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← PATERSON ARTS AND SCIENCE CHARTER SCHOOL

Form 990 for tax year 2023

Filed by PATERSON ARTS AND SCIENCE CHARTER SCHOOL.

Totals

Total revenue
$32,793,034
Total expenses
$27,569,174
Contributions and grants received
$29,738,486
Grants paid
$0
Program service revenue
$59,787
Investment income
$572,610
Other revenue
$2,422,151
Total assets, end of year
$19,649,528
Total liabilities, end of year
$621,160
Net assets or fund balances, end of year
$19,028,368
Program services expenses (Part IX)
$19,607,585
Management and general expenses
$7,961,589
Fundraising expenses
$0
Program service expenses (Part III)
$19,607,585

Program services were 71.1% 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)

    $29,738,486

  • 2a · Program service revenue: FOOD SERVICE

    total $59,668 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: AFTER SCHOOL PROGRAM

    total $119 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $572,610 · unrelated business $0 · excluded $0

  • 11a · Other revenue: MISCELLANEOUS

    total $100,777 · related or exempt $100,777 · unrelated business $0 · excluded $0

  • 11b · Other revenue: EMPLOYEE RETENTION TAX CREDIT

    total $2,321,374 · related or exempt $2,321,374 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $2,422,151

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $349,057 · program services $139,623 · management and general $209,434 · fundraising $0

  • 7 · Other salaries and wages

    total $11,624,057 · program services $7,858,713 · management and general $3,765,344 · fundraising $0

  • 8 · Pension plan contributions

    total $284,160 · program services $113,664 · management and general $170,496 · fundraising $0

  • 9 · Other employee benefits

    total $4,019,776 · program services $2,685,310 · management and general $1,334,466 · fundraising $0

  • 10 · Payroll taxes

    total $915,943 · program services $611,872 · management and general $304,071 · fundraising $0

  • 11b · Fees: legal

    total $21,429 · program services $0 · management and general $21,429 · fundraising $0

  • 11c · Fees: accounting

    total $56,375 · program services $0 · management and general $56,375 · fundraising $0

  • 11g · Fees: other

    total $4,061,497 · program services $2,436,898 · management and general $1,624,599 · fundraising $0

  • 16 · Occupancy

    total $2,880,654 · program services $2,880,654 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $379,920 · program services $326,731 · management and general $53,189 · fundraising $0

  • 23 · Insurance

    total $151,676 · program services $151,676 · management and general $0 · fundraising $0

  • 24a · Other expenses: MISCELLANEOUS

    total $255,959 · program services $119,715 · management and general $136,244 · fundraising $0

  • 24b · Other expenses: SUPPLIES

    total $1,307,656 · program services $1,030,887 · management and general $276,769 · fundraising $0

  • 24c · Other expenses: STUDENT TRANSPORTATION

    total $54,514 · program services $54,514 · management and general $0 · fundraising $0

  • 24d · Other expenses: COMMUNICATION/TELEPHONE

    total $22,933 · program services $13,760 · management and general $9,173 · fundraising $0

  • 24e · All other expenses

    total $1,183,568 · program services $1,183,568 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,888,124 · end of year $8,170,161

