NEWARK CHARTER SCHOOL FUND INC: Form 990PF, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- NEWARK CHARTER SCHOOL FUND INC (EIN 26-2224940)
- Tax period
- 2011-01-01 to 2011-12-31
- Filed
- 2012-11-15
- IRS object ID
- 201223209349101402
- Schema version
- 2011v1.2
- 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
- Form 990-PF
- Schedule B
- Accounting Fees Schedule
- Other Assets Schedule
- Other Expenses Schedule
- Other Liabilities Schedule
- Other Professional Fees Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-11-15T12:57:23-06:00 | Timestamp |
| Tax Period End Date | 2011-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 232932984 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PARENTEBEARD LLC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1650 MARKET STREET SUITE 4500 | AddressLine1 |
| City | PHILADELPHIA | City |
| State | PA | State |
| ZIP Code | 19103 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnType |
| Tax Period Begin Date | 2011-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 262224940 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NEWARK CHARTER SCHOOL FUND INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | NEWA | NameControl |
| Phone | 9737332285 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 9-25 ALLING STREET 2ND FLOOR | AddressLine1 |
| City | NEWARK | City |
| State | NJ | State |
| ZIP Code | 07102 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | MASHEA ASHTON | Name |
| Title | CEO AND BOARD SECRETARY | Title |
| Phone | 9737332285 | Phone |
| Date Signed | 2012-11-14 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | JULIUS GREEN CPA | Name |
| PTIN | P00350393 | PTIN |
| Phone | 2159720701 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exempt PF | X | ExemptPF |
| FMV Assets EOY | 2664882 | FMVAssetsEOY |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Received Rev And Expnss | 4478453 | ContriReceivedRevAndExpnss |
| Interest On Savings Rev And Expnss | 6647 | InterestOnSavingsRevAndExpnss |
| Interest On Savings Net Invst Incm | 6647 | InterestOnSavingsNetInvstIncm |
| Interest On Savings Adj Net Incm | 6647 | InterestOnSavingsAdjNetIncm |
| Capital Gain Net Incm Net Invst Incm | 0 | CapitalGainNetIncmNetInvstIncm |
| Net STCG Adj Net Incm | 0 | NetSTCGAdjNetIncm |
| Total Revenue And Expenses | 4485100 | TotalRevenueAndExpenses |
| Total Net Investment Income | 6647 | TotalNetInvestmentIncome |
| Total Adjusted Net Income | 6647 | TotalAdjustedNetIncome |
| Comp Ofcr Dir Trst Rev And Expnss | 217219 | CompOfcrDirTrstRevAndExpnss |
| Comp Ofcr Dir Trst Net Invst Incm | 0 | CompOfcrDirTrstNetInvstIncm |
| Comp Ofcr Dir Trst Adj Net Incm | 0 | CompOfcrDirTrstAdjNetIncm |
| Comp Ofcr Dir Trst Dsbrs Chrtbl Prps | 217219 | CompOfcrDirTrstDsbrsChrtblPrps |
| Oth Empl Slrs Wgs Rev And Expnss | 602400 | OthEmplSlrsWgsRevAndExpnss |
| Oth Empl Slrs Wgs Net Invst Incm | 0 | OthEmplSlrsWgsNetInvstIncm |
| Oth Empl Slrs Wgs Adj Net Incm | 0 | OthEmplSlrsWgsAdjNetIncm |
| Oth Empl Slrs Wgs Dsbrs Chrtbl Prps | 602400 | OthEmplSlrsWgsDsbrsChrtblPrps |
| Pension Empl Bnft Rev And Expnss | 169444 | PensionEmplBnftRevAndExpnss |
| Pension Empl Bnft Net Invst Incm | 0 | PensionEmplBnftNetInvstIncm |
| Pension Empl Bnft Adj Net Incm | 0 | PensionEmplBnftAdjNetIncm |
| Pension Empl Bnft Dsbrs Chrtbl Prps | 169444 | PensionEmplBnftDsbrsChrtblPrps |
| Accounting Fees Rev And Expnss | 39651 | AccountingFeesRevAndExpnss |
| Accounting Fees Net Invst Incm | 0 | AccountingFeesNetInvstIncm |
