Civic Intelligence

Classical Academy Charter School of Clifton Inc.

990 • Fiscal year 2021 • EIN 22-3568322

Jul 01, 2020 to Jun 30, 2021 • Filed on May 16, 2022

1255 Main AvenueClifton, NJ 07013

(973) 278-7707

Siviq Scores

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

Liabilities / Assets

57th percentile

0.14x

Higher debt load relative to assets than 57% of similar nonprofits.

2021 filings • NTEE B • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

47th percentile

0.08x

Higher debt load relative to revenue than 47% of similar nonprofits.

2021 filings • NTEE B • $1M-$5M nonprofits • Source year 2021

Net Margin

74th percentile

30%

Higher net margin than 74% of similar nonprofits.

2021 filings • NTEE B • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

45th percentile

$46,341

Higher top officer pay than 45% of similar nonprofits.

Top officer pay equals 1.4% of source-year revenue.

2021 filings • NTEE B • $1M-$5M nonprofits • Source year 2021

Asset Growth

92nd percentile

122%

Faster asset growth than 92% of similar nonprofits.

2021 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

76th percentile

49%

Faster revenue growth than 76% of similar nonprofits.

2021 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$2,006,460

Up $1,102,803 (+122%) from 2020

Net Assets

Up

$1,735,188

Up $1,011,439 (+140%) from 2020

Liabilities

Up

$271,272

Up $91,364 (+51%) from 2020

Revenue

Up

$3,369,000

Up $1,113,690 (+49%) from 2020

Expenses

Down

$2,371,332

Down $255,561 (-9.7%) from 2020

Net Income

Up

$997,668

Up $1,369,251 (+368%) from 2020

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $857,575Liabilities 2010: $23,072Net Assets 2010: $834,5032010Assets 2011: $1,240,021Liabilities 2011: $96,550Net Assets 2011: $1,143,4712011Assets 2012: $1,504,645Liabilities 2012: $78,943Net Assets 2012: $1,425,7022012Assets 2013: $1,737,022Liabilities 2013: $59,413Net Assets 2013: $1,677,6092013Assets 2014: $2,222,821Liabilities 2014: $43,064Net Assets 2014: $2,179,7572014Assets 2015: $2,441,282Liabilities 2015: $160,468Net Assets 2015: $2,280,8142015Assets 2016: $2,465,563Liabilities 2016: $180,956Net Assets 2016: $2,284,6072016Assets 2017: $2,440,664Liabilities 2017: $217,125Net Assets 2017: $2,223,5392017Assets 2018: $2,068,623Liabilities 2018: $284,463Net Assets 2018: $1,784,1602018Assets 2019: $1,299,326Liabilities 2019: $203,994Net Assets 2019: $1,095,3322019Assets 2020: $903,657Liabilities 2020: $179,908Net Assets 2020: $723,7492020Assets 2021: $2,006,460Liabilities 2021: $271,272Net Assets 2021: $1,735,1882021Assets 2022: $3,071,057Liabilities 2022: $1,718,843Net Assets 2022: $1,352,2142022Assets 2023: $3,420,192Liabilities 2023: $1,506,805Net Assets 2023: $1,913,3872023Assets 2024: $3,729,455Liabilities 2024: $1,282,377Net Assets 2024: $2,447,0782024

Highlighted filing

2021

Assets$2,006,460
Liabilities$271,272
Net Assets$1,735,188

Operations Trend

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

$4.0M$2.0M$0-$2.0MExpenses 2010: $883,7432010Revenue 2011: $1,201,949Expenses 2011: $892,981Net Income 2011: $308,9682011Expenses 2012: $922,0692012Expenses 2013: $984,9102013Revenue 2014: $1,220,106Expenses 2014: $1,334,490Net Income 2014: -$114,3842014Revenue 2015: $1,312,835Expenses 2015: $1,211,778Net Income 2015: $101,0572015Revenue 2016: $1,501,394Expenses 2016: $1,497,601Net Income 2016: $3,7932016Revenue 2017: $1,628,886Expenses 2017: $1,689,954Net Income 2017: -$61,0682017Revenue 2018: $1,721,505Expenses 2018: $2,160,884Net Income 2018: -$439,3792018Revenue 2019: $1,785,725Expenses 2019: $2,474,553Net Income 2019: -$688,8282019Revenue 2020: $2,255,310Expenses 2020: $2,626,893Net Income 2020: -$371,5832020Revenue 2021: $3,369,000Expenses 2021: $2,371,332Net Income 2021: $997,6682021Revenue 2022: $2,576,190Expenses 2022: $2,717,275Net Income 2022: -$141,0852022Revenue 2023: $3,033,016Expenses 2023: $2,471,843Net Income 2023: $561,1732023Revenue 2024: $3,161,066Expenses 2024: $2,627,375Net Income 2024: $533,6912024

