Civic Intelligence

Beloved Community Charter School Inc.

990 • Fiscal year 2021 • EIN 45-3689749

Jul 01, 2020 to Jun 30, 2021 • Filed on May 11, 2022

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

42nd percentile

0.16x

Higher debt load relative to assets than 42% of similar nonprofits.

2021 filings • NTEE B • $25M-$50M nonprofits • Source year 2021

Liabilities / Revenue

20th percentile

0.05x

Higher debt load relative to revenue than 20% of similar nonprofits.

2021 filings • NTEE B • $25M-$50M nonprofits • Source year 2021

Net Margin

61st percentile

15%

Higher net margin than 61% of similar nonprofits.

2021 filings • NTEE B • $25M-$50M nonprofits • Source year 2021

Top Officer Pay

27th percentile

$133,994

Higher top officer pay than 27% of similar nonprofits.

Top officer pay equals 0.5% of source-year revenue.

2021 filings • NTEE B • $25M-$50M nonprofits • Source year 2021

Asset Growth

87th percentile

41%

Faster asset growth than 87% of similar nonprofits.

2021 filings • NTEE B • $25M-$50M nonprofits • Annualized from 2020 to 2021

Revenue Growth

80th percentile

41%

Faster revenue growth than 80% of similar nonprofits.

2021 filings • NTEE B • $25M-$50M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets42nd percentile

Assets

Up

$8,344,008

Up $2,422,259 (+41%) from 2020

Net Assets

Up

$7,043,805

Up $3,858,271 (+121%) from 2020

Liabilities

Down

$1,300,203

Down $1,436,012 (-52%) from 2020

Revenue And Expenses
Liabilities / Revenue20th percentileNet Margin61st percentile

Revenue

Up

$25,777,162

Up $7,433,862 (+41%) from 2020

Expenses

Up

$21,918,891

Up $4,659,508 (+27%) from 2020

Net Income

Up

$3,858,271

Up $2,774,354 (+256%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth87th 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

2021

Assets$8,344,008
Liabilities$1,300,203
Net Assets$7,043,805
Open 2021 Filing

Operations Trend

Revenue Growth80th 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

2021

Revenue$25,777,162
Expenses$21,918,891
Net Income$3,858,271
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 11, 2022
Return Version
2020v4.2
Gross Receipts
$25,777,162
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$4,183,520$6,831,708▲ $2,648,188
Accounts Receivable$1,738,229$1,512,300▼ $225,929
Total Assets$5,921,749$8,344,008▲ $2,422,259
Liabilities
Other Liabilities$1,500,755--
Accounts Payable and Accrued Expenses$1,235,460$1,159,919▼ $75,541
Deferred Revenue-$140,284-
Total Liabilities$2,736,215$1,300,203▼ $1,436,012
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,185,534$7,043,805▲ $3,858,271
Total Net Assets Fund Balance$3,185,534$7,043,805▲ $3,858,271
Total Liabilities and Net Assets / Fund Balance$5,921,749$8,344,008▲ $2,422,259
Compensation and Service Providers
Top Officer Pay27th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Kenneth SchultzBus AdminFT$133,994$133,994
Michele LinkKey EmployeeFT$105,011$105,011

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$25,776,281
Program Service Revenue
$881
Investment Income
$0
Other Revenue
$0
All Other Contributions
$537,590
Change in Net Assets
$3,858,271

Audited Revenue Reconciliation

Revenue per Audited Statements
$25,777,162
Total Revenue per Audited Statements
$25,777,162
Total Revenue per Form 990
$25,777,162
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$14,065,307
Other Expenses$7,853,584
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$8,991,643$1,586,760-$10,578,403
Other Employee Benefits$2,963,868$523,036-$3,486,904
Occupancy$2,664,113$470,138-$3,134,251
All Other Expenses$556,397--$556,397
Other Expenses$368,598$65,047-$433,645
Insurance$274,727$48,481-$323,208
Total Functional Expenses$18,847,618$3,071,273$0$21,918,891

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$21,918,891
Total Expenses per Audited Statements$21,918,891
Total Expenses per Form 990$21,918,891
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-
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 independent outside accountant 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 Raschdorg
Title
Board Secretary
Signed
2022-05-11
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
258

Preparer

Firm
Scott J Loeffler CPA
Address
186 COLUMBIA TPKE 5145, FLORHAM PARK, NJ 07932
Preparer
Scott J Loeffler CPA
Phone
9735854989
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IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0The school is a Public Charter School that receives ESEA and IDEA Grants for education of students within the school. The school received forgiveness on their Paycheck Protection Loan.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc06a
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
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 independent outside accountant 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/TotalAssetsBOYAmt05921749
IRS990/TotalAssetsEOYAmt08344008
IRS990/TotalAssetsGrp/BOYAmt05921749
IRS990/TotalAssetsGrp/EOYAmt08344008
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt025776281
IRS990/TotalEmployeeCnt0258
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt03071273
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt018847618
IRS990/TotalFunctionalExpensesGrp/TotalAmt021918891
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02736215
IRS990/TotalLiabilitiesEOYAmt01300203
IRS990/TotalLiabilitiesGrp/BOYAmt02736215
IRS990/TotalLiabilitiesGrp/EOYAmt01300203
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03185534
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt07043805
IRS990/TotalProgramServiceExpensesAmt018847618
IRS990/TotalProgramServiceRevenueAmt0881
IRS990/TotalReportableCompFromOrgAmt0239005
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt025777162
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt05921749
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt08344008
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/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0RICHARD RASCHDORG
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0BOARD SECRETARY
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-05-11
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 LOEFFLER CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0186 COLUMBIA TPKE 5145
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FLORHAM PARK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd007932
ReturnHeader/PreparerPersonGrp/PhoneNum09735854989
ReturnHeader/PreparerPersonGrp/PreparationDt02022-05-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SCOTT J LOEFFLER CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02022-05-11T09:27:59-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0RICHARD
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0RASCHDORF
ReturnHeader/TaxPeriodBeginDt02020-07-01
ReturnHeader/TaxPeriodEndDt02021-06-30
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$8,344,008
Liabilities
$1,300,203
Net assets
$7,043,805
Revenue
$25,777,162
Expenses
$21,918,891
Net income
$3,858,271
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
2021Detailed filing. Detailed filing data is available for this year.$8.34$1.30$7.04$25.8$21.9$3.86
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$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
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2021 filings • 501(c)3 • $25M-$50M nonprofits