2024-03-20T11:32:40-05:00 2022-06-30 812950760 SAX LLP 1040 AVENUE OF THE AMERICAS 16TH FLOOR NEW YORK NY 10018 990 2022-01-01 800789207 ARETE EDUCATION INC ARET 9179858980 557 GRAND CONCOURSE SUITE 3 140 BRONX NY 10451 SARAH BENIS SCHEIER-DOLBERG EXECUTIVE DIRECTOR 9179858980 2024-03-20 1 SARAH BENIS SCHEIER-DOLBER 999009999 0 MIKE SCHALL P02024184 2122682804 2024-03-18 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z SARAH BENIS SCHEIER-DOLBE 557 GRAND CONCOURSE SUITE 3 140 BRONX NY 10451 692847 0 X WWW.ARETEEDUCATION.ORG X 2012 NY ARETE EDUCATION, INC. TRAINS AND EMPOWERS YOUTHS TO LEAD SUCCESSFUL LIVES, BY PARTNERING WITH LOCAL SCHOOLS AND COMMUNITY GROUPS TO GROW INVESTMENT IN MOTT HAVEN YOUTHS. 7 7 74 30 0 0 1681171 655312 0 0 0 0 130 37535 1681301 692847 0 0 0 0 1181236 452019 0 0 27232 739717 206206 1920953 658225 -239652 34622 552003 619163 141388 173926 410615 445237 X ARETE EDUCATION, IMC. IS A 501(C)3 NOT FOR PROFIT ORGANIZATION THAT TRAINS AND EMPOWERS YOUTH TO LEAD SUCCESSFUL LIVES, BY PARTNERING WITH LOCAL SCHOOLS AND COMMUNITY GROUPS TO GROW INVESTMENT IN MOTT HAVEN YOUTHS. ARETE DESIGNS AFTERSCHOOL AND SUMMER PROGRAMMING THAT EXPOSES YOUTHS TO DIVERSE CAREER PATHWAYS; BUILDS ACADEMIC, WELLNESS AND LEADERSHIP SKILLS; AND EXPANDS ACCESS TO THE ARTS AND CULTURE. FOR MORE INFORMATION, PLEASE VISIT WWW.ARETEEDUCATION.ORG. 0 0 468155 SEE SCHEDULE OARET EDUCATION TRAINS AND EMPOWERS YOUTH TO LEAD SUCCESSFUL LIVES BY GETTING STUDENTS INTO GOOD COLLEGES, GOOD JOBS, AND HEALTHY MINDSETS. ARETE CLOSES THE EXPERIENCE WITH AN ADDITIONAL 500 HOURS OF ACADEMIC AND ENRICHMENT EXPERIENCES AND ACCESS TO: BOOKS AND COMPUTERS, HEALTHY MEALS, STRUCTURED EXERCISE, SOCIAL EMOTIONAL LEARNING, PAID INTERNSHIPS, FINANCIAL LIFE SKILLS, MENTORSHIP, AND TRIPS TO CULTURAL INSTITUTIONS.ARETE'S CORE YOUTH DEVELOPMENT SERVICES INCLUDE: (1) EXPANDED DAY FOR MIDDLE SCHOOL STUDENTS; (2) SUMMER BRIDGE INTEGRATED ARTS AND ACADEMICS INTENSIVE ALL-DAY, FIVE-WEEK PROGRAM; (3) COLLEGE BRIDGE HIGH SCHOOL CREDIT ACCELERATION AND PAID INTERNSHIP FIVE-WEEK PROGRAM; (4) WORK-BASED LEARNING AND PAID INTERNSHIPS IN TEACHING, STEM, AND THE ARTS; (5) INTEGRATED COLLEGE ACCESS SERVICES; AND (6) YEAR ROUND SERVICE LEARNING AND LEADERSHIP YOUTH DEVELOPMENT.ARETE EDUCATION PLAYS A VITAL ROLE IN THE MOTT HAVEN SECTION OF THE SOUTH BRONX, PROVIDING WRAPAROUND SUPPORT SERVICES TO 750 STUDENTS AND FAMILIES YEARLY. THIS COMMUNITY REPRESENTS SOME OF THE MOST VULNERABLE POPULATIONS IN NEW YORK STATE. IT HAS DISPROPORTIONALLY HIGH ASTHMA RATES AND OTHER PROBLEMATIC HEALTH INDICATORS THAT MADE