Form 990 for tax year 2024
Filed by TRIAD MATH AND SCIENCE ACADEMY COMPANY.
Totals
- Total revenue
- $64,646,722
- Total expenses
- $61,693,092
- Contributions and grants received
- $58,850,081
- Grants paid
- $0
- Program service revenue
- $3,780,888
- Investment income
- $292,302
- Other revenue
- $1,723,451
- Total assets, end of year
- $25,062,634
- Total liabilities, end of year
- $339,783
- Net assets or fund balances, end of year
- $24,722,851
- Program services expenses (Part IX)
- $46,192,518
- Management and general expenses
- $15,500,574
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $46,192,518
Program services were 74.9% 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.
-
1c · Fundraising events
$26,475
-
1e · Government grants (contributions)
$58,816,847
-
1f · All other contributions, gifts and grants
$6,759
-
2a · Program service revenue: ADMINISTRATIVE FEES
total $2,913,154 · related or exempt $2,913,154
-
2b · Program service revenue: SCHOOL PROGRAMS & ACTIVITIES
total $799,519 · related or exempt $799,519
-
2c · Program service revenue: BEFORE & AFTER SCHOOL
total $68,215 · related or exempt $68,215
-
3 · Investment income
total $292,302 · excluded $292,302
-
6a · Gross rents
real property $96,985
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $96,985
-
6d · Net rental income or loss
total $96,985 · related or exempt $96,985
-
8a · Fundraising events: gross income
$0
-
8a · Fundraising events: contributions included on line 1c
$26,475
-
8b · Fundraising events: direct expenses
$13,331
-
8c · Net income from fundraising events
total -$13,331 · excluded -$13,331
-
11a · Other revenue: MISCELLANEOUS
total $1,510,490 · related or exempt $1,510,490
-
11b · Other revenue: SALES TAX
total $129,307 · related or exempt $129,307
-
11e · Other revenue, total
$1,639,797
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $241,082 · program services $180,509 · management and general $60,573
-
7 · Other salaries and wages
total $30,294,300 · program services $22,682,766 · management and general $7,611,534
-
8 · Pension plan contributions
total $955,658 · program services $715,546 · management and general $240,112
-
9 · Other employee benefits
total $4,735,932 · program services $3,546,015 · management and general $1,189,917
-
10 · Payroll taxes
total $2,266,402 · program services $1,696,962 · management and general $569,440
-
11b · Fees: legal
total $434,093 · program services $325,026 · management and general $109,067
-
11c · Fees: accounting
total $2,445,393 · program services $1,830,981 · management and general $614,412
-
11g · Fees: other
total $3,731,111 · program services $2,793,658 · management and general $937,453
-
12 · Advertising and promotion
total $67,134 · program services $50,266 · management and general $16,868
-
14 · Information technology
total $707,062 · program services $529,411 · management and general $177,651
-
16 · Occupancy
total $7,624,174 · program services $5,708,577 · management and general $1,915,597
-
17 · Travel
total $399,853 · program services $299,389 · management and general $100,464
-
19 · Conferences, conventions and meetings
total $354,190 · program services $265,199 · management and general $88,991
-
22 · Depreciation, depletion and amortization
total $608,935 · program services $455,938 · management and general $152,997
-
23 · Insurance
total $234,180 · program services $175,342 · management and general $58,838
-
24a · Other expenses: ADMIN. SERVICES
total $2,302,201 · program services $1,723,766 · management and general $578,435
-
24b · Other expenses: NONCAP. EQUIP.
total $2,014,341 · program services $1,508,232 · management and general $506,109
-
24c · Other expenses: BOOKS & SUPPLIES
total $1,922,855 · program services $1,439,732 · management and general $483,123
-
24d · Other expenses: NUTRITION
total $354,196 · program services $265,203 · management and general $88,993
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $4,150,901 · end of year $5,568,259
-
2 · Savings and temporary cash investments
beginning of year $8,532,280 · end of year $9,824,583
-
4 · Accounts receivable
beginning of year $771,622 · end of year $1,435,316
-
9 · Prepaid expenses and deferred charges
end of year $3,535
-
10a · Land, buildings and equipment: cost or other basis
$13,274,217
-
10b · Land, buildings and equipment: accumulated depreciation
$5,043,276
-
10c · Land, buildings and equipment, net
beginning of year $8,634,617 · end of year $8,230,941
-
17 · Accounts payable and accrued expenses
beginning of year $273,947 · end of year $339,783
-
27 · Net assets without donor restrictions
beginning of year $21,815,473 · end of year $24,722,851
Mission and programs · 2024
Mission
OPERATION OF PUBLIC CHARTER SCHOOLS.
-
OPERATED FOUR PUBLIC CHARTER SCHOOLS IN NORTH CAROLINA: TRIAD MATH AND SCIENCE ACADEMY, THE MATH AND SCIENCE ACADEMY OF APEX, THE MATH AND SCIENCE ACADEMY OF CHARLOTTE, AND TRIANGLE MATH AND SCIENCE ACADEMY, SERVING APPROXIMATELY 5,138 STUDENTS FOR THE FISCAL YEAR ENDING JUNE 30, 2025.
Expenses $46,192,518 · Revenue $5,517,670
As filed on the 2024 return.
Listed in Part VII
-
Victor Ofori-BoaduVICTOR OFORI-BOADU
PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Mir NugmanovMIR NUGMANOV
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Salih TuncerSALIH TUNCER
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Victor NadbitovVICTOR NADBITOV
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Fahrudin MekicFAHRUDIN MEKIC
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Dr Terrence ThomasDR TERRENCE THOMAS
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Carlos HernanadezCARLOS HERNANADEZ
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Ben KaradumanBEN KARADUMAN
SUPERINTENDENT
- Total calculated
- $241,082
- From this org
- $241,082
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $225,952
- Bonus
- $0
- Other
- $15,130
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $241,082
-
Fatih KandilFATIH KANDIL
TMSA-TRIAD PRINCIPAL
- Total calculated
- $179,050
- From this org
- $179,050
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $151,520
- Bonus
- $0
- Other
- $27,530
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $179,050
-
Diana GunesgorDIANA GUNESGOR
TMSA-TRIAD PRINCIPAL
- Total calculated
- $170,059
- From this org
- $170,059
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $147,446
- Bonus
- $0
- Other
- $22,613
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $170,059
-
Eray IdilERAY IDIL
DEPUTY SUPERINTENDENT
- Total calculated
- $169,727
- From this org
- $169,727
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $155,401
- Bonus
- $0
- Other
- $14,326
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $169,727
-
Serdar YuksekkayaSERDAR YUKSEKKAYA
TMSA-APEX PRINCIPAL
- Total calculated
- $165,031
- From this org
- $165,031
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $152,848
- Bonus
- $0
- Other
- $12,183
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $165,031
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
- 3 · Approval by the board or compensation committee
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.
-
TRIAD EDUCATIONAL SERVICES INC
501(C)(3) · ED SVCS · NC
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 17 April 2026
- IRS schema version
- 2024v5.5
- Source object
- 202601109349301425
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