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Nonprofit · EIN 22-3261282

MILKYWAY EDUCATION CENTER INC

Tax-exempt · WAYNE, NJ 07470

Financials

$10.6M$9.9M2022$12.5M$11.4M2023$13.9M$13.6M2024
Revenue Expenses · by fiscal year end
Financials of MILKYWAY EDUCATION CENTER INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$13,924,235$13,586,801$337,434$25,107,639$13,754,371$11,353,268
June 30, 2024990$12,509,818$11,418,777$1,091,041$23,733,069$12,342,007$11,391,062
June 30, 2023990$10,620,044$9,898,439$721,605$22,977,953$11,928,530$11,049,423
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$146,162
Program service revenue
$13,349,330
Investment income
$193,803
Net rental income
$214,200
Other revenue
$234,940

Expenses

Grants and similar amounts paid
$976,191
Compensation of officers, directors and key employees
$476,980
Other salaries and wages
$6,258,597
Salaries, compensation and benefits (total)
$7,735,621
Professional fundraising fees
$0
Legal fees
$51,440
Accounting fees
$39,799
Occupancy
$281,342
Travel
$639
Depreciation
$719,986
Program services (functional)
$9,904,520
Management and general (functional)
$3,682,281

Balance sheet and other

Total assets, start of year
$23,509,046
Total assets, end of year
$25,107,639
Total liabilities, end of year
$13,754,371
Net assets, end of year
$11,353,268
Land, buildings and equipment
$16,050,242
Publicly traded securities
$3,704,469
Net assets without donor restrictions
$11,353,268
Gross receipts
$13,924,235
Employees
118
Volunteers
15
Year formed
1993
State of legal domicile
NJ

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended June 30, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
OGUN AKMANPRINCIPAL
Officer
40$108,333$31,794
MONICA BAJRAKTERAVICVICE PRINCIPAL
Officer
40$110,567$4,106
ORHAN KERTIMBUSINESS OPERATIONS MANAGER
Officer
40$94,781$7,850
FATIH BULUNGIRAYFINANCE MANAGER
Officer
40$82,061$17,757
ERKAN ERTOSUNPRESIDENT
Trustee or director, Officer
0.5$0$0
NURAY YURTSECRETARY
Trustee or director, Officer
0.5$0$0
OGUZHAN SENTURKTREASURER
Trustee or director, Officer
0.5$0$0
FATMA SHYTI DOGANBOARD MEMBER
Trustee or director
0.5$0$0
HIKMET SAHINBOARD MEMBER
Trustee or director
0.5$0$0
METIN BASBOARD MEMBER
Trustee or director
0.5$0$0
ELA NATEBOARD MEMBER
Trustee or director
0.5$0$0
990 for the year ended June 30, 2024: 12 people
NameTitleHours / weekCompensationOther / benefits
OGUN AKMANPRINCIPAL
Officer
40$100,000$22,128
MONICA BAJRAKTERAVICVICE PRINCIPAL
Officer
40$96,450$0
ORHAN KERTIMBUSINESS OPERATIONS MANAGER
Officer
40$78,989$3,159
FATIH BULUNGIRAYFINANCE MANAGER
Officer
40$73,543$2,942
ERKAN ERTOSUNPRESIDENT
Trustee or director, Officer
0.5$0$0
NURAY YURTSECRETARY
Trustee or director, Officer
0.5$0$0
OGUZHAN SENTURKTREASURER
Trustee or director, Officer
0.5$0$0
FATMA SHYTI DOGANBOARD MEMBER
Trustee or director
0.5$0$0
HIKMET SAHINBOARD MEMBER
Trustee or director
0.5$0$0
METIN BASBOARD MEMBER
Trustee or director
0.5$0$0
AYES DELIDOGANBOARD MEMBER
Trustee or director
0.5$0$0
AYSE DELIDOGANBOARD MEMBER
Trustee or director
0.5$0$0
990 for the year ended June 30, 2023: 11 people
NameTitleHours / weekCompensationOther / benefits
OGUN AKMANPRINCIPAL
Officer
40$102,223$16,836
MONICA BAJRAKTERAVICVICE PRINCIPAL
Officer
40$76,900$0
ORHAN KERTIMBUSINESS OPERATIONS MANAGER
Officer
40$74,113$0
FATIH BULUNGIRAYBUSINESS MANAGER
Officer
40$70,028$413
ERKAN ERTOSUNPRESIDENT
Trustee or director, Officer
0.5$0$0
NURAY YURTSECRETARY
Trustee or director, Officer
0.5$0$0
OGUZHAN SENTURKTREASURER
Trustee or director, Officer
0.5$0$0
FATMA SHYTI DOGANBOARD MEMBER
Trustee or director
0.5$0$0
HIKMET SAHINBOARD MEMBER
Trustee or director
0.5$0$0
METIN BASBOARD MEMBER
Trustee or director
0.5$0$0
AYES DELIDOGANBOARD MEMBER
Trustee or director
0.5$0$0

