Microsociety Academy Charter School Foundation
- Assets
- $4.1m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 28
- Location
- Nashua, NH
- Founding
- 08/2015
- Data as of
- 06/2023
- EIN
- 47-1222532
Organization Overview
Microsociety Academy Charter School Foundation is located in Nashua, NH. The organization was established in 2015. 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, Microsociety Academy Charter School Foundation employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Microsociety Academy Charter School Foundation 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, Microsociety Academy Charter School Foundation generated $3.0m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 13.5% each year . All expenses for the organization totaled $2.6m during the year ending 06/2023. While expenses have increased by 14.7% 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 MICROSOCIETY ACADEMY CHARTER SCHOOL IS TO ACTIVELY ENGAGE K-8 GRADE STUDENTS IN A DIVERSE, CHALLENGING LEARNING ENVIRONMENT THAT WILL PREPARE THEM FOR COLLEGE, THE WORKFORCE, AND CITIZENSHIP IN A 21ST CENTURY GLOBAL SOCIETY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MICROSOCIETY ACADEMY CHARTER SCHOOL IS A NON-PROFIT ORGANIZATION DEDICATED TO EDUCATING K-8 GRADE STUDENTS IN THE NASHUA, NH AREA AS A 501(C)3 ORGANIZATION. MICROSOCIETY ACADEMY CHARTER SCHOOL ACTIVELY ENGAGES K-8 GRADE STUDENTS IN A DIVERSE, CHALLENGING LEARNING ENVIRONMENT THAT WILL PREPARE THEM FOR COLLEGE, THE WORKFORCE, AND CITIZENSHIP IN A 21ST CENTURY GLOBAL SOCIETY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ryan Callahan Trustee | Trustee | 4 | $0 |
Andrew Mcweeney Trustee | Trustee | 4 | $0 |
Thomas Dougherty Chair | OfficerTrustee | 10 | $0 |
Barbara Halevi Vice Chair | OfficerTrustee | 10 | $0 |
Cathy Mcnamara Secretary | OfficerTrustee | 10 | $0 |
John Dagianis Treasurer | OfficerTrustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $415,308 |
| All other contributions, gifts, grants, and similar amounts not included above | $132,527 |
| Noncash contributions included in lines 1a–1f | $575 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $547,835 |
| Total Program Service Revenue | $2,421,779 |
| Investment income | $4,279 |
| 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 | $2,974,161 |
| 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. | $127,814 |
| Compensation of current officers, directors, key employees. | $76,688 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,278,208 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $165,690 |
| Payroll taxes | $106,513 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,857 |
| Fees for services: Accounting | $10,318 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,780 |
| Advertising and promotion | $2,387 |
| Office expenses | $49,019 |
| Information technology | $41,422 |
| Royalties | $0 |
| Occupancy | $447,932 |
| Travel | $65 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,990 |
| Interest | $72,358 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $126,765 |
| Insurance | $31,781 |
| All other expenses | $4,446 |
| Total functional expenses | $2,550,621 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $866,300 |
| Savings and temporary cash investments | $189,631 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $247,107 |
| 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 | $10,398 |
| Net Land, buildings, and equipment | $2,744,050 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $10,582 |
| Other assets | $0 |
| Total assets | $4,068,068 |
| Accounts payable and accrued expenses | $17,852 |
| 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 | $1,787,645 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,805,497 |
| Net assets without donor restrictions | $2,262,571 |
| 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 | $4,068,068 |