2026-03-18T10:46:19-07:00 2025-06-30 202669703 OLUGBENGA OLABINTAN CPA INC 137 CAMDEN ST STE 3 NEWARK NJ 07103 990 2024-07-01 453689749 BELOVED COMMUNITY CHARTER SCHOOL BELO 2017449775 508 GRAND STREET JERSEY CITY NJ 07302 MARILYN HOOPER SCHOOL BUSINESS ADMINISTRATOR 2017449775 2026-03-18 true true OLUGBENGA OLABINTAN CPA P01608312 2012307518 2026-03-18 X 2024 2025-03-06 01:10:19Z MARILYN HOOPER 508 GRAND STREET JERSEY CITY NJ 07302 53972657 false X N/A X 2012 NJ The misson of the BelovED Community Charter School is to delovep values, skills, knowledge, confidence and character in its scholars that will propel them to success in school, college, and their careers and to the fulfillment of a socially contributory life. 6 6 337 15 0 0 52412841 50338514 149519 76292 560977 2996874 52562360 53972657 0 0 23999860 27636000 0 0 11366041 10084954 35365901 37720954 17196459 16251703 45005867 63311196 3396106 1829188 41609761 61482008 The misson of the BelovED Community Charter School is to delovep values, skills, knowledge, confidence and character in its scholars that will propel them to success in school, college, and their careers and to the fulfillment of a socially contributory life. false false 23655809 0 0 All demographic subgroups at BelovED have a far higher percentage of economically disadvantaged students than the corresponding subgroup Statewide. Given the 30-point academic proficiency gap in New Jersey between economically disadvantaged and non-economically disadvantaged students, statistics would predict proficiency rates at BelovED being lower than across the State. But in fact, the opposite is true. BelovED students of all backgrounds are learning faster and have higher ELA and Math proficiency rates than their demographic subgroup peers statewide. BelovED had an average enrollment of 1560 students during the 2024-2025 school year. 23655809 true true 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 4 0 337 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 CORPORATION 2017449775 508 GRAND STREET JERSEY CITY NJ 07302 NICOLE JACKSON PRESIDENT 5.00 X X 0 0 0 SALVATORE RISALVATO TREASURER 5.00 X 0 0 0 RICH VALDES BOARD MEMBER 5.00 X 0 0 0 SAM MILKHAIL BOARD MEMBER 5.00 X 0 0 0 JOHN GIOTIS BOARD MEMBER 5.00 X 0 0 0 KATHLEEN MONE BOARD MEMBER 5.00 X 0 0 0 MARILYN HOOPER SCHOOL BUSINESS ADMINISTRATOR 35.00 X X 98500 0 8353 MICHELE LINK PRINCIPAL, ELEMENTARY SCHOOL 35.00 X X 209867 0 5958 KENNETH SCHULTZ EXECUTIVE DIRECTOR 35.00 X X 187000 0 0 DUANNE MOELLER DIRECTOR OF OPERATIONS 35.00 X X 137500 0 0 EMILY NICHOLS HIGH SCHOOL MANAGING DIRECTOR 35.00 X X 113750 0 7792 MARISOL GHIZZONE PRINCIPAL, MIDDLE SCHOOL 35.00 X X 111325 0 8641 857942 0 30744 12 false true false 50259168 79346 50338514 FOOD SERVICE PROGRAM 611710 76292 0 0 76292 560977 0 0 MISCELLANEOUS REVENUE 611710 2996874 2996874 0 0 2996874 53972657 3634143 0 0 809867 323947 485920 0 19053104 10952325 8100779 0 607388 242955 364433 0 5646124 3205322 2440802 0 1519517 862635 656882 0 104290 0 104290 0 237636 0 237636 0 1878340 1127004 751336 0 166520 99912 66608 0 2900790 2900790 0 0 355889 306065 49824 0 599285 599285 0 0 MISCELLANEOUS EXPENSES 454783 261745 193038 0 SUPPLIES 1725962 1112365 613597 0 STUDENT