Keystone Academy Charter School
- Assets
- $16.0m
- Revenue
- $12.0m
- Investments
- $0.0
- Employees
- 79
- Location
- Philadelphia, PA
- Founding
- 10/2009
- Data as of
- 06/2022
- EIN
- 61-1524966
Organization Overview
Keystone Academy Charter School is located in Philadelphia, PA. The organization was established in 2009. 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, Keystone Academy Charter School employed 79 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Keystone 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, Keystone Academy Charter School generated $12.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $9.7m during the year ending 06/2022. While expenses have increased by 8.5% 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 PROVIDE A RIGOROUS ACADEMIC PROGRAM UTILIZING A CONCENTRATED SCIENCE AND MATH CURRICULUM THAT EMPLOYS THE USE OF INTEGRATED TECHNOLOGY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF PUBLIC SCHOOL CHARTERED BY THE COMMONWEALTH OFPENNSYLVANIA. DURING THE YEAR ENDED JUNE 30, 2022, THE SCHOOL SERVEDAPPROXIMATELY 645 CHILDREN, 66% OF WHOM WERE FROM LOW-INCOME FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gretchen Alston President | OfficerTrustee | 0.5 | $0 |
Fred Phelps Vice President | OfficerTrustee | 0.5 | $0 |
Marie Mccarthy Member | Trustee | 0.5 | $0 |
Alma Diggs Treasurer | OfficerTrustee | 0.5 | $0 |
Tina Peterson Member | Trustee | 0.5 | $0 |
Dr Anthony Stevenson Secretary | OfficerTrustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Easter Seals Day Care/ Autism Services | 6/29/22 | $322,062 |
The Nutrition Group Food Service Management | 6/29/22 | $210,674 |
Cleannet Usa Janitorial Services | 6/29/22 | $143,885 |
Sand And Saidel Pc Legal Services | 6/29/22 | $128,153 |
A Step Up Academy Academic Services | 6/29/22 | $120,166 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,433,944 |
| 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 | $2,433,944 |
| Total Program Service Revenue | $9,473,008 |
| Investment income | $805 |
| 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 | $11,998,666 |
| 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. | $351,522 |
| Compensation of current officers, directors, key employees. | $351,522 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,618,915 |
| Pension plan accruals and contributions | $761,367 |
| Other employee benefits | $974,839 |
| Payroll taxes | $311,749 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $150,312 |
| Fees for services: Accounting | $34,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,224,632 |
| Advertising and promotion | $3,297 |
| Office expenses | $274,423 |
| Information technology | $37,254 |
| Royalties | $0 |
| Occupancy | $1,474,743 |
| Travel | $862 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,148 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $125,691 |
| Insurance | $87,362 |
| All other expenses | $0 |
| Total functional expenses | $9,744,745 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,381,993 |
| Savings and temporary cash investments | $594,093 |
| Pledges and grants receivable | $325,485 |
| Accounts receivable, net | $8,789 |
| 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 | $98,547 |
| Net Land, buildings, and equipment | $276,688 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,294,475 |
| Total assets | $15,980,070 |
| Accounts payable and accrued expenses | $1,002,027 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $8,836,587 |
| Total liabilities | $9,838,614 |
| Net assets without donor restrictions | $6,141,456 |
| 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 | $15,980,070 |