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Nonprofiteer
← GREAT OAKS CHARTER SCHOOL

Form 990 for tax year 2022

Filed by GREAT OAKS CHARTER SCHOOL.

Totals

Total revenue
$9,487,713
Total expenses
$9,705,215
Contributions and grants received
$1,626,930
Grants paid
$0
Program service revenue
$7,860,768
Investment income
$15
Other revenue
$0
Total assets, end of year
$1,309,661
Total liabilities, end of year
$830,978
Net assets or fund balances, end of year
$478,683
Program services expenses (Part IX)
$9,360,335
Management and general expenses
$344,880
Fundraising expenses
$0
Program service expenses (Part III)
$9,360,335

Program services were 96.4% 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)

    $1,411,385

  • 1f · All other contributions, gifts and grants

    $215,545

  • 1g · Noncash contributions included above

    $23,929

  • 2a · Program service revenue: PER PUPIL RESIDENT STU

    total $4,978,729 · related or exempt $4,978,729

  • 2b · Program service revenue: PER PUPIL STUDENTS WIT

    total $1,623,146 · related or exempt $1,623,146

  • 2c · Program service revenue: PER PUPIL NYCDOE RENTA

    total $1,258,893 · related or exempt $1,258,893

  • 3 · Investment income

    total $15 · excluded $15

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $219,292 · program services $197,363 · management and general $21,929

  • 7 · Other salaries and wages

    total $4,538,434 · program services $4,399,835 · management and general $138,599

  • 8 · Pension plan contributions

    total $11,140 · program services $10,956 · management and general $184

  • 9 · Other employee benefits

    total $445,906 · program services $431,729 · management and general $14,177

  • 10 · Payroll taxes

    total $380,317 · program services $367,562 · management and general $12,755

  • 11a · Fees: management

    total $421,597 · program services $407,458 · management and general $14,139

  • 11b · Fees: legal

    total $16,505 · management and general $16,505

  • 11c · Fees: accounting

    total $24,659 · management and general $24,659

  • 11g · Fees: other

    total $349,152 · program services $337,177 · management and general $11,975

  • 12 · Advertising and promotion

    total $52,052 · program services $51,521 · management and general $531

  • 13 · Office expenses

    total $91,461 · program services $90,183 · management and general $1,278

  • 14 · Information technology

    total $173,233 · program services $167,750 · management and general $5,483

  • 16 · Occupancy

    total $2,268,044 · program services $2,200,678 · management and general $67,366

  • 22 · Depreciation, depletion and amortization

    total $111,439 · program services $107,702 · management and general $3,737

  • 23 · Insurance

    total $88,685 · program services $85,711 · management and general $2,974

  • 24a · Other expenses: CURRICULUM AND CLASSROO

    total $205,389 · program services $205,028 · management and general $361

  • 24b · Other expenses: PROFESSIONAL DEVELOPMEN

    total $167,774 · program services $162,147 · management and general $5,627

  • 24c · Other expenses: OTHER

    total $90,925 · program services $89,594 · management and general $1,331

  • 24d · Other expenses: REPAIRS AND MAINTENANCE

    total $41,171 · program services $40,132 · management and general $1,039

  • 24e · All other expenses

    total $8,040 · program services $7,809 · management and general $231

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $660,032 · end of year $81,587

  • 3 · Pledges and grants receivable

    beginning of year $365,341 · end of year $445,685

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,850 · end of year $21,375

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

    $2,285,696

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

    $2,120,274

  • 10c · Land, buildings and equipment, net

    beginning of year $185,364 · end of year $165,422

  • 15 · Other assets

    beginning of year $568,397 · end of year $595,592

  • 17 · Accounts payable and accrued expenses

    beginning of year $506,463 · end of year $516,353

  • 19 · Deferred revenue

    beginning of year $145,904 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $425,000 · end of year $200,000

  • 25 · Other liabilities

    beginning of year $8,432 · end of year $114,625

  • 27 · Net assets without donor restrictions

    beginning of year $696,185 · end of year $478,683

Mission and programs · 2022

Mission

OUR APPROACH IS CENTERED AROUND THE DESIGN PRINCIPLES OF MASTERY, LEADERSHIP AND COMMUNITY TO FOSTER STUDENTS' ABILITY TO BE CONFIDENT, PERSIST THROUGH CHALLENGES, AND EMBRACE FAILURE AS AN OPPORTUNITY TO LEARN & GROW. GREAT OAKS - NEW YORK ALSO WORKS WITH FULL-TIME AMERICORPS FELLOWS TO PROVIDE STUDENTS WITH HIGH-DOSAGE TUTORING AND ENRICHMENT IN SMALL GROUPS.

Activities or mission (Part I)

THE MISSION OF GREAT OAKS CHARTER SCHOOLS IS TO MOLD STUDENTS WHO WILL SHAPE THE WORLD, NOT BE DEFINED BY IT.

  • EDUCATION: GO-NYC IS A PUBLIC CHARTER SCHOOL SERVING MIDDLE AND HIGH SCHOOL STUDENTS.

    Expenses $9,360,335 · Revenue $7,860,768

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

Listed in Part VII

  • Susan Mustokoff Akselrad

    CHAIR

    Total calculated
    $0
    Hours/week
    10

  • Joseph McDonald

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Howard Wang

    TREASURER - RESIGNED DURING YEAR

    Total calculated
    $0
    Hours/week
    5

  • Michael Duffy

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Anand Bhatia

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Molly Greer Gurny

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Ivan Rodriguez

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Elizabeth Case

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jonee Billy

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kai-Yan Lee

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Derny Fleurima

    TREASURER - JOINED DURING YEAR

    Total calculated
    $0
    Hours/week
    5

  • Francesca Di Matteo

    BOARD MEMBER - JOINED DURING YEAR

    Total calculated
    $0
    Hours/week
    1

  • Samuel Ortiz

    BOARD MEMBER - JOINED DURING YEAR

    Total calculated
    $0
    Hours/week
    1

  • Omar Amores

    BOARD MEMBER - JOINED DURING YEAR

    Total calculated
    $0
    Hours/week
    1

  • Alyssa Alfano

    BOARD MEMBER - JOINED DURING YEAR

    Total calculated
    $0
    Hours/week
    1

  • Timberly Wilson

    EXECUTIVE DIRECTOR

    Total calculated
    $206,916
    From this org
    $193,118
    From related orgs
    $0
    Other
    $13,798
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $193,118
    Bonus
    $0
    Other
    $0
    Deferred
    $2,603
    Nontaxable benefits
    $11,195
    Filer's total
    $206,916

  • Yufei Tang

    DIRECTOR OF STRATEGIC ANALYTICS

    Total calculated
    $126,301
    From this org
    $115,646
    From related orgs
    $0
    Other
    $10,655
    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 · 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
2022
Filed
5 April 2024
IRS schema version
2022v5.0
Source object
202420969349301127

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