Central Jersey College Prep (CJCP)
Legal name: Central Jersey College Prep Charter School
Nonprofit profile at a glance
- EIN
- 204477065
- IRS 990 coverage
- 2015–2024
- Official website data refreshed
- Jun 2026
- Forms available
- Form 990 2024
- Location
- Somerset, NJ, United States
- Phone
- 732-649-3954
- Rating
- 72
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Charter Schools
Reported finances
- Revenue
- $33,959,840
- Expenses
- $29,259,555
- Assets
- $26,196,063
- Liabilities
- $10,990,040
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
14 people listed
Executive titles in this filing
- DR NAMIK SERCAN (CEO)
- FERHAN TUNAGUR (President)
- JACKIE LEWIS (Vice President)
Highest reported compensation
- DR NAMIK SERCAN (CEO): $168,600 total reported compensation
- Mr VICTOR BRIGHT (DIRECTOR): $153,627 total reported compensation
- Ms SUZAN DINCER (DIRECTOR): $130,504 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Central Jersey College Prep Charter School (CJCP) is a tuition-free public charter school serving students in grades K–12 in Somerset County. Our vision is to create a dynamic and inclusive educational environment. We are deeply committed to prioritizing student learning, delivering a rigorous college-preparatory curriculum, and pioneering adaptive solutions to address unprecedented and unique challenges, all while ensuring a lasting positive impact on our students' lives and the world. We provide opportunities to support students' growth as whole individuals through meaningful extracurricular activities and athletic pursuits. Equity is the bedrock of our mission. We believe that every student, regardless of their background, deserves equitable access to educational opportunities. We actively work to dismantle barriers, creating a.
What it reported doing in 2024
Central Jersey College Prep Charter School provides a full range of services appropriate to Grades Kindergarten thru 12. These services include regular, as well as special education and basic skills instruction. The Charter School completed the 2024-2025 school year with an enrollment of 1381 students.
Operating model
- Revenue model
- Grant-funded. 86% of the money available for current operations came from government grants.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 68
- Transparency & Controls: 66
- Accountability: 84
- Sustainability: 58
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 71.5%; rating input score 72
- Program expense ratio: 82.9%; rating input score 83
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
- Governance controls: 5 of 8 controls in place; rating input score 62
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 13.8%; rating input score 75; 75th percentile among comparable filings
- Total-asset coverage ratio: 0.9; rating input score 32; 32nd percentile among comparable filings
- Liabilities to assets ratio: 0.42; rating input score 35; 35th percentile among comparable filings
- Officer compensation ratio: 2.4%; rating input score 74; 74th percentile among comparable filings
Growth
- Program expense growth: 19.9% per year; rating input score 100; 90th percentile among comparable filings
- Revenue growth: 17.1% per year; rating input score 100; 89th percentile among comparable filings
- Asset growth: 25.3% per year; rating input score 100; 94th percentile among comparable filings
Details
- What they do: 1 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 71.5% of revenue deployed · 82.9% of spending went to programs
- Governance: 5 of 5 board members independent · 5 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $24.2M in reported program spending
- Leadership: top reported pay $169K · 14 people listed · 1 of 6 pay-setting controls reported
- Highest-paid contractors: 1 contractor listed · $200K reported
- Consistency: 26 of 26 current checks pass
- Schedules: 5 filed schedules · includes executive pay
- Filing history: 10 filing years from 2015 to 2024
- Contacts: How to reach this organization
- Money network: 5 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Accountability: Governance controls: 3 of 8 not reported.
- Moderate — Sustainability: Total-asset coverage ratio scored 32/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 35/100.