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← ROCHESTER ACADEMY CHARTER SCHOOL

Form 990 for tax year 2023

Filed by ROCHESTER ACADEMY CHARTER SCHOOL.

Totals

Total revenue
$16,308,474
Total expenses
$13,426,820
Contributions and grants received
$3,745,550
Grants paid
$0
Program service revenue
$12,194,884
Investment income
$331,924
Other revenue
$36,116
Total assets, end of year
$19,394,021
Total liabilities, end of year
$3,414,817
Net assets or fund balances, end of year
$15,979,204
Program services expenses (Part IX)
$11,843,382
Management and general expenses
$1,583,438
Fundraising expenses
$0
Program service expenses (Part III)
$11,843,382

Program services were 88.2% 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)

    $2,120,439

  • 1f · All other contributions, gifts and grants

    $1,625,111

  • 1g · Noncash contributions included above

    $83,160

  • 2a · Program service revenue: Resident Student Enrollment

    total $11,505,808 · related or exempt $11,505,808

  • 2b · Program service revenue: Special Education Income

    total $689,076 · related or exempt $689,076

  • 3 · Investment income

    total $331,924 · excluded $331,924

  • 11a · Other revenue: Miscellaneous Income

    total $36,116 · related or exempt $36,116

  • 11e · Other revenue, total

    $36,116

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $321,870 · management and general $321,870

  • 7 · Other salaries and wages

    total $7,265,548 · program services $6,521,876 · management and general $743,672

  • 8 · Pension plan contributions

    total $605,044 · program services $546,162 · management and general $58,882

  • 9 · Other employee benefits

    total $1,181,120 · program services $1,071,585 · management and general $109,535

  • 10 · Payroll taxes

    total $555,527 · program services $482,396 · management and general $73,131

  • 11b · Fees: legal

    total $40,409 · management and general $40,409

  • 11c · Fees: accounting

    total $15,974 · management and general $15,974

  • 11g · Fees: other

    total $581,255 · program services $538,558 · management and general $42,697

  • 12 · Advertising and promotion

    total $5,486 · program services $5,102 · management and general $384

  • 13 · Office expenses

    total $275,498 · program services $268,256 · management and general $7,242

  • 14 · Information technology

    total $118,947 · program services $110,621 · management and general $8,326

  • 16 · Occupancy

    total $1,022,453 · program services $950,882 · management and general $71,571

  • 20 · Interest

    total $267,699 · program services $243,606 · management and general $24,093

  • 22 · Depreciation, depletion and amortization

    total $535,734 · program services $498,233 · management and general $37,501

  • 23 · Insurance

    total $264,466 · program services $245,953 · management and general $18,513

  • 24a · Other expenses: Field Trips and Extra C

    total $246,743 · program services $246,743

  • 24b · Other expenses: Staff Developement

    total $86,930 · program services $86,930

  • 24c · Other expenses: Travel and Board Member

    total $15,115 · program services $5,477 · management and general $9,638

  • 24d · Other expenses: Memberships

    total $12,283 · program services $12,283

  • 24e · All other expenses

    total $8,719 · program services $8,719

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,812,808 · end of year $7,181,587

  • 2 · Savings and temporary cash investments

    beginning of year $400,580 · end of year $2

  • 3 · Pledges and grants receivable

    beginning of year $2,181,884 · end of year $510,142

  • 4 · Accounts receivable

    beginning of year $330,313 · end of year $151,574

  • 8 · Inventories for sale or use

    beginning of year $9,305 · end of year $9,305

  • 9 · Prepaid expenses and deferred charges

    beginning of year $245,744 · end of year $429,273

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

    $13,134,368

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

    $2,143,740

  • 10c · Land, buildings and equipment, net

    beginning of year $11,469,461 · end of year $10,990,628

  • 15 · Other assets

    beginning of year $0 · end of year $121,510

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,772,574 · end of year $1,629,099

  • 23 · Secured mortgages and notes payable

    beginning of year $4,579,971 · end of year $1,664,208

  • 25 · Other liabilities

    beginning of year $0 · end of year $121,510

  • 27 · Net assets without donor restrictions

    beginning of year $13,097,550 · end of year $15,979,204

Mission and programs · 2023

Mission

The mission of the Rochester Academy Charter School (RACS) is to provide students with rigorous, challenging academics through hands-on, meaningful learning opportunities that will provide students with the skills necessary to be successful academically, socially, and emotionally.

Activities or mission (Part I)

The mission of the Rochester Academy Charter School(RACS) is to prepare the whole child for a rapidly changingworld by cultivating the knowledge, critical thinking skills andpersonal character to succeed in college or a career of choice. RACS is committed to creating an environment of respect andinclusion that both acknowledges and supports the diversity ofthe RACS school community.

  • REGULAR EDUCATION: The School curriculum is focused on mathematics and sciences. The School also integrates multi-cultural themes into the curriculum through not only geography and foreign languages but through each subject area. All courses align with the New York State Learning Standards.In addition the school generated $3,633,277 in government contributions included on form 990, Page 9, Part VIII, line 1e.

    Expenses $10,717,083 · Revenue $11,541,924

  • SPECIAL EDUCATION: The School is open to all children and does not discriminate on the basis of 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, and 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.In addition the school generated $112,273 in government contributions included on form 990, Page 9, Part VIII, line 1e.

    Expenses $1,126,299 · Revenue $689,076

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

Listed in Part VII

  • Dr William Middleton

    President

    Total calculated
    $0
    Hours/week
    1.3

  • Joann Santos

    Vice Chair

    Total calculated
    $0
    Hours/week
    1

  • D Jean Calder

    Member

    Total calculated
    $0
    Hours/week
    1

  • Cheryl Sampson

    Member

    Total calculated
    $0
    Hours/week
    1

  • Saliha Al

    Member

    Total calculated
    $0
    Hours/week
    1

  • Gerald Tillery

    Member

    Total calculated
    $0
    Hours/week
    1

  • Mehmet Demirtas

    Director/CEO

    Total calculated
    $157,349
    From this org
    $119,106
    From related orgs
    $0
    Other
    $38,243
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $119,106
    Bonus
    $0
    Other
    $0
    Deferred
    $11,940
    Nontaxable benefits
    $26,303
    Filer's total
    $157,349

  • Demir Ozcan

    Business Administrator

    Total calculated
    $141,817
    From this org
    $104,989
    From related orgs
    $0
    Other
    $36,828
    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. 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 · Compensation survey or study
  • 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
2023
Filed
22 January 2025
IRS schema version
2023v6.0
Source object
202510699349300971

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