Civic Intelligence

Grover Cleveland-Mastery Charter School

990 • Fiscal year 2014 • EIN 45-5142446

Jul 01, 2013 to Jun 30, 2014 • Filed on Jan 26, 2015

5700 Wayne AvenuePhiladelphia, PA 19144

(215) 866-9000

Siviq Scores

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

Liabilities / Assets

57th percentile

0.32x

Higher debt load relative to assets than 57% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Liabilities / Revenue

31st percentile

0.12x

Higher debt load relative to revenue than 31% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Net Margin

72nd percentile

13%

Higher net margin than 72% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Top Officer Pay

67th percentile

$225,224

Higher top officer pay than 67% of similar nonprofits.

Top officer pay equals 2.2% of source-year revenue.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Asset Growth

5th percentile

-15%

Faster asset growth than 5% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Revenue Growth

75th percentile

17%

Faster revenue growth than 75% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Assets

Down

$3,704,339

Down $651,756 (-15%) from 2013

Net Assets

Up

$2,535,270

Up $1,309,655 (+107%) from 2013

Liabilities

Down

$1,169,069

Down $1,961,411 (-63%) from 2013

Revenue

Up

$10,017,640

Up $1,481,433 (+17%) from 2013

Expenses

Up

$8,707,985

Up $1,397,393 (+19%) from 2013

Net Income

Up

$1,309,655

Up $84,040 (+6.9%) from 2013

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0-$5.0MAssets 2013: $4,356,095Liabilities 2013: $3,130,480Net Assets 2013: $1,225,6152013Assets 2014: $3,704,339Liabilities 2014: $1,169,069Net Assets 2014: $2,535,2702014Assets 2015: $5,255,586Liabilities 2015: $4,701,701Net Assets 2015: $553,8852015Assets 2016: $4,902,866Liabilities 2016: $5,681,059Net Assets 2016: -$778,1932016Assets 2017: $4,298,940Liabilities 2017: $5,837,744Net Assets 2017: -$1,538,8042017Assets 2018: $4,438,401Liabilities 2018: $5,799,045Net Assets 2018: -$1,360,6442018Assets 2019: $4,618,303Liabilities 2019: $5,613,478Net Assets 2019: -$995,1752019Assets 2020: $4,370,701Liabilities 2020: $4,743,909Net Assets 2020: -$373,2082020Assets 2021: $5,907,712Liabilities 2021: $4,296,824Net Assets 2021: $1,610,8882021Assets 2022: $7,460,799Liabilities 2022: $4,074,386Net Assets 2022: $3,386,4132022Assets 2023: $9,326,381Liabilities 2023: $3,549,869Net Assets 2023: $5,776,5122023Assets 2024: $13,829,567Liabilities 2024: $4,552,238Net Assets 2024: $9,277,3292024

Highlighted filing

2014

Assets$3,704,339
Liabilities$1,169,069
Net Assets$2,535,270

Operations Trend

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

$20M$15M$10M$5.0M$0-$5.0MRevenue 2013: $8,536,207Expenses 2013: $7,310,592Net Income 2013: $1,225,6152013Revenue 2014: $10,017,640Expenses 2014: $8,707,985Net Income 2014: $1,309,6552014Revenue 2015: $10,458,998Expenses 2015: $10,529,926Net Income 2015: -$70,9282015Revenue 2016: $9,589,608Expenses 2016: $10,921,686Net Income 2016: -$1,332,0782016Revenue 2017: $9,871,065Expenses 2017: $10,631,676Net Income 2017: -$760,6112017Revenue 2018: $10,864,963Expenses 2018: $10,522,803Net Income 2018: $342,1602018Revenue 2019: $11,560,124Expenses 2019: $11,194,655Net Income 2019: $365,4692019Revenue 2020: $12,070,851Expenses 2020: $11,448,884Net Income 2020: $621,9672020Revenue 2021: $12,554,688Expenses 2021: $10,570,592Net Income 2021: $1,984,0962021Revenue 2022: $14,857,227Expenses 2022: $13,081,702Net Income 2022: $1,775,5252022Revenue 2023: $14,656,684Expenses 2023: $12,266,585Net Income 2023: $2,390,0992023Revenue 2024: $16,787,498Expenses 2024: $13,276,755Net Income 2024: $3,510,7432024

Highlighted filing

2014

Revenue$10,017,640
Expenses$8,707,985
Net Income$1,309,655
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Jan 26, 2015
Return Version
2013v4.0
Gross Receipts
$10,017,640
Mission and Program Overview

Mission

All students learn the academic and personal skills they need to succeed in higher education, to compete in the global economy, and pursue their dreams.

The operation of a charter school.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,916,525$1,982,624▲ $66,099
Savings and Temporary Cash Investments$2,226,921$1,541,156▼ $685,765
Pledges and Grants Receivable$72,062$105,017▲ $32,955
Accounts Receivable$140,398$58,712▼ $81,686
Prepaid Expenses and Deferred Charges$189$15,927▲ $15,738
Cash and Non-Interest-Bearing Accounts-$903-
Total Assets$4,356,095$3,704,339▼ $651,756
Liabilities
Other Liabilities$2,225,163$0▼ $2,225,163
Accounts Payable and Accrued Expenses$905,317$1,022,518▲ $117,201
Mortgage Notes Payable Secured by Investment Property-$120,441-
Deferred Revenue-$26,110-
Total Liabilities$3,130,480$1,169,069▼ $1,961,411
Net Assets / Fund Balance
Unrestricted Net Assets$1,225,615$2,535,270▲ $1,309,655
Total Net Assets Fund Balance$1,225,615$2,535,270▲ $1,309,655
Total Liabilities and Net Assets / Fund Balance$4,356,095$3,704,339▼ $651,756

