Civic Intelligence

Albany Community Charter School

EIN 04-3846060 • 501(c)3 • Albany, NY

Profile

Albany community charter school prepares students for a lifetime of opportunity by helping them master primary rigorous, standards-based curriculum focused on literacy and other foundational knowledge.

65 Krank StreetAlbany, NY 12202

www.albanycommunitycharterschool.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2020

Liabilities / Revenue

6th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $10M-$25M nonprofits • Source year 2020

Net Margin

64th percentile

11%

Higher net margin than 64% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

49th percentile

$171,462

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 1.6% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2020

Asset Growth

1st percentile

-100%

Faster asset growth than 1% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

32nd percentile

-0.7%

Faster revenue growth than 32% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Assets

Down

$0

Down $18,972,274 (-100%) from 2019

Liabilities

Down

$0

Down $10,222,761 (-100%) from 2019

Net Assets

Down

$0

Down $8,749,513 (-100%) from 2019

Revenue

Down

$10,738,069

Down $73,464 (-0.7%) from 2019

Expenses

Down

$9,515,749

Down $675,409 (-6.6%) from 2019

Net Income

Up

$1,222,320

Up $601,945 (+97%) from 2019

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$20M$15M$10M$5.0M$0Assets 2011: $2,293,726Liabilities 2011: $327,837Net Assets 2011: $1,965,8892011Assets 2012: $3,439,070Liabilities 2012: $474,157Net Assets 2012: $2,964,9132012Assets 2013: $4,292,901Liabilities 2013: $809,926Net Assets 2013: $3,482,9752013Assets 2014: $8,802,555Liabilities 2014: $5,109,748Net Assets 2014: $3,692,8072014Assets 2015: $9,731,663Liabilities 2015: $4,958,530Net Assets 2015: $4,773,1332015Assets 2016: $11,083,603Liabilities 2016: $4,933,650Net Assets 2016: $6,149,9532016Assets 2017: $12,182,356Liabilities 2017: $4,924,175Net Assets 2017: $7,258,1812017Assets 2018: $19,679,486Liabilities 2018: $11,550,348Net Assets 2018: $8,129,1382018Assets 2019: $18,972,274Liabilities 2019: $10,222,761Net Assets 2019: $8,749,5132019Assets 2020: $0Liabilities 2020: $0Net Assets 2020: $02020

Highlighted filing

2020

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$15M$10M$5.0M$0Expenses 2011: $4,404,7422011Expenses 2012: $5,178,5072012Revenue 2013: $7,473,095Expenses 2013: $6,727,601Net Income 2013: $745,4942013Revenue 2014: $8,481,099Expenses 2014: $8,034,648Net Income 2014: $446,4512014Revenue 2015: $9,615,929Expenses 2015: $8,535,603Net Income 2015: $1,080,3262015Revenue 2016: $9,983,468Expenses 2016: $8,606,648Net Income 2016: $1,376,8202016Revenue 2017: $10,531,377Expenses 2017: $9,423,149Net Income 2017: $1,108,2282017Revenue 2018: $10,357,850Expenses 2018: $9,486,893Net Income 2018: $870,9572018Revenue 2019: $10,811,533Expenses 2019: $10,191,158Net Income 2019: $620,3752019Revenue 2020: $10,738,069Expenses 2020: $9,515,749Net Income 2020: $1,222,3202020

Highlighted filing

2020

Revenue$10,738,069
Expenses$9,515,749
Net Income$1,222,320

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Nov 13, 2020
Return Version
2019v5.0
Gross Receipts
$10,738,069
Mission and Program Overview

Mission

Albany Community Charter School

Albany community charter school prepares students for a lifetime of opportunity by helping them master primary rigorous, standards-based curriculum focused on literacy and other foundational knowledge.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$12,565,331$12,227,757▼ $337,574
Savings and Temporary Cash Investments$5,727,015$7,660,544▲ $1,933,529
Pledges and Grants Receivable$644,462$248,909▼ $395,553
Inventories for Sale or Use$32,186$175,846▲ $143,660
Total Assets$18,972,274$0▼ $18,972,274
Other Assets Total$3,280$-20,313,056▼ $20,316,336
Liabilities
Unsecured Notes Loans Payable$9,183,160$8,872,023▼ $311,137
Deferred Revenue-$1,151,800-
Accounts Payable and Accrued Expenses$1,039,601$320,680▼ $718,921
Other Liabilities-$-10,344,503-
Total Liabilities$10,222,761$0▼ $10,222,761
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$8,749,513--
Total Net Assets Fund Balance$8,749,513$0▼ $8,749,513
Total Liabilities and Net Assets / Fund Balance$18,972,274$0▼ $18,972,274

