2026-05-06T10:44:10-07:00 2025-06-30 810926770 NCHENG LLP CERTIFIED PUBLIC ACCOUNTANTS 40 WALL ST 32ND FL NEW YORK NY 10005 990 2024-07-01 873399013 THE ACADEMY CHARTER SCHOOL 2 ACAD 5164082200 117 N FRANKLIN STREET HEMPSTEAD NY 11550 Alwayne Burke Group CFO 2026-05-06 true true Miaoling Lin P00431817 2127850100 2024 2025-03-06 01:10:19Z BARRINGTON GOLDSON 10906699 false X http://www.academycharterschool.org/ X 2021 NY The School's mission is to create world class competitive scholars who will Learn today, lead tomorrow, and serve in the future. the school seeks to graduate students with the content mastery and life skills needed to excel post-graduation and to position the students in the top five percent of their graduating classes, respectively, in new york. 10 7 91 10 0 215221 749010 4381376 10157689 0 0 4596597 10906699 0 0 2905329 6717437 0 0 3122501 7416575 6027830 14134012 -1431233 -3227313 9082253 46860939 10918475 51924474 -1836222 -5063535 The mission of TACS2 is to offer an interdisciplinary curriculum in a technology-rich environment that challenges students to explore connections across subjects and use experiential learning to bridge the gaps between theory and practice. Enrollment is open to all potential student candidates, with a preference for those residing in the immediate area. false false 11305672 The Schools instructional program is specifically designed to meet all of the New York State Next Generation Standards in English Language Arts, Mathematics, as well as New York State Standards for Science and Social Studies. It is The Schools goal to meet and exceed student performance and assessment standards in students. Instruction is age/grade appropriate with a strong emphasis on the development of students social and academic skills through character building activities. The curricula are focused on building content knowledge and skills to satisfy the requirements for both college preparation and career readiness, and include a strong emphasis on Science, Technology, Engineering and Mathematics (STEM).TACS2 plans to use at the Wyandanch Campus the same curricula currently utilized at the various grades at TACS1s existing elementary school operations in Hempstead and Uniondale.The School offers interdisciplinary curricula that address the academic needs of all students. The Schools curricula are research-based in reading, writing, mathematics, social studies, science, and STEM. Teachers use state of the art presentation technology (interactive boards, document cameras, and related components that enhance instruction and learning) in all subject areas to enhance and differentiate instruction providing multimodal, hands-on, and real-life experiences. Each classroom is equipped with computers. Computer-based instructional programs are used to provide intervention and enrichment opportunities for students. There is a strong emphasis placed on writing in all subject areas.The instructional program caters to the individual academic needs of each child. The use of data through ongoing assessments provides real time information to inform instruction. The information that is gathered is used to provide academic intervention services for struggling students as well as enrichment and challenging activities for all students. 