Midland School
- Assets
- $15.5m
- Revenue
- $7.6m
- Investments
- $0.0
- Employees
- 145
- Location
- North Branch, NJ
- Founding
- 09/1961
- Data as of
- 06/2022
- EIN
- 22-1666121
Organization Overview
Midland School is located in North Branch, NJ. The organization was established in 1961. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2022, Midland School employed 145 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Midland School is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Midland School generated $7.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $8.3m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MIDLAND SCHOOL IS AN APPROVED NOT-FOR-PROFIT NEW JERSEY DEPARTMENT OF EDUCATION SCHOOL. THE MIDLAND SCHOOL PROVIDES AN EXTRAORDINARY LEVEL OF QUALITY, HIGHLY INDIVIDUALIZED AND INNOVATIVE EDUCATIONAL SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MIDLAND SCHOOL PROMOTES PERSONAL ACHIEVEMENT AND FOSTERS INDEPENDENCE BY PROVIDING A RANGE OF INNOVATIVE PROGRAMS AND SERVICES INCLUDING INDIVIDUALIZED INSTRUCTION WITH A MULTI-SENSORY APPROACH, MIDLAND PRESCHOOL PROGRAM, LIFE SKILLS TRAINING, EXTRACURRICULAR/ AFTER SCHOOL PROGRAMS, SPEECH, OCCUPATIONAL AND PHYSICAL THERAPIES, CERTIFIED BCBA, SOCIAL WORK AND PSYCHOLOGY SERVICES, AND A COMPREHENSIVE SCHOOL TO WORK TRANSISTION PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregg Sweetman Business Mngr | Officer | 40 | $183,849 |
Shawn Mcinerney President & CEO | Officer | 40 | $190,530 |
Michael Castles Sys Admin & Fac Mg | 40 | $128,247 | |
Karen Storm Supervisor | 40 | $116,173 | |
Suzanne Frank Teacher | 35 | $119,004 | |
Kristen Massimo Principal | 40 | $129,961 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $197,912 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $197,912 |
| Total Program Service Revenue | $8,192,838 |
| Investment income | -$873,516 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $77,419 |
| Net Gain/Loss on Asset Sales | $1,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,595,653 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $429,854 |
| Compensation of current officers, directors, key employees. | $90,269 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,765,686 |
| Pension plan accruals and contributions | $186,035 |
| Other employee benefits | $1,182,921 |
| Payroll taxes | $382,402 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $34,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $289,961 |
| Advertising and promotion | $22,197 |
| Office expenses | $27,693 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $287,396 |
| Travel | $4,653 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $27,536 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $308,022 |
| Insurance | $34,413 |
| All other expenses | $0 |
| Total functional expenses | $8,252,273 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,484,511 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $448,229 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,253,052 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $33,425 |
| Net Land, buildings, and equipment | $5,381,193 |
| Investments—publicly traded securities | $5,884,037 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $15,484,447 |
| Accounts payable and accrued expenses | $764,509 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,580,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $10,243 |
| Total liabilities | $2,354,752 |
| Net assets without donor restrictions | $12,338,784 |
| Net assets with donor restrictions | $790,911 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $15,484,447 |