Civic Intelligence

Freedom Prep Charter School

EIN 20-0683866 • 501(c)3 • Camden, NJ

Profile

To educate responsible citizen-scholars for success in the college of their choice and a life of active citizenship.

1000 Atlantic AvenueCamden, NJ 08104

www.democracyprep.org

Siviq Scores

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

Liabilities / Assets

43rd percentile

0.54x

Higher debt load relative to assets than 43% of similar nonprofits.

NTEE B29 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

37th percentile

0.30x

Higher debt load relative to revenue than 37% of similar nonprofits.

NTEE B29 • $10M-$25M nonprofits • Source year 2023

Net Margin

30th percentile

-2.5%

Higher net margin than 30% of similar nonprofits.

NTEE B29 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

79th percentile

$228,771

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 1.1% of source-year revenue.

NTEE B29 • $10M-$25M nonprofits • Source year 2023

Asset Growth

29th percentile

-6.1%

Faster asset growth than 29% of similar nonprofits.

NTEE B29 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

21st percentile

-2.5%

Faster revenue growth than 21% of similar nonprofits.

NTEE B29 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Assets

Down

$11,273,151

Down $733,096 (-6.1%) from 2022

Liabilities

Down

$6,052,705

Down $1,574,134 (-21%) from 2022

Net Assets

Up

$5,220,446

Up $841,038 (+19%) from 2022

Revenue

Down

$19,923,524

Down $510,818 (-2.5%) from 2022

Expenses

Up

$20,414,104

Up $1,124,333 (+5.8%) from 2022

Net Income

Down

-$490,580

Down $1,635,151 (-143%) from 2022

Trend Graphs

Balance Sheet Trend

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

$15M$10M$5.0M$0-$5.0MAssets 2010: $564,672Liabilities 2010: $353,478Net Assets 2010: $211,1942010Assets 2011: $678,848Liabilities 2011: $58,023Net Assets 2011: $620,8252011Assets 2012: $1,271,361Liabilities 2012: $192,835Net Assets 2012: $1,078,5262012Assets 2013: $1,045,950Liabilities 2013: $365,234Net Assets 2013: $680,7162013Assets 2014: $1,020,773Liabilities 2014: $283,524Net Assets 2014: $737,2492014Assets 2015: $2,659,862Liabilities 2015: $2,412,337Net Assets 2015: $247,5252015Assets 2016: $2,534,981Liabilities 2016: $2,236,642Net Assets 2016: $298,3392016Assets 2017: $5,454,864Liabilities 2017: $5,090,512Net Assets 2017: $364,3522017Assets 2018: $8,555,901Liabilities 2018: $8,929,619Net Assets 2018: -$373,7182018Assets 2019: $7,369,746Liabilities 2019: $8,284,465Net Assets 2019: -$914,7192019Assets 2020: $8,425,958Liabilities 2020: $8,920,433Net Assets 2020: -$494,4752020Assets 2021: $12,014,464Liabilities 2021: $8,749,893Net Assets 2021: $3,264,5712021Assets 2022: $12,006,247Liabilities 2022: $7,626,839Net Assets 2022: $4,379,4082022Assets 2023: $11,273,151Liabilities 2023: $6,052,705Net Assets 2023: $5,220,4462023

Highlighted filing

2023

Assets$11,273,151
Liabilities$6,052,705
Net Assets$5,220,446

Operations Trend

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

$30M$20M$10M$0-$10MExpenses 2010: $3,560,8412010Revenue 2011: $3,729,474Expenses 2011: $3,319,843Net Income 2011: $409,6312011Revenue 2012: $4,200,681Expenses 2012: $3,742,980Net Income 2012: $457,7012012Revenue 2013: $3,743,571Expenses 2013: $4,141,381Net Income 2013: -$397,8102013Revenue 2014: $4,191,875Expenses 2014: $4,135,342Net Income 2014: $56,5332014Revenue 2015: $10,642,124Expenses 2015: $10,296,487Net Income 2015: $345,6372015Revenue 2016: $13,979,434Expenses 2016: $13,928,620Net Income 2016: $50,8142016Revenue 2017: $14,953,925Expenses 2017: $14,887,912Net Income 2017: $66,0132017Revenue 2018: $16,110,390Expenses 2018: $16,848,460Net Income 2018: -$738,0702018Revenue 2019: $16,539,337Expenses 2019: $17,080,338Net Income 2019: -$541,0012019Revenue 2020: $15,874,940Expenses 2020: $15,455,123Net Income 2020: $419,8172020Revenue 2021: $18,736,177Expenses 2021: $14,984,124Net Income 2021: $3,752,0532021Revenue 2022: $20,434,342Expenses 2022: $19,289,771Net Income 2022: $1,144,5712022Revenue 2023: $19,923,524Expenses 2023: $20,414,104Net Income 2023: -$490,5802023

