Paterson Arts And Science Charter School
- Assets
- $9.6m
- Revenue
- $19.6m
- Investments
- $0.0
- Employees
- 214
- Location
- Fair Lawn, NJ
- Founding
- 08/2014
- Data as of
- 06/2021
- EIN
- 46-2237798
Organization Overview
Paterson 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, Paterson Arts And Science Charter School employed 214 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Paterson 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, Paterson Arts And Science Charter School generated $19.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 17.5% each year . All expenses for the organization totaled $15.3m during the year ending 06/2021. While expenses have increased by 12.2% 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 PATERSON ARTS & SCIENCE CHARTER SCHOOL 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. PATERSON ARTS & SCIENCE CHARTER SCHOOL 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. PATERSON ARTS & SCIENCE CHARTER SCHOOL 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. PATERSON ARTS & SCIENCE CHARTER SCHOOL FOCUSES ON HIGH ACADEMIC ACHIEVEMENT, ALLOWING OPPORTUNITIES FOR
Describe the Organization's Program Activity:
Part 3 - Line 4a
PATERSON ARTS & SCIENCE CHARTER SCHOOL PROVIDES A FULL RANGE OF EDUCATIONAL SERVICES APPROPRIATE TO GRADES K-6. THESE SERVICES INCLUDE REGULAR, AS WELL AS SPECIAL EDUCATION AND BASIC SKILLS INSTRUCTION. THE CHARTER SCHOOL COMPLETED THE 2020-2021 SCHOOL YEAR WITH AN ENROLLMENT OF 932 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nihat Guvercin Lead Person | Officer | 40 | $0 |
Mustafa Coban Bus Adm/bd Secy | Officer | 40 | $0 |
Patrick Renahan School Officer | Officer | 40 | $0 |
Christopher Lessard Treasurer | Officer | 10 | $0 |
Ilker Tekin School Officer | Officer | 40 | $0 |
Jaimie Phillips School Officer | Officer | 40 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Maschios Food Service Inc Food Service | 6/29/21 | $682,179 |
Savvas Learning Company Llc School Books | 6/29/21 | $118,747 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $18,119,779 |
| 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 | $18,119,779 |
| Total Program Service Revenue | $1,728,007 |
| 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 | -$350,775 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,593,384 |
| 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. | $398,978 |
| Compensation of current officers, directors, key employees. | $398,978 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,759,237 |
| Pension plan accruals and contributions | $171,726 |
| Other employee benefits | $2,509,188 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,513 |
| 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 | $1,926,580 |
| Advertising and promotion | $0 |
| Office expenses | $905,224 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,851,886 |
| Travel | $8,758 |
| 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 | $131,797 |
| Insurance | $70,349 |
| All other expenses | $0 |
| Total functional expenses | $15,342,592 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,458,759 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,082,127 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $8,784 |
| Prepaid expenses and deferred charges | $100,000 |
| Net Land, buildings, and equipment | $317,429 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,601,727 |
| Total assets | $9,568,826 |
| Accounts payable and accrued expenses | $349,789 |
| 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 | $3,693,238 |
| Total liabilities | $4,043,027 |
| Net assets without donor restrictions | $5,433,882 |
| Net assets with donor restrictions | $91,917 |
| 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 | $9,568,826 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Paterson Arts And Science Charter School has recieved totaling $23.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $23 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Classical Charter Schools Bronx, NY | $15,984,342 | $34,614,781 |
Bronx Charter School For Excellence Bronx, NY | $63,378,035 | $40,736,120 |
Avon Grove Charter School West Grove, PA | $50,579,082 | $34,467,872 |
Science Academies Of New York Charter Schools Syracuse, NY | $37,462,091 | $36,615,185 |
Lehigh Valley Academy Charter School Bethlehem, PA | $96,198,987 | $32,574,812 |