Universal Institute Charter School
- Assets
- $6.5m
- Revenue
- $14.9m
- Investments
- $0.0
- Employees
- 142
- Location
- Philadelphia, PA
- Founding
- 06/1999
- Data as of
- 06/2022
- 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 06/2022, Universal Institute Charter School employed 142 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 06/2022, Universal Institute Charter School generated $14.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $12.9m during the year ending 06/2022. While expenses have increased by 3.1% per year over the past 7 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
2022
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 |
|---|---|---|---|
Mr Kenneth Gamble Board Member | Trustee | 1 | $0 |
Mrs Faatimah Gamble President | Trustee | 1 | $0 |
Ms Salima Rabb Secretary | Trustee | 1 | $0 |
David Thompson II Board Member | Trustee | 1 | $0 |
Michelle Martin Board Member | Trustee | 1 | $0 |
Jeffrey Williams Principal | 40 | $165,082 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Universal Education Companies Management Fees | 6/29/22 | $282,229 |
Universal Community Homes Management Fees | 6/29/22 | $169,338 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,709,251 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $212,149 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,709,251 |
| Total Program Service Revenue | $7,997,416 |
| Investment income | $4,048 |
| 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 | $14,906,896 |
| 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 | $5,654,509 |
| Pension plan accruals and contributions | $254,461 |
| Other employee benefits | $1,710,983 |
| Payroll taxes | $444,721 |
| Fees for services: Management | $451,567 |
| Fees for services: Legal | $82,807 |
| Fees for services: Accounting | $22,870 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $936,517 |
| Advertising and promotion | $10,050 |
| Office expenses | $98,373 |
| Information technology | $258,800 |
| Royalties | $0 |
| Occupancy | $134,571 |
| Travel | $43,736 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $39,879 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $690,867 |
| Insurance | $503,915 |
| All other expenses | $0 |
| Total functional expenses | $12,900,443 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,021,501 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,821,941 |
| 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 | $95,423 |
| Net Land, buildings, and equipment | $1,352,641 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,169,402 |
| Total assets | $6,460,908 |
| Accounts payable and accrued expenses | $1,096,938 |
| Grants payable | $0 |
| Deferred revenue | $14,282 |
| 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 | $8,093,074 |
| Total liabilities | $9,204,294 |
| Net assets without donor restrictions | -$2,743,386 |
| 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 | $6,460,908 |