Civic Intelligence

Marion P Thomas Charter Schoolinc

EIN 22-3531113 • 501(c)3 • Newark, NJ

Profile

The Charter School's mission is to prepare Newark's next generation of children to be intellectually, emotionally, socially and financially responsible citizens.

125 Sussex AvenueNewark, NJ 07103

www.mptcs.org

Siviq Scores

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

Liabilities / Assets

20th percentile

0.02x

Higher debt load relative to assets than 20% of similar nonprofits.

NTEE B • $25M-$50M nonprofits • Source year 2025

Liabilities / Revenue

10th percentile

0.01x

Higher debt load relative to revenue than 10% of similar nonprofits.

NTEE B • $25M-$50M nonprofits • Source year 2025

Net Margin

44th percentile

1.5%

Higher net margin than 44% of similar nonprofits.

NTEE B • $25M-$50M nonprofits • Source year 2025

Top Officer Pay

53rd percentile

$221,615

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 0.6% of source-year revenue.

NTEE B • $25M-$50M nonprofits • Source year 2025

Asset Growth

42nd percentile

1.9%

Faster asset growth than 42% of similar nonprofits.

NTEE B • $25M-$50M nonprofits • Annualized from 2024 to 2025

Revenue Growth

20th percentile

-5.0%

Faster revenue growth than 20% of similar nonprofits.

NTEE B • $25M-$50M nonprofits • Annualized from 2024 to 2025

Assets

Down

$19,525,163

Down $11,991,158 (-38%) from 2022

Liabilities

Down

$1,006,663

Down $28,183,562 (-97%) from 2022

Net Assets

Up

$18,518,500

Up $16,192,404 (+696%) from 2022

Revenue

Down

$41,357,127

Down $1,704,989 (-4.0%) from 2022

Expenses

Up

$37,456,344

Up $2,205,751 (+6.3%) from 2022

Net Income

Down

$3,900,783

Down $3,910,740 (-50%) from 2022

Trend Graphs

Balance Sheet Trend

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

$40M$30M$20M$10M$0-$10MAssets 2011: $1,344,602Liabilities 2011: $793,762Net Assets 2011: $550,8402011Assets 2012: $906,321Liabilities 2012: $642,991Net Assets 2012: $263,3302012Assets 2013: $1,934,221Liabilities 2013: $1,317,675Net Assets 2013: $616,5462013Assets 2014: $2,939,825Liabilities 2014: $1,070,791Net Assets 2014: $1,869,0342014Assets 2015: $8,511,869Liabilities 2015: $6,221,963Net Assets 2015: $2,289,9062015Assets 2016: $9,780,110Liabilities 2016: $7,963,988Net Assets 2016: $1,816,1222016Assets 2017: $10,646,371Liabilities 2017: $11,961,219Net Assets 2017: -$1,314,8482017Assets 2018: $10,066,273Liabilities 2018: $15,049,061Net Assets 2018: -$4,982,7882018Assets 2019: $13,404,400Liabilities 2019: $19,588,518Net Assets 2019: -$6,184,1182019Assets 2020: $13,996,954Liabilities 2020: $20,380,208Net Assets 2020: -$6,383,2542020Assets 2021: $17,560,259Liabilities 2021: $22,362,104Net Assets 2021: -$4,801,8452021Assets 2022: $31,516,321Liabilities 2022: $29,190,225Net Assets 2022: $2,326,0962022Assets 2023: $19,525,163Liabilities 2023: $1,006,663Net Assets 2023: $18,518,5002023

