BRONX CHARTER SCHOOL FOR BETTER LEARNING

EIN: 260061118 501(c)(3) Education

BRONX, NY

Total Revenue
$22,744,133
Total Expenses
$20,025,392
Total Assets
$17,567,277
Net Assets
$14,916,406
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
NY
Principal Officer
SHUBERT JACOBS
Phone
7186556660
Tax Period
2023-07-01 to 2024-06-30

BRONX CHARTER SCHOOL FOR BETTER LEARNING, founded in 2003, is a mid-sized nonprofit in the Education sector that reported $22.7M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $20.0M left a modest 12% surplus.

Mission

BRONX CHARTER SCHOOL FOR BETTER LEARNING PROVIDES ITS STUDENTS WITH A SOLID FOUNDATION FOR ACADEMIC SUCCESS, THROUGH ACHIEVEMENTS THAT EXCEEDS CITYWIDE AVERAGES AND MEETS OR EXCEEDS NEW YORK STATE STANDARDS AND NATIONAL NORMS IN ALL CURRICULUM AREAS TESTED.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,345,400
Program Service Revenue $18,891,911
Investment Income $506,822
Other Revenue $0
TOTAL REVENUE $22,744,133

Expense Breakdown

Grants Paid $0
Salaries & Benefits $17,051,788
Fundraising Expenses $404,414
Program Expenses $18,114,000
Other Expenses $2,973,604
TOTAL EXPENSES $20,025,392

Year-over-Year Comparison

2023 2022 Change
Revenue $22,744,133 $20,516,051 +0.1%
Expenses $20,025,392 $19,459,573 +0.0%
Net Income $2,718,741 $1,056,478 +1.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
12
Independent Members
12
Employees
205
Volunteers
12

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$422,298
Total Directors
12
$0
Key Employees
1
$174,334
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KIMBERLY KELLY CHAIRPERSON 1.30
Officer Director
$0 $0 $0
WILLIAM BERNHARHT BOARD MEMBER 1.30
Director
$0 $0 $0
MARILYN MAYE TREASURER 1.30
Officer Director
$0 $0 $0
MARVIN WALDMAN VICE-CHAIRPERSON 1.30
Officer Director
$0 $0 $0
NEAL MYERBERG BOARD MEMBER 1.30
Director
$0 $0 $0
DEAN THOMAS BOARD MEMBER 1.30
Director
$0 $0 $0
SYRON JACK BOARD MEMBER 1.30
Director
$0 $0 $0
JEM PAGAN BOARD MEMBER 1.30
Director
$0 $0 $0
MARLON HENRY PARENT REPRESENTATIVE 1.30
Director
$0 $0 $0
ARIEL DOBKIN SECRETARY 1.30
Officer Director
$0 $0 $0
GREGORY KIMBLE BOARD MEMBER 1.30
Director
$0 $0 $0
ARTHUR POWELL BOARD MEMBER 1.30
Director
$0 $0 $0
SHUBERT JACOBS EXECUTIVE DIRECTOR 40.00
Officer
$257,530 $15,444 $272,974
NICOLE TENNANT FINANCE DIRECTOR 40.00
Officer
$144,795 $4,529 $149,324
ANNE CLARKE-RAYSOR PRINCIPAL 40.00
Key Emp
$171,058 $3,276 $174,334
ADEREMI OGUNDIRAN DIRECTOR OF STUDENT SUPPOR 40.00
Highest
$178,862 $23,250 $202,112
PAULA HAJAR PROFESSIONAL DEVELOPMENT S 40.00
Highest
$195,440 $27,745 $223,185
STEPHANIE POILLUCCI SUPERVISOR OF CURRICULUM & 40.00
Highest
$203,059 $16,470 $219,529
ROSE LEE SUPERVISOR OF CURRICULUM & 40.00
Highest
$157,904 $23,495 $181,399
DASHA ALEXANDER SUPERVISOR OF OPERATIONS & 40.00
Highest
$165,279 $26,446 $191,725
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $22,744,133 $20,025,392 $17,567,277 $2,718,741
2023 $20,516,051 $19,459,573 $14,623,805 $1,056,478
2022 $20,270,676 $18,039,623 $13,001,165 $2,231,053
2021 $19,273,025 $15,555,444 $10,547,923 $3,717,581
2020 $17,592,652 $15,888,216 $6,790,876 $1,704,436
2019 $15,546,975 $14,777,907 $5,109,523 $769,068
2018 $13,464,487 $13,069,305 $4,027,453 $395,182
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