College Achieve Public Charter Schools Inc
- Assets
- $2.9m
- Revenue
- $10.4m
- Investments
- $0.0
- Employees
- 15
- Location
- Tinton Falls, NJ
- Founding
- 08/2014
- Data as of
- 06/2021
- EIN
- 45-4427652
Organization Overview
College Achieve Public Charter Schools Inc is located in Tinton Falls, NJ. The organization was established in 2014. According to its NTEE Classification (B19) the organization is classified as: Support N.E.C., under the broad grouping of Education and related organizations. As of 06/2021, College Achieve Public Charter Schools Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. College Achieve Public Charter Schools 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, College Achieve Public Charter Schools Inc generated $10.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 71.6% each year . All expenses for the organization totaled $8.6m during the year ending 06/2021. While expenses have increased by 69.9% 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
COLLEGE ACHIEVE PUBLIC CHARTER SCHOOLS WILL PREPARE STUDENTS FROM UNDERSERVED COMMUNITIES IN NEW JERSEY TO EXCEL AND GRADUATE FROM THE MOST COMPETITIVE COLLEGES AND UNIVERSITIES IN THE NATION. IT IS OUR HOPE THAT MANY OF OUR STUDENTS WILL RETURN HOME AFTER GRADUATION FROM COLLEGE AND BUILD A STRONGER, SAFER, AND MORE PROSPEROUS COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLEGE ACHIEVE PUBLIC CHARTER SCHOOLS, INC. STARTS, DEVELOPS, SUPPORTS, AND MANAGES PUBLIC CHARTER SCHOOLS IN THE STATE OF NEW JERSEY - INCLUDING DEVELOPING FACILITIES AND REAL ESTATE, HIRING ALL LEADERSHIP, PROVIDING THE CURRICULUM AND THE TRAINING. COLLEGE ACHIEVE'S MISSION IS TO PREPARE ALL OF ITS STUDENTS TO EXCEL IN AND GRADUATE FROM THE BEST COLLEGES AND UNIVERSITIES IN THE NATION. COLLEGE ACHIEVE PUBLIC CHARTER SCHOOLS, INC. HAS DEVELOPED NINE CHARTER SCHOOL FACILITIES AT MARKET OR BELOW MARKET RENTS FOR OUR K-12 PUBLIC CHARTER SCHOOLS IN THREE REGIONS OF THE STATE OF NEW JERSEY: PATERSON; PLAINFIELD AND NORTH PLAINFIELD; AND ASBURY PARK AND NEPTUNE TOWNSHIP. THIS PROPERTY DEVELOPMENT INCLUDES IN MOST INSTANCES SIGNIFICANT RENOVATIONS, FINANCING COSTS, AND CONSULTING AND LEGAL COSTS ARE FUNDED BY COLLEGE ACHIEVE PUBLIC CHARTER SCHOOLS, INC. OUT OF THE PROCEEDS OF THE RENTS, MANAGEMENT FEES AND FUNDRAISING.
TO PROVIDE THE ACADEMIC MODEL (TRAINING AND THE ACTUAL CURRICULUM) TO THE CHARTER SCHOOLS IN OUR NETWORK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Piscal CEO | Officer | 40 | $397,200 |
Gemar Mills Executive Di | Officer | 40 | $291,711 |
Jodi Mcinerney Executive Di | Officer | 40 | $241,189 |
Nadia Bennett Executive Di | Officer | 40 | $222,943 |
David Corso CFO | Officer | 40 | $222,724 |
Rachelle Mccloud Executive Di | 0 | $196,771 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
W&d Elite Cleaning Custodial | 6/29/21 | $142,500 |
Dennis Desormier Consulting | 6/29/21 | $105,370 |
Achieving Efficacy Consulting Llc Consulting | 6/29/21 | $123,204 |
Knj Maintenance Custodial | 6/29/21 | $187,741 |
Fox Rothschild Llp Legal | 6/29/21 | $106,172 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $10,421,988 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,421,988 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,980,442 |
| Pension plan accruals and contributions | $294,903 |
| Other employee benefits | $0 |
| Payroll taxes | $119,925 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $86,255 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,764,055 |
| Advertising and promotion | $196,018 |
| Office expenses | $54,507 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,873,782 |
| Travel | $50,834 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,344 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $27,132 |
| Insurance | $193,443 |
| All other expenses | $0 |
| Total functional expenses | $8,643,640 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $657,544 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $375,076 |
| 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 | $329,589 |
| Net Land, buildings, and equipment | $1,288,486 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $269,588 |
| Total assets | $2,920,283 |
| Accounts payable and accrued expenses | $458,591 |
| 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 | $142,305 |
| Other liabilities | $277,695 |
| Total liabilities | $878,591 |
| Net assets without donor restrictions | $2,041,692 |
| 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 | $2,920,283 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that College Achieve Public Charter Schools Inc has recieved totaling $1,447,187.
| Awarding Organization | Amount |
|---|---|
New Jersey Charter Public Schools Association A New Jersey Non-Profi Hamilton, NJ PURPOSE: CSP GRANT | $860,526 |
New Jersey Charter Public Schools Association A New Jersey Non-Profi Hamilton, NJ PURPOSE: CSP GRANT | $586,661 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Zearn Inc New York, NY | $36,079,361 | $33,394,711 |
Sruf Campus Housing Inc Slippery Rock, PA | $97,548,572 | $13,162,119 |
United Community Schools Inc New York, NY | $17,599,679 | $9,226,471 |
College Achieve Public Charter Schools Inc Tinton Falls, NJ | $2,920,283 | $10,421,988 |
Friends Of Hellenic Classical Charter Schools Inc Brooklyn, NY | $82,915,888 | $678,941 |
Student Achievement Partners Inc New York, NY | $8,247,794 | $7,455,301 |
Kingston Educational Holdings 1 Inc Newark, NJ | $70,775,295 | $5,822,683 |
Uka Facilities Foundation Inc New York, NY | $167,163,417 | $25,000 |
Association Of Theological Schools Pittsburgh, PA | $47,043,534 | $8,843,777 |
Electronic Information Network Pittsburgh, PA | $3,863,971 | $4,949,753 |
Kipp Nyc Facility Holdings Inc New York, NY | $55,626,281 | $7,128,309 |
Successful Practices Network Inc Ballston Spa, NY | $2,522,540 | $4,135,083 |