Civic Intelligence

North Star Academy Foundation Inc.

990 • Fiscal year 2022 • EIN 81-1625366

Jul 01, 2021 to Jun 30, 2022 • Filed on Mar 17, 2023

Organization ProfileWWW.UNCOMMONSCHOOLS.ORG
55 Broad Street 3rd FloorNew York, NY 10004

(646) 774-2150

Siviq Scores

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

Liabilities / Assets

99th percentile

1.04x

Higher debt load relative to assets than 99% of similar nonprofits.

2022 filings • NTEE B • $100M-$250M nonprofits • Source year 2022

Liabilities / Revenue

98th percentile

15.63x

Higher debt load relative to revenue than 98% of similar nonprofits.

2022 filings • NTEE B • $100M-$250M nonprofits • Source year 2022

Net Margin

6th percentile

-15%

Higher net margin than 6% of similar nonprofits.

2022 filings • NTEE B • $100M-$250M nonprofits • Source year 2022

Top Officer Pay

44th percentile

$378,123

Higher top officer pay than 44% of similar nonprofits.

Top officer pay equals 3.3% of source-year revenue.

2022 filings • NTEE B • $100M-$250M nonprofits • Source year 2022

Asset Growth

59th percentile

0.3%

Faster asset growth than 59% of similar nonprofits.

2022 filings • NTEE B • $100M-$250M nonprofits • Annualized from 2021 to 2022

Revenue Growth

55th percentile

7.0%

Faster revenue growth than 55% of similar nonprofits.

2022 filings • NTEE B • $100M-$250M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets99th percentile

Assets

Up

$174,771,536

Up $570,252 (+0.3%) from 2021

Net Assets

Down

-$6,438,570

Down $1,776,796 (-38%) from 2021

Liabilities

Up

$181,210,106

Up $2,347,048 (+1.3%) from 2021

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin6th percentile

Revenue

Up

$11,591,147

Up $758,303 (+7.0%) from 2021

Expenses

Up

$13,367,943

Up $832,961 (+6.6%) from 2021

Net Income

Down

-$1,776,796

Down $74,658 (-4.4%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth59th percentile

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

$200M$100M$0-$100MAssets 2016: $124,065,275Liabilities 2016: $112,388,826Net Assets 2016: $11,676,4492016Assets 2017: $141,791,169Liabilities 2017: $131,717,748Net Assets 2017: $10,073,4212017Assets 2018: $194,522,738Liabilities 2018: $194,389,353Net Assets 2018: $133,3852018Assets 2019: $185,028,576Liabilities 2019: $186,625,870Net Assets 2019: -$1,597,2942019Assets 2020: $177,913,521Liabilities 2020: $180,873,157Net Assets 2020: -$2,959,6362020Assets 2021: $174,201,284Liabilities 2021: $178,863,058Net Assets 2021: -$4,661,7742021Assets 2022: $174,771,536Liabilities 2022: $181,210,106Net Assets 2022: -$6,438,5702022Assets 2023: $171,675,890Liabilities 2023: $177,752,234Net Assets 2023: -$6,076,3442023Assets 2024: $167,952,135Liabilities 2024: $173,855,592Net Assets 2024: -$5,903,4572024

Highlighted filing

2022

Assets$174,771,536
Liabilities$181,210,106
Net Assets-$6,438,570
Open 2022 Filing

Operations Trend

Revenue Growth55th percentile

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

$20M$10M$0-$10MRevenue 2016: $5,874,473Expenses 2016: $141,993Net Income 2016: $5,732,4802016Revenue 2017: $5,640,660Expenses 2017: $9,047,585Net Income 2017: -$3,406,9252017Revenue 2018: $5,875,026Expenses 2018: $15,815,062Net Income 2018: -$9,940,0362018Revenue 2019: $10,424,462Expenses 2019: $12,155,141Net Income 2019: -$1,730,6792019Revenue 2020: $11,304,915Expenses 2020: $12,667,257Net Income 2020: -$1,362,3422020Revenue 2021: $10,832,844Expenses 2021: $12,534,982Net Income 2021: -$1,702,1382021Revenue 2022: $11,591,147Expenses 2022: $13,367,943Net Income 2022: -$1,776,7962022Revenue 2023: $12,692,468Expenses 2023: $12,330,242Net Income 2023: $362,2262023Revenue 2024: $13,576,488Expenses 2024: $13,403,601Net Income 2024: $172,8872024

