2024-02-08T10:08:13-06:00 2023-06-30 270710060 CANTOR NOVAK BEAVER & PIKE PC 41 UNIVERSITY DRIVE NEWTOWN PA 18940 990 2022-07-01 233083881 ISAAC NEWTON FOUNDATION INC ISAA 8565051300 1800 EAST BYBERRY ROAD PHILADELPHIA PA 19116 KAREN DELGUERCIO PRESIDENT 8565051300 2024-02-06 1 KAREN DELGUERCIO XXX-XX-XXXX 1 DANIEL D PIKE CPA P00776654 2155502952 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z KAREN DELGUERCIO 1800 EAST BYBERRY ROAD PHILADELPHIA PA 19116 9500646 0 6250 X N/A X 2001 PA THE FOUNDATION'S MISSION IS TO SUPPORT THE HEALTH, WELFARE, EDUCATIONAL INTERESTS OF THE MATHEMATICS, SCIENCE & TECHNOLOGY COMMUNITY CHARTER SCHOOL (THE "SCHOOL"), A PENNSYLVANIA NONPROFIT CORPORATION THAT IS EXEMPT FROM FEDERAL INCOME TAX AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986 (THE "CODE"), AS AMENDED.THE FOUNDATION IS A NONPROFIT CORPORATION ESTABLISHED UNDER THE LAWS OF THE COMMONWEALTH OF PENNSYLVANIA. THE PURPOSES FOR WHICH THE FOUNDATION IS ORGANIZED AND OPERATED ARE EXCLUSIVELY CHARITABLE AND EDUCATIONAL WITHIN THE MEANING OF SECTION 501(C)(3) OF THE CODE, AND, IN FURTHERANCE OF THESE PURPOSES, THE FOUNDATION MAY: (A) OPERATE EXCLUSIVELY FOR THE SUPPORT AND BENEFIT OF THE SCHOOL AND ITS AFFILIATED OR CONTROLLED ORGANIZATIONS THAT ARE PUBLICLY SUPPORTED CHARTITIES AS DEFINED UNDER THE CODE; (B) UTILIZE RESOURCES FOR THE PURPOSES OF REPLICATING THE SCHOOL'S EDUCATIONAL MODEL; (C) RECEIVE CONTRIBUTIONS FROM WHATEVER SOURCE. 5 5 0 0 0 0 11172 10641 8882812 8429598 8373 890603 0 4245 8902357 9335087 0 0 0 0 19157 0 0 0 0 8553552 9248339 8572709 9248339 329648 86748 139547072 135743231 131624377 127733788 7922695 8009443 X THE FOUNDATION'S MISSION IS TO SUPPORT THE HEALTH, WELFARE, EDUCATIONAL INTERESTS OF THE MATHEMATICS, SCIENCE & TECHNOLOGY COMMUNITY CHARTER SCHOOL (THE "SCHOOL"), A PENNSYLVANIA NONPROFIT CORPORATION THAT IS EXEMPT FROM FEDERAL INCOME TAX AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986 (THE "CODE"), AS AMENDED.THE FOUNDATION IS A NONPROFIT CORPORATION ESTABLISHED UNDER THE LAWS OF THE COMMONWEALTH OF PENNSYLVANIA. THE PURPOSES FOR WHICH THE FOUNDATION IS ORGANIZED AND OPERATED ARE EXCLUSIVELY CHARITABLE AND EDUCATIONAL WITHIN THE MEANING OF SECTION 501(C)(3) OF THE CODE, AND, IN FURTHERANCE OF THESE PURPOSES, THE FOUNDATION MAY: (A) OPERATE EXCLUSIVELY FOR THE SUPPORT AND BENEFIT OF THE SCHOOL AND ITS AFFILIATED OR CONTROLLED ORGANIZATIONS THAT ARE PUBLICLY SUPPORTED CHARTITIES AS DEFINED UNDER THE CODE; (B) UTILIZE RESOURCES FOR THE PURPOSES OF REPLICATING THE SCHOOL'S EDUCATIONAL MODEL; (C) RECEIVE CONTRIBUTIONS FROM WHATEVER SOURCE. 0 0 9163911 8433843 ORGANIZATION LEASES PROPERTY TO MATHEMATICS, SCIENCE AND TECHNOLOGY COMMUNITY CHARTER SCHOOL, A NOT-FOR-PROFIT ENTITY FORMED UNDER 501(C)(3) ID# 23-2963763, MAST COMMUNITY CHARTER SCHOOL II, A NOT-FOR-PROFIT ENTITY FORMED UNDER 501(C)(3) ID# 47-3810173, AND MAST COMMUNITY CHARTER SCHOOL III, A NOT-FOR-PROFIT ENTITY FORMED UNDER 501(C)(3) ID #83-1383617. 9163911 1 0 0 0 0 0 0 0 0 0 1 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 4 0 1 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X SANTILLI & THOMSON LLC 8565051300 601 ROUTE 73 N SUITE 302 MARLTON NJ 08053 X KAREN DELGUERCIO BOARD PRESIDENT 1.00 X X 0 0 0 JAN BROPHY BOARD VICE PRESIDENT / SECRETARY 1.00 X X 0 0 0 DR NORMAN PROVIZER BOARD MEMBER 1.00 X 0 0 0 LOUIS DECREE TREASURER 1.00 X X 0 0 0 HOPE INGE BOARD MEMBER 1.00 X 0 0 0 0 0 0 0 0 0 0 BSI CONSTRUCTION LLC 735 BIRCH AVENUE BENSALEM PA 19020 CONSTRUCTION 6737362 EWING COLE INC 100 N 6TH