2024-05-06T09:46:05-04:00 2023-06-30 273263553 GALLEROS ROBINSON 115 DAVIS STATION RD CREAM RIDGE NJ 08514 990 2022-07-01 463252777 MPT FACILITY INC MPTF 9736210015 125 SUSSEX AVENUE NEWARK NJ 07103 REV GARVEY INCE EXECUTIVE DIRECTOR 9736210015 2024-05-06 REV GARVEY INCE 999009999 false LEONORA GALLEROS P00181670 6469210400 2024-05-06 2022 2023-04-26 12:10:37Z REV GARVEY INCE 2652437 false X N/A X 2013 NJ THE MPT FACILITY, INC. WAS ORGANIZED EXCLUSIVELY, FOR THE BENEFIT OF, OR TO CARRY OUT THE PURPOSES OF THE FRIENDS OF MARION P. THOMAS CHARTER SCHOOL, A 501(C)(3). IN PARTICULAR, THE ORGANIZATION SHALL PURCHASE, HOLD TITLE TO, IMPROVE, DEVELOP, CONSTRUCT, RENOVATE, OPERATE, LEASE OR OTHERWISE MANAGE EDUCATIONAL FACILITIES FOR LEASE BY FRIENDS OF MPTCS. 3 3 0 0 1574338 1577236 2578000 1068000 39 7201 0 4152377 2652437 0 0 0 0 0 4002705 3982944 4002705 3982944 149672 -1330507 28389860 28350313 37855136 39146096 -9465276 -10795783 X MPT FACILITY, INC. ("MPT FACILITY"), A NEW JERSEY NON-PROFIT CORPORATION WAS ESTABLISHED TO ASSIST FRIENDS OF MARION P. THOMAS AND THE MARION P. THOMAS SCHOOL IN THE DEVELOPMENT AND FINANCING OF PUBLIC SCHOOL FACILITIES. false false 3270632 1068000 MPT FACILITY PROVIDED THE MARION P. THOMAS CHARTER SCHOOL WITH A NEW STATE-OF-THE-ART BUILDINGS FOR ITS CHARTER SCHOOL OPERATIONS AT SUSSEX AVE. NEWARK, NJ. THE SCHOOL FACILITIES MEET THE REQUIREMENTS OF THE CHARTER SCHOOL TO PROVIDE A SUITABLE SCHOOL ENVIRONMENT FOR ITS HIGHSCHOOL STUDENTS. THROUGHOUT 2023, MPT FACILITY MAINTAINED THE BUILDING AND CARRIED OUT NECESSARY INSPECTIONS, REPAIRS AND MET COMPLIANCE WITH BUILDING CODES APPLICABLE TO SCHOOLS. 3270632 true true false false false false false false false false true false false true true true false true false false false false false false false false false false false false true false false false false false false false false false false false false false false false true false false false true 0 0 0 false false false false false false false false false false false false X 3 3 false false false false false false false true true false false true true true true true true true true false NJ X X REV GARVEY INCE 9736210060 125 SUSSEX AVENUE NEWARK NJ 07103 REV GARVEY INCE EXECUTIVE DI 20.00 40.00 X 0 125000 5167 ERNESTINE WATSON BOARD MEMBER 1.00 X 0 0 0 BRIAN HANKERSON BOARD MEMBER 1.00 X 0 0 0 MELVINEA WILLIAMS BOARD MEMBER 1.00 X 0 0 0 125000 5167 false false false 1577236 1577236 SCHOOL FACILITIES LEASE 531390 1068000 1068000 1068000 7201 7201 2652437 1068000 7201 2135632 2135632 1847312 1135000 712312 3982944 3270632 712312 0 656110 387762 4960 28166994 5182109 23632649 22984885 4096141 4977666 28389860 28350313 417375 417375 155960 31780000 32915000 5657761 5657761 37855136 39146096 X -9465276 -10795783 -9465276 -10795783 28389860 28350313 -1330507 X X false true X true false X 1560982 1567243 1582147 1574338 1577236 7861946 811620 945810 1080000 2578000 1068000 6483430 2372602 2513053 2662147 4152338 2645236 14345376 14345376 2502 3580 60 39 7201 13382 2502 3580 60 39 7201 13382 2375104 2516633 2662207 4152377 2652437 14358758 0.99910 0.99950 0.00000 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2256461 2256461 25910533 5182109 20728424 