Civic Intelligence

Icahn Charter School 4

990 • Fiscal year 2011 • EIN 26-4674992

Jul 01, 2010 to Jun 30, 2011 • Filed on Apr 25, 2012

767 Fifth Avenue10153
Siviq Scores

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

Liabilities / Assets

76th percentile

0.45x

Higher debt load relative to assets than 76% of similar nonprofits.

2011 filings • NTEE B • $1M-$5M nonprofits • Source year 2011

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2011

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2011

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2011

Asset Growth

Score unavailable

No value available

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

Source year 2011

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

$1,336,435

No earlier filing loaded for comparison.

Net Assets

$730,183

No earlier filing loaded for comparison.

Liabilities

$606,252

No earlier filing loaded for comparison.

Revenue

-

No earlier filing loaded for comparison.

Expenses

$2,136,522

No earlier filing loaded for comparison.

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0Assets 2011: $1,336,435Liabilities 2011: $606,252Net Assets 2011: $730,1832011Assets 2012: $1,616,464Liabilities 2012: $491,185Net Assets 2012: $1,125,2792012Assets 2013: $1,786,503Liabilities 2013: $607,060Net Assets 2013: $1,179,4432013Assets 2014: $1,781,040Liabilities 2014: $638,040Net Assets 2014: $1,143,0002014Assets 2016: $2,408,226Liabilities 2016: $1,001,550Net Assets 2016: $1,406,6762016Assets 2017: $2,340,875Liabilities 2017: $929,356Net Assets 2017: $1,411,5192017Assets 2018: $2,401,351Liabilities 2018: $1,030,874Net Assets 2018: $1,370,4772018Assets 2019: $9,002,820Liabilities 2019: $1,170,569Net Assets 2019: $7,832,2512019Assets 2020: $8,873,971Liabilities 2020: $1,000,970Net Assets 2020: $7,873,0012020Assets 2021: $9,695,075Liabilities 2021: $1,355,479Net Assets 2021: $8,339,5962021Assets 2022: $9,221,876Liabilities 2022: $1,711,763Net Assets 2022: $7,510,1132022

Highlighted filing

2011

Assets$1,336,435
Liabilities$606,252
Net Assets$730,183

Operations Trend

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

$15M$10M$5.0M$0-$5.0MExpenses 2011: $2,136,5222011Expenses 2012: $2,961,4682012Expenses 2013: $3,499,2072013Revenue 2014: $3,851,005Expenses 2014: $3,887,448Net Income 2014: -$36,4432014Revenue 2016: $4,683,304Expenses 2016: $4,625,808Net Income 2016: $57,4962016Revenue 2017: $4,969,505Expenses 2017: $4,964,662Net Income 2017: $4,8432017Revenue 2018: $5,051,400Expenses 2018: $5,092,442Net Income 2018: -$41,0422018Revenue 2019: $11,995,629Expenses 2019: $5,533,855Net Income 2019: $6,461,7742019Revenue 2020: $5,456,265Expenses 2020: $5,415,515Net Income 2020: $40,7502020Revenue 2021: $5,644,085Expenses 2021: $5,177,490Net Income 2021: $466,5952021Revenue 2022: $6,383,411Expenses 2022: $7,212,894Net Income 2022: -$829,4832022

Highlighted filing

2011

Revenue-
Expenses$2,136,522
Net Income-
Jump To
Filing Snapshot
Filing Period
Jul 1, 2010 to Jun 30, 2011
Signed
Apr 25, 2012
Return Version
2010v3.7
Gross Receipts
$2,455,914
Mission and Program Overview

Mission

See schedule othe mission of icahn charter schools is to cultivate a climate of collaborative excellence among students, staff, families, and the community. Our four pillars of transformative education guide icahn educators as they adopt a holistic approach to teaching and learning that addresses the academic, social, and emotional needs of our students. The student-centered learning experience is defined through individualized learning environments that empower icahn students to take ownership of their education. Our core knowledge curriculum and instructional practices promote learning through innovation and creativity to meet the needs of our diverse learners. Through strategic partnerships among all stakeholders, icahn student graduate equipped with the skills, knowledge, and personal confidence to participate successfully in the most rigorous academic environments and demonstrate a sense of personal responsibility as global citizens.

