FRIENDS OF EARL MONROE NEW RENAISSANCE BASKETBALL ACADEMY CHARTER SCHOOL INC

EIN: 861828033 501(c)(3) Human Services

NEW YORK, NY

Total Revenue
$799,051
Total Expenses
$653,737
Total Assets
$12,658,138
Net Assets
$10,592,191
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
NY
Principal Officer
DAN KLORES
Phone
7188736049
Tax Period
2022-07-01 to 2023-06-30

FRIENDS OF EARL MONROE NEW RENAISSANCE BASKETBALL ACADEMY CHARTER SCHOOL INC, founded in 2021, is a small nonprofit in the Human Services sector that reported $799K in total revenue in fiscal year 2022. Revenue fell 92% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $145K, a strong 18% operating margin.

Mission

FRIENDS OF EARL MONROE NEW RENAISSANCE BASKETBALL CHARTER SCHOOL'S MISSION IS TO SUPPORT EARL MONROE NEW RENAISSANCE BASKETBALL CHARTER SCHOOL IN ITS MISSION TO 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.

Program Service Accomplishments

Program 1
Expenses: $589,846 Revenue: $114,591

TO SUPPORT EARL MONROE CHARTER SCHOOL IN IT'S MISSION TO PROVIDE HIGH QUALITY EDUCATIONAL SERVICES AND POST-SECONDARY EDUCATIONAL PREPAREDNESS FOR STUDENTS IN GRADES 9-12.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $340,265
Program Service Revenue $0
Investment Income $344,195
Other Revenue $114,591
TOTAL REVENUE $799,051

Expense Breakdown

Grants Paid $273,000
Salaries & Benefits $0
Fundraising Expenses $43,375
Program Expenses $589,846
Other Expenses $380,737
TOTAL EXPENSES $653,737

Year-over-Year Comparison

2022 2021 Change
Revenue $799,051 $10,638,049 -0.9%
Expenses $653,737 $218,330 +2.0%
Net Income $145,314 $10,419,719 -1.0%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
5

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
2
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAN KLORES CHAIR 1.00
Officer Director
$0 $0 $0
JACK IRUSHALMI TREASURER 1.00
Officer Director
$0 $0 $0
SCOTT MAGER TRUSTEE 1.00
Director
$0 $0 $0
MONICA MAJOR TRUSTEE 1.00
Director
$0 $0 $0
ANTONIO BURGOS TRUSTEE 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 No data No data No data No data
2023 $799,051 $653,737 $12,658,138 $145,314
2022 $10,638,049 $218,330 $10,714,144 $10,419,719
Explore More Nonprofits
→Top 100 Nonprofits in New York →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare FRIENDS OF EARL MONROE NEW RENAISSANCE BASKETBALL ACADEMY CHARTER SCHOOL INC with other nonprofits in New York and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.