FRIENDS OF EARL MONROE NEW RENAISSANCE BASKETBALL CHARTER SCH: Form 990, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
FRIENDS OF EARL MONROE NEW RENAISSANCE BASKETBALL CHARTER SCH (EIN 86-1828033)
Tax period
2022-07-01 to 2023-06-30
Filed
2024-05-10
IRS object ID
202401319349302720
Schema version
2022v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-05-10T13:09:03-05:00ReturnTs
Tax Period End2023-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN161092347PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1MENGEL METZGER BARR & CO LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1100 CHESTNUT STREET SUITE 1200AddressLine1Txt
CityROCHESTERCityNm
State AbbreviationNYStateAbbreviationCd
ZIP14604ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2022-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN861828033EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1FRIENDS OF EARL MONROE NEW RENAISSANCEBusinessNameLine1Txt
Business Name Line2BASKETBALL ACADEMY CHARTER SCHOOL INCBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlFRIEBusinessNameControlTxt
Phone7188736049PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line152 E 80TH STREETAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10075ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDAN KLORESPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone7188736049PhoneNum
Signature2024-05-08SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstDANPersonFirstNm
Person LastKLORESPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info Curr0IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMICHELLE CAINPreparerPersonNm
PTINP00150750PTIN
Phone5854231860PhoneNum
Preparation2024-05-08PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerDAN KLORESPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line152 E 80TH STREETAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10075ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$4,443,809GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressEARLMONROESCHOOL.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2021FormationYr
Legal Domicile StateNYLegalDomicileStateCd
Activity Or MissionFRIENDS OF EMNR'S MISSION IS TO SUPPORT THE SCHOOL IN ITS MISSION VIA SUPPORT IN THE SCHOOL'S FACILITY WORK AS WELL AS ACTING AS A FUNDRAISING ARM FOR THE SCHOOL.ActivityOrMissionDesc
Voting Members Governing Body5VotingMembersGoverningBodyCnt
Voting Members Independent5VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers5TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$10,628,435PYContributionsGrantsAmt
CY Contributions Grants$340,265CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$9,614PYInvestmentIncomeAmt
CY Investment Income$344,195CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$114,591CYOtherRevenueAmt
PY Total Revenue$10,638,049PYTotalRevenueAmt
CY Total Revenue$799,051CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$273,000CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$0PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$43,375CYTotalFundraisingExpenseAmt
PY Other Expenses$218,330PYOtherExpensesAmt
CY Other Expenses$380,737CYOtherExpensesAmt
PY Total Expenses$218,330PYTotalExpensesAmt
CY Total Expenses$653,737CYTotalExpensesAmt
PY Revenues Less Expenses$10,419,719PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$145,314CYRevenuesLessExpensesAmt
Total Assets BOY$10,714,144TotalAssetsBOYAmt
Total Assets EOY$12,658,138TotalAssetsEOYAmt
Total Liabilities BOY$294,425TotalLiabilitiesBOYAmt
Total Liabilities EOY$2,065,947TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$10,419,719NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$10,592,191NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionFRIENDS 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.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$589,846ExpenseAmt
Grant$273,000GrantAmt
Revenue$114,591RevenueAmt
DescTO 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.Desc
Total Program Service Expenses$589,846TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other SecYes (1)ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other AssetsYes (1)ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document13IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee0EmployeeCnt
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members5GoverningBodyVotingMembersCnt
Independent Voting Member5IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing Body0MinutesOfGoverningBodyInd
Minutes Of Committees0MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldNYStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE ORGANIZATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2254360136PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11617 PARKVIEW AVEAddressLine1Txt
CityBRONXCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10461ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (5 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
DAN KLORES
CHAIR1.00Yes (X)Yes (X)$0$0$0
JACK IRUSHALMI
TREASURER1.00Yes (X)Yes (X)$0$0$0
SCOTT MAGER
TRUSTEE1.00Yes (X)$0$0$0
MONICA MAJOR
TRUSTEE1.00Yes (X)$0$0$0
ANTONIO BURGOS
TRUSTEE1.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (2 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
OUR LADY OF ASSUMPTION
1634 MAHAN AVEBRONXNY10461FACILITY RENT$935,357
EARL MONROE INTERNATIONAL LLC
1925 7TH AVE APT 6DNEW YORKNY10026SCHOOL AND COMMUNITY CONSULTING$125,000
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K2CntrctRcvdGreaterThan100KCnt
All Other Contributions$340,265AllOtherContributionsAmt
Total Contributions$340,265TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$304,951TotalRevenueColumnAmt
Exclusion$304,951ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$1,337,837RealAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$1,223,246RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$114,591RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$114,591TotalRevenueColumnAmt
Related Or Exempt Func Income$114,591RelatedOrExemptFuncIncomeAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Other$2,460,756OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Other$2,421,512OtherAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Other$39,244OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$39,244TotalRevenueColumnAmt
Exclusion$39,244ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$799,051TotalRevenueColumnAmt
Related Or Exempt Func Income$114,591RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$344,195ExclusionAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$273,000TotalAmt
Program Services$273,000ProgramServicesAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$1,226TotalAmt
Management And General$1,226ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$18,000TotalAmt
Management And General$18,000ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$360,221TotalAmt
Program Services$316,846ProgramServicesAmt
Fundraising$43,375FundraisingAmt

