GREAT OAKS CHARTER SCHOOL: Form 990, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- GREAT OAKS CHARTER SCHOOL (EIN 45-1260087)
- Tax period
- 2020-07-01 to 2021-06-30
- Filed
- 2022-05-15
- IRS object ID
- 202201369349300700
- Schema version
- 2020v4.1
- 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-05-15T21:58:19-07:00 | ReturnTs |
| Tax Period End | 2021-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | OLUGBENGA OLABINTAN CPA INC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 137 CAMDEN ST STE 3 | AddressLine1Txt |
| City | NEWARK | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 07103 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2020-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 451260087 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GREAT OAKS CHARTER SCHOOL | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | GREA | BusinessNameControlTxt |
| Phone | 8622560909 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 909 BROAD STREET | AddressLine1Txt |
| City | NEWARK | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 07102 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JARED TAILLEFER | PersonNm |
| Person Title | EXECUTIVE DIRECTOR | PersonTitleTxt |
| Phone | 8622560909 | PhoneNum |
| Signature | 2022-04-17 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | JARED | PersonFirstNm |
| Person Last | TAILLEFER | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | XXX-XX-XXXX | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | OLUGBENGA OLABINTAN CPA | PreparerPersonNm |
| PTIN | P01608312 | PTIN |
| Phone | 2012307518 | PhoneNum |
| Preparation | 2022-05-16 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 3 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Federated Assurance Level | FAL1 | FederatedAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2020 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
Doing Business As Name DoingBusinessAsName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GREAT OAKS LEGACY CHARTER SCHOOL | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | JARED TAILLEFER | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 909 BROAD STREET | AddressLine1Txt |
| City | NEWARK | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 07102 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $44,250,544 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | N/A | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2011 | FormationYr |
| Legal Domicile State | NJ | LegalDomicileStateCd |
| Activity Or Mission | THE CHARTER SCHOOL IS A NON-PROFIT ORGANIZATION ESTABLISHED FOR THE PURPOSE OF OPERATING AND MAINTAINING A PUBLIC SCHOOL UNDER A CHARTER GRANTED BY THE STATE OF NEW JERSEY. THE CHARTER PROMOTES EDUCATIONAL REFORM THROUGH INNOVATION. THE CHARTER SCHOOL'S OVERARCHING MISSION IS TO PREPARE STUDENTS TO SUCCEED IN COLLEGE. | ActivityOrMissionDesc |
| Voting Members Governing Body | 8 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 8 | VotingMembersIndependentCnt |
| Total Employee | 274 | TotalEmployeeCnt |
| Total Volunteers | 5 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $35,073,394 | PYContributionsGrantsAmt |
| CY Contributions Grants | $44,183,361 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $64,787 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $27 | CYProgramServiceRevenueAmt |
| CY Investment Income | $0 | CYInvestmentIncomeAmt |
| PY Other Revenue | $48,379 | PYOtherRevenueAmt |
| CY Other Revenue | $67,156 | CYOtherRevenueAmt |
| PY Total Revenue | $35,186,560 | PYTotalRevenueAmt |
| CY Total Revenue | $44,250,544 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $21,702,932 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $23,667,114 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $12,548,611 | PYOtherExpensesAmt |
| CY Other Expenses | $12,808,743 | CYOtherExpensesAmt |
| PY Total Expenses | $34,251,543 | PYTotalExpensesAmt |
| CY Total Expenses | $36,475,857 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $935,017 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $7,774,687 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $16,001,727 | TotalAssetsBOYAmt |
| Total Assets EOY | $20,822,914 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $3,152,326 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $2,016,438 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $12,849,401 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $18,806,476 | NetAssetsOrFundBalancesEOYAmt |
| Mission | THE CHARTER SCHOOL IS A NON-PROFIT ORGANIZATION ESTABLISHED FOR THE PURPOSE OF OPERATING AND MAINTAINING A PUBLIC SCHOOL UNDER A CHARTER GRANTED BY THE STATE OF NEW JERSEY. THE CHARTER PROMOTES EDUCATIONAL REFORM THROUGH INNOVATION. THE CHARTER SCHOOL'S OVERARCHING MISSION IS TO PREPARE THE STUDENTS TO SUCCEED IN COLLEGE. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $24,309,946 | ExpenseAmt |
| Grant | $0 | GrantAmt |
| Revenue | $0 | RevenueAmt |
