Triad Math and Science Academy Company
75% goes to programs $0 to raise $100 Growing revenue
Triad Math and Science Academy Company is a 501(c)(3) organization based in Apex, North Carolina, registered in 2009, with $64,646,722 in FY2024 revenue. CharityIndex grades it A, and it directs about 75% of spending to programs.
3570 Amberlight Road A200, Apex, NC, 27502 EIN 20-8471670 Since 2009
Revenue (FY2024)
$64.6M
▲ 26.9% vs prior year
Education median: $200K
Expenses (FY2024)
$61.7M
Net assets
$24.7M
Employees
812
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
BProgram efficiency40% of the rating75% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Triad Math and Science Academy Company: 75% to programs · $0 to raise $100 earns a B on this criterion. See the exact thresholds →
AFinancial health25% of the rating5 mo reserves · +5% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Triad Math and Science Academy Company: 5 mo reserves · +5% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Triad Math and Science Academy Company: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Triad Math and Science Academy Company: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Operation of public charter schools.
Contact & location
- Address
- 3570 Amberlight Road A200, Apex, NC, 27502
- City
- Apex
- State
- North Carolina
- Category
- Education
- Subcategory
- Elementary & Secondary Schools
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $14.7M (FY2015) to $64.6M (FY2024) across 9 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $340KNet assets $24.7M
Operating margin
4.6%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$25.1M
Total liabilities
$340K
Net assets
$24.7M
Salaries & benefits
$38.5M
62% of expenses
Board members
7
7 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $64,646,722▲26.9% | $61,693,092▲17.9% | $24,722,851▲13.3% | $25,062,634▲13.5% | 990 |
| 2023 | $50,946,959▲9.0% | $52,334,089▲8.3% | $21,815,473▲22.3% | $22,089,420▲22.9% | 990 |
| 2022 | $46,727,230▲49.2% | $48,308,357▲81.5% | $17,844,877▼7.2% | $17,976,351▼8.4% | 990 |
| 2021 | $31,315,517▲20.5% | $26,616,996▲24.0% | $19,225,378▲59.3% | $19,619,487▲57.8% | 990 |
| 2020 | $25,994,464▲23.1% | $21,457,855▼0.3% | $12,066,461▲60.2% | $12,436,639▲21.3% | 990 |
| 2019 | $21,122,467▲2.2% | $21,527,102▲24.0% | $7,529,852▼5.1% | $10,252,372▲28.3% | 990 |
| 2018 | $20,660,259▲23.0% | $17,367,005▲10.4% | $7,934,487▲97.2% | $7,987,828▲90.6% | 990 |
| 2016 | $16,797,312▲14.1% | $15,731,741▲13.1% | $4,023,655▲36.0% | $4,190,060▲28.6% | 990 |
| 2015 | $14,722,367 | $13,909,601 | $2,958,084 | $3,259,041 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Ben Karaduman — $241,082 (0.39% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Ben Karaduman | Superintendent | 40 | $241,082 |
| Fatih Kandil | Tmsa-triad Principal | 40 | $179,050 |
| Diana Gunesgor | Tmsa-triad Principal | 40 | $170,059 |
| Eray Idil | Deputy Superintendent | 40 | $169,727 |
| Serdar Yuksekkaya | Tmsa-apex Principal | 40 | $165,031 |
| Carlos Hernanadez | Member | 1 | — |
| Dr Terrence Thomas | Member | 1 | — |
| Fahrudin Mekic | Member | 1 | — |
| Mir Nugmanov | Vice President | 1 | — |
| Salih Tuncer | Treasurer | 1 | — |
| Victor Nadbitov | Secretary | 1 | — |
| Victor Ofori-boadu | President | 2 | — |
Top vendors & contractors (FY2022)
| Contractor | Services | Paid |
|---|---|---|
| Wc Construction Company LLC | Construction | $948,211 |
| Gold Stars Catering Inc | Food | $916,413 |
| Oshurys Management | Cleaning | $385,632 |
| Charter School Bus Company Inc | Transportation | $288,169 |
| Cdw Government Inc | Equipment Suppl | $242,301 |
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Compare Triad Math and Science Academy Company
Frequently asked questions
- Is Triad Math and Science Academy Company a legitimate nonprofit?
- Yes. Triad Math and Science Academy Company is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 20-8471670, based in Apex, North Carolina. Donations are tax-deductible.
- What is Triad Math and Science Academy Company's EIN?
- Triad Math and Science Academy Company's Employer Identification Number (EIN) is 20-8471670.
- How much revenue does Triad Math and Science Academy Company report?
- Triad Math and Science Academy Company reported $64,646,722 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Triad Math and Science Academy Company's spending goes to programs?
- Triad Math and Science Academy Company spends about 75% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Triad Math and Science Academy Company have?
- CharityIndex grades Triad Math and Science Academy Company A, based on program efficiency and fundraising cost.
- How much does Triad Math and Science Academy Company's highest-paid employee make?
- The highest reported compensation on Triad Math and Science Academy Company's latest Form 990 is $241,082, paid to Ben Karaduman (Superintendent).
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Data for Triad Math and Science Academy Company (EIN 20-8471670) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.