Civic Intelligence

Belmont Charter School

990 • Fiscal year 2015 • EIN 37-1437182

Jul 01, 2014 to Jun 30, 2015 • Filed on May 12, 2016

1630 Locust StreetPhiladelphia, PA 19103

(215) 790-1294

Siviq Scores

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

Liabilities / Assets

88th percentile

0.87x

Higher debt load relative to assets than 88% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Liabilities / Revenue

69th percentile

0.46x

Higher debt load relative to revenue than 69% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Net Margin

28th percentile

-3.0%

Higher net margin than 28% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Top Officer Pay

19th percentile

$0

Higher top officer pay than 19% of similar nonprofits.

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

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Asset Growth

97th percentile

101%

Faster asset growth than 97% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Revenue Growth

53rd percentile

4.5%

Faster revenue growth than 53% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Assets

Up

$3,871,982

Up $1,946,529 (+101%) from 2014

Net Assets

Down

$513,533

Down $127,980 (-20%) from 2014

Liabilities

Up

$3,358,449

Up $2,074,509 (+162%) from 2014

Revenue

Up

$7,224,544

Up $308,243 (+4.5%) from 2014

Expenses

Up

$7,443,929

Up $645,846 (+9.5%) from 2014

Net Income

Down

-$219,385

Down $337,603 (-286%) from 2014

Historical Trend

Balance Sheet Trend

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

$20M$10M$0-$10M-$20MAssets 2013: $1,671,825Liabilities 2013: $1,148,530Net Assets 2013: $523,2952013Assets 2014: $1,925,453Liabilities 2014: $1,283,940Net Assets 2014: $641,5132014Assets 2015: $3,871,982Liabilities 2015: $3,358,449Net Assets 2015: $513,5332015Assets 2016: $4,106,995Liabilities 2016: $16,023,374Net Assets 2016: -$11,916,3792016Assets 2017: $4,463,943Liabilities 2017: $15,219,144Net Assets 2017: -$10,755,2012017Assets 2018: $3,862,617Liabilities 2018: $15,223,002Net Assets 2018: -$11,360,3852018Assets 2019: $3,650,710Liabilities 2019: $14,212,196Net Assets 2019: -$10,561,4862019Assets 2020: $3,386,573Liabilities 2020: $12,988,149Net Assets 2020: -$9,601,5762020Assets 2021: $5,518,933Liabilities 2021: $12,006,012Net Assets 2021: -$6,487,0792021Assets 2022: $6,922,339Liabilities 2022: $11,084,467Net Assets 2022: -$4,162,1282022Assets 2023: $7,419,976Liabilities 2023: $9,834,095Net Assets 2023: -$2,414,1192023Assets 2024: $8,550,056Liabilities 2024: $10,122,392Net Assets 2024: -$1,572,3362024

Highlighted filing

2015

Assets$3,871,982
Liabilities$3,358,449
Net Assets$513,533

Operations Trend

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

$30M$20M$10M$0-$10MExpenses 2013: $6,416,1662013Revenue 2014: $6,916,301Expenses 2014: $6,798,083Net Income 2014: $118,2182014Revenue 2015: $7,224,544Expenses 2015: $7,443,929Net Income 2015: -$219,3852015Revenue 2016: $6,631,281Expenses 2016: $9,759,043Net Income 2016: -$3,127,7622016Revenue 2017: $9,280,944Expenses 2017: $10,067,503Net Income 2017: -$786,5592017Revenue 2018: $11,927,450Expenses 2018: $12,044,926Net Income 2018: -$117,4762018Revenue 2019: $14,769,557Expenses 2019: $13,970,658Net Income 2019: $798,8992019Revenue 2020: $15,631,756Expenses 2020: $14,671,846Net Income 2020: $959,9102020Revenue 2021: $18,285,038Expenses 2021: $15,170,541Net Income 2021: $3,114,4972021Revenue 2022: $21,008,354Expenses 2022: $18,683,403Net Income 2022: $2,324,9512022Revenue 2023: $23,142,305Expenses 2023: $21,394,295Net Income 2023: $1,748,0102023Revenue 2024: $24,419,274Expenses 2024: $23,577,491Net Income 2024: $841,7832024

