BEDFORD STUYVESANT NEW BEGINNINGS … - Form 990 Financial Data

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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

2010

Legal Domicile

Principal Officer

LISA-RENEE BROWN

Phone

7184531001

Tax Period

2023-07-01 to 2024-06-30

BEDFORD STUYVESANT NEW BEGINNINGS CHARTER SCHOOL, founded in 2010, is a mid-sized nonprofit that reported $20.8M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

AT THE BEDFORD STUYVESANT NEW BEGINNINGS CHARTER SCHOOL, FAMILIES, EDUCATORS AND COMMUNITY MEMBERS JOIN TOGETHER TO CREATE A SUPPORTIVE AND RIGOROUS ACADEMIC ENVIRONMENT FOR ALL STUDENTS. THROUGH THE PURSUIT OF 21ST-CENTURY LEARNING, PROJECT-BASED & SERVICE LEARNING, AND TRADITIONAL COURSEWORK, STUDENTS WILL BE PREPARED TO SUCCEED IN ACADEMICALLY COMPETITIVE SCHOOLS AS WELL AS BECOME RESPONSIBLE CITIZENS OF THE GLOBAL COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $17,928,165 Revenue: $16,742,871

BEDFORD STUYVESANT NEW BEGINNINGS CHARTER SCHOOL IS A CHARTER SCHOOL IN BEDFORD-STUYVESANT, BROOKLYN, SERVING GRADES KINDERGARTEN THROUGH EIGHTH.THIS SCHOOL PREPARES STUDENTS WELL TO PROGRESS TO THE NEXT GRADE AND HELPS THEM IMPROVE THEIR TEST SCORES, AS COMPARED TO OTHER SCHOOLS WITH SIMILAR STUDENTS. FOR THE 2023-2024 SCHOOL YEAR WE SERVED APPROXIMATELY 725 STUDENTS.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,974,094

Program Service Revenue $16,742,871

Investment Income $65,582

Other Revenue $9,822

TOTAL REVENUE $20,792,369

Expense Breakdown

Grants Paid $0

Salaries & Benefits $13,676,712

Fundraising Expenses $58,403

Program Expenses $17,928,165

Other Expenses $8,673,220

TOTAL EXPENSES $22,349,932

Year-over-Year Comparison

	2023	2022	Change
Revenue	$20,792,369	$18,605,933	+0.1%
Expenses	$22,349,932	$20,098,526	+0.1%
Net Income	$-1,557,563	$-1,492,593	+0.0%

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

Governance

Voting Members

Independent Members

Employees

151

Volunteers

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

$502,323

Total Directors

Key Employees

$433,896

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VICTOR RIVERA JR	CHAIR	1.00	Officer Director	$0	$0	$0
KEVIN NESBITT	CO-CHAIR	1.00	Officer Director	$0	$0	$0
DORIS GIVENS	GOVERNANCE CHAIR	1.00	Officer Director	$0	$0	$0
SHAWN CARSON	TREASURER	1.00	Officer Director	$0	$0	$0
JOSUE DE PAZ	SECRETARY	1.00	Officer Director	$0	$0	$0
CYNTHIA AKER	TRUSTEE	1.00	Director	$0	$0	$0
JOHN MATOS	TRUSTEE	1.00	Director	$0	$0	$0
CECILIA RUSSO	TRUSTEE	1.00	Director	$0	$0	$0
JOSEPH SCIAME	TRUSTEE	1.00	Director	$0	$0	$0
NICHOLAS TISHUK	EXECUTIVE DIRECTOR	40.00	Officer	$280,686	$14,328	$295,014
LISA-RENEE BROWN	CFO / HR DIRECTOR	40.00	Officer	$181,525	$25,784	$207,309
PATIENCE BROWN	CHIEF ACADEMIC OFFICER	40.00	Key Emp	$242,635	$10,681	$253,316
LAMAR RENEE GARCIA	PRINCIPAL	40.00	Key Emp	$164,182	$16,398	$180,580
TIMOTHY HAIGLER	FACILITIES COORDINATOR	40.00	Highest	$161,192	$13,081	$174,273
NATALIE FLORES	ASSISTANT PRINCIPAL	40.00	Highest	$129,783	$19,909	$149,692
AMBER M BALL	ASSISTANT PRINCIPAL	40.00	Highest	$123,446	$6,906	$130,352
TARA M IRIZARRY	SPECIAL EDU. INSTRUCTIONAL COACH	40.00	Highest	$120,351	$18,425	$138,776
CHARISMA WRIGHT	SPECIAL EDUCATION MANAGER	40.00	Highest	$121,796	$24,596	$146,392

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
2024	$20,792,369	$22,349,932	$12,794,366	$-1,557,563
2023	$18,605,933	$20,098,526	$15,672,931	$-1,492,593
2022	$22,723,116	$18,202,532	$9,831,833	$4,520,584
2021	$16,606,341	$15,984,224	$7,126,356	$622,117
2020	$15,320,431	$14,979,802	$6,706,876	$340,629
2019	$14,744,987	$15,090,531	$4,164,668	$-345,544

BEDFORD STUYVESANT NEW BEGINNINGS CHARTER SCHOOL