Civic Intelligence

Thomas Edison Energy-Smart Charter School

990 • Fiscal year 2015 • EIN 27-4502163

Jul 01, 2014 to Jun 30, 2015 • Filed on Feb 08, 2016

92 Cortelyous LaneFranklin Township, NJ 08873

(732) 412-7643

Siviq Scores

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

Liabilities / Assets

29th percentile

0.02x

Higher debt load relative to assets than 29% of similar nonprofits.

2015 filings • NTEE B • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

23rd percentile

0.01x

Higher debt load relative to revenue than 23% of similar nonprofits.

2015 filings • NTEE B • $1M-$5M nonprofits • Source year 2015

Net Margin

55th percentile

4.6%

Higher net margin than 55% of similar nonprofits.

2015 filings • NTEE B • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

52nd percentile

$75,113

Higher top officer pay than 52% of similar nonprofits.

Top officer pay equals 2.2% of source-year revenue.

2015 filings • NTEE B • $1M-$5M nonprofits • Source year 2015

Asset Growth

69th percentile

13%

Faster asset growth than 69% of similar nonprofits.

2015 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

69th percentile

15%

Faster revenue growth than 69% of similar nonprofits.

2015 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

$1,485,961

No earlier filing loaded for comparison.

Net Assets

$1,463,476

No earlier filing loaded for comparison.

Liabilities

$22,485

No earlier filing loaded for comparison.

Revenue

$3,445,627

No earlier filing loaded for comparison.

Expenses

$3,287,131

No earlier filing loaded for comparison.

Net Income

$158,496

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.

$15M$10M$5.0M$0Assets 2015: $1,485,961Liabilities 2015: $22,485Net Assets 2015: $1,463,4762015Assets 2016: $1,720,239Liabilities 2016: $20,695Net Assets 2016: $1,699,5442016Assets 2018: $3,197,470Liabilities 2018: $2,254,536Net Assets 2018: $942,9342018Assets 2019: $3,998,394Liabilities 2019: $2,716,059Net Assets 2019: $1,282,3352019Assets 2020: $4,794,964Liabilities 2020: $2,781,533Net Assets 2020: $2,013,4312020Assets 2021: $6,786,495Liabilities 2021: $3,610,609Net Assets 2021: $3,175,8862021Assets 2022: $14,551,818Liabilities 2022: $9,193,218Net Assets 2022: $5,358,6002022Assets 2024: $13,264,155Liabilities 2024: $8,205,678Net Assets 2024: $5,058,4772024

Highlighted filing

2015

Assets$1,485,961
Liabilities$22,485
Net Assets$1,463,476

Operations Trend

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

$15M$10M$5.0M$0-$5.0MRevenue 2015: $3,445,627Expenses 2015: $3,287,131Net Income 2015: $158,4962015Revenue 2016: $4,053,278Expenses 2016: $3,817,210Net Income 2016: $236,0682016Revenue 2018: $6,134,285Expenses 2018: $6,317,648Net Income 2018: -$183,3632018Revenue 2019: $7,181,395Expenses 2019: $6,841,994Net Income 2019: $339,4012019Revenue 2020: $8,214,274Expenses 2020: $7,483,178Net Income 2020: $731,0962020Revenue 2021: $9,230,051Expenses 2021: $8,084,051Net Income 2021: $1,146,0002021Revenue 2022: $12,922,229Expenses 2022: $10,739,515Net Income 2022: $2,182,7142022Revenue 2024: $12,418,196Expenses 2024: $12,529,890Net Income 2024: -$111,6942024

Highlighted filing

2015

Revenue$3,445,627
Expenses$3,287,131
Net Income$158,496
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Feb 8, 2016
Return Version
2014v6.0
Gross Receipts
$3,476,378
Mission and Program Overview

Mission

The mission of the Thomas Edison EnergySmart Charter School is to provide academic and social challenges and opportunities to students,instilling the skills and knowledge that they will need to succeed in their lives. The school aims to forge a powerful partnership out of the student-teacher-parent triad. This partnership will provide and empower our youth with the support necessary to reach their highest potential intellectually, socially, emotionally and physically building on their inherent promise to aid in their preparation for college and career. The schools specific goals are to make its students aware of the green renewable resources and the hazards of global warming. Students are exposed to well designed common core aligned curriculum. Teachers 21st century skills and technology to make learning interactive, interesting and engaging for all students. Thomas Edison EnergySmart Charter School also offers after school activities like drama clubs, robotics, I-Pad classes, and simi

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,185,083$1,309,141▲ $124,058
Accounts Receivable$50,624$109,520▲ $58,896
Pledges and Grants Receivable$70,627$0▼ $70,627
Prepaid Expenses and Deferred Charges-$67,300-
Inventories for Sale or Use$10,441$0▼ $10,441
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$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-
Total Assets$1,316,775$1,485,961▲ $169,186
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$11,704$21,590▲ $9,886
Other Liabilities$91$895▲ $804
Total Liabilities$11,795$22,485▲ $10,690
Net Assets / Fund Balance
Unrestricted Net Assets$1,304,980$1,463,476▲ $158,496
Total Net Assets Fund Balance$1,304,980$1,463,476▲ $158,496
Total Liabilities and Net Assets / Fund Balance$1,316,775$1,485,961▲ $169,186
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Oguz YildizChief Educ OffrFT$75,113$75,113
Ilgar SadigovBusiness AdminFT$61,347$61,347

Board Members and Trustees

NameTitle
Ferit UcarPresident
Ferhat TureTrustee
Hanin NashifTrustee
Naif TiryakiTrustee
Raif RustamovTrustee
Keshaw SahayVP-trustees
Revenue and Support

