Flush with cash

NY charter schools holding $282 million

Audits that New York charter schools file with their authorizers show
the charter industry held $282.3 million in cash and $392.1 million
in unrestricted net assets at the close of fiscal 2013.
More than 80 percent of the states charter schools held, on
a percentage basis, cash in excess of the 4 percent that
traditional school districts are permitted to keep in
reserve. The nearly 200 charters studied had,
on average, 25.3 percent of their
annual budgets in cash reserves
more than six times what regular
public schools are permitted to hold.
Cash held by New York charter schools
grew by nearly $62 million from 2012
to 2013. Unrestricted net assets
which can be used to fund programs
or pay rent grew by $93.6 million,
climbing to $392.1 million in 2013
from $298.5 million in 2012.

Flush with Cash February 2015

2013 Cash Reserves Held By Charter Schools

Charter School
Location
Authorizer
Years
Cash 2013
Expenses 2013 Cash Reserve

Operating
as Percent

of Expenses
1 Roosevelt Childrens Academy CS
2 Academic Leadership NYC
3 Future Leaders CS
4 South Buffalo CS

5
Riverhead CS
6 Metropolitan Lighthouse CS
7 Coney Island Prep CS

8
Elmwood Village CS
9 Brooklyn Charter School
10 Equality Charter School
11 Bronx CS for Children
12 King Center Charter School
13 Enterprise CS
14 Global Concepts CS
15 University Prep CS High School
16 University Prep CS Young Men
17 South Bronx CS Intl Culture Arts
18 Harlem Childrens Zone Academy 2
19 St. Hope Leadership Academy CS
20 Bronx Global Learning Girls
21 Westminster Community CS
22 Icahn CS 1
23 Henry Johnson CS
24 Bronx Community CS

25
Albany Community
26 Bronx Lighthouse CS
27 Girls Prep CS Bronx
28 Ethical Community CS
29 Manhattan CS
30 Genesee Community CS
31 Rochester Academy CS

32
Amber CS
33 Renaissance Charter HS Innovation
34 Leadership Prep Bed Stuy
35 Icahn CS 3
36 Grand Concource CS
37 Excellence Girls CS
38 New Heights Academy CS
39 Harlem Preparatory CS

40
Northside CS
41 Kings Collegiate CS
42 Icahn CS 4

Roosevelt
SUNY
NYC
NYC DOE
NYC
NYC DOE
Buffalo
SUNY
Riverhead
Regents
NYC
NYC DOE
NYC
NYC DOE
Buffalo Regents
NYC
NYC DOE
NYC
NYC DOE
NYC
Regents
Buffalo
SUNY
Buffalo
Buffalo BOE
Lackawanna
Regents
NYC
SUNY
Rochester
SUNY
NYC
NYC DOE
NYC
NYC DOE
NYC
NYC DOE
NYC
NYC DOE
Buffalo
Buffalo BOE
NYC
SUNY
Albany
SUNY
NYC
NYC DOE
Albany SUNY
NYC
NYC DOE
NYC
SUNY
NYC
NYC DOE
NYC
NYC DOE
Rochester
Regents
Rochester
SUNY
NYC SUNY
NYC
NYC DOE
NYC
SUNY
NYC
SUNY
NYC
SUNY
NYC
SUNY
NYC
NYC DOE
NYC
SUNY
NYC Regents
NYC
SUNY
NYC
SUNY

Source: Audits filed with charter authorizers

Flush with Cash Page 2

15
$21,076,355
$9,680,851
217.7%
6
$6,065,232
$3,002,660
202.0%
10
$3,766,224
$2,779,013
135.5%
15
$9,938,470
$7,794,621
127.5%
14 $4,491,699 $3,774,417 119.0%
5
$2,069,225
$2,452,664
84.4%
6
$4,097,246
$4,862,071
84.3%
9 $2,674,696 $3,534,946 75.7%
15
$3,284,861
$4,351,314
75.5%
6
$2,826,399
$3,847,917
73.5%
11
$4,425,231
$6,222,958
71.1%
15
$2,187,198
$3,121,040
70.1%
12
$3,741,060
$5,398,290
69.3%
13
$6,307,935
$9,983,629
63.2%
7
$3,407,465
$5,477,746
62.2%
5
$2,142,045
$3,534,696
60.6%
10
$2,519,868
$4,307,268
58.5%
10
$6,004,008
$10,978,000
54.7%
7
$2,578,338
$4,867,543
53.0%
7
$2,155,658
$4,141,616
52.0%
11
$4,309,900
$8,934,791
48.2%
14
$2,548,218
$5,424,845
47.0%
8
$2,522,490
$5,443,692
46.3%
7
$1,959,730
$4,241,338
46.2%
9 $3,007,574 $6,727,601 44.7%
11
$4,021,441
$9,170,312
43.9%
6
$1,204,704
$2,752,433
43.8%
6
$1,468,506
$3,438,790
42.7%
10
$1,698,847
$4,135,577
41.1%
14
$1,065,848
$2,710,648
39.3%
7
$1,375,028
$3,618,944
38.0%
15 $2,519,071 $6,656,734 37.8%
5
$2,245,419
$5,945,438
37.8%
9
$2,734,919
$7,264,955
37.6%
7
$1,440,371
$3,833,890
37.6%
11
$1,976,554
$5,330,517
37.1%
6
$1,858,133
$5,039,657
36.9%
10
$4,291,462
$12,000,795
35.8%
10
$2,696,431
$7,590,918
35.5%
6 $1,544,842 $4,359,110 35.4%
8
$1,926,024
$5,525,693
34.9%
6
$1,220,597
$3,503,386
34.8%
continued on following page

February 2015

2013 Cash Reserves Held By Charter Schools (continued)

Charter School
Location
Authorizer
Years
Cash 2013
Expenses 2013 Cash Reserve

Operating
as Percent

of Expenses
43 Merrick Academy Queens CS
44 Dr. Richard Izquierdo CS
45 Demcoracy Prep Harlem CS
46 Bronx CS for Excellence
47 Syracuse Academy of Science CS

48
Niagara CS
49 Renaissance Charter School
50 Our World Neighborhood CS
51 Explore Empower CS
52 Community Roots CS
53 Bedford Stuy Collegiate CS
54 Icahn CS 5
55 Bronx Academy of Promise CS
56 Buffalo Academy of Science
57 Staten Island Community CS
58 Aloma Johnson Fruit Belt
59 Opportunity CS
60 Equality Project CS
61 Achievement First East NY

62
Brownsville Collegiate
63 New World Preparatory CS
64 Broome Street Academy CS
65 Urban Choice CS
66 Williamsburg Collegiate CS
67 Hyde Leadership Brooklyn
68 Leadership Prep Ocean Hill

69
Icahn CS2
70 Growing Up Green CS
71 John V. Lindsay Wildcat CS
72 CS for Applied Technologies
73 NYC Charter HS Architecture, Eng
74 Explore CS
75 Western NY Maritime CS
76 KIPP Amp CS
77 Explore Excel CS
78 Bronx Preparatory CS
79 Central Queens Academy CS
80 Bronx CS for the Arts

81
Oracle CS
82 Harlem Childrens Zone Academy
83 KIPP Academy CS
84 Discovery CS

NYC
SUNY
NYC
NYC DOE
NYC
NYC DOE
NYC
SUNY
Syracuse
Regents
Niagara-Wht
Regents
NYC
NYC DOE
NYC
SUNY
NYC
NYC DOE
NYC
NYC DOE
NYC
SUNY
NYC
SUNY
NYC
NYC DOE
Buffalo
Regents
NYC
NYC DOE
Buffalo
Regents
NYC
NYC DOE
NYC
NYC DOE
NYC
NYC DOE
NYC SUNY
NYC
SUNY
NYC
SUNY
Rochester
Regents
NYC
NYC DOE
NYC
NYC DOE
NYC
SUNY
NYC SUNY
NYC
NYC DOE
NYC
NYC DOE
Kenmore
Regents
NYC
NYC DOE
NYC
NYC DOE
Buffalo
Regents
NYC
NYC DOE
NYC
SUNY
NYC
SUNY
NYC
SUNY
NYC
Regents
Buffalo SUNY
NYC
NYC DOE
NYC
NYC DOE
Greece
Regents

