Civic Intelligence

Chesapeake Lighthouse Foundation Inc.

990 • Fiscal year 2016 • EIN 83-0356333

Jul 01, 2015 to Jun 30, 2016 • Filed on Feb 21, 2017

Organization ProfileWWW.CLFMD.ORG
6151 Chevy Chase DriveLaurel, MD 20707

(301) 776-2300

Siviq Scores

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

Liabilities / Assets

92nd percentile

0.99x

Higher debt load relative to assets than 92% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Liabilities / Revenue

85th percentile

1.91x

Higher debt load relative to revenue than 85% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Net Margin

14th percentile

-14%

Higher net margin than 14% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Top Officer Pay

16th percentile

$126,537

Higher top officer pay than 16% of similar nonprofits.

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

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Asset Growth

89th percentile

25%

Faster asset growth than 89% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2015 to 2016

Revenue Growth

67th percentile

8.5%

Faster revenue growth than 67% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets92nd percentile

Assets

Up

$40,093,175

Up $7,917,044 (+25%) from 2015

Net Assets

Down

$209,374

Down $2,861,476 (-93%) from 2015

Liabilities

Up

$39,883,801

Up $10,778,520 (+37%) from 2015

Revenue And Expenses
Liabilities / Revenue85th percentileNet Margin14th percentile

Revenue

Up

$20,935,845

Up $1,632,136 (+8.5%) from 2015

Expenses

Up

$23,797,321

Up $5,517,036 (+30%) from 2015

Net Income

Down

-$2,861,476

Down $3,884,900 (-380%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth89th percentile

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

$150M$100M$50M$0-$50MAssets 2010: $664,462Liabilities 2010: $547,118Net Assets 2010: $117,3442010Assets 2011: $806,820Liabilities 2011: $278,379Net Assets 2011: $528,4412011Assets 2014: $10,785,137Liabilities 2014: $8,737,711Net Assets 2014: $2,047,4262014Assets 2015: $32,176,131Liabilities 2015: $29,105,281Net Assets 2015: $3,070,8502015Assets 2016: $40,093,175Liabilities 2016: $39,883,801Net Assets 2016: $209,3742016Assets 2017: $60,360,578Liabilities 2017: $61,138,390Net Assets 2017: -$777,8122017Assets 2018: $71,428,713Liabilities 2018: $71,579,135Net Assets 2018: -$150,4222018Assets 2019: $74,533,987Liabilities 2019: $71,822,412Net Assets 2019: $2,711,5752019Assets 2020: $79,192,054Liabilities 2020: $71,506,618Net Assets 2020: $7,685,4362020Assets 2021: $95,248,368Liabilities 2021: $83,040,388Net Assets 2021: $12,207,9802021Assets 2022: $97,823,093Liabilities 2022: $80,173,208Net Assets 2022: $17,649,8852022Assets 2023: $104,993,642Liabilities 2023: $77,855,506Net Assets 2023: $27,138,1362023Assets 2024: $123,251,178Liabilities 2024: $94,254,646Net Assets 2024: $28,996,5322024Assets 2025: $131,565,365Liabilities 2025: $99,539,195Net Assets 2025: $32,026,1702025

