Nonprofit · EIN 47-2329333
EMPOWERMENT ACADEMY CHARTER SCHOOL INC
Tax-exempt · JERSEY CITY, NJ 07304
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $42,678,541 | $34,445,811 | $8,232,730 | $29,828,741 | $2,226,412 | $27,602,329 |
| June 30, 2024 | 990 | $37,539,769 | $29,164,024 | $8,375,745 | $19,373,643 | $2,851,645 | $16,521,998 |
| June 30, 2023 | 990 | $26,527,797 | $23,930,098 | $2,597,699 | $9,363,544 | $1,217,291 | $8,146,253 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $41,826,714
- of which government grants
- $41,826,714
- Program service revenue
- $52,037
- Investment income
- $188,249
- Other revenue
- $611,541
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $799,380
- Other salaries and wages
- $18,066,121
- Salaries, compensation and benefits (total)
- $25,600,041
- Professional fundraising fees
- $0
- Legal fees
- $23,874
- Accounting fees
- $182,932
- Occupancy
- $2,393,127
- Depreciation
- $187,854
- Program services (functional)
- $24,764,394
- Management and general (functional)
- $9,681,417
Balance sheet and other
- Total assets, start of year
- $9,363,544
- Total assets, end of year
- $29,828,741
- Total liabilities, end of year
- $2,226,412
- Net assets, end of year
- $27,602,329
- Land, buildings and equipment
- $4,509,283
- Net assets without donor restrictions
- $27,602,329
- Gross receipts
- $42,678,541
- Employees
- 310
- Volunteers
- 15
- Year formed
- 2015
- State of legal domicile
- NJ
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RICHARD RASCHDORF | SCHOOL BUSINESS ADMINISTRATOR Officer, Key employee, Highest-paid employee | 40 | $169,380 | $8,097 |
| LISA POWELL | PRINCIPAL Highest-paid employee | 40 | $160,580 | $7,156 |
| CRAIG MESSMER | PRINCIPAL Highest-paid employee | 40 | $158,250 | $9,472 |
| ANGELA THOMAS | DIRECTOR OF EDUCATION Highest-paid employee | 40 | $145,500 | $2,598 |
| MOLLY FRAWLEY | DEAN OF CURRICULUM AND INSTRUCTIONS Highest-paid employee | 40 | $115,000 | $0 |
| MONICA ZASLOWER | PRESIDENT Trustee or director, Officer | 5 | $0 | $0 |
| LONNIE SOBEL | VICE PRESIDENT Trustee or director | 5 | $0 | $0 |
| THOMAS GALLAGHER | TREASURER Trustee or director | 5 | $0 | $0 |
| THOMAS OGORZELEK | BOARD MEMBER Trustee or director | 5 | $0 | $0 |
| DAMI KABIAWU | BOARD MEMBER Trustee or director | 5 | $0 | $0 |
990 for the year ended June 30, 2024: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RICHARD RASCHDORF | BUSINESS ADMIN Key employee, Highest-paid employee | 35 | $158,760 |
| MONICA QUIROGA ZASLOWER | TRUSTEE Trustee or director | 5 | $0 |
| THOMAS GALLAGHER | TRUSTEE Trustee or director | 5 | $0 |
| LONNIE SOBEL | TRUSTEE Trustee or director | 5 | $0 |
| THOMAS OZORZALEK | TRUSTEE Trustee or director | 5 | $0 |
| DAMI KABIAWU | TRUSTEE Trustee or director | 5 | $0 |
990 for the year ended June 30, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MONICA QUIROGA ZASLOWER | TRUSTEE Trustee or director | 5 | $0 |
| THOMAS GALLAGHER | TRUSTEE Trustee or director | 5 | $0 |
| LONNIE SOBEL | TRUSTEE Trustee or director | 5 | $0 |
| THOMAS OZORZALEK | TRUSTEE Trustee or director | 5 | $0 |
| DAMI KABIAWU | TRUSTEE Trustee or director | 5 | $0 |
| SAPREET SALUJA | TRUSTEE Trustee or director | 5 | $0 |
| CARLY GIGL | KEY EMPLOYEE Key employee | 35 | $0 |
| RICHARD RASCHDORF | BUSINESS ADMIN Key employee | 35 | $0 |
Address and contacts
- Address (IRS master file)
- 240 EGE AVE, JERSEY CITY, NJ 07304-1413
- In care of
- % MONICA ZASLOWER
- Principal officer (990 for 2024)
- MENACHEM BAZIN, 240 EGE AVENUE, JERSEY CITY, NJ 07304
- Signed the 990
- MENACHEM BAZIN CPA, SCHOOL BUSINESS ADMINISTRATOR
- Phone
- (201) 630-4799
- Return prepared by
- OLUGBENGA OLABINTAN CPA INC
Mission
EMPOWERMENT ACADEMY CHARTER SCHOOL IS COMMITTED TO CHILDREN HAVING BRIGHTER PROSPECTS. IT IS COMMITTED TO DEVELOPING THE KIND OF VALUES, SKILLS, KNOWLEDGE, CONFIDENCE AND CHARACTER IN THE STUDENTS THAT WILL PROSPEL THEM TO SUCCESS.