| Accounting Fees Adj Net Incm | 0 | AccountingFeesAdjNetIncm |
| Accounting Fees Dsbrs Chrtbl Prps | 39651 | AccountingFeesDsbrsChrtblPrps |
| Other Prof Fees Rev And Expnss | 851713 | OtherProfFeesRevAndExpnss |
| Other Prof Fees Net Invst Incm | 0 | OtherProfFeesNetInvstIncm |
| Other Prof Fees Adj Net Incm | 0 | OtherProfFeesAdjNetIncm |
| Other Prof Fees Dsbrs Chrtbl Prps | 851713 | OtherProfFeesDsbrsChrtblPrps |
| Occupancy Rev And Expnss | 44455 | OccupancyRevAndExpnss |
| Occupancy Net Invst Incm | 0 | OccupancyNetInvstIncm |
| Occupancy Adj Net Incm | 0 | OccupancyAdjNetIncm |
| Occupancy Dsbrs Chrtbl Prps | 44455 | OccupancyDsbrsChrtblPrps |
| Trav Conf Meeting Rev And Expnss | 17675 | TravConfMeetingRevAndExpnss |
| Trav Conf Meeting Net Invst Incm | 0 | TravConfMeetingNetInvstIncm |
| Trav Conf Meeting Adj Net Incm | 0 | TravConfMeetingAdjNetIncm |
| Trav Conf Meeting Dsbrs Chrtbl Prps | 17675 | TravConfMeetingDsbrsChrtblPrps |
| Other Expenses Rev And Expnss | 157999 | OtherExpensesRevAndExpnss |
| Other Expenses Net Invst Incm | 0 | OtherExpensesNetInvstIncm |
| Other Expenses Adj Net Incm | 0 | OtherExpensesAdjNetIncm |
| Other Expenses Dsbrs Chrtbl Prps | 157999 | OtherExpensesDsbrsChrtblPrps |
| Tot Opr Expenses Rev And Expnss | 2100556 | TotOprExpensesRevAndExpnss |
| Tot Opr Expenses Net Invst Incm | 0 | TotOprExpensesNetInvstIncm |
| Tot Opr Expenses Adj Net Incm | 0 | TotOprExpensesAdjNetIncm |
| Tot Opr Expenses Dsbrs Chrtbl Prps | 2100556 | TotOprExpensesDsbrsChrtblPrps |
| Contri Gifts Paid Rev And Expnss | 2377897 | ContriGiftsPaidRevAndExpnss |
| Contri Gifts Paid Dsbrs Chrtbl Prps | 2377897 | ContriGiftsPaidDsbrsChrtblPrps |
| Total Expenses Rev And Expnss | 4478453 | TotalExpensesRevAndExpnss |
| Total Expenses Net Invst Incm | 0 | TotalExpensesNetInvstIncm |
| Total Expenses Adj Net Incm | 0 | TotalExpensesAdjNetIncm |
| Total Expenses Dsbrs Chrtbl Prps | 4478453 | TotalExpensesDsbrsChrtblPrps |
| Excess Of Revenue Over Expenses | 6647 | ExcessOfRevenueOverExpenses |
| Net Investment Income | 6647 | NetInvestmentIncome |
| Adjusted Net Income | 6647 | AdjustedNetIncome |
Balance Sheets BalanceSheets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | 449 | CashBOY |
| Savings And Temp Cash Invst BOY | 6261677 | SavingsAndTempCashInvstBOY |
| Savings And Temp Cash Invst EOY | 2643374 | SavingsAndTempCashInvstEOY |
| Savings And Temp Cash Invst EOYFMV | 2643374 | SavingsAndTempCashInvstEOYFMV |
| Prepaid Expenses BOY | 17038 | PrepaidExpensesBOY |
| Prepaid Expenses EOY | 15378 | PrepaidExpensesEOY |
| Prepaid Expenses EOYFMV | 15378 | PrepaidExpensesEOYFMV |
| Other Assets BOY | 6130 | OtherAssetsBOY |
| Other Assets EOY | 6130 | OtherAssetsEOY |
| Other Assets EOYFMV | 6130 | OtherAssetsEOYFMV |
| Total Assets BOY | 6285294 | TotalAssetsBOY |
| Total Assets EOY | 2664882 | TotalAssetsEOY |
| Total Assets EOYFMV | 2664882 | TotalAssetsEOYFMV |
| Accounts Payable BOY | 281623 | AccountsPayableBOY |
| Accounts Payable EOY | 294128 | AccountsPayableEOY |
| Other Liabilities BOY | 5980546 | OtherLiabilitiesBOY |
| Other Liabilities EOY | 2340982 | OtherLiabilitiesEOY |
| Total Liabilities BOY | 6262169 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 2635110 | TotalLiabilitiesEOY |
| Org That Follow SFAS117 | X | OrgThatFollowSFAS117 |
| Unrestricted BOY | 23125 | UnrestrictedBOY |
| Unrestricted EOY | 29772 | UnrestrictedEOY |
| Total Net Assets BOY | 23125 | TotalNetAssetsBOY |
| Total Net Assets EOY | 29772 | TotalNetAssetsEOY |
| Total Liabilities Net Assets BOY | 6285294 | TotalLiabilitiesNetAssetsBOY |