Highlighted filing

2021

Revenue$3,369,000
Expenses$2,371,332
Net Income$997,668
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 16, 2022
Return Version
2020v4.2
Gross Receipts
$3,790,271
Mission and Program Overview

Mission

Within the last two academic years, classical academy charter school of clifton (cacs) has been undergoing a remarkable period of growth and transformation. While maintaining its standards of academic excellence, cacs relocated to a larger facility in clifton, nj, in order to provide its students with more space to pursue diversified educational opportunities. This transition also allowed the school's administrative team to redesign the health and physical education program and to design and implement an art program. Both of these programs have been fully integrated into our advanced curriculum comprised of a daily student course load of english, languarge arts, middle school math, science, social studies, and latin. These additions have yielded to a 20% increase in parent and student satisfaction, contributed to an increase in student performance, and has contributed to our students' considering different areas of interest in high school academies and career planning.

The classical academy charter school of clifton's (the "charter school") mission is to blend core traditional learning foundations and modern day educational initiatives to create a progressive learning environment. Through the fusion of a curriculum deeply rooted in humanities and liberal arts and our comprehensive mathematics and science program, classical academy strives to foster not only scholastic achievements but also the growth of our students as future leaders through the infusion of core values and positive social learning experiences.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$206,988$1,694,005▲ $1,487,017
Land, Buildings, and Equipment, Net$425,387$0▼ $425,387
Accounts Receivable$52,979$200,154▲ $147,175
Prepaid Expenses and Deferred Charges$44,633$44,633→ $0
Total Assets$903,657$2,006,460▲ $1,102,803
Other Assets Total$173,670$67,668▼ $106,002
Liabilities
Other Liabilities$170,563$141,952▼ $28,611
Accounts Payable and Accrued Expenses$9,345$129,320▲ $119,975
Total Liabilities$179,908$271,272▲ $91,364
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$723,749$1,735,188▲ $1,011,439
Total Net Assets Fund Balance$723,749$1,735,188▲ $1,011,439
Total Liabilities and Net Assets / Fund Balance$903,657$2,006,460▲ $1,102,803

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$165,661$165,661
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dr Paul SemegranLead PersonFT$36,683$9,658$46,341
Hector BerriosSba/board SecretaryPT$30,000-$30,000

Board Members and Trustees

NameTitle
Shamira DrakefoldPresident
Christine SalibaVice President
Alicia AndersonBoard Member
Dean SpadavecchiaBoard Member
Genie TrottBoard Member
Janet SpidwakBoard Member
Kirsten DollBoard Member
Michelle TrainaBoard Member
Danielle AlpherBoard Member (non-voting)
Revenue and Support

Revenue Composition

Contributions and Grants
$570,063
Program Service Revenue
$1,910,614
Investment Income
$882,183
Other Revenue
$6,140
Change in Net Assets
$997,668

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,369,000
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$3,369,000
Total Revenue per Form 990
$3,369,000
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,552,126
Other Expenses$819,206
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$780,011$6,334-$786,345
Pension Plan Contributions$424,478$64,538-$489,016
Occupancy$340,130--$340,130
Fees for Services Other$158,010$80,756-$238,766
Current Officers, Directors, Trustees, and Key Employees-$153,767-$153,767
Office Expenses$123,662$9,699-$133,361
Other Employee Benefits$114,888$8,110-$122,998
Fees for Services Legal-$48,931-$48,931
Other Expenses$19,508$15,144-$34,652
Fees for Services Accounting-$19,250-$19,250
Depreciation Depletion$4,116--$4,116
Total Functional Expenses$1,964,803$406,529$0$2,371,332

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,371,332
Total Expenses per Audited Statements$2,371,332
Total Expenses per Form 990$2,371,332
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Net Pension Liability$78,872
Deferred Inflow of Resources$63,080
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
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

Governance Explanations

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

The board of trustees and designated school officials review the tax form 990 return prior to filing with the irs.

