Civic Intelligence

College Achieve Public Charter

EIN 45-4427652 • 501(c)3 • Tinton Falls, NJ

Profile

College achieve public charter schools will prepare students from underserved communities in new jersey to excel and graduate from the most competitive colleges and universities in the nation. It is our hope that many of our students will return home after graduation from college and build a stronger, safer, and more prosperous community.

788 Shrewsbury Avenue Suite 2183Tinton Falls, NJ 07724

www.collegeachieve.org

Siviq Scores

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

Liabilities / Assets

81st percentile

0.94x

Higher debt load relative to assets than 81% of similar nonprofits.

NTEE B • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

82nd percentile

3.16x

Higher debt load relative to revenue than 82% of similar nonprofits.

NTEE B • $50M-$100M nonprofits • Source year 2024

Net Margin

37th percentile

-2.7%

Higher net margin than 37% of similar nonprofits.

NTEE B • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

89th percentile

$645,341

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 4.1% of source-year revenue.

NTEE B • $50M-$100M nonprofits • Source year 2024

Asset Growth

34th percentile

-0.6%

Faster asset growth than 34% of similar nonprofits.

NTEE B • $50M-$100M nonprofits • Annualized from 2023 to 2024

Revenue Growth

51st percentile

4.5%

Faster revenue growth than 51% of similar nonprofits.

NTEE B • $50M-$100M nonprofits • Annualized from 2023 to 2024

Assets

Down

$52,288,063

Down $330,588 (-0.6%) from 2023

Liabilities

Up

$49,357,365

Up $75,548 (+0.2%) from 2023

Net Assets

Down

$2,930,698

Down $406,136 (-12%) from 2023

Revenue

Up

$15,637,420

Up $668,947 (+4.5%) from 2023

Expenses

Up

$16,053,260

Up $1,188,659 (+8.0%) from 2023

Net Income

Down

-$415,840

Down $519,712 (-500%) from 2023

Trend Graphs

Balance Sheet Trend

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

$60M$40M$20M$0-$20MAssets 2012: $1Liabilities 2012: $02012Assets 2013: $6,500Liabilities 2013: $14,700Net Assets 2013: -$8,2002013Assets 2014: $2,706Liabilities 2014: $16,437Net Assets 2014: -$13,7312014Assets 2015: $85,290Liabilities 2015: $35,875Net Assets 2015: $49,4152015Assets 2016: $98,182Liabilities 2016: $0Net Assets 2016: $98,1822016Assets 2017: $238,332Liabilities 2017: $143,132Net Assets 2017: $95,2002017Assets 2018: $471,300Liabilities 2018: $409,112Net Assets 2018: $62,1882018Assets 2019: $905,215Liabilities 2019: $1,742,018Net Assets 2019: -$836,8032019Assets 2020: $2,027,021Liabilities 2020: $2,008,789Net Assets 2020: $18,2322020Assets 2021: $2,920,283Liabilities 2021: $878,591Net Assets 2021: $2,041,6922021Assets 2022: $39,134,940Liabilities 2022: $36,181,794Net Assets 2022: $2,953,1462022Assets 2023: $52,618,651Liabilities 2023: $49,281,817Net Assets 2023: $3,336,8342023Assets 2024: $52,288,063Liabilities 2024: $49,357,365Net Assets 2024: $2,930,6982024

Highlighted filing

2024

Assets$52,288,063
Liabilities$49,357,365
Net Assets$2,930,698

Operations Trend

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

$20M$15M$10M$5.0M$0-$5.0MRevenue 2012: $0Expenses 2012: $0Net Income 2012: $02012Revenue 2013: $0Expenses 2013: $8,200Net Income 2013: -$8,2002013Revenue 2014: $100,000Expenses 2014: $105,531Net Income 2014: -$5,5312014Revenue 2015: $165,280Expenses 2015: $102,134Net Income 2015: $63,1462015Revenue 2016: $408,259Expenses 2016: $359,492Net Income 2016: $48,7672016Revenue 2017: $1,566,653Expenses 2017: $1,526,727Net Income 2017: $39,9262017Revenue 2018: $3,432,833Expenses 2018: $3,465,845Net Income 2018: -$33,0122018Revenue 2019: $5,441,076Expenses 2019: $6,340,067Net Income 2019: -$898,9912019Revenue 2020: $8,415,799Expenses 2020: $7,560,764Net Income 2020: $855,0352020Revenue 2021: $10,421,988Expenses 2021: $8,643,640Net Income 2021: $1,778,3482021Revenue 2022: $12,414,254Expenses 2022: $11,502,800Net Income 2022: $911,4542022Revenue 2023: $14,968,473Expenses 2023: $14,864,601Net Income 2023: $103,8722023Revenue 2024: $15,637,420Expenses 2024: $16,053,260Net Income 2024: -$415,8402024