Highlighted filing

2016

Assets$40,093,175
Liabilities$39,883,801
Net Assets$209,374
Open 2016 Filing

Operations Trend

Revenue Growth67th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$80M$60M$40M$20M$0-$20MExpenses 2010: $2,629,3602010Expenses 2011: $3,482,5622011Revenue 2014: $10,394,372Expenses 2014: $10,894,418Net Income 2014: -$500,0462014Revenue 2015: $19,303,709Expenses 2015: $18,280,285Net Income 2015: $1,023,4242015Revenue 2016: $20,935,845Expenses 2016: $23,797,321Net Income 2016: -$2,861,4762016Revenue 2017: $24,497,798Expenses 2017: $25,484,984Net Income 2017: -$987,1862017Revenue 2018: $28,684,006Expenses 2018: $28,056,616Net Income 2018: $627,3902018Revenue 2019: $38,850,420Expenses 2019: $35,988,423Net Income 2019: $2,861,9972019Revenue 2020: $41,089,783Expenses 2020: $36,115,922Net Income 2020: $4,973,8612020Revenue 2021: $41,440,883Expenses 2021: $36,918,339Net Income 2021: $4,522,5442021Revenue 2022: $48,417,489Expenses 2022: $42,975,584Net Income 2022: $5,441,9052022Revenue 2023: $58,554,386Expenses 2023: $49,066,135Net Income 2023: $9,488,2512023Revenue 2024: $67,569,282Expenses 2024: $58,613,030Net Income 2024: $8,956,2522024Revenue 2025: $65,275,806Expenses 2025: $61,683,008Net Income 2025: $3,592,7982025

Highlighted filing

2016

Revenue$20,935,845
Expenses$23,797,321
Net Income-$2,861,476
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Feb 21, 2017
Return Version
2015v3.0
Gross Receipts
$22,018,970
Mission and Program Overview

Mission

To attain educational excellence by providing a rigorous and technology-integrated education for k-12 students with an emphasis on mathematics, science, and information technologies.

To provide a rigorous and quality education for elementary, middle and high school students with a special focus on math, science and technology.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$21,278,737$32,920,142▲ $11,641,405
Cash and Non-Interest-Bearing Accounts$9,351,191$6,095,562▼ $3,255,629
Loans From Officers Directors$300,000$218,686▼ $81,314
Accounts Receivable$260,525$175,398▼ $85,127
Savings and Temporary Cash Investments$150,391--
Total Assets$32,176,131$40,093,175▲ $7,917,044
Other Assets Total$1,135,287$902,073▼ $233,214
Liabilities
Mortgage Notes Payable Secured by Investment Property$28,384,218$37,708,180▲ $9,323,962
Accounts Payable and Accrued Expenses$299,628$1,899,258▲ $1,599,630
Other Liabilities$121,435$57,677▼ $63,758
Total Liabilities$29,105,281$39,883,801▲ $10,778,520
Net Assets / Fund Balance
Unrestricted Net Assets$3,070,850$209,374▼ $2,861,476
Total Net Assets Fund Balance$3,070,850$209,374▼ $2,861,476
Total Liabilities and Net Assets / Fund Balance$32,176,131$40,093,175▲ $7,917,044

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$25,420,206$2,438,788$27,858,994
Equipment$1,877,438$1,375,909$3,253,347
Leasehold Improvements$2,887,301$99,376$2,986,677
Other Land Buildings$2,735,197$134,096$2,869,293
Compensation and Service Providers
Top Officer Pay16th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Omer OzmeralCEO Until August 2015FT$119,783$6,754$126,537
Hakan OrakChief Academic OfficerFT$102,075$14,528$116,603
Vedat DoganCFO, Then COO as of 1/2016FT$90,645$10,245$100,890
Yahyahan KayaCOO Until December 2015FT$76,467$12,512$88,979
Ismail UnlusoyCIO as of January 2015FT$72,450$2,851$75,301
Ismail Hakki KaramanCEO as of September 2015FT$60,833-$60,833
Jamaeya WayCFO as of December 2015FT$7,500-$7,500

Board Members and Trustees

NameTitle
Spear LancasterBoard President
Dr Murat CilVice President
Birol OzturkDirector
Salih MirasyediDirector
Dr Mustafa SefikDirector as of March 2016
Dr Ruth EbiasahDirector as of March 2016
Sakena GreeneDirector as of March 2016
Michelle TaylorDirector Until Sept. 2015
Neil MazuranicSecretary
Lutfi onTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Abm JanitorialCleaning ServicesLOCKBOX 7401 PO BOX 8500, Philadelphia, PA 19178$360,474
Re Wilson & Sons INCStudent Transportation1578 SEVERN CHAPEL ROAD, Crownsville, MD 21032$304,382
Jemisun Healthcare ServicesHealth Nurse ServicesPO BOX 152, Brattleboro, VT 05301$183,745
Carlos MirandaGeneral Contracting715 CROSBY ROAD, Catonsville, MD 21228$152,140
Revenue and Support