Source: Audits filed with charter authorizers

Flush with Cash Page 3

15
$2,365,750
$6,889,772
34.3%
5
$1,255,879
$3,740,082
33.6%
5
$1,747,905
$5,300,394
33.0%
11
$2,673,392
$8,125,863
32.9%
12
$2,432,425
$7,397,828
32.9%
4 $1,255,975 $3,833,503 32.8%
15
$2,768,960
$8,628,043
32.1%
13
$3,270,758
$10,373,044
31.5%
6
$1,584,665
$5,070,816
31.3%
9
$1,504,422
$4,856,230
31.0%
7
$1,447,971
$4,838,796
29.9%
4
$549,895
$1,884,130
29.2%
7
$1,682,241
$5,863,512
28.7%
11
$1,408,768
$4,976,005
28.3%
5
$947,395
$3,355,756
28.2%
7
$1,001,849
$3,614,997
27.7%
11
$2,631,336
$9,566,391
27.5%
6
$1,933,294
$7,125,889
27.1%
10
$2,973,916
$11,046,126
26.9%
6 $1,195,235 $4,496,407 26.6%
5
$1,227,373
$4,657,772
26.4%
4
$1,026,652
$3,912,930
26.2%
10
$1,453,934
$5,579,755
26.1%
10
$1,924,437
$7,397,487
26.0%
5
$905,264
$3,544,451
25.5%
5
$1,082,886
$4,328,935
25.0%
8 $1,261,815 $5,105,379 24.7%
6
$1,381,290
$5,628,140
24.5%
15
$2,033,430
$8,551,247
23.8%
14
$5,707,539
$24,482,649
23.3%
7
$1,329,417
$5,746,031
23.1%
13
$1,753,784
$7,639,416
23.0%
11
$971,821
$4,313,634
22.5%
10
$1,500,939
$6,677,281
22.5%
4
$1,011,962
$4,573,147
22.1%
14
$2,517,559
$11,456,541
22.0%
3
$596,378
$2,798,764
21.3%
12
$1,128,472
$5,351,521
21.1%
10 $1,013,982 $4,858,495 20.9%
11
$3,945,475
$18,974,860
20.8%
15
$2,842,316
$13,689,371
20.8%
4
$439,377
$2,201,120
20.0%
continued on following page

February 2015

2013 Cash Reserves Held By Charter Schools (continued)

Charter School
Location
Authorizer
Years
Cash 2013
Expenses 2013 Cash Reserve

Operating
as Percent

of Expenses
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
121
122
123
124
125
126

True North Rochester Prep CS

CS of Educational Excellence
Lefferts Garden CS
Success Academy Bronx 1
New Visions HS Humanities II
Bronx CS Better Learning
True North Rochester West CS
New Visions HS Humanities
Leadership Prep Brownsville
Achievement First Bushwick
Ocean Hill Collegiate CS
KIPP Tech Valley CS
Roads CS 2
NYC Center for Autism CS
Neighborhood CS Harlem
Teaching Firms of America CS
Community Partnership CS
Excellence Boys Bed Stuy
Williamsburg Charter HS
New Visions HS Math Science II
KIPP Washington Heights
New Roots CS
Inwood Academy Leadership CS
Brooklyn East Collegiate
Success Academy Bronx 2
Heketi Community CS
Mott Hall CS
Invictus Preparatory CS
Tapestry CS
Family Life CS
La Cima CS
Hyde Leadership CS
Manhattan CS 2
Roads CS 1
Fahari Academy CS
Academy CS
Girls Prep CS NY
PAVE Academy CS
Icahn CS 6
True North Troy Prep CS
Beginning With Children CS 2
Beginning With Children

Rochester
Yonkers
NYC
NYC
NYC
NYC
Rochester
NYC
NYC
NYC
NYC
Albany
NYC
NYC
NYC
NYC
NYC
NYC
NYC
NYC
NYC
Ithaca
NYC
NYC
NYC
NYC
NYC
NYC
Buffalo
NYC
NYC
NYC
NYC
NYC
NYC
Hempstead
NYC
NYC
NYC
Troy
NYC
NYC

Source: Audits filed with charter authorizers

Flush with Cash Page 4

SUNY
Regents
NYC DOE
SUNY
Regents
SUNY
SUNY
SUNY
SUNY
SUNY
SUNY
SUNY
SUNY
NYC DOE
Regents
NYC DOE
SUNY
SUNY
NYC DOE
Regents
Regents
SUNY
NYC DOE
SUNY
SUNY
SUNY
Regents
SUNY
SUNY
SUNY
Regents
NYC DOE
SUNY
SUNY
NYC DOE
SUNY
SUNY
NYC DOE
SUNY
SUNY
SUNY
NYC DOE

9
10
5
5
3
12
4
4
6
9
5
10
3
10
3
4
15
11
11
3
3
6
5
5
5
3
3
4
14
14
7
9
3
3
6
6
10
7
3
6
3
14

$1,765,418
$1,845,058
$924,071
$1,035,393
$458,265
$1,354,098
$490,868
$862,846
$862,311
$2,301,394
$557,213
$814,245
$516,300
$478,010
$510,447
$508,949
$961,315
$1,402,517
$2,201,000
$403,559
$258,958
$407,655
$898,575
$529,881
$824,163
$353,026
$278,954
$434,874
$1,460,324
$1,034,935
$675,337
$2,091,481
$234,317
$404,262
$709,261
$988,805
$1,128,016
$697,529
$223,809
$709,752
$244,886
$835,990

$8,865,550
$9,443,429
$4,743,367
$5,317,485
$2,356,847
$7,083,981
$2,611,464
$4,618,023
$4,965,958
$13,529,056
$3,284,302
$4,829,627
$3,068,691
$2,855,648
$3,099,370
$3,095,283
$5,893,998
$8,625,774
$13,700,062
$2,515,714
$1,618,789
$2,581,819
$5,706,229
$3,368,091
$5,298,698
$2,292,452
$1,863,048
$3,009,069
$10,243,262
$7,305,169
$4,822,249
$15,118,591
$1,712,268
$3,064,093
$5,396,508
$7,592,965
$8,704,052
$5,401,971
$1,748,167
$5,597,323
$1,976,711
$6,989,856

19.9%
19.5%
19.5%
19.5%
19.4%
19.1%
18.8%
18.7%
17.4%
17.0%
17.0%
16.9%
16.8%
16.7%
16.5%
16.4%
16.3%
16.3%
16.1%
16.0%
16.0%
15.8%
15.7%
15.7%
15.6%
15.4%
15.0%
14.5%
14.3%
14.2%
14.0%
13.8%
13.7%
13.2%
13.1%
13.0%
13.0%
12.9%
12.8%
12.7%
12.4%
12.0%

continued on following page

February 2015

2013 Cash Reserves Held By Charter Schools (continued)

Charter School
Location
Authorizer
Years
Cash 2013
Expenses 2013 Cash Reserve

Operating
as Percent

of Expenses
127
128
129
130
131
132
133
134
135
136
137
138
139
140
141
142
143
144
145
146
147
148
149
150
151
152
153
154
155
156
157
158
159
160
161
162
163
164
165
166
167
168