22984885 DUE FROM FRIENDS OF MPTCS 3874055 DEFERRED COSTS 710026 BOND SUBSIDY RECEIVABLE 393585 4977666 DIRECT LOANS PAYABLE 5500000 DUE TO REAL ESTATE HOLDINGS, INC. 157761 5657761 X SCHEDULE D, PAGE 3, PART X THE FRIENDS RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE-LIKELY-THAN-NOT BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. MANAGEMENT HAS DETERMINED THAT THE FRIENDS HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION. THE FRIENDS ARE NO LONGER SUBJECT TO AUDITS BY THE APPLICABLE TAXING JURISDICTIONS FOR TAX PERIODS PRIOR TO 2020. A NEW JERSEY ECONOMIC DEVELOPMENT AUT 2014-05-30 35000000 FINANCE ACQUISITION PROPERTY CONSTRUCTION OF SCHOOL FACILITY AT SUSSEX AVE. false false false A 35000000 639907 1813263 1290958 28110559 2015 false false false false A false false false false false false false A false false false false false false false false false A false PURPOSE OF ISSUE DESCRIPTION NEW JERSEY ECONOMIC DEVELOPMENT AUTH FINANCE ACQUISITION PROPERTY CONSTRUCTION OF SCHOOL FACILITY AT SUSSEX AVE. FORM 990 - ORGANIZATION'S MISSION MPT FACILITY, INC. ("MPT FACILITY"), A NEW JERSEY NON-PROFIT CORPORATION WAS ESTABLISHED TO ASSIST FRIENDS OF MARION P. THOMAS AND THE MARION P. THOMAS SCHOOL IN THE DEVELOPMENT AND FINANCING OF PUBLIC SCHOOL FACILITIES. FORM 990, PAGE 6, PART VI, LINE 11B THE DRAFT FORM 990 IS PROVIDED BY MANAGEMENT TO BOARD MEMBERS VIA E-MAIL FOR A DETAIL REVIEW. COMMENTS AND CHANGES FROM THE MEMBERS ARE INCORPORATED INTO THE FORM 990. THE REVISED DRAFT FORM 990 IS PROVIDED TO THE BOARD MEMBERS VIA E-MAIL FOR REVIEW AND APPROVAL PRIOR TO FILING. FORM 990, PAGE 6, PART VI, LINE 12C OFFICERS AND MEMBERS OF THE BOARD ARE REQUIRED TO COMPLETE AN ANNUAL DISCLOSURE FORM OF CONDITION OR SITUATION THAT COULD GIVE RISE TO CONFLICT OF INTEREST. DISCLOSURES ARE REVIEWED BY THE BOARD FOR COMPLIANCE WITH POLICY. IF A CONFLICT IS NOTED, THE MEMBER OF THE BOARD WILL NOT BE ALLOWED TO VOTE ON THE MATTER RELATED TO THE CONFLICT OF INTEREST NOTED. FORM 990, PAGE 6, PART VI, LINE 15A ALTHOUGH NO COMPENSATION IS PAID TO THE OFFICERS OF THE ORGANIZATION, THE BOARD HAS A STANDING POLICY OF REVIEWING ALL COMPENSATION, BASIS OF SUCH COMPENSATION AND DATA FROM COMPARABLE ORGANIZATION. FORM 990, PAGE 6, PART VI, LINE 15B ALTHOUGH NO COMPENSATION IS PAID TO THE OFFICERS OF THE ORGANIZATION, THE BOARD HAS A STANDING POLICY OF REVIEWING ALL COMPENSATION, BASIS OF SUCH COMPENSATION AND DATA FROM COMPARABLE ORGANIZATION. FORM 990, PAGE 6, PART VI, LINE 19 ALTHOUGH NO COMPENSATION IS PAID TO THE OFFICERS OF THE ORGANIZATION, THE BOARD HAS A STANDING POLICY OF REVIEWING ALL COMPENSATION, BASIS OF SUCH COMPENSATION AND DATA FROM COMPARABLE ORGANIZATION. FORM 990, PAGE 12, PART XII, LINE 2C THE PROCESS DID NOT CHANGE FROM PRIOR YEAR. THE FRIENDS OF MARION PTHOMAS CHAR 370 S 7TH STREET NEWARK NJ 07103 020731318 TO PROVIDE NJ 501C3 10 N/A false MARION P THOMAS CHARTER SCHOOL 370 S 7TH STREET NEWARK NJ 07103 223531113 CHARTER SC NJ 501C3 10 N/A false false false false true false false false false false true false false false false true false false false false MARION P THOMAS CHARTER SCHOOL J 1068000 LEASE CONTRACT FRIENDS OF MARION P THOMAS CHARTER D 466132 INTEREST EXPENSE