BRONX CHARTER SCHOOL FOR EXCELLENCE

EIN: 450507998 501(c)(3) Education

BRONX, NY

Total Revenue
$61,529,135
Total Expenses
$57,118,803
Total Assets
$178,373,318
Net Assets
$61,858,804
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
NY
Principal Officer
KATHY LATHEN
Phone
2123721000
Tax Period
2024-07-01 to 2025-06-30

BRONX CHARTER SCHOOL FOR EXCELLENCE, founded in 2003, is a mid-sized nonprofit in the Education sector that reported $61.5M in total revenue in fiscal year 2024. Expenses of $57.1M left a modest 7% surplus.

Mission

CHARTER SCHOOL BASED IN VARIOUS SECTIONS OF THE BRONX, SERVING GRADES K-8. THE SCHOOL WAS ESTABLISHED TO PREPARE YOUNG PEOPLE FROM NEW YORK CITY TO COMPETE FOR ADMISSION TO, AND SUCCEED IN, TOP PUBLIC, PRIVATE, AND PAROCHIAL SCHOOLS. BCSE 1, THE FLAGSHIP SCHOOL IS BASED IN THE PARKCHESTER SECTION OF THE BRONX.

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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 (2024)

Revenue Breakdown

Contributions & Grants $11,259,123
Program Service Revenue $49,120,779
Investment Income $1,149,233
Other Revenue $0
TOTAL REVENUE $61,529,135

Expense Breakdown

Grants Paid $0
Salaries & Benefits $28,120,214
Fundraising Expenses $0
Program Expenses $53,071,505
Other Expenses $28,998,589
TOTAL EXPENSES $57,118,803

Year-over-Year Comparison

2024 2023 Change
Revenue $61,529,135 $59,694,297 +0.0%
Expenses $57,118,803 $53,463,573 +0.1%
Net Income $4,410,332 $6,230,724 -0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
4
Independent Members
4
Employees
365
Volunteers
4

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
4
$0
Total Directors
4
$0
Key Employees
5
$1,254,415
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KATHY LATHEN BOARD CHAIR 2.00
Officer Director
$0 $0 $0
JOYCE FROST VICE CHAIR 2.00
Officer Director
$0 $0 $0
JOE LEWIS TREASURER 2.00
Officer Director
$0 $0 $0
STACEY LAUREN SECRETARY 2.00
Officer Director
$0 $0 $0
ADIJE OKPO PRINCIPAL MIDDLE SCHOOL 50.00
Key Emp
$255,445 $29,529 $284,974
SHARLEEN MORRIS PRINCIPAL ELEMENTARY 50.00
Key Emp
$209,105 $47,435 $256,540
MARIA SARYAN PRINCIPAL ELEMENTARY 50.00
Key Emp
$207,570 $44,091 $251,661
JOSHUA OCASIO PRINCIPAL 50.00
Key Emp
$191,006 $21,659 $212,665
ALEISHA RODRIGUEZ DIRECTOR OF STUDENT SERVIC 50.00
Key Emp
$215,765 $32,810 $248,575
DAWN DEAN MANGING DIRECTOR OF SCHOOL 50.00
Highest
$199,500 $42,337 $241,837
SAYI FIGUEROA SENIOR STUDENT SERVICES CO 50.00
Highest
$212,020 $25,009 $237,029
JAMES KUSI-APPOUH MANAGING DIRECTOR - OPERAT 50.00
Highest
$178,060 $20,418 $198,478
KRISTINE RIVERA MANAGING DIRECTOR OF FAMILY AND COMMUNITY ENGAGEME 50.00
Highest
$166,155 $28,372 $194,527
KEN A MARSH SCHOOL LEADER RESIDENT 50.00
Highest
$201,660 $15,957 $217,617
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 $61,529,135 $57,118,803 $178,373,318 $4,410,332
2024 No data No data No data No data
2023 $59,104,178 $53,883,513 $162,224,373 $5,220,665
2022 $50,252,126 $39,010,472 $75,971,382 $11,241,654
2021 $40,736,120 $32,078,037 $63,378,035 $8,658,083
2020 $32,554,066 $27,331,562 $54,132,698 $5,222,504
2019 $26,512,640 $21,880,604 $49,111,268 $4,632,036
2018 $20,934,982 $16,869,579 $44,214,617 $4,065,403
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