Civic Intelligence

The Gray Charter School

990 • Fiscal year 2023 • EIN 22-3626543

Jul 01, 2022 to Jun 30, 2023 • Filed on Apr 16, 2024

Organization Profilewww.graycharterschool.com
55 Liberty StreetNewark, NJ 07102

(973) 824-6661

Siviq Scores

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

Liabilities / Assets

31st percentile

0.08x

Higher debt load relative to assets than 31% of similar nonprofits.

2023 filings • NTEE B • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

19th percentile

0.03x

Higher debt load relative to revenue than 19% of similar nonprofits.

2023 filings • NTEE B • $5M-$10M nonprofits • Source year 2023

Net Margin

55th percentile

6.0%

Higher net margin than 55% of similar nonprofits.

2023 filings • NTEE B • $5M-$10M nonprofits • Source year 2023

Top Officer Pay

83rd percentile

$250,102

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 3.0% of source-year revenue.

2023 filings • NTEE B • $5M-$10M nonprofits • Source year 2023

Asset Growth

70th percentile

21%

Faster asset growth than 70% of similar nonprofits.

2023 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

58th percentile

9.4%

Faster revenue growth than 58% of similar nonprofits.

2023 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets31st percentile

Assets

Up

$3,321,290

Up $565,491 (+21%) from 2022

Net Assets

Up

$3,051,602

Up $494,707 (+19%) from 2022

Liabilities

Up

$269,688

Up $70,784 (+36%) from 2022

Revenue And Expenses
Liabilities / Revenue19th percentileNet Margin55th percentile

Revenue

Up

$8,202,315

Up $701,703 (+9.4%) from 2022

Expenses

Up

$7,707,608

Up $817,448 (+12%) from 2022

Net Income

Down

$494,707

Down $115,745 (-19%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth70th percentile

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

2023

Assets$3,321,290
Liabilities$269,688
Net Assets$3,051,602
Open 2023 Filing

Operations Trend

Revenue Growth58th percentile

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

2023

Revenue$8,202,315
Expenses$7,707,608
Net Income$494,707
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Apr 16, 2024
Return Version
2022v5.0
Gross Receipts
$8,202,315
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.

The charter school's 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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,781,643$2,379,352▲ $597,709
Accounts Receivable$716,156$689,792▼ $26,364
Savings and Temporary Cash Investments$218,000$212,146▼ $5,854
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$2,755,799$3,321,290▲ $565,491
Other Assets Total$40,000$40,000→ $0
Liabilities
Deferred Revenue$120,980$255,351▲ $134,371
Other Liabilities$77,924$14,337▼ $63,587
Total Liabilities$198,904$269,688▲ $70,784
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,556,895$3,051,602▲ $494,707
Total Net Assets Fund Balance$2,556,895$3,051,602▲ $494,707
Total Liabilities and Net Assets / Fund Balance$2,755,799$3,321,290▲ $565,491

Asset Categories

AssetBook ValueDepreciationBasis
Land$0--
Other Assets Org$40,000--
Compensation and Service Providers
Top Officer Pay83rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Verna GrayFounder/executive DirectorFT$242,767$7,335$250,102
Verna Gray--$242,767$7,335$250,102
Christopher PringleAssistant Executive Director/board SecretaryFT$204,863$7,335$212,198
Christopher Pringle--$204,863$7,335$212,198

Board Members and Trustees

NameTitle
Paulo DasilveiraBoard President
Charles Hall JrBoard Member
Rashidah SaburBoard Member
Jacquelyn LakeBoard Memeber
Ian FallstichSchool Business Administrator
Revenue and Support

Revenue Composition

Contributions and Grants
$8,162,396
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$39,919
Change in Net Assets
$494,707