Form 990, Part VI, Section B, Line 12

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.

Form 990, Part VI, Section B, Line 15

While the charter school does not currently have a written whistleblower policy, 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. Compensation of lead person and key employees/officers (principal, sba) are based on qualifications, salary information of the same position in the school or similar entities in the area. The board reviews and approves compensation information for key and all other employees of the charter school.

Form 990, Part VI, Section C, Line 18

The charter school makes its governing documents, and financial statements available to the public upon written request to the school business office located at school's address the charter school's form 990 is available for public inspection at www.guidestar.org or at the school business office.

Form 990, Part VI, Section C, Line 19

The minutes for the meetings of the board of trustees of the classical academy charter school of clifton 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.

Filing and Contact Details

Filer

Filer Name
Classical Academy Charter School
EIN
22-3568322
Phone
9732787707
Address
1255 MAIN AVENUE, CLIFTON, NJ 07013

Signing Officer

Name
Hector Berrios
Title
School Business Administrator
Phone
9732787707
Signed
2022-05-16

Organization Details

Principal Officer
Hector Berrios
Formed
1998
Legal Domicile
Nj
Voting Board Members
8
Independent Board Members
8
Employees
42
Volunteers
9

Preparer

Firm
Galleros Robinson Cpas Llp
Address
115 DAVIS STATION ROAD, CREAM RIDGE, NJ 08514
Preparer
Leonora Galleroscpa
Phone
7329252608
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Professional/technical service: program service expenses 148,400. Management and general expenses 0. Fundraising expenses 0. Total expenses 148,400. Other purchased services: program service expenses 9,610. Management and general expenses 80,756. Fundraising expenses 0. Total expenses 90,366.

Financial Statement Notes

PART X, LINE 2:

The charter school's policies provide for uncertain tax position when a liability is most likely and estimable management is not aware of any violation neither of its tax status as exempt organization from income taxes nor of any exposure unrelated business income tax. The charter school is no longer subject to audits by applicable taxing jurisdictions for periods prior to june 30, 2018.

