions)

$13,917,517
1g · Noncash contributions included above

$395,204
2a · Program service revenue: STATE AND LOCAL PER PUPIL OPERATI

total $149,022,585 · related or exempt $149,022,585
2b · Program service revenue: GRANTS FROM GOVERNMENT CONTRACTS

total $14,991,587 · related or exempt $14,991,587
2c · Program service revenue: FEES FROM GOV'T TO PERFORM SERVIC

total $6,454,425 · related or exempt $6,454,425
3 · Investment income

total $3,276,628 · excluded $3,276,628
7a · Gross sales of assets other than inventory

other assets $1,295,875
7b · Less cost or other basis and sales expenses

other assets $1,302,189
7c · Gain or loss

other assets -$6,314
7d · Net gain or loss

total -$6,314 · excluded -$6,314
11a · Other revenue: LEASE ASSISTANCE PROGRAM

total $2,306,537 · related or exempt $2,306,537
11b · Other revenue: STUDENT FEES

total $197,635 · related or exempt $197,635
11d · All other revenue

total $246,162 · related or exempt $246,162
11e · Other revenue, total

$2,750,334

Functional expenses

Part IX, the statement of functional expenses.

2 · Grants to domestic individuals

total $2,500 · program services $2,500
7 · Other salaries and wages

total $90,800,657 · program services $77,728,100 · management and general $13,072,557
8 · Pension plan contributions

total $794,117 · program services $740,761 · management and general $53,356
9 · Other employee benefits

total $10,245,526 · program services $9,557,141 · management and general $688,385
10 · Payroll taxes

total $5,806,445 · program services $5,416,316 · management and general $390,129
11a · Fees: management

total $20,163,962 · program services $17,454,203 · management and general $2,696,942 · fundraising $12,817
11b · Fees: legal

total $2,960 · management and general $2,960
11c · Fees: accounting

total $173,856 · management and general $173,856
11g · Fees: other

total $3,141,304 · program services $2,790,454 · management and general $350,850
12 · Advertising and promotion

total $254,752 · program services $219,507 · management and general $35,245
13 · Office expenses

total $3,838,571 · program services $3,078,169 · management and general $760,402
14 · Information technology

total $5,862,008 · program services $5,228,971 · management and general $633,037
16 · Occupancy

total $7,444,879 · program services $6,344,977 · management and general $1,099,902
22 · Depreciation, depletion and amortization

total $2,073,678 · program services $1,782,462 · management and general $291,216
23 · Insurance

total $758,773 · program services $657,589 · management and general $101,184
24a · Other expenses: SUPPLIES MATERIALS

total $5,280,050 · program services $5,265,400 · management and general $14,650
24b · Other expenses: STUDENT SERVICES

total $3,143,733 · program services $2,968,843 · management and general $174,890
24c · Other expenses: REPAIRS AND MAINTENANCE

total $2,365,362 · program services $2,050,733 · management and general $314,629
24d · Other expenses: EQUIPMENT/FURNISHING

total $1,812,528 · program services $1,558,624 · management and general $253,904
24e · All other expenses

total $1,972,500 · program services $1,805,609 · management and general $166,891

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $34,747,346 · end of year $51,492,645
2 · Savings and temporary cash investments

beginning of year $12,393,371 · end of year $15,340,438
4 · Accounts receivable

beginning of year $10,443,859 · end of year $17,558,075
7 · Other notes and loans receivable

beginning of year $7,142,270 · end of year $8,807,270
9 · Prepaid expenses and deferred charges

beginning of year $186,356 · end of year $2,086,464
10a · Land, buildings and equipment: cost or other basis

$19,640,330
10b · Land, buildings and equipment: accumulated depreciation

$13,109,732
10c · Land, buildings and equipment, net

beginning of year $6,136,877 · end of year $6,530,598
14 · Intangible assets

beginning of year $9,821,002 · end of year $63,970,557
15 · Other assets

beginning of year $1,432,023 · end of year $330,129
17 · Accounts payable and accrued expenses

beginning of year $3,750,689 · end of year $5,062,954
19 · Deferred revenue

beginning of year $87,253 · end of year $4,149
25 · Other liabilities

beginning of year $8,250,710 · end of year $66,366,020
27 · Net assets without donor restrictions

beginning of year $70,214,452 · end of year $94,683,053

Mission and programs · 2023

Mission

TO STRENGTHEN THE ACADEMIC AND CHARACTER SKILLS NEEDED FOR ALL STUDENTS TO EXCEL IN TOP-TIER COLLEGES, TO ACHIEVE SUCCESS IN A COMPETITIVE WORLD, AND TO SERVE AS THE NEXT GENERATION OF LEADERS IN THEIR COMMUNITIES. THE SCHOOLS SERVE STUDENTS FROM LOW INCOME HOUSEHOLDS IN BROOKLYN AND QUEENS, NEW YORK. THE SCHOOLS OPERATED CLASSES FOR STUDENTS IN KINDERGARTEN TO THE TWELFTH GRADE.

