Skip to content
Nonprofiteer
← TRIAD MATH AND SCIENCE ACADEMY COMPANY

Form 990 for tax year 2022

Filed by TRIAD MATH AND SCIENCE ACADEMY COMPANY.

Totals

Total revenue
$46,727,230
Total expenses
$48,308,357
Contributions and grants received
$43,116,274
Grants paid
$0
Program service revenue
$3,097,731
Investment income
$137,259
Other revenue
$375,966
Total assets, end of year
$17,976,351
Total liabilities, end of year
$131,474
Net assets or fund balances, end of year
$17,844,877
Program services expenses (Part IX)
$33,294,118
Management and general expenses
$15,014,239
Fundraising expenses
$0
Program service expenses (Part III)
$33,294,118

Program services were 68.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $42,689,520

  • 1f · All other contributions, gifts and grants

    $426,754

  • 2a · Program service revenue: ADMINISTRATIVE FEES

    total $2,028,374 · related or exempt $2,028,374

  • 2b · Program service revenue: SCHOOL FOOD SERVICE

    total $783,915 · related or exempt $783,915

  • 2c · Program service revenue: SCHOOOL PROGRAMS & ACTIVITIES

    total $285,442 · related or exempt $285,442

  • 3 · Investment income

    total $137,259 · excluded $137,259

  • 6a · Gross rents

    real property $55,935

  • 6c · Rental income or loss

    real property $55,935

  • 6d · Net rental income or loss

    total $55,935 · related or exempt $55,935

  • 11a · Other revenue: MISCELANEOUS

    total $204,068 · related or exempt $204,068

  • 11b · Other revenue: SALES TAX

    total $115,963 · related or exempt $115,963

  • 11e · Other revenue, total

    $320,031

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $23,598,936 · program services $16,264,387 · management and general $7,334,549

  • 9 · Other employee benefits

    total $3,823,786 · program services $2,635,353 · management and general $1,188,433

  • 10 · Payroll taxes

    total $1,782,687 · program services $1,228,628 · management and general $554,059

  • 11b · Fees: legal

    total $317,564 · program services $218,865 · management and general $98,699

  • 11c · Fees: accounting

    total $24,210 · program services $16,686 · management and general $7,524

  • 11g · Fees: other

    total $5,990,593 · program services $4,128,716 · management and general $1,861,877

  • 12 · Advertising and promotion

    total $40,900 · program services $28,188 · management and general $12,712

  • 13 · Office expenses

    total $188,338 · program services $129,802 · management and general $58,536

  • 14 · Information technology

    total $605,561 · program services $417,353 · management and general $188,208

  • 16 · Occupancy

    total $5,256,668 · program services $3,622,895 · management and general $1,633,773

  • 17 · Travel

    total $758,011 · program services $522,421 · management and general $235,590

  • 21 · Payments to affiliates

    total $1,733,218 · program services $1,194,534 · management and general $538,684

  • 22 · Depreciation, depletion and amortization

    total $290,295 · program services $200,071 · management and general $90,224

  • 23 · Insurance

    total $137,848 · program services $95,005 · management and general $42,843

  • 24a · Other expenses: SUPPLIES

    total $1,631,803 · program services $1,124,639 · management and general $507,164

  • 24b · Other expenses: EQUIPMENT PURCHASE

    total $1,057,935 · program services $729,129 · management and general $328,806

  • 24c · Other expenses: REPAIRS AND MAINTENANCE

    total $521,112 · program services $359,150 · management and general $161,962

  • 24d · Other expenses: FOOD PURCHASES

    total $193,632 · program services $133,451 · management and general $60,181

  • 24e · All other expenses

    total $355,260 · program services $244,845 · management and general $110,415

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,544,807 · end of year $3,098,330

  • 2 · Savings and temporary cash investments

    beginning of year $8,700,914 · end of year $6,128,978

  • 4 · Accounts receivable

    beginning of year $224,308 · end of year $1,238,256

  • 10a · Land, buildings and equipment: cost or other basis

    $11,459,601

  • 10b · Land, buildings and equipment: accumulated depreciation

    $3,948,814

  • 10c · Land, buildings and equipment, net

    beginning of year $6,149,458 · end of year $7,510,787

  • 17 · Accounts payable and accrued expenses

    beginning of year $336,470 · end of year $41,474

  • 24 · Unsecured notes and loans payable

    beginning of year $57,639 · end of year $90,000

  • 27 · Net assets without donor restrictions

    beginning of year $19,225,378 · end of year $17,844,877

Mission and programs · 2022

Mission

OPERATION OF PUBLIC CHARTER SCHOOLS.

  • OPERATED FOUR PUBLIC CHARTER SCHOOLS IN NORTH CAROLINA, TRIAD MATH & SCIENCE ACADEMY AND TRIANGLE MATH & SCIENCE ACADEMY, SERVING APPROXIMATELY 3,819 STUDENTS FOR THE FISCAL YEAR ENDING JUNE 30, 2023.

    Expenses $33,294,118 · Revenue $3,097,731

As filed on the 2022 return.

Listed in Part VII

  • Bunyamin Karaduman

    SUPERINTENDE

    Total calculated
    $164,454
    From this org
    $141,659
    From related orgs
    $0
    Other
    $22,795
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $141,659
    Bonus
    not reported
    Other
    not reported
    Deferred
    $22,795
    Nontaxable benefits
    not reported
    Filer's total
    $164,454

  • Diane Gunesgor

    PRINCIPAL

    Total calculated
    $133,240
    From this org
    $107,956
    From related orgs
    $0
    Other
    $25,284
    Hours/week
    40

  • Faith Kandil

    PRINCIPAL

    Total calculated
    $127,611
    From this org
    $102,327
    From related orgs
    $0
    Other
    $25,284
    Hours/week
    40

  • Mithat Karabulut

    TRIANGLE PRI

    Total calculated
    $120,346
    From this org
    $110,556
    From related orgs
    $0
    Other
    $9,790
    Hours/week
    40

  • Eray Idil

    DEPUTY SUPER

    Total calculated
    $115,803
    From this org
    $112,153
    From related orgs
    $0
    Other
    $3,650
    Hours/week
    40

  • Carlton Cammon

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Marwa Cayli

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Dzhovid Dzhuraev

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Fahrudin Mekic

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Victor Nadbitov

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    1

  • Victor Ofori-Boadu

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Faith Oguz

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dr Terrence Thomas

    MEMBER

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
29 February 2024
IRS schema version
2022v5.0
Source object
202421919349301667

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.