Central Queens Academy Charter School
- Assets
- $14.4m
- Revenue
- $12.2m
- Investments
- $0.0
- Employees
- 82
- Location
- Elmhurst, NY
- Founding
- 01/2012
- Data as of
- 06/2022
- EIN
- 45-3686922
Organization Overview
Central Queens Academy Charter School is located in Elmhurst, NY. The organization was established in 2012. 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, Central Queens Academy Charter School employed 82 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Central Queens Academy 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, Central Queens Academy Charter School generated $12.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $10.0m during the year ending 06/2022. While expenses have increased by 8.1% per year over the past 7 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 MISSION OF THE CENTRAL QUEENS ACADEMY CHARTER SCHOOL IS TO PREPARE STUDENTS FOR SUCCESS IN EDUCATION, THE WORKFORCE, AND THE COMMUNITY THOUGH A SCHOOL THAT INTEGRATES LITERACY, HIGH STANDARDS-BASED ACADEMICS, AND CULTURALLY RESPONSIVE SUPPORTIVE SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CENTRAL QUEENS ACADEMY CHARTER SCHOOL IS A PUBLIC CHARTER MIDDLE SCHOOL SERVING THE FAMILIES AND STUDENTS OF COMMUNITY SCHOOL DISTRICT 24 IN QUEENS, NEW YORK. THE SCHOOL PROVIDES A RIGOROUS, COLLEGE-PREPATORY PROGRAM DESIGNED TO WORK SPECIFICALLY WITH ENGLISH LANGUAGE LEARNERS, THE NATION'S FASTEST GROWING STUDENT POPULATION.FOR THE LAST 9 CONSECUTIVE YEARS OF AVAILABLE NYS STATE EXAM DATA, OUR STUDENTS HAVE OUTPERFORMED CITY, STATE AND DISTRICT IN EVERY GRADE; ACHIEVED CLEAN FINANCIAL AUDIT FOR 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ashish Kapadia Executive Dir. | Officer | 40 | $186,192 |
Glenn Liebeck School Director | 40 | $171,850 | |
Michelle Feirman Principal | 40 | $147,808 | |
Michelle Dalpiaz CFO | Officer | 40 | $145,823 |
Therese Paskoff Dir. Of Operation | 40 | $144,593 | |
Deeann Martell Principal | 40 | $141,539 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gluck Architectural Collaborative Architect | 6/29/22 | $338,603 |
Ingram Legal Services | 6/29/22 | $152,296 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $10,839,343 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,272,673 |
| Noncash contributions included in lines 1a–1f | $39,747 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,112,016 |
| Total Program Service Revenue | $0 |
| Investment income | $20,445 |
| 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 | $12,175,425 |
| 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. | $359,292 |
| Compensation of current officers, directors, key employees. | $228,934 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,557,883 |
| Pension plan accruals and contributions | $111,262 |
| Other employee benefits | $430,868 |
| Payroll taxes | $502,352 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,136 |
| Fees for services: Accounting | $26,971 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $115,548 |
| Advertising and promotion | $0 |
| Office expenses | $18,932 |
| Information technology | $88,541 |
| Royalties | $0 |
| Occupancy | $2,075,310 |
| 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 | $103,886 |
| Insurance | $67,262 |
| All other expenses | $131,675 |
| Total functional expenses | $9,969,606 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $497,375 |
| Savings and temporary cash investments | $10,355,187 |
| Pledges and grants receivable | $843,664 |
| 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 | $167,801 |
| Net Land, buildings, and equipment | $825,039 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,716,520 |
| Total assets | $14,405,586 |
| Accounts payable and accrued expenses | $1,606,906 |
| Grants payable | $0 |
| Deferred revenue | $67,878 |
| 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 | $43,506 |
| Total liabilities | $1,718,290 |
| Net assets without donor restrictions | $12,312,163 |
| Net assets with donor restrictions | $375,133 |
| 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 | $14,405,586 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Central Queens Academy Charter School has recieved totaling $770,447.
| Awarding Organization | Amount |
|---|---|
Walton Family Foundation Inc Bentonville, AR PURPOSE: TO SUPPORT THE GROWTH OF HIGH-QUALITY NYC CHARTER OPERATORS BY PROVIDING OPERATING SUPPORT FOR MULTIPLE NEW SCHOOLS AND BACK-OFFICE INFRASTRUCTURE. | $496,538 |
Amazin Mets Foundation Inc Flushing, NY PURPOSE: EDUCATION SUPPORT | $117,800 |
Tiger Foundation New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $100,000 |
The Heckscher Foundation For Children New York, NY PURPOSE: WELFARE OF CHILDREN | $21,300 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $19,789 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $9,750 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Our World Neighborhood Charter School Astoria, NY | $8,035,800 | $19,394,981 |
Zeta Charter Schools - New York City Bronx, NY | $8,294,050 | $24,042,847 |
Tapestry Charter School Buffalo, NY | $42,673,326 | $19,036,142 |
Belmont Charter School Philadelphia, PA | $6,922,339 | $21,008,354 |
Riverton Street Charter School Jamaica, NY | $876,028 | $18,020,045 |
Community Partnership Charter School Brooklyn, NY | $6,697,823 | $17,421,510 |
University Heights Charter School Of Excellence Inc Newark, NJ | $19,966,425 | $19,377,888 |
Propel Charter School Sunrise Pittsburgh, PA | $9,914,076 | $19,454,226 |
West Oak Lane Charter School Philadelphia, PA | $9,484,536 | $17,633,515 |
New World Preparatory Charter School Staten Island, NY | $11,039,877 | $15,891,688 |
Central Jersey College Preparatory Charter School Somerset, NJ | $11,475,546 | $18,846,415 |
Mast Community Charter School Iii Philadelphia, PA | $53,124,349 | $21,172,350 |