Civic Intelligence

Mastery Charter Schools Foundation

990 • Fiscal year 2020 • EIN 20-5593485

Jul 01, 2019 to Jun 30, 2020 • Filed on May 17, 2021

Organization Profilewww.masterycharter.org

Refreshing map…

5700 Wayne AvenuePhiladelphia, PA 19144

(215) 922-1902

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

73rd percentile

0.60x

Higher debt load relative to assets than 73% of similar nonprofits.

2020 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2020

Liabilities / Revenue

93rd percentile

5.94x

Higher debt load relative to revenue than 93% of similar nonprofits.

2020 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2020

Net Margin

90th percentile

42%

Higher net margin than 90% of similar nonprofits.

2020 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2020

Top Officer Pay

4th percentile

$0

Higher top officer pay than 4% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2020

Asset Growth

34th percentile

1.4%

Faster asset growth than 34% of similar nonprofits.

2020 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2019 to 2020

Revenue Growth

30th percentile

-5.2%

Faster revenue growth than 30% of similar nonprofits.

2020 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets73rd percentile

Assets

Up

$111,350,537

Up $1,517,630 (+1.4%) from 2019

Net Assets

Up

$44,243,586

Up $4,738,239 (+12%) from 2019

Liabilities

Down

$67,106,951

Down $3,220,609 (-4.6%) from 2019

Revenue And Expenses
Liabilities / Revenue93rd percentileNet Margin90th percentile

Revenue

Down

$11,306,485

Down $625,225 (-5.2%) from 2019

Expenses

Up

$6,568,247

Up $694,229 (+12%) from 2019

Net Income

Down

$4,738,238

Down $1,319,454 (-22%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth34th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$150M$100M$50M$0Assets 2010: $13,237,371Liabilities 2010: $6,663Net Assets 2010: $13,230,7082010Assets 2011: $16,710,938Liabilities 2011: $1,512,188Net Assets 2011: $15,198,7502011Assets 2012: $17,566,246Liabilities 2012: $4,321,033Net Assets 2012: $13,245,2132012Assets 2013: $14,109,794Liabilities 2013: $1,640,242Net Assets 2013: $12,469,5522013Assets 2014: $19,000,595Liabilities 2014: $2,147,491Net Assets 2014: $16,853,1042014Assets 2015: $26,891,551Liabilities 2015: $5,358,615Net Assets 2015: $21,532,9362015Assets 2016: $58,317,612Liabilities 2016: $39,267,679Net Assets 2016: $19,049,9332016Assets 2017: $102,203,851Liabilities 2017: $77,081,228Net Assets 2017: $25,122,6232017Assets 2018: $107,135,347Liabilities 2018: $73,212,022Net Assets 2018: $33,923,3252018Assets 2019: $109,832,907Liabilities 2019: $70,327,560Net Assets 2019: $39,505,3472019Assets 2020: $111,350,537Liabilities 2020: $67,106,951Net Assets 2020: $44,243,5862020Assets 2021: $112,317,090Liabilities 2021: $63,240,688Net Assets 2021: $49,076,4022021Assets 2022: $110,945,327Liabilities 2022: $62,344,675Net Assets 2022: $48,600,6522022Assets 2023: $113,466,103Liabilities 2023: $60,968,322Net Assets 2023: $52,497,7812023

