Form 990 for tax year 2024
Filed by PHILIPS ACADEMY CHARTER SCHOOL OF PATERSON INC.
Totals
- Total revenue
- $17,350,411
- Total expenses
- $17,713,271
- Contributions and grants received
- $17,332,472
- Grants paid
- $0
- Program service revenue
- $17,939
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $1,882,276
- Total liabilities, end of year
- $333,999
- Net assets or fund balances, end of year
- $1,548,277
- Program services expenses (Part IX)
- $15,821,231
- Management and general expenses
- $1,892,040
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $15,821,231
Program services were 89.3% 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)
$16,971,038
-
1f · All other contributions, gifts and grants
$361,434
-
2a · Program service revenue: Before/After Care Program
total $17,939
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $7,005,440 · program services $6,108,745 · management and general $896,695
-
8 · Pension plan contributions
total $1,949,697 · program services $1,949,697
-
9 · Other employee benefits
total $2,383,136 · program services $2,078,095 · management and general $305,041
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $0
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $1,791,102 · program services $1,561,841 · management and general $229,261
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $316,429 · program services $275,926 · management and general $40,503
-
24a · Other expenses: PROFESSIONAL AND TECNICAL SERVICES
total $1,527,684 · program services $1,332,141 · management and general $195,543
-
24b · Other expenses: OTHER PURCHASED SERVICES, FOOD PROGRAM
total $1,533,093 · program services $1,462,552 · management and general $70,541
-
24c · Other expenses: SUPPLIES, TEXTBOOKS, TRIPS
total $562,364 · program services $490,382 · management and general $71,982
-
24d · Other expenses: COMMUNICATION, UTILITY
total $380,437 · program services $331,741 · management and general $48,696
-
24e · All other expenses
total $263,889 · program services $230,111 · management and general $33,778
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,504,366 · end of year $1,440,463
-
4 · Accounts receivable
beginning of year $231,201 · end of year $178,828
-
9 · Prepaid expenses and deferred charges
beginning of year $164,969 · end of year $162,985
-
15 · Other assets
beginning of year $191,000 · end of year $100,000
-
17 · Accounts payable and accrued expenses
beginning of year $180,399 · end of year $294,904
-
19 · Deferred revenue
end of year $39,095
-
27 · Net assets without donor restrictions
beginning of year $1,766,294 · end of year $1,548,277
-
28 · Net assets with donor restrictions
beginning of year $144,843
Mission and programs · 2024
Mission
We will provide a moral and rigorous education, accomplished in a hands-on, technology infused educational environment that will allow our students to attend college, while developing a commitment to global citizenship, environmental sustainability, and personal virtue.
Activities or mission (Part I)
We will provide a moral and rigorous education, accomplished in a hands-on, technology infused educational environment that will allow our students to attend college, while developing a commitment to global citizenship,
-
We will provide a moral and rigorous education to a diverse student body, accomplished in a hands-on, technology infused educational environment that embraces differentiated instruction and individual attention that will allow our students to attend college, while developing a commitment to global citizenship, environmental sustainability, and personal virtue.
Expenses $15,821,231 · Revenue $17,350,411
As filed on the 2024 return.
Listed in Part VII
-
Michael PagesMICHAEL PAGES
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Timothy J GrahamTIMOTHY J GRAHAM
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Khadijah KingKHADIJAH KING
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Altisha ByrdALTISHA BYRD
PRESIDENT
- Total calculated
- $0
- Hours/week
- 5
-
Alexis GibsonALEXIS GIBSON
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 5
-
Donald TaylorDONALD TAYLOR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Juan DejesusJUAN DEJESUS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Isais FlowersISAIS FLOWERS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
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
- 2024
- Filed
- 12 May 2026
- IRS schema version
- 2024v5.2
- Source object
- 202601329349302965
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