Civic Intelligence

Multicultural Academy Charter School

990 • Fiscal year 2022 • EIN 23-2921398

Jul 01, 2021 to Jun 30, 2022 • Filed on Mar 29, 2023

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

94th percentile

1.00x

Higher debt load relative to assets than 94% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Liabilities / Revenue

89th percentile

1.67x

Higher debt load relative to revenue than 89% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Net Margin

54th percentile

8.5%

Higher net margin than 54% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Top Officer Pay

75th percentile

$194,401

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 4.2% of source-year revenue.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Asset Growth

96th percentile

144%

Faster asset growth than 96% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Revenue Growth

47th percentile

3.2%

Faster revenue growth than 47% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets94th percentile

Assets

Up

$7,826,256

Up $4,616,372 (+144%) from 2021

Net Assets

Up

$2,530

Up $397,370 (+101%) from 2021

Liabilities

Up

$7,823,726

Up $4,219,002 (+117%) from 2021

Revenue And Expenses
Liabilities / Revenue89th percentileNet Margin54th percentile

Revenue

Up

$4,679,075

Up $142,947 (+3.2%) from 2021

Expenses

Up

$4,281,705

Up $513,418 (+14%) from 2021

Net Income

Down

$397,370

Down $370,471 (-48%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth96th 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

2022

Assets$7,826,256
Liabilities$7,823,726
Net Assets$2,530
Open 2022 Filing

Operations Trend

Revenue Growth47th 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

2022

Revenue$4,679,075
Expenses$4,281,705
Net Income$397,370
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Mar 29, 2023
Return Version
2021v4.1
Gross Receipts
$4,679,075
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Intangible Assets-$4,272,841-
Cash and Non-Interest-Bearing Accounts$1,143,727$1,432,467▲ $288,740
Land, Buildings, and Equipment, Net$1,370,636$1,398,144▲ $27,508
Pledges and Grants Receivable$173,121$124,993▼ $48,128
Prepaid Expenses and Deferred Charges$42,051$36,384▼ $5,667
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$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-
Inventories for Sale or Use-$0-
Total Assets$3,209,884$7,826,256▲ $4,616,372
Other Assets Total$480,349$561,427▲ $81,078
Liabilities
Other Liabilities$3,230,194$7,301,756▲ $4,071,562
Accounts Payable and Accrued Expenses$374,530$521,970▲ $147,440
Total Liabilities$3,604,724$7,823,726▲ $4,219,002
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-394,840$2,530▲ $397,370
Total Net Assets Fund Balance$-394,840$2,530▲ $397,370
Total Liabilities and Net Assets / Fund Balance$3,209,884$7,826,256▲ $4,616,372

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$1,017,295$343,583$1,360,878
Equipment$380,849$758,077$1,138,926
Other Assets Org$441,303--
Compensation and Service Providers
Top Officer Pay75th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
James HigginsCEOFT$154,872$39,529$194,401
Scott WalshPrincipalFT$106,578$15,040$121,618

Board Members and Trustees

NameTitle
Phillip HammondPresident
Antonio BurrellVice President
Elaine BrownTrustee
Richard OlayaTrustee
Janelle FitzpatrickSecretary
Frank ManninoTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$935,082
Program Service Revenue
$3,742,559
Investment Income
$1,434
Other Revenue
$0
Change in Net Assets
$397,370

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,679,075
Total Revenue per Audited Statements
$4,679,075
Total Revenue per Form 990
$4,679,075
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,496,367
Other Expenses$1,785,338
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,462,362$365,121-$1,827,483
Depreciation Depletion$517,580--$517,580
Other Employee Benefits$272,543$77,730-$350,273
All Other Expenses$102,247$178,653-$280,900
Interest$204,932--$204,932
Current Officers, Directors, Trustees, and Key Employees-$173,386-$173,386
Payroll Taxes$115,066$40,684-$155,750
Other Expenses$93,358$3,663-$93,358
Occupancy$83,012--$83,012
Insurance-$80,544-$80,544
Fees for Services Accounting-$66,160-$66,160
Information Technology-$37,797-$37,797
Fees for Services Legal-$13,633-$13,633
Advertising-$5,481-$5,481
Office Expenses-$675-$675
Pension Plan Contributions$17,586$-28,111-$-10,525
Total Functional Expenses$3,124,630$1,157,075$0$4,281,705

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,281,705
Total Expenses per Audited Statements$4,281,705
Total Expenses per Form 990$4,281,705
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
Lease Liabilities$4,392,579
Net Pension Liability$2,299,000
Deferred Inflows of Resources$477,177
Net Opeb Liability$133,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
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
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
2023-03-29
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
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

“The School is exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Service Code. The School adopted the provisions of ASC 740-10, Accounting for Uncertainty in Income Taxes. Management evaluated the School's tax positions and concluded that the School had taken no uncertain tax positions that require adjustment to the financial statements to comply with the provisions of this guidance. The School files a Return of Organizations Exempt from Income Tax annually. The School's returns for 2019, 2020, and 2021 are subject to examination by the IRS, generally for three years after they were filed.”

