Middlesex County Stem Charter School FY2020 filing

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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.

501(c)(3) charity; gifts are tax-deductible.
65¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $850K a year · 10% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
65%
of spending
Fine: 65% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
2 mo
of spending, in cash
Fine: 2.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $371K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$286K
43% of total assets
Looks good: liabilities are 43% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.8M
Spent
$2.4M
To programs
65%
Net assets
$387K
By yearFY2020–FY2025
Revenue
$2.8M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$2.8M
FY2021$4.0M
FY2022$5.6M
FY2023$7.8M
FY2024$11.9M
FY2025$16.4M
Expenses
$2.4M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$2.4M
FY2021$2.9M
FY2022$5.0M
FY2023$7.1M
FY2024$12.2M
FY2025$14.0M
Net assets
$387K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$387K
FY2021$1.5M
FY2022$1.9M
FY2023$2.6M
FY2024$2.4M
FY2025$4.8M

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 2020.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

65 cents of each dollar spent went to programs.

Program services 65% · $1.6M Management & general 35% · $830K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
Pres-Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Mr John Tozan’s $104K as Director of Operationa is at the 3rd percentile of top reported officer pay among 3683 $10–100M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2025FY2024FY2023
Mr John Tozan$104,342——
Mr Namik Sercan$98,550$96,181—
Dr Namik Sercan——$92,000
Ms Fiona Daubon—$45,000$50,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Middlesex County Stem Charter School executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Middlesex County Stem Charter School is an education nonprofit based in Perth Amboy, NJ, formed in 2018.

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Provided by the organization

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1 program · $1.6M · in their own filed words · FY2019
01

Middlesex County Stem Charter School provides a full range of services appropriate to Grades Kindergarten thru Grade 3. These services include regular, as well as special education and basic skills instruction. The Charter School completed its first year of operation for the 2019-2020 school year with an enrollment of 198 students.

$1.6Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$371K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$2.8M
Ln 12
Gifts and grantsLn 1h$2.4M
Fees for servicesLn 2g$479K
Money outPt IX
$2.4M
Ln 25
Programscol B$1.6M
Managementcol C$830K
Owns and owesPt X
$387K
net assets · Ln 32
Cash and savingsLn 1–2$392K
Total assetsLn 16$674K
LiabilitiesLn 26$286K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.4M
Government grantsLn 1e$2.3M
Fees for servicesLn 2g$479K
Gains on assetsLn 7$0
Total revenueLn 12$2.8M
Assets in detailPt X, end of year
CashLn 1$392K
SavingsLn 2$0
Cash and savings togetherLn 1–2$392K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$27K
Other assetsLn 15$0
Total assetsLn 16$674K
LiabilitiesLn 26$286K
Net assetsLn 32$387K
OperationsPt I, VI
EmployeesI 5169
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$10K$392K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$36K$27K
Total assetsLn 16$230K$674K
LiabilitiesLn 26$283K$286K
Net assetsLn 32−$53K$387K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$131K$131K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$1.1M$756K$314K
Pension plan contributionsLn 8$53K$36K$17K
Other employee benefitsLn 9$182K$123K$59K
Payroll taxesLn 10$35K$24K$12K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$22K$22K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$113K$60K$53K
Advertising and promotionLn 12$0
Office expensesLn 13$323K$274K$49K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$444K$300K$144K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$917$917
InterestLn 20$1K$1K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$9K$9K
InsuranceLn 23$19K$19K
All other expensesLn 24e$0
Total functional expensesLn 25$2.4M$1.6M$830K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $16.4M$14.0M$2.4M$4.8M 990 PDF
FY2024 $11.9M$12.2M−$232K$2.4M 990 PDF
FY2023 $7.8M$7.1M$737K$2.6M 990 PDF
FY2022 $5.6M$5.0M$629K$1.9M 990 PDF
FY2021 $4.0M$2.9M$1.1M$1.5M 990 PDF
FY2020 Viewing $2.8M$2.4M$440K$387K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $2,842,452 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,191,912$2,363,308
I-9 Program service revenue$479,144
I-10 Investment income$0
I-11 Other revenuePrior year −$12,629$0
I-12 Total revenuePrior year $1,179,283$2,842,452
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $769,989$1,470,610
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $462,268$931,585
I-18 Total expensesPrior year $1,232,257$2,402,195
I-19 Revenue less expensesPrior year −$52,974$440,257
Part VI · Governance 5 of 5 board members independent, 3 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,842,452 across 10 lines filed
VIII-1e Government grants$2,301,096
VIII-1f All other contributions, gifts and grants$62,212
VIII-1h Total contributions, gifts and grants$2,363,308
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $479,144$479,144
VIII-3 Investment income$0
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $479,144$2,842,452
Part IX · Statement of functional expenses $2,402,195 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffManagement $130,940$130,940
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $756,223 · Management $313,655$1,069,878
IX-8 Pension plan contributionsPrograms $35,635 · Management $17,119$52,754
IX-9 Other employee benefitsPrograms $122,639 · Management $58,914$181,553
IX-10 Payroll taxesPrograms $23,970 · Management $11,515$35,485
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $21,675$21,675
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $59,939 · Management $52,985$112,924
IX-12 Advertising and promotion$0
IX-13 Office expensesPrograms $273,501 · Management $49,466$322,967
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $300,151 · Management $144,188$444,339
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsManagement $917$917
IX-20 InterestManagement $1,162$1,162
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationManagement $8,971$8,971
IX-23 InsuranceManagement $18,630$18,630
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $1,572,058 · Management $830,137 · Fundraising $0$2,402,195
Part X · Balance sheet $673,567 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $9,932$391,597
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivableStart of year $53,353$0
X-4 Accounts receivableStart of year $114,612$238,905
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $16,150$16,150
X-10c Land, buildings and equipment, netStart of year $35,886$26,915
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $229,933$673,567
X-17 Accounts payable and accrued expensesStart of year $262,823$77,798
X-24 Unsecured notes and loans payable$208,486
X-26 Total liabilitiesStart of year $282,907$286,284
X-27 Net assets without donor restrictionsStart of year −$52,974$387,283
X-32 Total net assets or fund balancesStart of year −$52,974$387,283
X-33 Total liabilities and net assetsStart of year $229,933$673,567
Part XI · Reconciliation of net assets $387,283 net assets at year end
XI-1 Total revenue$2,842,452
XI-2 Total expenses$2,402,195
XI-3 Revenue less expenses$440,257
XI-4 Net assets at start of year−$52,974
XI-10 Net assets at end of year$387,283

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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