Skip to content
Nonprofiteer
← COLLEGE ACHIEVE PUBLIC CHARTER SCHOOLS INC

Form 990 for tax year 2023

Filed by COLLEGE ACHIEVE PUBLIC CHARTER SCHOOLS INC.

Totals

Total revenue
$15,637,420
Total expenses
$16,053,260
Contributions and grants received
$222,900
Grants paid
$0
Program service revenue
$15,249,114
Investment income
$58,281
Other revenue
$107,125
Total assets, end of year
$52,288,063
Total liabilities, end of year
$49,357,365
Net assets or fund balances, end of year
$2,930,698
Program services expenses (Part IX)
$15,082,753
Management and general expenses
$970,507
Fundraising expenses
$0
Program service expenses (Part III)
$15,082,753

Program services were 94.0% 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.

  • 1f · All other contributions, gifts and grants

    $222,900

  • 2a · Program service revenue: MANAGEMENT FEE

    total $9,432,381 · related or exempt $9,432,381

  • 2b · Program service revenue: RENTAL INCOME

    total $4,836,449 · related or exempt $4,836,449

  • 2c · Program service revenue: OTHER INCOME

    total $980,284 · related or exempt $980,284

  • 3 · Investment income

    total $58,315 · excluded $58,315

  • 7a · Gross sales of assets other than inventory

    securities $1,147,598

  • 7b · Less cost or other basis and sales expenses

    securities $1,147,632

  • 7c · Gain or loss

    securities -$34

  • 7d · Net gain or loss

    total -$34 · excluded -$34

  • 11a · Other revenue: DEBT PREMIUM

    total $66,543 · related or exempt $66,543

  • 11b · Other revenue: OTHER INCOME

    total $40,582 · related or exempt $40,582

  • 11e · Other revenue, total

    $107,125

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $2,913,224 · program services $2,330,579 · management and general $582,645

  • 8 · Pension plan contributions

    total $588,333 · program services $470,666 · management and general $117,667

  • 10 · Payroll taxes

    total $179,820 · program services $143,856 · management and general $35,964

  • 11b · Fees: legal

    total $297,294 · program services $297,294

  • 11c · Fees: accounting

    total $119,963 · management and general $119,963

  • 11g · Fees: other

    total $5,971,721 · program services $5,948,632 · management and general $23,089

  • 12 · Advertising and promotion

    total $227,797 · program services $227,797

  • 13 · Office expenses

    total $72,155 · program services $57,724 · management and general $14,431

  • 16 · Occupancy

    total $2,644,236 · program services $2,644,236

  • 17 · Travel

    total $37,611 · program services $30,089 · management and general $7,522

  • 19 · Conferences, conventions and meetings

    total $75,165 · program services $60,132 · management and general $15,033

  • 20 · Interest

    total $1,534,019 · program services $1,528,900 · management and general $5,119

  • 22 · Depreciation, depletion and amortization

    total $1,146,553 · program services $1,146,553

  • 23 · Insurance

    total $245,369 · program services $196,295 · management and general $49,074

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,335,857 · end of year $2,442,063

  • 2 · Savings and temporary cash investments

    end of year $598,643

  • 3 · Pledges and grants receivable

    beginning of year $25,000

  • 4 · Accounts receivable

    beginning of year $1,552,623 · end of year $1,529,435

  • 7 · Other notes and loans receivable

    end of year $101,830

  • 9 · Prepaid expenses and deferred charges

    end of year $63,222

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

    $34,182,312

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

    $1,956,730

  • 10c · Land, buildings and equipment, net

    beginning of year $32,308,459 · end of year $32,225,582

  • 11 · Investments: publicly traded securities

    end of year $889,436

  • 14 · Intangible assets

    beginning of year $967,862 · end of year $609,636

  • 15 · Other assets

    beginning of year $15,428,850 · end of year $13,828,216

  • 17 · Accounts payable and accrued expenses

    beginning of year $843,066 · end of year $1,119,271

  • 19 · Deferred revenue

    beginning of year $2,162,388 · end of year $2,095,846

  • 23 · Secured mortgages and notes payable

    beginning of year $33,195,000 · end of year $32,560,000

  • 24 · Unsecured notes and loans payable

    beginning of year $1,245

  • 25 · Other liabilities

    beginning of year $13,080,118 · end of year $13,582,248

  • 27 · Net assets without donor restrictions

    beginning of year $3,336,834 · end of year $2,930,698

Mission and programs · 2023

Mission

COLLEGE ACHIEVE PUBLIC CHARTER SCHOOLS WILL PREPARE STUDENTS FROM UNDERSERVED COMMUNITIES IN NEW JERSEY TO EXCEL AND GRADUATE FROM THE MOST COMPETITIVE COLLEGES AND UNIVERSITIES IN THE NATION. IT IS OUR HOPE THAT MANY OF OUR STUDENTS WILL RETURN HOME AFTER GRADUATION FROM COLLEGE AND BUILD A STRONGER, SAFER, AND MORE PROSPEROUS COMMUNITY.

