Liabilities / Assets
90th percentile
Higher debt load relative to assets than 90% of similar nonprofits.
990 • Fiscal year 2016 • EIN 20-4406909
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
90th percentile
Higher debt load relative to assets than 90% of similar nonprofits.
Liabilities / Revenue
53rd percentile
Higher debt load relative to revenue than 53% of similar nonprofits.
Net Margin
21st percentile
Higher net margin than 21% of similar nonprofits.
Top Officer Pay
37th percentile
Higher top officer pay than 37% of similar nonprofits.
Top officer pay equals 0.9% of source-year revenue.
Asset Growth
96th percentile
Faster asset growth than 96% of similar nonprofits.
Revenue Growth
80th percentile
Faster revenue growth than 80% of similar nonprofits.
Assets
Up$5,709,300
Up $1,989,322 (+53%) from 2015
Net Assets
Down$527,414
Down $889,883 (-63%) from 2015
Liabilities
Up$5,181,886
Up $2,879,205 (+125%) from 2015
Revenue
Up$14,614,612
Up $2,018,856 (+16%) from 2015
Expenses
Up$15,504,495
Up $4,166,456 (+37%) from 2015
Net Income
Down-$889,883
Down $2,147,600 (-171%) from 2015
As a college-preparatory school, Foundation Academy Charter School's mission is to ensure that all of their students secure the academic knowledge and skills to prepare them for the nation's finest colleges, and to instill in them the core values of caring, respect, responsibility and honesty. Foundation Academy Charter School's 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
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Cash and Non-Interest-Bearing Accounts | $2,607,528 | $3,602,904 | ▲ $995,376 |
| Accounts Receivable | $496,130 | $546,191 | ▲ $50,061 |
| Land, Buildings, and Equipment, Net | $24,903 | $53,449 | ▲ $28,546 |
| Savings and Temporary Cash Investments | - | $0 | - |
| Other Notes and Loans Receivable, Net | - | $0 | - |
| Pledges and Grants Receivable | - | $0 | - |
| Receivable From Disqualified Prsn | - | $0 | - |
| Receivables From Officers Etc | - | $0 | - |
| Investments Other Securities | - | $0 | - |
| Investments Program Related | - | $0 | - |
| Investments in Publicly Traded Securities | - | $0 | - |
| Intangible Assets | - | $0 | - |
| Inventories for Sale or Use | - | $0 | - |
| Prepaid Expenses and Deferred Charges | - | $0 | - |
| Total Assets | $3,719,978 | $5,709,300 | ▲ $1,989,322 |
| Other Assets Total | $591,417 | $1,506,756 | ▲ $915,339 |
| Liabilities | |||
| Other Liabilities | $1,902,180 | $4,438,988 | ▲ $2,536,808 |
| Accounts Payable and Accrued Expenses | $351,041 | $576,817 | ▲ $225,776 |
| Deferred Revenue | $49,460 | $166,081 | ▲ $116,621 |
| Total Liabilities | $2,302,681 | $5,181,886 | ▲ $2,879,205 |
| Net Assets / Fund Balance | |||
| Unrestricted Net Assets | $1,417,297 | $508,609 | ▼ $908,688 |
| Permanently Rstr Net Assets | - | $18,805 | - |
| Total Net Assets Fund Balance | $1,417,297 | $527,414 | ▼ $889,883 |
| Total Liabilities and Net Assets / Fund Balance | $3,719,978 | $5,709,300 | ▲ $1,989,322 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Equipment | $34,120 | $8,670 | $42,790 |
| Buildings | $19,329 | $7,938 | $27,267 |
| Other Assets Org | $1,506,756 | - | - |
| Name | Title | Full / Part Time | Base | Total |
|---|---|---|---|---|
| Graig Weiss | CEO | FT | $128,897 | $128,897 |
| Sheria Mc Rae | Mid Sch Princ | FT | $123,267 | $123,267 |
| Danielle Venable | Prim Sch Princ | FT | $99,865 | $99,865 |
| Shavonne Mc Millan | High Sch Princ | FT | $93,053 | $93,053 |
| Tara Pepe | Director Financ | FT | $74,719 | $74,719 |
| Christopher Lessard | Bus. Admin. | PT | $35,233 | $35,233 |
| Name | Title |
|---|---|
| Reid Mc Carthy | Pres-Trustees |
| Allan Kehrt | Trustee |
| Anne-mindy Fernandez-sheinbaum | Trustee |
| Jessica Gamble | Trustee |
| Lisa Angeloni | Trustee |
| Patrick Hall | Trustee |
| Todd Keny | Trustee |
| Grecia Montero | Sec'y/Treasurer |
| Monique Bonnier | Treasurer |
| Contractor | Services | Location | Compensation |
|---|---|---|---|
| Maschios Food Service | Food Service | 525 E MAIN STREET, Chester, NJ 07930 | $469,464 |
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $9,533,786 |
| Other Expenses | $5,970,709 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $5,089,871 | $1,961,806 | - | $7,051,677 |
| Other Employee Benefits | $1,289,462 | $637,613 | - | $1,927,075 |
| Occupancy | $986,513 | $487,811 | - | $1,474,324 |
| Office Expenses | $825,858 | $454,029 | - | $1,279,887 |
| Fees for Services Other | $941,942 | - | - | $941,942 |
| Current Officers, Directors, Trustees, and Key Employees | - | $555,034 | - | $555,034 |
| Fees for Services Management | - | $465,772 | - | $465,772 |
| Other Expenses | $48,068 | $23,769 | - | $71,837 |
| Fees for Services Accounting | - | $64,599 | - | $64,599 |
| Insurance | $42,643 | $21,086 | - | $63,729 |
| Fees for Services Legal | - | $35,476 | - | $35,476 |
| Depreciation Depletion | $6,036 | $2,984 | - | $9,020 |
| Travel | - | $3,605 | - | $3,605 |
| Total Functional Expenses | $10,274,581 | $5,229,914 | $0 | $15,504,495 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Line Item | Beginning | End | Change |
|---|---|---|---|
| Receivables from Disqualified Persons | - | $0 | - |
| Receivables from Officers, Directors, Trustees, and Key Employees | - | $0 | - |
| Liability | Amount |
|---|---|
| Net Pension Liability | $4,366,671 |
| Deferred Inflows of Resources-pensions | $51,187 |
| Other Current Liabilities | $21,130 |
“The charter school finance committee reviews the form 990 return prior to submission and filing with the irs.”
