Civic Intelligence

Oracle Charter School

990 • Fiscal year 2023 • EIN 20-1116278

Jul 01, 2022 to Jun 30, 2023 • Filed on May 14, 2024

1231 Delaware Avenue Suite 6Buffalo, NY 14209

(716) 881-0089

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

96th percentile

1.00x

Higher debt load relative to assets than 96% of similar nonprofits.

2023 filings • NTEE B • <$500k nonprofits • Source year 2023

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2023

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2023

Top Officer Pay

86th percentile

$0

Higher top officer pay than 86% of similar nonprofits.

2023 filings • NTEE B • <$500k nonprofits • Source year 2023

Asset Growth

15th percentile

-29%

Faster asset growth than 15% of similar nonprofits.

2023 filings • NTEE B • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

2nd percentile

-100%

Faster revenue growth than 2% of similar nonprofits.

2023 filings • NTEE B • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Flat

$65,131

Flat from 2023

Net Assets

Flat

$0

Flat from 2023

Liabilities

Flat

$65,131

Flat from 2023

Revenue

Flat

$0

Flat from 2023

Expenses

Flat

$28,024

Flat from 2023

Net Income

Flat

-$28,024

Flat from 2023

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2011: $1,972,613Liabilities 2011: $343,807Net Assets 2011: $1,628,8062011Assets 2012: $2,365,740Liabilities 2012: $479,622Net Assets 2012: $1,886,1182012Assets 2013: $2,419,264Liabilities 2013: $500,623Net Assets 2013: $1,918,6412013Assets 2014: $2,331,616Liabilities 2014: $509,468Net Assets 2014: $1,822,1482014Assets 2015: $2,576,798Liabilities 2015: $528,233Net Assets 2015: $2,048,5652015Assets 2016: $2,944,100Liabilities 2016: $552,173Net Assets 2016: $2,391,9272016Assets 2017: $2,673,961Liabilities 2017: $498,306Net Assets 2017: $2,175,6552017Assets 2018: $980,081Liabilities 2018: $980,081Net Assets 2018: $02018Assets 2019: $204,079Liabilities 2019: $204,079Net Assets 2019: $02019Assets 2020: $157,296Liabilities 2020: $157,296Net Assets 2020: $02020Assets 2021: $127,342Liabilities 2021: $127,342Net Assets 2021: $02021Assets 2022: $92,025Liabilities 2022: $92,025Net Assets 2022: $02022Assets 2023: $65,131Liabilities 2023: $65,131Net Assets 2023: $02023Assets 2023: $65,131Liabilities 2023: $65,131Net Assets 2023: $02023Assets 2024: $34,222Liabilities 2024: $34,222Net Assets 2024: $02024Assets 2025: $6,908Liabilities 2025: $6,908Net Assets 2025: $02025

Highlighted filing

2023

Assets$65,131
Liabilities$65,131
Net Assets$0

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $4,678,110Expenses 2011: $4,153,189Net Income 2011: $524,9212011Expenses 2012: $4,598,3772012Revenue 2013: $4,891,018Expenses 2013: $4,858,495Net Income 2013: $32,5232013Revenue 2014: $5,197,180Expenses 2014: $5,293,673Net Income 2014: -$96,4932014Revenue 2015: $5,314,443Expenses 2015: $5,088,026Net Income 2015: $226,4172015Revenue 2016: $5,545,587Expenses 2016: $5,202,225Net Income 2016: $343,3622016Revenue 2017: $5,305,779Expenses 2017: $5,522,051Net Income 2017: -$216,2722017Revenue 2018: $4,876,778Expenses 2018: $5,675,707Net Income 2018: -$798,9292018Revenue 2019: $48,297Expenses 2019: $662,265Net Income 2019: -$613,9682019Revenue 2020: $38,034Expenses 2020: $38,034Net Income 2020: $02020Revenue 2021: $2,686Expenses 2021: $31,292Net Income 2021: -$28,6062021Revenue 2022: $1Expenses 2022: $35,917Net Income 2022: -$35,9162022Revenue 2023: $0Expenses 2023: $28,024Net Income 2023: -$28,0242023Revenue 2023: $0Expenses 2023: $28,024Net Income 2023: -$28,0242023Revenue 2024: $55,227Expenses 2024: $27,665Net Income 2024: $27,5622024Revenue 2025: $0Expenses 2025: $28,870Net Income 2025: -$28,8702025