| Total Liabilities Net Assets EOY | 2664882 | TotalLiabilitiesNetAssetsEOY |
Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Net Assets Fund Balances BOY | 23125 | TotalNetAssetsFundBalancesBOY |
| Excess Of Revenue Over Expenses | 6647 | ExcessOfRevenueOverExpenses |
| Other Increases | 0 | OtherIncreases |
| Subtotal | 29772 | Subtotal |
| Other Decreases | 0 | OtherDecreases |
| Total Net Assets Fund Balances EOY | 29772 | TotalNetAssetsFundBalancesEOY |
Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable For4942 Tax | 0 | LiableFor4942Tax |
| Qualifying Distributions Year1 | 4416927 | QualifyingDistributionsYear1 |
| Noncharitable Assets Year1 | 2930067 | NoncharitableAssetsYear1 |
| Distribution Ratio Year1 | 1.507449 | DistributionRatioYear1 |
| Qualifying Distributions Year2 | 4961622 | QualifyingDistributionsYear2 |
| Noncharitable Assets Year2 | 1975816 | NoncharitableAssetsYear2 |
| Distribution Ratio Year2 | 2.511176 | DistributionRatioYear2 |
| Qualifying Distributions Year3 | 1721589 | QualifyingDistributionsYear3 |
| Noncharitable Assets Year3 | 812381 | NoncharitableAssetsYear3 |
| Distribution Ratio Year3 | 2.119189 | DistributionRatioYear3 |
| Total Distribution Ratio | 6.137814 | TotalDistributionRatio |
| Average Distribution Ratio | 2.045938 | AverageDistributionRatio |
| Net Noncharitable Assets | 4983427 | NetNoncharitableAssets |
| Adjusted Noncharitable Assets | 10195783 | AdjustedNoncharitableAssets |
| One Percent Net Investment Income | 66 | OnePercentNetInvestmentIncome |
| Adj Nonchrtbl Assets And One | 10195849 | AdjNonchrtblAssetsAndOnePct |
| Qualifying Distributions | 4478453 | QualifyingDistributions |
Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | 133 | InvestmentIncomeExciseTax |
| Tax Under Section511 | 0 | TaxUnderSection511 |
| Subtotal | 133 | Subtotal |
| Subtitle A Tax | 0 | SubtitleATax |
| Tax Based On Investment Income | 133 | TaxBasedOnInvestmentIncome |
| Tax Paid With Extension | 133 | TaxPaidWithExtension |
| Total Credits And Payments | 133 | TotalCreditsAndPayments |
| Tax Due | 0 | TaxDue |
Statements Regarding Activities StatementsRegardingActivities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Activities | 0 | LegislativePoliticalActivities |
| More Than100 Spent | 0 | MoreThan100Spent |
| Form1120 POL Filed | 0 | Form1120POLFiled |
| Sect4955 Tax On Organization | 0 | Sect4955TaxOnOrganization |
| Sect4955 Tax On Managers | 0 | Sect4955TaxOnManagers |
| Reimbursement Of Tax | 0 | ReimbursementOfTax |
| Activities Not Prev Reported | 0 | ActivitiesNotPrevReported |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylaws |
| Unrelated Bus Income Over1000 | 0 | UnrelatedBusIncomeOver1000 |
| Termination Etc | 0 | TerminationEtc |
| Requirements Of Sect508e | 1 | RequirementsOfSect508e |
| At Least5000 In Assets | 1 | AtLeast5000InAssets |
| States Filed With | NJ | StatesFiledWith |
| States Filed With | DE | StatesFiledWith |
| Form990 PF Filed With AG | 1 | Form990PFFiledWithAG |
| Private Operating Foundation | 1 | PrivateOperatingFoundation |
| New Substantial Contributors | 0 | NewSubstantialContributors |
| Interest In Controlled Entity | 0 | InterestInControlledEntity |
| Applicable Insurance Contract | 0 | ApplicableInsuranceContract |
| Comply With Public Inspection Rqr | 1 | ComplyWithPublicInspectionRqr |
| Website Address | WWW.NCSFUND.ORG | WebsiteAddress |
