Civic Intelligence

The Academy Charter School

EIN 80-0353508 • 501(c)3 • Hempstead, NY

Profile

Create world class competitive scholars who will LEARN today, LEAD tomorrow, and SERVE in the future.To graduate students with the content mastery and life skills needed to move into the top five percent of their middle and high school classes.To accomplish this, The Academy Charter School offers an exceptional interdisciplinary curriculum in a technology-rich environment that challenges students to explore connections across subjects and use experiential learning to bridge the gaps between theory and practice.Our Philosophy:Core Mastery, Character Development, and Community AwarenessOur school will improve student academic achievement by focusing on three important areas of our childrens growth that will enable them to be empowered adults: mastery of academic subjects, an intensive focus on character development, and fostering a lifelong behavior of giving back to their community.

117 North Franklin StreetHempstead, NY 11550

www.academycharterschool.org

Siviq Scores

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

Liabilities / Assets

88th percentile

0.94x

Higher debt load relative to assets than 88% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2023

Liabilities / Revenue

84th percentile

2.16x

Higher debt load relative to revenue than 84% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2023

Net Margin

57th percentile

6.4%

Higher net margin than 57% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2023

Top Officer Pay

32nd percentile

$339,797

Higher top officer pay than 32% of similar nonprofits.

Top officer pay equals 0.5% of source-year revenue.

501(c)3 • $100M-$250M nonprofits • Source year 2022

Asset Growth

53rd percentile

6.7%

Faster asset growth than 53% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2022 to 2023

Revenue Growth

80th percentile

24%

Faster revenue growth than 80% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2022 to 2023

Assets

Down

$191,257,616

Down $2,052,795 (-1.1%) from 2023

Liabilities

Down

$177,491,447

Down $3,331,931 (-1.8%) from 2023

Net Assets

Up

$13,766,169

Up $1,279,136 (+10%) from 2023

Revenue

Up

$87,814,282

Up $4,191,137 (+5.0%) from 2023

Expenses

Up

$86,535,146

Up $8,265,693 (+11%) from 2023

Net Income

Down

$1,279,136

Down $4,074,556 (-76%) from 2023

Trend Graphs

Balance Sheet Trend

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

$200M$150M$100M$50M$0Assets 2010: $803,023Liabilities 2010: $298,480Net Assets 2010: $504,5432010Assets 2011: $12,249,088Liabilities 2011: $11,259,577Net Assets 2011: $989,5112011Assets 2012: $12,015,795Liabilities 2012: $11,410,621Net Assets 2012: $605,1742012Assets 2013: $12,385,841Liabilities 2013: $11,504,370Net Assets 2013: $881,4712013Assets 2014: $26,798,539Liabilities 2014: $25,525,238Net Assets 2014: $1,273,3012014Assets 2015: $28,511,738Liabilities 2015: $27,962,927Net Assets 2015: $548,8112015Assets 2016: $27,536,260Liabilities 2016: $26,819,080Net Assets 2016: $717,1802016Assets 2017: $29,542,118Liabilities 2017: $27,287,269Net Assets 2017: $2,254,8492017Assets 2018: $91,782,706Liabilities 2018: $89,887,686Net Assets 2018: $1,895,0202018Assets 2019: $95,762,158Liabilities 2019: $91,981,248Net Assets 2019: $3,780,9102019Assets 2020: $99,731,465Liabilities 2020: $95,109,243Net Assets 2020: $4,622,2222020Assets 2021: $181,369,373Liabilities 2021: $173,359,771Net Assets 2021: $8,009,6022021Assets 2022: $181,210,235Liabilities 2022: $174,076,894Net Assets 2022: $7,133,3412022Assets 2023: $193,310,411Liabilities 2023: $180,823,378Net Assets 2023: $12,487,0332023Assets 2024: $191,257,616Liabilities 2024: $177,491,447Net Assets 2024: $13,766,1692024