IT ESPECIALLY SUSCEPTIBLE TO THE COVID-19 PANDEMIC. AN ESTIMATED 29% OF MOTT HAVEN RESIDENTS LIVE IN POVERTY, COMPARED TO 20% OF NYC RESIDENTS.THE DEMOGRAPHICS OF OUR CLIENTS INCLUDES YOUTH IN GRADES 6-12, 22% STUDENTS WITH SPECIAL NEEDS, 92% FREE AND REDUCED LUNCH, 9% ENGLISH LANGUAGE LEARNERS, AND 99% MINORITY (ASIAN, 1%, AFRICAN AMERICAN 14%, HISPANIC/LATINX 83%, WHITE 1%). THROUGH OUR DEEP PARTNERSHIPS WITH LOCAL SCHOOLS, ARETE HAS BEEN ABLE TO ENSURE 100% OF OUR STUDENTS GRADUATE ON TIME, WITH STRONG COLLEGE PLACEMENT AND ACCEPTANCE RATES. ARETE'S COLLEGE ACCESS PROGRAMS PROVIDE ALL HIGH SCHOOL STUDENTS TO AP COURSES, COLLEGE CREDITS (CLEP, COLLEGE HIGH SCHOOL BRIDGE PROGRAM), ONE-ON-ONE COLLEGE MENTORING, AND WORK-BASED LEARNING. OUR FLAGSHIP PARTNER SCHOOL, THE LABORATORY SCHOOL OF FINANCE & TECHNOLOGY: IS NATIONALLY RANKED WITH U.S. NEWS; HAS A 4-YEAR GRADUATION RATE OF 100% AND COLLEGE AND CAREER READINESS INDEX OF 87%; PERFORMS IN THE TOP 25% IN NYC SCHOOLS ON STATE EXAMS; AND OVER 90% OF HIGH SCHOOL STUDENTS TAKING ONE OR MORE AP COURSES AND OVER 60% OF 8TH GRADE SCHOOL STUDENTS RECEIVING HIGH SCHOOL CREDITS. ARETE ALSO PROVIDES PARTNER SCHOOLS WITH 500 HOURS OF EXTRA INSTRUCTION AND ARTS EDUCATION PER STUDENT THROUGHOUT THE CALENDAR YEAR.IN 2022, OUR KEY PROGRAM ACCOMPLISHMENTS INCLUDED: 1) 100% GRADUATION RATE: ALL SENIORS IN THE CLASS OF 2022 GRADUATED ON-TIME, TOOK AP CLASSES, THE SAT, AND WORKFORCE TRAINING.2) ALUMNI COLLEGE ENROLLMENT: YALE UNIVERSITY, WILLIAMS COLLEGE, BOSTON COLLEGE, COLUMBIA UNIVERSITY, BARNARD COLLEGE, FORDHAM UNIVERSITY, NEW YORK UNIVERSITY, CORNELL UNIVERSITY, SKIDMORE COLLEGE, BABSON COLLEGE3) $305,000 INVESTED IN CAREERS: ARETE INVESTS $185,000 ANNUALLY IN INTERNSHIP WAGES TO HIGH SCHOOL STUDENTS AND $120,000 ANNUALLY IN ALUMNI INTERNSHIP SUPERVISOR WAGES TO COLLEGE STUDENT ALUMNI. TWENTY PERCENT OF ARETE'S 2022 BUDGET IS INVESTED IN YOUTH CAREER DEVELOPMENT.4) COMMUNITY AMBASSADORS: OUR SOCIAL EMOTIONAL LEARNING CREATIVE EQ ARTS PROGRAM EMPOWERS MIDDLE SCHOOL STUDENTS TO BE EMOTIONAL INTELLIGENCE AMBASSADORS IN OUR COMMUNITIES, TEACHING PEERS, FAMILIES, AND STAFF MEMBERS ABOUT TRANSFORMATIVE LIFE SKILLS AND THE POWER OF BEING SMARTER WITH FEELINGS. 