Maria L Varisco-Rogers Charter School
- Assets
- $9.7m
- Revenue
- $12.5m
- Investments
- $0.0
- Employees
- 92
- Location
- Newark, NJ
- Founding
- 09/1999
- Data as of
- 06/2023
- EIN
- 22-3642867
Organization Overview
Maria L Varisco-Rogers Charter School is located in Newark, NJ. The organization was established in 1999. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2023, Maria L Varisco-Rogers Charter School employed 92 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maria L Varisco-Rogers 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 06/2023, Maria L Varisco-Rogers Charter School generated $12.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $10.3m during the year ending 06/2023. 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
MARIA L VARISCO-RODGERS CHARTER SCHOOL'S MISSION IS TO IMPROVE THE EDUCATIONAL ACHIEVEMENT OF ALL PUPILS BASED ON THE BELIEF THAT ALL CHILDREN CAN LEARN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MARIA L VARISCO-ROGERS CHARTER SCHOOL PROVIDES A FULL RANGE OF EDUCATIONAL SERVICES APPROPRIATE TO STUDENTS IN KINDERGARTEN THROUGH GRADE 8 THESE EDUCATIONAL SERVICES INCLUDE SOCIAL, HEALTH AND COMMUNITY DEVELOPMENT, AS WELL AS SPECIAL EDUCATION SERVICES AND BASIC SKILLS DEVELOPMENT THE CHARTER SCHOOL CONCLUDED THE 2019-2020 SCHOOL YEAR WITH AN ENROLLMENT OF 572 STUDENTS.
MARIA L VARISCO-ROGERS CHARTER SCHOOL PROVIDED NUTRITIONALLY BALANCED, LOW COST OR FREE MEALS TO CHILDREN EACH SCHOOL DAY THROUGH ITS BREAKFAST, LUNCH AND AFTERCARE PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maria Camacho Board Member | Trustee | 3 | $0 |
Daisy Herrera Board Member | Trustee | 3 | $0 |
Migdalia Concepcion Board Member | Trustee | 3 | $0 |
Maritza Arauz Board Member | Trustee | 3 | $0 |
Juan Paez Board Member | Trustee | 3 | $0 |
Carmen Perez Board Member | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Maschio's Food Services Food Provider | 6/29/18 | $533,708 |
Accses Nj Cleaning Services | 6/29/18 | $141,333 |
Therapy Source Therapy Services | 6/29/18 | $136,238 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $12,412,322 |
| 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 | $12,412,322 |
| Total Program Service Revenue | $53,577 |
| 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 | $12,527,485 |
| 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. | $585,716 |
| Compensation of current officers, directors, key employees. | $67,357 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,401,287 |
| Pension plan accruals and contributions | $250,525 |
| Other employee benefits | $779,381 |
| Payroll taxes | $465,252 |
| 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 | $1,120,903 |
| Advertising and promotion | $0 |
| Office expenses | $37,771 |
| Information technology | $70,570 |
| Royalties | $0 |
| Occupancy | $914,489 |
| 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 | $4,365 |
| Insurance | $46,767 |
| All other expenses | $0 |
| Total functional expenses | $10,307,250 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,402,511 |
| Savings and temporary cash investments | $95,348 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,387,670 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,983 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $32,047 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $792,189 |
| Total assets | $9,716,748 |
| Accounts payable and accrued expenses | $2,431,734 |
| Grants payable | $0 |
| Deferred revenue | $171,452 |
| 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 | $4,176,074 |
| Total liabilities | $6,779,260 |
| Net assets without donor restrictions | $2,842,140 |
| Net assets with donor restrictions | $95,348 |
| 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 | $9,716,748 |