Civic Intelligence

Newark Educators' Community Charter School

990 • Fiscal year 2023 • EIN 80-0291709

Jul 01, 2022 to Jun 30, 2023 • Filed on May 13, 2024

88-108 Shipman StreetNewark, NJ 07102

(973) 732-3848

Siviq Scores

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

Liabilities / Assets

44th percentile

0.19x

Higher debt load relative to assets than 44% of similar nonprofits.

2023 filings • NTEE B • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

20th percentile

0.04x

Higher debt load relative to revenue than 20% of similar nonprofits.

2023 filings • NTEE B • $5M-$10M nonprofits • Source year 2023

Net Margin

41st percentile

0.7%

Higher net margin than 41% of similar nonprofits.

2023 filings • NTEE B • $5M-$10M nonprofits • Source year 2023

Top Officer Pay

24th percentile

$0

Higher top officer pay than 24% of similar nonprofits.

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

2023 filings • NTEE B • $5M-$10M nonprofits • Source year 2023

Asset Growth

3rd percentile

-42%

Faster asset growth than 3% of similar nonprofits.

2023 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

63rd percentile

12%

Faster revenue growth than 63% of similar nonprofits.

2023 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2022 to 2023

Assets

Down

$1,397,384

Down $1,003,179 (-42%) from 2022

Net Assets

Up

$1,127,234

Up $2,433,299 (+186%) from 2022

Liabilities

Down

$270,150

Down $3,436,478 (-93%) from 2022

Revenue

Up

$7,349,418

Up $775,498 (+12%) from 2022

Expenses

Up

$7,300,151

Up $1,198,079 (+20%) from 2022

Net Income

Down

$49,267

Down $422,581 (-90%) from 2022

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0-$2.0MAssets 2012: $368,786Liabilities 2012: $244,571Net Assets 2012: $124,2152012Assets 2014: $881,934Liabilities 2014: $463,057Net Assets 2014: $418,8772014Assets 2015: $1,289,615Liabilities 2015: $2,803,930Net Assets 2015: -$1,514,3152015Assets 2016: $1,255,831Liabilities 2016: $2,843,072Net Assets 2016: -$1,587,2412016Assets 2017: $1,862,982Liabilities 2017: $3,402,514Net Assets 2017: -$1,539,5322017Assets 2018: $1,542,926Liabilities 2018: $3,018,255Net Assets 2018: -$1,475,3292018Assets 2019: $2,630,313Liabilities 2019: $3,890,759Net Assets 2019: -$1,260,4462019Assets 2020: $2,157,386Liabilities 2020: $3,791,816Net Assets 2020: -$1,634,4302020Assets 2021: $2,362,736Liabilities 2021: $4,072,987Net Assets 2021: -$1,710,2512021Assets 2022: $2,400,563Liabilities 2022: $3,706,628Net Assets 2022: -$1,306,0652022Assets 2023: $1,397,384Liabilities 2023: $270,150Net Assets 2023: $1,127,2342023Assets 2024: $868,550Liabilities 2024: $351,806Net Assets 2024: $516,7442024

Highlighted filing

2023

Assets$1,397,384
Liabilities$270,150
Net Assets$1,127,234

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2012: $4,643,424Expenses 2012: $4,488,376Net Income 2012: $155,0482012Revenue 2014: $5,300,355Expenses 2014: $5,015,959Net Income 2014: $284,3962014Revenue 2015: $6,359,750Expenses 2015: $5,907,213Net Income 2015: $452,5372015Revenue 2016: $6,080,487Expenses 2016: $6,153,413Net Income 2016: -$72,9262016Revenue 2017: $6,436,832Expenses 2017: $6,389,123Net Income 2017: $47,7092017Revenue 2018: $6,864,765Expenses 2018: $6,800,562Net Income 2018: $64,2032018Revenue 2019: $6,612,908Expenses 2019: $6,398,024Net Income 2019: $214,8842019Revenue 2020: $5,844,494Expenses 2020: $6,218,478Net Income 2020: -$373,9842020Revenue 2021: $6,079,929Expenses 2021: $6,167,646Net Income 2021: -$87,7172021Revenue 2022: $6,573,920Expenses 2022: $6,102,072Net Income 2022: $471,8482022Revenue 2023: $7,349,418Expenses 2023: $7,300,151Net Income 2023: $49,2672023Revenue 2024: $6,485,015Expenses 2024: $7,095,505Net Income 2024: -$610,4902024

