Metropolitan Lighthouse Charter School
- Assets
- $11.7m
- Revenue
- $15.7m
- Investments
- $0.0
- Employees
- 92
- Location
- Bronx, NY
- Founding
- 07/2010
- Data as of
- 06/2021
- EIN
- 27-1005111
Organization Overview
Metropolitan Lighthouse Charter School, operating under the name Nuasin Next Generation Charter School, is located in Bronx, NY. 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 06/2021, Nuasin Next Generation Charter School employed 92 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nuasin Next Generation Charter School 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, Nuasin Next Generation Charter School generated $15.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.5% each year . All expenses for the organization totaled $12.4m during the year ending 06/2021. While expenses have increased by 7.4% 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
PREPARE SCHOLARS FOR COLLEGE GRADUATION THROUGH A RIGOROUS ARTS-INFUSED PROGRAM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THIS PROGRAM PROVIDES EDUCATIONAL SERVICES IN CLASSES FROM KINDERGARTEN THROUGH TWELFTH GRADE. THE SCHOOL HAD 683 STUDENTS DURING THE FISCAL YEAR ENDED JUNE 30, 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kurt Davidson Principal - K-8 | 40 | $157,922 | |
Anthony Wayne Brown Assistant Principal - 9 | 40 | $131,723 | |
Adonai John-Shiman Assistant Principal - K-8 | 40 | $131,500 | |
Aaron Bothner Chairperson | OfficerTrustee | 4 | $0 |
Anuj Khatiwada Vice Chair | OfficerTrustee | 4 | $0 |
Shanta Pressley Treasurer | OfficerTrustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lighthouse Academies Inc Management Fees | 6/29/21 | $382,654 |
Proclean Maintenance Systems Inc Cleaning Services | 6/29/21 | $335,496 |
Charter Technology Solutions It Services | 6/29/21 | $266,955 |
School Professionals Substitute Teacher Services | 6/29/21 | $100,028 |
Metropolitan Support Corporation Rent | 6/29/21 | $1,681,816 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,135,370 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,183 |
| Noncash contributions included in lines 1a–1f | $43,187 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,141,553 |
| Total Program Service Revenue | $13,575,862 |
| Investment income | $32,298 |
| 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 | $15,749,713 |
| 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 | $6,194,594 |
| Pension plan accruals and contributions | $77,036 |
| Other employee benefits | $563,470 |
| Payroll taxes | $550,969 |
| Fees for services: Management | $382,654 |
| Fees for services: Legal | $104,343 |
| Fees for services: Accounting | $62,885 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $613,865 |
| Advertising and promotion | $0 |
| Office expenses | $76,523 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,263,655 |
| Travel | $82,332 |
| 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 | $120,193 |
| Insurance | $186,279 |
| All other expenses | $0 |
| Total functional expenses | $12,424,986 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,245,572 |
| Savings and temporary cash investments | $1,023,837 |
| Pledges and grants receivable | $593,603 |
| Accounts receivable, net | $10,873 |
| 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 | $154,502 |
| Net Land, buildings, and equipment | $2,368,459 |
| Investments—publicly traded securities | $4,230,734 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $101,853 |
| Total assets | $11,729,433 |
| Accounts payable and accrued expenses | $1,151,751 |
| 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 | $559,983 |
| Total liabilities | $1,711,734 |
| Net assets without donor restrictions | $10,017,699 |
| 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 | $11,729,433 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Metropolitan Lighthouse Charter School has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mastery Charter High School Philadelphia, PA | $43,740,057 | $52,618,647 |
Public Prep Charter School Academies Bronx, NY | $28,993,375 | $52,903,915 |
Achievement First Inc New Haven, CT | $52,811,061 | $64,422,955 |
Explore Excel Charter School Brooklyn, NY | $21,686,253 | $46,865,700 |
Brooklyn Prospect Charter School Brooklyn, NY | $14,747,543 | $42,286,541 |
Little Red School House Inc New York, NY | $50,588,811 | $36,915,940 |
Philadelphia Performing Arts A String Theory Charter School Philadelphia, PA | $27,708,411 | $43,176,770 |
True North Rochester Preparatorycharter School Rochester, NY | $31,478,453 | $41,687,630 |
Classical Charter Schools Bronx, NY | $15,984,342 | $34,614,781 |
Bronx Charter School For Excellence Bronx, NY | $63,378,035 | $40,736,120 |
Avon Grove Charter School West Grove, PA | $50,579,082 | $34,467,872 |
Science Academies Of New York Charter Schools Syracuse, NY | $37,462,091 | $36,615,185 |