Civic Intelligence

Newark Legacy Charter School

EIN 27-1093552 • 501(c)3 • Newark, NJ

Profile

SEE BELOW:

823 South 16th StreetNewark, NJ 07103

www.newarklegacycharterschool.org

Siviq Scores

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

Liabilities / Assets

67th percentile

0.36x

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

501(c)3 • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

51st percentile

0.24x

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

501(c)3 • $10M-$25M nonprofits • Source year 2016

Net Margin

58th percentile

8.1%

Higher net margin than 58% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2016

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

88th percentile

32%

Faster asset growth than 88% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Revenue Growth

50th percentile

6.8%

Faster revenue growth than 50% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Assets

Up

$8,444,742

Up $2,043,551 (+32%) from 2015

Liabilities

Up

$3,017,844

Up $281,715 (+10%) from 2015

Net Assets

Up

$5,426,898

Up $1,761,836 (+48%) from 2015

Revenue

Up

$12,802,603

Up $813,618 (+6.8%) from 2015

Expenses

Up

$11,760,005

Up $2,004,424 (+21%) from 2015

Net Income

Down

$1,042,598

Down $1,190,806 (-53%) from 2015

Trend Graphs

Balance Sheet Trend

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

$10M$5.0M$0Assets 2014: $2,668,164Liabilities 2014: $767,053Net Assets 2014: $1,901,1112014Assets 2015: $6,401,191Liabilities 2015: $2,736,129Net Assets 2015: $3,665,0622015Assets 2016: $8,444,742Liabilities 2016: $3,017,844Net Assets 2016: $5,426,8982016

Highlighted filing

2016

Assets$8,444,742
Liabilities$3,017,844
Net Assets$5,426,898

Operations Trend

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

$15M$10M$5.0M$0Revenue 2014: $5,754,273Expenses 2014: $4,681,848Net Income 2014: $1,072,4252014Revenue 2015: $11,988,985Expenses 2015: $9,755,581Net Income 2015: $2,233,4042015Revenue 2016: $12,802,603Expenses 2016: $11,760,005Net Income 2016: $1,042,5982016

Highlighted filing

2016

Revenue$12,802,603
Expenses$11,760,005
Net Income$1,042,598

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Feb 15, 2017
Return Version
2015v3.0
Gross Receipts
$12,802,603
Mission and Program Overview

Mission

SEE BELOW:

See below: the mission is to develop in pre-kindergarten through eight grade students,the scholarship, discipline and character necessary to gain entry to, succeed in, and graduate from demanding college preparatory high schools.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$4,098,832$4,411,987▲ $313,155
Pledges and Grants Receivable$1,389,493$1,429,521▲ $40,028
Land, Buildings, and Equipment, Net$326,862$1,300,707▲ $973,845
Prepaid Expenses and Deferred Charges$31,881$64,842▲ $32,961
Total Assets$6,401,191$8,444,742▲ $2,043,551
Other Assets Total$554,123$1,237,685▲ $683,562
Liabilities
Other Liabilities$2,677,299$2,639,620▼ $37,679
Accounts Payable and Accrued Expenses$15,024$298,409▲ $283,385
Deferred Revenue$43,806$79,815▲ $36,009
Total Liabilities$2,736,129$3,017,844▲ $281,715
Net Assets / Fund Balance
Unrestricted Net Assets$3,665,062$5,426,898▲ $1,761,836
Total Net Assets Fund Balance$3,665,062$5,426,898▲ $1,761,836
Total Liabilities and Net Assets / Fund Balance$6,401,191$8,444,742▲ $2,043,551

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$1,151,606$140,454$1,292,060
Equipment$149,101$73,286$222,387
Other Assets Org$1,237,685--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Kenneth SchutzExecutive DirectorFT$162,500$162,500
Kenneth Schutz--$162,500$162,500
Lisa PowellChief Academic OfficerFT$131,695$131,695
Darice GonzalezSbaFT$129,359$129,359
Annete RiffleChief Operating OfficerFT$121,500$121,500

