Civic Intelligence

New Visions Aim Charter High School II

EIN 45-3802187 • 501(c)3 • Long Island City, NY

Profile

Aim to be great, invest in future, maximize your potential (aim's) mission is to provide youth who face the greatest obstacles to successful high school completion with the supports, experiences, and opportunities they need to graduate high school prepared for a successful transition into a post-secondary academic or work preparatory program.

21-21 41ST AVENUE Suite 2DLong Island City, NY 11101

www.newvisions.org/aim2

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

85th percentile

0.87x

Higher debt load relative to assets than 85% of similar nonprofits.

NTEE B • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

39th percentile

0.13x

Higher debt load relative to revenue than 39% of similar nonprofits.

NTEE B • $5M-$10M nonprofits • Source year 2024

Net Margin

18th percentile

-8.5%

Higher net margin than 18% of similar nonprofits.

NTEE B • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

60th percentile

$163,728

Higher top officer pay than 60% of similar nonprofits.

Top officer pay equals 2.9% of source-year revenue.

NTEE B • $5M-$10M nonprofits • Source year 2024

Asset Growth

5th percentile

-23%

Faster asset growth than 5% of similar nonprofits.

NTEE B • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

46th percentile

4.4%

Faster revenue growth than 46% of similar nonprofits.

NTEE B • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Down

$826,630

Down $245,952 (-23%) from 2023

Liabilities

Up

$715,834

Up $230,584 (+48%) from 2023

Net Assets

Down

$110,796

Down $476,536 (-81%) from 2023

Revenue

Up

$5,585,266

Up $236,942 (+4.4%) from 2023

Expenses

Up

$6,061,802

Up $68,449 (+1.1%) from 2023

Net Income

Up

-$476,536

Up $168,493 (+26%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$2.0M$1.5M$1.0M$500K$0Assets 2012: $184,631Liabilities 2012: $171,605Net Assets 2012: $13,0262012Assets 2013: $866,741Liabilities 2013: $313,944Net Assets 2013: $552,7972013Assets 2014: $951,702Liabilities 2014: $332,574Net Assets 2014: $619,1282014Assets 2015: $1,125,119Liabilities 2015: $491,901Net Assets 2015: $633,2182015Assets 2016: $1,233,862Liabilities 2016: $600,644Net Assets 2016: $633,2182016Assets 2017: $707,152Liabilities 2017: $443,550Net Assets 2017: $263,6022017Assets 2018: $908,890Liabilities 2018: $283,777Net Assets 2018: $625,1132018Assets 2019: $1,194,608Liabilities 2019: $923,237Net Assets 2019: $271,3712019Assets 2020: $1,272,021Liabilities 2020: $464,411Net Assets 2020: $807,6102020Assets 2021: $1,772,313Liabilities 2021: $469,867Net Assets 2021: $1,302,4462021Assets 2022: $1,905,475Liabilities 2022: $673,114Net Assets 2022: $1,232,3612022Assets 2023: $1,072,582Liabilities 2023: $485,250Net Assets 2023: $587,3322023Assets 2024: $826,630Liabilities 2024: $715,834Net Assets 2024: $110,7962024

Highlighted filing

2024

Assets$826,630
Liabilities$715,834
Net Assets$110,796

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2012: $154,568Expenses 2012: $141,542Net Income 2012: $13,0262012Expenses 2013: $2,927,1492013Revenue 2014: $3,995,180Expenses 2014: $3,909,915Net Income 2014: $85,2652014Revenue 2015: $4,660,978Expenses 2015: $4,646,888Net Income 2015: $14,0902015Revenue 2016: $4,935,384Expenses 2016: $4,935,384Net Income 2016: $02016Revenue 2017: $4,242,221Expenses 2017: $4,611,837Net Income 2017: -$369,6162017Revenue 2018: $3,657,869Expenses 2018: $3,296,358Net Income 2018: $361,5112018Revenue 2019: $4,092,004Expenses 2019: $4,445,746Net Income 2019: -$353,7422019Revenue 2020: $5,302,530Expenses 2020: $4,766,291Net Income 2020: $536,2392020Revenue 2021: $5,790,488Expenses 2021: $5,295,652Net Income 2021: $494,8362021Revenue 2022: $4,978,431Expenses 2022: $5,048,516Net Income 2022: -$70,0852022Revenue 2023: $5,348,324Expenses 2023: $5,993,353Net Income 2023: -$645,0292023Revenue 2024: $5,585,266Expenses 2024: $6,061,802Net Income 2024: -$476,5362024

Highlighted filing

2024

Revenue$5,585,266
Expenses$6,061,802
Net Income-$476,536

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Apr 21, 2025
Return Version
2023v6.0
Gross Receipts
$5,585,266
Mission and Program Overview

Mission

Reinventing options for adolescents deserving success' (roads) mission is to ensure that over-age, under-credited students graduate from high school create and operate transformative high schools characterized by customized and rigorous curricula, socio-emotional support, and work-based experiences

