Nonprofit · EIN 65-1203744
ACHIEVEMENT FIRST INC
Tax-exempt · NEW HAVEN, CT 06513
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $54,910,923 | $50,940,462 | $3,970,461 | $98,826,630 | $61,510,307 | $37,316,323 |
| June 30, 2024 | 990 | $56,469,410 | $51,110,544 | $5,358,866 | $91,730,615 | $58,384,753 | $33,345,862 |
| June 30, 2023 | 990 | $41,941,956 | $52,573,871 | -$10,631,915 | $43,942,379 | $15,955,383 | $27,986,996 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $7,597,880
- Program service revenue
- $36,550,098
- Investment income
- $406,469
- Net rental income
- $10,118,551
- Net gain from sales of assets
- -$62
- Other revenue
- $10,356,476
Expenses
- Grants and similar amounts paid
- $3,076,582
- Compensation of officers, directors and key employees
- $420,000
- Other salaries and wages
- $26,859,251
- Salaries, compensation and benefits (total)
- $32,576,639
- Professional fundraising fees
- $0
- Legal fees
- $165,116
- Accounting fees
- $56,174
- Occupancy
- $6,440,704
- Travel
- $1,368,431
- Depreciation
- $1,023,506
- Program services (functional)
- $42,064,816
- Management and general (functional)
- $7,918,968
- Fundraising (functional)
- $956,678
Balance sheet and other
- Total assets, start of year
- $91,730,615
- Total assets, end of year
- $98,826,630
- Total liabilities, end of year
- $61,510,307
- Net assets, end of year
- $37,316,323
- Land, buildings and equipment
- $2,554,453
- Net assets without donor restrictions
- $33,895,709
- Net assets with donor restrictions
- $3,420,614
- Gross receipts
- $54,910,985
- Employees
- 290
- Volunteers
- 10
- Year formed
- 2003
- State of legal domicile
- CT
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 |
|---|---|---|---|---|
| LISA MARGOSIAN | CEO Officer | 40 | $418,392 | $4,900 |
| MICHAEL RABIN | CHIEF STRATEGY OFFICER Highest-paid employee | 40 | $212,422 | $44,625 |
| RUCHIKA SHARMA | CHIEF PEOPLE OFFICER Highest-paid employee | 40 | $251,265 | $0 |
| JOHN SHARKEY | CHIEF ACADEMIC OFFICER Highest-paid employee | 40 | $219,369 | $12,693 |
| DUMAR PADEN | CHIEF OF SCHOOLS, HIGH SCHOOL Highest-paid employee | 40 | $213,343 | $14,016 |
| TIFFANY BOSTIC | CHIEF OF SUPPORT SERVICES Highest-paid employee | 40 | $209,942 | $12,490 |
| ANDREW BOAS | CHAIR/ACTING TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| CARRIE SCHINDELE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ELIZABETH ROSE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JENNIFER MULHERN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KATHY HAMEL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KATIE BALLAH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PINAK PUJARI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RESHMA SINGH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SHELLY CLEARY | DIRECTOR Trustee or director | 1 | $0 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| VALERIE ROCKEFELLER | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 19 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LISA MARGOSIAN | CEO Officer | 40 | $476,432 | $4,660 |
| KAROLYN BELCHER | SUPERINTENDENT Highest-paid employee | 40 | $288,627 | $13,211 |
| XANTHE JORY | CHIEF OPERATING OFFICER Highest-paid employee | 40 | $250,155 | $37,645 |
| BLAKELY SIMONEAU | GENERAL COUNSEL Highest-paid employee | 40 | $271,049 | $5,235 |
| CHARMAYNE JOSEPH | EXECUTIVE-TEAM REGIONAL SUPERINTENDENT Highest-paid employee | 40 | $221,841 | $43,679 |
| JOHN SHARKEY | CHIEF ACADEMIC OFFICER Highest-paid employee | 40 | $225,905 | $10,641 |
| ANDREW BOAS | CHAIR/ACTING TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| ARIELA ROZMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CARRIE SCHINDELE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ELIZABETH ROSE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GRISELDA RODRIGUEZ-SOLOMON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JENNIFER MULHERN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHN MOTLEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| K PERCY BALLAH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KATIE BALLAH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| VALERIE ROCKEFELLER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| WILLIAM BUCK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NEIL SHAH | OUTGOING OUTSOURCED CFO Officer | 40 | $0 | $0 |
| OMAR MAYYASI | OUTSOURCED CFO Officer | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| FATIMAH BARKER | OUTGOING CEO Officer | 40 | $394,241 | $22,168 |
