Civic Intelligence

Milkyway Education Center Inc

EIN 22-3261282 • 501(c)3 • Wayne, NJ

Profile

The purpose of the school is to provide private education services for elementary and high school children

164 Totowa RoadWayne, NJ 07470

www.milkywayeducation.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

77th percentile

0.52x

Higher debt load relative to assets than 77% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

82nd percentile

1.12x

Higher debt load relative to revenue than 82% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

55th percentile

6.8%

Higher net margin than 55% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

21st percentile

$53,750

Higher top officer pay than 21% of similar nonprofits.

Top officer pay equals 0.9% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2017

Asset Growth

74th percentile

15%

Faster asset growth than 74% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

75th percentile

24%

Faster revenue growth than 75% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Assets

Up

$23,733,069

Up $755,116 (+3.3%) from 2023

Liabilities

Up

$12,342,007

Up $413,477 (+3.5%) from 2023

Net Assets

Up

$11,391,062

Up $341,639 (+3.1%) from 2023

Revenue

Up

$12,509,818

Up $1,889,774 (+18%) from 2023

Expenses

Up

$11,418,777

Up $1,520,338 (+15%) from 2023

Net Income

Up

$1,091,041

Up $369,436 (+51%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$30M$20M$10M$0Assets 2011: $7,369,658Liabilities 2011: $5,636,573Net Assets 2011: $1,733,0852011Assets 2012: $7,972,510Liabilities 2012: $767,969Net Assets 2012: $7,204,5412012Assets 2013: $15,490,791Liabilities 2013: $8,332,665Net Assets 2013: $7,158,1262013Assets 2014: $18,278,373Liabilities 2014: $9,661,735Net Assets 2014: $8,616,6382014Assets 2015: $17,626,097Liabilities 2015: $7,767,193Net Assets 2015: $9,858,9042015Assets 2016: $17,334,461Liabilities 2016: $7,538,161Net Assets 2016: $9,796,3002016Assets 2017: $17,216,520Liabilities 2017: $7,844,100Net Assets 2017: $9,372,4202017Assets 2018: $17,019,640Liabilities 2018: $7,277,937Net Assets 2018: $9,741,7032018Assets 2019: $16,895,449Liabilities 2019: $7,553,743Net Assets 2019: $9,341,7062019Assets 2020: $16,952,475Liabilities 2020: $7,556,653Net Assets 2020: $9,395,8222020Assets 2021: $17,106,791Liabilities 2021: $7,524,014Net Assets 2021: $9,582,7772021Assets 2022: $20,000,669Liabilities 2022: $9,672,851Net Assets 2022: $10,327,8182022Assets 2023: $22,977,953Liabilities 2023: $11,928,530Net Assets 2023: $11,049,4232023Assets 2024: $23,733,069Liabilities 2024: $12,342,007Net Assets 2024: $11,391,0622024

Highlighted filing

2024

Assets$23,733,069
Liabilities$12,342,007
Net Assets$11,391,062

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$15M$10M$5.0M$0-$5.0MRevenue 2011: $3,137,008Expenses 2011: $3,446,689Net Income 2011: -$309,6812011Expenses 2012: $3,156,1512012Revenue 2013: $4,604,833Expenses 2013: $4,651,248Net Income 2013: -$46,4152013Revenue 2014: $7,539,136Expenses 2014: $6,080,624Net Income 2014: $1,458,5122014Revenue 2015: $6,846,185Expenses 2015: $5,603,036Net Income 2015: $1,243,1492015Revenue 2016: $6,415,830Expenses 2016: $6,478,434Net Income 2016: -$62,6042016Revenue 2017: $5,952,563Expenses 2017: $6,260,983Net Income 2017: -$308,4202017Revenue 2018: $7,897,841Expenses 2018: $7,454,064Net Income 2018: $443,7772018Revenue 2019: $5,991,806Expenses 2019: $6,185,834Net Income 2019: -$194,0282019Revenue 2020: $6,548,638Expenses 2020: $6,342,675Net Income 2020: $205,9632020Revenue 2021: $6,601,432Expenses 2021: $6,191,787Net Income 2021: $409,6452021Revenue 2022: $8,575,459Expenses 2022: $7,717,392Net Income 2022: $858,0672022Revenue 2023: $10,620,044Expenses 2023: $9,898,439Net Income 2023: $721,6052023Revenue 2024: $12,509,818Expenses 2024: $11,418,777Net Income 2024: $1,091,0412024