Harriet Tubman CS
Rochester Career Mentoring
Democracy Prep CS
Explore Exceed CS
Childrens Aid College Prep CS
Young Womens College Prep
Albany Leadership HS Girls
Eugenio Maria De Hostos CS
Achievement First Brownsville
Harbor Sciences and Arts CS
Tech International CS
Global Community CS
Brooklyn Prospect CS
KIPP Infinity CS
New Visions HS Math Science
New Dawn CS
Hebrew Academy CS
Brighter Choice MS Boys
KIPP Star Prep
Sisulu Walker CS
Urban Dove Team CS
Evergreen CS
East Harlem Scholars Academy CS
Brighter Choice MS Girls
Success Academy Bed Stuy 1
NYC Montessori CS
Summit Academy CS
Mott Haven CS
Peninsula Preparatory CS
Amani CS
Culinary Arts CS Spring Creek
Success Academy Bed Stuy 2
Acacdemy of the City
Brownsville Ascend
Harlem Village Academy CS
Bushwick Ascend CS
West Buffalo CS
Riverton CS
John W. Lavelle Preparatory CS
Brooklyn Ascend CS
Innovate Manhattan CS
New Hope Academy CS

NYC
Rochester
NYC
NYC
NYC
Rochester
Albany
Rochester
NYC
NYC
NYC
NYC
NYC
NYC
NYC
NYC
NYC
Albany
NYC
NYC
NYC
Hempstead
NYC
Albany
NYC
NYC
NYC
NYC
NYC
Mt. Vernon
NYC
NYC
NYC
NYC
NYC
NYC
Buffalo
NYC
NYC
NYC
NYC
NYC

Source: Audits filed with charter authorizers

Flush with Cash Page 5

Regents
Regents
NYC DOE
SUNY
SUNY
Regents
SUNY
SUNY
SUNY
SUNY
SUNY
Regents
SUNY
NYC DOE
SUNY
Regents
NYC DOE
SUNY
Regents
NYC DOE
Regents
Regents
SUNY
SUNY
SUNY
Regents
NYC DOE
NYC DOE
NYC DOE
Regents
NYC DOE
SUNY
SUNY
NYC DOE
SUNY
NYC DOE
Regents
NYC DOE
NYC DOE
NYC DOE
SUNY
SUNY

13
3
9
3
3
3
5
15
7
15
3
3
6
10
4
3
6
5
12
16
3
6
4
5
4
4
6
7
11
4
5
3
4
6
12
5
3
5
6
7
4
5

$1,113,236
$141,500
$1,191,133
$406,548
$277,956
$133,736
$458,750
$500,959
$719,820
$359,279
$258,594
$175,175
$616,119
$1,157,373
$336,500
$178,818
$497,965
$212,912
$716,621
$219,467
$127,223
$274,057
$158,769
$152,615
$171,949
$140,747
$165,229
$197,498
$159,513
$80,703
$101,271
$86,435
$69,334
$254,445
$202,782
$139,445
$47,021
$139,466
$148,785
$253,609
$74,635
$91,738

$10,064,451
$1,285,607
$11,511,406
$3,961,126
$2,731,563
$1,320,885
$4,588,502
$5,467,082
$7,923,698
$4,000,562
$3,028,876
$2,118,531
$7,463,935
$14,154,711
$4,397,572
$2,358,830
$6,663,679
$3,224,584
$10,873,413
$3,580,636
$2,087,714
$4,747,497
$3,259,541
$3,347,217
$3,851,900
$3,415,987
$4,571,759
$5,790,442
$4,785,624
$2,865,030
$3,700,565
$3,250,675
$2,631,711
$10,350,145
$8,581,848
$5,924,710
$2,087,017
$6,303,331
$6,856,523
$12,224,770
$3,615,085
$4,581,645

11.1%
11.0%
10.3%
10.3%
10.2%
10.1%
10.0%
9.2%
9.1%
9.0%
8.5%
8.3%
8.3%
8.2%
7.7%
7.6%
7.5%
6.6%
6.6%
6.1%
6.1%
5.8%
4.9%
4.6%
4.5%
4.1%
3.6%
3.4%
3.3%
2.8%
2.7%
2.7%
2.6%
2.5%
2.4%
2.4%
2.3%
2.2%
2.2%
2.1%
2.1%
2.0%

continued on following page

February 2015

2013 Cash Reserves Held By Charter Schools (continued)

Charter School
Location
Authorizer
Years
Cash 2013
Expenses 2013 Cash Reserve

Operating
as Percent

of Expenses
169
170
171
172
173
174
175
176
177
178
179
180
181
182
183
184

Southside Academy CS
Brooklyn Dreams CS
Brooklyn Scholars CS
Brighter Choice CS Girls
Challenge Preparatory CS
Buffalo United CS
Bedford Stuy New Beginnings
Harlem Village Leadership CS
Brooklyn Excelsior CS
Green Tech CS
Achievement First CrownHeights
New York French American CS
Family Life Academy 2
Brighter Choice CS Boys
Hellenic Classical CS
Achievement First Apollo

Syracuse
NYC
NYC
Albany
NYC
Buffalo
NYC
NYC
NYC
Albany
NYC
NYC
NYC
Albany
NYC
NYC

Regents
SUNY
NYC DOE
Regents
NYC DOE
SUNY
NYC DOE
SUNY
SUNY
SUNY
NYC DOE
Regents
SUNY
Regents
NYC DOE
SUNY

13
5
6
13
5
12
5
10
12
7
10
4
3
13
10
5

$155,617
$94,271
$102,419
$54,676
$67,550
$101,233
$62,891
$92,254
$108,244
$42,996
$70,305
$13,600
$6,343
$6,757
$4,182
$0

$8,969,396
$6,713,634
$7,368,368
$4,494,172
$5,763,036
$8,861,645
$5,762,590
$9,173,335
$10,870,414
$5,268,282
$13,695,740
$3,778,213
$2,233,883
$4,242,637
$5,922,999
$4,995,253

TOTALS $268,654,590 $1,063,794,825

Achievement First Aspire
NYC
SUNY
2
$226,820
Success Academy Crown Heights
NYC
SUNY
2
$241,568
Dream CS
NYC
NYC DOE
7
$565,671
Launch Expeditionary Learning CS
NYC
Regents
3
$501,050
UFT CS
NYC
SUNY
10
$566,309
Democracy Prep Endurance CS
NYC
Regents
3
$678,228
Child Development Center Hamptons Wainscott
SUNY
14
$690,323
International Leadership CS
NYC
NYC DOE
9
$721,677
Citizens of the World CS 1
NYC
SUNY
2
$861,702
Rochdale Early Advantage CS
NYC
NYC DOE
5
$947,216
VOICE CS of New York
NYC
NYC DOE
7
$1,104,143
Harlem Link CS
NYC
SUNY
10
$1,526,171
Success Academy Harlem 4
NYC
SUNY
7
$4,983,066

$282,268,534

Source: Audits filed with charter authorizers

Flush with Cash Page 6

N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A

1.7%
1.4%
1.4%
1.2%
1.2%
1.1%
1.1%
1.0%
1.0%
0.8%
0.5%
0.4%
0.3%
0.2%
0.1%
0.0%
25.3%
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A

continued on following page

February 2015

2012 Cash Reserves Held By Charter Schools

Charter School
Location
Authorizer
Years
Cash 2012
Expenses 2012 Cash Reserve

Operating
as Percent

of Expenses
1 Roosevelt Childrens Academy CS
2 Academic Leadership NYC
3 South Buffalo CS
4 Future Leaders CS

5
Riverhead CS
6 Coney Island Prep CS
7 King Center Charter School
8 University Prep CS Young Men
9 Brooklyn Charter School
10 Bronx Community CS
11 Equality Charter School
12 St. Hope Leadership Academy CS
13 Success Academy Bronx 2
14 Global Concepts CS

