Form 990 for tax year 2022
Filed by CHARTER SCHOOL OF EDUCATIONAL EXCELLENCE.
Totals
- Total revenue
- $23,195,612
- Total expenses
- $24,859,746
- Contributions and grants received
- $2,861,448
- Grants paid
- $0
- Program service revenue
- $19,954,189
- Investment income
- $379,975
- Other revenue
- $0
- Total assets, end of year
- $88,631,393
- Total liabilities, end of year
- $81,463,024
- Net assets or fund balances, end of year
- $7,168,369
- Program services expenses (Part IX)
- $21,942,703
- Management and general expenses
- $2,917,043
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $21,942,703
Program services were 88.3% 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)
$2,468,568
-
1f · All other contributions, gifts and grants
$392,880
-
1g · Noncash contributions included above
$86,000
-
2a · Program service revenue: RESIDENT STUDENT ENROLLMENT
total $19,954,189 · related or exempt $19,954,189
-
3 · Investment income
total $379,975 · excluded $379,975
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $9,349,515 · program services $8,588,079 · management and general $761,436
-
8 · Pension plan contributions
total $814,934 · program services $748,565 · management and general $66,369
-
9 · Other employee benefits
total $1,370,698 · program services $1,259,067 · management and general $111,631
-
10 · Payroll taxes
total $867,489 · program services $796,840 · management and general $70,649
-
11b · Fees: legal
total $209,923 · management and general $209,923
-
11c · Fees: accounting
total $30,000 · management and general $30,000
-
11g · Fees: other
total $626,480 · program services $43,076 · management and general $583,404
-
12 · Advertising and promotion
total $71,818 · program services $65,969 · management and general $5,849
-
13 · Office expenses
total $95,106 · program services $87,360 · management and general $7,746
-
14 · Information technology
total $152,667 · program services $140,233 · management and general $12,434
-
16 · Occupancy
total $1,327,539 · program services $1,219,423 · management and general $108,116
-
20 · Interest
total $2,303,988 · program services $2,116,348 · management and general $187,640
-
22 · Depreciation, depletion and amortization
total $2,690,754 · program services $2,471,616 · management and general $219,138
-
23 · Insurance
total $330,935 · program services $101,622 · management and general $229,313
-
24a · Other expenses: MAINTENANCE & REPAIRS
total $951,050 · program services $873,595 · management and general $77,455
-
24b · Other expenses: STUDENT SERVICES
total $821,411 · program services $754,514 · management and general $66,897
-
24c · Other expenses: BAD DEBT
total $769,801 · program services $769,801
-
24d · Other expenses: TRANSPORTATION (STUDENTS)
total $753,185 · program services $691,845 · management and general $61,340
-
24e · All other expenses
total $1,322,453 · program services $1,214,750 · management and general $107,703
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $7,736,882 · end of year $11,004,766
-
3 · Pledges and grants receivable
beginning of year $2,257,779 · end of year $2,079,813
-
9 · Prepaid expenses and deferred charges
beginning of year $81,887 · end of year $37,279
-
10a · Land, buildings and equipment: cost or other basis
$57,884,375
-
10b · Land, buildings and equipment: accumulated depreciation
$15,134,262
-
10c · Land, buildings and equipment, net
beginning of year $41,248,714 · end of year $42,750,113
-
15 · Other assets
beginning of year $14,098,304 · end of year $32,759,422
-
17 · Accounts payable and accrued expenses
beginning of year $678,466 · end of year $695,212
-
19 · Deferred revenue
beginning of year $272,751 · end of year $100,000
-
20 · Tax-exempt bond liabilities
beginning of year $48,500,000 · end of year $48,500,000
-
25 · Other liabilities
beginning of year $7,139,846 · end of year $32,167,812
-
27 · Net assets without donor restrictions
beginning of year $8,832,503 · end of year $7,168,369
Mission and programs · 2022
Mission
THE MISSION OF THE CHARTER SCHOOL OF EDUCATIONAL EXCELLENCE (CSEE) IS TO PRODUCE STUDENTS WHO MEET OR EXCEED ALL NEW YORK STATE LEARNING STANDARDS. CSEE WILL DO THIS BY CREATING A CHALLENGING LEARNING ENVIRONMENT WITH HIGH EXPECTATIONS FOR EVERY CHILD WITH AN EMPHASIS ON THE BASIC SUBJECT AREAS OF ENGLISH-LANGUAGE ARTS, MATHEMATICS, SOCIAL STUDIES, AND SCIENCE. THE SCHOOL WILL EMPLOY STANDARDS BASED AND RESEARCH PROVEN CURRICULUM, IMPLEMENT BEST EDUCATIONAL PRACTICES, USE A VARIETY OF ASSESSMENTS TO MEASURE ON-GOING STUDENT PROGRESS IN SKILLS AND CONTENT LEARNING, AND SUPPORT TEACHERS WITH PROFESSIONAL DEVELOPMENT ACTIVITIES THAT ARE ALIGNED TO THE INSTRUCTIONAL PROGRAM. CSEES EMPHASIS ON BASIC SUBJECTS WILL GIVE STUDENTS A STRONG ACADEMIC FOUNDATION THAT WILL ALLOW THEM TO BECOME CRITICAL THINKERS AND LIFE-LONG LEARNERS. THE SCHOOL WILL ALSO EXPOSE STUDENTS TO A DIVERSE CURRICULUM THAT PROMOTES APPRECIATION OF ART, MUSIC, AND CULTURAL AWARENESS. THE CHARTER SCHOOL OF EDUCATIONAL EXCEL
-
PROVIDES INSTRUCTIONAL AND EDUCATIONAL SERVICES TO APPROXIMATELY 856 STUDENTS GRADES K THROUGH 12TH.
Expenses $21,942,703 · Revenue $19,954,189
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Cindy LopezCINDY LOPEZ
SUPERINTENDE
- Total calculated
- $212,251
- From this org
- $212,251
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $212,251
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $212,251
-
Jessica JacarusoJESSICA JACARUSO
PRINCIPAL -
- Total calculated
- $173,376
- From this org
- $173,376
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $173,376
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $173,376
-
Michael DesimoneMICHAEL DESIMONE
PHYS ED/ATHL
- Total calculated
- $164,256
- From this org
- $164,256
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $164,256
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $164,256
-
Jennifer SpinaJENNIFER SPINA
PRINCIPAL -
- Total calculated
- $153,554
- From this org
- $153,554
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $153,554
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $153,554
-
Dwain PalmerDWAIN PALMER
PRINCIPAL -
- Total calculated
- $146,150
- From this org
- $146,150
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Margaret O'DonnellMARGARET O'DONNELL
ELA DIRECTOR
- Total calculated
- $119,248
- From this org
- $119,248
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Nadine Burns-LyonsNADINE BURNS-LYONS
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Sobeida CruzSOBEIDA CRUZ
FOUNDER
- Total calculated
- $0
- Hours/week
- 1
-
Wilson Soto EsqWILSON SOTO ESQ
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Dr Debra GersonDR DEBRA GERSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jim KilloranJIM KILLORAN
EXECUTIVE CO
- Total calculated
- $0
- Hours/week
- 1
-
Eduardo LaguerreEDUARDO LAGUERRE
BOARD CHAIRM
- Total calculated
- $0
- Hours/week
- 1
-
Carlos MedinaCARLOS MEDINA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Lisbel RosarioLISBEL ROSARIO
PTO PRESIDEN
- Total calculated
- $0
- Hours/week
- 1
-
Dr James StenersonDR JAMES STENERSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
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
None.
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
- 2022
- Filed
- 1 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202313199349325916
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