Highlighted filing

2020

Assets$111,350,537
Liabilities$67,106,951
Net Assets$44,243,586
Open 2020 Filing

Operations Trend

Revenue Growth30th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$20M$15M$10M$5.0M$0-$5.0MExpenses 2010: $413,8282010Expenses 2011: $1,362,0392011Expenses 2012: $7,272,6432012Expenses 2013: $4,257,0942013Revenue 2014: $12,006,597Expenses 2014: $7,623,045Net Income 2014: $4,383,5522014Revenue 2015: $8,564,715Expenses 2015: $3,884,883Net Income 2015: $4,679,8322015Revenue 2016: $5,900,532Expenses 2016: $8,383,535Net Income 2016: -$2,483,0032016Revenue 2017: $13,839,514Expenses 2017: $7,766,824Net Income 2017: $6,072,6902017Revenue 2018: $17,106,351Expenses 2018: $8,305,649Net Income 2018: $8,800,7022018Revenue 2019: $11,931,710Expenses 2019: $5,874,018Net Income 2019: $6,057,6922019Revenue 2020: $11,306,485Expenses 2020: $6,568,247Net Income 2020: $4,738,2382020Revenue 2021: $8,533,885Expenses 2021: $6,911,445Net Income 2021: $1,622,4402021Revenue 2022: $9,942,380Expenses 2022: $6,664,233Net Income 2022: $3,278,1472022Revenue 2023: $9,714,744Expenses 2023: $6,376,911Net Income 2023: $3,337,8332023

Highlighted filing

2020

Revenue$11,306,485
Expenses$6,568,247
Net Income$4,738,238
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 17, 2021
Return Version
2019v5.2
Gross Receipts
$11,633,683
Mission and Program Overview

Mission

To develop and provide financial support for the Mastery network of charter schools.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$17,513,522$17,456,663▼ $56,859
Investments in Publicly Traded Securities$10,652,603$14,817,423▲ $4,164,820
Land, Buildings, and Equipment, Net$12,586,685$12,259,487▼ $327,198
Savings and Temporary Cash Investments$6,832,391$7,739,504▲ $907,113
Pledges and Grants Receivable$5,427,177$1,863,328▼ $3,563,849
Accounts Receivable$1,214,321$1,272,722▲ $58,401
Cash and Non-Interest-Bearing Accounts-$1-
Total Assets$109,832,907$111,350,537▲ $1,517,630
Other Assets Total$55,606,208$55,941,409▲ $335,201
Liabilities
Mortgage Notes Payable Secured by Investment Property$60,135,687$58,714,552▼ $1,421,135
Unsecured Notes Loans Payable$8,428,164$7,178,164▼ $1,250,000
Other Liabilities$1,015,347$809,104▼ $206,243
Grants Payable$672,806$375,323▼ $297,483
Accounts Payable and Accrued Expenses$75,556$29,808▼ $45,748
Total Liabilities$70,327,560$67,106,951▼ $3,220,609
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$20,405,375$24,968,796▲ $4,563,421
Net Assets With Donor Restrictions$19,099,972$19,274,790▲ $174,818
Total Net Assets Fund Balance$39,505,347$44,243,586▲ $4,738,239
Total Liabilities and Net Assets / Fund Balance$109,832,907$111,350,537▲ $1,517,630

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$12,094,487$993,434$13,087,921
Land$165,000-$165,000
Other Assets Org$55,941,409--
Compensation and Service Providers
Top Officer Pay4th percentile

Board Members and Trustees

NameTitle
Stephen CohnPresident
Brook J LenfestBoard Member
David SmithBoard Member
Kareem ThomasBoard Member
Mona BurkeBoard Member
William LutermanBoard Member
Edward BaumsteinTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$4,515,232
Program Service Revenue
$0
Investment Income
$6,485,136
Other Revenue
$306,117
All Other Contributions
$4,515,232
Change in Net Assets
$4,738,238

Audited Revenue Reconciliation

Revenue per Audited Statements
$11,306,485
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$570,915
Total Revenue per Audited Statements
$11,877,400
Total Revenue per Form 990
$11,306,485
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,770,111
Grants and Similar Amounts Paid$2,798,136
Total Fundraising Expense$21,117
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$3,684,685--$3,684,685
Grants to Domestic Orgs$2,352,919--$2,352,919
Grants to Domestic Individuals$445,217--$445,217
Fees for Services Accounting-$47,321-$47,321
Insurance-$5,375-$5,375
Other Expenses-$2,601$2,897$2,601
All Other Expenses-$257-$257
Total Functional Expenses$6,482,821$64,309$21,117$6,568,247