Highlighted filing

2024

Assets$191,257,616
Liabilities$177,491,447
Net Assets$13,766,169

Operations Trend

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

$100M$50M$0-$50MExpenses 2010: $3,042,9322010Revenue 2011: $4,654,047Expenses 2011: $4,169,079Net Income 2011: $484,9682011Expenses 2012: $6,885,7852012Revenue 2013: $7,869,262Expenses 2013: $7,592,965Net Income 2013: $276,2972013Revenue 2014: $9,431,527Expenses 2014: $9,039,697Net Income 2014: $391,8302014Revenue 2015: $13,295,307Expenses 2015: $14,017,983Net Income 2015: -$722,6762015Revenue 2016: $15,481,332Expenses 2016: $15,312,963Net Income 2016: $168,3692016Revenue 2017: $18,980,682Expenses 2017: $17,443,013Net Income 2017: $1,537,6692017Revenue 2018: $21,637,638Expenses 2018: $21,997,467Net Income 2018: -$359,8292018Revenue 2019: $34,222,367Expenses 2019: $32,336,477Net Income 2019: $1,885,8902019Revenue 2020: $42,238,674Expenses 2020: $41,397,362Net Income 2020: $841,3122020Revenue 2021: $54,353,660Expenses 2021: $50,966,280Net Income 2021: $3,387,3802021Revenue 2022: $67,589,131Expenses 2022: $68,465,392Net Income 2022: -$876,2612022Revenue 2023: $83,623,145Expenses 2023: $78,269,453Net Income 2023: $5,353,6922023Revenue 2024: $87,814,282Expenses 2024: $86,535,146Net Income 2024: $1,279,1362024

Highlighted filing

2024

Revenue$87,814,282
Expenses$86,535,146
Net Income$1,279,136

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$191$177$13.8$87.8$86.5$1.28
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$193$181$12.5$83.6$78.3$5.35
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$181$174$7.13$67.6$68.5$0.88
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$181$173$8.01$54.4$51.0$3.39
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$99.7$95.1$4.62$42.2$41.4$0.84
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$95.8$92.0$3.78$34.2$32.3$1.89
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$91.8$89.9$1.90$21.6$22.0$0.36
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$29.5$27.3$2.25$19.0$17.4$1.54
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$27.5$26.8$0.72$15.5$15.3$0.17
2015Detailed filing. Detailed filing data is available for this year.$28.5$28.0$0.55$13.3$14.0$0.72
2014Detailed filing. Detailed filing data is available for this year.$26.8$25.5$1.27$9.43$9.04$0.39
2013Summary only. Only limited summary data is available for this year.$12.4$11.5$0.88$7.87$7.59$0.28
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.0$11.4$0.61$6.89
2011Summary only. Only limited summary data is available for this year.$12.2$11.3$0.99$4.65$4.17$0.48
2010XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.80$0.30$0.50$3.04
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 12, 2023
Return Version
2021v4.1
Gross Receipts
$67,589,131
Mission and Program Overview

Mission

Create world class competitive scholars who will LEARN today, LEAD tomorrow, and SERVE in the future.To graduate students with the content mastery and life skills needed to move into the top five percent of their middle and high school classes.To accomplish this, The Academy Charter School offers an exceptional interdisciplinary curriculum in a technology-rich environment that challenges students to explore connections across subjects and use experiential learning to bridge the gaps between theory and practice.Our Philosophy:Core Mastery, Character Development, and Community AwarenessOur school will improve student academic achievement by focusing on three important areas of our childrens growth that will enable them to be empowered adults: mastery of academic subjects, an intensive focus on character development, and fostering a lifelong behavior of giving back to their community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$106,898,072$117,277,032▲ $10,378,960
Savings and Temporary Cash Investments$4,519,868$6,661,500▲ $2,141,632
Intangible Assets$5,286,385$5,097,024▼ $189,361
Pledges and Grants Receivable$656,675$3,246,936▲ $2,590,261
Cash and Non-Interest-Bearing Accounts$5,302,609$3,182,837▼ $2,119,772
Accounts Receivable$1,248,677$1,304,244▲ $55,567
Prepaid Expenses and Deferred Charges$48,110$37,334▼ $10,776
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Inventories for Sale or Use-$0-
Total Assets$181,369,373$181,210,235▼ $159,138
Other Assets Total$57,408,977$44,403,328▼ $13,005,649
Liabilities
Tax Exempt Bond Liabilities$163,684,728$162,189,728▼ $1,495,000
Accounts Payable and Accrued Expenses$7,642,751$7,448,223▼ $194,528
Mortgage Notes Payable Secured by Investment Property-$2,500,000-
Other Liabilities$1,971,937$1,938,943▼ $32,994
Deferred Revenue$60,355--
Total Liabilities$173,359,771$174,076,894▲ $717,123
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$7,826,421$6,949,649▼ $876,772
Net Assets With Donor Restrictions$183,181$183,692▲ $511
Total Net Assets Fund Balance$8,009,602$7,133,341▼ $876,261
Total Liabilities and Net Assets / Fund Balance$181,369,373$181,210,235▼ $159,138

