Midland Innovation & Technology Charter School
- Assets
- $936.2k
- Revenue
- $960.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Midland, PA
- Founding
- Data as of
- 06/2022
- EIN
- 84-2706547
Organization Overview
Midland Innovation & Technology Charter School is located in Midland, PA. According to its NTEE Classification (B29) the organization is classified as: Charter 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. Midland Innovation & Technology 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO FOSTER QUALITY PUBLIC EDUCATION FOR STUDENTS IN GRADES 912 WHILE LEARNING SKILLED TRADES HIGH TECHNOLOGY AND OTHER FIELDS OF ENDEAVOR
Describe the Organization's Program Activity:
Part 3 - Line 4a
MITCS OFFERS STUDENTS IN GRADES 9 THROUGH 12 THE CHANCE TO PURSUE AREAS OF PERSONAL INTEREST AND TACKLE REAL-LIFE PROJECTS TO PREPARE THEM FOR A WORLD OF OPPORTUNITY. THE SCHOOL ALLOWS STUDENTS TO FULFILL STATE REQUIREMENTS FOR A HIGH SCHOOL DIPLOMA WHILE ALSO EARNING CERTIFICATIONS, CREDENTIALS, APPRENTICESHIPS, COLLEGE CREDITS, AND EVEN ASSOCIATES DEGREES IN SKILLED TRADES, HIGH TECHNOLOGY, AND OTHER FIELDS OF ENDEAVOR. MITCS STUDENTS GRADUATE PREPARED TO ENTER THE WORKFORCE AND/OR CONTINUE ON THROUGH POST-SECONDARY EDUCATION AND TRAINING. DURING THE CURRENT FISCAL YEAR, THE SCHOOL FOCUSED ON CONSTRUCTION OF THE NEW BUILDING, HIRING STAFF, AND PURCHASING PROGRAM AND OTHER SUPPLIES TO PREPARE FOR THE OPENING IN SEPTEMBER 2022.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Chester Thompson CEO Eff 22022 | Officer | 40 | $0 |
Jerry Hodge President | OfficerTrustee | 1 | $0 |
Maria Corradi Vice President | OfficerTrustee | 1 | $0 |
Brittney Golden Secretary | OfficerTrustee | 1 | $0 |
Paul Pennington Treasurer | OfficerTrustee | 1 | $0 |
Michael Croud Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $749,075 |
| All other contributions, gifts, grants, and similar amounts not included above | $211,625 |
| Noncash contributions included in lines 1a–1f | $11,625 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $960,700 |
| Total Program Service Revenue | $0 |
| 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 | $960,700 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,500 |
| 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. | $58,357 |
| Compensation of current officers, directors, key employees. | $58,357 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $13,420 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,229 |
| Payroll taxes | $3,585 |
| Fees for services: Management | $109,546 |
| Fees for services: Legal | $31,727 |
| Fees for services: Accounting | $120,094 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $203,738 |
| Advertising and promotion | $149,932 |
| Office expenses | $5,620 |
| Information technology | $191,740 |
| Royalties | $0 |
| Occupancy | $385 |
| Travel | $1,463 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $845 |
| Interest | $11,625 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,553 |
| All other expenses | $0 |
| Total functional expenses | $970,496 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $64,267 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $749,075 |
| 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 | $122,878 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $936,220 |
| Accounts payable and accrued expenses | $64,953 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $948,661 |
| Other liabilities | $0 |
| Total liabilities | $1,013,614 |
| Net assets without donor restrictions | -$77,394 |
| 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 | $936,220 |