CLASSICAL ACADEMY CHARTER SCHOOL OF CLIFTON INC

EIN: 223568322 501(c)(3) Education

CLIFTON, NJ

Total Revenue
$3,161,066
Total Expenses
$2,627,375
Total Assets
$3,729,455
Net Assets
$2,447,078
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Organization Details

Formation Year
1998
Legal Domicile
NJ
Principal Officer
BERNADETTE PINTO
Phone
9732787707
Tax Period
2023-07-01 to 2024-06-30

CLASSICAL ACADEMY CHARTER SCHOOL OF CLIFTON INC, founded in 1998, is a community nonprofit in the Education sector that reported $3.2M in total revenue in fiscal year 2023. The organization ran a surplus of $534K, a strong 17% operating margin.

Mission

THE CLASSICAL ACADEMY CHARTER SCHOOL OF CLIFTON'S (THE "CHARTER SCHOOL") MISSION IS TO BLEND CORE TRADITIONAL LEARNING FOUNDATIONS AND MODERN DAY EDUCATIONAL INITIATIVES TO CREATE A PROGRESSIVE LEARNING ENVIRONMENT. THROUGH THE FUSION OF A CURRICULUM DEEPLY ROOTED IN HUMANITIES AND LIBERAL ARTS AND OUR COMPREHENSIVE MATHEMATICS AND SCIENCE PROGRAM, CLASSICAL ACADEMY STRIVES TO FOSTER NOT ONLY SCHOLASTIC ACHIEVEMENTS BUT ALSO THE GROWTH OF OUR STUDENTS AS FUTURE LEADERS THROUGH THE INFUSION OF CORE VALUES AND POSITIVE SOCIAL LEARNING EXPERIENCES.

Program Service Accomplishments

Program 1
Expenses: $1,432,310 Revenue: $2,181,470

CLASSICAL ACADEMY CHARTER SCHOOL OF CLIFTON PROVIDES A FULL RANGE OF EDUCATIONAL SERVICES APPROPRIATE TO GRADES 6-8. THESE SERVICES INCLUDE REGULAR, AS WELL AS SPECIAL EDUCATION AND BASIC SKILLS...

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CLASSICAL ACADEMY CHARTER SCHOOL OF CLIFTON PROVIDES A FULL RANGE OF EDUCATIONAL SERVICES APPROPRIATE TO GRADES 6-8. THESE SERVICES INCLUDE REGULAR, AS WELL AS SPECIAL EDUCATION AND BASIC SKILLS INSTRUCTION. THE CHARTER SCHOOL COMPLETED THE 2023-2024 SCHOOL YEAR WITH AN ENROLLMENT OF 160 STUDENTS. THE CLASSICAL ACADEMY CHARTER SCHOOL OF CLIFTON'S THREE YEAR ACADEMIC PROGRAM IN GRADES 6, 7, AND 8 AND ITS PRACTICES AND POLICIES CONTINUE TO PROVE HIGHLY EFFECTIVE IN PRODUCING HIGH STUDENT LEARNING. THE CLASSICAL ACADEMY CHARTER SCHOOL OF CLIFTON HAS PRODUCED OUTSTANDING RESULTS, CONSISTENTLY AT THE HIGHEST LEVELS, IS NOT A SUBJECTIVE APPRAISAL. IN 2008 THE FEDERAL DEPT. OF EDUCATION HONORED THE SCHOOL WITH A "NATIONAL BLUE RIBBON SCHOOL OF EXCELLENCE AWARD (ONLY THE 2ND NEW JERSEY PUBLIC CHARTER SCHOOL IN 16 YEARS TO BE SO HONORED); IN 2012 THE NEW JERSEY DEPT. OF EDUCATION DESIGNATED THE CLASSICAL ACADEMY CHARTER SCHOOL OF CLIFTON A 'REWARD' SCHOOL, ITS DESIGNATION FOR HIGH-ACHIEVING PUBLIC SCHOOLS, CHARTER AND TRADITIONAL; AND IN 2013, THE 'NATIONAL NEW CAMPAIGN FOR ACHIEVEMENT NOW' (NJCAN), A CITIZENS EDUCATION ACTION GROUP, RECOGNIZED THE CLASSICAL ACADEMY CHARTER SCHOOL OF CLIFTON WITH ITS 'TOP TEN' AWARDS: ONE AWARD FOR BEING A TOP TEN NJ SCHOOL FOR EDUCATING 'LOW INCOME STUDENTS- AND ANOTHER 'TOP TEN' AWARD FOR EDUCATING TO HIGH LEVELS 'LATINO STUDENTS', AND ONE FOR OVERALL EXCELLENCE IN MIDDLE-SCHOOL EDUCATION. IN 2018, CLASSICAL ACADEMY WAS GRANTED AN ENROLLMENT INCREASE FOR THE 2019-2020 SCHOOL YEAR BY AN ADDITIONAL SIXTY STUDENTS. CLASSICAL ACADEMY CHARTER SCHOOL OF CLIFTON IS AN ACTIVE MEMBER OF THE JUNIOR NATIONAL HONOR SOCIETY AND HAS PROVIDED FAMILIES WITH AN AFTER SCHOOL PROGRAM AND SUMMER PROGRAM THAT BUILD THE WHOLE CHILD.

