Skip to content
Nonprofiteer
← FRIENDS OF EARL MONROE NEW RENAISSANCE BASKETBALL CHARTER SCH

Form 990 for tax year 2023

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

Totals

Total revenue
$1,976,619
Total expenses
$2,389,350
Contributions and grants received
$284,427
Grants paid
$643,500
Program service revenue
$1,337,837
Investment income
$354,355
Other revenue
$0
Total assets, end of year
$11,758,323
Total liabilities, end of year
$1,486,073
Net assets or fund balances, end of year
$10,272,250
Program services expenses (Part IX)
$2,273,811
Management and general expenses
$73,979
Fundraising expenses
$41,560
Program service expenses (Part III)
$2,273,811

Program services were 95.2% 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

    $284,427

  • 2a · Program service revenue: RENTAL INCOME FROM AFFILIATE

    total $1,337,837 · related or exempt $1,337,837

  • 3 · Investment income

    total $289,275 · excluded $289,275

  • 7a · Gross sales of assets other than inventory

    other assets $14,908,999

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

    other assets $14,843,919

  • 7c · Gain or loss

    other assets $65,080

  • 7d · Net gain or loss

    total $65,080 · excluded $65,080

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $643,500 · program services $643,500

  • 11b · Fees: legal

    total $50,089 · management and general $50,089

  • 11g · Fees: other

    total $228,521 · program services $187,063 · management and general $11,233 · fundraising $30,225

  • 16 · Occupancy

    total $985,862 · program services $985,862

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $243,638 · program services $243,638

  • 24b · Other expenses: SCHOOL PROGRAMMATIC SUP

    total $201,128 · program services $201,128

  • 24c · Other expenses: SUPPLIES AND MATERIALS

    total $26,450 · program services $12,620 · management and general $2,495 · fundraising $11,335

  • 24d · Other expenses: OTHER

    total $10,162 · management and general $10,162

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $49,687 · end of year $272,980

  • 2 · Savings and temporary cash investments

    beginning of year $7,709,080 · end of year $5,024,998

  • 3 · Pledges and grants receivable

    beginning of year $107,632 · end of year $106,409

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

    $225,875

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $171,900 · end of year $225,875

  • 11 · Investments: publicly traded securities

    beginning of year $2,452,415 · end of year $1,713,520

  • 15 · Other assets

    beginning of year $2,167,424 · end of year $4,414,541

  • 17 · Accounts payable and accrued expenses

    beginning of year $109,227 · end of year $40,347

  • 25 · Other liabilities

    beginning of year $1,956,720 · end of year $1,445,726

  • 27 · Net assets without donor restrictions

    beginning of year $10,534,559 · end of year $10,215,841

  • 28 · Net assets with donor restrictions

    beginning of year $57,632 · end of year $56,409

Mission and programs · 2023

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 $2,273,811 · Grants $643,500 · Revenue $1,337,837

As filed on the 2023 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
2023
Filed
8 May 2025
IRS schema version
2023v6.0
Source object
202541329349306384

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.