Civic Intelligence

Rochester Academy Charter School

EIN 26-2041512 • 501(c)3 • Rochester, NY

Profile

The mission of the Rochester Academy Charter School (RACS) is to provide students with rigorous, challenging academics through hands-on, meaningful learning opportunities that will provide students with the skills necessary to be successful academically, socially, and emotionally.

310 Hinchey RdRochester, NY 14624

www.racschool.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

51st percentile

0.19x

Higher debt load relative to assets than 51% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Liabilities / Revenue

55th percentile

0.27x

Higher debt load relative to revenue than 55% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Net Margin

35th percentile

-0.1%

Higher net margin than 35% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Top Officer Pay

49th percentile

$168,366

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 1.2% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Asset Growth

64th percentile

9.8%

Faster asset growth than 64% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2025

Revenue Growth

32nd percentile

-0.4%

Faster revenue growth than 32% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2025

Assets

Up

$19,768,098

Up $374,077 (+1.9%) from 2024

Liabilities

Up

$3,764,208

Up $349,391 (+10%) from 2024

Net Assets

Up

$16,003,890

Up $24,686 (+0.2%) from 2024

Revenue

Down

$13,804,032

Down $2,504,442 (-15%) from 2024

Expenses

Up

$13,815,142

Up $388,322 (+2.9%) from 2024

Net Income

Down

-$11,110

Down $2,892,764 (-100%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$20M$15M$10M$5.0M$0Assets 2010: $514,010Liabilities 2010: $148,548Net Assets 2010: $365,4622010Assets 2011: $1,083,946Liabilities 2011: $232,943Net Assets 2011: $851,0032011Assets 2012: $1,452,444Liabilities 2012: $294,654Net Assets 2012: $1,157,7902012Assets 2013: $1,844,291Liabilities 2013: $393,535Net Assets 2013: $1,450,7562013Assets 2014: $1,814,329Liabilities 2014: $495,904Net Assets 2014: $1,318,4252014Assets 2015: $1,924,717Liabilities 2015: $422,773Net Assets 2015: $1,501,9442015Assets 2016: $1,626,410Liabilities 2016: $384,590Net Assets 2016: $1,241,8202016Assets 2017: $3,480,495Liabilities 2017: $2,357,736Net Assets 2017: $1,122,7592017Assets 2018: $3,859,130Liabilities 2018: $2,315,467Net Assets 2018: $1,543,6632018Assets 2019: $5,057,356Liabilities 2019: $2,456,286Net Assets 2019: $2,601,0702019Assets 2020: $7,887,509Liabilities 2020: $3,524,595Net Assets 2020: $4,362,9142020Assets 2021: $11,365,356Liabilities 2021: $3,330,094Net Assets 2021: $8,035,2622021Assets 2022: $14,926,411Liabilities 2022: $3,910,372Net Assets 2022: $11,016,0392022Assets 2023: $19,450,095Liabilities 2023: $6,352,545Net Assets 2023: $13,097,5502023Assets 2024: $19,394,021Liabilities 2024: $3,414,817Net Assets 2024: $15,979,2042024Assets 2025: $19,768,098Liabilities 2025: $3,764,208Net Assets 2025: $16,003,8902025

Highlighted filing

2025

Assets$19,768,098
Liabilities$3,764,208
Net Assets$16,003,890

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$20M$15M$10M$5.0M$0-$5.0MExpenses 2010: $2,386,8742010Expenses 2011: $2,923,7682011Expenses 2012: $3,329,3152012Expenses 2013: $3,661,1782013Revenue 2014: $4,018,881Expenses 2014: $4,151,212Net Income 2014: -$132,3312014Revenue 2015: $4,520,155Expenses 2015: $4,336,636Net Income 2015: $183,5192015Revenue 2016: $4,848,127Expenses 2016: $5,108,251Net Income 2016: -$260,1242016Revenue 2017: $4,923,934Expenses 2017: $5,042,995Net Income 2017: -$119,0612017Revenue 2018: $5,783,145Expenses 2018: $5,362,241Net Income 2018: $420,9042018Revenue 2019: $8,261,461Expenses 2019: $7,204,054Net Income 2019: $1,057,4072019Revenue 2020: $9,823,638Expenses 2020: $8,061,794Net Income 2020: $1,761,8442020Revenue 2021: $12,589,969Expenses 2021: $8,917,621Net Income 2021: $3,672,3482021Revenue 2022: $13,951,799Expenses 2022: $10,971,022Net Income 2022: $2,980,7772022Revenue 2023: $15,087,377Expenses 2023: $12,923,404Net Income 2023: $2,163,9732023Revenue 2024: $16,308,474Expenses 2024: $13,426,820Net Income 2024: $2,881,6542024Revenue 2025: $13,804,032Expenses 2025: $13,815,142Net Income 2025: -$11,1102025