TRANSPORTATION 551838 551838 0 0 COST OF FOOD 1109621 1109621 0 0 37720954 23655809 14065145 0 33773872 44738618 75242 2788624 1445421 45000 70500 9471906 888862 8583044 8398371 8398371 45005867 63311196 2760387 193716 376745 258974 117660 1517812 3396106 1829188 X 33048076 53083637 8561685 8398371 41609761 61482008 45005867 63311196 X 16251703 3620544 X false true X true true true X 0 0 0 0 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 7089749 270003 6819746 1771595 416730 1354865 610562 202129 408433 8583044 DEFERRED CAPITAL IMPROVEMENTS 8398371 8398371 PAYROLL LIABILITIES 1142471 INTERGOVERNMENTAL PAYABLE - STATE 375341 1517812 53972657 53972657 53972657 42683454 5318389 5318389 37365065 355889 355889 37720954 Pt XII, Line 2d The difference between the audited expenses and the expenses per this return consists of the capital purchases of $5,318,389 that were expensed under New Jersey Department of Education (NJDOE) GAAP but shown as part of Fixed Assets for US GAAP purposes. Pt XII, Line 4b The depreciation expense of $355,889 charged under US GAAP but not applicable under NJDOE GAAP. true true true true true true true false false false false false false false false true false true Line 3 ADMISSION TO 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 THE NEW JERSEY DEPARTMENT OF AGRICULTURE (NJDOA). IT ALSO RECEIVES SIGNIFICANT FEDERAL FUNDING FROM THE US DEPARTMENT OF EDUCATION PASSED THROUGH TTHE NJDOE. THE CHARTER SCHOOLS RIGHT TO SUCH AID HAS NOT BEEN REVOKED OR SUSPENDED. X X X false false false false false false false false false MICHELE LINK 209867 0 0 0 0 0 0 0 5958 0 215825 0 0 0 KENNETH SCHULTZ 187000 0 0 0 0 0 0 0 0 0 187000 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 GOVERNING BOARD FOR THEIR REVIEW AND APPROVAL. THE APPROVED FORM 990 IS THEN E-FILED WITH THE IRS - BY THE OUTSIDE ACCOUNTING FIRM. Pt VI, Line 12c ALL BOARD MEMBERS AND SCHOOL OFFICERS OF THE CHARTER SCHOOL ARE REQUIRED BY THE LAWS OF THE STATE OF NEW JERSEY TO FILE AN ANNULA 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 SCHOOL OFFICERS DISCLOSE ANY POTENTIAL OR ACTUAL CONFLICTS THAT MAY EXISIT. IF A POTENTIAL OR ACTUAL CONFLICT OF INTEREST EXISTS, MANAGEMENT AND THE GOVERNING BOARD WILL BE NOTIFIED IMMEDIATELY. THE BOARD MEMBER AND/OR THE SCHOOL 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 THE CHARTER SCHOOLS EXECUTIVE DIRECTOR IS DETERMINED, REVIEWED AND APPROVED BY THE BOARD OF TRUSTEES OF THE CHARTER SCHOOL. Pt VI, Line 15b THE COMPENSATION OF ALL OFFICERS AND KEY EMPLOYEES OF THE CHARTER SCHOOL IS DETEMINED ANNUALLY AFTER AN EVALUATION OF THE OFFICERS AND 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: 508 GRAND STREET, JERSEY CITY, NEW JERSEY 07305. TELEPHONE: (201)744-9775. 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: 508 GRAND STREET, JERSEY CITY, NEW JERSEY 07305. TELEPHONE: (201)744-9775. FURTHER, THE CHARTER SCHOOLS ANNUAL AUDIT REPORTS COULD BE OBTAINED FROM THE NEW JERSEY DEPARTMENT OF EDUCATIONS WEBSITE: https://www.nj.gov/education/fpp/acfr/ Pt XI LINE 9 - RECONCILIATION OF NET ASSETS - OTHER CHANGES IN NET ASSETS OF $3,620,544: THIS WAS DUE TO THE NON CAPITALIZATION OF FIXED ASSETS IN THE FORM 990 FOR THE PRIOR YEAR ENDED JUNE 30, 2024.