Civic Intelligence

Classical Academy Charter School of Clifton Inc.

990 • Fiscal year 2023 • EIN 22-3568322

Jul 01, 2022 to Jun 30, 2023 • Filed on May 14, 2024

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

76th percentile

0.44x

Higher debt load relative to assets than 76% of similar nonprofits.

2023 filings • NTEE B • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

83rd percentile

0.50x

Higher debt load relative to revenue than 83% of similar nonprofits.

2023 filings • NTEE B • $1M-$5M nonprofits • Source year 2023

Net Margin

75th percentile

19%

Higher net margin than 75% of similar nonprofits.

2023 filings • NTEE B • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

76th percentile

$132,839

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 4.4% of source-year revenue.

2023 filings • NTEE B • $1M-$5M nonprofits • Source year 2023

Asset Growth

64th percentile

11%

Faster asset growth than 64% of similar nonprofits.

2023 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

65th percentile

18%

Faster revenue growth than 65% of similar nonprofits.

2023 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Up

$3,420,192

Up $349,135 (+11%) from 2022

Net Assets

Up

$1,913,387

Up $561,173 (+42%) from 2022

Liabilities

Down

$1,506,805

Down $212,038 (-12%) from 2022

Revenue

Up

$3,033,016

Up $456,826 (+18%) from 2022

Expenses

Down

$2,471,843

Down $245,432 (-9.0%) from 2022

Net Income

Up

$561,173

Up $702,258 (+498%) from 2022

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

2023

Assets$3,420,192
Liabilities$1,506,805
Net Assets$1,913,387

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

2023

Revenue$3,033,016
Expenses$2,471,843
Net Income$561,173
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 14, 2024
Return Version
2022v5.0
Gross Receipts
$3,033,016
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$1,417,545$2,127,521▲ $709,976
Accounts Receivable$384,526$264,221▼ $120,305
Prepaid Expenses and Deferred Charges$44,633$44,633→ $0
Total Assets$3,071,057$3,420,192▲ $349,135
Other Assets Total$1,224,353$983,817▼ $240,536
Liabilities
Other Liabilities$1,557,833$1,278,151▼ $279,682
Accounts Payable and Accrued Expenses$161,010$200,945▲ $39,935
Deferred Revenue-$27,709-
Total Liabilities$1,718,843$1,506,805▼ $212,038
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,335,577$1,896,972▲ $561,395
Net Assets With Donor Restrictions$16,637$16,415▼ $222
Total Net Assets Fund Balance$1,352,214$1,913,387▲ $561,173
Total Liabilities and Net Assets / Fund Balance$3,071,057$3,420,192▲ $349,135

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$165,661$165,661
Other Assets Org$3,145--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Bernadette PintoSba/board SeFT$132,839-$132,839
Dr Paul SemegranLead PersonFT$104,860$9,658$114,518

Board Members and Trustees

NameTitle
Shamira DrakefordPresident
Diane GarridoMember
Genie TrottMember
Janet SpidwakMember
Nina PrinzMember
Oran BullenMember
Adrienne AustinMember Beg.
Linda BuonauroMember Beg.
Dean SpadavecchiaMember Until
Kirsten DollMember Until
Alicia AndersonVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$867,063
Program Service Revenue
$2,134,044
Investment Income
$5,697
Other Revenue
$26,212
Change in Net Assets
$561,173

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,033,016
Total Revenue per Audited Statements
$3,033,016
Total Revenue per Form 990
$3,033,016
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,834,064
Other Expenses$637,779
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$662,389$254,288-$916,677
Pension Plan Contributions$350,975$44,807-$395,782
Depreciation Depletion-$235,322-$235,322
Current Officers, Directors, Trustees, and Key Employees$102,630$129,312-$231,942
Other Employee Benefits$198,898$18,351-$217,249
Fees for Services Other$112,991$32,780-$145,771
Occupancy$69,142$64,753-$133,895
Payroll Taxes$62,970$9,444-$72,414
Office Expenses$59,168$13,180-$72,348
Other Expenses$18,824$4,959-$23,783
Fees for Services Accounting-$23,000-$23,000
Fees for Services Legal-$3,440-$3,440
Insurance-$220-$220
Total Functional Expenses$1,637,987$833,856$0$2,471,843

