Civic Intelligence

Premier Arts and Science Charter School

990 • Fiscal year 2018 • EIN 45-5028992

Jul 01, 2017 to Jun 30, 2018 • Filed on May 14, 2019

500 N 17th StreetHarrisburg, PA 17103

(717) 234-3200

Siviq Scores

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

Liabilities / Assets

95th percentile

1.32x

Higher debt load relative to assets than 95% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

86th percentile

1.02x

Higher debt load relative to revenue than 86% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

56th percentile

5.4%

Higher net margin than 56% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

74th percentile

$112,793

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 3.0% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

13th percentile

-11%

Faster asset growth than 13% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

49th percentile

3.3%

Faster revenue growth than 49% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Down

$2,872,939

Down $343,058 (-11%) from 2017

Net Assets

Up

-$929,201

Up $71,566 (+7.2%) from 2017

Liabilities

Down

$3,802,140

Down $414,624 (-9.8%) from 2017

Revenue

Up

$3,719,537

Up $119,305 (+3.3%) from 2017

Expenses

Down

$3,519,342

Down $33,651 (-0.9%) from 2017

Net Income

Up

$200,195

Up $152,956 (+324%) from 2017

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0-$2.0MAssets 2015: $388,282Liabilities 2015: $1,020,402Net Assets 2015: -$632,1202015Assets 2016: $321,093Liabilities 2016: $1,365,631Net Assets 2016: -$1,044,5382016Assets 2017: $3,215,997Liabilities 2017: $4,216,764Net Assets 2017: -$1,000,7672017Assets 2018: $2,872,939Liabilities 2018: $3,802,140Net Assets 2018: -$929,2012018Assets 2019: $3,008,565Liabilities 2019: $3,698,390Net Assets 2019: -$689,8252019Assets 2020: $2,709,466Liabilities 2020: $3,210,803Net Assets 2020: -$501,3372020Assets 2021: $2,977,563Liabilities 2021: $2,879,019Net Assets 2021: $98,5442021Assets 2022: $3,151,814Liabilities 2022: $2,758,978Net Assets 2022: $392,8362022Assets 2023: $2,856,846Liabilities 2023: $2,327,622Net Assets 2023: $529,2242023Assets 2024: $2,482,479Liabilities 2024: $2,097,107Net Assets 2024: $385,3722024

Highlighted filing

2018

Assets$2,872,939
Liabilities$3,802,140
Net Assets-$929,201

Operations Trend

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

$4.0M$2.0M$0-$2.0MRevenue 2015: $2,156,247Expenses 2015: $2,821,269Net Income 2015: -$665,0222015Revenue 2016: $2,969,806Expenses 2016: $3,382,224Net Income 2016: -$412,4182016Revenue 2017: $3,600,232Expenses 2017: $3,552,993Net Income 2017: $47,2392017Revenue 2018: $3,719,537Expenses 2018: $3,519,342Net Income 2018: $200,1952018Revenue 2019: $3,963,323Expenses 2019: $3,723,947Net Income 2019: $239,3762019Revenue 2020: $3,360,818Expenses 2020: $3,172,330Net Income 2020: $188,4882020Revenue 2021: $3,704,072Expenses 2021: $3,104,191Net Income 2021: $599,8812021Revenue 2022: $3,690,685Expenses 2022: $3,396,393Net Income 2022: $294,2922022Revenue 2023: $3,413,817Expenses 2023: $3,277,429Net Income 2023: $136,3882023Revenue 2024: $3,429,316Expenses 2024: $3,573,168Net Income 2024: -$143,8522024

Highlighted filing

2018

Revenue$3,719,537
Expenses$3,519,342
Net Income$200,195
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 14, 2019
Return Version
2017v2.2
Gross Receipts
$3,719,537
Mission and Program Overview

