| FORM 990 - ORGANIZATION'S 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. |
| FORM 990, PAGE 2, PART III, LINE 4A |
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. |
| FORM 990, PAGE 2, PART III, LINE 4D |
TO PROVIDE THE ACADEMIC MODEL (TRAINING AND THE ACTUAL CURRICULUM) TO THE CHARTER SCHOOLS IN OUR NETWORK. |
| FORM 990, PAGE 6, PART VI, LINE 11B |
A COMPLETE COPY OF THE FORM 990 IS PROVIDED TO ALL MEMBERS OF THE GOVERNING BODY BEFORE FILING. IN ADDITION, A MEETING OF THE CHIEF EXECUTIVE OFFICER, CHIEF FINANCIAL OFFICER AND CHIEF OF STAFF TO REVIEW FORM 990 BEFORE FILING. |
| FORM 990, PAGE 6, PART VI, LINE 12C |
1. AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE BOARD OF TRUSTEES OR COMMITTEE MEETING, BUT AFTER THE PRESENTATION, HE/SHE SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST. 2. THE CHAIRPERSON OF THE BOARD OF TRUSTEES OR COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. 3. AFTER EXERCISING DUE DILIGENCE, THE BOARD OF TRUSTEES OR COMMITTEE SHALL DETERMINE WHETHER THE CORPORATION CAN OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. |
| FORM 990, PAGE 6, PART VI, LINE 15A |
BOARDMEMBERS RECEIEVE A COPY OF THE CHIEF EXECUTIVE OFFICER'S EMPLOYMENT CONTRACT AND DISCUSS COMPARABLE SALARIES, THEN VOTE TO APPROVE OR DISSAPPROVE THE CONTRACT. |
| FORM 990, PAGE 6, PART VI, LINE 19 |
UPON REQUEST, GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC. |
| FORM 990, PART IX, LINE 11G |
CONSULTING FEES 1,839,725 0 0 SUMMER PROGRAM 787,298 0 0 PAYROLL FEES 6,030 1,508 0 TELEPHONE 12,192 3,048 0 LICENSES AND FEES 0 12,031 0 REPAIRS AND MAINTENANCE 1,007,953 0 0 BUSINESS MEALS 43,440 10,860 0 MISCELLANEOUS 5,500 0 0 DUES AND SUBSCRIPTIONS 56,612 0 0 STUDENT SUPPORT 131,245 0 0 BANK CHARGES 694 174 0 DONATIONS 25,764 0 0 OTHER PROFESSIONAL FEES 165,018 0 0 LEASE EXPENSE 45,655 0 0 TRANSPORTATION EXPENSE 84,660 0 0 BAD DEBT EXPENSE 380,000 0 0 TOTAL 4,591,786 27,621 0 |
| FORM 990, PART XI, LINE 9 |
BOOK / TAX DEPRECIATION DIFFERENCE 279,816 |
Attach to Form 990 or 990-EZ.