Universal Institute Charter School
- Assets
- $3.4m
- Revenue
- $10.5m
- Investments
- $0.0
- Employees
- 202
- Location
- Philadelphia, PA
- Founding
- 06/1999
- Data as of
- 06/2021
- EIN
- 23-2996040
Organization Overview
Universal Institute Charter School is located in Philadelphia, PA. The organization was established in 1999. 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, Universal Institute Charter School employed 202 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Universal Institute 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 06/2021, Universal Institute Charter School generated $10.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $9.1m during the year ending 06/2021. 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
TO OPERATE A CHARTER SCHOOL
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE EDUCATIONAL PROGRAM UTILIZES COMMUNITY RESOURCES WITHIN THE UNIVERSAL INSTITUTE'S IMMEDIATE NEIGHBORHOOD THROUGH A VARIETY OF BEFORE, DURING, AND AFTER SCHOOL PARTNERSHIPS WITH FAMILIES, BUSINESSES, SOCIAL AGENCIES, CIVIC GROUPS AND COMMUNITY ORGANIZATIONS TO ENHANCE THE ACADEMIC PROGRAM AND TO SUPPORT STUDENTS AND THEIR FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey Williams Principal | 40 | $149,654 | |
Dr Emma Chappell Treasurer | OfficerTrustee | 1 | $0 |
Ms Salima Rabb Secretary | Trustee | 1 | $0 |
Mr Kenneth Gamble Board Member | Trustee | 1 | $0 |
Mrs Faatimah Gamble President | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Universal Education Companies Management Fees | 6/29/21 | $189,830 |
Universal Community Homes Management Fees | 6/29/21 | $316,385 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,632,300 |
| 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 | $1,632,300 |
| Total Program Service Revenue | $8,753,224 |
| Investment income | $1,156 |
| 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 | $10,521,421 |
| 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 | $4,831,659 |
| Pension plan accruals and contributions | -$78,929 |
| Other employee benefits | $1,213,802 |
| Payroll taxes | $360,380 |
| Fees for services: Management | $506,216 |
| Fees for services: Legal | $15,415 |
| Fees for services: Accounting | $22,304 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $305,159 |
| Advertising and promotion | $12,479 |
| Office expenses | $110,728 |
| Information technology | $292,170 |
| Royalties | $0 |
| Occupancy | $799,504 |
| Travel | $9,122 |
| 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 | $9,815 |
| Insurance | $238,496 |
| All other expenses | $1,677 |
| Total functional expenses | $9,067,791 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $855,739 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $681,211 |
| 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 | $92,459 |
| Net Land, buildings, and equipment | $100,774 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,693,368 |
| Total assets | $3,423,551 |
| Accounts payable and accrued expenses | $859,011 |
| 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 | $7,295,092 |
| Total liabilities | $8,154,103 |
| Net assets without donor restrictions | -$4,730,552 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $3,423,551 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Universal Institute Charter School has recieved totaling $35,238.
| Awarding Organization | Amount |
|---|---|
Elevate 215 Philadelphia, PA PURPOSE: Chromebooks | $35,238 |
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 |