Civic Intelligence

New Visions Charter High School For

EIN 45-4659946 • 501(c)3 • New York, NY

Profile

New visions charter high school for advanced math and science (ams) endeavors to provide all students, regardless of their previous academic history, equally with the highest quality education in an atmosphere of respect, responsibility and safety.

475 RIVERSIDE DRIVE Suite 950New York, NY 10115

www.newvisions.org/ams2

Siviq Scores

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

Liabilities / Assets

6th percentile

0.08x

Higher debt load relative to assets than 6% of similar nonprofits.

NTEE B29 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

15th percentile

0.08x

Higher debt load relative to revenue than 15% of similar nonprofits.

NTEE B29 • $10M-$25M nonprofits • Source year 2024

Net Margin

17th percentile

-9.8%

Higher net margin than 17% of similar nonprofits.

NTEE B29 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

86th percentile

$265,029

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 2.3% of source-year revenue.

NTEE B29 • $10M-$25M nonprofits • Source year 2024

Asset Growth

19th percentile

-10%

Faster asset growth than 19% of similar nonprofits.

NTEE B29 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

18th percentile

-4.1%

Faster revenue growth than 18% of similar nonprofits.

NTEE B29 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Down

$10,583,848

Down $1,206,539 (-10%) from 2023

Liabilities

Down

$877,569

Down $97,689 (-10%) from 2023

Net Assets

Down

$9,706,279

Down $1,108,850 (-10%) from 2023

Revenue

Down

$11,341,215

Down $485,307 (-4.1%) from 2023

Expenses

Down

$12,450,065

Down $239,794 (-1.9%) from 2023

Net Income

Down

-$1,108,850

Down $245,513 (-28%) from 2023

Trend Graphs

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2012: $358,573Liabilities 2012: $33,541Net Assets 2012: $325,0322012Assets 2013: $675,059Liabilities 2013: $356,982Net Assets 2013: $318,0772013Assets 2014: $1,080,042Liabilities 2014: $270,966Net Assets 2014: $809,0762014Assets 2015: $2,121,139Liabilities 2015: $342,129Net Assets 2015: $1,779,0102015Assets 2016: $3,952,619Liabilities 2016: $429,404Net Assets 2016: $3,523,2152016Assets 2017: $5,552,247Liabilities 2017: $476,494Net Assets 2017: $5,075,7532017Assets 2018: $6,865,228Liabilities 2018: $583,104Net Assets 2018: $6,282,1242018Assets 2019: $7,605,360Liabilities 2019: $584,740Net Assets 2019: $7,020,6202019Assets 2020: $10,147,191Liabilities 2020: $1,186,975Net Assets 2020: $8,960,2162020Assets 2021: $11,364,878Liabilities 2021: $993,672Net Assets 2021: $10,371,2062021Assets 2022: $12,482,791Liabilities 2022: $804,325Net Assets 2022: $11,678,4662022Assets 2023: $11,790,387Liabilities 2023: $975,258Net Assets 2023: $10,815,1292023Assets 2024: $10,583,848Liabilities 2024: $877,569Net Assets 2024: $9,706,2792024

Highlighted filing

2024

Assets$10,583,848
Liabilities$877,569
Net Assets$9,706,279

Operations Trend

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

$15M$10M$5.0M$0-$5.0MRevenue 2012: $415,000Expenses 2012: $89,968Net Income 2012: $325,0322012Expenses 2013: $2,360,6042013Revenue 2014: $4,242,274Expenses 2014: $3,751,275Net Income 2014: $490,9992014Revenue 2015: $6,618,060Expenses 2015: $5,648,126Net Income 2015: $969,9342015Revenue 2016: $8,724,690Expenses 2016: $6,980,485Net Income 2016: $1,744,2052016Revenue 2017: $8,928,324Expenses 2017: $7,375,786Net Income 2017: $1,552,5382017Revenue 2018: $9,423,343Expenses 2018: $8,216,972Net Income 2018: $1,206,3712018Revenue 2019: $9,925,748Expenses 2019: $9,187,252Net Income 2019: $738,4962019Revenue 2020: $11,123,519Expenses 2020: $9,183,923Net Income 2020: $1,939,5962020Revenue 2021: $11,850,103Expenses 2021: $10,439,113Net Income 2021: $1,410,9902021Revenue 2022: $11,852,110Expenses 2022: $10,544,850Net Income 2022: $1,307,2602022Revenue 2023: $11,826,522Expenses 2023: $12,689,859Net Income 2023: -$863,3372023Revenue 2024: $11,341,215Expenses 2024: $12,450,065Net Income 2024: -$1,108,8502024