Books In Care Of Business Name BooksInCareOfBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE FOUNDATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Books In Care Of Phone Number | 9737332285 | BooksInCareOfPhoneNumber |
Books In Care Of US Address BooksInCareOfUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 9-25 ALLING STREET 2ND FLOOR | AddressLine1 |
| City | NEWARK | City |
| State | NJ | State |
| ZIP Code | 07102 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Bank | 0 | ForeignBank |
Statements Regarding Acty4720 StatementsRegardingActy4720
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exchange With Dsqfly Person | 0 | SaleOrExchangeWithDsqflyPerson |
| Borrow Or Lend With Dsqfly Person | 0 | BorrowOrLendWithDsqflyPerson |
| Furnished Goods With Dsqfly Person | 0 | FurnishedGoodsWithDsqflyPerson |
| Pay Compensation To Dsqfly Person | 0 | PayCompensationToDsqflyPerson |
| Transfer Assets To Dsqfly Person | 0 | TransferAssetsToDsqflyPerson |
| Payment To Government Offical | 0 | PaymentToGovernmentOffical |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActs |
| Undistributed Income Prior Years | 0 | UndistributedIncomePriorYears |
| Business Holdings | 0 | BusinessHoldings |
| Jeopardy Investments | 0 | JeopardyInvestments |
| Uncorrected Jeopardy Investments | 0 | UncorrectedJeopardyInvestments |
| Influence Legislation | 0 | InfluenceLegislation |
| Influence Election | 0 | InfluenceElection |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Noncharitable Purpose | 0 | NoncharitablePurpose |
| Rcv Funds To Pay Prsnl Bnft Contract | 0 | RcvFundsToPayPrsnlBnftContract |
| Pay Premiums Prsnl Bnft Contract | 0 | PayPremiumsPrsnlBnftContract |
| Prohibited Tax Shelter Transactn | 0 | ProhibitedTaxShelterTransactn |
Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo
Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (6 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | TitleTitle | Avg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPosition | CompensationCompensation | Contri To Empl Benefit Plans EtcContriToEmplBenefitPlansEtc | Expense Account Other AllowancesExpenseAccountOtherAllowances |
|---|---|---|---|---|---|---|---|---|
| MASHEA ASHTON | ||||||||
| 9-25 ALLING STREET 2ND FLOOR | NEWARK | NJ | 07102 | CEO AND BOARD SECRETARY | 40.00 | 217219 | 12207 | 0 |
| CHRIS NELSON | ||||||||
| 9-25 ALLING STREET 2ND FLOOR | NEWARK | NJ | 07102 | BOARD CHAIR | 0.50 | 0 | 0 | 0 |
| ADAM PORSCHE | ||||||||
| 9-25 ALLING STREET 2ND FLOOR | NEWARK | NJ | 07102 | BOARD MEMBER | 0.50 | 0 | 0 | 0 |
| JIM BLEW | ||||||||
| 9-25 ALLING STREET 2ND FLOOR | NEWARK | NJ | 07102 | BOARD MEMBER | 0.50 | 0 | 0 | 0 |
| PHOEBE BOYER | ||||||||
| 9-25 ALLING STREET 2ND FLOOR | NEWARK | NJ | 07102 | BOARD MEMBER | 0.50 | 0 | 0 | 0 |
| STACEY RUBIN | ||||||||
| 9-25 ALLING STREET 2ND FLOOR | NEWARK | NJ | 07102 | BOARD MEMBER | 0.50 | 0 | 0 | 0 |
Compensation Of Highest Paid Empl CompensationOfHighestPaidEmpl (5 entries)
| NameName | Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | TitleTitle | Average Hours Per WeekAverageHoursPerWeek | CompensationCompensation | Employee BenefitsEmployeeBenefits | Expense AccountExpenseAccount |
|---|---|---|---|---|---|---|---|---|---|
| K MCLAIN | 9-25 ALLING STREET 2ND FLOOR | NEWARK | NJ | 07102 | VP OF FINANCE | 40.00 | 145394 | 22564 | 0 |
| J DUFFY | 9-25 ALLING STREET 2ND FLOOR | NEWARK | NJ | 07102 | VP OF ADVOCACY | 40.00 | 128645 | 22332 | 0 |
| M NEWKIRK | 9-25 ALLING STREET 2ND FLOOR | NEWARK | NJ | 07102 | FOUNDER IN RESIDENCE | 40.00 | 87220 | 5100 | 0 |
