Civic Intelligence

Kingston Educational Holdings I Inc

990 • Fiscal year 2016 • EIN 45-3986301

Jul 01, 2015 to Jun 30, 2016 • Filed on Feb 02, 2017

Organization ProfileN/A
60 Park Place Suite 802Newark, NJ 07102

(973) 622-0905

Siviq Scores

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

Liabilities / Assets

98th percentile

1.02x

Higher debt load relative to assets than 98% of similar nonprofits.

2016 filings • NTEE B • $50M-$100M nonprofits • Source year 2016

Liabilities / Revenue

97th percentile

17.10x

Higher debt load relative to revenue than 97% of similar nonprofits.

2016 filings • NTEE B • $50M-$100M nonprofits • Source year 2016

Net Margin

15th percentile

-17%

Higher net margin than 15% of similar nonprofits.

2016 filings • NTEE B • $50M-$100M nonprofits • Source year 2016

Top Officer Pay

10th percentile

$0

Higher top officer pay than 10% of similar nonprofits.

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

2016 filings • NTEE B • $50M-$100M nonprofits • Source year 2016

Asset Growth

89th percentile

13%

Faster asset growth than 89% of similar nonprofits.

2016 filings • NTEE B • $50M-$100M nonprofits • Annualized from 2015 to 2016

Revenue Growth

92nd percentile

29%

Faster revenue growth than 92% of similar nonprofits.

2016 filings • NTEE B • $50M-$100M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets98th percentile

Assets

Up

$82,077,451

Up $9,285,750 (+13%) from 2015

Net Assets

Down

-$1,838,933

Down $855,420 (-87%) from 2015

Liabilities

Up

$83,916,384

Up $10,141,170 (+14%) from 2015

Revenue And Expenses
Liabilities / Revenue97th percentileNet Margin15th percentile

Revenue

Up

$4,907,938

Up $1,089,297 (+29%) from 2015

Expenses

Up

$5,763,358

Up $1,089,125 (+23%) from 2015

Net Income

Up

-$855,420

Up $172 (+0.0%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth89th percentile

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

$100M$50M$0-$50MAssets 2012: $17,837,068Liabilities 2012: $17,837,068Net Assets 2012: $02012Assets 2013: $41,475,027Liabilities 2013: $41,563,269Net Assets 2013: -$88,2422013Assets 2014: $42,013,379Liabilities 2014: $42,141,300Net Assets 2014: -$127,9212014Assets 2015: $72,791,701Liabilities 2015: $73,775,214Net Assets 2015: -$983,5132015Assets 2016: $82,077,451Liabilities 2016: $83,916,384Net Assets 2016: -$1,838,9332016Assets 2017: $71,933,565Liabilities 2017: $74,312,626Net Assets 2017: -$2,379,0612017Assets 2018: $71,372,310Liabilities 2018: $74,644,440Net Assets 2018: -$3,272,1302018Assets 2019: $70,971,676Liabilities 2019: $75,477,508Net Assets 2019: -$4,505,8322019Assets 2020: $69,194,320Liabilities 2020: $75,194,863Net Assets 2020: -$6,000,5432020Assets 2021: $69,517,462Liabilities 2021: $75,178,512Net Assets 2021: -$5,661,0502021Assets 2022: $70,775,295Liabilities 2022: $76,161,149Net Assets 2022: -$5,385,8542022Assets 2023: $71,109,399Liabilities 2023: $78,492,208Net Assets 2023: -$7,382,8092023Assets 2024: $69,854,534Liabilities 2024: $78,947,212Net Assets 2024: -$9,092,6782024

