2026-05-14T12:33:47-07:00 2025-06-30 821362217 BARRE & COMPANY LLC 2204 MORRIS AVE STE 206 UNION NJ 07083 990 2024-07-01 204406909 FOUNDATION ACADEMY CHARTER SCHOOL FOUN 6099209200 363 WEST STATE STREET TRENTON NJ 08618 DIANA UBALDO BUS. ADMIN. 2026-05-14 true true Richard Barre P01434145 9086863484 X 2024 2025-03-06 01:10:19Z RICHARD SEIGIER-CARTER 363 WEST STATE STREET TRENTON NJ 08618 31979048 false X www.foundationacademies.org X NJ As a college-preparatory school, Foundation Academy Charter Schools mission is to ensure that all of their students secure the academic knowledge and skills to prepare them for the nations finest colleges, and to instill in them the core values of caring, respect, responsibility and honesty. Foundation Academy Charter Schools program is modeled after some of the highest performing urban charter schools in the country, and includes standardized classroom procedures, regular testing to track student progress, more time on task, a focus on values and building community, clear and innovative rewards and consequences designed to teach and emphasize positive academic and social behavior, school uniforms, 90-120 minutes of homework each night, and an overall rigorous academic program. Foundation Academy Charter School provides a longer school day and a longer school year which includes a two week summer session. Language arts and math classes are taught for more minutes each week than most sc 7 7 267 0 27682765 30170697 1901918 2015348 223685 227287 -345773 -434284 29462595 31979048 0 0 16204948 20573755 0 0 10854882 11851504 27059830 32425259 2402765 -446211 23999152 24273169 11220205 11940433 12778947 12332736 As a college-preparatory school, Foundation Academy Charter Schools mission is to ensure that all of their students secure the academic knowledge and skills to prepare them for the nations finest colleges, and to instill in them the core values of caring, respect, responsibility and honesty. Foundation Academy Charter Schools program is modeled after some of the highest performing urban charter schools in the country, and includes standardized classroom procedures, regular testing to track student progress, more time on task, a focus on values and building community, clear and innovative rewards and consequences designed to teach and emphasize positive academic and social behavior, school uniforms, 90-120 minutes of homework each night, and an overall rigorous academic program. Foundation Academy Charter School provides a longer school day and a longer school year which includes a two week summer session. Language arts and math classes are taught for more minutes each week than most sc false false 27203593 During the sixteenth year of operation, the 2024-2025 school year, Foundation Academy Charter School provided a full range of educational services appropriate for all students in grades Kindergarten through 12th Grade. The Educational program includes social, health and nutrition services that support the total education of the student. In addition, the educational services include regular, as well as special education instruction. Foundation Academy Charter School promotes the full involvement of parents in their childrens educational development. The Charter School completed the 2024-2025 school year with the following enrollment: 253 primary school students in Kindergarten, Grade 1 and Grade 2; 255 intermediate school students were enrolled in Grades 3 through 5; 252 middle school students in Grades 6 through 8; and 328 high school students were enrolled in grades 9 thru 12. The Average Daily Enrollment (ADE) for the entire charter school for the 2023-2024 school year was 1110 students. 