15
Elmwood Village CS
16 Success Academy Bronx 1
17 Enterprise CS
18 Bronx CS for Children
19 University Prep CS High School
20 Westminster Community CS
21 Harlem Childrens Zone Academy 2
22 Dr. Richard Izquierdo CS
23 Icahn CS 1
24 Demcoracy Prep Harlem CS
25 Ethical Community CS

26
Albany Community
27 Icahn CS 3
28 Young Womens College Prep
29 Manhattan CS
30 Genesee Community CS
31 Community Roots CS
32 New Heights Academy CS
33 Henry Johnson CS
34 Harlem Preparatory CS
35 Merrick Academy Queens CS
36 Icahn CS 4
37 Brooklyn Prospect CS
38 CS for Applied Technologies
39 South Bronx CS Intl Culture Arts
40 Bronx CS Better Learning
41 Achievement First East NY
42 Icahn CS 5

Roosevelt
SUNY
NYC
NYC DOE
Buffalo
SUNY
NYC
NYC DOE
Riverhead
Regents
NYC
NYC DOE
Buffalo
SUNY
Rochester
SUNY
NYC
NYC DOE
NYC
NYC DOE
NYC
NYC DOE
NYC
NYC DOE
NYC
SUNY
Lackawanna
Regents
Buffalo Regents
NYC
SUNY
Buffalo
Buffalo BOE
NYC
Regents
NYC
SUNY
Buffalo
Buffalo BOE
NYC
NYC DOE
NYC
NYC DOE
NYC
SUNY
NYC
NYC DOE
NYC
NYC DOE
Albany SUNY
NYC
SUNY
Rochester
Regents
NYC
NYC DOE
Rochester
Regents
NYC
NYC DOE
NYC
NYC DOE
Albany
SUNY
NYC
SUNY
NYC
SUNY
NYC
SUNY
NYC
SUNY
Kenmore
Regents
NYC
NYC DOE
NYC
SUNY
NYC
NYC DOE
NYC
SUNY

Source: Audits filed with charter authorizers

Flush with Cash Page 7

15
$18,594,129
$8,181,342
227.3%
6
$4,124,789
$2,492,643
165.5%
15
$10,190,812
$6,840,258
149.0%
10
$2,915,001
$2,123,344
137.3%
14 $4,301,000 $3,255,469 132.1%
6
$2,719,489
$3,530,312
77.0%
15
$1,962,918
$2,625,690
74.8%
5
$1,895,493
$2,609,971
72.6%
15
$2,664,682
$4,035,673
66.0%
7
$1,999,603
$3,106,668
64.4%
6
$2,293,803
$3,648,722
62.9%
7
$2,819,276
$4,636,217
60.8%
5
$1,948,414
$3,216,149
60.6%
13
$5,367,312
$8,960,796
59.9%
9 $1,615,090 $2,726,505 59.2%
5
$1,906,028
$3,339,863
57.1%
12
$2,943,113
$5,270,055
55.8%
11
$3,561,304
$6,510,672
54.7%
7
$2,684,695
$5,173,993
51.9%
11
$4,073,451
$8,031,653
50.7%
10
$4,856,555
$9,717,022
50.0%
5
$1,293,514
$2,773,419
46.6%
14
$2,438,462
$5,334,280
45.7%
5
$1,424,239
$3,302,702
43.1%
6
$1,321,120
$3,070,722
43.0%
9 $2,214,845 $5,211,974 42.5%
7
$1,391,531
$3,301,909
42.1%
3
$82,046
$195,300
42.0%
10
$1,568,632
$3,753,383
41.8%
14
$1,115,789
$2,694,047
41.4%
9
$1,591,727
$3,924,109
40.6%
10
$4,554,671
$11,641,021
39.1%
8
$2,002,965
$5,209,033
38.5%
10
$1,717,691
$4,688,160
36.6%
15
$2,186,775
$6,166,218
35.5%
6
$1,044,509
$2,961,467
35.3%
6
$1,447,935
$4,128,051
35.1%
14
$8,068,053
$23,114,962
34.9%
10
$1,201,723
$3,501,301
34.3%
12
$2,097,736
$6,123,597
34.3%
10
$3,247,673
$9,691,231
33.5%
4
$404,286
$1,224,670
33.0%
continued on following page

February 2015

2012 Cash Reserves Held By Charter Schools (continued)

Charter School
Location
Authorizer
Years
Cash 2012
Expenses 2012 Cash Reserve

Operating
as Percent

of Expenses
43 Urban Choice CS

44
Amber CS
45 Excellence Girls CS
46 Leadership Prep Bed Stuy
47 Our World Neighborhood CS
48 Rochester Academy CS
49 Williamsburg Collegiate CS
50 Grand Concource CS
51 Kings Collegiate CS
52 Bedford Stuy Collegiate CS
53 KIPP Academy CS

54
Icahn CS2
55 Leadership Prep Ocean Hill
56 Western NY Maritime CS
57 Explore Empower CS
58 KIPP Amp CS
59 Brownsville Collegiate
60 Girls Prep CS Bronx
61 Inwood Academy Leadership CS
62 John V. Lindsay Wildcat CS
63 Syracuse Academy of Science CS
64 Aloma Johnson Fruit Belt

65
Oracle CS
66 Achievement First Bushwick
67 Bronx CS for Excellence
68 Broome Street Academy CS
69 New Visions HS Humanities
70 Bronx CS for the Arts
71 KIPP Infinity CS
72 Beginning With Children
73 PAVE Academy CS
74 Excellence Boys Bed Stuy
75 KIPP Tech Valley CS
76 Growing Up Green CS
77 NYC Center for Autism CS
78 Opportunity CS
79 Leadership Prep Brownsville
80 Bronx Academy of Promise CS

81
Harriet Tubman CS
82 Community Partnership CS
83 Achievement First Brownsville
84 Fahari Academy CS

Rochester
Regents
NYC SUNY
NYC
SUNY
NYC
SUNY
NYC
SUNY
Rochester
SUNY
NYC
NYC DOE
NYC
SUNY
NYC
SUNY
NYC
SUNY
NYC
NYC DOE
NYC SUNY
NYC
SUNY
Buffalo
Regents
NYC
NYC DOE
NYC
NYC DOE
NYC
SUNY
NYC
SUNY
NYC
NYC DOE
NYC
NYC DOE
Syracuse
Regents
Buffalo
Regents
Buffalo SUNY
NYC
SUNY
NYC
SUNY
NYC
SUNY
NYC
SUNY
NYC
Regents
NYC
NYC DOE
NYC
NYC DOE
NYC
NYC DOE
NYC
SUNY
Albany
SUNY
NYC
NYC DOE
NYC
NYC DOE
NYC
NYC DOE
NYC
SUNY
NYC
NYC DOE
NYC Regents
NYC
SUNY
NYC
SUNY
NYC
NYC DOE

