FREEDOM PREP CHARTER SCHOOL: Form 990, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- FREEDOM PREP CHARTER SCHOOL (EIN 20-0683866)
- Tax period
- 2021-07-01 to 2022-06-30
- Filed
- 2023-05-15
- IRS object ID
- 202341359349318829
- Schema version
- 2021v4.0
- 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-05-15T19:32:39-04:00 | ReturnTs |
| Tax Period End | 2022-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 273263553 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GALLEROS ROBINSON | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 115 DAVIS STATION RD | AddressLine1Txt |
| City | CREAM RIDGE | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 08514 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2021-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 200683866 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FREEDOM PREP CHARTER SCHOOL | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | FREE | BusinessNameControlTxt |
| Phone | 8569620766 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1000 ATLANTIC AVENUE | AddressLine1Txt |
| City | CAMDEN | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 08104 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JOSHUA SOLOW | PersonNm |
| Person Title | SCH. BUSINESS ADMIN | PersonTitleTxt |
| Phone | 8569620766 | PhoneNum |
| Signature | 2023-05-04 | SignatureDt |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | JOSHUA | PersonFirstNm |
| Person Last | SOLOW | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | XXX-XX-XXXX | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | LEONORA GALLEROS | PreparerPersonNm |
| PTIN | P00181670 | PTIN |
| Phone | 6469210400 | PhoneNum |
| Preparation | 2023-05-15 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2021 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | JOSHUA SOLOW | PrincipalOfficerNm |
| Gross Receipts | $20,434,342 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | HTTPS://FREEDOMPREPCS.ORG/ | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2005 | FormationYr |
| Legal Domicile State | NJ | LegalDomicileStateCd |
| Activity Or Mission | TO EDUCATE RESPONSIBLE CITIZEN-SCHOLARS FOR SUCCESS IN THE COLLEGE OF THEIR CHOICE AND A LIFE OF ACTIVE CITIZENSHIP. | ActivityOrMissionDesc |
| Voting Members Governing Body | 6 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 6 | VotingMembersIndependentCnt |
| Total Employee | 167 | TotalEmployeeCnt |
| Total Volunteers | 8 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| PY Contributions Grants | $7,325,162 | PYContributionsGrantsAmt |
| CY Contributions Grants | $7,990,805 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $12,768,739 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $12,399,555 | CYProgramServiceRevenueAmt |
| PY Investment Income | $8,807 | PYInvestmentIncomeAmt |
| CY Investment Income | $664 | CYInvestmentIncomeAmt |
| PY Other Revenue | $201,196 | PYOtherRevenueAmt |
| CY Other Revenue | $43,318 | CYOtherRevenueAmt |
| PY Total Revenue | $20,303,904 | PYTotalRevenueAmt |
| CY Total Revenue | $20,434,342 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $6,407,211 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $12,337,833 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $10,144,638 | PYOtherExpensesAmt |
| CY Other Expenses | $6,951,938 | CYOtherExpensesAmt |
| PY Total Expenses | $16,551,849 | PYTotalExpensesAmt |
| CY Total Expenses | $19,289,771 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $3,752,055 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $1,144,571 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $12,014,464 | TotalAssetsBOYAmt |