“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.”
“Salary and compensation of the ceo/lead person of the school is reviewed and evaluated by board of trustees of the foundation academy 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 all given due weight and consideration. The ultimate compensation evaluation and recommendation is thereafter approved by the board of trustees of the charter school.”
“Salary and compensation of officers, key employees and all teachers are reviewed and evaluated by the charter school lead person and business adminstrator on an annual basis. In conducting such review and evaluation, factors such as teacher performance, education, experience, longevity 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.”
“The minutes for the meetings of the board of trustees of the foundation academy charter school are available to the public on the school's website. Annual audit and financial reports of the charter school are available on the state of new jersey department of education website. Other charter school information is available on the school website, or will be provided upon request.”
“Foundation academy charter school follows state and federal regulations and standards governing record retention and destruction.”
“While foundation academy charter school does not currently have a written whistleblower policy, procedures and practices are in place for the filing of complaints against any co-worker or against the school itself, if any such school employee reasonably believes that a co-worker, or the school itself, is conducting an illegal or wrongful act. School practice and policy also prohibits retaliation against any employee who submits any such complaint.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990/AccountantCompileOrReviewInd | 0 | false |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 351041 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 576817 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 496130 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 546191 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | false |
| IRS990/ActivityOrMissionDesc | 0 | As a college-preparatory school, Foundation Academy Charter School's mission is to ensure that all of their students secure the academic knowledge and skills to prepare them for the nation's finest colleges, and to instill in them the core values of caring, respect, responsibility and honesty. Foundation Academy Charter School's 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 |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 0 |
| IRS990/AllAffiliatesIncludedInd | 0 | false |
| IRS990/AllOtherContributionsAmt | 0 | 180421 |
| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 0 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | false |
| IRS990/AuditCommitteeInd | 0 | true |
| IRS990/BackupWthldComplianceInd | 0 | true |
| IRS990/BenefitsToMembersGrp/TotalAmt | 0 | 0 |
| IRS990/BooksInCareOfDetail/PersonNm | 0 | ORGANIZATION |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 6099209200 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 363 WEST STATE STREET |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | TRENTON |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | NJ |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 08618 |
| IRS990/BusinessRlnWithFamMemInd | 0 | false |
| IRS990/BusinessRlnWithOfficerEntInd | 0 | false |
| IRS990/BusinessRlnWithOrgMemInd | 0 | false |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 2607528 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 3602904 |
| IRS990/ChangeToOrgDocumentsInd | 0 | false |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 1 |
| IRS990/CollectionsOfArtInd | 0 | false |
| IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt | 0 | 555034 |
| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 555034 |
| IRS990/CompDisqualPersonsGrp/TotalAmt | 0 | 0 |
| IRS990/CompensationFromOtherSrcsInd | 0 | false |
| IRS990/CompensationProcessCEOInd | 0 | true |
| IRS990/CompensationProcessOtherInd | 0 | true |
| IRS990/ConferencesMeetingsGrp/TotalAmt | 0 | 0 |
| IRS990/ConflictOfInterestPolicyInd | 0 | false |
| IRS990/ConservationEasementsInd | 0 | false |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | false |
| IRS990/ContractorCompensationGrp/CompensationAmt | 0 | 469464 |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt | 0 | 525 E MAIN STREET |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm | 0 | CHESTER |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd | 0 | NJ |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd | 0 | 07930 |
| IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt | 0 | MASCHIOS FOOD SERVICE |
| IRS990/ContractorCompensationGrp/ServicesDesc | 0 | FOOD SERVICE |
| IRS990/CostOfGoodsSoldAmt | 0 | 469464 |
| IRS990/CreditCounselingInd | 0 | false |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 14591295 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 0 |
| IRS990/CYOtherExpensesAmt | 0 | 5970709 |
| IRS990/CYOtherRevenueAmt | 0 | -416744 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 440061 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | -889883 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 9533786 |
| IRS990/CYTotalExpensesAmt | 0 | 15504495 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 14614612 |
| IRS990/DAFExcessBusinessHoldingsInd | 0 | false |
| IRS990/DecisionsSubjectToApprovaInd | 0 | false |
