Tacony Neighborhood Charter School
- Assets
- $36.9m
- Revenue
- $24.3m
- Investments
- $0.0
- Employees
- 142
- Location
- Philadelphia, PA
- Founding
- 07/2010
- Data as of
- 06/2023
- EIN
- 26-4265665
Organization Overview
Tacony Neighborhood Charter School is located in Philadelphia, PA. The organization was established in 2010. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2023, Tacony Neighborhood Charter School employed 142 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tacony Neighborhood 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 06/2023, Tacony Neighborhood Charter School generated $24.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $23.7m during the year ending 06/2023. While expenses have increased by 6.8% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O SUPPLIMENTAL DETAIL
Describe the Organization's Program Activity:
Part 3 - Line 4a
TACONY ACADEMY REACHED ITS FULL CONFIGURATION OF GRADES K-12 WITH 1,075 STUDENTS. THE SCHOOL WAS AT FULL ENROLLMENT WITH A SIGNIFICANT WAIT LIST THROUGHOUT THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Todd Parker Director Of Student Planning | 40 | $140,949 | |
Lauren Brophy Asst. Principal | Officer | 40 | $117,683 |
Ryan Strasko Principal | 40 | $134,905 | |
Todd Smith Asst. Principal | 40 | $109,520 | |
Thomas Scheid CEO (former) | 40 | $107,281 | |
Greg Tyndall Building Engineer | 40 | $101,592 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Brett Divoni Associates Llc Consulting | 6/29/23 | $675,120 |
Bsi Construction Llc Construction | 6/29/23 | $243,451 |
Sand Abd Saidel Pc Legal | 6/29/23 | $117,663 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $8,968,589 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $69,027 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,968,589 |
| Total Program Service Revenue | $14,765,011 |
| Investment income | $7,760 |
| 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 | $24,298,732 |
| 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. | $428,424 |
| Compensation of current officers, directors, key employees. | $73,372 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,355,570 |
| Pension plan accruals and contributions | $708,444 |
| Other employee benefits | $1,837,089 |
| Payroll taxes | $622,414 |
| Fees for services: Management | $1,022,109 |
| Fees for services: Legal | $156,543 |
| Fees for services: Accounting | $32,302 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,040,655 |
| Advertising and promotion | $1,000 |
| Office expenses | $1,639,187 |
| Information technology | $797,141 |
| Royalties | $0 |
| Occupancy | $542,436 |
| Travel | $124,449 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,955 |
| Interest | $2,004,531 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,686,879 |
| Insurance | $157,931 |
| All other expenses | $0 |
| Total functional expenses | $23,727,275 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $297,446 |
| Savings and temporary cash investments | $1,538,022 |
| Pledges and grants receivable | $2,426,396 |
| Accounts receivable, net | $1,612,874 |
| 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 | $388,640 |
| Net Land, buildings, and equipment | $3,123,299 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $27,468,884 |
| Total assets | $36,855,561 |
| Accounts payable and accrued expenses | $2,976,703 |
| Grants payable | $0 |
| Deferred revenue | $55,046 |
| 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 | $27,805,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $12,823,000 |
| Total liabilities | $43,659,749 |
| Net assets without donor restrictions | -$6,804,188 |
| 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 | $36,855,561 |