Liabilities / Assets
54th percentile
Higher debt load relative to assets than 54% of similar nonprofits.
Renaissance Regional Leadership Charter School
EIN 27-1721423 • 501(c)3
Profile
The mission of the Renaissance Regional Leadership Charter School is to develop the next generation of outstanding leaders who will be equipped with the academic excellence, self-management skills and character necessary for them to positively influence their world. The vision of the Renaissance Regional Leadership Charter School is an educational environment, which supports student engagement and empowers all students to identify and utilize their own leadership abilities and gifts.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.09x
Liabilities / Revenue
37th percentile
Higher debt load relative to revenue than 37% of similar nonprofits.
Net Margin
51st percentile
Higher net margin than 51% of similar nonprofits.
Top Officer Pay
40th percentile
Higher top officer pay than 40% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
85th percentile
Faster asset growth than 85% of similar nonprofits.
Revenue Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
Balance Sheet
Assets
Up$589,674
Up $139,223 (+31%) from 2013
Liabilities
Up$51,194
Up $41,624 (+435%) from 2013
Net Assets
Up$538,480
Up $97,599 (+22%) from 2013
Revenue
$1,973,648
No earlier filing loaded for comparison.
Expenses
Up$1,876,049
Up $324,416 (+21%) from 2013
Net Income
$97,599
No earlier filing loaded for comparison.
Trend Graphs
Filings
Most recent year
2014 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $589,674
- Liabilities
- $51,194
- Net assets
- $538,480
- Revenue
- $1,973,648
- Expenses
- $1,876,049
- Net income
- $97,599
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2013 to Jun 30, 2014
- Signed
- Jul 28, 2015
- Return Version
- 2013v4.0
- Gross Receipts
- $2,009,490
Mission and Program Overview
Mission
The mission of the Renaissance Regional Leadership Charter School is to develop the next generation of outstanding leaders who will be equipped with the academic excellence, self-management skills and character necessary for them to positively influence their world. The vision of the Renaissance Regional Leadership Charter School is an educational environment, which supports student engagement and empowers all students to identify and utilize their own leadership abilities and gifts.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Cash and Non-Interest-Bearing Accounts | $335,535 | $471,538 | ▲ $136,003 |
| Accounts Receivable | $87,042 | $115,287 | ▲ $28,245 |
| Prepaid Expenses and Deferred Charges | $27,874 | $2,849 | ▼ $25,025 |
| Savings and Temporary Cash Investments | - | $0 | - |
| Other Notes and Loans Receivable, Net | - | $0 | - |
| Pledges and Grants Receivable | - | $0 | - |
| Receivable From Disqualified Prsn | - | $0 | - |
| Receivables From Officers Etc | - | $0 | - |
| Investments Other Securities | - | $0 | - |
| Investments Program Related | - | $0 | - |
| Investments in Publicly Traded Securities | - | $0 | - |
| Land, Buildings, and Equipment, Net | - | $0 | - |
| Intangible Assets | - | $0 | - |
| Inventories for Sale or Use | - | $0 | - |
| Total Assets | $450,451 | $589,674 | ▲ $139,223 |
| Other Assets Total | - | $0 | - |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | $8,361 | $49,914 | ▲ $41,553 |
| Other Liabilities | $1,209 | $1,280 | ▲ $71 |
| Total Liabilities | $9,570 | $51,194 | ▲ $41,624 |
| Net Assets / Fund Balance | |||
| Unrestricted Net Assets | $436,890 | $532,338 | ▲ $95,448 |
| Permanently Rstr Net Assets | $3,991 | $6,142 | ▲ $2,151 |
| Total Net Assets Fund Balance | $440,881 | $538,480 | ▲ $97,599 |
| Total Liabilities and Net Assets / Fund Balance | $450,451 | $589,674 | ▲ $139,223 |
Compensation and Service Providers
Board Members and Trustees
| Name | Title |
|---|---|
| Philip Meshinsky | Ind Trustee |
| Peter Montovani | Pres., Trustees |
| James Muzikowski | Trustee |
| Krystyna Wittman | Trustee |
| Wayne Cook | Trustee |
| John Desmond | VP-trustees |
| Donna Torres | Business Admin |
| Lorna Hassel | Head of School |
| Sandra Barrett | Teacher |
| Tonya Hassell | Teacher |
| Debra Cook | Treasurer |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $1,981,396
- Program Service Revenue
- $20,917
- Investment Income
