Tacony Neighborhood Charter School
- Assets
- $38.3m
- Revenue
- $20.6m
- Investments
- $0.0
- Employees
- 134
- Location
- Philadelphia, PA
- Founding
- 07/2010
- Data as of
- 06/2022
- 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 06/2022, Tacony Neighborhood Charter School employed 134 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 06/2022, Tacony Neighborhood Charter School generated $20.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $21.1m during the year ending 06/2022. While expenses have increased by 6.0% 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
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 |
|---|---|---|---|
Thomas Scheid CEO | Officer | 40 | $153,312 |
Ryan Strasko Principal | 40 | $129,598 | |
Lauren Brophy Asst. Principal | Officer | 40 | $114,476 |
Barbara L Saunders President | Trustee | 2 | $0 |
Dr Ronald Whitaker Vice President | Trustee | 2 | $0 |
Anita Vega-Kaiser Secretary | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bsi Construction Llc Construction Service | 6/29/22 | $504,913 |
Limbach Company Professional Service | 6/29/22 | $170,779 |
Sand Saidel Pc Legal Services | 6/29/22 | $136,472 |
Tristate Hvac Equipment Llp Professional Service | 6/29/22 | $187,057 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,902,634 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $42,402 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,902,634 |
| Total Program Service Revenue | $15,612,824 |
| Investment income | $260 |
| 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 | $20,635,461 |
| 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. | $370,404 |
| Compensation of current officers, directors, key employees. | $64,240 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,528,830 |
| Pension plan accruals and contributions | $731,493 |
| Other employee benefits | $1,599,746 |
| Payroll taxes | $557,021 |
| Fees for services: Management | $1,092,080 |
| Fees for services: Legal | $159,555 |
| Fees for services: Accounting | $26,276 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,940,464 |
| Advertising and promotion | $12,809 |
| Office expenses | $1,485,465 |
| Information technology | $804,305 |
| Royalties | $0 |
| Occupancy | $561,456 |
| Travel | $13,084 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,228 |
| Interest | $2,038,975 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,621,508 |
| Insurance | $182,002 |
| All other expenses | $0 |
| Total functional expenses | $21,071,222 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,172,450 |
| Savings and temporary cash investments | $2,036,792 |
| Pledges and grants receivable | $2,061,660 |
| Accounts receivable, net | $208,817 |
| 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 | $389,617 |
| Net Land, buildings, and equipment | $29,177,969 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,245,788 |
| Total assets | $38,293,093 |
| Accounts payable and accrued expenses | $2,792,200 |
| Grants payable | $0 |
| Deferred revenue | $635,538 |
| 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 | $28,390,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $13,851,000 |
| Total liabilities | $45,668,738 |
| Net assets without donor restrictions | -$7,375,645 |
| 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 | $38,293,093 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
True North Rochester Preparatorycharter School Rochester, NY | $31,478,453 | $41,687,630 |
Classical Charter Schools Bronx, NY | $15,984,342 | $34,614,781 |
Bronx Charter School For Excellence Bronx, NY | $63,378,035 | $40,736,120 |
Avon Grove Charter School West Grove, PA | $50,579,082 | $34,467,872 |
Science Academies Of New York Charter Schools Syracuse, NY | $37,462,091 | $36,615,185 |