| Total Assets EOY | $12,006,247 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $8,749,893 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $7,626,839 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $3,264,571 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $4,379,408 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | TO EDUCATE RESPONSIBLE CITIZEN-SCHOLARS FOR SUCCESS IN THE COLLEGE OF THEIR CHOICE AND A LIFE OF ACTIVE CITIZENSHIP. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $11,112,576 | ExpenseAmt |
| Revenue | $12,399,555 | RevenueAmt |
| Desc | THE CHARTER SCHOOL WAS AUTHORIZED TO SERVE A MAXIMUM ENROLLMENT OF 1,020 STUDENTS IN 2021-2022 IN GRADES K-12. FREEDOM PREP CHARTER SCHOOL ENDED THE 2021-2022 SCHOOL YEAR WITH AN ENROLLMENT OF 769 STUDENTS. THE CHARTER SCHOOL PROVIDES AN EXCEPTIONAL ALTERNATIVE FOR STUDENTS AND FAMILIES OTHERWISE SLATED TO ATTEND SCHOOLS THAT TOO OFTEN DO NOT MEET THEIR NEEDS. FREEDOM PREP EMBODIES A REFINED NO EXCUSES APPROACH. IN ADDITION TO INCORPORATING THE TRADITIONAL ATTRIBUTES THAT RESEARCHERS HAVE PROVEN TO BE CORRELATED WITH IMPROVED STUDENT LEARNING OUTCOMES - EXTENDED SCHOOL DAYS AND YEARS, RIGOROUS COLLEGE-PREP ACADEMICS, ONGOING USE OF DATA TO INFORM INSTRUCTIONAL DECISIONS AND RESOURCE ALLOCATION, CONSISTENT CULTURAL AND ACADEMIC EXPECTATIONS, AND EXCEPTIONAL TALENT AT ALL LEVELS - FREEDOM PREP IS UNIQUE IN ITS COMMITMENT TO THREE OTHER KEY DESIGN ELEMENTS: A COMMITMENT TO EDUCATING ALL STUDENTS, IN ALL SUBJECTS IN ALL GRADES; AUTHENTIC CIVIC LEADERSHIP AND ENGAGEMENT; AND OPERATING ON PUBLIC FUNDS. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $3,767,821 | ExpenseAmt |
| Desc | THE CHARTER SCHOOL IMPLEMENTED THE EVERY STUDENT SUCCEEDS ACT (ESSA) SUCCESSFUL YOUNG CHARTER SCHOOL WITH GREAT PROMISE FOR THE FUTURE. WITH A FOCUS ON LEADERSHIP, CIVICS, COMMUNITY SERVICE AND ACADEMICS, THE CHARTER SCHOOL MAINTAINS A LARGE WAITING LIST FOR ENTRANCE AND IS ARMED WITH A STRONG BOARD, EXPERIENCED STAFF, SIGNIFICANT SEED FUNDING, A WELL- DEVELOPED MISSION AND ACCOMPANYING CORE VALUES. AND THE IDEA PROGRAMS. THESE PROGRAMS WERE ENACTED BY CONGRESS TO PREAUTHORIZE THE ELEMENTARY AND SECONDARY EDUCATION ACT WITH MAJOR FOCUS ON PROVIDING ALL CHILDREN WITH FAIR, EQUAL AND SIGNIFICANT OPPORTUNITY TO HAVE A HIGH QUALITY EDUCATION THROUGH ENRICHMENT ACTIVITIES. IN ADDITION, THE CHARTER SCHOOL ALSO IMPLEMENTED THE REQUIREMENTS OF THE ESSER, ARP AND OTHER COVID-19 RELATED ACTIVITIES TO RETAIN AND MAINTAIN SCHOOL OPERATIONS DURING THE COVID-19 PANDEMIC. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $854,662 | ExpenseAmt |
| Desc | THE CHARTER SCHOOL PROVIDED NUTRITIONALLY BALANCED, LOW COST OR FREE MEALS TO STUDENTS EACH SCHOOL DAY THROUGH ITS BREAKFAST AND LUNCH PROGRAMS. THE PROGRAMS ARE FEDERALLY AND STATE ASSISTED. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $15,735,059 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | false | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (true) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (true) | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | false | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 27 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 167 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 6 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 6 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FREEDOM PREP CHARTER SCHOOL | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 8569620766 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1000 ATLANTIC AVENUE | AddressLine1Txt |
