Unity Charter School
- Assets
- $3.1m
- Revenue
- $5.6m
- Investments
- $0.0
- Employees
- 71
- Location
- Morristown, NJ
- Founding
- 02/2020
- Data as of
- 06/2022
- EIN
- 22-3493409
Organization Overview
Unity Charter School is located in Morristown, NJ. The organization was established in 2020. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2022, Unity Charter School employed 71 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Unity 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, Unity Charter School generated $5.6m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $5.7m during the year ending 06/2022. While expenses have increased by 6.8% per year over the past 4 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE UNITY CHARTER SCHOOL (UCS) WAS CHARTERED BY THE NEW JERSEY DEPARTMENT OF EDUCATION IN JANUARY 1997 AS THE ONLY CHARTER SCHOOL THAT HAD INCLUDED A PLANNING YEAR PRIOR TO ITS OPENING. THE CHARTER SCHOOL OPENED ITS DOORS TO THE FIRST 60 STUDENTS IN GRADES K-7 IN SEPTEMBER, 1998, IN ACCORDANCE WITH ITS CHARTER. UCS MAINTAINED THAT ENROLLMENT LEVEL THROUGH THE FIRST SCHOOL YEAR. UCS NOW OPERATES A K-8 PROGRAM, IN WHICH STUDENTS THRIVE IN A MULTI-AGE LEARNING ENVIRONMENT THAT STRESSES THE IMPORTANCE OF SOCIAL AND ENVIRONMENTAL RESPONSIBILITY. WHILE ENCOURAGING EACH CHILD TO GROW ACADEMICALLY, UCS INTEGRATES PARENTS AND THE COMMUNITY TO PARTICIPATE IN CLASSROOM SUPPORT AS WELL AS THE GOVERNANCE OF THE SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
UNITY CHARTER SCHOOL COMPLETED ITS TWENTY-THIRD YEAR OF OPERATION AS A KINDERGARTEN THROUGH GRADE 8 PUBLIC SCHOOL OF CHOICE WITH THE CONCLUSION OF THE 2021-2022 SCHOOL YEAR. THE CHARTER SCHOOL OFFERS A FULL RANGE OF SERVICES, EDUCATIONAL, NUTRITIONAL AND SPECIAL NEEDS, TO ALL STUDENTS GRADES K THROUGH 8. UCS ENDED THE 2021-2022 SCHOOL YEAR WITH AN ENROLLMENT OF 254 STUDENTS.UCS HOLDS WEEKLY SCHOOL MEETINGS, INCORPORATING PEER MEDIATION AND CLASS MEETINGS IN FURTHERANCE OF ITS MISSION OF COLLABORATIVE TEACHING AND GOVERNANCE. IN FURTHER ACCORDANCE WITH ITS MISSION, SUSTAINABILITY IS TAUGHT THROUGH THE INVESTIGATION OF THE EFFECTS OF HUMAN ENDEAVOR ON OUR ECOSYSTEM, USING LEARING ACTIVITIES SUCH AS FIELD TRIPS, CLASS CURRICULUM AND INDIVIDUAL RESEARCH PROJECTS. THE NJ DEPARTMENT OF EDUCATION GRANTED UCS ANOTHER RENEWAL IN THE 2016-2017 SCHOOL YEAR FOR FIVE (5)YEARS, AS THE CHARTER SCHOOL CONTINUES TO MAKE SIGNIFICANT STRIDES IN IMPROVING ACADEMIC OUTCOMES AND PROVIDING A POSITIVE SCHOOL ENVIRONMENT FOR SUSTAINABILITY AND GROWTH FOR ITS SCHOLARS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Connie Sanchez Executive Dir. | Officer | 40 | $145,266 |
Brian Stang President | Trustee | 3 | $0 |
Owen Lipnick Vice President | Trustee | 3 | $0 |
John Coyle Trustee | Trustee | 3 | $0 |
Valay Desai Trustee | Trustee | 3 | $0 |
Brianna Divak Trustee | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,816,313 |
| 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 | $1,816,313 |
| Total Program Service Revenue | $3,536,948 |
| 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 | $92,742 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,573,924 |
| 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. | $145,266 |
| Compensation of current officers, directors, key employees. | $145,266 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,982,703 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,438,545 |
| Payroll taxes | $0 |
| Fees for services: Management | $159,775 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,031 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $419,813 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $214,341 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $99,478 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $227,815 |
| Insurance | $26,110 |
| All other expenses | $0 |
| Total functional expenses | $5,735,877 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $716,369 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $346,955 |
| 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 | $94,040 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,917,177 |
| Total assets | $3,074,541 |
| Accounts payable and accrued expenses | $60,787 |
| Grants payable | $0 |
| Deferred revenue | $24,003 |
| 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 | $2,686,103 |
| Total liabilities | $2,770,893 |
| Net assets without donor restrictions | $316,033 |
| Net assets with donor restrictions | -$12,385 |
| 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 | $3,074,541 |