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FOUNDATION ACADEMY CHARTER SCHOOL

EIN 20-4406909 TRENTON, NJ

Browse the largest nonprofits in New Jersey

Revenue 2024
$31,979,048
Expenses 2024
$32,425,259

Program services were 83.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
03
NTEE code
B20
Classification
1000
Street
363 W STATE ST

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Other organizations at this address

1 other organization in the IRS Business Master File lists the same street address. matched by us

We match the street line and ZIP code as the IRS gives them, ignoring case and outer spaces and nothing else, so "AVE" and "AVENUE" count as different streets and this list can miss some. A shared address can mean related organizations or a shared office, but it can also be a registered agent, a mail drop or a service provider holding mail for unrelated clients. It is not, by itself, evidence that two organizations are connected.

Mission and programs · 2024

Mission

As a college-preparatory school, Foundation Academy Charter Schools mission is to ensure that all of their students secure the academic knowledge and skills to prepare them for the nations finest colleges, and to instill in them the core values of caring, respect, responsibility and honesty. Foundation Academy Charter Schools program is modeled after some of the highest performing urban charter schools in the country, and includes standardized classroom procedures, regular testing to track student progress, more time on task, a focus on values and building community, clear and innovative rewards and consequences designed to teach and emphasize positive academic and social behavior, school uniforms, 90-120 minutes of homework each night, and an overall rigorous academic program. Foundation Academy Charter School provides a longer school day and a longer school year which includes a two week summer session. Language arts and math classes are taught for more minutes each week than most sc

  • During the sixteenth year of operation, the 2024-2025 school year, Foundation Academy Charter School provided a full range of educational services appropriate for all students in grades Kindergarten through 12th Grade. The Educational program includes social, health and nutrition services that support the total education of the student. In addition, the educational services include regular, as well as special education instruction. Foundation Academy Charter School promotes the full involvement of parents in their childrens educational development. The Charter School completed the 2024-2025 school year with the following enrollment: 253 primary school students in Kindergarten, Grade 1 and Grade 2; 255 intermediate school students were enrolled in Grades 3 through 5; 252 middle school students in Grades 6 through 8; and 328 high school students were enrolled in grades 9 thru 12. The Average Daily Enrollment (ADE) for the entire charter school for the 2023-2024 school year was 1110 students.

    Expenses $27,203,593

As filed on the 2024 return.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • Sheria McRae

    CEO

    Total calculated
    $202,854
    From this org
    $202,854
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Andre Moore

    CFO

    Total calculated
    $184,183
    From this org
    $184,183
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Natasia Cooper

    CHIEF OF ACADEMICS

    Total calculated
    $153,283
    From this org
    $153,283
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Shanesia Davis

    CHIEF OF TALENT

    Total calculated
    $140,863
    From this org
    $140,863
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Diana Ubaldo

    BA

    Total calculated
    $137,275
    From this org
    $137,275
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Sharida Edwards

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Duncan Harris

    Vice President

    Total calculated
    $0
    Hours/week
    2

  • Howard Powers

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Stacy Denton

    BOARD SEC

    Total calculated
    $0
    Hours/week
    2

  • Carl Sieden

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Sheria McRae

    CEO

    Total calculated
    $0
    Hours/week
    2

  • Dr Sonya Nock

    MIDDLE SCH PR

    Total calculated
    $0
    Hours/week
    40

  • Richard Seigier-Carter

    President

    Total calculated
    $0
    Hours/week
    2

  • Natasia Cooper

    CAO

    Total calculated
    $0
    Hours/week
    2

  • Brittany Greco

    PRIM SCHOOL PRI

    Total calculated
    $0
    Hours/week
    2

  • Jon Bodnar

    CFO

    Total calculated
    $0
    Hours/week
    2

  • Andre Moore

    CFO

    Total calculated
    $0
    Hours/week
    40

  • Diana Ubaldo

    BUS. ADMIN.

    Total calculated
    $0
    Hours/week
    40

  • Deanna Chestnut

    HIGH SCHOOL PRI

    Total calculated
    $0
    Hours/week
    2

  • Christopher Mullins

    Treasurer

    Total calculated
    $0
    Hours/week
    2

  • Stefani Schwartz

    BOARD COUNSEL

    Total calculated
    $0
    Hours/week
    2

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. Earlier years are each on their own filing page.

Filings

  • 2024
    Revenue
    $31,979,048
    Expenses
    $32,425,259
    Contributions
    $30,170,697
    Grants paid
    $0
  • 2023
    Revenue
    $29,462,595
    Expenses
    $27,059,830
    Contributions
    $27,682,765
    Grants paid
    $0
  • 2022
    Revenue
    $23,642,745
    Expenses
    $22,025,800
    Contributions
    $22,144,860
    Grants paid
    $0

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

  • 2021 · 990

    Revenue
    $21,687,703
    Expenses
    $20,837,506
    Assets (EOY)
    $21,589,488

  • 2020 · 990

    Revenue
    $21,345,321
    Expenses
    $19,876,625
    Assets (EOY)
    $16,120,573

  • 2019 · 990

    Revenue
    $19,355,944
    Expenses
    $17,762,072
    Assets (EOY)
    $14,644,280

  • 2018 · 990

    Revenue
    $18,340,757
    Expenses
    $17,650,603
    Assets (EOY)
    $15,260,068

  • 2017 · 990

    Revenue
    $17,527,546
    Expenses
    $15,957,739
    Assets (EOY)
    $13,867,137

  • 2016 · 990

    Revenue
    $16,602,337
    Expenses
    $15,128,157
    Assets (EOY)
    $11,362,149

  • 2015 · 990

    Revenue
    $14,614,612
    Expenses
    $15,504,495
    Assets (EOY)
    $5,709,300

  • 2014 · 990

    Revenue
    $12,595,756
    Expenses
    $11,338,039
    Assets (EOY)
    $3,719,978

  • 2013 · 990

    Revenue
    $8,859,787
    Expenses
    $8,494,695
    Assets (EOY)
    $1,731,672

  • 2012 · 990

    Revenue
    not reported
    Expenses
    $6,392,558
    Assets (EOY)
    $1,462,681

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Grants made

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Listed as of 13 October 2026, under deductibility PC.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The registration facts above come from the IRS Business Master File published 13 October 2026 and read 1 November 2026, for every organization at once. Returns through tax year 2024, the newest we have parsed for this organization.