| D WRIGHT | 9-25 ALLING STREET 2ND FLOOR | NEWARK | NJ | 07102 | VP QUALITY SCHOOOL | 40.00 | 72872 | 12147 | 0 |
| J ROONEY | 9-25 ALLING STREET 2ND FLOOR | NEWARK | NJ | 07102 | FOUNDER IN RESIDENCE | 40.00 | 77005 | 5100 | 0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Number Of Oth Empl Paid Over50k | 0 | TotNumberOfOthEmplPaidOver50k |
Compensation Of Hghst Paid Cntrct CompensationOfHghstPaidCntrct (5 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | Type Of ServiceTypeOfService | CompensationCompensation |
|---|---|---|---|---|---|
| LISA DAGGS | |||||
| 1194 ESTATES DRIVE | LAFAYETTE | CA | 94549 | CONSULTANT | 202385 |
| ANZELLA NELMS | |||||
| 500 SEVAN OAKS ROAD | ORANGE | NJ | 07050 | CONSULTANT | 98256 |
| ARCHADEMIA | |||||
| 145 MORRIS ST | MORRISTOWN | NJ | 079604107 | PROJECT MANAGEMENT | 94400 |
| NY CREW CONSULTANTS | |||||
| 211-35 23RD AVE 2F | BAYSIDE | NJ | 11360 | CONSULTANT | 61500 |
| JAFFE COMMUNICATIONS | |||||
| 45 ACADEMY STREET SUITE 501 | NEWARK | NJ | 07102 | CONSULTANT | 56549 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Number Of Cntrct Paid Over50k | 0 | TotNumberOfCntrctPaidOver50k |
Summary Of Direct Charitable Acty SummaryOfDirectCharitableActy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | HUMAN CAPITAL - NEWARK CHARTER SCHOOLS STRIVE TO RECRUIT AND RETAIN OUTSTANDING TEACHERS. THE FUND SUPPORTS INNOVATIVE APPROACHES TO HELP NEWARK CHARTER SCHOOLS SUCCESSFULLY RECRUIT, PLACE, DEVELOP, AND RETAIN HIGH-QUALITY TEACHERS | Description1 |
| Expenses1 | 649000 | Expenses1 |
| Description2 | AID TO MATURE SCHOOLS - TO STRENGTHEN AND SUSTAIN CHARTER SCHOOLS THAT DELIVER OUTSTANDING ACADEMIC RESULTS FOR NEWARK'S STUDENTS. TO SUPPORT THE EXISTING SCHOOLS, THE FUND MAKES TARGETED GRANTS IN RESPONSE TO THEIR VARYING NEEDS. THE FUND IS MOST INTERESTED IN INCREASING THE CAPACITY OF CHARTER SCHOOLS' TEACHERS, LEADERSHIP TEAMS AND BOARDS, AND IN SUPPORTING THEIR CORE TEACHING AND LEARNING PROGRAMS TO ENSURE THAT FUNDS WILL HAVE THE HIGHEST STUDENT IMPACT. | Description2 |
| Expenses2 | 355000 | Expenses2 |
| Description3 | NEW SCHOOLS DEVELOPMENT- THE FUND SUPPORTS PROMISING, START-UP CHARTER SCHOOLS DURING THEIR APPLICATION PHASE, PLANNING YEAR, AND OPENING YEARS. THE FUND WILL ONLY SUPPORT STARTUP CHARTER SCHOOL LEADERSHIP TEAMS AND PLANS THAT SHOW CLEAR EVIDENCE OF A RIGOROUS ACADEMIC PROGRAM DESIGNED TO PREPARE STUDENTS FOR COLLEGE AND WORK. | Description3 |
| Expenses3 | 743222 | Expenses3 |
| Description4 | ADVOCACY - FOCUSES ON PARTNERING WITH ORGANIZATIONS THAT PROVIDE DATA, ANALYSIS, AND INFORMATION ABOUT BEST PRACTICES THAT CAN INFORM THE EDUCATION REFORM MOVEMENT. IN CONJUNCTION WITH THESE PARTNERS, NCSF ADVOCATES FOR HIGH QUALITY SCHOOL OPTIONS FOR ALL NEWARK STUDENTS AND WORKS TO ENSURE THAT POLICY DECISIONS ARE BASED ON FACTS AND NATIONAL, STATE, AND LOCAL BEST PRACTICES. | Description4 |
| Expenses4 | 630675 | Expenses4 |
Sum Of Program Related Investments SumOfProgramRelatedInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Minimum Investment Return MinimumInvestmentReturn
| Field | Value | IRS element (for citing) |
|---|---|---|
| Avg Monthly FMV Of Securities | 0 | AvgMonthlyFMVOfSecurities |
| Avg Monthly Cash Balances | 5037809 | AvgMonthlyCashBalances |
| FMV All Other Noncharitable Assets | 21508 | FMVAllOtherNoncharitableAssets |
| Total FMV Of Unused Assets | 5059317 | TotalFMVOfUnusedAssets |
| Reduction Claimed | 0 | ReductionClaimed |
| Acquisition Indebtedness | 0 | AcquisitionIndebtedness |
| Adj Total FMV Of Unused Assets | 5059317 | AdjTotalFMVOfUnusedAssets |
