Civic Intelligence

The Gray Charter School

990 • Fiscal year 2012 • EIN 22-3626543

Jul 01, 2011 to Jun 30, 2012 • Filed on Feb 19, 2013

55 Liberty Street07102
Siviq Scores

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

Liabilities / Assets

78th percentile

0.51x

Higher debt load relative to assets than 78% of similar nonprofits.

2012 filings • NTEE B • $1M-$5M nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

88th percentile

43%

Faster asset growth than 88% of similar nonprofits.

2012 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

Up

$1,111,450

Up $332,715 (+43%) from 2011

Net Assets

Up

$541,389

Up $129,960 (+32%) from 2011

Liabilities

Up

$570,061

Up $202,755 (+55%) from 2011

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$4,671,876

Up $253,847 (+5.7%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$4.0M$2.0M$0-$2.0MAssets 2011: $778,735Liabilities 2011: $367,306Net Assets 2011: $411,4292011Assets 2012: $1,111,450Liabilities 2012: $570,061Net Assets 2012: $541,3892012Assets 2013: $805,702Liabilities 2013: $1,064,409Net Assets 2013: -$258,7072013Assets 2014: $636,456Liabilities 2014: $844,418Net Assets 2014: -$207,9622014Assets 2015: $1,182,767Liabilities 2015: $2,329,364Net Assets 2015: -$1,146,5972015Assets 2016: $1,435,445Liabilities 2016: $158,023Net Assets 2016: $1,277,4222016Assets 2018: $2,111,441Liabilities 2018: $89,623Net Assets 2018: $2,021,8182018Assets 2019: $2,270,087Liabilities 2019: $124,027Net Assets 2019: $2,146,0602019Assets 2020: $1,857,916Liabilities 2020: $195,599Net Assets 2020: $1,662,3172020Assets 2021: $2,050,524Liabilities 2021: $104,081Net Assets 2021: $1,946,4432021Assets 2022: $2,755,799Liabilities 2022: $198,904Net Assets 2022: $2,556,8952022Assets 2023: $3,321,290Liabilities 2023: $269,688Net Assets 2023: $3,051,6022023Assets 2024: $3,549,190Liabilities 2024: $460,814Net Assets 2024: $3,088,3762024

Highlighted filing

2012

Assets$1,111,450
Liabilities$570,061
Net Assets$541,389

Operations Trend

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

$10M$5.0M$0-$5.0MExpenses 2011: $4,418,0292011Expenses 2012: $4,671,8762012Expenses 2013: $5,080,7082013Revenue 2014: $4,969,740Expenses 2014: $5,096,059Net Income 2014: -$126,3192014Revenue 2015: $5,687,974Expenses 2015: $5,005,206Net Income 2015: $682,7682015Revenue 2016: $5,434,542Expenses 2016: $4,642,734Net Income 2016: $791,8082016Revenue 2018: $6,100,339Expenses 2018: $5,903,007Net Income 2018: $197,3322018Revenue 2019: $6,483,627Expenses 2019: $6,359,385Net Income 2019: $124,2422019Revenue 2020: $5,987,953Expenses 2020: $6,471,696Net Income 2020: -$483,7432020Revenue 2021: $6,735,867Expenses 2021: $6,451,741Net Income 2021: $284,1262021Revenue 2022: $7,500,612Expenses 2022: $6,890,160Net Income 2022: $610,4522022Revenue 2023: $8,202,315Expenses 2023: $7,707,608Net Income 2023: $494,7072023Revenue 2024: $7,787,906Expenses 2024: $7,751,132Net Income 2024: $36,7742024

Highlighted filing

2012

Revenue-
Expenses$4,671,876
Net Income-
Jump To
Filing Snapshot
Filing Period
Jul 1, 2011 to Jun 30, 2012
Signed
Feb 19, 2013
Return Version
2011v1.5
Gross Receipts
$4,911,292
Mission and Program Overview

Mission

The charter schools mission is to provide its diverse student body the best possible education by focusing on the fundamental academic disciplines in an atmosphere that affirms academic.