Highlighted filing

2016

Assets$82,077,451
Liabilities$83,916,384
Net Assets-$1,838,933
Open 2016 Filing

Operations Trend

Revenue Growth92nd percentile

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

$15M$10M$5.0M$0-$5.0MRevenue 2012: $686,778Expenses 2012: $686,778Net Income 2012: $02012Revenue 2013: $1,965,249Expenses 2013: $2,053,491Net Income 2013: -$88,2422013Revenue 2014: $2,457,144Expenses 2014: $2,496,823Net Income 2014: -$39,6792014Revenue 2015: $3,818,641Expenses 2015: $4,674,233Net Income 2015: -$855,5922015Revenue 2016: $4,907,938Expenses 2016: $5,763,358Net Income 2016: -$855,4202016Revenue 2017: $6,131,708Expenses 2017: $6,671,836Net Income 2017: -$540,1282017Revenue 2018: $6,155,141Expenses 2018: $7,048,210Net Income 2018: -$893,0692018Revenue 2019: $5,819,348Expenses 2019: $7,053,050Net Income 2019: -$1,233,7022019Revenue 2020: $5,645,178Expenses 2020: $7,139,889Net Income 2020: -$1,494,7112020Revenue 2021: $10,002,519Expenses 2021: $9,663,026Net Income 2021: $339,4932021Revenue 2022: $5,822,683Expenses 2022: $7,040,287Net Income 2022: -$1,217,6042022Revenue 2023: $5,869,915Expenses 2023: $7,866,870Net Income 2023: -$1,996,9552023Revenue 2024: $6,004,738Expenses 2024: $7,714,607Net Income 2024: -$1,709,8692024

Highlighted filing

2016

Revenue$4,907,938
Expenses$5,763,358
Net Income-$855,420
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Feb 2, 2017
Return Version
2015v3.0
Gross Receipts
$4,907,938
Mission and Program Overview

Mission

To assist team charter schools, inc. ("team") with financing improvements and renovations to various school facilities operated or to be operated by team as public charter school facilities in newark, new jersey

To assist team academy charter school, inc. ("team") with financing improvements and renovations to various school facilities operated or to be operated by team as public charter school facilities in newark, new jersey

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$0$33,977,758▲ $33,977,758
Investments Program Related$23,223,857$30,305,548▲ $7,081,691
Savings and Temporary Cash Investments$39,910,577$13,091,653▼ $26,818,924
Cash and Non-Interest-Bearing Accounts-$645,233-
Accounts Receivable$26,164$576,487▲ $550,323
Prepaid Expenses and Deferred Charges$19,669$19,669→ $0
Total Assets$72,791,701$82,077,451▲ $9,285,750
Other Assets Total$9,611,434$3,461,103▼ $6,150,331
Liabilities
Mortgage Notes Payable Secured by Investment Property$68,844,336$69,168,464▲ $324,128
Accounts Payable and Accrued Expenses$3,294,908$10,454,955▲ $7,160,047
Other Liabilities$1,377,595$4,034,590▲ $2,656,995
Unsecured Notes Loans Payable$258,375$258,375→ $0
Total Liabilities$73,775,214$83,916,384▲ $10,141,170
Net Assets / Fund Balance
Unrestricted Net Assets$-983,513$-1,838,933▼ $855,420
Total Net Assets Fund Balance$-983,513$-1,838,933▼ $855,420
Total Liabilities and Net Assets / Fund Balance$72,791,701$82,077,451▲ $9,285,750

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$31,134,555-$31,134,555
Land$2,141,850-$2,141,850
Equipment$701,353$199,695$901,048
Investment Program Related Org$956,718--
Compensation and Service Providers
Top Officer Pay10th percentile

Board Members and Trustees

NameTitle
Timothy CardenPresident
Mikie SherrillTrustee
HANNAH RICHMAN-RESIGNED JULY '16Secretary
Daniel AdanTreasurer
Steven SmallVoting Member
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$4,834,961
Investment Income
$11,816
Other Revenue
$61,161
Change in Net Assets
$-855,420

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,907,938
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$22,311
Total Revenue per Audited Statements
$4,930,249
Total Revenue per Form 990
$4,907,938
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$5,089,117
Grants and Similar Amounts Paid$674,241
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$2,441,743--$2,441,743
Occupancy$2,361,444--$2,361,444
Grants to Domestic Orgs$674,241--$674,241
Depreciation Depletion$264,577--$264,577
Fees for Services Accounting-$9,807-$9,807
Other Expenses$7,216--$7,216
Fees for Services Legal-$4,330-$4,330
Total Functional Expenses$5,749,221$14,137$0$5,763,358

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$5,785,669
Expenses per Audited Statements$5,763,358
Total Expenses per Form 990$5,763,358
Expenses Not Reported on Form 990$22,311
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Team Academy Charter School IncNewark, NJ501c3Facility Renovations$674,241
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
Developer Fee Payable$2,872,568
Due to the Friends of Team Academy, Inc.$623,949
Loan Payable to Nca$521,883
Due to Nca Facility, Inc.$16,190
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

“The form 990 is provided to the board of directors for review and approval.”

