SCHEDULE O
(Form 990)

Department of the Treasury
Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
MediumBullet Attach to Form 990 or 990-EZ.
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OMB No. 1545-0047
2021
Open to Public
Inspection
Name of the organization
COMMUNITY CHARTER SCHOOL OF PATERSON
 
Employer identification number

26-1132409
Return Reference Explanation
Pt VI, Line 12c The board of the Charter School adheres to its adopted conflict of interest policy.
Pt VI, Line 15a The board reviews and approves all employees salaries including those of management staff.
Pt VI, Line 15b The board reviews and approves all employees salaries including those of management staff.
Pt VI, Line 19 All governing documents, conflict of interest policy and financial statements are available to the public upon request.
Pt VI, Line 11b Form 990s are reviewed by all board members of the Charter School and must be approved at a board meeting before filing with the IRS.
Pt XII, Line 2c The selection of the independent auditor must be approved by the board of the Charter School. Also the annual audited financial statements are presented to, reviwed and approved by the entire board.
Pt VI, Line 2 Three members of the Board of Trustees are former employees of New Jersey Community Development Corporation(NJCDC). NJCDC is the founding entity of the Charter School. These members recuse themselves from all transactions between the Charter School and NJCDC.
Other SCHEDULE L, PART IV, LINE 1 - New Jersey Community Development Corporation (NJCDC) is the founding entity of the Community Charter School of Paterson (the "Charter School"). NJCDC is a recognized IRS Code Section 501(c)(3) nonprofit organization. By its State approved charter, 3 of the 7 trustees of the Charter School are affiliated with NJDCDC. The Charter School leases its facilities from NJCDC. NJCDC affiliated trustees are prohibited from voting on or discussing issues related to the leases, including lease payments. All lease related expenses are separated from the monthly bill list and voted on separately.
Other PART XI, LINE 9 - RECONCILIATION OF NET ASSETS - $499,298. This amount represents partly a prior year's adjustment due to a reconciliation for GASB 68 - Pension.
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990) 2021


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