Passaic Arts And Science Charter School
- Assets
- $18.5m
- Revenue
- $34.5m
- Investments
- $0.0
- Employees
- 397
- Location
- Fair Lawn, NJ
- Founding
- 08/2014
- Data as of
- 06/2021
- EIN
- 27-3706398
Organization Overview
Passaic Arts And Science Charter School is located in Fair Lawn, NJ. The organization was established in 2014. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2021, Passaic Arts And Science Charter School employed 397 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Passaic Arts And Science 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 06/2021, Passaic Arts And Science Charter School generated $34.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 21.1% each year . All expenses for the organization totaled $27.3m during the year ending 06/2021. While expenses have increased by 14.0% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PASSAIC ARTS AND SCIENCE CHARTER SCHOOL (PASCS) MISSION IS TO PROVIDE THE IDEAL ENVIRONMENT FOR THE INTELLECTUAL AND SOCIAL DEVELOPMENT FOR ITS STUDENTS BY UTILIZING A COMBINED EFFORT OF STUDENTS, EDUCATORS, FAMILIES, AND THE COMMUNITY AS A WHOLE. PASCS BELIEVES AN EFFECTIVE AND ADEQUATE EDUCATION NECESSARY FOR CITIZENS OF THE FUTURE RELIES HEAVILY ON A MULTIDIMENSIONAL ACADEMIC CURRICULUM IN WHICH ALL CORE SUBJECTS WILL BE BLENDED TOGETHER THROUGH VARIOUS TEACHING METHODS WHILE PROMOTING THE DEVELOPMENT OF A STRONG CHARACTER THAT SUPPORTS AND RESPECTS SOCIETY. PASCS BELIEVES THAT FOCUSING ON AN OVERALL HIGH ACADEMIC ACHIEVEMENT INCLUDES PROVIDING OPPORTUNITIES FOR INDIVIDUAL SKILLS AND TALENTS TO DEVELOP TO HIGHER LEVELS. THIS INSPIRES IN STUDENTS A LIFELONG LOVE OF LEARNING AND DESIRE FOR SELF-IMPROVEMENT AND CREATIVITY.IN ADDITION, THE MISSION AND VISION OF PASCS CONSIDERS THE EDUCATIONAL GOALS THAT THE NEW JERSEY DEPARTMENT OF EDUCATION HAS ESTABLISHED FOR ALL STUDENTS. THIS IS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PASSAIC ARTS AND SCIENCE CHARTER SCHOOL PROVIDES A FULL RANGE OF EDUCATIONAL SERVICES APPROPRIATE TO GRADES K-12. THESE SERVICES INCLUDE REGULAR, AS WELL AS SPECIAL EDUCATION AND BASIC SKILLS INSTRUCTION. THE CHARTER SCHOOL COMPLETED THE 2018-2019 SCHOOL YEAR WITH AN ENROLLMENT OF 1,447 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mustafa Coban Bus Adm/bd Secy | Officer | 40 | $0 |
Harunn Celik School Key Ee | Officer | 40 | $0 |
Joanna Elia School Key Ee | Officer | 40 | $0 |
Carolina Johnson Director-Middle | Officer | 40 | $0 |
Abdullah Zorba School Key Ee | Officer | 40 | $0 |
Durim Memedi Trustee | Officer | 40 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Maschios Food Services Inc Food Service | 6/29/21 | $2,495,102 |
Savvas Learning Company Llc Textbooks | 6/29/21 | $199,001 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $30,058,181 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,148 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $30,059,329 |
| Total Program Service Revenue | $6,110,407 |
| 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 | -$1,654,214 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $34,515,522 |
| 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. | $423,361 |
| Compensation of current officers, directors, key employees. | $423,361 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,483,817 |
| Pension plan accruals and contributions | $19,400 |
| Other employee benefits | $2,351,528 |
| Payroll taxes | $3,104,901 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,144 |
| Fees for services: Accounting | $27,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,952,637 |
| Advertising and promotion | $0 |
| Office expenses | $1,840,044 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,656,119 |
| Travel | $2,690 |
| 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 | $353,015 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $27,277,526 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,525,515 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,357,135 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $23,582 |
| Prepaid expenses and deferred charges | $3,602,100 |
| Net Land, buildings, and equipment | $1,320,632 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,677,213 |
| Total assets | $18,506,177 |
| Accounts payable and accrued expenses | $367,499 |
| 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 | $7,141,200 |
| Total liabilities | $7,508,699 |
| Net assets without donor restrictions | $10,902,374 |
| Net assets with donor restrictions | $95,104 |
| 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 | $18,506,177 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Passaic Arts And Science Charter School has recieved totaling $717,573.
| Awarding Organization | Amount |
|---|---|
New Jersey Charter Public Schools Association A New Jersey Non-Profi Hamilton, NJ PURPOSE: CSP GRANT | $717,573 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ascend Charter Schools Brooklyn, NY | $45,182,055 | $130,071,368 |
Team Academy Charter School Inc Newark, NJ | $62,784,056 | $112,036,254 |
Agora Cyber Charter School King Of Prussia, PA | $29,812,274 | $123,843,368 |
Kipp Nyc Public Charter Schools Ii New York, NY | $29,013,020 | $109,312,231 |
The Academy Charter School Hempstead, NY | $181,369,373 | $54,353,660 |
Mastery Charter High School Philadelphia, PA | $43,740,057 | $52,618,647 |
Public Prep Charter School Academies Bronx, NY | $28,993,375 | $52,903,915 |
Explore Excel Charter School Brooklyn, NY | $21,686,253 | $46,865,700 |
Brooklyn Prospect Charter School Brooklyn, NY | $14,747,543 | $42,286,541 |
Little Red School House Inc New York, NY | $50,588,811 | $36,915,940 |
Philadelphia Performing Arts A String Theory Charter School Philadelphia, PA | $27,708,411 | $43,176,770 |
True North Rochester Preparatorycharter School Rochester, NY | $31,478,453 | $41,687,630 |