Civic Intelligence

Rochester Academy Charter School

990 • Fiscal year 2014 • EIN 26-2041512

Jul 01, 2013 to Jun 30, 2014 • Filed on Jan 20, 2015

Organization Profilerochester-academy.org

View Organization Page

841 Genesee Street14611

(585) 235-4141

Siviq Scores

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

Liabilities / Assets

62nd percentile

0.27x

Higher debt load relative to assets than 62% of similar nonprofits.

2014 filings • NTEE B • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

57th percentile

0.12x

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

2014 filings • NTEE B • $1M-$5M nonprofits • Source year 2014

Net Margin

23rd percentile

-3.3%

Higher net margin than 23% of similar nonprofits.

2014 filings • NTEE B • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

63rd percentile

$97,677

Higher top officer pay than 63% of similar nonprofits.

Top officer pay equals 2.4% of source-year revenue.

2014 filings • NTEE B • $1M-$5M nonprofits • Source year 2014

Asset Growth

29th percentile

-1.6%

Faster asset growth than 29% of similar nonprofits.

2014 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Balance Sheet
Liabilities / Assets62nd percentile

Assets

Down

$1,814,329

Down $29,962 (-1.6%) from 2013

Net Assets

Down

$1,318,425

Down $132,331 (-9.1%) from 2013

Liabilities

Up

$495,904

Up $102,369 (+26%) from 2013

Revenue And Expenses
Liabilities / Revenue57th percentileNet Margin23rd percentile

Revenue

$4,018,881

No earlier filing loaded for comparison.

Expenses

Up

$4,151,212

Up $490,034 (+13%) from 2013

Net Income

-$132,331

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth29th percentile

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

$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

2014

Assets$1,814,329
Liabilities$495,904
Net Assets$1,318,425
Open 2014 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this 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

2014

Revenue$4,018,881
Expenses$4,151,212
Net Income-$132,331
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Jan 20, 2015
Return Version
2013v4.0
Gross Receipts
$4,018,881
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.

Provide students in grades seven through twelve with rigorous, challenging academics.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,028,957$967,641▼ $61,316
Savings and Temporary Cash Investments$346,072$346,262▲ $190
Land, Buildings, and Equipment, Net$282,059$201,071▼ $80,988
Prepaid Expenses and Deferred Charges$32,052$118,784▲ $86,732
Accounts Receivable$95,795$95,761▼ $34
Pledges and Grants Receivable$30,199$62,598▲ $32,399
Inventories for Sale or Use$13,736$6,791▼ $6,945
Total Assets$1,844,291$1,814,329▼ $29,962
Other Assets Total$15,421$15,421→ $0
Liabilities
Accounts Payable and Accrued Expenses$390,620$493,151▲ $102,531
Escrow Account Liability$2,915$2,753▼ $162
Total Liabilities$393,535$495,904▲ $102,369
Net Assets / Fund Balance
Unrestricted Net Assets$1,450,756$1,318,425▼ $132,331
Total Net Assets Fund Balance$1,450,756$1,318,425▼ $132,331
Total Liabilities and Net Assets / Fund Balance$1,844,291$1,814,329▼ $29,962

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$201,071$384,901$585,972
Compensation and Service Providers
Top Officer Pay63rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mehmet DemirtasPrincipalFT$83,392$14,285$97,677
Abdulhasip BilgeBusiness Manager (7/1-10/4)FT$57,262$10,133$67,395
Demir OzcanBusiness Manager (9/23-6/30)FT$16,948$6,286$23,234

Board Members and Trustees

NameTitle
Mahmut GedemenliPresident
Crystal Mendoza-PaulinMember
Gungor AktasMember
Mustafa GulerMember
Yusuf BilgicMember
Dr William MiddletonSecretary
Cheryl SampsonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$212,929
Program Service Revenue
$3,802,668
Investment Income
$190
Other Revenue
$3,094
All Other Contributions
$5,934
Change in Net Assets
$-132,331