| Cash Deemed Charitable | 75890 | CashDeemedCharitable |
| Net Noncharitable Assets | 4983427 | NetNoncharitableAssets |
| Minimum Investment Return | 249171 | MinimumInvestmentReturn |
Distributable DistributableAmount
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sect4942j3j5 Fndtn And Frgn Org | X | Sect4942j3j5FndtnAndFrgnOrg |
Qualifying Distributions QualifyingDistributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | 4478453 | ExpensesAndContributions |
| Program Related Investments Total | 0 | ProgramRelatedInvestmentsTotal |
| Qualifying Distributions | 4478453 | QualifyingDistributions |
| One Pct Sect4940e Org Net Invst Incm | 0 | OnePctSect4940eOrgNetInvstIncm |
| Adj Qualifying Distributions | 4478453 | AdjQualifyingDistributions |
Private Operating Foundations PrivateOperatingFoundations
| Field | Value | IRS element (for citing) |
|---|---|---|
| Date Of Ruling | 2008-03-06 | DateOfRuling |
| Section4942j3 | X | Section4942j3 |
Lessor Adj Net Incm Min Invst Return LessorAdjNetIncmMinInvstReturn
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | 6647 | CurrentYear |
| Year1 | 7854 | Year1 |
| Year2 | 7550 | Year2 |
| Year3 | 7405 | Year3 |
| Total | 29456 | Total |
Percent85 Of Lessor Percent85OfLessor
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | 5650 | CurrentYear |
| Year1 | 6676 | Year1 |
| Year2 | 6418 | Year2 |
| Year3 | 6294 | Year3 |
| Total | 25038 | Total |
Qualifying Distributions QualifyingDistributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | 4478453 | CurrentYear |
| Year1 | 4416927 | Year1 |
| Year2 | 4961622 | Year2 |
| Year3 | 1721589 | Year3 |
| Total | 15578591 | Total |
Qlfy Distri Not Used Directly QlfyDistriNotUsedDirectly
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | 0 | CurrentYear |
| Year1 | 0 | Year1 |
| Year2 | 0 | Year2 |
| Year3 | 0 | Year3 |
| Total | 0 | Total |
Qlfy Distri Made Directly QlfyDistriMadeDirectly
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | 4478453 | CurrentYear |
| Year1 | 4416927 | Year1 |
| Year2 | 4961622 | Year2 |
| Year3 | 1721589 | Year3 |
| Total | 15578591 | Total |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Total Assets Sect4942j3 Bi TotalAssetsSect4942j3Bi
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Two Thirds Min Invst Return TwoThirdsMinInvstReturn
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | 166114 | CurrentYear |
| Year1 | 97669 | Year1 |
| Year2 | 65861 | Year2 |
| Year3 | 22331 | Year3 |
| Total | 351975 | Total |
Total Support TotalSupport
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Public Support PublicSupport
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Largest Support From EO LargestSupportFromEO
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Gross Investment Income GrossInvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Supplementary Information SupplementaryInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contributes To Preselected | X | OnlyContributesToPreselected |
Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (20 entries)
| Address Line1RecipientUSAddress/AddressLine1 | CityRecipientUSAddress/City | StateRecipientUSAddress/State | ZIP CodeRecipientUSAddress/ZIPCode | Purpose Of Grant Or ContributionPurposeOfGrantOrContribution | AmountAmount |
|---|---|---|---|---|---|
| ACHIEVEMENT NET | |||||
| 225 FRIEND STREET STE 704 | BOSTON | MA | 02114 | SUPPORT CURRICULUM AND INSTRUCTION BASED ON FORMATIVE ASSESSMENTS IN NEWARK'S CHARTER SCHOOLS | $120,000 |
| ACHIEVEMENT NET | |||||