| IRS990/DeductibleArtContributionInd | 0 | false |
| IRS990/DeductibleNonCashContriInd | 0 | false |
| IRS990/DeferredRevenueGrp/BOYAmt | 0 | 49460 |
| IRS990/DeferredRevenueGrp/EOYAmt | 0 | 166081 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | false |
| IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt | 0 | 2984 |
| IRS990/DepreciationDepletionGrp/ProgramServicesAmt | 0 | 6036 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 9020 |
| IRS990/Desc | 0 | During the ninth year of operation, the 2015-2016 school year, Foundation Academy Charter School provided a full range of educational services appropriate for all students in Kindergarten and First Grade, as well as in Grades 3 through 12. 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 children's educational development. The Charter School completed the 2015-2016 school year with the following enrollment: 234 primary school students in Kindergarten, Grade 1 and Grade 3; 396 intermediate and middle school students in Grades 4 through 8; and 252 high school students were enrolled in grades 9 thru 12. The Average Daily Enrollment (ADE) for the entire charter school for the 2015-2016 school year was 884 students. |
| IRS990/DescribedInSection501c3Ind | 0 | true |
| IRS990/DisregardedEntityInd | 0 | false |
| IRS990/DistributionToDonorInd | 0 | false |
| IRS990/DocumentRetentionPolicyInd | 0 | false |
| IRS990/DonorAdvisedFundInd | 0 | false |
| IRS990/ElectionOfBoardMembersInd | 0 | false |
| IRS990/EmployeeCnt | 0 | 184 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | true |
| IRS990/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990/EscrowAccountInd | 0 | false |
| IRS990/ExpenseAmt | 0 | 10274581 |
| IRS990/FamilyOrBusinessRlnInd | 0 | false |
| IRS990/FederalGrantAuditRequiredInd | 0 | false |
| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 64599 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 64599 |
| IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt | 0 | 35476 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 35476 |
| IRS990/FeesForServicesLobbyingGrp/TotalAmt | 0 | 0 |
| IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt | 0 | 465772 |
| IRS990/FeesForServicesManagementGrp/TotalAmt | 0 | 465772 |
| IRS990/FeesForServicesOtherGrp/ProgramServicesAmt | 0 | 941942 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 941942 |
| IRS990/FeesForServicesProfFundraising/TotalAmt | 0 | 0 |
| IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt | 0 | 0 |
| IRS990/ForeignActivitiesInd | 0 | false |
| IRS990/ForeignFinancialAccountInd | 0 | false |
| IRS990/ForeignGrantsGrp/TotalAmt | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | false |
| IRS990/Form1098CFiledInd | 0 | false |
| IRS990/Form8282FiledCnt | 0 | 0 |
| IRS990/Form8282PropertyDisposedOfInd | 0 | false |
| IRS990/Form8899Filedind | 0 | false |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 0 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 1 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 2 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 3 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 4 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 5 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 6 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 7 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 8 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 9 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 10 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 11 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 12 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 13 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 14 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 7 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 8 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 9 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 10 | 20.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 11 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 12 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 13 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 14 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 6 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 7 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 6 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 12 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 13 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 14 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | LISA ANGELONI |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | GRECIA MONTERO |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | JESSICA GAMBLE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | ANNE-MINDY FERNANDEZ-SHEINBAUM |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | REID MC CARTHY |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | TODD KENY |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | PATRICK HALL |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | ALLAN KEHRT |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | GRAIG WEISS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 9 | TARA PEPE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 10 | CHRISTOPHER LESSARD |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 11 | MONIQUE BONNIER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 12 | SHERIA MC RAE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 13 | DANIELLE