Civic Intelligence

The Chad School Foundation Inc.

990 • Fiscal year 2016 • EIN 22-3145421

Jul 01, 2015 to Jun 30, 2016 • Filed on May 15, 2017

Organization Profilewww.thechadschoolfoundation.org
40 Clinton Street Suite 200Newark, NJ 07102

(973) 622-1061

Siviq Scores

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

Liabilities / Assets

11th percentile

0.01x

Higher debt load relative to assets than 11% of similar nonprofits.

2016 filings • NTEE B • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

29th percentile

0.08x

Higher debt load relative to revenue than 29% of similar nonprofits.

2016 filings • NTEE B • $5M-$10M nonprofits • Source year 2016

Net Margin

5th percentile

-29%

Higher net margin than 5% of similar nonprofits.

2016 filings • NTEE B • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

52nd percentile

$132,808

Higher top officer pay than 52% of similar nonprofits.

Top officer pay equals 26.4% of source-year revenue.

2016 filings • NTEE B • $5M-$10M nonprofits • Source year 2016

Asset Growth

24th percentile

-2.8%

Faster asset growth than 24% of similar nonprofits.

2016 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

19th percentile

-7.1%

Faster revenue growth than 19% of similar nonprofits.

2016 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets11th percentile

Assets

Down

$6,590,424

Down $191,879 (-2.8%) from 2015

Net Assets

Down

$6,550,106

Down $164,454 (-2.4%) from 2015

Liabilities

Down

$40,318

Down $27,425 (-40%) from 2015

Revenue And Expenses
Liabilities / Revenue29th percentileNet Margin5th percentile

Revenue

Down

$503,772

Down $38,274 (-7.1%) from 2015

Expenses

Up

$651,821

Up $10,849 (+1.7%) from 2015

Net Income

Down

-$148,049

Down $49,123 (-50%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth24th percentile

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $7,027,341Liabilities 2010: $20,468Net Assets 2010: $7,006,8732010Assets 2011: $6,940,544Liabilities 2011: $28,045Net Assets 2011: $6,912,4992011Assets 2012: $6,961,953Liabilities 2012: $63,561Net Assets 2012: $6,898,3922012Assets 2013: $6,885,686Liabilities 2013: $39,453Net Assets 2013: $6,846,2332013Assets 2014: $6,916,604Liabilities 2014: $94,646Net Assets 2014: $6,821,9582014Assets 2015: $6,782,303Liabilities 2015: $67,743Net Assets 2015: $6,714,5602015Assets 2016: $6,590,424Liabilities 2016: $40,318Net Assets 2016: $6,550,1062016Assets 2017: $6,620,636Liabilities 2017: $147,326Net Assets 2017: $6,473,3102017Assets 2019: $5,330,470Liabilities 2019: $5,064,653Net Assets 2019: $265,8172019Assets 2020: $5,791,441Liabilities 2020: $1,605,003Net Assets 2020: $4,186,4382020Assets 2021: $6,841,360Liabilities 2021: $1,975,925Net Assets 2021: $4,865,4352021Assets 2023: $6,479,867Liabilities 2023: $135,451Net Assets 2023: $6,344,4162023Assets 2024: $6,099,419Liabilities 2024: $0Net Assets 2024: $6,099,4192024

Highlighted filing

2016

Assets$6,590,424
Liabilities$40,318
Net Assets$6,550,106
Open 2016 Filing

Operations Trend

Revenue Growth19th percentile

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

$1.5M$1.0M$500K$0-$500K-$1.0MExpenses 2010: $309,8272010Expenses 2011: $418,7642011Expenses 2012: $368,8662012Expenses 2013: $417,4832013Revenue 2014: $517,323Expenses 2014: $581,951Net Income 2014: -$64,6282014Revenue 2015: $542,046Expenses 2015: $640,972Net Income 2015: -$98,9262015Revenue 2016: $503,772Expenses 2016: $651,821Net Income 2016: -$148,0492016Revenue 2017: $507,932Expenses 2017: $667,091Net Income 2017: -$159,1592017Revenue 2019: $139,961Expenses 2019: $944,927Net Income 2019: -$804,9662019Revenue 2020: $37,817Expenses 2020: $916,031Net Income 2020: -$878,2142020Revenue 2021: $242,182Expenses 2021: $807,135Net Income 2021: -$564,9532021Revenue 2023: $753,168Expenses 2023: $1,036,402Net Income 2023: -$283,2342023Revenue 2024: $0Expenses 2024: $201,596Net Income 2024: -$201,5962024

