BRONX ACADEMY OF PROMISE CHARTER SCHOOL

EIN: 262531307 501(c)(3) Education

BRONX, NY

Total Revenue
$16,713,360
Total Expenses
$18,685,368
Total Assets
$75,080,028
Net Assets
$10,191,544
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
NY
Principal Officer
NICHOLAS PARRINO
Phone
7182936950
Tax Period
2024-07-01 to 2025-06-30

BRONX ACADEMY OF PROMISE CHARTER SCHOOL, founded in 2008, is a mid-sized nonprofit in the Education sector that reported $16.7M in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Expenses of $18.7M exceeded revenue, resulting in a 12% operating deficit.

Mission

THE MISSION OF BRONX ACADEMY OF PROMISE CHARTER SCHOOL IS TO EDUCATE EACH STUDENT TO HIGH LEARNING STANDARDS USING A CURRICULUM THAT EMPHASIZES INFORMATION ABOUT THE VARIOUS CAREER CHOICES AVAILABLE TO THEM. THE SCHOOL WILL PREPARE STUDENTS FOR HIGH SCHOOL, TO MAKE DECISIONS ABOUT A DIRECTION FOR THEIR CAREER, AND TO BECOME PRODUCTIVE CITIZENS. THE SCHOOL WILL PROVIDE A PRODUCTIVE COMPREHENSIVE ACADEMIC CURRICULUM WITH CHARACTER AND CAREER EDUCATION INTEGRATED INTO ALL SUBJECTS. THE CURRICULUM WILL PROMOTE EXCELLENCE IN ALL AREAS: COGNITIVE, SOCIAL, EMOTIONAL, AND MORAL DEVELOPMENT. STUDENTS WILL EXPERIENCE WAYS TO ACQUIRE THE KNOWLEDGE AND SKILLS EACH SCHOOL YEAR TO ATTAIN LEARNING PROFICIENCY, AND THE COMMUNITY, PARENTS AND STAFF WILL PARTICIPATE MEANINGFULLY IN THE SCHOOL TO CONTINUOUSLY IMPROVE ITS POTENTIAL FOR SUCCESS.

Program Service Accomplishments

Program 1
Expenses: $17,376,154 Revenue: $15,134,373

BRONX ACADEMY OF PROMISE CONTINUES TO PRIDE ITSELF ON THE ABILITY TO PRODUCE A HIGH-QUALITY EDUCATION THAT RAISES STUDENT ACHIEVEMENT WHILE ATTENDING TO THE SOCIAL AND EMOTIONAL NEEDS FOCUSED ON THE...

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BRONX ACADEMY OF PROMISE CONTINUES TO PRIDE ITSELF ON THE ABILITY TO PRODUCE A HIGH-QUALITY EDUCATION THAT RAISES STUDENT ACHIEVEMENT WHILE ATTENDING TO THE SOCIAL AND EMOTIONAL NEEDS FOCUSED ON THE INDIVIDUALIZED ACADEMIC PROGRESS OF EACH STUDENT. TO THIS GOAL, WE CONTINUE TO IMPLEMENT VARIOUS SOCIAL-EMOTIONAL PROGRAMS AND STRATEGIES, SUCH AS RESPONSIVE DISCIPLINE, TO ASSIST THE STAFF WITH A VARIETY OF ISSUES. THIS PROFESSIONAL BEHAVIORAL PROGRAM FOR K12 EDUCATORS IS DESIGNED TO BUILD TRUST, HELP MANAGE STRESS, EXPLORE EQUITY AND BELONGING, AND CULTIVATE RESILIENCE AND EFFICACY. BAOP CONTINUES TO BELIEVE THAT CONSISTENCY, COLLABORATION AND SMALL INDIVIDUALIZED INSTRUCTION IS WHAT IS BEST FOR OUR STUDENTS. IN ORDER TO MONITOR OUR PROGRESS, WE CONTINUE TO IMPLEMENT THE I-READY PROGRAM TO HELP SUPPORT ACADEMIC PROGRAMS. I-READY PROGRAMS SUPPORT EVERY LEARNER ON THEIR PATH TOWARD GRADE-LEVEL SUCCESS. BY CONNECTING TO ACTIONABLE, INTUITIVE DATA, TEACHERS KNOW WHERE TO FOCUS AND STUDENTS BECOME MORE CAPABLE AND ENGAGED. IN ADDITION, BAOP CONTINUES TO FOCUS ON OUR EARLY CHILDHOO PROGRAM. THIS INITIATIVE CONTINUES TO PROVIDE SUPPORT FOR OUR FAMILIES WITH YOUNGER CHILDREN, WHILE BUILDING A BRIDGE FOR OUR KINDERGARTEN PROGRAM. FURTHERMORE, BAOP CONTINUES TO MAINTAIN AN AFTER-SCHOOL PROGRAM THAT PROVIDES ADDITIONAL ACADEMIC SUPPORT WHILE OFFERING UNIQUE EXPERIENCES SUCH AS CHESS AND KARATE, ONCE AGAIN SUPPORTING OUR FAMILIES.BRONX ACADEMY OF PROMISE CONTINUES TO PROVIDE AN EDUCATIONAL SETTING THAT ATTENDS TO THE INDIVIDUAL NEEDS OF EVERY STUDENT, FROM PRE-K TO EIGHTH GRADE. WE BELIEVE THAT OUR INCLUSIVE COMMUNITY AND PERSONAL APPROACH CONTINUES TO PROVIDE FOR SUCCESSFUL EXPERIENCES, SO IMPORTANT IN THE EARLY CHILDHOOD YEARS. WE EMBRACE A LEARNING ENVIRONMENT THAT HAS PREPARED OUR STUDENTS FOR THEIR PATHS AHEAD. OUR CLASSES INCORPORATE TRADITIONAL LEARNING STYLES AS WELL AS HANDS-ON EXPERIENCES WHILE HIGHLIGHTING THE AREAS OF ELA, MATH, SCIENCE, SOCIAL STUDIES, ART, MUSIC, PE, AND TECHNOLOGY. IN ADDITION, OUR WARM AND LOVING ENVIRONMENT HELPS OUR STUDENTS AND PARENTS TO BECOME OUR NEWEST "FAMILY MEMBERS" WHERE WE MEET THEM WHEREVER NECESSARY TO ADDRESS THEIR INDIVIDUAL NEEDS.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,421,245
Program Service Revenue $15,134,373
Investment Income $157,742
Other Revenue $0
TOTAL REVENUE $16,713,360