Highlighted filing

2024

Revenue$15,637,420
Expenses$16,053,260
Net Income-$415,840

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$52.3$49.4$2.93$15.6$16.1$0.42
2023Summary only. Only limited summary data is available for this year.$52.6$49.3$3.34$15.0$14.9$0.10
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$39.1$36.2$2.95$12.4$11.5$0.91
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.92$0.88$2.04$10.4$8.64$1.78
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.03$2.01$0.02$8.42$7.56$0.86
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.91$1.74$0.84$5.44$6.34$0.90
2018Summary only. Only limited summary data is available for this year.$0.47$0.41$0.06$3.43$3.47$0.03
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.24$0.14$0.10$1.57$1.53$0.04
2016Detailed filing. Detailed filing data is available for this year.$0.10$0.00$0.10$0.41$0.36$0.05
2015Summary only. Only limited summary data is available for this year.$0.09$0.04$0.05$0.17$0.10$0.06
2014Summary only. Only limited summary data is available for this year.$0.00$0.02$0.01$0.10$0.11$0.01
2013Summary only. Only limited summary data is available for this year.$0.01$0.01$0.01$0.00$0.01$0.01
2012Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 13, 2025
Return Version
2023v6.0
Gross Receipts
$16,785,052
Mission and Program Overview

Mission

College achieve public charter schools will prepare students from underserved communities in new jersey to excel and graduate from the most competitive colleges and universities in the nation. It is our hope that many of our students will return home after graduation from college and build a stronger, safer, and more prosperous community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$32,308,459$32,225,582▼ $82,877
Cash and Non-Interest-Bearing Accounts$2,335,857$2,442,063▲ $106,206
Accounts Receivable$1,552,623$1,529,435▼ $23,188
Investments in Publicly Traded Securities-$889,436-
Intangible Assets$967,862$609,636▼ $358,226
Savings and Temporary Cash Investments-$598,643-
Other Notes and Loans Receivable, Net-$101,830-
Prepaid Expenses and Deferred Charges-$63,222-
Pledges and Grants Receivable$25,000--
Total Assets$52,618,651$52,288,063▼ $330,588
Other Assets Total$15,428,850$13,828,216▼ $1,600,634
Liabilities
Mortgage Notes Payable Secured by Investment Property$33,195,000$32,560,000▼ $635,000
Other Liabilities$13,080,118$13,582,248▲ $502,130
Deferred Revenue$2,162,388$2,095,846▼ $66,542
Accounts Payable and Accrued Expenses$843,066$1,119,271▲ $276,205
Unsecured Notes Loans Payable$1,245--
Total Liabilities$49,281,817$49,357,365▲ $75,548
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,336,834$2,930,698▼ $406,136
Total Net Assets Fund Balance$3,336,834$2,930,698▼ $406,136
Total Liabilities and Net Assets / Fund Balance$52,618,651$52,288,063▼ $330,588

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$25,925,145$1,748,375$27,673,520
Land$4,269,591-$4,269,591
Other Land Buildings$1,018,577$56,927$1,075,504
Leasehold Improvements$951,140$117,485$1,068,625
Equipment$61,129$33,943$95,072
Other Assets Org$231,450--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michael PiscalCEOFT$485,534$159,807$645,341
Gemar MillsExec. DirectFT$487,043$110,809$597,852
Gemar MillsExec. Director & CAO-$346,543$251,309$597,852
Jodi McinerneyExec. DirectFT$325,863$77,011$402,874
Jodi McinerneyExec. Director & COO-$301,863$116,511$402,874
Corri TateExec. DirectFT$314,504$76,682$391,186
Corri TateExec. Director & CTO-$282,004$119,982$391,186
Glenn ForneyCFOFT$229,077$105,992$350,569
James CullenConcFT$208,708$95,031$277,539
Donald ParryFacilities DFT$240,437$11,192$251,629
Donald ParryFacilities Director-$203,437$11,192$251,629
David HespeCOSPT$173,923$41,508$215,431