Filing and Contact Details

Filer

EIN
26-4674992
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IRS990/MissionDescription0THE ICAHN CHARTER SCHOOL 4 USES A RIGOROUS ACADEMIC PROGRAM FOR GRADES K THROUGH 3 IN ORDER TO PREPARE THE STUDENTS WITH THE SKILLS AND KNOWLEDGE TO PARTICIPATE SUCCESSFULLY IN THE MOST RIGOROUS ACADEMIC ENVIRONMENTS, AND HAVE A SENSE OF PERSONAL AND COMMUNITY RESPONSIBILITY.
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IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation0ON JULY 1, 2009 THE CHARTER SCHOOL ADOPTED ACCOUNTING STANDARDS CODIFICATION ("ASC") 740 "INCOME TAXES." ASC 740 REQUIRES THAT A TAX POSITION BE RECOGNIZED OR DERECOGNIZED BASED ON A "MORE LIKELY THAN NOT" THRESHOLD. THIS APPLIES TO POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE ADOPTION OF THIS GUIDANCE DID NOT HAVE AN IMPACT ON THE CHARTER SCHOOL'S FINANCIAL STATEMENTS, AS MANAGEMENT BELIEVES THERE ARE NO UNCERTAIN TAX POSITIONS WITHIN ITS FINANCIAL STATEMENTS.
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IRS990ScheduleO/GeneralExplanation/Explanation0TWO DIRECTORS, CARL C. ICAHN AND GAIL GOLDEN-ICAHN, ARE HUSBAND AND WIFE.
IRS990ScheduleO/GeneralExplanation/Explanation1THE FINANCIAL STATEMENTS AND FORM 990 ARE REVIEWED BY AN INDEPENDENT ACCOUNTING FIRM PRIOR TO THEIR COMPLETION AND FILING. THE FORM 990 IS MADE AVAILABLE TO THE TRUSTEES UPON COMPLETION OF THE INDEPENDENT AUDIT AND PRIOR TO THE FILING OF THE Form 990.
IRS990ScheduleO/GeneralExplanation/Explanation2THE SCHOOL DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, or audited financial statements AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/GeneralExplanation/Explanation3IF THE BOARD OR A COMMITTEE HAS REASONABLE CAUSE TO BELIEVE THAT AN INTERESTED PERSON HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT WILL INFORM THE INTERESTED PERSON OF THE BASIS FOR SUCH BELIEF AND AFFORD HIM OR HER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF, AFTER HEARING THE RESPONSE AND MAKING SUCH FURTHER INVESTIGATION AS MAY BE WARRANTED IN THE CIRCUMSTANCES, THE BOARD DETERMINES THAT THE INTERESTED PERSON HAS IN FACT FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT WILL TAKE APPROPRIATE ACTION WHICH MAY INCLUDE RECOMMENDATION TO THE BOARD FOR REMOVAL FROM THE BOARD OR TERMINATION OF EMPLOYMENT, AS WELL AS RECONSIDERATION OF WHETHER THE TRANSACTION OR ARRANGEMENT WAS IN THE BEST INTERESTS OF AND FAIR AND REASONABLE TO THE SCHOOL AT THE TIME IT WAS UNDERTAKEN. IF IT IS DETERMINED THAT THE TRANSACTION WAS NOT FAIR AND REASONABLE TO THE SCHOOL, THE SCHOOL IN ITS DISCRETION, MAY AVOID THE CONTRACT AND/OR REQUIRE THE INTERESTED PERSON TO RESTORE THE SCHOOL TO THE FINANCIAL POSITION IT WOULD HAVE BEEN IN IF SUCH PERSON HAD BEEN DEALING UNDER THE HIGHEST FIDUCIARY STANDING.
IRS990ScheduleO/GeneralExplanation/Explanation4THE COMPENSATION PAID TO KEY EMPLOYEES IS REASONABLE BASED ON THE DUTIES AND RESPONSIBILITIES OF THE POSITIONS, THE TIME SPENT PERFORMING THEIR DUTIES, AND THEIR PERFORMANCE LEVEL. THIS IS DETERMINED BY CONDUCTING RESEARCH OF COMPENSATION FOR SIMILAR POSITIONS AT SIMILAR TYPES OF SCHOOLS. NO COMPENSATION IS PAID TO THE OFFICERS OF THE SCHOOL. THE COMPENSATION IS REVIEWED AND APPROVED BY THE BOARD OF Directors ANNUALLY AND INCLUDED IN THE MINUTES.
IRS990ScheduleO/GeneralExplanation/Explanation5NAME:CARL C ICAHN TITLE:DIRECTOR HOURS:3
IRS990ScheduleO/GeneralExplanation/Explanation6NAME:GAIL GOLDEN-ICAHN TITLE:PRESIDENT/DIRECTOR HOURS:3
IRS990ScheduleO/GeneralExplanation/Explanation7NAME:JULIE CLARK GOODYEAR TITLE:SECRETARY/DIRECTOR HOURS:3
IRS990ScheduleO/GeneralExplanation/Explanation8NAME:SEYMOUR FLIEGEL TITLE:DIRECTOR HOURS:3
IRS990ScheduleO/GeneralExplanation/Explanation9NAME:ROBERT SANCHO TITLE:DIRECTOR HOURS:3
IRS990ScheduleO/GeneralExplanation/Explanation10NAME:KAREN MANDELBAUM TITLE:DIRECTOR HOURS:3
IRS990ScheduleO/GeneralExplanation/Explanation11NAME:EDWARD J SHANAHAN TITLE:PRESIDENT AND HEAD DIRECTOR HOURS:3
IRS990ScheduleO/GeneralExplanation/Explanation12NAME:IRENE MARCH TITLE:TREASURER HOURS:3
IRS990ScheduleO/GeneralExplanation/Explanation13NAME:KEITH COZZA TITLE:ASSISTANT TREASURER HOURS:3
IRS990ScheduleO/GeneralExplanation/Explanation14NAME:Jeffrey Litt TITLE:Superintendent HOURS:45
IRS990ScheduleO/GeneralExplanation/Identifier0RELATED OFFICERS
IRS990ScheduleO/GeneralExplanation/Identifier1990 REVIEW
IRS990ScheduleO/GeneralExplanation/Identifier2PUBLIC INFORMATION DISCLOSURE
IRS990ScheduleO/GeneralExplanation/Identifier3CONFLICT OF INTEREST POLICY
IRS990ScheduleO/GeneralExplanation/Identifier4KEY EMPLOYEE PAY
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