Highlighted filing

2024

Revenue$11,341,215
Expenses$12,450,065
Net Income-$1,108,850

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Apr 23, 2025
Return Version
2023v6.0
Gross Receipts
$11,341,215
Mission and Program Overview

Mission

New visions charter high school for advanced math and science ii (ams ii) endeavors to provide all students, regardless of their previous academic history, equally with the highest quality education in an atmosphere of respect, responsibility and safety.

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$9,711,852$9,236,765▼ $475,087
Pledges and Grants Receivable$1,848,346$968,265▼ $880,081
Land, Buildings, and Equipment, Net$127,490$63,284▼ $64,206
Prepaid Expenses and Deferred Charges$69,050$23,392▼ $45,658
Accounts Receivable$1,040$0▼ $1,040
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$11,790,387$10,583,848▼ $1,206,539
Other Assets Total$32,609$292,142▲ $259,533
Liabilities
Accounts Payable and Accrued Expenses$610,103$557,284▼ $52,819
Other Liabilities$365,155$320,285▼ $44,870
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$975,258$877,569▼ $97,689
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$10,807,137$9,698,287▼ $1,108,850
Net Assets With Donor Restrictions$7,992$7,992→ $0
Total Net Assets Fund Balance$10,815,129$9,706,279▼ $1,108,850
Total Liabilities and Net Assets / Fund Balance$11,790,387$10,583,848▼ $1,206,539

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$63,284$447,828$511,112
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Spiridoula ManessisPrincipalFT$224,500$40,529$265,029
Daniel Milbrand12th Grade,asst PrincipalFT$176,408$36,916$213,324
Bridget Lopez11th Grade, Asst PrincipalFT$158,662$14,652$173,314
Charlotte Pinkerton9th Grade,asst PrincipalFT$151,865$20,360$172,225
Michelle Elizabeth PizerDEPT HEAD - ScienceFT$119,692$17,037$136,729
Yvelis Franjul Thru 1124Director of School OperationsFT$118,350$18,174$136,524
Colin David RussellLibrarianFT$118,895$12,618$131,513
Christine Alves as of 1124Deputy Director of School OperationFT$98,110$14,021$112,131
Dr Curtis a PalmoreCEO as of 10/1/23 (see Sch O)PT$10,613$28,765$39,378

Board Members and Trustees

NameTitle
Fredrick LevyChair
Kisis CruzDirector of Fin&admin as of 5/1/24
Edna VegaTrustee
Eva LopezTrustee
Lisa GibsonTrustee
Nancy GrossmanTrustee
Nancy Rosario - RodriguezTrustee
Peter CantilloTrustee
Kenton KirbyTrustee Thru 1/22/24
Marsha Milan-bethelTrustee Thru 12/18/23
Cynthia RietschaCOO Thru 4/30/24
Edgar RodriguezSecretary
Michael NathanTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
New Visions For Public SchoolsManagement Services205 EAST 42ND STREET, New York, NY 10017$975,282
Revenue and Support

Revenue Composition

Contributions and Grants
$26,764
Program Service Revenue
$10,937,476
Investment Income
$343,138
Other Revenue
$33,837
All Other Contributions
$23,534
Change in Net Assets
$-1,108,850

