Civic Intelligence

Icahn Charter School 2

990 • Fiscal year 2010 • EIN 20-5816198

Jul 01, 2009 to Jun 30, 2010 • Filed on Apr 20, 2011

767 Fifth Avenue Suite 470010153
Siviq Scores

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

Liabilities / Assets

77th percentile

0.46x

Higher debt load relative to assets than 77% of similar nonprofits.

2010 filings • NTEE B • $1M-$5M nonprofits • Source year 2010

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2010

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2010

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2010

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2010

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

$1,070,246

No earlier filing loaded for comparison.

Net Assets

$576,005

No earlier filing loaded for comparison.

Liabilities

$494,241

No earlier filing loaded for comparison.

Revenue

-

No earlier filing loaded for comparison.

Expenses

$2,422,544

No earlier filing loaded for comparison.

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0Assets 2010: $1,070,246Liabilities 2010: $494,241Net Assets 2010: $576,0052010Assets 2011: $1,554,197Liabilities 2011: $698,356Net Assets 2011: $855,8412011Assets 2012: $9,861,965Liabilities 2012: $742,071Net Assets 2012: $9,119,8942012Assets 2013: $9,188,987Liabilities 2013: $793,258Net Assets 2013: $8,395,7292013Assets 2014: $8,596,344Liabilities 2014: $910,707Net Assets 2014: $7,685,6372014Assets 2015: $7,924,188Liabilities 2015: $902,219Net Assets 2015: $7,021,9692015Assets 2016: $7,477,419Liabilities 2016: $1,028,673Net Assets 2016: $6,448,7462016Assets 2017: $6,742,218Liabilities 2017: $912,314Net Assets 2017: $5,829,9042017Assets 2018: $6,393,830Liabilities 2018: $1,083,323Net Assets 2018: $5,310,5072018Assets 2019: $5,812,485Liabilities 2019: $1,174,483Net Assets 2019: $4,638,0022019Assets 2020: $5,418,684Liabilities 2020: $970,558Net Assets 2020: $4,448,1262020Assets 2021: $5,595,494Liabilities 2021: $1,277,583Net Assets 2021: $4,317,9112021Assets 2022: $4,798,537Liabilities 2022: $1,595,605Net Assets 2022: $3,202,9322022Assets 2023: $3,570,503Liabilities 2023: $1,295,077Net Assets 2023: $2,275,4262023Assets 2024: $3,016,085Liabilities 2024: $1,344,097Net Assets 2024: $1,671,9882024Assets 2025: $2,633,331Liabilities 2025: $1,392,028Net Assets 2025: $1,241,3032025

Highlighted filing

2010

Assets$1,070,246
Liabilities$494,241
Net Assets$576,005

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $2,422,5442010Expenses 2011: $3,447,2142011Expenses 2012: $4,520,9132012Expenses 2013: $5,086,4792013Revenue 2014: $4,776,668Expenses 2014: $5,486,760Net Income 2014: -$710,0922014Revenue 2015: $4,875,871Expenses 2015: $5,539,539Net Income 2015: -$663,6682015Revenue 2016: $4,812,455Expenses 2016: $4,732,475Net Income 2016: $79,9802016Revenue 2017: $4,941,011Expenses 2017: $4,918,527Net Income 2017: $22,4842017Revenue 2018: $5,085,388Expenses 2018: $4,999,091Net Income 2018: $86,2972018Revenue 2019: $5,310,089Expenses 2019: $5,376,900Net Income 2019: -$66,8112019Revenue 2020: $5,512,090Expenses 2020: $5,096,271Net Income 2020: $415,8192020Revenue 2021: $5,527,174Expenses 2021: $5,051,694Net Income 2021: $475,4802021Revenue 2022: $5,916,462Expenses 2022: $6,425,746Net Income 2022: -$509,2842022Revenue 2023: $6,501,561Expenses 2023: $6,823,372Net Income 2023: -$321,8112023Revenue 2024: $6,849,260Expenses 2024: $6,847,003Net Income 2024: $2,2572024Revenue 2025: $6,887,544Expenses 2025: $6,712,534Net Income 2025: $175,0102025

Highlighted filing

2010

Revenue-
Expenses$2,422,544
Net Income-
Jump To
Filing Snapshot
Filing Period
Jul 1, 2009 to Jun 30, 2010
Signed
Apr 20, 2011
Return Version
2009v1.7
Gross Receipts
$2,593,730
Mission and Program Overview

Mission

See schedule othe mission of icahn charter schools is to cultivate a climate of collaborative excellence among students, staff, families, and the community. Our four pillars of transformative education guide icahn educators as they adopt a holistic approach to teaching and learning that addresses the academic, social, and emotional needs of our students. The student-centered learning experience is defined through individualized learning environments that empower icahn students to take ownership of their education. Our core knowledge curriculum and instructional practices promote learning through innovation and creativity to meet the needs of our diverse learners. Through strategic partnerships among all stakeholders, icahn student graduate equipped with the skills, knowledge, and personal confidence to participate successfully in the most rigorous academic environments and demonstrate a sense of personal responsibility as global citizens.

