Civic Intelligence

Multicultural Academy Charter School

990 • Fiscal year 2016 • EIN 23-2921398

Jul 01, 2015 to Jun 30, 2016 • Filed on Feb 04, 2017

Organization ProfileN/A
3821 N Broad StreetPhiladelphia, PA 19140

(215) 227-0513

Siviq Scores

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

Liabilities / Assets

98th percentile

1.83x

Higher debt load relative to assets than 98% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

87th percentile

1.33x

Higher debt load relative to revenue than 87% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

37th percentile

-1.4%

Higher net margin than 37% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

87th percentile

$179,432

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 6.3% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

41st percentile

-0.8%

Faster asset growth than 41% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

38th percentile

-1.3%

Faster revenue growth than 38% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets98th percentile

Assets

Down

$2,047,814

Down $17,127 (-0.8%) from 2015

Net Assets

Down

-$1,703,480

Down $38,884 (-2.3%) from 2015

Liabilities

Up

$3,751,294

Up $21,757 (+0.6%) from 2015

Revenue And Expenses
Liabilities / Revenue87th percentileNet Margin37th percentile

Revenue

Down

$2,829,285

Down $36,198 (-1.3%) from 2015

Expenses

Up

$2,868,169

Up $21,675 (+0.8%) from 2015

Net Income

Down

-$38,884

Down $57,873 (-305%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth41st percentile

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

$10M$5.0M$0-$5.0MAssets 2011: $2,144,488Liabilities 2011: $426,859Net Assets 2011: $1,717,6292011Assets 2012: $1,927,568Liabilities 2012: $259,886Net Assets 2012: $1,667,6822012Assets 2013: $1,337,371Liabilities 2013: $221,308Net Assets 2013: $1,116,0632013Assets 2014: $1,706,063Liabilities 2014: $397,916Net Assets 2014: $1,308,1472014Assets 2015: $2,064,941Liabilities 2015: $3,729,537Net Assets 2015: -$1,664,5962015Assets 2016: $2,047,814Liabilities 2016: $3,751,294Net Assets 2016: -$1,703,4802016Assets 2017: $2,488,013Liabilities 2017: $4,298,044Net Assets 2017: -$1,810,0312017Assets 2018: $2,332,470Liabilities 2018: $4,211,762Net Assets 2018: -$1,879,2922018Assets 2019: $2,263,889Liabilities 2019: $3,934,971Net Assets 2019: -$1,671,0822019Assets 2020: $2,662,848Liabilities 2020: $3,825,528Net Assets 2020: -$1,162,6802020Assets 2021: $3,209,884Liabilities 2021: $3,604,724Net Assets 2021: -$394,8402021Assets 2022: $7,826,256Liabilities 2022: $7,823,726Net Assets 2022: $2,5302022Assets 2023: $7,072,822Liabilities 2023: $7,061,562Net Assets 2023: $11,2602023Assets 2024: $6,983,469Liabilities 2024: $7,042,869Net Assets 2024: -$59,4002024

Highlighted filing

2016

Assets$2,047,814
Liabilities$3,751,294
Net Assets-$1,703,480
Open 2016 Filing

Operations Trend

Revenue Growth38th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $2,361,513Expenses 2011: $2,671,765Net Income 2011: -$310,2522011Revenue 2012: $2,736,065Expenses 2012: $2,786,012Net Income 2012: -$49,9472012Expenses 2013: $3,156,2872013Revenue 2014: $2,898,887Expenses 2014: $2,706,803Net Income 2014: $192,0842014Revenue 2015: $2,865,483Expenses 2015: $2,846,494Net Income 2015: $18,9892015Revenue 2016: $2,829,285Expenses 2016: $2,868,169Net Income 2016: -$38,8842016Revenue 2017: $3,084,665Expenses 2017: $3,191,216Net Income 2017: -$106,5512017Revenue 2018: $3,200,604Expenses 2018: $3,106,708Net Income 2018: $93,8962018Revenue 2019: $3,441,706Expenses 2019: $3,233,496Net Income 2019: $208,2102019Revenue 2020: $3,848,330Expenses 2020: $3,339,928Net Income 2020: $508,4022020Revenue 2021: $4,536,128Expenses 2021: $3,768,287Net Income 2021: $767,8412021Revenue 2022: $4,679,075Expenses 2022: $4,281,705Net Income 2022: $397,3702022Revenue 2023: $4,466,750Expenses 2023: $4,458,021Net Income 2023: $8,7292023Revenue 2024: $4,546,971Expenses 2024: $4,617,631Net Income 2024: -$70,6602024

Highlighted filing

2016

Revenue$2,829,285
Expenses$2,868,169
Net Income-$38,884
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Feb 4, 2017
Return Version
2015v3.0
Gross Receipts
$2,829,285
Mission and Program Overview

Mission

Multicultural academy charter school is a public charter school that provides basic education to children from grades 9 through 12.