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$109,622,892$9,595,573$119,218,465
Equipment$4,001,887$5,931,860$9,933,747
Other Land Buildings$2,862,253$2,308,439$5,170,692
Land$790,000-$790,000
Other Assets Org$124,657--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dr Nicholas StapletonCAOFT$302,382$37,415$339,797
Bishop Barrington GoldsonCEOFT$267,643$23,266$290,909
Sandrea OneilGeneral CounselFT$233,077$34,675$267,752
Wayne HaughtonEd/CDOFT$235,162$27,647$262,809
Alwayne BurkeGroup CFOFT$208,419$28,853$237,272
Donovan HenryCFOFT$193,560$34,218$227,778
Paula MorrisChief Inst. Tech &FT$176,479$22,120$198,599
Travis HollowayPrincipalFT$172,183$25,554$197,737
Juliann HarrisDep Cheif AcademicFT$157,185$30,413$187,598
Oddette WilliamsDeputy Chief AcadeFT$167,763$12,441$180,204
Donna Douglassr. Director of opsFT$165,392$14,700$180,092
Beth MckenzieSecretary-$90,000-$90,000
Stephen RowleyTrusteeFT$41,479-$41,479

Board Members and Trustees

NameTitle
Robert StewartBoard Chair
Dawn WestVice Chair
Carol BecklesTrustee
Claudette HarrisonTrustee
Dorothy BurtonTrustee
Dr Roger BallTrustee
Marie GrahamTrustee
Peter GoodmanTrustee
Roderick RobertsTrustee
Dale JamesTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Lambert Painting & Renovations LLCFacilities maintenance92 Holly Ave, Hempstead, NY 11550$756,105
Ral Snow Removal & LandscapingFacilities maintenance16 Azalia ct, Hempstead, NY 11550$307,512
Benjamin & Young LLCExecutive Coaching & Char100 jay street, brooklyn, NY 11201$175,000
Sjr Security Consultants LLCSecurity services1395 Jerusalem Ave, merrick, NY 11566$146,465
all delivery serviceDelivery & Transport7 harold avenue, hempstead, NY 11530$108,859
Revenue and Support

Revenue Composition

Contributions and Grants
$3,877,614
Program Service Revenue
$62,886,667
Investment Income
$0
Other Revenue
$824,850
All Other Contributions
$433,376
Change in Net Assets
$-876,261

Audited Revenue Reconciliation

Revenue per Audited Statements
$67,589,131
Total Revenue per Audited Statements
$67,589,131
Total Revenue per Form 990
$67,589,131
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$42,948,216
Other Expenses$25,517,176
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$26,649,594$6,530,430-$33,180,024
Interest$5,514,072$1,649,803-$7,163,875
Other Employee Benefits$4,718,156$188,941-$4,907,097
Depreciation Depletion$3,712,217$1,109,115-$4,821,332
Payroll Taxes$1,973,249$578,797-$2,552,046
All Other Expenses$2,303,358$220,925-$2,524,283
Current Officers, Directors, Trustees, and Key Employees-$1,697,759-$1,697,759
Other Expenses$1,193,646$251,239-$1,444,885
Occupancy$489,777$148,427-$638,204
Pension Plan Contributions$571,306$39,984-$611,290
Fees for Services Management$228,049$336,301-$564,350
Information Technology$409,874$119,369-$529,243
Fees for Services Legal$316,092$101,721-$417,813
Insurance$285,508$97,118-$382,626
Fees for Services Accounting-$318,258-$318,258
Fees for Services Other$194,189$73,546-$267,735
Advertising$235,215--$235,215
Total Functional Expenses$54,781,279$13,684,113$0$68,465,392

