Civic Intelligence

String Theory Schools

990 • Fiscal year 2023 • EIN 45-2656760

Jul 01, 2022 to Jun 30, 2023 • Filed on May 10, 2024

Organization ProfileWWW.STRINGTHEORYSCHOOLS.COM
1600 Vine StreetPhiladelphia, PA 19102

(856) 505-1300

Siviq Scores

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

Liabilities / Assets

50th percentile

0.06x

Higher debt load relative to assets than 50% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

41st percentile

0.05x

Higher debt load relative to revenue than 41% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

59th percentile

8.8%

Higher net margin than 59% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

97th percentile

$429,543

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 10.4% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

67th percentile

12%

Faster asset growth than 67% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

48th percentile

5.5%

Faster revenue growth than 48% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets50th percentile

Assets

Flat

$2,995,732

Flat from 2023

Net Assets

Flat

$2,801,437

Flat from 2023

Liabilities

Flat

$194,295

Flat from 2023

Revenue And Expenses
Liabilities / Revenue41st percentileNet Margin59th percentile

Revenue

Flat

$4,139,575

Flat from 2023

Expenses

Flat

$3,774,842

Flat from 2023

Net Income

Flat

$364,733

Flat from 2023

Historical Trend

Balance Sheet Trend

Asset Growth67th percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2013: $1,165,769Liabilities 2013: $424,096Net Assets 2013: $741,6732013Assets 2014: $1,132,816Liabilities 2014: $275,105Net Assets 2014: $857,7112014Assets 2015: $1,213,378Liabilities 2015: $224,464Net Assets 2015: $988,9142015Assets 2016: $1,604,896Liabilities 2016: $390,087Net Assets 2016: $1,214,8092016Assets 2017: $1,904,732Liabilities 2017: $223,061Net Assets 2017: $1,681,6712017Assets 2018: $2,487,494Liabilities 2018: $338,157Net Assets 2018: $2,149,3372018Assets 2019: $2,756,795Liabilities 2019: $401,400Net Assets 2019: $2,355,3952019Assets 2020: $2,723,257Liabilities 2020: $251,409Net Assets 2020: $2,471,8482020Assets 2021: $3,302,982Liabilities 2021: $296,929Net Assets 2021: $3,006,0532021Assets 2022: $2,668,571Liabilities 2022: $231,867Net Assets 2022: $2,436,7042022Assets 2023: $2,995,732Liabilities 2023: $194,295Net Assets 2023: $2,801,4372023Assets 2023: $2,995,732Liabilities 2023: $194,295Net Assets 2023: $2,801,4372023

Highlighted filing

2023

Assets$2,995,732
Liabilities$194,295
Net Assets$2,801,437
Open 2023 Filing

Operations Trend

Revenue Growth48th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2013: $3,513,034Expenses 2013: $2,987,598Net Income 2013: $525,4362013Revenue 2014: $2,289,753Expenses 2014: $2,173,715Net Income 2014: $116,0382014Revenue 2015: $2,900,197Expenses 2015: $2,768,994Net Income 2015: $131,2032015Revenue 2016: $3,694,767Expenses 2016: $3,468,872Net Income 2016: $225,8952016Revenue 2017: $3,054,207Expenses 2017: $2,587,345Net Income 2017: $466,8622017Revenue 2018: $3,214,416Expenses 2018: $2,746,750Net Income 2018: $467,6662018Revenue 2019: $3,408,817Expenses 2019: $3,202,759Net Income 2019: $206,0582019Revenue 2020: $3,729,388Expenses 2020: $3,612,935Net Income 2020: $116,4532020Revenue 2021: $3,760,795Expenses 2021: $3,226,590Net Income 2021: $534,2052021Revenue 2022: $3,922,429Expenses 2022: $4,491,778Net Income 2022: -$569,3492022Revenue 2023: $4,139,575Expenses 2023: $3,774,842Net Income 2023: $364,7332023Revenue 2023: $4,139,575Expenses 2023: $3,774,842Net Income 2023: $364,7332023

Highlighted filing

2023

Revenue$4,139,575
Expenses$3,774,842
Net Income$364,733
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 10, 2024
Return Version
2022v5.0
Gross Receipts
$4,139,575
Mission and Program Overview

Mission

The primary mission of string theory schools is to provide an intellectually stimulating curriculum with an international focus, emphasizing the arts, languages, ideas, and histories, from an array of cultures from around the world. To meet its goals, the school draws heavily on the resources available in philadelphia- the museums, historic landmarks, businesses, schools, parks, communities, and families.

