Form 990 for tax year 2023
Filed by STOREFRONT ACADEMY CHARTER SCHOOL SOUTH BRONX.
Totals
- Total revenue
- $9,908,266
- Total expenses
- $10,820,751
- Contributions and grants received
- $781,027
- Grants paid
- $0
- Program service revenue
- $9,096,816
- Investment income
- $30
- Other revenue
- $30,393
- Total assets, end of year
- $32,150,831
- Total liabilities, end of year
- $32,262,253
- Net assets or fund balances, end of year
- -$111,422
- Program services expenses (Part IX)
- $9,016,711
- Management and general expenses
- $1,804,040
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $9,016,711
Program services were 83.3% 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)
$456,157
-
1f · All other contributions, gifts and grants
$324,870
-
2a · Program service revenue: PER-PUPIL REVENUE
total $9,096,816 · related or exempt $9,096,816
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $30 · excluded $30
-
6c · Rental income or loss
real property $0 · personal property $0
-
7c · Gain or loss
securities $0 · other assets $0
-
11a · Other revenue: OTHER REVENUES
total $30,393 · excluded $30,393
-
11d · All other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$30,393
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $113,944 · management and general $113,944
-
7 · Other salaries and wages
total $4,931,150 · program services $3,933,092 · management and general $998,058
-
9 · Other employee benefits
total $624,358 · program services $486,722 · management and general $137,636
-
10 · Payroll taxes
total $370,929 · program services $289,103 · management and general $81,826
-
11b · Fees: legal
total $17,749 · management and general $17,749
-
11c · Fees: accounting
total $46,882 · management and general $46,882
-
11g · Fees: other
total $855,932 · program services $797,327 · management and general $58,605 · fundraising $0
-
12 · Advertising and promotion
total $158,946 · program services $145,125 · management and general $13,821
-
13 · Office expenses
total $378,763 · program services $345,034 · management and general $33,729
-
14 · Information technology
total $144,508 · program services $132,368 · management and general $12,140
-
16 · Occupancy
total $2,213,116 · program services $2,016,523 · management and general $196,593
-
19 · Conferences, conventions and meetings
total $172,003 · program services $157,778 · management and general $14,225
-
22 · Depreciation, depletion and amortization
total $258,800 · program services $236,221 · management and general $22,579
-
23 · Insurance
total $112,745 · program services $102,661 · management and general $10,084
-
24a · Other expenses: CURRICULUM & CLASSROOM
total $242,348 · program services $242,348
-
24b · Other expenses: STUDENT SERVICES
total $102,621 · program services $102,621
-
24c · Other expenses: BAD DEBT
total $45,171 · management and general $45,171
-
24d · Other expenses: FOOD SERVICES
total $12,016 · program services $12,016
-
24e · All other expenses
total $18,770 · program services $17,772 · management and general $998 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $953,370 · end of year $357,454
-
2 · Savings and temporary cash investments
beginning of year $150,185 · end of year $150,215
-
3 · Pledges and grants receivable
beginning of year $372,105 · end of year $551,744
-
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
-
9 · Prepaid expenses and deferred charges
beginning of year $6,093 · end of year $223,853
-
10a · Land, buildings and equipment: cost or other basis
$2,731,340
-
10b · Land, buildings and equipment: accumulated depreciation
$1,383,513
-
10c · Land, buildings and equipment, net
beginning of year $1,098,727 · end of year $1,347,827
-
12 · Investments: other securities
beginning of year $0
-
13 · Investments: program-related
beginning of year $0
-
15 · Other assets
beginning of year $5,134,762 · end of year $29,519,738
-
17 · Accounts payable and accrued expenses
beginning of year $520,837 · end of year $1,505,342
-
19 · Deferred revenue
end of year $151,536
-
22 · Loans and payables to officers and key people
end of year $0
-
25 · Other liabilities
beginning of year $5,527,754 · end of year $30,605,375
-
27 · Net assets without donor restrictions
beginning of year $1,666,651 · end of year -$111,422
Mission and programs · 2023
Mission
SEE SCHEDULE O
-
THE SCHOOL WAS ORGANIZED TO PROVIDE CHILDREN OF VARIED ACADEMIC STRENGTHS QUALITY EDUCATIONAL OPPORTUNITIES, PREPARING THEM ACADEMICALLY, SOCIALLY AND EMOTIONALLY TO BECOME CRITICAL THINKERS, HIGH-ACHIEVING STUDENTS AND WELL-ROUNDED INDIVIDUALS. WORKING IN PARTNERSHIP WITH FAMILIES AND COMMUNITY MEMBERS, STOREFRONT ACADEMY INSTILLS A POWERFUL SENSE OF SELF, AND GIVES ITS STUDENTS THE TOOLS TO OWN THE FUTURE AND CREATE MEANINGFUL ADULT LIVES. THE SCHOOL SERVED 359 STUDENTS FOR THE SCHOOL YEAR ENDED JUNE 30, 2024.
Expenses $9,016,711 · Revenue $9,096,816
As filed on the 2023 return.
Listed in Part VII
-
Justin TolliverJUSTIN TOLLIVER
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Peter LowPETER LOW
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 3
-
Richard BaylesRICHARD BAYLES
CHAIR
- Total calculated
- $0
- Hours/week
- 3
-
Amanda LowAMANDA LOW
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Gretchen PuschGRETCHEN PUSCH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jewell StewartJEWELL STEWART
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jonathan StearnsJONATHAN STEARNS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Marie Lucas
Director of Operations
- Total calculated
- $98,500
- From this org
- $98,500
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Carol Lawrence SingletaryCAROL LAWRENCE SINGLETARY
PRINCIPAL
- Total calculated
- $139,672
- From this org
- $103,612
- From related orgs
- $0
- Other
- $36,060
- Hours/week
- 40
-
Darleny TejadaDARLENY TEJADA
ELL Coordinator
- Total calculated
- $114,809
- From this org
- $104,105
- From related orgs
- $0
- Other
- $10,704
- Hours/week
- 40
-
Nidia EvangelistaNIDIA EVANGELISTA
Director of Development
- Total calculated
- $112,768
- From this org
- $102,064
- From related orgs
- $0
- Other
- $10,704
- Hours/week
- 40
-
Taleema ChesneyTALEEMA CHESNEY
PRINCIPAL
- Total calculated
- $133,104
- From this org
- $122,400
- From related orgs
- $0
- Other
- $10,704
- Hours/week
- 40
-
Yoselyn FernandezYOSELYN FERNANDEZ
ASSISTANT PRINCIPAL
- Total calculated
- $131,453
- From this org
- $120,749
- From related orgs
- $0
- Other
- $10,704
- Hours/week
- 40
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
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
- 202511299349303321
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.