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$7,139,162
Expenses per Audited Statements$6,568,247
Total Expenses per Form 990$6,568,247
Expenses Not Reported on Form 990$570,915
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Mastery Charter High SchoolPhiladelphia, PA501(c)(3)Charter school support, development and expansion$2,079,974
Mastery Charter School - Gratz CampusPhiladelphia, PA501(c)(3)Charter school support$164,971
Mastery Charter Schools of CamdenCamden, NJ501(c)(3)Charter school support$97,157
Mastery Charter School - Harrity ElementaryPhiladelphia, PA501(c)(3)Charter school support$21,980
Mastery Charter School - Smedley ElementaryPhiladelphia, PA501(c)(3)Charter school support$20,236
Frederick Douglass Mastery Charter SchoolPhiladelphia, PA501(c)(3)Charter school support$6,955
Grover Cleveland Mastery Charter SchoolPhiladelphia, PA501(c)(3)Charter school support$5,936
Mastery Charter School - Shoemaker CampusPhiladelphia, PA501(c)(3)Charter school support$4,920
Mastery Charter School - Mann ElementaryPhiladelphia, PA501(c)(3)Charter school support$1,321
Francis D Pastorius Mastery Charter SchoolPhiladelphia, PA501(c)(3)Charter school support$967
Mastery Charter School - Wister CampusPhiladelphia, PA501(c)(3)Charter school support$130
Mastery Charter School - Clymer ElementaryPhiladelphia, PA501(c)(3)Charter school support- Unused Grant to Be Returned$-4,537
Hardy Williams Academy Charter SchoolPhiladelphia, PA501(c)(3)Charter school support- Unused Grant to Be Returned$-8,596
Mastery Charter School - Pickett CampusPhiladelphia, PA501(c)(3)Charter school support- Unused Grant to Be Returned$-8,610
Mastery Charter School - Thomas CampusPhiladelphia, PA501(c)(3)Charter school support- Unused Grant to Be Returned$-29,885
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Interest payable$809,104
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, line 11B

“A draft of the Form 990 to be filed is provided to the Board of Directors prior to filing. The form is filed after their review.”

Form 990, Part VI, Section B, line 12C

“Board members are covered by a conflict of interest policy which is reviewed annually by the Board members.”

Form 990, Part VI, Section C, line 19

“The Organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Mastery Charter Schools Foundation
EIN
20-5593485
Phone
2159221902
Address
5700 Wayne Avenue, Philadelphia, PA 19144

Signing Officer

Name
Stephen Cohn
Title
President
Phone
2159221902
Signed
2021-05-17

Organization Details

Principal Officer
Stephen Cohn
Formed
2006
Legal Domicile
Pa
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
J Miller & Associates LLC
Address
1617 John F Kennedy Blvd Suite 1010, Philadelphia, PA 19103
Preparer
Joyce Miller
Phone
2156001701
Supplemental Narrative

Additional Explanations

Form 990, Part XI, line 9:

“rounding 1.”

Financial Statement Notes

Part X, Line 2:

“The Organization accounts for uncertainty in income taxes in accordance with ASC Topic, Income Taxes. This standard clarifies the accounting for uncertainty in tax positions and prescribes a recognition threshold and measurement attribute for the consolidated financial statements regarding a tax position taken or expected to be taken in a tax return. The Organization has determined that there are no uncertain tax positions which qualify for either recognition or disclosure in the consolidated financial statements at June 30, 2019 and 2018. The Organization's information returns are subject to examination by Federal and state jurisdictions.”

Part XI, Line 2D - Other Adjustments:

“Depreciation expense deducted from rental income 327,197.”

Part XII, Line 2D - Other Adjustments:

“Depreciation on Form 990 is reported net of rental income 327,197.”

