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Nonprofit · EIN 20-0683866

FREEDOM PREP CHARTER SCHOOL

Also known as STEPHEN GILMARTIN

Tax-exempt · HIGHTSTOWN, NJ 08520

Financials

$19.9M$20.4M2022
Revenue Expenses · by fiscal year end
Financials of FREEDOM PREP CHARTER SCHOOL by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2023990$19,923,524$20,414,104-$490,580$11,273,151$6,052,705$5,220,446
Financial details: 990 for the year ended June 30, 2023

Revenue

Contributions, gifts and grants
$4,887,188
of which government grants
$4,887,188
Program service revenue
$14,644,043
Investment income
$0
Other revenue
$392,293

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$1,508,097
Other salaries and wages
$7,176,139
Salaries, compensation and benefits (total)
$13,031,907
Professional fundraising fees
$0
Legal fees
$10,327
Accounting fees
$243,528
Occupancy
$1,002,912
Depreciation
$922,411
Program services (functional)
$13,670,067
Management and general (functional)
$6,744,037

Balance sheet and other

Total assets, start of year
$12,006,247
Total assets, end of year
$11,273,151
Total liabilities, end of year
$6,052,705
Net assets, end of year
$5,220,446
Net assets without donor restrictions
$5,220,446
Gross receipts
$19,923,524
Employees
131
Volunteers
8
Year formed
2005
State of legal domicile
NJ

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended June 30, 2023, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
WYOMIA SCOTTEXECUTIVE DIRECTOR
Officer, Key employee, Highest-paid employee
40$224,101$4,670
PIA GARBUTTPRINCIPAL
Highest-paid employee
40$149,003$5,765
AMANDA TAYLORPRINCIPAL
Highest-paid employee
40$148,459$3,037
GERMAINE TARYERPRINCIPAL
Highest-paid employee
40$124,778$0
KERSTEEN FORSYTHEHR MANAGER
Highest-paid employee
40$115,119$0
KRYSTIE BIRDSALLPRESIDENT
Trustee or director, Officer
2$0$0
MATTHEW DAVIDDOFFVICE PRESIDENT
Trustee or director, Officer
2$0$0
JAMES FRIDIEMEMBER
Trustee or director
2$0$0
ALEX JONESMEMBER
Trustee or director
2$0$0
TOMAS VARELAMEMBER
Trustee or director
2$0$0
ALEX ROSADO-TORRESMEMBER
Trustee or director
2$0$0

Address and contacts

Address (IRS master file)
158 S MAIN ST, HIGHTSTOWN, NJ 08520-3346
In care of
% BENJAMIN FEIT
Principal officer (990 for 2022)
SCOTT LOEFFLER, P O BOX 553, EAST HANOVER, NJ 07936
Signed the 990
SCOTT LOEFFLER, DISSOLUTION TRUSTEE
Phone
(973) 296-7829
Return prepared by
OLUGBENGA OLABINTAN CPA INC

Mission

TO EDUCATE RESPONSIBLE CITIZENSCHOLARS FOR SUCCESS IN THE COLLEGE OF THEIR CHOICE AND A LIFE OF ACTIVE CITIZENSHIP.

990 for the year ended June 30, 2023

Program accomplishments

  • FREEDOM PREP CHARTER SCHOOL PROVIDED AN EXCEPTIONAL ALTERNATIVE FOR STUDENTS AND FAMILIES OTHERWISE SLATED TO ATTEND SCHOOLS THAT TOO OFTEN DO NOT MEET THEIR NEEDS. IT EMBODIED A REFINED NO EXCUSES APPROACH. IN ADDITION TO INCORPORATING THE TRADITIONAL ATTRIBUTES THAT RESEARCHERS HAVE PROVEN TO BE CORRELATED WITH IMPROVED STUDENT LEARNING OUTCOMES - EXTENDED SCHOOL DAYS AND YEARS, RIGOROUS COLLEGE-PREP ACADEMICS, ONGOING USE OF DATA TO INFORM INSTRUCTIONAL DECISIONS AND RESOURCE ALLOCATION, CONSISTENT CULTURAL AND ACADEMIC EXPECTATIONS, AND EXCEPTIONAL TALENT AT ALL LEVELS, FREEDOM PREP CHARTER SCHOOL WAS UNIQUE IN ITS COMMITMENT TO THREE OTHER KEY DESIGN ELEMENTS: A COMMITMENT TO EDUCATING ALL STUDENTS, IN ALL SUBJECTS IN ALL GRADES; AUTHENTIC CIVIC LEADERSHIP AND ENGAGEMENT; AND OPERATING ON PUBLIC FUNDS. THE CHARTER SCHOOL WAS AUTHORIZED TO SERVE A MAXIMUM OF 1,020 STUDENTS DURING THE 2022-2023 SCHOOL YEAR IN GRADES K-12. HOWEVER, IT ENDED THE 2022-2023 SCHOOL YEAR WITH AN ENROLLMENT OF 694 STUDENTS. IT SHOULD BE NOTED THAT EFFECTIVE JUNE 30, 2023, THE SCHOOL'S CHARTER WAS REVOKED BY THE NEW JERSEY COMMISSIONER OF EDUCATION. THEREFORE, THE CHARTER SCHOOL CEASED OPERATIONS EFFECTIVE JUNE 30, 2023.
    Expenses $13,670,067

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025Not on file
2023June 30, 2024November 15, 2024Not on file

IRS record

EIN
20-0683866
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
School
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2008
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B29)
Assets (IRS master file)
$11,273,151
Income (IRS master file)
$19,923,524

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2023$19,923,524$20,414,104$11,273,151XML
990June 2022$20,434,342$19,289,771$12,006,247IRS
990June 2021–––IRS
990June 2020–––IRS
990June 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-0683866).

Questions about FREEDOM PREP CHARTER SCHOOL

What is the EIN of FREEDOM PREP CHARTER SCHOOL?
The employer identification number (EIN) of FREEDOM PREP CHARTER SCHOOL is 20-0683866.
Is FREEDOM PREP CHARTER SCHOOL tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2008.
Are donations to FREEDOM PREP CHARTER SCHOOL tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does FREEDOM PREP CHARTER SCHOOL file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of FREEDOM PREP CHARTER SCHOOL due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did FREEDOM PREP CHARTER SCHOOL last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2023.
Who is the principal officer of FREEDOM PREP CHARTER SCHOOL?
The 990 for the year ended June 30, 2023 names SCOTT LOEFFLER.
Who are the officers and directors of FREEDOM PREP CHARTER SCHOOL?
The 990 for the year ended June 30, 2023 lists 11 people; 5 received compensation from the organization, the highest $224,101 (WYOMIA SCOTT, EXECUTIVE DIRECTOR).
How much revenue does FREEDOM PREP CHARTER SCHOOL have?
On its 990 for the year ended June 30, 2023 it reported revenue of $19,923,524, expenses of $20,414,104 and total assets of $11,273,151 at year end.

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