World Communications Charter School
- Assets
- $3.5m
- Revenue
- $13.7m
- Investments
- $0.0
- Employees
- 51
- Location
- Philadelphia, PA
- Founding
- 04/1998
- Data as of
- 06/2016
- 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2016
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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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Victoria Rivers President | OfficerTrustee | 1 | $0 |
Randy Barnes Treasurer | OfficerTrustee | 1 | $0 |
Deborah Singleton Board Member | Trustee | 1 | $0 |
Stephanie Lerner Board Member | Trustee | 1 | $0 |
William Hubbard Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $650,899 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $650,899 |
| Total Program Service Revenue | $5,589,963 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $7,492,185 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,733,047 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,872,465 |
| Pension plan accruals and contributions | $985,000 |
| Other employee benefits | $286,515 |
| Payroll taxes | $301,201 |
| Fees for services: Management | $93,249 |
| Fees for services: Legal | $23,625 |
| 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 | $64,597 |
| Advertising and promotion | $0 |
| Office expenses | $2,514 |
| Information technology | $136,747 |
| Royalties | $454,409 |
| Occupancy | $0 |
| Travel | $5,178 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $42,135 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $96,973 |
| Insurance | $136,565 |
| All other expenses | $8,421,112 |
| Total functional expenses | $14,897,046 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $529,370 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $87,854 |
| 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 | $440,495 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $434,820 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,970,907 |
| Total assets | $3,463,446 |
| Accounts payable and accrued expenses | $765,908 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $11,700,908 |
| Total liabilities | $12,466,816 |
| Unrestricted restricted net Assets | -$9,003,370 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | -$9,003,370 |