Civic Intelligence

Beloved Community Charter School Inc.

990 • Fiscal year 2020 • EIN 45-3689749

Jul 01, 2019 to Jun 30, 2020 • Filed on Mar 30, 2021

Organization ProfileBELOVEDCCS.ORG
508 Grand StreetJersey City, NJ 07302

(201) 744-9775

Siviq Scores

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

Liabilities / Assets

56th percentile

0.46x

Higher debt load relative to assets than 56% of similar nonprofits.

2020 filings • NTEE B • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

31st percentile

0.15x

Higher debt load relative to revenue than 31% of similar nonprofits.

2020 filings • NTEE B • $10M-$25M nonprofits • Source year 2020

Net Margin

60th percentile

5.9%

Higher net margin than 60% of similar nonprofits.

2020 filings • NTEE B • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

22nd percentile

$0

Higher top officer pay than 22% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • NTEE B • $10M-$25M nonprofits • Source year 2020

Asset Growth

94th percentile

80%

Faster asset growth than 94% of similar nonprofits.

2020 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

84th percentile

29%

Faster revenue growth than 84% of similar nonprofits.

2020 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets56th percentile

Assets

Up

$5,921,749

Up $2,630,245 (+80%) from 2019

Net Assets

Up

$3,185,534

Up $1,083,917 (+52%) from 2019

Liabilities

Up

$2,736,215

Up $1,546,328 (+130%) from 2019

Revenue And Expenses
Liabilities / Revenue31st percentileNet Margin60th percentile

Revenue

Up

$18,343,300

Up $4,157,745 (+29%) from 2019

Expenses

Up

$17,259,383

Up $3,866,468 (+29%) from 2019

Net Income

Up

$1,083,917

Up $291,277 (+37%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth94th percentile

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

$30M$20M$10M$0-$10MAssets 2012: $1Liabilities 2012: $02012Assets 2013: $711,977Liabilities 2013: $434,121Net Assets 2013: $277,8562013Assets 2014: $692,526Liabilities 2014: $781,447Net Assets 2014: -$88,9212014Assets 2015: $440,685Liabilities 2015: $869,608Net Assets 2015: -$428,9232015Assets 2016: $1,131,298Liabilities 2016: $1,357,283Net Assets 2016: -$225,9852016Assets 2017: $1,510,496Liabilities 2017: $775,393Net Assets 2017: $735,1032017Assets 2018: $2,758,958Liabilities 2018: $1,449,981Net Assets 2018: $1,308,9772018Assets 2019: $3,291,504Liabilities 2019: $1,189,887Net Assets 2019: $2,101,6172019Assets 2020: $5,921,749Liabilities 2020: $2,736,215Net Assets 2020: $3,185,5342020Assets 2021: $8,344,008Liabilities 2021: $1,300,203Net Assets 2021: $7,043,8052021Assets 2022: $14,406,438Liabilities 2022: $1,642,268Net Assets 2022: $12,764,1702022Assets 2023: $26,376,496Liabilities 2023: $1,963,194Net Assets 2023: $24,413,3022023

Highlighted filing

2020

Assets$5,921,749
Liabilities$2,736,215
Net Assets$3,185,534
Open 2020 Filing

Operations Trend

Revenue Growth84th percentile

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

$60M$40M$20M$0-$20MRevenue 2012: $0Expenses 2012: $0Net Income 2012: $02012Expenses 2013: $4,058,7122013Revenue 2014: $6,010,381Expenses 2014: $6,377,158Net Income 2014: -$366,7772014Revenue 2015: $7,671,966Expenses 2015: $8,011,968Net Income 2015: -$340,0022015Revenue 2016: $9,366,119Expenses 2016: $9,163,181Net Income 2016: $202,9382016Revenue 2017: $11,802,529Expenses 2017: $10,841,441Net Income 2017: $961,0882017Revenue 2018: $12,044,711Expenses 2018: $11,470,837Net Income 2018: $573,8742018Revenue 2019: $14,185,555Expenses 2019: $13,392,915Net Income 2019: $792,6402019Revenue 2020: $18,343,300Expenses 2020: $17,259,383Net Income 2020: $1,083,9172020Revenue 2021: $25,777,162Expenses 2021: $21,918,891Net Income 2021: $3,858,2712021Revenue 2022: $32,641,813Expenses 2022: $26,921,448Net Income 2022: $5,720,3652022Revenue 2023: $43,840,051Expenses 2023: $40,589,290Net Income 2023: $3,250,7612023

