Civic Intelligence

Charter Arts Foundation

990 • Fiscal year 2016 • EIN 45-3986393

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

Organization ProfileCHARTERARTSFOUNDATION.ORG
321 E 3rd StBethlehem, PA 18015

(610) 868-2971

Siviq Scores

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

Liabilities / Assets

83rd percentile

0.75x

Higher debt load relative to assets than 83% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Liabilities / Revenue

92nd percentile

3.99x

Higher debt load relative to revenue than 92% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Net Margin

95th percentile

65%

Higher net margin than 95% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Top Officer Pay

7th percentile

$0

Higher top officer pay than 7% of similar nonprofits.

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

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Asset Growth

94th percentile

44%

Faster asset growth than 94% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2015 to 2016

Revenue Growth

99th percentile

1547%

Faster revenue growth than 99% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets83rd percentile

Assets

Up

$31,576,087

Up $9,629,345 (+44%) from 2015

Net Assets

Up

$7,952,119

Up $3,825,342 (+93%) from 2015

Liabilities

Up

$23,623,968

Up $5,804,003 (+33%) from 2015

Revenue And Expenses
Liabilities / Revenue92nd percentileNet Margin95th percentile

Revenue

Up

$5,918,657

Up $5,559,223 (+1547%) from 2015

Expenses

Up

$2,093,315

Up $2,072,796 (+10102%) from 2015

Net Income

Up

$3,825,342

Up $3,486,427 (+1029%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth94th percentile

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

$40M$30M$20M$10M$0Assets 2012: $73,397Liabilities 2012: $122012Assets 2013: $3,425,590Liabilities 2013: $61,574Net Assets 2013: $3,364,0162013Assets 2014: $4,448,414Liabilities 2014: $660,552Net Assets 2014: $3,787,8622014Assets 2015: $21,946,742Liabilities 2015: $17,819,965Net Assets 2015: $4,126,7772015Assets 2016: $31,576,087Liabilities 2016: $23,623,968Net Assets 2016: $7,952,1192016Assets 2017: $29,680,035Liabilities 2017: $21,703,565Net Assets 2017: $7,976,4702017Assets 2018: $29,350,793Liabilities 2018: $21,494,934Net Assets 2018: $7,855,8592018Assets 2019: $28,561,466Liabilities 2019: $20,934,225Net Assets 2019: $7,627,2412019Assets 2020: $28,148,907Liabilities 2020: $20,725,772Net Assets 2020: $7,423,1352020Assets 2021: $27,360,867Liabilities 2021: $20,401,440Net Assets 2021: $6,959,4272021Assets 2022: $26,720,339Liabilities 2022: $20,051,044Net Assets 2022: $6,669,2952022Assets 2023: $23,440,468Liabilities 2023: $12,173,395Net Assets 2023: $11,267,0732023Assets 2024: $22,764,201Liabilities 2024: $11,881,777Net Assets 2024: $10,882,4242024Assets 2025: $22,440,468Liabilities 2025: $11,722,510Net Assets 2025: $10,717,9582025

Highlighted filing

2016

Assets$31,576,087
Liabilities$23,623,968
Net Assets$7,952,119
Open 2016 Filing

Operations Trend

Revenue Growth99th percentile

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2012: $74,329Expenses 2012: $944Net Income 2012: $73,3852012Revenue 2013: $3,314,054Expenses 2013: $23,424Net Income 2013: $3,290,6302013Revenue 2014: $446,573Expenses 2014: $22,727Net Income 2014: $423,8462014Revenue 2015: $359,434Expenses 2015: $20,519Net Income 2015: $338,9152015Revenue 2016: $5,918,657Expenses 2016: $2,093,315Net Income 2016: $3,825,3422016Revenue 2017: $1,560,807Expenses 2017: $1,536,456Net Income 2017: $24,3512017Revenue 2018: $1,423,948Expenses 2018: $1,544,559Net Income 2018: -$120,6112018Revenue 2019: $1,409,930Expenses 2019: $1,638,548Net Income 2019: -$228,6182019Revenue 2020: $1,348,973Expenses 2020: $1,553,079Net Income 2020: -$204,1062020Revenue 2021: $1,192,568Expenses 2021: $1,656,276Net Income 2021: -$463,7082021Revenue 2022: $1,358,767Expenses 2022: $1,648,899Net Income 2022: -$290,1322022Revenue 2023: $6,436,086Expenses 2023: $1,838,308Net Income 2023: $4,597,7782023Revenue 2024: $1,019,801Expenses 2024: $1,404,450Net Income 2024: -$384,6492024Revenue 2025: $1,175,818Expenses 2025: $1,340,284Net Income 2025: -$164,4662025

