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← FRIENDS OF EARL MONROE NEW RENAISSANCE BASKETBALL CHARTER SCH

Form 990 for tax year 2022

Filed by FRIENDS OF EARL MONROE NEW RENAISSANCE BASKETBALL CHARTER SCH.

Totals

Total revenue
$799,051
Total expenses
$653,737
Contributions and grants received
$340,265
Grants paid
$273,000
Program service revenue
$0
Investment income
$344,195
Other revenue
$114,591
Total assets, end of year
$12,658,138
Total liabilities, end of year
$2,065,947
Net assets or fund balances, end of year
$10,592,191
Program services expenses (Part IX)
$589,846
Management and general expenses
$20,516
Fundraising expenses
$43,375
Program service expenses (Part III)
$589,846

Program services were 90.2% 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.

  • 1f · All other contributions, gifts and grants

    $340,265

  • 3 · Investment income

    total $304,951 · excluded $304,951

  • 6a · Gross rents

    real property $1,337,837

  • 6b · Less rental expenses

    real property $1,223,246

  • 6c · Rental income or loss

    real property $114,591

  • 6d · Net rental income or loss

    total $114,591 · related or exempt $114,591

  • 7a · Gross sales of assets other than inventory

    other assets $2,460,756

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

    other assets $2,421,512

  • 7c · Gain or loss

    other assets $39,244

  • 7d · Net gain or loss

    total $39,244 · excluded $39,244

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $273,000 · program services $273,000

  • 11b · Fees: legal

    total $1,226 · management and general $1,226

  • 11c · Fees: accounting

    total $18,000 · management and general $18,000

  • 11g · Fees: other

    total $360,221 · program services $316,846 · fundraising $43,375

  • 24a · Other expenses: SUPPLIES AND MATERIALS

    total $1,282 · management and general $1,282

  • 24b · Other expenses: OTHER

    total $8 · management and general $8

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $185,195 · end of year $49,687

  • 2 · Savings and temporary cash investments

    beginning of year $10,063,142 · end of year $7,709,080

  • 3 · Pledges and grants receivable

    beginning of year $128,632 · end of year $107,632

  • 9 · Prepaid expenses and deferred charges

    beginning of year $78,588 · end of year $0

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

    $171,900

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $27,000 · end of year $171,900

  • 12 · Investments: other securities

    end of year $2,452,415

  • 15 · Other assets

    beginning of year $231,587 · end of year $2,167,424

  • 17 · Accounts payable and accrued expenses

    beginning of year $60,000 · end of year $89,727

  • 19 · Deferred revenue

    beginning of year $78,588 · end of year $0

  • 25 · Other liabilities

    beginning of year $155,837 · end of year $1,976,220

  • 27 · Net assets without donor restrictions

    beginning of year $10,342,087 · end of year $10,534,559

  • 28 · Net assets with donor restrictions

    beginning of year $77,632 · end of year $57,632

Mission and programs · 2022

Mission

FRIENDS OF EARL MONROE NEW RENAISSANCE BASKETBALL CHARTER SCHOOL'S MISSION IS TO SUPPORT EARL MONROE NEW RENAISSANCE BASKETBALL CHARTER SCHOOL IN ITS MISSION TO HELP STUDENTS FROM SOME OF NYC'S MOST CHALLENGING NEIGHBORHOODS SEE BEYOND THE HARDWOOD TO FIND HOPE AND OPORTUNITY. WE WANT THEM TO BE INSPIRED NOT JUST BY PLAYERS, BUT BY RECOGNIZABLE AND RESPECTED ROLE MODELS FROM PROFESSIONS RELATED TO BASKETBALL.

Activities or mission (Part I)

FRIENDS OF EMNR'S MISSION IS TO SUPPORT THE SCHOOL IN ITS MISSION VIA SUPPORT IN THE SCHOOL'S FACILITY WORK AS WELL AS ACTING AS A FUNDRAISING ARM FOR THE SCHOOL.

  • TO SUPPORT EARL MONROE CHARTER SCHOOL IN IT'S MISSION TO PROVIDE HIGH QUALITY EDUCATIONAL SERVICES AND POST-SECONDARY EDUCATIONAL PREPAREDNESS FOR STUDENTS IN GRADES 9-12.

    Expenses $589,846 · Grants $273,000 · Revenue $114,591

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

Listed in Part VII

  • Dan Klores

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Jack Irushalmi

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Scott Mager

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Monica Major

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Antonio Burgos

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

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.

Grants on this return

Provenance

Return type
form_990
Tax year
2022
Filed
8 May 2024
IRS schema version
2022v5.0
Source object
202401319349302720

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