Mot Charter School Inc
- Assets
- $53.7m
- Revenue
- $17.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Middletown, DE
- Founding
- 01/2002
- Data as of
- 06/2022
- EIN
- 51-0407220
Organization Overview
Mot Charter School Inc is located in Middletown, DE. The organization was established in 2002. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mot Charter School 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 06/2022, Mot Charter School Inc generated $17.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $18.7m during the year ending 06/2022. While expenses have increased by 8.6% 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
MOT CHARTER SCHOOL PROVIDES A CHALLENGING CURRICULUM IN A SAFE AND NURTURING ENVIRONMENT WHERE ALL CHILDREN LEARN AND FLOURISH. BY UTILIZING DIVERSE TEACHING TECHNIQUES AND EXPOSING STUDENTS TO A WIDE VARIETY OF EDUCATIONAL EXPERIENCES, THE ORGANIZATION ENSURES THAT EACH CHILD PARTICIPATES IN, UNDERSTANDS, AND ENJOYS THE PROCESS OF LEARNING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MOT CHARTER'S RIGOROUS COLLEGE PREPARATORY CURRICULUM IS DESIGNED TO EMPHASIZE THE DEVELOPMENT OF PROBLEM SOLVING, HIGHER ORDER THINKING, AND COMMUNICATION SKILLS. IN THE LOWER SCHOOL, STUDENTS RECEIVE 9 YEARS OF EXPLORATORY INSTRUCTION IN SPANISH, ART, MUSIC, PHYSICAL EDUCATION, COMPUTER TECHNOLOGY, AND WELLNESS. EVERY 7TH AND 8TH GRADE STUDENT ALSO TAKES BUSINESS EDUCATION AND A STEM CAREER COURSE. MOT CHARTER HIGH SCHOOL IS AN AUTHENTIC 1-TO-1 TECHNOLOGY SCHOOL. THE SCHOOL PROVIDES EACH STUDENT WITH A TABLET OR LAPTOP THAT SERVES AS THE PRIMARY INSTRUCTIONAL TOOL, UTILIZING E-BOOKS AND AN ONLINE LEARNING PLATFORM. HIGH SCHOOL STUDENTS WHO CHOOSE THE ACADEMY OF THE ARTS HAVE THE OPTION OF FOLLOWING ONE OF 6 PATHWAYS: DIGITAL COMMUNICATIONS, DANCE, INSTRUMENTAL MUSIC, VOCAL MUSIC, THEATER, OR VISUAL ARTS. STUDENTS WHO CHOOSE THE ACADEMY OF SCIENCE & TECHNOLOGY HAVE THE OPTION OF FOLLOWING ONE OF THREE PATHWAYS: COMPUTER SCIENCE, ENGINEERING, OR BIOTECHNOLOGY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Taylor Chairperson | OfficerTrustee | 40 | $60,433 |
Lou Savino Vice Chairperson | OfficerTrustee | 1.5 | $0 |
Dave Watlington Treasurer | OfficerTrustee | 1.5 | $0 |
Samuel Sullivan Secretary | OfficerTrustee | 1.5 | $0 |
Mir Sadiq Ali Khan Board Member | Trustee | 1.5 | $0 |
Harvey Johnson Board Member | Trustee | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $17,250,149 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,896 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,266,045 |
| Total Program Service Revenue | $9,537 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,508,295 |
| 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. | $690,272 |
| Compensation of current officers, directors, key employees. | $158,668 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,844,782 |
| Pension plan accruals and contributions | $178,621 |
| Other employee benefits | $4,549,284 |
| Payroll taxes | $631,344 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $25,057 |
| Fees for services: Accounting | $16,975 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $608,294 |
| Advertising and promotion | $2,328 |
| Office expenses | $15,688 |
| Information technology | $123,056 |
| Royalties | $0 |
| Occupancy | $551,771 |
| Travel | $16,359 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $654,645 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $930,540 |
| Insurance | $61,552 |
| All other expenses | $37,010 |
| Total functional expenses | $18,744,391 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $121,356 |
| Savings and temporary cash investments | $7,490,083 |
| Pledges and grants receivable | $51,263 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $25,027,649 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $21,024,162 |
| Total assets | $53,714,513 |
| Accounts payable and accrued expenses | $1,776,356 |
| Grants payable | $0 |
| Deferred revenue | $18,502 |
| 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 | $21,290,123 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $52,033,718 |
| Total liabilities | $75,118,699 |
| Net assets without donor restrictions | $0 |
| 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 | -$21,404,186 |
| Total liabilities and net assets/fund balances | $53,714,513 |