27203593 true false false false false false false false false false true false false true true false false 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 38 0 true 267 true false false false false false false false 0 false false false false false false false X 7 7 false false false false false false false true true false false true false false false true true false X ORGANIZATION 6099209200 363 WEST STATE STREET TRENTON NJ 08618 X SHERIA MCRAE CEO 40.00 0.00 202854 0 0 ANDRE MOORE CFO 40.00 0.00 184183 0 0 NATASIA COOPER CHIEF OF ACADEMICS 40.00 0.00 153283 0 0 SHANESIA DAVIS CHIEF OF TALENT 40.00 0.00 140863 0 0 DIANA UBALDO BA 40.00 0.00 137275 0 0 SHARIDA EDWARDS Trustee 2.00 0.00 X 0 0 0 DUNCAN HARRIS Vice President 2.00 0.00 X 0 0 0 HOWARD POWERS Trustee 2.00 0.00 X 0 0 0 STACY DENTON BOARD SEC 2.00 0.00 X 0 0 0 CARL SIEDEN Trustee 2.00 0.00 X 0 0 0 SHERIA MCRAE CEO 2.00 0.00 X 0 0 0 DR SONYA NOCK MIDDLE SCH PR 40.00 0.00 X X 0 0 0 RICHARD SEIGIER-CARTER President 2.00 0.00 X 0 0 0 NATASIA COOPER CAO 2.00 0.00 X 0 0 0 BRITTANY GRECO PRIM SCHOOL PRI 2.00 0.00 X 0 0 0 JON BODNAR CFO 2.00 0.00 X X 0 0 0 ANDRE MOORE CFO 40.00 0.00 X X 0 0 0 DIANA UBALDO BUS. ADMIN. 40.00 0.00 X X 0 0 0 DEANNA CHESTNUT HIGH SCHOOL PRI 2.00 0.00 X 0 0 0 CHRISTOPHER MULLINS Treasurer 2.00 0.00 X 0 0 0 STEFANI SCHWARTZ BOARD COUNSEL 2.00 0.00 X 0 0 0 818458 5 false true false MASCHIOS FOOD SERVICE 525 E MAIN STREET CHESTER NJ 07930 FOOD SERVICE CORE MECHANICAL 7905 BROWNING ROAD PENNSAUKIN NJ 08109 BUILDING CONTRACTOR THE GILLESPIE GROUP 5 CHRIS ST DAYTON NJ 08810 BUILDING CONTRACTOR CDW GOVERNMENT 200 N MILWAUKEE AVE VERNON HILLS IL 60061 VENDOR 0 29218102 952595 30170697 OTHER PROGRAM REVENUE-LINE 2 2015348 2015348 2015348 227287 227287 0 0 0 0 0 0 -434284 -434284 -434284 0 31979048 1808351 0 0 0 0 1986787 1666841 319946 0 13288249 11148349 2139900 0 5298719 4445429 853290 0 5679251 4764681 914570 115659 97034 18625 46013 38603 7410 0 0 0 0 0 2078419 1743717 334702 0 0 2758454 2314241 444213 0 0 0 182132 152802 29330 0 991576 831896 159680 0 0 32425259 27203593 5221666 0 8385173 6851647 1465589 0 0 1336469 1887008 0 0 0 0 480000 0 10206260 2214777 7449271 7991483 0 0 0 0 4882650 7543031 23999152 24273169 183868 146038 322341 114373 10713996 11680022 11220205 11940433 X 12758588 12332736 20359 12778947 12332736 23999152 24273169 -446211 X false true X true true true X 907845 907845 7980280 1350523 6629757 1318135 864254 453881 7991483 Deferred Bond Issuance Costs, Net DEFERRED OUTFLOWS OF RESOURCES - PENSION 3225974 OTHER ASSETS 2400000 ROU ASSETS 1917057 7543031 DEFERRED INFLOW 552574 NET PENSION LIABILITY 7828732 NONCURRENT LIABILITIES 392049 Noncurrent Liabilities - Due Within One Year 742114 Other Current Liabilities 412251 OTHER LONG TERM LIABILITIES 1752302 11680022 true true true true true true true false false false false false false false false true false true Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized FOUNDATION ACADEMY CHARTER SCHOOL MAINTAINS A RACIALLY NONDISCRIMINATORY POLICY TOWARDS ALL STUDENTS, IN THAT THE CHARTER SCHOOL DOES NOT DISCRIMINATE AGAINST ANY STUDENT, OR EMPLOYEE, FOR REASONS OF RACE, COLOR, CREED, SEX, AGE, RELIGION, ETHNIC ORIGIN, FAMILY AFFILIATION, DISABILITIES, SOCIAL OR ECONOMIC STATUS, MARITAL STATUS, SEXUAL ORIENTATION, OR BECAUSE OF LIABILITY FOR SERVICE IN THE UNITED STATES ARMED FORCES. THE RACIALLY NONDISCRIMINATORY POLICY IS CONTAINED IN THE SCHOOL BY-LAWS AND IS COMMUNICATED TO STUDENTS AND PARENTS. THE SCHOOL INTENDS TO PUBLISH THIS POLICY IN ITS BROCHURE AND ON