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Nonprofiteer
← CHARTER SCHOOLS ACTION FUND

Form 990 for tax year 2022

Filed by CHARTER SCHOOLS ACTION FUND.

Totals

Total revenue
$979,471
Total expenses
$840,813
Contributions and grants received
$979,471
Grants paid
$225,000
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$376,189
Total liabilities, end of year
$287,332
Net assets or fund balances, end of year
$88,857
Program services expenses (Part IX)
$783,064
Management and general expenses
$57,749
Fundraising expenses
$0
Program service expenses (Part III)
$783,064

Program services were 93.1% 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.

  • 1f · All other contributions, gifts and grants

    $979,471

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $225,000 · program services $225,000

  • 7 · Other salaries and wages

    total $110,867 · program services $110,867

  • 9 · Other employee benefits

    total $25,194 · program services $25,194

  • 11b · Fees: legal

    total $15,682 · management and general $15,682

  • 11c · Fees: accounting

    total $4,660 · management and general $4,660

  • 11g · Fees: other

    total $39,793 · program services $39,793

  • 12 · Advertising and promotion

    total $368,892 · program services $368,892

  • 13 · Office expenses

    total $2,115 · program services $63 · management and general $2,052

  • 14 · Information technology

    total $4,559 · management and general $4,559

  • 16 · Occupancy

    total $11,445 · management and general $11,445

  • 17 · Travel

    total $13,255 · program services $13,255

  • 22 · Depreciation, depletion and amortization

    total $4,001 · management and general $4,001

  • 23 · Insurance

    total $15,350 · management and general $15,350

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $93,309 · end of year $302,735

  • 4 · Accounts receivable

    end of year $64,471

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,097 · end of year $3,751

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

    $5,232

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $5,232

  • 17 · Accounts payable and accrued expenses

    beginning of year $13,450 · end of year $10,114

  • 25 · Other liabilities

    beginning of year $133,757 · end of year $277,218

  • 27 · Net assets without donor restrictions

    beginning of year -$49,801 · end of year $88,857

Mission and programs · 2022

Mission

SECURE A SIGNIFICANT INCREASE IN THE FEDERAL CHARTER SCHOOLS PROGRAM, WHICH PROVIDES NEEDED FUNDS TO OPEN AND REPLICATED HIGH PERFORMING CHARTER SCHOOLS.

  • SECURE A SIGNIFICANT INCREASE IN THE FEDERAL CHARTER SCHOOLS PROGRAM, WHICH PROVIDES NEEDED FUNDS TO OPEN AND REPLICATED HIGH PERFORMING CHARTER SCHOOLS.

    Expenses $783,064 · Grants $225,000

As filed on the 2022 return.

Listed in Part VII

  • Nina Rees

    VICE CHAIR

    Total calculated
    $398,024
    From this org
    $0
    From related orgs
    $343,338
    Other
    $54,686
    Hours/week
    0.25 + 60 related

    Schedule J breakdown matched by us

    Base
    $0 + $293,338 related
    Bonus
    $0 + $50,000 related
    Other
    $0
    Deferred
    $0 + $18,300 related
    Nontaxable benefits
    $0 + $36,386 related
    Filer's total
    $0 + $398,024 related

  • Eric Paisner

    TREASURER

    Total calculated
    $288,749
    From this org
    $0
    From related orgs
    $229,595
    Other
    $59,154
    Hours/week
    0.5 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $214,160 related
    Bonus
    $0 + $15,435 related
    Other
    $0
    Deferred
    $0 + $20,429 related
    Nontaxable benefits
    $0 + $38,725 related
    Filer's total
    $0 + $288,749 related

  • Mike Murphy

    CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • Mary Landrieu

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Carlos Curbelo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

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

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
13 November 2023
IRS schema version
2022v5.0
Source object
202313189349312796

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