ETHICAL COMMUNITY CHARTER SCHOOL

EIN: 263699278 501(c)(3) Education

JERSEY CITY, NJ

Total Revenue
$10,545,874
Total Expenses
$10,104,704
Total Assets
$9,298,729
Net Assets
$8,225,221
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
NJ
Principal Officer
SERENITY CARR
Phone
2019844154
Tax Period
2024-07-01 to 2025-06-30

ETHICAL COMMUNITY CHARTER SCHOOL, founded in 2008, is a mid-sized nonprofit in the Education sector that reported $10.5M in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year. Expenses of $10.1M left a modest 4% surplus.

Mission

THE CHARTER SCHOOL IS A NEW JERSEY PUBLIC SCHOOL OVERSEEN BY THE NEW JERSEY DEPARTMENT OF EDUCATION. THE CHARTER SCHOOL OFFERS AN ACADEMIC PROGRAM THAT ENCOURAGES ANALYTICAL THINKING AND CREATIVITY TO HELP CHILDREN.

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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 $10,158,064
Program Service Revenue $36,341
Investment Income $257,968
Other Revenue $93,501
TOTAL REVENUE $10,545,874

Expense Breakdown

Grants Paid $0
Salaries & Benefits $6,986,372
Fundraising Expenses $0
Program Expenses $6,489,864
Other Expenses $3,118,332
TOTAL EXPENSES $10,104,704

Year-over-Year Comparison

2024 2023 Change
Revenue $10,545,874 $11,121,823 -0.1%
Expenses $10,104,704 $9,125,615 +0.1%
Net Income $441,170 $1,996,208 -0.8%
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

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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
7
Employees
79
Volunteers
15

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
2
$179,965
Total Directors
7
$0
Key Employees
2
$344,544
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NIA ARMSTRONG BOARD CHAIR 5.00
Officer Director
$0 $0 $0
JAHSHAE STEWART BOARD MEMBER 5.00
Director
$0 $0 $0
JILL EMMICH BOARD MEMBER 5.00
Director
$0 $0 $0
JAMES LEWIS BOARD MEMBER 5.00
Director
$0 $0 $0
MIKE RICCIO BOARD MEMBER 5.00
Director
$0 $0 $0
TARUN MUNDARTH BOARD MEMBER 5.00
Director
$0 $0 $0
NATE BRZOZOWSKI BOARD MEMBER 5.00
Director
$0 $0 $0
CHLOE LEWIS PRINCIPAL/HEAD OF SCHOOL 35.00
Officer Key Emp Highest
$170,814 $9,151 $179,965
SERENITY CARR SCHOOL BUSINESS ADMINISTRATOR 35.00
Key Emp Highest
$155,428 $9,151 $164,579
MAGDELINE GOMEZ ASSISTANT SCHOOL BUSINESS ADMINISTRATOR 35.00
Highest
$121,660 $7,245 $128,905
TYENAH PRESSLEY INFORMATION TECHNOLOGY COORDINATOR 35.00
Highest
$121,307 $7,471 $128,778
MARYANNE WILKINS SCHOOL NURSE - SUPERVISOR 35.00
Highest
$122,007 $9,850 $131,857
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 $10,545,874 $10,104,704 $9,298,729 $441,170
2024 $11,121,823 $9,125,615 $8,155,464 $1,996,208
2023 $8,997,383 $7,612,961 $6,059,543 $1,384,422
2022 $7,747,974 $6,276,723 $4,565,225 $1,471,251
2021 $7,197,187 $6,135,321 $2,962,045 $1,061,866
2019 $5,307,727 $5,032,915 $1,567,382 $274,812
2018 $5,073,088 $4,896,047 $1,235,605 $177,041
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