Highlighted filing

2022

Revenue$11,591,147
Expenses$13,367,943
Net Income-$1,776,796
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Mar 17, 2023
Return Version
2021v4.2
Gross Receipts
$11,591,147
Mission and Program Overview

Mission

Nsa foundation was formed to support north star academy charter school of newark, both operationally and in connection with the acquisition and development of facilities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$159,186,628$154,647,016▼ $4,539,612
Cash and Non-Interest-Bearing Accounts$4,745,369$8,606,181▲ $3,860,812
Accounts Receivable$718,735$810,333▲ $91,598
Prepaid Expenses and Deferred Charges$36,370$36,370→ $0
Total Assets$174,201,284$174,771,536▲ $570,252
Other Assets Total$9,514,182$10,671,636▲ $1,157,454
Liabilities
Other Liabilities$68,859,584$75,217,294▲ $6,357,710
Tax Exempt Bond Liabilities$56,338,079$54,974,178▼ $1,363,901
Mortgage Notes Payable Secured by Investment Property$52,223,138$46,344,251▼ $5,878,887
Deferred Revenue-$2,719,105-
Accounts Payable and Accrued Expenses$1,442,257$1,955,278▲ $513,021
Total Liabilities$178,863,058$181,210,106▲ $2,347,048
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-4,661,774$-6,438,570▼ $1,776,796
Total Net Assets Fund Balance$-4,661,774$-6,438,570▼ $1,776,796
Total Liabilities and Net Assets / Fund Balance$174,201,284$174,771,536▲ $570,252

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$79,064,948$15,597,391$94,662,339
Buildings$64,136,320$12,652,374$76,788,694
Land$10,099,957-$10,099,957
Equipment$1,345,791$265,488$1,611,279
Other Assets Org$4,419,590--
Compensation and Service Providers
Top Officer Pay44th percentile

Board Members and Trustees

NameTitle
Brooke ReidDirector
Norman AtkinsDirector
Ravi BellurDirector
Brett PeiserDirector / CEO
Revenue and Support

Revenue Composition

Contributions and Grants
$1,055,000
Program Service Revenue
$10,535,299
Investment Income
$848
Other Revenue
$0
Change in Net Assets
$-1,776,796
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$12,312,943
Grants and Similar Amounts Paid$1,055,000
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$6,340,152--$6,340,152
Depreciation Depletion$4,673,539--$4,673,539
Grants to Domestic Orgs$1,055,000--$1,055,000
Fees for Services Management$927,576--$927,576
Fees for Services Other$371,676--$371,676
Total Functional Expenses$13,367,943$0$0$13,367,943
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
North Star AcademyNew York, NYGovernment EntityWorking Capital Grant$1,055,000
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
Notes Payable to Related Parties$68,899,991
Financing Lease Obligation$4,415,492
Due to Related Parties$1,826,771
Construction Advances$75,040

Bond Issues

BondIssuerIssuedIssue PricePurpose
BEssex County Improvement Authority2020-10-29$31,146,334Financing the construction of real property
ANew Jersey Economic Development Authority2017-10-25$26,376,594Financing the construction of real property

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
B$31,146,334--$295,950
A$26,376,594-$1,200,000$526,813

Bond Financing Compliance

No rebate due
No
Rebate not yet due
Yes
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
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
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 7A

“Two of the independent trustees of north star academy foundation are appointed by the board of trustees of uncommon schools, inc. In addition, as vacancies arise on the north star academy foundation board, the board of trustees of uncommon schools, inc. Has the right to appoint two of the independent trustees.”

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

“The federal form 990 was provided to the board of directors of north star academy foundation, inc. For review by its members prior to filing with the internal revenue service.”

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

“The organization regularly monitors and enforces compliance with its conflict of interest policy. Annually all members of the board of directors, officers, key employees and senior management personnel complete a conflict of interest questionnaire. The completed questionnaires are returned to the organization's chief financial officer for review. Thereafter, if any conflicts are identified, the chief financial officer prepares a summary of the completed questionnaires for review with the board of directors. When necessary, procedures are created for addressing any identified conflicts of interest.”