| Desc | THE CHARTER SCHOOL COMPLETED THE 2020-2021 FISCAL YEAR WITH AN AVERAGE DAILY ENROLLMENT OF 1,859 STUDENTS. THE CHARTER SCHOOL IS FOUNDED ON THE UNDERSTANDING THAT STUDENTS HAVE OWNERSHIP AND RESPONSIBILITY FOR THEIR OWN EDUCATIONAL PROCESSES AND THEIR FUTURE. ACCORDINGLY, THE CURRICULUM WAS ESTABLISHED USING EFFECTIVE, RESEARCH-BASED EDUCATIONAL PRACTICES, HANDS-ON, PROBLEM BASED SERVICE LEARNING ADVENTURES AND GRADE APPROPRIATE CORE ACADEMIC MATERIALS WITH PARTICULAR FOCUS ON THE NEW JERSEY CORE CURRICULUM CONTENT STANDARDS. FOR THE YEAR ENDED JUNE 30, 2021, THE EDUCATIONAL PROGRAM WAS DESIGNED TO MEET THE DIVERSE NEEDS OF INDIVIDUAL STUDENTS, INCLUDING "AT RISK" STUDENTS, ENGLISH LANGUAGE LEARNERS (ELL) AND STUDENTS WITH SPECIAL NEEDS. | Desc |
| Total Program Service Expenses | $24,309,946 | 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 | Yes (true) | 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 |
| Transaction With Control Ent | false | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 91 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 274 | 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 |
| Quid Pro Quo Contributions | false | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 8 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 8 | 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 | false | WhistleblowerPolicyInd |
| Document Retention Policy | false | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | NJ | StatesWhereCopyOfReturnIsFldCd |
| Other Website | Yes (X) | OtherWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JARED TAILLEFER | PersonNm |
| Phone | 8622560909 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 909 BROAD STREET | AddressLine1Txt |
| City | NEWARK | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 07102 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (13 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| RICHARD HERNANDEZ ESQ | ||||||||
| BOARD CHAIR | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| BRIAN NEVEL | ||||||||
| TREASURER | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| DR KARMA WARREN | ||||||||
| BOARD MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| ALLISON BOWMAN | ||||||||
| BOARD MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| PETER HANTES | ||||||||
| BOARD MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| EVERETT JOHNSON | ||||||||
| BOARD MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| MICHAEL DUFFY | ||||||||
| BOARD MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| TENIA PETERSON | ||||||||
| BOARD MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| JARED TAILLEFER | ||||||||
| EXECUTIVE DIRECTOR | 60.00 | Yes (X) | $197,846 | $0 | $4,712 | Yes (X) | Yes (X) | |
| BENJAMIN CARSON | ||||||||
| SCHOOL BUSINESS ADMINISTRATOR | 40.00 | Yes (X) | $134,750 | $0 | $0 | Yes (X) | ||
| PRUDENCE HARRIS-MINTON | ||||||||
| CHIEF ACADEMIC OFFICER | 40.00 | $150,393 | $0 | $13,181 | Yes (X) | |||
| CHIFFON RUSHFORD | ||||||||
| CHIEF CORPS OFFICER | 40.00 | $126,000 | $0 | $14,431 | Yes (X) | |||
| LISA POWELL | ||||||||
| CHIEF ACADEMIC OFFICER | 40.00 | $145,330 | $0 | $12,923 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $754,319 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $45,247 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 11 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| GREAT OAKS FOUNDATION INC | |||||
| 200 BROADWAY 3RD FLOOR | NEW YORK | NJ | 10038 | MANAGEMENT SERVICES | $1,085,217 |
| 247 SECURITY AGENCY LLC | |||||
| 2 GREGORY LANE | EAST HANOVER | NJ | 07936 | SECURITY SERVICES | $151,635 |
| DR L HANES & ASSOCIATES | |||||
| 6 MEAD PLACE | POMPTON PLAINS | NJ | 07444 | CHILD STUDY TEAM SERVICES | $589,337 |
| CLEAN SWEEP BUILDING SERVICES INC | |||||
| 256 HELLER PARKWAY SUITE 17 | NEWARK | NJ | 07107 | JANITORIAL SERVICES | $147,167 |
| SAGE THRIVE INC | |||||
| 295 ROCHELLE AVENUE | ROCHELLE PARK | NJ | 07662 | COUNSELING SERVICES | $254,040 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 5 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $42,974,323 | GovernmentGrantsAmt |
| All Other Contributions | $1,209,038 | AllOtherContributionsAmt |
| Total Contributions | $44,183,361 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | FOOD & AFTER SCHOOL PROGRAMS | Desc |
| Business | 611110 | BusinessCd |
| Total Revenue Column | $27 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $27 | TotalProgramServiceRevenueAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MISCELLANEOUS | Desc |
| Business | 611110 | BusinessCd |
| Total Revenue Column | $67,156 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $67,156 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $67,156 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $44,250,544 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $67,183 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,950,780 | TotalAmt |
| Program Services | $780,312 | ProgramServicesAmt |