Mission

To operate a public charter school in a learning

To operate a public charter school in a learning environment that provides students learning opportunities using back to basics, phonics-centered approach to learning.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$532,429$1,040,352▲ $507,923
Accounts Receivable$632,152$542,654▼ $89,498
Prepaid Expenses and Deferred Charges$12,696$29,000▲ $16,304
Land, Buildings, and Equipment, Net$47,498$20,548▼ $26,950
Total Assets$3,215,997$2,872,939▼ $343,058
Other Assets Total$1,991,222$1,240,385▼ $750,837
Liabilities
Other Liabilities$3,796,000$3,559,000▼ $237,000
Accounts Payable and Accrued Expenses$288,591$243,140▼ $45,451
Unsecured Notes Loans Payable$123,691--
Mortgage Notes Payable Secured by Investment Property$8,482--
Total Liabilities$4,216,764$3,802,140▼ $414,624
Net Assets / Fund Balance
Unrestricted Net Assets$-1,000,767$-929,201▲ $71,566
Total Net Assets Fund Balance$-1,000,767$-929,201▲ $71,566
Total Liabilities and Net Assets / Fund Balance$3,215,997$2,872,939▼ $343,058

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$15,155$80,285-
Leasehold Improvements$5,393$28,573-
Other Assets Org$1,239,079--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Darlene SmithCEOFT$112,793$112,793

Board Members and Trustees

NameTitle
Terrence JacksonPresident
Annette RoyBoard Member
Begonia AdamsBoard Member
Carmen CalderoneBoard Member
Craig WatfordBoard Member
Dwan LeeBoard Member
Nicole ThomasBoard Member
Pamela SpencerBoard Member
Tameka HatcherBoard Member
Valerie DickersonBoard Member
Virginia TravisBoard Member
Starkisha WilliamSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Humanus CorpSubstitutes1100 1st Ave Suite 503, King of Prussia, PA 19406$226,668
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$3,719,390
Investment Income
$147
Other Revenue
$0
Change in Net Assets
$200,195
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,519,048
Other Expenses$1,000,294
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$970,072$365,934$0$1,336,006
Pension Plan Contributions$325,748$323,833$0$649,581
All Other Expenses$300,158$76,984$0$377,142
Other Employee Benefits$163,712$83,671$0$247,383
Fees for Services Other$103,861$51,424$0$155,285
Payroll Taxes$106,301$48,452$0$154,753
Current Officers, Directors, Trustees, and Key Employees$0$131,325$0$131,325
Fees for Services Accounting$0$90,375$0$90,375
Fees for Services Legal$0$53,430$0$53,430
Occupancy$0$48,000$0$48,000
Other Expenses$0$45,017$0$45,017
Insurance$0$37,507$0$37,507
Depreciation Depletion$0$26,950$0$26,950
Office Expenses$0$11,220$0$11,220
Travel$5,388$0$0$5,388
Advertising$0$4,510$0$4,510
Total Functional Expenses$2,061,321$1,458,021$0$3,519,342
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Net Pension Liability$2,520,000
Deferred Inflows Related to Pensions$1,039,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
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
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
Premier Arts & Science Charter School
EIN
45-5028992
Phone
7172343200
Address
500 N 17th Street, Harrisburg, PA 17103

Signing Officer

Name
Terrence Jackson
Title
Board President
Phone
7172343200
Signed
2019-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Terrence Jackson
Formed
2012
Legal Domicile
Pa
Voting Board Members
7
Independent Board Members
7
Employees
53
Volunteers
5

Preparer

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

Additional Explanations

Pt VI, Line 11B

The Board was a provided a hard copy of the 990 return

Pt VI, Line 12C

The school maintains annual conflict of interest forms

Pt VI, Line 15A

All compensation is reviewed and approved by the board

Pt VI, Line 15B

All compensation is reviewed and approved by the board

Pt XII, Line 2C

The Board reviews the statements and selects auditors on a yearly basis

Form 990, Part IX, Line 24E

Student activities 10240. 10240. 0. 0.

Form 990, Part IX, Line 24E

Communications 57459. 0. 57459. 0.

Form 990, Part IX, Line 24E

Dues & Fees 5096. 550. 4546. 0.

