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Nonprofit · EIN 22-3626543

GRAY CHARTER

Tax-exempt · NEWARK, NJ 07102

Financials

$8.2M$7.7M2022$7.8M$7.8M2023$7.6M$7.9M2024
Revenue Expenses · by fiscal year end
Financials of GRAY CHARTER by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$7,640,296$7,914,569-$274,273$3,250,388$436,285$2,814,103
June 30, 2024990$7,787,906$7,751,132$36,774$3,549,190$460,814$3,088,376
June 30, 2023990$8,202,315$7,707,608$494,707$3,321,290$269,688$3,051,602
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$7,411,285
of which government grants
$7,411,285
Program service revenue
$3,393
Investment income
$0
Other revenue
$225,618

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$500,630
Other salaries and wages
$3,091,692
Salaries, compensation and benefits (total)
$5,636,049
Professional fundraising fees
$0
Legal fees
$8,878
Accounting fees
$71,841
Occupancy
$843,804
Program services (functional)
$5,545,663
Management and general (functional)
$2,368,906

Balance sheet and other

Total assets, start of year
$3,549,190
Total assets, end of year
$3,250,388
Total liabilities, end of year
$436,285
Net assets, end of year
$2,814,103
Net assets without donor restrictions
$2,814,103
Gross receipts
$7,640,296
Employees
42
Volunteers
5
Year formed
1999
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, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
CHRISTOPHER PRINGLEASSISTANT DIRECTOR/BOARD SECRETARY
Key employee, Highest-paid employee
35$260,188$12,370
VERNA GRAYFOUNDER/EXECUTIVE DIRECTOR
Officer, Key employee, Highest-paid employee
35$249,727$12,370
IAN FALLSTICHSCHOOL BUSINESS ADMINISTRATOR
Officer, Key employee
10$48,720$0
PAULO DASILVEIRABOARD PRESIDENT
Trustee or director
1$0$0
RASHIDAH SABURBOARD MEMBER
Trustee or director
1$0$0
JACQUELYN LAKEBOARD MEMEBER
Trustee or director
1$0$0
CHARLES HALL JRBOARD MEMBER
Trustee or director
1$0$0
990 for the year ended June 30, 2024: 7 people
NameTitleHours / weekCompensationOther / benefits
VERNA GRAYFOUNDER/EXECUTIVE DIRECTOR
Officer, Key employee, Highest-paid employee
35$252,529$11,244
CHRISTOPHER PRINGLEASSISTANT EXECUTIVE DIRECTOR/BOARD SECRETARY
Key employee, Highest-paid employee
35$224,032$16,643
IAN FALLSTICHSCHOOL BUSINESS ADMINISTRATOR
Officer, Key employee
10$0$20,000
PAULO DASILVEIRABOARD PRESIDENT
Trustee or director
1$0$0
RASHIDAH SABURBOARD MEMBER
Trustee or director
1$0$0
JACQUELYN LAKEBOARD MEMEBER
Trustee or director
1$0$0
CHARLES HALL JRBOARD MEMBER
Trustee or director
1$0$0
990 for the year ended June 30, 2023: 7 people
NameTitleHours / weekCompensationOther / benefits
VERNA GRAYFOUNDER/EXECUTIVE DIRECTOR
Officer, Key employee, Highest-paid employee
35$242,767$7,335
CHRISTOPHER PRINGLEASSISTANT EXECUTIVE DIRECTOR/BOARD SECRETARY
Key employee, Highest-paid employee
35$204,863$7,335
PAULO DASILVEIRABOARD PRESIDENT
Trustee or director
1$0$0
RASHIDAH SABURBOARD MEMBER
Trustee or director
1$0$0
JACQUELYN LAKEBOARD MEMEBER
Trustee or director
1$0$0
CHARLES HALL JRBOARD MEMBER
Trustee or director
1$0$0
IAN FALLSTICHSCHOOL BUSINESS ADMINISTRATOR
Officer, Key employee
10$0$0

Address and contacts

Address (IRS master file)
55 LIBERTY ST, NEWARK, NJ 07102-4815
In care of
% VERNA A GRAY
Principal officer (990 for 2024)
VERNA GRAY, 55 LIBERTY STREET, NEWARK, NJ 07102
Signed the 990
CHRISTOPHER T PRINGLE, EXECUTIVE DIRECTOR
Phone
(973) 824-6661
Return prepared by
OLUGBENGA OLABINTAN CPA INC

Mission

THE CHARTER SCHOOLS 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.

990 for the year ended June 30, 2025

Program accomplishments

  • THE CHARTER SCHOOL PROVIDES A FULL RANGE OF EDUCATIONAL SERVICES APPROPRIATE TO GRADE LEVELS K TO 8. THE SERVICES (THAT INCLUDE SPECIAL EDUCATION STUDENTS) ARE PROVIDED WITH THE GOAL OF ACHIEVING HIGH LEVEL OF EXCELLENCE, IMPROVE STUDENT ACHIEVEMENTS AND BROADEN THE BASE OF THE COMMUNITY. DURING THE YEAR ENDED JUNE 30, 2025, THE CHARTER SCHOOL HAD AVERAGE ENROLLMENT OF APPROXIMATELY 316 STUDENTS IN GRADES K TO 8.
    Expenses $5,545,663

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, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
22-3626543
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
1999
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B20)
Assets (IRS master file)
$3,250,388
Income (IRS master file)
$7,640,296

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$7,640,296$7,914,569$3,250,388XML
990June 2024$7,787,906$7,751,132$3,549,190XML
990June 2023$8,202,315$7,707,608$3,321,290XML
990June 2022$7,500,612$6,890,160$2,755,799IRS
990June 2021–––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 22-3626543).

Questions about GRAY CHARTER

What is the EIN of GRAY CHARTER?
The employer identification number (EIN) of GRAY CHARTER is 22-3626543.
Is GRAY CHARTER tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
Are donations to GRAY CHARTER tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does GRAY CHARTER 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 GRAY CHARTER 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 GRAY CHARTER last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of GRAY CHARTER?
The 990 for the year ended June 30, 2025 names VERNA GRAY.
Who are the officers and directors of GRAY CHARTER?
The 990 for the year ended June 30, 2025 lists 7 people; 3 received compensation from the organization, the highest $260,188 (CHRISTOPHER PRINGLE, ASSISTANT DIRECTOR/BOARD SECRETARY).
How much revenue does GRAY CHARTER have?
On its 990 for the year ended June 30, 2025 it reported revenue of $7,640,296, expenses of $7,914,569 and total assets of $3,250,388 at year end.

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