Highlighted filing

2023

Revenue$19,923,524
Expenses$20,414,104
Net Income-$490,580

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.3$6.05$5.22$19.9$20.4$0.49
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.0$7.63$4.38$20.4$19.3$1.14
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.0$8.75$3.26$18.7$15.0$3.75
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.43$8.92$0.49$15.9$15.5$0.42
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.37$8.28$0.91$16.5$17.1$0.54
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.56$8.93$0.37$16.1$16.8$0.74
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.45$5.09$0.36$15.0$14.9$0.07
2016Detailed filing. Detailed filing data is available for this year.$2.53$2.24$0.30$14.0$13.9$0.05
2015Detailed filing. Detailed filing data is available for this year.$2.66$2.41$0.25$10.6$10.3$0.35
2014Summary only. Only limited summary data is available for this year.$1.02$0.28$0.74$4.19$4.14$0.06
2013Summary only. Only limited summary data is available for this year.$1.05$0.37$0.68$3.74$4.14$0.40
2012Summary only. Only limited summary data is available for this year.$1.27$0.19$1.08$4.20$3.74$0.46
2011Summary only. Only limited summary data is available for this year.$0.68$0.06$0.62$3.73$3.32$0.41
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.56$0.35$0.21$3.56
Latest Detailed Filing

The latest 2023 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 4, 2023
Return Version
2021v4.0
Gross Receipts
$20,434,342
Mission and Program Overview

Mission

To educate responsible citizenscholars for success in the college of their choice and a life of active citizenship.

To educate responsible citizen-scholars for success in the college of their choice and a life of active citizenship.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$7,633,934$6,835,431▼ $798,503
Accounts Receivable$622,938$2,223,279▲ $1,600,341
Prepaid Expenses and Deferred Charges$82,972$108,825▲ $25,853
Land, Buildings, and Equipment, Net$40,112$26,920▼ $13,192
Total Assets$12,014,464$12,006,247▼ $8,217
Other Assets Total$3,634,508$2,811,792▼ $822,716
Liabilities
Other Liabilities$7,726,023$7,218,976▼ $507,047
Deferred Revenue$216,644$268,380▲ $51,736
Accounts Payable and Accrued Expenses$807,226$139,483▼ $667,743
Total Liabilities$8,749,893$7,626,839▼ $1,123,054
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,264,571$4,379,408▲ $1,114,837
Total Net Assets Fund Balance$3,264,571$4,379,408▲ $1,114,837
Total Liabilities and Net Assets / Fund Balance$12,014,464$12,006,247▼ $8,217

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$26,920$531,357$558,277
Other Assets Org$895,491--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Constance Horton Until 9152021Executive DiFT$134,234$7,670$141,904
Wyomia Scott Beginning 9162021Executive DiFT$87,960$4,670$92,630
Latoya PearsonPrincipalFT$77,402-$77,402
Josua RiveraPrincipalFT$68,589$3,240$71,829
Pia GarbuttPrincipalFT$47,233$5,765$52,998
Amanda TaylorPrincipalFT$49,828$3,037$52,865
Danny MceaddyPrincipalFT$17,327-$17,327

Highest Paid Contractors

ContractorServicesLocationCompensation
Democracy Prep Public SchoolsMgt Services1767 PARK AVENUE 5TH FLOOR, New York, NY 10035$1,627,110
First StudentTransportation345 E MAIN ST, Chester, NJ 07930$826,189
Maschio's Food ServicesFood Service158 SOUTH MAIN STREET, Hightstown, NJ 08520$474,212
School Business Office LLCSba Services-$150,017
Revenue and Support

