Civic Intelligence

The Chad School Foundation Inc.

990 • Fiscal year 2021 • EIN 22-3145421

Jul 01, 2020 to Jun 30, 2021 • Filed on May 31, 2022

Organization Profilewww.chadschoolfoundation.org
1430 24 Commerce StreetNewark, NJ 07102

(973) 622-1061

Siviq Scores

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

Liabilities / Assets

50th percentile

0.29x

Higher debt load relative to assets than 50% of similar nonprofits.

2021 filings • NTEE B • $5M-$10M nonprofits • Source year 2021

Liabilities / Revenue

96th percentile

8.16x

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

2021 filings • NTEE B • $5M-$10M nonprofits • Source year 2021

Net Margin

2nd percentile

-233%

Higher net margin than 2% of similar nonprofits.

2021 filings • NTEE B • $5M-$10M nonprofits • Source year 2021

Top Officer Pay

68th percentile

$178,652

Higher top officer pay than 68% of similar nonprofits.

Top officer pay equals 73.8% of source-year revenue.

2021 filings • NTEE B • $5M-$10M nonprofits • Source year 2021

Asset Growth

64th percentile

18%

Faster asset growth than 64% of similar nonprofits.

2021 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2020 to 2021

Revenue Growth

98th percentile

540%

Faster revenue growth than 98% of similar nonprofits.

2021 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets50th percentile

Assets

Up

$6,841,360

Up $1,049,919 (+18%) from 2020

Net Assets

Up

$4,865,435

Up $678,997 (+16%) from 2020

Liabilities

Up

$1,975,925

Up $370,922 (+23%) from 2020

Revenue And Expenses
Liabilities / Revenue96th percentileNet Margin2nd percentile

Revenue

Up

$242,182

Up $204,365 (+540%) from 2020

Expenses

Down

$807,135

Down $108,896 (-12%) from 2020

Net Income

Up

-$564,953

Up $313,261 (+36%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth64th 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

2021

Assets$6,841,360
Liabilities$1,975,925
Net Assets$4,865,435
Open 2021 Filing

Operations Trend

Revenue Growth98th 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

2021

Revenue$242,182
Expenses$807,135
Net Income-$564,953
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 31, 2022
Return Version
2020v4.2
Gross Receipts
$242,182
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.

To provide educational opportunities for students located in the greater newark areacomma by championing promising efforts to create high quality schools and expand college access.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,567,427$6,611,386▲ $1,043,959
Cash and Non-Interest-Bearing Accounts$193,049$229,974▲ $36,925
Savings and Temporary Cash Investments$18--
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$5,791,441$6,841,360▲ $1,049,919
Other Assets Total$30,947--
Liabilities
Other Liabilities$1,228,246$1,463,404▲ $235,158
Accounts Payable and Accrued Expenses$376,757$308,815▼ $67,942
Deferred Revenue-$203,706-
Total Liabilities$1,605,003$1,975,925▲ $370,922
Net Assets / Fund Balance
Net Assets With Donor Restrictions$0$3,402,031▲ $3,402,031
Net Assets Without Donor Restrictions$4,186,438$1,463,404▼ $2,723,034
Total Net Assets Fund Balance$4,186,438$4,865,435▲ $678,997
Total Liabilities and Net Assets / Fund Balance$5,791,441$6,841,360▲ $1,049,919

Asset Categories

AssetBook ValueDepreciationBasis
Buildings-$1,854,618$4,974,824
Land--$900,000
Leasehold Improvements-$72,985$550,044
Compensation and Service Providers
Top Officer Pay68th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Eric StevensonTrustee, Executive DirectorFT$178,652$178,652
-Trustee, Executive Director-$178,652$178,652