  • 2 · Savings and temporary cash investments

    beginning of year $75,000 · end of year $77,365

  • 4 · Accounts receivable

    beginning of year $484,872 · end of year $625,936

  • 8 · Inventories for sale or use

    beginning of year $8,784 · end of year $8,784

  • 9 · Prepaid expenses and deferred charges

    beginning of year $25,000 · end of year $25,000

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

    $2,098,374

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

    $1,284,416

  • 10c · Land, buildings and equipment, net

    beginning of year $665,489 · end of year $813,958

  • 12 · Investments: other securities

    beginning of year $7,029,851 · end of year $9,928,324

  • 17 · Accounts payable and accrued expenses

    beginning of year $341,283 · end of year $196,715

  • 19 · Deferred revenue

    beginning of year $0 · end of year $58,680

  • 25 · Other liabilities

    beginning of year $31,329 · end of year $365,765

  • 27 · Net assets without donor restrictions

    beginning of year $13,804,508 · end of year $19,028,368

Mission and programs · 2023

Mission

THE MISSION OF PATERSON ARTS AND SCIENCE CHARTER SCHOOL IS TO PROVIDE THE IDEAL ENVIRONMENT FOR THE INTELLECTUAL AND SOCIAL DEVELOPMENT OF ITS STUDENTS BY UTILIZING A COMBINED EFFORT OF STUDENTS, EDUCATORS, FAMILIES AND THE COMMUNITY AS A WHOLE, AND BY PROVIDING BOUNDLESS ACADEMIC AND CO-CURRICULAR OPPORTUNITIES FOR INDIVIDUAL SKILLS AND TALENTS TO DEVELOP.

  • PASSAIC ARTS AND SCIENCE CHARTER SCHOOL AIMS TO PROVIDE THE IDEAL ENVIRONMENT FOR THE INTELECTUAL AND SOCIAL DEVELOPMENT OF ALL OF ITS STUDENTS, UTILIZING THE COMBINED EFFORTS OF STUDENTS, EDUCATORS, FAMILIES AND THE COMMUNITY AS A WHOLE BY PROVIDING BOUNDLESS ACADEMIC AND CO-CURRICULAR OPPORTUNITIES FOR INDIVIDUAL SKILLS AND TALENTS TO DEVELOP. THE CHARTER SCHOOLS MISSION AND VISION ARE IN DIRECT ALLIGNMENT WITH THE SCIENCE, TECHNOLOGY, ENGINEERING, ARTS AND MATH (STEAM) PHILOSOPHY. STEAM IS AN INTERDISCIPLINARY EDUCATIONAL PHILOSOPHY THAT IS STRONGLY GROUNDED IN, AND SUPPORTED BY EDUCATIONAL RESEARCH. STEAM CHALLENGES OUR STUDENTS TO NOT ONLY LEARN THE CONTENT STANDARDS BUT ALSO TO APPLY THESE NEW KNOWLEDGE TO 21ST CENTURY SKILLS AND DISCOVERIES TO TACKLE THE EVOLVING REAL-WORLD CHALLENGES. THE CHARTER SCHOOL PROVIDED SERVICES TO APPROXIMATELY 1197 STUDENTS IN GRADES K-12 DURING THE FISCAL YEAR ENDED JUNE 30, 2024.

    Expenses $19,607,585

As filed on the 2023 return.

Listed in Part VII

  • Nilda Pardo

    BOARD PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Jennifer Yashiro

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Juan Infante

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Karen Sano

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Vanessa Tineo

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Nihat Guvercin

    CHIEF SCHOOL ADMINISTRATOR

    Total calculated
    $0
    Hours/week
    10

  • Mustafa Coban

    CHIEF FINANCIAL OFFICER/SCHOOL BUSINESS ADMINISTRATOR

    Total calculated
    $0
    Hours/week
    10

  • Christopher Lessard

    TREASURER OF SCHOOL MONIES

    Total calculated
    $5,400
    From this org
    $0
    From related orgs
    $0
    Other
    $5,400
    Hours/week
    10

  • Patrick Renahan

    SCHOOL DIRECTOR

    Total calculated
    $127,959
    From this org
    $114,029
    From related orgs
    $0
    Other
    $13,930
    Hours/week
    40

  • Shanyra Belfield

    SCHOOL DIRECTOR

    Total calculated
    $77,003
    From this org
    $73,008
    From related orgs
    $0
    Other
    $3,995
    Hours/week
    40

  • Vahit Sevinc

    SCHOOL DIRECTOR

    Total calculated
    $86,001
    From this org
    $72,071
    From related orgs
    $0
    Other
    $13,930
    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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
3 March 2025
IRS schema version
2023v6.0
Source object
202500629349301010

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