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Icahn Charter School 7

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Educational Institutions and Related Activities / Elementary, Secondary Education, K - 12 (B29) (NTEE)

Donations to this organization are tax deductible.

Details

According to its June 2023 tax filing, this nonprofit:

Operated a school
Organization is a school. Details are reported on Schedule E.

Summary charts: organization finances over time

Revenue
$6.55M (2023)

Expenses
$5.47M (2023)

Total Assets
$4.08M (2023)

Total Liabilities
$873k (2023)

Source: Form 990 tax filings from 2014 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$6,550,094
Expenses
$5,474,624
Net Income
$1,075,470
Net Assets
$3,204,187
Notable Sources of Revenue Percent of Total Revenue
Contributions $668,123
10.2%
Program Services $5,765,936
88.0%
Investment Income $116,035
1.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $388,514
7.1%
Professional Fundraising Fees $0
Other Salaries and Wages $2,832,862
51.7%
Assets/Debt
Total Assets $4,077,006
Total Liabilities $872,819
Net Assets $3,204,187
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Panorea Panagiosoulis (Principal) $187,437 $0 $0
Nicole Duhaney Alcock (Assistant Principal) $121,924 $0 $442
Pamela Oliver (Staff Developer) $109,088 $0 $8,066
Kristine Pappas (Teacher) $106,686 $0 $2,539
Gail Golden Icahn (Chairperson/President) $0 $0 $0
Diane Fellows (Trustee) $0 $0 $0
Rebecca Bukofzer (Trustee/Parent Representative) $0 $0 $0
Seymour Fliegel (Trustee) $0 $0 $0
Karen Mandelbaum (Trustee) $0 $0 $0
Robert Sancho (Trustee (Thru 06/2023)) $0 $0 $0
Edward J Shanahan (Trustee) $0 $0 $0
Richard Santiago Deputy (Superintendent Of Finance/Treasurer) $0 $458,650 $47,575
Edward Tom (Superintendent) $0 $483,696 $49,224
Yalitza Vasquez Secretary (Asst. Superintendent (As Of 05/2022)) $0 $214,234 $17,963
Jeffrey Litt (Former Superintendent) $0 $394,229 $947

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,808,069
Expenses
$5,552,723
Net Income
$255,346
Net Assets
$2,128,717
Notable Sources of Revenue Percent of Total Revenue
Contributions $769,690
13.3%
Program Services $5,034,704
86.7%
Investment Income $2,883
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $792
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $225,446
4.1%
Professional Fundraising Fees $0
Other Salaries and Wages $2,985,811
53.8%
Assets/Debt
Total Assets $3,373,807
Total Liabilities $1,245,090
Net Assets $2,128,717
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Naudia M Forbes (Principal (Thru 10/2021)) $149,635 $0 $27,362
Dawn N Starks (Staff Developer) $146,100 $0 $7,298
Gail Golden Icahn (Chairperson/President) $0 $0 $0
Diane Fellows (Trustee/Secretary) $0 $0 $0
Rebecca Bukofzer (Trustee/Parent Representative) $0 $0 $0
Seymour Fliegel (Trustee) $0 $0 $0
Karen Mandelbaum (Trustee) $0 $0 $0
Robert Sancho (Trustee) $0 $0 $0
Edward J Shanahan (Trustee) $0 $0 $0
Jeffrey Litt (Superintendent) $0 $486,062 $14,500
Richard Santiago Deputy (Superintendent Of Finance/Treasurer) $0 $381,652 $49,766
Edward Tom Deputy (Superintendent (As Of 07/2021)) $0 $160,747 $32,822
Irene March (Treasurer (Thru 03/2022)) $0 $0 $0
Melissa Gallego Demuth (Deputy Superintendent (Thru 05/2021)) $0 $78,172 $4,535