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

“Board members are asked to recuse themselves whenever matters that may present conflict of interest issues arise. Board members are asked to complete a related party questionnaire annually.”

Form 990, Part VI, Section C, Line 19

“This information is available upon request.”

Filing and Contact Details

Filer

Filer Name
Kingston Educational Holdings I Inc
EIN
45-3986301
Phone
9736220905
Address
60 PARK PLACE SUITE 802, NEWARK, NJ 07102

Signing Officer

Name
Gabriella Difilippo
Title
Secretary
Phone
9736220905
Signed
2017-02-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gabriella Difilippo
Formed
2011
Legal Domicile
Nj
Voting Board Members
5
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
Alexander Aronson Finning & Co Pc
Address
21 EAST MAIN STREET, WESTBOROUGH, MA 01581
Preparer
Thomas Washburn CPA
Phone
5083669100
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

“Kingston educational holdings 1, inc.'s oversight and selection process has remained consistent between years.”

Financial Statement Notes

PART X, LINE 2:

“Kingston accounts for uncertainty in income taxes in accordance with asc topic, income taxes. This standard clarifies the accounting for uncertainty in tax positions and prescribes a recognition threshold and measurement attribute for the financial statements regarding a tax position taken or expected to be taken in a tax return. Kingston has determined that there are no uncertain tax positions which qualify for either recognition or disclosure in the financial statements at june 30, 2016.”