Multicultural academy charter school is a public charter school that provides basic education to children from grades 9 through 12. The school enrolled 215 students this year, 16 graduated and all of them were enrolled in college (100%).

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,158,500$1,112,029▼ $46,471
Cash and Non-Interest-Bearing Accounts$568,268$538,455▼ $29,813
Prepaid Expenses and Deferred Charges$264,282$307,700▲ $43,418
Pledges and Grants Receivable$58,824$85,504▲ $26,680
Accounts Receivable$15,067$4,126▼ $10,941
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$2,064,941$2,047,814▼ $17,127
Other Assets Total-$0-
Liabilities
Other Liabilities$3,309,000$3,371,000▲ $62,000
Accounts Payable and Accrued Expenses$329,367$289,124▼ $40,243
Mortgage Notes Payable Secured by Investment Property$91,170$91,170→ $0
Total Liabilities$3,729,537$3,751,294▲ $21,757
Net Assets / Fund Balance
Unrestricted Net Assets$-1,664,596$-1,703,480▼ $38,884
Total Net Assets Fund Balance$-1,664,596$-1,703,480▼ $38,884
Total Liabilities and Net Assets / Fund Balance$2,064,941$2,047,814▼ $17,127

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$1,063,109$152,513$1,215,622
Equipment$48,920$496,603$545,523
Compensation and Service Providers
Top Officer Pay87th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
James HigginsCEOFT$161,441$17,991$17,991

Board Members and Trustees

NameTitle
Alan KleinPresident
Andrew WrightTrustee
Elaine BrownTrustee
Richard OlayaSecretary
Phillip HammondVice Pres/treas
Revenue and Support

Revenue Composition

Contributions and Grants
$275,373
Program Service Revenue
$2,553,315
Investment Income
$597
Other Revenue
$0
Change in Net Assets
$-38,884

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,829,285
Total Revenue per Audited Statements
$2,829,285
Total Revenue per Form 990
$2,829,285
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,921,313
Other Expenses$946,856
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,023,182$135,891-$1,159,073
Occupancy$435,291--$435,291
Pension Plan Contributions$219,907$81,026-$300,933
Other Employee Benefits$138,015$54,731-$192,746
Current Officers, Directors, Trustees, and Key Employees-$149,957-$149,957
Payroll Taxes$94,301$24,303-$118,604
Fees for Services Accounting-$61,368-$61,368
Insurance-$56,321-$56,321
All Other Expenses$40,689$13,930-$54,619
Depreciation Depletion$46,470--$46,470
Information Technology$36,525--$36,525
Other Expenses$20,786--$20,786
Fees for Services Legal-$8,758-$8,758
Interest-$2,735-$2,735
Advertising-$1,230-$1,230
Total Functional Expenses$2,277,919$590,250$0$2,868,169

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,868,169
Total Expenses per Audited Statements$2,868,169
Total Expenses per Form 990$2,868,169
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Net Pension Liability$3,249,000
Deferred Inflows of Resources$122,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

“Board of trustees will review prior to filing.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“Monitored through regular board meetings.”

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

“The board determines compensation for the ceo and all employees using comparable data from other charter schools and the school district of philadelphia.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“Governing documents, conflict of interest policies and financial statements are made available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Multicultural Academy Charter School
EIN
23-2921398
Phone
2152270513
Address
3821 N BROAD STREET, PHILADELPHIA, PA 19140

Signing Officer

Name
James Higgins
Title
CEO
Signed
2017-02-04
Discuss with paid preparer
Yes

Organization Details

Legal Domicile
Pa
Voting Board Members
5
Independent Board Members
5
Employees
33

