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Beloved Community Charter School

Jersey City, NJ · EIN 45-3689749 · 501(c)(3) · School
Latest filing: Form 990 for the fiscal year ending June 30, 2025 (tax year 2024) · View the filing · Correct or respond

Beloved Community Charter School reported $54.0 million in revenue and $37.7 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $62.71 went to program services, $37.29 to management and general costs and $0.00 to fundraising. Its largest source of revenue was contributions and grants: 93.3% of the total. Government grants made up 93.1%. The highest compensation it reported for one person was $215,825 (PRINCIPAL, ELEMENTARY SCHOOL). 12 people received more than $100,000 in reportable compensation. Revenue rose 194% between FY2020 and FY2025. Source: Form 990, FY2025.

Where $100 of spending went

The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $38M

For context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $54M

The 990 scorecard · same measures for every charity, no grades

FY2025 filing. Median across 5,499 covered charities in this category, from their latest filings.
MeasureFY2025Median
Program services
Part IX 25(B) ÷ 25(A)
62.7%84.4%
Management & general
Part IX 25(C) ÷ 25(A)
37.3%13.4%
Fundraising
Part IX 25(D) ÷ 25(A)
0.0%0.8%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.00$0.04
Contributions & grants share of revenue
Part VIII 1h ÷ 12
93.3%19.1%
Government grants share of revenue
Part VIII 1e ÷ 12
93.1%1.1%
Program service revenue share
Part VIII 2g ÷ 12
0.1%69.9%
Highest reported compensation
Part VII-A, columns D–F
$215,825$331,578
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
0.57%1.28%
People paid over $100,000
Part VII, line 2
128
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
19.613.3
Independent voting board members
Part VI 1a–1b
6 of 6100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

FY2025 · Form 990, Part III · the three largest programs by expense
$24M expenses · 100.0% of program spending

All demographic subgroups at BelovED have a far higher percentage of economically disadvantaged students than the corresponding subgroup Statewide. Given the 30-point academic proficiency gap in New Jersey between economically disadvantaged and non-economically disadvantaged students, statistics would predict proficiency rates at BelovED being lower than across the State. But in fact, the opposite is true. BelovED students of all backgrounds are learning faster and have higher ELA and Math proficiency rates than their demographic subgroup peers statewide. BelovED had an average enrollment of…

Highest reported compensation

FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
PRINCIPAL, ELEMENTARY SCHOOL
Key employee, highest compensated employee, 35.00 hrs/week
$209,867$0$5,958$215,825
EXECUTIVE DIRECTOR
Key employee, highest compensated employee, 35.00 hrs/week
$187,000$0$0$187,000
DIRECTOR OF OPERATIONS
Key employee, highest compensated employee, 35.00 hrs/week
$137,500$0$0$137,500
HIGH SCHOOL MANAGING DIRECTOR
Key employee, highest compensated employee, 35.00 hrs/week
$113,750$0$7,792$121,542
PRINCIPAL, MIDDLE SCHOOL
Key employee, highest compensated employee, 35.00 hrs/week
$111,325$0$8,641$119,966
SCHOOL BUSINESS ADMINISTRATOR
Officer, key employee, 35.00 hrs/week
$98,500$0$8,353$106,853

12 people received more than $100,000 in reportable compensation from Beloved Community Charter School (Part VII, line 2). Compensation of current officers, directors and key employees totaled $810K (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$20M$40M$60M$80MFY2020FY2021FY2022FY2023FY2024FY2025$54M$38M
FilingRevenueExpensesProgramsNet assetsTop pay
FY2025 ⓘ$54M$38M62.7%$61M$215,825
FY2024 ⓘ$53M$35M88.5%$42M$180,000
FY2023 ⓘ$44M$41M90.0%$24M$164,345
FY2022 ⓘ$33M$27M86.8%$13M—
FY2021 ⓘ$26M$22M86.0%$7.0M$133,994
FY2020 ⓘ$18M$17M85.1%$3.2M—

Governance answers, as filed

FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b6 · 6 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14Yes
  • Independent process for top executive pay Part VI 15aYes
  • Board given the 990 before filing Part VI 11aYes
  • Family or business ties among insiders Part VI 2No
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4No
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bNo
  • Employees Part I, line 5337
  • Volunteers Part I, line 615

Private foundation grants it received

1 private foundation reported grants to Beloved Community Charter School totaling $78 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.

Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.

Correct a figure or respond

Every number above is copied from Beloved Community Charter School's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Beloved Community Charter School, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All education charities · Largest charities in New Jersey

Questions people ask

How much of Beloved Community Charter School's spending goes to programs?

In the fiscal year ending June 30, 2025, Beloved Community Charter School reported that 62.7% of its $37.7 million in expenses went to program services, 37.3% to management and general and 0.0% to fundraising (Form 990, Part IX).

How much does Beloved Community Charter School pay its top executive?

The largest total compensation Beloved Community Charter School reported for one person in the fiscal year ending June 30, 2025 was $215,825, for the role of PRINCIPAL, ELEMENTARY SCHOOL (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Beloved Community Charter School get its money?

Of $54.0 million in revenue in the fiscal year ending June 30, 2025, 93.3% came from contributions and grants (including 93.1% from government grants) and 0.1% from program service revenue (Form 990, Part VIII).

Is Beloved Community Charter School a registered charity?

The IRS lists EIN 45-3689749 as a 501(c)(3) organization (school), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202630779349301123 · read the filing · XML
  • FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202501349349305235 · read the filing
  • FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202432059349300348 · read the filing
  • FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202301359349316855 · read the filing
  • FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202201349349301535 · read the filing
  • FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202121089349300307 · read the filing

All filings for EIN 45-3689749: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.