Highlighted filing

2016

Revenue$503,772
Expenses$651,821
Net Income-$148,049
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
May 15, 2017
Return Version
2015v3.0
Gross Receipts
$503,772
Mission and Program Overview

Mission

To provide educational opportunities for students located in the Greater Newark area, by championing promising efforts to create high quality schools and expand college access.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,100,876$4,938,219▼ $162,657
Investments in Publicly Traded Securities$1,129,902$1,141,958▲ $12,056
Savings and Temporary Cash Investments$397,163$400,545▲ $3,382
Cash and Non-Interest-Bearing Accounts$134,479$94,176▼ $40,303
Prepaid Expenses and Deferred Charges$9,561$12,404▲ $2,843
Pledges and Grants Receivable$7,200$0▼ $7,200
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$6,782,303$6,590,424▼ $191,879
Other Assets Total$3,122$3,122→ $0
Liabilities
Accounts Payable and Accrued Expenses$57,715$30,288▼ $27,427
Other Liabilities$10,028$10,030▲ $2
Total Liabilities$67,743$40,318▼ $27,425
Net Assets / Fund Balance
Unrestricted Net Assets$6,714,560$6,550,106▼ $164,454
Total Net Assets Fund Balance$6,714,560$6,550,106▼ $164,454
Total Liabilities and Net Assets / Fund Balance$6,782,303$6,590,424▼ $191,879

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,031,202$943,622$4,974,824
Land$900,000-$900,000
Other Land Buildings$7,017$36,469$43,486
Compensation and Service Providers
Top Officer Pay52nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Reginald LewisExec. DirectorFT$125,739$7,069$132,808

Board Members and Trustees

NameTitle
Kia Calhoun-grundyChairwoman
William D PayneVice Chairman
Joyce Eldrigde-HowardTrustee
Mark S JohnsonTrustee
Michelle J DiazTrustee
Ms Patricia H CurvinTrustee
Robert CurvinTrustee
Shane HarrisTrustee
Shirley H SmithTrustee
William F WilliamsTrustee
Williams S Parrish JrTrustee
Kim Weeks JohnsonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$32,363
Program Service Revenue
$439,425
Investment Income
$30,996
Other Revenue
$988
All Other Contributions
$32,363
Change in Net Assets
$-148,049

Audited Revenue Reconciliation

Revenue per Audited Statements
$503,772
Revenue Not Reported on Form 990
$-16,405
Total Revenue per Audited Statements
$487,367
Total Revenue per Form 990
$503,772
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$374,271
Salaries, Compensation, and Employee Benefits$233,900
Grants and Similar Amounts Paid$43,650
Total Fundraising Expense$25,018
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$113,860$40,664$8,133$162,657
Current Officers, Directors, Trustees, and Key Employees$87,657$44,524$6,957$139,138
Other Salaries and Wages$46,032$23,381$3,654$73,067
Insurance$25,145$8,981$1,796$35,922
Occupancy$24,016$8,577$1,715$34,308
Fees for Services Accounting$1,834$28,726-$30,560
Grants to Domestic Orgs$27,400--$27,400
Payroll Taxes$12,458$6,327$989$19,774
Fees for Services Other$10,730$7,507$156$18,393
Grants to Domestic Individuals$16,250--$16,250
Conferences and Meetings$9,573$3,419$684$13,676
Office Expenses$7,864$2,808$562$11,234
Information Technology$536$8,403-$8,939
Travel$3,312$1,182$238$4,732
Advertising$3,500--$3,500
Other Employee Benefits$1,210$615$96$1,921
Other Expenses$536$191$38$765
Total Functional Expenses$399,239$227,564$25,018$651,821

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$651,821
Total Expenses per Audited Statements$651,821
Total Expenses per Form 990$651,821
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Eagle Academy of NewarkNewark, NJ-To support academic programs$7,000
WEB DuBois Scholars InstPrinceton, NJ-To support ten Newark students$6,000
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security Deposit Payable$10,030
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
Yes
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, Part VI, Line 11B: Form 990 Review Process

“The Accountant reviews the completed Form 990 tax return with Management and the Board Members. The review aims at ensuring accuracy, completeness and consistency of information reported on the Form 990 and the audited financial statements. The final Form 990 is then signed by the Chairman.”