Revenue Composition

Contributions and Grants
$112,959
Program Service Revenue
$21,769,811
Investment Income
$-1,083,122
Other Revenue
$136,197
All Other Contributions
$112,959
Change in Net Assets
$-2,861,476

Audited Revenue Reconciliation

Revenue per Audited Statements
$20,935,845
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$20,935,845
Total Revenue per Form 990
$20,935,845
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$12,833,528
Other Expenses$10,963,793
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$8,246,996$1,810,316-$10,057,312
Interest-$2,651,235-$2,651,235
Occupancy$1,686,151$651,355-$2,337,506
Other Employee Benefits$1,184,595$260,032-$1,444,627
Depreciation Depletion$1,136,400$249,454-$1,385,854
Fees for Services Other$951,205$208,801-$1,160,006
Office Expenses$648,824$411,599-$1,060,423
Payroll Taxes$637,657$139,973-$777,630
Current Officers, Directors, Trustees, and Key Employees$410,432$90,095-$500,527
Fees for Services Management$317,409$74,623-$392,032
All Other Expenses$180,337$32,404-$212,741
Other Expenses$193,274$43,162-$193,274
Insurance$95,129$20,882-$116,011
Conferences and Meetings$86,335$18,952-$105,287
Pension Plan Contributions$43,814$9,618-$53,432
Fees for Services Legal-$42,583-$42,583
Fees for Services Accounting-$21,250-$21,250
Advertising$13,621$2,990-$16,611
Travel$6,466$1,419-$7,885
Total Functional Expenses$17,056,578$6,740,743$0$23,797,321

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$23,797,321
Total Expenses per Audited Statements$23,797,321
Total Expenses per Form 990$23,797,321
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$300,000$218,686▼ $81,314
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Capital Lease Obligation$57,677
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
No
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 11

“The board of directors reviews a copy of the form 990 before it is filed with the irs.”

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

“Board members and officers sign a conflict of interest form and statement indicating interests that could give rise to conflicts. This is done on an annual basis.”

Form 990, Part VI, Section B, Line 15A

“The organization uses a compensation survey or study to determine the president/ceo's compensation. The amount is approved by the board of directors. The last compensation survey was completed in september of 2015.”

Form 990, Part VI, Section C, Line 19

“The foundation makes its governing documents, financial statements and form 990 available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Chesapeake Lighthouse Foundation Inc
EIN
83-0356333
Phone
3017762300
Address
6151 CHEVY CHASE DRIVE, LAUREL, MD 20707

Signing Officer

Name
Ismail Hakki Karaman
Title
CEO
Phone
3017762300
Signed
2017-02-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ismail Hakki Karaman
Formed
2003
Legal Domicile
Md
Voting Board Members
9
Independent Board Members
8
Employees
58
Volunteers
8

Preparer

Firm
Jones Maresca & Mcquade Pa
Address
10500 LITTLE PATUXENT PARKWAY SUITE, 770, COLUMBIA, MD 21044
Preparer
David Jones
Phone
4108840220
Supplemental Narrative

Additional Explanations

ITEM C. DOING BUSINES AS NAMES:

“Chesapeake lighthouse foundation, inc. ("the foundation") operates four charter schools under the dba names chesapeake science point charter school llc, chesapeake math & it academy, cmit elementary, and cmit south.”

Form 990, Part XII, Line 2C

“The organization has not changed its oversight or selection process during the year.”

Financial Statement Notes

PART X, LINE 2:

“Clf recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Clf does not believe its financial statements include any uncertain tax positions.”

Raw XML AppendixShowing 400 of 584 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.

