2024-03-26T23:06:44-07:00 2023-06-30 202669703 OLUGBENGA OLABINTAN CPA INC 137 CAMDEN ST STE 3 NEWARK NJ 07103 990 2022-07-01 200683866 FREEDOM PREP CHARTER SCHOOL FREE 9732967829 186 COLUMBIA TURNPIKE 5145 FLORHAM PARK NJ 07932 SCOTT LOEFFLER DISSOLUTION TRUSTEE 9732967829 2024-03-27 true SCOTT LOEFFLER XXX-XX-XXXX true OLUGBENGA OLABINTAN CPA P01608312 2012307518 2024-03-27 0 AAL1 IAL1 FAL1 2022 2023-04-26 12:10:37Z CO SCOTT J LOEFFLER CPA - DISSOLUTION TRUSTEE SCOTT LOEFFLER P O BOX 553 EAST HANOVER NJ 07936 19923524 false X N/A X 2005 NJ TO EDUCATE RESPONSIBLE CITIZENSCHOLARS FOR SUCCESS IN THE COLLEGE OF THEIR CHOICE AND A LIFE OF ACTIVE CITIZENSHIP. 6 6 131 8 0 0 7990805 4887188 12399555 14644043 664 0 43318 392293 20434342 19923524 0 0 12337833 13031907 0 0 6951938 7382197 19289771 20414104 1144571 -490580 12006247 11273151 7626839 6052705 4379408 5220446 X TO EDUCATE RESPONSIBLE CITIZENSCHOLARS FOR SUCCESS IN THE COLLEGE OF THEIR CHOICE AND A LIFE OF ACTIVE CITIZENSHIP. false true 13670067 0 0 FREEDOM PREP CHARTER SCHOOL PROVIDED AN EXCEPTIONAL ALTERNATIVE FOR STUDENTS AND FAMILIES OTHERWISE SLATED TO ATTEND SCHOOLS THAT TOO OFTEN DO NOT MEET THEIR NEEDS. IT EMBODIED A REFINED NO EXCUSES APPROACH. IN ADDITION TO INCORPORATING THE TRADITIONAL ATTRIBUTES THAT RESEARCHERS HAVE PROVEN TO BE CORRELATED WITH IMPROVED STUDENT LEARNING OUTCOMES - EXTENDED SCHOOL DAYS AND YEARS, RIGOROUS COLLEGE-PREP ACADEMICS, ONGOING USE OF DATA TO INFORM INSTRUCTIONAL DECISIONS AND RESOURCE ALLOCATION, CONSISTENT CULTURAL AND ACADEMIC EXPECTATIONS, AND EXCEPTIONAL TALENT AT ALL LEVELS, FREEDOM PREP CHARTER SCHOOL WAS UNIQUE IN ITS COMMITMENT TO THREE OTHER KEY DESIGN ELEMENTS: A COMMITMENT TO EDUCATING ALL STUDENTS, IN ALL SUBJECTS IN ALL GRADES; AUTHENTIC CIVIC LEADERSHIP AND ENGAGEMENT; AND OPERATING ON PUBLIC FUNDS. THE CHARTER SCHOOL WAS AUTHORIZED TO SERVE A MAXIMUM OF 1,020 STUDENTS DURING THE 2022-2023 SCHOOL YEAR IN GRADES K-12. HOWEVER, IT ENDED THE 2022-2023 SCHOOL YEAR WITH AN ENROLLMENT OF 694 STUDENTS. IT SHOULD BE NOTED THAT EFFECTIVE JUNE 30, 2023, THE SCHOOL'S CHARTER WAS REVOKED BY THE NEW JERSEY COMMISSIONER OF EDUCATION. THEREFORE, THE CHARTER SCHOOL CEASED OPERATIONS EFFECTIVE JUNE 30, 2023. 13670067 true false false false false false false false false false true false false true true false true false true false false false false false false false false false false true false false false false false false false false false false false false false false false false false true 0 0 131 true false false false false false false false false false false X 6 6 false false false false false false false true true false false true true true true true true true true false NJ X X SCOTT LOEFFLER CPA 9732967829 186 COLUMBIA TURNPIKE 5145 FLORHAM PARK NJ 07932 KRYSTIE BIRDSALL PRESIDENT 2.00 X X 0 0 0 MATTHEW DAVIDDOFF VICE PRESIDENT 2.00 X X 0 0 0 JAMES FRIDIE MEMBER 2.00 