Form 990, Part VI, Section C, Line 19

“North star academy foundation, inc's governing documents, conflict of interest policy and consolidated financial statements are available to the public.”

Filing and Contact Details

Filer

Filer Name
North Star Academy Foundation Inc
EIN
81-1625366
Phone
6467742150
Address
55 BROAD STREET 3RD FLOOR, NEW YORK, NY 10004

Signing Officer

Name
Brett Peiser
Title
CEO
Phone
6467742150
Signed
2023-03-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brett Peiser
Formed
2016
Legal Domicile
Nj
Voting Board Members
4
Independent Board Members
3
Employees
0
Volunteers
3

Preparer

Firm
Aafcpas Inc
Address
50 WASHINGTON STREET, WESTBOROUGH, MA 01581
Preparer
John Buckley CPA
Phone
5083669100
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The organization did not change the oversight process during the tax year.”

Financial Statement Notes

PART X, LINE 2:

“The organization accounts for the uncertainty in income taxes in accordance with asc topic, income taxes. This standard clarifies the accounting for uncertainty in tax positions and prescribes a recognition threshold and measurement attribute for the consolidated financial statements regarding a tax position taken or expected to be taken in a tax return. The organization has determined that there are no uncertain tax positions which qualify for either recognition or disclosure in the consolidated financial statements at june 30, 2022.”