Board Members and Trustees

NameTitle
Thomas CimochowskiChairman
Brenda DulanTrustee
Stephen C SmithTrustee

Highest Paid Contractors

ContractorServicesLocationCompensation
Knj MaintenanceCustodial12 ADAMS STREET, Somerville, NJ 08876$620,246
W&d Elite CleaningCustodial29 FLORENCE AVENUE, Irvington, NJ 07111$370,000
Larson CommunicationsPublic Relation1725 PIERCE STREET SUITE 1, San Francisco, CA 94115$248,774
Education Advisors LLCConsulting14 SPRING VALLEY ROAD, Hardwick, NJ 07825$201,000
Dennis DesormierConsulting112-15 72ND ROAD APT 203, Forest Hills, NY 11375$187,930
Revenue and Support

Revenue Composition

Contributions and Grants
$222,900
Program Service Revenue
$15,249,114
Investment Income
$58,281
Other Revenue
$107,125
All Other Contributions
$222,900
Change in Net Assets
$-415,840

Audited Revenue Reconciliation

Revenue per Audited Statements
$15,637,420
Revenue Not Reported on Form 990
$9,704
Total Revenue per Audited Statements
$15,647,124
Total Revenue per Form 990
$15,637,420
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$12,371,883
Salaries, Compensation, and Employee Benefits$3,681,377
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$5,948,632$23,089-$5,971,721
Other Salaries and Wages$2,330,579$582,645-$2,913,224
Occupancy$2,644,236--$2,644,236
Interest$1,528,900$5,119-$1,534,019
Depreciation Depletion$1,146,553--$1,146,553
Pension Plan Contributions$470,666$117,667-$588,333
Fees for Services Legal$297,294--$297,294
Insurance$196,295$49,074-$245,369
Advertising$227,797--$227,797
Payroll Taxes$143,856$35,964-$179,820
Fees for Services Accounting-$119,963-$119,963
Conferences and Meetings$60,132$15,033-$75,165
Office Expenses$57,724$14,431-$72,155
Travel$30,089$7,522-$37,611
Total Functional Expenses$15,082,753$970,507$0$16,053,260

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$16,053,260
Total Expenses per Audited Statements$16,053,260
Total Expenses per Form 990$16,053,260
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Family MemberIndependent ContractNo$95,969
Nina MillsFamily MemberEmploymentNo$69,231
Bailey McinerneyFamily MemberIndependent ContractNo$10,118
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liabilities$11,329,068
Donation Payable$1,857,367
Security Deposits Held$158,907
Due to Capcs$137,378
Pension Payable$99,528
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
Yes
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
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, Page 6, Part VI, Line 11B

A complete copy of the form 990 is provided to all members of the governing body before filing. In addition, a meeting of the chief executive officer and chief financial officer to review form 990 before filing.

Form 990, Page 6, Part VI, Line 12C

1. An interested person may make a presentation at the board of trustees or committee meeting, but after the presentation, he/she shall leave the meeting during the discussion of, and the vote on, the transaction or arrrangement involving the possible conflict of interest. 2. The chairperson of the board of trustees or committee shall, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. 3. After exercising due diligence, the board of trustees or committee shall determine whether the corporation can obtain with reasonable efforts a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest.

Form 990, Page 6, Part VI, Line 15A

Boardmembers receieve a copy of the chief executive officer's employment contract and discuss comparable salaries, then vote to approve or dissapprove the contract.

Form 990, Page 6, Part VI, Line 19

Upon request, governing documents are made available to the public.