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$11,431,643$1,366,381$12,798,024
Equipment$246,114$832,090$1,078,204
Land$550,000-$550,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
S Neal CurrieExec Direc/pFT$138,778$32,684$171,462
S Neal CurrieExec Direc/principal-$138,778$32,684$171,462
Sherrmaine Moore-boakyePrincipalFT$112,545$31,454$143,999
Jennifer BradyFinance DireFT$110,057$23,182$133,239
Andrea Bellinger-ellisAsst PrincipFT$107,650$5,137$112,787
Chrisheena HillDirector AcaFT$100,651$9,374$110,025

Board Members and Trustees

NameTitle
Michael J StrianeseChairman
Shai ButlerVice Chair
Juanita NaborsTrustee
Lasone Garland-bryanTrustee
Shampagne LevinParent Rep/t
Bramble BuranSecretary
Ron MexicoTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Martinez CleaningJanitorial905 MOHEGAN ROAD, Schenectady, NY 12309$216,028
Durham School ServiceTransportation830 S PEARL STREET, Albany, NY 12202$214,758
Revenue and Support

Revenue Composition

Contributions and Grants
$669,039
Program Service Revenue
$9,968,353
Investment Income
$6,520
Other Revenue
$94,157
Change in Net Assets
$1,222,320

Audited Revenue Reconciliation

Revenue per Audited Statements
$10,738,069
Total Revenue per Audited Statements
$10,738,069
Total Revenue per Form 990
$10,738,069
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$6,537,031
Other Expenses$2,978,718
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,263,946$590,937-$4,854,883
Other Employee Benefits$782,045$143,566-$925,611
Interest$555,638$34,372-$590,010
Occupancy$482,781$29,606-$512,387
Depreciation Depletion$357,995$70,582-$428,577
Payroll Taxes$338,477$62,137-$400,614
Office Expenses$246,001$28,180-$274,181
Current Officers, Directors, Trustees, and Key Employees$50,265$201,058-$251,323
Fees for Services Other$210,859$38,709-$249,568
Insurance$141,334$8,667-$150,001
Pension Plan Contributions$88,376$16,224-$104,600
Advertising$43,016$7,897-$50,913
Information Technology$41,670$7,650-$49,320
Fees for Services Accounting$20,510$3,765-$24,275
Other Expenses$9,805$1,800-$11,605
Fees for Services Legal$824$151-$975
Total Functional Expenses$8,270,448$1,245,301$0$9,515,749

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$9,515,749
Total Expenses per Audited Statements$9,515,749
Total Expenses per Form 990$9,515,749
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
PLAN OF MERGER: SEE SCHEDULE N$-10,344,503
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

990 copy is provided to each member before filing.

Form 990, Page 6, Part VI, Line 12C

Disclosed by trustees annually.

Form 990, Page 6, Part VI, Line 15A

Determined by board of trustees.

Form 990, Page 6, Part VI, Line 15B

Determined by board of trustees.

Form 990, Page 6, Part VI, Line 19

AVAILABLE UPON REQUEST.

Filing and Contact Details

Filer

Filer Name
Albany Community Charter School
EIN
04-3846060
Phone
5184331500
Address
65 KRANK STREET, ALBANY, NY 12202

Signing Officer

Name
Michael J Strianese
Title
Chairman
Phone
5184331500
Signed
2020-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael J Strianese
Formed
2005
Legal Domicile
Ny
Voting Board Members
7
Independent Board Members
7
Employees
155
Volunteers
10

Preparer

Firm
Cusack & Company Cpas LLC
Address
7 AIRPORT PARK BLVD, LATHAM, NY 12110
Preparer
John J Tafilowski CPA
Phone
5187863550
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Plan of merger: see schedule n -9,971,833

Financial Statement Notes

Schedule D, Page 3, Part X

The school follows the asc, accounting for income taxes, and their current accounting policy for evaluating uncertain tax positions is in accordance with generally accepted accounting principles. The school has not recognized any benefits from uncertain tax positions in 2020 and believes it has no uncertain tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly increase and decrease within 12 months of the balance sheet date as of june 30, 2020. Forms 990 and state income tax returns filed by the school are subject to examination by taxing authorities up to three years after the extended due date of each return. Forms 990 and state income tax filings for the school are no longer subject to examination for the year ended june 30, 2016 and prior.

