Marion P Thomas Charter School Inc
- Assets
- $17.6m
- Revenue
- $37.0m
- Investments
- $0.0
- Employees
- 284
- Location
- Newark, NJ
- Founding
- 03/1999
- Data as of
- 06/2021
- EIN
- 22-3531113
Organization Overview
Marion P Thomas Charter School Inc is located in Newark, NJ. The organization was established in 1999. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2021, Marion P Thomas Charter School Inc employed 284 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marion P Thomas Charter School 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 06/2021, Marion P Thomas Charter School Inc generated $37.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $35.5m during the year ending 06/2021. While expenses have increased by 5.0% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
MARION P. THOMAS CHARTER SCHOOL, INC. (THE "CHARTER SCHOOL") IS THE LARGEST INDEPENDENTLY-OPERATED FREE PUBLIC CHARTER SCHOOL IN NEWARK, NEW JERSEY. THE CHARTER SCHOOL WAS ESTABLISHED IN 1999 BY A GROUP OF INDIVIDUALS WHO WERE BORN AND RAISED IN NEWARK AND WANTED TO PROVIDE THE BEST POSSIBLE EDUCATIONAL EXPERIENCE FOR THE NEXT GENERATION OF NEWARKERS. THE SCHOOL IS ONE OF THE ONLY MINORITY-LED CHARTER SCHOOLS IN NEWARK, REFLECTING BOTH ITS STUDENT POPULATION AND THE COMMUNITY IT SERVES. SINCE 1999, IT HAS GROWN FROM FOUR CLASSROOMS TO FOUR CAMPUSES AND NOW SERVES 1,468 STUDENTS FROM PRE-KINDERGARTEN THROUGH THE 12TH GRADE. IT OFFERS A SEAMLESS EDUCATIONAL EXPERIENCE FROM "CRAYONS TO COLLEGE," GIVING NEWARK RESIDENTS THE OPPORTUNITY TO STAY WITHIN ONE SCHOOL SYSTEM FOR THEIR ENTIRE PUBLIC EDUCATIONAL CAREER FROM PREKINDERGARTEN TO 12TH GRADE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2020-2021 THE CHARTER SCHOOL HAD SERVED 1,468 STUDENTS THROUGH ITS PRE-KINDERGARTEN TO 12TH GRADE CURRICULUM AND SEAMLESS EDUCATIONAL EXPERIENCE FROM "CRAYONS TO COLLEGE." DURING THE YEAR, THE CHARTER SCHOOL UNDER TOOK MAJOR INITIATIVES IN ORDER FOR OUR VILLAGE TO CONTINUE TO ACHIEVE ITS HIGH LEVELS OF EXCELLENCE BY IMPLEMENTING NEW TIER I SEL CURRICULUM AND SCHOOL WIDE SUPPORTS, IMPLEMENTING TIER I ACADEMIC CURRICULUM WITH FIDELITY AND ACTIVATE BUILT IN STRUCTURESTO ASSESS AND RESPOND TO THE INDIVIDUAL NEEDS OF STUDENTS, AND DEVELOPING PRINCIPALS AS INSTRUCTIONAL LEADERS.
THE CHARTER SCHOOL PROVIDED NUTRITIONALLY BALANCED, LOW COST OR FREE MEALS TO CHILDREN EACH SCHOOL DAY THROUGH ITS BREAKFAST AND LUNCH PROGRAMS AND AFTER CARE PROGRAMS. THE PROGRAMS ARE FEDERALLY AND STATE ASSISTED.
THE CHARTER SCHOOL IMPLEMENTED THE EVERY STUDENT SUCCEEDS ACT (ESSA) AND IDEA PROGRAMS. THESE PROGRAM WERE ENACTED BY CONGRESS TO REAUTHORIZE THE ELEMENTARY AND SECONDARY EDUCATION ACT WITH MAJOR FOCUS ON PROVIDING ALL CHILDREN WITH FAIR, EQUAL AND SIGNIFICANT OPPORTUNITY TO HAVE A HIGH QUALITY EDUCATION THOUGH ENRICHMENT ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chaleeta Hines Superinterndent (until 6/2021) | Officer | 40 | $154,352 |
John Gamble Select Academy Principal | 40 | $136,111 | |
Lisa Finn-Bruce Steam Academy Principal | 40 | $132,053 | |
Jasonn Denard High School Principal | 40 | $129,683 | |
Steve Sandor Pac Academy Principal | 40 | $124,500 | |
Wayne Stackhouse High School Vice Principal | 40 | $116,354 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $10,518,276 |
| All other contributions, gifts, grants, and similar amounts not included above | $14,064 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,532,340 |
| Total Program Service Revenue | $26,455,334 |
| Investment income | $4,707 |
| 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 | $37,041,604 |
| 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. | $917,285 |
| Compensation of current officers, directors, key employees. | $917,285 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,693,488 |
| Pension plan accruals and contributions | $7,779,421 |
| Other employee benefits | $4,627,987 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $118,937 |
| Fees for services: Accounting | $33,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,330,134 |
| Advertising and promotion | $0 |
| Office expenses | $712,111 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,161,240 |
| 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 | $68,956 |
| Insurance | $0 |
| All other expenses | $4,499 |
| Total functional expenses | $35,485,200 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $335,971 |
| Savings and temporary cash investments | $9,862,933 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,076,324 |
| 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 | $98,679 |
| Net Land, buildings, and equipment | $251,928 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,934,424 |
| Total assets | $17,560,259 |
| Accounts payable and accrued expenses | $1,162,885 |
| Grants payable | $0 |
| Deferred revenue | $159,545 |
| 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 | $3,747,686 |
| Other liabilities | $17,291,988 |
| Total liabilities | $22,362,104 |
| Net assets without donor restrictions | -$5,033,990 |
| Net assets with donor restrictions | $232,145 |
| 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 | $17,560,259 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Marion P Thomas Charter School Inc has recieved totaling $85,000.
| Awarding Organization | Amount |
|---|---|
New Jersey Childrens Foundation Newark, NJ PURPOSE: TO SUPPORT MPTCS PLANNING. | $85,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Archway Charter School Of Chester Inc Chester, PA | $43,430,171 | $101,905,393 |
Democracy Prep New York Charter Schools Bronx, NY | $67,527,043 | $86,404,779 |
Grace Church School New York, NY | $124,238,513 | $52,477,666 |
Haverford School Haverford, PA | $200,207,536 | $63,658,264 |
Calhoun School Inc New York, NY | $66,556,667 | $39,561,327 |
Marion P Thomas Charter School Inc Newark, NJ | $17,560,259 | $37,041,604 |
Saint Davids School New York, NY | $170,289,488 | $33,366,978 |
Trustees Of Newark Academy Livingston, NJ | $113,328,907 | $35,913,632 |
Philadelphia Independent Mission Schools Philadelphia, PA | $39,191,945 | $38,175,969 |
Hewitt School New York, NY | $78,957,035 | $33,976,072 |
Lakewood Chedar School Lakewood, NJ | $43,735,740 | $33,402,068 |
Buckley School In The City Of New York New York, NY | $138,732,019 | $33,895,115 |