2025-05-12T21:53:20-04:00 2024-06-30 273263553 GALLEROS ROBINSON 115 DAVIS STATION RD CREAM RIDGE NJ 08514 990 2023-07-01 463252777 MPT FACILITY INC MPTF 9736210015 125 SUSSEX AVENUE NEWARK NJ 07103 WILLIE BLALOCK III PRESIDENT 9736210015 2025-05-05 true LEONORA GALLEROS P00181670 6469210400 2025-05-12 2023 2025-03-06 01:10:19Z WILLIE BLALOCK III 2797364 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. 5 5 0 5 0 1577236 1592266 1068000 1182280 7201 22818 0 2652437 2797364 0 0 0 0 0 3982944 3961004 3982944 3961004 -1330507 -1163640 28350313 27742335 39146096 39701758 -10795783 -11959423 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 3248692 1182280 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 2024, MPT FACILITY MAINTAINED THE BUILDING AND CARRIED OUT NECESSARY INSPECTIONS, REPAIRS AND MET COMPLIANCE WITH BUILDING CODES APPLICABLE TO SCHOOLS. 3248692 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 5 5 false false false false false false false true true false false true true true true true true true true false NJ X X WILLIE BLALOCK 9736210060 125 SUSSEX AVENUE NEWARK NJ 07103 X REV GARVEY INCE EXEC DIR UNT 20.00 40.00 X 0 125000 6561 WILLIE BLALOCK III PRESIDENT 1.00 2.00 X X 0 0 0 RICHARD VIESER 1ST VICE PRE 1.00 2.00 X X 0 0 0 EDWARD BUTLER 2ND VICE PRE 1.00 2.00 X X 0 0 0 BRIAN HANKERSON TREASURER 1.00 1.00 X X 0 0 0 DIANE JOHNSON MEMBER 1.00 1.00 X 0 0 0 ROBERT MCCLOUD MEMBER 1.00 1.00 X 0 0 0 CAROLYN WHIGHAM MEMBER 1.00 X 0 0 0 WILSON WOODRIDGE MEMBER 1.00 1.00 X 0 0 0 125000 6561 false false false 1592266 1592266 SCHOOL FACILITIES LEASE 531390 1182280 1182280 1182280 22818 22818 2797364 1182280 22818 2113692 2113692 1847312 1135000 712312 3961004 3248692 712312 0 387762 1497122 28166994 5829873 22984885 22337121 4977666 3908092 28350313 27742335 417375 417375 155960 222102 32915000 33404520 5657761 5657761 39146096 39701758 X -10795783 -11959423 -10795783 -11959423 28350313 27742335 -1163640 X X false true X true false X 1567243 1582147 1574338 1577236 1592266 7893230 945810 1080000 2578000 1068000 1182280 6854090 2513053 2662147 4152338 2645236 2774546 14747320 14747320 3580 60 39 7201 22818 33698 3580 60 39 7201 22818 33698 2516633 2662207 4152377 2652437 2797364 14781018 0.99770 0.99910 0.00000 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2256461 2256461 25910533 5829873 20080660 22337121 DUE FROM AFFILIATES 3511698 BOND SUBSIDY RECEIVABLE 396394 3908092 DIRECT LOAN PAYABLE 5500000 DUE TO AFFILIATES 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 2021. 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, PART VII REV. GARVEY INCE, WHO SERVED AS SECRETARY, PASSED AWAY ON SEPTEMBER 27, 2024. FORM 990, PAGE 12, PART XII, LINE 2C THE PROCESS DID NOT CHANGE FROM PRIOR YEAR. THE FRIENDS OF MARION P THOMAS CHA RTER SCHOOL INC 370 S 7TH STREET NEWARK NJ 07103 020731318 TO PROVIDE NJ 501C3 10 N/A false false false false true false false false false false false false false false false true false false false false FRIENDS OF MARION P THOMAS CHARTER D 444192 ACCRUED INT. PER LOAN AGR