2026-05-13T14:27:13-07:00 2025-06-30 810926770 NCHENG LLP CERTIFIED PUBLIC ACCOUNTANTS 40 WALL ST 32ND FL NEW YORK NY 10005 990 2024-07-01 830396763 GRAND CONCOURSE ACADEMY CHARTER SCHOOL GRAN 7185901300 625 BOLTON AVENUE BRONX NY 10473 Richard Conley Chairperson 2026-05-13 true true Miaoling Lin P00431817 2127850100 2024 2025-03-06 01:10:19Z RICHARD CONLEY 625 BOLTON AVENUE BRONX NY 10473 17996601 false X WWW.GCACS.ORG X 2004 NY TO CREATE A CHALLENGING LEARNING ENVIRONMENT THAT ADDRESSES AND MEETS THE NEEDS OF STUDENTS IN NEW YORK CITY AND TO OFFER STUDENTS A HIGH QUALITY PUBLIC EDUCATION ON A NONDISCRIMINATORY AND SECULAR BASIS. 5 5 114 5 0 2776144 2311501 14149980 14709078 642278 748627 20130 227395 17588532 17996601 0 0 11098242 11265563 0 21511 6455636 5823944 17553878 17089507 34654 907094 58668452 58811617 41030353 40266424 17638099 18545193 The mission of the Grand Concourse Academy Charter School is to create a challenging learning environment that addresses and meets the needs of students in New York City, especially those at-risk of academic failure. In a concentrated effort to prepare our students for entry into the very best middle and high schools of New York City, the Academy will seek to foster a sense of strong character, ethics, and personal responsibility, as well as high expectations and academic success.The Academy will place a strong emphasis on Reading, Math, Science, and Social Studies, and will diligently seek to prepare students to meet and/or exceed NYS performance standards in ELA, Mathematics, Science and Social Studies. The Academy will support and encourage professional development opportunities aligned to the instructional program, and will diligently seek and encourage active parental involvement and participation in the academic goals of the students. In addition, the school will seek to involve false false 14772406 14709078 PUBLIC EDUCATION ON A NONDISCRIMINATORY AND SECULAR BASIS. 14772406 true true false false false false false false false false true false false true true true false true true false false false false false false false false false false true true false false false false false false false false false false true false false false true false false false false true 13 0 true 114 true false false false false false false false 0 false false false false false false false X 5 5 false false false false false false false true true false false true true true true true true true true false NY X MRMICHAEL SIMONETTI 7186846505 625 BOLTON AVENUE BRONX NY 10473 X IRA VICTOR Executive Dir. 40.00 0.00 X 503469 0 17179 MICHAEL SIMONETTI SEN. DIR. OF BUSINESS AND OPERATION 40.00 0.00 193635 0 43375 MAUREEN HOWARD Assistant Principal 40.00 0.00 198928 0 12100 Laura Rizzi Assit Principal 40.00 0.00 142991 0 44871 EVELYN VELEZ Assistant Principal 40.00 0.00 168337 0 17763 NATALIA CASTRO Assistant Principal 40.00 0.00 159608 0 21438 THEODORE KATSAVOS TEACHER 40.00 0.00 133585 0 44229 WAYNE SPARACINO TEACHER 40.00 0.00 144283 0 21356 JENNIFER BROWN TEACHER 40.00 0.00 152729 0 11669 DAMIAN MAURICE RHOOMES TEACHER 40.00 0.00 138292 0 20586 Walder Thame-Turner Trustee 0.25 0.00 X 0 0 0 Damaris Joseph-Moquete Trustee 0.25 0.00 X 0 0 0 Howard Banker Trustee 0.25 0.00 X 0 0 0 RICHARD CONLEY Chairperson 0.25 0.00 X X 0 0 0 ARLENE HALL-WAISBURD Chairperson 0.25 0.00 X X 0 0 0 1935857 254566 27 false true false Lubrano Ciavarra Architects PLLC 45 Main St 1016 Brooklyn NY 11201 Construction 188601 Red Rabbit LLC 1751 Park Ave Ground Floor New York NY 10035 Food service 591621 ORRICK HERRINGTON 51 WEST 52ND STREET NEW YORK NY 10019 LEGAL 261142 EUROSTRUCT INC 228 RUSSELL ST BROOKLYN NY 11222 CONSTRUCTION 3604592 HOUGHTON MIFFLIN COMPANY 14046 COLLECTIONS CENTER DR CHICAGO IL 60693 Comp. license & textbooks 108279 6 1791875 519626 54423 2311501 STUDENT ENROLLMENT 611710 14709078 14709078 