Highlighted filing

2016

Revenue$5,918,657
Expenses$2,093,315
Net Income$3,825,342
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Dec 12, 2016
Return Version
2015v2.1
Gross Receipts
$5,918,657
Mission and Program Overview

Mission

The foundation's mission is to support the health, welfare and educational interests of lehigh valley charter high school for the arts, a pennsylvania nonprofit corporation that is exempt from federal income tax as an organization described in section 501(c)(3) of the internal revenue code of 1986, as amended.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,092,603$26,576,581▲ $25,483,978
Accounts Receivable$50,272$3,766,046▲ $3,715,774
Savings and Temporary Cash Investments$134,907$945,512▲ $810,605
Pledges and Grants Receivable$460,810$278,828▼ $181,982
Cash and Non-Interest-Bearing Accounts$872,731$9,120▼ $863,611
Total Assets$21,946,742$31,576,087▲ $9,629,345
Other Assets Total$19,335,419--
Liabilities
Mortgage Notes Payable Secured by Investment Property-$23,494,138-
Unsecured Notes Loans Payable$15,476,054--
Accounts Payable and Accrued Expenses$2,343,911$129,830▼ $2,214,081
Total Liabilities$17,819,965$23,623,968▲ $5,804,003
Net Assets / Fund Balance
Unrestricted Net Assets$4,126,777$7,952,119▲ $3,825,342
Total Net Assets Fund Balance$4,126,777$7,952,119▲ $3,825,342
Total Liabilities and Net Assets / Fund Balance$21,946,742$31,576,087▲ $9,629,345

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$24,480,317$278,537$24,758,854
Land$1,445,813-$1,445,813
Equipment$650,451$69,922$720,373
Compensation and Service Providers
Top Officer Pay7th percentile

Board Members and Trustees

NameTitle
Scott HawkBoard Chair
Anthony CrisafulliBoard Member
David LyonsBoard Member
Emrich StellarBoard Member
Frank ShipmanBoard Member
Julie Wagner-burkhartBoard Member
Mark FergusonBoard Member
PAT D'AMICOBoard Member
Rob CahillBoard Member
Sheryl MaherBoard Member
Tim CharlesworthBoard Member
Mark MetzgarSecretary
Melinda StittTreasurer
Marna HaydenVice-preside
Revenue and Support

Revenue Composition

Contributions and Grants
$5,028,041
Program Service Revenue
$843,225
Investment Income
$12,626
Other Revenue
$34,765
All Other Contributions
$228,041
Change in Net Assets
$3,825,342

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,918,657
Total Revenue per Audited Statements
$5,918,657
Total Revenue per Form 990
$5,918,657
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,400,997
Grants and Similar Amounts Paid$692,318
Total Fundraising Expense$1,481
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$811,097--$811,097
Grants to Domestic Orgs$692,318--$692,318
Depreciation Depletion$348,459--$348,459
Office Expenses-$3,100$111$3,211
All Other Expenses-$1,426-$1,426
Other Expenses$1,382--$1,382
Conferences and Meetings--$1,370$1,370
Insurance$962--$962
Total Functional Expenses$2,087,308$4,526$1,481$2,093,315

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,093,315
Total Expenses per Audited Statements$2,093,315
Total Expenses per Form 990$2,093,315
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Lv Charter High School for the ArtsBethlehem, PAGovSchool Eqpt$530,274
Lv Charter High School for the ArtsBethlehem, PAGovTransfer to Pr Gov-
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$34,765
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fundraising Eve$34,765$34,765-$34,765
Total Events$34,765$34,765-$34,765
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“The 990 is reviewed by the finance committee and copies are available upon request to all board members.”

