ACADEMY CHARTER SCHOOL 2: Form 990, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- ACADEMY CHARTER SCHOOL 2 (EIN 87-3399013)
- Tax period
- 2024-07-01 to 2025-06-30
- Filed
- 2026-05-06
- IRS object ID
- 202611269349302131
- Schema version
- 2024v5.2
- 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
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule J
- Schedule K
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2026-05-06T10:44:10-07:00 | ReturnTs |
| Tax Period End | 2025-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 810926770 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NCHENG LLP CERTIFIED PUBLIC ACCOUNTANTS | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 40 WALL ST 32ND FL | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10005 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2024-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 873399013 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE ACADEMY CHARTER SCHOOL 2 | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | ACAD | BusinessNameControlTxt |
| Phone | 5164082200 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 117 N FRANKLIN STREET | AddressLine1Txt |
| City | HEMPSTEAD | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 11550 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Alwayne Burke | PersonNm |
| Person Title | Group CFO | PersonTitleTxt |
| Signature | 2026-05-06 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (true) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Miaoling Lin | PreparerPersonNm |
| PTIN | P00431817 | PTIN |
| Phone | 2127850100 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | BARRINGTON GOLDSON | PrincipalOfficerNm |
| Gross Receipts | $10,906,699 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | http://www.academycharterschool.org/ | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2021 | FormationYr |
| Legal Domicile State | NY | LegalDomicileStateCd |
| Activity Or Mission | The School's mission is to create world class competitive scholars who will Learn today, lead tomorrow, and serve in the future. the school seeks to graduate students with the content mastery and life skills needed to excel post-graduation and to position the students in the top five percent of their graduating classes, respectively, in new york. | ActivityOrMissionDesc |
| Voting Members Governing Body | 10 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 7 | VotingMembersIndependentCnt |
| Total Employee | 91 | TotalEmployeeCnt |
| Total Volunteers | 10 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| PY Contributions Grants | $215,221 | PYContributionsGrantsAmt |
| CY Contributions Grants | $749,010 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $4,381,376 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $10,157,689 | CYProgramServiceRevenueAmt |
| CY Investment Income | $0 | CYInvestmentIncomeAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $4,596,597 | PYTotalRevenueAmt |
| CY Total Revenue | $10,906,699 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $2,905,329 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $6,717,437 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $3,122,501 | PYOtherExpensesAmt |
| CY Other Expenses | $7,416,575 | CYOtherExpensesAmt |
| PY Total Expenses | $6,027,830 | PYTotalExpensesAmt |
| CY Total Expenses | $14,134,012 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$1,431,233 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$3,227,313 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $9,082,253 | TotalAssetsBOYAmt |
| Total Assets EOY | $46,860,939 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $10,918,475 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $51,924,474 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | -$1,836,222 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | -$5,063,535 | NetAssetsOrFundBalancesEOYAmt |
| Mission | The mission of TACS2 is to offer an interdisciplinary curriculum in a technology-rich environment that challenges students to explore connections across subjects and use experiential learning to bridge the gaps between theory and practice. Enrollment is open to all potential student candidates, with a preference for those residing in the immediate area. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $11,305,672 | ExpenseAmt |
