2026-04-12T15:59:06-07:00 2025-06-30 202669703 OLUGBENGA OLABINTAN CPA INC 137 CAMDEN ST STE 3 NEWARK NJ 07103 990 2024-07-01 472513283 PRINCIPLE ACADEMY CHARTER SCHOOL PRIN 6094986350 6718 E BLACK HORSE PIKE EGG HARBOR TOWNSHIP NJ 08234 MICHAEL FALKOWSKI SCHOOL BUSINESS ADMINISTRATOR 6094986350 2026-04-12 true true OLUGBENGA OLABINTAN CPA P01608312 2012307518 2026-04-12 X 2024 2025-03-06 01:10:19Z MICHAEL FALKOWSKI 6718 E BLACK HORSE PIKE EGG HARBOR TOWNSHIP NJ 08234 12030175 false X https://principleacademycharter.org X 2014 NJ THE MISSION OF PRINCIPLE ACADEMY CHARTER SCHOOL IS TO SHOW MASTERY OF A STANDARDS DRIVEN, INTERNATIONAL, COLLEGE PREPARATORY CURRICULUM, DELIVERED THROUGH PROVEN RESEARCH BASED INSTRUCTION. 4 4 113 5 0 0 13440424 12002992 19476 17303 0 24526 9880 13484426 12030175 0 0 8145894 8388370 0 0 4418588 4904341 12564482 13292711 919944 -1262536 3547970 2057763 362891 139314 3185079 1918449 THE MISSION OF PRINCIPLE ACADEMY CHARTER SCHOOL IS TO SHOW MASTERY OF A STANDARDS DRIVEN, INTERNATIONAL, COLLEGE PREPARATORY CURRICULUM, DELIVERED THROUGH PROVEN RESEARCH BASED INSTRUCTION. false false 9712068 0 0 PRINCIPLE ACADEMY CHARTER SCHOOL IS SIMPLY THE BEST CHOICE FOR FAMILIES IN THE GREATER ATLANTIC CITY AREA OF NEW JERSEY SEEKING A KINDERGARTEN THROUGH SIXTH GRADE EDUCATION FOR THEIR STUDENTS. THE CHARTER SCHOOL BASE ITS 21ST CENTURY LEARNING EXPERIENCE UPON A STRONG PERSONALIZED LEARNING PLAN CURRICULUM, A RIGOROUS FOCUS ON CORE VALUES AND A NURTURING SCHOOL ENVIRONMENT WHICH PROMOTES THE SEVEN DIMENSIONS OF WELLNESS. THE CHARTER SCHOOL TAKES PRIDE IN EDUCATING NOT JUST THE 5 THROUGH 12 YEAR OLDS OF TODAY BUT THE 50, 60 AND 70 YEAR OLDS OF THE FUTURE. AS SUCH IT WORKS ON CREATING AND MAINTAINING A LIFETIME INTEREST IN SOCIAL, PHYSICAL, EDUCATIONAL, CAREER, INTELECTUAL , ENVIRONMENTAL AND SPIRITUAL WELLNESS ON THE PART OF ALL OF US AS LIFELONG LEARNERS AND RESPONSIBLE CITIZENS. DURING THE FISCAL YEAR ENDED JUNE 30, 2025 THE CHARTER SCHOOL HAD AN ENROLLMENT OF APPROXIMATELY 424 STUDENTS IN GRADES K TO 6. 9712068 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 34 0 113 true false false false false false false false false false false X 4 4 false false false false false false false true true false false true true true true true true true true false NJ X X CORPORATION 6094986350 6718 E BLACK HORSE PIKE EGG HARBOR TOWNSHIP NJ 08234 DIRK DACOSTA PRESIDENT 5.00 X X 0 0 0 JEANNE EISELE MEMBER 5.00 X 0 0 0 GARY HILL MEMBER 5.00 X 0 0 0 DR ALBERT MONILLAS MEMBER 5.00 X 0 0 0 ALVARO CORES CHIEF SCHOOL ADMINISTRATOR 40.00 X X X 187826 0 11186 DR GEORGETTE MEISTER ASSISTANT DIRECTOR, CURRICULUM & INSTRUCTION 40.00 X 156446 0 17402 JAMES DIONNE TECHNOLOGY TEAM LEADER 40.00 X 131291 0 30921 FRANKIE DAVIS SPECIAL EDUCATION TEACHER 40.00 X 101036 0 0 ANTWONE SNEAD SCHOOL SAFETY SPECIALIST 40.00 X 123294 0 7776 SHANTA GREEN ASSISTANT SCHOOL DIRECTOR 40.00 X 127578 0 0 827471 0 67285 6 false true false POLYMATH ACHIEVEMENT CHARTERS LLC 110 DOUGHTY ROAD PLEASANTVILLE NJ 08232 EDUCATIONAL SERVICES 1643744 CARDIFF CENTER LLC C/O PAGANO REAL ESTATE 420 BLVD STE MOUNTAIN LAKES NJ 07046 CONSTRUCTION SERVICES 670824 SBO MANAGEMENT LLC 106 OCEAN AVE POINT PLEASANT NJ 08742 SCHOOL BUSINESS SERVICES 228798 3 12002992 12002992 FOOD SERVICE 611110 643 0 0 AFTER SCHOOL PROGRAM 611110 16660 0 0 17303 MISCELLANEOUS REVENUE 611110 9880 9880 0 0 9880 12030175 27183 0 0 729262 291705 437557 0 