Civic Intelligence

Achieve Community Charter School

990 • Fiscal year 2019 • EIN 81-2357107

Jul 01, 2018 to Jun 30, 2019 • Filed on Jul 15, 2020

534 Clinton AvenueNewark, NJ 07108

(973) 556-7070

Siviq Scores

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

Liabilities / Assets

94th percentile

1.20x

Higher debt load relative to assets than 94% of similar nonprofits.

2019 filings • NTEE B • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

51st percentile

0.09x

Higher debt load relative to revenue than 51% of similar nonprofits.

2019 filings • NTEE B • $1M-$5M nonprofits • Source year 2019

Net Margin

27th percentile

-2.4%

Higher net margin than 27% of similar nonprofits.

2019 filings • NTEE B • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

48th percentile

$61,500

Higher top officer pay than 48% of similar nonprofits.

Top officer pay equals 1.5% of source-year revenue.

2019 filings • NTEE B • $1M-$5M nonprofits • Source year 2019

Asset Growth

98th percentile

427%

Faster asset growth than 98% of similar nonprofits.

2019 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

97th percentile

267%

Faster revenue growth than 97% of similar nonprofits.

2019 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Up

$286,167

Up $231,914 (+427%) from 2018

Net Assets

Down

-$56,600

Down $95,137 (-247%) from 2018

Liabilities

Up

$342,767

Up $327,051 (+2081%) from 2018

Revenue

Up

$3,972,228

Up $2,889,928 (+267%) from 2018

Expenses

Up

$4,067,365

Up $3,023,602 (+290%) from 2018

Net Income

Down

-$95,137

Down $133,674 (-347%) from 2018

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MAssets 2018: $54,253Liabilities 2018: $15,716Net Assets 2018: $38,5372018Assets 2019: $286,167Liabilities 2019: $342,767Net Assets 2019: -$56,6002019Assets 2020: $916,867Liabilities 2020: $869,898Net Assets 2020: $46,9692020Assets 2021: $1,391,958Liabilities 2021: $573,576Net Assets 2021: $818,3822021Assets 2022: $6,502,135Liabilities 2022: $4,658,637Net Assets 2022: $1,843,4982022Assets 2023: $5,653,046Liabilities 2023: $3,695,753Net Assets 2023: $1,957,2932023

Highlighted filing

2019

Assets$286,167
Liabilities$342,767
Net Assets-$56,600

Operations Trend

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

$15M$10M$5.0M$0-$5.0MRevenue 2018: $1,082,300Expenses 2018: $1,043,763Net Income 2018: $38,5372018Revenue 2019: $3,972,228Expenses 2019: $4,067,365Net Income 2019: -$95,1372019Revenue 2020: $5,514,955Expenses 2020: $5,471,385Net Income 2020: $43,5702020Revenue 2021: $5,846,858Expenses 2021: $5,078,088Net Income 2021: $768,7702021Revenue 2022: $10,802,841Expenses 2022: $9,656,416Net Income 2022: $1,146,4252022Revenue 2023: $10,763,927Expenses 2023: $10,650,132Net Income 2023: $113,7952023

Highlighted filing

2019

Revenue$3,972,228
Expenses$4,067,365
Net Income-$95,137
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jul 15, 2020
Return Version
2018v3.2
Gross Receipts
$3,972,228
Mission and Program Overview

Mission

Achieve community charter school builds innovations who graduate college ready to solve the world's next set of challenges.

Achieve community charter school builds innovations who graduate college ready to solve the world's

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$32,239$198,754▲ $166,515
Cash and Non-Interest-Bearing Accounts$22,014$55,488▲ $33,474
Total Assets$54,253$286,167▲ $231,914
Other Assets Total$0$31,925▲ $31,925
Liabilities
Accounts Payable and Accrued Expenses$15,716$293,921▲ $278,205
Other Liabilities$0$48,846▲ $48,846
Total Liabilities$15,716$342,767▲ $327,051
Net Assets / Fund Balance
Unrestricted Net Assets$38,537$-56,600▼ $95,137
Total Net Assets Fund Balance$38,537$-56,600▼ $95,137
Total Liabilities and Net Assets / Fund Balance$54,253$286,167▲ $231,914