Program 2
Expenses: $482,668 Revenue: $2,470

THE CHARTER SCHOOL IMPLEMENTED THE EVERY STUDENT SUCCEEDS ACT (ESSA) SUCCESSFUL YOUNG CHARTER SCHOOL WITH GREAT PROMISE FOR THE FUTURE. WITH A FOCUS ON LEADERSHIP, CIVICS, COMMUNITY SERVICE AND...

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THE CHARTER SCHOOL IMPLEMENTED THE EVERY STUDENT SUCCEEDS ACT (ESSA) SUCCESSFUL YOUNG CHARTER SCHOOL WITH GREAT PROMISE FOR THE FUTURE. WITH A FOCUS ON LEADERSHIP, CIVICS, COMMUNITY SERVICE AND ACADEMICS, THE CHARTER SCHOOL MAINTAINS A LARGE WAITING LIST FOR ENTRANCE AND IS ARMED WITH A STRONG BOARD, EXPERIENCED STAFF, SIGNIFICANT SEED FUNDING, A WELL-DEVELOPED MISSION AND ACCOMPANYING CORE VALUES. AND THE IDEA PROGRAMS. THESE PROGRAMS WERE ENACTED BY CONGRESS TO PREAUTHORIZE THE ELEMENTARY AND SECONDARY EDUCATION ACT WITH MAJOR FOCUS ON PROVIDING ALL CHILDREN WITH FAIR, EQUAL AND SIGNIFICANT OPPORTUNITY TO HAVE A HIGH QUALITY EDUCATION THROUGH ENRICHMENT ACTIVITIES. IN ADDITION, THE CHARTER SCHOOL ALSO IMPLEMENTED REQUIREMENTS OF THE ESSER, ARP AND THER COVID-19 RELATED ACTIVITIES TO RETAIN AND MAINTAIN SCHOOL OPERATIONS DURING THE COVID-19 PANDEMIC.

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $922,486
Program Service Revenue $2,138,828
Investment Income $54,640
Other Revenue $45,112
TOTAL REVENUE $3,161,066

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,777,162
Fundraising Expenses $0
Program Expenses $1,914,978
Other Expenses $850,213
TOTAL EXPENSES $2,627,375

Year-over-Year Comparison

2023 2022 Change
Revenue $3,161,066 $3,033,016 +0.0%
Expenses $2,627,375 $2,471,843 +0.1%
Net Income $533,691 $561,173 0.0%
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
9
Independent Members
9
Employees
23
Volunteers
10

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
6
$306,140
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BERNADETTE PINTO SBA/BOARD SE 40.00
Officer
$103,077 $0 $103,077
DR PAUL SEMEGRAN LEAD PERSON 40.00
Officer
$89,891 $58,450 $148,341
PATRICK MARTIN LEAD PERSON 40.00
Officer
$46,200 $0 $46,200
GREGORY FARLEY LEAD PERSON 40.00
Officer
$8,522 $0 $8,522
ORAN BULLEN PRESIDENT 2.00
Officer Director
$0 $0 $0
ADRIENNE AUSTIN VICE PRESIDE 2.00
Officer Director
$0 $0 $0
SHAMIRA DRAKEFORD MEMBER 2.00
Director
$0 $0 $0
ALICIA ANDERSON MEMBER 2.00
Director
$0 $0 $0
JANET SPIDWAK MEMBER 2.00
Director
$0 $0 $0
NINA PRINZ MEMBER 2.00
Director
$0 $0 $0
LINDA BUONAURO MEMBER 2.00
Director
$0 $0 $0
GENIE TROTT MEMBER 2.00
Director
$0 $0 $0
KENYA GREENE MEMBER BEG. 2.00
Director
$0 $0 $0
DIANE GARRIDO MEMBER UNTIL 2.00
Director
$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 $3,161,066 $2,627,375 $3,729,455 $533,691
2023 $3,033,016 $2,471,843 $3,420,192 $561,173
2022 $2,576,190 $2,717,275 $3,071,057 $-141,085
2021 $3,369,000 $2,371,332 $2,006,460 $997,668
2020 $2,255,310 $2,626,893 $903,657 $-371,583
2019 $1,785,725 $2,474,553 $1,299,326 $-688,828
2018 $1,721,505 $2,160,884 $2,068,623 $-439,379
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