Civic Intelligence

Philips Academy Charter School Inc.

990 • Fiscal year 2015 • EIN 46-1960549

Jul 01, 2014 to Jun 30, 2015 • Filed on Mar 08, 2016

Organization ProfilePACSNEWARK.ORG

View Organization Page

342 Central AvenueNewark, NJ 07103

(973) 624-0644

Siviq Scores

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

Liabilities / Assets

82nd percentile

0.66x

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

2015 filings • NTEE B • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

55th percentile

0.12x

Higher debt load relative to revenue than 55% of similar nonprofits.

2015 filings • NTEE B • $1M-$5M nonprofits • Source year 2015

Net Margin

56th percentile

4.8%

Higher net margin than 56% of similar nonprofits.

2015 filings • NTEE B • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

74th percentile

$127,788

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 2.7% of source-year revenue.

2015 filings • NTEE B • $1M-$5M nonprofits • Source year 2015

Asset Growth

81st percentile

33%

Faster asset growth than 81% of similar nonprofits.

2015 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

49th percentile

4.6%

Faster revenue growth than 49% of similar nonprofits.

2015 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets82nd percentile

Assets

Up

$884,484

Up $219,154 (+33%) from 2014

Net Assets

Up

$300,050

Up $224,939 (+299%) from 2014

Liabilities

Down

$584,434

Down $5,785 (-1.0%) from 2014

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin56th percentile

Revenue

Up

$4,726,695

Up $207,994 (+4.6%) from 2014

Expenses

Up

$4,501,756

Up $58,166 (+1.3%) from 2014

Net Income

Up

$224,939

Up $149,828 (+199%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth81st percentile

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

$3.0M$2.0M$1.0M$0Assets 2014: $665,330Liabilities 2014: $590,219Net Assets 2014: $75,1112014Assets 2015: $884,484Liabilities 2015: $584,434Net Assets 2015: $300,0502015Assets 2016: $1,029,753Liabilities 2016: $544,144Net Assets 2016: $485,6092016Assets 2017: $1,067,240Liabilities 2017: $667,756Net Assets 2017: $399,4842017Assets 2018: $946,951Liabilities 2018: $902,684Net Assets 2018: $44,2672018Assets 2019: $694,910Liabilities 2019: $502,575Net Assets 2019: $192,3352019Assets 2020: $1,086,302Liabilities 2020: $880,998Net Assets 2020: $205,3042020Assets 2021: $1,599,762Liabilities 2021: $1,147,996Net Assets 2021: $451,7662021Assets 2022: $1,749,669Liabilities 2022: $1,490,969Net Assets 2022: $258,7002022Assets 2023: $1,988,278Liabilities 2023: $1,690,694Net Assets 2023: $297,5842023Assets 2024: $2,046,603Liabilities 2024: $1,378,565Net Assets 2024: $668,0382024

Highlighted filing

2015

Assets$884,484
Liabilities$584,434
Net Assets$300,050
Open 2015 Filing

Operations Trend

Revenue Growth49th percentile

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

$20M$15M$10M$5.0M$0-$5.0MRevenue 2014: $4,518,701Expenses 2014: $4,443,590Net Income 2014: $75,1112014Revenue 2015: $4,726,695Expenses 2015: $4,501,756Net Income 2015: $224,9392015Revenue 2016: $5,501,953Expenses 2016: $5,316,394Net Income 2016: $185,5592016Revenue 2017: $5,945,640Expenses 2017: $6,031,765Net Income 2017: -$86,1252017Revenue 2018: $7,003,618Expenses 2018: $7,358,835Net Income 2018: -$355,2172018Revenue 2019: $7,912,478Expenses 2019: $7,764,410Net Income 2019: $148,0682019Revenue 2020: $8,611,066Expenses 2020: $8,598,097Net Income 2020: $12,9692020Revenue 2021: $9,182,074Expenses 2021: $8,948,653Net Income 2021: $233,4212021Revenue 2022: $13,081,311Expenses 2022: $13,274,377Net Income 2022: -$193,0662022Revenue 2023: $14,067,353Expenses 2023: $14,028,469Net Income 2023: $38,8842023Revenue 2024: $15,034,340Expenses 2024: $14,663,886Net Income 2024: $370,4542024

Highlighted filing

2015

Revenue$4,726,695
Expenses$4,501,756
Net Income$224,939
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Mar 8, 2016
Return Version
2014v6.0
Gross Receipts
$4,726,695
Mission and Program Overview

Mission

We will provide a moral and rigorous education, accomplished in a hands-on, technology infused educational environment that will allow our students to attend college, while developing a commitment to global citizenship, environmental sustainability, and personal virtue.

