Microsociety Academy Charter School Foundation
- Assets
- $3.7m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 28
- Location
- Nashua, NH
- Founding
- 08/2015
- Data as of
- 06/2022
- 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 06/2022, 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 06/2022, Microsociety Academy Charter School Foundation generated $2.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.5% each year . All expenses for the organization totaled $2.0m during the year ending 06/2022. While expenses have increased by 12.7% per year over the past 7 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
2022
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 |
|---|---|---|---|
Amy Bottomley Executive Director | Officer | 40 | $103,427 |
Thomas Dougherty Chair | OfficerTrustee | 10 | $0 |
Barbara Halevi Vice Chair | OfficerTrustee | 10 | $0 |
John Dagianis Treasurer | OfficerTrustee | 10 | $0 |
Cathy Mcnamara Secretary | OfficerTrustee | 10 | $0 |
Nauzar Vimadalal Trustee | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $165,518 |
| All other contributions, gifts, grants, and similar amounts not included above | $61,241 |
| Noncash contributions included in lines 1a–1f | $2,653 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $226,759 |
| Total Program Service Revenue | $2,075,571 |
| Investment income | $2,353 |
| 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 | $2,307,317 |
| 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. | $122,090 |
| Compensation of current officers, directors, key employees. | $73,254 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,043,968 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $141,856 |
| Payroll taxes | $82,183 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,373 |
| Fees for services: Accounting | $34,681 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,962 |
| Advertising and promotion | $1,770 |
| Office expenses | $70,942 |
| Information technology | $6,881 |
| Royalties | $0 |
| Occupancy | $174,442 |
| Travel | $9,971 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,053 |
| Interest | $75,464 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $81,331 |
| Insurance | $25,410 |
| All other expenses | $9,591 |
| Total functional expenses | $1,971,748 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $814,093 |
| Savings and temporary cash investments | $189,158 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $223,524 |
| 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 | $29,397 |
| Net Land, buildings, and equipment | $2,432,799 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $5,917 |
| Other assets | $0 |
| Total assets | $3,694,888 |
| Accounts payable and accrued expenses | $20,861 |
| 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 | $1,901,110 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,921,971 |
| Net assets without donor restrictions | $1,772,917 |
| 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 | $3,694,888 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Microsociety Academy Charter School Foundation has recieved totaling $272.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $272 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cambridge School Of Weston Inc Weston, MA | $57,046,494 | $20,616,161 |
Winchendon School Inc Winchendon, MA | $68,621,046 | $15,557,946 |
Hebron Academy Incorporated Hebron, ME | $65,845,494 | $19,279,313 |
Derby Academy Trustees Hingham, MA | $40,362,447 | $16,149,654 |
Cotting School Inc Lexington, MA | $147,947,033 | $17,302,179 |
Whitney Academy Inc East Freetown, MA | $11,551,971 | $14,053,846 |
The Bement School Inc Deerfield, MA | $22,940,290 | $8,963,162 |
Waring School Inc Beverly, MA | $16,386,369 | $6,473,453 |
Portsmouth Christian Academy Dover, NH | $12,766,893 | $7,753,018 |
The Sage Center For Learning Inc Foxboro, MA | $10,004,032 | $5,701,441 |
Southern Kennebec Child Development Corporation Farmingdale, ME | $2,781,085 | $5,060,719 |
Acera School Inc Winchester, MA | $9,104,752 | $5,723,938 |