Preparer

Firm
Sd Associates Pc
Address
300 Yorktown Plaza, Elkins Park, PA 19027
Preparer
Keith J Drobnes
Phone
2155175600
Raw XML AppendixShowing 400 of 430 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/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0329367
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0289124
IRS990/AccountsReceivableGrp/BOYAmt015067
IRS990/AccountsReceivableGrp/EOYAmt04126
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0MULTICULTURAL ACADEMY CHARTER SCHOOL IS A PUBLIC CHARTER SCHOOL THAT PROVIDES BASIC EDUCATION TO CHILDREN FROM GRADES 9 THROUGH 12. THE SCHOOL ENROLLED 215 STUDENTS THIS YEAR, 16 GRADUATED AND ALL OF THEM WERE ENROLLED IN COLLEGE (100%).
IRS990/AdvertisingGrp/ManagementAndGeneralAmt01230
IRS990/AdvertisingGrp/TotalAmt01230
IRS990/AllAffiliatesIncludedInd0false
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt013930
IRS990/AllOtherExpensesGrp/ProgramServicesAmt040689
IRS990/AllOtherExpensesGrp/TotalAmt054619
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0REGINA STEWART
IRS990/BooksInCareOfDetail/PhoneNum02152270513
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt03821 N BROAD STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0PHILADELPHIA
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0PA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd019140
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0568268
IRS990/CashNonInterestBearingGrp/EOYAmt0538455
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt0149957
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0149957
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0275373
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0597
IRS990/CYOtherExpensesAmt0946856
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt02553315
IRS990/CYRevenuesLessExpensesAmt0-38884
IRS990/CYSalariesCompEmpBnftPaidAmt01921313
IRS990/CYTotalExpensesAmt02868169
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt02829285
IRS990/DAFExcessBusinessHoldingsInd0false
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ProgramServicesAmt046470
IRS990/DepreciationDepletionGrp/TotalAmt046470
IRS990/Desc0MULTICULTURAL ACADEMY IS A PUBLIC CHARTER HIGH SCHOOL WHICH SERVES STUDENTS THROUGHOUT THE CITY OF PHILADELPHIA.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DistributionToDonorInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt033
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/EscrowAccountInd0false
IRS990/ExpenseAmt02277919
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt061368
IRS990/FeesForServicesAccountingGrp/TotalAmt061368
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt08758
IRS990/FeesForServicesLegalGrp/TotalAmt08758
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/TotalAmt00
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282FiledCnt00
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.25
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.25
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.25
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.25
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.25
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt540.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt517991
IRS990/Form990PartVIISectionAGrp/PersonNm0PHILLIP HAMMOND
IRS990/Form990PartVIISectionAGrp/PersonNm1ALAN KLEIN
IRS990/Form990PartVIISectionAGrp/PersonNm2ANDREW WRIGHT
IRS990/Form990PartVIISectionAGrp/PersonNm3ELAINE BROWN
IRS990/Form990PartVIISectionAGrp/PersonNm4RICHARD OLAYA
IRS990/Form990PartVIISectionAGrp/PersonNm5JAMES HIGGINS
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt5161441
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/TitleTxt0VICE PRES/TREAS
IRS990/Form990PartVIISectionAGrp/TitleTxt1President
IRS990/Form990PartVIISectionAGrp/TitleTxt2Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt3Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt4Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt5CEO
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/Form990TFiledInd0false
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GovernmentGrantsAmt0275373
IRS990/GrantAmt0275373
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt02829285
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt05
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt036525
IRS990/InformationTechnologyGrp/TotalAmt036525
IRS990/InsuranceGrp/ManagementAndGeneralAmt056321
IRS990/InsuranceGrp/TotalAmt056321
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/ManagementAndGeneralAmt02735
IRS990/InterestGrp/TotalAmt02735
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0597
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0597
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt010
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0649116
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01158500
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01112029
IRS990/LandBldgEquipCostOrOtherBssAmt01761145
IRS990/LegalDomicileStateCd0PA
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0MULTICULTURAL ACADEMY CHARTER SCHOOL IS A PUBLIC CHARTER SCHOOL THAT PROVIDES BASIC EDUCATION TO CHILDREN FROM GRADES 9 THROUGH 12. THE SCHOOL ENROLLED 215 STUDENTS THIS YEAR, 16 GRADUATED AND ALL OF THEM WERE ENROLLED IN COLLEGE (100%).
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt091170
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt091170
IRS990/NetAssetsOrFundBalancesBOYAmt0-1664596
IRS990/NetAssetsOrFundBalancesEOYAmt0-1703480
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt0435291
IRS990/OccupancyGrp/TotalAmt0435291
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt054731
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0138015
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0192746
IRS990/OtherExpensesGrp/Desc0PROFESSIONAL SERVICES
IRS990/OtherExpensesGrp/Desc1REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc2SUPPLIES
IRS990/OtherExpensesGrp/Desc3STUDENT ACTIVITIES
IRS990/OtherExpensesGrp/ProgramServicesAmt0107847
IRS990/OtherExpensesGrp/ProgramServicesAmt185690
IRS990/OtherExpensesGrp/ProgramServicesAmt229216
IRS990/OtherExpensesGrp/ProgramServicesAmt320786
IRS990/OtherExpensesGrp/TotalAmt0107847
IRS990/OtherExpensesGrp/TotalAmt185690
IRS990/OtherExpensesGrp/TotalAmt229216
IRS990/OtherExpensesGrp/TotalAmt320786
IRS990/OtherLiabilitiesGrp/BOYAmt03309000
IRS990/OtherLiabilitiesGrp/EOYAmt03371000
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0135891
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01023182
IRS990/OtherSalariesAndWagesGrp/TotalAmt01159073
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt024303
IRS990/PayrollTaxesGrp/ProgramServicesAmt094301
IRS990/PayrollTaxesGrp/TotalAmt0118604
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt081026
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0219907
IRS990/PensionPlanContributionsGrp/TotalAmt0300933
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt058824
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt085504
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0264282
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0307700
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0OTHER
IRS990/ProgramServiceRevenueGrp/Desc1STUDENT ACTIVITIES
IRS990/ProgramServiceRevenueGrp/Desc2TUITION
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt031431
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt116288
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt22505596
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt031431
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt116288
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt22505596
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0282110
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0634
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0936576
IRS990/PYProgramServiceRevenueAmt02582739
IRS990/PYRevenuesLessExpensesAmt018989
IRS990/PYSalariesCompEmpBnftPaidAmt01909918
IRS990/PYTotalExpensesAmt02846494
IRS990/PYTotalRevenueAmt02865483
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-38884
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt02553912
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt048920
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0496603
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0545523
IRS990ScheduleD/ExpensesSubtotalAmt02868169
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt01063109
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0152513
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01215622
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0122000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt13249000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED INFLOWS OF RESOURCES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1NET PENSION LIABILITY
IRS990ScheduleD/RevenueSubtotalAmt02829285
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01112029
IRS990ScheduleD/TotalExpensesPerForm990Amt02868169
IRS990ScheduleD/TotalLiabilityAmt03371000
IRS990ScheduleD/TotalRevenuePerForm990Amt02829285
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02829285
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02868169
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Line 4 - Explanation of Records and Materials Not Maintained
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2Schedule E, Line 5 - Explanation of Organization Discrimination by Race
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990ScheduleJ/RebuttablePresumptionProcInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt017991
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JAMES HIGGINS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt017991
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BOARD OF TRUSTEES WILL REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MONITORED THROUGH REGULAR BOARD MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD DETERMINES COMPENSATION FOR THE CEO AND ALL EMPLOYEES USING COMPARABLE DATA FROM OTHER CHARTER SCHOOLS AND THE SCHOOL DISTRICT OF PHILADELPHIA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02064941
IRS990/TotalAssetsEOYAmt02047814
IRS990/TotalAssetsGrp/BOYAmt02064941
IRS990/TotalAssetsGrp/EOYAmt02047814
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalContributionsAmt0275373
IRS990/TotalEmployeeCnt033
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0590250
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02277919
IRS990/TotalFunctionalExpensesGrp/TotalAmt02868169
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03729537
IRS990/TotalLiabilitiesEOYAmt03751294
IRS990/TotalLiabilitiesGrp/BOYAmt03729537
IRS990/TotalLiabilitiesGrp/EOYAmt03751294
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-1664596
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-1703480
IRS990/TotalOtherCompensationAmt017991
IRS990/TotalProgramServiceExpensesAmt02277919
IRS990/TotalProgramServiceRevenueAmt02553315
IRS990/TotalReportableCompFromOrgAmt0161441
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02553912
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02829285
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02064941
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02047814
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-1664596
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-1703480