| City | CAMDEN | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 08104 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (15 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|
| KRYSTLE BIRDSALL UNTIL 6302022 | ||||||
| PRESIDENT | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| MATTHEW DAVIDOFF UNTIL 6302022 | ||||||
| VICE PRESIDE | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| JAMES FRIDIE | ||||||
| MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | |
| TOMAS VARELA | ||||||
| MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | |
| ALEX ROSADO-TORRES BEG 392022 | ||||||
| MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | |
| ALEX JONES BEGINNING 1122022 | ||||||
| MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | |
| ANA RUSSO UNTIL 392022 | ||||||
| MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | |
| WYOMIA SCOTT BEGINNING 9162021 | ||||||
| EXECUTIVE DI | 40.00 | Yes (X) | $87,960 | $0 | $4,670 | |
| CONSTANCE HORTON UNTIL 9152021 | ||||||
| EXECUTIVE DI | 40.00 | Yes (X) | $134,234 | $0 | $7,670 | |
| JOSHUA SOLOW | ||||||
| SCH. BUSINES | 20.00 | Yes (X) | $0 | $0 | $0 | |
| JOSUA RIVERA | ||||||
| PRINCIPAL | 40.00 | Yes (X) | $68,589 | $0 | $3,240 | |
| AMANDA TAYLOR | ||||||
| PRINCIPAL | 40.00 | Yes (X) | $49,828 | $0 | $3,037 | |
| PIA GARBUTT | ||||||
| PRINCIPAL | 40.00 | Yes (X) | $47,233 | $0 | $5,765 | |
| DANNY MCEADDY | ||||||
| PRINCIPAL | 40.00 | Yes (X) | $17,327 | $0 | $0 | |
| LATOYA PEARSON | ||||||
| PRINCIPAL | 40.00 | Yes (X) | $77,402 | $0 | $0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $482,573 | TotalReportableCompFromOrgAmt |
| Total Other Compensation | $24,382 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 1 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | false | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (4 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| DEMOCRACY PREP PUBLIC SCHOOLS | |||||
| 1767 PARK AVENUE 5TH FLOOR | NEW YORK | NY | 10035 | MGT SERVICES | $1,627,110 |
| FIRST STUDENT | |||||
| TRANSPORTATION | $826,189 | ||||
| MASCHIO'S FOOD SERVICES | |||||
| 345 E MAIN ST | CHESTER | NJ | 07930 | FOOD SERVICE | $474,212 |
| SCHOOL BUSINESS OFFICE LLC | |||||
| 158 SOUTH MAIN STREET | HIGHTSTOWN | NJ | 08520 | SBA SERVICES | $150,017 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 4 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $7,990,805 | GovernmentGrantsAmt |
| Total Contributions | $7,990,805 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| PER CAPITA AID | 611710 | $12,399,547 | $12,399,547 |
| STUDENT ACTIVITIES | $8 | $8 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $12,399,555 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $664 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $664 | RelatedOrExemptFuncIncomeAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MISCELLAENOUS REVENUE | Desc |
| Business | 611710 | BusinessCd |
| Total Revenue Column | $43,318 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $43,318 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $43,318 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $20,434,342 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $12,443,537 | RelatedOrExemptFuncIncomeAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $614,022 | TotalAmt |
| Program Services | $60,314 | ProgramServicesAmt |
| Management And General | $553,708 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,373,805 | TotalAmt |
| Program Services | $5,566,742 | ProgramServicesAmt |
| Management And General | $807,063 | ManagementAndGeneralAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,055,854 | TotalAmt |
