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Nonprofiteer
← ROCHESTER ACADEMY OF SCIENCE CHARTER SCHOOL

Form 990 for tax year 2022

Filed by ROCHESTER ACADEMY OF SCIENCE CHARTER SCHOOL.

Totals

Total revenue
$2,595,340
Total expenses
$2,173,928
Contributions and grants received
$1,489,030
Grants paid
$0
Program service revenue
$1,079,696
Investment income
$78
Other revenue
$26,536
Total assets, end of year
$6,503,634
Total liabilities, end of year
$6,191,138
Net assets or fund balances, end of year
$312,496
Program services expenses (Part IX)
$1,753,918
Management and general expenses
$420,010
Fundraising expenses
$0
Program service expenses (Part III)
$1,753,918

Program services were 80.7% 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.

  • 1d · Related organizations

    $390,000

  • 1e · Government grants (contributions)

    $1,099,030

  • 2a · Program service revenue: RESIDENT STUDENT ENROL

    total $1,049,675 · related or exempt $1,049,675

  • 2b · Program service revenue: STUDENTS WITH DISABILI

    total $30,021 · related or exempt $30,021

  • 3 · Investment income

    total $78 · excluded $78

  • 11a · Other revenue: OTHER INCOME

    total $26,536 · excluded $26,536

  • 11e · Other revenue, total

    $26,536

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $64,723 · management and general $64,723

  • 7 · Other salaries and wages

    total $786,183 · program services $630,688 · management and general $155,495

  • 8 · Pension plan contributions

    total $56,078 · program services $41,565 · management and general $14,513

  • 9 · Other employee benefits

    total $45,162 · program services $33,474 · management and general $11,688

  • 10 · Payroll taxes

    total $73,718 · program services $54,640 · management and general $19,078

  • 11b · Fees: legal

    total $2,707 · management and general $2,707

  • 11c · Fees: accounting

    total $47,115 · management and general $47,115

  • 11g · Fees: other

    total $3,000 · management and general $3,000

  • 12 · Advertising and promotion

    total $27,655 · program services $24,890 · management and general $2,765

  • 13 · Office expenses

    total $54,167 · program services $48,750 · management and general $5,417

  • 14 · Information technology

    total $39,148 · program services $35,232 · management and general $3,916

  • 16 · Occupancy

    total $23,632 · program services $21,270 · management and general $2,362

  • 19 · Conferences, conventions and meetings

    total $13,259 · program services $11,933 · management and general $1,326

  • 20 · Interest

    total $253,065 · program services $227,758 · management and general $25,307

  • 22 · Depreciation, depletion and amortization

    total $135,381 · program services $121,843 · management and general $13,538

  • 23 · Insurance

    total $34,760 · program services $31,284 · management and general $3,476

  • 24a · Other expenses: SHARED SERVICES

    total $246,322 · program services $221,690 · management and general $24,632

  • 24b · Other expenses: REPAIRS AND MAINTENANCE

    total $116,951 · program services $105,257 · management and general $11,694

  • 24c · Other expenses: SUPPLIES

    total $91,661 · program services $91,661

  • 24d · Other expenses: OTHER EXPENSES

    total $23,373 · program services $18,339 · management and general $5,034

  • 24e · All other expenses

    total $35,868 · program services $33,644 · management and general $2,224

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,916 · end of year $675,101

  • 3 · Pledges and grants receivable

    end of year $60,906

  • 9 · Prepaid expenses and deferred charges

    end of year $5,181

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

    $5,897,827

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

    $135,381

  • 10c · Land, buildings and equipment, net

    beginning of year $61,816 · end of year $5,762,446

  • 15 · Other assets

    beginning of year $172,913 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $58,786 · end of year $232,346