468155 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 14 0 1 74 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NY X SARAH BENIS SCHEIER-DOLBERG 9179858980 557 GRAND CONCOURSE SUITE 3 140 BRONX NY 10451 MATT MCCAMBRIDGE PRESIDENT 5.00 X X 0 0 0 KHOLOFELO MOTHIBI VICE PRESIDENT 5.00 X X 0 0 0 SAM ALEXANDER SECRETARY 5.00 X X 0 0 0 JARED STELLAR DIRECTOR 5.00 X X 0 0 0 RONNIE AROESTY DIRECTOR 5.00 X 0 0 0 RAYMOND SANCHEZ DIRECTOR 5.00 X 0 0 0 MCEVANS FRANCOIS DIRECTOR 5.00 X 0 0 0 SARAH BENIS SCHEIER-DOLBERG EXECUTIVE DIRECTOR 40.00 X 153474 0 0 153474 0 0 1 0 1 0 0 573759 81553 655312 OTHER INCOME 37535 37535 37535 692847 0 0 37535 57692 19231 19758 18703 343706 290280 53426 9473 7305 1727 441 41148 31729 7502 1917 1626 1626 76453 16517 59336 600 1623 1032 248 343 15135 1498 10093 3544 13000 10024 2370 606 543 419 99 25 4507 4507 3280 2529 598 153 2926 2667 259 STIPENDS 53354 53354 SUPPLIES AND EQUIPMENT 16320 16320 FOOD 8657 8657 TRAINING AND RECRUITMEN 6593 6593 2189 1289 900 658225 468155 162838 27232 110151 40127 419150 553883 103356 95929 10707 7427 11995 17726 552003 619163 141388 173926 141388 173926 X 219934 275360 190681 169877 410615 445237 552003 619163 34622 0 X 0 1 X 1 0 X 1188698 1604069 1503488 1681171 655312 6632738 1188698 1604069 1503488 1681171 655312 6632738 304054 6328684 4815 7013 5920 130 37535 55413 6688151 0.94630 0.99710 X PART II THE AMOUNTS FOR 2022 ARE FOR THE PERIOD OF 1/1/2022 THROUGH 6/30/2022. THE ORGANIZATION CHANGED FROM A CALENDAR YEAR END OF 12/31 TO A FISCAL YEAR END OF 6/30. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 65521 58094 7427 37835 37835 0 7427 X 740414 47567 47567 692847 0 692847 705792 47567 47567 658225 0 658225 PART X, LINE 2: THE ORGANIZATION DOES NOT BELIEVE ITS FINANCIAL STATEMENTS INCLUDE ANY MATERIAL, UNCERTAIN TAX POSITIONS. THE ORGANIZATION CHANGED ITS YEAR END TO JUNE 30, 2022 AND FILED A TAX RETURN FOR THE SIX-MONTH PERIOD THEN ENDED. THE ORGANIZATION HAD PREVIOUSLY FILED TAX RETURNS ON A DECEMBER YEAR END. TAX FILINGS FOR PERIODS ENDING DECEMBER 31, 2019 AND LATER ARE SUBJECT TO EXAMINATION BY APPLICABLE TAXING AUTHORITIES. X X 0 0 0 0 0 0 0 0 0 SARAH BENIS SCHEIER-DOLBERG EXECUTIVE DIRECTOR 153474 0 0 0 0 0 0 0 0 0 153474 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE OFFICERS AND DIRECTORS ARE ACTIVELY INVOLVED WITH THE REVIEW OF THE FINANCIAL STATEMENTS. THE FORM 990 IS REVIEWED AND COMPARED WITH THE FINANCIAL STATEMENTS BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A BOARD-APPROVED CONFLICT OF INTEREST POLICY. EACH BOARD MEMBER MUST FILL OUT AN ANNUAL DECLARATION STATING THEY HAD NO CONFLICTS OR IDENTIFYING THE NATURE OF THEIR INTERESTED PARTY TRANSACTIONS FORM 990, PART VI, SECTION B, LINE 15A THE BOARD LOOKS AT SALARY SURVEYS OF COMPARABLE ORGANIZATIONS AND APPROVES THE CEO'SSALARY. THE DELIBERATIONS ARE CONTEMPORANEOUSLY DOCUMENTED. FORM 990, PART VI, SECTION C, LINE 19 NO OTHER DOCUMENTS AVAILABLE TO THE PUBLIC.