Highlighted filing

2025

Revenue$13,804,032
Expenses$13,815,142
Net Income-$11,110

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$19.8$3.76$16.0$13.8$13.8$0.01
2024Detailed filing. Detailed filing data is available for this year.$19.4$3.41$16.0$16.3$13.4$2.88
2023Detailed filing. Detailed filing data is available for this year.$19.5$6.35$13.1$15.1$12.9$2.16
2022Detailed filing. Detailed filing data is available for this year.$14.9$3.91$11.0$14.0$11.0$2.98
2021Detailed filing. Detailed filing data is available for this year.$11.4$3.33$8.04$12.6$8.92$3.67
2020Detailed filing. Detailed filing data is available for this year.$7.89$3.52$4.36$9.82$8.06$1.76
2019Detailed filing. Detailed filing data is available for this year.$5.06$2.46$2.60$8.26$7.20$1.06
2018Detailed filing. Detailed filing data is available for this year.$3.86$2.32$1.54$5.78$5.36$0.42
2017Detailed filing. Detailed filing data is available for this year.$3.48$2.36$1.12$4.92$5.04$0.12
2016Detailed filing. Detailed filing data is available for this year.$1.63$0.38$1.24$4.85$5.11$0.26
2015Detailed filing. Detailed filing data is available for this year.$1.92$0.42$1.50$4.52$4.34$0.18
2014Detailed filing. Detailed filing data is available for this year.$1.81$0.50$1.32$4.02$4.15$0.13
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.84$0.39$1.45$3.66
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.45$0.29$1.16$3.33
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.08$0.23$0.85$2.92
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.51$0.15$0.37$2.39
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Jan 27, 2026
Return Version
2024v5.5
Gross Receipts
$13,804,032
Mission and Program Overview

Mission

The mission of the Rochester Academy Charter School (RACS) is to provide students with rigorous, challenging academics through hands-on, meaningful learning opportunities that will provide students with the skills necessary to be successful academically, socially, and emotionally.

The mission of the Rochester Academy Charter School(RACS) is to prepare the whole child for a rapidly changingworld by cultivating the knowledge, critical thinking skills andpersonal character to succeed in college or a career of choice. RACS is committed to creating an environment of respect andinclusion that both acknowledges and supports the diversity ofthe RACS school community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$10,990,628$11,954,993▲ $964,365
Cash and Non-Interest-Bearing Accounts$7,181,587$5,023,064▼ $2,158,523
Investments Other Securities-$1,795,796-
Prepaid Expenses and Deferred Charges$429,273$451,182▲ $21,909
Accounts Receivable$151,574$238,487▲ $86,913
Pledges and Grants Receivable$510,142$125,356▼ $384,786
Inventories for Sale or Use$9,305$0▼ $9,305
Savings and Temporary Cash Investments$2$2→ $0
Total Assets$19,394,021$19,768,098▲ $374,077
Other Assets Total$121,510$179,218▲ $57,708
Liabilities
Accounts Payable and Accrued Expenses$1,629,099$2,213,677▲ $584,578
Mortgage Notes Payable Secured by Investment Property$1,664,208$1,473,688▼ $190,520
Other Liabilities$121,510$76,843▼ $44,667
Total Liabilities$3,414,817$3,764,208▲ $349,391
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$15,979,204$16,003,890▲ $24,686
Total Net Assets Fund Balance$15,979,204$16,003,890▲ $24,686
Total Liabilities and Net Assets / Fund Balance$19,394,021$19,768,098▲ $374,077

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$7,572,919$413,337$7,986,256
Buildings$3,200,624$923,650$4,124,274
Equipment$284,929$1,180,582$1,465,511
Other Land Buildings$342,921$212,542$555,463
Land$553,600-$553,600
Other Securities$1,795,796--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mehmet DemirtasDirector/CEOFT$128,954$39,412$168,366
Demir OzcanBusiness AdministratorFT$112,106$37,738$149,844

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,214,565
Program Service Revenue
$12,278,367
Investment Income
$293,466
Other Revenue
$17,634
All Other Contributions
$174,198
Change in Net Assets
$-11,110