  • COLLEGE ACHIEVE PUBLIC CHARTER SCHOOLS, INC. STARTS, DEVELOPS, SUPPORTS, AND MANAGES PUBLIC CHARTER SCHOOLS IN THE STATE OF NEW JERSEY - INCLUDING DEVELOPING FACILITIES AND REAL ESTATE, HIRING ALL LEADERSHIP, PROVIDING THE CURRICULUM AND THE TRAINING. COLLEGE ACHIEVE'S MISSION IS TO PREPARE ALL OF ITS STUDENTS TO EXCEL IN AND GRADUATE FROM THE BEST COLLEGES AND UNIVERSITIES IN THE NATION. COLLEGE ACHIEVE PUBLIC CHARTER SCHOOLS, INC. HAS DEVELOPED NINE CHARTER SCHOOL FACILITIES AT MARKET OR BELOW MARKET RENTS FOR OUR K-12 PUBLIC CHARTER SCHOOLS IN THREE REGIONS OF THE STATE OF NEW JERSEY: PATERSON; PLAINFIELD AND NORTH PLAINFIELD; AND ASBURY PARK AND NEPTUNE TOWNSHIP. THIS PROPERTY DEVELOPMENT INCLUDES IN MOST INSTANCES SIGNIFICANT RENOVATIONS, FINANCING COSTS, AND CONSULTING AND LEGAL COSTS ARE FUNDED BY COLLEGE ACHIEVE PUBLIC CHARTER SCHOOLS, INC. OUT OF THE PROCEEDS OF THE RENTS, MANAGEMENT FEES AND FUNDRAISING.

    Expenses $13,936,200 · Revenue $15,249,114

  • TO PROVIDE THE ACADEMIC MODEL (TRAINING AND THE ACTUAL CURRICULUM) TO THE CHARTER SCHOOLS IN OUR NETWORK.

    Expenses $1,146,553

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Michael Piscal

    CEO

    Total calculated
    $645,341
    From this org
    $524,734
    From related orgs
    $0
    Other
    $120,607
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $485,534
    Bonus
    $35,000
    Other
    $4,200
    Deferred
    $120,607
    Nontaxable benefits
    not reported
    Filer's total
    $645,341

  • Gemar Mills

    EXEC. DIRECT

    Total calculated
    $597,852
    From this org
    $487,043
    From related orgs
    $0
    Other
    $110,809
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $346,543
    Bonus
    $125,000
    Other
    $15,500
    Deferred
    $110,809
    Nontaxable benefits
    not reported
    Filer's total
    $597,852

  • Jodi McInerney

    EXEC. DIRECT

    Total calculated
    $402,874
    From this org
    $325,863
    From related orgs
    $0
    Other
    $77,011
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $301,863
    Bonus
    $24,000
    Other
    not reported
    Deferred
    $77,011
    Nontaxable benefits
    not reported
    Filer's total
    $402,874

  • Corri Tate

    EXEC. DIRECT

    Total calculated
    $391,186
    From this org
    $314,504
    From related orgs
    $0
    Other
    $76,682
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $282,004
    Bonus
    $32,500
    Other
    not reported
    Deferred
    $76,682
    Nontaxable benefits
    not reported
    Filer's total
    $391,186

  • Glenn Forney

    CFO

    Total calculated
    $350,569
    From this org
    $284,077
    From related orgs
    $0
    Other
    $66,492
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $229,077
    Bonus
    $39,500
    Other
    $15,500
    Deferred
    $66,492
    Nontaxable benefits
    not reported
    Filer's total
    $350,569

  • James Cullen

    CONC

    Total calculated
    $277,539
    From this org
    $219,508
    From related orgs
    $0
    Other
    $58,031
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $208,708
    Bonus
    not reported
    Other
    $10,800
    Deferred
    $58,031
    Nontaxable benefits
    not reported
    Filer's total
    $277,539

  • Donald Parry

    FACILITIES D

    Total calculated
    $251,629
    From this org
    $240,437
    From related orgs
    $0
    Other
    $11,192
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $203,437
    Bonus
    $37,000
    Other
    not reported
    Deferred
    $11,192
    Nontaxable benefits
    not reported
    Filer's total
    $251,629

  • David Hespe

    COS

    Total calculated
    $215,431
    From this org
    $173,923
    From related orgs
    $0
    Other
    $41,508
    Hours/week
    28

    Schedule J breakdown matched by us

    Base
    $173,923
    Bonus
    not reported
    Other
    not reported
    Deferred
    $41,508
    Nontaxable benefits
    not reported
    Filer's total
    $215,431

  • Thomas Cimochowski

    CHAIRMAN

    Total calculated
    $0

  • Brenda Dulan

    TRUSTEE

    Total calculated
    $0

  • Stephen C Smith

    TRUSTEE

    Total calculated
    $0

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 · 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.

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.

  • CAPS 21 MARKET LLC

    SUPPORT · NJ · income $1,044,000 · assets $15,166,762

  • EDVILLAGE 107 WESTERVELT LLC

    SUPPORT · NJ · income $1,361,640 · assets $20,778,745

Provenance

Return type
form_990
Tax year
2023
Filed
13 May 2025
IRS schema version
2023v6.0
Source object
202541359349304819

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.