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Nonprofiteer
← OUR WORLD NEIGHBORHOOD CHARTER SCHOOL

Form 990 for tax year 2023

Filed by OUR WORLD NEIGHBORHOOD CHARTER SCHOOL.

Totals

Total revenue
$32,882,227
Total expenses
$35,731,185
Contributions and grants received
$6,172,031
Grants paid
$0
Program service revenue
$26,706,985
Investment income
$3,211
Other revenue
$0
Total assets, end of year
$133,502,219
Total liabilities, end of year
$135,620,981
Net assets or fund balances, end of year
-$2,118,762
Program services expenses (Part IX)
$30,378,736
Management and general expenses
$5,230,054
Fundraising expenses
$122,395
Program service expenses (Part III)
$30,378,736

Program services were 85.0% 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)

    $6,172,031

  • 1g · Noncash contributions included above

    $91,467

  • 2a · Program service revenue: PER PUPIL REVENUES

    total $26,671,911 · related or exempt $26,671,911

  • 2b · Program service revenue: STUDENT ACTIVITY FEES

    total $35,074 · related or exempt $35,074

  • 3 · Investment income

    total $3,211 · excluded $3,211

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $721,488 · program services $236,163 · management and general $485,325

  • 7 · Other salaries and wages

    total $15,927,892 · program services $14,473,615 · management and general $1,360,163 · fundraising $94,114

  • 8 · Pension plan contributions

    total $663,476 · program services $562,352 · management and general $95,553 · fundraising $5,571

  • 9 · Other employee benefits

    total $1,728,375 · program services $1,523,122 · management and general $193,758 · fundraising $11,495

  • 10 · Payroll taxes

    total $1,437,930 · program services $1,276,476 · management and general $153,700 · fundraising $7,754

  • 11b · Fees: legal

    total $30,405 · management and general $30,405

  • 11c · Fees: accounting

    total $86,949 · management and general $86,949

  • 11g · Fees: other

    total $1,667,268 · program services $1,334,951 · management and general $332,317

  • 12 · Advertising and promotion

    total $230,476 · program services $215,262 · management and general $15,214

  • 13 · Office expenses

    total $397,232 · program services $207,651 · management and general $189,338 · fundraising $243

  • 14 · Information technology

    total $313,224 · program services $232,394 · management and general $80,552 · fundraising $278

  • 16 · Occupancy

    total $9,219,458 · program services $7,388,282 · management and general $1,830,720 · fundraising $456

  • 22 · Depreciation, depletion and amortization

    total $700,167 · program services $637,189 · management and general $62,978

  • 23 · Insurance

    total $225,768 · program services $182,176 · management and general $43,592

  • 24a · Other expenses: REPAIRS & MAINTENANCE

    total $890,600 · program services $699,715 · management and general $190,885

  • 24b · Other expenses: STAFF DEVELOPMENT

    total $427,959 · program services $413,467 · management and general $14,492

  • 24c · Other expenses: SUPPLIES & MATERIALS

    total $426,915 · program services $425,832 · management and general $1,083

  • 24d · Other expenses: FOOD SERVICE

    total $315,637 · program services $315,637

  • 24e · All other expenses

    total $319,966 · program services $254,452 · management and general $63,030 · fundraising $2,484

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $2,102,558 · end of year $1,627,219

  • 3 · Pledges and grants receivable

    beginning of year $1,735,102 · end of year $1,483,714

  • 9 · Prepaid expenses and deferred charges

    beginning of year $189,472 · end of year $213,221

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

    $11,667,539

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

    $8,310,891

  • 10c · Land, buildings and equipment, net

    beginning of year $2,526,918 · end of year $3,356,648

  • 15 · Other assets

    beginning of year $45,979,901 · end of year $126,821,417

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,078,732 · end of year $3,519,611

  • 19 · Deferred revenue

    beginning of year $492,181

  • 25 · Other liabilities

    beginning of year $48,232,842 · end of year $132,101,370

  • 27 · Net assets without donor restrictions

    beginning of year $730,196 · end of year -$2,118,762

Mission and programs · 2023

Mission

OUR WORLD NEIGHBORHOOD CHARTER SCHOOLS' MISSION IS TO EDUCATE THE STUDENTS TO BECOME INDEPENDENT THINKERS AND LIFELONG LEARNERS. THE ORGANIZATION IS COMMITTED TO AN EDUCATIONAL PHILOSOPHY BASED ON INQUIRY, ACTIVE AND EXPERIENTIAL LEARNING, AND SOCIAL JUSTICE, THROUGH A LITERACY-BASED, INTEGRATED AND RIGOROUS STANDARDS-DRIVEN CURRICULUM THAT ENCOURAGES COMMUNITY AND HONORS DIVERSITY.

Activities or mission (Part I)

OUR WORLD NEIGHBORHOOD CHARTER SCHOOLS (OWNCS) WAS ORGANIZED TO INCREASE LEARNING OPPORTUNITIES FOR STUDENTS THROUGH INNOVATIVE EDUCATIONAL PROGRAMS AND TO ENABLE PARENTS TO BE MORE INVOLVED IN THEIR CHILDREN'S EDUCATION. IN FISCAL YEAR 2024, OUR WORLD NEIGHBORHOOD CHARTER SCHOOL OPERATED CLASSES FOR APPROXIMATELY 1,332 STUDENTS IN GRADES K-8.