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,471,843
Total Expenses per Audited Statements$2,471,843
Total Expenses per Form 990$2,471,843
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
Lease Liabilities$1,190,684
Deferred Inflow of Resources$74,886
Intergovernmental Payables - State$12,581
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
No
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, Page 6, Part VI, Line 11B

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

Form 990, Page 6, Part VI, Line 12C

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, Page 6, Part VI, Line 15A

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, Page 6, Part VI, 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, Page 6, Part VI, 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
Bernadette Pinto
Title
Sba/board Secretary
Phone
9732787707
Signed
2024-05-14

Organization Details

Principal Officer
Bernadette Pinto
Formed
1998
Legal Domicile
Nj
Voting Board Members
9
Independent Board Members
9
Employees
21
Volunteers
11

Preparer

Firm
Galleros Robinson
Address
115 DAVIS STATION RD, CREAM RIDGE, NJ 08514
Preparer
Leonora Galleros
Phone
6469210400
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

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.

Form 990, Page 2, Part III, Line 4A

Classical academy charter school of clifton provides a full range of educational services appropriate to grades 6-8. These services include regular, as well as special education and basic skills instruction. The charter school completed the 2022-2023 school year with an enrollment of 162 students. The classical academy charter school of clifton's threeyear academic program in grades 6, 7, and 8 and its practices and policies continue to prove highly effective in producing high student learning. The classical academy charter school of clifton has produced outstanding results, consistently at the highest levels, is not a subjective appraisal. In 2008 the federal dept. Of education honored the school with a "national blue ribbon school of excellence award (only the 2nd new jersey public charter school in 16 years to be so honored); in 2012 the new jersey dept. Of education designated the classical academy charter school of clifton a 'reward' school, its designation for high-achieving public schools, charter and traditional; and in 2013, the 'national new campaign for achievement now' (njcan), a citizens education action group, recognized the classical academy charter school of clifton with its 'top ten' awards: one award for being a top ten nj school for educating 'low income students- and another 'top ten' award for educating to high levels 'latino students', and one for overall excellence in middle-school education. In 2018, classical academy was granted an enrollment increase for the 2019-2020 school year by an additional sixty students. Classical academy charter school of clifton is an active member of the junior national honor society and has provided families with an after school program and summer program that build the whole child.

Form 990, Page 2, Part III, Line 4B

The charter school implemented the every student succeeds act (essa) successful young charter school with great promise for the future. With a focus on leadership, civics, community service and academics, the charter school maintains a large waiting list for entrance and is armed with a strong board, experienced staff, significant seed funding, a well-developed mission and accompanying core values. And the idea programs. These programs were enacted by congress to preauthorize the elementary and secondary education act with major focus on providing all children with fair, equal and significant opportunity to have a high quality education through enrichment activities. In addition, the charter school also implemented requirements of the esser, arp and ther covid-19 related activities to retain and maintain school operations during the covid-19 pandemic.

Form 990, Page 12, Part XII, Line 2C

This process has not changed from prior year.

Financial Statement Notes

Schedule D, Page 3, Part X

The charter school recognizes the effect of income tax positions only of those positions are more likely than not of being sustained. Management has determined that the charter school had no uncertain tax positions that would require financial statement recognition. The charter school is no longer subject to audits by the applicable taxing jurisdictions for tax periods prior to 2020.

