Civic Intelligence

People'S Preparatory Charter School

990 • Fiscal year 2016 • EIN 80-0635404

Jul 01, 2015 to Jun 30, 2016 • Filed on May 12, 2017

Organization ProfileWWW.PEOPLESPREPNEWARK.ORG
321 BERGEN ST Room 2nd FLNewark, NJ 07102

(973) 622-1790

Siviq Scores

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

Liabilities / Assets

24th percentile

0.05x

Higher debt load relative to assets than 24% of similar nonprofits.

2016 filings • NTEE B • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

14th percentile

0.02x

Higher debt load relative to revenue than 14% of similar nonprofits.

2016 filings • NTEE B • $5M-$10M nonprofits • Source year 2016

Net Margin

69th percentile

9.7%

Higher net margin than 69% of similar nonprofits.

2016 filings • NTEE B • $5M-$10M nonprofits • Source year 2016

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.

2016 filings • NTEE B • $5M-$10M nonprofits • Source year 2016

Asset Growth

74th percentile

18%

Faster asset growth than 74% of similar nonprofits.

2016 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2014 to 2016

Revenue Growth

71st percentile

16%

Faster revenue growth than 71% of similar nonprofits.

2016 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2014 to 2016

Balance Sheet
Liabilities / Assets24th percentile

Assets

Up

$3,547,107

Up $1,010,614 (+40%) from 2014

Net Assets

Up

$3,370,850

Up $1,528,408 (+83%) from 2014

Liabilities

Down

$176,257

Down $517,794 (-75%) from 2014

Revenue And Expenses
Liabilities / Revenue14th percentileNet Margin69th percentile

Revenue

Up

$8,307,621

Up $2,092,873 (+34%) from 2014

Expenses

Up

$7,498,532

Up $2,102,371 (+39%) from 2014

Net Income

Down

$809,089

Down $9,498 (-1.2%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth74th percentile

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

$6.0M$4.0M$2.0M$0Assets 2012: $662,618Liabilities 2012: $381,269Net Assets 2012: $281,3492012Assets 2013: $1,588,725Liabilities 2013: $564,870Net Assets 2013: $1,023,8552013Assets 2014: $2,536,493Liabilities 2014: $694,051Net Assets 2014: $1,842,4422014Assets 2016: $3,547,107Liabilities 2016: $176,257Net Assets 2016: $3,370,8502016Assets 2017: $4,047,786Liabilities 2017: $449,967Net Assets 2017: $3,597,8192017Assets 2018: $3,953,453Liabilities 2018: $320,462Net Assets 2018: $3,632,9912018Assets 2019: $4,113,258Liabilities 2019: $233,555Net Assets 2019: $3,879,7032019Assets 2020: $5,032,769Liabilities 2020: $1,063,366Net Assets 2020: $3,969,4032020Assets 2021: $5,492,619Liabilities 2021: $88,776Net Assets 2021: $5,403,8432021Assets 2022: $5,690,659Liabilities 2022: $204,624Net Assets 2022: $5,486,0352022Assets 2023: $2,314,560Liabilities 2023: $778,285Net Assets 2023: $1,536,2752023Assets 2024: $5,768,694Liabilities 2024: $2,177,205Net Assets 2024: $3,591,4892024

Highlighted filing

2016

Assets$3,547,107
Liabilities$176,257
Net Assets$3,370,850
Open 2016 Filing

Operations Trend

Revenue Growth71st percentile

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

$30M$20M$10M$0-$10MExpenses 2012: $2,211,3452012Expenses 2013: $3,935,6502013Revenue 2014: $6,214,748Expenses 2014: $5,396,161Net Income 2014: $818,5872014Revenue 2016: $8,307,621Expenses 2016: $7,498,532Net Income 2016: $809,0892016Revenue 2017: $8,471,042Expenses 2017: $8,244,073Net Income 2017: $226,9692017Revenue 2018: $8,633,009Expenses 2018: $8,597,837Net Income 2018: $35,1722018Revenue 2019: $8,729,336Expenses 2019: $8,482,624Net Income 2019: $246,7122019Revenue 2020: $8,636,014Expenses 2020: $8,546,314Net Income 2020: $89,7002020Revenue 2021: $10,254,333Expenses 2021: $8,819,893Net Income 2021: $1,434,4402021Revenue 2022: $10,297,949Expenses 2022: $10,215,757Net Income 2022: $82,1922022Revenue 2023: $10,955,712Expenses 2023: $14,905,472Net Income 2023: -$3,949,7602023Revenue 2024: $23,832,615Expenses 2024: $20,241,126Net Income 2024: $3,591,4892024

Highlighted filing

2016

Revenue$8,307,621
Expenses$7,498,532
Net Income$809,089
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
May 12, 2017
Return Version
2015v3.0
Gross Receipts
$8,307,621
Mission and Program Overview

Mission

Our mission is to ensure that all of our students in grades 9 through 12 achieve academic excellence, continue to develop strong character and build a commitment to community advancement. Our core values of Intellect, Empathy and Action will be at the heart of students daily experiences so that they are successful at the college of their choice and in life.