| Program Services | $2,471,445 | ProgramServicesAmt |
| Management And General | $584,409 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,720,209 | TotalAmt |
| Program Services | $1,486,297 | ProgramServicesAmt |
| Management And General | $233,912 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $573,943 | TotalAmt |
| Program Services | $464,181 | ProgramServicesAmt |
| Management And General | $109,762 | ManagementAndGeneralAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,702,770 | TotalAmt |
| Program Services | $1,135,237 | ProgramServicesAmt |
| Management And General | $567,533 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $19,376 | TotalAmt |
| Management And General | $19,376 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $30,300 | TotalAmt |
| Management And General | $30,300 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,843,625 | TotalAmt |
| Program Services | $1,368,035 | ProgramServicesAmt |
| Management And General | $475,590 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,418,403 | TotalAmt |
| Program Services | $1,248,203 | ProgramServicesAmt |
| Management And General | $170,200 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $245,926 | TotalAmt |
| Program Services | $245,926 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $908,683 | TotalAmt |
| Program Services | $908,683 | ProgramServicesAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $87,666 | TotalAmt |
| Program Services | $87,666 | ProgramServicesAmt |
Other Expenses OtherExpensesGrp (2 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| FOOD | $635,493 | $635,493 | |
| MISCELLANEOUS | $59,696 | $56,837 | $2,859 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $19,289,771 | TotalAmt |
| Program Services | $15,735,059 | ProgramServicesAmt |
| Management And General | $3,554,712 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,633,934 | BOYAmt |
| EOY | $6,835,431 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $622,938 | BOYAmt |
| EOY | $2,223,279 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $82,972 | BOYAmt |
| EOY | $108,825 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $558,277 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $531,357 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $40,112 | BOYAmt |
| EOY | $26,920 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,634,508 | BOYAmt |
| EOY | $2,811,792 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,014,464 | BOYAmt |
| EOY | $12,006,247 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $807,226 | BOYAmt |
| EOY | $139,483 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $216,644 | BOYAmt |
| EOY | $268,380 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,726,023 | BOYAmt |
| EOY | $7,218,976 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,749,893 | BOYAmt |
| EOY | $7,626,839 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,264,571 | BOYAmt |
| EOY | $4,379,408 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,264,571 | BOYAmt |
| EOY | $4,379,408 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,014,464 | BOYAmt |
| EOY | $12,006,247 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $1,144,571 | ReconcilationRevenueExpnssAmt |
| Prior Period Adjustments | -$29,734 | PriorPeriodAdjustmentsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (true) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (true) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $558,277 | OtherCostOrOtherBasisAmt |
| Depreciation | $531,357 | DepreciationAmt |