11305672 true true false false false false false false false false true false false false true true true false true false false false false false false false false false false true true false false false false false false false false false false false false false false false true false false false true 24 0 true 91 true false false false false false false false 0 false false false false false false false X 10 7 false false false false false false false true true false true true true true true true true true true true false NY X THE ACADEMY CHARTER SCHOOL 2 5164082200 117 N FRANKLIN STREET HEMPSTEAD NY 11550 Dr Nicholas Stapleton CAO 1.00 40.00 X 0 365602 48538 Bishop Barrington Goldson CEO 1.00 40.00 X 0 341115 26165 Sandrea ONeil General Council 1.00 40.00 X 0 293068 43161 Alwayne Burke Group CFO 1.00 40.00 X 0 291465 41408 Wayne Haughton ED/CDO 1.00 40.00 X 0 292852 33693 Felicia Barracks COO 1.00 40.00 X 0 182106 26118 Quinton Dupree Principal 40.00 0.00 167935 0 27250 Carl Johnson CFO 1.00 40.00 X 0 174732 7182 Donovan Henry CFO 1.00 40.00 X 0 131720 18726 Tyisha Wilson Asst. Principal 40.00 0.00 110973 0 21161 Carla Hemingway-king Instr. Coach 40.00 0.00 110258 0 14790 Robert Stewart Board Chair 1.00 1.00 X X 0 0 0 Dawn West Vice Chair 1.00 1.00 X X 0 0 0 Dale James Treasurer 1.00 1.00 X X 0 0 0 Stephen Rowley Trustee 1.00 0.00 X 0 0 0 Roderick Roberts Trustee 1.00 1.00 X 0 0 0 Marie Graham Trustee 1.00 1.00 X 0 0 0 Dorothy Burton Trustee 1.00 1.00 X 0 0 0 Dr Roger Ball Trustee 1.00 1.00 X 0 0 0 Carol Beckles Trustee 1.00 1.00 X 0 0 0 Claudette Harrison Trustee 1.00 1.00 X 0 0 0 389166 2072660 308192 3 false true false USA COACH BUSES 1282 RICHMOND ROAD STATEN ISLAND NY 10304 TRANSPORATION SERVICES 214072 ALL DELIVERY SERVICE 7 HAROLD AVENUE HEMPSTEAD NY 11550 TRANSPORTATION SERVICES 248372 COMBINED RESOURCES & CONSULTING 155 FIRST STREET SUITE 102 MINEOLA NY 11501 CONSTRUCTION SERVICES 355768 FORCHELLI DEEGAN TERRANA 333 EARLE OVINGTON BLVD SUITE 1010 UNIONDALE NY 11553 LEGAL SERVICES 210379 SJR SECURITY CONSULTANTS LLC 1395 JERUSALM AVENUE MERRICK NY 11566 SECURITY SERVICES 190302 5 637881 111129 749010 FOOD PROGRAM 611710 638808 638808 STUDENT ENROLLMENT 611710 9518881 9518881 10157689 0 0 0 0 0 0 0 0 0 10906699 10157689 0 0 0 0 0 0 5314844 4215182 1099662 102509 81300 21209 872568 692030 180538 427516 343392 84124 110000 110000 49408 47021 2387 42271 42271 0 0 0 603641 244745 358896 108243 108243 0 16500 13087 3413 0 1381272 1095481 285791 0 0 0 1177600 933948 243652 0 1000876 793791 207085 52312 52312 STUDENT SERVICES 832491 832491 REPAIRS & MAINTENANCE 703965 562197 141768 FOOD SERVICE 601917 601917 SUPPLIES 401822 401200 622 334257 287335 46922 14134012 11305672 2828340 0 669023 1499096 5250471 314681 128723 496590 1685550 0 0 0 0 14650 36542972 1634255 7287513 34908717 0 0 0 1948223 314446 1425509 9082253 46860939 933269 2546224 7179963 39250000 300000 805000 2505243 9323250 10918475 51924474 X -1836222 -5063535 -1836222 -5063535 9082253 46860939 -3227313 X false true X true false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2776000 2776000 30382026 737419 29644607 104749 35842 68907 2118146 722116 1396030 1162051 138878 1023173 34908717 DUE TO AFFILIATE 9323250 9323250 X 10906699 10906699 10906699 14134012 14134012 14134012 Part X : FIN48 Footnote TACS2 is exempt from income taxes under 501(c)(3) of the Internal Revenue Code (the Code). TACS2 has analyzed tax positions taken for filing with the Internal Revenue Service and state jurisdictions where it operates. TACS2 does not anticipate any significant uncertain tax positions that would require recognition in the financial statements. Periods ending June 30, 2022 and subsequent remain subject to examination by the taxing authorities. true true true true false true true false false false false false false false false true false true Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized The school adhereS to the provisions of Section 2854 (2) of the Education Law to guide the admission policies and procedures.The school is open to any student who is qualified under the laws of New York for admission to a public school. Admission of