| 225 FRIEND STREET STE 704 | BOSTON | MA | 02114 | SUPPORT CURRICULUM AND INSTRUCTION BASED ON FORMATIVE ASSESSMENTS IN NEWARK'S CHARTER SCHOOLS | $165,000 |
| ADELAIDE SANFORD CHARTER SCHOOL | |||||
| 53 LINCOLN PARK | NEWARK | NJ | 07102 | HIRE A FULL TIME DIRECTOR OF CURRCULUM & INSTRUCTION FOR 2010-2011 | $40,000 |
| COMMUNITY FOUNDATION OF NJ | |||||
| 35 KNOX HILL ROAD | MORRISTOWN | NJ | 07960 | SUPPORT SHARED CAMPUS INITIATIVE BETWEEN NPS AND CHARTER SCHOOLS FOR 2011-12 | $50,000 |
| DISCOVERY CHARTER SCHOOL | |||||
| 303 WASHINGTON STREET | NEWARK | NJ | 07102 | COSTS FOR RECRUITMENT, SALARY AND ADMIN OF TEACHER ASSISTANT PROGRAM FOR ACADEMIC YEAR 2010-2011 | $30,000 |
| EDUCATION REFORM NOW | |||||
| 928 BROADWAY STE 505 | NEW YORK | NY | 10010 | ONE YEAR GRANT FOR ADVOCACY FOR ACADEMIC YEAR 2011-2012 | $50,000 |
| EDUCATION REFORM NOW | |||||
| 928 BROADWAY STE 505 | NEW YORK | NY | 10010 | ONE YEAR GRANT FOR ADVOCACY FOR ACADEMIC YEAR 2010-2011 | $135,000 |
| FRIENDS OF TEAM | |||||
| 85 CUSTER AVE | NEWARK | NJ | 07112 | PARENT OUTREACH, COMMUNICATIONS & CAPACITY BUILDING | $120,000 |
| GREAT OAKS CHARTER SCHOOL | |||||
| 28 BURNET STREET | NEWARK | NJ | 07102 | START UP GRANT FOR 2011-12 ($142,500 PLUS $7,500 TOWARDS BOARD TRAINING) | $142,500 |
| NACSA | |||||
| 105 W ADAMS STREET SUITE 3500 | CHICAGO | IL | 60603 | SUPPORT & BUILD CAPACITY IN THE NJ DOE CHARTER SCHOOL OFFICE | $89,025 |
| NACSA | |||||
| 105 W ADAMS STREET SUITE 3500 | CHICAGO | IL | 60603 | SUPPORT & BUILD CAPACITY IN THE NJ DOE CHARTER SCHOOL OFFICE | $106,650 |
| NEW LEADERS FOR NEW SCHOOLS | |||||
| 30 WEST 26TH ST 2ND FLOOR | NEW YORK | NY | 10010 | BUILD PIPELINE OF HIGH-QUALITY LEADERS FOR NEWARK'S CHARTER SECTOR | $180,000 |
| NJ CHARTER SCHOOLS ASSOCIATION | |||||
| 1 AAA DRIVE SUITE 201 | HAMILTON | NJ | 08691 | GENERAL OPERATIONS SUPPORT | $80,000 |
| PEOPLE'S PREP CHARTER SCHOOL | |||||
| 321 BERGEN STREET 2ND FLOOR | NEWARK | NJ | 07102 | START UP GRANT FOR 2011-12 ($142,500 PLUS $7,500 TOWARDS BOARD TRAINING) | $142,500 |
| ROBERT TREAT ACADEMY CHARTER SCHOOL | |||||
| 443 CLIFTON AVENUE | NEWARK | NJ | 07104 | SUPPORT FOR THE LAUNCH AND EXPANSION OF ROBERT TREAT ACADEMY - CENTRAL | $105,722 |
| ROSEVILLE COMMUNITY CHARTER SCHOOL | |||||
| 540 ORANGE STREET | NEWARK | NJ | 07107 | START UP GRANT FOR 2011-12 ($142,500 PLUS $7,500 TOWARDS BOARD TRAINING) | $142,500 |
| TEACH FOR AMERICA | |||||
| 60 PARK PLACE | NEWARK | NJ | 07102 | PLACE AND SUPPORT UP TO 42 TEACHERS IN NEWARK'S CHARTER SECTOR | $415,000 |
| TEACHER U (UNCOMMON KNOWLEDGE) | |||||
| 99 UNIVERSITY PLACE 7TH FLOOR | NEW YORK | NY | 10003 | PLANNING WORK FOR NEWARK-BASED ALTERNATE CERTIFICATION PROGRAM | $54,000 |
| UNIVERSITY HEIGHTS CHARTER SCHOOL | |||||
| 74 HARTFORD STREET | NEWARK | NJ | 07103 | SUPPORT FOR THE MIDDLE SCHOOL EXPANSION OF UHCS | $180,000 |
| VISIONS ACADEMY | |||||
| 88 SHIPMAN ST | NEWARK | NJ | 07102 | SUBSIDY FOR INSTRUCTION AND CURRICULUM SUPPORT TO AUGMENT SCHOOL LEADERSHIP TEAM | $30,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Grant Or Contri Paid During Year | 2377897 | TotGrantOrContriPaidDuringYear |
| Tot Grant Or Contri Approved Future | 0 | TotGrantOrContriApprovedFuture |
Analysis Income Producing Acty AnalysisIncomeProducingActy
Int On Savings And Temp Cash Invst IntOnSavingsAndTempCashInvst
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion Code | 14 | ExclusionCode |
| Exclusion | $6,647 | ExclusionAmount |
Subtotals Part XVIA SubtotalsPartXVIA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Income | $0 | UnrelatedBusinessIncomeAmount |