Our mission is to ensure that all of our students in grades 9 through 12 achieve academic excellence, continue to develop strong character and build a commitment to community advancement.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$2,561,222$2,927,462▲ $366,240
Accounts Receivable$473,011$619,645▲ $146,634
Total Assets$3,034,233$3,547,107▲ $512,874
Liabilities
Accounts Payable and Accrued Expenses$470,970$122,579▼ $348,391
Deferred Revenue$1,502$53,678▲ $52,176
Total Liabilities$472,472$176,257▼ $296,215
Net Assets / Fund Balance
Unrestricted Net Assets$1,261,761$2,070,850▲ $809,089
Temporarily Rstr Net Assets$1,300,000$1,300,000→ $0
Total Net Assets Fund Balance$2,561,761$3,370,850▲ $809,089
Total Liabilities and Net Assets / Fund Balance$3,034,233$3,547,107▲ $512,874
Compensation and Service Providers
Top Officer Pay24th percentile

Board Members and Trustees

NameTitle
Adam GoldfarbPresident
Cameron WelchVice President
Chibunna ChimezieTrustee
Christopher PhillipsTrustee
Detravius BetheaTrustee
James HefflerTrustee
Mindy PropperTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$8,307,621
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$91,896
Change in Net Assets
$809,089

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,307,621
Total Revenue per Audited Statements
$8,307,621
Total Revenue per Form 990
$8,307,621
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,774,440
Other Expenses$1,724,092
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,771,412$904,847-$4,676,259
Other Employee Benefits$886,232$211,949-$1,098,181
Occupancy$188,441$45,067-$233,508
Insurance$79,690$19,059-$98,749
Other Expenses$97,614$50,401-$97,614
Total Functional Expenses$6,113,667$1,384,865$0$7,498,532

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$7,498,532
Total Expenses per Audited Statements$7,498,532
Total Expenses per Form 990$7,498,532
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
Yes
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
PEOPLE'S PREPARATORY CHARTER SCHOOL
EIN
80-0635404
Phone
9736221790
Address
321 BERGEN ST Room 2nd FL, NEWARK, NJ 07102

Signing Officer

Name
Micheal Falkowski
Title
Board Secretary
Signed
2017-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Falkowski
Formed
2011
Legal Domicile
Nj
Voting Board Members
7
Independent Board Members
7
Employees
75

Preparer

Firm
Scott J Loeffler CPA
Address
12 MERRY LANE, EAST HANOVER, NJ 07936
Preparer
Scott Loeffler CPA
Phone
9735854989
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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/SupplementalInformationDetail/ExplanationTxt0The school operates as a NJ Public School under the NJ Dept of Education. The School also receives Federal and NCLB funding to help promote their academics.
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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/StatesWhereCopyOfReturnIsFldCd0NJ
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt01300000
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt01300000
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt03034233
IRS990/TotalAssetsEOYAmt03547107
IRS990/TotalAssetsGrp/BOYAmt03034233
IRS990/TotalAssetsGrp/EOYAmt03547107
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt08307621
IRS990/TotalEmployeeCnt075
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01384865
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt06113667
IRS990/TotalFunctionalExpensesGrp/TotalAmt07498532
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0472472
IRS990/TotalLiabilitiesEOYAmt0176257
IRS990/TotalLiabilitiesGrp/BOYAmt0472472
IRS990/TotalLiabilitiesGrp/EOYAmt0176257
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02561761
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03370850
IRS990/TotalProgramServiceExpensesAmt06113667
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt08307621
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03034233
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03547107
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01261761
IRS990/UnrestrictedNetAssetsGrp/EOYAmt02070850
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0321 BERGEN ST
IRS990/USAddress/CityNm0NEWARK
IRS990/USAddress/StateAbbreviationCd0NJ
IRS990/USAddress/ZIPCd007102
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.PEOPLESPREPNEWARK.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHEAL FALKOWSKI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0BOARD SECRETARY
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-05-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PEOPLE'S PREPARATORY CHARTER SCHOOL
ReturnHeader/Filer/BusinessNameControlTxt0PEOP
ReturnHeader/Filer/EIN0800635404
ReturnHeader/Filer/PhoneNum09736221790
ReturnHeader/Filer/USAddress/AddressLine1Txt0321 BERGEN ST Room 2nd FL
ReturnHeader/Filer/USAddress/CityNm0NEWARK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NJ
ReturnHeader/Filer/USAddress/ZIPCd007102
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/PreparationDt02017-05-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SCOTT LOEFFLER CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02017-05-12T05:19:59-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,547,107
Liabilities
$176,257
Net assets
$3,370,850
Revenue
$8,307,621
Expenses
$7,498,532
Net income
$809,089
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.77$2.18$3.59$23.8$20.2$3.59
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.31$0.78$1.54$11.0$14.9$3.95
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.69$0.20$5.49$10.3$10.2$0.08
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.49$0.09$5.40$10.3$8.82$1.43
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.03$1.06$3.97$8.64$8.55$0.09
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.11$0.23$3.88$8.73$8.48$0.25
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.95$0.32$3.63$8.63$8.60$0.04
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.05$0.45$3.60$8.47$8.24$0.23
2016Detailed filing. Detailed filing data is available for this year.$3.55$0.18$3.37$8.31$7.50$0.81
2014Detailed filing. Detailed filing data is available for this year.$2.54$0.69$1.84$6.21$5.40$0.82
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.59$0.56$1.02$3.94
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.66$0.38$0.28$2.21