Civic Intelligence

Rochester Academy Charter School

990 • Fiscal year 2018 • EIN 26-2041512

Jul 01, 2017 to Jun 30, 2018 • Filed on Dec 20, 2018

Organization Profilewww.racschool.com

View Organization Page

841 Genesee StreetRochester, NY 14611

(585) 235-4141

Siviq Scores

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

Liabilities / Assets

67th percentile

0.60x

Higher debt load relative to assets than 67% of similar nonprofits.

2018 filings • NTEE B • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

65th percentile

0.40x

Higher debt load relative to revenue than 65% of similar nonprofits.

2018 filings • NTEE B • $5M-$10M nonprofits • Source year 2018

Net Margin

62nd percentile

7.3%

Higher net margin than 62% of similar nonprofits.

2018 filings • NTEE B • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

44th percentile

$121,071

Higher top officer pay than 44% of similar nonprofits.

Top officer pay equals 2.1% of source-year revenue.

2018 filings • NTEE B • $5M-$10M nonprofits • Source year 2018

Asset Growth

67th percentile

11%

Faster asset growth than 67% of similar nonprofits.

2018 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

72nd percentile

17%

Faster revenue growth than 72% of similar nonprofits.

2018 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets67th percentile

Assets

Up

$3,859,130

Up $378,635 (+11%) from 2017

Net Assets

Up

$1,543,663

Up $420,904 (+37%) from 2017

Liabilities

Down

$2,315,467

Down $42,269 (-1.8%) from 2017

Revenue And Expenses
Liabilities / Revenue65th percentileNet Margin62nd percentile

Revenue

Up

$5,783,145

Up $859,211 (+17%) from 2017

Expenses

Up

$5,362,241

Up $319,246 (+6.3%) from 2017

Net Income

Up

$420,904

Up $539,965 (+454%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth67th 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

2018

Assets$3,859,130
Liabilities$2,315,467
Net Assets$1,543,663
Open 2018 Filing

Operations Trend

Revenue Growth72nd percentile

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

2018

Revenue$5,783,145
Expenses$5,362,241
Net Income$420,904
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Dec 20, 2018
Return Version
2017v2.3
Gross Receipts
$5,799,726
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 six through twelve with rigorous, challenging academics.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,949,558$2,835,894▼ $113,664
Cash and Non-Interest-Bearing Accounts$19,061$526,424▲ $507,363
Prepaid Expenses and Deferred Charges$99,551$167,551▲ $68,000
Accounts Receivable$255,276$146,609▼ $108,667
Pledges and Grants Receivable$65,242$88,551▲ $23,309
Savings and Temporary Cash Investments$75,002$77,296▲ $2,294
Inventories for Sale or Use$9,305$9,305→ $0
Total Assets$3,480,495$3,859,130▲ $378,635
Other Assets Total$7,500$7,500→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,978,502$1,849,470▼ $129,032
Accounts Payable and Accrued Expenses$379,234$465,997▲ $86,763
Total Liabilities$2,357,736$2,315,467▼ $42,269
Net Assets / Fund Balance
Unrestricted Net Assets$1,122,759$1,543,663▲ $420,904
Total Net Assets Fund Balance$1,122,759$1,543,663▲ $420,904
Total Liabilities and Net Assets / Fund Balance$3,480,495$3,859,130▲ $378,635

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,349,968$92,656$2,442,624
Equipment$350,546$614,908$965,454
Other Land Buildings$35,380$278,901$314,281
Land$100,000-$100,000
Compensation and Service Providers
Top Officer Pay44th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mehmet DemirtasPrincipalFT$94,096$26,975$121,071
Demir OzcanBusiness ManagerFT$83,796$25,866$109,662

Board Members and Trustees

NameTitle
Mahmut GedemenliPresident
Joann SantosVice Chair
Dr Kijani CrawfordMember
Jean CalderMember
Yusuf BilgicMember
Dr William MiddletonSecretary
Mustafa GulerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$345,156
Program Service Revenue
$5,434,989
Investment Income
$2,298
Other Revenue
$702
Change in Net Assets
$420,904

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
Other Non Cash Contri Table1$33,710Fair Market Value
Books and Publications-$22,430Fair Market Value
Other Non Cash Contri Table1$12,816Fair Market Value
Total Noncash Contributions2$68,956-

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,799,726
Revenue Not Reported on Financial Statements
$-16,581
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$-16,581
Total Revenue per Audited Statements
$5,799,726
Total Revenue per Form 990
$5,783,145
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,707,486
Other Expenses$1,654,755
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,021,041$602,152-$2,623,193
Occupancy$517,861$57,622-$575,483
Other Employee Benefits$352,509$101,020-$453,529
Depreciation Depletion$226,041$25,116-$251,157
Current Officers, Directors, Trustees, and Key Employees-$231,872-$231,872
Pension Plan Contributions$158,835$43,848-$202,683
Payroll Taxes$141,509$54,700-$196,209
Office Expenses$115,085$25,253-$140,338
Fees for Services Other$95,971$29,072-$125,043
Interest$87,333$9,704-$97,037
Information Technology$86,486$9,609-$96,095
Insurance$78,945$8,772-$87,717
Advertising$9,975$39,901-$49,876
Conferences and Meetings$42,974--$42,974
All Other Expenses$4,268$18,243-$22,511
Fees for Services Legal-$15,403-$15,403
Other Expenses$7,818--$7,818
Travel$3,524--$3,524
Total Functional Expenses$4,089,954$1,272,287$0$5,362,241

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$5,378,822
Expenses per Audited Statements$5,362,241
Total Expenses per Form 990$5,362,241
Expenses Not Reported on Form 990$16,581
Expenses Not Reported on Financial Statements$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
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 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 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

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

Filing and Contact Details

Filer

Filer Name
Rochester Academy Charter School
EIN
26-2041512
Phone
5852354141
Address
841 Genesee Street, Rochester, NY 14611

Signing Officer

Name
Dr William Middleton
Title
President
Phone
5852354141
Signed
2018-12-20
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
91
Volunteers
7

Preparer

Firm
Heveron & Company CPAs PLLC
Address
260 Plymouth Avenue South, Rochester, NY 14608
Preparer
Jeanne Beutner
Phone
5852322956
Supplemental Narrative

Financial Statement Notes

Part XI, Line 4B - Other Adjustments:

“Cost of Goods Sold -16,581.”

