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Grand Concourse Academy Charter School

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Educational Institutions and Related Activities / Elementary, Secondary Education, K - 12 (B29) (NTEE)

Donations to this organization are tax deductible.

Details

According to its June 2023 tax filing, this nonprofit:

Operated a school
Organization is a school. Details are reported on Schedule E.

Summary charts: organization finances over time

Revenue
$18.4M (2023)

Expenses
$15.2M (2023)

Total Assets
$58.5M (2023)

Total Liabilities
$40.9M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings and Audits by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Audits are required to be submitted by nonprofit organizations that spend $750,000 or more in federal grant money in a fiscal year. "Single audits" look at the entire organization's finances and compliance, while other audits are program specific. Nonprofit Explorer has PDFs of audits for some nonprofits for fiscal year 2015 and later. Audit data is from the Federal Audit Clearinghouse.

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$18,412,517
Expenses
$15,181,028
Net Income
$3,231,489
Net Assets
$17,603,445
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,302,630
17.9%
Program Services $14,968,877
81.3%
Investment Income $141,010
0.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $1,323,347
8.7%
Professional Fundraising Fees $0
Other Salaries and Wages $6,863,164
45.2%
Assets/Debt
Total Assets $58,453,977
Total Liabilities $40,850,532
Net Assets $17,603,445
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Ira Victor (Principal) $437,192 $0 $33,804
Martin Mcdowell (Sr Director Business Operation) $183,103 $0 $15,369
Maureen Howard (Vice Principal) $182,739 $0 $16,949
Michael Simonetti (I.A. Ass't Princip) $149,876 $0 $27,815
Wayne Sparacino (Teacher) $127,619 $0 $15,430
Walder Thame Turner (Trustee) $0 $0 $0
Felix Moquete (Trustee) $0 $0 $0
Valerie Cesca (Trustee) $0 $0 $0
Richard Conley (Sec And Treasur) $0 $0 $0
Arlene Hall Waisburd (Board Chair) $0 $0 $0

