Discovery Charter School Inc
- Assets
- $988.9k
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 19
- Location
- Newark, NJ
- Founding
- 09/2004
- Data as of
- 06/2023
- EIN
- 22-3586570
Organization Overview
Discovery Charter School Inc is located in Newark, NJ. The organization was established in 2004. 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, Discovery Charter School Inc employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Discovery Charter School 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 06/2023, Discovery Charter School Inc generated $2.7m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 10.9% each year . All expenses for the organization totaled $2.6m during the year ending 06/2023. While expenses have increased by 9.3% per year over the past 5 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 MISSION OF THE DISCOVERY CHARTER SCHOOL IS TO TEACH STUDENTS HOW TO COMMUNICATE POWERFULLY AND EFFECTIVELY,TO THINK CRITICALLY,AND TO FOSTER A WELL ROUNDED EDUCATION THAT TEACHES STUDENTS NOT ONLY TO SUCCEED ON EXAMINATIONS BUT IN THE LIFE AHEAD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE DISCOVERY CHARTER SCHOOL OPERATES A COMPREHENSIVE TEN-MONTH MIDDLE SCHOOL (SEPTEMBER-JUNE). STUDENTS ATTEND CLASSES FROM 8:45AM TO 4:15PM WHICH IS AN HOUR AND FORTY-FIVE MINUTES LONGER THAN MOST PUBLIC SCHOOLS. THE DISCOVERY CHARTER SCHOOL PROVIDES A FULL RANGE OF EDUCATIONAL SERVICES APPROPRIATE FOR GRADE LEVELS 4 THRU 8. THESE SERVICES INCLUDE REGULAR, AS WELL AS SPECIAL EDUCATION AND BASIC SKILLS INSTRUCTION. PARENTS ARE HEAVILY INVOLVED IN SCHOOL ACTIVITIES AND GOVERNANCE. THE CHARTER SCHOOL COMPLETED THE 2022-2023 SCHOOL YEAR WITH AN ENROLLMENT OF 100 STUDENTS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adam Padla President | OfficerTrustee | 2 | $0 |
Resa Drasin Trustee | Trustee | 2 | $0 |
Michael Cruz Trustee | Trustee | 2 | $0 |
Tracey Mcnair Trustee | Trustee | 2 | $0 |
Chidi Ugwu Trustee | Trustee | 2 | $0 |
Seth Hiler Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,655,605 |
| 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 | $2,655,605 |
| Total Program Service Revenue | $73 |
| 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 | $2,717,805 |
| 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. | $90,500 |
| Compensation of current officers, directors, key employees. | $54,300 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $927,042 |
| Pension plan accruals and contributions | $32,825 |
| Other employee benefits | $390,753 |
| Payroll taxes | $77,842 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $73,822 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $466,092 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $213,251 |
| 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 | $4,877 |
| Insurance | $16,014 |
| All other expenses | $105,920 |
| Total functional expenses | $2,575,287 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $752,537 |
| Savings and temporary cash investments | $75,613 |
| Pledges and grants receivable | $144,854 |
| 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 | $15,924 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $988,928 |
| Accounts payable and accrued expenses | $233,681 |
| Grants payable | $0 |
| Deferred revenue | $83 |
| 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 | $233,764 |
| Net assets without donor restrictions | $755,164 |
| 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 | $988,928 |