Overview
What is The Gray Charter School?
The Gray Charter School, located in Newark, New Jersey, is a nonprofit organization committed to delivering comprehensive educational services to students from kindergarten through ninth grade. Their mission is to offer a top-tier education by emphasizing fundamental academic disciplines in an environment that fosters academic growth. Serving approximately 352 students in grades K-8 during the 2022 academic year, the school's diverse student body benefits from specialized education services, including those for students with special needs. The school aims to achieve academic excellence, enhance student achievements, and engage the wider community. With a workforce of 44 employees, The Gray Charter School is dedicated to providing a nurturing and stimulating learning environment for its students.
What are the reviews and ratings of this charity?
Charity Navigator rating: 96% (Four-Star out of Four Star rating)
The Gray Charter School has achieved a high score of 96% from Charity Navigator, indicating strong performance in accountability and finance. The organization is entirely governed by an independent board, which reflects its commitment to transparency and good governance. Various policies, including conflict of interest and whistleblower policies, are in place, contributing to a well-structured operational framework.
Financially, The Gray Charter School demonstrates excellent management, with a program expense ratio of 71.52%, suggesting that a significant portion of its funds is directed toward its core mission. Additionally, the organization has a very low liabilities to assets ratio of 8.11%, indicating a healthy balance sheet and financial stability.
Overall, the school's governance and financial practices are commendable, with no noted material diversions of assets. However, while the financial indicators are strong, the summary does not provide insights into program outcomes or community impact, which are also essential aspects of a nonprofit's overall effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is The Gray Charter School legitimate?
The Gray Charter School is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Gray Charter School submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $589,543
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,543,236
For more financial information, click here
What is the mission statement of The Gray Charter School?
The Gray Charter School's mission is centered around providing its diverse student body with an exceptional education. This is achieved by focusing on the fundamental academic disciplines in an environment that fosters academic affirmation. The school aims to provide a comprehensive range of educational services appropriate for grades K to 9, with the goal of achieving a high level of excellence, improving student achievements, and broadening the school's community base. During the year ending June 30, 2022, the school served approximately 352 students from grades K to 8, including special education students.
Who is the CEO of The Gray Charter School?
Verna Gray is the Board President of The Gray Charter School.
What is the revenue of The Gray Charter School?
The Gray Charter School's revenue in 2022 was $7,500,612.
Who are the executives of The Gray Charter School and what are their salaries?
The average compensation at The Gray Charter School during 2022 was $71,200. There are 44 employees and 5 volunteers at The Gray Charter School.
Here are 6 key members and their salaries:
- Compensation: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $236,778
- Related: $0
- Other: $7,335
- Compensation: $166,841
- Related: $0
- Other: $0
Where can I find the form 990 for The Gray Charter School?
The Gray Charter School's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Gray Charter School
The Gray Charter School is committed to providing its diverse student body with the best possible education. It achieves this by focusing on the fundamental academic disciplines in an atmosphere that affirms academic excellence. The school's mission is to offer a comprehensive range of educational services appropriate for grade levels from kindergarten to ninth grade. This includes catering to the needs of special education students, with the ultimate goal of reaching a high level of excellence and improving student achievements. The school aims to broaden the community's base by providing these services. As of the year ending June 30, 2022, The Gray Charter School served approximately 352 students in grades K to 8.
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Impact
October, 2024
The Gray Charter School significantly impacts its community by providing a high-quality education focused on fundamental academic disciplines for a diverse student body. Located in Newark, NJ, the school serves approximately 352 students in grades K to 8, including those with special education needs. By creating an atmosphere that emphasizes academic achievement and excellence, the school not only enhances student performance but also aims to broaden community engagement and development. Its comprehensive range of educational services is tailored to meet the needs of all students, thereby fostering an inclusive learning environment that supports both academic and personal growth. This dedication to excellence contributes to improving educational outcomes in the community, making a lasting difference in the lives of its students and their families.
This information is meant to be a general summary of The Gray Charter School. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Gross Receipts: $7,500,612
Assets and Liabilities:
- Total Assets: $2,755,799
- Total Liabilities: $198,904
- Net Assets: $2,556,895
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FOOD SERVICES
Organization Details
Founding Year
1999
Phone
(973) 824-6661Principal Officer
Verna Gray
Main Address
55 LIBERTY STREET, NEWARK, NJ, 07102
NTEE Category
Code: B20 - Education
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