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Friends of Marion P Thomas Charter School a New Jersey Nonprofit Corp

Friends of Marion P Thomas Charter School a New Jersey Nonprofit Corp

Newark, NJ
Tax ID02-0731318

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About this organization

Revenue

$5,115,079

Expenses

$3,440,968

Mission

To provide support, through assets and resources, for the Marion P. Thomas Charter School, support includes management of real estate assets and renovation relevant to school facilities, development of strategic plans to meet the projected growth of the charter school, and raise funds, through capital campaign for the purchase of additional facilitiess and/or for the renovation and maintenance of existing facilities.

About

Friends provided the Marion P. Thomas Charter School with well-maintained multiple buildings for its charter school operations. During FY 2015, five operating leases were executed between the friends and the charter school. The school facilities meet the requirements of the charter school to provide a suitable school environment for its 1,600 pre-k to high school children. Friends continue to explore development and expansion options in anticipation of the charter school's growing expansion needs. Throughout FY 2018, friends maintained the facilities and carried out necessary inspections, repairs and met compliance with building codes applicable to schools.

Interesting data from their 2019 990 filing

The non-profit's mission is outlined in the filing as being “Friends of marion p. thomas (friends) was incorporated for the purpose of providing support, through assets and resources, the academic, social and financial initiatives of newark students and families who are part of the marion p. thomas charter school.”.

When outlining its responsibilities, they were referred to as: “To provide support, through assets and resources, for the marion p. thomas charter school, support includes management of real estate assets and renovation relevant to school facilities, development of strategic plans to meet the projected growth of the charter school, and raise funds, through capital campaign for the purchase of additional facilitiess and/or for the renovation and maintenance of existing facilities.”.

  • The state in which the non-profit operates has been officially reported as NJ.
  • The filing reveals the non-profit's address in 2019 to be 370 SOUTH 7TH STREET, NEWARK, NJ, 07103.
  • As per the non-profit's form for 2019, they have 1 employees on their payroll.
  • Is not a private foundation.
  • Expenses are greater than $1,000,000.
  • Revenue is greater than $1,000,000.
  • Revenue less expenses is $1,674,111.
  • The organization has 10 independent voting members.
  • The organization was formed in 2004.
  • The organization pays $117,280 in salary, compensation, and benefits to its employees.
  • The organization pays $0 in fundraising expenses.

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