Mpt Facility Inc

Organization Overview

Mpt Facility Inc is located in Newark, NJ. The organization was established in 2014. According to its NTEE Classification (S47) the organization is classified as: Real Estate Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mpt Facility 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, Mpt Facility Inc generated $1.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.4%) each year. All expenses for the organization totaled $2.0m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE MPT FACILITY, INC. WAS ORGANIZED EXCLUSIVELY, FOR THE BENEFIT OF, OR TO CARRY OUT THE PURPOSES OF THE FRIENDS OF MARION P. THOMAS CHARTER SCHOOL, A 501(C)(3). IN PARTICULAR, THE ORGANIZATION SHALL PURCHASE, HOLD TITLE TO, IMPROVE, DEVELOP, CONSTRUCT, RENOVATE, OPERATE, LEASE OR OTHERWISE MANAGE EDUCATIONAL FACILITIES FOR LEASE BY FRIENDS OF MPTCS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

MPT FACILITY PROVIDED THE MARION P. THOMAS CHARTER SCHOOL WITH A NEW STATE-OF-THE-ART BUILDINGS FOR ITS CHARTER SCHOOL OPERATIONS AT SUSSEX AVE. NEWARK, NJ. THE SCHOOL FACILITIES MEET THE REQUIREMENTS OF THE CHARTER SCHOOL TO PROVIDE A SUITABLE SCHOOL ENVIRONMENT FOR ITS HIGH SCHOOL STUDENTS. THROUGHOUT 2019, MPT FACILITY MAINTAINED THE BUILDING AND CARRIED OUT NECESSARY INSPECTIONS, REPAIRS AND MET COMPLIANCE WITH BUILDING CODES APPLICABLE TO SCHOOLS.


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Board, Officers & Key Employees

Name (title)Compensation
Karen Young-Thomas
Board Secretary
$0
Brian Hankerson
Board Member
$0
Melvinea Williams
Board Member
$0
Rev Garvey Ince
Executive Director
$125,000

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $787,639
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$787,639
Total Program Service Revenue$540,000
Investment income $60
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 $1,327,699

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