BROOKLYN, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)EMBER CHARTER SCHOOL FOR MINDFUL EDUCATIONINNOVATION & TRANSFORMATION, founded in 2010, is a mid-sized nonprofit that reported $10.7M in total revenue in fiscal year 2022. Revenue decreased 10% compared to the prior year. Expenses of $14.2M exceeded revenue, resulting in a 32% operating deficit.
Ember Charter School For Mindful Education, Innovation & Transformation (ECSFMEIT)-Professional Preparatory Charter School is dedicated to preparing ITS students to become the future professionals (lawyers, doctors, engineers, etc) who will lead our global society in the 21st Century.The school provides a fun, college-successful, community-centered, culturally rich and relevant preparatory school experience to ITS students, where they will be nurtured, challenged and cultivated into highly intelligent, creative and critically thinking young leaders. ECSFMEIT will accomplish this by creating a curriculum that reaches students in multiple ways and creatES a community that encourages and breeds academic achievement. ECSFMEIT faculty works closely with ITS students to identify strengths and weaknesses both academically and otherwise and to develop plans to meet their needs. THE ORGANIZATION IS committed to creating an instructional environment that is student centered, data driven and mast
REGULAR EDUCATION - ECSFMEIT was authorized to receive its charter in September 2009 by the New York City Department of Education. ECSFMEIT was issued its charter by the Board OF the Regents of New...
REGULAR EDUCATION - ECSFMEIT was authorized to receive its charter in September 2009 by the New York City Department of Education. ECSFMEIT was issued its charter by the Board OF the Regents of New York State Education Department in January 2010.ECSFMEIT uses its innovative management structure called the Ember to operate its charter school, one that takes advantage of the unique strengths of the professional-partnership organizational model to maximize the acquisition, development and retention of top human capital to serve our students, achieve our mission and realize our vision. The Ember is a hybrid of the traditional nonprofit-charter school structure and the professional service firm (the management structure used by law firms, medical practices, investment banks, etc.): while like the traditional nonprofit in that the Board of Trustees maintains ultimate control and close supervision over the organization, the Trustees delegate the day to day management, leadership and operation of the school to a small group of its teacher-leaders (the Partners), who, like law firm partners who continue to practice law, will continue to teach fulltime and divide the school-wide level responsibilities among the group, each Partner taking on a distinct leadership/management role. The remaining classrooms in the school will be staffed with Associates (both Senior and Junior), who are teachers with anywhere from 0 to 5 years of teaching experience or equivalent. Like all top law firms, the expectation will be that every Associate is working towards becoming a Partner, a teacherleader who is ready to join in partnership with their colleagues to open and lead more schools. ECSFMEIT does not have one traditional Principalinstead the current SIX (6) Partners are the co-school leaders, delegated full authority over the school as a group (as a partnership); with the support of an Executive Officer and administrative staff to manage and operate the day to day business and operations of the school, the Partners will be able to focus on their twin responsibilities of teaching (students and Associates), and leading (serving as the strategic planners and decision makers for the enterprise). As a group, the Partners report directly to the Board of Trustees and are held accountable for the success of the charter school. ECSFMEIT began with three (3) Associates and three (3) Partners, where each Partner managed and supervised a specific set of enterprise level responsibilities (Business-Operations (Managing Partner), Instruction-Assessment-Data (Pedagogy Partner), and Special Education/ELLs/Special Family Matters (Stakeholder Services Partner)).DURING THE FISCAL YEAR END JUNE 30, 2017 ECSFMEIT ADDED A FOURTH "PARTNER." DURING THE FISCAL YEAR END JUNE 30, 2022 ECSFMEIT ADDED THE FIFTH AND SIXTH "PARTNER."Ember Charter Schools is a merger between two innovative schools, Teaching Firms of American (K-6)and The Anew School (7-11), designed to foster and developer the untapped potential our students who are traditionally, and unfairly, labeled "at-risk". We believe that when given access to opportunity, any child can reach their potential, becoming a community leader today and well into the future.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2022 | 2021 | Change | |
|---|---|---|---|
| Revenue | $10,717,958 | $11,870,630 | -0.1% |
| Expenses | $14,177,615 | $11,558,286 | +0.2% |
| Net Income | $-3,459,657 | $312,344 | -12.1% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| RAFIQ KALAM ID-DIN | PARTNER | 40.00 |
Officer
|
$279,392 | $11,187 | $290,579 |
| DAMIEN DUNKLEY | PARTNER | 40.00 |
Officer
|
$256,577 | $33,165 | $289,742 |
| ARDNAS RASHID | PARTNER | 40.00 |
Officer
|
$214,828 | $19,620 | $234,448 |
| Nkenge Carter | Partner | 40.00 |
Officer
|
$185,630 | $18,171 | $203,801 |
| Kwadwo Gyase | Partner | 40.00 |
Officer
|
$187,087 | $11,818 | $198,905 |
| Doron Townsell | PARTNER | 40.00 |
Officer
|
$187,087 | $11,170 | $198,257 |
| Lovell Harmon | Chair | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Harry Simmons | Vice Prdent | 2.00 |
Director
|
$0 | $0 | $0 |
| Chrystal LaRoche | Trustee | 2.00 |
Director
|
$0 | $0 | $0 |
| Wes Jackson | Trustee | 2.00 |
Director
|
$0 | $0 | $0 |
| Aundre Oldacre | Trustee | 2.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | No data | No data | No data | No data |
| 2023 | $10,717,958 | $14,177,615 | $13,558,030 | $-3,459,657 |
| 2022 | $11,870,630 | $11,558,286 | $5,796,692 | $312,344 |
| 2021 | $13,170,191 | $9,955,475 | $4,989,812 | $3,214,716 |
| 2020 | $10,557,175 | $10,081,099 | $3,581,643 | $476,076 |
| 2019 | $10,180,734 | $10,168,632 | $1,108,456 | $12,102 |
| 2018 | $8,790,404 | $8,982,911 | $923,792 | $-192,507 |
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