Civic Intelligence

Dr Lena Edwards Academic Charter School

990 • Fiscal year 2017 • EIN 27-1827559

Jul 01, 2016 to Jun 30, 2017 • Filed on Mar 08, 2018

Organization ProfileDRLENAEDWARDSCHARTERSCHOOL.ORG

Refreshing map…

509 Bramhall AvenueJersey City, NJ 07304

(201) 433-5300

Siviq Scores

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

Liabilities / Assets

97th percentile

1.34x

Higher debt load relative to assets than 97% of similar nonprofits.

2017 filings • NTEE B • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

80th percentile

0.85x

Higher debt load relative to revenue than 80% of similar nonprofits.

2017 filings • NTEE B • $5M-$10M nonprofits • Source year 2017

Net Margin

12th percentile

-10%

Higher net margin than 12% of similar nonprofits.

2017 filings • NTEE B • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

55th percentile

$141,826

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 2.6% of source-year revenue.

2017 filings • NTEE B • $5M-$10M nonprofits • Source year 2017

Asset Growth

77th percentile

21%

Faster asset growth than 77% of similar nonprofits.

2017 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

34th percentile

1.5%

Faster revenue growth than 34% of similar nonprofits.

2017 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets97th percentile

Assets

Up

$3,446,734

Up $592,107 (+21%) from 2016

Net Assets

Down

-$1,159,345

Down $555,286 (-92%) from 2016

Liabilities

Up

$4,606,079

Up $1,147,393 (+33%) from 2016

Revenue And Expenses
Liabilities / Revenue80th percentileNet Margin12th percentile

Revenue

Up

$5,435,547

Up $81,174 (+1.5%) from 2016

Expenses

Up

$5,988,268

Up $59,429 (+1.0%) from 2016

Net Income

Up

-$552,721

Up $21,745 (+3.8%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth77th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MAssets 2014: $1,338,984Liabilities 2014: $476,091Net Assets 2014: $862,8932014Assets 2015: $2,088,231Liabilities 2015: $2,105,933Net Assets 2015: -$17,7022015Assets 2016: $2,854,627Liabilities 2016: $3,458,686Net Assets 2016: -$604,0592016Assets 2017: $3,446,734Liabilities 2017: $4,606,079Net Assets 2017: -$1,159,3452017Assets 2018: $3,037,393Liabilities 2018: $4,733,573Net Assets 2018: -$1,696,1802018Assets 2019: $3,745,140Liabilities 2019: $4,822,446Net Assets 2019: -$1,077,3062019Assets 2022: $4,360,900Liabilities 2022: $383,224Net Assets 2022: $3,977,6762022

Highlighted filing

2017

Assets$3,446,734
Liabilities$4,606,079
Net Assets-$1,159,345
Open 2017 Filing

Operations Trend

Revenue Growth34th percentile

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

$15M$10M$5.0M$0-$5.0MRevenue 2014: $5,536,720Expenses 2014: $5,582,135Net Income 2014: -$45,4152014Revenue 2015: $5,055,381Expenses 2015: $5,680,430Net Income 2015: -$625,0492015Revenue 2016: $5,354,373Expenses 2016: $5,928,839Net Income 2016: -$574,4662016Revenue 2017: $5,435,547Expenses 2017: $5,988,268Net Income 2017: -$552,7212017Revenue 2018: $5,469,563Expenses 2018: $6,004,233Net Income 2018: -$534,6702018Revenue 2019: $5,883,033Expenses 2019: $5,257,264Net Income 2019: $625,7692019Revenue 2022: $10,935,694Expenses 2022: $8,197,400Net Income 2022: $2,738,2942022

Highlighted filing

2017

Revenue$5,435,547
Expenses$5,988,268
Net Income-$552,721
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Mar 8, 2018
Return Version
2016v3.0
Gross Receipts
$5,435,547
Mission and Program Overview

Mission

The organizations mission is the operation of a public charter granted by the state of new jersey. The school provides an education to students in grades kindergarten through eighth.