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IRS990/Form990PartVIISectionAGrp/PersonNm4MICHELLE TAYLOR
IRS990/Form990PartVIISectionAGrp/PersonNm5SALIH MIRASYEDI
IRS990/Form990PartVIISectionAGrp/PersonNm6BIROL OZTURK
IRS990/Form990PartVIISectionAGrp/PersonNm7DR MUSTAFA SEFIK
IRS990/Form990PartVIISectionAGrp/PersonNm8SAKENA GREENE
IRS990/Form990PartVIISectionAGrp/PersonNm9DR RUTH EBIASAH
IRS990/Form990PartVIISectionAGrp/PersonNm10ISMAIL HAKKI KARAMAN
IRS990/Form990PartVIISectionAGrp/PersonNm11OMER OZMERAL
IRS990/Form990PartVIISectionAGrp/PersonNm12YAHYAHAN KAYA
IRS990/Form990PartVIISectionAGrp/PersonNm13ISMAIL UNLUSOY
IRS990/Form990PartVIISectionAGrp/PersonNm14JAMAEYA WAY
IRS990/Form990PartVIISectionAGrp/PersonNm15HAKAN ORAK
IRS990/Form990PartVIISectionAGrp/PersonNm16VEDAT DOGAN
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1060833
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt11119783
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1276467
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1372450
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt147500
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt15102075
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1690645
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR UNTIL SEPT. 2015
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR AS OF MARCH 2016
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR AS OF MARCH 2016
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR AS OF MARCH 2016
IRS990/Form990PartVIISectionAGrp/TitleTxt10CEO AS OF SEPTEMBER 2015
IRS990/Form990PartVIISectionAGrp/TitleTxt11CEO UNTIL AUGUST 2015
IRS990/Form990PartVIISectionAGrp/TitleTxt12COO UNTIL DECEMBER 2015
IRS990/Form990PartVIISectionAGrp/TitleTxt13CIO AS OF JANUARY 2015
IRS990/Form990PartVIISectionAGrp/TitleTxt14CFO AS OF DECEMBER 2015
IRS990/Form990PartVIISectionAGrp/TitleTxt15CHIEF ACADEMIC OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt16CFO, THEN COO AS OF 1/2016
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02003
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt0-1083125
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt022018970
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt08
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt020882
IRS990/InsuranceGrp/ProgramServicesAmt095129
IRS990/InsuranceGrp/TotalAmt0116011
IRS990/InterestGrp/ManagementAndGeneralAmt02651235
IRS990/InterestGrp/TotalAmt02651235
IRS990/InvestmentIncomeGrp/ExclusionAmt03
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt03
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt0104
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt04048169
IRS990/LandBldgEquipBasisNetGrp/BOYAmt021278737
IRS990/LandBldgEquipBasisNetGrp/EOYAmt032920142
IRS990/LandBldgEquipCostOrOtherBssAmt036968311
IRS990/LegalDomicileStateCd0MD
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt01083125
IRS990/LoanOutstandingInd01
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt0300000
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt0218686
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd01
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO ATTAIN EDUCATIONAL EXCELLENCE BY PROVIDING A RIGOROUS AND TECHNOLOGY-INTEGRATED EDUCATION FOR K-12 STUDENTS WITH AN EMPHASIS ON MATHEMATICS, SCIENCE, AND INFORMATION TECHNOLOGIES.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt028384218
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt037708180
IRS990/NetAssetsOrFundBalancesBOYAmt03070850
IRS990/NetAssetsOrFundBalancesEOYAmt0209374
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-1083125
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-1083125
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0651355
IRS990/OccupancyGrp/ProgramServicesAmt01686151
IRS990/OccupancyGrp/TotalAmt02337506
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0411599
IRS990/OfficeExpensesGrp/ProgramServicesAmt0648824
IRS990/OfficeExpensesGrp/TotalAmt01060423
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01135287
IRS990/OtherAssetsTotalGrp/EOYAmt0902073
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0260032
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt01184595
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01444627
IRS990/OtherExpensesGrp/Desc0INSTRUCTIONAL MATERIALS