Provide stimulating curriculum with an international focus, emphasizing the arts, languages, ideas, and histories, from an array of cultures

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$2,545,519$2,841,424▲ $295,905
Accounts Receivable$711$50,911▲ $50,200
Land, Buildings, and Equipment, Net$67,848$49,311▼ $18,537
Prepaid Expenses and Deferred Charges$26,537$49,237▲ $22,700
Total Assets$2,668,571$2,995,732▲ $327,161
Other Assets Total$27,956$4,849▼ $23,107
Liabilities
Accounts Payable and Accrued Expenses$155,440$126,401▼ $29,039
Other Liabilities$76,427$67,894▼ $8,533
Total Liabilities$231,867$194,295▼ $37,572
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,436,704$2,801,437▲ $364,733
Total Net Assets Fund Balance$2,436,704$2,801,437▲ $364,733
Total Liabilities and Net Assets / Fund Balance$2,668,571$2,995,732▲ $327,161

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$49,311$228,961$278,272
Buildings$0$50,162$50,162
Compensation and Service Providers
Top Officer Pay97th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Angela CorosaniteCEOFT$385,061$44,482$429,543
J Jason CorosaniteCIOFT$242,595$41,545$284,140
Allison HusseyPsychologistFT$138,476$29,988$168,464
Michelle FaulknerDirector of Spec EdFT$142,558$24,990$167,548
Danielle ShylitDirector of InnovationFT$119,301$39,820$159,121
Greg BeidlemanDirector of TechFT$121,622$32,505$154,127
Thayne DibbleCompliance ManagerFT$119,016$29,666$148,682
Dina AngelinaDirector of Data ManagementFT$103,930$34,622$138,552
Thomas MoscaDirector of Teaching and LearningFT$107,648$3,879$111,527

Board Members and Trustees

NameTitle
MARY RITA D'ALESSANDROChairman
Devida JenkinsVice Chairman
David ReazerBoard Member
Frank GentherBoard Member
Norman BalchunasBoard Member
Sandra MillerSecretary
Joann SitoTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Sand & Saidel PCLegal Services113 SOUTH 21ST, Philadelphia, PA 19103$255,672
Jack Carr Dba Jc-st LLCProfessional Services1849 N VALLEY ROAD, Malvern, PA 19355$111,632
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$4,071,000
Investment Income
$22,750
Other Revenue
$45,825
Change in Net Assets
$364,733

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,139,575
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$4,139,575
Total Revenue per Form 990
$4,139,575
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,898,623
Other Expenses$876,219
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$879,551$705,765-$1,585,316
Other Salaries and Wages$569,154--$569,154
Other Employee Benefits$420,060$86,027-$506,087
Fees for Services Other$286,171--$286,171
Fees for Services Legal$242,545--$242,545
Payroll Taxes$113,126$33,963-$147,089
Office Expenses$71,060$57,440-$128,500
Pension Plan Contributions$60,445$30,532-$90,977
Insurance$89,910--$89,910
Fees for Services Management$65,629--$65,629
Depreciation Depletion$18,537--$18,537
Fees for Services Accounting$10,750--$10,750
Travel-$8,013-$8,013
Other Expenses$1,736$1,752-$1,736
Total Functional Expenses$2,832,662$942,180$0$3,774,842

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,774,842
Total Expenses per Audited Statements$3,774,842
Total Expenses per Form 990$3,774,842
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
-Mother/sonSalaries and BenefitNo$705,765
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Educational Consulting Services Retainers$67,894
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 35% controlled entity
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
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Angela corosanite ceo mother j.jason corosanite coo son angela corosanite ceo in-laws thomas corosanite dir. Facilit”

Form 990, Part VI, Section A, Line 3

“Santilli & thomson llc is the business office for the school and michael thomson/michael danyo act as the controller for the school”

