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 020731318 FRIENDS OF MARION P THOMAS CHARTER SCHOOL INC FRIE 9736210015 370 SOUTH 7TH STREET NEWARK NJ 07103 WILLIE BLALOCK III PRESIDENT 9736210015 2025-05-05 true true LEONORA GALLEROS P00181670 6469210400 2025-05-12 2023 2025-03-06 01:10:19Z WILLIE BLALOCK III 5924586 false X NONE X 2004 NJ TO PROVIDE SUPPORT, THROUGH ASSETS AND RESOURCES, FOR THE MARION P. THOMAS CHARTER SCHOOL, SUPPORT INCLUDES MANAGEMENT OF REAL ESTATE ASSETS AND RENOVATION RELEVANT TO SCHOOL FACILITIES, DEVELOPMENT OF STRATEGIC PLANS TO MEET THE PROJECTED GROWTH OF THE CHARTER SCHOOL, AND RAISE FUNDS, THROUGH CAPITAL CAMPAIGN FOR THE PURCHASE OF ADDITIONAL FACILITIESS AND/OR FOR THE RENOVATION AND MAINTENANCE OF EXISTING FACILITIES. 8 8 1 5 0 0 2536631 2534214 2209882 2252072 1147330 1138300 5893843 5924586 0 0 141186 142699 0 0 3616005 3583746 3757191 3726445 2136652 2198141 67325247 70460322 50350134 51287068 16975113 19173254 X FRIENDS OF MARION P. THOMAS (FRIENDS) WAS INCORPORATED FOR THE PURPOSE OF PROVIDING SUPPORT, THROUGH ASSETS AND RESOURCES, THE ACADEMIC, SOCIAL AND FINANCIAL INITIATIVES OF NEWARK STUDENTS AND FAMILIES WHO ARE PART OF THE MARION P. THOMAS CHARTER SCHOOL. false false 2579205 2534214 FRIENDS PROVIDED THE MARION P. THOMAS CHARTER SCHOOL WITH WELL-MAINTAINED MULTIPLE BUILDINGS FOR ITS CHARTER SCHOOL OPERATIONS. DURING FY 2015, FIVE OPERATING LEASES WERE EXECUTED BETWEEN THE FRIENDS AND THE CHARTER SCHOOL. THE SCHOOL FACILITIES MEET THE REQUIREMENTS OF THE CHARTER SCHOOL TO PROVIDE A SUITABLE SCHOOL ENVIRONMENT FOR ITS 1,600 PRE-K TO HIGH SCHOOL CHILDREN. FRIENDS CONTINUE TO EXPLORE DEVELOPMENT AND EXPANSION OPTIONS IN ANTICIPATION OF THE CHARTER SCHOOL'S GROWING EXPANSION NEEDS. THROUGHOUT FY 2024, FRIENDS MAINTAINED THE FACILITIES AND CARRIED OUT NECESSARY INSPECTIONS, REPAIRS AND MET COMPLIANCE WITH BUILDING CODES APPLICABLE TO SCHOOLS. 2579205 true false false false false false false false false false true true false false 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 true true true true false false true 2 0 1 true false false false false false false false false false false false false X 8 8 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 370 S 7TH STREET NEWARK NJ 07103 REV GARVEY INCE EXEC DIR UNT 40.00 20.00 X 125000 0 6561 WILLIE BLALOCK III PRESIDENT 2.00 1.00 X X 0 0 0 RICHARD VIESER 1ST VICE PRE 2.00 1.00 X X 0 0 0 EDWARD BUTLER ESQ 2ND VICE PRE 2.00 1.00 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 1.00 X 0 0 0 WILSON WOODRIDGE MEMBER 1.00 1.00 X 0 0 0 125000 6561 1 false false false SCHOOL FACILITIES LEASE 531390 2534214 2534214 2534214 582572 582572 1669500 1669500 BOND DISC AMORTIZATION 531390 1135000 1135000 MISCELLANEOUS 900099 3300 3300 1138300 5924586 2534214 3390372 131561 131561 11138 11138 84095 84095 70500 70500 10135 10135 2558081 2558081 781467 8339 773128 MISCELLANEOUS 79468 2650 76818 3726445 2579205 1147240 0 1200697 1855845 3210600 