Highlighted filing

2023

Revenue$7,349,418
Expenses$7,300,151
Net Income$49,267
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 13, 2024
Return Version
2022v5.0
Gross Receipts
$7,349,418
Mission and Program Overview

Mission

Newark educators' community charter school (neccs) is an engaging learning community. We support the holistic growth of children and educators. Neccs is a place where culture, community, and professional knowledge come together.

See Sch O

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$96,658$702,410▲ $605,752
Accounts Receivable$878,167$694,974▼ $183,193
Prepaid Expenses and Deferred Charges$52,013--
Total Assets$1,171,987$1,397,384▲ $225,397
Other Assets Total$145,149--
Liabilities
Accounts Payable and Accrued Expenses$7,052$183,182▲ $176,130
Deferred Revenue$86,968$86,968→ $0
Total Liabilities$94,020$270,150▲ $176,130
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$990,762$1,040,029▲ $49,267
Net Assets With Donor Restrictions$87,205$87,205→ $0
Total Net Assets Fund Balance$1,077,967$1,127,234▲ $49,267
Total Liabilities and Net Assets / Fund Balance$1,171,987$1,397,384▲ $225,397
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$7,306,097
Program Service Revenue
$43,321
Investment Income
$0
Other Revenue
$0
All Other Contributions
$52,717
Change in Net Assets
$49,267

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,349,418
Total Revenue per Audited Statements
$7,349,418
Total Revenue per Form 990
$7,349,418
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,577,437
Other Expenses$2,722,714
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,683,985$409,233-$3,093,218
Other Employee Benefits$1,287,857$196,362-$1,484,219
Occupancy$416,496$63,504-$480,000
Other Expenses$101,576$15,488-$117,064
All Other Expenses$96,438$14,704-$111,142
Insurance$63,405$9,668-$73,073
Total Functional Expenses$6,366,168$933,983$0$7,300,151

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$7,300,151
Total Expenses per Audited Statements$7,300,151
Total Expenses per Form 990$7,300,151
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 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
Yes
Management duties delegated
No

Governance Explanations

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

The organizations form 990 is available upon request at the charter schools business office and online

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

The Board follows the conflict of interest 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
Newark Educators Community Charter School
EIN
80-0291709
Phone
9737323848
Address
88-108 SHIPMAN STREET, NEWARK, NJ 07102

Signing Officer

Name
Brian Falkowski
Title
Business Administrator
Phone
9737323848
Signed
2024-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brian Falkowski
Formed
2009
Legal Domicile
Nj
Voting Board Members
6
Independent Board Members
6
Employees
75

Preparer

Firm
Scott J Loefflercpallc
Address
186 COLUMBIA TPKE NO 5145, FLORHAM PARK, NJ 07932
Preparer
Scott J Loefflercpa
Phone
9735854989
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 1

At Newark Educators Community Charter School NECCS, our curriculum and major activities are based on five values 1 Including all studetns - We believe that every child has the right to a bright future. Our flexible learning environment allows for the needs of each child to be considered and to ensure that every student reaches their full potential. 2 Creating a dynamic and experintial learning evironment - Our responsive approach turns the clasroom into an interactive object and engages studetns based on their interests. Our curriculum goes beyond the basics to include apecialized programs such as science, arts, and physical education. 3 Preparing studetns for success in life - We belive success includes academic and life skills. 4 Fostering dedicated teachers and mentors - One of the things we are most proud of at our school is our committed staff . 5 Building a happy and safe environment where children are excited to come every day.