- $271
- Other Revenue
- $-28,936
- All Other Contributions
- $424,955
- Change in Net Assets
- $97,599
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $1,307,955 |
| Other Expenses | $568,094 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $704,049 | $366,316 | - | $1,070,365 |
| Occupancy | $166,535 | $89,673 | - | $256,208 |
| Other Employee Benefits | $154,434 | $83,156 | - | $237,590 |
| Fees for Services Management | $78,941 | $129,312 | - | $208,253 |
| Office Expenses | $36,194 | $64,169 | - | $100,363 |
| Travel | - | $3,270 | - | $3,270 |
| Total Functional Expenses | $1,140,153 | $735,896 | $0 | $1,876,049 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
Political and Lobbying Activity
- Political campaign activity
- No
- Lobbying activity
- No
- Subject to proxy tax
- No
Insider Transactions and Loans
Loans and Receivables
| Line Item | Beginning | End | Change |
|---|---|---|---|
| Receivables from Disqualified Persons | - | $0 | - |
| Receivables from Officers, Directors, Trustees, and Key Employees | - | $0 | - |
Debt and Bond Financing
Other Reported Liabilities
| Liability | Amount |
|---|---|
| Other Current Liabilities | $1,280 |
Governance and Compliance
Governance Checklist
- Compiled or reviewed by an accountant
- No
- Annual disclosure for covered persons
- No
- 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, Line 11B: Form 990 Review Process
“No review was or will be conducted.”
Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts
“Renaissance regional leadership charter school has a written conflict of interest policy that is set forth in its critical policy reference manual. In addition to the specific instances and prescribed disciplinary action set forth in the conflict of interest policy, each school official and/or key employee, as well as each member of the board of trustees, is required to file the school ethics commission disclosure statement, per applicable new jersey law. These forms are filed with the local county authority.”
Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management
“Salary and compensation of the ceo/lead person of the charter school is reviewed and evaluated by board of trustees of the rennaissance regional leadership charter school on an annual basis. In conducting such review and evaluation, factors such as personal strengths and weaknesses, as well as goals and achievements of the charter school, and comparable salary data are all given due weight and consideration. The ultimate compensation evaluation and recommendation is thereafter approved by the board of trustees of the charter school.”
Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees
“Salary and compensation of officers, key employees and all teachers are reviewed and evaluated by the charter school lead person and business adminstrator on an annual basis. In conducting such review and evaluation, factors such as teacher performance, education, experience, longevity and comparable area standards for the profession, are given due weight and consideration. All such compensation evaluations and recommendations are reviewed and approved by the board of trustees of the renaissance regional leadership charter school.”
Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
“The minutes for the meetings of the board of trustees of the rennaissance regional leadership charter school are sent to the county superintendent of schools for review, and are available to the public upon request. Annual audit and financial reports of the charter school are available on the state of new jersey department of education website. Other charter school information is available on the school website, or will be provided upon request.”
Filing and Contact Details
Filer
- EIN
- 27-1721423
- Phone
- 9086863484
Signing Officer
- Name
- Philip Meshinsky
- Title
- Ind Trustee
- Signed
- 2015-07-28
- Discuss with paid preparer
- Yes
Organization Details
- Principal Officer
- Lorna Hassel
- Legal Domicile
- Nj
- Voting Board Members
- 5
- Independent Board Members
- 5
- Employees
- 42
Preparer
- Preparer
- Richard Barre
- Phone
- 9086863484
Supplemental Narrative
Additional Explanations
Document Retention and Destruction Policy
“The charter school follows state and federal regulations and standards governing record retention and destruction.”