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

“A review of a title and job description is made with comparable data including a review of the actual work to be performed. After management has sufficiently surveyed the position, a proposal is prepared and submitted to the Board of Directors for approval.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“The organization makes the governing documents, conflict of interest policy and financial statements available to the public by request. The documents are made available via electronic format, by fax or for pick up at the permanent address of the organization.”

Form 990, Part VIII, Line 2A - Statement of Revenue

“The CHAD School Foundation, Inc. leases space to Friends of Marion P. Thomas Charter School whose exempt purpose helps to further the exempt purpose of The CHAD School Foundation.”

Filing and Contact Details

Filer

Filer Name
The Chad School Foundation Inc
EIN
22-3145421
Phone
9736221061
Address
40 Clinton Street Suite 200, Newark, NJ 07102

Signing Officer

Name
Kia Calhoun-grundy
Title
Chairwoman
Signed
2017-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Eric Stevenson
Formed
1991
Legal Domicile
Nj
Voting Board Members
13
Independent Board Members
12
Employees
3

Preparer

Firm
Bca Watson Rice Llp
Address
5 PENN PLAZA 15TH FL, NEW YORK, NY 10001-1810
Preparer
Baruti Bediako CPA
Phone
2124477300
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

“The Foundation has evaluated the recognition requirements for uncertain income tax positions as required by accounting principles generally accepted in the United States of America, with no cumulative effect adjustment required. Income tax benefits are recognized for income tax positions taken or expected to be taken in a tax return, only when it is determined that the income tax position will more-likely-than-not be sustained upon examination by taxing authorities. Accordingly, the Foundation has not recorded any reserves, or related accruals for interest and penalties for uncertain income tax positions at June 30, 2016 and 2015.”

