Classical Academy Charter School Of Clifton Inc
- Assets
- $2.0m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 42
- Location
- Clifton, NJ
- Founding
- 05/2002
- Data as of
- 06/2021
- EIN
- 22-3568322
Organization Overview
Classical Academy Charter School Of Clifton Inc is located in Clifton, NJ. The organization was established in 2002. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2021, Classical Academy Charter School Of Clifton Inc employed 42 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Classical Academy Charter School Of Clifton Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Classical Academy Charter School Of Clifton Inc generated $3.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.4% each year . All expenses for the organization totaled $2.4m during the year ending 06/2021. While expenses have increased by 8.0% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE CLASSICAL ACADEMY CHARTER SCHOOL OF CLIFTON'S (THE "CHARTER SCHOOL") MISSION IS TO BLEND CORE TRADITIONAL LEARNING FOUNDATIONS AND MODERN DAY EDUCATIONAL INITIATIVES TO CREATE A PROGRESSIVE LEARNING ENVIRONMENT. THROUGH THE FUSION OF A CURRICULUM DEEPLY ROOTED IN HUMANITIES AND LIBERAL ARTS AND OUR COMPREHENSIVE MATHEMATICS AND SCIENCE PROGRAM, CLASSICAL ACADEMY STRIVES TO FOSTER NOT ONLY SCHOLASTIC ACHIEVEMENTS BUT ALSO THE GROWTH OF OUR STUDENTS AS FUTURE LEADERS THROUGH THE INFUSION OF CORE VALUES AND POSITIVE SOCIAL LEARNING EXPERIENCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CLASSICAL ACADEMY CHARTER SCHOOL OF CLIFTON PROVIDED A FULL-RANGE EDUCATIONAL SERVICES TO 167 STUDENTS IN SY 2019-2020. THE CHARTER SCHOOL'S THREE-YEAR ACADEMIC PROGRAM IN GRADES 6, 7 AND 8 AND ITS PRACTICES AND POLICIES CONTINUE TO PROVE HIGHLY EFFECTIVE IN PRODUCING HIGH STUDENT LEARNING AT LOST COST ABOUT 60%-70% OF THE PREVAILING NORTH JERSEY 'PER PUPIL COST'. FOR FIVE OF THE LAST SIX YEARS, 100% OF 8TH GRADE STUDENTS PASSED ALL THREE TESTED SUBJECTS (LANGUAGE ARTS, MATHEMATICS, AND SCIENCE) ON THE STATE-MANDATED 'ASK-8' TEST; AND THE YEAR (2015) WHEN NOT EVERY STUDENT PASSED EVERY SUBJECT, OUR ASK-8 'CONTINUED PASSING RATE WAS HIGH AT 97% IN BOTH LANGUAGE ARTS AND SCIENCE, AND 94% IN MATHEMATICS.
THE CHARTER SCHOOL IMPLEMENTED THE EVERY STUDENT SUCCEEDS ACT (ESSA)SUCCESSFUL YOUNG CHARTER SCHOOL WITH GREAT PROMISE FOR THE FUTURE. WITHA FOCUS ON LEADERSHIP, CIVICS, COMMUNITY SERVICE AND ACADEMICS, THECHARTER SCHOOL MAINTAINS A LARGE WAITING LIST FOR ENTRANCE AND IS ARMEDWITH A STRONG BOARD, EXPERIENCED STAFF, SIGNIFICANT SEED FUNDING, AWELL-DEVELOPED MISSION AND ACCOMPANYING CORE VALUES.AND THE IDEA PROGRAMS. THESE PROGRAMS WERE ENACTED BY CONGRESS TOPREAUTHORIZE THE ELEMENTARY AND SECONDARY EDUCATION ACT WITH MAJORFOCUS ON PROVIDING ALL CHILDREN WITH FAIR, EQUAL AND SIGNIFICANTOPPORTUNITY TO HAVE A HIGH QUALITY EDUCATION THROUGH ENRICHMENT ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Paul Semegran Lead Person | Officer | 40 | $36,683 |
Hector Berrios Sba/board Secretary | Officer | 5 | $30,000 |
Christine Saliba Vice President | OfficerTrustee | 2 | $0 |
Shamira Drakefold President | OfficerTrustee | 2 | $0 |
Michelle Traina Board Member | Trustee | 2 | $0 |
Kirsten Doll Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $570,063 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $570,063 |
| Total Program Service Revenue | $1,910,614 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $882,183 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,369,000 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $153,767 |
| Compensation of current officers, directors, key employees. | $153,767 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $786,345 |
| Pension plan accruals and contributions | $489,016 |
| Other employee benefits | $122,998 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $48,931 |
| Fees for services: Accounting | $19,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $238,766 |
| Advertising and promotion | $0 |
| Office expenses | $133,361 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $340,130 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,116 |
| Insurance | $0 |
| All other expenses | $34,652 |
| Total functional expenses | $2,371,332 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,694,005 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $200,154 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $44,633 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $67,668 |
| Total assets | $2,006,460 |
| Accounts payable and accrued expenses | $129,320 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $141,952 |
| Total liabilities | $271,272 |
| Net assets without donor restrictions | $1,735,188 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,006,460 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Classical Academy Charter School Of Clifton Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
New Jersey Charter Public Schools Association A New Jersey Non-Profi Hamilton, NJ PURPOSE: COVID RELIEF GRANT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Executive Education Academy Charter School Allentown, PA | $63,584,076 | $23,169,797 |
Foundation Academy Charter School Trenton, NJ | $16,120,573 | $21,345,321 |
Albany Academy Albany, NY | $58,726,077 | $27,181,105 |
Tatnall School Inc Wilmington, DE | $48,687,568 | $19,526,911 |
Elisabeth Morrow School Englewood, NJ | $43,835,854 | $20,290,882 |
Yeshiva Ktana Of Passaic Passaic, NJ | $33,764,196 | $20,538,079 |
Franklintown Charter High School Philadelphia, PA | $47,616,708 | $24,090,071 |
Nichols School Of Buffalo Buffalo, NY | $102,003,479 | $42,213,694 |
Yeshiva Shaare Torah Inc Brooklyn, NY | $32,363,623 | $20,724,747 |
Yeshivat Heatid Inc Teaneck, NJ | $17,160,980 | $19,921,065 |
Ideal School Of Manhattan New York, NY | $22,538,816 | $19,239,739 |
Peck School Morristown, NJ | $71,516,691 | $18,101,005 |