The operation of a public Charter School under a charter granted by the State of New Jersey. The school provides an education to students in grades kindergarten through eighth.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$737,185$755,862▲ $18,677
Pledges and Grants Receivable$118,826$95,299▼ $23,527
Land, Buildings, and Equipment, Net$41,500$38,935▼ $2,565
Total Assets$2,854,627$3,446,734▲ $592,107
Other Assets Total$1,957,116$2,556,638▲ $599,522
Liabilities
Other Liabilities$2,824,677$4,060,389▲ $1,235,712
Accounts Payable and Accrued Expenses$634,009$545,690▼ $88,319
Total Liabilities$3,458,686$4,606,079▲ $1,147,393
Net Assets / Fund Balance
Unrestricted Net Assets$-604,059$-1,159,345▼ $555,286
Total Net Assets Fund Balance$-604,059$-1,159,345▼ $555,286
Total Liabilities and Net Assets / Fund Balance$2,854,627$3,446,734▲ $592,107

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$12,366$40,034$52,400
Other Land Buildings$26,569$15,509$42,078
Other Assets Org$138,360--
Compensation and Service Providers
Top Officer Pay55th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
James BrewerSchool PrincipalFT$134,045$7,781$141,826
Christopher Garlinchief school administratorFT$104,894$7,781$112,675
Jeffrey MohrSchool Vice PrincipalFT$102,319$7,781$110,100
Luis SantiagoSchool Business AdministraFT$93,115$7,781$100,896

Board Members and Trustees

NameTitle
Andrew NyabogaBoard President
Joseph DifeoVice President
Ellen ZadrogaBoard Member
John SeazholtzBoard Member
Patricia MadisonBoard Member
Richard IrvingBoard Member
Wnevins MccannBoard Member
Yvel CelestinBoard Member
eugene squeoBoard Member
Phyllis FasoneTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$5,435,547
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-552,721

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,435,547
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$148,993
Total Revenue per Audited Statements
$5,584,540
Total Revenue per Form 990
$5,435,547
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,576,513
Other Expenses$1,411,755
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,209,943$337,319-$2,547,262
Other Employee Benefits$1,127,734$186,288-$1,314,022
Occupancy$524,297--$524,297
Current Officers, Directors, Trustees, and Key Employees$352,757$120,259-$473,016
Fees for Services Other$375,016$43,429-$418,445
Payroll Taxes$205,881$36,332-$242,213
Insurance$49,427--$49,427
Information Technology$35,345$6,237-$41,582
Fees for Services Accounting-$22,750-$22,750
Other Expenses$16,834$10,624-$16,834
Total Functional Expenses$5,213,519$774,749$0$5,988,268

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$6,139,826
Expenses per Audited Statements$5,988,268
Total Expenses per Form 990$5,988,268
Expenses Not Reported on Form 990$151,558
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
net pension liability$3,628,557
Interfund Payable$359,488
Payable to State Government$72,344
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 B, line 11B

“The form 990 is provided to the ceo and the board of directors. They review the form 990 prior to submission to the irs.”

Form 990, Part VI, Section B, line 12C

“all board members and school officers are required to file annual ethics disclosure statements to the State Ethics Commission.”

Form 990, Part VI, Section B, line 15

“Officer compensation is reviewed and approved annually by the compensation committee of the board. The compensation committee consists of the treasurer and at least two other trustees, the ceo and any other appointees of the board president. The committee makes recommensations to the board for annual compensation and incentive pay based on performance.”

Form 990, Part VI, Section C, line 18

“The organization makes its form 1023 and 990 available for public inspection upon request.”

Form 990, Part VI, Section C, line 19

“The organization makes its governing documents and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Dr Lena Edwards Academic Charter School
EIN
27-1827559
Phone
2014335300
Address
509 BRAMHALL AVENUE, JERSEY CITY, NJ 07304

Signing Officer

Name
Christopher Garlin
Title
Chief Executive Officer
Phone
2014335300
Signed
2018-03-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Christopher Garlin
Formed
2010
Legal Domicile
Nj
Voting Board Members
10
Independent Board Members
10
Employees
72
Volunteers
0

Preparer

Firm
SOBEL & CO LLC CPA'S
Address
293 EISENHOWER PARKWAY, LIVINGSTON, NJ 07039-1711
Preparer
Bridget Hartnett
Phone
9739949494
Supplemental Narrative

Additional Explanations

Form 990, Part XI, line 9:

“depreciation expense -2,565.”

form 990, part XII, line 2C:

“the oversight process has not changed from the prior year.”