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$68,465,392
Total Expenses per Audited Statements$68,465,392
Total Expenses per Form 990$68,465,392
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
Marie GrahamTrusteeProperty rental to orgNo$21,000

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
accrued interest payable$1,938,943

Bond Issues

BondIssuerIssuedIssue PricePurpose
ATown of Hempser2017ab2017-02-01$35,900,000ACQ./CONST. SCHOOL BLDG
CTown of Hempser2021a2021-05-21$23,825,000ACQ./CONST. SCHOOL BLDG
ATown of Hempser2020a2020-07-01$20,055,000ACQ./CONST. SCHOOL BLDG
BTown of Hempser2018ab2018-02-01$19,520,000ACQ./CONST. SCHOOL BLDG
BTown of Hempser2021a2021-05-21$15,310,000ACQ./CONST. SCHOOL BLDG
DTown of Hempser2020a2020-07-01$14,035,000ACQ./CONST. SCHOOL BLDG
DTown of Hempser2020b2020-07-01$10,605,000ACQ./CONST. SCHOOL BLDG
CTown of Hempser2020b2020-07-01$7,515,000ACQ./CONST. SCHOOL BLDG
ATown of Hempser2021a2021-05-21$6,830,000ACQ./CONST. SCHOOL BLDG
BTown of Hempser2020b2020-07-01$4,015,000ACQ./CONST. SCHOOL BLDG
CTown of Hempser2020a2020-07-01$1,770,000ACQ./CONST. SCHOOL BLDG

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$27,322,826-$630,000$1,637,530
C$19,937,708--$176,669
A$17,241,791--$49,130
B$13,408,010-$295,000$1,167,074
B$12,812,017--$113,528
D$12,066,245--$34,382
D$9,762,341--$24,837
C$6,917,868--$17,600
A$5,715,616--$50,646
B$3,695,974--$9,403
C$1,521,714-$570,000$4,336

Bond Financing Compliance

Form 8038-T filed
Yes
Gross proceeds invested in GIC
No
Corrective action procedures
Yes
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
Yes
Business relationship with family members
No
Business relationship with organization members
Yes
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, Line 11B: Form 990 Review Process

The draft 990 is first reviewed by the assistant cfo, cfo, and group cfo of the school. The draft is then circulated to board members for their review and comments prior to filing the 990.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Description of process to monitor transactions for conflicts of interest.a. Each covered person shall annually sign a statement that affirms that such person: 1. Has received a copy of the policy. 2. Has read and understands the policy. 3. Has agreed to comply with the policy, and 4. Understands that the corporation is a charitable organization and that in order to maintain its federal tax exemption and the trust of the public it must diligently avoid conflicts of interest or the appearance of any conflict and engage primarily in activities that accomplish one or more of its tax-exempt purposes.b. This policy shall be reviewed annually for the information and guidance of covered persons, and any new covered person shall be advised of the policy upon becoming a covered person and shall file an annual statement with the corporation.c. To further the purpose of the disclosure provisions of this policy.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

The salary budget is prepared at the recommendation of the principal and board finance committe. Other teacher salary scales, including the doe are taken into account when determining salaries.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

ALL THE PUBLIC DOCUMENTS ARE AVAILABLE UPON REQUEST. ALSO, THE ORGANIZATION TIMELY FILED ITS INITIAL NYS CHAR 500 ANNUAL REPORT WITH THE OFFICE OF THE NY STATE ATTORNEY GENERAL AND ITS STATUS AS AN EXEMPT SCHOOL has been approved.

Filing and Contact Details

Filer

Filer Name
The Academy Charter School
EIN
80-0353508
Phone
5164082200
Address
117 NORTH FRANKLIN STREET, HEMPSTEAD, NY 11550

Signing Officer

Name
Donovan Henry
Title
CFO
Signed
2023-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Barrington Goldson
Formed
2009
Legal Domicile
Ny
Voting Board Members
12
Independent Board Members
9
Employees
884
Volunteers
12

Preparer

Firm
Ncheng Llp Certified Public Accountants
Address
40 WALL ST 32ND FL, NEW YORK, NY 10005
Preparer
Miaoling Lin
Phone
2127850100
Supplemental Narrative

Additional Explanations

Independent Contractors - Payroll Services

In reference to form 990 part v question 2a & b, the employees of the academy charter school were compensated through a third party payroll company named littlebird hr inc, ein 47-5466716.