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Delta Interior ConstructionInterior Design & Construction35 SHERMAN AVENUE, North Alington, NJ 07031$362,635
247 Security Agency LLCSecurity Services76 NESBITT STREET, Newark, NJ 07103$100,909
Revenue and Support

Revenue Composition

Contributions and Grants
$12,045,619
Program Service Revenue
$756,984
Investment Income
$0
Other Revenue
$0
All Other Contributions
$1,964,515
Change in Net Assets
$1,042,598

Audited Revenue Reconciliation

Revenue per Audited Statements
$12,802,603
Total Revenue per Audited Statements
$12,802,603
Total Revenue per Form 990
$12,802,603
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$7,082,487
Other Expenses$4,677,518
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Comp Disqual Persons$4,002,687$1,630,892$0$5,633,579
All Other Expenses$1,541,158$741,492$0$2,282,650
Pension Plan Contributions$631,853$272,001$0$903,854
Office Expenses$597,847$111,472$0$709,319
Current Officers, Directors, Trustees, and Key Employees$131,695$413,359$0$545,054
Other Expenses$225,697$25,077$0$250,774
Travel$150,723$16,747$0$167,470
Insurance$0$34,362$0$34,362
Total Functional Expenses$8,050,409$3,709,596$0$11,760,005

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$11,760,005
Total Expenses per Audited Statements$11,760,005
Total Expenses per Form 990$11,760,005
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
Net Pension Liability$2,211,243
Interfund Payable$170,057
Contract Payable$155,525
Other Current Liabilities$67,242
Pension Deferred Inflows$35,553
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
Filing and Contact Details

Filer

Filer Name
Newark Legacy Charter School
EIN
27-1093552
Phone
9733747000
Address
823 SOUTH 16TH STREET, NEWARK, NJ 07103

Signing Officer

Name
Darice Gonzalez
Title
Sba
Phone
9733747000
Signed
2017-02-15

Organization Details

Principal Officer
Darice Gonzalez
Formed
2009
Legal Domicile
Nj
Voting Board Members
10
Independent Board Members
10
Employees
141
Volunteers
0

Preparer

Firm
Araromi CPA LLC
Address
934 STUYVESANT AVE STE 6, UNION, NJ 07083-8326
Preparer
Shaye S Araromi
Phone
9086885900
Supplemental Narrative

Additional Explanations

Pt XI

LINE 9

Pt XI

The change is due to the effect of the deferred inflows of pension, deferred outflows of pension, net pension liability and capitalization of certain assets.

Pt VI, Line 11B

SEE THE ATTACHED

Pt VI, Line 12C

SEE THE ATTACHED

Pt VI, Line 19

SEE THE ATTACHED

Pt VI, Line 15B

SEE THE ATTACHED

Pt VI, Line 15A

SEE THE ATTACHED

Pt VI, Line 7A

The school board of trustees is empowered to elect new members to the school board.

Form 990, Part IX, Line 24E

Tpaf- nonbudgetary 558327. 0. 558327. 0.

Form 990, Part IX, Line 24E

Utilities cost 89475. 0. 89475. 0.

Form 990, Part IX, Line 24E

Dues and subscription 9000. 0. 9000. 0.

Form 990, Part IX, Line 24E

Transportation 219914. 219914. 0. 0.

Form 990, Part IX, Line 24E

Equipment-non instr 1085133. 1059195. 25938. 0.

Form 990, Part IX, Line 24E

Miscellanoues 89481. 75114. 14367. 0.

Form 990, Part IX, Line 24E

Transfer to other fund 173238. 173238. 0. 0.

Form 990, Part IX, Line 24E

Other objects 44385. 0. 44385. 0.

Form 990, Part IX, Line 24E

Text books 13697. 13697. 0. 0.

