Nonprofit · EIN 47-2513283
PRINCIPLE ACADEMY CHARTER SCHOOL A NJ NONPROFIT CORPORATION
Tax-exempt · EGG HBR TWP, NJ 08234
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $12,030,175 | $13,292,711 | -$1,262,536 | $2,057,763 | $139,314 | $1,918,449 |
| June 30, 2024 | 990 | $13,484,426 | $12,564,482 | $919,944 | $3,547,970 | $362,891 | $3,185,079 |
| June 30, 2023 | 990 | $11,519,515 | $11,189,872 | $329,643 | $2,395,515 | $130,380 | $2,265,135 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $12,002,992
- of which government grants
- $12,002,992
- Program service revenue
- $17,303
- Investment income
- $0
- Other revenue
- $9,880
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $729,262
- Other salaries and wages
- $5,029,067
- Salaries, compensation and benefits (total)
- $8,388,370
- Professional fundraising fees
- $0
- Legal fees
- $156,301
- Accounting fees
- $242,386
- Occupancy
- $738,930
- Depreciation
- $67,884
- Program services (functional)
- $9,712,068
- Management and general (functional)
- $3,580,643
Balance sheet and other
- Total assets, start of year
- $3,547,970
- Total assets, end of year
- $2,057,763
- Total liabilities, end of year
- $139,314
- Net assets, end of year
- $1,918,449
- Land, buildings and equipment
- $568,607
- Net assets without donor restrictions
- $1,918,449
- Gross receipts
- $12,030,175
- Employees
- 113
- Volunteers
- 5
- Year formed
- 2014
- 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 |
|---|---|---|---|---|
| ALVARO CORES | CHIEF SCHOOL ADMINISTRATOR Officer, Key employee, Highest-paid employee | 40 | $187,826 | $11,186 |
| DR GEORGETTE MEISTER | ASSISTANT DIRECTOR, CURRICULUM & INSTRUCTION Highest-paid employee | 40 | $156,446 | $17,402 |
| JAMES DIONNE | TECHNOLOGY TEAM LEADER Highest-paid employee | 40 | $131,291 | $30,921 |
| ANTWONE SNEAD | SCHOOL SAFETY SPECIALIST Highest-paid employee | 40 | $123,294 | $7,776 |
| SHANTA GREEN | ASSISTANT SCHOOL DIRECTOR Highest-paid employee | 40 | $127,578 | $0 |
| FRANKIE DAVIS | SPECIAL EDUCATION TEACHER Highest-paid employee | 40 | $101,036 | $0 |
| DIRK DACOSTA | PRESIDENT Trustee or director, Officer | 5 | $0 | $0 |
| JEANNE EISELE | MEMBER Trustee or director | 5 | $0 | $0 |
| GARY HILL | MEMBER Trustee or director | 5 | $0 | $0 |
| DR ALBERT MONILLAS | MEMBER Trustee or director | 5 | $0 | $0 |
990 for the year ended June 30, 2024: 9 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ALVARO CORES | CHIEF SCHOOL ADMINISTRATOR Officer, Key employee, Highest-paid employee | 40 | $194,369 | $11,186 |
| DR GEORGETTE MEISTER | ASSISTANT DIRECTOR, CURRICULUM & INSTRUCTION Highest-paid employee | 40 | $134,051 | $17,402 |
| JAMES DIONNE | TECHNOLOGY TEAM LEADER Highest-paid employee | 40 | $116,947 | $30,921 |
| ANTWONE SNEAD | SCHOOL SAFETY SPECIALIST Highest-paid employee | 40 | $122,349 | $7,776 |
| FRANKIE DAVIS | SPECIAL EDUCATION TEACHER Highest-paid employee | 40 | $102,167 | $0 |
| DIRK DACOSTA | PRESIDENT Trustee or director, Officer | 5 | $0 | $0 |
| JEANNE EISELE | MEMBER Trustee or director | 5 | $0 | $0 |
| GARY HILL | MEMBER Trustee or director | 5 | $0 | $0 |
| DR ALBERT MONILLAS | MEMBER Trustee or director | 5 | $0 | $0 |
990 for the year ended June 30, 2023: 7 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ALVARO CORES | CHIEF SCHOOL ADMINISTRATOR Officer, Key employee, Highest-paid employee | 40 | $166,795 | $0 |
| DR GEORGETTE MEISTER | ASSISTANT DIRECTOR, CURRICULUM & INSTRUCTION Highest-paid employee | 40 | $123,964 | $9,795 |
| JAMES DIONNE | TECHNOLOGY TEAM LEADER Highest-paid employee | 40 | $106,049 | $25,844 |
| DIRK DACOSTA | PRESIDENT Trustee or director, Officer | 5 | $0 | $0 |
| JEANNE EISELE | MEMBER Trustee or director | 5 | $0 | $0 |
| GARY HILL | MEMBER Trustee or director | 5 | $0 | $0 |
| DR ALBERT MONILLAS | MEMBER Trustee or director | 5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 6718 BLACK HORSE PIKE STE 16, EGG HBR TWP, NJ 08234-3903
- Principal officer (990 for 2024)
- MICHAEL FALKOWSKI, 6718 E BLACK HORSE PIKE, EGG HARBOR TOWNSHIP, NJ 08234
- Signed the 990
- MICHAEL FALKOWSKI, SCHOOL BUSINESS ADMINISTRATOR
- Phone
- (609) 498-6350
- Return prepared by
- OLUGBENGA OLABINTAN CPA INC
Mission
THE MISSION OF PRINCIPLE ACADEMY CHARTER SCHOOL IS TO SHOW MASTERY OF A STANDARDS DRIVEN, INTERNATIONAL, COLLEGE PREPARATORY CURRICULUM, DELIVERED THROUGH PROVEN RESEARCH BASED INSTRUCTION.
