Aspiras Bilingual Cyber Charter School
- Assets
- $16.0m
- Revenue
- $14.8m
- Investments
- $0.0
- Employees
- 29
- Location
- Philadelphia, PA
- Founding
- 10/2011
- Data as of
- 06/2022
- EIN
- 26-3090660
Organization Overview
Aspiras Bilingual Cyber Charter School is located in Philadelphia, PA. The organization was established in 2011. 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, Aspiras Bilingual Cyber Charter School employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aspiras Bilingual Cyber 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, Aspiras Bilingual Cyber Charter School generated $14.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.2% each year . All expenses for the organization totaled $10.3m during the year ending 06/2022. While expenses have increased by 15.5% 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
TO EMPOWER OUR COMMUNITY THROUGH ADVOCACY, EDUCATION, AND LEADERSHIP DEVELOPMENT OF OUR YOUTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO OPERATE A CYBER CHARTER SCHOOL SERVING CHILDREN IN KINDERGARTEN THROUGH 12TH GRADE. THE SCHOOL PROVIDES INSTRUCTION IN THE FORM OF INTERACTIVE DISTANCE LEARNING CLASSROOMS, ONE-TO-ONE TUTORING, COMPUTER-SUPPORTED COLLABORATIVE LEARNING, PROJECT-BASED LEARNING, AND INSTRUCTION TAILORED TO EACH STUDENT'S INDIVIDUAL EDUCATION NEEDS. ENROLLMENT APPROXIMATED 450 DURING THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Ruiz Principal | Officer | 40 | $134,943 |
Zoraida Ortiz Chair As Of June 2022, Secretary | OfficerTrustee | 1 | $0 |
Maria Andujar Parent Member | Trustee | 1 | $0 |
Adelaida Morales Member | Trustee | 1 | $0 |
Jessica Ortiz Member | Trustee | 1 | $0 |
Ester Roche-Curet Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aspira Inc Of Pennsylvania Management And Supporting Services | 6/29/21 | $2,712,446 |
Acs Consultants Inc Educational Services | 6/29/21 | $301,844 |
Soliant Health Healthcare Jobs And Staffing Services | 6/29/21 | $168,518 |
Kfs Inc Educational Services | 6/29/21 | $1,116,393 |
Fuel Education Educational Services | 6/29/21 | $154,760 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,038,911 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,096 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,042,007 |
| Total Program Service Revenue | $11,734,963 |
| Investment income | $4,470 |
| 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 | $14,798,335 |
| 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. | $182,047 |
| Compensation of current officers, directors, key employees. | $36,410 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,401,073 |
| Pension plan accruals and contributions | -$135,142 |
| Other employee benefits | $406,932 |
| Payroll taxes | $117,045 |
| Fees for services: Management | $1,234,891 |
| Fees for services: Legal | $40,093 |
| Fees for services: Accounting | $57,962 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,159,698 |
| Advertising and promotion | $178 |
| Office expenses | $156,641 |
| Information technology | $641,380 |
| Royalties | $0 |
| Occupancy | $65,595 |
| Travel | $696,237 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $226,504 |
| Interest | $432,382 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $403,463 |
| Insurance | $83,300 |
| All other expenses | $0 |
| Total functional expenses | $10,271,043 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $877,264 |
| Savings and temporary cash investments | $7,353,056 |
| Pledges and grants receivable | $1,140,160 |
| Accounts receivable, net | $37,706 |
| 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 | $63,930 |
| Net Land, buildings, and equipment | $6,390,921 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $136,885 |
| Total assets | $15,999,922 |
| Accounts payable and accrued expenses | $1,089,936 |
| Grants payable | $0 |
| Deferred revenue | $334,503 |
| 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 | $6,105,939 |
| Total liabilities | $7,530,378 |
| Net assets without donor restrictions | $8,451,815 |
| Net assets with donor restrictions | $17,729 |
| 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 | $15,999,922 |