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IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0675
IRS990/OfficeExpensesGrp/TotalAmt0675
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0480349
IRS990/OtherAssetsTotalGrp/EOYAmt0561427
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt077730
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0272543
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0350273
IRS990/OtherExpensesGrp/Desc0OTHER PURCHASED SERVICES
IRS990/OtherExpensesGrp/Desc1PROFESSIONAL SVCS.-SPED
IRS990/OtherExpensesGrp/Desc2PROFESSIONAL SERVICES
IRS990/OtherExpensesGrp/Desc3OTHER PURCHASED SVCS.-SPED
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0141659
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt13663
IRS990/OtherExpensesGrp/ProgramServicesAmt052857
IRS990/OtherExpensesGrp/ProgramServicesAmt1107237
IRS990/OtherExpensesGrp/ProgramServicesAmt295850
IRS990/OtherExpensesGrp/ProgramServicesAmt393358
IRS990/OtherExpensesGrp/TotalAmt0194516
IRS990/OtherExpensesGrp/TotalAmt1107237
IRS990/OtherExpensesGrp/TotalAmt299513
IRS990/OtherExpensesGrp/TotalAmt393358
IRS990/OtherLiabilitiesGrp/BOYAmt03230194
IRS990/OtherLiabilitiesGrp/EOYAmt07301756
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0365121
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01462362
IRS990/OtherSalariesAndWagesGrp/TotalAmt01827483
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt040684
IRS990/PayrollTaxesGrp/ProgramServicesAmt0115066
IRS990/PayrollTaxesGrp/TotalAmt0155750
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0-28111
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt017586
IRS990/PensionPlanContributionsGrp/TotalAmt0-10525
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0173121
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0124993
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt042051
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt036384
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0OTHER
IRS990/ProgramServiceRevenueGrp/Desc1TUITION
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt015213
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt13727346
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt015213
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt13727346
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0694034
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0927
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01410342
IRS990/PYProgramServiceRevenueAmt03841167
IRS990/PYRevenuesLessExpensesAmt0767841
IRS990/PYSalariesCompEmpBnftPaidAmt02357945
IRS990/PYTotalExpensesAmt03768287
IRS990/PYTotalRevenueAmt04536128
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0397370
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt03742559
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt0380849
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0758077
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01138926
IRS990ScheduleD/ExpensesSubtotalAmt04281705
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt01017295
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0343583
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01360878
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0120124
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1441303
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0CIP - RES HARDWARE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DEFERRED OUTFLOWS OF RESOURCES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0477177
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt14392579
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2133000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt32299000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED INFLOWS OF RESOURCES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1LEASE LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2NET OPEB LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3NET PENSION LIABILITY
IRS990ScheduleD/RevenueSubtotalAmt04679075
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The School is exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Service Code. The School adopted the provisions of ASC 740-10, Accounting for Uncertainty in Income Taxes. Management evaluated the School's tax positions and concluded that the School had taken no uncertain tax positions that require adjustment to the financial statements to comply with the provisions of this guidance. The School files a Return of Organizations Exempt from Income Tax annually. The School's returns for 2019, 2020, and 2021 are subject to examination by the IRS, generally for three years after they were filed.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01398144
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0561427
IRS990ScheduleD/TotalExpensesPerForm990Amt04281705
IRS990ScheduleD/TotalLiabilityAmt07301756
IRS990ScheduleD/TotalRevenuePerForm990Amt04679075
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04679075
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04281705
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/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0154872
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount011476
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt028053
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JAMES HIGGINS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0194401
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleJ/WrittenEmploymentContractInd0X
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/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt03209884
IRS990/TotalAssetsEOYAmt07826256
IRS990/TotalAssetsGrp/BOYAmt03209884
IRS990/TotalAssetsGrp/EOYAmt07826256
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalContributionsAmt0935082
IRS990/TotalEmployeeCnt033
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01157075
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03124630
IRS990/TotalFunctionalExpensesGrp/TotalAmt04281705

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,826,256
Liabilities
$7,823,726
Net assets
$2,530
Revenue
$4,679,075
Expenses
$4,281,705
Net income
$397,370
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