3424476 5500000 5500000 27980068 5370147 23318331 22609921 32915000 34050000 1180619 3020080 67325247 70460322 37930 293266 307004 318228 23412637 22669856 20126554 22034076 6466009 5971642 50350134 51287068 X 16975113 19173254 16975113 19173254 67325247 70460322 2198141 X X false true X true false X 21056 22127 43183 3081309 2852602 2452233 2536631 2534214 13456989 3081309 2873658 2474360 2536631 2534214 13500172 13500172 486611 540382 582572 1609565 486611 540382 582572 1609565 1135000 1135000 1135574 1147330 1138300 5691204 4216309 4008658 4096545 4224343 4255086 20800941 0.64900 0.67600 0.08000 0.05000 X PART III, LINE 12 BOND DISCOUNT AMORTIZATION 2018 0 BOND DISCOUNT AMORTIZATION 2019 1,135,000 BOND DISCOUNT AMORTIZATION 2020 1,135,000 BOND DISCOUNT AMORTIZATION 2021 1,135,574 BOND DISCOUNT AMORTIZATION 2022 1,147,330 BOND DISCOUNT AMORTIZATION 2023 1,135,000 MISCELLANOEUS 3,300 4066300 4066300 23913768 5370147 18543621 22609921 INVESTMENT IN BONDS, NET OF DISCOUNT 34050000 C 34050000 DUE TO AFFILIATES 5956642 SECURITY DEPOSIT 15000 5971642 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 NJEDA CS REVENUE BONDS SERIES 2018A 2018-09-01 24610000 FINANCE ACQUISITION AND CONSTRUCTION OF SCHOOL FACILITIES. false false false A 24610000 1638656 487761 22261610 2022 false false false true A false false false false false false false A false false false false false false false false false A false PURPOSE OF ISSUE DESCRIPTION NJEDA CS REVENUE BONDS SERIES 2018A FINANCE ACQUISITION AND CONSTRUCTION OF SCHOOL FACILITIES. FORM 990 - ORGANIZATION'S MISSION FRIENDS OF MARION P. THOMAS (FRIENDS) WAS INCORPORATED FOR THE PURPOSE OF PROVIDING SUPPORT, THROUGH ASSETS AND RESOURCES, THE ACADEMIC, SOCIAL AND FINANCIAL INITIATIVES OF NEWARK STUDENTS AND FAMILIES WHO ARE PART OF THE MARION P. THOMAS CHARTER SCHOOL. FORM 990, PAGE 6, PART VI, LINE 11B THE DRAFT FORM 990 IS PROVIDED TO MANAGEMENT AND MEMBERS OF THE BOARD VIA E-MAIL FOR REVIEW AND COMMENTS. ONCE REVIEWED AND COMMENTS ADDRESSED, IT IS PROVIDED TO THE BOARD FOR APPROVAL FOR SUBMISSION TO THE IRS. FORM 990, PAGE 6, PART VI, LINE 12C OFFICERS, MEMBERS OF THE BOARD AND KEY EMPLOYEES 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 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 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 THE FRIENDS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE ALSO AVAILABLE UPON REQUEST AT ITS OFFICES AT 370 SOUTH 7TH STREET, NEWARK, NJ OR BY CALLING AT 973.621.0060. FORM 990, PAGE 12, PART XII, LINE 2C THIS PROCESS HAS NOT CHANGED SINCE PRIOR YEAR. FRIENDS OF MARION PTHOMAS CHARTER REAL ESTATE HOLDINGS LLC 370 S 7TH STREET NEWARK NJ 07103 263252678 ACQUIRE, D NJ 824346 6650788 FOMPT MPT FACILITY INC 370 S7TH STREET NEWARK NJ 07103 463252777 ACQUIRE, D NJ 501C3 10 FOMPTCS true false false false true false false false false false false false false false true true false false false false MPT FACILITY INC D 444192 ACCRUED INT. PER LOAN AGR