Form 990 for tax year 2022
Filed by ACHIEVEMENT FIRST BROOKLYN CHARTER SCHOOLS.
Totals
- Total revenue
- $181,518,401
- Total expenses
- $170,028,927
- Contributions and grants received
- $9,658,023
- Grants paid
- $451,399
- Program service revenue
- $168,872,170
- Investment income
- $812,036
- Other revenue
- $2,176,172
- Total assets, end of year
- $82,303,104
- Total liabilities, end of year
- $12,088,652
- Net assets or fund balances, end of year
- $70,214,452
- Program services expenses (Part IX)
- $149,450,073
- Management and general expenses
- $20,559,854
- Fundraising expenses
- $19,000
- Program service expenses (Part III)
- $149,450,073
Program services were 87.9% 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)
$9,199,825
-
1f · All other contributions, gifts and grants
$458,198
-
1g · Noncash contributions included above
$497,630
-
2a · Program service revenue: STATE AND LOCAL PER PUPIL OPERATI
total $146,761,477 · related or exempt $146,761,477
-
2b · Program service revenue: GRANTS FROM GOVERNMENT CONTRACTS
total $16,015,798 · related or exempt $16,015,798
-
2c · Program service revenue: FEES FROM GOV'T TO PERFORM SERVIC
total $6,094,895 · related or exempt $6,094,895
-
3 · Investment income
total $860,090 · excluded $860,090
-
7a · Gross sales of assets other than inventory
other assets $1,039,244
-
7b · Less cost or other basis and sales expenses
other assets $1,087,298
-
7c · Gain or loss
other assets -$48,054
-
7d · Net gain or loss
total -$48,054 · excluded -$48,054
-
11a · Other revenue: LEASE ASSISTANCE PROGRAM
total $1,298,220 · related or exempt $1,298,220
-
11d · All other revenue
total $877,952 · related or exempt $877,952
-
11e · Other revenue, total
$2,176,172
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $451,399 · program services $451,399
-
7 · Other salaries and wages
total $102,297,958 · program services $88,313,269 · management and general $13,984,689
-
8 · Pension plan contributions
total $1,198,133 · program services $1,034,615 · management and general $163,518
-
9 · Other employee benefits
total $16,056,606 · program services $13,865,241 · management and general $2,191,365
-
11a · Fees: management
total $19,280,832 · program services $18,297,791 · management and general $964,041 · fundraising $19,000
-
11b · Fees: legal
total $15,932 · management and general $15,932
-
11c · Fees: accounting
total $163,654 · management and general $163,654
-
11g · Fees: other
total $664,744 · program services $519,890 · management and general $144,854
-
12 · Advertising and promotion
total $199,001 · program services $199,001
-
13 · Office expenses
total $4,076,379 · program services $3,154,352 · management and general $922,027
-
14 · Information technology
total $5,428,290 · program services $5,287,452 · management and general $140,838
-
16 · Occupancy
total $1,651,719 · program services $1,431,183 · management and general $220,536
-
20 · Interest
total $4,672 · management and general $4,672
-
22 · Depreciation, depletion and amortization
total $2,111,897 · program services $1,689,519 · management and general $422,378
-
23 · Insurance
total $763,779 · program services $658,950 · management and general $104,829
-
24a · Other expenses: REPAIRS AND MAINTENANCE
total $4,505,552 · program services $3,768,155 · management and general $737,397
-
24b · Other expenses: SUPPLIES MATERIALS
total $3,315,424 · program services $3,315,424
-
24c · Other expenses: STAFF DEVELOPMENT
total $2,633,775 · program services $2,633,775
-
24d · Other expenses: FOOD SERVICES
total $1,982,224 · program services $1,982,224
-
24e · All other expenses
total $3,226,957 · program services $2,847,833 · management and general $379,124
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $12,868,898 · end of year $34,747,346
-
2 · Savings and temporary cash investments
beginning of year $26,337,460 · end of year $12,393,371
-
4 · Accounts receivable
beginning of year $8,876,577 · end of year $10,443,859
-
7 · Other notes and loans receivable
beginning of year $6,642,270 · end of year $7,142,270
-
9 · Prepaid expenses and deferred charges
beginning of year $193,019 · end of year $186,356
-
10a · Land, buildings and equipment: cost or other basis
$18,114,442
-
10b · Land, buildings and equipment: accumulated depreciation
$11,977,565
-
10c · Land, buildings and equipment, net
beginning of year $7,232,818 · end of year $6,136,877
-
14 · Intangible assets
beginning of year $4,092,099 · end of year $9,821,002
-
15 · Other assets
beginning of year $1,205,294 · end of year $1,432,023
-
17 · Accounts payable and accrued expenses
beginning of year $4,653,249 · end of year $3,750,689
-
19 · Deferred revenue
beginning of year $2,661,755 · end of year $87,253
-
24 · Unsecured notes and loans payable
beginning of year $459,118 · end of year $0
-
25 · Other liabilities
beginning of year $1,245,318 · end of year $8,250,710
-
27 · Net assets without donor restrictions
beginning of year $58,418,495 · end of year $70,214,452
-
28 · Net assets with donor restrictions
beginning of year $10,500 · end of year $0
Mission and programs · 2022
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 $149,450,073 · Grants $451,399 · Revenue $171,048,342
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
AKEEM FRETT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
ALISON RICHARDSON
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
-
CHRISTOPHER LYNCH
VICE CHAIR
- 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
-
JUDITH JOSEPH JENKINS
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
-
RHONDA BARROS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
ROMY COQUILLETTE
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
SHAWN WARREN
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
-
ANNA SAMPER
PRINCIPAL
- Total calculated
- $183,103
- From this org
- $171,925
- From related orgs
- $0
- Other
- $11,178
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $166,788
- Bonus
- $5,000
- Other
- $137
- Deferred
- $0
- Nontaxable benefits
- $11,178
- Filer's total
- $183,103
-
COLLEEN YOUNG
PRINCIPAL
- Total calculated
- $188,906
- From this org
- $175,232
- From related orgs
- $0
- Other
- $13,674
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $170,115
- Bonus
- $5,000
- Other
- $117
- Deferred
- $2,500
- Nontaxable benefits
- $11,174
- Filer's total
- $188,906
-
COURTNEY SARETZKY
PRINCIPAL
- Total calculated
- $206,171
- From this org
- $203,384
- From related orgs
- $0
- Other
- $2,787
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $198,276
- Bonus
- $5,000
- Other
- $108
- Deferred
- $2,500
- Nontaxable benefits
- $287
- Filer's total
- $206,171
-
JORDAN N HARDY
PRINCIPAL
- Total calculated
- $178,333
- From this org
- $163,784
- From related orgs
- $0
- Other
- $14,549
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $158,684
- Bonus
- $5,000
- Other
- $100
- Deferred
- $2,500
- Nontaxable benefits
- $12,049
- Filer's total
- $178,333
-
SAMANTHA J JONES
PRINCIPAL
- Total calculated
- $246,498
- From this org
- $234,600
- From related orgs
- $0
- Other
- $11,898
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $228,005
- Bonus
- $6,500
- Other
- $95
- Deferred
- $2,500
- Nontaxable benefits
- $9,398
- Filer's total
- $246,498
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' 2022 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
- 2022
- Filed
- 3 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202421289349300202
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