Program accomplishments
- PRINCIPLE ACADEMY CHARTER SCHOOL IS SIMPLY THE BEST CHOICE FOR FAMILIES IN THE GREATER ATLANTIC CITY AREA OF NEW JERSEY SEEKING A KINDERGARTEN THROUGH SIXTH GRADE EDUCATION FOR THEIR STUDENTS. THE CHARTER SCHOOL BASE ITS 21ST CENTURY LEARNING EXPERIENCE UPON A STRONG PERSONALIZED LEARNING PLAN CURRICULUM, A RIGOROUS FOCUS ON CORE VALUES AND A NURTURING SCHOOL ENVIRONMENT WHICH PROMOTES THE SEVEN DIMENSIONS OF WELLNESS. THE CHARTER SCHOOL TAKES PRIDE IN EDUCATING NOT JUST THE 5 THROUGH 12 YEAR OLDS OF TODAY BUT THE 50, 60 AND 70 YEAR OLDS OF THE FUTURE. AS SUCH IT WORKS ON CREATING AND MAINTAINING A LIFETIME INTEREST IN SOCIAL, PHYSICAL, EDUCATIONAL, CAREER, INTELECTUAL , ENVIRONMENTAL AND SPIRITUAL WELLNESS ON THE PART OF ALL OF US AS LIFELONG LEARNERS AND RESPONSIBLE CITIZENS. DURING THE FISCAL YEAR ENDED JUNE 30, 2025 THE CHARTER SCHOOL HAD AN ENROLLMENT OF APPROXIMATELY 424 STUDENTS IN GRADES K TO 6.Expenses $9,712,068
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
- 47-2513283
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Exempt since
- 2023
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B29)
- Assets (IRS master file)
- $2,057,763
- Income (IRS master file)
- $12,030,175
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $12,030,175 | $13,292,711 | $2,057,763 | XML |
| 990 | June 2024 | $13,484,426 | $12,564,482 | $3,547,970 | XML |
| 990 | June 2023 | $11,519,515 | $11,189,872 | $2,395,515 | XML |
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 47-2513283).
Questions about PRINCIPLE ACADEMY CHARTER SCHOOL A NJ NONPROFIT CORPORATION
- What is the EIN of PRINCIPLE ACADEMY CHARTER SCHOOL A NJ NONPROFIT CORPORATION?
- The employer identification number (EIN) of PRINCIPLE ACADEMY CHARTER SCHOOL A NJ NONPROFIT CORPORATION is 47-2513283.
- Is PRINCIPLE ACADEMY CHARTER SCHOOL A NJ NONPROFIT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Which annual return does PRINCIPLE ACADEMY CHARTER SCHOOL A NJ NONPROFIT CORPORATION 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 PRINCIPLE ACADEMY CHARTER SCHOOL A NJ NONPROFIT CORPORATION 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 PRINCIPLE ACADEMY CHARTER SCHOOL A NJ NONPROFIT CORPORATION 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 PRINCIPLE ACADEMY CHARTER SCHOOL A NJ NONPROFIT CORPORATION?
- The 990 for the year ended June 30, 2025 names MICHAEL FALKOWSKI.
- Who are the officers and directors of PRINCIPLE ACADEMY CHARTER SCHOOL A NJ NONPROFIT CORPORATION?
- The 990 for the year ended June 30, 2025 lists 10 people; 6 received compensation from the organization, the highest $187,826 (ALVARO CORES, CHIEF SCHOOL ADMINISTRATOR).
- How much revenue does PRINCIPLE ACADEMY CHARTER SCHOOL A NJ NONPROFIT CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $12,030,175, expenses of $13,292,711 and total assets of $2,057,763 at year end.
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