Science Academies Of New York Charter Schools
- Assets
- $55.7m
- Revenue
- $44.2m
- Investments
- $0.0
- Employees
- 483
- Location
- Syracuse, NY
- Founding
- 06/2003
- Data as of
- 06/2023
- EIN
- 04-3739991
Organization Overview
Science Academies Of New York Charter Schools is located in Syracuse, NY. The organization was established in 2003. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2023, Science Academies Of New York Charter Schools employed 483 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Science Academies Of New York Charter Schools 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 06/2023, Science Academies Of New York Charter Schools generated $44.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.6% each year . All expenses for the organization totaled $37.5m during the year ending 06/2023. While expenses have increased by 19.3% per year over the past 7 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE SCHOOLS SEEK TO GRADUATE STUDENTS WHO CAN THINK CRITICALLY AND CREATIVELY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REGULAR EDUCATION: THE SCIENCE ACADEMIES OF NEW YORK CHARTER SCHOOLS' (THE SCHOOLS) CURRICULUM IS FOCUSED ON MATHEMATICS, SCIENCE, AND TECHNOLOGY. THE SCHOOLS SEEK TO GRADUATE STUDENTS WHO CAN THINK CRITICALLY AND CREATIVELY, WHO ARE COMMITTED TO A LIFETIME OF LEARNING AND CIVIC INVOLVEMENT, AND WHO ARE CONSCIOUS OF LOCAL, GLOBAL, AND ENVIRONMENTAL ISSUES. ALL COURSES ARE ALIGNED TO THE NEW YORK STATE LEARNING STANDARDS.
SPECIAL EDUCATION: THE SCIENCE ACADEMIES OF NEW YORK CHARTER SCHOOLS (THE SCHOOLS) ARE OPEN TO ALL CHILDREN AND DOES NOT DISCRIMINATE ON THE BASIS OF ETHNICITY, NATIONAL ORIGIN, GENDER, DISABILITY, OR ANY OTHER GROUNDS THAT WOULD BE UNLAWFUL OR DENY THE CIVIL RIGHTS OF ANY INDIVIDUAL. IN ACCORDANCE WITH THE INDIVIDUALS WITH DISABILITIES EDUCATION ACT, THE REHABILITATION ACT, SECTION 504, AND THE AMERICANS WITH DISABILITIES ACT, THE SCHOOL PROVIDES A FREE AND APPROPRIATE EDUCATION, IN THE LEAST RESTRICTIVE ENVIRONMENT TO STUDENTS WITH DISABILITIES. THE PRIMARY SERVICE DELIVERY FOR STUDENTS WITH SPECIAL NEEDS IS INCLUSION. SERVICES FOR STUDENTS REQUIRING SUPPLEMENTAL SERVICES ARE PROVIDED BY THE SYRACUSE AND UTICA CITY SCHOOL DISTRICTS.
FOOD SERVICE: THE HEALTHY, HUNGER-FREE KIDS ACT OF 2010 MAIN GOAL IS TO IMPROVE CHILD NUTRITION. THE SCIENCE ACADEMIES OF NEW YORK CHARTER SCHOOLS (THE SCHOOLS) PARTICIPATE IN THE NATIONAL SCHOOL LUNCH PROGRAM TO PROVIDE OUR STUDENTS GRADES K-12 HEALTHY OPTIONS FOR BREAKFAST AND LUNCH. THIS PROGRAM IS OFFERED TO ALL STUDENTS TO PROMOTE WELLNESS, PREVENT AND REDUCE CHILDHOOD OBESITY, AND ENCOURAGE STUDENTS TO MAKE HEALTHY CHOICES. EATING NUTRITIOUS MEALS DAILY WILL HELP STUDENTS IMPROVE ACADEMICALLY AND ALSO IMPROVE CHILDREN'S LIFELONG EATING AND PHYSICAL ACTIVITY HABITS. PARTICIPATING IN THE NATIONAL SCHOOL LUNCH PROGRAM ALSO PROVIDES NUTRITIONALLY BALANCED, LOW-COST OR FREE LUNCHES TO EVERY STUDENT EACH SCHOOL DAY. THE SCHOOLS' GOAL IS TO ENSURE ALL STUDENTS INCLUDING LOW-INCOME HOUSEHOLDS RECEIVE THE SAME NUTRITIONAL VALUE REGARDLESS OF THEIR FINANCIAL SITUATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fehmi Damkaci Board President | OfficerTrustee | 8 | $0 |
Murat Baysal Vice President/secretary | OfficerTrustee | 1 | $0 |
Jawwaad Rasheed Trustee/member | Trustee | 1 | $0 |
Coskun Cetinkaya Treasurer | OfficerTrustee | 1 | $0 |
Lindsay Cray Member | Trustee | 1 | $0 |
Jodi DE Augustine Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Smajic Construction Company Llc Construction | 6/29/21 | $5,530,650 |
Gp Land And Carpet Corporation Dba Gp Fl Flooring | 6/29/21 | $114,486 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,888,380 |
| All other contributions, gifts, grants, and similar amounts not included above | $73,000 |
| Noncash contributions included in lines 1a–1f | $203,605 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,961,380 |
| Total Program Service Revenue | $36,564,892 |
| Investment income | $361,515 |
| 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 | $44,223,623 |
| 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. | $454,382 |
| Compensation of current officers, directors, key employees. | $454,382 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $19,052,473 |
| Pension plan accruals and contributions | $1,708,988 |
| Other employee benefits | $2,873,321 |
| Payroll taxes | $1,381,539 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $109,918 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $477,751 |
| Advertising and promotion | $134,756 |
| Office expenses | $1,174,184 |
| Information technology | $622,226 |
| Royalties | $0 |
| Occupancy | $4,173,265 |
| 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 | $2,071,401 |
| Insurance | $292,183 |
| All other expenses | $268,362 |
| Total functional expenses | $37,474,631 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,423,298 |
| Savings and temporary cash investments | $325,372 |
| Pledges and grants receivable | $6,202,970 |
| Accounts receivable, net | $466,648 |
| 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 | $615,683 |
| Net Land, buildings, and equipment | $15,063,368 |
| Investments—publicly traded securities | $9,914,288 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $17,721,272 |
| Total assets | $55,732,899 |
| Accounts payable and accrued expenses | $3,049,553 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $120,879 |
| 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 | $11,264,717 |
| Total liabilities | $14,435,149 |
| Net assets without donor restrictions | $41,297,750 |
| 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 | $55,732,899 |