FRIENDS OF ROOSEVELT CHILDREN'S ACADEMY CHARTER SCHOOL

EIN: 852943576 501(c)(3) Education

ROOSEVELT, NY

Total Revenue
$12,571,013
Total Expenses
$3,943,453
Total Assets
$46,020,453
Net Assets
$12,218,503
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
NY
Principal Officer
REGINALD TUGGLE
Phone
5165327104
Tax Period
2023-07-01 to 2024-06-30

FRIENDS OF ROOSEVELT CHILDREN'S ACADEMY CHARTER SCHOOL, founded in 2020, is a mid-sized nonprofit in the Education sector that reported $12.6M in total revenue in fiscal year 2023. Revenue surged 268% from the prior year, signaling strong growth momentum. The organization ran a surplus of $8.6M, a strong 69% operating margin.

Mission

TO SUPPORT THE OPERATION OF ROOSEVELT CHILDREN'S ACADEMY CHARTER SCHOOL IN NEW YORK (THE "SCHOOL") BY PROVIDING ASSISTANCE WITH THE SCHOOL'S REAL ESTATE AND FACILITIES-RELATED NEEDS, AND BY RAISING FUNDS AND RESOURCES THAT WILL ENABLE THE CORPORATION TO PROVIDE SUPPORT TO THE SCHOOL TO ENHANCE THE EXPERIENCE OF THE SCHOOL'S STUDENTS; TO EXERCISE ALL RIGHTS AND POWERS CONFERRED BY THE LAWS OF THE STATE OF NEW YORK UPON NOT-FOR-PROFIT CORPORATIONS, INCLUDING BUT WITHOUT LIMITATION THEREON, TO RAISE FUNDS, TO RECEIVE GIFTS, DEVISES, BEQUESTS AND CONTIRBUTIONS, IN ANY FORM, AND TO USE, APPLY, INVEST AND REINVEST THE PRINCIPAL AND/OR INCOME THERE FROM OR DISTRIBUTE THE SAME FOR THE ABOVE PURPOSES AND TO ENGAGE IN ANY OTHER ACTIVITY THAT IS INCIDENTAL TO, CONNECTED WITH OR IN ADVANCEMENT OF THE FOREGOING PURPOSED OF SECTIONS 170(C)(2)(B) AND 801(C) (3).

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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 $10,293,598
Program Service Revenue $0
Investment Income $253,387
Other Revenue $2,024,028
TOTAL REVENUE $12,571,013

Expense Breakdown

Grants Paid $0
Salaries & Benefits $691,871
Fundraising Expenses $0
Program Expenses $3,576,017
Other Expenses $3,251,582
TOTAL EXPENSES $3,943,453

Year-over-Year Comparison

2023 2022 Change
Revenue $12,571,013 $3,413,402 +2.7%
Expenses $3,943,453 N/A N/A
Net Income $8,627,560 $3,413,402 +1.5%
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

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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
3
Independent Members
3
Employees
N/A
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
$237,703
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PHILIP LECONTE COO/CFO 40.00
Officer
$117,696 $0 $237,703
DEAN OLSEN TREASURER 5.00
Officer Director
$0 $0 $0
SYDNEY PIGOTT SECRETARY 5.00
Officer Director
$0 $0 $0
REGINALD TUGGLE PRESIDENT - 5.00
Officer 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 $12,571,013 $3,943,453 $46,020,453 $8,627,560
2023 $3,413,402 No data $35,513,952 No data
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