Raw XML AppendixShowing 400 of 569 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt075556
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt029808
IRS990/AccountsReceivableGrp/BOYAmt01214321
IRS990/AccountsReceivableGrp/EOYAmt01272722
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0To develop and provide financial support for the Mastery network of charter schools.
IRS990/AllOtherContributionsAmt04515232
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt0257
IRS990/AllOtherExpensesGrp/TotalAmt0257
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0J Miller & Associates LLC
IRS990/BooksInCareOfDetail/PhoneNum02156001701
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01617 John F Kennedy Blvd
IRS990/BooksInCareOfDetail/USAddress/CityNm0Philadelphia
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0PA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd019103
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/EOYAmt01
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt04515232
IRS990/CYGrantsAndSimilarPaidAmt02798136
IRS990/CYInvestmentIncomeAmt06485136
IRS990/CYOtherExpensesAmt03770111
IRS990/CYOtherRevenueAmt0306117
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt04738238
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt06568247
IRS990/CYTotalFundraisingExpenseAmt021117
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt011306485
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0Mastery Charter Schools Foundation will drive educational reform by supporting the academic and operational programs of Mastery Charter Schools.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd01
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt019099972
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt019274790
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt06482821
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt047321
IRS990/FeesForServicesAccountingGrp/TotalAmt047321
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/PersonNm0Stephen Cohn
IRS990/Form990PartVIISectionAGrp/PersonNm1Edward Baumstein
IRS990/Form990PartVIISectionAGrp/PersonNm2Brook J Lenfest
IRS990/Form990PartVIISectionAGrp/PersonNm3Mona Burke
IRS990/Form990PartVIISectionAGrp/PersonNm4David Smith
IRS990/Form990PartVIISectionAGrp/PersonNm5William Luterman
IRS990/Form990PartVIISectionAGrp/PersonNm6Kareem Thomas
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/TitleTxt0President
IRS990/Form990PartVIISectionAGrp/TitleTxt1Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt2Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt3Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt4Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt5Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt6Board Member
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02006
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt03
IRS990/GrantAmt02798135
IRS990/GrantsPayableGrp/BOYAmt0672806
IRS990/GrantsPayableGrp/EOYAmt0375323
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt0445217
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt0445217
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt02352919
IRS990/GrantsToDomesticOrgsGrp/TotalAmt02352919
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt011633683
IRS990/GrossRentsGrp/RealAmt0631440
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt03
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt05375
IRS990/InsuranceGrp/TotalAmt05375
IRS990/InterestGrp/ProgramServicesAmt03684685
IRS990/InterestGrp/TotalAmt03684685
IRS990/InvestmentIncomeGrp/ExclusionAmt06485136
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt06485136
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt010652603
IRS990/InvestmentsPubTradedSecGrp/EOYAmt014817423
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0993434
IRS990/LandBldgEquipBasisNetGrp/BOYAmt012586685
IRS990/LandBldgEquipBasisNetGrp/EOYAmt012259487
IRS990/LandBldgEquipCostOrOtherBssAmt013252921
IRS990/LegalDomicileStateCd0PA
IRS990/LessRentalExpensesGrp/RealAmt0327198
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0Mastery Charter Schools Foundation is a nonprofit charitable foundation organized to develop and provide support to Mastery Charter Schools' educational programs in Philadelphia, PA and Camden, NJ
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt060135687
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt058714552
IRS990/NetAssetsOrFundBalancesBOYAmt039505347
IRS990/NetAssetsOrFundBalancesEOYAmt044243586
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt0304242
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0304242
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt020405375
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt024968796
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt055606208
IRS990/OtherAssetsTotalGrp/EOYAmt055941409
IRS990/OtherChangesInNetAssetsAmt01
IRS990/OtherExpensesGrp/Desc0Special event expenses
IRS990/OtherExpensesGrp/Desc1Bank fees
IRS990/OtherExpensesGrp/Desc2Fundraising expenses
IRS990/OtherExpensesGrp/Desc3Credit Card Fees
IRS990/OtherExpensesGrp/FundraisingAmt018220
IRS990/OtherExpensesGrp/FundraisingAmt12897
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt08755
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt12601
IRS990/OtherExpensesGrp/TotalAmt018220
IRS990/OtherExpensesGrp/TotalAmt18755
IRS990/OtherExpensesGrp/TotalAmt22897
IRS990/OtherExpensesGrp/TotalAmt32601
IRS990/OtherLiabilitiesGrp/BOYAmt01015347
IRS990/OtherLiabilitiesGrp/EOYAmt0809104
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0Loan origination fees
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt01875
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01875
IRS990/OtherRevenueTotalAmt01875
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt017513522
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt017456663