Organizational History - Elementary Schools

Prior to the inception of the Academy, academic performance statistics of children in our community were reviewed and they did not paint a promising picture. However, based on our prior involvement with our community, we knew that the performance as depicted by the statistics was not an accurate indication of these students abilities. We knew that they could succeed if given an optimal environment and it became clear that the children in Hempstead needed an opportunity to improve their academic skills. We also knew that if we could maximize their educational experience, we would alter the trajectory of their life. Standing on the sidelines was not an option, so we decided to take ownership and become involved in the educational decisions that affected our community and the underserved youth who live in it. It was out of that concern and desire to act that the Academy Charter School was founded.About the Elementary SchoolIn 2008, a core group of 11 parents and community leaders in Hempstead, NY concerned with the educational outcomes in the Hempstead School District, came together to form The Academy Charter School (The Academy). The Academy was incorporated on February 23, 2009 and opened its doors to 164 students, in grades K-2 on September 9, 2009 AND BY THE 2019-2020 YEAR, HAD A TOTAL HEMPSTEAD ENROLLMENT OF 856 STUDENTS IN GRADES K-5.The school initially operated in a leased building located at 94 Fulton Avenue, Hempstead, NY. As time passed it was clear that the 10,000 square foot space could not accommodate the magnitude of our schools growth and, as a result, we sought to undergo an expansion. As part of the first expansion plan and commitment to invest in the infrastructure of the community, we acquired a piece of land and an existing 34,540 square foot two-story building located at 117 North Franklin Street, Hempstead, NY which became the official site of The Academy elementary school in 2011.UNIONDALE CAMPUSIN 2018, WE EMBARKED UPON OUR UNIONDALE EXPANSION PLAN WHICH INCLUDED THEACQUISITION, RENOVATION AND EQUIPPING OF AN APPROXIMATELY 5.7 ACRE PARCEL OF LANDWHICH INCLUDED A 66,885 SQUARE FOOT BUILDING AT 100 CHARLES LINDBERGHBOULEVARD, UNIONDALE, NY. THIS SITE WAS OPENED IN SEPT 2018 AND SERVES AS THE UNIONDALE ELEMENTARY SCHOOL LOCATION WHICH HOSTS GRADES K3 AND HAS A CURRENT ENROLLMENT OF 249 STUDENTS FOR THE 2019-20 SCHOOL YEAR.

Organiztional History - High School

IN 2017, WE EMBARKED UPON OUR HIGH SCHOOL EXPANSION PLAN WHICH INCLUDED THE CONSTRUCTION OF A 77,215 SQUARE FOOT FOUR-STORY BUILDING AT 127 NORTH FRANKLIN STREET, HEMPSTEAD, NY. THIS SITE WAS OPENED IN SEPT 2019 AND SERVES AS THE HIGH SCHOOL LOCATION WHICH HOSTS GRADES 9 12 AND HAS A CURRENT ENROLLMENT OF 498 STUDENTS FOR THE 2019-20 SCHOOL YEAR.Since its inception, The Academy has offered an exceptional interdisciplinary curriculum in a technology rich environment that challenges students to explore connections across subjects and use experiential learning to bridge the gaps between theory and practice. In addition to core subjects, our students benefit from high expectations in physical education and the arts. Our focus on character development and community service cultivates a student body poised to be active, engaged and responsible members of the community. We employ a committed staff whose teaching and high academic and behavioral expectations promote the excellence our communitys children can achieve.The Academy has made a tremendous impact on the community in which it is located. We have instilled a standard of excellence in all of our students. Our students will graduate from the Academy with the content mastery and life skills needed to move into the top five percent of their classes. They will not only graduate at the top of their class but will serve as leaders in their communities. As our motto states, our scholars will LEARN today, LEAD tomorrow and SERVE in the future.

