2024-04-23T08:40:08-05:00 2023-06-30 221914888 NISIVOCCIA LLP 200 VALLEY RD SUITE 300 MT ARLINGTON NJ 07856 990 2022-07-01 223505511 PRINCETON CHARTER SCHOOL INC PRIN 6099240575 100 BUNN DRIVE PRINCETON NJ 08540 LAWRENCE D PATTON HEAD OF SCHOOL 6099240575 2024-02-08 1 LAWRENCE PATTON 999009999 0 GLENN SCHWIER CPA P01306710 9733281825 2024-02-08 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z 100 BUNN DRIVE PRINCETON NJ 08540 9706256 0 X PCS.K12.NJ.US X 1997 NJ 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. 9 9 75 9 0 0 9924586 9576655 199053 84077 0 0 0 45524 10123639 9706256 0 0 0 0 6672128 7235143 0 0 0 2992857 2591630 9664985 9826773 458654 -120517 15837825 15615684 12242687 12141063 3595138 3474621 X PCS'S MISSION IS TO PROVIDE ITS DIVERSE STUDENT BODY THE BEST POSSIBLE EDUCATION BY FOCUSING ON THE FUNDAMENTAL ACADEMIC DISCIPLINES IN AN ATMOSPHERE THAT AFFIRMS ACADEMIC ACHIEVEMENT AND IN SO DOING, TO OFFER THE COMMUNITY TRUE CHOICE IN PUBLIC EDUCATION. PCS BELIEVES THAT A "THOROUGH AND EFFICIENT" EDUCATION IS BEST ACCOMPLISHED THROUGH A RIGOROUS CURRICULUM THAT REQUIRES MASTERY OF CORE KNOWLEDGE AND SKILLS. 0 0 8803647 129601 PRINCETON CHARTER SCHOOL IS A K-8 PUBLIC CHARTER SCHOOL WHO OPERATES IN CONFORMITY WITH THE CHARTER SCHOOL PROGRAM ACT OF 1995. PRINCETON CHARTER SCHOOL IS ALSO CONSIDERED A LOCAL EDUCATION AGENCY (LEA) PER THE STATE OF NEW JERSEY, DEPARTMENT OF EDUCATION. THE STUDENTS' EDUCATION IS GUIDED BY THE NJ CORE CURRICULUM STANDARDS IN THE AREAS OF READING AND LANGUAGE ARTS, MATHEMATICS, SCIENCE, SOCIAL STUDIES, WORLD LANGUAGES, THE ARTS AND PHYSICAL EDUCATION/HEALTH. THERE ARE NO BARRIERS TO ADMISSION, A RANDOM LOTTERY IS HELD IN JANUARY OF EACH SCHOOL YEAR. THE DISTINGUISHING FEATURES OF THE SCHOOL ARE RIGOROUS CURRICULA WITH WELL-DEFINED GRADE-BY GRADE OUTCOMES IN LINE WITH STATE, NATIONAL AND INTERNATIONAL STANDARDS THAT FOCUS ON CUMULATIVE ACQUISITION OF KNOWLEDGE AND SKILLS IN LANGUAGE ARTS, MATHEMATICS, HISTORY, GEOGRAPHY, SCIENCE, WORLD LANGUAGES AND THE ARTS. 33498 FEDERAL NO CHILD LEFT BEHIND ACT - TITLE I & TITLE II, PART A 68189 FEDERAL IDEA GRANT, ALLOCATED TO THE NEEDS OF SPECIAL EDUCATION STUDENTS. 8905334 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 29 0 1 75 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X THE ORGANIZATION 6099240575 100 BUNN DRIVE PRINCETON NJ 08540 STEFANOS DAMIANAKIS PRESIDENT 5.00 X X 0 0 0 ROXANNA CHOE MEMBER 5.00 X 0 0 0 OLGA TROYANSKAYA MEMBER 5.00 X 0 0 0 JOHN WEIHE MEMBER 5.00 X 0 0 0 RUPAL KOTHARI MEMBER 5.00 X 0 0 0 RAKESH KUMAR MEMBER 5.00 X 0 0 0 IRENE CHIU MEMBER 5.00 X 0 0 0 JENNIFER FREEDMAN MD MEMBER 5.00 