ACADEMIC PROGRAMS FOR STUDENTS IN KINDERGARTEN TO THE TWELFTH GRADE.

Expenses $144,650,359 · Grants $2,500 · Revenue $173,218,931

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

AKEEM FRETT

SECRETARY

Total calculated

$0

Hours/week

1
AMY ARTHUR SAMUELS

TRUSTEE

Total calculated

$0

Hours/week

1
ANUP MENON

TRUSTEE

Total calculated

$0

Hours/week

1
BRANDON SORLIE

TRUSTEE

Total calculated

$0

Hours/week

1
CHRISTOPHER LYNCH

TREASURER

Total calculated

$0

Hours/week

1
DAVID POLLAK

TRUSTEE

Total calculated

$0

Hours/week

1
DESIREE DALTON

TRUSTEE

Total calculated

$0

Hours/week

1
JONATHAN ATKESON

TRUSTEE

Total calculated

$0

Hours/week

1
JOSH VIDRO

TRUSTEE

Total calculated

$0

Hours/week

1
KEVIN MIQUELON

TRUSTEE

Total calculated

$0

Hours/week

1
PAUL CABANA

TRUSTEE

Total calculated

$0

Hours/week

1
ROMY COQUILLETTE

CHAIR

Total calculated

$0

Hours/week

1
SHAWN WARRREN

TRUSTEE

Total calculated

$0

Hours/week

1
TAMIKA BRADLEY

TRUSTEE

Total calculated

$0

Hours/week

1
WARREN YOUNG

TREASURER

Total calculated

$0

Hours/week

1
WILLIAM ROBALINO

TRUSTEE

Total calculated

$0

Hours/week

1
ALLISON R LAIRD

PRINCIPAL

Total calculated

$180,620

From this org

$168,118

From related orgs

$0

Other

$12,502

Hours/week

40

Schedule J breakdown matched by us

Base

$160,028

Bonus

$7,977

Other

$113

Deferred

$2,500

Nontaxable benefits

$10,002

Filer's total

$180,620
COLLEEN YOUNG

PRINCIPAL

Total calculated

$194,030

From this org

$178,319

From related orgs

$0

Other

$15,711

Hours/week

40

Schedule J breakdown matched by us

Base

$169,915

Bonus

$8,291

Other

$113

Deferred

$2,500

Nontaxable benefits

$13,211

Filer's total

$194,030
COURTNEY O'REILLY SARETZSKY

PRINCIPAL

Total calculated

$219,705

From this org

$216,918

From related orgs

$0

Other

$2,787

Hours/week

40

Schedule J breakdown matched by us

Base

$208,177

Bonus

$8,619

Other

$122

Deferred

$2,500

Nontaxable benefits

$287

Filer's total

$219,705
JESSE UGGLA

PRINCIPAL

Total calculated

$182,588

From this org

$166,270

From related orgs

$0

Other

$16,318

Hours/week

40

Schedule J breakdown matched by us

Base

$158,091

Bonus

$8,054

Other

$125

Deferred

$2,500

Nontaxable benefits

$13,818

Filer's total

$182,588
JORDAN N HARDY

PRINCIPAL

Total calculated

$181,465

From this org

$166,445

From related orgs

$0

Other

$15,020

Hours/week

40

Schedule J breakdown matched by us

Base

$158,600

Bonus

$7,745

Other

$100

Deferred

$2,500

Nontaxable benefits

$12,520

Filer's total

$181,465

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 · Approval by the board or compensation committee
7 · Other non-fixed payments

Answered no

4a · Severance or change-of-control payment
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 7: THE AMOUNTS INCLUDED ON PART II, COLUMN B(II) REPRESENT BONUSES. THESE AMOUNTS WERE INCLUDED IN THE INDIVIDUALS' 2023 W-2S AND APPROVED BY THE BOARD.

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

No itemized grants to organizations on this return.

Provenance

Return type: form_990
Tax year: 2023
Filed: 14 May 2025
IRS schema version: 2023v6.0
Source object: 202511349349309086

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.