Middlesex County Stem Charter School

Nonprofit profile at a glance

EIN
824816745
IRS 990 coverage
2018–2024
Forms available
Form 990 2024
Location
Perth Amboy, NJ, USA
Phone
8482421818
Rating
82
Verdict
STRONG
Rating confidence
Moderate
Sector
Charter Schools

Reported finances

Revenue
$16,396,709
Expenses
$14,018,027
Assets
$5,348,458
Liabilities
$535,779

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

9 people listed

Executive titles in this filing

  • Mr Namik Sercan (CEO)
  • Mrs Jackie Lewis (President)
  • Mr Anthony Attanasio (Vice President)

Highest reported compensation

  • Mr John Tozan (Director of Operationa): $104,342 total reported compensation
  • Mr Namik Sercan (CEO): $98,550 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

MIDDLESEX COUNTY STEM CHARTER SCHOOL provides a full range of services appropriate to the elementary grades. These services include regular, as well as, special education and basic skills instruction. The Charter School completed its 6th year of operation for the 2023-2024 school year.

What it reported doing in 2024

MIDDLESEX COUNTY STEM CHARTER SCHOOL provides a full range of instructional services appropriate to students.These services include regular, but not limited to college prep instruction, English lnguage learners and remedial instructionspecial education and basic skills instruction. The Charter School completed its 6th year of operation for the 2023-2024 school year.

Operating model

Revenue model
Affiliate-supported. 98% of the money available for current operations came from contributions from related organizations.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 68
  • Transparency & Controls: 90
  • Accountability: 100
  • Sustainability: 57
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 72.5%; rating input score 72
  • Program expense ratio: 84.7%; rating input score 85
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 14.5%; rating input score 76; 76th percentile among comparable filings
  • Total-asset coverage ratio: 0.38; rating input score 11; 11th percentile among comparable filings
  • Liabilities to assets ratio: 0.1; rating input score 74; 74th percentile among comparable filings
  • Officer compensation ratio: 1.4%; rating input score 81; 81st percentile among comparable filings

Growth

  • Program expense growth: 37.4% per year; rating input score 100; 97th percentile among comparable filings
  • Revenue growth: 33.9% per year; rating input score 100; 97th percentile among comparable filings
  • Asset growth: 31.2% per year; rating input score 100; 96th percentile among comparable filings

Details

  • Where the money goes: 72.5% of revenue deployed · 84.7% of spending went to programs
  • Governance: 6 of 6 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $11.9M in reported program spending
  • Leadership: top reported pay $104K · 9 people listed
  • Consistency: 19 of 19 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 7 filing years from 2018 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Total-asset coverage ratio scored 11/100.