Civic Intelligence

The Uft Charter School

EIN 20-3007083 • 501(c)3 • New York, NY

Profile

The uft elementary charter school will prepare all students to achieve academic and personal excellence and to graduate students fully prepared for a demanding secondary education and help prepare students for meaningful lives as full democratic citizens in a free society.

52 Broadway - 11th FloorNew York, NY 10004

www.uftcharterschool.net

Siviq Scores

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

Liabilities / Assets

54th percentile

0.01x

Higher debt load relative to assets than 54% of similar nonprofits.

NTEE B • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

96th percentile

1.24x

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

NTEE B • $500k-$1M nonprofits • Source year 2024

Net Margin

87th percentile

53%

Higher net margin than 87% of similar nonprofits.

NTEE B • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

57th percentile

$0

Higher top officer pay than 57% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

NTEE B • $500k-$1M nonprofits • Source year 2024

Asset Growth

39th percentile

1.0%

Faster asset growth than 39% of similar nonprofits.

NTEE B • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

87th percentile

105%

Faster revenue growth than 87% of similar nonprofits.

NTEE B • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Up

$921,971

Up $4,544 (+0.5%) from 2022

Liabilities

Up

$7,502

Up $7,340 (+4531%) from 2022

Net Assets

Down

$914,469

Down $2,796 (-0.3%) from 2022

Revenue

Up

$4,704

Up $3,999 (+567%) from 2022

Expenses

Down

$7,500

Down $16,031 (-68%) from 2022

Net Income

Up

-$2,796

Up $20,030 (+88%) from 2022

Trend Graphs

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0-$2.0MAssets 2011: $1,398,512Liabilities 2011: $2,241,460Net Assets 2011: -$842,9482011Assets 2012: $1,152,842Liabilities 2012: $2,533,961Net Assets 2012: -$1,381,1192012Assets 2013: $1,552,182Liabilities 2013: $602,547Net Assets 2013: $949,6352013Assets 2014: $4,253,574Liabilities 2014: $1,089,758Net Assets 2014: $3,163,8162014Assets 2015: $5,827,850Liabilities 2015: $1,988,966Net Assets 2015: $3,838,8842015Assets 2016: $4,181,455Liabilities 2016: $1,399,047Net Assets 2016: $2,782,4082016Assets 2017: $3,879,740Liabilities 2017: $1,420,026Net Assets 2017: $2,459,7142017Assets 2018: $3,257,728Liabilities 2018: $1,243,561Net Assets 2018: $2,014,1672018Assets 2019: $2,765,022Liabilities 2019: $871,101Net Assets 2019: $1,893,9212019Assets 2020: $2,251,314Liabilities 2020: $793,258Net Assets 2020: $1,458,0562020Assets 2021: $1,117,907Liabilities 2021: $177,816Net Assets 2021: $940,0912021Assets 2022: $917,427Liabilities 2022: $162Net Assets 2022: $917,2652022Assets 2023: $921,971Liabilities 2023: $7,502Net Assets 2023: $914,4692023

Highlighted filing

2023

Assets$921,971
Liabilities$7,502
Net Assets$914,469

Operations Trend

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

$20M$15M$10M$5.0M$0-$5.0MRevenue 2011: $13,374,952Expenses 2011: $13,173,872Net Income 2011: $201,0802011Revenue 2012: $13,696,557Expenses 2012: $14,234,728Net Income 2012: -$538,1712012Expenses 2013: $13,290,9862013Revenue 2014: $15,164,472Expenses 2014: $12,950,291Net Income 2014: $2,214,1812014Revenue 2015: $15,114,380Expenses 2015: $14,439,311Net Income 2015: $675,0692015Revenue 2016: $5,649,290Expenses 2016: $6,705,766Net Income 2016: -$1,056,4762016Revenue 2017: $4,993,006Expenses 2017: $5,315,700Net Income 2017: -$322,6942017Revenue 2018: $4,473,436Expenses 2018: $4,918,983Net Income 2018: -$445,5472018Revenue 2019: $4,227,289Expenses 2019: $4,347,535Net Income 2019: -$120,2462019Revenue 2020: $3,495,118Expenses 2020: $3,930,983Net Income 2020: -$435,8652020Revenue 2021: $63,740Expenses 2021: $686,972Net Income 2021: -$623,2322021Revenue 2022: $705Expenses 2022: $23,531Net Income 2022: -$22,8262022Revenue 2023: $4,704Expenses 2023: $7,500Net Income 2023: -$2,7962023