Expense Breakdown

Grants Paid $0
Salaries & Benefits $10,765,829
Fundraising Expenses $27,630
Program Expenses $17,376,154
Other Expenses $7,919,539
TOTAL EXPENSES $18,685,368

Year-over-Year Comparison

2024 2023 Change
Revenue $16,713,360 $18,464,008 -0.1%
Expenses $18,685,368 $16,604,857 +0.1%
Net Income $-1,972,008 $1,859,151 -2.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
7
Independent Members
7
Employees
133
Volunteers
7

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
9
$707,063
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AGATHA AKYERE VICE CHAIR 2.00
Officer Director
$0 $0 $0
CARLIBI ROJAS PARENT AT LARGE 2.00
Officer Director
$0 $0 $0
DENNIS SZE ACADEMIC COMMITTEE 2.00
Officer Director
$0 $0 $0
KEVIN KEARNS TREASURER/CHAIR OF FINANCE 2.00
Officer Director
$0 $0 $0
MILCA MEYER SECRETARY 2.00
Officer Director
$0 $0 $0
REV DR MICHAEL CARION BOARD CHAIR 2.00
Officer Director
$0 $0 $0
GLENN CORWIN BOARD MEMBER 2.00
Director
$0 $0 $0
DENISE SCHIRALDI PRINCIPAL 40.00
Officer
$228,268 $31,461 $259,729
NICHOLAS MARK PARRINO ASSISTANT PRINCIPAL 40.00
Officer
$167,723 $57,003 $224,726
CATHERINE JACKVOINY ACADEMIC DIRECTOR 40.00
Officer
$193,248 $29,360 $222,608
ALDRINA ARSHRAVAN INSTRUCTIONAL COACH - MATH 40.00
Highest
$174,160 $42,103 $216,263
NANCY JIMENEZ AIS COACH- ELA 40.00
Highest
$154,058 $9,507 $163,565
RACHEL OSIAS DEAN AND AFTER SCHOOL DIRE 40.00
Highest
$137,689 $35,824 $173,513
MARGARET WEINSTEIN SPECIALTY TEACHER K-2 AIS 40.00
Highest
$124,715 $25,248 $149,963
SHARON GIBLIN SPED COORDINATOR 40.00
Highest
$130,800 $38,919 $169,719
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 $16,713,360 $18,685,368 $75,080,028 $-1,972,008
2024 $18,464,008 $16,604,857 $29,788,241 $1,859,151
2023 $14,433,523 $14,286,959 $28,136,256 $146,564
2022 $14,177,895 $13,519,128 $13,708,011 $658,767
2021 $12,366,124 $11,709,652 $12,810,064 $656,472
2020 $11,910,782 $11,254,553 $11,972,737 $656,229
2019 $11,299,255 $11,052,603 $11,202,485 $246,652
2018 $10,654,473 $10,210,200 $10,663,092 $444,273
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