Greater Newark Charter School
- Assets
- $34.6k
- Revenue
- $5.0
- Investments
- $0.0
- Employees
- 0
- Location
- South Plainfield, NJ
- Founding
- 05/2002
- Data as of
- 06/2022
- EIN
- 13-4078132
Organization Overview
Greater Newark Charter School is located in South Plainfield, NJ. The organization was established in 2002. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Newark Charter School 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 06/2022, Greater Newark Charter School generated $5.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (40.7%) each year. All expenses for the organization totaled $3.5k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (47.6%) per year over the past 7 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
IT IS THE MISSION OF THE GREATER NEWARK CHARTER SCHOOL (THE "CHARTER SCHOOL") TO BE THE BEST MIDDLE SCHOOL IN NEWARK, NEW JERSEY. THE CHARTER SCHOOL PROVIDES A FULL RANGE OF SERVICES APPROPRIATE TO MEETING THE NEEDS OF ALL STUDENTS IN GRADES FIVE THROUGH EIGHT. THE DEFINING ATTRIBUTES OF THE CHARTER SCHOOL ARE ITS EMPHASIS ON A RIGOROUS, COLLEGE PREPARATORY PROGRAMS, GOOD MENTAL HEALTH, AND CHARACTER EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EFFECTIVE JULY 1, 2014, THE CHARTER SCHOOL CEASED ITS OPERATIONS AS A RESULT OF THE NON RENEWAL OF ITS CHARTER BY THE STATE OF NEW JERSEY DEPARTMENT OF EDUCATION. DURING FISCAL YEARS 2015 TO 2021, ONLY DISSOLUTION ACTIVITIES WERE CONDUCTED SUCH AS COLLECTION OF RECEIVABLES, DISPOSITION OF ASSETS OWNED BY THE CHARTER SCHOOL AND DISPENSING OF LIABILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leslie Colson Until 63014 President | OfficerTrustee | 7.5 | $0 |
Leslie Spriggins-Jackson Vice-President (until 6/30/14) | OfficerTrustee | 5 | $0 |
Wellington Davenport Until 123014 Secretary/bus. Adm. | OfficerTrustee | 10 | $0 |
Niathan Allen Until 63014 Member | Trustee | 2 | $0 |
Tracey Arrington Member (until 6/30/14) | Trustee | 2 | $0 |
Leroy Mack Member (until 6/30/14) | Trustee | 2 | $0 |
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 | $0 |
| Investment income | $5 |
| 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 | $5 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $3,515 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $3,515 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,614 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $34,614 |
| Accounts payable and accrued expenses | $26,140 |
| 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 | $0 |
| Total liabilities | $26,140 |
| Net assets without donor restrictions | $8,474 |
| 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 | $34,614 |