Civic Intelligence

Beloved Community Charter School Inc.

990 • Fiscal year 2023 • EIN 45-3689749

Jul 01, 2022 to Jun 30, 2023 • Filed on Jul 23, 2024

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

28th percentile

0.07x

Higher debt load relative to assets than 28% of similar nonprofits.

2023 filings • NTEE B • $25M-$50M nonprofits • Source year 2023

Liabilities / Revenue

17th percentile

0.04x

Higher debt load relative to revenue than 17% of similar nonprofits.

2023 filings • NTEE B • $25M-$50M nonprofits • Source year 2023

Net Margin

63rd percentile

7.4%

Higher net margin than 63% of similar nonprofits.

2023 filings • NTEE B • $25M-$50M nonprofits • Source year 2023

Top Officer Pay

38th percentile

$164,345

Higher top officer pay than 38% of similar nonprofits.

Top officer pay equals 0.4% of source-year revenue.

2023 filings • NTEE B • $25M-$50M nonprofits • Source year 2023

Asset Growth

84th percentile

83%

Faster asset growth than 84% of similar nonprofits.

2023 filings • NTEE B • $25M-$50M nonprofits • Annualized from 2022 to 2023

Revenue Growth

85th percentile

34%

Faster revenue growth than 85% of similar nonprofits.

2023 filings • NTEE B • $25M-$50M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets28th percentile

Assets

Flat

$26,376,496

Flat from 2023

Net Assets

Flat

$24,413,302

Flat from 2023

Liabilities

Flat

$1,963,194

Flat from 2023

Revenue And Expenses
Liabilities / Revenue17th percentileNet Margin63rd percentile

Revenue

Flat

$43,840,051

Flat from 2023

Expenses

Flat

$40,589,290

Flat from 2023

Net Income

Flat

$3,250,761

Flat from 2023

Historical Trend

Balance Sheet Trend

Asset Growth84th 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: $24,413,3022023Assets 2023: $26,376,496Liabilities 2023: $1,963,194Net Assets 2023: $24,413,3022023

Highlighted filing

2023

Assets$26,376,496
Liabilities$1,963,194
Net Assets$24,413,302
Open 2023 Filing

Operations Trend

Revenue Growth85th 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: $3,250,7612023Revenue 2023: $43,840,051Expenses 2023: $40,589,290Net Income 2023: $3,250,7612023

Highlighted filing

2023

Revenue$43,840,051
Expenses$40,589,290
Net Income$3,250,761
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Jul 23, 2024
Return Version
2022v5.0
Gross Receipts
$43,840,051
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$12,460,556$13,555,651▲ $1,095,095
Accounts Receivable$1,945,882$4,285,574▲ $2,339,692
Total Assets$14,406,438$26,376,496▲ $11,970,058
Other Assets Total-$8,535,271-
Liabilities
Accounts Payable and Accrued Expenses$1,227,294$1,531,145▲ $303,851
Grants Payable$273,412$314,388▲ $40,976
Deferred Revenue$141,562$117,661▼ $23,901
Total Liabilities$1,642,268$1,963,194▲ $320,926
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$12,764,170$24,413,302▲ $11,649,132
Total Net Assets Fund Balance$12,764,170$24,413,302▲ $11,649,132
Total Liabilities and Net Assets / Fund Balance$14,406,438$26,376,496▲ $11,970,058

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$8,398,371--
Compensation and Service Providers
Top Officer Pay38th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Kenneth SchultzBus AdminFT$164,345$164,345
Michele LinkKey EmployeeFT$120,880$120,880

Board Members and Trustees

NameTitle
Jessica LisboaTrustee
Kathleen MoneTrustee
Maggie JohnsonTrustee
Nicole JacksonTrustee
Salvatore RisalvatoTrustee
Sam MikhailTrustee
Sheridan BellTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$43,714,028
Program Service Revenue
$126,023
Investment Income
$0
Other Revenue
$0
All Other Contributions
$2,002,586
Change in Net Assets
$3,250,761