Highlighted filing

2023

Revenue$4,704
Expenses$7,500
Net Income-$2,796

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$0.92$0.01$0.91$0.00$0.01$0.00
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.92$0.00$0.92$0.00$0.02$0.02
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.12$0.18$0.94$0.06$0.69$0.62
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.25$0.79$1.46$3.50$3.93$0.44
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.77$0.87$1.89$4.23$4.35$0.12
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.26$1.24$2.01$4.47$4.92$0.45
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.88$1.42$2.46$4.99$5.32$0.32
2016Detailed filing. Detailed filing data is available for this year.$4.18$1.40$2.78$5.65$6.71$1.06
2015Detailed filing. Detailed filing data is available for this year.$5.83$1.99$3.84$15.1$14.4$0.68
2014Detailed filing. Detailed filing data is available for this year.$4.25$1.09$3.16$15.2$13.0$2.21
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.55$0.60$0.95$13.3
2012Summary only. Only limited summary data is available for this year.$1.15$2.53$1.38$13.7$14.2$0.54
2011Summary only. Only limited summary data is available for this year.$1.40$2.24$0.84$13.4$13.2$0.20
Latest Detailed Filing

The latest 2023 filing currently has summary financial data only. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 1, 2023
Return Version
2021v4.2
Gross Receipts
$705
Mission and Program Overview

Mission

The uft charter school will give all students the opportunity to achieve academic and personal excellence. We will graduate students who are fully prepared for a demanding college education and a satisfying career. We will prepare students for meaningful lives as full democratic citizens in a free society.

To prepare students for the challenges, responsibilities, and opportunities of democratic citizenship.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$930,217$761,543▼ $168,674
Cash and Non-Interest-Bearing Accounts$144,362$155,884▲ $11,522
Accounts Receivable$43,328$0▼ $43,328
Total Assets$1,117,907$917,427▼ $200,480
Liabilities
Other Liabilities$25,950$0▼ $25,950
Accounts Payable and Accrued Expenses$151,866$162▼ $151,704
Total Liabilities$177,816$162▼ $177,654
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$940,091$917,265▼ $22,826
Total Net Assets Fund Balance$940,091$917,265▼ $22,826
Total Liabilities and Net Assets / Fund Balance$1,117,907$917,427▼ $200,480
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jackie BennettChairperson, Uft Represent
Felicia GraceParent Representative
Dayna ZagardoSecretary, Uft Charter Sch
Burton SacksTreasurer, External Repres
Sally-ann Bongiovanni-famularoUft Representative
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$448
Other Revenue
$257
Change in Net Assets
$-22,826

Audited Revenue Reconciliation

Revenue per Audited Statements
$705
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$705
Total Revenue per Form 990
$705
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$11,962
Other Expenses$11,569
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting-$12,750-$12,750
Payroll Taxes-$10,191-$10,191
Office Expenses-$5,390-$5,390
Other Employee Benefits-$1,551-$1,551
Pension Plan Contributions-$1,393-$1,393
Conferences and Meetings-$-223-$-223
Other Salaries and Wages-$-1,173-$-1,173
Other Expenses-$-2,429-$-2,429
All Other Expenses-$-4,586-$-4,586
Total Functional Expenses$0$23,531$0$23,531

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$23,531
Total Expenses per Audited Statements$23,531
Total Expenses per Form 990$23,531
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
No
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 A, Line 8B

The organization does not have any committees with authority to act on behalf of the governing body.

Form 990, Part VI, Section B, Line 11B

Form 990 is prepared by the charter school's accountants. A copy of the return will be distributed to the board of trustees for approval prior to filing.

Form 990, Part VI, Section C, Line 19

The charter school makes its governing documents and financial statements available upon request.

Filing and Contact Details

Filer

Filer Name
The Uft Charter School
EIN
20-3007083
Phone
2125989247
Address
52 BROADWAY - 11TH FLOOR, NEW YORK, NY 10004

Signing Officer

Name
Jackie Bennett
Title
Uft Representative
Phone
2125989247
Signed
2023-05-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jackie Bennett
Formed
2005
Legal Domicile
Ny
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0

Preparer

Firm
Buchbinder Tunick & Co Llp
Address
ONE PENN PLAZA SUITE 3200, NEW YORK, NY 10119
Phone
2126955003
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 3

Pursuant to a memorandum of agreement dated february 27, 2020 between the board of education of the city school district of new york and the united federation of teachers, local 2, aft, afl-cio, the uft charter school voluntarily relinquished its charter on july 1, 2020. Therefore, the uft charter school did not provide any program services during and subsequent to the fiscal year ended june 30,2021.

