UNITY CHARTER SCHOOL

EIN: 223493409 501(c)(3) Education

MORRISTOWN, NJ

Total Revenue
$6,783,643
Total Expenses
$6,327,855
Total Assets
$1,811,666
Net Assets
$-743,755
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
NJ
Principal Officer
CONNIE SANCHEZ
Phone
9732921808
Tax Period
2024-07-01 to 2025-06-30

UNITY CHARTER SCHOOL, founded in 1998, is a community nonprofit in the Education sector that reported $6.8M in total revenue in fiscal year 2024. Expenses of $6.3M left a modest 7% surplus.

Mission

THE UNITY CHARTER SCHOOL (UCS) WAS CHARTERED BY THE NEW JERSEY DEPARTMENT OF EDUCATION IN JANUARY 1997 AS THE ONLY CHARTER SCHOOL THAT HAD INCLUDED A PLANNING YEAR PRIOR TO ITS OPENING. THE CHARTER SCHOOL OPENED ITS DOORS TO THE FIRST 60 STUDENTS IN GRADES K-7 IN SEPTEMBER, 1998, IN ACCORDANCE WITH ITS CHARTER. UCS MAINTAINED THAT ENROLLMENT LEVEL THROUGH THE FIRST SCHOOL YEAR. UCS NOW OPERATES A K-8 PROGRAM, IN WHICH STUDENTS THRIVE IN A MULTI-AGE LEARNING ENVIRONMENT THAT STRESSES THE IMPORTANCE OF SOCIAL AND ENVIRONMENTAL RESPONSIBILITY. WHILE ENCOURAGING EACH CHILD TO GROW ACADEMICALLY, UCS INTEGRATES PARENTS AND THE COMMUNITY TO PARTICIPATE IN CLASSROOM SUPPORT AS WELL AS THE GOVERNANCE OF THE SCHOOL.

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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 (2024)

Revenue Breakdown

Contributions & Grants $6,706,418
Program Service Revenue $367,912
Investment Income $0
Other Revenue $-290,687
TOTAL REVENUE $6,783,643

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,962,446
Fundraising Expenses $0
Program Expenses $4,746,209
Other Expenses $1,365,409
TOTAL EXPENSES $6,327,855

Year-over-Year Comparison

2024 2023 Change
Revenue $6,783,643 $6,294,846 +0.1%
Expenses $6,327,855 $7,137,499 -0.1%
Net Income $455,788 $-842,653 -1.5%
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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
11
Independent Members
11
Employees
65
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
$277,894
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CONNIE SANCHEZ Executive Dir. 40.00
Officer
$168,600 $0 $168,600
JENNIFER CARCICH Director 40.00
Officer
$109,294 $0 $109,294
BRIAN STANG President 3.00
Director
$0 $0 $0
CHARLENE BURRIS Vice President 3.00
Director
$0 $0 $0
CHRISTINE FUGGER Trustee 3.00
Director
$0 $0 $0
VALAY DESAI Trustee 3.00
Director
$0 $0 $0
BRIANNA DIVAK Trustee 3.00
Director
$0 $0 $0
RINA ASEMAMAW Trustee 3.00
Director
$0 $0 $0
ASWINI KUMAR Trustee 3.00
Director
$0 $0 $0
KARA PARHAM Trustee 3.00
Director
$0 $0 $0
DEVEN LILBURN Trustee 3.00
Director
$0 $0 $0
DANIELLE LORENZI Trustee 3.00
Director
$0 $0 $0
ANNEMARIE MAINA Trustee 3.00
Director
$0 $0 $0
ALTEA QIRJAKO BUSINESS ADMIN 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 $6,783,643 $6,327,855 $1,811,666 $455,788
2024 No data No data No data No data
2023 $5,807,042 $6,467,580 $2,423,824 $-660,538
2022 $5,573,924 $5,735,877 $3,074,541 $-161,953
2021 $4,878,179 $4,579,117 $1,861,580 $299,062
2020 $4,753,367 $4,623,005 $1,151,250 $130,362
2019 $4,700,711 $4,401,791 $858,734 $298,920
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