Raw XML AppendixShowing 400 of 554 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
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt057715
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt030288
IRS990/AccountsReceivableGrp/EOYAmt00
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0To provide educational opportunities for students located in the Greater Newark area, by championing promising efforts to create high quality schools and expand college access.
IRS990/AdvertisingGrp/ProgramServicesAmt03500
IRS990/AdvertisingGrp/TotalAmt03500
IRS990/AllAffiliatesIncludedInd0false
IRS990/AllOtherContributionsAmt032363
IRS990/AllOtherExpensesGrp/TotalAmt00
IRS990/AnnualDisclosureCoveredPrsnInd0false
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0Lawrence Munroe
IRS990/BooksInCareOfDetail/PhoneNum09736221061
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt040 Clinton Street
IRS990/BooksInCareOfDetail/USAddress/CityNm0Newark
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NJ
IRS990/BooksInCareOfDetail/USAddress/ZIPCd007102
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0134479
IRS990/CashNonInterestBearingGrp/EOYAmt094176
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt06957
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt044524
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt087657
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0139138
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/FundraisingAmt0684
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt03419
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt09573
IRS990/ConferencesMeetingsGrp/TotalAmt013676
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt032363
IRS990/CYGrantsAndSimilarPaidAmt043650
IRS990/CYInvestmentIncomeAmt030996
IRS990/CYOtherExpensesAmt0374271
IRS990/CYOtherRevenueAmt0988
IRS990/CYProgramServiceRevenueAmt0439425
IRS990/CYRevenuesLessExpensesAmt0-148049
IRS990/CYSalariesCompEmpBnftPaidAmt0233900
IRS990/CYTotalExpensesAmt0651821
IRS990/CYTotalFundraisingExpenseAmt025018
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0503772
IRS990/DAFExcessBusinessHoldingsInd0false
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/FundraisingAmt08133
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt040664
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0113860
IRS990/DepreciationDepletionGrp/TotalAmt0162657
IRS990/Desc0Chad Policy Round-table:Provided a forum for members of the education community including key decision makers, policy experts, school administrators and community leaders to review data and reports designed to improve public schools serving low-income and disadvantaged students. The most recent Round-table was entitled an examination of Newark Education Philanthropy: 2012-2015.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DistributionToDonorInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt03
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/EscrowAccountInd0false
IRS990/ExpenseAmt0355589
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt028726
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt01834
IRS990/FeesForServicesAccountingGrp/TotalAmt030560
IRS990/FeesForServicesLegalGrp/TotalAmt00
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/FundraisingAmt0156
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt07507
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt010730
IRS990/FeesForServicesOtherGrp/TotalAmt018393
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282FiledCnt00
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt60.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt70.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt80.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt90.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt100.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt110.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt120.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt101.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt111.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1240.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt127069
IRS990/Form990PartVIISectionAGrp/PersonNm0KIA CALHOUN-GRUNDY
IRS990/Form990PartVIISectionAGrp/PersonNm1WILLIAM D PAYNE
IRS990/Form990PartVIISectionAGrp/PersonNm2KIM WEEKS JOHNSON
IRS990/Form990PartVIISectionAGrp/PersonNm3Ms Patricia H Curvin
IRS990/Form990PartVIISectionAGrp/PersonNm4ROBERT CURVIN
IRS990/Form990PartVIISectionAGrp/PersonNm5Mark S Johnson
IRS990/Form990PartVIISectionAGrp/PersonNm6WILLIAM F WILLIAMS
IRS990/Form990PartVIISectionAGrp/PersonNm7Shane Harris
IRS990/Form990PartVIISectionAGrp/PersonNm8Michelle J Diaz
IRS990/Form990PartVIISectionAGrp/PersonNm9Shirley H Smith
IRS990/Form990PartVIISectionAGrp/PersonNm10Joyce Eldrigde-Howard
IRS990/Form990PartVIISectionAGrp/PersonNm11Williams S Parrish Jr
IRS990/Form990PartVIISectionAGrp/PersonNm12Reginald Lewis
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt12125739
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRWOMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt3Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt4Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt5Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt6Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt7Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt8Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt9Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt10Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt11Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt12Exec. Director
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/Form990TFiledInd0false
IRS990/FormationYr01991
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt013
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt016250
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt016250
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt027400
IRS990/GrantsToDomesticOrgsGrp/TotalAmt027400
IRS990/GrantsToIndividualsInd0true
IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0503772
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt012
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt08403
IRS990/InformationTechnologyGrp/ProgramServicesAmt0536
IRS990/InformationTechnologyGrp/TotalAmt08939
IRS990/InsuranceGrp/FundraisingAmt01796
IRS990/InsuranceGrp/ManagementAndGeneralAmt08981
IRS990/InsuranceGrp/ProgramServicesAmt025145
IRS990/InsuranceGrp/TotalAmt035922
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt030996
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt030996
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt01129902
IRS990/InvestmentsPubTradedSecGrp/EOYAmt01141958
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt04
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0980091
IRS990/LandBldgEquipBasisNetGrp/BOYAmt05100876
IRS990/LandBldgEquipBasisNetGrp/EOYAmt04938219
IRS990/LandBldgEquipCostOrOtherBssAmt05918310
IRS990/LegalDomicileStateCd0NJ
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0To provide educational opportunities for students located in the Greater Newark area, by championing promising efforts to create high quality schools and expand college access.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt06714560
IRS990/NetAssetsOrFundBalancesEOYAmt06550106
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-16405
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt01715
IRS990/OccupancyGrp/ManagementAndGeneralAmt08577
IRS990/OccupancyGrp/ProgramServicesAmt024016
IRS990/OccupancyGrp/TotalAmt034308
IRS990/OfficeExpensesGrp/FundraisingAmt0562
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt02808
IRS990/OfficeExpensesGrp/ProgramServicesAmt07864
IRS990/OfficeExpensesGrp/TotalAmt011234
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/BOYAmt03122
IRS990/OtherAssetsTotalGrp/EOYAmt03122
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt096
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0615
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt01210
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01921
IRS990/OtherExpensesGrp/Desc0Repairs and maintenance
IRS990/OtherExpensesGrp/Desc1Scholarship award expenses
IRS990/OtherExpensesGrp/Desc2PROGRAM EXPENSES
IRS990/OtherExpensesGrp/Desc3Bad debt exepnse
IRS990/OtherExpensesGrp/FundraisingAmt038
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt042259
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1191
IRS990/OtherExpensesGrp/ProgramServicesAmt05630
IRS990/OtherExpensesGrp/ProgramServicesAmt11696
IRS990/OtherExpensesGrp/ProgramServicesAmt2536
IRS990/OtherExpensesGrp/TotalAmt042259
IRS990/OtherExpensesGrp/TotalAmt15630
IRS990/OtherExpensesGrp/TotalAmt21696
IRS990/OtherExpensesGrp/TotalAmt3765
IRS990/OtherLiabilitiesGrp/BOYAmt010028
IRS990/OtherLiabilitiesGrp/EOYAmt010030
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0Other Income
IRS990/OtherRevenueMiscGrp/ExclusionAmt0988
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0988
IRS990/OtherRevenueTotalAmt0988
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt03654
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt023381
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt046032
IRS990/OtherSalariesAndWagesGrp/TotalAmt073067
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt0989
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt06327
IRS990/PayrollTaxesGrp/ProgramServicesAmt012458
IRS990/PayrollTaxesGrp/TotalAmt019774
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt07200
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt09561
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt012404
IRS990/PrincipalOfficerNm0Eric Stevenson
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531120
IRS990/ProgramServiceRevenueGrp/Desc0Rental Income
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0439425
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0439425
IRS990/ProgSrvcAccomActy2Grp/Desc0The Chad Scholars Program (CSP) provides scholarships annually to college-bound high school seniors in the Greater Newark Area. CSP consists of financial assistance, mentoring, and summer internships aligned with students career aspirations. Eligible students receive four-year, $10,000 awards. Three local students were selected for the 2016 Chad Scholar cohort.Provided assistance in the form of a grant to the W.E.B. Scholars Institute and Eagle Academy of Newark. Funds supported a range of activities, including a summer literacy campaign, after-school programs, and academic enrichment initiatives.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt043650
IRS990/ProgSrvcAccomActy2Grp/GrantAmt043650
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt026975
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt045750
IRS990/PYInvestmentIncomeAmt042476
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0368474
IRS990/PYOtherRevenueAmt095
IRS990/PYProgramServiceRevenueAmt0472500
IRS990/PYRevenuesLessExpensesAmt0-98926
IRS990/PYSalariesCompEmpBnftPaidAmt0226748
IRS990/PYTotalExpensesAmt0640972
IRS990/PYTotalRevenueAmt0542046
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-148049
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0397163
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0400545
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt032363
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt026975
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt024546
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt020782
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt06793
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0111459
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt030996
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt042476
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt020277
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt07098
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt011110
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0111957
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt02334038
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0988
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt095
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt037663
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt027450
IRS990ScheduleA/OtherIncome170Grp/TotalAmt066196
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.38490
IRS990ScheduleA/PublicSupportPY170Pct00.35260
IRS990ScheduleA/PublicSupportTotal170Amt0111459