14709078 748627 748627 0 0 0 0 0 0 0 Legal settlement 900099 207000 207000 Other income 900099 20395 20395 227395 17996601 14936473 748627 0 0 0 0 1550508 1363827 186681 0 7285058 6407765 877293 298348 262420 35928 1438905 1265630 173275 692744 609324 83420 62000 62000 46377 46377 136400 136400 0 0 0 279533 119061 160472 0 66732 53894 12838 164799 144954 19845 0 0 1704 1499 205 0 0 1889092 1661608 227484 0 1014221 892089 122132 139825 122987 16838 Food Service 576330 576330 Real Estate Taxes 310834 273404 37430 REPAIR & MAINTENANCE 278823 245248 33575 SUPPLIES AND MATERIALS 244088 244088 613186 528278 63397 21511 17089507 14772406 2295590 21511 1275433 104784 10313257 14734810 2217979 509925 6690 16307 0 0 0 0 180870 187076 41364699 3671487 38312237 37693212 0 0 0 1495265 1455916 4866721 4109587 58668452 58811617 1723903 1353146 31150 38338985 37982828 936315 930450 41030353 40266424 X 17638099 18545193 17638099 18545193 58668452 58811617 907094 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5378407 5378407 32719720 2221877 30497843 2550211 850070 1700141 611236 511941 99295 105125 87599 17526 37693212 Escrow for building fund 3965810 Reserve for contingency 127277 Security deposits 16500 4109587 Accrued interest 930450 930450 X Part X : FIN48 Footnote TAX STATUSIn 2005, Grand Concourse Academy Charter School filed and received approval of its application for tax exempt status from the Internal Revenue Service under Section 501(c)(3) of the Internal Revenue Code and has been classified as a publicly supported organization as described in Internal Revenue Code Sec. 509(a)(1) and 170(b)(1)(a)(II).Accounting principles generally accepted in the United States of America require management to evaluate tax positions taken and recognize a tax liability (or asset) if the School has taken an uncertain position that more likely than not would not be sustained upon examination by taxing authorities. Management has analyzed the tax positions taken and has concluded that as of June 30, 2025, there are no uncertain positions taken or expected to be taken that would require recognition or disclosure in the financial statements.The School is no longer subject to income tax examination by tax authorities for years before June 30, 2022. true true true true true true true false false false false false false false false true false true Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized The school is required to adhere to the provisions of Section 2854 (2) of the Education Law to guide the admission policies and procedures.The school is open to any student who is qualified under the laws of New York for admission to a public school. Admission of students will be not be limited on the basis of intellectual ability, measures of achievement or aptitude, athletic ability, disability, race, creed, national origin, religion, ancestry, proficiency in English or any other ground that would be unlawful. Admission to GCA is free & open to all students eligible to attend public school in NYC. Students are selected by a random lottery. In short, there will be no admission requirements and no tests of any sort will be given to determine whether or not admission will be granted. Schedule E, Line 4 - Explanation of Records and Materials Not Maintained Schedule E, Line 5 - Explanation of Organization Discrimination by Race Schedule E, Line 6 - Explanation of Aid or Assistance from Governmental Agency SCHOOL RECEIVES VARIOUS GRANTS AND FUNDING FOR CORE PUPIL AID. X false false false false false false false false false DAMIAN MAURICE RHOOMES TEACHER 138292 8017 12569 158878 EVELYN VELEZ Assistant Principal 168337 4100 13663 186100 IRA VICTOR Executive Dir. 503469 14145 3034 520648 JENNIFER BROWN TEACHER 152729 8315 3354 164398 Laura Rizzi Assit Principal 142991 9049 35822 187862 MAUREEN HOWARD Assistant Principal 198928 11137 963 