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,202,315
Total Revenue per Audited Statements
$8,202,315
Total Revenue per Form 990
$8,202,315
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,518,458
Other Expenses$2,189,150
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,320,810$761,438$0$3,082,248
Other Employee Benefits$1,085,355$446,613$0$1,531,968
Occupancy$795,360$0$0$795,360
Fees for Services Other$333,862$222,574$0$556,436
Current Officers, Directors, Trustees, and Key Employees$177,814$266,721$0$444,535
Payroll Taxes$191,145$78,654$0$269,799
All Other Expenses$207,188$0$0$207,188
Pension Plan Contributions$75,963$113,945$0$189,908
Fees for Services Accounting$0$62,301$0$62,301
Insurance$46,074$0$0$46,074
Other Expenses$18,278$12,184$0$30,462
Fees for Services Legal$0$14,448$0$14,448
Total Functional Expenses$5,559,275$2,148,333$0$7,707,608

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$7,707,608
Total Expenses per Audited Statements$7,707,608
Total Expenses per Form 990$7,707,608
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
State Aid Payable$14,337
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
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 Gray Charter School
EIN
22-3626543
Phone
9738246661
Address
55 LIBERTY STREET, NEWARK, NJ 07102

Signing Officer

Name
Ian Fallstich
Title
School Business Administrator
Phone
9738246661
Signed
2024-04-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Verna Gray
Formed
1999
Legal Domicile
Nj
Voting Board Members
4
Independent Board Members
4
Employees
46
Volunteers
5

Preparer

Firm
Olugbenga Olabintan CPA Inc
Address
137 CAMDEN ST STE 3, NEWARK, NJ 07103
Preparer
Olugbenga Olabintan CPA
Phone
2012307518
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

“Form 990 is reviewed by the school business administrator, the assistant executive director and the entire board of the charter school before filing with the irs.”

Pt VI, Line 12C

“Conflict of interest disclosure by all members of the board is mandated by the new jersey department of education and new jersey state laws.”

Pt VI, Line 15A

“All annual salaries including salaries of the executive director, assistant executive director and the school business administrator are subject to approval by the board of the charter school.”

Pt VI, Line 15B

“All annual salaries including salaries of the executive director, assistant executive director and the school business administrator are subject to approval by the board of the charter school.”

Pt VI, Line 18

“The charter school makes its forms 1023 and 990 available to the public upon request.”

Pt VI, Line 19

“The charter school makes its governing documents, conflict of interest policy and financial statements available to the public upon request.”