Raw XML AppendixShowing 400 of 507 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0ALBANY COMMUNITY CHARTER SCHOOL PREPARES STUDENTS FOR A LIFETIME OF OPPORTUNITY BY HELPING THEM MASTER PRIMARY RIGOROUS, STANDARDS-BASED CURRICULUM FOCUSED ON LITERACY AND OTHER FOUNDATIONAL KNOWLEDGE.
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IRS990/MoreThan5000KToOrgInd0false
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IRS990/OtherChangesInNetAssetsAmt0-9971833
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0143566
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0782045
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0925611
IRS990/OtherExpensesGrp/Desc0STUDENT SERVICES
IRS990/OtherExpensesGrp/Desc1FOOD SERVICE
IRS990/OtherExpensesGrp/Desc2STAFF DEVELOPMENT
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IRS990/OtherExpensesGrp/TotalAmt311605
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IRS990/OtherRevenueMiscGrp/Desc0E-RATE INCOME
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IRS990/OtherSalariesAndWagesGrp/TotalAmt04854883
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IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt062137
IRS990/PayrollTaxesGrp/ProgramServicesAmt0338477
IRS990/PayrollTaxesGrp/TotalAmt0400614
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt016224
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt088376
IRS990/PensionPlanContributionsGrp/TotalAmt0104600
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0644462
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0248909
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0MICHAEL J STRIANESE
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0STUDENT ENROLLMENT
IRS990/ProgramServiceRevenueGrp/Desc1STUDENTS WITH DISABILITIES
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IRS990/PYSalariesCompEmpBnftPaidAmt06889103
IRS990/PYTotalExpensesAmt010191158
IRS990/PYTotalRevenueAmt010811533
IRS990/ReconcilationRevenueExpnssAmt01222320
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt09968353
IRS990/SavingsAndTempCashInvstGrp/BOYAmt05727015
IRS990/SavingsAndTempCashInvstGrp/EOYAmt07660544
IRS990ScheduleA/SchoolInd0X
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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
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IRS990ScheduleD/BuildingsGrp/BookValueAmt011431643
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01366381
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt012798024
IRS990ScheduleD/EquipmentGrp/BookValueAmt0246114
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0832090
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01078204
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IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0550000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0550000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0-10344503
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PLAN OF MERGER: SEE SCHEDULE N
IRS990ScheduleD/RevenueSubtotalAmt010738069
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL FOLLOWS THE ASC, ACCOUNTING FOR INCOME TAXES, AND THEIR CURRENT ACCOUNTING POLICY FOR EVALUATING UNCERTAIN TAX POSITIONS IS IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES. THE SCHOOL HAS NOT RECOGNIZED ANY BENEFITS FROM UNCERTAIN TAX POSITIONS IN 2020 AND BELIEVES IT HAS NO UNCERTAIN TAX POSITIONS FOR WHICH IT IS REASONABLY POSSIBLE THAT THE TOTAL AMOUNTS OF UNRECOGNIZED TAX BENEFITS WILL SIGNIFICANTLY INCREASE AND DECREASE WITHIN 12 MONTHS OF THE BALANCE SHEET DATE AS OF JUNE 30, 2020. FORMS 990 AND STATE INCOME TAX RETURNS FILED BY THE SCHOOL ARE SUBJECT TO EXAMINATION BY TAXING AUTHORITIES UP TO THREE YEARS AFTER THE EXTENDED DUE DATE OF EACH RETURN. FORMS 990 AND STATE INCOME TAX FILINGS FOR THE SCHOOL ARE NO LONGER SUBJECT TO EXAMINATION FOR THE YEAR ENDED JUNE 30, 2016 AND PRIOR.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleD/TotalExpensesPerForm990Amt09515749
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IRS990ScheduleD/TotalRevenuePerForm990Amt010738069
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt010738069
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt09515749
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0RACIALLY NON-DISCRIMINATORY POLICY IS DISCLOSED VIA WEBSITE: WWW.ALBANYCOMMUNITYCS.ORG
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL RECEIVES FEDERAL TITLE GRANT, IDEA FLOWTHROUGH AND FOOD SERVICE/CHILD NUTRITION PROGRAM FUNDING.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 6
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
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IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt026684
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0S NEAL CURRIE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXEC DIREC/PRINCIPAL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0171462
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleN/DirectorOfSuccessor2Ind0true
IRS990ScheduleN/DispositionOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0PLAN OF MERGER
IRS990ScheduleN/DispositionOfAssetsDetail/DistributionDt02020-07-01
IRS990ScheduleN/DispositionOfAssetsDetail/EIN0201347748
IRS990ScheduleN/DispositionOfAssetsDetail/FairMarketValueOfAssetAmt09971833
IRS990ScheduleN/DispositionOfAssetsDetail/IRCSectionTxt0501C(3)
IRS990ScheduleN/DispositionOfAssetsDetail/MethodOfFMVDeterminationTxt0BOOK
IRS990ScheduleN/DispositionOfAssetsDetail/PersonNm0SEE EXPLANATION
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/AddressLine1Txt0321 NORTHERN BOULEVARD
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/CityNm0ALBANY

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