Civic Intelligence

People'S Preparatory Charter School

990 • Fiscal year 2018 • EIN 80-0635404

Jul 01, 2017 to Jun 30, 2018 • Filed on May 13, 2019

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

27th percentile

0.08x

Higher debt load relative to assets than 27% of similar nonprofits.

2018 filings • NTEE B • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

19th percentile

0.04x

Higher debt load relative to revenue than 19% of similar nonprofits.

2018 filings • NTEE B • $5M-$10M nonprofits • Source year 2018

Net Margin

36th percentile

0.4%

Higher net margin than 36% of similar nonprofits.

2018 filings • NTEE B • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

22nd percentile

$0

Higher top officer pay than 22% of similar nonprofits.

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

2018 filings • NTEE B • $5M-$10M nonprofits • Source year 2018

Asset Growth

26th percentile

-2.3%

Faster asset growth than 26% of similar nonprofits.

2018 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

37th percentile

1.9%

Faster revenue growth than 37% of similar nonprofits.

2018 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2017 to 2018

Assets

Down

$3,953,453

Down $94,333 (-2.3%) from 2017

Net Assets

Up

$3,632,991

Up $35,172 (+1.0%) from 2017

Liabilities

Down

$320,462

Down $129,505 (-29%) from 2017

Revenue

Up

$8,633,009

Up $161,967 (+1.9%) from 2017

Expenses

Up

$8,597,837

Up $353,764 (+4.3%) from 2017

Net Income

Down

$35,172

Down $191,797 (-85%) from 2017

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$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

2018

Assets$3,953,453
Liabilities$320,462
Net Assets$3,632,991

Operations Trend

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

2018

Revenue$8,633,009
Expenses$8,597,837
Net Income$35,172
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 13, 2019
Return Version
2017v2.3
Gross Receipts
$8,633,009
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$3,368,375$3,205,667▼ $162,708
Accounts Receivable$679,411$738,291▲ $58,880
Total Assets$4,047,786$3,953,453▼ $94,333
Other Assets Total-$9,495-
Liabilities
Accounts Payable and Accrued Expenses$383,648$262,404▼ $121,244
Deferred Revenue$66,319$58,058▼ $8,261
Total Liabilities$449,967$320,462▼ $129,505
Net Assets / Fund Balance
Unrestricted Net Assets$2,297,819$2,332,991▲ $35,172
Temporarily Rstr Net Assets$1,300,000$1,300,000→ $0
Total Net Assets Fund Balance$3,597,819$3,632,991▲ $35,172
Total Liabilities and Net Assets / Fund Balance$4,047,786$3,953,453▼ $94,333
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$8,633,009
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$53,915
Change in Net Assets
$35,172

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,633,009
Total Revenue per Audited Statements
$8,633,009
Total Revenue per Form 990
$8,633,009
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$6,588,867
Other Expenses$2,008,970
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,139,460$989,982-$5,129,442
Other Employee Benefits$1,196,729$262,696-$1,459,425
Occupancy$236,963$56,672-$293,635
Other Expenses$108,117$58,950-$108,117
Insurance$65,440$15,651-$81,091
All Other Expenses$65,896--$65,896
Total Functional Expenses$7,126,278$1,471,559$0$8,597,837

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$8,597,837
Total Expenses per Audited Statements$8,597,837
Total Expenses per Form 990$8,597,837
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
Michael Falkowski
Title
Board Secretary
Signed
2019-05-13
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
135

Preparer

Firm
Scott J Loeffler CPA
Address
12 MERRY LANE, EAST HANOVER, NJ 07936
Preparer
Scott J Loeffler
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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IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE PRESIDENT
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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/TotalAssetsBOYAmt04047786
IRS990/TotalAssetsEOYAmt03953453
IRS990/TotalAssetsGrp/BOYAmt04047786
IRS990/TotalAssetsGrp/EOYAmt03953453
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt08633009
IRS990/TotalEmployeeCnt0135
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01471559
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt07126278
IRS990/TotalFunctionalExpensesGrp/TotalAmt08597837
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0449967
IRS990/TotalLiabilitiesEOYAmt0320462
IRS990/TotalLiabilitiesGrp/BOYAmt0449967
IRS990/TotalLiabilitiesGrp/EOYAmt0320462
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03597819
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03632991
IRS990/TotalProgramServiceExpensesAmt07126278
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt08633009
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04047786
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03953453
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt02297819
IRS990/UnrestrictedNetAssetsGrp/EOYAmt02332991
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/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL FALKOWSKI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0BOARD SECRETARY
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-05-13
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/FilingSecurityInformation/AtSubmissionCreationDeviceId0C8D20F9CE8323D3D4710397085580305B5107F48
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId04CCBCAD28F7F18EDEE5A32399721C03ACA822A34
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt071.172.0.252
ReturnHeader/FilingSecurityInformation/IPDt02019-05-14
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm014:29:58
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/PreparationDt02019-05-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SCOTT J LOEFFLER
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02019-05-13T05:20:58-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-07-01
ReturnHeader/TaxPeriodEndDt02018-06-30
ReturnHeader/TaxYr02017

Document Assets

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Filings

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
2018Detailed filing. Detailed filing data is available for this year.$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
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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