211028 MICHAEL SIMONETTI SEN. DIR. OF BUSINESS AND OPERATION 193635 7231 36144 237010 NATALIA CASTRO Assistant Principal 159608 8869 12569 181046 THEODORE KATSAVOS TEACHER 133585 8407 35822 177814 WAYNE SPARACINO TEACHER 144283 8787 12569 165639 A Build NYC Resource Corp 454040561 12008ESW7 2021-06-15 1765000 School building construction false false false B Build NYC Resource Corp 454040561 12008ESX5 2021-06-15 2175000 School building construction false false false C Build NYC Resource Corp 454040561 12008ESY3 2021-06-15 6305000 School building construction false false false D Build NYC Resource Corp 454040561 12008ESZ0 2021-06-15 10260000 School building construction false false false A 1583089 109254 72657 false false true true B 1950832 134633 89535 false false true true C 5655172 390280 259548 false false true true D 9202547 635095 422358 false false true true A false false false false false false true B false false false false false false true C false false false false false false true D false false false false false false true A true false false true B true false false true C true false false true D true false false true A Build NYC Resource Corp 454040561 12008ETA4 2021-06-15 5730000 School building construction false false false B Build NYC Resource Corp 454040561 12008ETB2 2021-06-15 12000000 School building construction false false false A 5139434 354688 235878 false false true true B 10763213 742801 493986 false false true true A false false false false false false true B false false false false false false true A true false false true B true false false true X 54423 FMV false false false Form 990, Part VI, Section B, Line 11b OUTSIDE AUDITORS PREPARE A DRAFT 990 WHICH IS THEN DISTRIBUTED TO THE SCHOOL'S CHIEF BUSINESS OFFICER AND BOARD TREASURER FOR REVIEW. ANY CHANGES ARE THEN SUBMITTED TO THE AUDITORS AND A REVISED DRAFT SUBMITTED FOR APPROVAL BY THE BOARD TREASURER. THE RETURN IS REVIEWED AND DISCUSSED WITH THE FULL BOARD AND COPIES ARE AVAILABLE FOR EACH BOARD MEMBER. Form 990, Part VI, Section B, Line 12c DESCRIPTION OF PROCESS TO MONITOR TRANSACTIONS FOR CONFLICTS OF INTEREST.A. EACH COVERED PERSON SHALL ANNUALLY SIGN A STATEMENT THAT AFFIRMS THAT SUCH PERSON: 1. HAS RECEIVED A COPY OF THE POLICY. 2. HAS READ AND UNDERSTANDS THE POLICY. 3. HAS AGREED TO COMPLY WITH THE POLICY, AND 4. UNDERSTANDS THAT THE CORPORATION IS A CHARITABLE ORGANIZATION AND THAT IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION AND THE TRUST OF THE PUBLIC IT MUST DILIGENTLY AVOID CONFLICTS OF INTEREST OR THE APPEARANCE OF ANY CONFLICT AND ENGAGE PRIMARILY IN ACTIVITIES THAT ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES.B. THIS POLICY SHALL BE REVIEWED ANNUALLY FOR THE INFORMATION AND GUIDANCE OF COVERED PERSONS, AND ANY NEW COVERED PERSON SHALL BE ADVISED OF THE POLICY UPON BECOMING A COVERED PERSON AND SHALL FILE AN ANNUAL STATEMENT WITH THE CORPORATION.C. TO FURTHER THE PURPOSE OF THE DISCLOSURE PROVISIONS OF THIS POLICY. Form 990, Part VI, Section B, Line 15b A COMMITTEE OF THE BOARD EVALUATES THE PRINCIPAL'S COMPENSATION IN CONJUNCTION WITH INFORMATION AVAILABLE REGARDING COMPARABLE POSITIONS. THE COMMITTEE UTILIZES SALARY INFORMATION FROM OTHER CHARTER SCHOOLS IN IT'S DETERMINATION.OFFICERS AND BOARD MEMBERS DO NOT RECEIVE COMPENSATION.COMPENSATION FOR KEY EMPLOYEES SUCH AS MR. IRA VICTOR, THE SCHOOL PRINCIPAL, IS REVIEWED AND APPROVED BY THE BOARD. Form 990, Part VI, Section C, Line 19 ALL FINANCIAL STATEMENTS AND TAX RETURNS ARE OPEN FOR PUBLIC INSPECTION UPON REQUEST. ALL FINANCIAL STATEMENTS AND TAX RETURNS ARE SUBMITTED TO GRANT-MAKING GOVERNMENT AGENCIES. 625 Bolton LLC 625 Bolton Avenue Bronx NY 10473 830396763 Support another NON-profit organization NY 166854 39808020 GCACS false false false false false false false false false false false false false false false false false false false