Source: Audits filed with charter authorizers

Flush with Cash Page 8

10
$1,802,825
$5,519,809
32.7%
15 $2,181,880 $6,774,790 32.2%
6
$1,354,969
$4,234,319
32.0%
9
$2,040,997
$6,381,916
32.0%
13
$3,143,234
$9,898,675
31.8%
7
$1,049,094
$3,341,584
31.4%
10
$2,252,854
$7,218,732
31.2%
11
$1,521,569
$4,928,968
30.9%
8
$1,524,004
$4,999,865
30.5%
7
$1,152,771
$3,901,799
29.5%
15
$3,126,035
$10,902,518
28.7%
8 $1,242,540 $4,520,913 27.5%
5
$843,227
$3,288,151
25.6%
11
$1,074,127
$4,225,382
25.4%
6
$1,004,544
$4,013,516
25.0%
10
$1,464,863
$5,853,241
25.0%
6
$873,947
$3,559,816
24.6%
6
$670,851
$2,733,729
24.5%
5
$831,074
$3,469,111
24.0%
15
$2,017,381
$8,606,495
23.4%
12
$1,622,540
$7,069,864
23.0%
7
$799,858
$3,523,111
22.7%
10 $1,007,212 $4,598,377 21.9%
9
$2,627,772
$12,018,916
21.9%
11
$1,496,784
$7,102,194
21.1%
4
$499,564
$2,375,616
21.0%
4
$502,621
$2,437,425
20.6%
12
$1,121,591
$5,509,090
20.4%
10
$2,244,534
$11,101,315
20.2%
14
$1,354,298
$6,726,865
20.1%
7
$734,614
$3,729,269
19.7%
11
$1,404,988
$7,438,908
18.9%
10
$673,175
$3,736,867
18.0%
6
$791,221
$4,542,415
17.4%
10
$449,926
$2,708,370
16.6%
11
$1,467,262
$9,064,410
16.2%
6
$637,458
$3,986,679
16.0%
7
$731,270
$4,594,233
15.9%
13 $1,371,452 $8,661,931 15.8%
15
$894,497
$5,658,395
15.8%
7
$926,917
$5,889,567
15.7%
6
$563,849
$3,618,962
15.6%
continued on following page

February 2015

2012 Cash Reserves Held By Charter Schools (continued)

Charter School
Location
Authorizer
Years
Cash 2012
Expenses 2012 Cash Reserve

Operating
as Percent

of Expenses
85 Explore CS
86 Discovery CS
87 New Visions HS Math Science
88 New Roots CS
89 True North Rochester Prep CS
90 Staten Island Community CS
91 New World Preparatory CS
92 Peninsula Preparatory CS
93 Brooklyn East Collegiate
94 Family Life CS

95
Tapestry CS
96 La Cima CS
97 Hellenic Classical CS
98 Summit Academy CS
99 Lefferts Garden CS
100 Hyde Leadership CS
101 Eugenio Maria De Hostos CS
102 Explore Excel CS
103 Brighter Choice CS Girls
104 Harbor Sciences and Arts CS
105 Amani CS
106 Ocean Hill Collegiate CS
107 Innovate Manhattan CS
108 Democracy Prep CS
109 True North Rochester West CS
110 KIPP Star Prep
111 Harlem Childrens Zone Academy
112 Brighter Choice CS Boys
113 Equality Project CS
114 Teaching Firms of America CS
115 Hebrew Academy CS
116 Bushwick Ascend CS
117 Evergreen CS
118 Mott Haven CS
119 Girls Prep CS NY
120 Brighter Choice MS Boys
121 True North Troy Prep CS
122 Green Tech CS
123 Achievement First Apollo
124 Brighter Choice MS Girls
125 Success Academy Bed Stuy 1
126 NYC Montessori CS

NYC
NYC DOE
Greece
Regents
NYC
SUNY
Ithaca
SUNY
Rochester
SUNY
NYC
NYC DOE
NYC
SUNY
NYC
NYC DOE
NYC
SUNY
NYC
SUNY
Buffalo SUNY
NYC
Regents
NYC
NYC DOE
NYC
NYC DOE
NYC
NYC DOE
NYC
NYC DOE
Rochester
SUNY
NYC
SUNY
Albany
Regents
NYC
SUNY
Mt. Vernon
Regents
NYC
SUNY
NYC
SUNY
NYC
NYC DOE
Rochester
SUNY
NYC
Regents
NYC
NYC DOE
Albany
Regents
NYC
NYC DOE
NYC
NYC DOE
NYC
NYC DOE
NYC
NYC DOE
Hempstead
Regents
NYC
NYC DOE
NYC
SUNY
Albany
SUNY
Troy
SUNY
Albany
SUNY
NYC
SUNY
Albany
SUNY
NYC
SUNY
NYC
Regents

Source: Audits filed with charter authorizers

Flush with Cash Page 9

13
$1,208,248
$7,755,176
15.6%
4
$309,970
$2,019,091
15.4%
4
$343,752
$2,255,327
15.2%
6
$344,559
$2,285,517
15.1%
9
$1,104,306
$7,467,083
14.8%
5
$355,629
$2,444,398
14.5%
5
$453,438
$3,121,576
14.5%
11
$689,771
$4,795,503
14.4%
5
$355,774
$2,490,746
14.3%
14
$1,000,357
$7,006,094
14.3%
14 $1,340,871 $9,561,787 14.0%
7
$635,917
$4,586,962
13.9%
10
$750,335
$5,681,101
13.2%
6
$484,477
$3,680,104
13.2%
5
$501,537
$3,925,268
12.8%
9
$1,697,564
$13,950,819
12.2%
15
$631,956
$5,276,684
12.0%
4
$435,413
$3,730,822
11.7%
13
$503,152
$4,517,749
11.1%
15
$430,254
$3,886,448
11.1%
4
$228,931
$2,165,277
10.6%
5
$261,204
$2,561,674
10.2%
4
$226,851
$2,238,289
10.1%
9
$945,208
$9,379,785
10.1%
4
$163,756
$1,684,906
9.7%
12
$778,068
$8,388,568
9.3%
11
$1,904,582
$20,667,921
9.2%
13
$348,193
$4,345,256
8.0%
6
$415,581
$5,672,577
7.3%
4
$208,531
$3,139,393
6.6%
6
$357,176
$5,387,227
6.6%
5
$254,490
$4,102,860
6.2%
6
$218,987
$3,698,214
5.9%
7
$272,747
$4,959,836
5.5%
10
$373,441
$7,617,918
4.9%
5
$75,759
$1,759,926
4.3%
6
$152,602
$4,357,769
3.5%
7
$164,287
$5,335,946
3.1%
5
$113,152
$3,830,272
3.0%
5
$58,691
$2,053,387
2.9%
4
$91,535
$3,230,721
2.8%
4
$58,723
$2,090,510
2.8%
continued on following page

February 2015

2012 Cash Reserves Held By Charter Schools (continued)

Charter School
Location
Authorizer
Years
Cash 2012
Expenses 2012 Cash Reserve

Operating
as Percent

of Expenses
127
128
129
130
131
132
133
134
135
136
137
138
139
140
141
142
143
144
145

Culinary Arts CS Spring Creek

Brownsville Ascend
Albany Leadership HS Girls
Acacdemy of the City
Brooklyn Dreams CS
Bedford Stuy New Beginnings
Invictus Preparatory CS
Academy CS
New York French American CS
Brooklyn Excelsior CS
Sisulu Walker CS
Williamsburg Charter HS
Buffalo United CS
Brooklyn Ascend CS
Achievement First CrownHeights
Challenge Preparatory CS
New Hope Academy CS
Northside CS
Rochester Career Mentoring

NYC
NYC
Albany
NYC
NYC
NYC
NYC
Hempstead
NYC
NYC
NYC
NYC
Buffalo
NYC
NYC
NYC
NYC
NYC
Rochester

NYC DOE
NYC DOE
SUNY
SUNY
SUNY
NYC DOE
SUNY
SUNY
Regents
SUNY
NYC DOE
NYC DOE
SUNY
NYC DOE
NYC DOE
NYC DOE
SUNY
Regents
Regents

5
6
5
4
5
5
4
6
4
12
16
11
12
7
10
5
5
6
3

$77,812
$169,005
$102,938
$55,514
$122,829
$95,275
$47,842
$80,085
$32,932
$122,626
$45,007
$162,386
$83,099
$94,624
$89,044
$16,284
$17,914
$8,511
-$991

$2,828,392
$6,180,495
$3,909,506
$2,176,258
$5,744,304
$4,618,621
$2,419,719
$6,938,295
$2,937,392
$10,971,531
$4,241,369
$16,117,676
$8,869,812
$10,285,439
$13,237,393
$3,418,175
$3,810,393
$4,210,155
$193,288

