DR LENA EDWARDS ACADEMIC CHARTER SCHOOL

EIN: 271827559 501(c)(3) Education

JERSEY CITY, NJ

Total Revenue
$13,576,573
Total Expenses
$11,913,029
Total Assets
$10,958,222
Net Assets
$10,102,829
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
NJ
Principal Officer
CHRISTOPHER GARLIN
Phone
2014335300
Tax Period
2024-07-01 to 2025-06-30

DR LENA EDWARDS ACADEMIC CHARTER SCHOOL, founded in 2010, is a mid-sized nonprofit in the Education sector that reported $13.6M in total revenue in fiscal year 2024. Expenses of $11.9M left a modest 12% surplus.

Mission

THE ORGANIZATIONS MISSION IS THE OPERATION OF A PUBLIC CHARTER GRANTED BY THE STATE OF NEW JERSEY. THE SCHOOL PROVIDES AN EDUCATION TO STUDENTS IN GRADES KINDERGARTEN THROUGH EIGHTH.

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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 $13,253,191
Program Service Revenue $273,704
Investment Income $0
Other Revenue $49,678
TOTAL REVENUE $13,576,573

Expense Breakdown

Grants Paid $0
Salaries & Benefits $8,793,119
Fundraising Expenses $0
Program Expenses $8,316,664
Other Expenses $3,119,910
TOTAL EXPENSES $11,913,029

Year-over-Year Comparison

2024 2023 Change
Revenue $13,576,573 $13,839,784 0.0%
Expenses $11,913,029 $10,282,571 +0.2%
Net Income $1,663,544 $3,557,213 -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

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

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
8
Independent Members
8
Employees
96
Volunteers
20

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
4
$129,624
Total Directors
8
$0
Key Employees
3
$446,064
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KEITH DAVIS BOARD PRESIDENT 2.00
Officer Director
$0 $0 $0
JOSEPH DIFEO VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
PHYLLIS FASONE BOARD TREASURER 2.00
Officer Director
$0 $0 $0
EUGENE SQUEO MEMBER 1.00
Director
$0 $0 $0
JOHN SEAZHOLTZ MEMBER 1.00
Director
$0 $0 $0
SHARON SANTANA MEMBER 1.00
Director
$0 $0 $0
SUZANNE MADISON MEMBER 1.00
Director
$0 $0 $0
VALERIE SLACK MEMBER 1.00
Director
$0 $0 $0
CHRISTOPHER GARLIN CHIEF SCHOOL ADMINISTRATOR 40.00
Officer Key Emp Highest
$129,624 $0 $129,624
JAMES BREWER PRINCIPAL 40.00
Key Emp Highest
$174,214 $0 $174,214
JEFFREY MOHR ASSISTANT PRINCIPAL 40.00
Key Emp Highest
$142,226 $0 $142,226
NOEMI DE ARMAS KINDERGARTEN TEACHER 40.00
Highest
$135,317 $0 $135,317
MILDRED GARCIA CERTIFIED SCHOOL NURSE 40.00
Highest
$124,926 $0 $124,926
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 $13,576,573 $11,913,029 $10,958,222 $1,663,544
2024 $13,839,784 $10,282,571 $9,549,092 $3,557,213
2023 $10,427,995 $9,523,600 $5,805,136 $904,395
2022 $10,935,694 $8,197,400 $4,360,900 $2,738,294
2021 $8,119,320 $6,994,483 $2,309,292 $1,124,837
2019 $5,883,033 $5,257,264 $3,745,140 $625,769
2018 $5,469,563 $6,004,233 $3,037,393 $-534,670
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