Raw XML AppendixShowing 400 of 462 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/AccountsReceivableGrp/BOYAmt0716156
IRS990/AccountsReceivableGrp/EOYAmt0689792
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0THE CHARTER SCHOOL'S 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.
IRS990/AllOtherExpensesGrp/FundraisingAmt00
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/AllOtherExpensesGrp/ProgramServicesAmt0207188
IRS990/AllOtherExpensesGrp/TotalAmt0207188
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0false
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/PersonNm0GRAY CHARTER SCHOOL
IRS990/BooksInCareOfDetail/PhoneNum09738246661
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt055 LIBERTY STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0NEWARK
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NJ
IRS990/BooksInCareOfDetail/USAddress/ZIPCd007102
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt01781643
IRS990/CashNonInterestBearingGrp/EOYAmt02379352
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt0266721
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0177814
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0444535
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt08162396
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt02189150
IRS990/CYOtherRevenueAmt039919
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0494707
IRS990/CYSalariesCompEmpBnftPaidAmt05518458
IRS990/CYTotalExpensesAmt07707608
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt08202315
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt0120980
IRS990/DeferredRevenueGrp/EOYAmt0255351
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/Desc0THE CHARTER SCHOOL PROVIDES A FULL RANGE OF EDUCATIONAL SERVICES APPROPRIATE TO GRADE LEVELS K TO 8. THE SERVICES (THAT INCLUDE SPECIAL EDUCATION STUDENTS) ARE PROVIDED WITH THE GOAL OF ACHIEVING HIGH LEVEL OF EXCELLENCE, IMPROVE STUDENT ACHIEVEMENTS AND BROADEN THE BASE OF THE COMMUNITY. DURING THE YEAR ENDED JUNE 30, 2023, THE CHARTER SCHOOL HAD ENROLLMENT OF APPROXIMATELY 337 STUDENTS IN GRADES K TO 8.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt046
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt05559275
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditPerformedInd0true
IRS990/FederalGrantAuditRequiredInd0true
IRS990/FeesForServicesAccountingGrp/FundraisingAmt00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt062301
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt00
IRS990/FeesForServicesAccountingGrp/TotalAmt062301
IRS990/FeesForServicesLegalGrp/FundraisingAmt00
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt014448
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt00
IRS990/FeesForServicesLegalGrp/TotalAmt014448
IRS990/FeesForServicesOtherGrp/FundraisingAmt00
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt0222574
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0333862
IRS990/FeesForServicesOtherGrp/TotalAmt0556436
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt435.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt535.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt610.00
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/KeyEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/KeyEmployeeInd1X
IRS990/Form990PartVIISectionAGrp/KeyEmployeeInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt47335
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt57335
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/PersonNm0PAULO DASILVEIRA
IRS990/Form990PartVIISectionAGrp/PersonNm1RASHIDAH SABUR
IRS990/Form990PartVIISectionAGrp/PersonNm2JACQUELYN LAKE
IRS990/Form990PartVIISectionAGrp/PersonNm3CHARLES HALL JR
IRS990/Form990PartVIISectionAGrp/PersonNm4VERNA GRAY
IRS990/Form990PartVIISectionAGrp/PersonNm5CHRISTOPHER PRINGLE
IRS990/Form990PartVIISectionAGrp/PersonNm6IAN FALLSTICH
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt4242767
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt5204863
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD MEMEBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4FOUNDER/EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5ASSISTANT EXECUTIVE DIRECTOR/BOARD SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt6SCHOOL BUSINESS ADMINISTRATOR
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01999
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt04
IRS990/GovernmentGrantsAmt08162396
IRS990/GrantAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt08202315
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt04
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/FundraisingAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt00
IRS990/InsuranceGrp/ProgramServicesAmt046074
IRS990/InsuranceGrp/TotalAmt046074
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt015
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LandBldgEquipCostOrOtherBssAmt00
IRS990/LegalDomicileStateCd0NJ
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0THE CHARTER SCHOOL'S 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.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt02556895
IRS990/NetAssetsOrFundBalancesEOYAmt03051602
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt02556895
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt03051602
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt00
IRS990/OccupancyGrp/ManagementAndGeneralAmt00
IRS990/OccupancyGrp/ProgramServicesAmt0795360
IRS990/OccupancyGrp/TotalAmt0795360
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt040000
IRS990/OtherAssetsTotalGrp/EOYAmt040000
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0446613
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt01085355
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01531968
IRS990/OtherExpensesGrp/Desc0MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc1SUPPLIES
IRS990/OtherExpensesGrp/Desc2STUDENT TRANSPORTATION
IRS990/OtherExpensesGrp/Desc3COMMUNICATION/TELEPHONE