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Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,483,916
Expenses
$4,757,707
Net Income
$726,209
Net Assets
$1,873,371
Notable Sources of Revenue Percent of Total Revenue
Contributions $413,841
7.5%
Program Services $5,068,991
92.4%
Investment Income $730
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $354
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $357,459
7.5%
Professional Fundraising Fees $0
Other Salaries and Wages $2,627,541
55.2%
Assets/Debt
Total Assets $3,103,649
Total Liabilities $1,230,278
Net Assets $1,873,371
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Naudia M Forbes (Principal) $172,259 $0 $26,063
Dawn N Starks (Staff Developer) $140,513 $0 $7,019
Jeffrey Litt (Superintendent) $0 $486,062 $14,250
Richard Santiago (Deputy Superintendent Of Finance) $0 $340,902 $42,963
Melissa Gallego Demuth (Deputy Superintendent (Thru 05/2021)) $0 $184,431 $10,529
Daniel Garcia (Former Officer) $0 $124,568 $6,150
Gail Golden Icahn (Chairperson/President) $0 $0 $0
Diane Fellows (Trustee/Secretary) $0 $0 $0
Rebecca Bukofzer (Trustee/Parent Representative) $0 $0 $0
Seymour Fliegel (Trustee) $0 $0 $0
Karen Mandelbaum (Trustee) $0 $0 $0
Robert Sancho (Trustee) $0 $0 $0
Edward J Shanahan (Trustee) $0 $0 $0
Irene March (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,456,909
Expenses
$4,941,253
Net Income
$515,656
Net Assets
$1,147,162
Notable Sources of Revenue Percent of Total Revenue
Contributions $224,247
4.1%
Program Services $5,210,491
95.5%
Investment Income $22,171
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $161,991
3.3%
Professional Fundraising Fees $0
Other Salaries and Wages $3,025,572
61.2%
Assets/Debt
Total Assets $2,096,795
Total Liabilities $949,633
Net Assets $1,147,162
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Naudia M Forbes (Principal) $153,088 $0 $24,637
Dawn N Starks (Staff Developer) $136,011 $0 $6,794
Jeffrey Litt (Superintendent) $0 $484,620 $13,750
Richard Santiago (Depy Superintendent Of Finance) $0 $330,291 $38,025
Daniel Garcia (Deputy Superintendent) $0 $315,536 $13,750
Gail Golden Icahn (Chairperson/President) $0 $0 $0
Diane Fellows (Trustee/Secretary) $0 $0 $0
Seymour Fliegel (Trustee) $0 $0 $0
Robert Sancho (Trustee) $0 $0 $0
Karen Mandelbaum (Trustee) $0 $0 $0
Edward J Shanahan (Trustee) $0 $0 $0
Leslie Irizarry (Trustee/Par. Rep.(Thru 08/19)) $0 $0 $0
Rebecca Bukofzer Tavarez (Trustee/Par. Rep.(As Of 10/19)) $0 $0 $0
Irene March (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,616,330
Expenses
$4,832,978
Net Income
-$216,648
Net Assets
$631,506
Notable Sources of Revenue Percent of Total Revenue
Contributions $243,241
5.3%
Program Services $4,343,084
94.1%
Investment Income $29,343
0.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $662
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $154,800
3.2%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,620,520
Total Liabilities $989,014
Net Assets $631,506
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Naudia M Forbes (Principal) $156,091 $0 $22,704
Dawn N Starks (Staff Developer) $120,215 $0 $7,207
Gail Golden Icahn (Chairperson/President) $0 $0 $0
Seymour Fliegel (Trustee) $0 $0 $0
Robert Sancho (Trustee) $0 $0 $0
Karen Mandelbaum (Trustee) $0 $0 $0
Edward J Shanahan (Trustee) $0 $0 $0
Angela Torre Sthru 1118 (Trustee/Parent Representative) $0 $0 $0
Diane Fellows (Trustee/Secretary) $0 $0 $0
Leslie Irizarryas Of 1118 (Trustee/Parent Representative) $0 $0 $0
Irene March (Treasurer) $0 $0 $0
Jeffrey Litt (Superintendent) $0 $461,619 $11,000
Daniel Garcia (Deputy Superintendent) $0 $288,465 $11,000
Richard Santiago (Depy Superintendent Of Finance) $0 $304,952 $35,275

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,877,932
Expenses
$3,561,586
Net Income
$316,346
Net Assets
$848,154
Notable Sources of Revenue Percent of Total Revenue
Contributions $196,997
5.1%
Program Services $3,660,829
94.4%
Investment Income $15,556
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $4,550
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $156,972
4.4%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,571,744
Total Liabilities $723,590
Net Assets $848,154
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Naudia M Forbes (Principal) $142,346 $0 $9,111
Dawn N Starks (Staff Developer) $109,870 $0 $5,569
Gail Golden Icahn (Chairperson/President) $0 $0 $0
Seymour Fliegel (Trustee) $0 $0 $0
Robert Sancho (Trustee) $0 $0 $0
Karen Mandelbaum (Trustee) $0 $0 $0
Edward J Shanahan (Trustee) $0 $0 $0
Angela Torres (Trustee/Parent Representative) $0 $0 $0
Diane Fellows (Trustee/Secretary) $0 $0 $0
Julie Clark Goodyear (Secretary/Trustee (Thru 11/17)) $0 $223,254 $15,620
Irene March (Treasurer) $0 $0 $0
Jeffrey Litt (Superintendent) $0 $419,770 $11,000
Daniel Garcia (Deputy Superintendent) $0 $263,398 $11,000
Richard Santiago (Depy Superintendent Of Finance) $0 $277,466 $35,275

