2026-05-13T14:57:11-05:00 2025-06-30 042571780 AAFCPAS INC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2024-07-01 811625366 NORTH STAR ACADEMY FOUNDATION INC NORT 6467742150 100 CHURCH STREET 9TH FLOOR NEW YORK NY 10007 JOHN POWELL CFO 2033760656 2026-05-12 1 1 CAITLIN LIMOGES CPA P01633588 5083669100 2026-05-12 2024 2025-03-06 01:10:19Z JOHN POWELL 100 CHURCH STREET 9TH FLOOR NEW YORK NY 10007 13545663 0 X WWW.UNCOMMONSCHOOLS.ORG X 2016 NJ NSA FOUNDATION WAS FORMED TO SUPPORT NORTH STAR ACADEMY CHARTER SCHOOL OF NEWARK, BOTH OPERATIONALLY AND IN CONNECTION WITH THE ACQUISITION AND DEVELOPMENT OF FACILITIES. 5 4 0 4 0 0 1925537 1991080 11405235 11144046 245716 410537 0 0 13576488 13545663 1925537 1991080 0 0 0 0 0 0 0 11478064 12350800 13403601 14341880 172887 -796217 167952135 164077022 173855592 170824210 -5903457 -6747188 NSA FOUNDATION WAS FORMED TO SUPPORT NORTH STAR ACADEMY CHARTER SCHOOL OF NEWARK, BOTH OPERATIONALLY AND IN CONNECTION WITH THE ACQUISITION AND DEVELOPMENT OF FACILITIES. 0 0 14341880 1991080 11144046 EXPENSES INCURRED IN SUPPORTING NORTH STAR ACADEMY CHARTER SCHOOL OF NEWARK. PLEASE REFER TO FORM 990, PART III, LINE 1, FOR THE ORGANIZATION'S MISSION. 14341880 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 6 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 4 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NJ X JOHN POWELL 6467742150 100 CHURCH STREET 9TH FLOOR NEW YORK NY 10007 BRETT PEISER DIRECTOR/CO-CEO 1.00 46.00 X X 0 687895 50180 NORMAN ATKINS DIRECTOR 1.00 6.00 X 0 0 0 YVONNE CHAO DIRECTOR 1.00 2.00 X 0 0 0 BROOKE REID DIRECTOR 1.00 1.00 X 0 0 0 RAVI BELLUR DIRECTOR 1.00 0.00 X 0 0 0 JOHN POWELL CFO 1.00 45.00 X 0 325418 3500 PEGGY LIAO SENIOR DIRECTOR, FP&A 1.00 45.00 X 0 196544 8719 0 1209857 62399 0 0 1 0 0 1991080 1991080 RENTAL INCOME 531110 10095252 10095252 MANAGEMENT FEES 900099 895653 895653 INTEREST INCOME 900099 153141 153141 11144046 410537 410537 13545663 11144046 0 410537 1991080 1991080 1079147 1079147 870639 870639 42494 42494 5675732 5675732 4682788 4682788 14341880 14341880 0 0 10081241 10328346 912936 904574 139685 90932 183162269 42189336 145521793 140972933 11296480 11780237 167952135 164077022 1842640 2039748 2607313 2440318 53031811 60406557 22838846 19952450 93534982 85985137 173855592 170824210 X -5903457 -6747188 -5903457 -6747188 167952135 164077022 X -796217 -47514 X X 0 1 X 1 0 X 1055000 1226000 1925537 1991080 6197617 1055000 1226000 1925537 1991080 6197617 6197617 1153 848 152761 245716 410537 811015 7008632 55229978 0.88430 0.89610 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10099957 10099957 76783596 18718396 58065200 94667435 23078140 71589295 1611281 392800 1218481 140972933 RESTRICTED DEPOSITS 7373485 RIGHT-OF-USE ASSET - FINANCING LEASES 4017809 DUE FROM RELATED PARTIES 132706 CONSTRUCTION IN PROCESS 256237 11780237 FINANCING LEASE OBLIGATION 3901190 DUE TO RELATED PARTIES 836346 NOTES PAYABLE TO RELATED PARTIES 81172561 CONSTRUCTION ADVANCES 75040 85985137 X PART X, LINE 2: THE ORGANIZATION ACCOUNTS FOR THE UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ASC TOPIC, INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE CONSOLIDATED FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE ORGANIZATION HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS AT JUNE 30, 2025. 1 NORTH STAR ACADEMY 100 CHURCH STREET 9TH FLOOR NEW YORK NY 10007 134290294 GOVERNMENT ENTITY 1991080 0 TO FUND PROGRAMS AT THE SCHOOL 1 PART I, LINE 2: NORTH STAR ACADEMY FOUNDATION PROVIDES GRANTS TO NORTH STAR ACADEMY TO SUPPORT THE PROGRAMMING OR OTHER NEEDS OF THE SCHOOL. UNCOMMON SCHOOLS, INC. SERVES AS THE MANAGEMENT COMPANY FOR VARIOUS PARTIES THAT WILL BE THE ULTIMATE BENEFICIARY OF THESE GRANT FUNDS. THE USE OF THESE GRANT FUNDS IS MONITORED BY UNCOMMON SCHOOLS, INC.'S FINANCE PERSONNEL AS THEY MANAGE THE ACCOUNTING RECORDS OF THE PARTIES THAT RECEIVE THE GRANT FUNDS. 