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,590,424
Liabilities
$40,318
Net assets
$6,550,106
Revenue
$503,772
Expenses
$651,821
Net income
-$148,049
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$6.10$0.00$6.10$0.00$0.20$0.20
2023Detailed filing. Detailed filing data is available for this year.$6.48$0.14$6.34$0.75$1.04$0.28
2021Detailed filing. Detailed filing data is available for this year.$6.84$1.98$4.87$0.24$0.81$0.56
2020Summary only. Only limited summary data is available for this year.$5.79$1.61$4.19$0.04$0.92$0.88
2019Summary only. Only limited summary data is available for this year.$5.33$5.06$0.27$0.14$0.94$0.80
2017Detailed filing. Detailed filing data is available for this year.$6.62$0.15$6.47$0.51$0.67$0.16
2016Detailed filing. Detailed filing data is available for this year.$6.59$0.04$6.55$0.50$0.65$0.15
2015Detailed filing. Detailed filing data is available for this year.$6.78$0.07$6.71$0.54$0.64$0.10
2014Detailed filing. Detailed filing data is available for this year.$6.92$0.09$6.82$0.52$0.58$0.06
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.89$0.04$6.85$0.42
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.96$0.06$6.90$0.37
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.94$0.03$6.91$0.42
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.03$0.02$7.01$0.31