Form 990 for tax year 2023
Filed by SUCCESS ACADEMY CHARTER SCHOOLS - NYC.
Totals
- Total revenue
- $452,629,748
- Total expenses
- $396,032,324
- Contributions and grants received
- $50,182,293
- Grants paid
- $0
- Program service revenue
- $391,249,450
- Investment income
- $11,018,121
- Other revenue
- $179,884
- Total assets, end of year
- $361,127,629
- Total liabilities, end of year
- $66,674,700
- Net assets or fund balances, end of year
- $294,452,929
- Program services expenses (Part IX)
- $356,374,123
- Management and general expenses
- $39,658,201
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $356,374,123
Program services were 90.0% 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.
-
1e · Government grants (contributions)
$43,864,884
-
1f · All other contributions, gifts and grants
$6,317,409
-
2a · Program service revenue: STATE & LOCAL PER PUPIL OPERATING REV.
total $391,235,440 · related or exempt $391,235,440
-
2b · Program service revenue: SCHOLAR ACTIVIY AND TECHNOLOGY FEES
total $14,010 · related or exempt $14,010
-
3 · Investment income
total $11,018,121 · excluded $11,018,121
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8a · Fundraising events: gross income
$0
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $0
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$0
-
10b · Cost of goods sold
$0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: REIMBURSEMENT
total $179,884 · excluded $179,884
-
11e · Other revenue, total
$179,884
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $167,058,456 · program services $153,693,780 · management and general $13,364,676
-
8 · Pension plan contributions
total $3,947,529 · program services $3,631,727 · management and general $315,802
-
9 · Other employee benefits
total $16,688,984 · program services $15,353,865 · management and general $1,335,119
-
10 · Payroll taxes
total $12,140,791 · program services $11,169,528 · management and general $971,263
-
11a · Fees: management
total $77,765,712 · program services $62,212,570 · management and general $15,553,142
-
11b · Fees: legal
total $1,176,177 · management and general $1,176,177
-
11c · Fees: accounting
total $209,007 · management and general $209,007
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $329,196 · program services $302,860 · management and general $26,336
-
12 · Advertising and promotion
total $16,220,943 · program services $16,220,943
-
13 · Office expenses
total $7,804,011 · program services $6,925,445 · management and general $878,566
-
14 · Information technology
total $24,854,811 · program services $22,866,426 · management and general $1,988,385
-
15 · Royalties
total $0
-
16 · Occupancy
total $17,947,461 · program services $16,511,664 · management and general $1,435,797
-
17 · Travel
total $3,019,011 · program services $2,777,490 · management and general $241,521
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $63,274 · program services $58,212 · management and general $5,062
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $13,264,488 · program services $12,203,329 · management and general $1,061,159
-
23 · Insurance
total $3,231,278 · program services $2,972,776 · management and general $258,502
-
24a · Other expenses: STUDENT SERVICES
total $12,568,368 · program services $12,559,462 · management and general $8,906
-
24b · Other expenses: INSTRUCTIONAL SUPPLIES
total $10,610,342 · program services $10,610,342
-
24c · Other expenses: PROFESSIONAL DEVELOPMENT
total $3,635,268 · program services $3,635,268
-
24d · Other expenses: SCHOLAR FOOD SERVICE
total $1,976,503 · program services $1,976,503
-
24e · All other expenses
total $1,520,714 · program services $691,933 · management and general $828,781
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $16,049,821 · end of year $35,633,799
-
2 · Savings and temporary cash investments
beginning of year $0 · end of year $13,507,322
-
3 · Pledges and grants receivable
beginning of year $29,112,699 · end of year $34,722,297
-
4 · Accounts receivable
beginning of year $0 · end of year $1,891,661
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $30,000,000 · end of year $30,000,000
-
8 · Inventories for sale or use
beginning of year $8,152,697 · end of year $4,521,045
-
9 · Prepaid expenses and deferred charges
beginning of year $4,201,194 · end of year $71,927,243
-
10a · Land, buildings and equipment: cost or other basis
$64,177,218
-
10b · Land, buildings and equipment: accumulated depreciation
$23,334,075
-
10c · Land, buildings and equipment, net
beginning of year $24,512,518 · end of year $40,843,143
-
11 · Investments: publicly traded securities
beginning of year $0 · end of year $0
-
12 · Investments: other securities
beginning of year $0 · end of year $0
-
13 · Investments: program-related
beginning of year $0 · end of year $0
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $193,814,796 · end of year $128,081,119
-
17 · Accounts payable and accrued expenses
beginning of year $11,863,398 · end of year $18,879,980
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $2,186,853 · end of year $291,790
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $0 · end of year $0
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $53,932,728 · end of year $47,502,930
-
27 · Net assets without donor restrictions
beginning of year $237,860,746 · end of year $294,452,929
-
28 · Net assets with donor restrictions
beginning of year $0 · end of year $0
Mission and programs · 2023
Mission
BUILD EXCEPTIONAL, WORLD-CLASS PUBLIC SCHOOLS THAT PROVE CHILDREN FROM ALL BACKGROUNDS CAN SUCCEED IN COLLEGE AND LIFE.