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,018,881
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$4,018,881
Total Revenue per Form 990
$4,018,881
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,811,005
Other Expenses$1,340,207
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,770,379$132,160-$1,902,539
Occupancy$474,208$52,690-$526,898
Other Employee Benefits$274,564$22,816-$297,380
Current Officers, Directors, Trustees, and Key Employees-$236,548-$236,548
Pension Plan Contributions$214,048$8,438-$222,486
Fees for Services Other$156,775$23,259-$180,034
Payroll Taxes$129,180$22,872-$152,052
Depreciation Depletion$83,517$9,280-$92,797
Office Expenses$19,458$33,095-$52,553
Insurance$47,193$5,244-$52,437
Conferences and Meetings$47,332--$47,332
All Other Expenses$24,775$16,710-$41,485
Advertising-$32,705-$32,705
Fees for Services Legal-$15,298-$15,298
Other Expenses$13,574$1,508-$15,082
Total Functional Expenses$3,534,016$617,196$0$4,151,212

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,151,212
Total Expenses per Audited Statements$4,151,212
Total Expenses per Form 990$4,151,212
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
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 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, 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 11

“The Principal and Business Manager 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 15A

“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 director. In addition they surveyed the pay schedule for a director position in other charter schools. They analyzed the data with the existing budget and determined the director's compensation. There were no key employees or other officers compensated, but if there were RACS would use similar procedures.”

Form 990, Part VI, Section C, line 19

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

Filing and Contact Details

Filer

EIN
26-2041512
Phone
5852354141

Signing Officer

Name
Mahmut Gedemenli
Title
President
Phone
5852354141
Signed
2015-01-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mahmut Gedemenli
Formed
2008
Legal Domicile
Ny
Voting Board Members
7
Independent Board Members
7
Employees
104
Volunteers
7

Preparer

Preparer
Brenda Smith
Phone
5852322956
Supplemental Narrative

Financial Statement Notes

Part IV, Line 2B:

“The School holds funds for school clubs and activities.”

Part X, Line 2:

“Accounting standards require entities to disclose in their financial statements the nature of any uncertain tax positions. Tax years including the year ended June 30, 2011 and later are subject to examination by tax authorities. Areas that IRS and state tax authorities consider when examining tax returns of a charity include, but may not be limited to, tax-exempt status and the existence and amount of unrelated business income. The School does not believe that it has any uncertain tax positions with respect to these or other matters, and has not recorded any unrecognized tax benefits or liability for penalties or interest. The School is not aware of any circumstances or events that make it reasonably possible that tax benefits may increase or decrease within 12 months of the date of these financial statements.”

