Civic Intelligence

Arts Academy Elementary Charter School

EIN 47-3603998 • 501(c)3 • Allentown, PA

Profile

The Arts Academy Elementary Charter School

601 W Union AveAllentown, PA 18101

www.artsacademyelementary.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

90th percentile

0.90x

Higher debt load relative to assets than 90% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

81st percentile

1.04x

Higher debt load relative to revenue than 81% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

49th percentile

3.9%

Higher net margin than 49% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

28th percentile

$125,235

Higher top officer pay than 28% of similar nonprofits.

Top officer pay equals 1.4% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

37th percentile

0.7%

Faster asset growth than 37% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

58th percentile

11%

Faster revenue growth than 58% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Down

$10,207,423

Down $382,084 (-3.6%) from 2022

Liabilities

Down

$9,477,019

Down $726,903 (-7.1%) from 2022

Net Assets

Up

$730,404

Up $344,819 (+89%) from 2022

Revenue

Up

$7,969,367

Up $732,929 (+10%) from 2022

Expenses

Up

$7,815,699

Up $476,890 (+6.5%) from 2022

Net Income

Up

$153,668

Up $256,039 (+250%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$15M$10M$5.0M$0-$5.0MAssets 2016: $1,614,692Liabilities 2016: $1,751,067Net Assets 2016: -$136,3752016Assets 2017: $1,201,604Liabilities 2017: $1,052,408Net Assets 2017: $149,1962017Assets 2018: $1,183,388Liabilities 2018: $732,295Net Assets 2018: $451,0932018Assets 2019: $1,403,058Liabilities 2019: $643,525Net Assets 2019: $759,5332019Assets 2020: $1,830,756Liabilities 2020: $497,755Net Assets 2020: $1,333,0012020Assets 2021: $2,224,966Liabilities 2021: $564,412Net Assets 2021: $1,660,5542021Assets 2022: $10,589,507Liabilities 2022: $10,203,922Net Assets 2022: $385,5852022Assets 2023: $10,207,423Liabilities 2023: $9,477,019Net Assets 2023: $730,4042023

Highlighted filing

2023

Assets$10,207,423
Liabilities$9,477,019
Net Assets$730,404

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$10M$5.0M$0-$5.0MRevenue 2016: $4,187,162Expenses 2016: $4,323,537Net Income 2016: -$136,3752016Revenue 2017: $4,840,376Expenses 2017: $4,554,805Net Income 2017: $285,5712017Revenue 2018: $5,351,835Expenses 2018: $5,111,830Net Income 2018: $240,0052018Revenue 2019: $6,089,037Expenses 2019: $5,780,597Net Income 2019: $308,4402019Revenue 2020: $6,244,077Expenses 2020: $5,670,609Net Income 2020: $573,4682020Revenue 2021: $6,498,918Expenses 2021: $6,171,365Net Income 2021: $327,5532021Revenue 2022: $7,236,438Expenses 2022: $7,338,809Net Income 2022: -$102,3712022Revenue 2023: $7,969,367Expenses 2023: $7,815,699Net Income 2023: $153,6682023

Highlighted filing

2023

Revenue$7,969,367
Expenses$7,815,699
Net Income$153,668

Filings

Latest Detailed Filing

The latest 2023 filing currently has summary financial data only. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Mar 10, 2023
Return Version
2021v4.1
Gross Receipts
$7,236,438
Mission and Program Overview

Mission

The Arts Academy Elementary Charter School To provide a rich and comprehensive educational program for students in grades K-5 by employing an intensive artistic immersion program. A rigorous and traditional academic program will be enhanced with rich and

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$358,277$8,513,718▲ $8,155,441
Accounts Receivable$638,195$1,177,137▲ $538,942
Cash and Non-Interest-Bearing Accounts$1,152,559$879,792▼ $272,767
Prepaid Expenses and Deferred Charges$75,935$18,860▼ $57,075
Total Assets$2,224,966$10,589,507▲ $8,364,541
Liabilities
Other Liabilities$31,471$9,607,882▲ $9,576,411
Accounts Payable and Accrued Expenses$532,941$596,040▲ $63,099
Total Liabilities$564,412$10,203,922▲ $9,639,510
Net Assets / Fund Balance
Net Assets With Donor Restrictions$0$771,710▲ $771,710
Net Assets Without Donor Restrictions$1,660,554$-386,125▼ $2,046,679
Total Net Assets Fund Balance$1,660,554$385,585▼ $1,274,969
Total Liabilities and Net Assets / Fund Balance$2,224,966$10,589,507▲ $8,364,541

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$8,142,112$354,266$8,496,378
Equipment$166,503$148,651$315,154
Leasehold Improvements$205,103$32,059$237,162
Land$0--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Aldo CavalliCEOFT$131,235$131,235
Cristal McCollumPrincipalFT$109,837$109,837

Board Members and Trustees

NameTitle
Amy BestPresident
Rosalee SaboVice President
Angela Sigley GrossmanBoard Member
Sally Ann HanzlikBoard Member
Zanetta Worthy-GroffBoard Member
Casey GallagherTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Connective Intervention ServicesRent1177 N 6th Street, Whitehall, PA 18052$602,529
-Information TechnologyPo Box 4, East Texas, PA 18046$143,222
Repice & Taylor IncBusiness Management2901 S 15th St, Philadelphia, PA 18067$109,113
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$7,234,443
Investment Income
$1,995
Other Revenue
$0
Change in Net Assets
$-102,371