| DE-LEA DEANE | CHIEF EQUITY OFFICER Highest-paid employee | 40 | $277,188 | $24,433 |
| LISA MARGOSIAN | CEO Officer | 40 | $263,461 | $1,067 |
| XANTHE JORY | CHIEF OPERATING OFFICER Highest-paid employee | 40 | $227,466 | $28,514 |
| JESSE BALIS-HARRIS | CHIEF OF SCHOOLS Highest-paid employee | 40 | $231,359 | $24,574 |
| STEPHANIE BLAKE | SUPERINTENDENT Highest-paid employee | 40 | $228,048 | $18,041 |
| SUSAN COCUZZA | CHIEF OF STAFF Highest-paid employee | 40 | $226,300 | $12,149 |
| NEIL SHAH | CHIEF FINANCIAL OFFICER Officer | 40 | $220,650 | $0 |
| ANDREW BOAS | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| ANTHONY L DAVIS | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| ARIELA ROZMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GRISELDA RODRIGUEZ-SOLOMON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHN MOTLEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| K PERCY BALLAH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| VALERIE ROCKEFELLER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| WILLIAM BUCK | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 470 JAMES STREET STE 007, NEW HAVEN, CT 06513-3175
- Principal officer (990 for 2024)
- ANDREW BOAS, 470 JAMES STREET 007, NEW HAVEN, CT 06513
- Signed the 990
- ANDREW BOAS, CHAIRMAN
- Phone
- (203) 773-3223
- Website
- WWW.ACHIEVEMENTFIRST.ORG
- Return prepared by
- COHNREZNICK ADVISORY LLC
Mission
ACHIEVEMENT FIRST, INC. IS A NON-PROFIT CHARTER SCHOOLS MANAGEMENT ORGANIZATION THAT OPERATES A NETWORK OF K-12 PUBLIC CHARTER SCHOOLS IN CONNECTICUT, RHODE ISLAND, AND NEW YORK. THE NETWORK OF SCHOOLS FOCUSES ON PROVIDING STUDENTS WITH THE ACADEMIC AND CHARACTER SKILLS THEY NEED TO GRADUATE FROM TOP COLLEGES, TO SUCCEED IN A COMPETITIVE WORLD, AND TO SERVE AS THE NEXT GENERATION OF LEADERS OF THEIR COMMUNITIES.
Program accomplishments
- EDUCATIONAL, FINANCIAL AND MANAGEMENT SERVICES TO CHARTER SCHOOLS IN CONNECTICUT, NEW YORK AND RHODE ISLAND.Expenses $39,696,370 · grants $263,455 · revenue $36,788,023
- SCHOOL GRANTS: TO PROVIDE ASSISTANCE TO A NETWORK OF K-12 PUBLIC CHARTER SCHOOLS IN CONNECTICUT, RHODE ISLAND, AND NEW YORK. THE NETWORK OF SCHOOLS FOCUSES ON PROVIDING STUDENTS WITH THE ACADEMIC AND CHARACTER SKILLS THEY NEED TO GRADUATE FROM TOP COLLEGES, TO SUCCEED IN A COMPETITIVE WORLD, AND TO SERVE AS THE NEXT GENERATION OF LEADERS OF THEIR COMMUNITIES. CONTRIBUTIONS, GIFTS, AND GRANTS WERE RECEIVED BY THE ORGANIZATION WHICH WERE USED TO COVER THE EXPENSES OF THESE PROGRAMS.Expenses $2,368,446 · grants $2,813,127
- IMPROVEMENT OF EDUCATIONAL EXPERIENCES RELATED TO PREPARATION AND SUCCESS IN COLLEGE, INNOVATION IN ELEMENTARY SCHOOL DESIGN, PARENT AND COMMUNITY ENGAGEMENT AND, SHARING EDUCATIONAL PRACTICES WITH TRADITIONAL PUBLIC AND OTHER CHARTER SCHOOLS.
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
- 65-1203744
- 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
- 2004
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B29)
- Assets (IRS master file)
- $98,826,630
- Income (IRS master file)
- $54,910,985
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $54,910,923 | $50,940,462 | $98,826,630 | IRS |
| 990 | June 2024 | $56,469,410 | $51,110,544 | $91,730,615 | IRS |
| 990 | June 2023 | $41,941,956 | $52,573,871 | $43,942,379 | XML |
| 990 | June 2022 | $47,620,076 | $51,627,041 | $52,266,888 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | 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 65-1203744).
Questions about ACHIEVEMENT FIRST INC
- What is the EIN of ACHIEVEMENT FIRST INC?
- The employer identification number (EIN) of ACHIEVEMENT FIRST INC is 65-1203744.
- Is ACHIEVEMENT FIRST INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2004.
- Are donations to ACHIEVEMENT FIRST INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ACHIEVEMENT FIRST 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 ACHIEVEMENT FIRST 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 ACHIEVEMENT FIRST 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 ACHIEVEMENT FIRST INC?
- The 990 for the year ended June 30, 2025 names ANDREW BOAS.
- Who are the officers and directors of ACHIEVEMENT FIRST INC?
- The 990 for the year ended June 30, 2025 lists 16 people; 6 received compensation from the organization, the highest $418,392 (LISA MARGOSIAN, CEO).
- How much revenue does ACHIEVEMENT FIRST INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $54,910,923, expenses of $50,940,462 and total assets of $98,826,630 at year end.
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