Activities or mission (Part I)
TO PROVIDE CHILDREN IN NYC WITH A HIGH QUALITY EDUCATION THAT GIVES THEM THE KNOWLEDGE, SKILLS, CHARACTER & DISPOSITION TO MEET & EXCEED NYS STANDARDS & THE RESOURCES TO SUCCEED.
-
GENERAL EDUCATION - GENERAL EDUCATION IS THE PROGRAM OF EDUCATION THAT TYPICALLY DEVELOPING CHILDREN SHOULD RECEIVE, BASED ON STATE STANDARDS AND EVALUATED BY THE ANNUAL STATE EDUCATIONAL STANDARDS TEST. PROVIDED EDUCATION TO APPROXIMATELY 19,199 STUDENTS IN GRADES KINDERGARTEN THROUGH HIGH SCHOOL DURING THE REPORTING PERIOD.
Expenses $292,774,577 · Revenue $355,073,728
-
SPECIAL EDUCATION - SPECIAL EDUCATION IS THE PROGRAM OF EDUCATION THAT A SUBSET GROUP OF CHILDREN SHOULD RECEIVE TO PROVIDE ADDITIONAL SERVICES, SUPPORT, PROGRAMS, SPECIALIZED PLACEMENTS OR ENVIRONMENTS TO ENSURE THAT ALL STUDENTS' EDUCATIONAL NEEDS ARE PROVIDED FOR.
Expenses $63,599,546 · Revenue $36,161,712
As filed on the 2023 return.
Listed in Part VII
-
Daniel RojasDANIEL ROJAS
PRINCIPAL - SA LIBERAL ARTS HS
- Total calculated
- $259,986
- From this org
- $230,134
- From related orgs
- $0
- Other
- $29,852
- Hours/week
- 55
Schedule J breakdown matched by us
- Base
- $225,134
- Bonus
- $5,000
- Other
- $0
- Deferred
- $13,927
- Nontaxable benefits
- $15,925
- Filer's total
- $259,986
-
William AbbottWILLIAM ABBOTT
PRINCIPAL - SA HELL'S KITCHEN
- Total calculated
- $257,764
- From this org
- $232,910
- From related orgs
- $0
- Other
- $24,854
- Hours/week
- 55
Schedule J breakdown matched by us
- Base
- $220,032
- Bonus
- $12,878
- Other
- $0
- Deferred
- $11,773
- Nontaxable benefits
- $13,081
- Filer's total
- $257,764
-
Rachel KeaneRACHEL KEANE
SR LEADER - SA LIBERAL ARTS HS
- Total calculated
- $219,234
- From this org
- $180,809
- From related orgs
- $0
- Other
- $38,425
- Hours/week
- 55
Schedule J breakdown matched by us
- Base
- $172,230
- Bonus
- $8,579
- Other
- $0
- Deferred
- $22,500
- Nontaxable benefits
- $15,925
- Filer's total
- $219,234
-
Bianca Rosa-AvilesBIANCA ROSA-AVILES
SENIOR LEADER - Bronx 2
- Total calculated
- $217,473
- From this org
- $193,693
- From related orgs
- $0
- Other
- $23,780
- Hours/week
- 55
Schedule J breakdown matched by us
- Base
- $174,118
- Bonus
- $19,575
- Other
- $0
- Deferred
- $5,990
- Nontaxable benefits
- $17,790
- Filer's total
- $217,473
-
Samantha LalliSAMANTHA LALLI
Principal - SA Springfield
- Total calculated
- $209,939
- From this org
- $171,085
- From related orgs
- $0
- Other
- $38,854
- Hours/week
- 55
Schedule J breakdown matched by us
- Base
- $155,582
- Bonus
- $15,503
- Other
- $0
- Deferred
- $22,929
- Nontaxable benefits
- $15,925
- Filer's total
- $209,939
-
Lorenzo SmithLORENZO SMITH
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 2
-
Scott FriedmanSCOTT FRIEDMAN
VICE CHAIR/TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Suleman LunatSULEMAN LUNAT
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Ramin BeheshtiRAMIN BEHESHTI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Derrell BradfordDERRELL BRADFORD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Edwin CespedesEDWIN CESPEDES
BOARD MEMBER (AS OF 07/23)
- Total calculated
- $0
- Hours/week
- 1
-
Samuel ColeSAMUEL COLE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Ripan KadakiaRIPAN KADAKIA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Aaron KinnariAARON KINNARI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Regina KrumholzREGINA KRUMHOLZ
BOARD MEMBER (AS OF 12/23)
- Total calculated
- $0
- Hours/week
- 1
-
Kamilah Mitchell-ThomasKAMILAH MITCHELL-THOMAS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Robin PzenaROBIN PZENA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Lizette St HilaireLIZETTE ST HILAIRE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Shabbir AhmedSHABBIR AHMED
CHIEF FINANCIAL OFFICER
- Total calculated
- $0
- Hours/week
- 10
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
- 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:
- SCHEDULE J, PART II, COLUMN (B)(II) REPORTS DISCRETIONARY INCENTIVE AMOUNTS THAT WERE APPROVED BY THE BOARD BASED UPON PERFORMANCE.
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
- 9 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202521339349307387
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