Civic Intelligence

Marion P Thomas Charter High School Education Association a Nj Nonprof

990 • Fiscal year 2013 • EIN 22-3531113

Jul 01, 2012 to Jun 30, 2013 • Filed on Mar 06, 2014

Organization Profilewww.mptcs.org
370 South 7th Street07103
Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

78th percentile

0.68x

Higher debt load relative to assets than 78% of similar nonprofits.

2013 filings • NTEE B • $10M-$25M nonprofits • Source year 2013

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2013

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2013

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2013

Asset Growth

98th percentile

113%

Faster asset growth than 98% of similar nonprofits.

2013 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets78th percentile

Assets

Up

$1,934,221

Up $1,027,900 (+113%) from 2012

Net Assets

Up

$616,546

Up $353,216 (+134%) from 2012

Liabilities

Up

$1,317,675

Up $674,684 (+105%) from 2012

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$11,201,968

Up $160,378 (+1.5%) from 2012

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth98th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$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

2013

Assets$1,934,221
Liabilities$1,317,675
Net Assets$616,546
Open 2013 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this 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

2013

Revenue-
Expenses$11,201,968
Net Income-
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2012 to Jun 30, 2013
Signed
Mar 6, 2014
Return Version
2012v2.1
Gross Receipts
$11,555,184
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.

Major Activities

Activity 2
The Charter School provided nutritionally balanced, low cost or free meals to children each school day through its Breakfast and Lunch Programs. The Programs are federally and state assisted.
Activity 3
The Charter School implemented the No Child Left Behind Program. This program was enacted by Congress to reauthorize the elementary and secondary education Act with major focus on providing all children with fair, equal and significant opportunity to have a high quality education though enrichment activities.
Filing and Contact Details

Filer

EIN
22-3531113
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IRS990/ActivityOrMissionDescription0Marion P. Thomas Charter School, Inc. (the "Charter School") serves as a neighborhood resource as a model for other similar schools. It provides education to students from Pre-K through 8th Grade in a newly expanded school campus with smaller class sizes, extended learning program, after school in all levels for the gifted and talented, integration of technology in every subject, and breakfast/lunch programs.
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IRS990/MissionDescription0The Charter School's mission is to prepare Newark's next generation of children to be intellectually, emotionally, socially and financially responsible citizens.
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IRS990/NameOfPrincipalOfficerPerson0DR KAREN YOUNG THOMAS
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IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation0The 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, 2009.
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IRS990ScheduleE/Form990ScheduleEPartII/Explanation0MPTCS IS A CHARTER SCHOOL AND THEREFORE NOT SUBJECT TO THE RACIAL NONDISCRIMINATION PROVISIONS OF REV. PROC. 75-50 1975-2 C.B. 587.
IRS990ScheduleE/Form990ScheduleEPartII/Explanation1MPTCS IS A CHARTER SCHOOL IN THE STATE OF NEW JERSEY. AS A CHARTER SCHOOL, ITS OPERATING REVENUE SOURCES INCLUDE STATE AID AND LOCAL LEVY BASED ON ENROLLMENT, FEDERAL AWARDS AND STATE FINANCIAL ASSISTANCE.
IRS990ScheduleE/Form990ScheduleEPartII/Explanation2MPTCS IS A CHARTER SCHOOL AND THEREFORE NOT SUBJECT TO THE RACIAL NONDISCRIMINATION PROVISIONS OF REV. PROC. 75-50 1975-2 C.B. 587.
IRS990ScheduleE/Form990ScheduleEPartII/Explanation3MPTCS IS A CHARTER SCHOOL AND THEREFORE NOT SUBJECT TO THE RACIAL NONDISCRIMINATION PROVISIONS OF REV. PROC. 75-50 1975-2 C.B. 587.
IRS990ScheduleE/Form990ScheduleEPartII/Identifier0Explanation of Nondiscriminatory Policy Publication
IRS990ScheduleE/Form990ScheduleEPartII/Identifier1Explanation of Government Financial Assistance
IRS990ScheduleE/Form990ScheduleEPartII/Identifier2Explanation of Racial Nondiscrimination Compliance
IRS990ScheduleE/Form990ScheduleEPartII/Identifier3EXPLANATION OF RACIAL NONDISCRIMINATION COMPLIANCE:
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IRS990ScheduleJ/AnyNonFixedPayments00
IRS990ScheduleJ/CompBasedNetEarningsFilingOrg00
IRS990ScheduleJ/CompBasedNetEarningsRelateOrgs00
IRS990ScheduleJ/CompBasedOnRevenueOfFilingOrg00
IRS990ScheduleJ/CompBasedOnRevenueRelatedOrgs00
IRS990ScheduleJ/EquityBasedCompArrangement00
IRS990ScheduleJ/Form990ScheduleJPartII/BaseCompensationFilingOrg0157780
IRS990ScheduleJ/Form990ScheduleJPartII/BonusFilingOrg00
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IRS990ScheduleJ/Form990ScheduleJPartII/DeferredCompFilingOrg00
IRS990ScheduleJ/Form990ScheduleJPartII/DeferredCompRelatedOrgs00
IRS990ScheduleJ/Form990ScheduleJPartII/NamePerson0Dr Karen Thomas
IRS990ScheduleJ/Form990ScheduleJPartII/NontaxableBenefitsFilingOrg06342
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IRS990ScheduleJ/Form990ScheduleJPartII/OtherCompensationFilingOrg00
IRS990ScheduleJ/Form990ScheduleJPartII/OtherCompensationRelatedOrgs00
IRS990ScheduleJ/Form990ScheduleJPartII/Title0Superindentent/Asst.Sec.
IRS990ScheduleJ/Form990ScheduleJPartII/TotalCompensationFilingOrg0164122
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IRS990ScheduleJ/InitialContractException00
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IRS990ScheduleO/GeneralExplanation/Explanation0The 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.
IRS990ScheduleO/GeneralExplanation/Explanation1THE BOARD MEMBERS AND KEY EMPLOYES 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.
IRS990ScheduleO/GeneralExplanation/Explanation2COMPENSATION 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.
IRS990ScheduleO/GeneralExplanation/Explanation3The 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.
IRS990ScheduleO/GeneralExplanation/Explanation4The process of selecting independent auditor has not changed from prior year.
IRS990ScheduleO/GeneralExplanation/ReturnReference0Form 990, Part VI, Section B, line 11
IRS990ScheduleO/GeneralExplanation/ReturnReference1Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/GeneralExplanation/ReturnReference2Form 990, Part VI, Section B, line 15
IRS990ScheduleO/GeneralExplanation/ReturnReference3Form 990, Part VI, Section C, line 19
IRS990ScheduleO/GeneralExplanation/ReturnReference4Form 990, XII Line 2c
IRS990/ScheduleORequired01

Document Assets

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Filings

Displayed year

2013 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$1,934,221
Liabilities
$1,317,675
Net assets
$616,546
Revenue
-
Expenses
$11,201,968
Net income
-
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