Highlighted filing

2023

Assets$19,525,163
Liabilities$1,006,663
Net Assets$18,518,500

Operations Trend

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

$60M$40M$20M$0-$20MExpenses 2011: $9,524,4572011Expenses 2012: $11,041,5902012Expenses 2013: $11,201,9682013Revenue 2014: $13,397,188Expenses 2014: $12,144,700Net Income 2014: $1,252,4882014Revenue 2015: $23,464,517Expenses 2015: $21,717,891Net Income 2015: $1,746,6262015Revenue 2016: $26,017,384Expenses 2016: $26,491,168Net Income 2016: -$473,7842016Revenue 2017: $28,188,625Expenses 2017: $31,319,595Net Income 2017: -$3,130,9702017Revenue 2018: $31,201,177Expenses 2018: $34,869,117Net Income 2018: -$3,667,9402018Revenue 2019: $35,388,479Expenses 2019: $36,589,809Net Income 2019: -$1,201,3302019Revenue 2020: $35,303,797Expenses 2020: $35,502,933Net Income 2020: -$199,1362020Revenue 2021: $37,041,604Expenses 2021: $35,485,200Net Income 2021: $1,556,4042021Revenue 2022: $43,062,116Expenses 2022: $35,250,593Net Income 2022: $7,811,5232022Revenue 2023: $41,357,127Expenses 2023: $37,456,344Net Income 2023: $3,900,7832023

Highlighted filing

2023

Revenue$41,357,127
Expenses$37,456,344
Net Income$3,900,783

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$19.5$1.01$18.5$41.4$37.5$3.90
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$31.5$29.2$2.33$43.1$35.3$7.81
2021Summary only. Only limited summary data is available for this year.$17.6$22.4$4.80$37.0$35.5$1.56
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$14.0$20.4$6.38$35.3$35.5$0.20
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.4$19.6$6.18$35.4$36.6$1.20
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.1$15.0$4.98$31.2$34.9$3.67
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.6$12.0$1.31$28.2$31.3$3.13
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.78$7.96$1.82$26.0$26.5$0.47
2015Detailed filing. Detailed filing data is available for this year.$8.51$6.22$2.29$23.5$21.7$1.75
2014Detailed filing. Detailed filing data is available for this year.$2.94$1.07$1.87$13.4$12.1$1.25
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.93$1.32$0.62$11.2
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.91$0.64$0.26$11.0
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.34$0.79$0.55$9.52
Latest Detailed Filing

The latest 2023 filing currently has summary financial data only. Showing the latest detailed filing from 2019 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jul 15, 2020
Return Version
2018v3.2
Gross Receipts
$35,388,479
Mission and Program Overview

Mission

The charter schools mission is to prepare newarks next generation of children to be intelectually, emotionally, socially and financially responsible citizens.

Marion p. Thomas charter school, inc. (the "charter school") is the largest independently-operated free public charter school in newark, new jersey. The charter school was established in 1999 by a group of individuals who were born and raised in newark and wanted to provide the best possible educational experience for the next generation of newarkers. The school is one of the only minority-led charter schools in newark, reflecting both its student population and the community it serves. Since 1999, it has grown from four classrooms to four campuses and now serves 1,481 students from pre-kindergarten through the 12th grade. It offers a seamless educational experience from "crayons to college," giving newark residents the opportunity to stay within one school system for their entire public educational career from prekindergarten to 12th grade.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$1,229,145$2,128,658▲ $899,513
Cash and Non-Interest-Bearing Accounts$982,001$922,239▼ $59,762
Land, Buildings, and Equipment, Net$396,609$321,218▼ $75,391
Prepaid Expenses and Deferred Charges$419,257$270,134▼ $149,123
Total Assets$10,066,273$13,404,400▲ $3,338,127
Other Assets Total$7,039,261$9,762,151▲ $2,722,890
Liabilities
Other Liabilities$14,782,921$19,262,070▲ $4,479,149
Accounts Payable and Accrued Expenses$257,021$314,803▲ $57,782
Deferred Revenue$9,119$11,645▲ $2,526
Total Liabilities$15,049,061$19,588,518▲ $4,539,457
Net Assets / Fund Balance
Unrestricted Net Assets$-4,982,788$-6,184,118▼ $1,201,330
Total Net Assets Fund Balance$-4,982,788$-6,184,118▼ $1,201,330
Total Liabilities and Net Assets / Fund Balance$10,066,273$13,404,400▲ $3,338,127