Raw XML Appendix339 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/Form990PartVIISectionAGrp/PersonNm1BURTON SACKS
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IRS990/Form990PartVIISectionAGrp/PersonNm3SALLY-ANN BONGIOVANNI-FAMULARO
IRS990/Form990PartVIISectionAGrp/PersonNm4DAYNA ZAGARDO
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
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IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER, EXTERNAL REPRES
IRS990/Form990PartVIISectionAGrp/TitleTxt2PARENT REPRESENTATIVE
IRS990/Form990PartVIISectionAGrp/TitleTxt3UFT REPRESENTATIVE
IRS990/Form990PartVIISectionAGrp/TitleTxt4SECRETARY, UFT CHARTER SCH
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IRS990/MissionDesc0THE UFT CHARTER SCHOOL WILL GIVE ALL STUDENTS THE OPPORTUNITY TO ACHIEVE ACADEMIC AND PERSONAL EXCELLENCE. WE WILL GRADUATE STUDENTS WHO ARE FULLY PREPARED FOR A DEMANDING COLLEGE EDUCATION AND A SATISFYING CAREER. WE WILL PREPARE STUDENTS FOR MEANINGFUL LIVES AS FULL DEMOCRATIC CITIZENS IN A FREE SOCIETY.
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IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0ALL JOB POSTINGS IN NEWSPAPERS INCLUDE THE SCHOOL'S NON- DISCRIMINATORY POLICY.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION CERTIFIES THAT IT HAS COMPLIED WITH THE APPLICABLE REQUIREMENTS OF SECTIONS 4.01 THROUGH 4.05 OF REV. PROC. 75-50, 1975-2 C.B. 587 COVERING RACIAL NONDISCRIMINATION.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PURSUANT TO A MEMORANDUM OF AGREEMENT DATED FEBRUARY 27, 2020 BETWEEN THE BOARD OF EDUCATION OF THE CITY SCHOOL DISTRICT OF NEW YORK AND THE UNITED FEDERATION OF TEACHERS, LOCAL 2, AFT, AFL-CIO, THE UFT CHARTER SCHOOL VOLUNTARILY RELINQUISHED ITS CHARTER ON JULY 1, 2020. THEREFORE, THE UFT CHARTER SCHOOL DID NOT PROVIDE ANY PROGRAM SERVICES DURING AND SUBSEQUENT TO THE FISCAL YEAR ENDED JUNE 30,2021.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 IS PREPARED BY THE CHARTER SCHOOL'S ACCOUNTANTS. A COPY OF THE RETURN WILL BE DISTRIBUTED TO THE BOARD OF TRUSTEES FOR APPROVAL PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CHARTER SCHOOL MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd01
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01117907
IRS990/TotalAssetsEOYAmt0917427
IRS990/TotalAssetsGrp/BOYAmt01117907
IRS990/TotalAssetsGrp/EOYAmt0917427
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt023531
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt023531
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0177816
IRS990/TotalLiabilitiesEOYAmt0162
IRS990/TotalLiabilitiesGrp/BOYAmt0177816
IRS990/TotalLiabilitiesGrp/EOYAmt0162
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0940091
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0917265
IRS990/TotalOtherCompensationAmt00
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0448
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0257
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0705
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01117907
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0917427
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationOtherInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt052 BROADWAY - 11TH FLOOR
IRS990/USAddress/CityNm0NEW YORK
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd010004
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.UFTCHARTERSCHOOL.NET
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JACKIE BENNETT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0UFT REPRESENTATIVE
ReturnHeader/BusinessOfficerGrp/PhoneNum02125989247
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-05-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE UFT CHARTER SCHOOL
ReturnHeader/Filer/BusinessNameControlTxt0UFTC
ReturnHeader/Filer/EIN0203007083
ReturnHeader/Filer/PhoneNum02125989247
ReturnHeader/Filer/USAddress/AddressLine1Txt052 BROADWAY - 11TH FLOOR
ReturnHeader/Filer/USAddress/CityNm0NEW YORK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010004
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0131578842
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BUCHBINDER TUNICK & CO LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0ONE PENN PLAZA SUITE 3200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW YORK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd010119
ReturnHeader/PreparerPersonGrp/PhoneNum02126955003
ReturnHeader/ReturnTs02023-05-12T10:01:02-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JACKIE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0BENNETT
ReturnHeader/TaxPeriodBeginDt02021-07-01
ReturnHeader/TaxPeriodEndDt02022-06-30
ReturnHeader/TaxYr02021

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