| Desc | The Schools instructional program is specifically designed to meet all of the New York State Next Generation Standards in English Language Arts, Mathematics, as well as New York State Standards for Science and Social Studies. It is The Schools goal to meet and exceed student performance and assessment standards in students. Instruction is age/grade appropriate with a strong emphasis on the development of students social and academic skills through character building activities. The curricula are focused on building content knowledge and skills to satisfy the requirements for both college preparation and career readiness, and include a strong emphasis on Science, Technology, Engineering and Mathematics (STEM).TACS2 plans to use at the Wyandanch Campus the same curricula currently utilized at the various grades at TACS1s existing elementary school operations in Hempstead and Uniondale.The School offers interdisciplinary curricula that address the academic needs of all students. The Schools curricula are research-based in reading, writing, mathematics, social studies, science, and STEM. Teachers use state of the art presentation technology (interactive boards, document cameras, and related components that enhance instruction and learning) in all subject areas to enhance and differentiate instruction providing multimodal, hands-on, and real-life experiences. Each classroom is equipped with computers. Computer-based instructional programs are used to provide intervention and enrichment opportunities for students. There is a strong emphasis placed on writing in all subject areas.The instructional program caters to the individual academic needs of each child. The use of data through ongoing assessments provides real time information to inform instruction. The information that is gathered is used to provide academic intervention services for struggling students as well as enrichment and challenging activities for all students. | Desc |
| Total Program Service Expenses | $11,305,672 | 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 | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (true) | 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 | Yes (true) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | false | InvestTaxExemptBondsInd |
| Escrow Account | false | EscrowAccountInd |
| On Behalf Of Issuer | false | OnBehalfOfIssuerInd |
| 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 | Yes (true) | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 24 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 91 | 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 |
| Form8282 Filed | 0 | Form8282FiledCnt |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Form8899 Filedind | false | Form8899Filedind |
| Form1098 C Filed | false | Form1098CFiledInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 10 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 7 | 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 | Yes (true) | LocalChaptersInd |
| Policies Reference Chapters | Yes (true) | PoliciesReferenceChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | NY | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | THE ACADEMY CHARTER SCHOOL 2 | PersonNm |
| Phone | 5164082200 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 117 N FRANKLIN STREET | AddressLine1Txt |
| City | HEMPSTEAD | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 11550 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (21 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd |
|---|---|---|---|---|---|---|---|
| Dr Nicholas Stapleton | |||||||
| CAO | 1.00 | 40.00 | Yes (X) | $0 | $365,602 | $48,538 | |
| Bishop Barrington Goldson | |||||||
| CEO | 1.00 | 40.00 | Yes (X) | $0 | $341,115 | $26,165 | |
| Sandrea ONeil | |||||||
| General Council | 1.00 | 40.00 | Yes (X) | $0 | $293,068 | $43,161 | |
| Alwayne Burke | |||||||
| Group CFO | 1.00 | 40.00 | Yes (X) | $0 | $291,465 | $41,408 | |
| Wayne Haughton | |||||||
| ED/CDO | 1.00 | 40.00 | Yes (X) | $0 | $292,852 | $33,693 | |
| Felicia Barracks | |||||||
| COO | 1.00 | 40.00 | Yes (X) | $0 | $182,106 | $26,118 | |
| Quinton Dupree | |||||||
| Principal | 40.00 | 0.00 | $167,935 | $0 | $27,250 | ||
| Carl Johnson | |||||||
| CFO | 1.00 | 40.00 | Yes (X) | $0 | $174,732 | $7,182 | |
| Donovan Henry | |||||||
| CFO | 1.00 | 40.00 | Yes (X) | $0 | $131,720 | $18,726 | |
