Lehigh Valley Academy Charter School
- Assets
- $15.0m
- Revenue
- $27.0m
- Investments
- $0.0
- Employees
- 323
- Location
- Bethlehem, PA
- Founding
- 04/2002
- Data as of
- 06/2020
- EIN
- 23-3066539
Organization Overview
Lehigh Valley Academy Charter School is located in Bethlehem, PA. The organization was established in 2002. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2020, Lehigh Valley Academy Charter School employed 323 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 06/2020, Lehigh Valley Academy Charter School generated $27.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $24.7m during the year ending 06/2020. While expenses have increased by 3.5% 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE LEHIGH VALLEY ACADEMY REGIONAL CHARTER SCHOOL, A FULLY AUTHORIZED, DYNAMIC K-12 IB WORLD SCHOOL, IS TO EDUCATE ALL STUDENTS THROUGH BEST LEARNING PRACTICES AND INNOVATIVE TEACHING STRATEGIES TO BE RESPONSIBLE CONTRIBUTORS IN THE COMMUNITY AND SUCCESSFUL IN A 21ST CENTURY GLOBAL ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVISION OF KINDERGARTEN THROUGH GRADE 12 PUBLIC EDUCATION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Mauser CEO | Officer | 40 | $121,771 |
Martin F Smith Jr President | OfficerTrustee | 5 | $0 |
Miranda Teboh-Ewungkem Trustee | OfficerTrustee | 5 | $0 |
Jennifer Kennedy Treasurer | OfficerTrustee | 5 | $0 |
Naomi Pratt Vice-Preside | OfficerTrustee | 5 | $0 |
Stephen Mcfarlane Secretary | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Perfection Building Maintenance Cleaning & Main | 6/29/15 | $149,941 |
Therapy Source Inc Therapy | 6/29/15 | $113,540 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,649,860 |
| Investment income | $65,561 |
| 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 | $27,043,211 |
| Statement of Expenses | |
|---|---|
| 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. | $121,771 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,609,256 |
| Pension plan accruals and contributions | $899,350 |
| Other employee benefits | $2,503,469 |
| Payroll taxes | $968,960 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,535,083 |
| Advertising and promotion | $4,296 |
| Office expenses | $27,120 |
| Information technology | $371,310 |
| Royalties | $0 |
| Occupancy | $3,979,178 |
| Travel | $264,902 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $7,745 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $232,658 |
| Insurance | $103,833 |
| All other expenses | $0 |
| Total functional expenses | $24,690,910 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $193 |
| Savings and temporary cash investments | $7,567,403 |
| Pledges and grants receivable | $111,565 |
| Accounts receivable, net | $1,342,951 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,903 |
| Prepaid expenses and deferred charges | $2,434,582 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,129,063 |
| Total assets | $14,993,821 |
| Accounts payable and accrued expenses | $3,136,156 |
| Grants payable | $0 |
| Deferred revenue | $3,866,161 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $2,401,161 |
| 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 | $17,118,512 |
| Total liabilities | $24,120,829 |
| 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 |
| Total liabilities and net assets/fund balances | -$9,127,008 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Lehigh Valley Academy Charter School has recieved totaling $103,310.
| Awarding Organization | Amount |
|---|---|
Feed The Children Inc Oklahoma City, OK PURPOSE: NECESSITIES FOR NEEDY CHILDREN & FAMILIES | $51,655 |
Feed The Children Inc Oklahoma City, OK PURPOSE: NECESSITIES FOR NEEDY CHILDREN & FAMILIES | $51,655 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Academy Charter School Hempstead, NY | $99,731,465 | $42,238,674 |
Explore Excel Charter School Brooklyn, NY | $20,698,591 | $40,830,534 |
Public Prep Charter School Academies Bronx, NY | $21,991,196 | $44,335,689 |
Mastery Charter High School Philadelphia, PA | $33,408,997 | $46,682,982 |
Chesapeake Lighthouse Foundation Inc Laurel, MD | $95,248,368 | $41,440,883 |
Little Red School House Inc New York, NY | $48,650,617 | $35,094,264 |
Brooklyn Prospect Charter School Brooklyn, NY | $11,861,587 | $34,456,457 |
Philadelphia Performing Arts A String Theory Charter School Philadelphia, PA | $20,881,522 | $38,579,436 |
True North Rochester Preparatorycharter School Rochester, NY | $24,096,877 | $38,977,617 |
Monarch Academy Public Charter School Inc Baltimore, MD | $12,090,239 | $30,534,788 |
First Philadelphia Preparatory Charter School Philadelphia, PA | $12,420,334 | $28,809,502 |
Family Life Academy Charter School Bronx, NY | $17,752,122 | $30,961,313 |