| Exclusion | $6,647 | ExclusionAmount |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Part XVIA | 6647 | TotalPartXVIA |
Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Noncharitable EO | 0 | TrnsfrOfCashToNoncharitableEO |
| Trnsfr Oth Assets Noncharitable EO | 0 | TrnsfrOthAssetsNoncharitableEO |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssets |
| Purchase Assets Noncharitable EO | 0 | PurchaseAssetsNoncharitableEO |
| Rental Of Facilities Etc | 0 | RentalOfFacilitiesEtc |
| Reimbursement Arrangements | 0 | ReimbursementArrangements |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuarantees |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtc |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtc |
| Relationships Noncharitable E Os | 0 | RelationshipsNoncharitableEOs |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | X | Organization501c3ExemptPF |
| General Rule | X | GeneralRule |
Contributor Info ContributorInfo (5 entries)
| Contributor NumberContributorNumber | Contributor Name IndividualContributorNameIndividual | Address Line1ContributorAddressUS/AddressLine1 | CityContributorAddressUS/City | StateContributorAddressUS/State | ZIP CodeContributorAddressUS/ZIPCode | Aggregate ContributionsAggregateContributions | Person Contribution TypePersonContributionType |
|---|---|---|---|---|---|---|---|
| 1 | BILL AND MELINDA GATES FOUNDATION | PO BOX 23350 | SEATTLE | WA | 98102 | 808792 | X |
| 2 | DORIS AND DONALD FISHER FUND | 1 MARITIME PLAZA SUITE 1550 | SAN FRANCISCO | CA | 94111 | 808792 | X |
| 3 | LAURENE POWELL JOBS | 101 YGNACIO VALLEY ROAD SUITE 310 | WALNUT CREEK | CA | 94596 | 404396 | X |
| 4 | ROBERTSON FOUNDATION | 101 PARK AVENUE | NEW YORK | NY | 10178 | 808792 | X |
| 5 | WALTON FAMILY FOUNDATION | PO BOX 2030 | BENTONVILLE | AR | 72712 | 1647681 | X |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees AccountingFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING FEES | Category |
| Amount | $39,651 | Amount |
| Net Investment Income | 0 | NetInvestmentIncome |
| Adjusted Net Income | 0 | AdjustedNetIncome |
| Disbursements Charitable Prps | 39651 | DisbursementsCharitablePrps |
Other Assets Schedule OtherAssetsSchedule
Other Assets OtherAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | DEPOSITS | Description |
| BOY Book Value | 6130 | BOYBookValue |
| EOY Book Value | 6130 | EOYBookValue |
| EOYFMV | 6130 | EOYFMV |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | Revenue And Expenses Per BooksRevenueAndExpensesPerBooks | Net Investment IncomeNetInvestmentIncome | Adjusted Net IncomeAdjustedNetIncome | Disbursements Charitable PrpsDisbursementsCharitablePrps |
|---|---|---|---|---|
| OFFICE SUPPLIES AND MATERIALS | 123098 | 0 | 0 | 123098 |
| COMPUTER SUPPORT AND EXPENSE | 2261 | 0 | 0 | 2261 |
| INSURANCE | 10645 | 0 | 0 | 10645 |
| TELEPHONE | 21995 | 0 | 0 | 21995 |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | REFUNDABLE ADVANCES | Description |
| BOY Book Value | 5980546 | BOYBookValue |
| EOY Book Value | 2340982 | EOYBookValue |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees OtherProfessionalFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | CONSULTING FEES | Category |
| Amount | $851,713 | Amount |
| Net Investment Income | 0 | NetInvestmentIncome |
| Adjusted Net Income | 0 | AdjustedNetIncome |
| Disbursements Charitable Prps | 851713 | DisbursementsCharitablePrps |
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