ARETE EDUCATION INC

EIN: 800789207 501(c)(3) Youth Development

BRONX, NY

Total Revenue
$1,747,065
Total Expenses
$1,847,806
Total Assets
$1,023,366
Net Assets
$260,638
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
NY
Principal Officer
SAM ALEXANDER
Phone
9179858980
Tax Period
2023-07-01 to 2024-06-30

ARETE EDUCATION INC, founded in 2012, is a community nonprofit in the Youth Development sector that reported $1.7M in total revenue in fiscal year 2023. Revenue surged 46% from the prior year, signaling strong growth momentum.

Mission

ARETE OPERATES AFTERSCHOOL AND SUMMER PROGRAMS IN NEW YORK CITY PUBLIC SCHOOLS

Program Service Accomplishments

Program 1
Expenses: $1,580,826

ARETE EDUCATION TRAINS AND EMPOWERS YOUTH TO LEAD SUCCESSFUL LIVES BY GETTING STUDENTS INTO GOOD COLLEGES, GOOD JOBS, AND HEALTHY MINDSETS. ARETE CLOSES THE EXPERIENCE GAP WITH AN ADDITIONAL 500...

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ARETE EDUCATION TRAINS AND EMPOWERS YOUTH TO LEAD SUCCESSFUL LIVES BY GETTING STUDENTS INTO GOOD COLLEGES, GOOD JOBS, AND HEALTHY MINDSETS. ARETE CLOSES THE EXPERIENCE GAP WITH AN ADDITIONAL 500 HOURS OF ACADEMIC AND ENRICHMENT EXPERIENCES AND PROVIDES ACCESS TO BOOKS AND COMPUTERS, HEALTHY MEALS, STRUCTURED EXERCISE, SOCIAL-EMOTIONAL LEARNING, PAID INTERNSHIPS, FINANCIAL LIFE SKILLS, MENTORSHIP, AND TRIPS TO CULTURAL INSTITUTIONS. ARETE'S CORE YOUTH DEVELOPMENT SERVICES INCLUDE: (1) EXPANDED DAY FOR ELEMENTARY AND MIDDLE SCHOOL STUDENTS; (2) SUMMER BRIDGE PROGRAM THAT INTEGRATES ARTS AND ACADEMICS IN AN ALL-DAY, FIVE-WEEK FORMAT; (3) COLLEGE BRIDGE PROGRAM THAT COMBINES HIGH SCHOOL CREDIT ACCELERATION AND PAID INTERNSHIPS IN A FIVE-WEEK FORMAT; (4) WORK-BASED LEARNING AND PAID INTERNSHIPS IN TEACHING, STEM, AND THE ARTS; (5) INTEGRATED COLLEGE ACCESS SERVICES; AND (6) YEAR-ROUND SERVICE LEARNING AND LEADERSHIP YOUTH DEVELOPMENT.ARETE SERVES NEW YORK CITY COMMUNITIES, SPECIFICALLY THE SOUTH BRONX (MOTT HAVEN), BROOKLYN NORTH (BED-STUY), AND MANHATTAN (WASHINGTON HEIGHTS AND INWOOD). WE PARTNER WITH PUBLIC NYCDOE SCHOOLS, COLLEGES, UNIVERSITIES, AND INDUSTRY PARTNERS IN EDUCATION, FINANCE, STEM, THE ARTS, AND HEALTH FIELDS. WE SERVE STUDENTS IN PRIMARY AND SECONDARY PUBLIC SCHOOL PARTNERSHIPS, OFFERING FULL-SERVICE YOUTH PROGRAMMING IN NYCDOE SITES WHEN SCHOOLS ARE NOT IN SESSION, INCLUDING AFTERSCHOOL, SATURDAYS, SCHOOL VACATIONS, AND SUMMER. OUR PROGRAM MODEL FOR YOUNGER YOUTH CENTERS ON SOCIAL-EMOTIONAL LEARNING, INDIVIDUALIZED ACADEMICS SUCH AS TUTORING AND LITERACY INTERVENTIONS, AND ENRICHMENT INCLUDING SPORTS, CAREER EXPOSURE, STEM, AND THE ARTS. THIS MODEL PROVIDES 500 ADDITIONAL HOURS OF ACADEMICS AND ENRICHMENT EACH YEAR. WE EMPLOY OLDER YOUTH AT EVERY LEVEL OF OUR ORGANIZATION, INCLUDING AS INTERNS, PROGRAM STAFF, AND ORGANIZATIONAL LEADERS. WE CLOSE THE YOUNG ADULTHOOD EXPERIENCE GAP BY PROVIDING 500 HOURS EACH YEAR OF MENTORING, NETWORKING, AND CAREER DEVELOPMENT SKILLS THROUGH PAID INTERNSHIPS AND JOB PLACEMENT. IN FY24, OUR KEY PROGRAM ACCOMPLISHMENTS INCLUDED: (1) A 97% PERCENT FOUR-YEAR HIGH SCHOOL GRADUATION RATE IN SCHOOLS WITH A 99 PERCENT POVERTY RATE; (2) AT OUR FLAGSHIP SCHOOL, 65% OF THE GRADUATING CLASS ENROLLED AT A 4-YEAR INSTITUTION; 23% OF THE GRADUATING CLASS ENROLLED AT A 2-YEAR INSTITUTION; 10% OF THE GRADUATING CLASS ENROLLED IN AN ALTERNATIVE POST-SECONDARY PATHWAY (3) DELIVERY OF 500 EXTRA HOURS OF ACADEMIC AND EXTRACURRICULAR EXPERIENCES TO 1,500 STUDENTS IN THE BRONX, BROOKLYN, AND WASHINGTON HEIGHTS. THESE EXPERIENCES PROVIDED ACCESS TO (1) LITERACY SUPPORT THROUGH TUTORING, BOOKS, AND COMPUTERS; (2) WELLNESS PROGRAMMING INCLUDING HEALTHY MEALS, SOCIAL-EMOTIONAL LEARNING, AND TEAM SPORTS; (3) CAREER DEVELOPMENT THROUGH PAID INTERNSHIPS, JOBS, FINANCIAL LIFE SKILLS, AND STEM MENTORSHIP; AND (4) ARTS PROGRAMMING INCLUDING DANCE, MEDIA PRODUCTION, VISUAL ARTS, AND TRIPS TO CULTURAL INSTITUTIONS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,729,746
Program Service Revenue $0
Investment Income $107
Other Revenue $17,212
TOTAL REVENUE $1,747,065