| Tyisha Wilson | |||||||
| Asst. Principal | 40.00 | 0.00 | $110,973 | $0 | $21,161 | ||
| Carla Hemingway-king | |||||||
| Instr. Coach | 40.00 | 0.00 | $110,258 | $0 | $14,790 | ||
| Robert Stewart | |||||||
| Board Chair | 1.00 | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| Dawn West | |||||||
| Vice Chair | 1.00 | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| Dale James | |||||||
| Treasurer | 1.00 | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| Stephen Rowley | |||||||
| Trustee | 1.00 | 0.00 | $0 | $0 | $0 | Yes (X) | |
| Roderick Roberts | |||||||
| Trustee | 1.00 | 1.00 | $0 | $0 | $0 | Yes (X) | |
| Marie Graham | |||||||
| Trustee | 1.00 | 1.00 | $0 | $0 | $0 | Yes (X) | |
| Dorothy Burton | |||||||
| Trustee | 1.00 | 1.00 | $0 | $0 | $0 | Yes (X) | |
| Dr Roger Ball | |||||||
| Trustee | 1.00 | 1.00 | $0 | $0 | $0 | Yes (X) | |
| Carol Beckles | |||||||
| Trustee | 1.00 | 1.00 | $0 | $0 | $0 | Yes (X) | |
| Claudette Harrison | |||||||
| Trustee | 1.00 | 1.00 | $0 | $0 | $0 | Yes (X) | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $389,166 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $2,072,660 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $308,192 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 3 | 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 |
|---|---|---|---|---|---|
| USA COACH BUSES | |||||
| 1282 RICHMOND ROAD | STATEN ISLAND | NY | 10304 | TRANSPORATION SERVICES | $214,072 |
| ALL DELIVERY SERVICE | |||||
| 7 HAROLD AVENUE | HEMPSTEAD | NY | 11550 | TRANSPORTATION SERVICES | $248,372 |
| COMBINED RESOURCES & CONSULTING | |||||
| 155 FIRST STREET SUITE 102 | MINEOLA | NY | 11501 | CONSTRUCTION SERVICES | $355,768 |
| FORCHELLI DEEGAN TERRANA | |||||
| 333 EARLE OVINGTON BLVD SUITE 1010 | UNIONDALE | NY | 11553 | LEGAL SERVICES | $210,379 |
| SJR SECURITY CONSULTANTS LLC | |||||
| 1395 JERUSALM AVENUE | MERRICK | NY | 11566 | SECURITY SERVICES | $190,302 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 5 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $637,881 | GovernmentGrantsAmt |
| All Other Contributions | $111,129 | AllOtherContributionsAmt |
| Total Contributions | $749,010 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| FOOD PROGRAM | 611710 | $638,808 | $638,808 |
| STUDENT ENROLLMENT | 611710 | $9,518,881 | $9,518,881 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $10,157,689 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Net Income From Gaming NetIncomeFromGamingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $0 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $10,906,699 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $10,157,689 | RelatedOrExemptFuncIncomeAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,314,844 | TotalAmt |
| Program Services | $4,215,182 | ProgramServicesAmt |
| Management And General | $1,099,662 | ManagementAndGeneralAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $102,509 | TotalAmt |
| Program Services | $81,300 | ProgramServicesAmt |
| Management And General | $21,209 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $872,568 | TotalAmt |
| Program Services | $692,030 | ProgramServicesAmt |
| Management And General | $180,538 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $427,516 | TotalAmt |
| Program Services | $343,392 | ProgramServicesAmt |
| Management And General | $84,124 | ManagementAndGeneralAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $110,000 | TotalAmt |
| Management And General | $110,000 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $49,408 | TotalAmt |
| Program Services | $47,021 | ProgramServicesAmt |
| Management And General | $2,387 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $42,271 | TotalAmt |
| Management And General | $42,271 | ManagementAndGeneralAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $603,641 | TotalAmt |
| Program Services | $244,745 | ProgramServicesAmt |
| Management And General | $358,896 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $108,243 | TotalAmt |
| Program Services | $108,243 | ProgramServicesAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $16,500 | TotalAmt |
| Program Services | $13,087 | ProgramServicesAmt |
| Management And General | $3,413 | ManagementAndGeneralAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,381,272 | TotalAmt |
