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Nonprofiteer
← ODYSSEY CHARTER SCHOOL INCORPORATED

Form 990 for tax year 2023

Filed by ODYSSEY CHARTER SCHOOL INCORPORATED.

Totals

Total revenue
$42,336,827
Total expenses
$46,776,771
Contributions and grants received
$39,650,277
Grants paid
$0
Program service revenue
$1,752,610
Investment income
$552,914
Other revenue
$381,026
Total assets, end of year
$80,909,457
Total liabilities, end of year
$122,483,627
Net assets or fund balances, end of year
-$41,574,170
Program services expenses (Part IX)
$32,223,090
Management and general expenses
$14,553,681
Fundraising expenses
$0
Program service expenses (Part III)
$32,223,090

Program services were 68.9% 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)

    $39,005,787

  • 1f · All other contributions, gifts and grants

    $644,490

  • 2a · Program service revenue: TRANSPORATION

    total $784,435 · related or exempt $784,435

  • 2b · Program service revenue: FOOD SERVICE

    total $588,642 · related or exempt $588,642

  • 2c · Program service revenue: AFTER CARE

    total $360,074 · related or exempt $360,074

  • 2d · Program service revenue: FACILITIES

    total $19,459 · related or exempt $19,459

  • 3 · Investment income

    total $552,914 · excluded $552,914

  • 11a · Other revenue: MISCELLANEOUS

    total $381,026 · excluded $381,026

  • 11e · Other revenue, total

    $381,026

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $1,074,922 · program services $716,160 · management and general $358,762

  • 7 · Other salaries and wages

    total $18,724,920 · program services $12,475,355 · management and general $6,249,565

  • 8 · Pension plan contributions

    total $3,754,145 · program services $2,501,175 · management and general $1,252,970

  • 9 · Other employee benefits

    total $6,814,898 · program services $4,540,381 · management and general $2,274,517

  • 10 · Payroll taxes

    total $1,394,397 · program services $929,008 · management and general $465,389

  • 11b · Fees: legal

    total $187,267 · program services $124,766 · management and general $62,501

  • 11c · Fees: accounting

    total $27,050 · program services $18,022 · management and general $9,028

  • 11g · Fees: other

    total $3,997,739 · program services $2,663,468 · management and general $1,334,271

  • 12 · Advertising and promotion

    total $64,650 · program services $43,073 · management and general $21,577

  • 13 · Office expenses

    total $82,336 · program services $54,856 · management and general $27,480

  • 14 · Information technology

    total $135,413 · program services $90,218 · management and general $45,195

  • 16 · Occupancy

    total $541,140 · program services $360,531 · management and general $180,609

  • 17 · Travel

    total $36,830 · program services $24,538 · management and general $12,292

  • 20 · Interest

    total $6,309,508 · program services $4,953,947 · management and general $1,355,561

  • 22 · Depreciation, depletion and amortization

    total $1,290,304 · program services $859,657 · management and general $430,647

  • 23 · Insurance

    total $271,013 · program services $180,561 · management and general $90,452

  • 24a · Other expenses: SUPPLIES AND MATERIALS

    total $887,816 · program services $591,502 · management and general $296,314

  • 24b · Other expenses: INSTRUCTIONAL SUPPLIES

    total $735,654 · program services $735,654

  • 24c · Other expenses: REPAIRS AND MAINTENANCE

    total $200,185 · program services $133,372 · management and general $66,813

  • 24d · Other expenses: STUDENT ACTIVITIES

    total $187,446 · program services $187,446

  • 24e · All other expenses

    total $59,138 · program services $39,400 · management and general $19,738

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,526,400 · end of year $6,881,181

  • 2 · Savings and temporary cash investments

    beginning of year $3,334,596 · end of year $10,108,382

  • 4 · Accounts receivable

    beginning of year $1,276,929 · end of year $1,800,270

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

    $46,035,207

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

    $9,709,105

  • 10c · Land, buildings and equipment, net

    beginning of year $35,991,319 · end of year $36,326,102

  • 15 · Other assets

    beginning of year $22,471,311 · end of year $25,793,522

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,061,521 · end of year $1,867,096

  • 23 · Secured mortgages and notes payable

    beginning of year $34,124,025 · end of year $43,453,886

  • 25 · Other liabilities

    beginning of year $70,549,235 · end of year $77,162,645

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year -$37,134,226 · end of year -$41,574,170

Mission and programs · 2023

Mission

THE MISSION OF ODYSSEY CHARTER SCHOOL IS TO PREPARE STUDENTS FOR A LIFELONG ENTHUSIASM FOR LEARNING, DEVELOP A KEEN AWARENESS OF WORLD CITIZENSHIP AND CULTURE AND ESTABLISH CRITICAL THINKING AND PROBLEM-SOLVING PROFICIENCY THROUGH THE ADDED LEARNING OF THE MODERN GREEK LANGUAGE AND MATHEMATICS FOCUS.