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$1,235,232$535,323$1,770,555
Equipment$530,266$187,539$717,805
Other Land Buildings$217,126$113,338$330,464
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Natalie Catin-stlouisPrincipalFT$116,946$30,260$147,206
Jim LeonardSenior Director of Finance--$139,569$139,569
Rashaun ReidPrincipalFT$39,005$11,943$50,948

Board Members and Trustees

NameTitle
Judith TschirgiChair
Donald KimelmanBoard Member
Gerry EmeryBoard Member
Graham FinneyBoard Member
Robert VictorBoard Member
Robin Lynn OlanrewajuBoard Member
Tony PaytonBoard Member
Victoria HarrisonBoard Member
Jeff PestrakCAO
Scott GordonCEO
Yonca AgatanCFO
Molly EigenChief Academic Officer
Courtney Collins-shapiroChief Innovation Officer
Joe FergusonCOO
Ron BiscardiSecretary
Charles CorpeningTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
The Camelot Schools Of Pa LLCEducational Services-$197,254
Success SchoolsEducational Services-$122,538
Gca Services GroupCleaning Services-$111,316
Revenue and Support

Revenue Composition

Contributions and Grants
$1,999,476
Program Service Revenue
$7,982,194
Investment Income
$1,693
Other Revenue
$34,277
All Other Contributions
$8,301
Change in Net Assets
$1,309,655

Audited Revenue Reconciliation

Revenue per Audited Statements
$10,017,640
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$10,017,640
Total Revenue per Form 990
$10,017,640
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,397,650
Other Expenses$3,219,629
Grants and Similar Amounts Paid$90,706
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,788,665$237,176-$4,025,841
Fees for Services Management$29,073$675,610-$704,683
Depreciation Depletion$545,785--$545,785
Other Employee Benefits$463,491$37,729-$501,220
Fees for Services Other$426,420$39,873-$466,293
Occupancy$421,010--$421,010
Payroll Taxes$291,455$28,684-$320,139
Pension Plan Contributions$274,350$6,618-$280,968
Current Officers, Directors, Trustees, and Key Employees$88,929$180,553-$269,482
All Other Expenses$170,695--$170,695
Office Expenses$152,633$7,651-$160,284
Other Expenses$101,384--$101,384
Grants to Domestic Orgs$90,706--$90,706
Information Technology$82,762$727-$83,489
Travel$58,715$79-$58,794
Fees for Services Legal$36,488--$36,488
Insurance-$36,368-$36,368
Interest$17,603--$17,603
Total Functional Expenses$7,456,917$1,251,068$0$8,707,985

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$8,707,985
Total Expenses per Audited Statements$8,707,985
Total Expenses per Form 990$8,707,985
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
23-3060542-501(c)(3)Sig Grant Expenses$90,706
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
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
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, Section B, Line 11

The ceo and board of directors review the 990 before it is submitted to the irs.

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

Employees may not receive any material gain from individuals or activities outside of mastery charter schools for materials produced or services rendered while performing their jobs. Board members are alo covered by a conflict of interest policy. Board members are also required to submit a statement of financial interest on an annual basis, which would disclose any conflicts.

Form 990, Part VI, Section B, Line 15

Officer compensation is reviewed and approved annually by the board of directors. A compensation committee uses survey data and information from comparable organizations' form 990 to analyze and compare ceo compensation and make recommendations to the board for its approval.

Form 990, Part VI, Section C, Line 19

Grover cleveland mastery charter school's governing documents, conflict of interest policy and financial statements are available upon request.

Filing and Contact Details

Filer

EIN
45-5142446
Phone
2158669000

Signing Officer

Name
Scott Gordon
Title
CEO
Phone
2158669000
Signed
2015-01-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Scott Gordon
Formed
2012
Legal Domicile
Pa
Voting Board Members
10
Independent Board Members
10
Employees
88
Volunteers
10

Preparer

Preparer
Bruce Braunewellcpa
Phone
2156433900
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The finance committee of the board of directors assumes responsibility for oversight of the annual audit.

Financial Statement Notes

PART X, LINE 2:

The school is exempt from federal income taxes under section 501(c)(3) of the internal revenue service code. No provision for income taxes has been established, as the school has no unrelated business activity.

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IRS990/Desc0MASTERY SCHOOLS INTEGRATE EDUCATIONAL BEST PRACTICES AND EFFECTIVE MANAGEMENT TO DRIVE STUDENT ACHIEVEMENT. OUR TEACHERS ARE OUTSTANDING AND RELENTLESSLY COMMITTED TO STUDENT ACHIEVEMENT AND CONTINUALLY IMPROVE THEIR CRAFT THROUGH FREQUENT FEEDBACK, COACHING, AND COLLABORATIVE SUPPORT. INSTRUCTION IS GROUNDED BY A COMMON PEDAGOGICAL VISION AND GUIDED BY RIGOROUS STANDARDS-BASED CURRICULA. WE ALIGN ASSESSMENTS TO CLEAR AND MEANINGFUL OBJECTIVES AND USE ASSESSMENT DATA TO TARGET AREAS OF NEED. IN JANUARY 2014, MASTERY INITIATED A COMPREHENSIVE REDESIGN OF OUR PROGRAM MODEL, CALLED MASTERY 3.0. THE REDESIGN EVOLVES OUR CURRICULAR, INSTRUCTIONAL, AND SCHOOL CULTURE PRACTICES IN ORDER TO ACCELERATE THE DEVELOPMENT OF OUR STUDENTS' CRITICAL THINKING AND INDEPENDENCE.
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