| Program Services | $1,095,481 | ProgramServicesAmt |
| Management And General | $285,791 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,177,600 | TotalAmt |
| Program Services | $933,948 | ProgramServicesAmt |
| Management And General | $243,652 | ManagementAndGeneralAmt |
Payments To Affiliates PaymentsToAffiliatesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,000,876 | TotalAmt |
| Program Services | $793,791 | ProgramServicesAmt |
| Management And General | $207,085 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $52,312 | TotalAmt |
| Program Services | $52,312 | ProgramServicesAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| STUDENT SERVICES | $832,491 | $832,491 | |
| REPAIRS & MAINTENANCE | $703,965 | $562,197 | $141,768 |
| FOOD SERVICE | $601,917 | $601,917 | |
| SUPPLIES | $401,822 | $401,200 | $622 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $334,257 | TotalAmt |
| Program Services | $287,335 | ProgramServicesAmt |
| Management And General | $46,922 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $14,134,012 | TotalAmt |
| Program Services | $11,305,672 | ProgramServicesAmt |
| Management And General | $2,828,340 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $669,023 | BOYAmt |
| EOY | $1,499,096 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $5,250,471 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $314,681 | BOYAmt |
| EOY | $128,723 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $496,590 | BOYAmt |
| EOY | $1,685,550 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $14,650 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $36,542,972 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $1,634,255 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,287,513 | BOYAmt |
| EOY | $34,908,717 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $1,948,223 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $314,446 | BOYAmt |
| EOY | $1,425,509 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,082,253 | BOYAmt |
| EOY | $46,860,939 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $933,269 | BOYAmt |
| EOY | $2,546,224 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,179,963 | BOYAmt |
| EOY | $39,250,000 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $300,000 | BOYAmt |
| EOY | $805,000 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,505,243 | BOYAmt |
| EOY | $9,323,250 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,918,475 | BOYAmt |
| EOY | $51,924,474 | 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 | -$1,836,222 | BOYAmt |
| EOY | -$5,063,535 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -$1,836,222 | BOYAmt |
| EOY | -$5,063,535 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,082,253 | BOYAmt |
| EOY | $46,860,939 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$3,227,313 | ReconcilationRevenueExpnssAmt |
| 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 | false | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $2,776,000 | OtherCostOrOtherBasisAmt |
| Book Value | $2,776,000 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $30,382,026 | OtherCostOrOtherBasisAmt |
| Depreciation | $737,419 | DepreciationAmt |
| Book Value | $29,644,607 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $104,749 | OtherCostOrOtherBasisAmt |
| Depreciation | $35,842 | DepreciationAmt |
| Book Value | $68,907 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $2,118,146 | OtherCostOrOtherBasisAmt |
| Depreciation | $722,116 | DepreciationAmt |
| Book Value | $1,396,030 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,162,051 | OtherCostOrOtherBasisAmt |
| Depreciation | $138,878 | DepreciationAmt |
| Book Value | $1,023,173 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $34,908,717 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | DUE TO AFFILIATE | Desc |
| Amt | $9,323,250 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $9,323,250 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $10,906,699 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Subtotal | $10,906,699 | RevenueSubtotalAmt |
| Total Revenue Per Form990 | $10,906,699 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $14,134,012 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Subtotal | $14,134,012 | ExpensesSubtotalAmt |
