Form 990 for tax year 2024
Filed by HATIKVAH INTERNATIONAL ACADEMY CHARTER SCHOOL.
Totals
- Total revenue
- $13,331,032
- Total expenses
- $12,394,413
- Contributions and grants received
- $12,998,950
- Grants paid
- $0
- Program service revenue
- $55,980
- Investment income
- $136,426
- Other revenue
- $139,676
- Total assets, end of year
- $6,866,464
- Total liabilities, end of year
- $3,074,178
- Net assets or fund balances, end of year
- $3,792,286
- Program services expenses (Part IX)
- $9,706,900
- Management and general expenses
- $2,687,513
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $9,706,900
Program services were 78.3% 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)
$12,956,863
-
1f · All other contributions, gifts and grants
$42,087
-
2a · Program service revenue: MEALS DAILY SALES
total $55,980 · unrelated business $0 · excluded $0
-
3 · Investment income
total $136,426 · unrelated business $0 · excluded $0
-
11a · Other revenue: MISCELLANEOUS
total $139,676 · related or exempt $139,676 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$139,676
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $537,855 · program services $215,142 · management and general $322,713 · fundraising $0
-
7 · Other salaries and wages
total $5,743,718 · program services $4,766,479 · management and general $977,239 · fundraising $0
-
8 · Pension plan contributions
total $178,082 · program services $71,233 · management and general $106,849 · fundraising $0
-
9 · Other employee benefits
total $2,791,207 · program services $2,213,575 · management and general $577,632 · fundraising $0
-
10 · Payroll taxes
total $480,540 · program services $381,094 · management and general $99,446 · fundraising $0
-
11b · Fees: legal
total $6,352 · program services $3,811 · management and general $2,541 · fundraising $0
-
11c · Fees: accounting
total $67,902 · program services $40,741 · management and general $27,161 · fundraising $0
-
11g · Fees: other
total $309,778 · program services $185,867 · management and general $123,911 · fundraising $0
-
17 · Travel
total $1,155,969 · program services $1,155,969 · management and general $0 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $177,278 · program services $152,459 · management and general $24,819 · fundraising $0
-
23 · Insurance
total $94,264 · program services $94,264 · management and general $0 · fundraising $0
-
24a · Other expenses: MISCELLANEOUS
total $201,269 · program services $147,595 · management and general $53,674 · fundraising $0
-
24b · Other expenses: SUPPLIES
total $616,379 · program services $253,432 · management and general $362,947 · fundraising $0
-
24c · Other expenses: TEXTBOOKS
total $12,368 · program services $12,368 · management and general $0 · fundraising $0
-
24d · Other expenses: COMMUNICATION & TELEPHONES
total $21,452 · program services $12,871 · management and general $8,581 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $4,557,265 · end of year $5,515,058
-
3 · Pledges and grants receivable
beginning of year $767,477 · end of year $1,044,303
-
10a · Land, buildings and equipment: cost or other basis
$932,356
-
10b · Land, buildings and equipment: accumulated depreciation
$725,518
-
10c · Land, buildings and equipment, net
beginning of year $50,657 · end of year $206,838
-
15 · Other assets
beginning of year $288,046 · end of year $100,265
-
17 · Accounts payable and accrued expenses
beginning of year $29,671 · end of year $302,853
-
19 · Deferred revenue
beginning of year $2,721,020 · end of year $2,724,728
-
25 · Other liabilities
beginning of year $57,087 · end of year $46,597
-
27 · Net assets without donor restrictions
beginning of year $2,855,667 · end of year $3,792,286
Mission and programs · 2024
Mission
THE CHARTER SCHOOL IS A NON-PROFIT ORGANIZATION ESTABLISHED FOR THE PURPOSE OF OPERATING AND MAINTAINING A PUBLIC SCHOOL UNDER A CHARTER GRANTED BY THE STATE OF NEW JERSEY
-
THE ORGANIZATION IS A CHARTER SCHOOL. IT OPERATES A NON-PROFIT SCHOOL WHERE STUDENTS MAY OBTAIN A GENERAL EDUCATION IN CONFORMITY WITH THE CHARTER SCHOOL PROGRAM ACT OF 1995, P.L. 1985 ET. SEQ. DURING THE YEAR ENDED JUNE 30, 2025, THE CHARTER SCHOOL HAD AN ENROLLMENT OF APPROXIMATELY 658 STUDENTS IN GRADES K TO 8.
Expenses $9,706,900
As filed on the 2024 return.
Listed in Part VII
-
Daniel GresackDANIEL GRESACK
PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Harish HathiramaniHARISH HATHIRAMANI
TRUSTEE, VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Marc HermanMARC HERMAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Shawntell ManningSHAWNTELL MANNING
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Arie BeharARIE BEHAR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Dr Dake ZhangDR DAKE ZHANG
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Cristal SharmaCRISTAL SHARMA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Dr Marcia GraysonDR MARCIA GRAYSON
DIRECTOR, THRU JUNE 30, 2025
- Total calculated
- $253,550
- From this org
- $253,550
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $253,550
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $253,550
-
Kathleen MoneKATHLEEN MONE
SCHOOL BUSINESS ADMINISTRATOR
- Total calculated
- $0
- Hours/week
- 8
-
Amanda RosenbergAMANDA ROSENBERG
DIRECTOR AS FROM JULY 1, 2025
- Total calculated
- $133,979
- From this org
- $133,979
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Sara SchwartzSARA SCHWARTZ
WORLD LANGUAGE SUPERVISOR
- Total calculated
- $126,223
- From this org
- $126,223
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
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 · Form 990 of other organizations
- 3 · Written employment contract
- 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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 6 April 2026
- IRS schema version
- 2024v5.2
- Source object
- 202610969349300616
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