Renaissance Academy Charter School is located in Phoenixville, PA. The organization was established in 2000. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2023, Renaissance Academy Charter School employed 169 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Renaissance Academy 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 06/2023, Renaissance Academy Charter School generated $22.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $23.1m during the year ending 06/2023. While expenses have increased by 5.4% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATION FOR CHILDREN KINDERGARTEN THROUGH GRADE 12
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF CHARTER SCHOOL
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gina Guarino Buli Chief Execut | 40 | $170,000 | |
Carol Ann Schaeffer Business Mgr | 40 | $119,409 | |
Tracey Behrens O'brien College Coun | 40 | $106,549 | |
Harold Smith Dean Of Stud | 40 | $105,385 | |
William Stubanas Facilities M | 40 | $103,652 | |
Seyi Akinfenwa Board Member | Trustee | 1 | $0 |
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Whitsons Culinary Group Food | 6/29/23 | $512,265 |
On Time Transport Co Transportation | 6/29/23 | $376,730 |
Gamut Special Ed Svcs | 6/29/23 | $248,063 |
Pediatric Therapeutic Services Therapy Svcs. | 6/29/23 | $234,931 |
Sawas Learning Company Llc Curriculum | 6/29/23 | $172,738 |
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,598,792 |
| All other contributions, gifts, grants, and similar amounts not included above | $89,104 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,687,896 |
| Total Program Service Revenue | $20,726,841 |
| Investment income | $21,602 |
| 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 | $22,436,339 |
| 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 | $9,098,524 |
| Pension plan accruals and contributions | $1,637,436 |
| Other employee benefits | $3,627,417 |
| Payroll taxes | $733,575 |
| Fees for services: Management | $139,392 |
| Fees for services: Legal | $140,667 |
| Fees for services: Accounting | $45,953 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,990,731 |
| Advertising and promotion | $21,770 |
| Office expenses | $95,184 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $126,972 |
| Travel | $494,970 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,065,368 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,429,047 |
| Insurance | $84,294 |
| All other expenses | $841,440 |
| Total functional expenses | $23,138,124 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,401,847 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,886,514 |
| 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 | $286,645 |
| Net Land, buildings, and equipment | $31,010,858 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $453,967 |
| Other assets | $304,940 |
| Total assets | $44,344,771 |
| Accounts payable and accrued expenses | $1,570,937 |
| Grants payable | $0 |
| Deferred revenue | $90,096 |
| Tax-exempt bond liabilities | $22,189,111 |
| 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 | $304,940 |
| Total liabilities | $24,155,084 |
| Net assets without donor restrictions | $0 |
| 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 | $20,189,687 |
| Total liabilities and net assets/fund balances | $44,344,771 |