Raw XML AppendixShowing 400 of 471 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt03294908
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt010454955
IRS990/AccountsReceivableGrp/BOYAmt026164
IRS990/AccountsReceivableGrp/EOYAmt0576487
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO ASSIST TEAM ACADEMY CHARTER SCHOOL, INC. ("TEAM") WITH FINANCING IMPROVEMENTS AND RENOVATIONS TO VARIOUS SCHOOL FACILITIES OPERATED OR TO BE OPERATED BY TEAM AS PUBLIC CHARTER SCHOOL FACILITIES IN NEWARK, NEW JERSEY
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0STEVE SMALL
IRS990/BooksInCareOfDetail/PhoneNum09736220905
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt060 PARK PLACE SUITE 802
IRS990/BooksInCareOfDetail/USAddress/CityNm0NEWARK
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NJ
IRS990/BooksInCareOfDetail/USAddress/ZIPCd007102
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/EOYAmt0645233
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt0674241
IRS990/CYInvestmentIncomeAmt011816
IRS990/CYOtherExpensesAmt05089117
IRS990/CYOtherRevenueAmt061161
IRS990/CYProgramServiceRevenueAmt04834961
IRS990/CYRevenuesLessExpensesAmt0-855420
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt05763358
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt04907938
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0264577
IRS990/DepreciationDepletionGrp/TotalAmt0264577
IRS990/Desc0ASSIST TEAM ACADEMY CHARTER SCHOOL, INC. ("TEAM") IN FINANCING IMPROVEMENTS AND RENOVATIONS TO VARIOUS SCHOOL FACILITIES OPERATED OR TO BE OPERATED BY TEAM AS PUBLIC CHARTER SCHOOL FACILITIES IN NEWARK, NEW JERSEY
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt05749221
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt09807
IRS990/FeesForServicesAccountingGrp/TotalAmt09807
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt04330
IRS990/FeesForServicesLegalGrp/TotalAmt04330
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt05.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt15.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/PersonNm0HANNAH RICHMAN-RESIGNED JULY '16
IRS990/Form990PartVIISectionAGrp/PersonNm1STEVEN SMALL
IRS990/Form990PartVIISectionAGrp/PersonNm2MIKIE SHERRILL
IRS990/Form990PartVIISectionAGrp/PersonNm3DANIEL ADAN
IRS990/Form990PartVIISectionAGrp/PersonNm4TIMOTHY CARDEN
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/TitleTxt0SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt1VOTING MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt2TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4PRESIDENT
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr02011
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GrantAmt0674241
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0674241
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0674241
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt04907938
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt03
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InterestGrp/ProgramServicesAmt02441743
IRS990/InterestGrp/TotalAmt02441743
IRS990/InvestmentIncomeGrp/ExclusionAmt011816
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt011816
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt023223857
IRS990/InvestmentsProgramRelatedGrp/EOYAmt030305548
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0199695
IRS990/LandBldgEquipBasisNetGrp/BOYAmt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt033977758
IRS990/LandBldgEquipCostOrOtherBssAmt034177453
IRS990/LegalDomicileStateCd0NJ
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO ASSIST TEAM CHARTER SCHOOLS, INC. ("TEAM") WITH FINANCING IMPROVEMENTS AND RENOVATIONS TO VARIOUS SCHOOL FACILITIES OPERATED OR TO BE OPERATED BY TEAM AS PUBLIC CHARTER SCHOOL FACILITIES IN NEWARK, NEW JERSEY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt068844336
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt069168464
IRS990/NetAssetsOrFundBalancesBOYAmt0-983513
IRS990/NetAssetsOrFundBalancesEOYAmt0-1838933
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt02361444
IRS990/OccupancyGrp/TotalAmt02361444
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt09611434
IRS990/OtherAssetsTotalGrp/EOYAmt03461103
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0MISCELLANEOUS
IRS990/OtherExpensesGrp/ProgramServicesAmt07216
IRS990/OtherExpensesGrp/TotalAmt07216
IRS990/OtherLiabilitiesGrp/BOYAmt01377595
IRS990/OtherLiabilitiesGrp/EOYAmt04034590
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/Desc0FORGIVENENESS OF INTER
IRS990/OtherRevenueMiscGrp/Desc1INCOME FROM INVESTMENT
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt054443
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt16718
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt054443
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt16718
IRS990/OtherRevenueTotalAmt061161
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt019669
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt019669
IRS990/PrincipalOfficerNm0GABRIELLA DIFILIPPO
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST SUBSIDY
IRS990/ProgramServiceRevenueGrp/Desc1INTEREST ON NOTES RECE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt04114805
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1720156
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt04114805
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1720156
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0406052
IRS990/PYInvestmentIncomeAmt05433
IRS990/PYOtherExpensesAmt04268181
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt03813208
IRS990/PYRevenuesLessExpensesAmt0-855592
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt04674233
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03818641
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-855420
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt04896122
IRS990/SavingsAndTempCashInvstGrp/BOYAmt039910577
IRS990/SavingsAndTempCashInvstGrp/EOYAmt013091653
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE PURPOSE OF KINGSTON IS TO ASSIST TEAM ACADEMY IN FINANCING IMPROVEMENTS AND RENOVATIONS TO VARIOUS SCHOOL FACILITIES OPERATED OR TO BE OPERATED BY TEAM ACADEMY AS PUBLIC CHARTER SCHOOL FACILITIES IN NEWARK, NEW JERSEY.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SECTION C. TYPE II SUPPORTING ORGANIZATIONS
IRS990ScheduleA/MajorityDirTrstSupportedOrgInd00
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0010660264
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd02
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0TEAM ACADEMY CHARTER SCHOOL INC
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType2Ind0X
IRS990ScheduleA/SupportSumAmt00
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt031134555
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt031134555
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt022311
IRS990ScheduleD/DonatedServicesUseFcltsAmt022311
IRS990ScheduleD/EquipmentGrp/BookValueAmt0701353
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0199695
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0901048
IRS990ScheduleD/ExpensesNotReportedAmt022311
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt05763358
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt029348830
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt1956718
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0NOTES RECEIVABLE
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1INVESTMENT IN AFFILIATE
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/LandGrp/BookValueAmt02141850
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt02141850
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0623949
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt116190
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt22872568
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3521883
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO THE FRIENDS OF TEAM ACADEMY, INC.
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO NCA FACILITY, INC.
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2DEVELOPER FEE PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3LOAN PAYABLE TO NCA
IRS990ScheduleD/RevenueNotReportedAmt022311
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt04907938
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0KINGSTON ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ASC TOPIC, INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. KINGSTON HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS AT JUNE 30, 2016.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt033977758
IRS990ScheduleD/TotalBookValueProgramRltdAmt030305548
IRS990ScheduleD/TotalExpensesPerForm990Amt05763358
IRS990ScheduleD/TotalLiabilityAmt04034590
IRS990ScheduleD/TotalRevenuePerForm990Amt04907938
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04930249
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05785669
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0674241
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501C3
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0FACILITY RENOVATIONS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0TEAM ACADEMY CHARTER SCHOOL INC
IRS990ScheduleI/RecipientTable/RecipientEIN0010660264
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt060 PARK PLACE SUITE 802
IRS990ScheduleI/RecipientTable/USAddress/CityNm0NEWARK
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NJ
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd007102
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0COST
IRS990ScheduleI/Total501c3OrgCnt01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBERS ARE ASKED TO RECUSE THEMSELVES WHENEVER MATTERS THAT MAY PRESENT CONFLICT OF INTEREST ISSUES ARISE. BOARD MEMBERS ARE ASKED TO COMPLETE A RELATED PARTY QUESTIONNAIRE ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THIS INFORMATION IS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3KINGSTON EDUCATIONAL HOLDINGS 1, INC.'S OVERSIGHT AND SELECTION PROCESS HAS REMAINED CONSISTENT BETWEEN YEARS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XII, LINE 2C
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt0FOTA 229 18TH AVENUE LLC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0352483015
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0NJ
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/OwnershipPct00.95000
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0REAL ESTATE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0PINKHULAHOOP1 LLC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ShareOfEOYAssetsAmt038199331
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ShareOfTotalIncomeAmt06718
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt060 PARK PLACE SUITE 802
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0NEWARK
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0NJ
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd007102
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd11
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd21
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0THE KINGSTON EDUCATIONAL HOLDINGS 1 INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt1THE KINGSTON EDUCATIONAL HOLDINGS 1 INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0TEAM ACADEMY CHARTER SCHOOL INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1ASHLAND SCHOOL INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2NCA FACILITY INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0010660264
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1274419100
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN2274419292
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt2501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NJ
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1NJ
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd2NJ
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0PUBLIC CHARTER SCHOOL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1SCHOOL REAL ESTATE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt2SCHOOL REAL ESTATE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 2
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt1LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt2LINE 11B, II
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt060 PARK PLACE SUITE 802
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt160 PARK PLACE SUITE 802
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt260 PARK PLACE SUITE 802
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0NEWARK
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1NEWARK
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm2NEWARK
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NJ
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1NJ
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd2NJ
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd007102
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd107102
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd207102
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd01
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NJ
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt072791701
IRS990/TotalAssetsEOYAmt082077451