TOTALS $205,621,579 $768,725,381

UFT CS
NYC
SUNY
10
$121,419
N/A
Child Development Center Hamptons Wainscott
SUNY
14
$188,036
N/A
Dream CS
NYC
NYC DOE
7
$108,017
N/A
Achievement First Aspire
NYC
SUNY
2
you
N/A
Rochdale Early Advantage CS
NYC
NYC DOE
5
$550,961
N/A
VOICE CS of New York
NYC
NYC DOE
7
$776,035
N/A
International Leadership CS
NYC
NYC DOE
9
$895,309
N/A
Metropolitan Lighthouse CS
NYC
NYC DOE
5
$914,303
N/A
Harlem Link CS
NYC
SUNY
10
$1,792,955
N/A
Bronx Preparatory CS
NYC
SUNY
14
$1,937,296
N/A
Bronx Lighthouse CS
NYC
NYC DOE
11
$7,636,301
N/A

$220,542,211

Source: Audits filed with charter authorizers

Flush with Cash Page 10

2.8%
2.7%
2.6%
2.6%
2.1%
2.1%
2.0%
1.2%
1.1%
1.1%
1.1%
1.0%
0.9%
0.9%
0.7%
0.5%
0.5%
0.2%
-0.5%
26.7%
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A

continued on following page

February 2015

Unrestricted Net Assets Held By Charter Schools

Charter School
Location
Authorizer
Years

Operating

Academic Leadership NYC
Academy CS
Acacdemy of the City
Achievement First Apollo
Achievement First Aspire
Achievement First Brownsville
Achievement First Bushwick
Achievement First CrownHeights
Achievement First East NY
Achievement First Linden
Achievement First North Brooklyn
Albany Community
Albany Leadership HS Girls
Aloma Johnson Fruit Belt
Amani CS
Amber CS
American Dream
Bedford Stuy Collegiate CS
Bedford Stuy New Beginnings
Beginning With Children
Beginning With Children CS 2
Boys Prep CS New York
Brighter Choice MS Boys
Brighter Choice MS Girls
Brighter Choice CS Boys
Brighter Choice CS Girls
Brilla College Prep CS
Bronx Academy of Promise CS
Bronx CS Better Learning
Bronx CS for Children
Bronx CS for Excellence
Bronx CS for the Arts
Bronx Community CS
Bronx Global Learning Girls
Bronx Lighthouse CS
Bronx Preparatory CS
Brooklyn Ascend CS
Brooklyn Charter School
Brooklyn Dreams CS
Brooklyn East Collegiate
Brooklyn Excelsior CS
Brooklyn Laboratory
Brooklyn Prospect CS
Brooklyn Scholars CS

NYC
Hempstead
NYC
NYC
NYC
NYC
NYC
NYC
NYC
NYC
NYC
Albany
Albany
Buffalo
Mt. Vernon
NYC
NYC
NYC
NYC
NYC
NYC
NYC
Albany
Albany
Albany
Albany
NYC
NYC
NYC
NYC
NYC
NYC
NYC
NYC
NYC
NYC
NYC
NYC
NYC
NYC
NYC
NYC
NYC
NYC

Source: Audits filed with charter authorizers

Flush with Cash Page 1

11

NYC DOE
SUNY
SUNY
SUNY
SUNY
SUNY
SUNY
NYC DOE
NYC DOE
NYC DOE
SUNY
SUNY
SUNY
Regents
Regents
SUNY
Regents
SUNY
NYC DOE
NYC DOE
SUNY
SUNY
SUNY
SUNY
Regents
Regents
Regents
NYC DOE
SUNY
Regents
SUNY
Regents
NYC DOE
NYC DOE
NYC DOE
SUNY
NYC DOE
NYC DOE
SUNY
SUNY
SUNY
Regents
SUNY
NYC DOE

Unrestricted
Net Assets
2013

Unrestricted
Net Assets
2012

6
$6,141,325
$4,275,509
6
$881,471
$605,174
4
$240,668
$61,575
5
$360,841
$150,845
2
$5,417,521
$5,231,898
7
$946,458
$949,430
9
$2,661,057
$2,485,656
10
$1,641,013
$770,739
10
$3,496,111
$3,604,377
1
1
9
$3,482,975
$2,737,481
5
$840,985
$350,144
7
$989,081
$735,902
4
$1,088,516
$306,154
15
$3,833,028
$3,466,889
1
7
$1,677,419
$1,189,100
5
-$1,201,927
-$613,559
14
$2,271,179
$2,340,116
3
$249,005
1
5
$367,280
$1,071,627
5
$124,768
$857,344
13
-$882,643
-$968,175
13
-$747,128
-$671,247
2
7
$2,067,975
$1,379,696
12
$1,124,149
$1,972,468
11
$4,126,586
$3,208,559
11
$1,660,355
$1,138,763
12
$669,534
$606,661
7
$3,021,046
$2,217,629
7
$2,100,823
11
$5,829,066
$5,792,650
14
$19,874,542
$19,869,797
7
-$2,986,470
-$1,316,338
15
$2,722,185
$2,512,896
5
$42,993
$73,556
5
$675,444
$610,088
12
$123,300
$150,883
1
6
$2,432,899
$2,542,488
6
$27,410
continued on following page

February 2015

Unrestricted Net Assets Held By Charter Schools (continued)

Charter School
Location
Authorizer
Years

Operating

Brooklyn Urban Garden CS
Broome Street Academy CS
Brownsville Ascend
Brownsville Collegiate
Buffalo Academy of Science
Buffalo United CS
Bushwick Ascend CS
Canarsie Ascend CS
Central Queens Academy CS
Challenge Preparatory CS
Charter HS for Law and Social Justice
CS for Applied Technologies
CS of Educational Excellence
Charter School of Inquiry
Child Development Center Hamptons
Childrens Aid College Prep CS
Citizens of the World CS 1
Citizens of the World CS 2
Collegiate Academy for Math/Person
Community Partnership CS
Community Roots CS
Compass CS
Coney Island Prep CS
Culinary Arts CS Spring Creek
Democracy Prep CS
Demcoracy Prep Harlem CS
Democracy Prep Endurance CS
Discovery CS
Dr. Richard Izquierdo CS
Dream CS
East Harlem Scholars Academy CS
East Harlem Scholars Academy 2
Elmwood Village CS
Enterprise CS
Equality Charter School
Equality Project CS
Ethical Community CS
Eugenio Maria De Hostos CS
Evergreen CS
Excellence Boys Bed Stuy
Excellence Girls CS
Explore CS
Explore Empower CS
Explore Enrich

NYC
NYC
NYC
NYC
Buffalo
Buffalo
NYC
NYC
NYC
NYC
NYC
Kenmore
Yonkers
Buffalo
Wainscott
NYC
NYC
NYC
NYC
NYC
NYC
NYC
NYC
NYC
NYC
NYC
NYC
Greece
NYC
NYC
NYC
NYC
Buffalo
Buffalo
NYC
NYC
NYC
Rochester
Hempstead
NYC
NYC
NYC
NYC
NYC

Source: Audits filed with charter authorizers

Flush with Cash Page 12

Regents
SUNY
NYC DOE
SUNY
Regents
SUNY
NYC DOE
SUNY
SUNY
NYC DOE
Regents
Regents
Regents
Regents
SUNY
SUNY
SUNY
SUNY
Regents
SUNY
NYC DOE
Regents
NYC DOE
NYC DOE
NYC DOE
NYC DOE
Regents
Regents
NYC DOE
NYC DOE
SUNY
SUNY
Regents
Buffalo BOE
NYC DOE
NYC DOE
NYC DOE
SUNY
Regents
SUNY
SUNY
NYC DOE
NYC DOE
SUNY