Filing and Contact Details

Filer

EIN
20-5816198
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IRS990/MissionDescription0THE ICAHN CHARTER SCHOOL 2 USES A RIGOROUS ACADEMIC PROGRAM FOR GRADES K THROUGH 5 IN ORDER TO PREPARE THE STUDENTS WITH THE SKILLS AND KNOWLEDGE TO PARTICIPATE SUCCESSFULLY IN THE MOST RIGOROUS ACADEMIC ENVIRONMENTS, AND HAVE A SENSE OF PERSONAL AND COMMUNITY RESPONSIBILITY.
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IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation0ON JULY 1, 2009 THE CHARTER SCHOOL ADOPTED ACCOUNTING STANDARDS CODIFICATION ("ASC") 740 "INCOME TAXES." ASC 740 REQUIRES THAT A TAX POSITION BE RECOGNIZED OR DERECOGNIZED BASED ON A "MORE LIKELY THAN NOT" THRESHOLD. THIS APPLIES TO POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE ADOPTION OF THIS GUIDANCE DID NOT HAVE AN IMPACT ON THE CHARTER SCHOOL'S FINANCIAL STATEMENTS, AS MANAGEMENT BELIEVES THERE ARE NO UNCERTAIN TAX POSITIONS WITHIN ITS FINANCIAL STATEMENTS.
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IRS990ScheduleJ/Form990ScheduleJPartII/TotalCompensationFilingOrg0176629
IRS990ScheduleJ/Form990ScheduleJPartII/TotalCompensationRelatedOrgs00
IRS990ScheduleJ/InitialContractException0false
IRS990/ScheduleJRequired0true
IRS990ScheduleJ/SeverancePayment0false
IRS990ScheduleJ/SupplementalNonqualRetirePlan0false
IRS990ScheduleO/GeneralExplanation/Explanation0TWO DIRECTORS, CARL C. ICAHN AND GAIL GOLDEN-ICAHN, ARE HUSBAND AND WIFE. THREE OFFICERS, TINA MARCH, KEITH COZZA, AND GAIL GOLDEN-ICAHN, ARE EMPLOYED BY ENTITIES BENEFICIALLY OWNED BY CARL C. ICAHN.
IRS990ScheduleO/GeneralExplanation/Explanation1THE FINANCIAL STATEMENTS AND FORM 990 ARE REVIEWED BY INDEPENDENT AUDIT FIRMS PRIOR TO THEIR COMPLETION AND FILING. FORM 990 IS MADE AVAILABLE TO THE TRUSTEES UPON COMPLETION OF THE INDEPENDENT AUDIT AND PRIOR TO THE FILING OF THE TAX RETURN.
IRS990ScheduleO/GeneralExplanation/Explanation2THE SCHOOL DOES NOT MAKE ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC. THE SCHOOL'S FINANCIAL STATEMENTS APPEAR ON WWW.GUIDESTAR.ORG AS PART OF THE FORM 990 FILINGS.
IRS990ScheduleO/GeneralExplanation/Explanation3IF THE BOARD OR A COMMITTE HAS REASONABLE CAUSE TO BELIEVE THAT AN INTERESTED PERSON HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT WILL INFORM THE INTERESTED PERSON OF THE BASIS FOR SUCH BELIEF AND AFFORD HIM OR HER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF, AFTER HEARING THE RESPONSE AND MAKING SUCH FURTHER INVESTIGATION AS MAY BE WARRANTED IN THE CIRCUMSTANCES, THE BOARD DETERMINES THAT THE INTERESTED PERSON HAS IN FACT FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT WILL TAKE APPROPRIATE ACTION WHICH MAY INCLUDE RECOMMENDATION TO THE BOARD FOR REMOVAL FROM THE BOARD OR TERMINATION OF EMPLOYMENT, AS WELL AS RECONSIDERATION OF WHETHER THE TRANSACTION OR ARRANGEMENT WAS IN THE BEST INTERESTS OF AND FAIR AND REASONABLE TO THE SCHOOL AT THE TIME IT WAS UNDERTAKEN. IF IT IS DETERMINED THAT THE TRANSACTION WAS NOT FAIR AND REASONABLE TO THE SCHOOL, THE SCHOOL IN ITS DISCRETION, MAY AVOID THE CONTRACT AND/OR REQUIRE THE INTERESTED PERSON TO RESTORE THE SCHOOL TO THE FINANCIAL POSITION IT WOULD HAVE BEEN IN IF SUCH PERSON HAD BEEN DEALING UNDER THE HIGHEST FIDUCIARY STANDING.
IRS990ScheduleO/GeneralExplanation/Explanation4RICHARD SANTIAGO, DIRECTOR OF OPERATIONS FOR ICAHN CHARTER SCHOOL 1, PERFORMS FINANCIAL AND BUDGET DUTIES FOR ICAHN CHARTER SCHOOL 3.
IRS990ScheduleO/GeneralExplanation/Explanation5THE COMPENSATION PAID TO KEY EMPLOYEES IS REASONABLE BASED ON THE DUTIES AND RESPONSIBILITIES OF THE POSITIONS, THE TIME SPENT PERFORMING THEIR DUTIES, AND THEIR PERFORMANCE LEVEL. THIS IS DETERMINED BY CONDUCTING RESEARCH OF COMPENSATION FOR SIMILAR POSITIONS AT SIMILAR TYPES OF SCHOOLS. NO COMPENSATION IS PAID TO THE OFFICERS OF THE SCHOOL. THE COMPENSATION FOR KEY EMPLOYEES IS REVIEWED AND APPROVED BY THE BOARD ANNUALLY AND IS INCLUDED IN THE MINUTES.
IRS990ScheduleO/GeneralExplanation/Explanation6THE SCHOOL PTA ELECTS ONE OF THE BOARD OF TRUSTEE MEMBERS.
IRS990ScheduleO/GeneralExplanation/Identifier0RELATED OFFICERS
IRS990ScheduleO/GeneralExplanation/Identifier1990 REVIEW
IRS990ScheduleO/GeneralExplanation/Identifier2PUBLIC INFORMATION DISCLOSURE
IRS990ScheduleO/GeneralExplanation/Identifier3CONFLICT OF INTEREST POLICY
IRS990ScheduleO/GeneralExplanation/Identifier4MANAGEMENT COMPANY
IRS990ScheduleO/GeneralExplanation/Identifier5KEY EMPLOYEE PAY
IRS990ScheduleO/GeneralExplanation/Identifier6GOVERNING BODY ELECTIONS
IRS990ScheduleO/GeneralExplanation/ReturnReference0PART VI, SECTION A, QUESTION 2
IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990, PART VI, LINE 10
IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990, PART VI, LINE 19
IRS990ScheduleO/GeneralExplanation/ReturnReference3PART VI, SECTION B, LINE 12C
IRS990ScheduleO/GeneralExplanation/ReturnReference4FORM 990,PART VI, SECTION A, LINE 3
IRS990ScheduleO/GeneralExplanation/ReturnReference5FORM 990, PART VI, LINE 15A AND 15B
IRS990ScheduleO/GeneralExplanation/ReturnReference6FORM 990, PART VI, SECTION A, LINE 7A
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IRS990ScheduleR/ExchangeOfAssets0false
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/AddressLine10767 FIFTH AVENUE SUITE 4700
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IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/AddressLine13767 FIFTH AVENUE SUITE 4700
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/City0NEW YORK
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/City1NEW YORK
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/City2NEW YORK
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/City3NEW YORK

