← SCIENCE ACADEMIES OF NEW YORK CHARTER SCHOOLS

Form 990 for tax year 2022

Filed by SCIENCE ACADEMIES OF NEW YORK CHARTER SCHOOLS.

Totals

Total revenue: $44,223,623
Total expenses: $37,474,631
Contributions and grants received: $6,961,380
Grants paid: $0
Program service revenue: $36,564,892
Investment income: $361,515
Other revenue: $335,836
Total assets, end of year: $55,732,899
Total liabilities, end of year: $14,435,149
Net assets or fund balances, end of year: $41,297,750
Program services expenses (Part IX): $31,097,487
Management and general expenses: $6,377,144
Fundraising expenses: $0
Program service expenses (Part III): $31,097,487

Program services were 83.0% 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)

$6,888,380
1f · All other contributions, gifts and grants

$73,000
1g · Noncash contributions included above

$203,605
2a · Program service revenue: Public School District

total $34,477,172 · related or exempt $34,477,172
2b · Program service revenue: Food Service

total $2,087,720 · related or exempt $2,087,720
3 · Investment income

total $361,515 · excluded $361,515
11a · Other revenue: Other Related Revenue

total $335,836 · related or exempt $335,836
11e · Other revenue, total

$335,836

Functional expenses

Part IX, the statement of functional expenses.

5 · Compensation of officers, directors and key employees

total $454,382 · management and general $454,382
7 · Other salaries and wages

total $19,052,473 · program services $14,720,838 · management and general $4,331,635
8 · Pension plan contributions

total $1,708,988 · program services $1,594,282 · management and general $114,706
9 · Other employee benefits

total $2,873,321 · program services $2,873,321
10 · Payroll taxes

total $1,381,539 · program services $1,078,814 · management and general $302,725
11b · Fees: legal

total $109,918 · management and general $109,918
11g · Fees: other

total $477,751 · program services $449,356 · management and general $28,395
12 · Advertising and promotion

total $134,756 · program services $91,098 · management and general $43,658
13 · Office expenses

total $1,174,184 · program services $1,100,076 · management and general $74,108
14 · Information technology

total $622,226 · program services $516,170 · management and general $106,056
16 · Occupancy

total $4,173,265 · program services $3,786,824 · management and general $386,441
22 · Depreciation, depletion and amortization

total $2,071,401 · program services $1,967,831 · management and general $103,570
23 · Insurance

total $292,183 · program services $258,658 · management and general $33,525
24a · Other expenses: Food Services

total $1,829,628 · program services $1,829,628
24b · Other expenses: Student Services

total $470,719 · program services $470,719
24c · Other expenses: Professional Developmen

total $377,260 · program services $275,771 · management and general $101,489
24d · Other expenses: Bad Debt

total $2,275 · management and general $2,275
24e · All other expenses

total $268,362 · program services $84,101 · management and general $184,261

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $6,622,443 · end of year $5,423,298
2 · Savings and temporary cash investments

beginning of year $1,257,530 · end of year $325,372
3 · Pledges and grants receivable

beginning of year $3,683,153 · end of year $6,202,970
4 · Accounts receivable

beginning of year $1,114,568 · end of year $466,648
9 · Prepaid expenses and deferred charges

beginning of year $479,387 · end of year $615,683
10a · Land, buildings and equipment: cost or other basis

$22,895,090
10b · Land, buildings and equipment: accumulated depreciation

$7,831,722
10c · Land, buildings and equipment, net

beginning of year $14,624,042 · end of year $15,063,368
11 · Investments: publicly traded securities

beginning of year $9,455,189 · end of year $9,914,288
15 · Other assets

beginning of year $225,779 · end of year $17,721,272
17 · Accounts payable and accrued expenses

beginning of year $2,378,824 · end of year $3,049,553
21 · Escrow or custodial account liability

beginning of year $114,066 · end of year $120,879
25 · Other liabilities

beginning of year $644,567 · end of year $11,264,717
27 · Net assets without donor restrictions

beginning of year $34,324,634 · end of year $41,297,750

Mission and programs · 2022

Mission

See Schedule OScience Academies of New York Charter Schools will provide support, challenges and opportunities for its students, and it will instill the necessary skills and knowledge in math, science, and technology to empower students, through high intellectual standards, preparing them for college, career, and citizenship. The schools seek to graduate students who can think critically and creatively, who are committed to a lifetime of learning and civic involvement, and who are conscious of local, global, and environmental issues.

