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GREATER BRUNSWICK REGIONAL CHARTER SCHOOL: Form 990, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
GREATER BRUNSWICK REGIONAL CHARTER SCHOOL (EIN 22-3449114)
Tax period
2021-07-01 to 2022-06-30
Filed
2023-05-15
IRS object ID
202301359349306390
Schema version
2021v4.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2023-05-15T10:07:31-07:00ReturnTs
Tax Period End2022-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN202669703PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1OLUGBENGA OLABINTAN CPA INCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1137 CAMDEN ST STE 3AddressLine1Txt
CityNEWARKCityNm
State AbbreviationNJStateAbbreviationCd
ZIP07103ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2021-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN223449114EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1GREATER BRUNSWICK CHARTER SCHOOLBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlGREABusinessNameControlTxt
Phone7324481052PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1429 JOYCE KILMER AVENUEAddressLine1Txt
CityNEW BRUNSWICKCityNm
State AbbreviationNJStateAbbreviationCd
ZIP08901ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonVANESSA JONESPersonNm
Person TitleEXECUTIVE DIRECTORPersonTitleTxt
Phone7324481052PhoneNum
Signature2023-05-15SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstVANESSAPersonFirstNm
Person LastJONESPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonOLUGBENGA OLABINTAN CPAPreparerPersonNm
PTINP01608312PTIN
Phone2012307518PhoneNum
Preparation2023-05-15PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer3TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
Federated Assurance LevelFAL1FederatedAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerVENNESA JONESPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1429 JOYCE KILMER AVENUEAddressLine1Txt
CityNEW BRUNSWICKCityNm
State AbbreviationNJStateAbbreviationCd
ZIP08901ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$9,611,687GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressN/AWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1998FormationYr
Legal Domicile StateNJLegalDomicileStateCd
Activity Or MissionTHE MISSION OF THE CHARTER SCHOOL IS TO PROVIDE STUDENTS WITH AN EDUCATION OF THE HIGHEST STANDARDS THAT INCORPORATE THEIR INDIVIDUAL INTERESTS AND LEARNING STYLES, AND NURTURES THEIR INTELECTUAL, SOCIAL, EMOTIONAL AND PHYSICAL WELL-BEING WITHIN A LEARNING COMMUNITY.ActivityOrMissionDesc
Voting Members Governing Body6VotingMembersGoverningBodyCnt
Voting Members Independent6VotingMembersIndependentCnt
Total Employee75TotalEmployeeCnt
Total Volunteers5TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$8,289,368PYContributionsGrantsAmt
CY Contributions Grants$9,245,907CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$5,451CYProgramServiceRevenueAmt
PY Investment Income$44PYInvestmentIncomeAmt
CY Investment Income$0CYInvestmentIncomeAmt
PY Other Revenue$23,796PYOtherRevenueAmt
CY Other Revenue$360,329CYOtherRevenueAmt
PY Total Revenue$8,313,208PYTotalRevenueAmt
CY Total Revenue$9,611,687CYTotalRevenueAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$5,794,894PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$6,567,733CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$2,264,213PYOtherExpensesAmt
CY Other Expenses$2,586,328CYOtherExpensesAmt
PY Total Expenses$8,059,107PYTotalExpensesAmt
CY Total Expenses$9,154,061CYTotalExpensesAmt
PY Revenues Less Expenses$254,101PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$457,626CYRevenuesLessExpensesAmt
Total Assets BOY$10,553,733TotalAssetsBOYAmt
Total Assets EOY$10,969,608TotalAssetsEOYAmt
Total Liabilities BOY$8,286,665TotalLiabilitiesBOYAmt
Total Liabilities EOY$7,497,930TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$2,267,068NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$3,471,678NetAssetsOrFundBalancesEOYAmt
MissionTHE MISSION OF THE CHARTER SCHOOL IS TO PROVIDE STUDENTS WITH AN EDUCATION OF THE HIGHEST STANDARDS THAT INCORPORATE THEIR INDIVIDUAL INTERESTS AND LEARNING STYLES, AND NURTURES THEIR INTELECTUAL, SOCIAL, EMOTIONAL AND PHYSICAL WELL-BEING WITHIN A LEARNING COMMUNITY.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$6,531,379ExpenseAmt
Grant$0GrantAmt
Revenue$0RevenueAmt
DescTHE CHARTER SCHOOL IS A COMMUNITY FOCUSED PUBLIC SCHOOL WHERE STUDENTS DEMONSTRATE A PASSION FOR LEARNING, STRONG ACADEMIC AND SOCIAL SKILLS, INDEPENDENCE AND SELF-DIRECTION, CONFIDENCE, AND RESPONSIBILITY FOR THEIR EDUCATION, SCHOOL, FAMILY, AND COMMUNITY. DURING THE YEAR ENDED JUNE 30, 2022, IT PROVIDED EDUCATIONAL SERVICES TO APPROXIMATELY 394 STUDENTS IN GRADES K - 8.Desc
Total Program Service Expenses$6,531,379TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredfalseScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsfalseDonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsYes (true)ReportOtherAssetsInd
Report Other LiabilitiesYes (true)ReportOtherLiabilitiesInd
Include FIN48 FootnotefalseIncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (true)IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingYes (true)SchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredfalseScheduleJRequiredInd
Tax Exempt BondsYes (true)TaxExemptBondsInd
Invest Tax Exempt BondsfalseInvestTaxExemptBondsInd
Escrow AccountfalseEscrowAccountInd
On Behalf Of IssuerfalseOnBehalfOfIssuerInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee75EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsfalseQuidProQuoContributionsInd
Form8282 Property Disposed OffalseForm8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members6GoverningBodyVotingMembersCnt
Independent Voting Member6IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (true)WhistleblowerPolicyInd
Document Retention PolicyYes (true)DocumentRetentionPolicyInd
Compensation Process CEOYes (true)CompensationProcessCEOInd
Compensation Process OtherYes (true)CompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
States Where Copy Of Return Is FldNJStatesWhereCopyOfReturnIsFldCd
Other WebsiteYes (X)OtherWebsiteInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonMICHAEL FALKOWSKIPersonNm
Phone7324481052PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1429 JOYCE KILMER AVENUEAddressLine1Txt
CityNEW BRUNSWICKCityNm
State AbbreviationNJStateAbbreviationCd
ZIP08901ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (10 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerIndKey EmployeeKeyEmployeeIndHighest Compensated EmployeeHighestCompensatedEmployeeInd
SUSAN JACKSON
CHAIRPERSON1.00Yes (X)$0$0$0
LYNELL BURGOS
VICE CHAIRPERSON1.00Yes (X)$0$0$0
SHAMARA GATLING-DAVILA
VICE CHAIRPERSON1.00Yes (X)$0$0$0
SEAN HEWITT
TRUSTEE1.00Yes (X)$0$0$0
JONINA MAZZEO
TRUSTEE1.00Yes (X)$0$0$0
MIRIAM SANTANA
TRUSTEE1.00Yes (X)$0$0$0
DANIELLE CLEMENT
TRUSTEE1.00Yes (X)$0$0$0
KENNETH KING
TRUSTEE1.00Yes (X)$0$0$0
VENESSA JONES
EXECUTIVE DIRECTOR40.00$146,470$0$0Yes (X)Yes (X)Yes (X)
HECTOR ALVAREZ
EDUCATION DIRECTOR40.00$117,336$0$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$263,806TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K2IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
Government Grants$9,245,907GovernmentGrantsAmt
Total Contributions$9,245,907TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtUnrelated Business RevenueUnrelatedBusinessRevenueAmtExclusionExclusionAmt
FOOD SERVICE999999$5,451$0$0
AFTER SCHOOL999999$0$0$0
FieldValueIRS element (for citing)
Total Program Service Revenue$5,451TotalProgramServiceRevenueAmt

