Middlesex County Stem Charter School
- Assets
- $2.2m
- Revenue
- $4.0m
- Investments
- $0.0
- Employees
- 41
- Location
- Perth Amboy, NJ
- Founding
- 01/2020
- Data as of
- 06/2021
- EIN
- 82-4816745
Organization Overview
Middlesex County Stem Charter School is located in Perth Amboy, NJ. The organization was established in 2020. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2021, Middlesex County Stem Charter School employed 41 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Middlesex County Stem 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 06/2021, Middlesex County Stem Charter School generated $4.0m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 50.9% each year . All expenses for the organization totaled $2.9m during the year ending 06/2021. While expenses have increased by 33.1% per year over the past 3 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE MIDDLESEX COUNTY STEM CHARTER SCHOOL IS TO PROVIDE RIGOROUS SCIENCE, TECHNOLOGY,ENGINEERING, AND MATH CURRICULA IN A DIVERSE AND NURTURING ENVIRONMENT TO SPARK STUDENTSINTEREST AT EARLY AGES IN STEM CAREERS. THE VISION OF MIDDLESEX COUNTY STEM CHARTER SCHOOL IS TO PREPARE STUDENTS FOR THE 21ST CENTURY, WHICH DEMANDS A MORE COMPREHENSIVE SKILL SET TO BE POSSESSED BY EACH MEMBER OF OUR SOCIETY. DUE TO CONSTANT TECHNOLOGICAL BREAKTHROUGHS, OUR STUDENTS WILL ENTER A GLOBAL MARKET WHERE THEY WILL COMPETE WITH PEOPLE FROM ALL OVER THE WORLDFOR HIGH-TECH JOBS THAT REQUIRE CRITICAL THINKING AND PROBLEM-SOLVING SKILLS. SPARKING STUDENTSINTEREST AT EARLY AGES, MIDDLESEX COUNTY STEM CHARTER SCHOOL HELPS STUDENTS PREPARE FOR SUCH A MARKET BY EXPOSING THEM TO A COMPREHENSIVE SCIENCE, TECHNOLOGY, ENGINEERING, AND MATH (STEM) PROGRAM WITH RIGOR AND RELEVANCE. MIDDLESEX COUNTY STEM CHARTER SCHOOLS STEMORIENTED INSTRUCTIONAL MODEL PROMOTES COLLABORATIVE, CROSS-CURRICULAR LEARNING, WH
Describe the Organization's Program Activity:
Part 3 - Line 4a
MIDDLESEX COUNTY STEM CHARTER SCHOOL PROVIDES A FULL RANGE OF SERVICES APPROPRIATE TO GRADES KINDERGARTEN THRU GRADE 4. THESE SERVICES INCLUDE REGULAR, AS WELL AS SPECIAL EDUCATION AND BASIC SKILLS INSTRUCTION. THE CHARTER SCHOOL COMPLETED ITS THIRD YEAR OF OPERATION FOR THE 2020-2021 SCHOOL YEAR WITH AN ENROLLMENT OF 258 STUDENTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Namik Sercan CEO | Officer | 20 | $0 |
John F Kayalar Sba | Officer | 20 | $0 |
John Cascarano Trustee | Trustee | 3 | $0 |
Anthony Attanasio Vp-Trustee | Trustee | 3 | $0 |
Jackie Lewis Pres-Trustee | Trustee | 3 | $0 |
David Vitali Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cdw Government Tech Supplies | 6/29/20 | $123,994 |
Central Jersey College Prep Charter School Shared Services | 6/29/20 | $126,395 |
Cdw Government Tech Supplies | 6/29/20 | $123,994 |
Central Jersey College Prep Charter School Shared Services | 6/29/20 | $126,395 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,339,139 |
| 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 | $3,339,139 |
| Total Program Service Revenue | $709,530 |
| 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 | $4,048,669 |
| 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. | $159,069 |
| Compensation of current officers, directors, key employees. | $159,069 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,225,866 |
| Pension plan accruals and contributions | $74,396 |
| Other employee benefits | $236,752 |
| Payroll taxes | $36,824 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,023 |
| Fees for services: Accounting | $21,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $183,046 |
| Advertising and promotion | $0 |
| Office expenses | $85,484 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $475,005 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $775 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $65,495 |
| Insurance | $16,988 |
| All other expenses | $0 |
| Total functional expenses | $2,903,263 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,059,216 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $913,659 |
| 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 | $16,150 |
| Net Land, buildings, and equipment | $252,454 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,241,479 |
| Accounts payable and accrued expenses | $358,466 |
| Grants payable | $7,417 |
| Deferred revenue | $134,284 |
| 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 | $208,486 |
| Other liabilities | $0 |
| Total liabilities | $708,653 |
| Net assets without donor restrictions | $1,532,689 |
| Net assets with donor restrictions | $137 |
| 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 | $2,241,479 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Middlesex County Stem Charter School has recieved totaling $8,017.
| Awarding Organization | Amount |
|---|---|
Project Lead The Way Inc Indianapolis, IN PURPOSE: Program Implementation | $8,017 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Our World Neighborhood Charter School Astoria, NY | $8,035,800 | $19,394,981 |
Zeta Charter Schools - New York City Bronx, NY | $8,294,050 | $24,042,847 |
Tapestry Charter School Buffalo, NY | $42,673,326 | $19,036,142 |
Belmont Charter School Philadelphia, PA | $6,922,339 | $21,008,354 |
Riverton Street Charter School Jamaica, NY | $876,028 | $18,020,045 |
Community Partnership Charter School Brooklyn, NY | $6,697,823 | $17,421,510 |
University Heights Charter School Of Excellence Inc Newark, NJ | $19,966,425 | $19,377,888 |
Propel Charter School Sunrise Pittsburgh, PA | $9,914,076 | $19,454,226 |
West Oak Lane Charter School Philadelphia, PA | $9,484,536 | $17,633,515 |
New World Preparatory Charter School Staten Island, NY | $11,039,877 | $15,891,688 |
Central Jersey College Preparatory Charter School Somerset, NJ | $11,475,546 | $18,846,415 |
Mast Community Charter School Iii Philadelphia, PA | $53,124,349 | $21,172,350 |