Other Expenses OtherExpensesGrp (2 entries)

DescDescTotalTotalAmtManagement And GeneralManagementAndGeneralAmt
SUPPLIES AND MATERIALS$1,282$1,282
OTHER$8$8

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$653,737TotalAmt
Program Services$589,846ProgramServicesAmt
Management And General$20,516ManagementAndGeneralAmt
Fundraising$43,375FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$185,195BOYAmt
EOY$49,687EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$10,063,142BOYAmt
EOY$7,709,080EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$128,632BOYAmt
EOY$107,632EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$78,588BOYAmt
EOY$0EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$171,900LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$0LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$27,000BOYAmt
EOY$171,900EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
EOY$2,452,415EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$231,587BOYAmt
EOY$2,167,424EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$10,714,144BOYAmt
EOY$12,658,138EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$60,000BOYAmt
EOY$89,727EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$78,588BOYAmt
EOY$0EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$155,837BOYAmt
EOY$1,976,220EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$294,425BOYAmt
EOY$2,065,947EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$10,342,087BOYAmt
EOY$10,534,559EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$77,632BOYAmt
EOY$57,632EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$10,419,719BOYAmt
EOY$10,592,191EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$10,714,144BOYAmt
EOY$12,658,138EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$145,314ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$27,158NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$10,628,435CurrentTaxYearMinus1YearAmt
Current Tax Year$340,265CurrentTaxYearAmt
Total$10,968,700TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$10,628,435CurrentTaxYearMinus1YearAmt
Current Tax Year$340,265CurrentTaxYearAmt
Total$10,968,700TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$9,774,306SubstantialContributorsTotAmt
Public Support Total170$1,194,394PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$11,045CurrentTaxYearMinus1YearAmt
Current Tax Year$304,951CurrentTaxYearAmt
Total$315,996TotalAmt
FieldValueIRS element (for citing)
Total Support$11,284,696TotalSupportAmt
Gross Receipts Rltd Activities$2,593,994GrossReceiptsRltdActivitiesAmt
First5 Years170Yes (X)First5Years170Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

FieldValueIRS element (for citing)
Form And Line ReferencePART II, SECTION B, LINE 13 -FormAndLineReferenceDesc
ExplanationSHORT YEAR 9/30/2021 THROUGH 6/30/2022 WOULD BE CONSIDERED THE ORGANIZATION'S FIRST YEAR.ExplanationTxt

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$171,900OtherCostOrOtherBasisAmt
Book Value$171,900BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$171,900TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp

FieldValueIRS element (for citing)
DescU.S. TREASURY BILLSDesc
Book Value$2,452,415BookValueAmt
Method ValuationFMethodValuationCd
FieldValueIRS element (for citing)
Total Book Value Securities$2,452,415TotalBookValueSecuritiesAmt

Other Assets Org OtherAssetsOrgGrp (4 entries)

DescDescBook ValueBookValueAmt
DEFERRED LEASE RECIEVABLE$3,999
SECUIRTY DEPOSIT$100,000
RIGHT-OF-USE ASSETS$1,802,243
DUE FROM RELATED PARTY$261,182
FieldValueIRS element (for citing)
Total Book Value Other Assets$2,167,424TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)