Whistleblower Policy
“While the charter school does not currently have a written whistleblower policy, procedures and practices are in place for the filing of complaints against any co-worker or against the school itself, if any such school employee reasonably believes that a co-worker, or the school itself, is conducting an illegal or wrongful act. School practice and policy also prohibits retaliation against any employee who submits any such complaint”
Raw XML AppendixShowing 400 of 429 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/Desc | 0 | Renaissance Regional Leadership Charter School is an independent reporting entity within the criteria adopted by the Government Auditing Standards Board (GASB) as established by GASB Statement No. 14. During its fourth year of operation, the 2013-2014 school year, Renaissance Regional Leadership Charter School provided a full range of educational services to students in grades K-8. These services included regular, as well as special education instruction. Total enrollment for the 2013-2014 school year was 159. Every student in third through eighth grades is given the state mandated NJ ASK test. The Charter School has developed a comprehensive strategic plan to support its mission and vision and serves as a blueprint for the achievement of its goals. The plan includes objectives, such as pupil achievement as measured by standardized tests and teacher assessment instruments; formal professional development for the certified and non-certified staff; and the implementation of a technology plan in all classrooms. In order to improve test scores, tutoring sessions were conducted with teachers, volunteering their time after school. A summer Academic Camp was also held.Unfortunately, the State of New Jersey Department of Education did not renew the the Charter School's academic charter, causing the Charter School to cease all academic activities effective June 30, 2014. |
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| IRS990/MissionDesc | 0 | The mission of the Renaissance Regional Leadership Charter School is to develop the next generation of outstanding leaders who will be equipped with the academic excellence, self-management skills and character necessary for them to positively influence their world. The vision of the Renaissance Regional Leadership Charter School is an educational environment, which supports student engagement and empowers all students to identify and utilize their own leadership abilities and gifts. |
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| IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt | 0 | THE CHARTER SCHOOL RECEIVES PUBLIC ASSISTANCE BY WAY OF PERCENTAGE OF LOCAL TAX LEVY PURSUANT TO REGULATIONS PROMULGATED BY THE STATE OF NEW JERSEY DEPARTMENT OF EDUCATION. IN ADDITION, THE CHARTER SCHOOL RECEIVES FEDERAL ASSISTANCE BY WAY OF GRANTS FROM NCLB/TITLE I AND I.D.E.A. PROGRAMS. OTHER FINANCIAL ASSISTANCE FROM GOVERNMENTAL PROGRAMS IS ALSO AVAILABLE VIA APPLICATION. |
| IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt | 1 | RENAISSANCE REGIONAL LEADERSHIP CHARTER SCHOOL MAINTAINS A RACIALLY NONDISCRIMINATORY POLICY TOWARDS ALL STUDENTS AND EMPLOYEES, IN THAT THE CHARTER SCHOOL DOES NOT DISCRIMINATE AGAINST ANY STUDENT, OR EMPLOYEE, FOR REASONS OF RACE, COLOR, NATIONAL ORIGIN, ANCESTRY, SEX, AGE, AFFECTUAL OR SEXUAL ORIENTATION, MARITAL STATUS, DOMESTIC PARTNERSHIP STATUS, FAMILIAL STATUS, LIABILITY FOR SERVICE IN THE UNITED STATES ARMED FORCES, ATYPICAL HEREDITARY CELLULAR OR BLOOD TRAIT OF ANY INDIVIDUAL, GENETIC INFORMATION, OR REFUSAL TO SUBMIT TO A GENETIC TEST OR MADE THE RESULTS OF A GENETIC TEST KNOWN, IN EMPLOYMENT OR IN EDUCATIONAL OPPORTUNITIES. THE CHARTER SCHOOL FURTHER ACKNOWLEDGES STATE AND FEDERAL PROTECTION THAT IS EXTENDED ON ACCOUNT OF DISABILITIES, SOCIAL OR ECONOMIC STATUS, PREGNANCY-RELATED DISABILITIES, ACTUAL OR POTENTIAL PARENTHOOD, OR FAMILY STATUS.THE RACIALLY NONDISCRIMINATORY POLICY IS CONTAINED IN THE SCHOOL'S CRITICAL POLICY REFERENCE MANUAL AND IS COMMUNICATED TO STUDENTS AND PARENTS. THE SCHOOL INTENDS TO PUBLISH THIS POLICY IN ITS BROCHURE AND ON ITS WEBSITE.IN ADDITION, RENAISSANCE REGIONAL LEADERSHIP CHARTER SCHOOL CUSTOMARILY DRAWS ITS STUDENTS FROM LOCAL COMMUNITIES, AND FURTHER, THE CHARTER SCHOOL ENROLLS STUDENTS OF RACIAL MINORITY GROUPS IN MEANINGFUL NUMBERS. |
| IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Schedule E, Line 6 - Explanation of Aid or Assistance from Governmental Agency |
| IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized |
| IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Schedule E, Line 4 - Explanation of Records and Materials Not Maintained |
| IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Schedule E, Line 5 - Explanation of Organization Discrimination by Race |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | No review was or will be conducted. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | RENAISSANCE REGIONAL LEADERSHIP CHARTER SCHOOL HAS A WRITTEN CONFLICT OF INTEREST POLICY THAT IS SET FORTH IN ITS CRITICAL POLICY REFERENCE MANUAL. IN ADDITION TO THE SPECIFIC INSTANCES AND PRESCRIBED DISCIPLINARY ACTION SET FORTH IN THE CONFLICT OF INTEREST POLICY, EACH SCHOOL OFFICIAL AND/OR KEY EMPLOYEE, AS WELL AS EACH MEMBER OF THE BOARD OF TRUSTEES, IS REQUIRED TO FILE THE SCHOOL ETHICS COMMISSION DISCLOSURE STATEMENT, PER APPLICABLE NEW JERSEY LAW. THESE FORMS ARE FILED WITH THE LOCAL COUNTY AUTHORITY. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | SALARY AND COMPENSATION OF THE CEO/LEAD PERSON OF THE CHARTER SCHOOL IS REVIEWED AND EVALUATED BY BOARD OF TRUSTEES OF THE RENNAISSANCE REGIONAL LEADERSHIP CHARTER SCHOOL ON AN ANNUAL BASIS. IN CONDUCTING SUCH REVIEW AND EVALUATION, FACTORS SUCH AS PERSONAL STRENGTHS AND WEAKNESSES, AS WELL AS GOALS AND ACHIEVEMENTS OF THE CHARTER SCHOOL, AND COMPARABLE SALARY DATA ARE ALL GIVEN DUE WEIGHT AND CONSIDERATION. THE ULTIMATE COMPENSATION EVALUATION AND RECOMMENDATION IS THEREAFTER APPROVED BY THE BOARD OF TRUSTEES OF THE CHARTER SCHOOL. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | SALARY AND COMPENSATION OF OFFICERS, KEY EMPLOYEES AND ALL TEACHERS ARE REVIEWED AND EVALUATED BY THE CHARTER SCHOOL LEAD PERSON AND BUSINESS ADMINSTRATOR ON AN ANNUAL BASIS. IN CONDUCTING SUCH REVIEW AND EVALUATION, FACTORS SUCH AS TEACHER PERFORMANCE, EDUCATION, EXPERIENCE, LONGEVITY AND COMPARABLE AREA STANDARDS FOR THE PROFESSION, ARE GIVEN DUE WEIGHT AND CONSIDERATION. ALL SUCH COMPENSATION EVALUATIONS AND RECOMMENDATIONS ARE REVIEWED AND APPROVED BY THE BOARD OF TRUSTEES OF THE RENAISSANCE REGIONAL LEADERSHIP CHARTER SCHOOL. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | THE MINUTES FOR THE MEETINGS OF THE BOARD OF TRUSTEES OF THE RENNAISSANCE REGIONAL LEADERSHIP CHARTER SCHOOL ARE SENT TO THE COUNTY SUPERINTENDENT OF SCHOOLS FOR REVIEW, AND ARE AVAILABLE TO THE PUBLIC UPON REQUEST. ANNUAL AUDIT AND FINANCIAL REPORTS OF THE CHARTER SCHOOL ARE AVAILABLE ON THE STATE OF NEW JERSEY DEPARTMENT OF EDUCATION WEBSITE. OTHER CHARTER SCHOOL INFORMATION IS AVAILABLE ON THE SCHOOL WEBSITE, OR WILL BE PROVIDED UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | THE CHARTER SCHOOL FOLLOWS STATE AND FEDERAL REGULATIONS AND STANDARDS GOVERNING RECORD RETENTION AND DESTRUCTION. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | WHILE THE CHARTER SCHOOL DOES NOT CURRENTLY HAVE A WRITTEN WHISTLEBLOWER POLICY, PROCEDURES AND PRACTICES ARE IN PLACE FOR THE FILING OF COMPLAINTS AGAINST ANY CO-WORKER OR AGAINST THE SCHOOL ITSELF, IF ANY SUCH SCHOOL EMPLOYEE REASONABLY BELIEVES THAT A CO-WORKER, OR THE SCHOOL ITSELF, IS CONDUCTING AN ILLEGAL OR WRONGFUL ACT. SCHOOL PRACTICE AND POLICY ALSO PROHIBITS RETALIATION AGAINST ANY EMPLOYEE WHO SUBMITS ANY SUCH COMPLAINT |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Form 990, Part VI, Line 11b: Form 990 Review Process |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Form 990, Part VI, Line 19: Other Organization Documents Publicly Available |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | DOCUMENT RETENTION AND DESTRUCTION POLICY |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | WHISTLEBLOWER POLICY |
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