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$31,925--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Christopher PerpichPrincipalFT$61,500$61,500

Board Members and Trustees

NameTitle
Nancy GottesmanBoard Chair
Sally BoothBoard Chair (beg. 02/21/19)
Ronald AugustinVice Chair
Carriean ZielinskiBoard Secretary/sba (beg. 07/01/19)
Dr Brian FalkowskiBoard Secretary/sba (until 06/30/19)
Charisse CarrionTrustee
Sonia Rodriguez-martoTrustee
Dominique LeeChief Executive Officer
Barbara NealTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$917,632
Program Service Revenue
$3,050,806
Investment Income
$0
Other Revenue
$3,790
Change in Net Assets
$-95,137

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,972,228
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$3,972,228
Total Revenue per Form 990
$3,972,228
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,596,971
Other Expenses$1,470,394
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,898,071$146,837-$2,044,908
Occupancy$521,986--$521,986
Other Employee Benefits$344,553--$344,553
Fees for Services Other$220,747$116,671-$337,418
Office Expenses$200,780$25,796-$226,576
Other Expenses$109,186$97,163-$109,186
Current Officers, Directors, Trustees, and Key Employees-$107,625-$107,625
Pension Plan Contributions$99,885--$99,885
Total Functional Expenses$3,573,273$494,092$0$4,067,365

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,067,365
Total Expenses per Audited Statements$4,067,365
Total Expenses per Form 990$4,067,365
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Intergovernmental Payable$48,846
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
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, Section B, Line 11B

The draft form 990 is initially reviewed by the chief executive officer. Once reviewed and comments addressed, a copy via e-mail is provided to the chair of the finance committee and board members for review and approval for filing.

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

The board members and key employees are required to complete an annual disclosure form indicating any conflict of interest or arrangements that could give rise to a conflict.

Form 990, Part VI, Section B, Line 15A

Compensation of accs ceo and key employees (principal, sba) are based on qualifications, salary information of the same position in the school or similar entities in the area. The board reviews and approves compensation information for key and all other employees of the charter school.

Form 990, Part VI, Section C, Line 19

The charter school makes its governing documents, conflict of interest policy, and financial statements available to the public upon written request to the school business office located at 534 clinton ave. Newark, nj 07108 or by calling (973)556-7070.

Filing and Contact Details

Filer

Filer Name
Achieve Community Charter School
EIN
81-2357107
Phone
9735567070
Address
534 CLINTON AVENUE, NEWARK, NJ 07108

Signing Officer

Name
Carrieann Zielinski
Title
School Business Administrator
Phone
9735567070
Signed
2020-07-15

Organization Details

Principal Officer
Carrieann Zielinski
Formed
2016
Legal Domicile
Nj
Voting Board Members
7
Independent Board Members
7
Employees
14
Volunteers
6

Preparer

Firm
Galleros Robinson Cpas Llp
Address
115 DAVIS STATION ROAD, CREAM RIDGE, NJ 08514
Preparer
Leonora Galleros
Phone
7329252608
Supplemental Narrative

Additional Explanations

Part XII, Line 2C

This process has not changed from prior year.

Financial Statement Notes

PART X, LINE 2:

The charter school's policy provides for liabilities for uncertain tax position when a liability is most likely and estimable. Management is not aware of any violation of its tax status as an exempt organization from income taxes nor of any exposure to unrelated business income tax. The charter school is no longer subject to audits by the applicable taxing jurisdictions for periods prior to june 30, 2016.