Form 990, Page 6, Part VI, Line 12C

“The organization monitors and enforces the policy annually.”

Form 990, Page 6, Part VI, Line 19

“Governing documents are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Charter Arts Foundation
EIN
45-3986393
Phone
6108682971
Address
321 E 3RD ST, BETHLEHEM, PA 18015

Signing Officer

Name
Scott Hawk
Title
Board Chair
Phone
6108682971
Signed
2016-12-12

Organization Details

Principal Officer
Scott Hawk
Formed
2011
Legal Domicile
Pa
Voting Board Members
14
Independent Board Members
14
Employees
0
Volunteers
25

Preparer

Firm
Hutchinson Gillahan & Freeh Pc
Address
415 W BROAD STREET, QUAKERTOWN, PA 18951
Preparer
Cheri H Freeh Cpacgma
Phone
2155381371
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The foundation's mission is to support the health, welfare and educational interests of lehigh valley charter high school for the arts, a pennsylvania nonprofit corporation that is exempt from federal income tax as an organization described in section 501(c)(3) of the internal revenue code of 1986, as amended.”

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IRS990/MissionDesc0THE FOUNDATION'S MISSION IS TO SUPPORT THE HEALTH, WELFARE AND EDUCATIONAL INTERESTS OF LEHIGH VALLEY CHARTER HIGH SCHOOL FOR THE ARTS, A PENNSYLVANIA NONPROFIT CORPORATION THAT IS EXEMPT FROM FEDERAL INCOME TAX AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED.
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IRS990/MoreThan5000KToOrgInd0false
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IRS990/NetAssetsOrFundBalancesEOYAmt07952119
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt034765
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt034765
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/FundraisingAmt0111
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt03100
IRS990/OfficeExpensesGrp/TotalAmt03211
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt019335419
IRS990/OtherExpensesGrp/Desc0NEW MKT TAX CREDIT FEES
IRS990/OtherExpensesGrp/Desc1BUILDING MAINTENANCE
IRS990/OtherExpensesGrp/Desc2NON-CAPITAL IMPROVEMENTS
IRS990/OtherExpensesGrp/Desc3NON-CAPITAL EQUIPMENT
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IRS990/OtherExpensesGrp/ProgramServicesAmt165461
IRS990/OtherExpensesGrp/ProgramServicesAmt28924
IRS990/OtherExpensesGrp/ProgramServicesAmt31382
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IRS990/OtherExpensesGrp/TotalAmt165461
IRS990/OtherExpensesGrp/TotalAmt28924
IRS990/OtherExpensesGrp/TotalAmt31382
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
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IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0278828
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0SCOTT HAWK
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0SCHOOL BUILDING RENTAL
IRS990/ProgramServiceRevenueGrp/Desc1MISCL. INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0806567
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt136658
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0806567
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt136658
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0357540
IRS990/PYExcessBenefitTransInd0false
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IRS990/PYProgramServiceRevenueAmt0151
IRS990/PYRevenuesLessExpensesAmt0338915
IRS990/PYTotalExpensesAmt020519
IRS990/PYTotalRevenueAmt0359434
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt03825342
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0843225
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0134907
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0945512
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt05028041
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0357540
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0442117
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt03307232
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt066278
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt09201208
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt012626
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0578
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt04319
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt02061
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt01
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt019585
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0843225
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0151
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt013
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt04761
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt08050
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0856200
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt034765
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus1YearAmt01165
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt035930
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt012626
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0578
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt04319
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt02061
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt01
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt019585
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99810
IRS990ScheduleA/PublicSupportPY509Pct00.99830
IRS990ScheduleA/PublicSupportTotal509Amt010093338
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt05906031
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0358856
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0442130
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt03311993
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt074328
IRS990ScheduleA/Total509Grp/TotalAmt010093338
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt05918657
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0359434
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0446449
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt03314054
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt074329
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt010112923
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt024480317
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0278537
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt024758854
IRS990ScheduleD/EquipmentGrp/BookValueAmt0650451
IRS990ScheduleD/EquipmentGrp/DepreciationAmt069922
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0720373
IRS990ScheduleD/ExpensesSubtotalAmt02093315
IRS990ScheduleD/LandGrp/BookValueAmt01445813
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01445813
IRS990ScheduleD/RevenueSubtotalAmt05918657
IRS990ScheduleD/TotalBookValueLandBuildingsAmt026576581
IRS990ScheduleD/TotalExpensesPerForm990Amt02093315
IRS990ScheduleD/TotalRevenuePerForm990Amt05918657
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05918657
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02093315
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0FUNDRAISING EVE
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt034765
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt034765
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt034765
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt034765
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt034765
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/RecipientTable/CashGrantAmt0530274
IRS990ScheduleI/RecipientTable/IRCSectionDesc0GOV
IRS990ScheduleI/RecipientTable/IRCSectionDesc1GOV
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt0162044
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc0EQUIPMENT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0SCHOOL EQPT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1TRANSFER TO PR GOV
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0LV CHARTER HIGH SCHOOL FOR THE ARTS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1LV CHARTER HIGH SCHOOL FOR THE ARTS
IRS990ScheduleI/RecipientTable/RecipientEIN0232859758
IRS990ScheduleI/RecipientTable/RecipientEIN1232859758
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0321 E THIRD STREET
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1321 E THIRD STREET
IRS990ScheduleI/RecipientTable/USAddress/CityNm0BETHLEHEM
IRS990ScheduleI/RecipientTable/USAddress/CityNm1BETHLEHEM
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0PA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1PA
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IRS990ScheduleI/RecipientTable/USAddress/ZIPCd118015
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0BOOK
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION'S MISSION IS TO SUPPORT THE HEALTH, WELFARE AND EDUCATIONAL INTERESTS OF LEHIGH VALLEY CHARTER HIGH SCHOOL FOR THE ARTS, A PENNSYLVANIA NONPROFIT CORPORATION THAT IS EXEMPT FROM FEDERAL INCOME TAX AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 990 IS REVIEWED BY THE FINANCE COMMITTEE AND COPIES ARE AVAILABLE UPON REQUEST TO ALL BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MONITORS AND ENFORCES THE POLICY ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0LV CHARTER