Address and contacts

Address (IRS master file)
164 TOTOWA RD, WAYNE, NJ 07470-3118
Principal officer (990 for 2024)
ERKAN ERTOSUN, 164 TOTOWA ROAD, WAYNE, NJ 07470
Signed the 990
ERKAN ERTOSUN, PRESIDENT
Phone
(973) 405-5169
Return prepared by
CLIFTONLARSONALLEN LLP

Mission

PIONEER ACADEMY FOSTERS AN INCLUSIVE ENVIRONMENT, WITH STATE-OF-THE-ART FACILITIES, FOR STUDENTS TO GROW IN KNOWLEDGE THROUGH A RIGOROUS CURRICULUM GROUNDED IN ETHICAL PRINCIPLES AND MULTICULTURAL AWARENESS, INSPIRED BY ENGAGING FACULTY.

990 for the year ended June 30, 2025

Program accomplishments

  • THE PURPOSE OF THE ORGANIZATION IS TO PROVIDE PRIVATE EDUCATION SERVICES FOR ELEMENTARY AND HIGH SCHOOL CHILDREN AS WELL AS ESL CLASSES FOR ADULTS.
    Expenses $9,904,520 · grants $976,191 · revenue $13,349,330

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
22-3261282
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
School
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1995
Accounting year ends
June
Files
Form 990 or 990-EZ
Assets (IRS master file)
$25,107,639
Income (IRS master file)
$13,924,235

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$13,924,235$13,586,801$25,107,639IRS
990June 2024$12,509,818$11,418,777$23,733,069IRS
990June 2023$10,620,044$9,898,439$22,977,953XML
990-TJune 2023–––IRS
990June 2022$8,575,459$7,717,392$20,000,669IRS
990-TJune 2022–––IRS
990June 2021–––IRS
990-TJune 2021–––IRS
990June 2020–––IRS
990June 2019–––IRS
990June 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 22-3261282).

Questions about MILKYWAY EDUCATION CENTER INC

What is the EIN of MILKYWAY EDUCATION CENTER INC?
The employer identification number (EIN) of MILKYWAY EDUCATION CENTER INC is 22-3261282.
Is MILKYWAY EDUCATION CENTER INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1995.
Are donations to MILKYWAY EDUCATION CENTER INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does MILKYWAY EDUCATION CENTER INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of MILKYWAY EDUCATION CENTER INC due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did MILKYWAY EDUCATION CENTER INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of MILKYWAY EDUCATION CENTER INC?
The 990 for the year ended June 30, 2025 names ERKAN ERTOSUN.
Who are the officers and directors of MILKYWAY EDUCATION CENTER INC?
The 990 for the year ended June 30, 2025 lists 11 people; 4 received compensation from the organization, the highest $108,333 (OGUN AKMAN, PRINCIPAL).
How much revenue does MILKYWAY EDUCATION CENTER INC have?
On its 990 for the year ended June 30, 2025 it reported revenue of $13,924,235, expenses of $13,586,801 and total assets of $25,107,639 at year end.

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