Royalties Revenue RoyaltiesRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$72TotalRevenueColumnAmt
Related Or Exempt Func Income$72RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescMISCELLANEOUSDesc
Business999999BusinessCd
Total Revenue Column$360,257TotalRevenueColumnAmt
Related Or Exempt Func Income$360,257RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt
FieldValueIRS element (for citing)
Other Revenue Total$360,257OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$9,611,687TotalRevenueColumnAmt
Related Or Exempt Func Income$365,780RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$280,000TotalAmt
Program Services$112,000ProgramServicesAmt
Management And General$168,000ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$4,115,297TotalAmt
Program Services$3,063,411ProgramServicesAmt
Management And General$1,051,886ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$129,223TotalAmt
Program Services$51,689ProgramServicesAmt
Management And General$77,534ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$1,706,973TotalAmt
Program Services$1,233,214ProgramServicesAmt
Management And General$473,759ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$336,240TotalAmt
Program Services$242,919ProgramServicesAmt
Management And General$93,321ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$16,131TotalAmt
Program Services$0ProgramServicesAmt
Management And General$16,131ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$141,569TotalAmt
Program Services$0ProgramServicesAmt
Management And General$141,569ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$595,309TotalAmt
Program Services$357,185ProgramServicesAmt
Management And General$238,124ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$434,553TotalAmt
Program Services$434,553ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$233,755TotalAmt
Program Services$201,029ProgramServicesAmt
Management And General$32,726ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$55,095TotalAmt
Program Services$55,095ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
MISCELLANEOUS$81,142$30,731$50,411$0
SUPPLIES$628,473$368,200$260,273$0
STUDENT TRANSPORTATION$0$0$0$0
COMMUNICATION/TELEPHONE$47,371$28,423$18,948$0