Highlighted filing

2020

Revenue$18,343,300
Expenses$17,259,383
Net Income$1,083,917
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Mar 30, 2021
Return Version
2019v5.1
Gross Receipts
$18,343,300
Mission and Program Overview

Mission

The misson of the BelovED Community Charter School is to delovep values, skills, knowledge, confidence and character in its scholars that will propel them to success in school, college, and their careers and to the fulfillment of a socially contributory life.

BelovED Community Charter School is committed to children having brighter prospects. We are committed to developing the kind of values, skills, knowledge, confidence and character in our students that will propel them to success in school, college, and career, and lead to a happy, contributory life.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$2,068,355$4,183,520▲ $2,115,165
Accounts Receivable$1,223,149$1,738,229▲ $515,080
Total Assets$3,291,504$5,921,749▲ $2,630,245
Liabilities
Other Liabilities-$1,500,755-
Accounts Payable and Accrued Expenses$1,189,887$1,235,460▲ $45,573
Total Liabilities$1,189,887$2,736,215▲ $1,546,328
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,101,617$3,185,534▲ $1,083,917
Total Net Assets Fund Balance$2,101,617$3,185,534▲ $1,083,917
Total Liabilities and Net Assets / Fund Balance$3,291,504$5,921,749▲ $2,630,245
Compensation and Service Providers
Top Officer Pay22nd percentile

Board Members and Trustees

NameTitle
Jessica LisboaTrustee
Nicole JacksonTrustee
Salvatore RisalvatoTrustee
Sam MikhailTrustee
Sheridan BellTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$18,283,110
Program Service Revenue
$60,190
Investment Income
$0
Other Revenue
$0
All Other Contributions
$1,028,515
Change in Net Assets
$1,083,917

Audited Revenue Reconciliation

Revenue per Audited Statements
$18,343,300
Total Revenue per Audited Statements
$18,343,300
Total Revenue per Form 990
$18,343,300
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$11,473,013
Other Expenses$5,786,370
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$7,490,704$1,426,801-$8,917,505
Other Employee Benefits$2,146,627$408,881-$2,555,508
Occupancy$1,715,137$326,693-$2,041,830
Other Expenses$488,316$93,012-$581,328
Insurance$251,003$47,810-$298,813
All Other Expenses$83,047--$83,047
Total Functional Expenses$14,681,338$2,578,045$0$17,259,383

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$17,259,383
Total Expenses per Audited Statements$17,259,383
Total Expenses per Form 990$17,259,383
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
Federal income taxes$1,500,755
Paycheck Protection Program - CARES ACT-
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 35% controlled entity
No
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
Yes
Management duties delegated
No

Governance Explanations

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

“The Board follows the conflict of interest prescribed by the NJ Department of Education.”

Form 990, Part VI, Section B, Line 15B

“The Board reviews and approves all salaries.”

Form 990, Part VI, Section B, Line 11A

“Board reviews the Form 990 with the outside auditor before submittal.”

Form 990, Part VI, Section C, Line 19

“All governing documents, conflict of interest policies and financial statements are available to the public by contacting the administration at the school.”