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IRS990ScheduleD/FootnoteTextInd0X
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IRS990ScheduleD/OtherAssetsOrgGrp/Desc0INTERFUND RECEIVABLES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt048846
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0INTERGOVERNMENTAL PAYABLE
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IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CHARTER SCHOOL'S POLICY PROVIDES FOR LIABILITIES FOR UNCERTAIN TAX POSITION WHEN A LIABILITY IS MOST LIKELY AND ESTIMABLE. MANAGEMENT IS NOT AWARE OF ANY VIOLATION OF ITS TAX STATUS AS AN EXEMPT ORGANIZATION FROM INCOME TAXES NOR OF ANY EXPOSURE TO UNRELATED BUSINESS INCOME TAX. THE CHARTER SCHOOL IS NO LONGER SUBJECT TO AUDITS BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO JUNE 30, 2016.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleE/ComplianceWithRevProc7550Ind00
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
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IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0ACCS IS A CHARTER SCHOOL AND THEREFORE NOT SUBJECT TO THE RACIAL NONDISCRIMINATION PROVISIONS OF REV. PROC. 75-50 1975-2 C.B. 587.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1ACCS IS A CHARTER SCHOOL IN THE STATE OF NEW JERSEY. AS A CHARTER SCHOOL, ITS OPERATING REVENU SOURCES INCLUDE STATE AID AND LOCAL LEVY BASED ON ENROLLMENT, FEDERAL AWARDS AND STATE FINANCIAL ASSISTANCE. LINE 7 - EXPLANATION OF RACIAL NONDISCRIMINATION COMLIANCE: ACCS IS A CHARTER SCHOOL AND THEREFORE NOT SUBJECT TO THE RACIAL NONDISCRIMINATION PROVISIONS OF REV. PROC. 75-50 1975-2 C.B. 587.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1LINE 6 - EXPLANATION OF GOVERNMENT FINANCIAL AID:
IRS990/ScheduleJRequiredInd00
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE DRAFT FORM 990 IS INITIALLY REVIEWED BY THE CHIEF EXECUTIVE OFFICER. ONCE REVIEWED AND COMMENTS ADDRESSED, A COPY VIA E-MAIL IS PROVIDED TO THE CHAIR OF THE FINANCE COMMITTEE AND BOARD MEMBERS FOR REVIEW AND APPROVAL FOR FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD MEMBERS AND KEY EMPLOYEES ARE REQUIRED TO COMPLETE AN ANNUAL DISCLOSURE FORM INDICATING ANY CONFLICT OF INTEREST OR ARRANGEMENTS THAT COULD GIVE RISE TO A CONFLICT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPENSATION OF ACCS CEO AND KEY EMPLOYEES (PRINCIPAL, SBA) ARE BASED ON QUALIFICATIONS, SALARY INFORMATION OF THE SAME POSITION IN THE SCHOOL OR SIMILAR ENTITIES IN THE AREA. THE BOARD REVIEWS AND APPROVES COMPENSATION INFORMATION FOR KEY AND ALL OTHER EMPLOYEES OF THE CHARTER SCHOOL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CHARTER SCHOOL MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST TO THE SCHOOL BUSINESS OFFICE LOCATED AT 534 CLINTON AVE. NEWARK, NJ 07108 OR BY CALLING (973)556-7070.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THIS PROCESS HAS NOT CHANGED FROM PRIOR YEAR.
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 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4PART XII, LINE 2C
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IRS990/WebsiteAddressTxt0WWW.ACHIEVECCS.ORG
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ReturnHeader/BuildTS02020-09-22 18:59:49Z
ReturnHeader/BusinessOfficerGrp/PersonNm0CARRIEANN ZIELINSKI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SCHOOL BUSINESS ADMINISTRATOR
ReturnHeader/BusinessOfficerGrp/PhoneNum09735567070
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-07-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ACHIEVE COMMUNITY CHARTER SCHOOL
ReturnHeader/Filer/BusinessNameControlTxt0ACHI
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ReturnHeader/Filer/USAddress/AddressLine1Txt0534 CLINTON AVENUE
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ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt098.110.17.47
ReturnHeader/FilingSecurityInformation/IPDt02020-07-15
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm019:11:17
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0273263553
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GALLEROS ROBINSON CPAS LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0115 DAVIS STATION ROAD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CREAM RIDGE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd008514
ReturnHeader/PreparerPersonGrp/PhoneNum07329252608

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