STREET PHILADELPHIA PA 191061590 ARCHITECTURE & DESIGN 149262 2 10641 10641 RENTAL INCOME 531120 8429598 8429598 8429598 513268 513268 542894 165559 377335 377335 377335 OTHER REVENUE 531120 4245 4245 4245 9335087 8433843 0 890603 4000 4000 2603 2603 27250 27250 98349 52262 46087 4488 4488 10613 10613 5505651 5505651 3147069 3147069 445660 445660 OTHER EXPENSES 2656 2656 9248339 9163911 84428 0 2554967 2120955 657754 669213 41962 233750 135927580 21687899 114234497 114239681 22057892 18479632 139547072 135743231 4165995 2843579 12524034 12099318 114934348 112790891 131624377 127733788 X 7922695 8009443 7922695 8009443 139547072 135743231 86748 0 X X 0 1 X 1 0 X X 3 MATHEMATICS SCIENCE AND TECHNOLOGY COMMUNITY CHARTER SCHOOL 232963763 2 1 0 0 MAST COMMUNITY CHARTER SCHOOL II 473810173 2 0 0 0 MAST COMMUNITY CHARTER SCHOOL III 831383617 2 0 0 0 3 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 PART IV, SECTION A, LINE 1 ISAAC NEWTON FOUNDATION'S PURPOSE IS TO OPERATE EXCLUSIVELY FOR THE SUPPORT AND BENEFIT OF THE MATHEMATICS, SCIENCE & TECHNOLOGY COMMUNITY CHARTER SCHOOL AND ITS AFFILIATED OR CONTROLLED ORGANIZATIONS, PROVIDED THAT SUCH ORGANIZATIONS ARE PUBLICLY SUPPORTED ORGANIZATIONS. MAST COMMUNITY CHARTER SCHOOL II AND MAST COMMUNITY CHARTER SCHOOL III ARE DESIGNATED BY THIS PURPOSE AND ARE CONSIDERED AFFILIATES OF MATHEMATICS, SCIENCE & TECHNOLOGY COMMUNITY CHARTER SCHOOL. PART IV, SECTION B, LINE 2 MAST COMMUNITY CHARTER SCHOOL II AND MAST COMMUNITY CHARTER SCHOOL III WERE CREATED THROUGH THE REPLICATION OF MATHEMATICS, SCIENCE AND TECHNOLOGY COMMUNITY CHARTER SCHOOL'S EDUCATIONAL MODEL. 12163394 12163394 119295438 19242886 100052552 1110676 1043848 66828 3358072 1401165 1956907 114239681 ESCROW DEPOSITS 16502188 ACCRUED RENTAL ASSET 1867431 DUE FROM RELATED PARTIES 110013 18479632 X 9335087 0 9335087 0 9335087 9248339 0 9248339 0 9248339 PART X, LINE 2: THE FOUNDATION IS A PENNSYLVANIA NOTFORPROFIT CORPORATION. THE INTERNAL REVENUE SERVICE HAS ISSUED A DETERMINATION LETTER THAT THE FOUNDATION IS A NONPROFIT ORGANIZATION, AS DEFINED UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. AS SUCH, THE FOUNDATION IS GENERALLY EXEMPT FROM INCOME TAXES. IT IS HOWEVER, REQUIRED TO FILE FEDERAL FORM 990 RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX. THIS IS AN INFORMATIONAL RETURN ONLY. THE FOUNDATION WOULD BE TAXED ON UNRELATED BUSINESS INCOME WHICH DOES NOT FALL UNDER THE 501(C)(3) EXEMPTION. MANAGEMENT BELIEVES THAT THE FOUNDATION HAS RECEIVED NO UNRELATED BUSINESS INCOME AND ACCORDINGLY, THERE WAS NO INCOME TAX ON UNRELATED BUSINESS INCOME. ADDITIONALLY, MANAGEMENT BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. TAX YEARS WHICH REMAIN SUBJECT TO EXAMINATION AS OF JUNE 30, 2023 ARE 2020 THROUGH 2022, GENERALLY FOR THREE YEARS AFTER THEY ARE FILED. 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FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S BUSINESS MANAGERS PRESENT THE AUDITED FINANCIAL STATEMENT AND THE IRS FORM 990 FOR BOARD APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE REQUIRED TO FILE A CONFLICT OF INTEREST STATEMENT ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION C, LINE 19 ISAAC NEWTON FOUNDATION, INC. MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C THE PROCESS FOR ASSUMING RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF THE ORGANIZATION'S FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT BY THOSE CHARGED WITH GOVERNANCE HAS NOT CHANGED FROM THE PRIOR YEAR. 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