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$15,086,978
Expenses
$13,755,661
Net Income
$1,331,317
Net Assets
$14,371,956
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,693,034
11.2%
Program Services $13,392,856
88.8%
Investment Income $1,088
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $1,274,782
9.3%
Professional Fundraising Fees $0
Other Salaries and Wages $5,743,725
41.8%
Assets/Debt
Total Assets $16,012,367
Total Liabilities $1,640,411
Net Assets $14,371,956
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Ira Victor (Principal) $392,945 $0 $31,204
Martin Mcdowell (Sr Director Business Operation) $181,237 $0 $21,904
Maureen Howard (Director Elementary) $171,172 $0 $12,558
Evelyn Velez (Director Assessmen) $135,174 $0 $19,957
Michael Simonetti (Director Operation) $133,656 $0 $42,683
Wayne Sparacino (Teacher) $120,471 $0 $19,854
Valerie Cesca (Trustee) $53,129 $0 $0
Howard Banker (Treasurer) $0 $0 $0
Felix Moquete (Trustee) $0 $0 $0
Richard Conley (Trustee) $0 $0 $0
Arlene Hall Waisburd (Board Chair) $0 $0 $0
Jennifer Jaye Fox (Trustee) $0 $0 $0
Clara Rivas (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$13,410,386
Expenses
$11,485,241
Net Income
$1,925,145
Net Assets
$13,040,639
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,618,849
12.1%
Program Services $11,790,475
87.9%
Investment Income $1,062
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $1,179,567
10.3%
Professional Fundraising Fees $0
Other Salaries and Wages $4,959,056
43.2%
Assets/Debt
Total Assets $14,223,428
Total Liabilities $1,182,789
Net Assets $13,040,639
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Ira Victor (Principal) $337,240 $0 $29,350
Maureen Howard (Director Elementary) $161,907 $0 $11,180
Martin Mcdowell (Sr Director Business Operation) $157,406 $0 $18,942
Evelyn Velez (Director Assessmen) $129,015 $0 $17,072
Michael Simonetti (Director Operation) $122,068 $0 $35,500
Wayne Sparacino (Teacher) $121,302 $0 $17,072
Howard Banker (Treasurer) $0 $0 $0
Linda Manley Schechteresq (Secretary) $0 $0 $0
Richard Conley (Trustee) $0 $0 $0
Arlene Hall Waisburd (Board Chair) $0 $0 $0
Jaye Fox (Trustee) $0 $0 $0
Lucia Mariani (Trustee) $0 $0 $0
Veronica De Jesus (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$11,668,361
Expenses
$11,373,305
Net Income
$295,056
Net Assets
$11,115,494
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,260,631
10.8%
Program Services $10,402,613
89.2%
Investment Income $0
Bond Proceeds $5,117
0.0%
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $543,694
4.8%
Professional Fundraising Fees $0
Other Salaries and Wages $5,251,082
46.2%
Assets/Debt
Total Assets $13,166,599
Total Liabilities $2,051,105
Net Assets $11,115,494
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Ira Victor (Principal) $317,124 $0 $36,242
Martin Mcdowell (Sr Director Business Operation) $160,749 $0 $18,603
Maureen J Howard (Dir Elementary Sch) $152,009 $0 $17,583
Grace Mitchell (Dir Middle School) $126,154 $0 $15,068
Michael Simonetti (Director Operation) $119,427 $0 $13,625
Evelyn Velez (Dir Assessment Prg) $115,876 $0 $13,545
Wayne Sparacino (Teacher) $114,346 $0 $13,721
Howard Banker (Treasurer) $0 $0 $0
Linda Manley Schechteresq (Secretary) $0 $0 $0
Richard Conley (Trustee) $0 $0 $0
Arlene Hall Waisburd (Board Chair) $0 $0 $0
Jaye Fox (Trustee) $0 $0 $0
Lucia Mariani (Trustee) $0 $0 $0
Veronica De Jesus (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$10,878,675
Expenses
$8,961,100
Net Income
$1,917,575
Net Assets
$10,820,438
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,590,998
14.6%
Program Services $9,225,845
84.8%
Investment Income $11,865
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $49,967
0.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $314,304
3.5%
Professional Fundraising Fees $0
Other Salaries and Wages $4,917,340
54.9%
Assets/Debt
Total Assets $11,660,268
Total Liabilities $839,830
Net Assets $10,820,438
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Ira Victor (Principal) $314,304 $0 $28,862
Martin Mcdowell (Sr Director Business Operation) $146,971 $0 $17,078
Maureen J Howard (Dir Elementary Sch) $134,473 $0 $11,019
Grace Mitchell (Dir Middle School) $114,362 $0 $14,948
Wayne Sparacino (Teacher) $105,405 $0 $14,345
Evelyn Velez (Dir Assessment Prg) $101,148 $0 $14,043
Michael Simonetti (Director Operation) $96,567 $0 $19,571
Howard Banker (Treasurer) $0 $0 $0
Linda Manley Schechteresq (Secretary) $0 $0 $0
Richard Conley (Trustee) $0 $0 $0
Arlene Hall Waisburd (Board Chair) $0 $0 $0
Jaye Fox (Trustee) $0 $0 $0
Lucia Mariani (Trustee) $0 $0 $0
Veronica De Jesus (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$9,953,900
Expenses
$7,706,858
Net Income
$2,247,042
Net Assets
$8,902,863
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,314,644
13.2%
Program Services $8,587,877
86.3%
Investment Income $7,413
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $43,966
0.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $274,509
3.6%
Professional Fundraising Fees $0
Other Salaries and Wages $4,458,831
57.9%
Assets/Debt
Total Assets $9,841,050
Total Liabilities $938,187
Net Assets $8,902,863
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Ira Victor (Principal) $262,227 $0 $12,281
Martin Mcdowell (Dir.Of B.O.) $138,384 $0 $15,613
Maureen J Howard (Dir.Of E.S.) $123,490 $0 $8,130
Howard Banker (Treasurer) $0 $0 $0
Linda Manley Schechteresq (Secretary) $0 $0 $0
Richard Conley (Trustee) $0 $0 $0
Arlene Hall Waisburd (Board Chair) $0 $0 $0
Jaye Fox (Member) $0 $0 $0
Lucia Mariani (Trustee) $0 $0 $0
Veronica De Jesus (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$9,350,101
Expenses
$6,512,631
Net Income
$2,837,470
Net Assets
$6,655,821
Notable Sources of Revenue Percent of Total Revenue
Contributions $992,759