Highlighted filing

2015

Revenue$7,224,544
Expenses$7,443,929
Net Income-$219,385
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
May 12, 2016
Return Version
2014v6.0
Gross Receipts
$7,224,544
Mission and Program Overview

Mission

Operation of Charter School.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,294,613$1,993,519▲ $698,906
Land, Buildings, and Equipment, Net$207,190$213,370▲ $6,180
Accounts Receivable$382,086$198,118▼ $183,968
Prepaid Expenses and Deferred Charges-$38,382-
Total Assets$1,925,453$3,871,982▲ $1,946,529
Other Assets Total$41,564$1,428,593▲ $1,387,029
Liabilities
Other Liabilities$370,684$2,207,249▲ $1,836,565
Accounts Payable and Accrued Expenses$913,256$1,151,200▲ $237,944
Total Liabilities$1,283,940$3,358,449▲ $2,074,509
Net Assets / Fund Balance
Unrestricted Net Assets$641,513$513,533▼ $127,980
Total Net Assets Fund Balance$641,513$513,533▼ $127,980
Total Liabilities and Net Assets / Fund Balance$1,925,453$3,871,982▲ $1,946,529

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$213,370$349,566-
Other Assets Org$1,433,745--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Michael KarpPresident
Kristen KoenigsbauerBoard
Dominique ReiffBoard Member
Kristin JohnsonBoard Member
Leslie ConveySecretary
Athena KarpTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Neds Metropolitan Cleaning ServicesCleaning Services319 MONTGOMERY AVE, Phoenixville, PA 19460$129,995
Ecduation Plus INCEducation Services970 SPROUL RD, Bryn Mawr, PA 19010$110,000
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$7,224,544
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-219,385
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,721,433
Other Expenses$2,722,496
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,645,591$704,295$0$3,349,886
Pension Plan Contributions$548,918$145,142$0$694,060
All Other Expenses$289,137$261,380$0$550,517
Other Expenses$0$375,569$0$375,569
Fees for Services Management$0$369,937$0$369,937
Other Employee Benefits$281,466$88,103$0$369,569
Payroll Taxes$242,078$65,840$0$307,918
Occupancy$0$274,460$0$274,460
Fees for Services Other$100,000$0$0$100,000
Fees for Services Accounting$0$57,575$0$57,575
Depreciation Depletion$500$40,100$0$40,600
Travel$11,596$0$0$11,596
Total Functional Expenses$4,911,072$2,532,857$0$7,443,929
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

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Community Ed Alliance of West PhilaSupport Org 501c3Provides Ed ServicesNo$396,437
Belmont Academy CsSupport Org 501c3Lunch ProgramNo$391,615
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Pension Liability$1,033,000
Deferred Inflow of Resources$739,000
Due to CEA$435,249
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
Yes
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
Filing and Contact Details

Filer

Filer Name
Belmont Charter School
EIN
37-1437182
Phone
2157901294
Address
1630 Locust Street, Philadelphia, PA 19103

Signing Officer

Name
Michael Karp
Title
Board President
Phone
2157901294
Signed
2016-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Karp
Formed
2002
Legal Domicile
Pa
Voting Board Members
6
Independent Board Members
6
Employees
100
Volunteers
0

Preparer

Firm
Repice & Taylor Inc
Address
2901 S 15TH ST, PHILADELPHIA, PA 19145-4916
Preparer
Anthony Repicecpa
Phone
2157557603
Supplemental Narrative

