World Communications Charter School
- Assets
- $2.2m
- Revenue
- $5.9m
- Investments
- $0.0
- Employees
- 51
- Location
- Philadelphia, PA
- Founding
- 04/1998
- Data as of
- 06/2017
- EIN
- 23-2918089
Organization Overview
World Communications Charter School is located in Philadelphia, PA. The organization was established in 1998. 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 06/2016, World Communications Charter School employed 51 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. World Communications Charter School 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 06/2017, World Communications Charter School generated $5.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (24.4%) each year. All expenses for the organization totaled $7.1m during the year ending 06/2017. As we would expect to see with falling revenues, expenses have declined by (22.0%) per year over the past 3 years. 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
2017
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF A CHARTER SCHOOL
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE EDUCATION FOR GRADES 6TH THROUGH 12TH IN A CHARTER SCHOOL ENVIORMENT IN PHILADELPHIA, PENNSYLVAINA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randy Barnes Treasurer | OfficerTrustee | 1 | $0 |
Victoria Rivers President | OfficerTrustee | 1 | $0 |
William Hubbard Board Member | Trustee | 1 | $0 |
Deborah Singleton Board Member | Trustee | 1 | $0 |
Stephanie Lerner Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $774,967 |
| Investment income | $0 |
| 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 | $5,931,341 |
| Statement of Expenses | |
|---|---|
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,053,640 |
| Pension plan accruals and contributions | $624,873 |
| Other employee benefits | $331,941 |
| Payroll taxes | $335,683 |
| Fees for services: Management | $95,264 |
| Fees for services: Legal | $131,794 |
| Fees for services: Accounting | $20,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,066 |
| Office expenses | $79,408 |
| Information technology | $126,090 |
| Royalties | $0 |
| Occupancy | $560,643 |
| Travel | $3,118 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $31,053 |
| Insurance | $145,811 |
| All other expenses | $0 |
| Total functional expenses | $7,075,720 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $421,943 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $153,064 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,155,601 |
| Total assets | $2,161,649 |
| Accounts payable and accrued expenses | $863,366 |
| Grants payable | $0 |
| Deferred revenue | $511,032 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $10,935,000 |
| Total liabilities | $12,309,398 |
| Net assets without donor restrictions | -$10,147,749 |
| 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 |
| Total liabilities and net assets/fund balances | -$10,147,749 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that World Communications Charter School has recieved totaling $8,328,526.
| Awarding Organization | Amount |
|---|---|
Urban Affairs Coalition Philadelphia, PA PURPOSE: FUNDING ADMINISTERED BY THE COALITION AS PART OF THE WORLD COMMUNICATION EDUCATION FUND WENT TO SUPPORT THE CLOSING OF THE WORLD COMMUNICATIONS CHARTER SCHOOL AND TO RESEARCH AND DEVELOP A SCHOLARSHIP PLAN | $8,328,526 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Executive Education Academy Charter School Allentown, PA | $63,584,076 | $23,169,797 |
Foundation Academy Charter School Trenton, NJ | $16,120,573 | $21,345,321 |
Albany Academy Albany, NY | $58,726,077 | $27,181,105 |
Tatnall School Inc Wilmington, DE | $48,687,568 | $19,526,911 |
Elisabeth Morrow School Englewood, NJ | $43,835,854 | $20,290,882 |
Yeshiva Ktana Of Passaic Passaic, NJ | $33,764,196 | $20,538,079 |
Franklintown Charter High School Philadelphia, PA | $47,616,708 | $24,090,071 |
Nichols School Of Buffalo Buffalo, NY | $102,003,479 | $42,213,694 |
Yeshiva Shaare Torah Inc Brooklyn, NY | $32,363,623 | $20,724,747 |
Yeshivat Heatid Inc Teaneck, NJ | $17,160,980 | $19,921,065 |
Ideal School Of Manhattan New York, NY | $22,538,816 | $19,239,739 |
Peck School Morristown, NJ | $71,516,691 | $18,101,005 |