Revenue Composition

Contributions and Grants
$7,990,805
Program Service Revenue
$12,399,555
Investment Income
$664
Other Revenue
$43,318
Change in Net Assets
$1,144,571

Audited Revenue Reconciliation

Revenue per Audited Statements
$20,434,342
Total Revenue per Audited Statements
$20,434,342
Total Revenue per Form 990
$20,434,342
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$12,337,833
Other Expenses$6,951,938
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$5,566,742$807,063-$6,373,805
Pension Plan Contributions$2,471,445$584,409-$3,055,854
Fees for Services Other$1,368,035$475,590-$1,843,625
Other Employee Benefits$1,486,297$233,912-$1,720,209
Fees for Services Management$1,135,237$567,533-$1,702,770
Office Expenses$1,248,203$170,200-$1,418,403
Depreciation Depletion$908,683--$908,683
Current Officers, Directors, Trustees, and Key Employees$60,314$553,708-$614,022
Payroll Taxes$464,181$109,762-$573,943
Occupancy$245,926--$245,926
Insurance$87,666--$87,666
Other Expenses$56,837$2,859-$59,696
Fees for Services Accounting-$30,300-$30,300
Fees for Services Legal-$19,376-$19,376
Total Functional Expenses$15,735,059$3,554,712$0$19,289,771

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$19,289,771
Total Expenses per Audited Statements$19,289,771
Total Expenses per Form 990$19,289,771
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
Deferred Inflows of Resources$3,245,400
Net Pension Liability$2,857,778
Lease Liability$1,041,925
Payable to State Government$73,873
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

The board of trustees and designated school officials review the tax form 990 prior to submission and filing with the irs

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

Each school official and key employee and each member of the board of trustees must complete a "school ethics/personal/relative disclosure statement" pursuant to applicable new jersey state law. These forms are filed with the appropriate governmental entities, also per applicable new jersey state law.

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

Salary and compensation of the ceo/lead person of the school is reviewed and evaluated by board of trustees of the freedom prep charter school on an annual basis. In conducting such review and evaluation, factors such as personal strengths and weaknesses, as well as goals and achievements of the charter school, and comparable salary data are given due weight and consideration. The ultimate compensation evaluation and recommentdation is thereafter approved by the board of trustees of the charter school.

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

Salary and compensation of officers, key employees and all teachers are reviewed and evaluated by the charter school lead person and business administrator on an annual basis. In conducting such review and evaluation, factors such as teacher performance, education, experience, longetivity and comparable area standards for the profession are given due weight and consideration. All such compensation evaluations and recommendations are reviewed and approved by the board of trustees of the charter school.

Form 990, Page 6, Part VI, Line 19

The organization's governing dcouments, conflict of interest policy and financial statements are available upon request at the charter school's business office.

Filing and Contact Details

Filer

Filer Name
Freedom Prep Charter School
EIN
20-0683866
Phone
8569620766
Address
1000 ATLANTIC AVENUE, CAMDEN, NJ 08104

Signing Officer

Name
Joshua Solow
Title
Sch. Business Admin
Phone
8569620766
Signed
2023-05-04

Organization Details

Principal Officer
Joshua Solow
Formed
2005
Legal Domicile
Nj
Voting Board Members
6
Independent Board Members
6
Employees
167
Volunteers
8

Preparer

Firm
Galleros Robinson
Address
115 DAVIS STATION RD, CREAM RIDGE, NJ 08514
Preparer
Leonora Galleros
Phone
6469210400
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4A

The charter school was authorized to serve a maximum enrollment of 1,020 students in 2021-2022 in grades k-12. Freedom prep charter school ended the 2021-2022 school year with an enrollment of 769 students. The charter school provides an exceptional alternative for students and families otherwise slated to attend schools that too often do not meet their needs. Freedom prep embodies a refined no excuses approach. In addition to incorporating the traditional attributes that researchers have proven to be correlated with improved student learning outcomes - extended school days and years, rigorous college-prep academics, ongoing use of data to inform instructional decisions and resource allocation, consistent cultural and academic expectations, and exceptional talent at all levels - freedom prep is unique in its commitment to three other key design elements: a commitment to educating all students, in all subjects in all grades; authentic civic leadership and engagement; and operating on public funds.

