Storefront Academy Charter School

Also known as Storefront Academy Charter School South Bronx

Bronx, NY · EIN 47-1938137 · 501(c)(3) · School
Latest filing: Form 990 for the fiscal year ending June 30, 2025 (tax year 2024) · View the filing · Correct or respond

Storefront Academy Charter School reported $10.4 million in revenue and $12.0 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $81.78 went to program services, $18.22 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 90.3% of the total. Government grants made up 6.8%. The highest compensation it reported for one person was $147,928 (PRINCIPAL). 8 people received more than $100,000 in reportable compensation. Revenue rose 24% between FY2020 and FY2025. Source: Form 990, FY2025.

Where $100 of spending went

The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $12M

Program services$81.78 $9.8M
Management & general$18.22 $2.2M
Fundraising$0.00 $0

For context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $10M

Contributions & grants (non-government)$2.62 $274K
Government grants$6.84 $715K
Program service revenue$90.27 $9.4M
Investment income$0.00 $28
Other revenue$0.27 $27,848

The 990 scorecard · same measures for every charity, no grades

FY2025 filing. Median across 5,499 covered charities in this category, from their latest filings.
Measure	FY2025	Median
Program services Part IX 25(B) ÷ 25(A)	81.8%	84.4%
Management & general Part IX 25(C) ÷ 25(A)	18.2%	13.4%
Fundraising Part IX 25(D) ÷ 25(A)	0.0%	0.8%
Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h	$0.00	$0.04
Contributions & grants share of revenue Part VIII 1h ÷ 12	9.5%	19.1%
Government grants share of revenue Part VIII 1e ÷ 12	6.8%	1.1%
Program service revenue share Part VIII 2g ÷ 12	90.3%	69.9%
Highest reported compensation Part VII-A, columns D–F	$147,928	$331,578
Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A)	1.23%	1.28%
People paid over $100,000 Part VII, line 2	8	8
Net assets, in months of expenses Part X 33(B) ÷ monthly expenses	-1.7	13.3
Independent voting board members Part VI 1a–1b	6 of 6	100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

FY2025 · Form 990, Part III · the three largest programs by expense

$9.8M expenses · 100.0% of program spending · revenue $9.4M

The school was organized to provide children of varied academic strengths quality educational opportunities, preparing them academically, socially and emotionally to become critical thinkers, high-achieving students and well-rounded individuals. Working in partnership with families and community members, Storefront Academy instills a powerful sense of self, and gives its students the tools to own the future and create meaningful adult lives. The school served 345 students for the school year ended june 30, 2025

Highest reported compensation

FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here

Role	From this org	From related orgs	Other	Total
PRINCIPAL Highest compensated employee, 40.0 hrs/week	$134,282	$0	$13,646	$147,928
ASSISTANT PRINCIPAL Highest compensated employee, 40.0 hrs/week	$132,975	$0	$13,629	$146,604
PRINCIPAL Highest compensated employee, 40.0 hrs/week	$126,672	$0	$13,626	$140,298
Special Education Teacher Highest compensated employee, 40.0 hrs/week	$110,984	$0	$13,629	$124,613
Lead Teacher Highest compensated employee, 40.0 hrs/week	$104,777	$0	$13,594	$118,371
Director of Operations Officer, 40.0 hrs/week	$110,026	$0	$132	$110,158

8 people received more than $100,000 in reportable compensation from Storefront Academy Charter School (Part VII, line 2). Compensation of current officers, directors and key employees totaled $117K (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked

RevenueExpenses

Filing	Revenue	Expenses	Programs	Net assets	Top pay
FY2025 ⓘ	$10M	$12M	81.8%	−$1.7M	$147,928
FY2024 ⓘ	$9.9M	$11M	83.3%	−$111K	$139,672
FY2023 ⓘ	$9.2M	$9.5M	79.3%	$1.7M	$149,179
FY2022 ⓘ	$11M	$10.0M	79.9%	$2.0M	$189,128
FY2021 ⓘ	$10M	$9.0M	78.1%	$1.3M	$205,685
FY2020 ⓘ	$8.4M	$7.9M	76.8%	−$1,759	$176,821

Governance answers, as filed

FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means

Voting board members, and how many are independent Part VI, lines 1a–1b6 · 6 independent
Audited financial statements Part XII 2bYes
Conflict-of-interest policy Part VI 12aYes
Whistleblower policy Part VI 13Yes
Document retention policy Part VI 14Yes
Independent process for top executive pay Part VI 15aNo
Board given the 990 before filing Part VI 11aYes
Family or business ties among insiders Part VI 2No
Aware of a significant diversion of assets Part VI 5No
Excess benefit transaction with an insider Part IV 25aNo
Loans to or from insiders outstanding Part IV 26No
Lobbying, or a 501(h) election in effect Part IV 4No
Over $15,000 of professional fundraising services Part IV 18No
Over $10,000 of activity outside the U.S. Part IV 14bNo
Employees Part I, line 597
Volunteers Part I, line 66

Largest outside contractors

FY2025 · Form 990, Part VII, Section B · businesses only

Butter Beans Inc Food services	$299,011
Lavinia Group LLC Educational Consultant	$190,516
Allied Universal Security Services Security services	$139,416
Cosmopolitan Cleaning Corp Custodial services	$120,000
Harmony Program After School Programming	$111,194

Individuals listed as contractors are left out. 6 contractors were paid more than $100,000 in all.

Private foundation grants it received

3 private foundations reported grants to Storefront Academy Charter School totaling $4,016 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.

Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.

Correct a figure or respond

Every number above is copied from Storefront Academy Charter School's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Storefront Academy Charter School, you can publish a response that is linked from this page.

Report a correction Respond as Storefront Academy Charter School How this works

Similar-sized charities in this cause

Walker West Music Academy
Saint Paul, MN · revenue $10M · programs 70.0% · 2024
Gaffney Events Educational Trust
Duvall, WA · revenue $10M · programs 85.8% · 2025
Brownell-Talbot School
Omaha, NE · revenue $10M · programs 79.9% · FY2025
Mississippi State University Advanced Research and Development
Mississippi State, MS · revenue $10M · programs 98.6% · FY2025
St Andrew's Schools
Honolulu, HI · revenue $10M · programs 63.4% · FY2025

All education charities · Largest charities in New York

Questions people ask

How much of Storefront Academy Charter School's spending goes to programs?

In the fiscal year ending June 30, 2025, Storefront Academy Charter School reported that 81.8% of its $12.0 million in expenses went to program services, 18.2% to management and general and 0.0% to fundraising (Form 990, Part IX).

How much does Storefront Academy Charter School pay its top executive?

The largest total compensation Storefront Academy Charter School reported for one person in the fiscal year ending June 30, 2025 was $147,928, for the role of PRINCIPAL (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Storefront Academy Charter School get its money?

Of $10.4 million in revenue in the fiscal year ending June 30, 2025, 9.5% came from contributions and grants (including 6.8% from government grants) and 90.3% from program service revenue (Form 990, Part VIII).

Is Storefront Academy Charter School a registered charity?

The IRS lists EIN 47-1938137 as a 501(c)(3) organization (school), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202611349349306076 · read the filing · XML
FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202511299349303321 · read the filing
FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202411319349303081 · read the filing
FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202311299349300246 · read the filing
FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202113199349306106 · read the filing
FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202033259349301003 · read the filing

All filings for EIN 47-1938137: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.