Highlighted filing

2024

Revenue$12,509,818
Expenses$11,418,777
Net Income$1,091,041

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$23.7$12.3$11.4$12.5$11.4$1.09
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$23.0$11.9$11.0$10.6$9.90$0.72
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$20.0$9.67$10.3$8.58$7.72$0.86
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$17.1$7.52$9.58$6.60$6.19$0.41
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$17.0$7.56$9.40$6.55$6.34$0.21
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$16.9$7.55$9.34$5.99$6.19$0.19
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$17.0$7.28$9.74$7.90$7.45$0.44
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.2$7.84$9.37$5.95$6.26$0.31
2016Detailed filing. Detailed filing data is available for this year.$17.3$7.54$9.80$6.42$6.48$0.06
2015Detailed filing. Detailed filing data is available for this year.$17.6$7.77$9.86$6.85$5.60$1.24
2014Detailed filing. Detailed filing data is available for this year.$18.3$9.66$8.62$7.54$6.08$1.46
2013Summary only. Only limited summary data is available for this year.$15.5$8.33$7.16$4.60$4.65$0.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.97$0.77$7.20$3.16
2011Summary only. Only limited summary data is available for this year.$7.37$5.64$1.73$3.14$3.45$0.31
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2017 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 1, 2018
Return Version
2016v3.0
Gross Receipts
$5,952,563
Mission and Program Overview

Mission

Pioneer academy aims to provide a well-rounded, character-building education through challenging interdisciplinary curricula, stimulating extra-curricular activities, and community involvement. We seek to instill a life-long passion for learning, a strong sense of moral responsibility, and a welcoming of diversity.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$16,429,478$15,952,844▼ $476,634
Accounts Receivable$451,538$860,502▲ $408,964
Intangible Assets$135,676--
Cash and Non-Interest-Bearing Accounts$275,006$130,029▼ $144,977
Loans From Officers Directors-$63,000-
Prepaid Expenses and Deferred Charges$33,763$14,736▼ $19,027
Savings and Temporary Cash Investments-$336-
Total Assets$17,334,461$17,216,520▼ $117,941
Other Assets Total$9,000$258,073▲ $249,073
Liabilities
Mortgage Notes Payable Secured by Investment Property$5,828,492$6,908,058▲ $1,079,566
Deferred Revenue$890,776$524,194▼ $366,582
Other Liabilities$390,793$0▼ $390,793
Accounts Payable and Accrued Expenses$428,100$348,848▼ $79,252
Total Liabilities$7,538,161$7,844,100▲ $305,939
Net Assets / Fund Balance
Unrestricted Net Assets$9,796,300$9,372,420▼ $423,880
Total Net Assets Fund Balance$9,796,300$9,372,420▼ $423,880
Total Liabilities and Net Assets / Fund Balance$17,334,461$17,216,520▼ $117,941

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$9,525,458$1,663,467$11,188,925
Land$5,817,236-$5,817,236
Leasehold Improvements$581,529$830,215$1,411,744
Equipment$28,621$52,628$81,249
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Tufan AydinPrincipalFT$53,750$53,750
Erkan GumustekinBusiness ManagerFT$44,220$44,220

Board Members and Trustees

NameTitle
Celebi CevikPresident
Bilal CiftciVice President
Umit SencanSecretary
Fazli CelikTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Deon Design LtdConstruction Services371 PLEASANT AVENUE, Cliffside Park, NJ 07010$212,500
Revenue and Support

Revenue Composition

Contributions and Grants
$74,234
Program Service Revenue
$5,778,976
Investment Income
$0
Other Revenue
$99,353
All Other Contributions
$74,234
Change in Net Assets
$-308,420

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,877,563
Revenue Not Reported on Financial Statements
$1,075,000
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$1,075,000
Total Revenue per Audited Statements
$4,877,563
Total Revenue per Form 990
$5,952,563
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,904,684
Other Expenses$2,281,299
Grants and Similar Amounts Paid$1,075,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,421,043--$2,421,043
Grants to Domestic Individuals$1,075,000--$1,075,000
Depreciation Depletion$528,265--$528,265
Occupancy$326,219--$326,219
Interest$308,663--$308,663
Payroll Taxes$282,383--$282,383
Fees for Services Other-$281,676-$281,676
All Other Expenses$182,030$4,069-$186,099
Current Officers, Directors, Trustees, and Key Employees$111,815--$111,815
Insurance-$91,716-$91,716
Other Employee Benefits$89,443--$89,443
Other Expenses$80,118$77,956-$77,956
Office Expenses-$49,682-$49,682
Advertising-$37,236-$37,236
Fees for Services Legal-$33,898-$33,898
Fees for Services Accounting-$20,896-$20,896
Travel$12,502--$12,502
Information Technology$150--$150
Total Functional Expenses$5,663,854$597,129$0$6,260,983