X 0 0 0 ALEX JONES MEMBER 2.00 X 0 0 0 TOMAS VARELA MEMBER 2.00 X 0 0 0 ALEX ROSADO-TORRES MEMBER 2.00 X 0 0 0 WYOMIA SCOTT EXECUTIVE DIRECTOR 40.00 X X X 224101 0 4670 AMANDA TAYLOR PRINCIPAL 40.00 X 148459 0 3037 PIA GARBUTT PRINCIPAL 40.00 X 149003 0 5765 GERMAINE TARYER PRINCIPAL 40.00 X 124778 0 0 KERSTEEN FORSYTHE HR MANAGER 40.00 X 115119 0 0 761460 0 13472 5 false true false FIRST STUDENT US CORPORATE HEADQUARTERS 191 ROSA CINCINNATI OH 45202 TRANSPORTATION 772435 MASCHIO'S FOOD SERVICES 345 E MAIN STREET CHESTER NJ 07930 FOOD SERVICE 817498 SCHOOL BUSINESS OFFICE 158 SOUTH MAIN STREET HIGHSTOWN NJ 08520 SCHOOL BUSINESS SERVICES 191178 3 4887188 4887188 PER CAPITA STATE AID 611110 14644043 0 0 14644043 MISCELLANEOUS 611110 392293 392293 0 0 392293 19923524 15036336 0 0 1508097 603239 904858 0 7176139 4504990 2671149 0 304988 121995 182993 0 3378338 1987201 1391137 0 664345 390780 273565 0 10327 0 10327 0 243528 0 243528 0 2015383 1209230 806153 0 74073 44444 29629 0 1002912 1002912 0 0 922411 922411 0 0 88316 88316 0 0 MISCELLANEOSU 97017 59412 37605 0 SUPPLIES 1337747 1144654 193093 0 STUDENT TRANSPORTATION 772985 772985 0 0 COST OF FOOD 817498 817498 0 0 20414104 13670067 6744037 0 6835431 9427589 75025 2223279 530339 108825 558277 558277 26920 0 2811792 1240198 12006247 11273151 139483 412328 268380 502995 7218976 5137382 7626839 6052705 X 4379408 5220446 4379408 5220446 12006247 11273151 X -490580 1331618 X false true X true true true X 0 0 0 0 0 0 0 558277 558277 0 0 DEFERRED OUTFLOW OF RESOURCES 1240198 RIGHT-OF-USE ASSETS, NET 0 1240198 DEFERRED INFLOW OF RESOURCES 1616295 NET PENSION LIABILITY 3521087 LEASE LIABILITY 0 PAYABLE TO STATE GOVERNMENT 0 5137382 19923524 19923524 19923524 20414104 20414104 20414104 true true true true true true true false false false false false false false false true false true Line 3 FREEDOM PREP CHARTER SCHOOL MAINTAINED A RACIALLY NONDISCRIMINATORY POLICY TOWARDS ALL STUDENTS IN THAT THE CHARTER SCHOOL DID NOT DISCRIMINATE AGAINST ANY STUDENT OR EMPLOYEE, FOR REASONS OF RACE, COLOR, CREED, SEX, AGE, RELIGION, ETHNIC ORIGIN, FAMILY AFFILIATION, DISABILITIES,SOCIAL OR ECONOMIC STATUS, MARITAL STATUS, SEXUAL ORIENTATION, OR BECAUSE OF LIABILITY FOR SERVICE IN THE UNITED STATES ARMED FORCES. THE RACIAL NONDISCRIMINATORY POLICY IS CONTAINED IN THE CHARTER SCHOOL'S BY-LAWS AND WAS COMMUNICATED TO STUDENTS AND PARENTS. THE CHARTER SCHOOL HAD INTENDED TO PUBLISH THIS POLICY IN ITS BROCHURE AND ON ITS WEBSITE. IN ADDITION, FREEDOM PREP CHARTER SCHOOL CUSTOMARILY DREW ITS STUDENTS FROM LOCAL COMMUNITIES. FURTHER, THE CHARTER SCHOOL ENROLLED STUDENTS OF RACIAL MINORITY GROUPS IN MEANINGFUL NUMBERS. Line 6b THE CHARTER SCHOOL RECEIVED PUBLIC ASSISTANT BY WAY OF PERCENTAGE OF LOCAL TAX LEVY PURSUANT TO REGULATIONS PROMULGATED BY THE STATE OF NEW JERSEY DEPARTMENT OF EDUCATION. IN ADDITION, THE CHARTER SCHOOL RECEIVED FEDERAL