Form 990, Part IX, Line 24E

Equipment Rentals 14979. 0. 14979. 0.

Form 990, Part IX, Line 24E

Food Service 139745. 139745. 0. 0.

Form 990, Part IX, Line 24E

Substitutes 149623. 149623. 0. 0.

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IRS990/OccupancyGrp/FundraisingAmt00
IRS990/OccupancyGrp/ManagementAndGeneralAmt048000
IRS990/OccupancyGrp/ProgramServicesAmt00
IRS990/OccupancyGrp/TotalAmt048000
IRS990/OfficeExpensesGrp/FundraisingAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt011220
IRS990/OfficeExpensesGrp/ProgramServicesAmt00
IRS990/OfficeExpensesGrp/TotalAmt011220
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01991222
IRS990/OtherAssetsTotalGrp/EOYAmt01240385
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt083671
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0163712
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0247383
IRS990/OtherExpensesGrp/Desc0Utilities
IRS990/OtherExpensesGrp/Desc1Supplies / Books
IRS990/OtherExpensesGrp/Desc2Equipment
IRS990/OtherExpensesGrp/Desc3Repairs / Maintenance
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/FundraisingAmt30
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt046346
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt113043
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt345017
IRS990/OtherExpensesGrp/ProgramServicesAmt00
IRS990/OtherExpensesGrp/ProgramServicesAmt172586
IRS990/OtherExpensesGrp/ProgramServicesAmt213495
IRS990/OtherExpensesGrp/ProgramServicesAmt30
IRS990/OtherExpensesGrp/TotalAmt046346
IRS990/OtherExpensesGrp/TotalAmt185629
IRS990/OtherExpensesGrp/TotalAmt213495
IRS990/OtherExpensesGrp/TotalAmt345017
IRS990/OtherLiabilitiesGrp/BOYAmt03796000
IRS990/OtherLiabilitiesGrp/EOYAmt03559000
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0365934
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0970072
IRS990/OtherSalariesAndWagesGrp/TotalAmt01336006
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt048452
IRS990/PayrollTaxesGrp/ProgramServicesAmt0106301
IRS990/PayrollTaxesGrp/TotalAmt0154753
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0323833
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0325748
IRS990/PensionPlanContributionsGrp/TotalAmt0649581
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt012696
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt029000
IRS990/PrincipalOfficerNm0TERRENCE JACKSON
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/BusinessCd3900099
IRS990/ProgramServiceRevenueGrp/BusinessCd4900099
IRS990/ProgramServiceRevenueGrp/Desc0Local Sources
IRS990/ProgramServiceRevenueGrp/Desc1State Sources
IRS990/ProgramServiceRevenueGrp/Desc2Federal Sources
IRS990/ProgramServiceRevenueGrp/Desc3Other Sources
IRS990/ProgramServiceRevenueGrp/Desc4Food Service
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03259733
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt132566
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2240460
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt316637
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt4169994
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt069
IRS990/PYOtherExpensesAmt0905128
IRS990/PYProgramServiceRevenueAmt03600163
IRS990/PYRevenuesLessExpensesAmt047239
IRS990/PYSalariesCompEmpBnftPaidAmt02647865
IRS990/PYTotalExpensesAmt03552993
IRS990/PYTotalRevenueAmt03600232
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0200195
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt03719537
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt015155
IRS990ScheduleD/EquipmentGrp/DepreciationAmt080285
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt095440
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt05393
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt028573
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt033966
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01306
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt11239079
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Security Deposit
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Deferred Outflow Related to Pensions
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02520000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11039000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Net Pension Liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Deferred Inflows Related to Pensions
IRS990ScheduleD/TotalBookValueLandBuildingsAmt020548
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01240385
IRS990ScheduleD/TotalLiabilityAmt03559000
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
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Board was a provided a hard copy of the 990 return
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The school maintains annual conflict of interest forms
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2All compensation is reviewed and approved by the board
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3All compensation is reviewed and approved by the board
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The Board reviews the statements and selects auditors on a yearly basis
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Student activities 10240. 10240. 0. 0.

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