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$6,260,983
Total Expenses per Audited Statements$5,311,017
Expenses per Audited Statements$5,185,983
Expenses Not Reported on Financial Statements$1,075,000
Other Expense Adjustments$1,075,000
Expenses Not Reported on Form 990$125,034
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees-$63,000-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, line 11B

Treasurer reviews the information present along with the business manager and forwards the return to the board of directors prior to filing.

Form 990, Part VI, Section C, line 18

Made available upon request.

Form 990, Part VI, Section C, line 19

Governing documents are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Milkyway Education Center Inc
EIN
22-3261282
Phone
9734055169
Address
164 Totowa Road, Wayne, NJ 07470
Doing Business As
Pioneer Academy

Signing Officer

Name
Tufan Aydin
Title
Principal
Phone
9734055169
Signed
2018-05-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tufan Aydin
Formed
1993
Legal Domicile
Nj
Voting Board Members
4
Independent Board Members
4
Employees
128
Volunteers
5

Preparer

Firm
SOBEL & CO LLC CPA'S
Address
293 EISENHOWER PARKWAY, LIVINGSTON, NJ 07039-1711
Preparer
Bridget Hartnett
Phone
9739949494
Supplemental Narrative

Additional Explanations

Form 990, Part XI, line 9:

Change in depreciation 9,574. Bad Debt Expense -125,034.

FORM 990, PART XII, LINE 2C:

No change from the prior year.

Financial Statement Notes

Part X, Line 2:

The School is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code and applicable state law. Accordingly, no provision for federal or state income taxes has been presented in the accompanying financial statements. The School follows standards that provide clarification on accounting for uncertainty in income taxes recognized in the School's financial statements. The guidance prescribes a recognition threshold and measurement attribute for the recognition and measurement of a tax position taken, or expected to be taken, in a tax return, and also provides guidance on derecognition, classification, interest and penalties, disclosure and transition. The School's policy is to recognize interest and penalties on unrecognized tax benefits in income tax expense. No interest and penalties were recorded during 2017. At June 30, 2017, there are no significant income tax uncertainties.

