Civic Intelligence

Chesapeake Lighthouse Foundation Inc.

990 • Fiscal year 2020 • EIN 83-0356333

Jul 01, 2019 to Jun 30, 2020 • Filed on Dec 16, 2020

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

89th percentile

0.90x

Higher debt load relative to assets than 89% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Liabilities / Revenue

82nd percentile

1.74x

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

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Net Margin

68th percentile

12%

Higher net margin than 68% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Top Officer Pay

19th percentile

$187,574

Higher top officer pay than 19% of similar nonprofits.

Top officer pay equals 0.5% of source-year revenue.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Asset Growth

51st percentile

6.2%

Faster asset growth than 51% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2019 to 2020

Revenue Growth

60th percentile

5.8%

Faster revenue growth than 60% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets89th percentile

Assets

Up

$79,192,054

Up $4,658,067 (+6.2%) from 2019

Net Assets

Up

$7,685,436

Up $4,973,861 (+183%) from 2019

Liabilities

Down

$71,506,618

Down $315,794 (-0.4%) from 2019

Revenue And Expenses
Liabilities / Revenue82nd percentileNet Margin68th percentile

Revenue

Up

$41,089,783

Up $2,239,363 (+5.8%) from 2019

Expenses

Up

$36,115,922

Up $127,499 (+0.4%) from 2019

Net Income

Up

$4,973,861

Up $2,111,864 (+74%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth51st 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

2020

Assets$79,192,054
Liabilities$71,506,618
Net Assets$7,685,436
Open 2020 Filing

Operations Trend

Revenue Growth60th 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

2020

Revenue$41,089,783
Expenses$36,115,922
Net Income$4,973,861
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Dec 16, 2020
Return Version
2019v5.1
Gross Receipts
$41,131,440
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 kindergarten through 12th grade students with a special focus on math, science and technology.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$58,646,106$59,188,731▲ $542,625
Cash and Non-Interest-Bearing Accounts$7,309,350$8,812,133▲ $1,502,783
Savings and Temporary Cash Investments$7,867,426$8,098,519▲ $231,093
Accounts Receivable$63,585--
Prepaid Expenses and Deferred Charges$795--
Total Assets$74,533,987$79,192,054▲ $4,658,067
Other Assets Total$646,725$3,092,671▲ $2,445,946
Liabilities
Mortgage Notes Payable Secured by Investment Property$68,942,222$68,487,271▼ $454,951
Other Liabilities$2,220,910$2,264,063▲ $43,153
Accounts Payable and Accrued Expenses$659,280$705,313▲ $46,033
Deferred Revenue-$49,971-
Total Liabilities$71,822,412$71,506,618▼ $315,794
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,711,575$7,685,436▲ $4,973,861
Total Net Assets Fund Balance$2,711,575$7,685,436▲ $4,973,861
Total Liabilities and Net Assets / Fund Balance$74,533,987$79,192,054▲ $4,658,067

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$46,191,039$4,564,757$50,755,796
Land$8,744,843-$8,744,843
Equipment$2,579,895$3,461,127$6,041,022
Leasehold Improvements$1,672,954$3,011,760$4,684,714
Compensation and Service Providers
Top Officer Pay19th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Ismail Hakki KaramanCEOFT$155,859$31,715$187,574
Zayn AkChief Academic OfficerFT$116,877$25,828$142,705
Ismail UnlusoyRegional Executive DirectorFT$113,200$28,060$141,260
Erkan DerinDirector of OperationsFT$110,336$26,183$136,519
Vedat DoganCFOFT$107,554$25,469$133,023
Onur GokceDirector of ItFT$105,837$6,454$112,291

Board Members and Trustees

NameTitle
Dr Musa SubasiBoard President
Cathyann AndrewsDirector
Claudia ChangDirector
Dr Mustafa SefikDirector
Lutfi onDirector
Spear LancasterDirector
Major Pete SmithDirector as of 4/2020
Dr Donika PlykuDirector Until 12/2019
Francis HawkinsSecretary
Erika KellyTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Abm Cleaning ServicesCleaning ServicesPO BOX 419860, Boston, MA 02241$689,858
Carlos MirandaMowing/snow Removal/repairs715 CROSBY ROAD, Catonsville, MD 21228$494,468
Play On CourtsTurf Field/gym BleachersPO BOX 846, Dalton, GA 30722$258,613
Lonergans Charter Service INCBus TransportationPO BOX 21108, Millersville, MD 21108$253,759
Master Care FlooringGym Floors4000 COOLIDGE AVENUE SUITE G, Baltimore, MD 21229$117,871
Revenue and Support

Revenue Composition

Contributions and Grants
$17,705
Program Service Revenue
$40,973,066
Investment Income
$88,012
Other Revenue
$11,000
All Other Contributions
$17,705
Change in Net Assets
$4,973,861