VENABLE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 14 | SHAVONNE MC MILLAN |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 8 | 128897 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 9 | 74719 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 10 | 35233 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 12 | 123267 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 13 | 99865 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 14 | 93053 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 12 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 13 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 14 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | Trustee |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | Sec'y/Treasurer |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | Trustee |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | Trustee |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | Pres-Trustees |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | Trustee |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | Trustee |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | Trustee |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | CEO |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | DIRECTOR FINANC |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 10 | BUS. ADMIN. |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 11 | Treasurer |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 12 | MID SCH PRINC |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 13 | PRIM SCH PRINC |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 14 | HIGH SCH PRINC |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | true |
| IRS990/Form990TFiledInd | 0 | false |
| IRS990/FormerOfcrEmployeesListedInd | 0 | false |
| IRS990/FSAuditedBasisGrp/ConsolAndSepBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | true |
| IRS990/FundraisingActivitiesInd | 0 | false |
| IRS990/GamingActivitiesInd | 0 | false |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 8 |
| IRS990/GovernmentGrantsAmt | 0 | 14410874 |
| IRS990/GrantsToDomesticIndividualsGrp/TotalAmt | 0 | 0 |
| IRS990/GrantsToDomesticOrgsGrp/TotalAmt | 0 | 0 |
| IRS990/GrantsToIndividualsInd | 0 | false |
| IRS990/GrantsToOrganizationsInd | 0 | false |
| IRS990/GrantToRelatedPersonInd | 0 | false |
| IRS990/GrossReceiptsAmt | 0 | 15084076 |
| IRS990/GrossSalesOfInventoryAmt | 0 | 52720 |
| IRS990/GroupReturnForAffiliatesInd | 0 | false |
| IRS990/IncludeFIN48FootnoteInd | 0 | false |
| IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/IndependentAuditFinclStmtInd | 0 | false |
| IRS990/IndependentVotingMemberCnt | 0 | 8 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 2 |
| IRS990/IndoorTanningServicesInd | 0 | false |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InformationTechnologyGrp/TotalAmt | 0 | 0 |
| IRS990/InsuranceGrp/ManagementAndGeneralAmt | 0 | 21086 |
| IRS990/InsuranceGrp/ProgramServicesAmt | 0 | 42643 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 63729 |
| IRS990/IntangibleAssetsGrp/EOYAmt | 0 | 0 |
| IRS990/InterestGrp/TotalAmt | 0 | 0 |
| IRS990/InventoriesForSaleOrUseGrp/EOYAmt | 0 | 0 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/InvestmentInJointVentureInd | 0 | false |
| IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt | 0 | 0 |
| IRS990/InvestmentsProgramRelatedGrp/EOYAmt | 0 | 0 |
| IRS990/InvestmentsPubTradedSecGrp/EOYAmt | 0 | 0 |
| IRS990/InvestTaxExemptBondsInd | 0 | false |
| IRS990/IRPDocumentCnt | 0 | 42 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 16608 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 24903 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 53449 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 70057 |
| IRS990/LegalDomicileStateCd | 0 | NJ |
| IRS990/LicensedMoreThanOneStateInd | 0 | false |
| IRS990/LoanOutstandingInd | 0 | false |
| IRS990/LobbyingActivitiesInd | 0 | false |
| IRS990/LocalChaptersInd | 0 | false |
| IRS990/MaterialDiversionOrMisuseInd | 0 | false |
| IRS990/MembersOrStockholdersInd | 0 | false |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | true |
| IRS990/MinutesOfGoverningBodyInd | 0 | true |
| IRS990/MissionDesc | 0 | As a college-preparatory school, Foundation Academy Charter School's mission is to ensure that all of their students secure the academic knowledge and skills to prepare them for the nation's finest colleges, and to instill in them the core values of caring, respect, responsibility and honesty. Foundation Academy Charter School's 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 |
| IRS990/MoreThan5000KToIndividualsInd | 0 | false |
| IRS990/MoreThan5000KToOrgInd | 0 | false |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 1417297 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 527414 |
| IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt | 0 | -416744 |
| IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt | 0 | -416744 |
| IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/NondeductibleContributionsInd | 0 | false |
| IRS990/OccupancyGrp/ManagementAndGeneralAmt | 0 | 487811 |
| IRS990/OccupancyGrp/ProgramServicesAmt | 0 | 986513 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 1474324 |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 454029 |
| IRS990/OfficeExpensesGrp/ProgramServicesAmt | 0 | 825858 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 1279887 |
| IRS990/OfficerMailingAddressInd | 0 | false |