Filing and Contact Details

Filer

EIN
22-3626543
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IRS990/ActivityOrMissionDescription0The Gray Charter School is an independent reporting entity within the criteria adopted by the Government Standards Board (GASB) as established by GASB Statement No. 14. All funds and account groups of the charter school are included in this report.The Gray Charter School provides a full range of educational services appropriate to grades K-8. These services include regular, as well as special instruction in basic skills. The students are afforded educational opportunities through the implementation of various instructional ideologies that are aligned with the New Jersey Core Curriculum Content Standards. In addition, the comprehensive curriculum is complemented with the teaching of music and violin. Tutorial opportunities are provided on a daily basis for individuals and small groups. The Charter School completed the 2011-2012 school year with an enrollment of 277 students. Clear, student-centered goals focused on staff professional development has resulted in significant gains in achi
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IRS990/MissionDescription0The Gray Charter School is an independent reporting entity within the criteria adopted by the Government Standards Board (GASB) as established by GASB Statement No. 14. All funds and account groups of the charter school are included in this report.The Gray Charter School provides a full range of educational services appropriate to grades K-8. These services include regular, as well as special instruction in basic skills. The students are afforded educational opportunities through the implementation of various instructional ideologies that are aligned with the New Jersey Core Curriculum Content Standards. In addition, the comprehensive curriculum is complemented with the teaching of music and violin. Tutorial opportunities are provided on a daily basis for individuals and small groups. The Charter School completed the 2011-2012 school year with an enrollment of 277 students. Clear, student-centered goals focused on staff professional development has resulted in significant gains in achi
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IRS990ScheduleE/Form990ScheduleEPartII/Explanation0THE GRAY CHARTER SCHOOL 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. THIS POLICY ALSO EXTENDS TO VENDORS WITH WHOM THE SCHOOL WOULD DO BUSINESS. THE RACIALLY NONDISCRIMINATORY POLICY IS CONTAINED IN THE SCHOOL CHARTER, BY-LAWS AND POLICY MANUAL, AND IS COMMUNICATED TO STUDENTS AND PARENTS IN ALL WRITINGS AND COMMUNICATIONS. IN ADDITION, THE RACIALLY NONDISCRIMINATORY POLICY IS REVIEWED AND REINFORCED AT THE ANNUAL PARENTS MEETING.FURTHERMORE, THE GRAY CHARTER SCHOOL CUSTOMARILY DRAWS ITS STUDENTS FROM LOCAL COMMUNITIES, AND FURTHER, THE CHARTER SCHOOL ENROLLS STUDENTS OF RACIAL MINORITY GROUPS IN MEANINGFUL NUMBERS.
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IRS990ScheduleJ/Form990ScheduleJPartII/NamePerson1RICHARD SALLES
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IRS990ScheduleO/GeneralExplanation/Explanation0THE GRAY CHARTER SCHOOL HAS A WRITTEN WHISTLEBLOWER POLICY WHICH PROHIBITS DISCRIMINATION OR RETALIATION AGAINST ANY SCHOOL EMPLOYEE WHO: (1) DISCLOSES OR THREATENS TO DISCLOSE TO A SUPERVISOR OR APPROPRIATE ENTITY A POLICY OR PRACTICE WHICH THE EMPLOYEE REASONABLY BELIEVES IS IN VIOLATION OF LAW; (2) PROVIDES INFORMATION TO ANY PUBLIC BODY CONDUCTING AN INVESTIGATION OR INQUIRY INTO ANY ALLEGED VIOLATION OF LAW; OR (3) OBJECTS TO, OR REFUSES TO PARTICIPATE IN ANY ACTIVITY, POLICY OR PRACTICE WHICH THE EMPLOYEE REASONABLY BELIEVES IS IN VIOLATION OF LAW, IS FRAUDULENT OR CRIMINAL, OR IS INCOMPATIBLE WITH PUBLIC HEALTH OR SAFETY.
IRS990ScheduleO/GeneralExplanation/Explanation1THE GRAY CHARTER SCHOOL HAS A WRITTEN POLICY WHICH FOLLOWS STATE AND FEDERAL REGULATIONS AND STANDARDS GOVERNING RECORD RETENTION AND DESTRUCTION.
