Science Academies of New York Charter Schools

EIN: 043739991 501(c)(3)

Syracuse, NY

Total Revenue
$50,684,983
Total Expenses
$41,559,616
Total Assets
$65,783,682
Net Assets
$51,115,164
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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
NY
Principal Officer
Tolga Hayali
Phone
3154288997
Tax Period
2023-07-01 to 2024-06-30

Science Academies of New York Charter Schools, founded in 2003, is a mid-sized nonprofit that reported $50.7M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $9.1M, a strong 18% operating margin.

Mission

Science Academies of New York Charter Schools will provide support, challenges and opportunities for its students, and it will instill the necessary skills and knowledge in math, science, and technology to empower students, through high intellectual standards, preparing them for college, career, and citizenship. The schools seek to graduate students who can think critically and creatively, who are committed to a lifetime of learning and civic involvement, and who are conscious of local, global, and environmental issues.

Program Service Accomplishments

Program 1
Expenses: $29,136,090 Revenue: $37,974,000

REGULAR EDUCATION: The Science Academies of New York Charter Schools' (The Schools) curriculum is focused on mathematics, science, and technology. The Schools seek to graduate students who can think...

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REGULAR EDUCATION: The Science Academies of New York Charter Schools' (The Schools) curriculum is focused on mathematics, science, and technology. The Schools seek to graduate students who can think critically and creatively, who are committed to a lifetime of learning and civic involvement, and who are conscious of local, global, and environmental issues. All courses are aligned to the New York State Learning Standards.

Program 2
Expenses: $2,860,623 Revenue: $1,609,599

SPECIAL EDUCATION: The Science Academies of New York Charter Schools (The Schools) are open to all children and does not discriminate on the basis of ethnicity, national origin, gender, disability...

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SPECIAL EDUCATION: The Science Academies of New York Charter Schools (The Schools) are open to all children and does not discriminate on the basis of ethnicity, national origin, gender, disability, or any other grounds that would be unlawful or deny the civil rights of any individual. In accordance with the Individuals with Disabilities Education Act, the Rehabilitation Act, Section 504, and the Americans with Disabilities Act, the School provides a free and appropriate education, in the least restrictive environment to students with disabilities. The primary service delivery for students with special needs is inclusion. Services for students requiring supplemental services are provided by the Syracuse, Utica, and Rochester City School Districts.

Program 3
Expenses: $2,117,364 Revenue: $2,320,435

FOOD SERVICE: The Healthy, Hunger-Free Kids Act of 2010 main goal is to improve child nutrition. The Science Academies of New York Charter Schools (The Schools) participate in the National School...

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FOOD SERVICE: The Healthy, Hunger-Free Kids Act of 2010 main goal is to improve child nutrition. The Science Academies of New York Charter Schools (The Schools) participate in the National School Lunch Program to provide our students grades K-12 healthy options for breakfast and lunch. This program is offered to all students to promote wellness, prevent and reduce childhood obesity, and encourage students to make healthy choices. Eating nutritious meals daily will help students improve academically and also improve children's lifelong eating and physical activity habits. Participating in the National School Lunch Program also provides nutritionally balanced, low-cost or free lunches to every student each school day. The Schools' goal is to ensure all students including low-income households receive the same nutritional value regardless of their financial situation.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $8,004,923
Program Service Revenue $41,904,034
Investment Income $654,889
Other Revenue $121,137
TOTAL REVENUE $50,684,983

Expense Breakdown

Grants Paid $0
Salaries & Benefits $29,156,417
Fundraising Expenses $0
Program Expenses $34,749,280
Other Expenses $12,403,199
TOTAL EXPENSES $41,559,616

Year-over-Year Comparison

2023 2022 Change
Revenue $50,684,983 $44,223,623 +0.1%
Expenses $41,559,616 $37,474,631 +0.1%
Net Income $9,125,367 $6,748,992 +0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
7
Independent Members
7
Employees
539
Volunteers
11

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$498,444
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Fehmi Damkaci Board President 8.00
Officer Director
$0 $0 $0
Murat Baysal Vice President/Secretary 1.00
Officer Director
$0 $0 $0
Jawwaad Rasheed Trustee/Member 1.00
Director
$0 $0 $0
Lindsay Cray Member 1.00
Director
$0 $0 $0
Jodi DeAugustine Member 1.00
Director
$0 $0 $0
Samantha Turnquest Trustee/Member 1.00
Director
$0 $0 $0
Halil Zaim Member 1.00
Director
$0 $0 $0
Tolga Hayali Superintendent 40.00
Officer
$223,360 $45,706 $269,066
Yusuf Aykar Assistant Superintendent 40.00
Officer
$187,103 $42,275 $229,378
Bekir Duz Assistant Superintendent 40.00
Highest
$172,104 $40,579 $212,683
Kadir Yavuz - Director of Informati and Instructional Technologies 40.00
Highest
$149,183 $38,175 $187,358
Pamela Geremski School Dean 1.00
Highest
$111,662 $23,462 $135,124
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $50,684,983 $41,559,616 $65,783,682 $9,125,367
2023 $44,223,623 $37,474,631 $55,732,899 $6,748,992
2022 $36,615,185 $30,446,708 $37,462,091 $6,168,477
2021 $33,387,731 $23,142,280 $30,979,536 $10,245,451
2020 $28,123,274 $23,576,840 $23,320,709 $4,546,434
2019 $25,519,998 $22,241,943 $16,229,299 $3,278,055
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