Filing and Contact Details

Filer

Filer Name
College Achieve Public Charter
EIN
45-4427652
Phone
9086251251
Address
788 SHREWSBURY AVENUE SUITE 2183, TINTON FALLS, NJ 07724

Signing Officer

Name
Michael Piscal
Title
CEO
Phone
3233568055
Signed
2025-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Thomas Cimochowski
Formed
2012
Legal Domicile
Nj
Voting Board Members
3
Independent Board Members
3
Employees
13

Preparer

Firm
Mp Mcdermott & Associates LLC
Address
801A MAIN ST, TOMS RIVER, NJ 08753-6519
Preparer
Michael P Mcdermott CPA
Phone
7327970903
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

College achieve public charter schools will prepare students from underserved communities in new jersey to excel and graduate from the most competitive colleges and universities in the nation. It is our hope that many of our students will return home after graduation from college and build a stronger, safer, and more prosperous community.

Form 990, Page 2, Part III, Line 4A

College achieve public charter schools, inc. Starts, develops, supports, and manages public charter schools in the state of new jersey - including developing facilities and real estate, hiring all leadership, providing the curriculum and the training. College achieve's mission is to prepare all of its students to excel in and graduate from the best colleges and universities in the nation. College achieve public charter schools, inc. Has developed nine charter school facilities at market or below market rents for our k-12 public charter schools in three regions of the state of new jersey: paterson; plainfield and north plainfield; and asbury park and neptune township. This property development includes in most instances significant renovations, financing costs, and consulting and legal costs are funded by college achieve public charter schools, inc. Out of the proceeds of the rents, management fees and fundraising.

Form 990, Page 2, Part III, Line 4D

To provide the academic model (training and the actual curriculum) to the charter schools in our network.

Form 990, Part IX, Line 11G

Consulting fees 1,594,086 0 0 summer program 802,550 0 0 payroll fees 5,307 1,327 0 telephone 12,199 3,050 0 licenses and fees 0 4,996 0 repairs and maintenance 1,102,943 0 0 business meals 51,447 12,862 0 dues and subscriptions 27,776 0 0 student support 158,765 0 0 bank charges 3,416 854 0 donations 1,913,548 0 0 other professional fees 143,109 0 0 lease expense 36,256 0 0 transportation expense 87,591 0 0 bad debt expense 9,639 0 0 total 5,948,632 23,089 0

Raw XML AppendixShowing 400 of 594 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
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IRS990/AccountsReceivableGrp/EOYAmt01529435
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0COLLEGE ACHIEVE PUBLIC CHARTER SCHOOLS WILL PREPARE STUDENTS FROM UNDERSERVED COMMUNITIES IN NEW JERSEY TO EXCEL AND GRADUATE FROM THE MOST COMPETITIVE COLLEGES AND UNIVERSITIES IN THE NATION. IT IS OUR HOPE THAT MANY OF OUR STUDENTS WILL RETURN HOME AFTER GRADUATION FROM COLLEGE AND BUILD A STRONGER, SAFER, AND MORE PROSPEROUS COMMUNITY.
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IRS990/Desc0COLLEGE ACHIEVE PUBLIC CHARTER SCHOOLS, INC. STARTS, DEVELOPS, SUPPORTS, AND MANAGES PUBLIC CHARTER SCHOOLS IN THE STATE OF NEW JERSEY - INCLUDING DEVELOPING FACILITIES AND REAL ESTATE, HIRING ALL LEADERSHIP, PROVIDING THE CURRICULUM AND THE TRAINING. COLLEGE ACHIEVE'S MISSION IS TO PREPARE ALL OF ITS STUDENTS TO EXCEL IN AND GRADUATE FROM THE BEST COLLEGES AND UNIVERSITIES IN THE NATION. COLLEGE ACHIEVE PUBLIC CHARTER SCHOOLS, INC. HAS DEVELOPED NINE CHARTER SCHOOL FACILITIES AT MARKET OR BELOW MARKET RENTS FOR OUR K-12 PUBLIC CHARTER SCHOOLS IN THREE REGIONS OF THE STATE OF NEW JERSEY: PATERSON; PLAINFIELD AND NORTH PLAINFIELD; AND ASBURY PARK AND NEPTUNE TOWNSHIP. THIS PROPERTY DEVELOPMENT INCLUDES IN MOST INSTANCES SIGNIFICANT RENOVATIONS, FINANCING COSTS, AND CONSULTING AND LEGAL COSTS ARE FUNDED BY COLLEGE ACHIEVE PUBLIC CHARTER SCHOOLS, INC. OUT OF THE PROCEEDS OF THE RENTS, MANAGEMENT FEES AND FUNDRAISING.
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