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/FundraisingAmt30
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt088715
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt180740
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt312184
IRS990/OtherExpensesGrp/ProgramServicesAmt027534
IRS990/OtherExpensesGrp/ProgramServicesAmt1268707
IRS990/OtherExpensesGrp/ProgramServicesAmt211185
IRS990/OtherExpensesGrp/ProgramServicesAmt318278
IRS990/OtherExpensesGrp/TotalAmt0116249
IRS990/OtherExpensesGrp/TotalAmt1349447
IRS990/OtherExpensesGrp/TotalAmt211185
IRS990/OtherExpensesGrp/TotalAmt330462
IRS990/OtherLiabilitiesGrp/BOYAmt077924
IRS990/OtherLiabilitiesGrp/EOYAmt014337
IRS990/OtherRevenueMiscGrp/BusinessCd0611110
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/ExclusionAmt00
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt039919
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt039919
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt00
IRS990/OtherRevenueTotalAmt039919
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0761438
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02320810
IRS990/OtherSalariesAndWagesGrp/TotalAmt03082248
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt078654
IRS990/PayrollTaxesGrp/ProgramServicesAmt0191145
IRS990/PayrollTaxesGrp/TotalAmt0269799
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0113945
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt075963
IRS990/PensionPlanContributionsGrp/TotalAmt0189908
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0VERNA GRAY
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611110
IRS990/ProgramServiceRevenueGrp/Desc0FOOD SERVICES
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt07470469
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt01858412
IRS990/PYOtherRevenueAmt030143
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0610452
IRS990/PYSalariesCompEmpBnftPaidAmt05031748
IRS990/PYTotalExpensesAmt06890160
IRS990/PYTotalRevenueAmt07500612
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0494707
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0218000
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0212146
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/ExpensesSubtotalAmt07707608
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt040000
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt014337
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0STATE AID PAYABLE
IRS990ScheduleD/RevenueSubtotalAmt08202315
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt040000
IRS990ScheduleD/TotalExpensesPerForm990Amt07707608
IRS990ScheduleD/TotalLiabilityAmt014337
IRS990ScheduleD/TotalRevenuePerForm990Amt08202315
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt08202315
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt07707608
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE CHARTER SCHOOL'S NONDISCRIMINATORY POLICY IS NOTED AT THE BOTTOM OF FLYERS DISTRIBUTED FOR RECRUITMENT PURPOSES. IT IS NOTED IN RADIO BROADCAST AND THROUGH TELEVISION ADS, AS WELL AS IN NEWSPAPER ADS.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE CHARTER SCHOOL IS PRIMARILY FUNDED BY THE NEW JERSEY DEPARTMENT OF EDUCATION. THE CHARTER SCHOOL'S RIGHT TO SUCH AID HAS NEVER BEEN REVOKED OR SUSPENDED.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Line 6b
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/Form990OfOtherOrganizationsInd0X
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0242767
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1204863
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt07335
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt17335
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0VERNA GRAY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1CHRISTOPHER PRINGLE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0250102
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1212198
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt10
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS REVIEWED BY THE SCHOOL BUSINESS ADMINISTRATOR, THE ASSISTANT EXECUTIVE DIRECTOR AND THE ENTIRE BOARD OF THE CHARTER SCHOOL BEFORE FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CONFLICT OF INTEREST DISCLOSURE BY ALL MEMBERS OF THE BOARD IS MANDATED BY THE NEW JERSEY DEPARTMENT OF EDUCATION AND NEW JERSEY STATE LAWS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL ANNUAL SALARIES INCLUDING SALARIES OF THE EXECUTIVE DIRECTOR, ASSISTANT EXECUTIVE DIRECTOR AND THE SCHOOL BUSINESS ADMINISTRATOR ARE SUBJECT TO APPROVAL BY THE BOARD OF THE CHARTER SCHOOL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL ANNUAL SALARIES INCLUDING SALARIES OF THE EXECUTIVE DIRECTOR, ASSISTANT EXECUTIVE DIRECTOR AND THE SCHOOL BUSINESS ADMINISTRATOR ARE SUBJECT TO APPROVAL BY THE BOARD OF THE CHARTER SCHOOL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE CHARTER SCHOOL MAKES ITS FORMS 1023 AND 990 AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE CHARTER SCHOOL MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt VI, Line 19
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NJ
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02755799
IRS990/TotalAssetsEOYAmt03321290
IRS990/TotalAssetsGrp/BOYAmt02755799
IRS990/TotalAssetsGrp/EOYAmt03321290
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalContributionsAmt08162396
IRS990/TotalEmployeeCnt046
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt02148333
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt05559275
IRS990/TotalFunctionalExpensesGrp/TotalAmt07707608
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0198904
IRS990/TotalLiabilitiesEOYAmt0269688
IRS990/TotalLiabilitiesGrp/BOYAmt0198904

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,321,290
Liabilities
$269,688
Net assets
$3,051,602
Revenue
$8,202,315
Expenses
$7,707,608
Net income
$494,707
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