Catalyst Academy Charter School
- Assets
- $11.3m
- Revenue
- $5.2m
- Investments
- $0.0
- Employees
- 63
- Location
- Pittsburgh, PA
- Founding
- 11/2019
- Data as of
- 06/2023
- EIN
- 82-5022742
Organization Overview
Catalyst Academy Charter School is located in Pittsburgh, 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 06/2023, Catalyst Academy Charter School employed 63 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Catalyst 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 06/2023, Catalyst Academy Charter School generated $5.2m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 57.8% each year . All expenses for the organization totaled $5.2m during the year ending 06/2023. 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
CREATING A WORLD-CLASS K-8 SCHOOL WHERE CHILDREN ARE PREPARED FOR COLLEGE, CAREER, AND LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE QUALITY EDUCATION TO K-8 STUDENTS AND PREPARE THEM FOR COLLEGE, CAREER, AND LIFE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rachel Amankulor President | OfficerTrustee | 1 | $0 |
Allison Mccarthy Secretary | OfficerTrustee | 1 | $0 |
Thomas Walenchok Treasurer | OfficerTrustee | 1 | $0 |
Carey Harris Board Member | Trustee | 1 | $0 |
Robert Jones Board Member | Trustee | 1 | $0 |
Erin Stiling Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lemington Real Estate Lp Rent And Property Taxes | 6/29/23 | $608,964 |
Upmc Health Plan Health Insurance | 6/29/23 | $295,970 |
Cooks Culinary Management Food Service Fees | 6/29/23 | $238,058 |
Edops Finance And Accounting Services | 6/29/23 | $129,812 |
City Wide Facility Solutions Pittsburgh Janitorial Services And Supplies | 6/29/23 | $125,989 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $504,061 |
| All other contributions, gifts, grants, and similar amounts not included above | $14,062 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $518,123 |
| Total Program Service Revenue | $4,716,745 |
| Investment income | $207 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $12,114 |
| 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 | $5,247,189 |
| 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. | $307,001 |
| Compensation of current officers, directors, key employees. | $38,709 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,072,012 |
| Pension plan accruals and contributions | $214,786 |
| Other employee benefits | $512,370 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $28,899 |
| Fees for services: Accounting | $107,661 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $132,719 |
| Advertising and promotion | $29,854 |
| Office expenses | $60,228 |
| Information technology | $29,710 |
| Royalties | $0 |
| Occupancy | $929,069 |
| Travel | $14,203 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,656 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $104,934 |
| Insurance | $22,156 |
| All other expenses | $0 |
| Total functional expenses | $5,190,537 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,210,043 |
| Savings and temporary cash investments | $4,685 |
| Pledges and grants receivable | $257,832 |
| Accounts receivable, net | $379,361 |
| 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 | $170,171 |
| Net Land, buildings, and equipment | $226,247 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,049,662 |
| Total assets | $11,298,001 |
| Accounts payable and accrued expenses | $213,284 |
| Grants payable | $0 |
| Deferred revenue | $38,230 |
| 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 | $190,279 |
| Other liabilities | $9,142,781 |
| Total liabilities | $9,584,574 |
| Net assets without donor restrictions | $1,690,907 |
| Net assets with donor restrictions | $22,520 |
| 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 | $11,298,001 |