CENTRAL JERSEY COLLEGE PREP CHARTER SCHOOL

EIN: 204477065 501(c)(3) Education

SOMERSET, NJ

Total Revenue
$22,917,819
Total Expenses
$20,541,427
Total Assets
$25,279,750
Net Assets
$12,725,725
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Legal Domicile
NJ
Phone
7323029991
Tax Period
2022-07-01 to 2023-06-30

CENTRAL JERSEY COLLEGE PREP CHARTER SCHOOL is a mid-sized nonprofit in the Education sector that reported $22.9M in total revenue in fiscal year 2022. Revenue decreased 8% compared to the prior year. Expenses of $20.5M left a modest 10% surplus.

Mission

THE MISSION OF CENTRAL JERSEY COLLEGE PREPARATORY CHARTER SCHOOL ("CJCP") IS TO PROVIDE ACADEMIC AND SOCIAL CHALLENGES TO STUDENTS, WHILE INSTILLING IN THEM THE SKILLS AND KNOWLEDGE THAT THEY WILL NEED TO SUCCEED IN THEIR FUTURE ENDEAVORS. CJCP AIMS TO FORGE A POWERFUL PARTNERSHIP OUT OF THE STUDENT-TEACHER-PARENT TRIAD. THIS PARTNERSHIP WILL PROVIDE AND EMPOWER OUR YOUTH WITH THE SUPPORT NECESSARY TO REACH THEIR HIGHEST POTENTIAL - INTELLECTUALLY, SOCIALLY, EMOTIONALLY AND PHYSICALLY - WHILE BUILDING ON THEIR INHERENT PROMISE TO AID IN THEIR PREPARATION FOR COLLEGE AND CAREER. CJCP'S OVERALL ACADEMIC GOALS ARE TO PREPARE ITS STUDENTS FOR THE CHALLENGES THAT THEY WILL FACE AFTER HIGH SCHOOL; TO PROVIDE THE NECESSARY SKILLS AND TOOLS THEY WILL REQUIRE TO BE SUCCESSFUL IN COLLEGE AND BEYOND; TO TURN THEM INTO LIFELONG LEARNERS AND INDEPENDENT THINKERS WHO APPRECIATE AND EMBRACE DIVERSITY, TEAMWORK AND MUTUAL RESPECT; AND TO NURTURE IN THEM AN IMMENSE LEVEL OF PERSONAL INTEGRITY. NON-ACAD

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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 (2022)

Revenue Breakdown

Contributions & Grants $22,519,362
Program Service Revenue $835,680
Investment Income $46,907
Other Revenue $-484,130
TOTAL REVENUE $22,917,819

Expense Breakdown

Grants Paid $0
Salaries & Benefits $16,756,965
Fundraising Expenses $0
Program Expenses $17,232,900
Other Expenses $3,784,462
TOTAL EXPENSES $20,541,427

Year-over-Year Comparison

2022 2021 Change
Revenue $22,917,819 $24,893,229 -0.1%
Expenses $20,541,427 $19,945,754 +0.0%
Net Income $2,376,392 $4,947,475 -0.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
5
Employees
246
Volunteers
N/A

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
3
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ERIC VAN BLADEL Trustee 2.00
Director
$0 $0 $0
CHRISTOPHER LESSARD Treasurer 5.00
Officer Director
$0 $0 $0
TRACY GILL Trustee 2.00
Director
$0 $0 $0
FERHAN TUNAGUR President 2.00
Director
$0 $0 $0
JACKIE LEWIS Vice President 2.00
Director
$0 $0 $0
OZCAN UZUN Trustee 2.00
Director
$0 $0 $0
MATT ANAR BUS ADMIN 40.00
Officer
$0 $0 $0
NAMIK SERCAN CHIEF EDUC OFFR 40.00
Officer
$0 $0 $0
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 No data No data No data No data
2023 $22,917,819 $20,541,427 $25,279,750 $2,376,392
2022 $24,893,229 $19,945,754 $24,112,078 $4,947,475
2021 $18,846,415 $16,255,813 $11,475,546 $2,590,602
2020 $15,446,242 $14,605,452 $7,359,426 $840,790
2019 $11,973,610 $11,109,953 $4,942,800 $863,657
2018 $9,102,003 $8,775,139 $2,827,142 $326,864
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