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$82,077,451
Liabilities
$83,916,384
Net assets
-$1,838,933
Revenue
$4,907,938
Expenses
$5,763,358
Net income
-$855,420
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$69.9$78.9$9.09$6.00$7.71$1.71
2023Detailed filing. Detailed filing data is available for this year.$71.1$78.5$7.38$5.87$7.87$2.00
2022Detailed filing. Detailed filing data is available for this year.$70.8$76.2$5.39$5.82$7.04$1.22
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$69.5$75.2$5.66$10.0$9.66$0.34
2020Detailed filing. Detailed filing data is available for this year.$69.2$75.2$6.00$5.65$7.14$1.49
2019Detailed filing. Detailed filing data is available for this year.$71.0$75.5$4.51$5.82$7.05$1.23
2018Detailed filing. Detailed filing data is available for this year.$71.4$74.6$3.27$6.16$7.05$0.89
2017Detailed filing. Detailed filing data is available for this year.$71.9$74.3$2.38$6.13$6.67$0.54
2016Detailed filing. Detailed filing data is available for this year.$82.1$83.9$1.84$4.91$5.76$0.86
2015Detailed filing. Detailed filing data is available for this year.$72.8$73.8$0.98$3.82$4.67$0.86
2014Detailed filing. Detailed filing data is available for this year.$42.0$42.1$0.13$2.46$2.50$0.04
2013Summary only. Only limited summary data is available for this year.$41.5$41.6$0.09$1.97$2.05$0.09
2012Summary only. Only limited summary data is available for this year.$17.8$17.8$0.00$0.69$0.69$0.00