Form 990, Part III, Line 1

NECCS is an engaging learning community. NECCS supports the holistic growth of children and educators. It is a place where culture, community, and professional knowledge come together. NECCS is committed to 1 Create a safe leanring environment for our studetns, staff, families and community. 2 Belive that our studetns can and will achieve their highest potential. 3 Present ourselves as consummate professionals for our studetns and families. 4 Research best practices and promise to realize them in our classrooms. 5 Support families who need our assistance. 6 Collaborate with all stakeholders for the betterment of our students.

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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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IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0The school is a Public Charter School that receives ESEA and IDEA Grants for education of students within the school.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc06a
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0At Newark Educators Community Charter School NECCS, our curriculum and major activities are based on five values 1 Including all studetns - We believe that every child has the right to a bright future. Our flexible learning environment allows for the needs of each child to be considered and to ensure that every student reaches their full potential. 2 Creating a dynamic and experintial learning evironment - Our responsive approach turns the clasroom into an interactive object and engages studetns based on their interests. Our curriculum goes beyond the basics to include apecialized programs such as science, arts, and physical education. 3 Preparing studetns for success in life - We belive success includes academic and life skills. 4 Fostering dedicated teachers and mentors - One of the things we are most proud of at our school is our committed staff . 5 Building a happy and safe environment where children are excited to come every day.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NECCS is an engaging learning community. NECCS supports the holistic growth of children and educators. It is a place where culture, community, and professional knowledge come together. NECCS is committed to 1 Create a safe leanring environment for our studetns, staff, families and community. 2 Belive that our studetns can and will achieve their highest potential. 3 Present ourselves as consummate professionals for our studetns and families. 4 Research best practices and promise to realize them in our classrooms. 5 Support families who need our assistance. 6 Collaborate with all stakeholders for the betterment of our students.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATIONS FORM 990 IS AVAILABLE UPON REQUEST AT THE CHARTER SCHOOLS BUSINESS OFFICE AND ONLINE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Board follows the conflict of interest prescribed by the NJ Department of Education.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The Board reviews and approves all salaries.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5All 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 I, Line 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part III, Line 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 11A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, Line 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section C, Line 19
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IRS990/USAddress/AddressLine1Txt088-108 SHIPMEAN ST
IRS990/USAddress/CityNm0NEWARK
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IRS990/VotingMembersGoverningBodyCnt06
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IRS990/WebsiteAddressTxt0HTTP://NEWARKEDUCATORS.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0BRIAN FALKOWSKI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0BUSINESS ADMINISTRATOR
ReturnHeader/BusinessOfficerGrp/PhoneNum09737323848
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-05-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NEWARK EDUCATORS COMMUNITY CHARTER SCHOOL
ReturnHeader/Filer/BusinessNameControlTxt0NEWA
ReturnHeader/Filer/EIN0800291709
ReturnHeader/Filer/PhoneNum09737323848
ReturnHeader/Filer/USAddress/AddressLine1Txt088-108 SHIPMAN STREET
ReturnHeader/Filer/USAddress/CityNm0NEWARK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NJ
ReturnHeader/Filer/USAddress/ZIPCd007102
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0922828656
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SCOTT J LOEFFLERCPALLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0186 COLUMBIA TPKE NO 5145
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FLORHAM PARK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd007932
ReturnHeader/PreparerPersonGrp/PhoneNum09735854989
ReturnHeader/PreparerPersonGrp/PreparationDt02024-05-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SCOTT J LOEFFLERCPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02024-05-13T09:57:14-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0BRIAN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0FALKOWSKI
ReturnHeader/TaxPeriodBeginDt02022-07-01
ReturnHeader/TaxPeriodEndDt02023-06-30
ReturnHeader/TaxYr02022

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