Form 990 for tax year 2023
Filed by UNIVERSITY ACADEMY CHARTER HIGH SCHOOL.
Totals
- Total revenue
- $17,567,773
- Total expenses
- $12,797,348
- Contributions and grants received
- $16,745,394
- Grants paid
- $0
- Program service revenue
- $574,738
- Investment income
- $310,969
- Other revenue
- -$63,328
- Total assets, end of year
- $20,584,963
- Total liabilities, end of year
- $10,392,564
- Net assets or fund balances, end of year
- $10,192,399
- Program services expenses (Part IX)
- $10,736,503
- Management and general expenses
- $2,060,845
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $10,736,503
Program services were 83.9% 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)
$16,585,662
-
1f · All other contributions, gifts and grants
$159,732
-
2a · Program service revenue: OTHER PROGRAM REVENUE-LINE 2
total $574,738 · related or exempt $574,738
-
3 · Investment income
total $310,969 · related or exempt $310,969
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
-$63,328
-
10c · Net income from sales of inventory
total -$63,328 · related or exempt -$63,328
-
11a · Other revenue: Miscellaneous Income
-
11e · Other revenue, total
$0
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 $846,195 · program services $709,926 · management and general $136,269
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $4,157,146 · program services $3,487,692 · management and general $669,454
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $2,529,506 · program services $2,122,162 · management and general $407,344
-
10 · Payroll taxes
total $571,597 · program services $479,549 · management and general $92,048
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $1,052,139 · program services $882,706 · management and general $169,433
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $145,746 · program services $122,276 · management and general $23,470
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $1,036,479 · program services $869,568 · management and general $166,911
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $560,711 · program services $470,416 · management and general $90,295
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $902,923 · program services $757,519 · management and general $145,404
-
23 · Insurance
total $88,662 · program services $74,384 · management and general $14,278
-
24a · Other expenses: OFFICE SUPPLIES
total $418,918 · program services $351,457 · management and general $67,461
-
24b · Other expenses: EDUCATIONAL SUPPLIES
total $250,767 · program services $210,384 · management and general $40,383
-
24c · Other expenses: FOOD SERVICE
total $122,703 · program services $102,943 · management and general $19,760
-
24d · Other expenses: TRANSPORTATION
total $82,434 · program services $69,159 · management and general $13,275
-
24e · All other expenses
total $31,422 · program services $26,362 · management and general $5,060
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $7,726,057 · end of year $12,138,456
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $879,254 · end of year $713,079
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$1,222,035
-
10b · Land, buildings and equipment: accumulated depreciation
$592,299
-
10c · Land, buildings and equipment, net
beginning of year $262,340 · end of year $629,736
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $2,414,568 · end of year $7,103,692
-
17 · Accounts payable and accrued expenses
beginning of year $334,129 · end of year $531,674
-
18 · Grants payable
beginning of year $417,160 · end of year $166,461
-
19 · Deferred revenue
beginning of year $86,726 · end of year $206,709
-
25 · Other liabilities
beginning of year $3,878,059 · end of year $9,487,720
-
27 · Net assets without donor restrictions
beginning of year $3,936,810 · end of year $10,066,991
-
28 · Net assets with donor restrictions
beginning of year $2,629,335 · end of year $125,408
Mission and programs · 2023
Mission
THE MISSION OF UNIVERSITY ACADEMY CHARTER HIGH SCHOOL IS BASED UPON THE PHILOSOPHY THAT EVERYONE CAN MAKE A CONTRIBUTION AND THAT INDIVIDUALS WORKING TOGETHER CAN MAKE AN IMPACTING DIFFERENCE. IT IS ALSO THE MISSION OF THE CHARTER SCHOOL TO EDUCATE EVERY STUDENT TO BECOME A LIFELONG LEARNER.
-
UNIVERSITY ACADEMY CHARTER HIGH SCHOOL PROVIDES A FULL RANGE OF EDUCATIONAL SERVICES APPROPRIATE TO GRADES 9 THROUGH 12. THE CHARTER SCHOOL COMPLETED THE 2023-2024 SCHOOL YEAR, DURING WHICH THERE WAS AN AVERAGE ENROLLMENT OF APPROXIMATELY 429 STUDENTS.Major initiatives for the 2023-2024 school year included continuing efforts to improve student performance. Significant improvements were also made to the school's technological infrastructure. Portable devices were purchased and distributed to allow for remote instruction during the pandemic. Meanwhile improvements were made to HVAC units during the lockdown to provide for better air quality within the school building. Temperature monitoring systems, personal protective equipment and health tracking systems were also purchased by the school in order to effectively deal with the pandemic. The school also received an unconditional level one charter renewal from the NJ Department of Education.
Expenses $10,736,503
As filed on the 2023 return.
Listed in Part VII
-
Sergio RiquelmeSERGIO RIQUELME
PRES-TRUSTEES
- Total calculated
- $0
- Hours/week
- 3
-
Glenda AlmeidaGLENDA ALMEIDA
TREAS-TRUSTEES
- Total calculated
- $0
- Hours/week
- 3
-
Carmen Torres IzquirdoCARMEN TORRES IZQUIRDO
Trustee
- Total calculated
- $0
- Hours/week
- 3
-
Daysi RomeroDAYSI ROMERO
Trustee
- Total calculated
- $0
- Hours/week
- 3
-
Rhonda CurryRHONDA CURRY
BUSINESS ADMIN
- Total calculated
- $0
- 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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202541359349313149
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