PRINCETON CHARTER SCHOOL INC

EIN: 223505511 501(c)(3) Education

PRINCETON, NJ

Total Revenue
$10,457,607
Total Expenses
$10,421,477
Total Assets
$14,598,277
Net Assets
$3,209,106
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
NJ
Principal Officer
LAWRENCE D PATTON
Phone
6099240575
Tax Period
2024-07-01 to 2025-06-30

PRINCETON CHARTER SCHOOL INC, founded in 1997, is a mid-sized nonprofit in the Education sector that reported $10.5M in total revenue in fiscal year 2024.

Mission

PRINCETON CHARTER SCHOOL IS AN INDEPENDENTLY OPERATED K-8 PUBLIC SCHOOL THAT WAS FORMED UNDER THE NJ CHARTER SCHOOL PROGRAM ACT OF 1995, NJSA 18A 36A-1 ET SEQ. PCS IS FUNDED BY PUBLIC MONIES AND SERVES THE PRINCETON PUBLIC SCHOOL DISTRICT.

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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 $10,316,197
Program Service Revenue $115,176
Investment Income $0
Other Revenue $26,234
TOTAL REVENUE $10,457,607

Expense Breakdown

Grants Paid $0
Salaries & Benefits $7,963,017
Fundraising Expenses $0
Program Expenses $9,426,311
Other Expenses $2,458,460
TOTAL EXPENSES $10,421,477

Year-over-Year Comparison

2024 2023 Change
Revenue $10,457,607 $10,190,630 +0.0%
Expenses $10,421,477 $10,492,275 0.0%
Net Income $36,130 $-301,645 -1.1%
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
9
Independent Members
9
Employees
71
Volunteers
9

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
$205,952
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANITA MISRI PRESIDENT 5.00
Officer Director
$0 $0 $0
IRENE CHIU MEMBER 5.00
Director
$0 $0 $0
JENNIFER FREEDMAN MD MEMBER 5.00
Director
$0 $0 $0
RUPAL KOTHARI MEMBER 5.00
Director
$0 $0 $0
RAKESH KUMAR MEMBER 5.00
Director
$0 $0 $0
RISHI MODI MEMBER 5.00
Director
$0 $0 $0
SHINAE PARK MEMBER 5.00
Director
$0 $0 $0
SARAH RIVETT MEMBER 5.00
Director
$0 $0 $0
OLGA TROYANSKAYA MEMBER 5.00
Director
$0 $0 $0
LAWRENCE D PATTON HEAD OF SCHOOL 40.00
Officer
$205,897 $55 $205,952
DR BRIAN FALKOWSKI BUSINESS ADMINISTRATOR 24.00
Officer
$0 $0 $0
LISA ECKSTROM ASST HEAD OF SCHOOL 40.00
Highest
$150,603 $0 $150,603
MARTHA TOMA TEACHER 40.00
Highest
$110,860 $9,551 $120,411
DAVID MYERS TEACHER 40.00
Highest
$108,753 $28,159 $136,912
MICHELLE DOWLING ASST HEAD OF SCHOOL 40.00
Highest
$139,837 $18,016 $157,853
SABINA KHACHATRIAN TEACHER 40.00
Highest
$112,105 $0 $112,105
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 $10,457,607 $10,421,477 $14,598,277 $36,130
2024 $10,190,630 $10,492,275 $15,184,932 $-301,645
2023 $9,706,256 $9,826,773 $15,615,684 $-120,517
2022 $10,123,639 $9,664,985 $15,837,825 $458,654
2021 $9,187,595 $8,843,048 $17,156,920 $344,547
2020 $8,141,339 $8,414,232 $13,392,489 $-272,893
2019 $7,941,248 $8,279,158 $12,157,657 $-337,910
2018 $7,601,681 $7,828,844 $11,801,753 $-227,163
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