Activities or mission (Part I)

The Schools seek to graduate students who can think critically and creatively.

REGULAR EDUCATION: The Science Academies of New York Charter Schools' (The Schools) curriculum is focused on mathematics, science, and technology. The Schools seek to graduate students who can think critically and creatively, who are committed to a lifetime of learning and civic involvement, and who are conscious of local, global, and environmental issues. All courses are aligned to the New York State Learning Standards.

Expenses $26,325,608 · Revenue $33,313,891
SPECIAL EDUCATION: The Science Academies of New York Charter Schools (The Schools) are 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, 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 Syracuse and Utica City School Districts.

Expenses $2,346,554 · Revenue $1,163,281
FOOD SERVICE: The Healthy, Hunger-Free Kids Act of 2010 main goal is to improve child nutrition. The Science Academies of New York Charter Schools (The Schools) participate in the National School Lunch Program to provide our students grades K-12 healthy options for breakfast and lunch. This program is offered to all students to promote wellness, prevent and reduce childhood obesity, and encourage students to make healthy choices. Eating nutritious meals daily will help students improve academically and also improve children's lifelong eating and physical activity habits. Participating in the National School Lunch Program also provides nutritionally balanced, low-cost or free lunches to every student each school day. The Schools' goal is to ensure all students including low-income households receive the same nutritional value regardless of their financial situation.

Expenses $1,829,628 · Revenue $2,087,720
Expenses $595,697 · Revenue $335,836

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

Listed in Part VII

Fehmi Damkaci

Board President

Total calculated

$0

Hours/week

8
Murat Baysal

Vice President/Secretary

Total calculated

$0

Hours/week

1
Jawwaad Rasheed

Trustee/Member

Total calculated

$0

Hours/week

1
Coskun Cetinkaya

Treasurer

Total calculated

$0

Hours/week

1
Lindsay Cray

Member

Total calculated

$0

Hours/week

1
Jodi De Augustine

Member

Total calculated

$0

Hours/week

1
Samantha Turnquest

Trustee/Member

Total calculated

$0

Hours/week

1
Tolga Hayali

Superintendent

Total calculated

$249,092

From this org

$205,144

From related orgs

$0

Other

$43,948

Hours/week

40

Schedule J breakdown matched by us

Base

$205,144

Bonus

$0

Other

$0

Deferred

$21,981

Nontaxable benefits

$21,967

Filer's total

$249,092
Yusuf Aykar

Assistant Superintendent

Total calculated

$203,523

From this org

$165,242

From related orgs

$0

Other

$38,281

Hours/week

40

Schedule J breakdown matched by us

Base

$165,242

Bonus

$0

Other

$0

Deferred

$16,314

Nontaxable benefits

$21,967

Filer's total

$203,523
Bekir Duz

Assistant Superintendent

Total calculated

$193,929

From this org

$155,089

From related orgs

$0

Other

$38,840

Hours/week

40

Schedule J breakdown matched by us

Base

$155,089

Bonus

$0

Other

$0

Deferred

$16,873

Nontaxable benefits

$21,967

Filer's total

$193,929
Yavuz Kadir

Director of Information

Total calculated

$171,403

From this org

$134,811

From related orgs

$0

Other

$36,592

Hours/week

40

Schedule J breakdown matched by us

Base

$134,811

Bonus

$0

Other

$0

Deferred

$14,625

Nontaxable benefits

$21,967

Filer's total

$171,403

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 · 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

The filer's explanations (Part III)

Part I, Line 3: The Superintendent's salary was approved by the board and was included in a written employment agreement.

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: 15 November 2023
IRS schema version: 2022v5.0
Source object: 202323199349321377

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