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IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/FundraisingAmt30
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0462610
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11584
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt325077
IRS990/OtherExpensesGrp/ProgramServicesAmt0171478
IRS990/OtherExpensesGrp/ProgramServicesAmt114260
IRS990/OtherExpensesGrp/ProgramServicesAmt2583011
IRS990/OtherExpensesGrp/ProgramServicesAmt3225697
IRS990/OtherExpensesGrp/TotalAmt0634088
IRS990/OtherExpensesGrp/TotalAmt115844
IRS990/OtherExpensesGrp/TotalAmt2583011
IRS990/OtherExpensesGrp/TotalAmt3250774
IRS990/OtherLiabilitiesGrp/BOYAmt02677299
IRS990/OtherLiabilitiesGrp/EOYAmt02639620
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0272001
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0631853
IRS990/PensionPlanContributionsGrp/TotalAmt0903854
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt01389493
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01429521
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt031881
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt064842
IRS990/PrincipalOfficerNm0DARICE GONZALEZ
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0624410
IRS990/ProgramServiceRevenueGrp/BusinessCd1624410
IRS990/ProgramServiceRevenueGrp/Desc0FOOD PROGRAM
IRS990/ProgramServiceRevenueGrp/Desc1AFTERCARE
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0579972
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1177012
IRS990/ProgSrvcAccomActy2Grp/Desc0THESE ARE FOOD PROGRAMS DESIGNED FOR BREAKFAST,LUNCH AND AFTERCARE FOR THE FISCAL YEAR ENDED JUNE 30,2016. ABOUT 90% OF THE CURRENT STUDENTS RECEIVED THE BENEFITS
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0583011
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0756984
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt011465442
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt03772531
IRS990/PYProgramServiceRevenueAmt0523543
IRS990/PYRevenuesLessExpensesAmt02233404
IRS990/PYSalariesCompEmpBnftPaidAmt05983050
IRS990/PYTotalExpensesAmt09755581
IRS990/PYTotalRevenueAmt011988985
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt01042598
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt012045619
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/PublicSupportTotal509Amt00
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/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt0149101
IRS990ScheduleD/EquipmentGrp/DepreciationAmt073286
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0222387
IRS990ScheduleD/ExpensesSubtotalAmt011760005
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt01151606
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0140454
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01292060
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01237685
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0PENSION DEFERRED OUTFLOWS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02211243
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt135553
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2155525
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3170057
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt467242
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NET PENSION LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PENSION DEFERRED INFLOWS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2CONTRACT PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3INTERFUND PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4OTHER CURRENT LIABILITIES
IRS990ScheduleD/RevenueSubtotalAmt012802603
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01300707
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01237685
IRS990ScheduleD/TotalExpensesPerForm990Amt011760005
IRS990ScheduleD/TotalLiabilityAmt02639620
IRS990ScheduleD/TotalRevenuePerForm990Amt012802603
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt012802603
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt011760005
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 ADVERTISEMENT IS PLACED IN THE LOCAL MEDIA DURING THE INITIAL REGISRATION WITH NON-DISCRIMINATORY CLAUSE. COMPLETED SEE LINE 3
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE CHARTER SCHOOL IS A PUBLIC SCHOOL,FUNDED BY THE STATE OF NEW JERSEY.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Line 6b
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0162500
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0KENNETH SCHUTZ
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0162500
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SubstantiationRequiredInd0true
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0LINE 9
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CHANGE IS DUE TO THE EFFECT OF THE DEFERRED INFLOWS OF PENSION, DEFERRED OUTFLOWS OF PENSION, NET PENSION LIABILITY AND CAPITALIZATION OF CERTAIN ASSETS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2SEE THE ATTACHED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3SEE THE ATTACHED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4SEE THE ATTACHED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5SEE THE ATTACHED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6SEE THE ATTACHED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE SCHOOL BOARD OF TRUSTEES IS EMPOWERED TO ELECT NEW MEMBERS TO THE SCHOOL BOARD.

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