| Management And General | $1,170,468 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $15,954,424 | TotalAmt |
| Program Services | $10,563,204 | ProgramServicesAmt |
| Management And General | $5,391,220 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $900,374 | TotalAmt |
| Program Services | $360,150 | ProgramServicesAmt |
| Management And General | $540,224 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,491,788 | TotalAmt |
| Program Services | $2,212,159 | ProgramServicesAmt |
| Management And General | $1,279,629 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,369,748 | TotalAmt |
| Program Services | $867,779 | ProgramServicesAmt |
| Management And General | $501,969 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $84,476 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $84,476 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $126,494 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $126,494 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,654,975 | TotalAmt |
| Program Services | $2,792,985 | ProgramServicesAmt |
| Management And General | $1,861,990 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,425,527 | TotalAmt |
| Program Services | $3,425,527 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $761,245 | TotalAmt |
| Program Services | $654,671 | ProgramServicesAmt |
| Management And General | $106,574 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $104,076 | TotalAmt |
| Program Services | $104,076 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| MISCELLANEOUS | $297,320 | $236,937 | $60,383 | $0 |
| SUPPLIES | $2,495,903 | $1,572,509 | $923,394 | $0 |
| STUDENT TRANSPORTATION | $1,200 | $0 | $1,200 | $0 |
| COMMUNICATION & TELEPHONE | $294,726 | $176,836 | $117,890 | $0 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $562,801 | TotalAmt |
| Program Services | $562,801 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $36,475,857 | TotalAmt |
| Program Services | $24,309,946 | ProgramServicesAmt |
| Management And General | $12,165,911 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,203,823 | BOYAmt |
| EOY | $8,303,080 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $75,000 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $837,231 | BOYAmt |
| EOY | $5,495,690 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $8,315,641 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $3,083,327 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,921,911 | BOYAmt |
| EOY | $5,232,314 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,038,762 | BOYAmt |
| EOY | $1,716,830 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $16,001,727 | BOYAmt |
| EOY | $20,822,914 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,177,290 | BOYAmt |
| EOY | $1,876,804 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $353,491 | BOYAmt |
| EOY | $122,387 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,382,950 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $238,595 | BOYAmt |
| EOY | $17,247 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,152,326 | BOYAmt |
| EOY | $2,016,438 | 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 | $12,849,401 | BOYAmt |
| EOY | $18,806,476 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,849,401 | BOYAmt |
| EOY | $18,806,476 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $16,001,727 | BOYAmt |
| EOY | $20,822,914 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $7,774,687 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | -$1,817,612 | OtherChangesInNetAssetsAmt |
| 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 |
| Other Support Sum | $0 | OtherSupportSumAmt |
| Public Support CY170 | 0 | PublicSupportCY170Pct |
| Public Support Total509 | $0 | PublicSupportTotal509Amt |
| Public Support CY509 | 0 | PublicSupportCY509Pct |
| Investment Income CY | 0 | InvestmentIncomeCYPct |
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
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $0 | InvestmentCostOrOtherBasisAmt |
| Other Cost Or Other Basis | $400,000 | OtherCostOrOtherBasisAmt |
| Book Value | $400,000 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,319,469 | OtherCostOrOtherBasisAmt |
| Depreciation | $131,947 | DepreciationAmt |
| Book Value | $1,187,522 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $4,457,261 | OtherCostOrOtherBasisAmt |
| Depreciation | $2,542,799 | DepreciationAmt |
| Book Value | $1,914,462 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $408,581 | OtherCostOrOtherBasisAmt |
| Depreciation | $408,581 | DepreciationAmt |
| Book Value | $0 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,730,330 | OtherCostOrOtherBasisAmt |
| Depreciation | $0 | DepreciationAmt |
| Book Value | $1,730,330 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $5,232,314 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp (2 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| SECURITY DEPOSITS | $1,325,835 |
| PREPAID RENT | $390,995 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $1,716,830 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (4 entries)