Raw XML AppendixShowing 400 of 713 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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IRS990ScheduleD/BuildingsGrp/DepreciationAmt012652374
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt076788694
IRS990ScheduleD/EquipmentGrp/BookValueAmt01345791
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0265488
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01611279
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt010099957
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt010099957
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt079064948
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt015597391
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt094662339
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt06252046
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt14419590
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RESTRICTED DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RIGHT USE OF ASSET - FINANCING LEASE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04415492
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11826771
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt268899991
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt375040
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0FINANCING LEASE OBLIGATION
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO RELATED PARTIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2NOTES PAYABLE TO RELATED PARTIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3CONSTRUCTION ADVANCES
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION ACCOUNTS FOR THE UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ASC TOPIC, INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE CONSOLIDATED FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE ORGANIZATION HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS AT JUNE 30, 2022.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0154647016
IRS990ScheduleD/TotalBookValueOtherAssetsAmt010671636
IRS990ScheduleD/TotalLiabilityAmt075217294
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt01055000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0GOVERNMENT ENTITY
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0WORKING CAPITAL GRANT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0NORTH STAR ACADEMY
IRS990ScheduleI/RecipientTable/RecipientEIN0134290294
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt055 BROAD STREET 3RD FLOOR
IRS990ScheduleI/RecipientTable/USAddress/CityNm0NEW YORK
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NY
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd010004
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0NORTH STAR ACADEMY FOUNDATION PROVIDES GRANTS TO UNCOMMON SCHOOLS, INC. TO THE EXTENT THAT THEY HAVE LIQUIDITY. UNCOMMON SCHOOLS, INC. SERVES AS THE MANAGEMENT COMPANY FOR VARIOUS PARTIES THAT WILL BE THE ULTIMATE BENEFICIARY OF THESE GRANT FUNDS. THE USE OF THESE GRANT FUNDS IS MONITORED BY UNCOMMON SCHOOLS, INC.'S FINANCE PERSONNEL AS THEY MANAGE THE ACCOUNTING RECORDS OF THE PARTIES THAT RECEIVE THE GRANT FUNDS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt01000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0353168
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt03500
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt020455
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0BRETT PEISER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0DIRECTOR / CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0378123
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0ONE OF NORTH STAR ACADEMY FOUNDATION, INC.'S DIRECTORS AND/OR OFFICERS IS AN EMPLOYEE OF UNCOMMON SCHOOLS, INC (SEE SCHEDULE R). THIS INDIVIDUAL IS COMPENSATED ONLY FOR THEIR EMPLOYMENT SERVICES TO UNCOMMON SCHOOLS, INC. THE COMPENSATION IS PAID ONLY BY UNCOMMON SCHOOLS, INC. UNCOMMON SCHOOLS INC.'S BOARD OF DIRECTORS HAS A COMPENSATION COMMITTEE. THE COMPENSATION COMMITTEE COMPLETES A COMPARATIVE ANALYSIS OF SIMILAR ORGANIZATIONS WHICH IT USES AS GUIDANCE WHEN IT REVIEWS AND APPROVES THE COMPENSATION AND BENEFITS OF SENIOR MANAGEMENT. THE COMPENSATION COMMITTEE REVIEWS THE "TOTAL COMPENSATION" OF THE INDIVIDUAL WHICH INCLUDES BOTH CURRENT AND DEFFERRED COMPENSATION AND ALL EMPLOYEE BENEFITS, BOTH QUALIFIED AND UNQUALIFIED. THE COMPENSATION COMMITTEE'S REVIEW IS COMPLETED ON A REGULAR BASIS AND ENSURES THAT THE "TOTAL COMPENSATION" OF SENIOR MANAGEMENT IS REASONABLE. THE ACTIONS TAKEN BY THE COMPENSATION COMMITTEE ENABLE UNCOMMON SCHOOLS, INC. TO RECEIVE THE REBUTTABLE PRESUMPTION OF REASONABLENESS FOR PURPOSES OF INTERNAL REVENUE CODE 4958 WITH RESPECT TO THE TOTAL COMPENSATION OF CERTAIN MEMBERS OF THE SENIOR MANAGEMENT TEAM. THE THREE FACTORS WHICH MUST BE SATISFIED IN ORDER TO RECEIVE THE REBUTTABLE PRESUMPTION OF REASONABLENESS ARE THE FOLLOWING: 1. THE COMPENSATION ARRANGEMENT IS APPROVED IN ADVANCE BY AN "AUTHORIZED BODY" OF THE APPLICABLE TAX-EXEMPT ORGANIZATION WHICH IS COMPOSED ENTIRELY OF INDIVIDUALS WHO DO NOT HAVE A "CONFLICT OF INTEREST" WITH RESPECT TO THE COMPENSATION ARRANGEMENT. 2. THE "AUTHORIZED BODY" OBTAINED AND RELIED UPON "APPROPRIATE DATA AS TO COMPARABILITY" PRIOR TO MAKING ITS DETERMINATION; AND 3. THE "AUTHORIZED BODY" "ADEQUATELY DOCUMENTED THE BASIS FOR ITS DETERMINATION" CONCURRENTLY WITH MAKING THAT DETERMINATION. THE COMPENSATION COMMITTEE IS COMPRISED OF MEMBER OF THE BOARD OF TRUSTEES/DIRECTORS OF UNCOMMON SCHOOLS, INC. EACH OF WHOM ARE INDEPENDENT AND ARE FREE FROM ANY CONFLICTS OF INTEREST. THE COMPENSATION COMMITTEE ADEQUATELY DOCUMENTED ITS BASIS FOR ITS DETERMINATION THROUGH THE TIMELY PREPARATION OF WRITTEN MINUTES OF THE COMPENSATION COMMITTEE'S MEETINGS WHICH THE EXECUTIVES' COMPENSATION AND BENEFITS WERE REVIEWED AND SUBSEQUENTLY APPROVED. THE ACTIONS OUTLINED ABOVE WITH RESPECT TO THE COMPENSATION COMMITTEE AND THE ESTABLISHMENT OF THE REBUTTABLE PRESUMPTION OF REASONABLENESS ONLY APPLIES TO CERTAIN SENIOR MANAGEMENT PERSONNEL OF UNCOMMON SCHOOLS, INC.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 3
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd0A
