FRIENDS OF CLASSICAL CHARTER SCHOO… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2018

Legal Domicile

Principal Officer

JASMINE BROWN

Phone

7188604340

Tax Period

2023-07-01 to 2024-06-30

FRIENDS OF CLASSICAL CHARTER SCHOOLS INC, founded in 2018, is a community nonprofit in the Education sector that reported $6.4M in total revenue in fiscal year 2023. Revenue surged 89% from the prior year, signaling strong growth momentum.

Mission

TO SUPPORT THE OPERATIONS OF CLASSICAL CHARTER SCHOOLS BY PROVIDING ASSISTANCE WITH THE SCHOOLS' REAL ESTATE AND FACILITIES-RELATED NEEDS, AND BY RAISING FUNDS AND RESOURCES THAT PROVIDE SUPPORT TO THE SCHOOLS AND ENHANCE EXPERIENCE OF THE STUDENTS.

Program Service Accomplishments

Program 1

Expenses: $4,667,439 Revenue: $6,424,570

THE ORGANIZATION SUPPORTS THE OPERATIONS OF CLASSICAL CHARTER SCHOOLS, A NEW YORK STATE NOT-FOR-PROFIT EDUCATION CORPORATION THAT OPERATES FOUR CHARTER SCHOOLS IN THE BOROUGH OF BRONX, NEW YORK...

THE ORGANIZATION SUPPORTS THE OPERATIONS OF CLASSICAL CHARTER SCHOOLS, A NEW YORK STATE NOT-FOR-PROFIT EDUCATION CORPORATION THAT OPERATES FOUR CHARTER SCHOOLS IN THE BOROUGH OF BRONX, NEW YORK. FRIENDS OF CLASSICAL CHARTER SCHOOLS, INC. SUBLEASES FACILITIES TO THE SCHOOL. RENTAL INCOME UNDER THE SUBLEASE WAS $6,424,570 DURING THE FISCAL YEAR.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $600

Program Service Revenue $6,424,570

Investment Income $0

Other Revenue $0

TOTAL REVENUE $6,425,170

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,000

Fundraising Expenses $0

Program Expenses $4,667,439

Other Expenses $6,279,360

TOTAL EXPENSES $6,280,360

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,425,170	$3,392,315	+0.9%
Expenses	$6,280,360	$3,224,317	+0.9%
Net Income	$144,810	$167,998	-0.1%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

$750

Total Directors

$1,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAPHNE MOBLEY	CHAIR	1.00	Officer Director	$250	$0	$250
JASMINE BROWN	SECRETARY	1.00	Officer Director	$250	$0	$250
MERCEDES BULLOCK	TREASURER	1.00	Officer Director	$250	$0	$250
LATIFAH REED	DIRECTOR	1.00	Director	$250	$0	$250
ROBERT TORRES	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	$6,425,170	$6,280,360	$86,286,002	$144,810
2023	$3,392,315	$3,224,317	$83,814,367	$167,998
2022	$2,785,843	$2,609,918	$2,442,485	$175,925
2021	$2,982,587	$2,771,988	$1,798,733	$210,599
2020	$3,140,687	$2,889,656	$460,719	$251,031

FRIENDS OF CLASSICAL CHARTER SCHOOLS INC