Civic Intelligence

Friends of the Preparatory Charter School

EIN 56-2428125 • 501(c)3 • Philadelphia, PA

Profile

Assist with Community Development

1928 Point Breeze AvePhiladelphia, PA 19145

n/A

Siviq Scores

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

Liabilities / Assets

84th percentile

0.62x

Higher debt load relative to assets than 84% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

98th percentile

13.26x

Higher debt load relative to revenue than 98% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

13th percentile

-19%

Higher net margin than 13% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

23rd percentile

$0

Higher top officer pay than 23% of similar nonprofits.

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

501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

94th percentile

72%

Faster asset growth than 94% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

51st percentile

7.8%

Faster revenue growth than 51% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets84th percentile

Assets

Up

$5,636,582

Up $2,356,803 (+72%) from 2023

Liabilities

Up

$3,507,917

Up $2,407,167 (+219%) from 2023

Net Assets

Down

$2,128,665

Down $50,364 (-2.3%) from 2023

Operations
Liabilities / Revenue98th percentileNet Margin13th percentile

Revenue

Up

$264,509

Up $19,219 (+7.8%) from 2023

Expenses

Down

$314,873

Down $11,628 (-3.6%) from 2023

Net Income

Up

-$50,364

Up $30,847 (+38%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth94th percentile

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

$6.0M$4.0M$2.0M$0Assets 2010: $5,146,481Liabilities 2010: $2,605,060Net Assets 2010: $2,541,4212010Assets 2011: $4,984,086Liabilities 2011: $2,372,816Net Assets 2011: $2,611,2702011Assets 2012: $4,829,698Liabilities 2012: $2,124,788Net Assets 2012: $2,704,9102012Assets 2013: $4,654,469Liabilities 2013: $1,855,583Net Assets 2013: $2,798,8862013Assets 2014: $4,500,541Liabilities 2014: $1,583,170Net Assets 2014: $2,917,3712014Assets 2015: $4,331,633Liabilities 2015: $1,475,447Net Assets 2015: $2,856,1862015Assets 2016: $4,162,855Liabilities 2016: $1,402,177Net Assets 2016: $2,760,6782016Assets 2017: $3,975,480Liabilities 2017: $1,325,879Net Assets 2017: $2,649,6012017Assets 2018: $3,824,906Liabilities 2018: $1,251,803Net Assets 2018: $2,573,1032018Assets 2019: $3,657,615Liabilities 2019: $1,159,496Net Assets 2019: $2,498,1192019Assets 2020: $3,692,819Liabilities 2020: $1,200,000Net Assets 2020: $2,492,8192020Assets 2021: $3,536,059Liabilities 2021: $1,201,150Net Assets 2021: $2,334,9092021Assets 2023: $3,279,779Liabilities 2023: $1,100,750Net Assets 2023: $2,179,0292023Assets 2024: $5,636,582Liabilities 2024: $3,507,917Net Assets 2024: $2,128,6652024

Highlighted filing

2024

Assets$5,636,582
Liabilities$3,507,917
Net Assets$2,128,665
Open 2024 Filing

Operations Trend

Revenue Growth51st percentile

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

$600K$400K$200K$0-$200KRevenue 2010: $551,592Expenses 2010: $349,495Net Income 2010: $202,0972010Expenses 2011: $357,3652011Expenses 2012: $331,5542012Revenue 2013: $423,477Expenses 2013: $329,501Net Income 2013: $93,9762013Revenue 2014: $424,709Expenses 2014: $306,224Net Income 2014: $118,4852014Revenue 2015: $318,057Expenses 2015: $379,240Net Income 2015: -$61,1832015Revenue 2016: $213,311Expenses 2016: $308,819Net Income 2016: -$95,5082016Revenue 2017: $215,857Expenses 2017: $314,773Net Income 2017: -$98,9162017Revenue 2018: $213,781Expenses 2018: $290,279Net Income 2018: -$76,4982018Revenue 2019: $215,936Expenses 2019: $112,861Net Income 2019: $103,0752019Revenue 2020: $179,929Expenses 2020: $185,229Net Income 2020: -$5,3002020Revenue 2021: $216,458Expenses 2021: $297,776Net Income 2021: -$81,3182021Revenue 2023: $245,290Expenses 2023: $326,501Net Income 2023: -$81,2112023Revenue 2024: $264,509Expenses 2024: $314,873Net Income 2024: -$50,3642024

