Civic Intelligence

Charette Charter School

990 • Fiscal year 2023 • EIN 82-4296249

Jul 01, 2022 to Jun 30, 2023 • Filed on Nov 09, 2023

335 Westminster StreetProvidence, RI 02903

(401) 270-1183

Siviq Scores

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

Liabilities / Assets

85th percentile

0.64x

Higher debt load relative to assets than 85% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

83rd percentile

0.99x

Higher debt load relative to revenue than 83% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Net Margin

78th percentile

23%

Higher net margin than 78% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Top Officer Pay

66th percentile

$165,624

Higher top officer pay than 66% of similar nonprofits.

Top officer pay equals 3.6% of source-year revenue.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Asset Growth

98th percentile

251%

Faster asset growth than 98% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

70th percentile

20%

Faster revenue growth than 70% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Assets

Flat

$7,144,375

Flat from 2023

Net Assets

Flat

$2,559,172

Flat from 2023

Liabilities

Flat

$4,585,203

Flat from 2023

Revenue

Flat

$4,643,228

Flat from 2023

Expenses

Flat

$3,556,398

Flat from 2023

Net Income

Flat

$1,086,830

Flat from 2023

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$0Assets 2019: $501,133Liabilities 2019: $103,968Net Assets 2019: $397,1652019Assets 2020: $704,928Liabilities 2020: $216,762Net Assets 2020: $488,1662020Assets 2021: $1,339,572Liabilities 2021: $188,863Net Assets 2021: $1,150,7092021Assets 2022: $2,037,348Liabilities 2022: $316,226Net Assets 2022: $1,721,1222022Assets 2023: $7,144,375Liabilities 2023: $4,585,203Net Assets 2023: $2,559,1722023Assets 2023: $7,144,375Liabilities 2023: $4,585,203Net Assets 2023: $2,559,1722023Assets 2025: $7,139,926Liabilities 2025: $3,733,636Net Assets 2025: $3,406,2902025

Highlighted filing

2023

Assets$7,144,375
Liabilities$4,585,203
Net Assets$2,559,172

Operations Trend

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

$6.0M$4.0M$2.0M$0Revenue 2019: $1,751,385Expenses 2019: $1,353,264Net Income 2019: $398,1212019Revenue 2020: $2,278,169Expenses 2020: $2,187,258Net Income 2020: $90,9112020Revenue 2021: $3,408,211Expenses 2021: $2,745,668Net Income 2021: $662,5432021Revenue 2022: $3,877,393Expenses 2022: $3,306,980Net Income 2022: $570,4132022Revenue 2023: $4,643,228Expenses 2023: $3,556,398Net Income 2023: $1,086,8302023Revenue 2023: $4,643,228Expenses 2023: $3,556,398Net Income 2023: $1,086,8302023Revenue 2025: $4,050,121Expenses 2025: $3,644,240Net Income 2025: $405,8812025

Highlighted filing

2023

Revenue$4,643,228
Expenses$3,556,398
Net Income$1,086,830
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Nov 9, 2023
Return Version
2022v5.0
Gross Receipts
$4,643,228
Mission and Program Overview

Mission

The schools mission is to inspire students to become practitioners of city planning as a life long civic engagement strategy

The school's mission is to inspire students to become practitioners of city planning as a life long civic engagement strategy.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$639,830$1,048,062▲ $408,232
Cash and Non-Interest-Bearing Accounts$506,592$909,712▲ $403,120
Accounts Receivable$355,493$640,170▲ $284,677
Savings and Temporary Cash Investments$500,974$613,608▲ $112,634
Prepaid Expenses and Deferred Charges$32,493$7,710▼ $24,783
Total Assets$2,037,348$7,144,375▲ $5,107,027
Other Assets Total$1,966$3,925,113▲ $3,923,147
Liabilities
Other Liabilities-$4,271,308-
Accounts Payable and Accrued Expenses$316,226$313,895▼ $2,331
Total Liabilities$316,226$4,585,203▲ $4,268,977
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,721,122$2,559,172▲ $838,050
Total Net Assets Fund Balance$1,721,122$2,559,172▲ $838,050
Total Liabilities and Net Assets / Fund Balance$2,037,348$7,144,375▲ $5,107,027