Audited Revenue Reconciliation

Revenue per Audited Statements
$41,089,783
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$41,089,783
Total Revenue per Form 990
$41,089,783
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$23,553,622
Other Expenses$12,562,300
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$14,988,363$3,747,091-$18,735,454
Interest$3,867,764$848,482-$4,716,246
Occupancy$2,555,896$638,974-$3,194,870
Other Employee Benefits$2,246,415$561,603-$2,808,018
Depreciation Depletion$1,588,667$397,167-$1,985,834
Payroll Taxes$1,115,324$278,831-$1,394,155
Office Expenses$200,074$182,633-$382,707
Current Officers, Directors, Trustees, and Key Employees$257,414$64,354-$321,768
Pension Plan Contributions$235,382$58,845-$294,227
Fees for Services Other$248,754$41,689-$290,443
Insurance$84,760$21,190-$105,950
Other Expenses$51,742$12,935-$64,677
Fees for Services Accounting-$54,000-$54,000
All Other Expenses$21,940$11,074-$33,014
Conferences and Meetings$20,674$5,168-$25,842
Fees for Services Legal-$23,092-$23,092
Information Technology-$4,591-$4,591
Travel$2,672$668-$3,340
Advertising$1,565$343-$1,908
Total Functional Expenses$29,039,007$7,076,915$0$36,115,922

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$36,115,922
Total Expenses per Audited Statements$36,115,922
Total Expenses per Form 990$36,115,922
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

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Ismail Hakki KaramanCEOISMAIL HAKKI KARAMAN'S WIFE IS A PART-TIME EMPLOYEE OF THE FOUNDATION.No$21,736
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Interest$1,927,570
Deferred Rent$336,493

Bond Issues

BondIssuerIssuedIssue PricePurpose
APRINCE GEORGE'S COUNTY MARYLAND2015-11-04$34,195,000To retire the previous bonds, building loans, new hvac system, & imrovements
BPRINCE GEORGE'S COUNTY MARYLAND2016-12-01$21,055,000Pay in full outstanding building loan & construction of cmit academy high
CPRINCE GEORGE'S COUNTY MARYLAND2018-11-07$14,650,000To retire the previous bonds & building loans for cmit south elementary

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$34,195,000---
B$21,055,000---
C$14,650,000---

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
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 35% controlled entity
No
Business relationship with family members
Yes
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
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 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 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
Chief Executive Officer
Phone
3017762300
Signed
2020-12-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ismail Hakki Karaman
Formed
2003
Legal Domicile
Md
Voting Board Members
9
Independent Board Members
9
Employees
164
Volunteers
10

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 three charter schools under the names chesapeake science point charter school, llc, chesapeake math & it academy north ("cmit north"), which includes chesapeake math & it academy elementary ("cmit elementary"), and chesapeake math & it academy south ("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:

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

Raw XML AppendixShowing 400 of 711 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/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1031715
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1125469
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1225828
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1328060
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1426183
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt156454
IRS990/Form990PartVIISectionAGrp/PersonNm0DR MUSA SUBASI
IRS990/Form990PartVIISectionAGrp/PersonNm1ERIKA KELLY
IRS990/Form990PartVIISectionAGrp/PersonNm2FRANCIS HAWKINS
IRS990/Form990PartVIISectionAGrp/PersonNm3SPEAR LANCASTER
IRS990/Form990PartVIISectionAGrp/PersonNm4DR MUSTAFA SEFIK
IRS990/Form990PartVIISectionAGrp/PersonNm5CLAUDIA CHANG
IRS990/Form990PartVIISectionAGrp/PersonNm6CATHYANN ANDREWS
IRS990/Form990PartVIISectionAGrp/PersonNm7LUTFI ON
IRS990/Form990PartVIISectionAGrp/PersonNm8MAJOR PETE SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm9DR DONIKA PLYKU
IRS990/Form990PartVIISectionAGrp/PersonNm10ISMAIL HAKKI KARAMAN
IRS990/Form990PartVIISectionAGrp/PersonNm11VEDAT DOGAN
IRS990/Form990PartVIISectionAGrp/PersonNm12ZAYN AK
IRS990/Form990PartVIISectionAGrp/PersonNm13ISMAIL UNLUSOY
IRS990/Form990PartVIISectionAGrp/PersonNm14ERKAN DERIN
IRS990/Form990PartVIISectionAGrp/PersonNm15ONUR GOKCE
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
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/ReportableCompFromOrgAmt10155859
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt11107554
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt12116877
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt13113200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt14110336
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt15105837
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/TitleTxt0BOARD PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR AS OF 4/2020
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR UNTIL 12/2019
IRS990/Form990PartVIISectionAGrp/TitleTxt10CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt11CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt12CHIEF ACADEMIC OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt13REGIONAL EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR OF OPERATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR OF IT
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02003
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt0-21657
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt020000
IRS990/GrossReceiptsAmt041131440
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt06
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt04591
IRS990/InformationTechnologyGrp/TotalAmt04591
IRS990/InsuranceGrp/ManagementAndGeneralAmt021190
IRS990/InsuranceGrp/ProgramServicesAmt084760
IRS990/InsuranceGrp/TotalAmt0105950
IRS990/InterestGrp/ManagementAndGeneralAmt0848482
IRS990/InterestGrp/ProgramServicesAmt03867764
IRS990/InterestGrp/TotalAmt04716246
IRS990/InvestmentIncomeGrp/ExclusionAmt0109669
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0109669
IRS990/InvestmentInJointVentureInd00
IRS990/InvestTaxExemptBondsInd00
IRS990/IRPDocumentCnt0137
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt011037644
IRS990/LandBldgEquipBasisNetGrp/BOYAmt058646106
IRS990/LandBldgEquipBasisNetGrp/EOYAmt059188731
IRS990/LandBldgEquipCostOrOtherBssAmt070226375
IRS990/LegalDomicileStateCd0MD
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt041657
IRS990/LoanOutstandingInd00
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/BOYAmt068942222
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt068487271
IRS990/NetAssetsOrFundBalancesBOYAmt02711575
IRS990/NetAssetsOrFundBalancesEOYAmt07685436
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-21657
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-21657
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt02711575
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt07685436
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0638974
IRS990/OccupancyGrp/ProgramServicesAmt02555896
IRS990/OccupancyGrp/TotalAmt03194870
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0182633
IRS990/OfficeExpensesGrp/ProgramServicesAmt0200074
IRS990/OfficeExpensesGrp/TotalAmt0382707
IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0646725
IRS990/OtherAssetsTotalGrp/EOYAmt03092671
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0561603
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt02246415
IRS990/OtherEmployeeBenefitsGrp/TotalAmt02808018
IRS990/OtherExpensesGrp/Desc0INSTRUCTIONAL MATERIALS
IRS990/OtherExpensesGrp/Desc1REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc2BUS TRANSPORTATION
IRS990/OtherExpensesGrp/Desc3EQUIPMENT
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0124185
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt112935
IRS990/OtherExpensesGrp/ProgramServicesAmt0844810
IRS990/OtherExpensesGrp/ProgramServicesAmt1496739
IRS990/OtherExpensesGrp/ProgramServicesAmt2210052
IRS990/OtherExpensesGrp/ProgramServicesAmt351742
IRS990/OtherExpensesGrp/TotalAmt0844810
IRS990/OtherExpensesGrp/TotalAmt1620924
IRS990/OtherExpensesGrp/TotalAmt2210052
IRS990/OtherExpensesGrp/TotalAmt364677
IRS990/OtherLiabilitiesGrp/BOYAmt02220910
IRS990/OtherLiabilitiesGrp/EOYAmt02264063
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0CASHBACK REWARDS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt011000
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt011000
IRS990/OtherRevenueTotalAmt011000
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt03747091
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt014988363
IRS990/OtherSalariesAndWagesGrp/TotalAmt018735454
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0278831
IRS990/PayrollTaxesGrp/ProgramServicesAmt01115324
IRS990/PayrollTaxesGrp/TotalAmt01394155
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt058845
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0235382
IRS990/PensionPlanContributionsGrp/TotalAmt0294227
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0795
IRS990/PrincipalOfficerNm0ISMAIL HAKKI KARAMAN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/BusinessCd2611710
IRS990/ProgramServiceRevenueGrp/BusinessCd3611710
IRS990/ProgramServiceRevenueGrp/Desc0PER PUPIL FUNDING
IRS990/ProgramServiceRevenueGrp/Desc1ENRICHMENT FEES
IRS990/ProgramServiceRevenueGrp/Desc2STUDENT ACTIVITY FEES
IRS990/ProgramServiceRevenueGrp/Desc3VENDING MACHINE REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt040053834
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1913157
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt24000
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt32075
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt040053834
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1913157
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt24000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt32075
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0946119
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0203911
IRS990/PYOtherExpensesAmt015138433
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt037700390
IRS990/PYRevenuesLessExpensesAmt02861997
IRS990/PYSalariesCompEmpBnftPaidAmt020849990
IRS990/PYTotalExpensesAmt035988423
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt038850420
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt04973861
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt040984066
IRS990/SavingsAndTempCashInvstGrp/BOYAmt07867426
IRS990/SavingsAndTempCashInvstGrp/EOYAmt08098519

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$79,192,054
Liabilities
$71,506,618
Net assets
$7,685,436
Revenue
$41,089,783
Expenses
$36,115,922
Net income
$4,973,861
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
2020Detailed filing. Detailed filing data is available for this year.$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
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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