| Total Expenses Per Form990 | $14,134,012 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part X : FIN48 Footnote | FormAndLineReferenceDesc |
| Explanation | TACS2 is exempt from income taxes under 501(c)(3) of the Internal Revenue Code (the Code). TACS2 has analyzed tax positions taken for filing with the Internal Revenue Service and state jurisdictions where it operates. TACS2 does not anticipate any significant uncertain tax positions that would require recognition in the financial statements. Periods ending June 30, 2022 and subsequent remain subject to examination by the taxing authorities. | ExplanationTxt |
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 | false | 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 (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized | The school adhereS to the provisions of Section 2854 (2) of the Education Law to guide the admission policies and procedures.The school is open to any student who is qualified under the laws of New York for admission to a public school. Admission of students IS not limited on the basis of intellectual ability, measures of achievement or aptitude, athletic ability, disability, race, creed, national origin, religion, ancestry, proficiency in English or any other ground that would be unlawful. In short, there will be no admission requirements and no tests of any sort will be given to determine whether or not admission will be granted. |
| Schedule E, Line 4 - Explanation of Records and Materials Not Maintained | THE SCHOOL IS GEARED TOWARDS KINGDERGARTEN TO 8th GRADE STUDENTS IN WHICH THEY DO NOT OFFER SCHOLARSHIPS. THEREFORE, RECORDS DOCUMENTING SCHOLARSHIPS ARE NOT APPLICABLE. |
| Schedule E, Line 5 - Explanation of Organization Discrimination by Race | |
| Schedule E, Line 6 - Explanation of Aid or Assistance from Governmental Agency | SCHEDULE E- EXPLANATION FOR LINE 6ATHE SCHOOL APPLIES FOR VARIOUS GOVERNMENT GRANTS EACH YEAR WHICH ARE BASED ON SEVERAL FACTORS SUCH AS TOTAL STUDENTS ENROLLED IN THE SCHOOL. REIMBURSEMENT UNDER PER-PUPIL GRANTS IS THE RESULT OF THE CALCULATION OF FULL-TIME EQUIVALENT STUDENTS ATTENDING THE SCHOOL MULTIPLIED BY A RATE DETERMINDED EACH YEAR BY NEW YORK STATE. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| 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 (9 entries)
| TitleTitleTxt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt |
|---|---|---|---|---|---|---|---|---|---|
| Alwayne Burke | |||||||||
| Group CFO | $256,561 | $34,904 | $9,749 | $31,659 | $332,873 | ||||
| Bishop Barrington Goldson | |||||||||
| CEO | $285,484 | $55,631 | $13,071 | $13,094 | $367,280 | ||||
| Carl Johnson | |||||||||
| CFO | $161,132 | $13,600 | $6,347 | $835 | $181,914 | ||||
| Donovan Henry | |||||||||
| CFO | $131,720 | $6,078 | $12,648 | $150,446 | |||||
| Dr Nicholas Stapleton | |||||||||
| CAO | $330,688 | $34,914 | $15,326 | $33,212 | $414,140 | ||||
| Felicia Barracks | |||||||||
| COO | $163,868 | $18,238 | $7,151 | $18,967 | $208,224 | ||||
| Quinton Dupree | |||||||||
| Principal | $167,935 | $5,755 | $21,495 | $195,185 | |||||
| Sandrea ONeil | |||||||||
| General Council | $258,168 | $34,900 | $12,043 | $31,118 | $336,229 | ||||
| Wayne Haughton | |||||||||
| ED/CDO | $257,837 | $35,015 | $12,669 | $21,024 | $326,545 | ||||
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (3 entries)
| Bond ReferenceBondReferenceCd | Bond Issuer EINBondIssuerEIN | CUSIPCUSIPNum | Bond IssuedBondIssuedDt | Issue PriceIssuePriceAmt | PurposePurposeDesc | DefeasedDefeasedInd | On Behalf Of IssuerOnBehalfOfIssuerInd | Pool FinancingPoolFinancingInd |
|---|---|---|---|---|---|---|---|---|
| TOWN OF BABYLON LD CORP | ||||||||
| A | 116001924 | 05618TAA7 | 2023-07-27 | $4,765,000 | ACQ./CONST. SCHOOL BLDG | false | false | false |
| TOWN OF BABYLON LD CORP | ||||||||
| B | 116001924 | 05618TAB5 | 2023-07-27 | $11,970,000 | ACQ./CONST. SCHOOL BLDG | false | false | false |
| TOWN OF BABYLON LD CORP | ||||||||
| C | 116001924 | 05618TAC3 | 2023-07-27 | $22,515,000 | ACQ./CONST. SCHOOL BLDG | false | false | false |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (3 entries)
| Bond ReferenceBondReferenceCd | Total ProceedsTotalProceedsAmt | In Reserve FundInReserveFundAmt | Capitalized InterestCapitalizedInterestAmt | Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt | Refunding Tax Exempt BondsRefundingTaxExemptBondsInd | Refunding Taxable BondsRefundingTaxableBondsInd | Final Allocation MadeFinalAllocationMadeInd | Adequate Books And Rec MaintAdequateBooksAndRecMaintInd |
