Overview
What is Earl Monroe New Renaissance Basketball Charter School?
The Earl Monroe New Renaissance Basketball Charter School, situated in the Bronx, New York, operates with a mission to empower students from challenging neighborhoods. This nonprofit institution offers educational services and prepares students in grades 9-12 for post-secondary education. Beyond basketball, it aims to inspire students by introducing them to recognized and respected role models from various professions related to the sport. The school nurtures a belief that the enchantment and thrill of basketball extend beyond the court, opening up professional opportunities for its graduates. The institution employs a team of 32 individuals, contributing to the community's educational growth.
Official website here: www.earlmonroeschool.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85% (Three-Star out of Four Stars)
Earl Monroe New Renaissance Basketball Charter School has earned a Three-Star rating from Charity Navigator, with a strong score of 85% primarily based on its accountability and finance practices. The organization demonstrates significant commitment to governance, with 100% of its board members being independent. It also exhibits strong financial oversight, indicated by a well-structured audit and oversight committee.
The school has established several robust policies, including conflict of interest, whistleblower, and document retention policies, which are fully documented and compliant. Additionally, it maintains transparency with its financial statements, having no material diversion of assets reported. However, while the program expense ratio is commendable at 72.73%, the liabilities to assets ratio at 65.26% suggests there may be some concerns related to its financial obligations that could impact future sustainability.
Overall, the school showcases strengths in financial accountability and governance, but potential stakeholders should consider the implications of its liabilities relative to assets when evaluating the organization's financial health.
This AI summary has been generated from information found on Charity Navigator.
Is Earl Monroe New Renaissance Basketball Charter School legitimate?
Earl Monroe New Renaissance Basketball Charter School is a legitimate nonprofit organization registered as a 501(c)(3) entity. Earl Monroe New Renaissance Basketball Charter School submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $190,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,766,812
For more financial information, click here
Official website here: www.earlmonroeschool.org
What is the mission statement of Earl Monroe New Renaissance Basketball Charter School?
The Earl Monroe New Renaissance Basketball Charter School aims to provide students from challenging neighborhoods with a vision beyond the basketball court, inspiring them with role models from various professions related to basketball. The school's mission is to ensure that the futures of its students are filled with possibilities, whether they pursue basketball or not. The institution is committed to believing that the magic and excitement of basketball extend beyond the court into professions that are accessible to its graduates. The school offers educational services and prepares students in grades 9-12 for post-secondary education.
Official website here: www.earlmonroeschool.org
Who is the CEO of Earl Monroe New Renaissance Basketball Charter School?
Dan Klores is the School Founder And Board President of Earl Monroe New Renaissance Basketball Charter School.
Official website here: www.earlmonroeschool.org
What is the revenue of Earl Monroe New Renaissance Basketball Charter School?
Earl Monroe New Renaissance Basketball Charter School's revenue in 2022 was $6,262,553.
Official website here: www.earlmonroeschool.org
Who are the executives of Earl Monroe New Renaissance Basketball Charter School and what are their salaries?
The average compensation at Earl Monroe New Renaissance Basketball Charter School during 2022 was $61,150. There are 32 employees and 16 volunteers at Earl Monroe New Renaissance Basketball Charter School.
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- Compensation: $175,249
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- Other: $7,223
Official website here: www.earlmonroeschool.org
Where can I find the form 990 for Earl Monroe New Renaissance Basketball Charter School?
Earl Monroe New Renaissance Basketball Charter School's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.earlmonroeschool.org
Learn more at the official website: www.earlmonroeschool.org
Mission Statement of Earl Monroe New Renaissance Basketball Charter School
The Earl Monroe New Renaissance Basketball Charter School aims to provide students from challenged neighborhoods in New York City with a vision beyond the basketball court. The institution aspires to inspire its students not only by basketball players but also by esteemed role models from professions related to the sport. Their mission is deeply rooted in the belief that the allure and excitement of basketball transcends the court, opening up a world of opportunities for their students, whether they pursue a career in basketball or not. The school is committed to ensuring that the futures of its students are filled with potential, leveraging the magnetic appeal of basketball to prepare them for post-secondary education.
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Impact
July, 2024
Earl Monroe New Renaissance Basketball Charter School impacts students from challenging neighborhoods in NYC by providing educational services and preparing them for post-secondary education. The school aims to inspire students beyond the basketball court, connecting them with role models in various professions related to basketball. By instilling hope and opportunity in the students, the school ensures that their futures are filled with possibilities, whether they pursue a career in basketball or not. Through its commitment to providing access to education and professional opportunities, the school is empowering students to reach their full potential and succeed in life.
This information is meant to be a general summary of Earl Monroe New Renaissance Basketball Charter School. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $9
- Program Service Revenue: $2,203,838
- Gross Receipts: $6,262,553
Assets and Liabilities:
- Total Assets: $2,159,663
- Total Liabilities: $494,203
- Net Assets: $1,665,460
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
STATE AND LOCAL PER PU
Revenue
$1,873,474
STUDENTS WITH DISABILI
Revenue
$330,364
Organization Details
Founding Year
2019
Phone
(225) 436-0136Principal Officer
Dan Klores
Main Address
1617 PARKVIEW AVE, BRONX, NY, 10461
Website
www.earlmonroeschool.orgNTEE Category
Code: B25 - Education
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