Expense Breakdown

Grants Paid $5,500
Salaries & Benefits $1,413,735
Fundraising Expenses $13,875
Program Expenses $1,580,826
Other Expenses $428,571
TOTAL EXPENSES $1,847,806

Year-over-Year Comparison

2023 2022 Change
Revenue $1,747,065 $1,195,519 +0.5%
Expenses $1,847,806 $895,518 +1.1%
Net Income $-100,741 $300,001 -1.3%
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
9
Independent Members
9
Employees
99
Volunteers
20

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
7
$300,643
Total Directors
10
$21,932
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GABRIEL HERNANDEZ Executive Dir. 40.00
Officer
$118,535 $10,176 $128,711
SARAH BENIS SCHEIER DOLBERG President 32.00
Officer
$75,000 $0 $75,000
GEBRINA B ROBERTS Dir.of Fin & Op 24.00
Officer
$75,000 $0 $75,000
SAM ALEXANDER Secretary/COO 24.00
Officer Director
$16,844 $5,088 $21,932
MCEVANS FRANCOIS President 3.00
Officer Director
$0 $0 $0
MATT MCCAMBRIDGE Vice President 2.00
Officer Director
$0 $0 $0
SANDRA NUNEZ-GOMEZ Treasurer 1.00
Officer Director
$0 $0 $0
ERICA F SEALEY Director 1.00
Director
$0 $0 $0
KELLY HOLLOWAY Director 1.00
Director
$0 $0 $0
KHOLOFELO MOTHIBI Director 1.00
Director
$0 $0 $0
YESY ROBLES Director 1.00
Director
$0 $0 $0
RAYMOND SANCHEZ Director 1.00
Director
$0 $0 $0
JARED STELLER Director 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
2025 No data No data No data No data
2024 No data No data No data No data
2024 $1,747,065 $1,847,806 $1,023,366 $-100,741
2023 $1,195,519 $1,279,377 $831,925 $-83,858
2022 $692,847 $658,225 $619,163 $34,622
2021 $1,681,301 $1,920,953 $552,003 $-239,652
2020 $1,509,408 $1,616,737 $993,657 $-107,329
2019 $1,611,082 $1,362,687 $1,018,717 $248,395
2018 $1,193,513 $822,067 $689,239 $371,446
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