EARL MONROE NEW RENAISSANCE BASKETBALL CHARTER SCHOOL

EIN: 833394623 501(c)(3) Education

BRONX, NY

Total Revenue
$10,116,505
Total Expenses
$9,614,366
Total Assets
$2,293,712
Net Assets
$1,753,686
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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
2019
Legal Domicile
NY
Principal Officer
DAN KLORES
Phone
2254360136
Tax Period
2023-07-01 to 2024-06-30

EARL MONROE NEW RENAISSANCE BASKETBALL CHARTER SCHOOL, founded in 2019, is a mid-sized nonprofit in the Education sector that reported $10.1M in total revenue in fiscal year 2023. Revenue surged 34% from the prior year, signaling strong growth momentum. Expenses of $9.6M left a modest 5% surplus.

Mission

THE SCHOOL WILL HELP STUDENTS FROM SOME OF NYC'S MOST CHALLENGING NEIGHBORHOODS SEE BEYOND THE HARDWOOD TO FIND HOPE AND OPORTUNITY. WE WANT THEM TO BE INSPIRED NOT JUST BY PLAYERS, BUT BY RECOGNIZABLE AND RESPECTED ROLE MODELS FROM PROFESSIONS RELATED TO BASKETBALL.

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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 $3,513,826
Program Service Revenue $6,588,768
Investment Income $13,911
Other Revenue $0
TOTAL REVENUE $10,116,505

Expense Breakdown

Grants Paid $0
Salaries & Benefits $6,296,969
Fundraising Expenses $0
Program Expenses $7,657,467
Other Expenses $3,317,397
TOTAL EXPENSES $9,614,366

Year-over-Year Comparison

2023 2022 Change
Revenue $10,116,505 $7,560,161 +0.3%
Expenses $9,614,366 $7,974,074 +0.2%
Net Income $502,139 $-413,913 -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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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
16
Independent Members
16
Employees
78
Volunteers
16

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
5
$232,034
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAN KLORES SCHOOL FOUNDER AND BOARD PRESIDENT 20.00
Officer Director
$0 $0 $0
JACK IRUSHALMI BOARD VICE CHAIR 1.00
Officer Director
$0 $0 $0
AARON SAPERSTEIN BOARD TREASURER 1.00
Officer Director
$0 $0 $0
ANITA REYES BOARD SECRETARY 1.00
Officer Director
$0 $0 $0
LEN ELMORE BOARD MEMBER 1.00
Director
$0 $0 $0
ALAN FISHMAN BOARD MEMBER 1.00
Director
$0 $0 $0
ERNESTO FREIRE BOARD MEMBER 1.00
Director
$0 $0 $0
DERRICK GREEN BOARD MEMBER 1.00
Director
$0 $0 $0
JACKIE HARRIS BOARD MEMBER 1.00
Director
$0 $0 $0
LAURIE LINDENBAUM BOARD MEMBER 1.00
Director
$0 $0 $0
ESTEFANY LOPEZ BOARD MEMBER 1.00
Director
$0 $0 $0
MICHAEL SALZER BOARD MEMBER 1.00
Director
$0 $0 $0
MILTON SIPP BOARD MEMBER 1.00
Director
$0 $0 $0
DAVID STRASSER BOARD MEMBER 1.00
Director
$0 $0 $0
VYASA TEWARI AUTAR BOARD MEMBER 1.00
Director
$0 $0 $0
WILLIAM WESLEY BOARD MEMBER 1.00
Director
$0 $0 $0
BRANDON CORLEY EXECUTIVE DIRECTOR 40.00
Officer
$197,779 $34,255 $232,034
DR KERN MOJICA SCHOOL PRINCIPAL - THRU JULY 2023 40.00
Highest
$190,012 $25,746 $215,758
VICTOR RIOS DIRECTOR OF OPERATIONS 40.00
Highest
$111,873 $15,030 $126,903
DANIELLE DEL VALLE ACADEMIC DIRECTOR 40.00
Highest
$141,656 $25,179 $166,835
SHAUN MERRIQUE DIRECTOR OF LITERACY ENRICHMENT 40.00
Highest
$105,279 $18,661 $123,940
SANTIAGO VASQUEZ TEACHER 40.00
Highest
$105,890 $20,926 $126,816
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 $10,116,505 $9,614,366 $2,293,712 $502,139
2023 $7,560,161 $7,974,074 $3,602,959 $-413,913
2022 $6,262,553 $5,068,894 $2,159,663 $1,193,659
2021 $1,306,738 $834,937 $686,720 $471,801
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