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,176,073
Expenses
$3,087,394
Net Income
$88,679
Net Assets
$531,808
Notable Sources of Revenue Percent of Total Revenue
Contributions $122,881
3.9%
Program Services $3,048,694
96.0%
Investment Income $4,182
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $316
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $110,210
3.6%
Professional Fundraising Fees $0
Other Salaries and Wages $1,763,193
57.1%
Assets/Debt
Total Assets $993,642
Total Liabilities $461,834
Net Assets $531,808
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Naudia M Forbes (Principal) $122,913 $0 $7,842
Gail Golden Icahn (Chairperson/President) $0 $0 $0
Julie Clark Goodyear (Secretary/Trustee) $0 $304,561 $16,879
Seymour Fliegel (Trustee) $0 $0 $0
Robert Sancho (Trustee) $0 $0 $0
Karen Mandelbaum (Trustee) $0 $0 $0
Edward J Shanahan (Trustee) $0 $0 $0
Jennifer Alston Evans (Trustee/Parent Representative) $0 $0 $0
Irene March (Treasurer) $0 $0 $0
Jeffrey Litt (Superintendent) $0 $388,224 $11,000
Daniel Garcia (Deputy Superintendent) $0 $248,317 $11,000
Richard Santiago (Depy Superintendent Of Finance) $0 $257,870 $34,990

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,496,972
Expenses
$2,469,062
Net Income
$27,910
Net Assets
$443,129
Notable Sources of Revenue Percent of Total Revenue
Contributions $106,822
4.3%
Program Services $2,388,375
95.7%
Investment Income $874
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $901
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $90,385
3.7%
Professional Fundraising Fees $0
Other Salaries and Wages $1,307,910
53.0%
Assets/Debt
Total Assets $863,284
Total Liabilities $420,155
Net Assets $443,129
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Laura M Sullivan (Principal Thru 03/2016) $136,910 $0 $6,939
Jeffrey Litt (Superintendent) $35,888 $352,082 $11,000
Richard Santiago (Depy Superintendent Of Finance) $23,429 $229,859 $32,715
Daniel Garcia (Deputy Superintendent) $22,792 $223,600 $11,000
Gail Golden Icahn (Chairperson/President) $0 $0 $0
Julie Clark Goodyear (Secretary/Trustee) $0 $308,133 $15,462
Seymour Fliegel (Trustee) $0 $0 $0
Robert Sancho (Trustee) $0 $0 $0
Karen Mandelbaum (Trustee) $0 $0 $0
Edward J Shanahan (Trustee) $0 $0 $0
Jennifer Alston Evans (Trustee/Parent Representative) $0 $0 $0
Irene March (Treasurer) $0 $0 $0
Keith Cozza (Asst. Treasurer Thru 09/2015) $0 $0 $0

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,239,655
Expenses
$2,097,016
Net Income
$142,639
Net Assets
$415,219
Notable Sources of Revenue Percent of Total Revenue
Contributions $286,773
12.8%
Program Services $1,951,917
87.2%
Investment Income $90
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $875
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $75,504
3.6%
Professional Fundraising Fees $0
Other Salaries and Wages $1,171,431
55.9%
Assets/Debt
Total Assets $724,025
Total Liabilities $308,806
Net Assets $415,219
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Laura M Sullivan (Principal) $129,060 $0 $7,663
Jeffrey Litt (Superintendent) $28,494 $327,677 $11,000
Richard Santiago (Depy Superintendent Of Finance) $18,256 $209,937 $31,107
Daniel Garcia (Deputy Superintendent) $17,861 $205,405 $11,000
Steven Sorokin (Director Of Curriculum) $11,038 $126,940 $4,130
Gail Golden Icahn (Chairperson/President) $0 $0 $0
Julie Clark Goodyear (Secretary/Trustee) $0 $287,302 $15,923
Seymour Fliegel (Trustee) $0 $0 $0
Robert Sancho (Trustee) $0 $0 $0
Karen Mandelbaum (Trustee) $0 $0 $0
Edward J Shanahan (Trustee) $0 $0 $0
Irene March (Treasurer) $0 $0 $0
Keith Cozza (Assistant Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,923,028
Expenses
$1,717,672
Net Income
$205,356
Net Assets
$272,580
Notable Sources of Revenue Percent of Total Revenue
Contributions $535,187
27.8%
Program Services $1,387,229
72.1%
Investment Income $127
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $485
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $58,905
3.4%
Professional Fundraising Fees $0
Other Salaries and Wages $885,098
51.5%
Assets/Debt
Total Assets $596,235
Total Liabilities $323,655
Net Assets $272,580
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Jeffrey Litt (Superintendent) $22,189 $310,982 $11,000
Daniel Garcia (Deputy Superintendent) $14,249 $199,688 $10,642
Richard Santiago (Depy Superintendent Of Finance) $14,128 $197,999 $28,379
Steven Sorokin (Director Of Curriculum) $8,602 $120,557 $6,406
Carl C Icahn (Chairman/Trustee (Thru 09/13)) $0 $0 $0
Gail Golden Icahn (Chairperson/Trustee) $0 $0 $0
Julie Clark Goodyear (Secretary/Trustee) $0 $264,257 $21,505
Seymour Fliegel (Trustee) $0 $0 $0
Robert Sancho (Trustee) $0 $0 $0
Karen Mandelbaum (Trustee) $0 $0 $0
Edward J Shanahan (Trustee) $0 $0 $0
Irene March (Treasurer) $0 $0 $0
Keith Cozza (Assistant Treasurer) $0 $0 $0

Document Links

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Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

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