Thomas Edison Energy-Smart Charter School
- Assets
- $13.6m
- Revenue
- $12.0m
- Investments
- $0.0
- Employees
- 82
- Location
- Somerset, NJ
- Founding
- 09/2014
- Data as of
- 06/2023
- EIN
- 27-4502163
Organization Overview
Thomas Edison Energy-Smart Charter School is located in Somerset, NJ. The organization was established in 2014. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2023, Thomas Edison Energy-Smart Charter School employed 82 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Thomas Edison Energy-Smart 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 06/2023, Thomas Edison Energy-Smart Charter School generated $12.0m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.5% each year . All expenses for the organization totaled $12.2m during the year ending 06/2023. While expenses have increased by 15.6% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE THOMAS EDISON ENERGYSMART CHARTER SCHOOL IS TO PROVIDE ACADEMIC AND SOCIAL CHALLENGES AND OPPORTUNITIES TO STUDENTS, INSTILLING THE SKILLS AND KNOWLEDGE THAT THEY WILL NEED TO SUCCEED IN THEIR LIVES. THE SCHOOL AIMS TO FORGE A POWERFUL PARTNERSHIP OUT OF THE STUDENT-TEACHER-PARENT TRIAD. THIS PARTNERSHIP WILL PROVIDE AND EMPOWER OUR YOUTH WITH THE SUPPORT NECESSARY TO REACH THEIR HIGHEST POTENTIAL INTELLECTUALLY, SOCIALLY, EMOTIONALLY AND PHYSICALLY BUILDING ON THEIR INHERENT PROMISE TO AID IN THEIR PREPARATION FOR COLLEGE AND CAREER. THE SCHOOLS SPECIFIC GOALS ARE TO MAKE ITS STUDENTS AWARE OF THE GREEN RENEWABLE RESOURCES AND THE HAZARDS OF GLOBAL WARMING. STUDENTS ARE EXPOSED TO WELL DESIGNED COMMON CORE ALIGNED CURRICULUM. TEACHERS 21ST CENTURY SKILLS AND TECHNOLOGY TO MAKE LEARNING INTERACTIVE, INTERESTING AND ENGAGING FOR ALL STUDENTS. THOMAS EDISON ENERGYSMART CHARTER SCHOOL ALSO OFFERS AFTER SCHOOL ACTIVITIES LIKE DRAMA CLUBS, ROBOTICS, I-PAD CLASSES, AND SIM
Describe the Organization's Program Activity:
Part 3 - Line 4a
THOMAS EDISON ENERGYSMART CHARTER SCHOOL WAS GRANTED ITS CHARTER TO OPERATE THEIR CHARTER SCHOOL DURING THE 2010-2011 ACADEMIC YEAR, BUT COULD NOT OPEN ITS DOORS UNTIL SEPTEMBER, 2012, FOR THEIR FIRST SCHOOL YEAR, DUE TO BUILDING ISSUES. THOMAS EDISON ENERGYSMART CHARTER SCHOOL BEGAN ITS SCHOOL WITH GRADES KINDERGARTEN THROUGH GRADE 4 FOR ITS INITIAL YEAR, AND IT PLANS TO ADD A NEW GRADE EACH YEAR UP TO THE 12TH GRADE. FOR THE 2022-2023 SCHOOL YEAR, THOMAS EDISON ENERGYSMART CHARTER SCHOOL PROVIDED A FULL RANGE OF SERVICES APPROPRIATE TO GRADES KINDERGARTEN THRU 12. THESE SERVICES INCLUDED REGULAR, AS WELL AS SPECIAL EDUCATION AND BASIC SKILLS INSTRUCTION. THE CHARTER SCHOOL COMPLETED THE 2022-2023 SCHOOL YEAR WITH AN ENROLLMENT OF 603 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen Alexis Trustee | Trustee | 2 | $0 |
Keshaw Sahay Vp-Trustees | Trustee | 2 | $0 |
Raif Rustamov Pres-Bd Trustee | Trustee | 2 | $0 |
Ashok Munisamy Trustee | Trustee | 2 | $0 |
Mehmet Eke Trustee | Trustee | 2 | $0 |
Raquel Neri Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hellas Construction Constructoin | 6/29/17 | $354,000 |
Pro Academy Furniture Furniture Sales | 6/29/17 | $214,486 |
Smith System Furniture Sales | 6/29/17 | $120,706 |
Technotime Business Solutions Security Systems | 6/29/17 | $274,724 |
V&k Construction Construction | 6/29/17 | $125,600 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $10,921,116 |
| All other contributions, gifts, grants, and similar amounts not included above | $39,861 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,960,977 |
| Total Program Service Revenue | $534,746 |
| 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 | $518,693 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,014,416 |
| 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. | $637,811 |
| Compensation of current officers, directors, key employees. | $102,711 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,220,845 |
| Pension plan accruals and contributions | $1,514,152 |
| Other employee benefits | $1,010,110 |
| Payroll taxes | $156,494 |
| Fees for services: Management | $398,675 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $48,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $974,610 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $947,000 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $383,070 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $749,096 |
| Insurance | $56,646 |
| All other expenses | $0 |
| Total functional expenses | $12,202,845 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,321,393 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $744,381 |
| 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 | $67,300 |
| Net Land, buildings, and equipment | $487,543 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,026,898 |
| Total assets | $13,647,515 |
| Accounts payable and accrued expenses | $432,308 |
| Grants payable | $0 |
| Deferred revenue | $96,152 |
| 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 | $7,948,884 |
| Total liabilities | $8,477,344 |
| Net assets without donor restrictions | $5,170,171 |
| 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 | $13,647,515 |