  • 24 · Unsecured notes and loans payable

    beginning of year $290,000

  • 25 · Other liabilities

    beginning of year $1,775 · end of year $5,958,792

  • 27 · Net assets without donor restrictions

    beginning of year -$108,916 · end of year $312,496

Mission and programs · 2022

Mission

ROCHESTER ACADEMY OF SCIENCE CHARTER SCHOOL (THE SCHOOL) IS A NOT-FOR-PROFIT EDUCATION CORPORATION THAT OPERATES KINDERGARTEN THROUGH 12TH GRADES AND IS DEDICATED TO PROVIDING QUALITY EDUCATION TO A DIVERSE BODY OF STUDENTS IN THE ROCHESTER REGION OF NEW YORK STATE. THE SCHOOL CONTINUALLY PROVIDES A RIGOROUS, INNOVATIVE AND ENHANCED CURRICULUM - HIGHLIGHTING SCIENCE, TECHNOLOGY, ENGINEERING AND MATH (STEM) - IN ORDER TO PREPARESTUDENTS FOR SUCCESSFUL FUTURES IN THE GLOBAL ENVIRONMENT.

Activities or mission (Part I)

ROCHESTER ACADEMY OF SCIENCE CHARTER SCHOOL WILL PROVIDE AN EXCELLENT K-12 ACADEMIC EXPERIENCE THAT ENSURES ALL STUDENTS ARE PREPARED FOR COLLEGE AND CAREERS OF THE HIGHEST POTENTIAL AS ACADEMICALLY, SOCIALLY, EMOTIONALLY AND PHYSICALLY WELL-ROUNDED AND CONTRIBUTING CITIZENS.

  • REGULAR EDUCATION: THE SCHOOL'S CURRICULUM IS FOCUSED ON SCIENCE, TECHNOLOGY, ENGINEERING, AND MATH. THE SCHOOL MAINTAINS HIGH EXPECTATIONS FOR STUDENTS AND PROVIDES VARIED OPPORTUNITIES FOR STUDENTS TO GAIN SKILLS NECESSARY TO BE COMPETITIVE IN THE 21ST CENTURY MARKETPLACE.

    Expenses $1,569,638 · Revenue $1,049,675

  • SPECIAL EDUCATION: THE SCHOOL IS OPEN TO ALL CHILDREN AND DOES NOT DISCRIMINATE BASED ON ETHNICITY, NATIONAL ORIGIN, GENDER, DISABILITY OR ANY OTHER GROUNDS THAT WOULD BE UNLAWFUL OR DENY THE CIVIL RIGHTS OF ANY INDIVIDUAL IN ACCORDANCE WITH THE INDIVIDUALS WITH DISABILITIES EDUCATION ACT, THE REHABILITATION ACT SECTION 504, AND THE AMERICANS WITH DISABILITIES ACT, THE SCHOOL PROVIDES A FREE AND APPROPRIATE EDUCATION IN THE LEAST RESTRICTIVE ENVIRONMENT TO STUDENTS WITH DISABILITIES. THE PRIMARY SERVICE DELIVERY FOR STUDENTS WITH SPECIAL NEEDS IS INCLUSION. SERVICES FOR STUDENTS REQUIRING SUPPLEMENTAL SERVICES ARE PROVIDED BY THE ROCHESTER CITY SCHOOL DISTRICT.

    Expenses $114,822 · Revenue $30,021

  • OTHER EDUCATIONAL SERVICES.

    Expenses $69,458

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • David Banks

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • Mustafa Gokcek

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • Betty Jean Grant

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Ismet Mamnoon

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • Karen Wallace

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • Dr Joseph Polat

    CEO

    Total calculated
    $217,913
    From this org
    $0
    From related orgs
    $185,315
    Other
    $32,598
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $185,315 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $18,161 related
    Nontaxable benefits
    $0 + $14,437 related
    Filer's total
    $0 + $217,913 related

  • Hakan Aktar

    DIRECTOR OF FINANCE

    Total calculated
    $126,748
    From this org
    $0
    From related orgs
    $102,287
    Other
    $24,461
    Hours/week
    0.5 + 40 related

  • Justin Braun

    PRINCIPAL

    Total calculated
    $137,629
    From this org
    $0
    From related orgs
    $120,731
    Other
    $16,898
    Hours/week
    40

  • David McBride

    PRINCIPAL

    Total calculated
    $112,199
    From this org
    $64,723
    From related orgs
    $37,462
    Other
    $10,014
    Hours/week
    0.4

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
1 March 2024
IRS schema version
2022v5.0
Source object
202420649349301002

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