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Nonprofiteer
← GREAT OAKS CHARTER SCHOOL

Form 990 for tax year 2024

Filed by GREAT OAKS CHARTER SCHOOL.

Totals

Total revenue
$57,559,341
Total expenses
$56,801,219
Contributions and grants received
$56,290,493
Grants paid
$0
Program service revenue
$0
Investment income
$82,797
Other revenue
$1,186,051
Total assets, end of year
$20,151,281
Total liabilities, end of year
$2,284,506
Net assets or fund balances, end of year
$17,866,775
Program services expenses (Part IX)
$32,823,165
Management and general expenses
$23,978,054
Fundraising expenses
$0
Program service expenses (Part III)
$32,823,165

Program services were 57.8% 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)

    $55,615,493

  • 1f · All other contributions, gifts and grants

    $675,000

  • 2a · Program service revenue: FOOD & AFTER SCHOOL PROGRAMS

    total $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $82,797 · unrelated business $0 · excluded $0

  • 11a · Other revenue: MISCELLANEOUS

    total $1,186,051 · related or exempt $1,186,051 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $1,186,051

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $1,514,815 · program services $605,926 · management and general $908,889 · fundraising $0

  • 7 · Other salaries and wages

    total $25,576,058 · program services $13,058,025 · management and general $12,518,033 · fundraising $0

  • 8 · Pension plan contributions

    total $1,832,398 · program services $732,959 · management and general $1,099,439 · fundraising $0

  • 9 · Other employee benefits

    total $6,932,472 · program services $3,496,564 · management and general $3,435,908 · fundraising $0

  • 10 · Payroll taxes

    total $2,072,452 · program services $1,045,292 · management and general $1,027,160 · fundraising $0

  • 11b · Fees: legal

    total $171,300 · program services $0 · management and general $171,300 · fundraising $0

  • 11c · Fees: accounting

    total $352,165 · program services $0 · management and general $352,165 · fundraising $0

  • 11g · Fees: other

    total $7,049,330 · program services $4,229,598 · management and general $2,819,732 · fundraising $0

  • 16 · Occupancy

    total $4,568,151 · program services $4,568,151 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $1,253,081 · program services $1,077,650 · management and general $175,431 · fundraising $0

  • 23 · Insurance

    total $323,070 · program services $323,070 · management and general $0 · fundraising $0

  • 24a · Other expenses: MISCELLANEOUS

    total $860,802 · program services $0 · management and general $860,802 · fundraising $0

  • 24b · Other expenses: SUPPLIES

    total $1,226,762 · program services $693,052 · management and general $533,710 · fundraising $0

  • 24c · Other expenses: STUDENT TRANSPORTATION

    total $465,907 · program services $465,907 · management and general $0 · fundraising $0

  • 24d · Other expenses: COMMUNICATION & TELEPHONE

    total $188,713 · program services $113,228 · management and general $75,485 · fundraising $0

  • 24e · All other expenses

    total $2,413,743 · program services $2,413,743 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,320,147 · end of year $7,196,133

  • 2 · Savings and temporary cash investments

    beginning of year $75,000 · end of year $75,000

  • 3 · Pledges and grants receivable

    beginning of year $1,565,295 · end of year $2,770,297

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

    $15,532,285

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

    $7,528,903

  • 10c · Land, buildings and equipment, net

    beginning of year $8,800,208 · end of year $8,003,382

  • 15 · Other assets

    beginning of year $1,912,826 · end of year $2,106,469

  • 17 · Accounts payable and accrued expenses

    beginning of year $486,656 · end of year $2,016,997

  • 19 · Deferred revenue

    beginning of year $11,494 · end of year $0

  • 25 · Other liabilities

    beginning of year $63,673 · end of year $267,509

  • 27 · Net assets without donor restrictions

    beginning of year $17,111,653 · end of year $17,866,775

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 CHARTER PROMOTES EDUCATIONAL REFORM THROUGH INNOVATION. THE CHARTER SCHOOLS OVERARCHING MISSION IS TO PREPARE THE STUDENTS TO SUCCEED IN COLLEGE.