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IRS990/Desc0CLASSICAL ACADEMY CHARTER SCHOOL OF CLIFTON PROVIDES A FULL RANGE OF EDUCATIONAL SERVICES APPROPRIATE TO GRADES 6-8. THESE SERVICES INCLUDE REGULAR, AS WELL AS SPECIAL EDUCATION AND BASIC SKILLS INSTRUCTION. THE CHARTER SCHOOL COMPLETED THE 2022-2023 SCHOOL YEAR WITH AN ENROLLMENT OF 162 STUDENTS. THE CLASSICAL ACADEMY CHARTER SCHOOL OF CLIFTON'S THREEYEAR ACADEMIC PROGRAM IN GRADES 6, 7, AND 8 AND ITS PRACTICES AND POLICIES CONTINUE TO PROVE HIGHLY EFFECTIVE IN PRODUCING HIGH STUDENT LEARNING. THE CLASSICAL ACADEMY CHARTER SCHOOL OF CLIFTON HAS PRODUCED OUTSTANDING RESULTS, CONSISTENTLY AT THE HIGHEST LEVELS, IS NOT A SUBJECTIVE APPRAISAL. IN 2008 THE FEDERAL DEPT. OF EDUCATION HONORED THE SCHOOL WITH A "NATIONAL BLUE RIBBON SCHOOL OF EXCELLENCE AWARD (ONLY THE 2ND NEW JERSEY PUBLIC CHARTER SCHOOL IN 16 YEARS TO BE SO HONORED); IN 2012 THE NEW JERSEY DEPT. OF EDUCATION DESIGNATED THE CLASSICAL ACADEMY CHARTER SCHOOL OF CLIFTON A 'REWARD' SCHOOL, ITS DESIGNATION FOR HIGH-ACHIEVING PUBLIC SCHOOLS, CHARTER AND TRADITIONAL; AND IN 2013, THE 'NATIONAL NEW CAMPAIGN FOR ACHIEVEMENT NOW' (NJCAN), A CITIZENS EDUCATION ACTION GROUP, RECOGNIZED THE CLASSICAL ACADEMY CHARTER SCHOOL OF CLIFTON WITH ITS 'TOP TEN' AWARDS: ONE AWARD FOR BEING A TOP TEN NJ SCHOOL FOR EDUCATING 'LOW INCOME STUDENTS- AND ANOTHER 'TOP TEN' AWARD FOR EDUCATING TO HIGH LEVELS 'LATINO STUDENTS', AND ONE FOR OVERALL EXCELLENCE IN MIDDLE-SCHOOL EDUCATION. IN 2018, CLASSICAL ACADEMY WAS GRANTED AN ENROLLMENT INCREASE FOR THE 2019-2020 SCHOOL YEAR BY AN ADDITIONAL SIXTY STUDENTS. CLASSICAL ACADEMY CHARTER SCHOOL OF CLIFTON IS AN ACTIVE MEMBER OF THE JUNIOR NATIONAL HONOR SOCIETY AND HAS PROVIDED FAMILIES WITH AN AFTER SCHOOL PROGRAM AND SUMMER PROGRAM THAT BUILD THE WHOLE CHILD.
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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.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CHARTER SCHOOL RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY OF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE CHARTER SCHOOL HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION. THE CHARTER SCHOOL IS NO LONGER SUBJECT TO AUDITS BY THE APPLICABLE TAXING JURISDICTIONS FOR TAX PERIODS PRIOR TO 2020.
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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.
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IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 6
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CLASSICAL ACADEMY CHARTER SCHOOL OF CLIFTON PROVIDES A FULL RANGE OF EDUCATIONAL SERVICES APPROPRIATE TO GRADES 6-8. THESE SERVICES INCLUDE REGULAR, AS WELL AS SPECIAL EDUCATION AND BASIC SKILLS INSTRUCTION. THE CHARTER SCHOOL COMPLETED THE 2022-2023 SCHOOL YEAR WITH AN ENROLLMENT OF 162 STUDENTS. THE CLASSICAL ACADEMY CHARTER SCHOOL OF CLIFTON'S THREEYEAR ACADEMIC PROGRAM IN GRADES 6, 7, AND 8 AND ITS PRACTICES AND POLICIES