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$1,001,921$133,754$1,135,675
Equipment$46,141$138,841$184,982
Other Assets Org$3,925,113--
Compensation and Service Providers

Employees

NameTitleBaseOtherTotal
Kathleen VespiaExecutive Di$158,340$7,284$165,624
Kathleen VespiaExecutive Director$158,340$7,284$165,624

Board Members and Trustees

NameTitle
Dr Richard SolomonChairman
Frank ProsnitzVice-chairma
Anika ClementTrustee
Marijoan BullTrustee
Roxanne DebrittoTrustee
Sandra CastroTrustee
Lisa ScorpioSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$1,693,720
Program Service Revenue
$2,938,312
Investment Income
$11,196
Other Revenue
$0
All Other Contributions
$100
Change in Net Assets
$1,086,830

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,643,228
Total Revenue per Audited Statements
$4,643,228
Total Revenue per Form 990
$4,643,228
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,049,734
Other Expenses$1,506,664
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,293,449$323,482-$1,616,931
Occupancy$584,834$50,855-$635,689
Other Employee Benefits$222,658$86,110-$308,768
All Other Expenses$141,564$19,256-$160,820
Payroll Taxes$100,210$23,825-$124,035
Fees for Services Other$88,138$11,121-$99,259
Depreciation Depletion$83,970$7,301-$91,271
Conferences and Meetings$89,769$46-$89,815
Fees for Services Accounting-$85,200-$85,200
Other Expenses$40,631$24,552-$65,183
Insurance$20,047$1,743-$21,790
Fees for Services Legal-$13,997-$13,997
Fees for Service Investment Mgmnt Fees-$9,567-$9,567
Office Expenses$1,160$239-$1,399
Advertising$147$13-$160
Total Functional Expenses$2,894,080$662,318$0$3,556,398

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,805,178
Expenses per Audited Statements$3,556,398
Total Expenses per Form 990$3,556,398
Expenses Not Reported on Form 990$248,780
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
Lease Liability$4,271,213
Other Liabilities$95
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

The management company was dittmar mcneil & varone cpa's inc. Who provided accounting, payroll, assistance with budget preparation and other required financial reporting for the organization.

Form 990, Page 6, Part VI, Line 11B

The treasurer, the school superintendant, and the school's accounting firm are provided a draft copy of form 990 for review, comment, and proposed updates and/or changes.

Form 990, Page 6, Part VI, Line 12C

At least annually the school distributes a certification and disclosure form to its officers, directors, key employees, major vendors, and service providers, which requires those respondents to certify they have received a copy of the policy, have read the policy, and understands its purpose. In addition, the form requires each person or entity to certify that there has been no actual or possible conflict of interest or any relationships, transactions, or other circumstances that could result in a conflict of interest. To properly monitor and enforce the policy, the school reviews the annaul disclosure forms and maintains a list of potentially conflicted entities and individuals.

Form 990, Page 6, Part VI, Line 19

AVAILABLE UPON REQUEST.

Filing and Contact Details

Filer

Filer Name
Charette Charter School
EIN
82-4296249
Phone
4012701183
Address
335 WESTMINSTER STREET, PROVIDENCE, RI 02903

Signing Officer

Name
Kathleen Vespia
Title
Executive Director
Phone
4012701183
Signed
2023-11-09

Organization Details

Principal Officer
Kathleen Vespia
Formed
2018
Legal Domicile
Ri
Voting Board Members
7
Independent Board Members
7
Employees
32