X 0 0 0 ANITA MISRI MEMBER 5.00 X 0 0 0 LAWRENCE D PATTON HEAD OF SCHOOL 40.00 X 193110 0 0 DR BRIAN FALKOWSKI BUSINESS ADMINISTRATOR 24.00 X 0 0 0 LISA ECKSTROM ASST HEAD OF SCHOOL 40.00 X 130335 0 0 MARTHA TOMA TEACHER 40.00 X 107585 0 8445 GAIL WILBUR ASST HEAD OF SCHOOL 40.00 X 142090 0 17309 JEANNE R NAHAN TEACHER 40.00 X 104285 0 15869 SABINA KHACHATRIAN TEACHER 40.00 X 116021 0 0 793426 0 41623 6 0 1 0 SBO MANAGEMENT LLC 106 OCEAN AVE N POINT PLEASANT BEACH NJ 08742 155796 1 9431655 145000 9576655 FOOD SERVICE PROGRAM 611110 84077 84077 84077 45524 0 45524 45524 45524 9706256 129601 0 0 X 193110 173799 19311 4498691 4048822 449869 2199050 1979145 219905 344292 309863 34429 1018613 916752 101861 4111 3700 411 146957 132261 14696 483970 435573 48397 54850 49365 5485 CAPITAL OUTLAY 487275 487275 MATERIALS AND SUPPLIES 270749 243674 27075 PROGRAM EXPENSE 89520 89520 MEMBERSHIP DUES 35585 35585 9826773 8905334 921439 0 208730 73685 314227 132806 280077 52076 109208 91662 22759063 8747928 14256577 14011135 669006 1254320 15837825 15615684 385449 104851 13964 9688 11214246 11461776 629028 564748 12242687 12141063 X 3476888 3347111 118250 127510 3595138 3474621 15837825 15615684 -120517 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2560000 2560000 12494219 7457213 5037006 363917 261434 102483 1151792 1029281 122511 6189135 6189135 14011135 RESTRICTED CASH 52510 DEFERRED 07 LOAN & SWAP FEE 210928 DEFERRED OUTFLOW LOSS ON REFINANCING GASB 65 296440 DEFERRED OUTFLOW PENSIONS GASB 68 694442 1254320 DERIVATIVE INSTRUMENT-INTEREST RATE SWAP 210928 PENSION DEFERRED INFLOWS GASB 68 353820 564748 9706256 0 9706256 0 9706256 9826773 0 9826773 0 9826773 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 NON-DISCRIMINATORY POLICY PUBLISHED ON THE WEBSITE AND IN THE ADS OF THE LOCAL NEWSPAPER. SCHEDULE E, PART I, LINE 6 PRINCETON CHARTER SCHOOL INC IS OPERATED UNDER A CHARTER GRANTED BY THE STATE OF NEW JERSEY. AS SUCH PRINCETON CHARTER SCHOOL INC RECEIVES FUNDS FROM THE STATE OF NEW JERSEY DEPARTMENT OF EDUCATION AND THE UNITED STATES DEPARTMENT OF EDUCATION. X X 0 0 0 0 0 0 0 0 0 LAWRENCE D PATTON HEAD OF SCHOOL 193110 0 0 0 0 0 0 0 0 0 193110 0 0 0 GAIL WILBUR ASST HEAD OF SCHOOL 142090 0 0 0 0 0 0 0 17309 0 159399 0 0 0 PART I, LINE 3 COMPENSATION IS REVIEWED AND APPROVED BY THE BOARD OF TRUSTEES AN INDEPENDENT BODY. FORM 990, PART VI, SECTION B, LINE 11B PRINCETON CHARTER SCHOOL INC HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. WHEN THE FORM 990 HAS BEEN PREPARED, REVIEWED BY MANAGEMENT AND IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE, IT IS PROVIDED TO THE MEMBERS OF THE ORGANIZATIONS