Part XII, Line 2D - Other Adjustments:

“Cost of Goods Sold 16,581.”

Raw XML AppendixShowing 400 of 465 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.

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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 $345,156 in government contributions included on form 990, Page 9, Part VIII, line 1e.
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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/NetIncomeOrLossGrp/TotalRevenueColumnAmt0-176
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoncashContributionsAmt068956
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt057622
IRS990/OccupancyGrp/ProgramServicesAmt0517861
IRS990/OccupancyGrp/TotalAmt0575483
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt025253
IRS990/OfficeExpensesGrp/ProgramServicesAmt0115085
IRS990/OfficeExpensesGrp/TotalAmt0140338
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt07500
IRS990/OtherAssetsTotalGrp/EOYAmt07500
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0101020
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0352509
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0453529
IRS990/OtherExpensesGrp/Desc0Field Trips and Extra C
IRS990/OtherExpensesGrp/Desc1Memberships
IRS990/OtherExpensesGrp/Desc2Refreshments
IRS990/OtherExpensesGrp/ProgramServicesAmt0128485
IRS990/OtherExpensesGrp/ProgramServicesAmt111294
IRS990/OtherExpensesGrp/ProgramServicesAmt27818
IRS990/OtherExpensesGrp/TotalAmt0128485
IRS990/OtherExpensesGrp/TotalAmt111294
IRS990/OtherExpensesGrp/TotalAmt27818
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0Other Income
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0878
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0878
IRS990/OtherRevenueTotalAmt0878
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0602152
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02021041
IRS990/OtherSalariesAndWagesGrp/TotalAmt02623193
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt054700
IRS990/PayrollTaxesGrp/ProgramServicesAmt0141509
IRS990/PayrollTaxesGrp/TotalAmt0196209
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt043848
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0158835
IRS990/PensionPlanContributionsGrp/TotalAmt0202683
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt065242
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt088551
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt099551
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0167551
IRS990/PrincipalOfficerNm0Dr William Middleton
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611110
IRS990/ProgramServiceRevenueGrp/Desc0Resident Student Enrol
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt05434989
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt05434989
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0284064
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt013
IRS990/PYOtherExpensesAmt01517112
IRS990/PYOtherRevenueAmt042049
IRS990/PYProgramServiceRevenueAmt04597808
IRS990/PYRevenuesLessExpensesAmt0-119061
IRS990/PYSalariesCompEmpBnftPaidAmt03525883
IRS990/PYTotalExpensesAmt05042995
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04923934
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0420904
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt05435691
IRS990/SavingsAndTempCashInvstGrp/BOYAmt075002
IRS990/SavingsAndTempCashInvstGrp/EOYAmt077296
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt02349968
IRS990ScheduleD/BuildingsGrp/DepreciationAmt092656
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02442624
IRS990ScheduleD/EquipmentGrp/BookValueAmt0350546
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0614908
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0965454
IRS990ScheduleD/ExpensesNotReportedAmt016581
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt05362241
IRS990ScheduleD/LandGrp/BookValueAmt0100000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0100000
IRS990ScheduleD/OtherExpensesIncludedAmt016581
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt035380
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0278901
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0314281
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0-16581
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0-16581
IRS990ScheduleD/RevenueSubtotalAmt05799726
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Cost of Goods Sold -16,581.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Cost of Goods Sold 16,581.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part XI, Line 4b - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XII, Line 2d - Other Adjustments:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02835894
IRS990ScheduleD/TotalExpensesPerForm990Amt05362241
IRS990ScheduleD/TotalRevenuePerForm990Amt05783145
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05799726
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05378822
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/ExplanationTxt11. Title I and Title IIA/Federal Government Grants 2. Funds for student aid, which is formula driven for regular education 3. Textbook and Software Aid 4. E-Rate Grant
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Part I, Line 6
IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/BooksAndPublicationsGrp/MethodOfDeterminingRevenuesTxt0Fair Market Value
IRS990ScheduleM/BooksAndPublicationsGrp/NonCashCheckboxInd0X
IRS990ScheduleM/BooksAndPublicationsGrp/NoncashContributionsRptF990Amt022430
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt01
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt11
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0Telephone and Internet Expenses.
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc1Software and Hardware
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0Fair Market Value
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt1Fair Market Value
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd1X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt033710
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt112816
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd01
IRS990ScheduleM/ThirdPartiesUsedInd00
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 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.
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 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, line 19
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt03480495
IRS990/TotalAssetsEOYAmt03859130
IRS990/TotalAssetsGrp/BOYAmt03480495
IRS990/TotalAssetsGrp/EOYAmt03859130
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0345156
IRS990/TotalEmployeeCnt091
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01272287
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt04089954
IRS990/TotalFunctionalExpensesGrp/TotalAmt05362241
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02357736
IRS990/TotalLiabilitiesEOYAmt02315467
IRS990/TotalLiabilitiesGrp/BOYAmt02357736
IRS990/TotalLiabilitiesGrp/EOYAmt02315467

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,859,130
Liabilities
$2,315,467
Net assets
$1,543,663
Revenue
$5,783,145
Expenses
$5,362,241
Net income
$420,904
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