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd1B
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd01
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd11
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd1B
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd01
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd11
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd01
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd11
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02017-10-25
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt12020-10-29
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN0222045817
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN1222023989
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd1B
IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum064577BL77
IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum129681CAM0
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd10
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt026376594
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt131146334
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt1ESSEX COUNTY IMPROVEMENT AUTHORITY
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd01
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd11
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd10
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0FINANCING THE CONSTRUCTION OF REAL PROPERTY
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc1FINANCING THE CONSTRUCTION OF REAL PROPERTY
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd10
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd10
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondIssMeetPrvtSecPymtTestInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondIssMeetPrvtSecPymtTestInd10
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondReferenceCd1B
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ChangeInUseBondFinancedPropInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ChangeInUseBondFinancedPropInd10
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd10
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd10
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ProcsNonqualifiedBondRemdtdInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ProcsNonqualifiedBondRemdtdInd10
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd11
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd1B
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalExpendituresAmt022292341
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalExpendituresAmt130093784
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalizedInterestAmt0938650
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd11
IRS990ScheduleK/TaxExemptBondsProceedsGrp/InReserveFundAmt02618790
IRS990ScheduleK/TaxExemptBondsProceedsGrp/InReserveFundAmt1756600
IRS990ScheduleK/TaxExemptBondsProceedsGrp/IssuanceCostsFromProceedsAmt0526813
IRS990ScheduleK/TaxExemptBondsProceedsGrp/IssuanceCostsFromProceedsAmt1295950
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxableBondsInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxableBondsInd10
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxExemptBondsInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxExemptBondsInd10
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RetiredAmt01200000
IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt026376594
IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt131146334
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TWO OF THE INDEPENDENT TRUSTEES OF NORTH STAR ACADEMY FOUNDATION ARE APPOINTED BY THE BOARD OF TRUSTEES OF UNCOMMON SCHOOLS, INC. IN ADDITION, AS VACANCIES ARISE ON THE NORTH STAR ACADEMY FOUNDATION BOARD, THE BOARD OF TRUSTEES OF UNCOMMON SCHOOLS, INC. HAS THE RIGHT TO APPOINT TWO OF THE INDEPENDENT TRUSTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FEDERAL FORM 990 WAS PROVIDED TO THE BOARD OF DIRECTORS OF NORTH STAR ACADEMY FOUNDATION, INC. FOR REVIEW BY ITS MEMBERS PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION REGULARLY MONITORS AND ENFORCES COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY. ANNUALLY ALL MEMBERS OF THE BOARD OF DIRECTORS, OFFICERS, KEY EMPLOYEES AND SENIOR MANAGEMENT PERSONNEL COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE. THE COMPLETED QUESTIONNAIRES ARE RETURNED TO THE ORGANIZATION'S CHIEF FINANCIAL OFFICER FOR REVIEW. THEREAFTER, IF ANY CONFLICTS ARE IDENTIFIED, THE CHIEF FINANCIAL OFFICER PREPARES A SUMMARY OF THE COMPLETED QUESTIONNAIRES FOR REVIEW WITH THE BOARD OF DIRECTORS. WHEN NECESSARY, PROCEDURES ARE CREATED FOR ADDRESSING ANY IDENTIFIED CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NORTH STAR ACADEMY FOUNDATION, INC'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND CONSOLIDATED FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION DID NOT CHANGE THE OVERSIGHT PROCESS DURING THE TAX YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 7A

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$174,771,536
Liabilities
$181,210,106
Net assets
-$6,438,570
Revenue
$11,591,147
Expenses
$13,367,943
Net income
-$1,776,796
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$168$174$5.90$13.6$13.4$0.17
2023Detailed filing. Detailed filing data is available for this year.$172$178$6.08$12.7$12.3$0.36
2022Detailed filing. Detailed filing data is available for this year.$175$181$6.44$11.6$13.4$1.78
2021Detailed filing. Detailed filing data is available for this year.$174$179$4.66$10.8$12.5$1.70
2020Detailed filing. Detailed filing data is available for this year.$178$181$2.96$11.3$12.7$1.36
2019Detailed filing. Detailed filing data is available for this year.$185$187$1.60$10.4$12.2$1.73
2018Detailed filing. Detailed filing data is available for this year.$195$194$0.13$5.88$15.8$9.94
2017Detailed filing. Detailed filing data is available for this year.$142$132$10.1$5.64$9.05$3.41
2016Detailed filing. Detailed filing data is available for this year.$124$112$11.7$5.87$0.14$5.73
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2022 filings • NTEE B90 • $100M-$250M nonprofits