FRIENDS OF BROOKLYN LABORATORY CHARTER SCHOOLS INC

EIN: 821362909 501(c)(3) Education

BROOKLYN, NY

Total Revenue
$6,096,630
Total Expenses
$5,256,546
Total Assets
$12,319,188
Net Assets
$-1,936,348
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
NY
Principal Officer
NOAH RADFORD
Phone
8778295500
Tax Period
2022-07-01 to 2023-06-30

FRIENDS OF BROOKLYN LABORATORY CHARTER SCHOOLS INC, founded in 2017, is a community nonprofit in the Education sector that reported $6.1M in total revenue in fiscal year 2022. Revenue surged 44% from the prior year, signaling strong growth momentum. Expenses of $5.3M left a modest 14% surplus.

Mission

THE ORGANIZATION'S PURPOSE IS TO SUPPORT THE OPERATION OF BROOKLYN LABORATORY CHARTER SCHOOLS, INC. BY MANAGING THE SCHOOLS' REAL ESTATE AND FACILITIES-RELATED NEEDS, AND BY RAISING FUNDS AND RESOURCES THAT WILL ENABLE THE CORPORATION TO PROVIDE SUPPORT TO THE SCHOOLS TO ENHANCE THE EXPERIENCE OF THE SCHOOLS' STUDENTS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $25,000
Program Service Revenue $6,071,630
Investment Income $0
Other Revenue $0
TOTAL REVENUE $6,096,630

Expense Breakdown

Grants Paid $0
Salaries & Benefits $416,830
Fundraising Expenses $21,738
Program Expenses $4,614,506
Other Expenses $4,839,716
TOTAL EXPENSES $5,256,546

Year-over-Year Comparison

2022 2021 Change
Revenue $6,096,630 $4,243,219 +0.4%
Expenses $5,256,546 $6,848,841 -0.2%
Net Income $840,084 $-2,605,622 -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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Financial Health Indicators

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

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Governance

Voting Members
4
Independent Members
4
Employees
4
Volunteers
7

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
6
$147,587
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NOAH RAFORD CHAIR 1.00
Officer Director
$0 $0 $0
ROSALYN CURATO THRU 072022 TREASURER 1.00
Officer Director
$0 $0 $0
JEREMIAH KITTREDGE TREASURER 1.00
Officer Director
$0 $0 $0
KATE COCHRAN SECRETARY 1.00
Officer Director
$0 $0 $0
OLATOKUMBO SHOBOWALE THRU 072022 BOARD MEMBER 1.00
Director
$0 $0 $0
MARC WALLENSTEIN BOARD MEMBER 1.00
Director
$0 $0 $0
GARY WOOD THRU 072022 BOARD MEMBER 1.00
Director
$0 $0 $0
ERIC TUCKER CEO 40.00
Officer
$91,254 $0 $91,254
SHERYL GOMEZ CFOO 40.00
Officer
$56,333 $0 $56,333
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
2024 No data No data No data No data
2023 $6,096,630 $5,256,546 $12,319,188 $840,084
2022 $4,243,219 $6,848,841 $14,337,899 $-2,605,622
2021 $6,569,238 $6,252,065 $20,397,240 $317,173
2020 $4,546,197 $5,528,166 $14,950,559 $-981,969
2019 $5,543,793 $4,636,380 $14,560,970 $907,413
2018 $1,130,799 $1,734,233 $5,421,672 $-603,434
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