BRONX LETTERS FOUNDATION

EIN: 811023499 501(c)(3) Education

NEW YORK, NY

Total Revenue
$295,867
Total Expenses
$512,739
Total Assets
$713,763
Net Assets
$699,455
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
DE
Phone
9177053619
Tax Period
2024-07-01 to 2025-06-30

BRONX LETTERS FOUNDATION, founded in 2015, is a small nonprofit in the Education sector that reported $296K in total revenue in fiscal year 2024. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $513K exceeded revenue, resulting in a 73% operating deficit.

Mission

The Bronx Letters Foundation was formed to support and operate programs that enhance the educational experience of students of the Bronx Academy of Letters (the Academy). The Academy, a public high school in the Bronx, New York, serves low income middle and high school students and emphasizes the importance of reading and writing in its programs and activities. The Foundation acts as an informal PTA to the Academy and supports and operates various enrichment programs and activities for the Academys student body, in cooperation with the schools administration.

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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 $272,505
Program Service Revenue $0
Investment Income $23,362
Other Revenue $0
TOTAL REVENUE $295,867

Expense Breakdown

Grants Paid $0
Salaries & Benefits $193,584
Fundraising Expenses $33,890
Program Expenses $444,241
Other Expenses $319,155
TOTAL EXPENSES $512,739

Year-over-Year Comparison

2024 2023 Change
Revenue $295,867 $460,365 -0.4%
Expenses $512,739 $529,196 0.0%
Net Income $-216,872 $-68,831 +2.2%
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
21
Independent Members
N/A
Employees
4
Volunteers
N/A

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
21
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KAREN ADLER Director 2.00
Director
$0 $0 $0
REAGAN ARTHUR Director 1.00
Director
$0 $0 $0
JENNIFER BARTH Director 2.00
Director
$0 $0 $0
TONI BERNSTEIN Director 10.00
Officer Director
$0 $0 $0
JENNIFER LIU Director 1.00
Director
$0 $0 $0
JODIE FREEMAN Director 2.00
Director
$0 $0 $0
ELIZABETH HELLMAN Director 3.00
Director
$0 $0 $0
ALFRED AYENSU-GHARTEY Secretary 3.00
Officer Director
$0 $0 $0
KATE NADOLNY Director 5.00
Director
$0 $0 $0
WENDEE LUNT Director 1.00
Director
$0 $0 $0
JENNY MCPHEE Director 1.00
Director
$0 $0 $0
DEBORAH MURNIN Director 10.00
Officer Director
$0 $0 $0
JAMES JACK CO-TREASURER 5.00
Director
$0 $0 $0
AMANDA SCHOSID Director 2.00
Director
$0 $0 $0
KIMBERLY WITHERSPOON Director 1.00
Director
$0 $0 $0
RYAN ASATO CO-TREASURER 5.00
Officer Director
$0 $0 $0
SONYA CROSSWELL ASSAN Director 3.00
Director
$0 $0 $0
JOANIE REZNIK Director 2.00
Director
$0 $0 $0
SETH BERNSTEIN Director 2.00
Director
$0 $0 $0
YAHAIRA KEELER Director 2.00
Director
$0 $0 $0
LISA SPRINGER 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 $295,867 $512,739 $713,763 $-216,872
2024 No data No data No data No data
2023 $332,034 $584,112 $926,957 $-252,078
2022 $467,401 $382,098 $1,156,686 $85,303
2021 $449,988 $303,476 $1,148,454 $146,512
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