IRS990ScheduleO/GeneralExplanation/Explanation2No documents available to the public.
IRS990ScheduleO/GeneralExplanation/Explanation3SALARY AND COMPENSATION ARE REVIEWED AND EVALUATED BY THE CHARTER SCHOOL LEAD PERSON AND BUSINESS ADMINSTRATOR ON AN ANNUAL BASIS. IN CONDUCTING SUCH REVIEW AND EVALUATION, FACTORS SUCH AS TEACHER PERFORMANCE AND COMPARABLE AREA STANDARDS FOR THE PROFESSION, ARE GIVEN DUE WEIGHT AND CONSIDERATION. ALL SUCH COMPENSATION EVALUATIONS AND RECOMMENDATIONS ARE REVIEWED AND APPROVED BY THE BOARD OF TRUSTEES OF THE CHARTER SCHOOL.
IRS990ScheduleO/GeneralExplanation/Explanation4EACH SCHOOL OFFICIAL AND/OR KEY EMPLOYEE, AS WELL AS EACH MEMBER OF THE BOARD OF TRUSTEES OF THE GRAY CHARTER SCHOOL, IS REQUIRED TO FILE THE SCHOOL ETHICS COMMISSION DISCLOSURE STATEMENT, PER APPLICABLE NEW JERSEY LAW. THESE FORMS ARE FILED WITH THE LOCAL COUNTY AUTHORITY.
IRS990ScheduleO/GeneralExplanation/Explanation5THE GOVERNING BOARD REVIEWED THE FORM 990 PRIOR TO ITS MAILING TO THE IRS
IRS990ScheduleO/GeneralExplanation/Identifier0Form 990, Part VI, Line 19
IRS990ScheduleO/GeneralExplanation/Identifier1Form 990, Part VI, Line 15b
IRS990ScheduleO/GeneralExplanation/Identifier2Form 990, Part VI, Line 12c
IRS990ScheduleO/GeneralExplanation/Identifier3Form 990, Part VI, Line 11
IRS990ScheduleO/GeneralExplanation/ReturnReference0WHISTLEBLOWER POLICY
IRS990ScheduleO/GeneralExplanation/ReturnReference1DOCUMENT RETENTION AND DESTRUCTION POLICY
IRS990ScheduleO/GeneralExplanation/ReturnReference2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/GeneralExplanation/ReturnReference3Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/GeneralExplanation/ReturnReference4Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/GeneralExplanation/ReturnReference5Form 990, Part VI, Line 11: Form 990 Review Process
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IRS990/TaxExemptBonds0false
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IRS990/TheBooksAreInCareOf/AddressUS/City0NEWARK
IRS990/TheBooksAreInCareOf/AddressUS/State0NJ
IRS990/TheBooksAreInCareOf/AddressUS/ZIPCode007102
IRS990/TheBooksAreInCareOf/NamePerson0ORGANIZATION
IRS990/TheBooksAreInCareOf/TelephoneNumber09738246661
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IRS990/TotalExpensesCurrentYear04671876
IRS990/TotalExpensesPriorYear04418029
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IRS990/TotalFunctionalExpenses/ManagementAndGeneral02678220
IRS990/TotalFunctionalExpenses/ProgramServices01990730
IRS990/TotalFunctionalExpenses/Total04671876
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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.55$0.46$3.09$7.79$7.75$0.04
2023Detailed filing. Detailed filing data is available for this year.$3.32$0.27$3.05$8.20$7.71$0.49
2022Detailed filing. Detailed filing data is available for this year.$2.76$0.20$2.56$7.50$6.89$0.61
2021Detailed filing. Detailed filing data is available for this year.$2.05$0.10$1.95$6.74$6.45$0.28
2020Summary only. Only limited summary data is available for this year.$1.86$0.20$1.66$5.99$6.47$0.48
2019Summary only. Only limited summary data is available for this year.$2.27$0.12$2.15$6.48$6.36$0.12
2018Summary only. Only limited summary data is available for this year.$2.11$0.09$2.02$6.10$5.90$0.20
2016Summary only. Only limited summary data is available for this year.$1.44$0.16$1.28$5.43$4.64$0.79
2015Summary only. Only limited summary data is available for this year.$1.18$2.33$1.15$5.69$5.01$0.68
2014Detailed filing. Detailed filing data is available for this year.$0.64$0.84$0.21$4.97$5.10$0.13
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.81$1.06$0.26$5.08
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.11$0.57$0.54$4.67
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.78$0.37$0.41$4.42