Propel Schools Inc
- Assets
- $27.1m
- Revenue
- $31.0m
- Investments
- $0.0
- Employees
- 300
- Location
- Pittsburgh, PA
- Founding
- 08/2003
- Data as of
- 06/2023
- EIN
- 03-0483260
Organization Overview
Propel Schools Inc is located in Pittsburgh, PA. The organization was established in 2003. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2023, Propel Schools Inc employed 300 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Propel Schools Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Propel Schools Inc generated $31.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $28.2m during the year ending 06/2023. While expenses have increased by 6.4% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
CHARTER SCHOOL FOR STUDENTS IN GRADES KINDERGARTEN THROUGH TWELFTH. PROPEL'S MISSION IS TO CATALYZE THE TRANSFORMATION OF PUBLIC EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROPEL SCHOOLS IS A CHARTER SCHOOL GRANTED BY A PUBLIC SCHOOL DISTRICT TO SERVE STUDENTS IN THE AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Fair President | OfficerTrustee | 1 | $0 |
Bernard E Carter Vice-President | OfficerTrustee | 1 | $0 |
Heidi Bartholomew Treasurer | OfficerTrustee | 1 | $0 |
Evon Walters Secretary | OfficerTrustee | 1 | $0 |
James Kinville Trustee | Trustee | 1 | $0 |
Don Huber Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Arcon Contracting Contracting | 6/29/23 | $469,888 |
Briggs Transportation Transportation | 6/29/23 | $634,762 |
Huckestein Mechanical Services Mechanical Contracting | 6/29/23 | $1,440,739 |
Sd Transit Transportation | 6/29/23 | $244,269 |
Maxim Staffing Solutions Staffing Services | 6/29/23 | $340,126 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $138,170 |
| Government grants | $6,961,150 |
| All other contributions, gifts, grants, and similar amounts not included above | $451,624 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,550,944 |
| Total Program Service Revenue | $21,222,789 |
| Investment income | $307,601 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $30,999,096 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $492,722 |
| Compensation of current officers, directors, key employees. | $492,722 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,067,773 |
| Pension plan accruals and contributions | $1,353,688 |
| Other employee benefits | $2,246,507 |
| Payroll taxes | $953,606 |
| Fees for services: Management | $1,081,109 |
| Fees for services: Legal | $47,899 |
| Fees for services: Accounting | $19,124 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,315,303 |
| Advertising and promotion | $122,416 |
| Office expenses | $1,638,451 |
| Information technology | $89,934 |
| Royalties | $0 |
| Occupancy | $252,950 |
| Travel | $78,542 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $201,230 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $597,630 |
| Insurance | $907,722 |
| All other expenses | $735,701 |
| Total functional expenses | $28,239,405 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,106,844 |
| Savings and temporary cash investments | $9,150,240 |
| Pledges and grants receivable | $264,354 |
| Accounts receivable, net | $3,290,001 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $9,593 |
| Prepaid expenses and deferred charges | $11,561 |
| Net Land, buildings, and equipment | $7,554,072 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,728,708 |
| Total assets | $27,115,373 |
| Accounts payable and accrued expenses | $3,057,385 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,436,608 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $17,272,784 |
| Total liabilities | $23,766,777 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $3,348,596 |
| Total liabilities and net assets/fund balances | $27,115,373 |
Grants Awarded
Over the last fiscal year, Propel Schools Inc has awarded $124,025 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
PROPEL CHARTER SCHOOL-SUNRISE PURPOSE: 21ST CCLC | $64,679 |
PROPEL CHARTER SCHOOL - MCKEESPORT PURPOSE: 21ST CCLC | $32,846 |
PROPEL CHARTER SCHOOL - NORTHSIDE PURPOSE: 21ST CCLC | $26,500 |