← SCIENCE ACADEMIES OF NEW YORK CHARTER SCHOOLS

Form 990 for tax year 2023

Filed by SCIENCE ACADEMIES OF NEW YORK CHARTER SCHOOLS.

Totals

Total revenue: $50,684,983
Total expenses: $41,559,616
Contributions and grants received: $8,004,923
Grants paid: $0
Program service revenue: $41,904,034
Investment income: $654,889
Other revenue: $121,137
Total assets, end of year: $65,783,682
Total liabilities, end of year: $14,668,518
Net assets or fund balances, end of year: $51,115,164
Program services expenses (Part IX): $34,749,280
Management and general expenses: $6,810,336
Fundraising expenses: $0
Program service expenses (Part III): $34,749,280

Program services were 83.6% 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)

$7,841,923
1f · All other contributions, gifts and grants

$163,000
1g · Noncash contributions included above

$336,802
2a · Program service revenue: Public School District

total $39,583,599 · related or exempt $39,583,599
2b · Program service revenue: Food Service

total $2,320,435 · related or exempt $2,320,435
3 · Investment income

total $654,889 · excluded $654,889
11a · Other revenue: Other Related Revenue

total $121,137 · related or exempt $121,137
11e · Other revenue, total

$121,137

Functional expenses

Part IX, the statement of functional expenses.

5 · Compensation of officers, directors and key employees

total $519,157 · management and general $519,157
7 · Other salaries and wages

total $22,159,278 · program services $17,588,309 · management and general $4,570,969
8 · Pension plan contributions

total $1,687,419 · program services $1,558,023 · management and general $129,396
9 · Other employee benefits

total $2,782,004 · program services $2,782,004
10 · Payroll taxes

total $2,008,559 · program services $1,650,522 · management and general $358,037
11b · Fees: legal

total $113,288 · management and general $113,288
11g · Fees: other

total $521,020 · program services $432,825 · management and general $88,195
12 · Advertising and promotion

total $125,438 · program services $53,767 · management and general $71,671
13 · Office expenses

total $1,202,858 · program services $1,159,292 · management and general $43,566
14 · Information technology

total $349,220 · program services $307,740 · management and general $41,480
16 · Occupancy

total $4,180,708 · program services $3,776,392 · management and general $404,316
22 · Depreciation, depletion and amortization

total $2,263,689 · program services $2,150,504 · management and general $113,185
23 · Insurance

total $379,814 · program services $340,174 · management and general $39,640
24a · Other expenses: Food Services

total $2,117,364 · program services $2,117,364
24b · Other expenses: Student Services

total $516,178 · program services $516,178
24c · Other expenses: Professional Developmen

total $385,606 · program services $253,511 · management and general $132,095
24d · Other expenses: Bad Debt

total $14,343 · management and general $14,343
24e · All other expenses

total $233,673 · program services $62,675 · management and general $170,998

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $5,423,298 · end of year $12,209,578
2 · Savings and temporary cash investments

beginning of year $325,372 · end of year $406,329
3 · Pledges and grants receivable

beginning of year $6,202,970 · end of year $4,569,034
4 · Accounts receivable

beginning of year $466,648 · end of year $872,147
9 · Prepaid expenses and deferred charges

beginning of year $615,683 · end of year $194,403
10a · Land, buildings and equipment: cost or other basis

$26,628,515
10b · Land, buildings and equipment: accumulated depreciation

$10,095,410
10c · Land, buildings and equipment, net

beginning of year $15,063,368 · end of year $16,533,105
11 · Investments: publicly traded securities

beginning of year $9,914,288 · end of year $10,773,845
15 · Other assets

beginning of year $17,721,272 · end of year $20,225,241
17 · Accounts payable and accrued expenses

beginning of year $3,049,553 · end of year $5,154,982
21 · Escrow or custodial account liability

beginning of year $120,879 · end of year $134,067
25 · Other liabilities

beginning of year $11,264,717 · end of year $9,379,469
27 · Net assets without donor restrictions

beginning of year $41,297,750 · end of year $51,115,164

Mission and programs · 2023

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 $29,136,090 · Revenue $37,974,000
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, Utica, and Rochester City School Districts.

Expenses $2,860,623 · Revenue $1,609,599
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 $2,117,364 · Revenue $2,320,435
EXTRA CURRICULAR: These are the activities that are offered to the students beyond the regular/special education services. Extracurricular activities would enrich the students' lives by giving them an opportunity to explore their physical, creative, social, political, and career interests. SAS funds some of the extracurricular activities and some other activities are funded by fundraising which are done by students/parents/teachers.

Expenses $635,203 · Revenue $121,137

As filed on the 2023 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
Lindsay Cray

Member

Total calculated

$0

Hours/week

1
Jodi DeAugustine

Member

Total calculated

$0

Hours/week

1
Samantha Turnquest

Trustee/Member

Total calculated

$0

Hours/week

1
Halil Zaim

Member

Total calculated

$0

Hours/week

1
Tolga Hayali

Superintendent

Total calculated

$269,066

From this org

$223,360

From related orgs

$0

Other

$45,706

Hours/week

40

Schedule J breakdown matched by us

Base

$223,360

Bonus

$0

Other

$0

Deferred

$22,757

Nontaxable benefits

$22,949

Filer's total

$269,066
Yusuf Aykar

Assistant Superintendent

Total calculated

$229,378

From this org

$187,103

From related orgs

$0

Other

$42,275

Hours/week

40

Schedule J breakdown matched by us

Base

$187,103

Bonus

$0

Other

$0

Deferred

$19,326

Nontaxable benefits

$22,949

Filer's total

$229,378
Bekir Duz

Assistant Superintendent

Total calculated

$212,683

From this org

$172,104

From related orgs

$0

Other

$40,579

Hours/week

40

Schedule J breakdown matched by us

Base

$172,104

Bonus

$0

Other

$0

Deferred

$17,630

Nontaxable benefits

$22,949

Filer's total

$212,683
Kadir Yavuz - Director of Informati

and Instructional Technologies

Total calculated

$187,358

From this org

$149,183

From related orgs

$0

Other

$38,175

Hours/week

40

Schedule J breakdown matched by us

Base

$149,183

Bonus

$0

Other

$0

Deferred

$15,307

Nontaxable benefits

$22,868

Filer's total

$187,358
Pamela Geremski

School Dean

Total calculated

$135,124

From this org

$111,662

From related orgs

$0

Other

$23,462

Hours/week

1

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: 2023
Filed: 12 November 2024
IRS schema version: 2023v5.1
Source object: 202403199349303125

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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