5029067 4228845 800222 0 208172 83269 124903 0 1981357 1555455 425902 0 440512 345822 94690 0 156301 0 156301 0 242386 0 242386 0 2485294 1491176 994118 0 738930 738930 0 0 67884 58380 9504 0 77567 77567 0 0 MISCELLANEOUS EXPENSES 67153 54253 12900 0 SUPPLIES 627279 355657 271622 0 STUDENT TRANSPORTATION 30128 30128 0 0 COMMUNICATIONS AND TELEPHONE 26345 15807 10538 0 385074 385074 0 0 13292711 9712068 3580643 0 2280089 913526 75000 75000 507995 392297 1056222 487615 576553 568607 108333 108333 3547970 2057763 64278 8649 298613 130665 362891 139314 X 3185079 1918449 3185079 1918449 3547970 2057763 -1262536 -4094 X false true true true true X 0 0 0 0 0 0 0 602407 110786 491621 309117 241265 67852 144698 135564 9134 568607 OTHER CURRENT ASSETS 108333 108333 STATE AID PAYABLE 130665 130665 12030175 12030175 12030175 13284765 59938 59938 13224827 67884 67884 13292711 Pt XII, Line 2d CAPITAL EXPENDITURES EXPENSED UNDER NEW JERSEY DEPARTMENT OF EDUCATION (NJDOE) GAAP BUT CAPITALIZED ON THE BALANCE SHEET UNDER US GAAP. Pt XII, Line 4b DEPRECIATION EXPENSE CHARGED UNDER US GAAP BUT NOT CHARGED 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 PRINCIPLE ACADEMY CHARTER SCHOOL IS OPEN TO ALL INTERESTED STUDENTS SEEKING ENROLLMENT IN GRADES K-6 ON A SPACE AVAILABLE BASIS WITHOUT REGARD TO SEX, RACE, COLOR, CREED, RELIGION, NATIONAL ORIGIN, INTELECTUAL OR ATHLETIC ABILITY, MEASURE OF ACHIEVEMENT OR APTITUDE, STATUS AS A HANDICAPPED PERSON, PROFICIENCY IN THE ENGLISH LANGUAGE, OR ANY OTHER BASIS PROHIBITED BY NEW JERSEY PUBLIC SCHOOL REGULATIONS. Line 6b PRINCIPLE ACADEMY CHARTER SCHOOL IS PRIMARILY FUNDED BY NEW JERSEY DEPARTMENT OF EDUCATION (NJDOE) AND NEW JERSEY DEPARTMENT OF AGRICULTURE. IT ALSO RECEIVES FUNDING FROM THE US DEPARTMENT OF EDUCATION PASSED THROUGH 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 ALVARO CORES 187826 0 0 0 0 0 0 0 11186 0 199012 0 0 0 DR GEORGETTE MEISTER 156446 0 0 0 0 0 0 0 17402 0 173848 0 0 0 JAMES DIONNE 131291 0 0 0 0 0 0 0 30921 0 162212 0 0 0 Pt VI, Line 11b THE CHARTER SCHOOLS FORM 990 IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM. IT IS PROVIDED TO THE CHIEF SCHOOL ADMINISTRATOR AND MEMBERS OF THE BOARD OF TRUSTEES FOR THEIR REVIEW AND APPROVAL. THE APPROVED FORM 990 IS FILED BY THE OUTSIDE ACCOUTING FIRM. Pt VI, Line 12c ALL MEMBERS OF THE BOARD AND ALL OFFICERS OF THE CHARTER SCHOOL ARE REQUIRED BY LAWS OF THE STATE OF NEW JERSEY TO FILE ANNUAL ETHICS DISCLOSURE STATEMENTS. THE FILING IS 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 EXIST, MANAGEMENT AND THE GOVERNING BOARD WILL BE NOTIFIED IMMEDIATELY. THE BOARD MEMBER AND/OR OFFICER WITH THE CONFLICT WILL NOT BE ALLOWED TO VOTE OR BE A PART OF ANY DECISIONS RELATED TO SUCH TRANSACTIONS THAT HAVE TO DO WITH THE CONFLICT UNTIL SUCH TIME THAT THERE IS NO LONGER A CONFLICT. Pt VI, Line 15a THE COMPENSATION OF ALL OFFICERS OF THE CHARTER SCHOOL IS REVIEWED AND APPROVED BY THE BOARD OF TRUSTEES OF THE CHARTER SCHOOL. Pt VI, Line 15b THE COMPENSATON OF THE CHIEF EXECUTIVE OFFICER IS DETERMINED ANNUALLY AFTER AN EVALUATION OF THE CEOS 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: 6718 EAST BLACK HORSE PIKE, SUITE 16, EGG HARBOR TOWNSHIP, NJ 08234. TELEPHONE - 609-498-6350. THE FORM 990 COULD ALSO BE OBTAINED THROUGH 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: 6718 EAST BLACK HORSE PIKE, SUITE 16, EGG HARBOR TOWNSHIP, NJ 08234. TELEPHONE - 609-498-6350.