Unrestricted
Net Assets
2013

Unrestricted
Net Assets
2012

2
4
$1,606,244
$838,911
6
$1,284,605
$1,112,609
6
$1,522,970
$1,163,948
11
$1,877,905
12
$26,005
$7,869
5
$605,557
-$226,281
2
3
$788,312
5
-$69,956
$272,692
0
14
$9,474,397
$10,501,217
10
$1,302,374
0
14
$1,118,254
$627,099
3
$734,564
2
$471,505
2
0
15
$4,057,686
$3,321,748
9
$2,920,239
$2,945,255
1
6
$4,245,887
$2,715,418
5
-$134,626
$101,170
9
$1,813,887
$1,658,798
5
$1,514,537
$1,461,591
3
$530,623
4
$435,833
$131,208
5
$1,610,128
$1,564,103
7
$1,289,163
$1,392,149
4
$390,229
2
9
$3,158,112
$2,388,943
12
$4,089,973
$3,535,247
6
$2,614,326
$2,161,745
6
$3,901,991
$2,692,201
6
$1,659,050
$1,347,656
15
$1,276,691
$1,273,098
6
$600,963
$619,665
11
$1,433,262
$1,564,878
6
$2,221,030
$1,687,914
13
$1,362,602
$1,217,568
6
$1,536,135
$1,001,730
0
continued on following page

February 2015

Unrestricted Net Assets Held By Charter Schools (continued)

Charter School
Location
Authorizer
Years

Operating

Explore Envision CS
Explore Exceed CS
Explore Excel CS
Fahari Academy CS
Family Life CS
Family Life Academy 2
Family Life Academy 3
Future Leaders CS
Genesee Community CS
Girls Prep CS Bronx
Girls Prep CS NY
Global Community CS
Global Concepts CS
Grand Concource CS
Great Oaks CS
Green Tech CS
Growing Up Green CS
Harbor Sciences and Arts CS
Harlem Childrens Zone Academy
Harlem Childrens Zone Academy 2
Harlem Hebrew Language Academy
Harlem Link CS
Harlem Preparatory CS
Harlem Village Academy CS
Harlem Village Leadership CS
Harriet Tubman CS
Health Sciences CS
Hebrew Academy CS
Heketi Community CS
Hellenic Classical CS
Henry Johnson CS
Hyde Leadership CS
Hyde Leadership Brooklyn
Icahn CS 1
Icahn CS2
Icahn CS 3
Icahn CS 4
Icahn CS 5
Icahn CS 6
Icahn CS 7
Imagine Me Leadership CS
Innovate Manhattan CS
International Leadership CS
Invictus Preparatory CS

NYC
NYC
NYC
NYC
NYC
NYC
NYC
NYC
Rochester
NYC
NYC
NYC
Lackawanna
NYC
NYC
Albany
NYC
NYC
NYC
NYC
NYC
NYC
NYC
NYC
NYC
NYC
Buffalo
NYC
NYC
NYC
Albany
NYC
NYC
NYC
NYC
NYC
NYC
NYC
NYC
NYC
NYC
NYC
NYC
NYC

Source: Audits filed with charter authorizers

Flush with Cash Page 13

SUNY
SUNY
SUNY
NYC DOE
SUNY
SUNY
SUNY
NYC DOE
Regents
SUNY
SUNY
Regents
Regents
SUNY
Regents
SUNY
NYC DOE
SUNY
NYC DOE
NYC DOE
Regents
SUNY
SUNY
SUNY
SUNY
Regents
Regents
NYC DOE
SUNY
NYC DOE
SUNY
NYC DOE
NYC DOE
SUNY
SUNY
SUNY
SUNY
SUNY
SUNY
SUNY
NYC DOE
SUNY
NYC DOE
SUNY

Unrestricted
Net Assets
2013

Unrestricted
Net Assets
2012

0
3
$608,179
4
$1,324,497
$724,041
6
$777,169
$1,010,727
14
$1,178,594
$1,028,414
3
-$26,196
1
10
$2,779,013
$2,123,344
14
$1,920,319
$1,864,943
6
$1,158,496
$520,522
10
$1,059,559
$227,569
3
$321,247
13
$6,203,136
$5,371,920
11
$2,726,984
$2,111,226
2
7
$112,195
$294,596
6
$1,766,779
$1,049,386
15
$136,775
$293,404
11
$3,909,434
$2,591,680
10
$5,866,022
$4,457,656
2
10
$1,463,895
$1,712,422
10
$4,778,977
$4,279,810
12
$1,625,769
10
$1,292,378
13
$1,157,874
$979,179
5
6
$87,482
$98,070
3
$474,155
10
$2,914,982
$2,661,234
8
$2,630,841
$2,178,795
9
$5,498,558
$5,065,796
5
$1,094,156
14
$1,722,397
$1,776,573
8
$848,284
$919,246
7
$1,374,255
$1,061,334
6
$1,179,443
$1,125,279
4
$537,285
$299,844
3
$493,179
2
5
4
$493,768
$604,508
9
$1,597,524
$1,155,546
4
$415,570
$231,058
continued on following page

February 2015

Unrestricted Net Assets Held By Charter Schools (continued)

Charter School
Location
Authorizer
Years

Operating

Inwood Academy Leadership CS
John V. Lindsay Wildcat CS
John W. Lavelle Preparatory CS
King Center Charter School
Kings Collegiate CS
KIPP Academy CS
KIPP Amp CS
KIPP Infinity CS
KIPP Washington Heights
KIPP Star Prep
KIPP Tech Valley CS
La Cima CS
Launch Expeditionary Learning CS
Leadership Prep Bed Stuy
Leadership Prep Brownsville
Leadership Prep Canarsie
Leadership Prep Ocean Hill
Lefferts Garden CS
Manhattan CS
Manhattan CS 2
Math, Engineering Science CS
Merrick Academy Queens CS
Metropolitan Lighthouse CS
Middle Village Prep CS
Mott Hall CS
Mott Haven CS
Neighborhood CS Harlem
New American Academy
New Dawn CS
New Heights Academy CS
New Hope Academy CS
New Roots CS
New Visions HS Math Science
New Visions HS Math Science II
New Visions HS Math Science III
New Visions HS Math Science IV
New Visions HS Humanities
New Visions HS Humanities II
New Visions HS Humanities III
New Visions HS Humanities IV
New World Preparatory CS
NYC Center for Autism CS
NYC Charter HS Architecture, Eng
NYC Montessori CS

NYC
NYC
NYC
Buffalo
NYC
NYC
NYC
NYC
NYC
NYC
Albany
NYC
NYC
NYC
NYC
NYC
NYC
NYC
NYC
NYC
NYC
NYC
NYC
NYC
NYC
NYC
NYC
NYC
NYC
NYC
NYC
Ithaca
NYC
NYC
NYC
NYC
NYC
NYC
NYC
NYC
NYC
NYC
NYC
NYC

Source: Audits filed with charter authorizers

Flush with Cash Page 14

NYC DOE
NYC DOE
NYC DOE
SUNY
SUNY
NYC DOE
NYC DOE
NYC DOE
Regents
Regents
SUNY
Regents
Regents
SUNY
SUNY
SUNY
SUNY
NYC DOE
NYC DOE
SUNY
Regents
SUNY
NYC DOE
SUNY
Regents
NYC DOE
Regents
Regents
Regents
NYC DOE
SUNY
SUNY
SUNY
Regents
Regents
Regents
SUNY
Regents
Regents
Regents
SUNY
NYC DOE
NYC DOE
Regents

