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Nonprofiteer
← UNCOMMON SCHOOLS INC

Form 990 for tax year 2022

Filed by UNCOMMON SCHOOLS INC.

Totals

Total revenue
$79,098,253
Total expenses
$80,059,977
Contributions and grants received
$18,960,815
Grants paid
$8,714,100
Program service revenue
$58,524,453
Investment income
$1,460,219
Other revenue
$152,766
Total assets, end of year
$298,937,865
Total liabilities, end of year
$220,650,101
Net assets or fund balances, end of year
$78,287,764
Program services expenses (Part IX)
$60,943,125
Management and general expenses
$16,392,566
Fundraising expenses
$2,724,286
Program service expenses (Part III)
$60,943,125

Program services were 76.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $7,458,922

  • 1f · All other contributions, gifts and grants

    $11,501,893

  • 2a · Program service revenue: MANAGEMENT FEES

    total $49,814,195 · related or exempt $49,814,195

  • 2b · Program service revenue: INTEREST INCOME

    total $3,301,365 · related or exempt $3,301,365

  • 2c · Program service revenue: REAL ESTATE REIMBURSEMENT

    total $2,701,185 · related or exempt $2,701,185

  • 2d · Program service revenue: MANAGEMENT FEES - RELATED PARTIES

    total $1,466,197 · related or exempt $1,466,197

  • 2e · Program service revenue: TRAINING FEES

    total $1,241,511 · related or exempt $1,241,511

  • 3 · Investment income

    total $1,460,219 · excluded $1,460,219

  • 11a · Other revenue: MISCELLANEOUS

    total $152,766 · related or exempt $152,766

  • 11e · Other revenue, total

    $152,766

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $8,714,100 · program services $8,714,100

  • 5 · Compensation of officers, directors and key employees

    total $2,371,895 · program services $2,063,608 · management and general $239,779 · fundraising $68,508

  • 7 · Other salaries and wages

    total $31,157,209 · program services $18,093,451 · management and general $11,458,540 · fundraising $1,605,218

  • 8 · Pension plan contributions

    total $1,011,566 · program services $590,940 · management and general $369,098 · fundraising $51,528

  • 9 · Other employee benefits

    total $3,196,192 · program services $1,894,118 · management and general $1,140,485 · fundraising $161,589

  • 10 · Payroll taxes

    total $2,469,209 · program services $1,481,526 · management and general $864,223 · fundraising $123,460

  • 11b · Fees: legal

    total $384,928 · program services $319,490 · management and general $50,041 · fundraising $15,397

  • 11c · Fees: accounting

    total $177,969 · program services $147,713 · management and general $23,136 · fundraising $7,120

  • 11g · Fees: other

    total $524,817 · program services $435,599 · management and general $68,226 · fundraising $20,992

  • 13 · Office expenses

    total $2,470,999 · program services $2,059,423 · management and general $314,735 · fundraising $96,841

  • 16 · Occupancy

    total $5,674,454 · program services $5,258,054 · management and general $318,424 · fundraising $97,976

  • 20 · Interest

    total $11,115,255 · program services $11,115,255

  • 22 · Depreciation, depletion and amortization

    total $3,078,349 · program services $2,555,030 · management and general $400,185 · fundraising $123,134

  • 24a · Other expenses: OTHER SCHOOL SUPPORT

    total $3,707,072 · program services $2,974,137 · management and general $661,820 · fundraising $71,115

  • 24b · Other expenses: SYSTEM AND TECHNOLOGY

    total $2,886,612 · program services $2,395,887 · management and general $375,259 · fundraising $115,466

  • 24c · Other expenses: PROFESSIONAL DEVELOPMEN

    total $1,119,351 · program services $844,794 · management and general $108,615 · fundraising $165,942

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,694,488 · end of year $2,191,713

  • 2 · Savings and temporary cash investments

    beginning of year $46,183,751 · end of year $50,810,402

  • 3 · Pledges and grants receivable

    beginning of year $8,625,609 · end of year $5,371,990

  • 4 · Accounts receivable

    beginning of year $11,713,035 · end of year $4,682,211

  • 9 · Prepaid expenses and deferred charges

    beginning of year $737,040 · end of year $731,990

  • 10a · Land, buildings and equipment: cost or other basis

    $14,868,895

  • 10b · Land, buildings and equipment: accumulated depreciation

    $8,710,804

  • 10c · Land, buildings and equipment, net

    beginning of year $7,985,046 · end of year $6,158,091

  • 13 · Investments: program-related

    beginning of year $152,285,245 · end of year $158,976,130

  • 15 · Other assets

    beginning of year $59,325,824 · end of year $70,015,338

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,746,451 · end of year $5,434,962

  • 18 · Grants payable

    beginning of year $761,918 · end of year $474,624

  • 23 · Secured mortgages and notes payable

    beginning of year $140,350,839 · end of year $138,245,072

  • 24 · Unsecured notes and loans payable

    beginning of year $6,350,000 · end of year $850,000

  • 25 · Other liabilities

    beginning of year $60,786,736 · end of year $75,645,443

  • 27 · Net assets without donor restrictions

    beginning of year $65,240,146 · end of year $68,640,562

  • 28 · Net assets with donor restrictions

    beginning of year $14,313,948 · end of year $9,647,202

Mission and programs · 2022

Mission

SEE SCHEDULE O.