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$169,885$878,565$1,048,450
Leasehold Improvements$151,333$560,771$712,104
Other Assets Org$9,760,131--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dr Karen ThomasCEO/assistant Secretary (uFT$285,937$22,244$308,181
Kimberly Wright-whiteHigh School PrincipalFT$153,619$22,322$175,941
John GambleSelect Academy PrincipalFT$140,089$20,566$160,655
Finn-bruce LisaSteam Academy PrincipalFT$134,415$16,093$150,508
Femi AmorinSch.bus.adm/board SecretarFT$131,589$15,709$147,298
Damon WhiteDirector of OperationsFT$120,696$13,184$133,880
Shavon ChambersPac Academy PrincipalFT$110,695$12,097$122,792
Michael FletcherDirector of Human ResourcesFT$105,635$11,620$117,255
Misha SimmondsInterim Chief School AdminFT$94,843$3,750$98,593

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Mayor TransportationTransportation Services191 NORTH 13TH STREET, Newark, NJ 07107$102,479
Revenue and Support

Revenue Composition

Contributions and Grants
$8,501,329
Program Service Revenue
$26,876,540
Investment Income
$0
Other Revenue
$10,610
All Other Contributions
$94,785
Change in Net Assets
$-1,201,330

Audited Revenue Reconciliation

Revenue per Audited Statements
$35,388,479
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$18,357
Total Revenue per Audited Statements
$35,406,836
Total Revenue per Form 990
$35,388,479
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$26,797,394
Other Expenses$9,792,415
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$12,057,431$1,728,262-$13,785,693
Pension Plan Contributions$6,486,977$490,633-$6,977,610
Other Employee Benefits$4,766,792$51,456-$4,818,248
Occupancy$4,277,224--$4,277,224
Fees for Services Other$2,229,824$458,260-$2,688,084
Current Officers, Directors, Trustees, and Key Employees-$1,215,843-$1,215,843
Office Expenses$1,022,534$87,945-$1,110,479
Depreciation Depletion$93,911--$93,911
Other Expenses$22,740$40,561-$63,301
All Other Expenses$40,141--$40,141
Interest$26,912--$26,912
Total Functional Expenses$32,091,234$4,498,575$0$36,589,809

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$36,608,166
Expenses per Audited Statements$36,589,809
Total Expenses per Form 990$36,589,809
Expenses Not Reported on Form 990$18,357
Expenses Not Reported on Financial Statements$0
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Net Pension Liabilities$13,036,210
Deferred Inflow of Resources$5,468,543
Compensated Absences$361,693
Intergovernmental Payables$156,656
Capital Lease Obligation$124,476
Cash Overdraft$114,492
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
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

The draft form 990 is initially reviewed by the ceo and school business administrator. Once reviewed and comments addressed, a copy via e-mail is provided to the chair of the finance committee and board members for review and approval for filing.

Form 990, Part VI, Section B, Line 12C

The board members and key employees are required to complete an annual disclosure form indicating any conflict of interest or arrangements that could give rise to a conflict. Completed questionnaires are reviewed by the board. Any member that has a conflict of interest is not allowed to vote on any matter that is related to the conflict.

Form 990, Part VI, Section B, Line 15

Compensation of mptcs ceo and key employees (principal, sba) are based on qualifications, salary information of the same position in the school or similar entities in the area. The board reviews and approves compensation information for key and all other employees of the charter school.

Form 990, Part VI, Section C, Line 19

The charter school makes its governing documents, conflict of interest policy, and financial statements available to the public upon written request to the school business office located at 370 south 7th street, newark, nj 07103 or by calling (973)621-0060. The charter school's form 990 is available for public inspection at www.guidestar.org or at the school business office upon request.

Filing and Contact Details

Filer

Filer Name
Marion P Thomas Charter Schoolinc
EIN
22-3531113
Phone
9736210060
Address
125 SUSSEX AVENUE, NEWARK, NJ 07103

Signing Officer

Name
Carrieann Zielinski
Title
School Business Administrator
Phone
9736210060
Signed
2020-07-15

Organization Details

Principal Officer
Carrieann Zielinski
Formed
1997
Legal Domicile
Nj
Voting Board Members
11
Independent Board Members
11
Employees
399
Volunteers
11

Preparer

Firm
Galleros Robinson Cpas Llp
Address
115 DAVIS STATION ROAD, CREAM RIDGE, NJ 08514
Preparer
Leonora Galleroscpa
Phone
7324622020
Supplemental Narrative

Additional Explanations

Form 990, XII Line 2C

The process of selecting independent auditor has not changed from prior year.