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

“Form 990 is prepared by cpa firm, reviewed by business office, and then by the board”

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

“Organization reviews statements of financial interest that are filed by each board member on an annual basis for any potential conflicts”

Form 990, Part VI, Section B, Line 15

“Compensation process for officers: comprehensive survey or study of philadelphia area charter schools”

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
String Theory Schools
EIN
45-2656760
Phone
8565051300
Address
1600 VINE STREET, PHILADELPHIA, PA 19102

Signing Officer

Name
Angela Corosanite
Title
CEO
Phone
8565051300
Signed
2024-05-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Angela Corosanite
Formed
2011
Legal Domicile
Pa
Voting Board Members
7
Independent Board Members
7
Employees
19
Volunteers
6

Preparer

Firm
Haefele Flanagan & Co Pc
Address
1000 S LENOLA ROAD, MAPLE SHADE, NJ 08052
Preparer
David J Gill Jr
Phone
8567225300
Supplemental Narrative

Additional Explanations

Part XII, Line 2C

“The organization has not changed its oversight process nor its selection of an independent accountant during the tax process”

Financial Statement Notes

PART X, LINE 2:

“The org is a not-for-profit organization that is exempt from income taxes under section 501 (c) (3) of the internal revenue code. The org follows the accounting guidance for uncertainty in income taxes, which prescribes a recognition threshold and measurement attribute for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return and also provides guidance on various related matters such as derecognition, interest, penalties and disclosures required. The org believes that it has appropriate support for any tax position taken, and as such, does not have any uncertain tax positions that are material to the financial statements. The org's federal exempt organization business income tax returns (form 990) for 2022, 2021, and 2020 are subject to examination by the irs, generally three years after they were filed.”

Raw XML AppendixShowing 400 of 663 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.