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IRS990/Desc0EDUCATION: The School curriculum is focused on mathematics and sciences. The School also integrates multi-cultural themes into the curriculum through not only geography and foreign languages but through each subject area. All courses align with the New York State Learning Standards.In addition the school generated $206,995 in government contributions included on form 990, Page 9, Part VIII, line 1e, this includes $6,619 in non-cash aid in the form of textbooks and hardware included on form 990, Page 9, Part VIII, line 1g.
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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/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt015421
IRS990/OtherAssetsTotalGrp/EOYAmt015421
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt022816
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0274564
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0297380
IRS990/OtherExpensesGrp/Desc0Classroom Supplies
IRS990/OtherExpensesGrp/Desc1Field Trips and Extra C
IRS990/OtherExpensesGrp/Desc2Maintenance and Repairs
IRS990/OtherExpensesGrp/Desc3Equipment Rental
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt04573
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11508
IRS990/OtherExpensesGrp/ProgramServicesAmt0183781
IRS990/OtherExpensesGrp/ProgramServicesAmt154080
IRS990/OtherExpensesGrp/ProgramServicesAmt241152
IRS990/OtherExpensesGrp/ProgramServicesAmt313574
IRS990/OtherExpensesGrp/TotalAmt0183781
IRS990/OtherExpensesGrp/TotalAmt154080
IRS990/OtherExpensesGrp/TotalAmt245725
IRS990/OtherExpensesGrp/TotalAmt315082
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0Other Income
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt03094
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt03094
IRS990/OtherRevenueTotalAmt03094
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0132160
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01770379
IRS990/OtherSalariesAndWagesGrp/TotalAmt01902539
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt022872
IRS990/PayrollTaxesGrp/ProgramServicesAmt0129180
IRS990/PayrollTaxesGrp/TotalAmt0152052
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt08438
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0214048
IRS990/PensionPlanContributionsGrp/TotalAmt0222486
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt030199
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt062598
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt032052
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0118784
IRS990/PrincipalOfficerNm0Mahmut Gedemenli
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611110
IRS990/ProgramServiceRevenueGrp/BusinessCd1611110
IRS990/ProgramServiceRevenueGrp/Desc0Resident Student Enrol
IRS990/ProgramServiceRevenueGrp/Desc1Special Education
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt03798941
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt13727
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03798941
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt13727
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0189780
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0797
IRS990/PYOtherExpensesAmt01092671
IRS990/PYOtherRevenueAmt0804
IRS990/PYProgramServiceRevenueAmt03762763
IRS990/PYRevenuesLessExpensesAmt0292966
IRS990/PYSalariesCompEmpBnftPaidAmt02568507
IRS990/PYTotalExpensesAmt03661178
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03954144
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-132331
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt03805762
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0346072
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0346262
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt0201071
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0384901
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0585972
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt04151212
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt04018881
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The School holds funds for school clubs and activities.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Accounting standards require entities to disclose in their financial statements the nature of any uncertain tax positions. Tax years including the year ended June 30, 2011 and later are subject to examination by tax authorities. Areas that IRS and state tax authorities consider when examining tax returns of a charity include, but may not be limited to, tax-exempt status and the existence and amount of unrelated business income. The School does not believe that it has any uncertain tax positions with respect to these or other matters, and has not recorded any unrecognized tax benefits or liability for penalties or interest. The School is not aware of any circumstances or events that make it reasonably possible that tax benefits may increase or decrease within 12 months of the date of these financial statements.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part IV, Line 2b:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0201071
IRS990ScheduleD/TotalExpensesPerForm990Amt04151212
IRS990ScheduleD/TotalRevenuePerForm990Amt04018881
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04018881
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04151212
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0Statement is published on all brochures and any public documents. It is also published on the RACS website.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1The School receives basic charter school tuition and textbook, library, software and hardware aid from the New York State Department of Education. They also receive E-Rate grant, Title 1 and Title 2 funding from the Federal Government.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Part I, Line 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0There are no other committees with authority to act on behalf of the governing body.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Principal and Business Manager reviewed Form 990, and then the full board reviewed it and approved prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Board 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3When 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 director. In addition they surveyed the pay schedule for a director position in other charter schools. They analyzed the data with the existing budget and determined the director's compensation. There were no key employees or other officers compensated, but if there were RACS would use similar procedures.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The School makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, line 19
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01844291
IRS990/TotalAssetsEOYAmt01814329
IRS990/TotalAssetsGrp/BOYAmt01844291
IRS990/TotalAssetsGrp/EOYAmt01814329
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0212929
IRS990/TotalEmployeeCnt0104
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0617196
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03534016
IRS990/TotalFunctionalExpensesGrp/TotalAmt04151212
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0393535
IRS990/TotalLiabilitiesEOYAmt0495904
IRS990/TotalLiabilitiesGrp/BOYAmt0393535
IRS990/TotalLiabilitiesGrp/EOYAmt0495904
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01450756
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01318425
IRS990/TotalOtherCompensationAmt030704
IRS990/TotalProgramServiceExpensesAmt03534016
IRS990/TotalProgramServiceRevenueAmt03802668
IRS990/TotalReportableCompFromOrgAmt0157602
IRS990/TotalRevenueGrp/ExclusionAmt0190
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03805762
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt04018881
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt07

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,814,329
Liabilities
$495,904
Net assets
$1,318,425
Revenue
$4,018,881
Expenses
$4,151,212
Net income
-$132,331
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