Philadelphia Performing Arts A String Theory Charter School
- Assets
- $79.7m
- Revenue
- $47.3m
- Investments
- $0.0
- Employees
- 372
- Location
- Philadelphia, PA
- Founding
- 12/2000
- Data as of
- 06/2022
- 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 06/2022, Philadelphia Performing Arts A String Theory Charter School employed 372 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 06/2022, Philadelphia Performing Arts A String Theory Charter School generated $47.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $44.8m during the year ending 06/2022. While expenses have increased by 6.7% 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
2022
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 S0 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 |
|---|---|---|---|
Javier Kuehnle Chairman | OfficerTrustee | 2 | $0 |
William Bradley Leach Vice Chairman | OfficerTrustee | 2 | $0 |
Kristin Kubach Secretary | OfficerTrustee | 2 | $0 |
Ronald Pigliacelli Treasurer | OfficerTrustee | 2 | $0 |
Evelt Vertil Board Member | Trustee | 2 | $0 |
Krista Alexander Board Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
String Theory Schools Management Fees | 6/29/22 | $1,378,229 |
Nutrition Inc Food Services | 6/29/22 | $958,521 |
Santilli & Thomson Llc Business Services | 6/29/22 | $544,733 |
Abington Speech Pathology Professional Services | 6/29/22 | $457,275 |
Sand & Saidel Pc Legal Services | 6/29/22 | $416,464 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $8,139,094 |
| 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 | $8,139,094 |
| Total Program Service Revenue | $38,168,124 |
| Investment income | $12,008 |
| 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 | $47,304,770 |
| 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. | $584,276 |
| Compensation of current officers, directors, key employees. | $584,276 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $16,704,835 |
| Pension plan accruals and contributions | $992,517 |
| Other employee benefits | $3,468,189 |
| Payroll taxes | $1,423,728 |
| Fees for services: Management | $3,324,376 |
| Fees for services: Legal | $415,225 |
| Fees for services: Accounting | $37,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,652,245 |
| Advertising and promotion | $6,897 |
| Office expenses | $67,291 |
| Information technology | $1,023,646 |
| Royalties | $0 |
| Occupancy | $1,101,659 |
| Travel | $142 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $21,335 |
| Interest | $2,599,904 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,070,461 |
| Insurance | $224,522 |
| All other expenses | $619,000 |
| Total functional expenses | $44,782,011 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,671,265 |
| Savings and temporary cash investments | $9,428,934 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,724,577 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $70,483 |
| Prepaid expenses and deferred charges | $586,000 |
| Net Land, buildings, and equipment | $61,559,387 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,661,143 |
| Total assets | $79,701,789 |
| Accounts payable and accrued expenses | $3,951,588 |
| Grants payable | $0 |
| Deferred revenue | $81,012 |
| 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 | $69,171,349 |
| Total liabilities | $73,203,949 |
| Net assets without donor restrictions | $6,497,840 |
| 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 | $79,701,789 |