IRS990/OtherExpensesGrp/Desc1BUS TRANSPORTATION
IRS990/OtherExpensesGrp/Desc2ENRICHMENT ACTIVITIES
IRS990/OtherExpensesGrp/Desc3DIRECT STUDENT EXPENSES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt043162
IRS990/OtherExpensesGrp/ProgramServicesAmt0685285
IRS990/OtherExpensesGrp/ProgramServicesAmt1336023
IRS990/OtherExpensesGrp/ProgramServicesAmt2196625
IRS990/OtherExpensesGrp/ProgramServicesAmt3193274
IRS990/OtherExpensesGrp/TotalAmt0685285
IRS990/OtherExpensesGrp/TotalAmt1336023
IRS990/OtherExpensesGrp/TotalAmt2239787
IRS990/OtherExpensesGrp/TotalAmt3193274
IRS990/OtherLiabilitiesGrp/BOYAmt0121435
IRS990/OtherLiabilitiesGrp/EOYAmt057677
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/Desc0REIMBURSEMENTS/REFUNDS
IRS990/OtherRevenueMiscGrp/Desc1INSURANCE PAYMENT
IRS990/OtherRevenueMiscGrp/ExclusionAmt085017
IRS990/OtherRevenueMiscGrp/ExclusionAmt151180
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt085017
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt151180
IRS990/OtherRevenueTotalAmt0136197
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt01810316
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt08246996
IRS990/OtherSalariesAndWagesGrp/TotalAmt010057312
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0139973
IRS990/PayrollTaxesGrp/ProgramServicesAmt0637657
IRS990/PayrollTaxesGrp/TotalAmt0777630
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt09618
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt043814
IRS990/PensionPlanContributionsGrp/TotalAmt053432
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0ISMAIL HAKKI KARAMAN
IRS990/ProfessionalFundraisingInd00
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IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/BusinessCd2611710
IRS990/ProgramServiceRevenueGrp/Desc0PER PUPIL FUNDING
IRS990/ProgramServiceRevenueGrp/Desc1ENRICHMENT FEES
IRS990/ProgramServiceRevenueGrp/Desc2APEX MATH PROGRAM
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt020802083
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1966678
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt21050
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt020802083
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1966678
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt21050
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt02020409
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt014
IRS990/PYOtherExpensesAmt07370551
IRS990/PYOtherRevenueAmt0107825
IRS990/PYProgramServiceRevenueAmt017175461
IRS990/PYRevenuesLessExpensesAmt01023424
IRS990/PYSalariesCompEmpBnftPaidAmt010909734
IRS990/PYTotalExpensesAmt018280285
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt019303709
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-2861476
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt021769811
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0150391
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

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$40,093,175
Liabilities
$39,883,801
Net assets
$209,374
Revenue
$20,935,845
Expenses
$23,797,321
Net income
-$2,861,476
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$132$99.5$32.0$65.3$61.7$3.59
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$123$94.3$29.0$67.6$58.6$8.96
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$105$77.9$27.1$58.6$49.1$9.49
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$97.8$80.2$17.6$48.4$43.0$5.44
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$95.2$83.0$12.2$41.4$36.9$4.52
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$79.2$71.5$7.69$41.1$36.1$4.97
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$74.5$71.8$2.71$38.9$36.0$2.86
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$71.4$71.6$0.15$28.7$28.1$0.63
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$60.4$61.1$0.78$24.5$25.5$0.99
2016Detailed filing. Detailed filing data is available for this year.$40.1$39.9$0.21$20.9$23.8$2.86
2015Detailed filing. Detailed filing data is available for this year.$32.2$29.1$3.07$19.3$18.3$1.02
2014Detailed filing. Detailed filing data is available for this year.$10.8$8.74$2.05$10.4$10.9$0.50
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.81$0.28$0.53$3.48
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.66$0.55$0.12$2.63