Form 990, Page 2, Part III, Line 4B

The charter school implemented the every student succeeds act (essa) successful young charter school with great promise for the future. With a focus on leadership, civics, community service and academics, the charter school maintains a large waiting list for entrance and is armed with a strong board, experienced staff, significant seed funding, a well- developed mission and accompanying core values. And the idea programs. These programs were enacted by congress to preauthorize the elementary and secondary education act with major focus on providing all children with fair, equal and significant opportunity to have a high quality education through enrichment activities. In addition, the charter school also implemented the requirements of the esser, arp and other covid-19 related activities to retain and maintain school operations during the covid-19 pandemic.

Raw XML AppendixShowing 400 of 482 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.

Path#Value
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IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0139483
IRS990/AccountsReceivableGrp/BOYAmt0622938
IRS990/AccountsReceivableGrp/EOYAmt02223279
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO EDUCATE RESPONSIBLE CITIZEN-SCHOLARS FOR SUCCESS IN THE COLLEGE OF THEIR CHOICE AND A LIFE OF ACTIVE CITIZENSHIP.
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0FREEDOM PREP CHARTER SCHOOL
IRS990/BooksInCareOfDetail/PhoneNum08569620766
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01000 ATLANTIC AVENUE
IRS990/BooksInCareOfDetail/USAddress/CityNm0CAMDEN
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NJ
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IRS990/ContractorCompensationGrp/CompensationAmt2474212
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IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt1345 E MAIN ST
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IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0NEW YORK
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm1CHESTER
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm2HIGHTSTOWN
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0NY
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IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd2NJ
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IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0DEMOCRACY PREP PUBLIC SCHOOLS
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IRS990/Desc0THE CHARTER SCHOOL WAS AUTHORIZED TO SERVE A MAXIMUM ENROLLMENT OF 1,020 STUDENTS IN 2021-2022 IN GRADES K-12. FREEDOM PREP CHARTER SCHOOL ENDED THE 2021-2022 SCHOOL YEAR WITH AN ENROLLMENT OF 769 STUDENTS. THE CHARTER SCHOOL PROVIDES AN EXCEPTIONAL ALTERNATIVE FOR STUDENTS AND FAMILIES OTHERWISE SLATED TO ATTEND SCHOOLS THAT TOO OFTEN DO NOT MEET THEIR NEEDS. FREEDOM PREP EMBODIES A REFINED NO EXCUSES APPROACH. IN ADDITION TO INCORPORATING THE TRADITIONAL ATTRIBUTES THAT RESEARCHERS HAVE PROVEN TO BE CORRELATED WITH IMPROVED STUDENT LEARNING OUTCOMES - EXTENDED SCHOOL DAYS AND YEARS, RIGOROUS COLLEGE-PREP ACADEMICS, ONGOING USE OF DATA TO INFORM INSTRUCTIONAL DECISIONS AND RESOURCE ALLOCATION, CONSISTENT CULTURAL AND ACADEMIC EXPECTATIONS, AND EXCEPTIONAL TALENT AT ALL LEVELS - FREEDOM PREP IS UNIQUE IN ITS COMMITMENT TO THREE OTHER KEY DESIGN ELEMENTS: A COMMITMENT TO EDUCATING ALL STUDENTS, IN ALL SUBJECTS IN ALL GRADES; AUTHENTIC CIVIC LEADERSHIP AND ENGAGEMENT; AND OPERATING ON PUBLIC FUNDS.
