Nonprofit · EIN 45-3689749
BELOVED COMMUNITY CHARTER SCHOOL INC
Tax-exempt · JERSEY CITY, NJ 07302
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $53,972,657 | $37,720,954 | $16,251,703 | $63,311,196 | $1,829,188 | $61,482,008 |
| June 30, 2024 | 990 | $52,562,360 | $35,365,901 | $17,196,459 | $45,005,867 | $3,396,106 | $41,609,761 |
| June 30, 2023 | 990 | $43,840,051 | $40,589,290 | $3,250,761 | $26,376,496 | $1,963,194 | $24,413,302 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $50,338,514
- of which government grants
- $50,259,168
- Program service revenue
- $76,292
- Investment income
- $560,977
- Other revenue
- $2,996,874
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $809,867
- Other salaries and wages
- $19,053,104
- Salaries, compensation and benefits (total)
- $27,636,000
- Professional fundraising fees
- $0
- Legal fees
- $104,290
- Accounting fees
- $237,636
- Occupancy
- $2,900,790
- Depreciation
- $355,889
- Program services (functional)
- $23,655,809
- Management and general (functional)
- $14,065,145
Balance sheet and other
- Total assets, start of year
- $45,005,867
- Total assets, end of year
- $63,311,196
- Total liabilities, end of year
- $1,829,188
- Net assets, end of year
- $61,482,008
- Land, buildings and equipment
- $8,583,044
- Net assets without donor restrictions
- $53,083,637
- Net assets with donor restrictions
- $8,398,371
- Gross receipts
- $53,972,657
- Employees
- 337
- Volunteers
- 15
- Year formed
- 2012
- 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.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MICHELE LINK | PRINCIPAL, ELEMENTARY SCHOOL Key employee, Highest-paid employee | 35 | $209,867 | $5,958 |
| KENNETH SCHULTZ | EXECUTIVE DIRECTOR Key employee, Highest-paid employee | 35 | $187,000 | $0 |
| DUANNE MOELLER | DIRECTOR OF OPERATIONS Key employee, Highest-paid employee | 35 | $137,500 | $0 |
| EMILY NICHOLS | HIGH SCHOOL MANAGING DIRECTOR Key employee, Highest-paid employee | 35 | $113,750 | $7,792 |
| MARISOL GHIZZONE | PRINCIPAL, MIDDLE SCHOOL Key employee, Highest-paid employee | 35 | $111,325 | $8,641 |
| MARILYN HOOPER | SCHOOL BUSINESS ADMINISTRATOR Officer, Key employee | 35 | $98,500 | $8,353 |
| NICOLE JACKSON | PRESIDENT Trustee or director, Officer | 5 | $0 | $0 |
| SALVATORE RISALVATO | TREASURER Trustee or director | 5 | $0 | $0 |
| RICH VALDES | BOARD MEMBER Trustee or director | 5 | $0 | $0 |
| SAM MILKHAIL | BOARD MEMBER Trustee or director | 5 | $0 | $0 |
| JOHN GIOTIS | BOARD MEMBER Trustee or director | 5 | $0 | $0 |
| KATHLEEN MONE | BOARD MEMBER Trustee or director | 5 | $0 | $0 |
990 for the year ended June 30, 2024: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KENNETH SCHULTZ | DIRECTOR Key employee, Highest-paid employee | 35 | $180,000 |
| NICOLE JACKSON | TRUSTEE Trustee or director | 5 | $0 |
| ANNJO BALBUTIN | TRUSTEE Trustee or director | 5 | $0 |
| SALVATORE RISALVATO | TRUSTEE Trustee or director | 5 | $0 |
| RICH VALDES | TRUSTEE Trustee or director | 5 | $0 |
| SAM MIKHAIL | TRUSTEE Trustee or director | 5 | $0 |
| JOHN GIOTIS | TRUSTEE Trustee or director | 5 | $0 |
| KATHLEEN MONE | TRUSTEE Trustee or director | 5 | $0 |
| MARILYN HOOPER | BUS ADMINISTRATOR Key employee | 35 | $0 |
990 for the year ended June 30, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KENNETH SCHULTZ | BUS ADMIN Key employee | 35 | $164,345 |
| MICHELE LINK | KEY EMPLOYEE Key employee | 35 | $120,880 |
| NICOLE JACKSON | TRUSTEE Trustee or director | 5 | $0 |
| JESSICA LISBOA | TRUSTEE Trustee or director | 5 | $0 |