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$31,576,087
Liabilities
$23,623,968
Net assets
$7,952,119
Revenue
$5,918,657
Expenses
$2,093,315
Net income
$3,825,342
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$22.4$11.7$10.7$1.18$1.34$0.16
2024Detailed filing. Detailed filing data is available for this year.$22.8$11.9$10.9$1.02$1.40$0.38
2023Detailed filing. Detailed filing data is available for this year.$23.4$12.2$11.3$6.44$1.84$4.60
2022Detailed filing. Detailed filing data is available for this year.$26.7$20.1$6.67$1.36$1.65$0.29
2021Detailed filing. Detailed filing data is available for this year.$27.4$20.4$6.96$1.19$1.66$0.46
2020Detailed filing. Detailed filing data is available for this year.$28.1$20.7$7.42$1.35$1.55$0.20
2019Detailed filing. Detailed filing data is available for this year.$28.6$20.9$7.63$1.41$1.64$0.23
2018Detailed filing. Detailed filing data is available for this year.$29.4$21.5$7.86$1.42$1.54$0.12
2017Detailed filing. Detailed filing data is available for this year.$29.7$21.7$7.98$1.56$1.54$0.02
2016Detailed filing. Detailed filing data is available for this year.$31.6$23.6$7.95$5.92$2.09$3.83
2015Detailed filing. Detailed filing data is available for this year.$21.9$17.8$4.13$0.36$0.02$0.34
2014Detailed filing. Detailed filing data is available for this year.$4.45$0.66$3.79$0.45$0.02$0.42
2013Summary only. Only limited summary data is available for this year.$3.43$0.06$3.36$3.31$0.02$3.29
2012Summary only. Only limited summary data is available for this year.$0.07$0.00$0.07$0.00$0.07