Highlighted filing

2024

Revenue$264,509
Expenses$314,873
Net Income-$50,364
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$5,636,582
Liabilities
$3,507,917
Net assets
$2,128,665
Revenue
$264,509
Expenses
$314,873
Net income
-$50,364
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.64$3.51$2.13$0.26$0.31$0.05
2023Summary only. Only limited summary data is available for this year.$3.28$1.10$2.18$0.25$0.33$0.08
2021Summary only. Only limited summary data is available for this year.$3.54$1.20$2.33$0.22$0.30$0.08
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.69$1.20$2.49$0.18$0.19$0.01
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.66$1.16$2.50$0.22$0.11$0.10
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.82$1.25$2.57$0.21$0.29$0.08
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.98$1.33$2.65$0.22$0.31$0.10
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.16$1.40$2.76$0.21$0.31$0.10
2015Detailed filing. Detailed filing data is available for this year.$4.33$1.48$2.86$0.32$0.38$0.06
2014Detailed filing. Detailed filing data is available for this year.$4.50$1.58$2.92$0.42$0.31$0.12
2013Summary only. Only limited summary data is available for this year.$4.65$1.86$2.80$0.42$0.33$0.09
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.83$2.12$2.70$0.33
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.98$2.37$2.61$0.36
2010Summary only. Only limited summary data is available for this year.$5.15$2.61$2.54$0.55$0.35$0.20
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jun 10, 2025
Return Version
2024v5.0
Gross Receipts
$264,509
Mission and Program Overview

Mission

Assist with Community Development

The organization's primary exempt purpose is to manage the facility occupied by the preparatory charter school of mathematics, science, technology, and careers (the school), a pennsylavania nonprofit corporation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,045,427$1,850,743▼ $194,684
Cash and Non-Interest-Bearing Accounts$820,367$764,721▼ $55,646
Savings and Temporary Cash Investments$258,161$267,103▲ $8,942
Intangible Assets-$54,913-
Accounts Receivable-$4,807-
Total Assets$3,279,779$5,636,582▲ $2,356,803
Other Assets Total$155,824$2,694,295▲ $2,538,471
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,099,600$3,475,969▲ $2,376,369
Accounts Payable and Accrued Expenses$1,150$31,948▲ $30,798
Total Liabilities$1,100,750$3,507,917▲ $2,407,167
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,179,029$2,128,665▼ $50,364
Total Net Assets Fund Balance$2,179,029$2,128,665▼ $50,364
Total Liabilities and Net Assets / Fund Balance$3,279,779$5,636,582▲ $2,356,803

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,850,743$3,734,428$5,585,171
Equipment-$222,860$222,860
Other Assets Org$2,694,295--
Compensation and Service Providers
Top Officer Pay23rd percentile

Board Members and Trustees

NameTitle
Charles Pearsall IiiPresident
Wick SavageMember
John H RichardsonSecretary
Michael GiangiordanoTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$214,807
Investment Income
$49,702
Other Revenue
$0
Change in Net Assets
$-50,364

Audited Revenue Reconciliation

Revenue per Audited Statements
$264,509
Total Revenue per Audited Statements
$264,509
Total Revenue per Form 990
$264,509
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$312,373
Grants and Similar Amounts Paid$2,500
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$200,785--$200,785
Interest$65,289--$65,289
Fees for Services Accounting-$10,590-$10,590
Fees for Services Legal-$8,800-$8,800
Insurance-$4,340-$4,340
Office Expenses-$2,976-$2,976
Grants to Domestic Orgs$2,500--$2,500
Other Expenses-$1,471-$1,471
Information Technology-$849-$849
All Other Expenses-$300-$300
Total Functional Expenses$268,574$46,299$0$314,873

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$314,873
Total Expenses per Audited Statements$314,873
Total Expenses per Form 990$314,873
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
The Preparatory Charter SchoolTenantRental IncomeNo-
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
No
Business relationship with organization members
Yes
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

“The corporation (organization) was organized on a stock share basis.”

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

“The organization provides copies of the 990 tax return to members of the governing body for their review and approval.”

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

“If applicable, conflict of interest statements are prepared by the board members where they are required to disclose any actual or perceived conflict of interest. If conflicts are noted they are investigated and the individual shall refrain from participating in the matter until resolved.”

Form 990, Page 6, Part VI, Line 19

“The organization's governing documents are made available to the public upon a written request to the board members. If permission is granted by the board inspection of the documents is required to take place at the organization's business office.”

Filing and Contact Details

Filer

Filer Name
Friends of the Preparatory Charter
EIN
56-2428125
Phone
2157781980
Address
1928 POINT BREEZE AVE, PHILADELPHIA, PA 19145

Signing Officer

Name
Charles Pearsall Iii
Title
President
Phone
2157781980
Signed
2025-06-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Charles Pearsall Iii
Formed
2003
Legal Domicile
Pa
Voting Board Members
4
Independent Board Members
4
Employees
0

Preparer

Firm
Verna & Associates
Address
105 JESSUP RD STE 100, THOROFARE, NJ 08086-9354
Preparer
Martin B Wilensky
Phone
8563848400
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The organization's primary exempt purpose is to manage the facility occupied by the preparatory charter school of mathematics, science, technology, and careers (the school), a pennsylavania nonprofit corporation.”