DescDescAmtAmt
ACCRUED EXPENSES$19,500
DUE TO RELATED PARTY$65,758
OPERATING LEASE LIABILITY$1,890,962
FieldValueIRS element (for citing)
Total Liability$1,976,220TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$2,049,455TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$27,158NetUnrealizedGainsInvstAmt
Other Revenue$1,223,246OtherRevenueAmt
Revenue Not Reported$1,250,404RevenueNotReportedAmt
Revenue Subtotal$799,051RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$799,051TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$1,876,983TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included$1,223,246OtherExpensesIncludedAmt
Expenses Not Reported$1,223,246ExpensesNotReportedAmt
Expenses Subtotal$653,737ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$653,737TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART X, LINE 2:THE ORGANIZATION IS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND APPLICABLE STATE REGULATIONS AND, ACCORDINGLY, ARE EXEMPT FROM FEDERAL AND STATE TAXES ON INCOME. THE ORGANIZATION FILES FORM 990 TAX RETURNS IN THE U.S. FEDERAL JURISDICTION AND NEW YORK STATE. THE TAX RETURNS FOR THE YEARS ENDED JUNE 30, 2022 THROUGH JUNE 30, 2023 ARE STILL SUBJECT TO POTENTIAL AUDIT BY THE IRS AND NEW YORK STATE. MANAGEMENT OF THE ORGANIZATION BELIEVES IT HAS NO MATERIAL UNCERTAIN TAX POSITIONS AND, ACCORDINGLY IT WILL NOT RECOGNIZE ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS.
PART XI, LINE 2D - OTHER ADJUSTMENTS:RENTAL EXPENSES 1,223,246.
PART XII, LINE 2D - OTHER ADJUSTMENTS:RENTAL EXPENSES 1,223,246.

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records Maintained0GrantRecordsMaintainedInd

Recipient Table RecipientTable

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1EARL MONROE NEW RENAISSANCE BASKETBALL CHARTER SCHOOLBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line11617 PARKVIEW AVEAddressLine1Txt
CityBRONXCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10461ZIPCd
FieldValueIRS element (for citing)
Recipient EIN833394623RecipientEIN
IRC Section501C3IRCSectionDesc
Cash Grant$273,000CashGrantAmt
Non Cash Assistance$0NonCashAssistanceAmt
Valuation Method UsedBOOKValuationMethodUsedDesc
Purpose Of GrantTO HELP OFFSET OPERATING COSTSPurposeOfGrantTxt
FieldValueIRS element (for citing)
Total501c3 Org1Total501c3OrgCnt
Total Other Org0TotalOtherOrgCnt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 8ATHERE WERE NO BOARD MEETINGS DURING THE FISCAL YEAR ENDING JUNE 30, 2023.
FORM 990, PART VI, SECTION A, LINE 8BTHERE ARE NO SUBCOMITTEES, ONLY THE BOARD.
FORM 990, PART VI, SECTION B, LINE 11BA COPY OF THE FORM 990 IS DISTRIBUTED TO THE ORGANIZATION'S GOVERNING BODY PRIOR TO ITS FILING. ALL MEMBERS OF THE GOVERNING BOARD ARE REQUESTED TO REVIEW AND AUTHORIZE THE FILING OF THE FORM 990. IF THE BOARD MEMBERS HAVE ANY QUESTIONS, THEY ARE ADDRESSED PRIOR TO FILING.
FORM 990, PART VI, SECTION B, LINE 12CTHE ORGANIZATION REQUIRES ALL BOARD MEMBERS TO FILL OUT THE CONLICT OF INTEREST DISCLOSURE FORM. AN INDIVIDUAL WITH A POTENTIAL CONFLICT OF INTEREST IS REQUIRED TO LEAVE THE ROOM WHILE THE MATTER IS DISCUSSED.
FORM 990, PART VI, SECTION B, LINE 15CURRENTLY, THERE IS NO ONE WHO IS COMPENSATED THAT IS AN OFFICER OR KEY EMPLOYEE.
FORM 990, PART VI, SECTION C, LINE 19GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON RECEIPT OF A WRITTEN REQUEST.
FORM 990, PART IX, LINE 11GPROFESSIONAL SERVICES - OTHER: PROGRAM SERVICE EXPENSES 316,846. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 43,375. TOTAL EXPENSES 360,221.
FORM 990, PART XII, LINE 2C:THE BOARD HAS NOT CHANGED ITS PROCESS FOR SELECTING THE INDEPENDENT AUDITOR NOR HAVE THEY CHANGED THE OVERSIGHT OF THE AUDIT FROM PRIOR YEARS.

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