Financial Statement Notes

Part X, Line 2:

“The Charter School follows standards that provide clarification on accounting for uncertainty in income taxes recognized in the Charter School's financial statements. The guidance prescribes a recognition threshold and measurement attribute for the recognition and measurement of a tax position taken or expected to be taken in a tax return, and also provides guidance on derecognition, classification, interest and penalties, disclosure and transition. The Charter School's policy is to recognize interest and penalties on unrecorded tax benefits in income tax expense. No interest and penalties were recorded during the year ended June 30, 2017. At June 30, 2017, there are no significant income tax uncertainties that are expected to have a material impact on the Charter School's financial statements.”

Part XI, Line 2D - Other Adjustments:

“Reimbursed TPAF Social Security Contributions 148,993.”

Part XII, Line 2D - Other Adjustments:

“Reimbursed TPAF Social Security Contributions 148,993. DEPRECIATION EXPENSE 2,565.”

form 990, part XI, line 9

“Depreciation expense ($2,565) is reported in governmental funds as expenditures and is shown as an adjustment in the net change of fund balance.”

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IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
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IRS990/Form990PartVIISectionAGrp/TitleTxt10chief school administrator
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IRS990/Form990PartVIISectionAGrp/TitleTxt13SCHOOL PRINCIPAL
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IRS990/MissionDesc0The educational philosophy of Dr. Lena Edwards Academic Charter School is to support the academic and personal success of all its students, which will be achieved by providing each student with a stable, unbroken, continuum of core knowledge and behavioral standards.
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IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt01127734
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01314022
IRS990/OtherExpensesGrp/Desc0COST OF SALES
IRS990/OtherExpensesGrp/Desc1SUPPLIES
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc3TEXTBOOKS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt011511
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt110624
IRS990/OtherExpensesGrp/ProgramServicesAmt0190724
IRS990/OtherExpensesGrp/ProgramServicesAmt165232
IRS990/OtherExpensesGrp/ProgramServicesAmt260329
IRS990/OtherExpensesGrp/ProgramServicesAmt316834
IRS990/OtherExpensesGrp/TotalAmt0190724
IRS990/OtherExpensesGrp/TotalAmt176743
IRS990/OtherExpensesGrp/TotalAmt270953
IRS990/OtherExpensesGrp/TotalAmt316834
IRS990/OtherLiabilitiesGrp/BOYAmt02824677
IRS990/OtherLiabilitiesGrp/EOYAmt04060389
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0337319
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02209943
IRS990/OtherSalariesAndWagesGrp/TotalAmt02547262
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt036332
IRS990/PayrollTaxesGrp/ProgramServicesAmt0205881
IRS990/PayrollTaxesGrp/TotalAmt0242213
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0118826
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt095299
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0CHRISTOPHER GARLIN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611110
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IRS990/ProgramServiceRevenueGrp/BusinessCd4611710
IRS990/ProgramServiceRevenueGrp/Desc0Equalization Aid
IRS990/ProgramServiceRevenueGrp/Desc1NO CHILD LEFT BEHIND T
IRS990/ProgramServiceRevenueGrp/Desc2Special Education Cate
IRS990/ProgramServiceRevenueGrp/Desc3Security Aid
IRS990/ProgramServiceRevenueGrp/Desc4IDEA PART B BASIC
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt04353494
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1308839
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2174343
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3159810
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt487850
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt04353494
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1308839
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2174343
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3159810
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt487850
IRS990/ProgSrvcAccomActy2Grp/Desc0This program supports the goals of the no child left behind act.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0308839
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0308839
IRS990/ProgSrvcAccomActy3Grp/Desc0To support the goals of the individuals with disabilities education act, a program to support special education services.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt087850
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt087850
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt01840335
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt05354373
IRS990/PYRevenuesLessExpensesAmt0-574466
IRS990/PYSalariesCompEmpBnftPaidAmt04088504
IRS990/PYTotalExpensesAmt05928839
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05354373
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-552721
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt05038858
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
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IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt05988268
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt012366
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt040034
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt052400
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0113453
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1751643
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt21369722
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3115980
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt467480
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt5138360
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Interfund Receivables