|---|---|---|---|---|---|---|---|---|
| A | $4,693,525 | $4,357,577 | $274,790 | $61,158 | false | false | Yes (true) | Yes (true) |
| B | $11,790,450 | $10,946,525 | $690,291 | $153,634 | false | false | Yes (true) | Yes (true) |
| C | $22,177,275 | $20,589,893 | $1,298,405 | $288,978 | false | false | Yes (true) | Yes (true) |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (3 entries)
| Bond ReferenceBondReferenceCd | Owning Bond Financed PropertyOwningBondFinancedPropertyInd | Any Lease ArrangementsAnyLeaseArrangementsInd | Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd | Engage Bond Counsel ContractsEngageBondCounselContractsInd | Any Research AgreementsAnyResearchAgreementsInd | Engage Bond Counsel ResearchEngageBondCounselResearchInd | Change In Use Bond Financed PropChangeInUseBondFinancedPropInd |
|---|---|---|---|---|---|---|---|
| A | false | false | false | false | false | false | false |
| B | false | false | false | false | false | false | false |
| C | false | false | false | false | false | false | false |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (3 entries)
| Bond ReferenceBondReferenceCd | Form8038 T FiledForm8038TFiledInd | Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd |
|---|---|---|
| A | Yes (true) | false |
| B | Yes (true) | false |
| C | Yes (true) | false |
Procedures Corrective Action ProceduresCorrectiveActionGrp (3 entries)
| Bond ReferenceBondReferenceCd | Procedures Corrective ActionProceduresCorrectiveActionInd |
|---|---|
| A | Yes (true) |
| B | Yes (true) |
| C | Yes (true) |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part VI | FormAndLineReferenceDesc |
| Explanation | ON JULY 27, 2023, THE TOWN OF BABYLON L.D. CORPORATION II PROVIDED FINANCING THROUGH THE ISSUANCE OF $39,250,000 IN TAX-EXEMPT EDUCATION REVENUE BONDS (THE SERIES 2023A BONDS), BEARING INTEREST FROM 5.75% TO 6.65% PER ANNUM, WITH PRINCIPAL DUE AT VARYING AMOUNTS ANNUALLY THROUGH MATURITY ON FEBRUARY 1, 2053, AS WELL AS A $805,000 TAXABLEEDUCATION REVENUE BOND (THE SERIES 2023B BONDS), BEARING INTEREST AT 7.25% DUE AT VARYING AMOUNTS ANNUALLY THROUGH MATURITY ON FEBRUARY 1, 2027.OF THE TOTAL BOND PROCEEDS OF $40,055,000, The academy charter school 2 ("TACS2") WAS ALLOCATED $7,179,963 IN ORDER TO REFINANCE THE LOANS OBTAINED FOR THE EARLY LEARNING FACILITY. $6,246,157 OF THE PROCEEDS WERE USED TO REPAY TACS FOR THE FUNDS LOANED TO TACS2 FOR THE COSTS OF ACQUISITION AND RENOVATION OF AN APPROXIMATELY 9,800 SQUARE FEET 1-STORY BUILDING FOR THE EARLY LEARNING FACILITY. $933,806 WAS USED TO PAY OFF THE OUTSTANDING MORTGAGE BALANCE ON THE EARLY LEARNING FACILITY. THE REMAINING PROCEEDS FROM THE $40,055,000 BOND ISSUANCE ALLOCATED TO Friends of the academy, Inc. ("FOTA") WERE USED FOR THE ACQUISITION OF LAND, EQUIPMENT, FURNISHINGS, AND THE CONSTRUCTION COSTS OF THE NEW SCHOOL FACILITY. PRIOR TO CLOSING ON THE BONDS, TACS2 DISBURSED $4,602,330 TO ATTORNEYS, ARCHITECTS, ENGINEERS, AND THE CONTRACTOR FROM FUNDS WHICH WERE BORROWED FROM TACS. AT CLOSING, THESE COSTS WERE REIMBURSED TO TACS2, WHO SUBSEQUENTLY REPAID TACS.The Academy Charter School ("TACS"), and TACS2, are co-obligors on all outstanding bond series including the 2023 bond series. As of February 27, 2025, title of the New School Facility was transferred to TACS2. This transfer of title released FOTA from all obligations relating to the 2023 bond series.As of June 30, 2025, the total outstanding bond principal amount was $40,055,000. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part VI, Section B, Line 11b | THE DRAFT 990 IS FIRST REVIEWED BY CFO AND GROUP CFO OF THE SCHOOL. THE DRAFT IS THEN CIRCULATED TO BOARD MEMBERS FOR THEIR REVIEW AND COMMENTS PRIOR TO FILING THE 990. |
| Form 990, Part VI, Section B, Line 12c | DESCRIPTION OF PROCESS TO MONITOR TRANSACTIONS FOR CONFLICTS OF INTEREST.A. EACH COVERED PERSON SHALL ANNUALLY SIGN A STATEMENT THAT AFFIRMS THAT SUCH PERSON: 1. HAS RECEIVED A COPY OF THE POLICY. 2. HAS READ AND UNDERSTANDS THE POLICY. 3. HAS AGREED TO COMPLY WITH THE POLICY, AND 4. UNDERSTANDS THAT THE CORPORATION IS A CHARITABLE ORGANIZATION AND THAT IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION AND THE TRUST OF THE PUBLIC IT MUST DILIGENTLY AVOID CONFLICTS OF INTEREST OR THE APPEARANCE OF ANY CONFLICT AND ENGAGE PRIMARILY IN ACTIVITIES THAT ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES.B. THIS POLICY SHALL BE REVIEWED ANNUALLY FOR THE INFORMATION AND GUIDANCE OF COVERED PERSONS, AND ANY NEW COVERED PERSON SHALL BE ADVISED OF THE POLICY UPON BECOMING A COVERED PERSON AND SHALL FILE AN ANNUAL STATEMENT WITH THE CORPORATION.C. TO FURTHER THE PURPOSE OF THE DISCLOSURE PROVISIONS OF THIS POLICY. |