ASSISTANCE BY WAY OF GRANTS FROM ESEA/TITLE IA AND IDEA PROGRAMS. OTHER FINANCIAL ASSISTANCE FROM GOVERNMENTAL PROGRAMS WAS ALSO AVAILABLE VIA APPLICATION. X X X false false false false false false false false false WYOMIA SCOTT 224101 0 0 0 0 0 0 0 4670 0 228771 0 0 0 AMANDA TAYLOR 148459 0 0 0 0 0 0 0 3037 0 151496 0 0 0 PIA GARBUTT 149003 0 0 0 0 0 0 0 5765 0 154768 0 0 0 Pt VI, Line 11b THE BOARD OF TRUSTEES AND DESIGNATED CHARTER SCHOOL OFFICIALS REVIEW THE IRS FORM 990 PRIOR TO SUBMISSION AND FILING WITH THE IRS. Pt VI, Line 12c EACH SCHOOL OFFICIAL AND KEY EMPLOYEE AND EACH MEMBER OF THE BOARD OF TRUSTEES MUST COMPLETE A MANDATED "SCHOOL ETHICS/PERSONAL/RELATIVE DISCLOSURE STATEMENT" PURSUANT TO APPLICABLE NEW JERSEY STATE LAW. THESE FORMS ARE FILED WITH THE APPROPRIATE GOVERNMENTAL ENTITIES, ALSO PER APPLICABLE NEW JERSEY STATE LAW. Pt VI, Line 15a SALARY AND COMPENSATION OF THE CHIEF EXECUTIVE OFFICER/LEAD PERSON OF THE CHARTER SCHOOL WAS REVIEWED AND EVALUATED BY THE BOARD OF TRUSTEES OF FREEDOM PREP CHARTER SCHOOL ON AN ANNUAL BASIS. IN CONDUCTING SUCH REVIEW AND EVALUATION, FACTORS SUCH AS PERSONAL STRENGTHS AND WEAKNESSES AS WELL AS GOALS AND ACHIEVEMENTS OF THE CHARTER SCHOOL, AND COMPARABLE SALARY DATA WERE GIVEN DUE WEIGHT AND CONSIDERATION. THE ULTIMATE COMPENSATION AND RECOMMENDATION WAS THEREAFTER APPROVED BY THE BOARD OF TRUSTEES OF THE CHARTER SCHOOL. Pt VI, Line 15b SALARY AND COMPENSATION OF THE CHIEF EXECUTIVE OFFICER/LEAD PERSON OF THE CHARTER SCHOOL WAS REVIEWED AND EVALUATED BY THE BOARD OF TRUSTEES OF FREEDOM PREP CHARTER SCHOOL ON AN ANNUAL BASIS. IN CONDUCTING SUCH REVIEW AND EVALUATION, FACTORS SUCH AS PERSONAL STRENGTHS AND WEAKNESSES AS WELL AS GOALS AND ACHIEVEMENTS OF THE CHARTER SCHOOL, AND COMPARABLE SALARY DATA WERE GIVEN DUE WEIGHT AND CONSIDERATION. THE ULTIMATE COMPENSATION AND RECOMMENDATION WAS THEREAFTER APPROVED BY THE BOARD OF TRUSTEES OF THE CHARTER SCHOOL. Pt VI, Line 18 THE CHARTER SCHOOL MAKES ITS FORMS 1023 AND 990 AVAILABLE TO THE PUBLIC UPON REQUEST FROM THE DISSOLUTION TRUSTEE, SCOTT J. LOEFFLER, CPA AT THEIR OFFICE AT 186 COLUMBIA TURNPIKE # 5145, FLORHAM PARK, NJ 07932, TEL: 973-296-7829 OR 973-585-4989. THE FORM 990 COULD ALSO BE OBTAINED THROUGH OTHER'S WEBSITE: WWW.GUIDESTAR.ORG Pt VI, Line 19 THE CHARTER SCHOOL MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST FROM THE DISSOLUTION TRUSTEE, SCOTT J. LOEFFLER, CPA AT THEIR OFFICE AT 186 COLUMBIA TURNPIKE # 5145, FLORHAM PARK, NJ 07932, TEL: 973-296-7829 OR 973-585-4989. Pt XI PART XI, LINE 9 - THERE WAS AN INCREASE IN NET ASSETS OF $1,331,618 RESULTING FROM THE GASB 68 (PENSION) INFORMATION INCORPORATED INTO THE FINANCIAL STATEMENTS. Pt III, Line 3 IT SHOULD BE NOTED THAT EFFECTIVE JUNE 30, 2023, THE CHARTER SCHOOL'S CHARTER WAS REVOKED BY THE NEW JERSEY COMMISSIONER OF EDUCATION. THE CHARTER REVOCATION WAS DUE TO LOW STUDENT ACADEMIC PERFORMANCE.