New Jersey Public Charter Schools Association a Nj Non Profit Corporation

Nonprofit profile at a glance

EIN
223682199
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Hamilton, NJ, USA
Phone
6092832345
Rating
88
Verdict
STRONG
Rating confidence
Moderate
Sector
Research Institutes and/or Public Policy Analysis

Official website

Reported finances

Revenue
$12,034,968
Expenses
$11,644,311
Assets
$5,125,880
Liabilities
$3,269,173

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

16 people listed

Executive titles in this filing

  • HAROLD S LEE (PRESIDENT/CEO/EX OFFICIO)

Highest reported compensation

  • HAROLD S LEE (PRESIDENT/CEO/EX OFFICIO): $277,717 total reported compensation
  • DANIELLE ALPERT (CHIEF EXTERNAL AFFAIRS OFFICER): $205,417 total reported compensation
  • BRIAN DIAMANTE (SR. DIR. OF DATA AND RESEARCH): $145,315 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To advance educational choice for New Jersey's children through quality public charter schools.

What it reported doing in 2024

Advocacy: njpcsa's work to educate the governor's office, state legislators, and the media about the positve contributions and impact of New Jersey public charter schools. Njpcsa advocates for students and their families through support of policies that strengthen the quality of education in New Jersey for all children. In doing so, njpcsa helps high-quality charter schools flourish and open doors to new possibilities and life opportunities for more students. We depend on membership dues and foundation support to support our advocacy efforts.

Operating model

Revenue model
Grant-funded. 83% of the money available for current operations came from government grants.
Distribution model
Grant intermediary. The nonprofit sent 79% of its reported program spending out as grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 96
  • Transparency & Controls: 75
  • Accountability: 100
  • Sustainability: 34
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 94.6%; rating input score 95
  • Program expense ratio: 97.8%; rating input score 98
  • Fundraising efficiency: $1,754.34 raised per $1 spent on fundraising; rating input score 98; 98th percentile among comparable filings

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: 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: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 3.2%; rating input score 47; 47th percentile among comparable filings
  • Total-asset coverage ratio: 0.44; rating input score 13; 13th percentile among comparable filings
  • Liabilities to assets ratio: 0.64; rating input score 20; 20th percentile among comparable filings
  • Officer compensation ratio: 5.4%; rating input score 47; 47th percentile among comparable filings

Growth

  • Program expense growth: 23.9% per year; rating input score 100; 93rd percentile among comparable filings
  • Revenue growth: 19% per year; rating input score 100; 91st percentile among comparable filings
  • Asset growth: 20.8% per year; rating input score 100; 90th percentile among comparable filings

Details

  • Where the money goes: 94.6% of revenue deployed · 97.8% of spending went to programs
  • Governance: 12 of 12 board members independent · 9 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $11.4M in reported program spending
  • Leadership: top reported pay $278K · 16 people listed · 1 of 6 pay-setting controls reported
  • Consistency: 28 of 28 current checks pass
  • Schedules: 7 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 13 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 26 filed money-flow records
  • Related organizations: 23 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Total-asset coverage ratio scored 13/100.
  • Moderate — Sustainability: Operating margin scored 47/100.
  • High — Sustainability: Liabilities to assets ratio scored 20/100.
  • Moderate — Sustainability: Officer compensation ratio scored 47/100.