Audited Revenue Reconciliation

Revenue per Audited Statements
$11,341,215
Total Revenue per Audited Statements
$11,341,215
Total Revenue per Form 990
$11,341,215
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$10,050,554
Other Expenses$2,399,511
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$6,650,018$481,131-$7,131,149
Other Employee Benefits$1,080,076$115,026-$1,195,102
Fees for Services Management$771,865$103,133-$874,998
Payroll Taxes$595,655$71,544-$667,199
Pension Plan Contributions$517,148$36,951-$554,099
Current Officers, Directors, Trustees, and Key Employees$226,244$276,761-$503,005
Fees for Services Other$177,508$63,967-$241,475
Office Expenses$206,481$23,316-$229,797
Information Technology$196,054$18,321-$214,375
Occupancy$70,048$15,157-$85,205
Insurance$70,553$9,427-$79,980
Depreciation Depletion$61,119$8,166-$69,285
Advertising$42,324$272-$42,596
Other Expenses$36,210$3,002$0$39,212
Fees for Services Accounting-$37,220-$37,220
Fees for Services Legal$11,116$1,485-$12,601
All Other Expenses$7,865$1,740-$9,605
Total Functional Expenses$11,159,274$1,290,791$0$12,450,065

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$12,450,065
Total Expenses per Audited Statements$12,450,065
Total Expenses per Form 990$12,450,065
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 Affiliated Parties$320,285
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 Rietscha, 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 United Charter High School for Advanced Math and Science II ON JULY 1, 2024.

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

Form 990 is prepared by a 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's ceo, principal and members of the school's 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 ceo and 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 CEO IS DETERMINED AND APPROVED BY THE BOARD TRUSTEES OF A 501(C)(3) ORGANIZATION, UNITED CHARTER HIGH SCHOOLS. IN DETERMINING COMPENSATION, THE BOARD REFERS TO MARKET INFORMATION AND ADVICE PROVIDED BY THE EXECUTIVE RECRUITING FIRM UTILIZED. THE DECISION IS DOCUMENTED IN THE BOARD MINUTES. 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 1A, NUMBER 9:

THE CEO, DR. CURTIS A. PALMORE, IS COMPENSATED BY THE REPORTING ORGANIZATION BETWEEN 10/1/23 AND 9/30/24. His compensation was allocated between the following organizations during calendar year 2023: an unrelated organization: United Charter High Schools; related schools: United Charter High School for The Humanities, United Charter HS for The Humanities II, United Charter High School for Advanced Math and Science, and United Charter High School for Advanced Math and Science II.

Filing and Contact Details

Filer

Filer Name
United Charter High School for
EIN
45-4659946
In Care Of
% ACCOUNTING DEPT NVPS
Phone
7186653671
Address
475 RIVERSIDE DRIVE Suite 950, NEW YORK, NY 10115

Signing Officer

Name
Tracy Kebatta
Title
CFO/COO
Phone
2128702010
Signed
2025-04-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Curtis A Palmore
Formed
2012
Legal Domicile
Ny
Voting Board Members
9
Independent Board Members
9
Employees
88
Volunteers
11

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, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION:

United Charter High School for Advanced Math and Science II ENDEAVORS TO PROVIDE ALL STUDENTS, REGARDLESS OF THEIR PREVIOUS ACADEMIC HISTORY, EQUALLY WITH THE HIGHEST QUALITY EDUCATION IN AN ATMOSPHERE OF RESPECT, RESPONSIBILITY AND SAFETY.

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 gaap, an organization must recognize the tax benefit associated 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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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/Form990PartVIISectionAGrp/TitleTxt0PRINCIPAL
IRS990/Form990PartVIISectionAGrp/TitleTxt112TH GRADE,ASST PRINCIPAL
IRS990/Form990PartVIISectionAGrp/TitleTxt211TH GRADE, ASST PRINCIPAL
IRS990/Form990PartVIISectionAGrp/TitleTxt39TH GRADE,ASST PRINCIPAL
IRS990/Form990PartVIISectionAGrp/TitleTxt4DEPT HEAD - Science
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIR OF SCHOOL OPERATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt6LIBRARIAN
IRS990/Form990PartVIISectionAGrp/TitleTxt7DEPUTY DIR OF SCHOOL OPERATION
IRS990/Form990PartVIISectionAGrp/TitleTxt8CEO AS OF 10/1/23 (SEE SCH O)
IRS990/Form990PartVIISectionAGrp/TitleTxt9CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt10TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt11SECRETARY
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IRS990/Form990PartVIISectionAGrp/TitleTxt13TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt14TRUSTEE
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IRS990/Form990PartVIISectionAGrp/TitleTxt16TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt17TRUSTEE
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IRS990/Form990PartVIISectionAGrp/TitleTxt19TRUSTEE THRU 12/18/23
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