IRS990/PartialLiquidationInd00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt05427177
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01863328
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0Stephen Cohn
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt05490300
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt01964458
IRS990/PYInvestmentIncomeAmt06135095
IRS990/PYOtherExpensesAmt03909560
IRS990/PYOtherRevenueAmt0306315
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt06057692
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt05874018
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt011931710
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt04738238
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt0304242
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt06832391
IRS990/SavingsAndTempCashInvstGrp/EOYAmt07739504
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt04515232
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt05490300
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt011108462
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt09738108
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt04476134
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt035328236
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt06485136
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt06135095
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt05545949
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt02618637
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt01170276
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt021955093
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt02257200
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt01875
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt02073
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt0251875
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt0156
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0255979
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.41830
IRS990ScheduleA/PublicSupportPY170Pct00.44570
IRS990ScheduleA/PublicSupportTotal170Amt024066963
IRS990ScheduleA/SubstantialContributorsTotAmt011261273
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt04515232
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt05490300
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt011108462
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt09738108
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt04476134
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt035328236
IRS990ScheduleA/TotalSupportAmt057539308
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt012094487
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0993434
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt013087921
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0243718
IRS990ScheduleD/DonatedServicesUseFcltsAmt0243718
IRS990ScheduleD/ExpensesNotReportedAmt0570915
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt06568247
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0165000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0165000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt055941409
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Bonds receivable
IRS990ScheduleD/OtherExpensesIncludedAmt0327197
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0809104
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Interest payable
IRS990ScheduleD/OtherRevenueAmt0327197
IRS990ScheduleD/RevenueNotReportedAmt0570915
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt011306485
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Organization accounts for uncertainty in income taxes in accordance with ASC Topic, Income Taxes. This standard clarifies the accounting for uncertainty in tax positions and prescribes a recognition threshold and measurement attribute for the consolidated financial statements regarding a tax position taken or expected to be taken in a tax return. The Organization has determined that there are no uncertain tax positions which qualify for either recognition or disclosure in the consolidated financial statements at June 30, 2019 and 2018. The Organization's information returns are subject to examination by Federal and state jurisdictions.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Depreciation expense deducted from rental income 327,197.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Depreciation on Form 990 is reported net of rental income 327,197.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XI, Line 2d - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XII, Line 2d - Other Adjustments:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt012259487
IRS990ScheduleD/TotalBookValueOtherAssetsAmt055941409
IRS990ScheduleD/TotalExpensesPerForm990Amt06568247
IRS990ScheduleD/TotalLiabilityAmt0809104
IRS990ScheduleD/TotalRevenuePerForm990Amt011306485
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt011877400
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt07139162
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0445217
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0College Scholarships
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0Cash value
IRS990ScheduleI/RecipientTable/CashGrantAmt02079974
IRS990ScheduleI/RecipientTable/CashGrantAmt1-29885
IRS990ScheduleI/RecipientTable/CashGrantAmt24920
IRS990ScheduleI/RecipientTable/CashGrantAmt3-8610
IRS990ScheduleI/RecipientTable/CashGrantAmt421980
IRS990ScheduleI/RecipientTable/CashGrantAmt51321
IRS990ScheduleI/RecipientTable/CashGrantAmt620236
IRS990ScheduleI/RecipientTable/CashGrantAmt7-8596
IRS990ScheduleI/RecipientTable/CashGrantAmt8164971
IRS990ScheduleI/RecipientTable/CashGrantAmt95936
IRS990ScheduleI/RecipientTable/CashGrantAmt1097157
IRS990ScheduleI/RecipientTable/CashGrantAmt11967