Program accomplishments
- EMPOWERMENT ACADEMY CHARTER SCHOOL IS COMMITTED TO CHILDREN HAVING BRIGHTER PROSPECTS. IT IS COMMITTED TO DEVELOPING THE KIND OF VALUES,SKILLS, KNOWLEDGE, CONFIDENCE AND CHARACTER IN THE STUDENTS THAT WILL PROSPEL THEM TO SUCCESS IN SCHOOL, COLLEGE AND CAREER AND LEAD TO A HAPPY CONTRIBUTORY LIFE. THE CHARTER SCHOOL HAD AN AVERAGE ENROLLMENT OF 1266 DURING THE 2024-2025 SCHOOL YEAR.Expenses $24,764,394
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 47-2329333
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2015
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B20)
- Assets (IRS master file)
- $29,828,741
- Income (IRS master file)
- $42,678,541
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $42,678,541 | $34,445,811 | $29,828,741 | XML |
| 990 | June 2024 | $37,539,769 | $29,164,024 | $19,373,643 | IRS |
| 990 | June 2023 | $26,527,797 | $23,930,098 | $9,363,544 | XML |
| 990 | June 2022 | $18,995,847 | $17,897,323 | $6,681,057 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 47-2329333).
Questions about EMPOWERMENT ACADEMY CHARTER SCHOOL INC
- What is the EIN of EMPOWERMENT ACADEMY CHARTER SCHOOL INC?
- The employer identification number (EIN) of EMPOWERMENT ACADEMY CHARTER SCHOOL INC is 47-2329333.
- Is EMPOWERMENT ACADEMY CHARTER SCHOOL INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to EMPOWERMENT ACADEMY CHARTER SCHOOL INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does EMPOWERMENT ACADEMY CHARTER SCHOOL INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of EMPOWERMENT ACADEMY CHARTER SCHOOL INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did EMPOWERMENT ACADEMY CHARTER SCHOOL INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of EMPOWERMENT ACADEMY CHARTER SCHOOL INC?
- The 990 for the year ended June 30, 2025 names MENACHEM BAZIN.
- Who are the officers and directors of EMPOWERMENT ACADEMY CHARTER SCHOOL INC?
- The 990 for the year ended June 30, 2025 lists 10 people; 5 received compensation from the organization, the highest $169,380 (RICHARD RASCHDORF, SCHOOL BUSINESS ADMINISTRATOR).
- How much revenue does EMPOWERMENT ACADEMY CHARTER SCHOOL INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $42,678,541, expenses of $34,445,811 and total assets of $29,828,741 at year end.
Other nonprofits in JERSEY CITY
- SAINT PETERS UNIVERSITY EIN 22-1508627 · last filed 990 for 2025
- BELOVED COMMUNITY CHARTER SCHOOL INC EIN 45-3689749 · last filed 990 for 2025
- GOLDEN DOOR CHARTER SCHOOL A NEW JERSEY NONPROFIT CORPORATION EIN 22-3590539 · last filed 990 for 2025
- UNIVERSITY ACADEMY CHARTER HIGH SCHOOL EIN 22-3802223 · last filed 990 for 2025
- JERSEY CITY COMMUNITY CHARTER SCHOOL EIN 22-3499346 · last filed 990 for 2025
- THE LEARNING COMMUNITY CHARTER SCHOOL INC EIN 22-3510465 · last filed 990 for 2025
- DR LENA EDWARDS CHARTER SCHOOL EIN 27-1827559 · last filed 990 for 2025
- NEW CLASSROOMS INNOVATION PARTNERS INC EIN 45-2736163 · last filed 990 for 2025