| DescDesc | AmtAmt |
|---|---|
| STATE PAYABLE | $0 |
| INTERGOVERNMENTAL PAYABLE - LOCAL | $17,247 |
| DUE TO STUDENT GROUPS | $0 |
| PAYROLL DEDUCTIONS & WITHHOLDINGS | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $17,247 | TotalLiabilityAmt |
| Total Rev Etc Audited Fincl Stmt | $44,250,544 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Subtotal | $44,250,544 | RevenueSubtotalAmt |
| Total Revenue Per Form990 | $44,250,544 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $38,986,822 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $3,272,210 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $3,272,210 | ExpensesNotReportedAmt |
| Expenses Subtotal | $35,714,612 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $761,245 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $761,245 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $36,475,857 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Pt XII, Line 2d | THE DIFFERENCE BETWEEN THE AUDITED EXPENSES AND THE EXPENSES PER THIS RETURN CONSISTS OF THE FOLLOWING: EQUIPMENT CAPITAL EXPENSE OF $1,756,558 THAT WAS EXPENSED UNDER THE NEW JERSEY DEPARTMENT OF EDUCATION GAAP BUT SHOWN AS PART OF FIXED ASSETS FOR US GAAP. ALSO, REPAYMENT OF LONG TERM LOAN OF $1,515,652 THAT WAS EXPENSED UNDER THE NEW JERSEY DEPARTMENT OF EDUCATION GAAP BUT CONSIDERED A REDUCTION OF BALANCE SHEET LIABILITIES FOR US GAAP. |
| Pt XII, Line 4b | THE DEPRECIATION EXPENSE OF $761,245 CHARGED UNDER US GAAP BUT NOT APPLICABLE UNDER NJDOE GAAP. |
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 |
|---|---|
| Line 3 | THE CHARTER SCHOOL ADVERTISES PUBLICLY FOR ITS STUDENTS TO APPLY FOR ENROLLMENT AND THE SELECTION PROCESS IS TOTALLY NONDISCRIMINATORY AND IS MADE THROUGH A LOTTERY. SEE SCHEDULE E, PART I, LINE FOR EXPLANATION. |
| Line 6b | THE CHARTER SCHOOL'S RIGHT TO FEDERAL AND STATE AIDS HAS NEVER BEEN REVOKED OR SUSPENDED. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | false | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | false | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | false | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | false | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | false | AnyNonFixedPaymentsInd |
| Initial Contract Exception | false | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (3 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| JARED TAILLEFER | |||||||||||||
| $197,846 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $4,712 | $0 | $202,558 | $0 | $0 | $0 |
| PRUDENCE HARRIS-MINTON | |||||||||||||
| $150,393 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $13,181 | $0 | $163,574 | $0 | $0 | $0 |
| LISA POWELL | |||||||||||||
| $145,330 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $12,923 | $0 | $158,253 | $0 | $0 | $0 |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp
Name Of Interested NameOfInterested
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GREAT OAKS FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship Description | MANAGEMENT | RelationshipDescriptionTxt |
| Transaction | $1,085,217 | TransactionAmt |
| Transaction | MANAGEMENT | TransactionDesc |
| Sharing Of Revenues | false | SharingOfRevenuesInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | 1 | FormAndLineReferenceDesc |
| Explanation | GREAT OAKS FOUNDATION (THE "FOUNDATION") EXECUTED A MANAGEMENT CONTRACT WITH THE CHARTER SCHOOL DURING THE FISCAL YEAR ENDED JUNE 30, 2020. UNDER THE CONTRACT THE FOUNDATION PROVIDES RECRUITMENT OF STAFF SERVICES (OVER 100 TUTORS) AND WAS PAID $832,904 DURING THE CALENDAR YEAR ENDED DECEMBER 31, 2019. MR. MICHAEL DUFFY, A BOARD MEMBER OF THE CHARTER SCHOOL IS AN OFFICIAL OF THE FOUNDATION. MR. DUFFY WAS PROHIBITED FROM VOTING OR DISCUSSING ISSUES RELATED TO THE FOUNDATION CONTRACT. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Pt VI, Line 11b | FORMS 990s 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 12c | THE BOARD OF THE CHARTER SCHOOL ADHERES TO ITS ADOPTED CONFLICT OF INTEREST POLICY. |
| Pt VI, Line 15a | THE BOARD REVIEWS AND APPROVES ALL EMPLOYEES SALARIES INCLUDING THOSE OF MANAGEMENT STAFF. |
| Pt VI, Line 15b | THE BOARD REVIEWS AND APPROVES ALL EMPLOYEES SALARIES INCLUDING THOSE OF MANAGEMENT STAFF. |
| Pt VI, Line 18 | THE CHARTER SCHOOL'S FORM 990 IS AVAILABLE UPON REQUEST FROM THE BUSINESS OFFICE AT: 909 BROAD STREET, NEWARK, NJ 07102. IT COULD ALSO BE OBTAINED THROUGH OTHER'S WEBSITE: WWW.GUIDESTAR.ORG |
| Pt VI, Line 19 | ALL GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. COULD BE OBTAINED FROM THE BUSINESS OFFICE AT: 909 BROAD STREET, NEWARK, NJ 07102. |
| Other | PART XI - RECONCILIATION OF NET ASSETS, LINE 9 - OTHER CHANGES IN NET ASSETS - $1,817,612 CONSISTING OF LONG TERM LOAN REPAYMENT OF $1,515,652 WHICH WAS EXPENSED UNDER NEW JERSEY DEPARTMENT OF EDUCATION GAAP BUT CONSIDERED A REDUCTION OF BALANCE SHEET LIABILITIES UNDER US GAAP. THE BALANCE OF $301,960 WAS DUE TO GASB 68 - PENSION. |