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EIN 20-4406909

Foundation Academies

IRS 501(c) type
501(c)(3)
Num. employees
185
City
Trenton
State
New Jersey
Year formed
2007
Most recent tax filings
2022-06-01
NTEE code, primary
B29: Charter Schools
Description
Foundation Academies' mission is to ensure that all of their students secure the academic knowledge and skills to prepare them for the nation's finest colleges and to instill in them the core values of caring, respect, responsibility and honesty.
Also known as...
Foundation Academy Charter School
Total revenues
$21,687,703
2022
Total expenses
$20,837,506
2022
Total assets
$21,589,488
2022
Num. employees
185
2022

Program areas at Foundation Academies

During the twelfth year of operation, the 2018-2019 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 2018-2019 school year with the following enrollment: 249 primary school students in Kindergarten, Grade 1 and Grade 2; 251 intermediate school students were enrolled in Grades 3 through 5; 253 middle school students in Grades 6 through 8; and 288 high school students were enrolled in grades 9 thru 12. The Average Daily Enrollment (ADE) for the entire charter school for the 2018-2019 school year was 1048 students.

Who funds Foundation Academies

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$10,500
Princeton Area Community Foundation (PACF)General Support$10,000
Schwab Charitable FundEducation$8,000
...and 5 more grants received

Personnel at Foundation Academies

NameTitleCompensation
Sheria McRaeChief Executive Officer
Dr. Shanesia DavisChief Talent Officer
Venitia BirchmoreTreasurer$0
Johanna SotoDirector of Operations
Tara PepeDirector Financ$0
...and 14 more key personnel

Financials for Foundation Academies

RevenuesFYE 06/2022
Total grants, contributions, etc.$21,170,563
Program services$781,200
Investment income and dividends$8,046
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$-272,106
Miscellaneous revenues$0
Total revenues$21,687,703

Form 990s for Foundation Academies

Fiscal year endingDate received by IRSFormPDF link
2022-062023-05-15990View PDF
2020-062021-04-21990View PDF
2019-062021-01-12990View PDF
2018-062019-06-19990View PDF
2017-062018-04-10990View PDF
...and 10 more Form 990s
Data update history
May 20, 2023
Received grants
Identified 4 new grant, including a grant for $13,629 from New Jersey Public Charter Schools Association A NJ Non Profit Corporation (NJCSA)
May 16, 2023
Updated personnel
Identified 1 new personnel
May 10, 2023
Used new vendors
Identified 2 new vendors, including , and
November 21, 2022
Used new vendors
Identified 3 new vendors, including , , and
November 20, 2022
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
SchoolsCharter schoolsK-12 schoolsCharities
Issues
Education
Characteristics
Receives government fundingTax deductible donations
General information
Address
363 West State St
Trenton, NJ 08618
Metro area
Trenton-Princeton, NJ
County
Mercer County, NJ
Website URL
foundationacademies.org/ 
Phone
(609) 920-9200
Facebook page
FoundationAcademies 
Twitter profile
@foundationacad 
IRS details
EIN
20-4406909
Fiscal year end
June
Taxreturn type
Form 990
Year formed
2007
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B29: Charter Schools
NAICS code, primary
611110: Elementary and Secondary Schools
Parent/child status
Independent
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