Highlighted filing

2023

Revenue$0
Expenses$28,024
Net Income-$28,024
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 14, 2024
Return Version
2022v5.0
Gross Receipts
$0
Mission and Program Overview

Mission

The mission of Oracle Charter School was to educate, empower, and enable all students by offering a college preparatory education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$92,025$65,131▼ $26,894
Total Assets$92,025$65,131▼ $26,894
Liabilities
Other Liabilities$88,044$60,021▼ $28,023
Accounts Payable and Accrued Expenses$3,981$5,110▲ $1,129
Total Liabilities$92,025$65,131▼ $26,894
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$0$0→ $0
Total Liabilities and Net Assets / Fund Balance$92,025$65,131▼ $26,894
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-28,024
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$28,024
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Insurance-$18,360-$18,360
Fees for Services Legal-$5,089-$5,089
Fees for Services Accounting-$4,575-$4,575
Total Functional Expenses$0$28,024$0$28,024
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
Lease payable$53,360
Estimated liquidation costs$6,661
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
No
Other officer compensation reviewed
No
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, Part VI, Section B, line 11B

The finance committee of the board reviews the document prior to filing.

Form 990, Part VI, Section B, line 12C

The Board monitors conflict of interest disclosures and submits financial interest forms to its authorizer annually.

Form 990, Part VI, Section C, line 19

The 990 is available upon request.

Filing and Contact Details

Filer

Filer Name
Oracle Charter School
EIN
20-1116278
Phone
7168810089
Address
1231 Delaware Avenue Suite 6, Buffalo, NY 14209

Signing Officer

Name
John Whitty
Title
Treasurer
Phone
7168810089
Signed
2024-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Whitty
Formed
2004
Legal Domicile
Ny
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
0

Preparer

Firm
Kirisits & Associates CPAs PLLC
Address
1231 Delaware Avenue Suite 6, Buffalo, NY 14209
Preparer
Lisa M Kirisits CPA
Phone
7168810089
Supplemental Narrative

Additional Explanations

Form 990, Part III, line 3

In February 2018, the School was notified by SUNY Charter School Institute, the School's authorizer, that its charter would not be renewed, its educational program would cease at the end of the 2017-2018 school year (June 30, 2018), and that the education corporation would need to be dissolved. Accordingly, the charter school program was terminated as of said date, and the School immediately began to implement SUNY Charter School Institute mandated closing procedures. The remaining net assets have not yet been fully liquidated. Per the NYS education law and not for profit law, any assets following the closure of a charter school must be distributed pursuant to a Plan of Dissolution and Distribution of Assets, approved by the New York State Education Department Board of Regents and the NYS Attorney General and finally, NYS Supreme Court Order approving the Plan of Dissolution and Distribution of Assets.

Form 990, Part XI, line 9:

Change in estimated liquidation costs 28,024.

Form 990, Part XII, Line 1:

In February 2018, the School was notified by SUNY Charter School Institute, the School's authorizer that its charter would not be renewed, that its educational program would cease at the end of the 2017-2018 school year (June 30, 2018) and that the education corporation would need to be dissolved. Accordingly, the charter school changed its basis of accounting to liquidation basis of accounting.