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$352,930TotalAmt
Program Services$352,930ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$9,154,061TotalAmt
Program Services$6,531,379ProgramServicesAmt
Management And General$2,622,682ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$2,305,071BOYAmt
EOY$1,707,308EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$593,782BOYAmt
EOY$882,665EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$785,256BOYAmt
EOY$1,666,187EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$9,848,155LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$3,134,707LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$6,861,651BOYAmt
EOY$6,713,448EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$7,973BOYAmt
EOY$0EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$10,553,733BOYAmt
EOY$10,969,608EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$114,205BOYAmt
EOY$145,746EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$2,856BOYAmt
EOY$2,026EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$7,439,167BOYAmt
EOY$7,324,587EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

FieldValueIRS element (for citing)
BOY$714,195BOYAmt
EOY$0EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$16,242BOYAmt
EOY$25,571EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$8,286,665BOYAmt
EOY$7,497,930EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$2,267,068BOYAmt
EOY$3,471,678EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$2,267,068BOYAmt
EOY$3,471,678EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$10,553,733BOYAmt
EOY$10,969,608EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$457,626ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$746,984OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedYes (true)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (true)AuditCommitteeInd
Federal Grant Audit RequiredYes (true)FederalGrantAuditRequiredInd
Federal Grant Audit PerformedYes (true)FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd
Other Support Sum$0OtherSupportSumAmt
Public Support CY1700PublicSupportCY170Pct
Public Support Total509$0PublicSupportTotal509Amt
Public Support CY5090PublicSupportCY509Pct
Investment Income CY0InvestmentIncomeCYPct

Schedule D IRS990ScheduleD

Land LandGrp

FieldValueIRS element (for citing)
Investment Cost Or Other Basis$1,111,663InvestmentCostOrOtherBasisAmt
Book Value$1,111,663BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$8,308,433OtherCostOrOtherBasisAmt
Depreciation$2,782,816DepreciationAmt
Book Value$5,525,617BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$428,059OtherCostOrOtherBasisAmt
Depreciation$351,891DepreciationAmt
Book Value$76,168BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$6,713,448TotalBookValueLandBuildingsAmt