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IRS990/ActivityOrMissionDesc0THE CLASSICAL ACADEMY CHARTER SCHOOL OF CLIFTON'S (THE "CHARTER SCHOOL") MISSION IS TO BLEND CORE TRADITIONAL LEARNING FOUNDATIONS AND MODERN DAY EDUCATIONAL INITIATIVES TO CREATE A PROGRESSIVE LEARNING ENVIRONMENT. THROUGH THE FUSION OF A CURRICULUM DEEPLY ROOTED IN HUMANITIES AND LIBERAL ARTS AND OUR COMPREHENSIVE MATHEMATICS AND SCIENCE PROGRAM, CLASSICAL ACADEMY STRIVES TO FOSTER NOT ONLY SCHOLASTIC ACHIEVEMENTS BUT ALSO THE GROWTH OF OUR STUDENTS AS FUTURE LEADERS THROUGH THE INFUSION OF CORE VALUES AND POSITIVE SOCIAL LEARNING EXPERIENCES.
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IRS990/Desc0THE CLASSICAL ACADEMY CHARTER SCHOOL OF CLIFTON PROVIDED A FULL-RANGE EDUCATIONAL SERVICES TO 167 STUDENTS IN SY 2019-2020. THE CHARTER SCHOOL'S THREE-YEAR ACADEMIC PROGRAM IN GRADES 6, 7 AND 8 AND ITS PRACTICES AND POLICIES CONTINUE TO PROVE HIGHLY EFFECTIVE IN PRODUCING HIGH STUDENT LEARNING AT LOST COST ABOUT 60%-70% OF THE PREVAILING NORTH JERSEY 'PER PUPIL COST'. FOR FIVE OF THE LAST SIX YEARS, 100% OF 8TH GRADE STUDENTS PASSED ALL THREE TESTED SUBJECTS (LANGUAGE ARTS, MATHEMATICS, AND SCIENCE) ON THE STATE-MANDATED 'ASK-8' TEST; AND THE YEAR (2015) WHEN NOT EVERY STUDENT PASSED EVERY SUBJECT, OUR ASK-8 'CONTINUED PASSING RATE WAS HIGH AT 97% IN BOTH LANGUAGE ARTS AND SCIENCE, AND 94% IN MATHEMATICS.
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IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE CLASSICAL ACADEMY CHARTER SCHOOL OF CLIFTON'S (THE "CHARTER SCHOOL") MISSION IS TO BLEND CORE TRADITIONAL LEARNING FOUNDATIONS AND MODERN DAY EDUCATIONAL INITIATIVES TO CREATE A PROGRESSIVE LEARNING ENVIRONMENT. THROUGH THE FUSION OF A CURRICULUM DEEPLY ROOTED IN HUMANITIES AND LIBERAL ARTS AND OUR COMPREHENSIVE MATHEMATICS AND SCIENCE PROGRAM, CLASSICAL ACADEMY STRIVES TO FOSTER NOT ONLY SCHOLASTIC ACHIEVEMENTS BUT ALSO THE GROWTH OF OUR STUDENTS AS FUTURE LEADERS THROUGH THE INFUSION OF CORE VALUES AND POSITIVE SOCIAL LEARNING EXPERIENCES.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0723749
IRS990/NetAssetsOrFundBalancesEOYAmt01735188
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0882183
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0882183
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0723749
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01735188
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0340130
IRS990/OccupancyGrp/TotalAmt0340130
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt09699
IRS990/OfficeExpensesGrp/ProgramServicesAmt0123662
IRS990/OfficeExpensesGrp/TotalAmt0133361
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0173670
IRS990/OtherAssetsTotalGrp/EOYAmt067668
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt08110
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0114888
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0122998
IRS990/OtherExpensesGrp/Desc0MISCELLANEOUS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt015144
IRS990/OtherExpensesGrp/ProgramServicesAmt019508
IRS990/OtherExpensesGrp/TotalAmt034652
IRS990/OtherLiabilitiesGrp/BOYAmt0170563
IRS990/OtherLiabilitiesGrp/EOYAmt0141952
IRS990/OtherRevenueMiscGrp/BusinessCd0611110
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/ExclusionAmt00
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt06140
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt06140
IRS990/OtherRevenueTotalAmt06140
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt06334
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0780011
IRS990/OtherSalariesAndWagesGrp/TotalAmt0786345
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt064538
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0424478
IRS990/PensionPlanContributionsGrp/TotalAmt0489016
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt044633
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt044633
IRS990/PrincipalOfficerNm0HECTOR BERRIOS
IRS990/PriorPeriodAdjustmentsAmt013771
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611110
IRS990/ProgramServiceRevenueGrp/BusinessCd1611110
IRS990/ProgramServiceRevenueGrp/Desc0PER CAPITA AID
IRS990/ProgramServiceRevenueGrp/Desc1STUDENT ACTIVITIES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01907354
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt13260
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01907354
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt13260
IRS990/ProgSrvcAccomActy2Grp/Desc0THE CHARTER SCHOOL IMPLEMENTED THE EVERY STUDENT SUCCEEDS ACT (ESSA)SUCCESSFUL YOUNG CHARTER SCHOOL WITH GREAT PROMISE FOR THE FUTURE. WITHA FOCUS ON LEADERSHIP, CIVICS, COMMUNITY SERVICE AND ACADEMICS, THECHARTER SCHOOL MAINTAINS A LARGE WAITING LIST FOR ENTRANCE AND IS ARMEDWITH A STRONG BOARD, EXPERIENCED STAFF, SIGNIFICANT SEED FUNDING, AWELL-DEVELOPED MISSION AND ACCOMPANYING CORE VALUES.AND THE IDEA PROGRAMS. THESE PROGRAMS WERE ENACTED BY CONGRESS TOPREAUTHORIZE THE ELEMENTARY AND SECONDARY EDUCATION ACT WITH MAJORFOCUS ON PROVIDING ALL CHILDREN WITH FAIR, EQUAL AND SIGNIFICANTOPPORTUNITY TO HAVE A HIGH QUALITY EDUCATION THROUGH ENRICHMENT ACTIVITIES.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt024429
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0485198
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0782583
IRS990/PYOtherRevenueAmt07686
IRS990/PYProgramServiceRevenueAmt01762426
IRS990/PYRevenuesLessExpensesAmt0-371583
IRS990/PYSalariesCompEmpBnftPaidAmt01844310
IRS990/PYTotalExpensesAmt02626893
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02255310