Organiztional History - Middle School

In 2013, we embarked upon our second expansion plan which included the acquisition of an approximately 1.13 acre parcel of land which included a 39,004 square foot four-story building at 159 North Franklin Street, Hempstead, NY. This site serves as the middle school location which hosts grades 5 8 and has a current enrollment of 362 students for the 2019-20 school year.

Financial Statement Notes

Part X : FIN48 Footnote

Tax StatusThe School is tax-exempt under Section 501(c)(3) of the Internal Revenue Code (IRC) and has been classified as a publicly supported organization as described in IRC sections 509(A)(1) and 170(B)(1)(A)(II).Accounting principles generally accepted in the United States of America require management to evaluate tax positions taken and recognize a tax liability (or asset) if the School has taken an uncertain position that more likely than not would not be sustained upon examination by taxing authorities. Management has analyzed the tax positions taken and has concluded that, as of June 30, 2022, there are no uncertain positions taken or expected to be taken that would require recognition or disclosure in the accompanying financial statements. Periods ending June 30, 2019 and subsequent remain subject to examination by the taxing authorities.

Raw XML AppendixShowing 400 of 1,143 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.

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IRS990/ActivityOrMissionDesc0Create world class competitive scholars who will LEARN today, LEAD tomorrow, and SERVE in the future.To graduate students with the content mastery and life skills needed to move into the top five percent of their middle and high school classes.To accomplish this, The Academy Charter School offers an exceptional interdisciplinary curriculum in a technology-rich environment that challenges students to explore connections across subjects and use experiential learning to bridge the gaps between theory and practice.Our Philosophy:Core Mastery, Character Development, and Community AwarenessOur school will improve student academic achievement by focusing on three important areas of our childrens growth that will enable them to be empowered adults: mastery of academic subjects, an intensive focus on character development, and fostering a lifelong behavior of giving back to their community.
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IRS990/Desc0REGULAR EDUCATIONACADEMIC PROGRAMS ELEMENTARY SCHOOL AND MIDDLE SCHOOL:The Academy Charter School has a rich, rigorous curriculum that provides students with the necessary skills and learning experiences needed for sustained academic achievement. The curriculum is responsible to the New York State Education Departments guidelines and is fully aligned with the national Common Core State Standards for English Language Arts and Literacy in History/Social Studies, Science, and Technical Subjects. These standards are K-12 and provide grade-level expectations for achievement. The CCSS are the culmination of an extended, broad-based effort to fulfill the charge issued by the states to create the next generation of K12 standards in order to help ensure that all students are college and career ready in literacy no later than the end of high school.The Common Core State Standards are:1. research and evidence based2. aligned with college and work expectations3. rigorous4. internationally benchmarked. A particular standard was included in the overall selection of Common Core State Standards only when the best available evidence indicated that its mastery was essential for college and career readiness in a twenty-first century, globally competitive society. The Standards are intended to be a living work: as new and better evidence emerges, the Standards will be revised accordingly.The Standards set requirements not only for English language arts (ELA) but also for literacy in history/social studies, science, and technical subjects. Just as students must learn to read, write, speak, listen, and use language effectively in a variety of content areas, so too must the Standards specify the literacy skills and understandings required for college and career readiness in multiple disciplines. Students who meet the Standards develop the skills in reading, writing, speaking, and listening that are the foundation for any creative and purposeful expression in language.
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IRS990/MissionDesc0Create world class competitive scholars who will LEARN today, LEAD tomorrow, and SERVE in the future.To graduate students with the content mastery and life skills needed to move into the top five percent of their middle and high school classes.To accomplish this, The Academy Charter School offers an exceptional interdisciplinary curriculum in a technology-rich environment that challenges students to explore connections across subjects and use experiential learning to bridge the gaps between theory and practice.Our Philosophy:Core Mastery, Character Development, and Community AwarenessOur school will improve student academic achievement by focusing on three important areas of our childrens growth that will enable them to be empowered adults: mastery of academic subjects, an intensive focus on character development, and fostering a lifelong behavior of giving back to their community.To graduate students with the content mastery and life skills needed to move into the top five percent of
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IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt0210000
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0210000
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt07826421
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt06949649
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt0148427
IRS990/OccupancyGrp/ProgramServicesAmt0489777
IRS990/OccupancyGrp/TotalAmt0638204
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X

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