Financial Statement Notes

PART X, LINE 2:

The charter school's policy provides for liabilities for uncertain tax position when a liability is most likely and estimable. Management is not aware of any violation of its tax status as an exempt organization from income taxes nor of any exposure to unrelated business income tax. The charter school is no longer subject to audits by the applicable taxing jurisdictions for periods prior to june 30, 2016.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

FOOD COMMODITIES 18,357.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

FOOD COMMODITIES 18,357.

Raw XML AppendixShowing 400 of 649 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
IRS990/AccountantCompileOrReviewInd00
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IRS990/AccountsReceivableGrp/EOYAmt02128658
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0MARION P. THOMAS CHARTER SCHOOL, INC. (THE "CHARTER SCHOOL") IS THE LARGEST INDEPENDENTLY-OPERATED FREE PUBLIC CHARTER SCHOOL IN NEWARK, NEW JERSEY. THE CHARTER SCHOOL WAS ESTABLISHED IN 1999 BY A GROUP OF INDIVIDUALS WHO WERE BORN AND RAISED IN NEWARK AND WANTED TO PROVIDE THE BEST POSSIBLE EDUCATIONAL EXPERIENCE FOR THE NEXT GENERATION OF NEWARKERS. THE SCHOOL IS ONE OF THE ONLY MINORITY-LED CHARTER SCHOOLS IN NEWARK, REFLECTING BOTH ITS STUDENT POPULATION AND THE COMMUNITY IT SERVES. SINCE 1999, IT HAS GROWN FROM FOUR CLASSROOMS TO FOUR CAMPUSES AND NOW SERVES 1,481 STUDENTS FROM PRE-KINDERGARTEN THROUGH THE 12TH GRADE. IT OFFERS A SEAMLESS EDUCATIONAL EXPERIENCE FROM "CRAYONS TO COLLEGE," GIVING NEWARK RESIDENTS THE OPPORTUNITY TO STAY WITHIN ONE SCHOOL SYSTEM FOR THEIR ENTIRE PUBLIC EDUCATIONAL CAREER FROM PREKINDERGARTEN TO 12TH GRADE.
IRS990/AllOtherContributionsAmt094785
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IRS990/AllOtherExpensesGrp/TotalAmt040141
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IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0CARRIEANN ZIELINSKI
IRS990/BooksInCareOfDetail/PhoneNum09736210060
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0125 SUSSEX AVENUE
IRS990/BooksInCareOfDetail/USAddress/CityNm0NEWARK
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IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt09792415
IRS990/CYOtherRevenueAmt010610
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IRS990/Desc0IN 2018-2019, THE CHARTER SCHOOL HAD SERVED 1,481 STUDENTS THROUGH ITS PRE-KINDERGARTEN TO 12TH GRADE CURRICULUM AND SEAMLESS EDUCATIONAL EXPERIENCE FROM "CRAYONS TO COLLEGE." DURING THE YEAR, THE CHARTER SCHOOL UNDER TOOK MAJOR INITIATIVES IN ORDER FOR OUR VILLAGE TO CONTINUE TO ACHIEVE ITS HIGH LEVELS OF EXCELLENCE. RESULTS FROM THE 2019 MAY ADMINISTRATION OF THE NEW JERSEY STUDENT LEARNING ASSESSMENTS IN MATH AND ELA YIELDED AN INCREASE IN THE PERCENTAGE OF STUDENT'S MEETING EXPECTATIONS. THE DISTRICT EXPERIENCED 10% GROWTH IN MATH AND 6% GROWTH IN ELA, THE HIGHEST IN THE PAST 3 ACADEMIC YEARS.
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4CAPITAL LEASE OBLIGATION

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