2024-05-09T15:10:35-04:00 2023-06-30 203164128 DE MEOLA ZAWACKI MINGIONE & CO LLC 33 SICOMAC RD STE 301 NORTH HALEDON NJ 075082954 990 2022-07-01 223519265 FRIENDS OF HOBOKEN CHARTER SCHOOL INC FRIE 2019630222 713 WASHINGTON STREET HOBOKEN NJ 07030 ROB JOHANSEN TREASURER/TRUSTEE 2019630222 2023-05-09 true ROB JOHANSEN 999009999 true CHARLES DE MEOLA CPA P00002622 9732219990 2024-05-09 2022 2023-04-26 12:10:37Z JEFF TENNENBAUM 713 WASHINGTON STREET HOBOKEN NJ 07030 1099165 false X WWW.HCS-PA.ORG X 1997 NJ ACQUIRED A SCHOOL BUILDING IN HOBOKEN, NEW JERSEY FOR STUDENTS OF THE HOBOKEN CHARTER SCHOOL & PROVIDE FUNDS FOR RENOVATIONS & FUND OTHER PROGRAMS FOR STUDENTS AND STAFF 8 8 0 0 48645 61879 8915 11505 60 85 206246 171830 263866 245299 56878 20942 0 0 0 7183 38911 41396 95789 62338 168077 182961 11197069 11377079 8751653 8727760 2445416 2649319 X TO FOSTER A QUALITY EDUCATION, FOSTER A NURTURING & PRODUCTIVE ENVIRONMENT FOR STUDENTS, TEACHERS, ADMINISTRATION & PARENTS, HOST FUNDRAISERS FOR THE SCHOOL CAPITAL FUND, OPERATIONS & PA EXPENDITURE & CULTIVATE COMMUNITY RELATIONS FOR THE BENEFIT OF THE HOBOKEN CHARTER SCHOOL, INC. false false 24067 20942 18281 ENGAGE IN FUNDRAISING ACTIVITES TO BENEFIT THE HOBOKEN CHARTER SCHOOL, TO FUND SHORTFALL IN PUBLIC FUNDING BY THE LOCAL SENDING SCHOOL DISTRICTS, TO PROVIDE FUNDS FOR RENOVATIONS OF THE SCHOOL FACILITIES AND THE PURCHASE OF AN ADDITIONAL BUILDING TO SERVE AS THE HIGH SCHOOL 6198 10505 PROVIDE SOCIAL EVENTS FOR THE STUDENTS AND PARENTS OF THE HOBOKEN CHARTER SCHOOL 30265 true true false false false false false false false false true false false false true false true false false false false false false false true false false true false false true false false false false false false false false false false false false false false false true false false false true X 7 0 0 false false false false false false false false X 8 8 false false false false false false false true true false false false false false false false false false NJ X ROB JOHANSEN 2019630222 713 WASHINGTON STREET HOBOKEN NJ 07030 X PATTY FERNANDEZ TRUSTEE 1.00 X 0 0 0 ROB JOHANSEN TREASURER/TR 2.00 X X 0 0 0 KAREN KELLY TRUSTEE 1.00 X 0 0 0 JOHN MYLAN TRUSTEE 1.00 X 0 0 0 YAPHET SMALLWOOD V PRESIDENT/ 2.00 X X 0 0 0 JEFF TENNENBAUM PRESIDENT/TR 2.00 X X 0 0 0 CINDY WIEGAND SECRETARY 2.00 X X 0 0 0 DANA WISSING PA REP TO BO 2.00 X 0 0 0 false false false 61879 61879 DANCES/SOCIALS 10505 10505 BOOK SALE 1000 1000 11505 85 85 920000 796796 123204 123204 123204 105696 57070 48626 245299 134709 85 20942 20942 20410 20410 1175 1175 2306 433 1873 1187 1187 2842 2842 COGS 5011 5011 SUPPLIES/PROGRAM SUPPORT 3125 3125 LICENSES 2790 2790 FEES & SUPPLIES 2520 2520 30 30 62338 30265 24890 7183 617945 510019 15500 527166 10932666 1021731 