Cumberland County Charter School Network EIN 47-5593677 Form 990 (PDF) Claim this org

Cumberland County Charter School Network

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Offers educational and management services to public charter schools. For fiscal year 2024 it reported $328K in revenue, $269K in expenses, and $355K in net assets.Pt I

Founded
2016
Type
Public charity (501(c)(3)) · Education
Location
Millville, NJ
Filings
5 on file (2020–2024)
Revenue
$328KFY2024
Expenses
$269K
Net assets
$355K
People
6
Filings
5
Updates
0
More identity details & actions ⌄
EIN  47-5593677 Public charity (501(c)(3)) Millville, NJ Founded 2016
Form 990 (PDF)
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Size
$100K–1M
What they do
Offers educational and management services to public charter schools.
Leadership
Christina Murphy · Treasurer · $75K
Money in and out
$328K revenue, $269K expenses
Bottom line
99% program efficiency
Where the money goes · FY2024
Total revenue
$328K
Pt VIII · Ln 12
Total expenses
$269K
Pt IX · Ln 25
Net assets
$355K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $59K
Where spending went · Part IX cols B–D
Program services $0.99 Management & general $0.01
Program efficiency
99%
of spending reaches programs<0.01% vs prior filing year
Operating runway
16.0mo
months of highly liquid reserves at operating expense rate▼ -20% vs prior filing year
Surplus margin
+18%
revenue over expenses, this year▲ +247% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$328K
FY2024▲ +31%
Expenses
$269K
FY2024▲ +14%
Total assets
$358K
FY2024▼ -10%
Total liabilities
$3K
FY2024▼ -97%
Total revenue
$328K
Pt VIII · Ln 12
Total expenses
$269K
Pt IX · Ln 25
Net assets
$355K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$59K
Total assetsPt X · Ln 16$358K
Program-expense ratioPt IX · col B99%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCumberland County Charter School Network
EINHdr · item D47-5593677
Principal addressHdr · item CMillville, NJ
WebsiteHdr · item Jnone reported
Year of formationHdr · item L2016
State of legal domicileHdr · item MNJ
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B29)
Ruling yearIRS BMFApr 2016

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$75,000Pt VII · Sec A
Managing Trustee
$37,500Pt VII · Sec A
Executive Director
$37,500Pt VII · Sec A
Board Secretary
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Board President
$0Pt VII · Sec A

Christina Murphy’s $75K as Treasurer is at the 67th percentile of top reported officer pay among 1616 $100K–1M 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

NameFY2024FY2024FY2023FY2022FY2021FY2020
Esteban Garcia$37,500$45,000$45,000$52,500$60,000$82,429
Christina Murphy$75,000$75,253$75,000
Ann Garcia$37,500$45,000$45,000$52,500

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.

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Mission & Programs · Part III

Where the work happens

1 program service account for $268K of program spending, described in the organization's own filed words · FY2024.
01

Supporting cumberland county charter schools.

$268Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$325K · 99%
Other revenue$4K · 1%
Program service revenue99%$325K
Other revenue1%$4K
Investment income$138
Total revenueLn 12$328K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.99 Management & general $0.01
Program services99%$268K
Management & general1%$1K
Total functional expensesLn 25$269K

Balance Sheet

Part X · end of year
CashLn 1$358K
Total assetsLn 16$358K
Total liabilitiesLn 26$3K
Total net assetsLn 32$355K
Months of cash on handcomputed16.0

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $358K · Operating expenses/yr $269K
16.0 months
Where the money goes
Program services
Program services $268K · Total expenses $269K
99%
Management & General
Management & general $1K · Total expenses $269K
0.5%
Fundraising
Fundraising $0 · Total expenses $269K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $328K
0%
Government reliance
Government grants — · Total revenue $328K
Earned-income share
Program service revenue $325K · Total revenue $328K
99%
Investment reliance
Investment income $138 · Total revenue $328K
+0.04%
Program self-sufficiency
Program service revenue $325K · Total expenses $269K
121%
Growth & trend
Revenue growth (YoY)
This year $328K · Prior year $250K
+31%
Revenue CAGR
FY2019 $281K · FY2024 $328K
+3%
Net-asset trend (YoY)
End of year $355K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $328K · Expenses $269K
+18%
Liabilities-to-Assets
Total liabilities — · Total assets $358K
Net-asset ratio
Net assets $355K · Total assets $358K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $358K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Christina Murphy · Reported title TREASURER · Highest reported compensation $75K · Total expenses $269K
28%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $147K · Total expenses $269K
54%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 99%
Overhead ratio 0.5%
Revenue growth 31%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2020
Total grants receivedfrom 1 funder$6K
Grants paid · 4 grants · $635K · 2019–2022

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$250K revenue · ⤓ 990 PDF
FY2023$527K revenue · ⤓ 990 PDF
FY2022$487K revenue · ⤓ 990 PDF
FY2021$481K revenue · ⤓ 990 PDF
FY2020$281K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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