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.63$1.39$1.24$6.89$6.71$0.18
2024Detailed filing. Detailed filing data is available for this year.$3.02$1.34$1.67$6.85$6.85$0.00
2023Detailed filing. Detailed filing data is available for this year.$3.57$1.30$2.28$6.50$6.82$0.32
2022Detailed filing. Detailed filing data is available for this year.$4.80$1.60$3.20$5.92$6.43$0.51
2021Detailed filing. Detailed filing data is available for this year.$5.60$1.28$4.32$5.53$5.05$0.48
2020Detailed filing. Detailed filing data is available for this year.$5.42$0.97$4.45$5.51$5.10$0.42
2019Detailed filing. Detailed filing data is available for this year.$5.81$1.17$4.64$5.31$5.38$0.07
2018Detailed filing. Detailed filing data is available for this year.$6.39$1.08$5.31$5.09$5.00$0.09
2017Detailed filing. Detailed filing data is available for this year.$6.74$0.91$5.83$4.94$4.92$0.02
2016Detailed filing. Detailed filing data is available for this year.$7.48$1.03$6.45$4.81$4.73$0.08
2015Detailed filing. Detailed filing data is available for this year.$7.92$0.90$7.02$4.88$5.54$0.66
2014Detailed filing. Detailed filing data is available for this year.$8.60$0.91$7.69$4.78$5.49$0.71
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.19$0.79$8.40$5.09
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.86$0.74$9.12$4.52
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.55$0.70$0.86$3.45
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.07$0.49$0.58$2.42