| Form 990, Part VI, Section B, Line 15a | THE SALARY BUDGET IS PREPARED AT THE RECOMMENDATION OF THE PRINCIPAL AND BOARD FINANCE COMMITTE. OTHER TEACHER SALARY SCALES, INCLUDING THE DOE ARE TAKEN INTO ACCOUNT WHEN DETERMINING SALARIES. |
| Form 990, Part VI, Section C, Line 19 | ALL THE PUBLIC DOCUMENTS ARE AVAILABLE UPON REQUEST. ALSO, THE ORGANIZATION TIMELY FILED ITS INITIAL NYS CHAR 500 ANNUAL REPORT WITH THE OFFICE OF THE NY STATE ATTORNEY GENERAL AND ITS STATUS AS AN EXEMPT SCHOOL has been approved. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Exempt Code SectionExemptCodeSectionTxt | Public Charity StatusPublicCharityStatusTxt | Direct Controlling NADirectControllingNACd | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|---|---|
| THE ACADEMY CHARTER SCHOOL | ||||||||||
| 117 NORTH FRANKLIN STREET | HEMPSTEAD | NY | 11550 | 800353508 | CHARTER SCHOOL | NY | 501(C)(3) | 170(b)(1)(A)(ii) | N/A | false |
| FRIENDS OF THE ACADEMY INC | ||||||||||
| 117 NORTH FRANKLIN STREET | HEMPSTEAD | NY | 11550 | 473782216 | EDUCATION ENRICHMENT PROGRAMS | NY | 501(C)(3) | 170(b)(1)(A)(iv) | N/A | false |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | false | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | false | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | false | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | Yes (true) | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | Yes (true) | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | false | DivRelatedOrganizationInd |
| Asset Sale To Other Org | false | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | false | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | false | AssetExchangeInd |
| Rental Of Facilities To Oth Org | false | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | Yes (true) | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | false | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | false | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | false | SharingOfFacilitiesInd |
| Paid Employees Sharing | false | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | Yes (true) | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | Yes (true) | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | false | TransferToOtherOrgInd |
| Transfer From Other Org | Yes (true) | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (7 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| THE ACADEMY CHARTER SCHOOL | ||
| e | $11,537,364 | Amount owed |
| THE ACADEMY CHARTER SCHOOL | ||
| p | $4,708,668 | payment amounts |
| FRIENDS OF THE ACADEMY INC | ||
| d | $1,421,824 | PAID AMOUNT |
| FRIENDS OF THE ACADEMY INC | ||
| e | $32,875,037 | bond transfer |
| FRIENDS OF THE ACADEMY INC | ||
| k | $1,218,667 | rent paid |
| FRIENDS OF THE ACADEMY INC | ||
| q | $40,765 | amount paid |
| FRIENDS OF THE ACADEMY INC | ||
| s | $32,875,037 | carrying value |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | TRANSFER OF PROPERTY | FormAndLineReferenceDesc |
| Explanation | ON FEBRUARY 27, 2025, THE ORGANIZATION TRANSFERRED PROPERTY AND EQUIPMENT WITH A CARRYING VALUE OF $28,191,473 AND RESTRICTED CASH RESERVES REMAINING FROM BOND PROCEEDS OF $2,712,215 TO ITS SUPPORTING ORGANIZATION, FRIENDS OF THE ACADEMY, INC. ("FOTA") IN ACCORDANCE WITH THE DEVELOPMENT PLANNING SERVICE AGREEMENT, WHICH ALLOWED FOR THE TRANSFER OF TITLE BACK TO THE ORGANIZATION UPON DEVELOPMENT COMPLETION. IN CONNECTION WITH THE TRANSFER, THE ORGANIZATION ASSUMED BOND OBLIGATIONS WITH AN OUTSTANDING PRINCIPAL BALANCE OF $32,875,037 AND THE RELATED UNAMORTIZED DEBT ISSUANCE COSTS OF $1,971,349. THE TRANSACTION WAS BETWEEN RELATED ORGANIZATIONS DESCRIBED UNDER SECTION 501(C)(3), INVOLVED NO CONSIDERATION, AND DID NOT CONSTITUTE A SALE OR EXCHANGE. AMOUNTS REPORTED REFLECT CARRYING VALUES AND OUTSTANDING BALANCES AS OF FEBRUARY 27,2025. | ExplanationTxt |
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