students IS not limited on the basis of intellectual ability, measures of achievement or aptitude, athletic ability, disability, race, creed, national origin, religion, ancestry, proficiency in English or any other ground that would be unlawful. In short, there will be no admission requirements and no tests of any sort will be given to determine whether or not admission will be granted. Schedule E, Line 4 - Explanation of Records and Materials Not Maintained THE SCHOOL IS GEARED TOWARDS KINGDERGARTEN TO 8th GRADE STUDENTS IN WHICH THEY DO NOT OFFER SCHOLARSHIPS. THEREFORE, RECORDS DOCUMENTING SCHOLARSHIPS ARE NOT APPLICABLE. Schedule E, Line 5 - Explanation of Organization Discrimination by Race Schedule E, Line 6 - Explanation of Aid or Assistance from Governmental Agency SCHEDULE E- EXPLANATION FOR LINE 6ATHE SCHOOL APPLIES FOR VARIOUS GOVERNMENT GRANTS EACH YEAR WHICH ARE BASED ON SEVERAL FACTORS SUCH AS TOTAL STUDENTS ENROLLED IN THE SCHOOL. REIMBURSEMENT UNDER PER-PUPIL GRANTS IS THE RESULT OF THE CALCULATION OF FULL-TIME EQUIVALENT STUDENTS ATTENDING THE SCHOOL MULTIPLIED BY A RATE DETERMINDED EACH YEAR BY NEW YORK STATE. X false false false false false false false false false Alwayne Burke Group CFO 256561 34904 9749 31659 332873 Bishop Barrington Goldson CEO 285484 55631 13071 13094 367280 Carl Johnson CFO 161132 13600 6347 835 181914 Donovan Henry CFO 131720 6078 12648 150446 Dr Nicholas Stapleton CAO 330688 34914 15326 33212 414140 Felicia Barracks COO 163868 18238 7151 18967 208224 Quinton Dupree Principal 167935 5755 21495 195185 Sandrea ONeil General Council 258168 34900 12043 31118 336229 Wayne Haughton ED/CDO 257837 35015 12669 21024 326545 A TOWN OF BABYLON LD CORP 116001924 05618TAA7 2023-07-27 4765000 ACQ./CONST. SCHOOL BLDG false false false B TOWN OF BABYLON LD CORP 116001924 05618TAB5 2023-07-27 11970000 ACQ./CONST. SCHOOL BLDG false false false C TOWN OF BABYLON LD CORP 116001924 05618TAC3 2023-07-27 22515000 ACQ./CONST. SCHOOL BLDG false false false A 4693525 4357577 274790 61158 false false true true B 11790450 10946525 690291 153634 false false true true C 22177275 20589893 1298405 288978 false false true true A false false false false false false false B false false false false false false false C false false false false false false false A true false B true false C true false A true B true C true Part VI ON JULY 27, 2023, THE TOWN OF BABYLON L.D. CORPORATION II PROVIDED FINANCING THROUGH THE ISSUANCE OF $39,250,000 IN TAX-EXEMPT EDUCATION REVENUE BONDS (THE SERIES 2023A BONDS), BEARING INTEREST FROM 5.75% TO 6.65% PER ANNUM, WITH PRINCIPAL DUE AT VARYING AMOUNTS ANNUALLY THROUGH MATURITY ON FEBRUARY 1, 2053, AS WELL AS A $805,000 TAXABLEEDUCATION REVENUE BOND (THE SERIES 2023B BONDS), BEARING INTEREST AT 7.25% DUE AT VARYING AMOUNTS ANNUALLY THROUGH MATURITY ON FEBRUARY 1, 2027.OF THE TOTAL BOND PROCEEDS OF $40,055,000, The academy charter school 2 ("TACS2") WAS ALLOCATED $7,179,963 IN ORDER TO REFINANCE THE LOANS OBTAINED FOR THE EARLY LEARNING FACILITY. $6,246,157 OF THE PROCEEDS WERE USED TO REPAY TACS FOR THE FUNDS LOANED TO TACS2 FOR THE COSTS OF ACQUISITION AND RENOVATION OF AN APPROXIMATELY 9,800 SQUARE FEET 1-STORY BUILDING FOR THE EARLY LEARNING FACILITY. $933,806 WAS USED TO PAY OFF THE OUTSTANDING MORTGAGE BALANCE ON THE EARLY LEARNING FACILITY. THE REMAINING PROCEEDS FROM THE $40,055,000 BOND ISSUANCE ALLOCATED TO Friends of the academy, Inc. ("FOTA") WERE USED FOR THE ACQUISITION OF LAND, EQUIPMENT, FURNISHINGS, AND THE CONSTRUCTION COSTS OF THE NEW SCHOOL FACILITY. PRIOR TO CLOSING ON THE BONDS, TACS2 DISBURSED $4,602,330 TO ATTORNEYS, ARCHITECTS, ENGINEERS, AND THE CONTRACTOR FROM FUNDS WHICH WERE BORROWED FROM TACS. AT CLOSING, THESE