2026-03-18T10:42:33-07:00 2025-06-30 202669703 OLUGBENGA OLABINTAN CPA INC 137 CAMDEN ST STE 3 NEWARK NJ 07103 990 2024-07-01 472329333 EMPOWERMENT ACADEMY CHARTER SCHOOL EMPO 2016304799 240 EGE AVENUE JERSEY CITY NJ 07304 MENACHEM BAZIN CPA SCHOOL BUSINESS ADMINISTRATOR 2016304799 2026-03-18 true true OLUGBENGA OLABINTAN CPA P01608312 2012307518 2026-03-18 X 2024 2025-03-06 01:10:19Z MENACHEM BAZIN 240 EGE AVENUE JERSEY CITY NJ 07304 42678541 false X N/A X 2015 NJ EMPOWERMENT ACADEMY CHARTER SCHOOL IS COMMITTED TO CHILDREN HAVING BRIGHTER PROSPECTS. IT IS COMMITTED TO DEVELOPING THE KIND OF VALUES, SKILLS, KNOWLEDGE, CONFIDENCE AND CHARACTER IN THE STUDENTS THAT WILL PROSPEL THEM TO SUCCESS. 5 5 310 15 0 0 26472175 41826714 55622 52037 188249 611541 26527797 42678541 0 0 15533768 25600041 0 0 8396330 8845770 23930098 34445811 2597699 8232730 9363544 29828741 1217291 2226412 8146253 27602329 EMPOWERMENT ACADEMY CHARTER SCHOOL IS COMMITTED TO CHILDREN HAVING BRIGHTER PROSPECTS. IT IS COMMITTED TO DEVELOPING THE KIND OF VALUES, SKILLS, KNOWLEDGE, CONFIDENCE AND CHARACTER IN THE STUDENTS THAT WILL PROSPEL THEM TO SUCCESS. false false 24764394 0 0 EMPOWERMENT ACADEMY CHARTER SCHOOL IS COMMITTED TO CHILDREN HAVING BRIGHTER PROSPECTS. IT IS COMMITTED TO DEVELOPING THE KIND OF VALUES,SKILLS, KNOWLEDGE, CONFIDENCE AND CHARACTER IN THE STUDENTS THAT WILL PROSPEL THEM TO SUCCESS IN SCHOOL, COLLEGE AND CAREER AND LEAD TO A HAPPY CONTRIBUTORY LIFE. THE CHARTER SCHOOL HAD AN AVERAGE ENROLLMENT OF 1266 DURING THE 2024-2025 SCHOOL YEAR. 24764394 true false false false false false false false false false true false false false 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 26 0 310 true false false false false false false false false false false X 5 5 false false false false false false false true true false false true true true true true true true true false NJ X X CORPORATION 2016304799 240 EGE AVENUE JERSEY CITY NJ 07304 MONICA ZASLOWER PRESIDENT 5.00 X X 0 0 0 LONNIE SOBEL VICE PRESIDENT 5.00 X 0 0 0 THOMAS GALLAGHER TREASURER 5.00 X 0 0 0 THOMAS OGORZELEK BOARD MEMBER 5.00 X 0 0 0 DAMI KABIAWU BOARD MEMBER 5.00 X 0 0 0 RICHARD RASCHDORF SCHOOL BUSINESS ADMINISTRATOR 40.00 X X X 169380 0 8097 LISA POWELL PRINCIPAL 40.00 X 160580 0 7156 CRAIG MESSMER PRINCIPAL 40.00 X 158250 0 9472 ANGELA THOMAS DIRECTOR OF EDUCATION 40.00 X 145500 0 2598 MOLLY FRAWLEY DEAN OF CURRICULUM AND INSTRUCTIONS 40.00 X 115000 0 0 748710 0 27323 20 false true false 41826714 41826714 FOOD PROGRAM 611710 52037 0 0 52037 188249 0 0 MISCELLANEOUS REVENUE 611710 611541 611541 0 0 611541 42678541 851827 0 0 799380 319752 479628 0 18066121 12539057 5527064 0 519553 207821 311732 0 4771776 3252464 1519312 0 1443211 983699 459512 0 23874 0 23874 0 182932 0 182932 0 1817200 1090320 726880 0 175550 105330 70220 0 2393127 2393127 0 0 187854 161554 26300 0 353281 353281 0 0 MISCELLANEOUS EXPENSES 252606 104612 147994 0 SUPPLIES 1463119 1257150 205969 0 STUDENT TRANSPORTATION 1594351 1594351 0 0 COST OF FOOD 401876 401876 0 0 34445811 24764394 9681417 0 7058279 24016738 75000 2305265 1227720 4935372 426089 4509283 9363544 29828741 1217291 1548626 46890 630896 1217291 2226412 X 8146253 27602329 8146253 27602329 9363544 29828741 X 8232730 11223346 X false true X true true true X 0 0 0 0 0 0 0 3873430 239266 3634164 1031816 174773 857043 30126 12050 18076 4509283 PAYROLL LIABILITIES 114994 INTERGOVERNMENTAL PAYABLE -STATE 515902 630896 42801403 42801403 42801403 36107493 1849536 1849536 34257957 187854 187854 34445811 Pt XII, Line 2d The difference between the audited expenses and the expenses per this return consists of the following: capital purchases of $1,849,536 that were expensed under New Jersey Department of Education (NJDOE) GAAP but shown as part of Fixed Assets for US GAAP. Pt XII, Line 4b The depreciation expense of $187,854 charged under US GAAP but not applicable under NJDOE GAAP. true true true true true true true true true true true true true true true true false true Line 3 THE CHARTER SCHOOL IS OPEN TO ALL INTERESTED STUDENTS SEEKING ENROLLMENT ON A SPACE AVAILABLE BASIS WITHOUT REGARD TO SEX, RACE, COLOR, CREED, RELIGION, NATIONAL ORIGIN, INTELLECTUAL OR ATHLETIC ABILITY, MEASURES OF ACHIEVEMENT OR APTITUDE, STATUS AS A HANDICAPPED PERSON, PROFICIENCY IN THE ENGLISH LANGUAGE, OR ANY OTHER BASIS PROHIBITED BY NEW JERSEY PUBLIC SCHOOL LAWS, RULES AND REGULATIONS. Line 6b THE CHARTER SCHOOL IS PRIMARILY FUNDED BY THE NEW JERSEY DEPARTMENT OF EDUCATION (NJDOE) AND NEW JERSEY DEPARTMENT OF AGRICULTURE (NJDOA). IT ALSO RECEIVED SIGNIFICANT FEDERAL FUNDING FROM THE US DEPARTMENT OF EDUCATION PASSED THROUGH THE NJDOE. THE CHARTER SCHOOLS RIGHT TO SUCH AID HAS NEVER BEEN REVOKED OR SUSPENDED. X X X false false false false false false false false false RICHARD RASCHDORF 169380 0 0 0 0 0 0 0 8097 0 177477 0 0 0 LISA POWELL 160580 0 0 0 0 0 0 0 7156 0 167736 0 0 0 CRAIG MESSMER 158250 0 0 0 0 0 0 0 9472 0 167722 0 0 0 Pt VI, Line 11b THE CHARTER SCHOOLS FORM 990 IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM. THE PREPARED FORM IS PROVIDED TO THE SCHOOL BUSINESS ADMINISTRATOR AND MEMBERS OF THE THE GOVERNING BOARD FOR THEIR REVIEW AND APPROVAL. THE APPROVED FORM IS E-FILED WITH THE IRS BY THE OUTSIDE ACCOUNTING FIRM. Pt VI, Line 12c ALL BOARD MEMBERS AND SCHOOL OFFICERS ARE REQUIRED BY THE LAWS OF THE STATE OF NEW JERSEY TO FILE AN ANNUAL ETHICS DISCLOSURE STATEMENTS WITH THE NEW JERSEY STATE ETHICS COMMISSION. FURTHER, THE CHARTER SCHOOL HAS IN PLACE ITS OWN CONFLICT OF INTEREST POLICY WHICH IT REGULARLY MONITORS AND ENFORCES. THE BOARD MANDATES THAT ALL MEMBERS OF THE BOARD AND ALL OFFICERS DISCLOSE ANY POTENTIAL OR ACTUAL CONFLICTS THAT MAY EXIST. IF A POTENTIAL OR ACTUAL CONFLICT OF INTEREST EXISTS, MANAGEMENT AND THE GOVERNING BOARD WILL BE NOTIFIED IMMEDIATELY. THE BOARD MEMBER AND/OR THE OFFICER WITH THE CONFLICT WILL NOT BE ALLOWED TO VOTE OR BE PART OF ANY DECISIONS RELATED TO SUCH TRANSACTIONS THAT HAVE TO DO WITH THE CONFLICT UNTIL SUCH TIMES THAT THERE IS NO LONGER A CONFLICT. Pt VI, Line 15a THE COMPENSATION OF SCHOOL BUSINESS ADMINISTRATOR AND THE SCHOOL LEADERS OF THE CHARTER SCHOOL IS REVIEWED AND APPROVED BY THE BOARD OF TRUSTEES OF THE CHARTER SCHOOL. Pt VI, Line 15b THE COMPENSATION OF ALL SCHOOL OFFICERS AND KEY EMPLOYEES OF THE CHARTER SCHOOL IS DETERMINED ANNUALLY AFTER AN EVALUATION OF THE SCHOOL OFFICERS AND KEY EMPLOYEES PERFORMANCE BY THE BOARD. THE COMPENSATION IS BENCHMARKED USING PUBLICLY AVAILABLE RESOURCES SUCH AS FORMS 990 OF OTHER NEW JERSEY CHARTER SCHOOLS. Pt VI, Line 18 THE CHARTER SCHOOL MAKES ITS FORMS 1023 AND 990 AVAILABLE TO THE PUBLIC UPON REQUEST FROM THE BUSINESS OFFICE: 240 EGE AVENUE, JERSEY CITY, NEW JERSEY 07304. TELEPHONE: (201)630-4799. THE FORM 990 COULD ALSO BE OBTAINED FROM OTHERS 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 BUSINESS OFFICE: 240 EGE AVENUE, JERSEY CITY, NEW JERSEY 07304. TELEPHONE: (201)630-4799. THE CHARTER SCHOOLS ANNUAL AUDIT REPORTS COULD ALSO BE OBTAINED FROM THE NJDOES WEBSITE: https://www.nj.gov/education/fpp/acfr/ Pt XI LINE 9 - RECONCILIATION OF NET ASSETS - OTHER CHANGES IN NET ASSETS OF $11,223,346: THIS CONSIST OF A RECLASSIFICATION OF $10,081,719 OF RESTRICTED NET ASSETS THAT WAS ERRONEOUSLY REFLECTED AS AN EXPENDITURE IN THE FORM 990 FOR THE PRIOR YEAR ENDED JUNE 30, 2024. THE BALANCE OF $1,141,627 WAS DUE TO NON CAPITALIZATION OF FIXED ASSETS IN THE FORM 990 FOR THE PRIOR YEAR ENDED JUNE 30, 2024.