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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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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0Solicitations are written, and the policy was included on all written documentation.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1The school did not award scholarships. The school is a New York State Charter School, which is publicly funded.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2The school was the recipient of awards and reimbursements from various federal, state, and local sources. The awards and reimbursements were subject to various compliance and financial audits by the funding source.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 3
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IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2Schedule E, Part I, Line 6
IRS990/ScheduleJRequiredInd00
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0In February 2018, the School was notified by SUNY Charter School Institute, the School's authorizer, that its charter would not be renewed, its educational program would cease at the end of the 2017-2018 school year (June 30, 2018), and that the education corporation would need to be dissolved. Accordingly, the charter school program was terminated as of said date, and the School immediately began to implement SUNY Charter School Institute mandated closing procedures. The remaining net assets have not yet been fully liquidated. Per the NYS education law and not for profit law, any assets following the closure of a charter school must be distributed pursuant to a Plan of Dissolution and Distribution of Assets, approved by the New York State Education Department Board of Regents and the NYS Attorney General and finally, NYS Supreme Court Order approving the Plan of Dissolution and Distribution of Assets.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The finance committee of the board reviews the document prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Board monitors conflict of interest disclosures and submits financial interest forms to its authorizer annually.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The 990 is available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Change in estimated liquidation costs 28,024.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5In February 2018, the School was notified by SUNY Charter School Institute, the School's authorizer that its charter would not be renewed, that its educational program would cease at the end of the 2017-2018 school year (June 30, 2018) and that the education corporation would need to be dissolved. Accordingly, the charter school changed its basis of accounting to liquidation basis of accounting.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part XI, line 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part XII, Line 1:
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Oracle Building Corporation
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0202390504
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Ownership of building whose sole tenant was Oracle Charter School.
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt012
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt01231 Delaware Avenue
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Buffalo
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd014209
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd01
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt092025
IRS990/TotalAssetsEOYAmt065131
IRS990/TotalAssetsGrp/BOYAmt092025
IRS990/TotalAssetsGrp/EOYAmt065131
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt028024
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt028024
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt092025
IRS990/TotalLiabilitiesEOYAmt065131
IRS990/TotalLiabilitiesGrp/BOYAmt092025
IRS990/TotalLiabilitiesGrp/EOYAmt065131
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotalOtherCompensationAmt00
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt00
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt092025
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt065131
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01231 Delaware Avenue Suite 6
IRS990/USAddress/CityNm0Buffalo
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd014209
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0John Whitty
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum07168810089
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-05-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Oracle Charter School
ReturnHeader/Filer/BusinessNameControlTxt0ORAC
ReturnHeader/Filer/EIN0201116278
ReturnHeader/Filer/PhoneNum07168810089
ReturnHeader/Filer/USAddress/AddressLine1Txt01231 Delaware Avenue Suite 6
ReturnHeader/Filer/USAddress/CityNm0Buffalo
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd014209
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0261689358
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Kirisits & Associates CPAs PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01231 Delaware Avenue Suite 6
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Buffalo
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd014209
ReturnHeader/PreparerPersonGrp/PhoneNum07168810089
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Lisa M Kirisits CPA
ReturnHeader/ReturnTs02024-05-15T13:14:36-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0John
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Whitty
ReturnHeader/TaxPeriodBeginDt02022-07-01
ReturnHeader/TaxPeriodEndDt02023-06-30
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.01$0.01$0.00$0.00$0.03$0.03
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.03$0.03$0.00$0.06$0.03$0.03
2023Detailed filing. Detailed filing data is available for this year.$0.07$0.07$0.00$0.00$0.03$0.03
2023Summary only. Only limited summary data is available for this year.$0.07$0.07$0.00$0.00$0.03$0.03
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.09$0.09$0.00$0.00$0.04$0.04
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.13$0.13$0.00$0.00$0.03$0.03
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.16$0.16$0.00$0.04$0.04$0.00
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.20$0.20$0.00$0.05$0.66$0.61
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.98$0.98$0.00$4.88$5.68$0.80
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.67$0.50$2.18$5.31$5.52$0.22
2016Detailed filing. Detailed filing data is available for this year.$2.94$0.55$2.39$5.55$5.20$0.34
2015Detailed filing. Detailed filing data is available for this year.$2.58$0.53$2.05$5.31$5.09$0.23
2014Detailed filing. Detailed filing data is available for this year.$2.33$0.51$1.82$5.20$5.29$0.10
2013Summary only. Only limited summary data is available for this year.$2.42$0.50$1.92$4.89$4.86$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.37$0.48$1.89$4.60
2011Summary only. Only limited summary data is available for this year.$1.97$0.34$1.63$4.68$4.15$0.52