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt8CIO
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR OF TECH
IRS990/Form990PartVIISectionAGrp/TitleTxt10COMPLIANCE MANAGER
IRS990/Form990PartVIISectionAGrp/TitleTxt11PSYCHOLOGIST
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR OF SPEC ED
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR OF INNOVATION
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR OF DATA MANAGEMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR OF TEACHING AND LEARNING
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02011
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantAmt00
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt04139575
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt09
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt089910
IRS990/InsuranceGrp/TotalAmt089910
IRS990/InvestmentIncomeGrp/ExclusionAmt022750
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt022750
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt011
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0279123
IRS990/LandBldgEquipBasisNetGrp/BOYAmt067848
IRS990/LandBldgEquipBasisNetGrp/EOYAmt049311
IRS990/LandBldgEquipCostOrOtherBssAmt0328434
IRS990/LegalDomicileStateCd0PA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0PROVIDE STIMULATING CURRICULUM WITH AN INTERNATIONAL FOCUS, EMPHASIZING THE ARTS, LANGUAGES, IDEAS, AND HISTORIES, FROM AN ARRAY OF CULTURES
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt02436704
IRS990/NetAssetsOrFundBalancesEOYAmt02801437
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt02436704
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt02801437
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt057440
IRS990/OfficeExpensesGrp/ProgramServicesAmt071060
IRS990/OfficeExpensesGrp/TotalAmt0128500
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt027956
IRS990/OtherAssetsTotalGrp/EOYAmt04849
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt086027
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0420060
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0506087
IRS990/OtherExpensesGrp/Desc0MEALS
IRS990/OtherExpensesGrp/Desc1PROFESSIONAL DEVELOPMEN
IRS990/OtherExpensesGrp/Desc2EVENTS AND CONFERENCES
IRS990/OtherExpensesGrp/Desc3REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt018688
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11752
IRS990/OtherExpensesGrp/ProgramServicesAmt02151
IRS990/OtherExpensesGrp/ProgramServicesAmt11837
IRS990/OtherExpensesGrp/ProgramServicesAmt21736
IRS990/OtherExpensesGrp/TotalAmt020839
IRS990/OtherExpensesGrp/TotalAmt11837
IRS990/OtherExpensesGrp/TotalAmt21752
IRS990/OtherExpensesGrp/TotalAmt31736
IRS990/OtherLiabilitiesGrp/BOYAmt076427
IRS990/OtherLiabilitiesGrp/EOYAmt067894
IRS990/OtherRevenueMiscGrp/BusinessCd0611710
IRS990/OtherRevenueMiscGrp/Desc0OTHER REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt045825
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt045825
IRS990/OtherRevenueTotalAmt045825
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0569154
IRS990/OtherSalariesAndWagesGrp/TotalAmt0569154
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt033963
IRS990/PayrollTaxesGrp/ProgramServicesAmt0113126
IRS990/PayrollTaxesGrp/TotalAmt0147089
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt030532
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt060445
IRS990/PensionPlanContributionsGrp/TotalAmt090977
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt026537
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt049237
IRS990/PrincipalOfficerNm0ANGELA COROSANITE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/Desc0MANAGEMENT AND EDUCATI
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt04071000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt04071000
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0700000
IRS990/PYInvestmentIncomeAmt02416
IRS990/PYOtherExpensesAmt01044044
IRS990/PYOtherRevenueAmt026013
IRS990/PYProgramServiceRevenueAmt03894000
IRS990/PYRevenuesLessExpensesAmt0-569349
IRS990/PYSalariesCompEmpBnftPaidAmt02747734
IRS990/PYTotalExpensesAmt04491778
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03922429
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0364733
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt04116825
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt02
IRS990ScheduleA/SupportedOrganizationsTotalCnt02
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0455446616
IRS990ScheduleA/SupportedOrgInformationGrp/EIN1233040987
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd11
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd02
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd12
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt10
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt10
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0PHILADELPHIA CHARTER SCHOOL FOR ARTS & SCIENCES
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt1PHILADELPHIA PERFORMING ARTS CHARTER SCHOOL
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt00
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt00
IRS990ScheduleD/BuildingsGrp/DepreciationAmt050162
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt050162
IRS990ScheduleD/EquipmentGrp/BookValueAmt049311
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0228961
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0278272
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt03774842
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt067894
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0EDUCATIONAL CONSULTING SERVICES RETAINERS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt04139575
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORG IS A NOT-FOR-PROFIT ORGANIZATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501 (C) (3) OF THE INTERNAL REVENUE CODE. THE ORG FOLLOWS THE ACCOUNTING GUIDANCE FOR UNCERTAINTY IN INCOME TAXES, WHICH PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN AND ALSO PROVIDES GUIDANCE ON VARIOUS RELATED MATTERS SUCH AS DERECOGNITION, INTEREST, PENALTIES AND DISCLOSURES REQUIRED. THE ORG BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITION TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE ORG'S FEDERAL EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURNS (FORM 990) FOR 2022, 2021, AND 2020 ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY THREE YEARS AFTER THEY WERE FILED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt049311
IRS990ScheduleD/TotalExpensesPerForm990Amt03774842
IRS990ScheduleD/TotalLiabilityAmt067894
IRS990ScheduleD/TotalRevenuePerForm990Amt04139575
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04139575
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03774842
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,995,732
Liabilities
$194,295
Net assets
$2,801,437
Revenue
$4,139,575
Expenses
$3,774,842
Net income
$364,733
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$3.00$0.19$2.80$4.14$3.77$0.36
2023Summary only. Only limited summary data is available for this year.$3.00$0.19$2.80$4.14$3.77$0.36
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.67$0.23$2.44$3.92$4.49$0.57
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.30$0.30$3.01$3.76$3.23$0.53
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.72$0.25$2.47$3.73$3.61$0.12
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.76$0.40$2.36$3.41$3.20$0.21
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.49$0.34$2.15$3.21$2.75$0.47
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.90$0.22$1.68$3.05$2.59$0.47
2016Detailed filing. Detailed filing data is available for this year.$1.60$0.39$1.21$3.69$3.47$0.23
2015Detailed filing. Detailed filing data is available for this year.$1.21$0.22$0.99$2.90$2.77$0.13
2014Detailed filing. Detailed filing data is available for this year.$1.13$0.28$0.86$2.29$2.17$0.12
2013Summary only. Only limited summary data is available for this year.$1.17$0.42$0.74$3.51$2.99$0.53