GREAT OAKS CHARTER SCHOOL

EIN: 451260087 501(c)(3) Education

NEWARK, NJ

Total Revenue
$57,559,341
Total Expenses
$56,801,219
Total Assets
$20,151,281
Net Assets
$17,866,775
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
NJ
Principal Officer
JARED TAILLEFER
Phone
8622560909
Tax Period
2024-07-01 to 2025-06-30

GREAT OAKS CHARTER SCHOOL, founded in 2011, is a mid-sized nonprofit in the Education sector that reported $57.6M in total revenue in fiscal year 2024.

Mission

THE CHARTER SCHOOL IS A NON-PROFIT ORGANIZATION ESTABLISHED FOR THE PURPOSE OF OPERATING AND MAINTAINING A PUBLIC SCHOOL UNDER A CHARTER GRANTED BY THE STATE OF NEW JERSEY. THE CHARTER PROMOTES EDUCATIONAL REFORM THROUGH INNOVATION. THE CHARTER SCHOOLS OVERARCHING MISSION IS TO PREPARE THE STUDENTS TO SUCCEED IN COLLEGE.

Program Service Accomplishments

Program 1
Expenses: $32,823,165 Revenue: $0

THE CHARTER SCHOOL COMPLETED THE 2024-2025 FISCAL YEAR WITH AN AVERAGE DAILY ENROLLMENT OF 2,178 STUDENTS. THE CHARTER SCHOOL IS FOUNDED ON THE UNDERSTANDING THAT STUDENTS HAVE OWNERSHIP AND...

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THE CHARTER SCHOOL COMPLETED THE 2024-2025 FISCAL YEAR WITH AN AVERAGE DAILY ENROLLMENT OF 2,178 STUDENTS. THE CHARTER SCHOOL IS FOUNDED ON THE UNDERSTANDING THAT STUDENTS HAVE OWNERSHIP AND RESPONSIBILITY FOR THEIR OWN EDUCATIONAL PROCESSES AND THEIR FUTURE. ACCORDINGLY, THE CURRICULUM WAS ESTABLISHED USING EFFECTIVE, RESEARCH-BASED EDUCATIONAL PRACTICES, HANDS-ON, PROBLEM BASED SERVICE LEARNING ADVENTURES AND GRADE APPROPRIATE CORE ACADEMIC MATERIALS WITH PARTICULAR FOCUS ON THE NEW JERSEY CORE CURRICULUM CONTENT STANDARDS. FOR THE YEAR ENDED JUNE 30, 2025, THE EDUCATIONAL PROGRAM WAS DESIGNED TO MEET THE DIVERSE NEEDS OF INDIVIDUAL STUDENTS, INCLUDING AT RISK STUDENTS, ENGLISH LANGUAGE LEARNERS (ELL) AND STUDENTS WITH SPECIAL NEEDS.

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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 $56,290,493
Program Service Revenue $0
Investment Income $82,797
Other Revenue $1,186,051
TOTAL REVENUE $57,559,341

Expense Breakdown

Grants Paid $0
Salaries & Benefits $37,928,195
Fundraising Expenses $0
Program Expenses $32,823,165
Other Expenses $18,873,024
TOTAL EXPENSES $56,801,219

Year-over-Year Comparison

2024 2023 Change
Revenue $57,559,341 $56,978,219 +0.0%
Expenses $56,801,219 $57,642,235 0.0%
Net Income $758,122 $-664,016 -2.1%
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

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
9
Independent Members
9
Employees
434
Volunteers
5

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
$245,430
Total Directors
9
$0
Key Employees
1
$245,430
Highest Compensated
7
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICHARD HERNANDEZ ESQ BOARD CHAIR 2.00
Officer Director
$0 $0 $0
BRIAN NEVEL TREASURER 2.00
Officer Director
$0 $0 $0
DR KARMA WARREN BOARD MEMBER 2.00
Director
$0 $0 $0
ALLISON BOWMAN BOARD MEMBER 2.00
Director
$0 $0 $0
PETER HANTES BOARD MEMBER 2.00
Director
$0 $0 $0
EVERETT JOHNSON BOARD MEMBER 2.00
Director
$0 $0 $0
MICHAEL DUFFY BOARD MEMBER 2.00
Director
$0 $0 $0
TRACI WRIGHT BOARD MEMBER 2.00
Director
$0 $0 $0
JUSTIN JENNINGS BOARD MEMBER 2.00
Director
$0 $0 $0
JARED TAILLEFER EXECUTIVE DIRECTOR 60.00
Officer Key Emp Highest
$240,271 $5,159 $245,430
CHIFFON RUSHFORD CHIEF SCHOOLS OFFICER 40.00
Highest
$187,313 $15,804 $203,117
DR ARIANA LOPEZ CHIEF OPERATING OFFICER 40.00
Highest
$163,910 $0 $163,910
DOMINICK DIFALCO CHIEF STRATEGY OFFICER 40.00
Highest
$178,937 $5,769 $184,706
NICHELLE HOWE CHIEF PEOPLE & EQUITY OFFICER 40.00
Highest
$186,262 $5,769 $192,031
CHARLISE MANUEL PAPUSSECO DEPUTY CHIEF FINANCIAL OFFICER 40.00
Highest
$186,867 $10,457 $197,324
QUAN VUONG DATA SUPPORT SENIOR DIRECTOR 40.00
Highest
$144,132 $15,804 $159,936
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 $57,559,341 $56,801,219 $20,151,281 $758,122
2024 $56,978,219 $57,642,235 $17,673,476 $-664,016
2023 $53,336,408 $55,656,404 $19,210,645 $-2,319,996
2022 $48,589,321 $47,300,132 $23,830,430 $1,289,189
2021 $44,250,544 $36,475,857 $20,822,914 $7,774,687
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