| Book Value | $26,920 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $26,920 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp (2 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| DEFERRED OUTFLOW OF RESOURCES | $1,916,301 |
| RIGHT-OF-USE ASSETS, NET | $895,491 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $2,811,792 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (4 entries)
| DescDesc | AmtAmt |
|---|---|
| DEFERRED INFLOWS OF RESOURCES | $3,245,400 |
| NET PENSION LIABILITY | $2,857,778 |
| LEASE LIABILITY | $1,041,925 |
| PAYABLE TO STATE GOVERNMENT | $73,873 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $7,218,976 | TotalLiabilityAmt |
| Total Rev Etc Audited Fincl Stmt | $20,434,342 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Subtotal | $20,434,342 | RevenueSubtotalAmt |
| Total Revenue Per Form990 | $20,434,342 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $19,289,771 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Subtotal | $19,289,771 | ExpensesSubtotalAmt |
| Total Expenses Per Form990 | $19,289,771 | TotalExpensesPerForm990Amt |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (true) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (true) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (true) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (true) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (true) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (true) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (true) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | false | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | false | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | false | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | false | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | false | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | false | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | false | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | false | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (true) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | false | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (true) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE E, LINE 3 | FREEDOM PREP CHARTER SCHOOL MAINTAINS A RACIALLY NONDISCRIMANATORY POLICY TOWARDS ALL STUDENTS IN THAT THE CHARTER SCHOOL DOES NOT DISCRIMINATE GAINST ANY STUDENT, OR EMPLOYEE. FOR REASONS OF RACE, COLOR, CREED, SEX, AGE, RELIGION, ETHNIC ORIGIN, FAMILY AFFILIATION, DISABILITIES, SOCIAL OR ECONOMIC STATUS, MARITAL STATUS, SEXUAL ORIENTATION, OR BECAUSE OF LIABILITY FOR SERVICE IN THE UNITED STATES ARMED FORCES. THE RACIALLY NONDISCRIMINATORY POLICY IS CONTAINED IN THE SCHOOL BY-LAWS AND IS COMMUNICATED TO STUDENTS AND PARENTS. THE SCHOOL INTENDS TO PUBLISH THIS POLICY IN ITS BROCHURE AND ON ITS WEBSITE. IN ADDITION, FREEDOM PREP CHARTER SCHOOL CUSTOMARILY DRAWS ITS STUDENTS FROM LOCAL COMMUNITIES, AND FURTHER, THE CHARTER SCHOOL ENROLLS STUDENTS OF RACIAL MINORITY GROUPS IN MEANINGFUL NUMBERS. |
| SCHEDULE E, LINE 6 | THE CHARTER SCHOOL RECEIVES PUBLIC ASSISTANCE BY WAY OF PERCENTAGE OF LOCAL TAX LEVY PURSUANT TO REGULATIONS PROMULGATED BY THE STATE OF NEW JERSEY DEPARTMENT OF EDUCATION. IN ADDITION, THE CHARTER SCHOOL RECEIVES FEDERAL ASSISTANCE BY WAY OF GRANTS FROM NCLB/TITLE I AND I.D.E.A. PROGRAMS. OTHER FINANCIAL ASSISTANCE FROM GOVERNMENTAL PROGRAMS IS ALSO AVAILABLE VIA APPLICATION. |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PAGE 2, PART III, LINE 4A | THE CHARTER SCHOOL WAS AUTHORIZED TO SERVE A MAXIMUM ENROLLMENT OF 1,020 STUDENTS IN 2021-2022 IN GRADES