College Achieve Public Charter Schools Inc
Nonprofit profile at a glance
- EIN
- 454427652
- IRS 990 coverage
- 2014–2024
- Forms available
- Form 990 2024
- Location
- Tinton Falls, NJ, USA
- Phone
- 9086251251
- Rating
- 82
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Nonmonetary Support N.E.C.
Reported finances
- Revenue
- $18,910,128
- Expenses
- $17,526,495
- Assets
- $57,082,842
- Liabilities
- $52,772,518
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
13 people listed
Executive titles in this filing
- MICHAEL PISCAL (CEO)
Highest reported compensation
- MICHAEL PISCAL (CEO): $479,730 total reported compensation
- GEMAR MILLS (EXEC. DIRECT): $453,648 total reported compensation
- GLENN FORNEY (CFO): $404,431 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
College achieve public charter schools will prepare students from underserved communities in New Jersey to excel and graduate from the most competitive colleges and universities in the nation. It is our hope that many of our students will return home after graduation from college and build a stronger, safer, and more prosperous community.
What it reported doing in 2024
College achieve public charter schools, inc. Starts, develops, supports, and manages public charter schools in the state of New Jersey - including developing facilities and real estate, hiring all leadership, providing the curriculum and the training. College achieve's mission is to prepare all of its students to excel in and graduate from the best colleges and universities in the nation. College achieve public charter schools, inc. Has developed nine charter school facilities at market or below market rents for our k-12 public charter schools in three regions of the state of New Jersey: paterson; plainfield and north plainfield; and asbury park and neptune township. This property development includes in most instances significant renovations, financing costs, and consulting and legal costs are funded by college achieve public charter schools, inc. Out of the proceeds of the rents, management fees and fundraising.
Operating model
- Revenue model
- Earned-program. 90% of the money available for current operations came from fees and other program revenue.
- 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
STRONG - 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 reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 78
- Transparency & Controls: 79
- Accountability: 95
- Sustainability: 53
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 84.8%; rating input score 85
- Program expense ratio: 91.9%; rating input score 92
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Pass
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 7.3%; rating input score 61; 61st percentile among comparable filings
- Total-asset coverage ratio: 3.26; rating input score 77; 77th percentile among comparable filings
- Liabilities to assets ratio: 0.92; rating input score 8; 8th percentile among comparable filings
- Officer compensation ratio: 18.2%; rating input score 5; 5th percentile among comparable filings
Growth
- Program expense growth: 23.9% per year; rating input score 100; 93rd percentile among comparable filings
- Revenue growth: 23.7% per year; rating input score 100; 94th percentile among comparable filings
- Asset growth: 35.1% per year; rating input score 100; 97th percentile among comparable filings
Details
- Where the money goes: 84.8% of revenue deployed · 91.9% of spending went to programs
- Governance: 3 of 3 board members independent · 8 of 9 filing controls reported
- Programs: 2 filed program accomplishments · $16.1M in reported program spending
- Leadership: top reported pay $480K · 13 people listed · 2 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $1.7M reported
- Consistency: 32 of 32 current checks pass
- Schedules: 8 filed schedules · includes major donors, grants, and executive pay
- Filing history: 11 filing years from 2014 to 2024
- Contacts: How to reach this organization
- Money network: 11 filed money-flow records
- Related organizations: 4 filed related-organization links
- 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: Other executive compensation review process not reported.
- High — Sustainability: Officer compensation ratio scored 5/100.
- High — Sustainability: Liabilities to assets ratio scored 8/100.