Mastery Charter Schools Foundation

Organization Overview

Mastery Charter Schools Foundation is located in Philadelphia, PA. The organization was established in 2007. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mastery Charter Schools Foundation 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 06/2021, Mastery Charter Schools Foundation generated $8.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $6.9m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Mastery Charter Schools Foundation has awarded 130 individual grants totaling $30,169,687. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO DEVELOP AND PROVIDE FINANCIAL SUPPORT FOR THE MASTERY NETWORK OF CHARTER SCHOOLS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

MASTERY CHARTER SCHOOLS FOUNDATION WILL DRIVE EDUCATIONAL REFORM BY SUPPORTING THE ACADEMIC AND OPERATIONAL PROGRAMS OF MASTERY CHARTER SCHOOLS.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Board, Officers & Key Employees

Name (title)Compensation
Stephen Cohn
President
$0
Brook J Lenfest
Board Member
$0
Mona Burke
Board Member
$0
David Smith
Board Member
$0
William Luterman
Board Member
$0
Walter Maner
Board Member
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Northstar Owners Representation
Construction Management Services
$113,376
Skanska Usa Building Inc
Construction
$9,767,007
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$2,213,943
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$2,213,943
Total Program Service Revenue$0
Investment income $5,923,837
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $304,242
Net Gain/Loss on Asset Sales $88,586
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $8,533,885

Grants Awarded

Over the last fiscal year, Mastery Charter Schools Foundation has awarded $2,651,977 in support to 15 organizations.

Grant RecipientAmount

MASTERY CHARTER HIGH SCHOOL

Org PageRecipient Profile

Philadelphia, PA

PURPOSE: Charter school support, development and expansion

$1,906,032

MASTERY CHARTER SCHOOL - GRATZ CAMPUS

Org PageRecipient Profile

Philadelphia, PA

PURPOSE: Charter school support

$617,926

MASTERY CHARTER SCHOOL - PICKETT CAMPUS

Org PageRecipient Profile

Philadelphia, PA

PURPOSE: Charter school support- Unused Grant to Be Returned

$41,957

MASTERY CHARTER SCHOOL - SMEDLEY ELEMENTARY

Org PageRecipient Profile

Philadelphia, PA

PURPOSE: Charter school support

$31,542

MASTERY CHARTER SCHOOLS OF CAMDEN

Org PageRecipient Profile

Philadelphia, PA

PURPOSE: Charter school support

$27,430

FREDERICK DOUGLASS MASTERY CHARTER SCHOOL

Org PageRecipient Profile

Philadelphia, PA

PURPOSE: Charter school support

$10,638
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 11 grants that Mastery Charter Schools Foundation has recieved totaling $506,409.

Awarding OrganizationAmount
Bill & Melinda Gates Foundation

Seattle, WA

PURPOSE: K-12 EDUCATION

$250,000
Bill & Melinda Gates Foundation

Seattle, WA

PURPOSE: K-12 EDUCATION

$99,295
Schwab Charitable Fund

San Francisco, CA

PURPOSE: EDUCATION

$86,000
Hilda & Preston Davis Private Foundation

Philadelphia, PA

PURPOSE: STUDENT ENRICHMENT PROGRAMS

$25,000
Falconhead Foundation Inc

New York, NY

PURPOSE: GENERAL SUPPORT

$15,000
Whirlpool Collective Impact Fund

Benton Harbor, MI

PURPOSE: CARE COUNTS LAUNDRY PROGRAM

$10,000
View Grant Recipient Profile

Create an account to unlock the data you need.

or