K-12. FREEDOM PREP CHARTER SCHOOL ENDED THE 2021-2022 SCHOOL YEAR WITH AN ENROLLMENT OF 769 STUDENTS. THE CHARTER SCHOOL PROVIDES AN EXCEPTIONAL ALTERNATIVE FOR STUDENTS AND FAMILIES OTHERWISE SLATED TO ATTEND SCHOOLS THAT TOO OFTEN DO NOT MEET THEIR NEEDS. FREEDOM PREP EMBODIES A REFINED NO EXCUSES APPROACH. IN ADDITION TO INCORPORATING THE TRADITIONAL ATTRIBUTES THAT RESEARCHERS HAVE PROVEN TO BE CORRELATED WITH IMPROVED STUDENT LEARNING OUTCOMES - EXTENDED SCHOOL DAYS AND YEARS, RIGOROUS COLLEGE-PREP ACADEMICS, ONGOING USE OF DATA TO INFORM INSTRUCTIONAL DECISIONS AND RESOURCE ALLOCATION, CONSISTENT CULTURAL AND ACADEMIC EXPECTATIONS, AND EXCEPTIONAL TALENT AT ALL LEVELS - FREEDOM PREP IS UNIQUE IN ITS COMMITMENT TO THREE OTHER KEY DESIGN ELEMENTS: A COMMITMENT TO EDUCATING ALL STUDENTS, IN ALL SUBJECTS IN ALL GRADES; AUTHENTIC CIVIC LEADERSHIP AND ENGAGEMENT; AND OPERATING ON PUBLIC FUNDS. |
| FORM 990, PAGE 2, PART III, LINE 4B | THE CHARTER SCHOOL IMPLEMENTED THE EVERY STUDENT SUCCEEDS ACT (ESSA) SUCCESSFUL YOUNG CHARTER SCHOOL WITH GREAT PROMISE FOR THE FUTURE. WITH A FOCUS ON LEADERSHIP, CIVICS, COMMUNITY SERVICE AND ACADEMICS, THE CHARTER SCHOOL MAINTAINS A LARGE WAITING LIST FOR ENTRANCE AND IS ARMED WITH A STRONG BOARD, EXPERIENCED STAFF, SIGNIFICANT SEED FUNDING, A WELL- DEVELOPED MISSION AND ACCOMPANYING CORE VALUES. AND THE IDEA PROGRAMS. THESE PROGRAMS WERE ENACTED BY CONGRESS TO PREAUTHORIZE THE ELEMENTARY AND SECONDARY EDUCATION ACT WITH MAJOR FOCUS ON PROVIDING ALL CHILDREN WITH FAIR, EQUAL AND SIGNIFICANT OPPORTUNITY TO HAVE A HIGH QUALITY EDUCATION THROUGH ENRICHMENT ACTIVITIES. IN ADDITION, THE CHARTER SCHOOL ALSO IMPLEMENTED THE REQUIREMENTS OF THE ESSER, ARP AND OTHER COVID-19 RELATED ACTIVITIES TO RETAIN AND MAINTAIN SCHOOL OPERATIONS DURING THE COVID-19 PANDEMIC. |
| FORM 990, PAGE 6, PART VI, LINE 11B | THE BOARD OF TRUSTEES AND DESIGNATED SCHOOL OFFICIALS REVIEW THE TAX FORM 990 PRIOR TO SUBMISSION AND FILING WITH THE IRS |
| FORM 990, PAGE 6, PART VI, LINE 12C | EACH SCHOOL OFFICIAL AND KEY EMPLOYEE AND EACH MEMBER OF THE BOARD OF TRUSTEES MUST COMPLETE A "SCHOOL ETHICS/PERSONAL/RELATIVE DISCLOSURE STATEMENT" PURSUANT TO APPLICABLE NEW JERSEY STATE LAW. THESE FORMS ARE FILED WITH THE APPROPRIATE GOVERNMENTAL ENTITIES, ALSO PER APPLICABLE NEW JERSEY STATE LAW. |
| FORM 990, PAGE 6, PART VI, LINE 15A | SALARY AND COMPENSATION OF THE CEO/LEAD PERSON OF THE SCHOOL IS REVIEWED AND EVALUATED BY BOARD OF TRUSTEES OF THE FREEDOM PREP CHARTER SCHOOL ON AN ANNUAL BASIS. IN CONDUCTING SUCH REVIEW AND EVALUATION, FACTORS SUCH AS PERSONAL STRENGTHS AND WEAKNESSES, AS WELL AS GOALS AND ACHIEVEMENTS OF THE CHARTER SCHOOL, AND COMPARABLE SALARY DATA ARE GIVEN DUE WEIGHT AND CONSIDERATION. THE ULTIMATE COMPENSATION EVALUATION AND RECOMMENTDATION IS THEREAFTER APPROVED BY THE BOARD OF TRUSTEES OF THE CHARTER SCHOOL. |
| FORM 990, PAGE 6, PART VI, LINE 15B | SALARY AND COMPENSATION OF OFFICERS, KEY EMPLOYEES AND ALL TEACHERS ARE REVIEWED AND EVALUATED BY THE CHARTER SCHOOL LEAD PERSON AND BUSINESS ADMINISTRATOR ON AN ANNUAL BASIS. IN CONDUCTING SUCH REVIEW AND EVALUATION, FACTORS SUCH AS TEACHER PERFORMANCE, EDUCATION, EXPERIENCE, LONGETIVITY AND COMPARABLE AREA STANDARDS FOR THE PROFESSION ARE GIVEN DUE WEIGHT AND CONSIDERATION. ALL SUCH COMPENSATION EVALUATIONS AND RECOMMENDATIONS ARE REVIEWED AND APPROVED BY THE BOARD OF TRUSTEES OF THE CHARTER SCHOOL. |
| FORM 990, PAGE 6, PART VI, LINE 19 | THE ORGANIZATION'S GOVERNING DCOUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AT THE CHARTER SCHOOL'S BUSINESS OFFICE. |
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