Activities or mission (Part I)

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 CHARTER PROMOTES EDUCATIONAL REFORM THROUGH INNOVATION. THE CHARTER SCHOOLS OVERARCHING MISSION IS TO PREPARE STUDENTS TO SUCCEED IN COLLEGE.

  • THE CHARTER SCHOOL COMPLETED THE 2024-2025 FISCAL YEAR WITH AN AVERAGE DAILY ENROLLMENT OF 2,178 STUDENTS. THE CHARTER SCHOOL IS FOUNDED ON THE UNDERSTANDING THAT STUDENTS HAVE OWNERSHIP AND RESPONSIBILITY FOR THEIR OWN EDUCATIONAL PROCESSES AND THEIR FUTURE. ACCORDINGLY, THE CURRICULUM WAS ESTABLISHED USING EFFECTIVE, RESEARCH-BASED EDUCATIONAL PRACTICES, HANDS-ON, PROBLEM BASED SERVICE LEARNING ADVENTURES AND GRADE APPROPRIATE CORE ACADEMIC MATERIALS WITH PARTICULAR FOCUS ON THE NEW JERSEY CORE CURRICULUM CONTENT STANDARDS. FOR THE YEAR ENDED JUNE 30, 2025, THE EDUCATIONAL PROGRAM WAS DESIGNED TO MEET THE DIVERSE NEEDS OF INDIVIDUAL STUDENTS, INCLUDING AT RISK STUDENTS, ENGLISH LANGUAGE LEARNERS (ELL) AND STUDENTS WITH SPECIAL NEEDS.

    Expenses $32,823,165

As filed on the 2024 return.

Listed in Part VII

  • RICHARD HERNANDEZ ESQ

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    2

  • BRIAN NEVEL

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • DR KARMA WARREN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • ALLISON BOWMAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • PETER HANTES

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • EVERETT JOHNSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • MICHAEL DUFFY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • TRACI WRIGHT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • JUSTIN JENNINGS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • JARED TAILLEFER

    EXECUTIVE DIRECTOR

    Total calculated
    $245,430
    From this org
    $240,271
    From related orgs
    $0
    Other
    $5,159
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $240,271
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $5,159
    Filer's total
    $245,430

  • CHIFFON RUSHFORD

    CHIEF SCHOOLS OFFICER

    Total calculated
    $203,117
    From this org
    $187,313
    From related orgs
    $0
    Other
    $15,804
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $187,313
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $15,804
    Filer's total
    $203,117

  • DR ARIANA LOPEZ

    CHIEF OPERATING OFFICER

    Total calculated
    $163,910
    From this org
    $163,910
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $163,910
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $163,910

  • DOMINICK DIFALCO

    CHIEF STRATEGY OFFICER

    Total calculated
    $184,706
    From this org
    $178,937
    From related orgs
    $0
    Other
    $5,769
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $178,937
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $5,769
    Filer's total
    $184,706

  • NICHELLE HOWE

    CHIEF PEOPLE & EQUITY OFFICER

    Total calculated
    $192,031
    From this org
    $186,262
    From related orgs
    $0
    Other
    $5,769
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $186,262
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $186,262

  • CHARLISE MANUEL PAPUSSECO

    DEPUTY CHIEF FINANCIAL OFFICER

    Total calculated
    $197,324
    From this org
    $186,867
    From related orgs
    $0
    Other
    $10,457
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $186,867
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $186,867

  • QUAN VUONG

    DATA SUPPORT SENIOR DIRECTOR

    Total calculated
    $159,936
    From this org
    $144,132
    From related orgs
    $0
    Other
    $15,804
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $144,132
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $15,804
    Filer's total
    $159,936

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
21 April 2026
IRS schema version
2024v5.2
Source object
202631119349301313

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