COSTS WERE REIMBURSED TO TACS2, WHO SUBSEQUENTLY REPAID TACS.The Academy Charter School ("TACS"), and TACS2, are co-obligors on all outstanding bond series including the 2023 bond series. As of February 27, 2025, title of the New School Facility was transferred to TACS2. This transfer of title released FOTA from all obligations relating to the 2023 bond series.As of June 30, 2025, the total outstanding bond principal amount was $40,055,000. Form 990, Part VI, Section B, Line 11b THE DRAFT 990 IS FIRST REVIEWED BY CFO AND GROUP CFO OF THE SCHOOL. THE DRAFT IS THEN CIRCULATED TO BOARD MEMBERS FOR THEIR REVIEW AND COMMENTS PRIOR TO FILING THE 990. Form 990, Part VI, Section B, Line 12c DESCRIPTION OF PROCESS TO MONITOR TRANSACTIONS FOR CONFLICTS OF INTEREST.A. EACH COVERED PERSON SHALL ANNUALLY SIGN A STATEMENT THAT AFFIRMS THAT SUCH PERSON: 1. HAS RECEIVED A COPY OF THE POLICY. 2. HAS READ AND UNDERSTANDS THE POLICY. 3. HAS AGREED TO COMPLY WITH THE POLICY, AND 4. UNDERSTANDS THAT THE CORPORATION IS A CHARITABLE ORGANIZATION AND THAT IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION AND THE TRUST OF THE PUBLIC IT MUST DILIGENTLY AVOID CONFLICTS OF INTEREST OR THE APPEARANCE OF ANY CONFLICT AND ENGAGE PRIMARILY IN ACTIVITIES THAT ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES.B. THIS POLICY SHALL BE REVIEWED ANNUALLY FOR THE INFORMATION AND GUIDANCE OF COVERED PERSONS, AND ANY NEW COVERED PERSON SHALL BE ADVISED OF THE POLICY UPON BECOMING A COVERED PERSON AND SHALL FILE AN ANNUAL STATEMENT WITH THE CORPORATION.C. TO FURTHER THE PURPOSE OF THE DISCLOSURE PROVISIONS OF THIS POLICY. Form 990, Part VI, Section B, Line 15a THE SALARY BUDGET IS PREPARED AT THE RECOMMENDATION OF THE PRINCIPAL AND BOARD FINANCE COMMITTE. OTHER TEACHER SALARY SCALES, INCLUDING THE DOE ARE TAKEN INTO ACCOUNT WHEN DETERMINING SALARIES. Form 990, Part VI, Section C, Line 19 ALL THE PUBLIC DOCUMENTS ARE AVAILABLE UPON REQUEST. ALSO, THE ORGANIZATION TIMELY FILED ITS INITIAL NYS CHAR 500 ANNUAL REPORT WITH THE OFFICE OF THE NY STATE ATTORNEY GENERAL AND ITS STATUS AS AN EXEMPT SCHOOL has been approved. THE ACADEMY CHARTER SCHOOL 117 NORTH FRANKLIN STREET HEMPSTEAD NY 11550 800353508 CHARTER SCHOOL NY 501(C)(3) 170(b)(1)(A)(ii) N/A false FRIENDS OF THE ACADEMY INC 117 NORTH FRANKLIN STREET HEMPSTEAD NY 11550 473782216 EDUCATION ENRICHMENT PROGRAMS NY 501(C)(3) 170(b)(1)(A)(iv) N/A false false false false true true false false false false false true false false false false true true false true THE ACADEMY CHARTER SCHOOL e 11537364 Amount owed THE ACADEMY CHARTER SCHOOL p 4708668 payment amounts FRIENDS OF THE ACADEMY INC d 1421824 PAID AMOUNT FRIENDS OF THE ACADEMY INC e 32875037 bond transfer FRIENDS OF THE ACADEMY INC k 1218667 rent paid FRIENDS OF THE ACADEMY INC q 40765 amount paid FRIENDS OF THE ACADEMY INC s 32875037 carrying value TRANSFER OF PROPERTY ON FEBRUARY 27, 2025, THE ORGANIZATION TRANSFERRED PROPERTY AND EQUIPMENT WITH A CARRYING VALUE OF $28,191,473 AND RESTRICTED CASH RESERVES REMAINING FROM BOND PROCEEDS OF $2,712,215 TO ITS SUPPORTING ORGANIZATION, FRIENDS OF THE ACADEMY, INC. ("FOTA") IN ACCORDANCE WITH THE DEVELOPMENT PLANNING SERVICE AGREEMENT, WHICH ALLOWED FOR THE TRANSFER OF TITLE BACK TO THE ORGANIZATION UPON DEVELOPMENT COMPLETION. IN CONNECTION WITH THE TRANSFER, THE ORGANIZATION ASSUMED BOND OBLIGATIONS WITH AN OUTSTANDING PRINCIPAL BALANCE OF $32,875,037 AND THE RELATED UNAMORTIZED DEBT ISSUANCE COSTS OF $1,971,349. THE TRANSACTION WAS BETWEEN RELATED ORGANIZATIONS DESCRIBED UNDER SECTION 501(C)(3), INVOLVED NO CONSIDERATION, AND DID NOT CONSTITUTE A SALE OR EXCHANGE. AMOUNTS REPORTED REFLECT CARRYING VALUES AND OUTSTANDING BALANCES AS OF FEBRUARY 27,2025.