Audited Revenue Reconciliation

Revenue per Audited Statements
$43,840,051
Total Revenue per Audited Statements
$43,840,051
Total Revenue per Form 990
$43,840,051
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$22,210,979
Other Expenses$18,378,311
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$13,745,584$2,145,264-$15,890,848
Other Expenses$9,773,485$147,650-$9,773,485
Other Employee Benefits$5,466,913$853,218-$6,320,131
Occupancy$2,093,140$326,675-$2,419,815
All Other Expenses$841,617$131,351-$972,968
Insurance$404,183$63,081-$467,264
Total Functional Expenses$36,547,583$4,041,707$0$40,589,290

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$40,589,290
Total Expenses per Audited Statements$40,589,290
Total Expenses per Form 990$40,589,290
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 Raschdorf
Title
Business Administrator
Phone
2017449775
Signed
2024-07-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard Raschdorf
Formed
2012
Legal Domicile
Nj
Voting Board Members
7
Independent Board Members
7
Employees
384

Preparer

Firm
Scott J Loeffler CPA
Address
186 COLUMBIA TPKE 5145, FLORHAM PARK, NJ 07932
Preparer
Scott J Loeffler CPA
Phone
9735854989
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Increase in deferred capital improvements”

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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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IRS990/PYOtherExpensesAmt08814801
IRS990/PYProgramServiceRevenueAmt018727
IRS990/PYRevenuesLessExpensesAmt05720365
IRS990/PYSalariesCompEmpBnftPaidAmt018106647
IRS990/PYTotalExpensesAmt026921448
IRS990/PYTotalRevenueAmt032641813
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt03250761
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt043840051
IRS990/RoyaltiesGrp/TotalAmt00
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/ExpensesSubtotalAmt040589290
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0136900
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt18398371
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Prepaid Expenses
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Deferred Capital Improvements
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Paycheck Protection Program - CARES ACT
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/RevenueSubtotalAmt043840051
IRS990ScheduleD/TotalBookValueOtherAssetsAmt08535271
IRS990ScheduleD/TotalExpensesPerForm990Amt040589290
IRS990ScheduleD/TotalRevenuePerForm990Amt043840051
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt043840051
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt040589290
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
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.
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/ExplanationTxt4Increase in deferred capital improvements
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part XI, Line 9
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NJ
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt014406438
IRS990/TotalAssetsEOYAmt026376496
IRS990/TotalAssetsGrp/BOYAmt014406438
IRS990/TotalAssetsGrp/EOYAmt026376496
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt043714028
IRS990/TotalEmployeeCnt0384
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt04041707
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt036547583
IRS990/TotalFunctionalExpensesGrp/TotalAmt040589290
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01642268
IRS990/TotalLiabilitiesEOYAmt01963194
IRS990/TotalLiabilitiesGrp/BOYAmt01642268
IRS990/TotalLiabilitiesGrp/EOYAmt01963194
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt012764170
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt024413302
IRS990/TotalProgramServiceExpensesAmt036547583
IRS990/TotalProgramServiceRevenueAmt0126023
IRS990/TotalReportableCompFromOrgAmt0285225
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt043840051
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt014406438
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt026376496
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/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0BELOVEDCCS.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0RICHARD RASCHDORF
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Business Administrator
ReturnHeader/BusinessOfficerGrp/PhoneNum02017449775
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-07-23
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/PreparerFirmEIN0223200416
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/PreparationDt02024-07-23
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SCOTT J LOEFFLER CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02024-07-23T06:06:22-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0RICHARD
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0RASCHDORF
ReturnHeader/TaxPeriodBeginDt02022-07-01
ReturnHeader/TaxPeriodEndDt02023-06-30

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$26,376,496
Liabilities
$1,963,194
Net assets
$24,413,302
Revenue
$43,840,051
Expenses
$40,589,290
Net income
$3,250,761
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$26.4$1.96$24.4$43.8$40.6$3.25
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
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