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Books and Publications-$51,343Fair Market Value
Other Non Cash Contri Table1$31,965Fair Market Value
Total Noncash Contributions1$83,308-

Audited Revenue Reconciliation

Revenue per Audited Statements
$13,804,032
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$35,796
Total Revenue per Audited Statements
$13,839,828
Total Revenue per Form 990
$13,804,032
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$10,258,128
Other Expenses$3,557,014
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$6,452,842$948,805-$7,401,647
Other Employee Benefits$1,149,586$157,249-$1,306,835
Occupancy$795,642$59,888-$855,530
Fees for Services Other$737,424$41,945-$779,369
Pension Plan Contributions$568,236$81,144-$649,380
Depreciation Depletion$575,924$43,349-$619,273
Payroll Taxes$477,592$88,904-$566,496
Current Officers, Directors, Trustees, and Key Employees-$333,770-$333,770
Insurance$269,395$20,277-$289,672
Office Expenses$274,018$9,687-$283,705
Information Technology$155,615$11,713-$167,328
Interest$54,671$5,407-$60,078
Fees for Services Legal-$52,577-$52,577
Fees for Services Accounting-$17,040-$17,040
Other Expenses$4,644$5,238-$9,882
Advertising$6,712$505-$7,217
Total Functional Expenses$11,937,644$1,877,498$0$13,815,142

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$13,815,142
Total Expenses per Audited Statements$13,815,142
Total Expenses per Form 990$13,815,142
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
Operating Lease Liabilities$76,843
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 8B

There are no other committees with authority to act on behalf of the governing body.

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

The Director and Business Administrator reviewed Form 990, and then the full board reviewed it and approved prior to filing.

Form 990, Part VI, Section B, line 12C

Board members are aware that the School should be notified of any conflicts that arise during the year. The board members are also required to sign conflict of interest policies and these are sent annually to the NYS Education Department.

Form 990, Part VI, Section B, line 15

When the board members established RACS' charter, they reviewed samples of the charters which had been approved by State Education Department. The charter samples included the compensation for the directors. The board used that information as one of the factors in determining the compensation for the Principal and Business Manager. In addition they surveyed the pay schedule for these positions in other charter schools. They analyzed the data with the existing budget and determined the compensation. There were no key employees or other officers compensated aside from the Principal and Business Manager, but if there were RACS would use similar procedures.

Form 990, Part VI, Section C, line 19

Prior year financial statements are made available on the website, governing documents and conflict of interest policy is available upon request.

Filing and Contact Details

Filer

Filer Name
Rochester Academy Charter School
EIN
26-2041512
Phone
5852350135
Address
310 Hinchey Rd, Rochester, NY 14624

Signing Officer

Name
Cheryl Sampson
Title
Treasurer
Phone
5852350135
Signed
2026-01-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr William Middleton
Formed
2008
Legal Domicile
Ny
Voting Board Members
7
Independent Board Members
7
Employees
212
Volunteers
7

Preparer

Firm
Heveron & Company CPAs PLLC
Address
260 Plymonth Avenue South, Rochester, NY 14608
Preparer
Jeanne Beutner
Phone
5852322956
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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/PersonNm0Dr William Middleton
IRS990/Form990PartVIISectionAGrp/PersonNm1Joann Santos
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IRS990/MissionDesc0The mission of the Rochester Academy Charter School (RACS) is to provide students with rigorous, challenging academics through hands-on, meaningful learning opportunities that will provide students with the skills necessary to be successful academically, socially, and emotionally.
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IRS990/PrincipalOfficerNm0Dr William Middleton
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IRS990/ProgSrvcAccomActy2Grp/Desc0SPECIAL EDUCATION: The School is open to all children and does not discriminate on the basis of ethnicity, national origin, gender, disability, or any other grounds that would be unlawful or deny the civil rights of any individual. In accordance with the Individuals with Disabilities Education Act, the Rehabilitation Act, and Section 504, and the Americans with Disabilities Act, the School provides a free and appropriate education, in the least restrictive environment to students with disabilities. The primary service delivery for students with special needs is inclusion.In addition the school generated $108,981 in government contributions included on form 990, Page 9, Part VIII, line 1e.
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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0Statement is published on all brochures and any public documents. It is also published on the RACS website.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt11. Title I, II, and IV Federal Government Grants 2. Per pupil student aid, which is formula driven for regular education and special education 3. Textbook and Software Aid 4. E-Rate Grant 5. Individuals with Disabilities Education Act Federal Funding 6. CARES Act funding
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IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Part I, Line 6
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