10068919 9910935 143015 114880 351690 314079 11197069 11377079 26237 49958 8551600 8293000 173816 384802 8751653 8727760 X 2445416 2649319 2445416 2649319 11197069 11377079 X 182961 20942 X false false X X 1 HOBOKEN CHARTER SCHOOL INC HOBOKEN CHARTER SCHOOL INC 223517040 2 false 0 20942 1 20942 false false false false false false false false false false false false false false false true true false X true true PART IV, SECTION A, LINE 1 THE CERTIFICATE OF INCORPORATION STATES THAT THE CORPORATION WAS ORGANIZED TO FACILITATE THE OPERATIONS AND MAINTENANCE OF A PUBLIC SCHOOL UNDER A CHARTER GRANTED BY THE STATE OF NEW JERSEY, TO PERFORM FINANCING AND OTHER FUNDRAISING ACTIVITIES FOR A CHARTER SCHOOL, AND TO PROVIDE FINANCIAL AND OTHER ADMINISTRATIVE SUPPORT. THE FRIENDS ACQUIRED FINANCING AND RAISED SUBSTANTIAL CONTRIBUTIONS TO ACQUIRE A SCHOOL BUILDING THAT IS USED EXCLUSIVELY FOR THE HOBOKEN CHARTER SCHOOL. THE FRIENDS ADOPTED "HOBOKEN CHARTER SCHOOL" IN ITS ORGANIZATION DOCUMENTS AND SHARES SPACE IN THE SAME BUILDING. ON ITS APPLICATION FOR TAX EXEMPT STATUS, FORM 1023, ITS OPERATIONS WERE VERY SPECIFIC THAT THE CORPORATION WAS FORMED TO ENGAGE IN FUNDRAISING ACTIVITIES TO BENEFIT THE HOBOKEN CHARTER SCHOOL. THE RELATIONSHIP BETWEEN THE TWO ORGANIZATIONS CONTINUES TO DATE. PART IV, SECTION E, LINE 2A THE CORPORATION HOLDS TITLE TO A SCHOOL BUILDING THAT IS USED EXCLUSIVELY BY THE HOBOKEN CHARTER SCHOOL. DUE TO THE CHARTER GRANTED TO THE SCHOOL, THEY WERE UNABLE TO OBTAIN THE FINANCING TO ACQUIRE A SCHOOL BUILDING. THE FRIENDS WERE ABLE TO OBTAIN A MORTGAGE THROUGH THE NEW JERSEY COMMUNITY CAPITAL. THEY ALSO, THROUGH THEIR FUNDRAISING EFFORTS, RECEIVED CONTRIBUTIONS TO HELP OFFSET THE COST OF ACQUIRING THE FACILITY. AFTER A FIRE DESTROYED THE SCHOOL, THE FRIENDS AGAIN RAISED CONTRIBUTIONS AND OBTAINED A LINE OF CREDIT TO PAY FOR THE FIRE RENOVATIONS IN ADDITION TO THE INSURANCE PROCEEDS THAT WERE OBTAINED. HOLDING TITLE TO THE SCHOOL BUILDING THAT IS USED FOR THE HOBOKEN CHARTER SCHOOL MEETS THE DIRECT FURTHERANCE ACTIVITIES OF THE SUPPORTED ORGANIZATION. THE REVENUES AND EXPENSES OF PROVIDING A SCHOOL FACILITY REPRESENTS OVER 89% OF THE ACTIVITIES OF THE ORGANIZAITON. IN ADDITION, THE FRIENDS RAISED CONTRIBUTIONS AND FUNDS TO PROVIDE SOCIAL, EDUCATIONAL AND OTHER PROGRAMS FOR THE BENEFIT OF THE STUDENTS, TEACHERS AND STAFF OF THE HOBOKEN CHARTER SCHOOL. ALL OF THE ACTIVITIES ARE IN DIRECT AND INDIRECT SUPPORT OF THE SUPPORTED ORGANIZATION. PART IV, SECTION E, LINE 2B THE HOBOKEN CHARTER SCHOOL IS ALSO A 501 (C)(3) ORGANIZATION AND WOULD HAVE NORMALLY BEEN ABLE TO OBTAIN THE NECESSARY FINANCING TO ACQUIRE A SCHOOL BUILDING. HOWEVER, BECAUSE OF THE NEW JERSEY DEPARTMENT OF EDUCATION RULES AND REGULATIONS, THE PURCHASE OF THE BUILDING