Other Assets Org OtherAssetsOrgGrp

FieldValueIRS element (for citing)
DescPREPAID EXPENSEDesc
Book Value$0BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Other Assets$0TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescINTERGOVERNMENTAL PAYABLE - STATEDesc
Amt$25,571Amt
FieldValueIRS element (for citing)
Total Liability$25,571TotalLiabilityAmt
Total Rev Etc Audited Fincl Stmt$9,611,687TotalRevEtcAuditedFinclStmtAmt
Revenue Subtotal$9,611,687RevenueSubtotalAmt
Total Revenue Per Form990$9,611,687TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$9,120,438TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included$200,132OtherExpensesIncludedAmt
Expenses Not Reported$200,132ExpensesNotReportedAmt
Expenses Subtotal$8,920,306ExpensesSubtotalAmt
Other Expenses Not Included$233,755OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$233,755ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$9,154,061TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Pt XII, Line 2dTHE DIFFERENCE BETWEEN THE AUDITED EXPENSES AND THE EXPENSES PER THIS RETURN CONSISTS OF THE FOLLOWING: (1)MORTGAGE PRINCIPAL PAYMENT OF $114,580 THAT WAS AN EXPENSE UNDER NEW JERSEY DEPARTMENT OF EDUCATION GAAP BUT SHOWN AS A REDUCTION OF MORTGAGE LOAN PRINCIPAL UNDER US GAAP. (2) CAPITAL EXPENDITURES OF $85,552 THAT WERE EXPENSED UNDER NEW JERSEY DEPARTMENT OF EDUCATION GAAP BUT SHOWN AS FIXED ASSETS UNDER US GAAP.
Pt XII, Line 4bTHE DEPRECIATION EXPENSE OF $233,755 CHARGED UNDER US GAAP BUT NOT APPLICABLE UNDER NJDOE GAAP.

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (true)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (true)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediaYes (true)PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (true)MaintainRacialCompRecsInd
Maintain Scholarships RecsYes (true)MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (true)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (true)MaintainCpyOfAllSolInd
Discriminate Race Stdnts RghtsfalseDiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss PlcyfalseDiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm FcultyfalseDiscriminateRaceEmplmFcultyInd
Discriminate Race SchsfalseDiscriminateRaceSchsInd
Discriminate Race Educ PlcyfalseDiscriminateRaceEducPlcyInd
Discriminate Race Use Of FcltsfalseDiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt ProgfalseDiscriminateRaceAthltProgInd
Discriminate Race Other ActyfalseDiscriminateRaceOtherActyInd
Government Financial Aid RcvdYes (true)GovernmentFinancialAidRcvdInd
Government Financial Aid RvkdfalseGovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (true)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Line 3THE CHARTER SCHOOL ADVERTISES PUBLICLY FOR PROSPECTIVE STUDENTS TO APPLY AND PUBLICISES THAT THE SELECTION PROCESS IS TOTALLY NON-DISCRIMINATORY AND IS MADE THROUGH A LOTTERY.
Line 6bTHE CHARTER SCHOOL'S RIGHT TO FEDERAL AND STATE AIDS HAS NOT BEEN REVOKED OR SUSPENDED.

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (2 entries)

Bond ReferenceBondReferenceCdBond Issuer EINBondIssuerEINCUSIPCUSIPNumBond IssuedBondIssuedDtIssue PriceIssuePriceAmtPurposePurposeDescDefeasedDefeasedIndOn Behalf Of IssuerOnBehalfOfIssuerIndPool FinancingPoolFinancingInd
NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY
A2234599116459120002014-08-29$7,850,000REFINANCE OF EXISTING LOANSfalsefalsefalse
NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY
B2234599116459120002014-08-29$240,000REFINANCE OF EXISTING LOANSfalsefalsefalse

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (2 entries)

Bond ReferenceBondReferenceCdRetiredRetiredAmtIn Reserve FundInReserveFundAmt
A$7,316,377$533,623
B$223,685$16,315

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Pt VI, Line 12cTHE BOARD OF THE CHARTER SCHOOL ADHERES TO ITS ADOPTED CONFLICT OF INTEREST POLICY.
Pt VI, Line 11bFORMS 990 ARE REVIEWED BY ALL BOARD MEMBERS OF THE CHARTER SCHOOL AND MUST BE APPROVED AT A BOARD MEETING BEFORE FILING WITH THE IRS.
Pt VI, Line 15aTHE BOARD REVIEWS AND APPROVES ALL EMPLOYEES SALARIES INCLUDING THOSE OF MANAGEMENT STAFF.
Pt VI, Line 15bTHE BOARD REVIEWS AND APPROVES ALL EMPLOYEES SALARIES INCLUDING THOSE OF MANAGEMENT STAFF.
Pt VI, Line 19ALL GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
Pt XIPART XI - RECONCILIATION OF NET ASSETS - LINE 9 - OTHER CHANGES IN NET ASSETS OR FUND BALANCE - $746,984 THE ADJUSTMENT RELATES TO THE EFFECT OF GASB 69 - NEW JERSEY PENSION.

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