Principle Academy Charter School A Nj Nonprofit Corporation
- Assets
- $2.4m
- Revenue
- $11.5m
- Investments
- $0.0
- Employees
- 89
- Location
- Egg Harbor Township, NJ
- Founding
- Data as of
- 06/2023
- EIN
- 47-2513283
Organization Overview
Principle Academy Charter School A Nj Nonprofit Corporation is located in Egg Harbor Township, NJ. 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, Principle Academy Charter School A NJ Nonprofit Corporation employed 89 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Principle Academy Charter School A NJ Nonprofit Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF PRINCIPLE ACADEMY CHARTER SCHOOL IS TO SHOW MASTERY OF A STANDARDS DRIVEN, INTERNATIONAL, COLLEGE PREPARATORY CURRICULUM, DELIVERED THROUGH PROVEN RESEARCH BASED INSTRUCTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRINCIPLE ACADEMY CHARTER SCHOOL IS SIMPLY THE BEST CHOICE FOR FAMILIES IN THE GREATER ATLANTIC CITY AREA OF NEW JERSEY SEEKING A KINDERGARTEN THROUGH SIXTH GRADE EDUCATION FOR THEIR STUDENTS. THE CHARTER SCHOOL BASE ITS 21ST CENTURY LEARNING EXPERIENCE UPON A STRONG PERSONALIZED LEARNING PLAN CURRICULUM, A RIGOROUS FOCUS ON CORE VALUES AND A NURTURING SCHOOL ENVIRONMENT WHICH PROMOTES THE SEVEN DIMENSIONS OF WELLNESS. THE CHARTER SCHOOL TAKES PRIDE IN EDUCATING NOT JUST THE 5 THROUGH 12 YEAR OLDS OF TODAY BUT THE 50, 60 AND 70 YEAR OLDS OF THE FUTURE. AS SUCH IT WORKS ON CREATING AND MAINTAINING A LIFETIME INTEREST IN SOCIAL, PHYSICAL, EDUCATIONAL, CAREER, INTELECTUAL , ENVIRONMENTAL AND SPIRITUAL WELLNESS ON THE PART OF ALL OF US AS LIFELONG LEARNERS AND RESPONSIBLE CITIZENS. DURING THE FISCAL YEAR ENDED JUNE 30, 2023 THE CHARTER SCHOOL HAD AN ENROLLMENT OF APPROXIMATELY 465 STUDENTS IN GRADES K TO 6.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dirk Dacosta President | OfficerTrustee | 5 | $0 |
Jeanne Eisele Member | Trustee | 5 | $0 |
Gary Hill Member | Trustee | 5 | $0 |
Dr Albert Monillas Member | Trustee | 5 | $0 |
Alvaro Cores Chief School Administrator | Officer | 40 | $166,795 |
Dr Georgette Meister Assistant Director, Curriculum & Instruction | 40 | $123,964 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $11,448,849 |
| 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 | $11,448,849 |
| Total Program Service Revenue | $28,086 |
| 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 | $11,519,515 |
| 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. | $434,976 |
| Compensation of current officers, directors, key employees. | $260,986 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,471,858 |
| Pension plan accruals and contributions | $198,331 |
| Other employee benefits | $1,692,170 |
| Payroll taxes | $375,373 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $59,244 |
| Fees for services: Accounting | $160,457 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,892,822 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $693,708 |
| 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 | $58,471 |
| Insurance | $60,039 |
| All other expenses | $386,464 |
| Total functional expenses | $11,189,872 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,179,759 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $710,596 |
| 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 | $346,827 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $158,333 |
| Total assets | $2,395,515 |
| Accounts payable and accrued expenses | $83,516 |
| 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 | $46,864 |
| Total liabilities | $130,380 |
| Net assets without donor restrictions | $2,265,135 |
| 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 | $2,395,515 |