Raw XML Appendix337 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.

Path#Value
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IRS990/BooksInCareOfDetail/PhoneNum02157781980
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IRS990/CYContributionsGrantsAmt00
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IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
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IRS990/ExpenseAmt0268574
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
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IRS990/Form990PartVIISectionAGrp/PersonNm1JOHN H RICHARDSON
IRS990/Form990PartVIISectionAGrp/PersonNm2MICHAEL GIANGIORDANO
IRS990/Form990PartVIISectionAGrp/PersonNm3WICK SAVAGE
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
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IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3MEMBER
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02003
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IRS990/GroupReturnForAffiliatesInd0false
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IRS990/IndependentAuditFinclStmtInd0true
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IRS990/IndoorTanningServicesInd0false
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IRS990/IRPDocumentCnt05
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IRS990/OtherExpensesGrp/Desc1BUSINESS LICENSES & FEES
IRS990/OtherExpensesGrp/Desc2MARKETING
IRS990/OtherExpensesGrp/Desc3TELEPHONE EXPENSES
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IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0PREPARTORY CHARTER SCHOOL
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine2Txt0PREPARATORY CHARTER SCHOOL
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IRS990ScheduleA/SupportingOrgType2Ind0X
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IRS990ScheduleD/BuildingsGrp/BookValueAmt01850743
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03734428
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05585171
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0222860
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0222860
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IRS990ScheduleD/OtherAssetsOrgGrp/Desc0CONSTRUCTION IN PROGRESS
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0THE PREPARATORY CHARTER SCHOOL
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO MANAGE THE FACILITY OCCUPIED BY THE PREPARATORY CHARTER SCHOOL OF MATHEMATICS, SCIENCE, TECHNOLOGY, AND CAREERS (THE SCHOOL), A PENNSYLAVANIA NONPROFIT CORPORATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CORPORATION (ORGANIZATION) WAS ORGANIZED ON A STOCK SHARE BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION PROVIDES COPIES OF THE 990 TAX RETURN TO MEMBERS OF THE GOVERNING BODY FOR THEIR REVIEW AND APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3IF APPLICABLE, CONFLICT OF INTEREST STATEMENTS ARE PREPARED BY THE BOARD MEMBERS WHERE THEY ARE REQUIRED TO DISCLOSE ANY ACTUAL OR PERCEIVED CONFLICT OF INTEREST. IF CONFLICTS ARE NOTED THEY ARE INVESTIGATED AND THE INDIVIDUAL SHALL REFRAIN FROM PARTICIPATING IN THE MATTER UNTIL RESOLVED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON A WRITTEN REQUEST TO THE BOARD MEMBERS. IF PERMISSION IS GRANTED BY THE BOARD INSPECTION OF THE DOCUMENTS IS REQUIRED TO TAKE PLACE AT THE ORGANIZATION'S BUSINESS OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TotalAssetsEOYAmt05636582
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0268574
IRS990/TotalFunctionalExpensesGrp/TotalAmt0314873
IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesEOYAmt03507917
IRS990/TotalLiabilitiesGrp/BOYAmt01100750
IRS990/TotalLiabilitiesGrp/EOYAmt03507917
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02128665
IRS990/TotalProgramServiceExpensesAmt0268574
IRS990/TotalProgramServiceRevenueAmt0214807
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0264509
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0264509
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03279779
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt05636582
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01824 FITZWATER STREET
IRS990/USAddress/CityNm0PHILADELPHIA
IRS990/USAddress/StateAbbreviationCd0PA
IRS990/USAddress/ZIPCd019146
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CHARLES PEARSALL III
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02157781980
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-06-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FRIENDS OF THE PREPARATORY CHARTER
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0SCHOOL
ReturnHeader/Filer/BusinessNameControlTxt0FRIE
ReturnHeader/Filer/EIN0562428125
ReturnHeader/Filer/PhoneNum02157781980
ReturnHeader/Filer/USAddress/AddressLine1Txt01928 POINT BREEZE AVE
ReturnHeader/Filer/USAddress/CityNm0PHILADELPHIA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0PA
ReturnHeader/Filer/USAddress/ZIPCd019145
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0202115106
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0VERNA & ASSOCIATES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0105 JESSUP RD STE 100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0THOROFARE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0080869354
ReturnHeader/PreparerPersonGrp/PhoneNum08563848400
ReturnHeader/PreparerPersonGrp/PreparationDt02025-06-26
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MARTIN B WILENSKY
ReturnHeader/ReturnTs02025-06-26T09:52:29-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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