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$710,050$596,635▼ $113,415
Savings and Temporary Cash Investments$300,141$216,457▼ $83,684
Land, Buildings, and Equipment, Net$20,575$7,977▼ $12,598
Accounts Receivable$0$3,507▲ $3,507
Prepaid Expenses and Deferred Charges$25,363$2,054▼ $23,309
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$1,072,582$826,630▼ $245,952
Other Assets Total$16,453$0▼ $16,453
Liabilities
Other Liabilities$282,019$428,505▲ $146,486
Accounts Payable and Accrued Expenses$203,231$192,612▼ $10,619
Unsecured Notes Loans Payable$0$94,717▲ $94,717
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$485,250$715,834▲ $230,584
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$587,332$110,796▼ $476,536
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$587,332$110,796▼ $476,536
Total Liabilities and Net Assets / Fund Balance$1,072,582$826,630▼ $245,952

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$7,977$41,530$49,507
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Damaris Caba See Sch OInt Acting Prin 9/1/23-6/30/24FT$145,297$18,431$163,728
Eloisa TabajondaTchr/DEPt HEAD as of 10/16/23FT$121,539$32,727$154,266
Kimmara GriffithsDirector of Instruc, Special Educ.FT$130,413$18,924$149,337
James Walter MartinDirector of School OperationsFT$120,968$20,686$141,654
Michelle D MillanBusiness ManagerFT$107,198$26,281$133,479
Nedra Williams-bowerDirector of Curriculum&InstructionFT$106,973$19,271$126,244
Laqwana Alexander See Sch OINT. ACTING PRIN. thru 9/1/23FT$104,395$17,707$122,102
Georgia AlvarangaLead Teacher, Special Educ.FT$101,234$18,238$119,472

Board Members and Trustees

NameTitle
Elizabeth ChuBoard Chair
Kisis CruzDirector of Fin&admin(5/1-6/30/24)
Chabeli LajaraTrustee
Daniel VolochTrustee
Sharon HayesTrustee
Cynthia RietschaCOO Thru 4/30/24
Edgar RodriguezSecretary
Vikas ShoorTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
New Visions For Public SchoolsManagement Services205 E 42ND STREET, New York, NY 10017$533,953
Revenue and Support

Revenue Composition

Contributions and Grants
$333,513
Program Service Revenue
$5,224,030
Investment Income
$23,312
Other Revenue
$4,411
All Other Contributions
$330,283
Change in Net Assets
$-476,536

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,585,266
Total Revenue per Audited Statements
$5,585,266
Total Revenue per Form 990
$5,585,266
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,421,765
Other Expenses$1,640,037
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,507,955$408,133-$2,916,088
Other Employee Benefits$517,787$99,006-$616,793
Fees for Services Other$553,704$1,273-$554,977
Fees for Services Management$517,987$4,415-$522,402
Current Officers, Directors, Trustees, and Key Employees$180,179$223,566-$403,745
Payroll Taxes$247,646$54,231-$301,877
Pension Plan Contributions$159,800$23,462-$183,262
Information Technology$111,303$2,157-$113,460
Occupancy$74,433$1,372-$75,805
Insurance$69,292$590-$69,882
Office Expenses$43,129$1,172-$44,301
Fees for Services Accounting-$37,306-$37,306
All Other Expenses$13,350$331-$13,681
Depreciation Depletion$12,492$106-$12,598
Fees for Services Legal$7,682$65-$7,747
Other Expenses$5,329$53$0$5,382
Advertising$2,761$89-$2,850
Total Functional Expenses$5,203,185$858,617$0$6,061,802

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$6,061,802
Total Expenses per Audited Statements$6,061,802
Total Expenses per Form 990$6,061,802
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
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
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Nyc Department of Educ.$272,710
Due to Affiliated Entities$155,795
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
No
Management duties delegated
Yes

Governance Explanations

FORM 990, PART VI, SECTION A, LINE 3:

New Visions for Public Schools (NVPS) is a not-for-profit organization dedicated to supporting public schools and helping start and manage charter schools. Pursuant to the terms of the Educational Services Agreement by and between the School and NVPS, it provides educational management, operational, and fundraising services to the School. CYNTHIA RIETSCH, COO UNTIL 4/30/2024, WHO IS LISTED IN PART VII, WAS COMPENSATED BY NVPS. STARTING 5/1/2024, KISIS CRUZ, DIRECTOR OF FINANCE AND ADMINISTRATION, TOOK OVER AS THE TOP FINANCIAL OFFICIAL AND WAS ALSO COMPENSATED BY NVPS.

FORM 990, PART VI, SECTION A, LINE 4:

The organization amended its provisional charter to change its name to dove team charter school iii on july 23, 2024.

FORM 990, PART VI, SECTION B, LINE 11B:

Form 990 was prepared by national accounting firm based on information provided by the director of finance of the charter management organization (cmo) contracted by the reporting organization. The director of finance, and accounting manager of the cmo review the draft document. In addition, a copy of the draft is sent to the school principals and members of the board of trustees.