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0997668
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01916754
IRS990ScheduleA/SchoolInd0X
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/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0165661
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0165661
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02371332
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt078872
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt163080
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NET PENSION LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEFERRED INFLOW OF RESOURCES
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt03369000
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CHARTER SCHOOL'S POLICIES PROVIDE FOR UNCERTAIN TAX POSITION WHEN A LIABILITY IS MOST LIKELY AND ESTIMABLE MANAGEMENT IS NOT AWARE OF ANY VIOLATION NEITHER OF ITS TAX STATUS AS EXEMPT ORGANIZATION FROM INCOME TAXES NOR OF ANY EXPOSURE UNRELATED BUSINESS INCOME TAX. THE CHARTER SCHOOL IS NO LONGER SUBJECT TO AUDITS BY APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO JUNE 30, 2018.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt02371332
IRS990ScheduleD/TotalLiabilityAmt0141952
IRS990ScheduleD/TotalRevenuePerForm990Amt03369000
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03369000
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02371332
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0CLASSICAL ACADEMY CHARTER SCHOOL OF CLIFTON MAINTAINS A RACIALLY NONDISCRIMINATORY POLICY TOWARDS ALL STUDENTS, IN THAT THE CHARTER SCHOOL DOES NOT DISCRIMINATE AGAINST ANY STUDENT, OR EMPLOYEE, FOR REASONS OF RACE, COLOR, CREED, SEX, AGE, RELIGION, ETHNIC ORIGIN, FAMILY AFFILIATION, DISABILITIES, SOCIAL OR ECONOMIC STATUS, MARITAL STATUS, SEXUAL ORIENTATION, OR BECAUSE OF LIABILITY FOR SERVICE IN THE UNITED STATES ARMED FORCES. THE RACIALLY NONDISCRIMINATORY POLICY IS CONTAINED IN THE SCHOOL BY-LAWS AND IS COMMUNICATED TO STUDENTS AND PARENTS. THE SCHOOL INTENDS TO PUBLISH THIS POLICY IN ITS BROCHURE AND ON ITS WEBSITE. IN ADDITION, CLASSICAL ACADEMY CHARTER SCHOOL OF CLIFTON CUSTOMARILY DRAWS ITS STUDENTS FROM LOCAL COMMUNITIES, AND FURTHER, THE CHARTER SCHOOL ENROLLS STUDENTS OF RACIAL MINORITY GROUPS IN MEANINGFUL NUMBERS.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE CHARTER SCHOOL RECEIVES PUBLIC ASSISTANCE BY WAY OF PERCENTAGE OF LOCAL TAX LEVY PURSUANT TO REGULATIONS PROMULGATED BY THE STATE OF NEW JERSEY DEPARTMENT OF EDUCATION. IN ADDITION, THE CHARTER SCHOOL RECEIVES FEDERAL ASSISTANCE BY WAY OF GRANTS FROM NCLB/TITLE I AND IDEA PROGRAMS OTHER FINANCIAL ASSISTANCE FROM GOVERNMENTAL PROGRAMS IS ALSO AVAILABLE VIA APPLICATION.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF TRUSTEES AND DESIGNATED SCHOOL OFFICIALS REVIEW THE TAX FORM 990 RETURN PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2WHILE THE CHARTER SCHOOL DOES NOT CURRENTLY HAVE A WRITTEN WHISTLEBLOWER POLICY, 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. COMPENSATION OF LEAD PERSON AND KEY EMPLOYEES/OFFICERS (PRINCIPAL, SBA) ARE BASED ON QUALIFICATIONS, SALARY INFORMATION OF THE SAME POSITION IN THE SCHOOL OR SIMILAR ENTITIES IN THE AREA. THE BOARD REVIEWS AND APPROVES COMPENSATION INFORMATION FOR KEY AND ALL OTHER EMPLOYEES OF THE CHARTER SCHOOL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CHARTER SCHOOL MAKES ITS GOVERNING DOCUMENTS, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST TO THE SCHOOL BUSINESS OFFICE LOCATED AT SCHOOL'S ADDRESS THE CHARTER SCHOOL'S FORM 990 IS AVAILABLE FOR PUBLIC INSPECTION AT WWW.GUIDESTAR.ORG OR AT THE SCHOOL BUSINESS OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE MINUTES FOR THE MEETINGS OF THE BOARD OF TRUSTEES OF THE CLASSICAL ACADEMY CHARTER SCHOOL OF CLIFTON 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PROFESSIONAL/TECHNICAL SERVICE: PROGRAM SERVICE EXPENSES 148,400. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 148,400. OTHER PURCHASED SERVICES: PROGRAM SERVICE EXPENSES 9,610. MANAGEMENT AND GENERAL EXPENSES 80,756. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 90,366.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0903657
IRS990/TotalAssetsEOYAmt02006460
IRS990/TotalAssetsGrp/BOYAmt0903657
IRS990/TotalAssetsGrp/EOYAmt02006460
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0570063
IRS990/TotalEmployeeCnt042
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0406529
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01964803
IRS990/TotalFunctionalExpensesGrp/TotalAmt02371332
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0179908
IRS990/TotalLiabilitiesEOYAmt0271272
IRS990/TotalLiabilitiesGrp/BOYAmt0179908
IRS990/TotalLiabilitiesGrp/EOYAmt0271272
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0723749
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01735188
IRS990/TotalOtherCompensationAmt09658
IRS990/TotalProgramServiceExpensesAmt01964803
IRS990/TotalProgramServiceRevenueAmt01910614
IRS990/TotalReportableCompFromOrgAmt066683
IRS990/TotalRevenueGrp/ExclusionAmt0882183
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01916754
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03369000
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt09
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0903657
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02006460
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01255 MAIN AVENUE
IRS990/USAddress/CityNm0CLIFTON
IRS990/USAddress/StateAbbreviationCd0NJ
IRS990/USAddress/ZIPCd007013
IRS990/VotingMembersGoverningBodyCnt08

