Totals
- Total revenue
- $53,336,408
- Total expenses
- $55,656,404
- Contributions and grants received
- $52,952,435
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $383,973
- Total assets, end of year
- $19,210,645
- Total liabilities, end of year
- $1,434,976
- Net assets or fund balances, end of year
- $17,775,669
- Program services expenses (Part IX)
- $35,547,552
- Management and general expenses
- $20,108,852
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $35,547,552
Program services were 63.9% 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)
$50,659,247
-
1f · All other contributions, gifts and grants
$2,293,188
-
2a · Program service revenue: FOOD & AFTER SCHOOL PROGRAMS
total $0 · unrelated business $0 · excluded $0
-
11a · Other revenue: MISCELLANEOUS
total $383,973 · related or exempt $383,973 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$383,973
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $2,576,473 · program services $1,030,589 · management and general $1,545,884 · fundraising $0
-
7 · Other salaries and wages
total $20,651,795 · program services $12,736,527 · management and general $7,915,268 · fundraising $0
-
8 · Pension plan contributions
total $1,089,197 · program services $435,679 · management and general $653,518 · fundraising $0
-
9 · Other employee benefits
total $7,630,241 · program services $4,522,353 · management and general $3,107,888 · fundraising $0
-
10 · Payroll taxes
total $1,776,962 · program services $1,053,184 · management and general $723,778 · fundraising $0
-
11b · Fees: legal
total $131,485 · program services $0 · management and general $131,485 · fundraising $0
-
11c · Fees: accounting
total $247,168 · program services $0 · management and general $247,168 · fundraising $0
-
11g · Fees: other
total $9,890,932 · program services $5,934,559 · management and general $3,956,373 · fundraising $0
-
16 · Occupancy
total $4,015,768 · program services $4,015,768 · management and general $0 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $1,316,136 · program services $1,134,457 · management and general $181,679 · fundraising $0
-
23 · Insurance
total $190,066 · program services $190,066 · management and general $0 · fundraising $0
-
24a · Other expenses: MISCELLANEOUS
total $1,208,894 · program services $987,719 · management and general $221,175 · fundraising $0
-
24b · Other expenses: SUPPLIES
total $2,110,747 · program services $1,416,057 · management and general $694,690 · fundraising $0
-
24c · Other expenses: STUDENT TRANSPORTATION
total $716,313 · program services $0 · management and general $716,313 · fundraising $0
-
24d · Other expenses: COMMUNICATION & TELEPHONE
total $34,083 · program services $20,450 · management and general $13,633 · fundraising $0
-
24e · All other expenses
total $2,070,144 · program services $2,070,144 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $11,013,362 · end of year $7,331,788
-
2 · Savings and temporary cash investments
beginning of year $75,000 · end of year $75,000
-
3 · Pledges and grants receivable
beginning of year $5,258,833 · end of year $1,807,341
-
10a · Land, buildings and equipment: cost or other basis
$13,246,897
-
10b · Land, buildings and equipment: accumulated depreciation
$5,163,207
-
10c · Land, buildings and equipment, net
beginning of year $5,766,305 · end of year $8,083,690
-
15 · Other assets
beginning of year $1,716,930 · end of year $1,912,826
-
17 · Accounts payable and accrued expenses
beginning of year $933,850 · end of year $229,558
-
19 · Deferred revenue
beginning of year $2,266,972 · end of year $1,136,040
-
25 · Other liabilities
beginning of year $533,943 · end of year $69,378
-
27 · Net assets without donor restrictions
beginning of year $20,095,665 · end of year $17,775,669
Mission and programs · 2022
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 SCHOOL'S 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 SCHOOL'S OVERARCHING MISSION IS TO PREPARE STUDENTS TO SUCCEED IN COLLEGE.
-
THE CHARTER SCHOOL COMPLETED THE 2022-2023 FISCAL YEAR WITH AN AVERAGE DAILY ENROLLMENT OF 1,980 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, 2023, 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 $35,547,552
As filed on the 2022 return.
Listed in Part VII
-
Richard Hernandez EsqRICHARD HERNANDEZ ESQ
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Brian NevelBRIAN NEVEL
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Dr Karma WarrenDR KARMA WARREN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Allison BowmanALLISON BOWMAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Peter HantesPETER HANTES
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Everett JohnsonEVERETT JOHNSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Michael DuffyMICHAEL DUFFY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Tenia PetersonTENIA PETERSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Jared TailleferJARED TAILLEFER
EXECUTIVE DIRECTOR
- Total calculated
- $246,776
- From this org
- $242,064
- From related orgs
- $0
- Other
- $4,712
- Hours/week
- 60
Schedule J breakdown matched by us
- Base
- $242,064
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $4,712
- Filer's total
- $246,776
-
Chiffon RushfordCHIFFON RUSHFORD
CHIEF SCHOOLS OFFICER
- Total calculated
- $181,613
- From this org
- $167,182
- From related orgs
- $0
- Other
- $14,431
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $167,182
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $14,431
- Filer's total
- $181,613
-
Christian GibbsCHRISTIAN GIBBS
CHIEF FINANCIAL OFFICER
- Total calculated
- $154,653
- From this org
- $140,222
- From related orgs
- $0
- Other
- $14,431
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $140,222
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $14,431
- Filer's total
- $154,653
-
Lisa PowellLISA POWELL
CHIEF ACADEMIC OFFICER
- Total calculated
- $178,105
- From this org
- $165,182
- From related orgs
- $0
- Other
- $12,923
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $165,182
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $12,923
- Filer's total
- $178,105
-
Valerie CornerVALERIE CORNER
COMPTROLLER
- Total calculated
- $117,515
- From this org
- $104,592
- From related orgs
- $0
- Other
- $12,923
- Hours/week
- 40
-
Dominick DifalcoDOMINICK DIFALCO
CHIEF STRATEGY OFFICER
- Total calculated
- $168,406
- From this org
- $155,483
- From related orgs
- $0
- Other
- $12,923
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $155,483
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $12,923
- Filer's total
- $168,406
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
- 2022
- Filed
- 5 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202431269349300003
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