FORM 990, PART VI, SECTION B, LINE 12C:

Upon acceptance of employment, employees sign acknowledging receipt of and compliance with the employee guidelines which states explicitly that employees cannot engage in activities which present a conflict of interest for the school. Potential/real conflicts are reviewed by the principal of the school and the director of finance of the charter management organization (cmo) and resolved. Employees are not permitted to continue activities that pose a real conflict. Before each board election, board members are asked to disclose any potential/real conflict that may impact their governance role. Board members with a real conflict will not be permitted to assume a board role. All conflicts are handled on a case by case basis.

FORM 990, PART VI, SECTION B, LINES 15A AND 15B:

SALARY COMPENSATION FOR THE PRINCIPAL, ASSISTANT PRINCIPALS AND Director of School Operations (DSO) IS DETERMINED AND APPROVED BY THE BOARD TRUSTEES AND THE CHARTER MANAGEMENT ORGANIZATION (CMO). IN DETERMINING COMPENSATION, THE BOARD AND CMO WILL REFER TO PUBLISHED SALARY SURVEYS AND INDEPENDENT RESEARCH AS DEEMED NECESSARY.

FORM 990, PART VI, SECTION C, LINE 19:

The school makes its governing documents, conflict of interest policy and financial statements available to the public upon request.

FORM 990, PART VII, SECTION A, LINE 1 & 5:

COMPENSATION REPORTED ON PART VII FOR Laqwana Alexander IS FOR HER POSITION AS ASSISTANT PRINCIPAL THROUGH JUNE 30, 2023, AND INTERIM ACTING PRINCIPAL BETWEEN JULY 1, 2023 TO September 1, 2023. COMPENSATION REPORTED ON PART VII FOR DAMARIS CABA IS FOR HER POSITION AS DIRECTOR OF INSTRUCTION THROUGH AUGUST 30, 2023, AND INTERIM ACTING PRINCIPAL EFFECTIVE SEPTEMBER 1, 2023.

Filing and Contact Details

Filer

Filer Name
Urban Dove Team Charter School Iii
EIN
45-3802187
In Care Of
% ACCOUNTING DEPT URBAN DOVE
Phone
3475885159
Address
21-21 41ST AVENUE Suite 2D, LONG ISLAND CITY, NY 11101

Signing Officer

Name
Jai Nanda
Title
Executive Director
Phone
2122442131
Signed
2025-04-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jai Nanda
Formed
2011
Legal Domicile
Ny
Voting Board Members
6
Independent Board Members
6
Employees
48
Volunteers
6

Preparer

Firm
Bdo USA
Address
200 PARK AVENUE 38TH FLOOR, NEW YORK, NY 10166
Preparer
Paul Hammerschmidt
Phone
2128858000
Supplemental Narrative

Additional Explanations

Form 990, Header Section, Item C:

As of July 1, 2024, New Visions for Public Schools, Inc. and the reporting organization have mutually agreed to terminate their relationship and to transition management of the reporting organization to Urban Dove, Inc., a not-for-profit Charter Management Organization. As such the reporting organization changed its name to Urban Dove Team Charter School III.

FORM 990, PART I, LINE 1:

Aim to be great, invest in future, maximize your potential. Our mission is to provide youth who face the greatest obstacles to successful high school completion with the supports, experiences, and opportunities they need to graduate high school prepared for a successful transition into a post secondary academic or work preparatory program.

FORM 990, PART III, LINE 1:

Aim to be great, invest in future, maximize your potential. Our mission is to provide youth who face the greatest obstacles to successful high school completion with the supports, experiences, and opportunities they need to graduate high school prepared for a successful transition into a post secondary academic or work preparatory program.

Financial Statement Notes

PART X, LINE 2:

The school is exempt from federal, state and local income taxes under section 501(c)(3) of the internal revenue code (the "irc") and, therefore, has made no provision for income taxes in the accompanying financial statements. In addition, the school has been determined by the internal revenue service not to be a "private foundation" within the meaning of section 509(a) of the irc. There was no unrelated business income for the year ended june 30, 2024. Under u.s. Gaap, an organization must recognize the tax benefit associate with tax positions taken for tax-return purposes when it is more likely than not that the position will not be sustained upon examination by a taxing authority. The school does not believe it has taken any material uncertain tax positions and, accordingly, it has not recorded any liability for unrecognized tax benefits. The school is subject to routine audits by a taxing authority. As of june 30, 2024, the school was not subject to any examination by a taxing authority.

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IRS990/Form990PartVIISectionAGrp/TitleTxt2DIR OF INSTRUC, SPECIAL EDUC.
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIR OF SCHOOL OPERATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt4BUSINESS MANAGER
IRS990/Form990PartVIISectionAGrp/TitleTxt5Dir of Curriculum&Instruction
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