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GREATER BRUNSWICK REGIONAL CHARTER SCHOOL: Form 990, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
GREATER BRUNSWICK REGIONAL CHARTER SCHOOL (EIN 22-3449114)
Tax period
2020-07-01 to 2021-06-30
Filed
2022-05-01
IRS object ID
202211219349300061
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

FieldValueIRS element (for citing)
Return2022-05-01T19:50:10-07:00ReturnTs
Tax Period End2021-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

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 Begin2020-07-01TaxPeriodBeginDt

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 TitleEDUCATION DIRECTORPersonTitleTxt
Phone7324481052PhoneNum
Signature2022-03-20SignatureDt
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
Preparation2022-05-01PreparationDt

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)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

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$8,313,208GrossReceiptsAmt
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$7,695,590PYContributionsGrantsAmt
CY Contributions Grants$8,289,368CYContributionsGrantsAmt
PY Program Service Revenue$30,698PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$7,364PYInvestmentIncomeAmt
CY Investment Income$44CYInvestmentIncomeAmt
PY Other Revenue$20,443PYOtherRevenueAmt
CY Other Revenue$23,796CYOtherRevenueAmt
PY Total Revenue$7,754,095PYTotalRevenueAmt
CY Total Revenue$8,313,208CYTotalRevenueAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$5,525,764PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$5,794,894CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$1,741,642PYOtherExpensesAmt
CY Other Expenses$2,264,213CYOtherExpensesAmt
PY Total Expenses$7,267,406PYTotalExpensesAmt
CY Total Expenses$8,059,107CYTotalExpensesAmt
PY Revenues Less Expenses$486,689PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$254,101CYRevenuesLessExpensesAmt
Total Assets BOY$10,396,507TotalAssetsBOYAmt
Total Assets EOY$10,553,733TotalAssetsEOYAmt
Total Liabilities BOY$8,467,073TotalLiabilitiesBOYAmt
Total Liabilities EOY$8,286,665TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$1,929,434NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$2,267,068NetAssetsOrFundBalancesEOYAmt
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$5,849,261ExpenseAmt
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, 2021, IT PROVIDED EDUCATIONAL SERVICES TO APPROXIMATELY 395 STUDENTS IN GRADES K - 8.Desc
Total Program Service Expenses$5,849,261TotalProgramServiceExpensesAmt
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 Document25IRPDocumentCnt
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 (8 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
SHAMARA GATLING-DAVILA
VICE CHAIRPERSON1.00Yes (X)$0$0$0
SEAN HEWITT
TRUSTEE1.00Yes (X)$0$0$0
LYNELL BURGOS
TRUSTEE1.00Yes (X)$0$0$0
AWILDA MARTE
TRUSTEE1.00Yes (X)$0$0$0
JONINA MAZZEO
TRUSTEE1.00Yes (X)$0$0$0
VENESSA JONES
EXECUTIVE DIRECTOR40.00$142,640$0$5,725Yes (X)Yes (X)Yes (X)
HECTOR ALVAREZ
EDUCATION DIRECTOR40.00$104,672$0$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$247,312TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$5,725TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K2IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
Government Grants$8,289,368GovernmentGrantsAmt
Total Contributions$8,289,368TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

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

Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp

FieldValueIRS element (for citing)
Total Revenue Column$44TotalRevenueColumnAmt
Related Or Exempt Func Income$44RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescMISCELLANEOUSDesc
Business999999BusinessCd
Total Revenue Column$23,796TotalRevenueColumnAmt
Related Or Exempt Func Income$23,796RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt
FieldValueIRS element (for citing)
Other Revenue Total$23,796OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$8,313,208TotalRevenueColumnAmt
Related Or Exempt Func Income$23,840RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$247,612TotalAmt
Program Services$99,045ProgramServicesAmt
Management And General$148,567ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$3,481,072TotalAmt
Program Services$2,589,918ProgramServicesAmt
Management And General$891,154ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$103,235TotalAmt
Program Services$41,294ProgramServicesAmt
Management And General$61,941ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$1,677,731TotalAmt
Program Services$1,188,234ProgramServicesAmt
Management And General$489,497ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$285,244TotalAmt
Program Services$202,021ProgramServicesAmt
Management And General$83,223ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$7,584TotalAmt
Program Services$0ProgramServicesAmt
Management And General$7,584ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$128,772TotalAmt
Program Services$0ProgramServicesAmt
Management And General$128,772ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$401,769TotalAmt
Program Services$241,061ProgramServicesAmt
Management And General$160,708ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$437,739TotalAmt
Program Services$437,739ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$221,770TotalAmt
Program Services$190,722ProgramServicesAmt
Management And General$31,048ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$81,345TotalAmt
Program Services$81,345ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
MISCELLANEOUS-$988$1,857-$2,845$0
SUPPLIES$706,333$507,943$198,390$0
STUDENT TRANSPORTATION$0$0$0$0
COMMUNICATION/TELEPHONE$29,517$17,710$11,807$0

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$250,372TotalAmt
Program Services$250,372ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$8,059,107TotalAmt
Program Services$5,849,261ProgramServicesAmt
Management And General$2,209,846ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$2,099,210BOYAmt
EOY$2,305,071EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$593,748BOYAmt
EOY$593,782EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$630,249BOYAmt
EOY$785,256EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$9,762,603LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$2,900,952LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$7,073,300BOYAmt
EOY$6,861,651EOYAmt

Other Assets Total OtherAssetsTotalGrp

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

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$10,396,507BOYAmt
EOY$10,553,733EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$196,954BOYAmt
EOY$114,205EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$7,548,703BOYAmt
EOY$7,439,167EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

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

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$7,221BOYAmt
EOY$19,098EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$8,467,073BOYAmt
EOY$8,286,665EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,929,434BOYAmt
EOY$2,267,068EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,929,434BOYAmt
EOY$2,267,068EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$10,396,507BOYAmt
EOY$10,553,733EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$254,101ReconcilationRevenueExpnssAmt
Prior Period Adjustments$83,533PriorPeriodAdjustmentsAmt
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$0InvestmentCostOrOtherBasisAmt
Other Cost Or Other Basis$1,111,663OtherCostOrOtherBasisAmt
Book Value$1,111,663BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$8,308,433OtherCostOrOtherBasisAmt
Depreciation$2,576,050DepreciationAmt
Book Value$5,732,383BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$342,507OtherCostOrOtherBasisAmt
Depreciation$324,902DepreciationAmt
Book Value$17,605BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$6,861,651TotalBookValueLandBuildingsAmt

Other Assets Org OtherAssetsOrgGrp

FieldValueIRS element (for citing)
DescPREPAID EXPENSEDesc
Book Value$7,973BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Other Assets$7,973TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)

DescDescAmtAmt
INTERGOVERNMENTAL PAYABLE - STATE$16,242
DEFERRED REVENUE$2,856
FieldValueIRS element (for citing)
Total Liability$19,098TotalLiabilityAmt
Total Rev Etc Audited Fincl Stmt$8,313,208TotalRevEtcAuditedFinclStmtAmt
Revenue Subtotal$8,313,208RevenueSubtotalAmt
Total Revenue Per Form990$8,313,208TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$7,956,994TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included$119,657OtherExpensesIncludedAmt
Expenses Not Reported$119,657ExpensesNotReportedAmt
Expenses Subtotal$7,837,337ExpensesSubtotalAmt
Other Expenses Not Included$221,770OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$221,770ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$8,059,107TotalExpensesPerForm990Amt

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 $109,536 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 $10,121 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 $221,770 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 (5 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.

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