Lehigh Valley Academy Charter School
- Assets
- $96.2m
- Revenue
- $32.6m
- Investments
- $0.0
- Employees
- 341
- Location
- Bethlehem, PA
- Founding
- 04/2002
- Data as of
- 06/2022
- 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 06/2022, Lehigh Valley Academy Charter School employed 341 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lehigh Valley 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 06/2022, Lehigh Valley Academy Charter School generated $32.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $29.5m during the year ending 06/2022. While expenses have increased by 5.7% 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
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 |
|---|---|---|---|
Jeffrey Drobins Treasurer | OfficerTrustee | $0 | |
Martin F Smith Jr President | OfficerTrustee | $0 | |
Naomi Pratt Vice-Preside | OfficerTrustee | $0 | |
Miranda Teboh-Ewungkem Trustee | OfficerTrustee | $0 | |
Susan Mauser CEO | Officer | $0 | |
Jennifer Kennedy Member | Trustee | $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 | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,843,580 |
| All other contributions, gifts, grants, and similar amounts not included above | $18,403 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,861,983 |
| Total Program Service Revenue | $27,533,531 |
| Investment income | $109,520 |
| 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 | $32,574,812 |
| 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 | $14,528,121 |
| Pension plan accruals and contributions | $182,713 |
| Other employee benefits | $2,896,030 |
| Payroll taxes | $1,113,167 |
| 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 | $2,677,851 |
| Advertising and promotion | $9,315 |
| Office expenses | $25,801 |
| Information technology | $539,781 |
| Royalties | $0 |
| Occupancy | $4,291,495 |
| Travel | $337,269 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $948,181 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $243,157 |
| Insurance | $219,066 |
| All other expenses | $115,935 |
| Total functional expenses | $29,540,001 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $193 |
| Savings and temporary cash investments | $64,627,209 |
| Pledges and grants receivable | $1,323,095 |
| Accounts receivable, net | $2,428,305 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $129,063 |
| Inventories for sale or use | $2,067 |
| Prepaid expenses and deferred charges | $3,039,436 |
| Net Land, buildings, and equipment | $24,649,619 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $96,198,987 |
| Accounts payable and accrued expenses | $5,066,459 |
| Grants payable | $0 |
| Deferred revenue | $3,224,889 |
| Tax-exempt bond liabilities | $68,325,000 |
| 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 | $21,026,784 |
| Total liabilities | $97,643,132 |
| 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 | $474,939 |
| Retained earnings, endowment, accumulated income, or other funds | -$1,919,084 |
| Total liabilities and net assets/fund balances | $96,198,987 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Lehigh Valley Academy Charter School has recieved totaling $62,425.
| Awarding Organization | Amount |
|---|---|
Feed The Children Inc Oklahoma City, OK PURPOSE: NECESSITIES FOR NEEDY CHILDREN & FAMILIES | $62,090 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $335 |
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 |