Mastery Prep Elementary

Organization Overview

Mastery Prep Elementary is located in Philadelphia, PA. The organization was established in 2019. 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, Mastery Prep Elementary employed 68 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mastery Prep Elementary 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, Mastery Prep Elementary generated $9.0m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 24.5% each year . All expenses for the organization totaled $8.6m during the year ending 06/2022. While expenses have increased by 19.7% per year over the past 4 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

STUDENTS LEARN THE SKILLS NEEDED FOR POST-SECONDARY SUCCESS AND ARE ABLE TO PURSUE THEIR DREAMS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

MASTERY SCHOOLS INTEGRATES EDUCATIONAL BEST PRACTICES AND EFFECTIVE MANAGEMENT TO DRIVE STUDENT ACHIEVEMENT. OUR ACADEMIC STAFF IS OUTSTANDING AND RELENTLESSLY COMMITTED TO STUDENT ACHIEVEMENT AND CONTINUALLY IMPROVE THEIR CRAFT THROUGH HIGHLY-EFFECTIVE PROFESSIONAL DEVELOPMENT, COACHING, AND COLLABORATIVE SUPPORT. INSTRUCTION IS GROUNDED BY A COMMON PEDAGOGICAL VISION AND GUIDED BY RIGOROUS STANDARDS-BASED CURRICULA. WE ALIGN ASSESSMENTS TO CLEAR AND MEANINGFUL OBJECTIVES AND USE ASSESSMENT DATA TO TARGET AREAS OF NEED.MASTERY PREP ELEMENTARY CHARTER SCHOOL SERVES STUDENTS IN GRADES K-5.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Mastery Charter Schools Foundation
Rent
$300,000
Mastery Charter High School
Management And Technology Services
$765,219
Yale School Of Philadelphia
Educational Services
$244,780
Elwyn Inc
Educational Services
$231,420
Cora Services Inc
Educational Services
$164,858
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $1,965,116
All other contributions, gifts, grants, and similar amounts not included above$515,109
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$2,480,225
Total Program Service Revenue$6,507,831
Investment income $5,837
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 $8,993,893

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Mastery Prep Elementary has recieved totaling $580,109.

Awarding OrganizationAmount
Elevate 215

Philadelphia, PA

PURPOSE: Startup Expenses

$375,000
Mastery Charter High School

Philadelphia, PA

PURPOSE: PROGRAM EXPENSES

$205,109
View Grant Recipient Profile

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