ITS WEBSITE.IN ADDITION, FOUNDATION ACADEMY CHARTER SCHOOL CUSTOMARILY DRAWS ITS STUDENTS FROM LOCAL COMMUNITIES, AND FURTHER, THE CHARTER SCHOOL ENROLLS STUDENTS OF RACIAL MINORITY GROUPS IN MEANINGFUL NUMBERS. Schedule E, Line 4 - Explanation of Records and Materials Not Maintained Schedule E, Line 5 - Explanation of Organization Discrimination by Race Schedule E, Line 6 - Explanation of Aid or Assistance from Governmental Agency THE CHARTER SCHOOL RECEIVES PUBLIC ASSISTANCE BY WAY OF PERCENTAGE OF LOCAL TAX LEVY PURSUANT TO REGULATIONS PROMULGATED BY THE STATE OF NEW JERSEY DEPARTMENT OF EDUCATION. IN ADDITION, THE CHARTER SCHOOL RECEIVES FEDERAL ASSISTANCE BY WAY OF GRANTS FROM NCLB/TITLE I AND I.D.E.A. PROGRAMS. OTHER FINANCIAL ASSISTANCE FROM GOVERNMENTAL PROGRAMS IS ALSO AVAILABLE VIA APPLICATION. false false false false false false false false false ANDRE MOORE CFO 184183 184183 NATASIA COOPER CHIEF OF ACADEMICS 153283 153283 SHERIA MCRAE CEO 202854 202854 Form 990, Part VI, Section B, Line 11b THE CHARTER SCHOOL FINANCE COMMITTEE REVIEWS THE FORM 990 RETURN PRIOR TO SUBMISSION AND FILING WITH THE IRS. Form 990, Part VI, Section B, Line 12c EACH SCHOOL OFFICIAL AND KEY EMPLOYEE, AND EACH MEMBER OF THE BOARD OF TRUSTEES MUST COMPLETE A "SCHOOL ETHICS/PERSONAL/RELATIVE DISCLOSURE STATEMENT," PURSUANT TO APPLICABLE NEW JERSEY STATE LAW. THESE FORMS ARE FILED WITH THE APPROPRIATE GOVERNMENTAL ENTITIES, ALSO PER APPLICABLE NEW JERSEY STATE LAW. Form 990, Part VI, Section B, Line 15a SALARY AND COMPENSATION OF THE CEO/LEAD PERSON OF THE SCHOOL IS REVIEWED AND EVALUATED BY BOARD OF TRUSTEES OF THE FOUNDATION ACADEMY CHARTER SCHOOL ON AN ANNUAL BASIS. IN CONDUCTING SUCH REVIEW AND EVALUATION, FACTORS SUCH AS PERSONAL STRENGTHS AND WEAKNESSES, AS WELL AS GOALS AND ACHIEVEMENTS OF THE CHARTER SCHOOL, AND COMPARABLE SALARY DATA ARE ALL GIVEN DUE WEIGHT AND CONSIDERATION. THE ULTIMATE COMPENSATION EVALUATION AND RECOMMENDATION IS THEREAFTER APPROVED BY THE BOARD OF TRUSTEES OF THE CHARTER SCHOOL. Form 990, Part VI, Section B, Line 15b SALARY AND COMPENSATION OF OFFICERS, KEY EMPLOYEES AND ALL TEACHERS ARE REVIEWED AND EVALUATED BY THE CHARTER SCHOOL LEAD PERSON AND BUSINESS ADMINSTRATOR ON AN ANNUAL BASIS. IN CONDUCTING SUCH REVIEW AND EVALUATION, FACTORS SUCH AS TEACHER PERFORMANCE, EDUCATION, EXPERIENCE, LONGEVITY AND COMPARABLE AREA STANDARDS FOR THE PROFESSION, ARE GIVEN DUE WEIGHT AND CONSIDERATION. ALL SUCH COMPENSATION EVALUATIONS AND RECOMMENDATIONS ARE REVIEWED AND APPROVED BY THE BOARD OF TRUSTEES OF THE CHARTER SCHOOL. Form 990, Part VI, Section C, Line 19 THE MINUTES FOR THE MEETINGS OF THE BOARD OF TRUSTEES OF THE FOUNDATION ACADEMY CHARTER SCHOOL ARE AVAILABLE TO THE PUBLIC ON THE SCHOOL'S WEBSITE. ANNUAL AUDIT AND FINANCIAL REPORTS OF THE CHARTER SCHOOL ARE AVAILABLE ON THE STATE OF NEW JERSEY DEPARTMENT OF EDUCATION WEBSITE. OTHER CHARTER SCHOOL INFORMATION IS AVAILABLE ON THE SCHOOL WEBSITE, OR WILL BE PROVIDED UPON REQUEST. DOCUMENT RETENTION & DESTRUCTION POLICY FOUNDATION ACADEMY CHARTER SCHOOL FOLLOWS STATE AND FEDERAL REGULATIONS AND STANDARDS GOVERNING RECORD RETENTION AND DESTRUCTION. WHISTLEBLOWER POLICY WHILE FOUNDATION ACADEMY CHARTER SCHOOL DOES NOT CURRENTLY HAVE A WRITTEN WHISTLEBLOWER POLICY, PROCEDURES AND PRACTICES ARE IN PLACE FOR THE FILING OF COMPLAINTS AGAINST ANY CO-WORKER OR AGAINST THE SCHOOL ITSELF, IF ANY SUCH SCHOOL EMPLOYEE REASONABLY BELIEVES THAT A CO-WORKER, OR THE SCHOOL ITSELF, IS CONDUCTING AN ILLEGAL OR WRONGFUL ACT. SCHOOL PRACTICE AND POLICY ALSO PROHIBITS RETALIATION AGAINST ANY EMPLOYEE WHO SUBMITS ANY SUCH COMPLAINT.