Filing and Contact Details

Filer

Filer Name
Beloved Community Charter School
EIN
45-3689749
Phone
2017449775
Address
508 GRAND STREET, JERSEY CITY, NJ 07302

Signing Officer

Name
Richard Raschdorf
Title
Board Secretary
Signed
2021-03-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard Raschdorf
Formed
2012
Legal Domicile
Nj
Voting Board Members
5
Independent Board Members
5
Employees
251

Preparer

Firm
Scott J Loefflercpa
Address
12 MERRY LANE, EAST HANOVER, NJ 07936
Preparer
Scott J Loefflercpa
Phone
9735854989
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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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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0The school is a Public Charter School that receives ESEA and IDEA Grants for education of students within the school.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Board follows the conflict of interest prescribed by the NJ Department of Education.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Board reviews and approves all salaries.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Board reviews the Form 990 with the outside auditor before submittal.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3All governing documents, conflict of interest policies and financial statements are available to the public by contacting the administration at the school.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 11A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NJ
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt03291504
IRS990/TotalAssetsEOYAmt05921749
IRS990/TotalAssetsGrp/BOYAmt03291504
IRS990/TotalAssetsGrp/EOYAmt05921749
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt018283110
IRS990/TotalEmployeeCnt0251
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt02578045
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt014681338
IRS990/TotalFunctionalExpensesGrp/TotalAmt017259383
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01189887
IRS990/TotalLiabilitiesEOYAmt02736215
IRS990/TotalLiabilitiesGrp/BOYAmt01189887
IRS990/TotalLiabilitiesGrp/EOYAmt02736215
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02101617
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03185534
IRS990/TotalProgramServiceExpensesAmt014681338
IRS990/TotalProgramServiceRevenueAmt060190
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt060190
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt018343300
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03291504
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt05921749
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0508 GRAND STREET
IRS990/USAddress/CityNm0JERSEY CITY
IRS990/USAddress/StateAbbreviationCd0NJ
IRS990/USAddress/ZIPCd007302
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0BELOVEDCCS.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0RICHARD RASCHDORF
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0BOARD SECRETARY
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-03-30
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BELOVED COMMUNITY CHARTER SCHOOL
ReturnHeader/Filer/BusinessNameControlTxt0BELO
ReturnHeader/Filer/EIN0453689749
ReturnHeader/Filer/PhoneNum02017449775
ReturnHeader/Filer/USAddress/AddressLine1Txt0508 GRAND STREET
ReturnHeader/Filer/USAddress/CityNm0JERSEY CITY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NJ
ReturnHeader/Filer/USAddress/ZIPCd007302
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SCOTT J LOEFFLERCPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt012 MERRY LANE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0EAST HANOVER
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd007936
ReturnHeader/PreparerPersonGrp/PhoneNum09735854989
ReturnHeader/PreparerPersonGrp/PreparationDt02021-03-30
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SCOTT J LOEFFLERCPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02021-03-30T06:01:46-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-07-01
ReturnHeader/TaxPeriodEndDt02020-06-30
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,921,749
Liabilities
$2,736,215
Net assets
$3,185,534
Revenue
$18,343,300
Expenses
$17,259,383
Net income
$1,083,917
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$26.4$1.96$24.4$43.8$40.6$3.25
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.4$1.64$12.8$32.6$26.9$5.72
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.34$1.30$7.04$25.8$21.9$3.86
2020Detailed filing. Detailed filing data is available for this year.$5.92$2.74$3.19$18.3$17.3$1.08
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.29$1.19$2.10$14.2$13.4$0.79
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.76$1.45$1.31$12.0$11.5$0.57
2017Summary only. Only limited summary data is available for this year.$1.51$0.78$0.74$11.8$10.8$0.96
2016Detailed filing. Detailed filing data is available for this year.$1.13$1.36$0.23$9.37$9.16$0.20
2015Summary only. Only limited summary data is available for this year.$0.44$0.87$0.43$7.67$8.01$0.34
2014Detailed filing. Detailed filing data is available for this year.$0.69$0.78$0.09$6.01$6.38$0.37
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.71$0.43$0.28$4.06
2012Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00