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,236,438
Total Revenue per Audited Statements
$7,236,438
Total Revenue per Form 990
$7,236,438
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,298,754
Other Expenses$2,040,055
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,192,994$457,855$0$3,650,849
Other Employee Benefits$772,915$126,760$0$899,675
Occupancy$0$655,522$0$655,522
All Other Expenses$159,691$182,604$0$342,295
Payroll Taxes$268,273$59,103$0$327,376
Current Officers, Directors, Trustees, and Key Employees$0$241,072$0$241,072
Fees for Services Other$184,672$0$0$184,672
Pension Plan Contributions$144,885$34,897$0$179,782
Fees for Services Accounting$0$123,731$0$123,731
Information Technology$0$59,016$0$59,016
Insurance$30,161$22,127$0$52,288
Fees for Services Legal$0$45,908$0$45,908
Travel$0$14,443$0$14,443
Other Expenses$0$13,244$0$13,244
Advertising$0$6,775$0$6,775
Payment Travel Entrtnmnt Publicly Ofcl$0$5,946$0$5,946
Office Expenses$0$1,740$0$1,740
Total Functional Expenses$5,208,345$2,130,464$0$7,338,809

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$7,338,809
Total Expenses per Audited Statements$7,338,809
Total Expenses per Form 990$7,338,809
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
Non_Financing Lease Liability$9,465,920
Deferred Inflows of REsources$112,714
Compensated Absences$27,758
Other Current Liabilities$1,490
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Business relationship with 35% controlled entity
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Arts Academy Elementary Charter School
EIN
47-3603998
Phone
6108414560
Address
601 W Union Ave, Allentown, PA 18101

Signing Officer

Name
Amy Best
Title
Board President
Phone
6108414560
Signed
2023-03-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Amy Best
Formed
2013
Legal Domicile
Pa
Voting Board Members
6
Independent Board Members
6
Employees
110
Volunteers
0

Preparer

Firm
Anthony Repice
Address
2901 SO 15TH ST, PHILADELPHIA, PA 19145
Preparer
Anthony Repice
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 15A

All compensation is reviewed and approved by the board

Pt VI, Line 15B

All compensation is reviewed and approved by the board

Pt VI, Line 7A

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

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IRS990/OtherExpensesGrp/TotalAmt313244
IRS990/OtherLiabilitiesGrp/BOYAmt031471
IRS990/OtherLiabilitiesGrp/EOYAmt09607882
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0457855
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt03192994
IRS990/OtherSalariesAndWagesGrp/TotalAmt03650849
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt059103
IRS990/PayrollTaxesGrp/ProgramServicesAmt0268273
IRS990/PayrollTaxesGrp/TotalAmt0327376
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt034897
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0144885
IRS990/PensionPlanContributionsGrp/TotalAmt0179782
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt075935
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt018860
IRS990/PrincipalOfficerNm0Amy Best
IRS990/PriorPeriodAdjustmentsAmt0-1172598
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 Program
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/ExclusionAmt10
IRS990/ProgramServiceRevenueGrp/ExclusionAmt20
IRS990/ProgramServiceRevenueGrp/ExclusionAmt30
IRS990/ProgramServiceRevenueGrp/ExclusionAmt40
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt05922574
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt148117
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2957995
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt36010
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt4299747
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt10
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt20
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt30
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt40
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt02241
IRS990/PymtTravelEntrtnmntPubOfclGrp/FundraisingAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ManagementAndGeneralAmt05946
IRS990/PymtTravelEntrtnmntPubOfclGrp/ProgramServicesAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt05946
IRS990/PYOtherExpensesAmt01805771
IRS990/PYProgramServiceRevenueAmt06496677
IRS990/PYRevenuesLessExpensesAmt0327553
IRS990/PYSalariesCompEmpBnftPaidAmt04365594
IRS990/PYTotalExpensesAmt06171365
IRS990/PYTotalRevenueAmt06498918
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-102371
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt07243806
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt0166503
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0148651
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0315154
IRS990ScheduleD/ExpensesSubtotalAmt07338809
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0205103
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt032059
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0237162
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt08142112
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0354266
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt08496378
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt027758
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt19465920
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt21490
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3112714
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Compensated Absences
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Non_Financing Lease Liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Other Current Liabilities
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3Deferred Inflows of REsources
IRS990ScheduleD/RevenueSubtotalAmt07236438
IRS990ScheduleD/TotalBookValueLandBuildingsAmt08513718
IRS990ScheduleD/TotalExpensesPerForm990Amt07338809
IRS990ScheduleD/TotalLiabilityAmt09607882
IRS990ScheduleD/TotalRevenuePerForm990Amt07236438
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt07236438
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt07338809
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0false
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0false
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0false
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0false
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0The school does not provide scholarships
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1The school does not solicit students. There is a policy in place, but it was not publicized.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2School receives funding from local district
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Line 4d
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2Line 6b
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Board was a provided a hard copy of the 990 return
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1All compensation is reviewed and approved by the board
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2All compensation is reviewed and approved by the board
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Board reviews the statements and selects auditors on a yearly basis
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 7a
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false

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