Philadelphia Performing Arts A String Theory Charter School
- Assets
- $27.7m
- Revenue
- $43.2m
- Investments
- $0.0
- Employees
- 325
- Location
- Philadelphia, PA
- Founding
- 12/2000
- Data as of
- 06/2021
- EIN
- 23-3040987
Organization Overview
Philadelphia Performing Arts A String Theory Charter School is located in Philadelphia, 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 06/2021, Philadelphia Performing Arts A String Theory Charter School employed 325 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Philadelphia Performing Arts A String Theory 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, Philadelphia Performing Arts A String Theory Charter School generated $43.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.1% each year . All expenses for the organization totaled $37.5m during the year ending 06/2021. While expenses have increased by 8.4% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO EDUCATE EACH CHILD ACCORDING TO AGE AND DEVELOPMENT, SO THAT LEARNING AND GROWTH ARE UNITED; TO INTEGRATE THE DEVELOPING MIND AND BODY OF THE CHILD WITH ACADEMICS AND THE PERFORMING ARTS TO ENSURE EACH CHILD'S EXCELLENCE IN CORE AND ACADEMIC SKILLS; TO AWAKEN AND PRESERVE THE SPIRIT OF OUR CHILDREN THROUGH THE VISUAL ARTS, VOCAL ARTS, INSTRUMENTAL MUSIC, CREATIVE WRITING, CLASSICAL BALLET, FRENCH, AND INNOVATIONS IN THE FIELD OF SCIENCE - ALL INTERTWINED WITH TECHNOLOGY, AND; TO NOURISH THIS SPIRIT AND CURIOSITY 50 THAT STUDENTS CONTINUE TO FLOURISH LONG AFTER THE END OF FORMAL TRAINING
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHARTER SCHOOL PROVIDING STUDENTS A CONTENT RICH, ADADEMICALLY RIGEROUS CORE KNOWLEDGE EDUCATION WITH A WELL-DEFINED, SEQUENTIAL CURRICULUM IN A SAFE, ORDERLY DISIPLINED AND CARING ENVIRONMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Angela Puleio CEO & Principal | Officer | 40 | $137,146 |
Angela Ciccanti Principal | 40 | $126,621 | |
Julia Viola Vice Principal | 40 | $105,901 | |
Gina Knowles Special Ed Director | 40 | $105,028 | |
Ronald Pigliacelli Treasurer | OfficerTrustee | 2 | $0 |
Kristin Kubach Secretary | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
String Theory Schools Management Fees | 6/29/21 | $2,588,125 |
Nutrition Inc Food Services | 6/29/21 | $827,874 |
Yale School Inc Approved Private School | 6/29/21 | $532,515 |
Santilli & Thomson Llc Business Services | 6/29/21 | $519,281 |
Abington Speech Pathology Professional Services | 6/29/21 | $480,118 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,399,345 |
| 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 | $4,399,345 |
| Total Program Service Revenue | $38,435,852 |
| Investment income | $14,434 |
| 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 | $43,176,770 |
| 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 | $14,192,641 |
| Pension plan accruals and contributions | $1,246,415 |
| Other employee benefits | $3,287,118 |
| Payroll taxes | $1,172,600 |
| Fees for services: Management | $3,137,009 |
| Fees for services: Legal | $445,635 |
| Fees for services: Accounting | $27,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,621,696 |
| Advertising and promotion | $6,966 |
| Office expenses | $41,209 |
| Information technology | $788,457 |
| Royalties | $0 |
| Occupancy | $5,259,699 |
| Travel | $2,083 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $57,728 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $755,628 |
| Insurance | $226,563 |
| All other expenses | $905,239 |
| Total functional expenses | $37,547,495 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,119,953 |
| Savings and temporary cash investments | $14,157,963 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,321,377 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $454 |
| Prepaid expenses and deferred charges | $2,550,705 |
| Net Land, buildings, and equipment | $4,083,127 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,474,832 |
| Total assets | $27,708,411 |
| Accounts payable and accrued expenses | $4,021,361 |
| Grants payable | $0 |
| Deferred revenue | $95,106 |
| 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 | $19,165,358 |
| Total liabilities | $23,281,825 |
| Net assets without donor restrictions | $4,426,586 |
| 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 | $27,708,411 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Philadelphia Performing Arts A String Theory Charter School has recieved totaling $187.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $187 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ascend Charter Schools Brooklyn, NY | $45,182,055 | $130,071,368 |
Team Academy Charter School Inc Newark, NJ | $62,784,056 | $112,036,254 |
Agora Cyber Charter School King Of Prussia, PA | $29,812,274 | $123,843,368 |
Kipp Nyc Public Charter Schools Ii New York, NY | $29,013,020 | $109,312,231 |
The Academy Charter School Hempstead, NY | $181,369,373 | $54,353,660 |
Mastery Charter High School Philadelphia, PA | $43,740,057 | $52,618,647 |
Public Prep Charter School Academies Bronx, NY | $28,993,375 | $52,903,915 |
Chesapeake Lighthouse Foundation Inc Laurel, MD | $97,823,093 | $48,417,489 |
Explore Excel Charter School Brooklyn, NY | $21,686,253 | $46,865,700 |
Brooklyn Prospect Charter School Brooklyn, NY | $14,747,543 | $42,286,541 |
Little Red School House Inc New York, NY | $50,588,811 | $36,915,940 |
Philadelphia Performing Arts A String Theory Charter School Philadelphia, PA | $27,708,411 | $43,176,770 |