FRIENDS OF BRONX LAB INC

EIN: 800158339 501(c)(3) Education

BRONX, NY

Total Revenue
$236,828
Total Expenses
$139,581
Total Assets
$193,294
Net Assets
$193,294
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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
SARAH MARCY
Phone
7186963700
Tax Period
2020-07-01 to 2021-06-30

FRIENDS OF BRONX LAB INC, founded in 2008, is a small nonprofit in the Education sector that reported $237K in total revenue in fiscal year 2020. Revenue surged 265% from the prior year, signaling strong growth momentum. The organization ran a surplus of $97K, a strong 41% operating margin.

Mission

TO RAISE FUNDS FOR THE BRONX LAB SCHOOL.

Program Service Accomplishments

Program 1
Expenses: $93,910 Revenue: $53,110

OFFICE OF COLLEGE PLACEMENT AND SENIOR ACTIVITIES - IN ORDER TO ACHIEVE OUR GOAL OF COLLEGE ACHIEVEMENT, THE OFFICE OF COLLEGE PLACEMENT PROVIDES COLLEGE ACCESS SERVICS TO ALL THE STUDENTS ENROLLED...

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OFFICE OF COLLEGE PLACEMENT AND SENIOR ACTIVITIES - IN ORDER TO ACHIEVE OUR GOAL OF COLLEGE ACHIEVEMENT, THE OFFICE OF COLLEGE PLACEMENT PROVIDES COLLEGE ACCESS SERVICS TO ALL THE STUDENTS ENROLLED AT BRONX LAB SCHOOL AND OUR ALUMNI. OUR MISSION IS TO ENSURE THAT ALL THE STUDENTS ARE ADMITTED TO COLLEGES OF THEIR CHOICE, AND THAT THEY MATRICULATE AND ARE HAVING ACADEMIC AND SOCIAL SUCCESS ON THEIR RESPECTIVE CAMPUSES. THE COLLEGE ADVISOR WORK TO ENSURE THAT STUDENTS HAVE A COMPREHENSIVE ADVISORY AND COLLEGE AWARENESS CURRICULUM THAT PREPARES THEM FOR THE RIGORS OF COLLEGE AND THE COLLEGE APPLICATION PROCESS. OUR COLLEGE ADVISOR WORKS AT GUIDING MANY OF OUR FIRST-GENERATION COLLEGE STUDENTS FROM TRANSITIONING FROM HIGH SCHOOL TO THEIR FRESHMAN YEAR IN COLLEGE. THIS POSITION HAS PLAYED A TREMENDOUS ROLE IN ENSURING THAT OUR STUDENTS ARE ENROLLED IN COLLEGE AND IS RESPONSIBLE FOR OUR TREMENDOUS COLLEGE PERSISTENCE RATES.

Program 2
Expenses: $26,831

SCHOOL CULTURE & COMMUNITY - STUDENTS PARTICIPATE IN A TEAM BUILDING AND ADVISORY BUILDING EXERCISE WITH THEIR ADVISORY TEACHER, THIS IS A FOUNDATIONAL EXPERIENCE FOR THIS GROUP THAT WILL BE TOGETHER...

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SCHOOL CULTURE & COMMUNITY - STUDENTS PARTICIPATE IN A TEAM BUILDING AND ADVISORY BUILDING EXERCISE WITH THEIR ADVISORY TEACHER, THIS IS A FOUNDATIONAL EXPERIENCE FOR THIS GROUP THAT WILL BE TOGETHER FOR THE FOLLOWING FOUR YEARS AT BRONX LAB. ADDITIONALLY, PEER GROUP CONNECTION (PGC) TRAINS AND MOBILIZES STUDENTS TO BE LIFELONG LEADERS WHO MAKE THEIR SCHOOLS BETTER FOR THEMSELVES, THEIR PEERS, AND YOUNGER STUDENTS. THROUGH PGC, SCHOOL FACULTY ARE TRAINED TO PREPARE HIGH SCHOOL SENIORS TO MENTOR AND EDUCATE FRESHMEN. EVERY DAY, CAREFULLY SELECTED SENIORS ARE TRAINED AS PART OF THEIR REGULAR SCHOOL SCHEDULE IN A LEADERSHIP DEVELOPMENT CLASS TO BECOME PEER LEADERS AND SERVE AS POSITIVE ROLE MODELS AND GROUP FACILITATORS FOR 9TH GRADERS. EVERY WEEK, THESE PEER LEADERS WORK IN PAIRS TO CO-LEAD GROUPS OF NINTH GRADERS IN OUTREACH SESSIONS IN WHICH THE YOUNGER STUDENTS PARTICIPATE IN ENGAGING, HANDS-ON ACTIVITIES AND DISCUSSIONS IN A SAFE, SUPPORTIVE GROUP ENVIRONMENT. PGC RESULTS CONSISTENTLY DEMONSTRATE SIGNIFICANTLY LOWER DROPOUT RATES, IMPROVED GRADES, FEWER DISCIPLINE REFERRALS,AND AVOIDANCE OF HIGH-RISK BEHAVIORS.

Program 3
Expenses: $13,416

OTHER PROGRAMS INCLUDING CAMPUS SPORTS AND FAMILY OUTREACH.

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Trantor Score

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

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $183,718
Program Service Revenue $53,110
Investment Income $0
Other Revenue $0
TOTAL REVENUE $236,828

Expense Breakdown

Grants Paid $4,375
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $134,157
Other Expenses $135,206
TOTAL EXPENSES $139,581

Year-over-Year Comparison

2020 2019 Change
Revenue $236,828 $64,910 +2.6%
Expenses $139,581 $98,149 +0.4%
Net Income $97,247 $-33,239 -3.9%
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
N/A
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
2
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SARAH MARCY PRINCIPAL 5.00
Officer Director
$0 $0 $0
TAMMY BRYANT KANE SECRETARY 5.00
Officer Director
$0 $0 $0
RAFI MUSHER BOARD MEMBER 1.00
Director
$0 $0 $0
ALAN HARTMAN BOARD MEMBER 1.00
Director
$0 $0 $0
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
2021 $236,828 $139,581 $193,294 $97,247
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