Revenue Composition

Contributions and Grants
$3,329,072
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$116,555
Change in Net Assets
$158,496
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,162,744
Other Expenses$1,124,387
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$1,116,868$547,450-$1,664,318
Office Expenses$253,204$323,741-$576,945
Occupancy$186,983$80,517-$267,500
Other Employee Benefits$179,054$77,103-$256,157
Other Salaries and Wages$154,761--$154,761
Fees for Services Management$61,701$71,584-$133,285
Payroll Taxes$61,168$26,340-$87,508
Insurance-$20,958-$20,958
Fees for Services Accounting-$15,940-$15,940
Other Expenses$9,759$30,100-$9,759
Total Functional Expenses$2,093,398$1,193,733$0$3,287,131
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other Current Liabilities$895
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
No
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
No
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

The board of trustees and designated school officials review the tax form 990 return prior to submission and filing with the irs.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Each school official and key employee, and each member of the board of trustees must complete a "school ethics/personal/relative disclosure statement," pursuant to applicable new jersey state law. These forms are filed with the appropriate governmental entities, also per applicable new jersey state law.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

Salary and compensation of the ceo/lead person of the school is reviewed and evaluated by board of trustees of the thomas edison energysmart 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 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 thomas edison energysmart charter school are available to the public on the school's website. 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

Filer Name
Thomas Edison Energysmart Charter School
EIN
27-4502163
Phone
7324127643
Address
92 CORTELYOUS LANE, FRANKLIN TOWNSHIP, NJ 08873

Signing Officer

Name
Ilgar Sadov
Title
Business Admin
Signed
2016-02-08
Discuss with paid preparer
Yes

Organization Details

Formed
2011
Legal Domicile
Nj
Voting Board Members
6
Independent Board Members
6
Employees
47

Preparer

Firm
Barre & Company
Address
2204 MORRIS AVE STE 206, UNION, NJ 07083-5914
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.

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IRS990/MissionDesc0The mission of the Thomas Edison EnergySmart Charter School is to provide academic and social challenges and opportunities to students,instilling the skills and knowledge that they will need to succeed in their lives. The school aims to forge a powerful partnership out of the student-teacher-parent triad. This partnership will provide and empower our youth with the support necessary to reach their highest potential intellectually, socially, emotionally and physically building on their inherent promise to aid in their preparation for college and career. The schools specific goals are to make its students aware of the green renewable resources and the hazards of global warming. Students are exposed to well designed common core aligned curriculum. Teachers 21st century skills and technology to make learning interactive, interesting and engaging for all students. Thomas Edison EnergySmart Charter School also offers after school activities like drama clubs, robotics, I-Pad classes, and simi
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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE 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/ExplanationTxt1THOMAS EDISON ENERGYSMART CHARTER SCHOOL MAINTAINS A RACIALLY NONDISCRIMINATORY POLICY TOWARDS ALL STUDENTS, IN THAT THE CHARTER SCHOOL DOES NOT DISCRIMINATE AGAINST ANY STUDENT, OR EMPLOYEE, FOR REASONS OF RACE, COLOR, CREED, SEX, AGE, RELIGION, ETHNIC ORIGIN, FAMILY AFFILIATION, DISABILITIES, SOCIAL OR ECONOMIC STATUS, MARITAL STATUS, SEXUAL ORIENTATION, OR BECAUSE OF LIABILITY FOR SERVICE IN THE UNITED STATES ARMED FORCES. THE RACIALLY NONDISCRIMINATORY POLICY IS CONTAINED IN THE SCHOOL BY-LAWS AND IS COMMUNICATED TO STUDENTS AND PARENTS. THE SCHOOL INTENDS TO PUBLISH THIS POLICY IN ITS BROCHURE AND ON ITS WEBSITE.IN ADDITION, FOUNDATION ACADEMY 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/FormAndLineReferenceDesc0Schedule E, Line 6 - Explanation of Aid or Assistance from Governmental Agency
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2Schedule E, Line 4 - Explanation of Records and Materials Not Maintained
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc3Schedule E, Line 5 - Explanation of Organization Discrimination by Race
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF TRUSTEES AND DESIGNATED SCHOOL OFFICIALS REVIEW THE TAX FORM 990 RETURN PRIOR TO SUBMISSION AND FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH SCHOOL OFFICIAL AND KEY EMPLOYEE, AND EACH MEMBER OF THE BOARD OF TRUSTEES MUST COMPLETE A "SCHOOL ETHICS/PERSONAL/RELATIVE DISCLOSURE STATEMENT," PURSUANT TO APPLICABLE NEW JERSEY STATE LAW. THESE FORMS ARE FILED WITH THE APPROPRIATE GOVERNMENTAL ENTITIES, ALSO PER APPLICABLE NEW JERSEY STATE LAW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2SALARY AND COMPENSATION OF THE CEO/LEAD PERSON OF THE SCHOOL IS REVIEWED AND EVALUATED BY BOARD OF TRUSTEES OF THE THOMAS EDISON ENERGYSMART 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/ExplanationTxt3SALARY 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 CHARTER SCHOOL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE MINUTES FOR THE MEETINGS OF THE BOARD OF TRUSTEES OF THE THOMAS EDISON ENERGYSMART CHARTER SCHOOL ARE AVAILABLE TO THE PUBLIC ON THE SCHOOL'S WEBSITE. 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/ExplanationTxt5THE CHARTER SCHOOL FOLLOWS STATE AND FEDERAL REGULATIONS AND STANDARDS GOVERNING RECORD RETENTION AND DESTRUCTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6WHILE 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/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5DOCUMENT RETENTION AND DESTRUCTION POLICY
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6WHISTLEBLOWER POLICY
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