IRS990ScheduleI/RecipientTable/CashGrantAmt126955
IRS990ScheduleI/RecipientTable/CashGrantAmt13-4537
IRS990ScheduleI/RecipientTable/CashGrantAmt14130
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc2501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc3501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc4501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc5501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc6501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc7501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc8501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc9501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc10501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc11501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc12501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc13501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc14501(c)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Charter school support, development and expansion
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1Charter school support- Unused Grant to Be Returned
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2Charter school support
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3Charter school support- Unused Grant to Be Returned
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4Charter school support
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt5Charter school support
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt6Charter school support
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt7Charter school support- Unused Grant to Be Returned
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt8Charter school support
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt9Charter school support
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt10Charter school support
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt11Charter school support
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt12Charter school support
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt13Charter school support- Unused Grant to Be Returned
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt14Charter school support
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Mastery Charter High School
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1Mastery Charter School - Thomas Campus
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2Mastery Charter School - Shoemaker Campus
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3Mastery Charter School - Pickett Campus
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4Mastery Charter School - Harrity Elementary
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt5Mastery Charter School - Mann Elementary
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt6Mastery Charter School - Smedley Elementary
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt7Hardy Williams Academy Charter School
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt8Mastery Charter School - Gratz Campus
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt9Grover Cleveland Mastery Charter School
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt10Mastery Charter Schools of Camden
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt11Francis D Pastorius Mastery Charter School
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt12Frederick Douglass Mastery Charter School
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt13Mastery Charter School - Clymer Elementary
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt14Mastery Charter School - Wister Campus
IRS990ScheduleI/RecipientTable/RecipientEIN0233060542
IRS990ScheduleI/RecipientTable/RecipientEIN1204861191
IRS990ScheduleI/RecipientTable/RecipientEIN2204861234
IRS990ScheduleI/RecipientTable/RecipientEIN3651308951
IRS990ScheduleI/RecipientTable/RecipientEIN4272575445
IRS990ScheduleI/RecipientTable/RecipientEIN5272575568
IRS990ScheduleI/RecipientTable/RecipientEIN6272575502
IRS990ScheduleI/RecipientTable/RecipientEIN7522173268
IRS990ScheduleI/RecipientTable/RecipientEIN8452107493
IRS990ScheduleI/RecipientTable/RecipientEIN9462846820
IRS990ScheduleI/RecipientTable/RecipientEIN10465158488
IRS990ScheduleI/RecipientTable/RecipientEIN11462846820
IRS990ScheduleI/RecipientTable/RecipientEIN12800619248
IRS990ScheduleI/RecipientTable/RecipientEIN13452107667
IRS990ScheduleI/RecipientTable/RecipientEIN14812713543
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt035 South 4th Street

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$111,350,537
Liabilities
$67,106,951
Net assets
$44,243,586
Revenue
$11,306,485
Expenses
$6,568,247
Net income
$4,738,238
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$113$61.0$52.5$9.71$6.38$3.34
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$111$62.3$48.6$9.94$6.66$3.28
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$112$63.2$49.1$8.53$6.91$1.62
2020Detailed filing. Detailed filing data is available for this year.$111$67.1$44.2$11.3$6.57$4.74
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$110$70.3$39.5$11.9$5.87$6.06
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$107$73.2$33.9$17.1$8.31$8.80
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$102$77.1$25.1$13.8$7.77$6.07
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$58.3$39.3$19.0$5.90$8.38$2.48
2015Detailed filing. Detailed filing data is available for this year.$26.9$5.36$21.5$8.56$3.88$4.68
2014Detailed filing. Detailed filing data is available for this year.$19.0$2.15$16.9$12.0$7.62$4.38
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.1$1.64$12.5$4.26
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.6$4.32$13.2$7.27
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.7$1.51$15.2$1.36
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.2$0.01$13.2$0.41