| IRS990/OnBehalfOfIssuerInd | 0 | false |
| IRS990/OperateHospitalInd | 0 | false |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsSFAS117Ind | 0 | X |
| IRS990/OrgFiledInLieuOfForm1041Ind | 0 | false |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 591417 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 1506756 |
| IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt | 0 | 637613 |
| IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt | 0 | 1289462 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 1927075 |
| IRS990/OtherExpensesGrp/Desc | 0 | PENSION EXPENSE |
| IRS990/OtherExpensesGrp/Desc | 1 | CAPITAL OUTLAY |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 516330 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 1 | 23769 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 1044188 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 48068 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 1560518 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 71837 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 1902180 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 4438988 |
| IRS990/OtherRevenueTotalAmt | 0 | 0 |
| IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt | 0 | 1961806 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 5089871 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 7051677 |
| IRS990/OthNotesLoansReceivableNetGrp/EOYAmt | 0 | 0 |
| IRS990/PartialLiquidationInd | 0 | false |
| IRS990/PaymentsToAffiliatesGrp/TotalAmt | 0 | 0 |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | false |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 0 |
| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 0 |
| IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt | 0 | 18805 |
| IRS990/PledgesAndGrantsReceivableGrp/EOYAmt | 0 | 0 |
| IRS990/PoliticalCampaignActyInd | 0 | false |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 0 |
| IRS990/ProfessionalFundraisingInd | 0 | false |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | OTHER PROGRAM REVENUE-LINE 2 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 440061 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 440061 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990/PYContributionsGrantsAmt | 0 | 12415129 |
| IRS990/PYExcessBenefitTransInd | 0 | false |
| IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt | 0 | 0 |
| IRS990/PYOtherExpensesAmt | 0 | 3775424 |
| IRS990/PYOtherRevenueAmt | 0 | -377565 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 558192 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 1257717 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 7562615 |
| IRS990/PYTotalExpensesAmt | 0 | 11338039 |
| IRS990/PYTotalRevenueAmt | 0 | 12595756 |
| IRS990/QuidProQuoContributionsInd | 0 | false |
| IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt | 0 | 0 |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | false |
| IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | -889883 |
| IRS990/RegularMonitoringEnfrcInd | 0 | false |
| IRS990/RelatedEntityInd | 0 | false |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990/ReportInvestmentsOtherSecInd | 0 | false |
| IRS990/ReportLandBuildingEquipmentInd | 0 | true |
| IRS990/ReportOtherAssetsInd | 0 | true |
| IRS990/ReportOtherLiabilitiesInd | 0 | true |
| IRS990/ReportProgramRelatedInvstInd | 0 | false |
| IRS990/RoyaltiesGrp/TotalAmt | 0 | 0 |
| IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 0 |
| IRS990ScheduleA/SchoolInd | 0 | X |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990/ScheduleBRequiredInd | 0 | true |
| IRS990ScheduleD/BuildingsGrp/BookValueAmt | 0 | 19329 |
| IRS990ScheduleD/BuildingsGrp/DepreciationAmt | 0 | 7938 |
| IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 27267 |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 34120 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 8670 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 42790 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 0 | 1506756 |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 0 | Deferred Bond Issuance Costs, Net |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 1 | DEFERRED OUTFLOWS OF RESOURCES - PENSION |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 51187 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 1 | 4366671 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 2 | 21130 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | DEFERRED INFLOWS OF RESOURCES-PENSIONS |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 1 | NET PENSION LIABILITY |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 2 | Other Current Liabilities |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 53449 |
| IRS990ScheduleD/TotalBookValueOtherAssetsAmt | 0 | 1506756 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 4438988 |
| IRS990ScheduleE/ComplianceWithRevProc7550Ind | 0 | true |
| IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceAthltProgInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceEducPlcyInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceOtherActyInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceSchsInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd | 0 | false |
| IRS990ScheduleE/GovernmentFinancialAidRcvdInd | 0 | true |
| IRS990ScheduleE/GovernmentFinancialAidRvkdInd | 0 | false |
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Displayed year
2016 • Form 990Detailed filing. Detailed filing data is available for this year.