Philips Academy Charter School is a public school that is overseen by the NJ Department of Education. The School offers an alternate academic program to assist children to discover their talents.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$437,653$761,569▲ $323,916
Accounts Receivable$227,677$122,915▼ $104,762
Total Assets$665,330$884,484▲ $219,154
Liabilities
Accounts Payable and Accrued Expenses$590,219$584,434▼ $5,785
Total Liabilities$590,219$584,434▼ $5,785
Net Assets / Fund Balance
Unrestricted Net Assets$75,111$300,050▲ $224,939
Total Net Assets Fund Balance$75,111$300,050▲ $224,939
Total Liabilities and Net Assets / Fund Balance$665,330$884,484▲ $219,154
Compensation and Service Providers
Top Officer Pay74th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Mark SchultzPrincipalFT$127,788$127,788

Board Members and Trustees

NameTitle
Dale R AnglinPresident
K Anthony ThomasVice President
Cynthia D Pullen- ThompsonTrustee
Gary S DebodeTrustee
Jennifer RobinsonTrustee
Randall KanterTrustee
Tammie a ReidTrustee
William D Birch JrTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$4,726,695
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$59,681
Change in Net Assets
$224,939

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,726,695
Total Revenue per Audited Statements
$4,726,695
Total Revenue per Form 990
$4,726,695
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,222,260
Other Expenses$1,279,496
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,969,041$560,075-$2,529,116
Occupancy$610,009--$610,009
Other Employee Benefits$446,071$119,285-$565,356
All Other Expenses$176,690--$176,690
Current Officers, Directors, Trustees, and Key Employees$127,788--$127,788
Insurance$94,623--$94,623
Other Expenses$30,224--$30,224
Total Functional Expenses$3,822,396$679,360$0$4,501,756

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,501,756
Total Expenses per Audited Statements$4,501,756
Total Expenses per Form 990$4,501,756
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-
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 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
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The School reviews the Form 990 with the outside auditor before filing”

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

“The board adheres to the conflict of interest policy as 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 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
Philips Academy Charter School Inc
EIN
46-1960549
Phone
9736240644
Address
342 CENTRAL AVENUE, NEWARK, NJ 07103

Signing Officer

Name
Dale Anglin
Title
President
Signed
2016-03-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dale Anglin
Formed
2012
Legal Domicile
Nj
Voting Board Members
8
Independent Board Members
8
Employees
87

Preparer

Firm
Scott J Loeffler CPA
Address
12 MERRY LANE, EAST HANOVER, NJ 07936
Preparer
Scott Loefflercpa
Phone
9735854989
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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0The School operates as a NJ Public School under the NJ Department of Education. The School also receives Federal NCLB and IDEA federal funding to help promote their academics.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc06A
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The School reviews the Form 990 with the outside auditor before filing
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The board adheres to the conflict of interest policy as prescribed by the NJ Department of Education
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Board reviews and approves all salaries
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/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0665330
IRS990/TotalAssetsEOYAmt0884484
IRS990/TotalAssetsGrp/BOYAmt0665330
IRS990/TotalAssetsGrp/EOYAmt0884484
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt04726695
IRS990/TotalEmployeeCnt087
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0679360
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03822396
IRS990/TotalFunctionalExpensesGrp/TotalAmt04501756
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0590219
IRS990/TotalLiabilitiesEOYAmt0584434
IRS990/TotalLiabilitiesGrp/BOYAmt0590219
IRS990/TotalLiabilitiesGrp/EOYAmt0584434
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt075111
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0300050
IRS990/TotalProgramServiceExpensesAmt03822396
IRS990/TotalReportableCompFromOrgAmt0127788
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt04726695
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0665330
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0884484
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt075111
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0300050
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0342 CENTRAL AVE
IRS990/USAddress/CityNm0NEWARK
IRS990/USAddress/StateAbbreviationCd0NJ
IRS990/USAddress/ZIPCd007103
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0PACSNEWARK.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02016-08-17 19:52:53Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DALE ANGLIN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-03-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PHILIPS ACADEMY CHARTER SCHOOL INC
ReturnHeader/Filer/BusinessNameControlTxt0PHIL
ReturnHeader/Filer/EIN0461960549
ReturnHeader/Filer/PhoneNum09736240644
ReturnHeader/Filer/USAddress/AddressLine1Txt0342 CENTRAL AVENUE
ReturnHeader/Filer/USAddress/CityNm0NEWARK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NJ
ReturnHeader/Filer/USAddress/ZIPCd007103
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SCOTT J LOEFFLER CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt012 MERRY LANE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0EAST HANOVER
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd007936
ReturnHeader/PreparerPersonGrp/PhoneNum09735854989
ReturnHeader/PreparerPersonGrp/PreparationDt02016-03-08
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SCOTT LOEFFLERCPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02016-03-08T03:54:56-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-07-01
ReturnHeader/TaxPeriodEndDt02015-06-30
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$884,484
Liabilities
$584,434
Net assets
$300,050
Revenue
$4,726,695
Expenses
$4,501,756
Net income
$224,939
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.05$1.38$0.67$15.0$14.7$0.37
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.99$1.69$0.30$14.1$14.0$0.04
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.75$1.49$0.26$13.1$13.3$0.19
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.60$1.15$0.45$9.18$8.95$0.23
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.09$0.88$0.21$8.61$8.60$0.01
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.69$0.50$0.19$7.91$7.76$0.15
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.95$0.90$0.04$7.00$7.36$0.36
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.07$0.67$0.40$5.95$6.03$0.09
2016Detailed filing. Detailed filing data is available for this year.$1.03$0.54$0.49$5.50$5.32$0.19
2015Detailed filing. Detailed filing data is available for this year.$0.88$0.58$0.30$4.73$4.50$0.22
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.67$0.59$0.08$4.52$4.44$0.08