Universal Alcorn Charter School Inc
- Assets
- $5.1m
- Revenue
- $9.4m
- Investments
- $0.0
- Employees
- 89
- Location
- Philadelphia, PA
- Founding
- 09/2013
- Data as of
- 06/2022
- EIN
- 46-2806347
Organization Overview
Universal Alcorn Charter School Inc is located in Philadelphia, PA. The organization was established in 2013. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Universal Alcorn Charter School Inc employed 89 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Universal Alcorn Charter School Inc 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, Universal Alcorn Charter School Inc generated $9.4m 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 $8.1m during the year ending 06/2022. While expenses have increased by 0.6% 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 OPERATE A CHARTER SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE EDUCATIONAL PROGRAM UTILIZES COMMUNITY RESOURCES WITHIN THE UNIVERSAL ALCORN'S IMMEDIATE NEIGHBORHOOD THROUGH A VARIETY OF BEFORE, DURING, AND AFTER SCHOOL PARTNERSHIPS WITH FAMILIES, BUSINESSES, SOCIAL AGENCIES, CIVIC GROUPS AND COMMUNITY ORGANIZATIONS TO ENHANCE THE ACADEMIC PROGRAM AND TO SUPPORT STUDENTS AND THEIR FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Curtis Savoy President | Trustee | 1 | $0 |
Dr Patricia Williams-Diaw Secretary Academic Committ | Trustee | 1 | $0 |
Christopher Hill Facilities Committee Chair | Trustee | 1 | $0 |
Phyllis Randal Nomination Committee Chair | Trustee | 1 | $0 |
Aaron Starke School Principal | 40 | $158,203 | |
Sheila F Mallory Employee | 40 | $152,893 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Universal Education Companies Management Fees | 6/29/22 | $252,290 |
Universal Communty Homes Management Fees | 6/29/22 | $151,374 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,232,813 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,232,813 |
| Total Program Service Revenue | $7,044,348 |
| Investment income | $0 |
| 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 | $9,362,684 |
| 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 | $4,069,302 |
| Pension plan accruals and contributions | -$5,230 |
| Other employee benefits | $638,603 |
| Payroll taxes | $301,592 |
| Fees for services: Management | $403,664 |
| Fees for services: Legal | $167,437 |
| Fees for services: Accounting | $22,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $703,974 |
| Advertising and promotion | $6,517 |
| Office expenses | $215,236 |
| Information technology | $268,807 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $94,053 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,325 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $152,931 |
| Insurance | $169,684 |
| All other expenses | $0 |
| Total functional expenses | $8,096,491 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,016,711 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $515,256 |
| Accounts receivable, net | $0 |
| 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 | $138,681 |
| Net Land, buildings, and equipment | $767,316 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $688,379 |
| Total assets | $5,126,343 |
| Accounts payable and accrued expenses | $920,657 |
| Grants payable | $0 |
| Deferred revenue | $18,575 |
| 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 | $4,561,383 |
| Total liabilities | $5,500,615 |
| Net assets without donor restrictions | -$374,272 |
| 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 | $5,126,343 |