Board Members and Trustees

NameTitle
Kim Weeks JohnsChairwoman
William William IiiDirector
Jason GroveTrustee
Shirley SmithTrustee
Steffie BartleyTrustee
William ParrishTrustee
Mark S JohnsonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$41,850
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$200,332
All Other Contributions
$41,850
Change in Net Assets
$-564,953
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$591,361
Salaries, Compensation, and Employee Benefits$215,774
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$267,960--$267,960
Current Officers, Directors, Trustees, and Key Employees$215,774--$215,774
Interest$100,995--$100,995
Fees for Services Legal$58,861--$58,861
Other Expenses$54,275$11,755-$54,275
Insurance-$46,220-$46,220
Office Expenses-$38,013-$38,013
Advertising$5,510--$5,510
Total Functional Expenses$703,375$103,760$0$807,135
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
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
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
Filing and Contact Details

Filer

Filer Name
The Chad School Foundation Inc
EIN
22-3145421
Phone
9736221061
Address
1430 24 COMMERCE STREET, NEWARK, NJ 07102

Signing Officer

Name
Eric Stevenson
Title
President
Phone
9736221061
Signed
2022-05-31

Organization Details

Principal Officer
Eric Stevenson
Formed
1991
Legal Domicile
Nj
Voting Board Members
8
Independent Board Members
7
Employees
3

Preparer

Firm
Coombs CPA Pc
Address
902 BERGEN STREET, NEWARK, NJ 07112
Preparer
Andrew Coombs
Phone
7812019081
Supplemental Narrative

Additional Explanations

Other

“Policies and financial statements will be available to the public by request.”

Raw XML Appendix386 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.

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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt041850
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt013357
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt010057
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt029307
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt026447
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0121018
IRS990ScheduleA/TotalSupportAmt0607932
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01854618
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04974824
IRS990ScheduleD/DisclosedForCharitablePrpsInd00
IRS990ScheduleD/DisclosedOrgLegCtrlInd00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0900000
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt072985
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0550044
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0178652
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BusinessName/BusinessNameLine1Txt0ERIC STEVENSON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Trustee, Executive Director
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0178652
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0POLICIES AND FINANCIAL STATEMENTS WILL BE AVAILABLE TO THE PUBLIC BY REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0OTHER
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NJ
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxableDistributionsInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt05791441
IRS990/TotalAssetsEOYAmt06841360
IRS990/TotalAssetsGrp/BOYAmt05791441
IRS990/TotalAssetsGrp/EOYAmt06841360
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt041850
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0103760
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0703375
IRS990/TotalFunctionalExpensesGrp/TotalAmt0807135
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01605003
IRS990/TotalLiabilitiesEOYAmt01975925
IRS990/TotalLiabilitiesGrp/BOYAmt01605003
IRS990/TotalLiabilitiesGrp/EOYAmt01975925
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04186438
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04865435
IRS990/TotalProgramServiceExpensesAmt054275
IRS990/TotalReportableCompFromOrgAmt0178652
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0242182
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt05791441
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt06841360
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt024 Commerce Street Suite 1430
IRS990/USAddress/CityNm0NEWARK
IRS990/USAddress/StateAbbreviationCd0NJ
IRS990/USAddress/ZIPCd007102
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0www.chadschoolfoundation.org
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0ERIC STEVENSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09736221061
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-05-31
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE CHAD SCHOOL FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0CHAD
ReturnHeader/Filer/EIN0223145421
ReturnHeader/Filer/PhoneNum09736221061
ReturnHeader/Filer/USAddress/AddressLine1Txt01430 24 COMMERCE STREET
ReturnHeader/Filer/USAddress/CityNm0NEWARK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NJ
ReturnHeader/Filer/USAddress/ZIPCd007102
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0823312523
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0COOMBS CPA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0902 BERGEN STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEWARK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd007112
ReturnHeader/PreparerPersonGrp/PhoneNum07812019081
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ANDREW COOMBS
ReturnHeader/ReturnTs02022-08-10T16:20:48-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0ERIC
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0STEVENSON
ReturnHeader/TaxPeriodBeginDt02020-07-01
ReturnHeader/TaxPeriodEndDt02021-06-30
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,841,360
Liabilities
$1,975,925
Net assets
$4,865,435
Revenue
$242,182
Expenses
$807,135
Net income
-$564,953
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