William Penn Charter School Inc
- Assets
- $232.7m
- Revenue
- $59.4m
- Investments
- $361.1k
- Employees
- 249
- Location
- Philadelphia, PA
- Founding
- 07/1986
- Data as of
- 06/2021
- EIN
- 23-0953760
Organization Overview
William Penn Charter School Inc is located in Philadelphia, PA. The organization was established in 1986. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2021, William Penn Charter School Inc employed 249 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. William Penn Charter School 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 06/2021, William Penn Charter School Inc generated $59.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $47.6m during the year ending 06/2021. While expenses have increased by 3.2% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
A COED, PRE-KINDERGARTEN TO GRADE 12 SCHOOL ESTABLISHED IN 1689 BY WILLIAM PENN AS A FRIENDS SCHOOL. A VIGOROUS PROGRAM OF ACADEMICS, ARTS AND ATHLETICS PREPARES STUDENTS FOR HIGHER EDUCATION AND LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
A COED, PRE-KINDERGARTEN TO GRADE 12 SCHOOL ESTABLISHED IN 1689 BY WILLIAM PENN AS A FRIENDS SCHOOL. A VIGOROUS PROGRAM OF ACADEMICS, ARTS AND ATHLETICS PREPARES STUDENTS FOR HIGHER EDUCATION AND LIFE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Darryl J Ford Head-School | Officer | 40 | $648,797 |
Hal S Davidow CFO | Officer | 40 | $260,333 |
Elizabeth Glascott Asst Head-Sc | Officer | 40 | $233,333 |
John T Rogers Head Of Deve | Officer | 40 | $216,667 |
Travis Larrabee Director-Str | Officer | 40 | $175,333 |
Wilson Felter Director-Mid | Officer | 40 | $153,400 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Anthony Rental & Sales Rentals | 6/29/21 | $1,391,571 |
Ar Building Services Inc Housekeeping | 6/29/21 | $467,791 |
Ewing Cole Architects | 6/29/21 | $467,136 |
Cozen O'connor Legal Services | 6/29/21 | $382,616 |
Intech Construction Llc Contractor | 6/29/21 | $26,010,105 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $32,905 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,412,597 |
| Noncash contributions included in lines 1a–1f | $2,007,641 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,445,502 |
| Total Program Service Revenue | $34,422,010 |
| Investment income | $1,743,552 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $121,150 |
| Net Gain/Loss on Asset Sales | $7,702,014 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $59,443,641 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $10,326,950 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $963,227 |
| Compensation of current officers, directors, key employees. | $963,227 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $17,620,210 |
| Pension plan accruals and contributions | $1,323,427 |
| Other employee benefits | $1,989,004 |
| Payroll taxes | $1,388,542 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $485,720 |
| Fees for services: Accounting | $62,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $42,588 |
| Fees for services: Investment Management | $278,636 |
| Fees for services: Other | $0 |
| Advertising and promotion | $104,265 |
| Office expenses | $627,146 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,281,784 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $498,669 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,578,424 |
| Insurance | $359,041 |
| All other expenses | $2,014,260 |
| Total functional expenses | $47,551,577 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $15,321,202 |
| Pledges and grants receivable | $9,585,254 |
| Accounts receivable, net | $491,792 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $170,237 |
| Inventories for sale or use | $104,722 |
| Prepaid expenses and deferred charges | $367,198 |
| Net Land, buildings, and equipment | $90,042,698 |
| Investments—publicly traded securities | $114,426,474 |
| Investments—other securities | $361,063 |
| Investments—program-related | $0 |
| Intangible assets | $489,668 |
| Other assets | $1,370,551 |
| Total assets | $232,730,859 |
| Accounts payable and accrued expenses | $4,159,580 |
| Grants payable | $0 |
| Deferred revenue | $4,270,988 |
| Tax-exempt bond liabilities | $55,525,924 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $235,070 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,856 |
| Total liabilities | $64,197,418 |
| Net assets without donor restrictions | $101,723,488 |
| Net assets with donor restrictions | $66,809,953 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $232,730,859 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that William Penn Charter School Inc has recieved totaling $430,843.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $138,378 |
Ayco Charitable Foundation Cohoes, NY PURPOSE: EDUCATION | $97,500 |
The Melchiorre Family Charitable Foundation Inc Wilmington, DE PURPOSE: ENDOWED GRACE FUND | $50,000 |
Philadelphia Foundation Philadelphia, PA PURPOSE: ANNUAL GIVING | $39,289 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $34,911 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: EDUCATION | $20,000 |
Endowment Analysis
| Beg. Balance | $92,628,708 |
| Earnings | $25,002,566 |
| Net Contributions | $3,598,839 |
| Other Expense | $7,698,519 |
| Ending Balance | $113,531,594 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Horace Mann School Bronx, NY | $475,824,158 | $137,244,948 |
Ethical Culture Fieldston School New York, NY | $252,651,487 | $107,394,843 |
Dalton Schools Inc New York, NY | $268,184,018 | $87,154,384 |
Riverdale Country School Inc Bronx, NY | $247,467,239 | $82,826,277 |
Trinity Episcopal Schools Corporation New York, NY | $265,614,292 | $76,873,691 |
United Nations International School New York, NY | $95,948,249 | $80,239,931 |
Columbia Grammar & Preparatory School New York, NY | $126,207,367 | $82,489,526 |
Poly Prep Country Day School Brooklyn, NY | $174,200,532 | $76,376,518 |
Saint Anns School Brooklyn, NY | $162,069,731 | $73,475,158 |
Pingry Corporation Basking Ridge, NJ | $215,792,985 | $70,756,009 |
Mcdonogh School Incorporated Owings Mills, MD | $267,537,945 | $83,365,139 |
Spence School New York, NY | $416,454,517 | $72,977,566 |