| SALVATORE RISALVATO | TRUSTEE Trustee or director | 5 | $0 |
| SHERIDAN BELL | TRUSTEE Trustee or director | 5 | $0 |
| SAM MIKHAIL | TRUSTEE Trustee or director | 5 | $0 |
| MAGGIE JOHNSON | TRUSTEE Trustee or director | 5 | $0 |
| KATHLEEN MONE | TRUSTEE Trustee or director | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 508 GRAND ST, JERSEY CITY, NJ 07302-4103
- In care of
- % GREGORY CORRADO
- Principal officer (990 for 2024)
- MARILYN HOOPER, 508 GRAND STREET, JERSEY CITY, NJ 07302
- Signed the 990
- MARILYN HOOPER, SCHOOL BUSINESS ADMINISTRATOR
- Phone
- (201) 744-9775
- Return prepared by
- OLUGBENGA OLABINTAN CPA INC
Mission
The misson of the BelovED Community Charter School is to delovep values, skills, knowledge, confidence and character in its scholars that will propel them to success in school, college, and their careers and to the fulfillment of a socially contributory life.
Program accomplishments
- All demographic subgroups at BelovED have a far higher percentage of economically disadvantaged students than the corresponding subgroup Statewide. Given the 30-point academic proficiency gap in New Jersey between economically disadvantaged and non-economically disadvantaged students, statistics would predict proficiency rates at BelovED being lower than across the State. But in fact, the opposite is true. BelovED students of all backgrounds are learning faster and have higher ELA and Math proficiency rates than their demographic subgroup peers statewide. BelovED had an average enrollment of 1560 students during the 2024-2025 school year.Expenses $23,655,809
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 45-3689749
- 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
- 2012
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B29)
- Assets (IRS master file)
- $63,311,196
- Income (IRS master file)
- $53,972,657
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $53,972,657 | $37,720,954 | $63,311,196 | XML |
| 990 | June 2024 | $52,562,360 | $35,365,901 | $45,005,867 | IRS |
| 990 | June 2023 | $43,840,051 | $40,589,290 | $26,376,496 | XML |
| 990 | June 2022 | $32,641,813 | $26,921,448 | $14,406,438 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 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 45-3689749).
Questions about BELOVED COMMUNITY CHARTER SCHOOL INC
- What is the EIN of BELOVED COMMUNITY CHARTER SCHOOL INC?
- The employer identification number (EIN) of BELOVED COMMUNITY CHARTER SCHOOL INC is 45-3689749.
- Is BELOVED COMMUNITY CHARTER SCHOOL INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2012.
- Are donations to BELOVED COMMUNITY CHARTER SCHOOL INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BELOVED COMMUNITY CHARTER SCHOOL INC 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 BELOVED COMMUNITY CHARTER SCHOOL INC 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 BELOVED COMMUNITY CHARTER SCHOOL INC 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 BELOVED COMMUNITY CHARTER SCHOOL INC?
- The 990 for the year ended June 30, 2025 names MARILYN HOOPER.
- Who are the officers and directors of BELOVED COMMUNITY CHARTER SCHOOL INC?
- The 990 for the year ended June 30, 2025 lists 12 people; 6 received compensation from the organization, the highest $209,867 (MICHELE LINK, PRINCIPAL, ELEMENTARY SCHOOL).
- How much revenue does BELOVED COMMUNITY CHARTER SCHOOL INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $53,972,657, expenses of $37,720,954 and total assets of $63,311,196 at year end.
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