AND THE FINANCING WERE MADE THROUGH THE SUPPORTING ORGANIZATION, FRIENDS OF HOBOKEN CHARTER SCHOOL. SUPPLEMENTAL INFORMATION THE ORGANIZATION PROVIDED THE FOLLOWING SUPPORT TO THE HOBOKEN CHARTER SCHOOL, INC SCHOOL SOCIAL FUNCTIONS 5,011 TEACHER EXPENSES 15,931 TOTAL SUPPORT 20,942 IN ADDITION,THE ORGANIZATION USED DONATIONS, INSURANCE PROCEEDS, AND LOANS FOR ADDITIONAL SCHOOL RENOVATIONS AFTER THE FIRE FOR A TOTAL OF 151,268 IN THE FISCAL YEAR THAT ENDED JUNE 30, 2014 AND 20,613 FOR OUTDOOR BASEKBALL COURT & EQUIPMENT IN THE FISCAL YEAR THAT ENDED JUNE 30, 2017. ON JUNE 12, 2017 THE FRIENDS ORGANIZATION ENTERED INTO AN AGREEMENT OF SALE TO PURCHASE ADDITIONAL REAL ESTATE IN HOBOKEN NEW JERSEY THAT IS TO BE RENOVATED AS A HIGH SCHOOL FOR THE STUDENTS OF THE HOBOKEN CHARTER SCHOOL, THAT HAVE BEEN DISPLACED FROM THEIR CURRENT LOCATION. THE HIGH SCHOOL STUDENTS WERE EDUCATED IN TWO (2) TEMPORARY LOCALTIONS IN HOBOKEN, NJ. ON THE EXECUTION OF THE AGREEMENT, THE FRIENDS PAID 50,000 INTO AN ESCROW ACCOUNT HELD BY THE ATTORNEY. THE TOTAL PURCHASE PRICE WILL BE IN EXCESS OF 2 MILLION DOLLARS. THE FRIENDS AT JUNE 30, 2017 PAID 15,200 IN CONNECTION WITH LEGAL, ARCHITECT, ENGINEERING AND ENVIROMENTAL COSTS. THE CASH ON HAND WILL BE USED TO PAY FOR SOFT COSTS FOR ZONING AND HISTORICAL APPROVALS AND HIRING CONTRACTORS. THE FRIENDS WILL ALSO OBTAIN ADDITIONAL FINANCING TO ACQUIRE THE BUILDNG AND A CONSTRUCTION LOAN FOR THE RENOVATIONS. PER AGREEMENT BETWEEN THE BOARD OF THE FRIENDS OF HOBOKEN CHARTER SCHOOL (FOHCS) AND HOBOKEN CHARTER SCHOOL (HCS), FOHCS DID NOT MAKE A DIRECT MONETARY CONTRIBUTION TO HCS DURING THE FISCAL YEAR ENDING JUNE 30, 2017 AND IN SUBSEQUENT YEARS IN ORDER TO PRESERVE CAPITAL TO ENABLE FOHCS TO PURCHASE AND BEGIN RENOVATIONS ON A NEW SCHOOL BUILDING FOR THE BENEFIT OF THE HCS HIGH SCHOOL AS WELL AS REFINANCE THE EXISTING MORTGAGE ON THE HCS PRIMARY SCHOOL BUILDING DURING THE FISCAL YEAR ENDING JUNE 30, 2018. THE FRIENDS AT JUNE 30, 2018 PAID 213,282 IN CONNECTION WITH LEGAL, ARCHITECT, VARIANCE APPLICATIONS, ENGINEERING, ENVIROMENTAL, SITE REVIEW AND LOAN CLOSING COSTS FOR THE REFINANCING EXISTING MORTGAGE AND OBTAIN CONSTRUCTION FINANCING. IN AUGUST 2018, THE ADDITIONAL FINANCING WAS OBTAINED AND THE FRIENDS ACQUIRED AN ADDITIONAL BUILDING THAT WILL BE RENOVATE AS THE HOBOKEN CHARTER SCHOOL HIGH SCHOOL. THE FRIENDS AT JUNE 30, 2019 PAID IN 509,090 IN CONSTRUCTION COSTS TO BUILD THE NEW HIGH SCHOOL FACILITY. THE FRIENDS AT JUNE 30, 2020 PAID IN AN ADDITIONAL 1,746,057 IN CONSTRUCTION COSTS TO BUILD THE NEW HIGH SCHOOL FACILITY. THE FRIENDS AT JUNE 30, 2021 PAID IN AN ADDITIONAL 1,436,209 IN CONSTRUCTION COSTS TO BUILD THE NEW HIGH SCHOOL FACILTIY. THE FRIENDS AT JUNE 30, 2022 PAID IN FINAL CONSTRUCTONS COSTS OF 149,550 TO COMPLETE THE BUILDING OF THE NEW HIGH SCHOOL FACILITY. THE FRIENDS AT JUNE 30, 2023 PAID ADDITIONAL RENOVATON COSTS OF 47,822. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3156957 3156957 6989657 827589 6162068 786052 194142 591910 9910935 INTEREST RATE SWAP LIABILITY 384802 384802 1099165 853866 853866 245299 245299 895262 832924 832924 62338 62338 SCHEDULE D, PAGE 4, PART XI, LINE 2D RENTAL EXPENSES 796,796 FUNDRAISING EXPENSES 57,070 SCHEDULE D, PAGE 4, PART XII, LINE 2D RENTAL EXPENSES 796,796 FUNDRAISING EXPENSES 57,070 MARKET CHANGE-INTERST RATE SWAP -20,942 GIFT CARDS 13100 13100 15931 GALA/AUCTION 87415 87415 28644 2700 4555 100515 100515 28644 2700 20486 51830 48685 true HOBOKEN CHARTER SCHOOL INC 713 WASHINGTON STREET HOBOKEN NJ 07030 223517040 501C3 20942 CHECKS SUPPORT A FULTON BK-WISCONSIN PUB FIN AUTH 2018-08-14 4200000 REFINANCE DEBT false false false B FULTON BK- WISCONSIN PUB FIN AUTH 2018-08-14 1780000 SCHOOL CONSTRUCTION false false false A 4200000 69789 235332 3894879 2022 false false true true B 4990337 9663 5000000 2022 false false false true A false false false false false false false B false false false false false false false A false false false false false false false false false B false false false false false false false false false A false B false PURPOSE OF ISSUE DESCRIPTION FULTON BK-WISCONSIN PUB FIN AUTH REFINANCE DEBT PURPOSE OF ISSUE DESCRIPTION FULTON BK- WISCONSIN PUB FIN AUTH SCHOOL CONSTRUCTION FORM 990 - ORGANIZATION'S MISSION TO FOSTER A QUALITY EDUCATION, FOSTER A NURTURING & PRODUCTIVE ENVIRONMENT FOR STUDENTS, TEACHERS, ADMINISTRATION & PARENTS, HOST FUNDRAISERS FOR THE SCHOOL CAPITAL FUND, OPERATIONS & PA EXPENDITURE & CULTIVATE COMMUNITY RELATIONS FOR THE BENEFIT OF THE HOBOKEN CHARTER SCHOOL, INC. FORM 990, PAGE 5, PART V, LINE 3B THE ORGANIZATION DID NOT HAVE ANY UNRELATED BUSINESS ACTIVITY, THEREFORE A FORM 990T IS NOT REQUIRED TO BE FILED. FORM 990, PAGE 6, PART VI, LINE 11B A DRAFT OF THE RETURN WILL BE PROVIDED TO THE OFFICERS AND TRUSTESS TO REVIEW AND WILL BE APPROVED AT THE NEXT REGULAR TRUSTEES MEETING PRIOR TO FILING FORM 990 WITH THE INTERNAL REVENUE SERVICE FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS WILL BE MADE AVAILABLE TO THE GENERAL PUBLIC BY VERBAL OR WRITTEN REQUEST TO THE OFFICERS OR TRUSTEES OF THE ORGANIZATION FORM 990, PART XI, LINE 9 RENTAL EXPENSES 796,796 FUNDRAISING EXPENSES 57,070 RENTAL EXPENSES -796,796 FUNDRAISING EXPENSES -57,070 MARKET CHANGE-INTERST RATE SWAP 20,942 TOTAL 20,942 HOBOKEN CHARTER SCHOOL 713 WASHINGTON STREET HOBOKEN NJ 07030 223517040 SCHOOL NJ 501C3 2 N/A false false true false false false false false false false true false false false true false false false true false HOBOKEN CHARTER SCHOOL J 920000 CHECKS/DEPOSITS