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IRS990/ProgSrvcAccomActy2Grp/Desc0THE CHARTER SCHOOL IMPLEMENTED THE EVERY STUDENT SUCCEEDS ACT (ESSA) SUCCESSFUL YOUNG CHARTER SCHOOL WITH GREAT PROMISE FOR THE FUTURE. WITH A FOCUS ON LEADERSHIP, CIVICS, COMMUNITY SERVICE AND ACADEMICS, THE CHARTER SCHOOL MAINTAINS A LARGE WAITING LIST FOR ENTRANCE AND IS ARMED WITH A STRONG BOARD, EXPERIENCED STAFF, SIGNIFICANT SEED FUNDING, A WELL- DEVELOPED MISSION AND ACCOMPANYING CORE VALUES. AND THE IDEA PROGRAMS. THESE PROGRAMS WERE ENACTED BY CONGRESS TO PREAUTHORIZE THE ELEMENTARY AND SECONDARY EDUCATION ACT WITH MAJOR FOCUS ON PROVIDING ALL CHILDREN WITH FAIR, EQUAL AND SIGNIFICANT OPPORTUNITY TO HAVE A HIGH QUALITY EDUCATION THROUGH ENRICHMENT ACTIVITIES. IN ADDITION, THE CHARTER SCHOOL ALSO IMPLEMENTED THE REQUIREMENTS OF THE ESSER, ARP AND OTHER COVID-19 RELATED ACTIVITIES TO RETAIN AND MAINTAIN SCHOOL OPERATIONS DURING THE COVID-19 PANDEMIC.
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IRS990/ProgSrvcAccomActy3Grp/Desc0THE CHARTER SCHOOL PROVIDED NUTRITIONALLY BALANCED, LOW COST OR FREE MEALS TO STUDENTS EACH SCHOOL DAY THROUGH ITS BREAKFAST AND LUNCH PROGRAMS. THE PROGRAMS ARE FEDERALLY AND STATE ASSISTED.
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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0FREEDOM PREP CHARTER SCHOOL MAINTAINS A RACIALLY NONDISCRIMANATORY POLICY TOWARDS ALL STUDENTS IN THAT THE CHARTER SCHOOL DOES NOT DISCRIMINATE GAINST ANY STUDENT, OR EMPLOYEE. FOR REASONS OF RACE, COLOR, CREED, SEX, AGE, RELIGION, ETHNIC ORIGIN, FAMILY AFFILIATION, DISABILITIES, SOCIAL OR ECONOMIC STATUS, MARITAL STATUS, SEXUAL ORIENTATION, OR BECAUSE OF LIABILITY FOR SERVICE IN THE UNITED STATES ARMED FORCES. THE RACIALLY NONDISCRIMINATORY POLICY IS CONTAINED IN THE SCHOOL BY-LAWS AND IS COMMUNICATED TO STUDENTS AND PARENTS. THE SCHOOL INTENDS TO PUBLISH THIS POLICY IN ITS BROCHURE AND ON ITS WEBSITE. IN ADDITION, FREEDOM PREP CHARTER SCHOOL CUSTOMARILY DRAWS ITS STUDENTS FROM LOCAL COMMUNITIES, AND FURTHER, THE CHARTER SCHOOL ENROLLS STUDENTS OF RACIAL MINORITY GROUPS IN MEANINGFUL NUMBERS.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE CHARTER SCHOOL RECEIVES PUBLIC ASSISTANCE BY WAY OF PERCENTAGE OF LOCAL TAX LEVY PURSUANT TO REGULATIONS PROMULGATED BY THE STATE OF NEW JERSEY DEPARTMENT OF EDUCATION. IN ADDITION, THE CHARTER SCHOOL RECEIVES FEDERAL ASSISTANCE BY WAY OF GRANTS FROM NCLB/TITLE I AND I.D.E.A. PROGRAMS. OTHER FINANCIAL ASSISTANCE FROM GOVERNMENTAL PROGRAMS IS ALSO AVAILABLE VIA APPLICATION.
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IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 6