Additional Explanations

Pt VI, Line 2

Micahel karp is related to athena karp

Pt VI, Line 7A

Charter school has a board that elects other board members

Pt VI, Line 11B

Form 990 is reviewed by the board

Pt VI, Line 12C

Conflict of interest statements are complated annually

Pt VI, Line 15A

Board approves all compensation

Pt VI, Line 15B

Board approves all compensation

Form 990, Part IX, Line 24F

Purchased services maintenance and repairs dues and fees utilities supplies approved private school insurance prop

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

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IRS990/ReconcilationRevenueExpnssAmt0-219385
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt07224544
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt0213370
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0349566
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0562936
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0-5152
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt11433745
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Due from Belmont Academy CS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DEFERRED OUTFLOW OF RESOURCES - RELATED TO PENSION
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0435249
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11033000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2739000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Due to CEA
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PENSION LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2DEFERRED INFLOW OF RESOURCES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0213370
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01428593
IRS990ScheduleD/TotalLiabilityAmt02207249
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0CHARTER SCHOOL LAW PROHIBITS DISCRIMINATION. CHARTER SCHOOL LAW PROHIBITS DISCRIMINATION
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Line 3
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0COMMUNITY ED ALLIANCE OF WEST PHILA
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm1BELMONT ACADEMY CS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0Support Org 501c3
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1Support Org 501c3
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd1false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0396437
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt1391615
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0Provides Ed Services
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1Lunch Program
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MICAHEL KARP IS RELATED TO ATHENA KARP
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CHARTER SCHOOL HAS A BOARD THAT ELECTS OTHER BOARD MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 IS REVIEWED BY THE BOARD
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CONFLICT OF INTEREST STATEMENTS ARE COMPLATED ANNUALLY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BOARD APPROVES ALL COMPENSATION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5BOARD APPROVES ALL COMPENSATION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6PURCHASED SERVICES MAINTENANCE AND REPAIRS DUES AND FEES UTILITIES SUPPLIES APPROVED PRIVATE SCHOOL INSURANCE PROP
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 24f
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Community Educatoin Alliance of West Phila
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0300092680
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0PA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0PROVIDE EDUCATION SERVICE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt01630 Locust Street
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Philadelphai
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0PA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd019103
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0true
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0true
IRS990ScheduleR/PerformOfServicesForOthOrgInd0true
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0true
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0true
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0true
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01925453
IRS990/TotalAssetsEOYAmt03871982
IRS990/TotalAssetsGrp/BOYAmt01925453
IRS990/TotalAssetsGrp/EOYAmt03871982
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt0100
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt02532857
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt04911072
IRS990/TotalFunctionalExpensesGrp/TotalAmt07443929
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01283940
IRS990/TotalLiabilitiesEOYAmt03358449
IRS990/TotalLiabilitiesGrp/BOYAmt01283940
IRS990/TotalLiabilitiesGrp/EOYAmt03358449
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0641513
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0513533
IRS990/TotalProgramServiceExpensesAmt04911072
IRS990/TotalProgramServiceRevenueAmt07224544

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.55$10.1$1.57$24.4$23.6$0.84
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.42$9.83$2.41$23.1$21.4$1.75
2022Detailed filing. Detailed filing data is available for this year.$6.92$11.1$4.16$21.0$18.7$2.32
2021Detailed filing. Detailed filing data is available for this year.$5.52$12.0$6.49$18.3$15.2$3.11
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.39$13.0$9.60$15.6$14.7$0.96
2019Detailed filing. Detailed filing data is available for this year.$3.65$14.2$10.6$14.8$14.0$0.80
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.86$15.2$11.4$11.9$12.0$0.12
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.46$15.2$10.8$9.28$10.1$0.79
2016Detailed filing. Detailed filing data is available for this year.$4.11$16.0$11.9$6.63$9.76$3.13
2015Detailed filing. Detailed filing data is available for this year.$3.87$3.36$0.51$7.22$7.44$0.22
2014Detailed filing. Detailed filing data is available for this year.$1.93$1.28$0.64$6.92$6.80$0.12
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.67$1.15$0.52$6.42