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1change in pension assumptions
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2change in pension proportion
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3pension payment subsequent to measurement date
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4Differences between expected and actual experience
IRS990ScheduleD/OtherAssetsOrgGrp/Desc5Difference in Pension Earnings
IRS990ScheduleD/OtherExpensesIncludedAmt0151558
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt026569
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt015509
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt042078
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0359488
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt172344
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt23628557
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Interfund Payable
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Payable to State Government
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2net pension liability
IRS990ScheduleD/OtherRevenueAmt0148993
IRS990ScheduleD/RevenueNotReportedAmt0148993
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt05435547
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Charter School follows standards that provide clarification on accounting for uncertainty in income taxes recognized in the Charter School's financial statements. The guidance prescribes a recognition threshold and measurement attribute for the recognition and measurement of a tax position taken or expected to be taken in a tax return, and also provides guidance on derecognition, classification, interest and penalties, disclosure and transition. The Charter School's policy is to recognize interest and penalties on unrecorded tax benefits in income tax expense. No interest and penalties were recorded during the year ended June 30, 2017. At June 30, 2017, there are no significant income tax uncertainties that are expected to have a material impact on the Charter School's financial statements.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Reimbursed TPAF Social Security Contributions 148,993.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Reimbursed TPAF Social Security Contributions 148,993. DEPRECIATION EXPENSE 2,565.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3Depreciation expense ($2,565) is reported in governmental funds as expenditures and is shown as an adjustment in the net change of fund balance.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XI, Line 2d - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XII, Line 2d - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3form 990, part xi, line 9
IRS990ScheduleD/TotalBookValueLandBuildingsAmt038935
IRS990ScheduleD/TotalBookValueOtherAssetsAmt02556638
IRS990ScheduleD/TotalExpensesPerForm990Amt05988268
IRS990ScheduleD/TotalLiabilityAmt04060389
IRS990ScheduleD/TotalRevenuePerForm990Amt05435547
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05584540
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt06139826
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/ExplanationTxt0ADMISSION TO DR. LENA EDWARDS ACADEMIC CHARTER SCHOOL IS OPEN TO ALL INTERESTED STUDENTS SEEKING ENROLLMENT IN GRADES K-8 ON A SPACE-AVAILABLE BASIS WITHOUT REGARD TO SEX, RACE, COLOR, CREED, RELIGION, NATIONAL ORIGIN, INTELLECTUAL OR AHTLETIC ABILITY, MEASURES OF ACHEIVEMENT OR APTITUDE, STATUS AS A HANDICAPPED PERSON, PROFICIENCY IN THE ENGLISH LANGUAGE, OR ANY OTHER BASIS PROHIBITED BY PUBLIC SCHOOL REGULATIONS.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1Dr. Lena Edwards Charter School receives a majority of its assistance from the U.S. Department of Education passed through State Department of Education: No Child Left Behind School Act-Title I: $308,839 Supplemental Special Education Aid-IDEA: $87,850 Charter School Aid: Equalization Aid: $4,353,494 Security Aid: $159,810 Special Education: $174,343 U.S. Dept. of Agriculture passed through State Department of Education: School Breakfast Program, National School Lunch Program Child and Adult Care Food Program.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Part I, Line 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS PROVIDED TO THE CEO AND THE BOARD OF DIRECTORS. THEY REVIEW THE FORM 990 PRIOR TO SUBMISSION TO THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1all board members and school officers are required to file annual ethics disclosure statements to the State Ethics Commission.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2OFFICER COMPENSATION IS REVIEWED AND APPROVED ANNUALLY BY THE COMPENSATION COMMITTEE OF THE BOARD. THE COMPENSATION COMMITTEE CONSISTS OF THE TREASURER AND AT LEAST TWO OTHER TRUSTEES, THE CEO AND ANY OTHER APPOINTEES OF THE BOARD PRESIDENT. THE COMMITTEE MAKES RECOMMENSATIONS TO THE BOARD FOR ANNUAL COMPENSATION AND INCENTIVE PAY BASED ON PERFORMANCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS FORM 1023 AND 990 AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5depreciation expense -2,565.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6the oversight process has not changed from the prior year.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, line 19

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,446,734
Liabilities
$4,606,079
Net assets
-$1,159,345
Revenue
$5,435,547
Expenses
$5,988,268
Net income
-$552,721
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.36$0.38$3.98$10.9$8.20$2.74
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.75$4.82$1.08$5.88$5.26$0.63
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.04$4.73$1.70$5.47$6.00$0.53
2017Detailed filing. Detailed filing data is available for this year.$3.45$4.61$1.16$5.44$5.99$0.55
2016Detailed filing. Detailed filing data is available for this year.$2.85$3.46$0.60$5.35$5.93$0.57
2015Detailed filing. Detailed filing data is available for this year.$2.09$2.11$0.02$5.06$5.68$0.63
2014Detailed filing. Detailed filing data is available for this year.$1.34$0.48$0.86$5.54$5.58$0.05