Civic Intelligence

Advanced Schools Inc

EIN 88-1885287 • 501(c)3 • Florham Park, NJ

Profile

Advanced schools, inc. Will be specifically geared towards supporting middlesex county stem charter school and other underserved charter schools, supplying an outsourced administration team with specialized knowledge and skills to implement curriculum and strategies aligned with each charter school client's mission and to operate the schools to substantially improve student academic outcomes. Any proceeds generated by advanced schools, inc. Will be redistributed in a variety of ways, including without limitation, awarding individual scholarships, sponsoring extracurricular activities and funding of student-run clubs and field trips. It is estimated that the remaining 20 percent of advanced schools, lnc.'s time will be devoted to these auxiliary activities. In the aforementioned ways, advanced schools, inc. Will fulfill its mission of improving educational outcomes of the students of new jersey.

2401 Sun Valley WayFlorham Park, NJ 07932

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

94th percentile

1.12x

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

501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

71st percentile

0.12x

Higher debt load relative to revenue than 71% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

53rd percentile

5.9%

Higher net margin than 53% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2024

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2024

Balance Sheet
Liabilities / Assets94th percentile

Assets

Down

$102,013

Down $32,281 (-24%) from 2023

Liabilities

Down

$114,430

Down $90,285 (-44%) from 2023

Net Assets

Up

-$12,417

Up $58,004 (+82%) from 2023

Operations
Liabilities / Revenue71st percentileNet Margin53rd percentile

Revenue

Up

$975,393

Up $44,554 (+4.8%) from 2023

Expenses

Up

$917,388

Up $85,507 (+10%) from 2023

Net Income

Down

$58,005

Down $40,953 (-41%) from 2023

Trend Graphs

Balance Sheet Trend

Asset GrowthScore unavailable

Grouped bars show assets, liabilities, and net assets across loaded filings.

$300K$200K$100K$0-$100KAssets 2023: $134,294Liabilities 2023: $204,715Net Assets 2023: -$70,4212023Assets 2024: $102,013Liabilities 2024: $114,430Net Assets 2024: -$12,4172024

Highlighted filing

2024

Assets$102,013
Liabilities$114,430
Net Assets-$12,417
Open 2024 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0Revenue 2023: $930,839Expenses 2023: $831,881Net Income 2023: $98,9582023Revenue 2024: $975,393Expenses 2024: $917,388Net Income 2024: $58,0052024

Highlighted filing

2024

Revenue$975,393
Expenses$917,388
Net Income$58,005
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$102,013
Liabilities
$114,430
Net assets
-$12,417
Revenue
$975,393
Expenses
$917,388
Net income
$58,005
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.02$1.14$0.12$9.75$9.17$0.58
2023Detailed filing. Detailed filing data is available for this year.$1.34$2.05$0.70$9.31$8.32$0.99
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 14, 2025
Return Version
2024v5.1
Gross Receipts
$975,393
Mission and Program Overview

Mission

Advanced schools, inc. Will be specifically geared towards supporting middlesex county stem charter school and other underserved charter schools, supplying an outsourced administration team with specialized knowledge and skills to implement curriculum and strategies aligned with each charter school client's mission and to operate the schools to substantially improve student academic outcomes. Any proceeds generated by advanced schools, inc. Will be redistributed in a variety of ways, including without limitation, awarding individual scholarships, sponsoring extracurricular activities and funding of student-run clubs and field trips. It is estimated that the remaining 20 percent of advanced schools, lnc.'s time will be devoted to these auxiliary activities. In the aforementioned ways, advanced schools, inc. Will fulfill its mission of improving educational outcomes of the students of new jersey.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$134,294$102,013▼ $32,281
Rtn Earn Endowment Incm Other Fnds$98,958$58,005▼ $40,953
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$134,294$102,013▼ $32,281
Liabilities
Other Liabilities$204,715$114,430▼ $90,285
Total Liabilities$204,715$114,430▼ $90,285
Net Assets / Fund Balance
Total Net Assets Fund Balance$-70,421$-12,417▲ $58,004
Total Liabilities and Net Assets / Fund Balance$134,294$102,013▼ $32,281
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Turgay KaragozChairman of the Board
Serdar CharyyevSecretary
Nancy RoacheTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$975,393
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$58,005
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$917,388
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Legal$29,905--$29,905
Fees for Services Other$16,823--$16,823
Interest$12,507--$12,507
Fees for Services Accounting$10,676--$10,676
Other Expenses$2,500--$2,500
All Other Expenses$1,600--$1,600
Office Expenses$489--$489
Total Functional Expenses$917,388$0$0$917,388
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
Long Term Business Loan Principal Balance$114,430
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No

Governance Explanations

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

“Form 990, part vi, section b, line 11b: president and treasurer of organization meet with tax preparer to review form 990”

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

“The organization monitors and enforces compliance with the conflict of interest policy by an annual inquiry of officers”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Advanced Schools Inc
EIN
88-1885287
Phone
9086662087
Address
2401 SUN VALLEY WAY, FLORHAM PARK, NJ 07932

Signing Officer

Name
Turgay Karagoz
Title
President
Phone
9086662087
Signed
2025-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Turgay Karagoz
Formed
2023
Legal Domicile
Nj
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
Porzio Bromberg & Newman Pc
Address
100 SOUTHGATE PARKWAY PO BOX 1997, MORRISTOWN, NJ 07962-1997
Preparer
I Richard Ploss
Phone
9738894087
Raw XML Appendix289 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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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PORZIO BROMBERG & NEWMAN PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0100 SOUTHGATE PARKWAY PO BOX 1997
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MORRISTOWN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0079621997
ReturnHeader/PreparerPersonGrp/PhoneNum09738894087
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0I RICHARD PLOSS
ReturnHeader/ReturnTs02025-05-14T12:34:41-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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