Raw XML AppendixShowing 400 of 481 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt05828492
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt06908058
IRS990/NetAssetsOrFundBalancesBOYAmt09796300
IRS990/NetAssetsOrFundBalancesEOYAmt09372420
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0326219
IRS990/OccupancyGrp/TotalAmt0326219
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt049682
IRS990/OfficeExpensesGrp/TotalAmt049682
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt09000
IRS990/OtherAssetsTotalGrp/EOYAmt0258073
IRS990/OtherChangesInNetAssetsAmt0-115460
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt089443
IRS990/OtherEmployeeBenefitsGrp/TotalAmt089443
IRS990/OtherExpensesGrp/Desc0FOOD
IRS990/OtherExpensesGrp/Desc1RENTAL EXPENSE
IRS990/OtherExpensesGrp/Desc2CLEANING AND MAINTENANC
IRS990/OtherExpensesGrp/Desc3DUES AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt077956
IRS990/OtherExpensesGrp/ProgramServicesAmt0125213
IRS990/OtherExpensesGrp/ProgramServicesAmt1121010
IRS990/OtherExpensesGrp/ProgramServicesAmt280118
IRS990/OtherExpensesGrp/TotalAmt0125213
IRS990/OtherExpensesGrp/TotalAmt1121010
IRS990/OtherExpensesGrp/TotalAmt280118
IRS990/OtherExpensesGrp/TotalAmt377956
IRS990/OtherLiabilitiesGrp/BOYAmt0390793
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/BusinessCd2900099
IRS990/OtherRevenueMiscGrp/Desc0PROPERTY TAX REFUND
IRS990/OtherRevenueMiscGrp/Desc1Miscellaneous
IRS990/OtherRevenueMiscGrp/Desc2PROPERTY DAMAGE REFUND
IRS990/OtherRevenueMiscGrp/ExclusionAmt096999
IRS990/OtherRevenueMiscGrp/ExclusionAmt11650
IRS990/OtherRevenueMiscGrp/ExclusionAmt2704
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt096999
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt11650
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt2704
IRS990/OtherRevenueTotalAmt099353
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02421043
IRS990/OtherSalariesAndWagesGrp/TotalAmt02421043
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt0282383
IRS990/PayrollTaxesGrp/TotalAmt0282383
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt033763
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt014736
IRS990/PrincipalOfficerNm0Tufan Aydin
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/BusinessCd2611710
IRS990/ProgramServiceRevenueGrp/BusinessCd3611710
IRS990/ProgramServiceRevenueGrp/BusinessCd4611710
IRS990/ProgramServiceRevenueGrp/Desc0TUITION
IRS990/ProgramServiceRevenueGrp/Desc1Services
IRS990/ProgramServiceRevenueGrp/Desc2SUMMER CAMP
IRS990/ProgramServiceRevenueGrp/Desc3AFTER SCHOOL PROGRAM
IRS990/ProgramServiceRevenueGrp/Desc4Program Fees
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt05059230
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1586188
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2114797
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt312318
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt44150
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt05059230
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1586188
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2114797
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt312318
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt44150
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0792538
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt02894064
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt05623292
IRS990/PYRevenuesLessExpensesAmt0-62604
IRS990/PYSalariesCompEmpBnftPaidAmt03584370
IRS990/PYTotalExpensesAmt06478434
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt06415830
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-308420
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt05778976
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0336
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt09525458
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01663467
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt011188925
IRS990ScheduleD/EquipmentGrp/BookValueAmt028621
IRS990ScheduleD/EquipmentGrp/DepreciationAmt052628
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt081249
IRS990ScheduleD/ExpensesNotReportedAmt0125034
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt01075000
IRS990ScheduleD/ExpensesSubtotalAmt05185983
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt05817236
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt05817236
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0581529
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0830215
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01411744
IRS990ScheduleD/OtherExpensesIncludedAmt0125034
IRS990ScheduleD/OtherExpensesNotIncludedAmt01075000
IRS990ScheduleD/OtherRevenuesNotIncludedAmt01075000
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt01075000
IRS990ScheduleD/RevenueSubtotalAmt04877563
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The School is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code and applicable state law. Accordingly, no provision for federal or state income taxes has been presented in the accompanying financial statements. The School follows standards that provide clarification on accounting for uncertainty in income taxes recognized in the School's financial statements. The guidance prescribes a recognition threshold and measurement attribute for the recognition and measurement of a tax position taken, or expected to be taken, in a tax return, and also provides guidance on derecognition, classification, interest and penalties, disclosure and transition. The School's policy is to recognize interest and penalties on unrecognized tax benefits in income tax expense. No interest and penalties were recorded during 2017. At June 30, 2017, there are no significant income tax uncertainties.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt015952844
IRS990ScheduleD/TotalExpensesPerForm990Amt06260983
IRS990ScheduleD/TotalRevenuePerForm990Amt05952563
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04877563
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05311017
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd00
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0WE HAVE PUBLISHED THE ARTICLES IN LOCAL MEDIA GROUNDS AND OUR PRIVATE SCHOOL HAS BEEN ADVERTISED AND DESCRIBED AS A NONDISCRIMINATORY PRIVATE SCHOOL.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 3
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt01075000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Tuition Assistance
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt0125
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0The Organization determines the amount of tuition assistance given to students based on family finances by reviewing tax returns, W2-s, etc.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2:
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt013000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt130000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt220000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd11
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd21
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd10
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd20
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0TO FUND THE ORGANIZATION'S OPERATIONS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1TO FUND THE ORGANIZATION'S OPERATIONS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt2TO FUND THE ORGANIZATION'S OPERATIONS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd1X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd2X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt013000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt150000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt220000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0BILAL CIFTCI
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1FAZIL CELIK
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm2UMIT SENCAN
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0BOARD OF DIRECTORS VICE PRESIDENT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1BOARD OF DIRECTORS TREASURER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt2BOARD OF DIRECTORS SECRETARY
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd11
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd21
IRS990ScheduleL/TotalBalanceDueAmt063000
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TREASURER REVIEWS THE INFORMATION PRESENT ALONG WITH THE BUSINESS MANAGER AND FORWARDS THE RETURN TO THE BOARD OF DIRECTORS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Change in depreciation 9,574. Bad Debt Expense -125,034.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NO CHANGE FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part XI, line 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NJ
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00

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