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.73$1.28$2.45$3.16$2.63$0.53
2023Detailed filing. Detailed filing data is available for this year.$3.42$1.51$1.91$3.03$2.47$0.56
2022Detailed filing. Detailed filing data is available for this year.$3.07$1.72$1.35$2.58$2.72$0.14
2021Detailed filing. Detailed filing data is available for this year.$2.01$0.27$1.74$3.37$2.37$1.00
2020Detailed filing. Detailed filing data is available for this year.$0.90$0.18$0.72$2.26$2.63$0.37
2019Detailed filing. Detailed filing data is available for this year.$1.30$0.20$1.10$1.79$2.47$0.69
2018Detailed filing. Detailed filing data is available for this year.$2.07$0.28$1.78$1.72$2.16$0.44
2017Detailed filing. Detailed filing data is available for this year.$2.44$0.22$2.22$1.63$1.69$0.06
2016Detailed filing. Detailed filing data is available for this year.$2.47$0.18$2.28$1.50$1.50$0.00
2015Summary only. Only limited summary data is available for this year.$2.44$0.16$2.28$1.31$1.21$0.10
2014Detailed filing. Detailed filing data is available for this year.$2.22$0.04$2.18$1.22$1.33$0.11
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.74$0.06$1.68$0.98
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.50$0.08$1.43$0.92
2011Summary only. Only limited summary data is available for this year.$1.24$0.10$1.14$1.20$0.89$0.31
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.86$0.02$0.83$0.88