Preparer

Firm
Stephen T Gentile CPA Ltd
Address
109 AIRPORT ROAD SUITE 3, WARWICK, RI 02889
Preparer
Stephen T Gentile
Phone
4017396110
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04271213
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt195
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LEASE LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1OTHER LIABILITIES
IRS990ScheduleD/PriorYearAdjustmentsAmt0248780
IRS990ScheduleD/RevenueSubtotalAmt04643228
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01048062
IRS990ScheduleD/TotalBookValueOtherAssetsAmt03925113
IRS990ScheduleD/TotalExpensesPerForm990Amt03556398
IRS990ScheduleD/TotalLiabilityAmt04271308
IRS990ScheduleD/TotalRevenuePerForm990Amt04643228
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04643228
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03805178
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL RECEIVES FUNDING THROUGH STATE AND FEDERAL GRANTS
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 6
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0158340
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt07284
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0KATHLEEN VESPIA
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0165624
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE MANAGEMENT COMPANY WAS DITTMAR MCNEIL & VARONE CPA'S INC. WHO PROVIDED ACCOUNTING, PAYROLL, ASSISTANCE WITH BUDGET PREPARATION AND OTHER REQUIRED FINANCIAL REPORTING FOR THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE TREASURER, THE SCHOOL SUPERINTENDANT, AND THE SCHOOL'S ACCOUNTING FIRM ARE PROVIDED A DRAFT COPY OF FORM 990 FOR REVIEW, COMMENT, AND PROPOSED UPDATES AND/OR CHANGES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AT LEAST ANNUALLY THE SCHOOL DISTRIBUTES A CERTIFICATION AND DISCLOSURE FORM TO ITS OFFICERS, DIRECTORS, KEY EMPLOYEES, MAJOR VENDORS, AND SERVICE PROVIDERS, WHICH REQUIRES THOSE RESPONDENTS TO CERTIFY THEY HAVE RECEIVED A COPY OF THE POLICY, HAVE READ THE POLICY, AND UNDERSTANDS ITS PURPOSE. IN ADDITION, THE FORM REQUIRES EACH PERSON OR ENTITY TO CERTIFY THAT THERE HAS BEEN NO ACTUAL OR POSSIBLE CONFLICT OF INTEREST OR ANY RELATIONSHIPS, TRANSACTIONS, OR OTHER CIRCUMSTANCES THAT COULD RESULT IN A CONFLICT OF INTEREST. TO PROPERLY MONITOR AND ENFORCE THE POLICY, THE SCHOOL REVIEWS THE ANNAUL DISCLOSURE FORMS AND MAINTAINS A LIST OF POTENTIALLY CONFLICTED ENTITIES AND INDIVIDUALS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02037348
IRS990/TotalAssetsEOYAmt07144375
IRS990/TotalAssetsGrp/BOYAmt02037348
IRS990/TotalAssetsGrp/EOYAmt07144375
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalContributionsAmt01693720
IRS990/TotalEmployeeCnt032
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0662318
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02894080
IRS990/TotalFunctionalExpensesGrp/TotalAmt03556398
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0316226
IRS990/TotalLiabilitiesEOYAmt04585203
IRS990/TotalLiabilitiesGrp/BOYAmt0316226
IRS990/TotalLiabilitiesGrp/EOYAmt04585203
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01721122
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02559172
IRS990/TotalOtherCompensationAmt07284
IRS990/TotalProgramServiceExpensesAmt02894080
IRS990/TotalProgramServiceRevenueAmt02938312
IRS990/TotalReportableCompFromOrgAmt0158340
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02949508
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt04643228
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02037348
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt07144375
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0335 WESTMINSTER ST
IRS990/USAddress/CityNm0PROVIDENCE
IRS990/USAddress/StateAbbreviationCd0RI
IRS990/USAddress/ZIPCd002903
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.NEWCHARTERPVD.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/PersonNm0KATHLEEN VESPIA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum04012701183
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CHARETTE CHARTER SCHOOL
ReturnHeader/Filer/BusinessNameControlTxt0CHAR
ReturnHeader/Filer/EIN0824296249
ReturnHeader/Filer/PhoneNum04012701183
ReturnHeader/Filer/USAddress/AddressLine1Txt0335 WESTMINSTER STREET
ReturnHeader/Filer/USAddress/CityNm0PROVIDENCE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0RI
ReturnHeader/Filer/USAddress/ZIPCd002903
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0050463219
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0STEPHEN T GENTILE CPA LTD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0109 AIRPORT ROAD SUITE 3
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WARWICK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0RI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd002889
ReturnHeader/PreparerPersonGrp/PhoneNum04017396110
ReturnHeader/PreparerPersonGrp/PreparationDt02024-01-29
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0STEPHEN T GENTILE
ReturnHeader/ReturnTs02024-01-29T10:20:08-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0KATHLEEN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0VESPIA
ReturnHeader/TaxPeriodBeginDt02022-07-01
ReturnHeader/TaxPeriodEndDt02023-06-30
ReturnHeader/TaxYr02022

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