  • SEE SCHEDULE O ENABLE STUDENTS TO EXCEL ACADEMICALLY BY PROVIDING A STRUCTURED DUAL LANGUAGE PROGRAM INTEGRATED WITH A RIGOROUS CORE CURRICULUM, WHILE ENCOURAGING THE DEVELOPMENT OF EFFECTIVE CRITICAL THINKING AND PROBLEM-SOLVING SKILLS.ENHANCE EACH STUDENT'S UNDERSTANDING OF MATHEMATICS, ENGLISH, SCIENCE, AND OTHER WESTERN LANGUAGES BY UTILIZING THE MODERN GREEK LANGUAGE, WITH A MATHEMATICS FOCUS, AS A VEHICLE TO EXPLORE THE ROOTS OF VOCABULARY, MATHEMATICAL CONCEPTS, AND SCIENTIFIC THEORIES.PREPARE STUDENTS TO DEMONSTRATE EXCEPTIONAL UNDERSTANDING AND ACADEMIC ACHIEVEMENT THROUGH STANDARDIZED TESTING AND OTHER CREDENTIALING METHODS.ASSIST STUDENTS IN THE DEVELOPMENT OF A BROADER WORLD VIEW THROUGH EXPOSURE TO OTHER WORLD CULTURES.TEACH STUDENTS THE VALUE OF RESPECTFUL AND RESPONSIBLE CITIZENSHIP AS A CRITICAL COMPONENT TO THE DEVELOPMENT OF AN APPRECIATION FOR DEMOCRACY AND DIVERSITY.NURTURE AND VALUE THE SPECIAL QUALITIES AND ABILITIES OF EACH STUDENT IN A WAY THAT WILL FOSTER A DESIRE TO BECOME ACADEMICALLY AND EDUCATIONALLY SUCCESSFUL.ENCOURAGE THE INVOLVEMENT AND ENGAGEMENT OF PARENTS IN THE EDUCATION PROCESS TO ENHANCE AND ENRICH LEARNING OPPORTUNITIES FOR STUDENTS.

    Expenses $32,223,090 · Revenue $1,375,887

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

Listed in Part VII

  • Anamaria Anagnostou

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Erin Allard

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Joel Porter

    MEMBER - PARENT REP

    Total calculated
    $0
    Hours/week
    1

  • Ken Pryzwara

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Helen Anderson

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kristin Turner

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Valerie Caras

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Georgia Halakos

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Eva Jannelli

    MEMBER - TEACHER REP

    Total calculated
    $74,770
    From this org
    $58,144
    From related orgs
    $0
    Other
    $16,626
    Hours/week
    40

  • Bridget Davis

    MEMBER - TEACHER REP

    Total calculated
    $63,502
    From this org
    $49,402
    From related orgs
    $0
    Other
    $14,100
    Hours/week
    40

  • Georgia Kollias

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Elias Pappas

    HEAD OF SCHOOLS

    Total calculated
    $220,175
    From this org
    $175,699
    From related orgs
    $0
    Other
    $44,476
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $175,699
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $175,699

  • Jeffery Koss

    BUSINESS MANAGER

    Total calculated
    $201,913
    From this org
    $160,825
    From related orgs
    $0
    Other
    $41,088
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $160,825
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $160,825

  • Ashley Lipson

    HIGH SCHOOL DEAN

    Total calculated
    $149,337
    From this org
    $119,449
    From related orgs
    $0
    Other
    $29,888
    Hours/week
    40

  • Adriane Rodriguez

    MIDDLE SCHOOL DEAN

    Total calculated
    $148,760
    From this org
    $117,638
    From related orgs
    $0
    Other
    $31,122
    Hours/week
    40

  • Stephanie Demayo

    EDUCATION DIAGNOSTICIAN

    Total calculated
    $145,491
    From this org
    $116,322
    From related orgs
    $0
    Other
    $29,169
    Hours/week
    40

  • Ioanna Lekkakou

    DEAN OF GREEK DEPARTMENT

    Total calculated
    $142,365
    From this org
    $112,439
    From related orgs
    $0
    Other
    $29,926
    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

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.

Provenance

Return type
form_990
Tax year
2023
Filed
30 April 2025
IRS schema version
2023v6.0
Source object
202541209349303274

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