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,047,814
Liabilities
$3,751,294
Net assets
-$1,703,480
Revenue
$2,829,285
Expenses
$2,868,169
Net income
-$38,884
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$6.98$7.04$0.06$4.55$4.62$0.07
2023Detailed filing. Detailed filing data is available for this year.$7.07$7.06$0.01$4.47$4.46$0.01
2022Detailed filing. Detailed filing data is available for this year.$7.83$7.82$0.00$4.68$4.28$0.40
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.21$3.60$0.39$4.54$3.77$0.77
2020Detailed filing. Detailed filing data is available for this year.$2.66$3.83$1.16$3.85$3.34$0.51
2019Detailed filing. Detailed filing data is available for this year.$2.26$3.93$1.67$3.44$3.23$0.21
2018Detailed filing. Detailed filing data is available for this year.$2.33$4.21$1.88$3.20$3.11$0.09
2017Detailed filing. Detailed filing data is available for this year.$2.49$4.30$1.81$3.08$3.19$0.11
2016Detailed filing. Detailed filing data is available for this year.$2.05$3.75$1.70$2.83$2.87$0.04
2015Detailed filing. Detailed filing data is available for this year.$2.06$3.73$1.66$2.87$2.85$0.02
2014Detailed filing. Detailed filing data is available for this year.$1.71$0.40$1.31$2.90$2.71$0.19
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.34$0.22$1.12$3.16
2012Summary only. Only limited summary data is available for this year.$1.93$0.26$1.67$2.74$2.79$0.05
2011Summary only. Only limited summary data is available for this year.$2.14$0.43$1.72$2.36$2.67$0.31