Philips Academy Charter School INC

Tax-deductible

Newark, NJ501(c)(3)Since 2012EducationEIN 46-1960549Revenue $16.5M in FY2025

On file with the IRSpacsnewark.org342 Central Ave, 07103-2808 · Newark, NJTax-exempt since Jul 2014School — 170(b)(1)(A)(ii)

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Our mission is to inspire diverse learners in a rigorous and innovative environment that cultivates resilient leadership, intellectual curiosity, and thoughtful stewardship.

501(c)(3) charity; gifts are tax-deductible.
88¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $139K a year · 1% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.7 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $380K
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$1.3M
55% of total assets
Fine: liabilities are 55% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$16.5M
+10% vs prior year
Spent
$16.2M
To programs
88%
Net assets
$1.0M
By yearFY2020–FY2025
Revenue
$16.5M
FY2025▲ +10%
Tap a bar for its year
Revenue by fiscal year
FY2020$8.6M
FY2021$9.2M
FY2022$13.1M
FY2023$14.1M
FY2024$15.0M
FY2025$16.5M
Expenses
$16.2M
FY2025▲ +10%
Tap a bar for its year
Expenses by fiscal year
FY2020$8.6M
FY2021$8.9M
FY2022$13.3M
FY2023$14.0M
FY2024$14.7M
FY2025$16.2M
Net assets
$1.0M
FY2025▲ +56%
Tap a bar for its year
Net assets by fiscal year
FY2020$205K
FY2021$452K
FY2022$259K
FY2023$298K
FY2024$668K
FY2025$1.0M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 2014.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $14.3M Management & general 12% · $1.9M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Business Admin
$0Pt VII · Sec A
$0Pt VII · Sec A

Yasmeen Samplson’s $164K as Principal is at the 21st percentile of top reported officer pay among 3684 $10–100M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2020
Yasmeen Samplson$163,830———
Yasmeen Sampson—$156,025$151,490$154,700
Migdalia Dale$150,000$142,040——

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Philips Academy Charter School INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Inspires diverse learners to develop resilient leadership and intellectual curiosity.

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Provided by the organization

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1 program · $14.3M · in their own filed words · FY2024
01

Our mission is to inspire diverse learners in a rigorous and innovative environment that cultivates resilient leadership, intellectual curiosity, and thoughtful stewardship.

$14.3Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 5 funders →

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$16.5M
Ln 12
Gifts and grantsLn 1h$16.4M
Fees for servicesLn 2g$85K
Money outPt IX
$16.2M
Ln 25
Programscol B$14.3M
Managementcol C$1.9M
Owns and owesPt X
$1.0M
net assets · Ln 32
Cash and savingsLn 1–2$945K
Total assetsLn 16$2.3M
LiabilitiesLn 26$1.3M
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$16.4M
Government grantsLn 1e$16.3M
Fees for servicesLn 2g$85K
Total revenueLn 12$16.5M
Assets in detailPt X, end of year
CashLn 1$945K
Cash and savings togetherLn 1–2$945K
Other assetsLn 15$135K
Total assetsLn 16$2.3M
LiabilitiesLn 26$1.3M
Net assetsLn 32$1.0M
OperationsPt I, VI
EmployeesI 5152
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$1.1M$945K
Total assetsLn 16$2.0M$2.3M
LiabilitiesLn 26$1.4M$1.3M
Net assetsLn 32$668K$1.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$8.4M$7.3M$1.1M
Pension plan contributionsLn 8$1.7M$1.7M
Other employee benefitsLn 9$1.6M$1.4M$213K
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$1.0M$877K$136K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$557K$482K$75K
Other expenses (24a–d)Ln 24$2.8M$2.5M$311K
All other expensesLn 24e$145K$125K$19K
Total functional expensesLn 25$16.2M$14.3M$1.9M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $16.5M$16.2M$371K$1.0M 990 PDF
FY2024 $15.0M$14.7M$370K$668K 990 PDF
FY2023 $14.1M$14.0M$39K$298K 990 PDF
FY2022 $13.1M$13.3M−$193K$259K 990 PDF
FY2021 $9.2M$8.9M$233K$452K 990 PDF
FY2020 $8.6M$8.6M$13K$205K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $16,527,837 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $14,985,416$16,443,264
I-9 Program service revenuePrior year $48,924$84,573
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $15,034,340$16,527,837
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $10,524,566$11,646,286
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $4,139,320$4,510,674
I-18 Total expensesPrior year $14,663,886$16,156,960
I-19 Revenue less expensesPrior year $370,454$370,877
Part VI · Governance 6 of 6 board members independent, no flags
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $16,527,837 across 5 lines filed
VIII-1e Government grants$16,305,158
VIII-1f All other contributions, gifts and grants$138,106
VIII-1h Total contributions, gifts and grants$16,443,264
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)$84,573
VIII-12 Total revenue$16,527,837
Part IX · Statement of functional expenses $16,156,960 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $7,272,188 · Management $1,119,226$8,391,414
IX-8 Pension plan contributionsPrograms $1,663,315$1,663,315
IX-9 Other employee benefitsPrograms $1,378,288 · Management $213,269$1,591,557
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $877,301 · Management $135,749$1,013,050
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsurancePrograms $482,191 · Management $74,612$556,803
IX-24 Other expenses (24a–d)Programs $2,485,345 · Management $310,831$2,796,176
IX-24e All other expensesPrograms $125,263 · Management $19,382$144,645
IX-25 Total functional expensesPrograms $14,283,891 · Management $1,873,069 · Fundraising $0$16,156,960
Part X · Balance sheet $2,304,905 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $1,058,426$945,393
X-4 Accounts receivableStart of year $841,911$1,224,512
X-15 Other assetsStart of year $135,000$135,000
X-16 Total assetsStart of year $2,046,603$2,304,905
X-17 Accounts payable and accrued expensesStart of year $1,252,593$1,165,484
X-19 Deferred revenueStart of year $125,972$100,506
X-26 Total liabilitiesStart of year $1,378,565$1,265,990
X-27 Net assets without donor restrictionsStart of year $662,997$1,034,290
X-28 Net assets with donor restrictionsStart of year $5,041$4,625
X-32 Total net assets or fund balancesStart of year $668,038$1,038,915
X-33 Total liabilities and net assetsStart of year $2,046,603$2,304,905
Part XI · Reconciliation of net assets $1,038,915 net assets at year end
XI-1 Total revenue$16,527,837
XI-2 Total expenses$16,156,960
XI-3 Revenue less expenses$370,877
XI-4 Net assets at start of year$668,038
XI-10 Net assets at end of year$1,038,915

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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