  • OUR WORLD NEIGHBORHOOD CHARTER SCHOOLS' (OWNCS) SERVES A SUCCESSFUL KINDERGARTEN THROUGH GRADE 8 EDUCATIONAL PROGRAM. THE SCHOOL PROVIDES ACADEMIC EDUCATIONAL SERVICE FOR 190 DAYS DURING THE SCHOOL YEAR. AS SUCH, THEIR STUDENTS ARE TESTED ON A REGULAR BASIS AS REQUIRED BY THE NEW YORK CITY BOARD OF EDUCATION. IN FISCAL YEAR 2024, THEY OPERATED CLASSES FOR 1,332 STUDENTS.

    Expenses $28,337,422 · Revenue $24,479,127

  • THE SPECIAL EDUCATION PROGRAM OFFERS SPECIAL SERVICES TO QUALIFYING STUDENTS. SERVICES INCLUDE SPEECH, SPECIAL EDUCATION, AND RESOURCE ROOM. IN FISCAL YEAR 2024, THEY OPERATED CLASSES FOR 120 STUDENTS.

    Expenses $2,041,314 · Revenue $2,227,858

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

Listed in Part VII

  • JEANETTE BETANCOURT

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • LIZ FERNANDEZ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • RICHARD BOGLE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • MELISSA CHIN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • OLUBUNMI EMIGILI

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • KALIMAH AYELE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • MAURA FITZGERALD

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • BRIAN FERGUSON

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $265,464
    From this org
    $233,419
    From related orgs
    $0
    Other
    $32,045
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $223,419
    Bonus
    $10,000
    Other
    $0
    Deferred
    $23,824
    Nontaxable benefits
    $8,221
    Filer's total
    $265,464

  • KARRINE MONTAQUE

    CHIEF FINANCIAL OFFICER

    Total calculated
    $232,756
    From this org
    $195,382
    From related orgs
    $0
    Other
    $37,374
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $185,382
    Bonus
    $10,000
    Other
    $0
    Deferred
    $11,557
    Nontaxable benefits
    $25,817
    Filer's total
    $232,756

  • RICHARD LEE

    CHIEF ACADEMIC OFFICER

    Total calculated
    $226,885
    From this org
    $197,406
    From related orgs
    $0
    Other
    $29,479
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $197,406
    Bonus
    $0
    Other
    $0
    Deferred
    $12,215
    Nontaxable benefits
    $17,264
    Filer's total
    $226,885

  • DOUGLAS RICKETTS

    PRINCIPAL

    Total calculated
    $209,241
    From this org
    $189,638
    From related orgs
    $0
    Other
    $19,603
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $189,638
    Bonus
    $0
    Other
    $0
    Deferred
    $11,382
    Nontaxable benefits
    $8,221
    Filer's total
    $209,241

  • MARK CRUSANTE

    DIRECTOR OF PUBLIC RELATIONS

    Total calculated
    $187,983
    From this org
    $168,257
    From related orgs
    $0
    Other
    $19,726
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $168,257
    Bonus
    $0
    Other
    $0
    Deferred
    $10,477
    Nontaxable benefits
    $9,249
    Filer's total
    $187,983

  • STEPHANIE SHILLING

    INSTRUCTIONAL TEACHER

    Total calculated
    $185,060
    From this org
    $162,727
    From related orgs
    $0
    Other
    $22,333
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $162,727
    Bonus
    $0
    Other
    $0
    Deferred
    $10,034
    Nontaxable benefits
    $12,299
    Filer's total
    $185,060

  • MARIA MIKANDA

    PRINCIPAL

    Total calculated
    $180,600
    From this org
    $162,542
    From related orgs
    $0
    Other
    $18,058
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $162,542
    Bonus
    $0
    Other
    $0
    Deferred
    $9,837
    Nontaxable benefits
    $8,221
    Filer's total
    $180,600

  • VERONICA POLANCO

    TEACHER

    Total calculated
    $168,603
    From this org
    $148,046
    From related orgs
    $0
    Other
    $20,557
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $148,046
    Bonus
    $0
    Other
    $0
    Deferred
    $8,947
    Nontaxable benefits
    $11,610
    Filer's total
    $168,603

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 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4B
THE FOLLOWING INDIVIDUAL PARTICIPATES IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN AND IS ABLE TO DEFER A PORTION OF COMPENSATION UP TO THE MAXIMUM AMOUNT ALLOWED UNDER THE IRS REGULATIONS: BRIAN FERGUSON - $20,349 457(B) PLAN
PART I, LINE 7
ANY BONUS FOR BRIAN FERGUSON WOULD BE DETERMINED BY THE BOARD AND ANY BONUS FOR THE PRINCIPALS AND OTHER MEMBERS OF MANAGEMENT WOULD BE DETERMINED BY BRIAN FERGUSON. THEY ARE BASED ON PERFORMANCE.

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
28 March 2025
IRS schema version
2023v6.0
Source object
202520909349300627

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