10.6%
Program Services $8,348,826
89.3%
Investment Income $2,027
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $6,489
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $252,326
3.9%
Professional Fundraising Fees $0
Other Salaries and Wages $3,408,047
52.3%
Assets/Debt
Total Assets $7,282,677
Total Liabilities $626,856
Net Assets $6,655,821
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Ira Victor (Principal) $240,449 $0 $11,877
Martin Mcdowell (Dir.Of Ops&Fin.) $126,312 $0 $15,486
Maureen J Howard (Dir.Of Curri&Inst.) $110,729 $0 $7,107
Howard Banker (Treasurer) $0 $0 $0
Linda Manley Schechteresq (Secretary) $0 $0 $0
Richard Conley (Member) $0 $0 $0
Arlene Hall Waisburd (Board Chair) $0 $0 $0
Jaye Fox (Member) $0 $0 $0
Lucia Mariani (Member) $0 $0 $0
Veronica De Jesus (Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$8,215,460
Expenses
$6,548,388
Net Income
$1,667,072
Net Assets
$3,829,920
Notable Sources of Revenue Percent of Total Revenue
Contributions $645,219
7.9%
Program Services $7,563,497
92.1%
Investment Income $1,625
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $5,119
0.1%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $392,115
6.0%
Professional Fundraising Fees $0
Other Salaries and Wages $3,242,222
49.5%
Assets/Debt
Total Assets $4,575,586
Total Liabilities $745,666
Net Assets $3,829,920
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Ira Victor (Principal) $253,220 $0 $9,429
Martin Mcdowell (Dir.Of Ops&Fin.) $138,895 $0 $13,990
Maureen J Howard (Dir.Of Curri&Inst.) $114,894 $0 $12,749
Howard Banker (Treasurer) $0 $0 $0
Joyce Higginson Davis (Chairperson) $0 $0 $0
Linda Manley Schechteresq (Secretary) $0 $0 $0
Arlene Hall Waisburd (Trustee) $0 $0 $0
Jeanette Engles (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,995,438
Expenses
$5,805,789
Net Income
-$810,351
Net Assets
$2,162,848
Notable Sources of Revenue Percent of Total Revenue
Contributions $354,934
7.1%
Program Services $5,724,115
> 100%
Investment Income $1,210
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $13,348
0.3%
Sales of Assets -$1,300,020
Net Inventory Sales $0
Other Revenue $201,851
4.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $350,239
6.0%
Professional Fundraising Fees $0
Other Salaries and Wages $3,210,507
55.3%
Assets/Debt
Total Assets $2,928,764
Total Liabilities $765,916
Net Assets $2,162,848
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Ira Victor (Principal) $229,345 $0 $4,000
Martin Mcdowell (Dir.Of Ops&Fin.) $112,694 $0 $4,200
Cheryl Forbes (Vice Principal) $101,567 $0 $3,700
Maureen J Howard (Dir.Of Curri&Inst.) $100,372 $0 $3,200
Howard Banker (Treasurer) $0 $0 $0
Joyce Higginson Davis (Chairperson) $0 $0 $0
Linda Manley Schechter (Secretary) $0 $0 $0
Arlene Hall Waisburd (Trustee) $0 $0 $0
Jeanette Engles (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$6,028,873
Expenses
$5,790,473
Net Income
$238,400
Net Assets
$2,973,199
Notable Sources of Revenue Percent of Total Revenue
Contributions $371,328
6.2%
Program Services $5,536,328
91.8%
Investment Income $2,239
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $11,914
0.2%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $107,064
1.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $342,039
5.9%
Professional Fundraising Fees $0
Other Salaries and Wages $3,213,905
55.5%
Assets/Debt
Total Assets $3,795,226
Total Liabilities $822,027
Net Assets $2,973,199
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Ira Victor (Principal) $229,345 $0 $3,876
Martin Mcdowell (Business Manage) $112,694 $0 $4,177
Cheryl Forbes (Vice Principal) $112,540 $0 $3,660
Maureen J Howard (Dir.Of Curri&Inst.) $100,372 $0 $3,158
Juan Trinidad (Vice Principal) $92,493 $0 $1,405
Howard Banker (Treasurer) $0 $0 $0
Joyce Higginson Davis (Chairperson) $0 $0 $0
Linda Manley Schechter (Secretary) $0 $0 $0
Arlene Hall Waisburd (Trustee) $0 $0 $0
Jeanette Engles (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,946,275
Expenses
$5,322,708
Net Income
$623,567
Net Assets
$2,726,984
Notable Sources of Revenue Percent of Total Revenue
Contributions $428,764
7.2%
Program Services $5,295,563
89.1%
Investment Income $3,332
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $13,410
0.2%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $205,206
3.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $316,946
6.0%
Professional Fundraising Fees $0
Other Salaries and Wages $2,932,479
55.1%
Assets/Debt
Total Assets $3,434,157
Total Liabilities $707,173
Net Assets $2,726,984

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,531,659
Expenses
$4,928,968
Net Income
$602,691
Net Assets
$2,111,226
Notable Sources of Revenue Percent of Total Revenue
Contributions $430,355
7.8%
Program Services $5,098,153
92.2%
Investment Income $3,151
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $519,801
10.5%
Professional Fundraising Fees $0
Other Salaries and Wages $2,506,324
50.8%
Assets/Debt
Total Assets $2,878,438
Total Liabilities $767,212
Net Assets $2,111,226

Document Links

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,888,770
Expenses
$5,490,888
Net Income
$397,882
Net Assets
$1,508,535
Notable Sources of Revenue Percent of Total Revenue
Contributions $491,747
8.4%
Program Services $5,393,248
91.6%
Investment Income $3,775
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $353,627
6.4%
Professional Fundraising Fees $0
Other Salaries and Wages $2,710,511
49.4%
Assets/Debt
Total Assets $2,484,213
Total Liabilities $975,678
Net Assets $1,508,535

Document Links

Fiscal Year Ending June
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
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  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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