0 0 0 0 0 0 0 0 0 BRETT PEISER DIRECTOR/CO-CEO 0 687895 0 0 0 0 0 26000 0 24180 0 738075 0 0 JOHN POWELL CFO 0 300418 0 25000 0 0 0 3500 0 0 0 328918 0 0 PEGGY LIAO SENIOR DIRECTOR, FP&A 0 196544 0 0 0 0 0 0 0 8719 0 205263 0 0 PART I, LINE 3 THREE OF NORTH STAR ACADEMY FOUNDATION, INC.'S DIRECTORS AND/OR OFFICERS ARE EMPLOYEES OF UNCOMMON SCHOOLS, INC. THESE INDIVIDUALS ARE COMPENSATED ONLY FOR THEIR EMPLOYMENT SERVICES TO UNCOMMON SCHOOLS, INC. THE COMPENSATION IS PAID ONLY BY UNCOMMON SCHOOLS, INC. UNCOMMON SCHOOLS, INC.'S BOARD OF DIRECTORS HAS A COMPENSATION COMMITTEE ("THE COMMITTEE"). THE COMMITTEE COMPLETED A COMPARATIVE ANALYSIS OF SIMILAR ORGANIZATIONS WHICH IT USED AS GUIDANCE WHEN IT REVIEWED AND APPROVED COMPENSATION AND BENEFITS OF THE ORGANIZATION'S CO-CHIEF EXECUTIVE OFFICERS. THE COMMITTEE REVIEWED AND APPROVED THE TOTAL COMPENSATION OF THE INDIVIDUALS WHICH INCLUDED BOTH CURRENT AND DEFERRED COMPENSATION AND ALL EMPLOYEE BENEFITS, BOTH QUALIFIED AND NON-QUALIFIED. THE COMPENSATION AND BENEFITS OF CERTAIN OTHER INDIVIDUALS EMPLOYED BY UNCOMMON SCHOOLS, INC. ARE REVIEWED ANNUALLY BY THE CO-CHIEF EXECUTIVE OFFICERS WITH ASSISTANCE FROM UNCOMMON SCHOOLS, INC.'S HUMAN RESOURCES DEPARTMENT. THIS ANNUAL REVIEW OF SALARIES OCCURS DURING THE BUDGETING PROCESS. THE REVIEW INCLUDES A CONSIDERATION OF OBJECTIVE FACTORS DESIGNED TO ENSURE THAT REASONABLE AND FAIR COMPENSATION IS PAID BY UNCOMMON SCHOOLS, INC. THE OBJECTIVE FACTORS INCLUDE EACH INDIVIDUAL'S JOB RESPONSIBILITIES, COMPARABLE COMPENSATION DATA, MANAGER, PEER AND SELF REVIEW INFORMATION, AMONG OTHERS. A NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY 222045817 64577BL77 2017-10-25 26376594 FINANCING THE CONSTRUCTION OF REAL PROPERTY 0 1 0 B ESSEX COUNTY IMPROVEMENT AUTHORITY 222023989 29681CAM0 2020-10-29 31146334 FINANCING THE CONSTRUCTION OF REAL PROPERTY 0 1 0 C ESSEX COUNTY IMPROVEMENT AUTHORITY 222023989 29681CBJ6 2024-11-05 8526695 FINANCING THE CONSTRUCTION OF REAL PROPERTY 0 1 0 A 2585000 26376594 3546320 938650 526813 21364811 2019 0 0 1 1 B 1020000 31146334 3119912 295950 27730472 2018 0 0 1 1 C 8526695 491604 688213 7346878 2025 0 0 1 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 A 0 1 0 0 0 0 0 0 1 B 0 1 0 0 0 0 0 0 1 C 0 1 0 0 0 0 0 0 1 A 1 B 1 C 1 FORM 990, PART VI, SECTION A, LINE 7A THE INDEPENDENT DIRECTORS OF NORTH STAR ACADEMY FOUNDATION ARE APPOINTED BY THE BOARD OF TRUSTEES OF UNCOMMON SCHOOLS, INC. IN ADDITION, AS VACANCIES ARISE ON THE NORTH STAR ACADEMY FOUNDATION BOARD, THE BOARD OF TRUSTEES OF UNCOMMON SCHOOLS, INC. HAS THE RIGHT TO APPOINT THE INDEPENDENT DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE FEDERAL FORM 990 WAS PROVIDED TO THE BOARD OF DIRECTORS OF NORTH STAR ACADEMY FOUNDATION, INC. FOR REVIEW BY ITS MEMBERS PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REGULARLY MONITORS AND ENFORCES COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY. ANNUALLY ALL MEMBERS OF THE BOARD OF DIRECTORS, OFFICERS, KEY EMPLOYEES AND SENIOR MANAGEMENT PERSONNEL COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE. THE COMPLETED QUESTIONNAIRES ARE RETURNED TO THE ORGANIZATION'S SENIOR VICE PRESIDENT FOR REVIEW. THEREAFTER, IF ANY CONFLICTS ARE IDENTIFIED, THE SENIOR VICE PRESIDENT PREPARES A SUMMARY OF THE COMPLETED QUESTIONNAIRES FOR REVIEW WITH THE BOARD OF DIRECTORS. WHEN NECESSARY, PROCEDURES ARE CREATED FOR ADDRESSING ANY IDENTIFIED CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION C, LINE 19 NORTH STAR ACADEMY FOUNDATION, INC'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND CONSOLIDATED FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: FORGIVENESS OF DUE FROM RELATED PARTIES -47,514. FORM 990, PART XII, LINE 2C: THE ORGANIZATION DID NOT CHANGE THE OVERSIGHT PROCESS DURING THE TAX YEAR. 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