GOVERNING BODY FOR ANY COMMENTS PRIOR TO ITS SUBMISSION. THE GOVERNING BODY IS PROVIDED WITH A REASONABLE AMOUNT OF TIME TO REVIEW THE FORM 990. ANY COMMENTS ARE THEN GROUPED, SUMMARIZED AND PROVIDED THROUGH MANAGEMENT TO THE OUTSIDE ACCOUNTING FIRM. ANY APPLICABLE ISSUES ARE ADDRESSED PRIOR TO THE RETURN BEING FINALIZED AND APPROVED FOR FILING. FORM 990, PART VI, SECTION B, LINE 12C PRINCETON CHARTER SCHOOL INC CURRENTLY HAS IN PLACE A CONFLICT OF INTEREST POLICY WHICH IT REGULARLY MONITORS AND ENFORCES. THE BOARD MANDATES THAT ALL MEMBERS OF MANAGEMENT AND THE GOVERNING BODY SIGN A CONFLICT OF INTEREST POLICY ANNUALLY AND DISCLOSE ANY POTENTIAL OR ACTUAL CONFLICTS THAT MAY EXIST. IF A POTENTIAL OR ACTUAL CONFLICT OF INTEREST EXISTS, GOVERNING BODY AND MANAGEMENT WILL INVESTIGATE THE ISSUE. IF A CONFLICT OF INTEREST IS DETERMINED TO EXIST, MANAGEMENT AND THE GOVERNING BODY WILL BE NOTIFIED IMMEDIATELY. THE MEMBER WILL NOT BE ALLOWED TO VOTE OR BE A PART OF ANY DECISIONS ABOUT ANY SUCH TRANSACTIONS THAT HAVE TO DO WITH THE CONFLICT UNTIL SUCH TIME THAT THERE IS NO LONGER A CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE ORGANIZATIONS OFFICERS OR KEY EMPLOYEES IS REVIEWED AND APPROVED BY THE BOARD OF TRUSTEES, AN INDEPENDENT BODY. FORM 990, PART VI, SECTION C, LINE 19 PRINCETON CHARTER SCHOOL INC MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE UPON WRITTEN REQUEST AT THE ORGANIZATIONS OFFICE AT 100 BUNN DRIVE, PRINCETON, NJ 08540. IN ADDITION FORM 1023 AS WELL AS THE FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON WRITTEN REQUEST AT THE ORGANIZATIONS OFFICE AT 100 BUNN DRIVE, PRINCETON, NJ 08540. FORM 990, PART IX, LINE 11G OTHER PURCHASED SERVICES: PROGRAM SERVICE EXPENSES 916,752. MANAGEMENT AND GENERAL EXPENSES 101,861. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,018,613. FORM 990, PART XII, LINE 2C THERE WAS NO CHANGE FROM THE PRIOR YEAR. FORM 990, PART XII, LINE 3B THE ORGANIZATION IS REQUIRED TO FOLLOW THE AUDIT REQUIREMENTS OF TITLE 2 U.S. CODE OF FEDERAL REGULATIONS PART 200, UNIFORM ADMINISTRATIVE REQUIREMENTS, COST PRINCIPLES, AND AUDIT REQUIREMENTS FOR FEDERAL AWARDS(UNIFORM GUIDANCE) WHICH SUPERCEDES OMB CIRCULAR A-133. PCS CAPITAL & ENDOWMENT FUND INC 100 BUNN DRIVE PRINCETON NJ 08540 383642213 PROVIDE FUNDING FOR PRINCETON CHARTER SCHOOL CAPITAL EXPENSES NJ 501(C)(3) LINE 12C, III-FI N/A 0 FRIENDS OF PRINCETON CHARTER SCHOOL 100 BUNN DRIVE PRINCETON NJ 08540 223483674 PROVIDE FUNDING FOR PRINCETON CHARTER SCHOOL ACTIVITIES NJ 501(C)(3) LINE 12B, II N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 FRIENDS OF PRINCETON CHARTER SCHOOL C 145000 FMV