CONTINUE TO PROVE HIGHLY EFFECTIVE IN PRODUCING HIGH STUDENT LEARNING. THE CLASSICAL ACADEMY CHARTER SCHOOL OF CLIFTON HAS PRODUCED OUTSTANDING RESULTS, CONSISTENTLY AT THE HIGHEST LEVELS, IS NOT A SUBJECTIVE APPRAISAL. IN 2008 THE FEDERAL DEPT. OF EDUCATION HONORED THE SCHOOL WITH A "NATIONAL BLUE RIBBON SCHOOL OF EXCELLENCE AWARD (ONLY THE 2ND NEW JERSEY PUBLIC CHARTER SCHOOL IN 16 YEARS TO BE SO HONORED); IN 2012 THE NEW JERSEY DEPT. OF EDUCATION DESIGNATED THE CLASSICAL ACADEMY CHARTER SCHOOL OF CLIFTON A 'REWARD' SCHOOL, ITS DESIGNATION FOR HIGH-ACHIEVING PUBLIC SCHOOLS, CHARTER AND TRADITIONAL; AND IN 2013, THE 'NATIONAL NEW CAMPAIGN FOR ACHIEVEMENT NOW' (NJCAN), A CITIZENS EDUCATION ACTION GROUP, RECOGNIZED THE CLASSICAL ACADEMY CHARTER SCHOOL OF CLIFTON WITH ITS 'TOP TEN' AWARDS: ONE AWARD FOR BEING A TOP TEN NJ SCHOOL FOR EDUCATING 'LOW INCOME STUDENTS- AND ANOTHER 'TOP TEN' AWARD FOR EDUCATING TO HIGH LEVELS 'LATINO STUDENTS', AND ONE FOR OVERALL EXCELLENCE IN MIDDLE-SCHOOL EDUCATION. IN 2018, CLASSICAL ACADEMY WAS GRANTED AN ENROLLMENT INCREASE FOR THE 2019-2020 SCHOOL YEAR BY AN ADDITIONAL SIXTY STUDENTS. CLASSICAL ACADEMY CHARTER SCHOOL OF CLIFTON IS AN ACTIVE MEMBER OF THE JUNIOR NATIONAL HONOR SOCIETY AND HAS PROVIDED FAMILIES WITH AN AFTER SCHOOL PROGRAM AND SUMMER PROGRAM THAT BUILD THE WHOLE CHILD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CHARTER SCHOOL IMPLEMENTED THE EVERY STUDENT SUCCEEDS ACT (ESSA) SUCCESSFUL YOUNG CHARTER SCHOOL WITH GREAT PROMISE FOR THE FUTURE. WITH A FOCUS ON LEADERSHIP, CIVICS, COMMUNITY SERVICE AND ACADEMICS, THE CHARTER SCHOOL MAINTAINS A LARGE WAITING LIST FOR ENTRANCE AND IS ARMED WITH A STRONG BOARD, EXPERIENCED STAFF, SIGNIFICANT SEED FUNDING, A WELL-DEVELOPED MISSION AND ACCOMPANYING CORE VALUES. AND THE IDEA PROGRAMS. THESE PROGRAMS WERE ENACTED BY CONGRESS TO PREAUTHORIZE THE ELEMENTARY AND SECONDARY EDUCATION ACT WITH MAJOR FOCUS ON PROVIDING ALL CHILDREN WITH FAIR, EQUAL AND SIGNIFICANT OPPORTUNITY TO HAVE A HIGH QUALITY EDUCATION THROUGH ENRICHMENT ACTIVITIES. IN ADDITION, THE CHARTER SCHOOL ALSO IMPLEMENTED REQUIREMENTS OF THE ESSER, ARP AND THER COVID-19 RELATED ACTIVITIES TO RETAIN AND MAINTAIN SCHOOL OPERATIONS DURING THE COVID-19 PANDEMIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF TRUSTEES AND DESIGNATED SCHOOL OFFICIALS REVIEW THE TAX FORM 990 RETURN PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4EACH 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/ExplanationTxt5WHILE 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/ExplanationTxt6THE 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/ExplanationTxt7THE 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/ExplanationTxt8THIS PROCESS HAS NOT CHANGED FROM PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 2, PART III, LINE 4B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PAGE 12, PART XII, LINE 2C
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

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