Lincoln Marti Charter Schools Inc
- Assets
- $12.8m
- Revenue
- $17.0m
- Investments
- $0.0
- Employees
- 94
- Location
- Miami, FL
- Founding
- 06/2010
- Data as of
- 06/2022
- EIN
- 20-0909669
Organization Overview
Lincoln Marti Charter Schools Inc is located in Miami, FL. The organization was established in 2010. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2022, Lincoln Marti Charter Schools Inc employed 94 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lincoln Marti Charter Schools Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Lincoln Marti Charter Schools Inc generated $17.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $14.7m during the year ending 06/2022. While expenses have increased by 2.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HIGH QUALITY EDUCATIONAL CHOICES TO SOUTH FLORIDA FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF FIVE CHARTER SCHOOLS APPROVED BY THE SCHOOL BOARD OF MIAMI-DADE COUNTY AND OPERATION ONE CHARTER SCHOOL APPROVED BY THE SCHOOL BOARD OF OSCEOLA COUNTY. OPEN TO CHILDREN IN KINDERGARDEN THROUGH GRADE TWELVE (APPROXIMATELY 5 THROUGH 18 YEARS OF AGE) WHO QUALIFY TO ATTEND A TRADITIONAL PUBLIC SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maria C Rodriguez Administrator | 40 | $129,063 | |
Barbara Sanchez Principal | 40 | $118,078 | |
Marilyn J Meulener Administrator | 40 | $103,065 | |
Maria D Vasallo President | OfficerTrustee | 4 | $0 |
Clay Reiner Vice-President | OfficerTrustee | 2 | $0 |
Yoryana Manrresa Treasurer | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lincoln Marti Management Services L Management Services | 6/29/22 | $116,180 |
Bdo Accounting Services | 6/29/22 | $121,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $2,371,287 |
| Government grants | $13,853,645 |
| All other contributions, gifts, grants, and similar amounts not included above | $733,694 |
| Noncash contributions included in lines 1a–1f | $1,321,287 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,958,626 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,958,626 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,509,186 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,791 |
| Payroll taxes | $536,673 |
| Fees for services: Management | $628,269 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $118,967 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $70,866 |
| Advertising and promotion | $420,435 |
| Office expenses | $92,829 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,255,290 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $798,903 |
| Insurance | $30,128 |
| All other expenses | $588,459 |
| Total functional expenses | $14,656,155 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,252,050 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $86,368 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,105 |
| Net Land, buildings, and equipment | $2,407,507 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,751,030 |
| Accounts payable and accrued expenses | $822,109 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $822,109 |
| Net assets without donor restrictions | $11,928,921 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $12,751,030 |