Activities or mission (Part I)

UNCOMMON'S MISSION IS TO CLOSE THE ACHIEVEMENT GAP AND PREPARE LOW-INCOME STUDENTS TO GRADUATE FROM COLLEGE. UNCOMMON FURTHERS THIS MISSION BY STARTING AND MANAGING OUTSTANDING URBAN CHARTER PUBLIC SCHOOLS IN NEWARK AND CAMDEN, NEW JERSEY, NEW YORK CITY AND ROCHESTER, NEW YORK, AND BOSTON, MASSACHUSETTS. UNCOMMON ALSO FURTHERS THIS MISSION BY DEVELOPING PROFESSIONAL DEVELOPMENT TOOLS AND TRAININGS WHICH UNCOMMON MAKES AVAILABLE TO ITS SCHOOLS, AS WELL AS OTHER PARTNER ORGANIZATIONS AND DISTRICTS. UNCOMMON ALSO DEVELOPS, MANAGES, AND MAINTAINS REAL ESTATE FOR LEASE TO SCHOOLS WITHIN ITS NETWORK.

  • GRANTS TO CHARTER PUBLIC SCHOOLS AND EXPENSES INCURRED IN SUPPORTING CHARTER PUBLIC SCHOOLS. PLEASE REFER TO FORM 990, PART III, LINE 1, FOR THE ORGANIZATION'S MISSION.

    Expenses $60,943,125 · Grants $8,714,100 · Revenue $58,677,219

As filed on the 2022 return.

Listed in Part VII

  • BRETT PEISER

    DIRECTOR/CO-CEO

    Total calculated
    $542,362
    From this org
    $497,653
    From related orgs
    $0
    Other
    $44,709
    Hours/week
    41 + 7 related

    Schedule J breakdown matched by us

    Base
    $497,653
    Bonus
    $0
    Other
    $0
    Deferred
    $24,000
    Nontaxable benefits
    $20,709
    Filer's total
    $542,362

  • JULIE JACKSON

    DIRECTOR/CO-CEO (AS OF 7/2022)

    Total calculated
    $592,137
    From this org
    $547,703
    From related orgs
    $0
    Other
    $44,434
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $497,703
    Bonus
    $50,000
    Other
    $0
    Deferred
    $23,725
    Nontaxable benefits
    $20,709
    Filer's total
    $592,137

  • NORMAN ATKINS

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 7 related

  • DAVID COOPER

    DIRECTOR (UNTIL 6/9/23)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • DONALD KATZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ROBERT KARR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RONDO MOSES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • BROOKE REID

    DIRECTOR (UNTIL 6/9/23)

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • GAURAV KAPADIA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CECILY CARSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LAURA BLANKFEIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ROBERT MARCUS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • CHRIS AUGUSTE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • WILLIAM LEWIS JR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ALLISON BLITZER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SCOTT MILLS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JENNIFER CONSILVIO

    CHIEF FINANCIAL OFFICER

    Total calculated
    $296,482
    From this org
    $271,187
    From related orgs
    $0
    Other
    $25,295
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $271,187
    Bonus
    $0
    Other
    $0
    Deferred
    $4,586
    Nontaxable benefits
    $20,709
    Filer's total
    $296,482

  • PAUL BAMBRICK SANTOYO

    CHIEF SCHOOLS OFFICER, SENIOR INSTR.

    Total calculated
    $327,255
    From this org
    $301,135
    From related orgs
    $0
    Other
    $26,120
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $301,135
    Bonus
    $0
    Other
    $0
    Deferred
    $3,500
    Nontaxable benefits
    $22,620
    Filer's total
    $327,255

  • JULIANA WORRELL

    CHIEF SCHOOLS OFFICER, K-8

    Total calculated
    $284,750
    From this org
    $281,415
    From related orgs
    $0
    Other
    $3,335
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $281,415
    Bonus
    $0
    Other
    $0
    Deferred
    $3,335
    Nontaxable benefits
    $0
    Filer's total
    $284,750

  • LAURA LEE MCGOVERN

    CHIEF OF STAFF AND STRATEGY

    Total calculated
    $348,524
    From this org
    $323,959
    From related orgs
    $0
    Other
    $24,565
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $273,959
    Bonus
    $50,000
    Other
    $0
    Deferred
    $4,884
    Nontaxable benefits
    $19,681
    Filer's total
    $348,524

  • HEATHER EVANS

    HEAD, DATA AND IT

    Total calculated
    $238,713
    From this org
    $227,670
    From related orgs
    $0
    Other
    $11,043
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $227,670
    Bonus
    $0
    Other
    $0
    Deferred
    $3,500
    Nontaxable benefits
    $7,543
    Filer's total
    $238,713

  • MICHAEL BLAKE

    MANAGING DIRECTOR, UNCOMMON NYC

    Total calculated
    $225,781
    From this org
    $212,159
    From related orgs
    $0
    Other
    $13,622
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $212,159
    Bonus
    $0
    Other
    $0
    Deferred
    $1,350
    Nontaxable benefits
    $12,272
    Filer's total
    $225,781

  • SUSAN POLLOCK

    CHIEF REAL ESTATE OFFICER

    Total calculated
    $331,936
    From this org
    $314,739
    From related orgs
    $0
    Other
    $17,197
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $314,739
    Bonus
    $0
    Other
    $0
    Deferred
    $3,500
    Nontaxable benefits
    $13,697
    Filer's total
    $331,936

  • AMANDA CRAFT

    HEAD OF TALENT

    Total calculated
    $239,918
    From this org
    $225,324
    From related orgs
    $0
    Other
    $14,594
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $225,324
    Bonus
    $0
    Other
    $0
    Deferred
    $937
    Nontaxable benefits
    $13,657
    Filer's total
    $239,918

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Provenance

Return type
form_990
Tax year
2022
Filed
7 May 2024
IRS schema version
2022v5.0
Source object
202431299349301913

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