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CHARTER SCHOOL WAS AUTHORIZED TO SERVE A MAXIMUM ENROLLMENT OF 1,020 STUDENTS IN 2021-2022 IN GRADES K-12. FREEDOM PREP CHARTER SCHOOL ENDED THE 2021-2022 SCHOOL YEAR WITH AN ENROLLMENT OF 769 STUDENTS. THE CHARTER SCHOOL PROVIDES AN EXCEPTIONAL ALTERNATIVE FOR STUDENTS AND FAMILIES OTHERWISE SLATED TO ATTEND SCHOOLS THAT TOO OFTEN DO NOT MEET THEIR NEEDS. FREEDOM PREP EMBODIES A REFINED NO EXCUSES APPROACH. IN ADDITION TO INCORPORATING THE TRADITIONAL ATTRIBUTES THAT RESEARCHERS HAVE PROVEN TO BE CORRELATED WITH IMPROVED STUDENT LEARNING OUTCOMES - EXTENDED SCHOOL DAYS AND YEARS, RIGOROUS COLLEGE-PREP ACADEMICS, ONGOING USE OF DATA TO INFORM INSTRUCTIONAL DECISIONS AND RESOURCE ALLOCATION, CONSISTENT CULTURAL AND ACADEMIC EXPECTATIONS, AND EXCEPTIONAL TALENT AT ALL LEVELS - FREEDOM PREP IS UNIQUE IN ITS COMMITMENT TO THREE OTHER KEY DESIGN ELEMENTS: A COMMITMENT TO EDUCATING ALL STUDENTS, IN ALL SUBJECTS IN ALL GRADES; AUTHENTIC CIVIC LEADERSHIP AND ENGAGEMENT; AND OPERATING ON PUBLIC FUNDS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CHARTER SCHOOL IMPLEMENTED THE EVERY STUDENT SUCCEEDS ACT (ESSA) SUCCESSFUL YOUNG CHARTER SCHOOL WITH GREAT PROMISE FOR THE FUTURE. WITH A FOCUS ON LEADERSHIP, CIVICS, COMMUNITY SERVICE AND ACADEMICS, THE CHARTER SCHOOL MAINTAINS A LARGE WAITING LIST FOR ENTRANCE AND IS ARMED WITH A STRONG BOARD, EXPERIENCED STAFF, SIGNIFICANT SEED FUNDING, A WELL- DEVELOPED MISSION AND ACCOMPANYING CORE VALUES. AND THE IDEA PROGRAMS. THESE PROGRAMS WERE ENACTED BY CONGRESS TO PREAUTHORIZE THE ELEMENTARY AND SECONDARY EDUCATION ACT WITH MAJOR FOCUS ON PROVIDING ALL CHILDREN WITH FAIR, EQUAL AND SIGNIFICANT OPPORTUNITY TO HAVE A HIGH QUALITY EDUCATION THROUGH ENRICHMENT ACTIVITIES. IN ADDITION, THE CHARTER SCHOOL ALSO IMPLEMENTED THE REQUIREMENTS OF THE ESSER, ARP AND OTHER COVID-19 RELATED ACTIVITIES TO RETAIN AND MAINTAIN SCHOOL OPERATIONS DURING THE COVID-19 PANDEMIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF TRUSTEES AND DESIGNATED SCHOOL OFFICIALS REVIEW THE TAX FORM 990 PRIOR TO SUBMISSION AND FILING WITH THE IRS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3EACH SCHOOL OFFICIAL AND KEY EMPLOYEE AND EACH MEMBER OF THE BOARD OF TRUSTEES MUST COMPLETE A "SCHOOL ETHICS/PERSONAL/RELATIVE DISCLOSURE STATEMENT" PURSUANT TO APPLICABLE NEW JERSEY STATE LAW. THESE FORMS ARE FILED WITH THE APPROPRIATE GOVERNMENTAL ENTITIES, ALSO PER APPLICABLE NEW JERSEY STATE LAW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4SALARY AND COMPENSATION OF THE CEO/LEAD PERSON OF THE SCHOOL IS REVIEWED AND EVALUATED BY BOARD OF TRUSTEES OF THE FREEDOM PREP CHARTER SCHOOL ON AN ANNUAL BASIS. IN CONDUCTING SUCH REVIEW AND EVALUATION, FACTORS SUCH AS PERSONAL STRENGTHS AND WEAKNESSES, AS WELL AS GOALS AND ACHIEVEMENTS OF THE CHARTER SCHOOL, AND COMPARABLE SALARY DATA ARE GIVEN DUE WEIGHT AND CONSIDERATION. THE ULTIMATE COMPENSATION EVALUATION AND RECOMMENTDATION IS THEREAFTER APPROVED BY THE BOARD OF TRUSTEES OF THE CHARTER SCHOOL.

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