Unrestricted
Net Assets
2013

Unrestricted
Net Assets
2012

5
$1,121,379
$1,039,627
15
$2,964,415
$2,758,362
6
-$478,444
15
$1,883,796
$1,688,660
8
$2,221,113
$1,857,500
15
$4,537,306
$4,295,560
10
$2,230,580
$1,907,004
10
$3,347,026
$3,180,517
3
$504,156
12
$2,318,221
$1,908,317
10
$1,222,590
$1,331,174
7
$1,923,734
$1,902,670
3
$840,670
9
$2,984,744
$2,477,354
6
$1,548,705
$1,207,320
2
5
$1,627,765
$1,405,320
5
$727,210
$650,743
10
$2,949,162
$2,907,239
3
$215,159
2
15
$2,507,382
$2,316,496
5
$2,243,076
$1,056,794
2
3
$519,303
7
-$271,612
$1,800
3
$795,147
2
3
$615,448
10
$7,730,797
$7,507,116
5
$184,805
$108,785
6
$857,806
$804,640
4
$276,163
$440,075
3
$300,077
2
0
4
$787,875
$557,332
3
$360,553
2
0
5
$1,234,758
$880,981
10
$2,318,294
$2,097,214
7
$1,673,484
4
-$49,387
$232,356
continued on following page

February 2015

Unrestricted Net Assets Held By Charter Schools (continued)

Charter School
Location
Authorizer
Years

Operating

New York French American CS
Newburgh Preparatory CS
Niagara CS
Northside CS
Ocean Hill Collegiate CS
Opportunity CS
Oracle CS
Our World Neighborhood CS
PAVE Academy CS
Peninsula Preparatory CS
PUC Achieve CS
Renaissance Academy CS of the Arts
Renaissance Charter HS Innovation
Renaissance Charter School
Riverhead CS
Riverton CS
Roads CS 1
Roads CS 2
Rochdale Early Advantage CS
Rochester Academy CS
Rochester Career Mentoring
Rochester Preparatory Academy 3
Roosevelt Childrens Academy CS
Rosalyn Yalow CS
Sisulu Walker CS
South Bronx CS Intl Culture Arts
South Bronx Classical CS
South Bronx Classical CS II
South Bronx Early College Academy
South Buffalo CS
Southside Academy CS
St. Hope Leadership Academy CS
Staten Island Community CS
Success Academy Bed Stuy 1
Success Academy Bed Stuy 2
Success Academy Bensonhurst
Success Academy Bergen Beach
Success Academy Bronx 1
Success Academy Bronx 2
Success Academy Bronx 3
Success Academy Bronx 4
Success Academy Cobble Hill
Success Academy Crown Heights
Success Academy Fort Greene

NYC
Newburgh
Niagara-Wht
NYC
NYC
NYC
Buffalo
NYC
NYC
NYC
Rochester
Greece
NYC
NYC
Riverhead
NYC
NYC
NYC
NYC
Rochester
Rochester
Rochester
Roosevelt
NYC
NYC
NYC
NYC
NYC
NYC
Buffalo
Syracuse
NYC
NYC
NYC
NYC
NYC
NYC
NYC
NYC
NYC
NYC
NYC
NYC
NYC

Source: Audits filed with charter authorizers

Flush with Cash Page 15

Regents
Regents
Regents
Regents
SUNY
NYC DOE
SUNY
SUNY
NYC DOE
NYC DOE
SUNY
Regents
NYC DOE
NYC DOE
Regents
NYC DOE
SUNY
SUNY
NYC DOE
SUNY
Regents
SUNY
SUNY
Regents
NYC DOE
NYC DOE
NYC DOE
Regents
Regents
SUNY
Regents
NYC DOE
NYC DOE
SUNY
SUNY
SUNY
SUNY
SUNY
SUNY
SUNY
SUNY
SUNY
SUNY
SUNY

Unrestricted
Net Assets
2013

Unrestricted
Net Assets
2012

4
-$432,866
$30,500
2
4
$1,571,077
6
$1,750,480
-$7,493
5
$570,741
$537,331
11
$2,049,872
$1,668,390
10
$1,670,858
$1,560,951
13
$6,251,021
$6,017,885
7
$949,698
$836,051
11
$312,031
$306,863
1
1
5
$1,822,246
15
$2,982,568
14
$4,303,856
$3,492,498
5
$98,715
3
$351,569
3
$552,797
5
$1,066,489
$766,464
7
$1,157,790
$1,157,790
3
$235,434
$75,462
0
15
$27,341,497
$24,308,686
0
16
$43,888
-$4,256
10
$2,987,858
$2,068,415
9
2
0
15
$14,956,644
$13,702,929
13
$102,292
7
$3,085,097
$2,789,144
5
$1,171,703
$584,562
4
-$35,976
$98,536
3
$8,489
1
1
5
$1,955,252
$1,928,764
5
$1,995,600
$1,748,761
2
1
3
-$112,233
2
2
continued on following page

February 2015

Unrestricted Net Assets Held By Charter Schools (continued)

Charter School
Location
Authorizer
Years

Operating

Unrestricted
Net Assets
2013

Unrestricted
Net Assets
2012

Success Academy Harlem 1

NYC
SUNY
9
Success Academy Harlem 2
NYC
SUNY
7
Success Academy Harlem 3 ****
NYC
SUNY
7
$20,149,502
Success Academy Harlem 4
NYC
SUNY
7
Success Academy Harlem 5
NYC
SUNY
5
Success Academy Hells Kitchen
NYC
SUNY
2
Success Academy Prospect Heights
NYC
SUNY
2
Success Academy Rosedale
NYC
SUNY
1
SUNY
1
Success Academy Springfield Gardens NYC
NYC
SUNY
2
Success Academy Union Square
NYC
SUNY
4
Success Academy Upper West
Success Academy Wash Heights
NYC
SUNY
1
Success Academy Williamsburg
NYC
SUNY
3
NYC
NYC DOE
6
$992,167
$1,377,124
Summit Academy CS
Syracuse Academy of Science CS
Syracuse
Regents
12
$3,520,822
$3,003,915
Tapestry CS
Buffalo
SUNY
14
$1,307,499
$1,332,148
Teaching Firms of America CS
NYC
NYC DOE
4
$716,420
$352,882
Tech International CS
NYC
SUNY
3
$278,832
Rochester
SUNY
9
$2,754,702
$2,156,520
True North Rochester Prep CS
True North Rochester West CS
Rochester
SUNY
4
$660,771
$194,254
True North Troy Prep CS
Troy
SUNY
6
$1,157,780
$769,240
UFT CS
NYC
SUNY
10
$949,635
-$1,381,119
United Prep CS Brooklyn
NYC
Regents
2
University Prep CS High School
NYC
SUNY
7
$3,465,219
$3,081,838
University Prep CS Young Men
Rochester
SUNY
5
$2,277,099
$835,481
Urban Choice CS
Rochester
Regents
10
$2,335,681
$2,667,843
Urban Dove Team CS
NYC
Regents
3
-$126,321
Utica Academy of Science CS
Utica
Regents
2
Vertus CS
Rochester Regents
1
VOICE CS of New York
NYC
NYC DOE
7
$1,552,444
$900,012
West Buffalo CS
Buffalo
Regents
3
$328,288
Western NY Maritime CS
Buffalo
Regents
11
$1,041,702
$1,256,211
Westminster Community CS
Buffalo
Buffalo BOE
11
$4,204,242
$5,567,825
Williamsburg Ascend CS
NYC
SUNY
1
Williamsburg Charter HS
NYC
NYC DOE
11
$255,074
-$2,148,021
Williamsburg Collegiate CS
NYC
NYC DOE
10
$3,134,295
$2,933,764
Young Womens College Prep
Rochester
Regents
3
$323,050
$45,585

Totals
$392,127,587
$298,463,977

Flush with Cash Page 16

February 2015