Mast Community Charter School Iii
- Assets
- $53.1m
- Revenue
- $21.2m
- Investments
- $0.0
- Employees
- 188
- Location
- Philadelphia, PA
- Founding
- 04/2019
- Data as of
- 06/2022
- EIN
- 83-1383617
Organization Overview
Mast Community Charter School Iii 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, Mast Community Charter School Iii employed 188 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mast Community Charter School Iii is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE OBJECTIVES AND PURPOSES OF THE CHARTER SCHOOL ARE: (1) TO FOSTER QUALITY PUBLIC EDUCATION AND TO ADVANCE THE INTERESTS OF PUBLIC SCHOOL STUDENTS THROUGH THE PROMOTION AND ADVOCACY OF CHARTER SCHOOLS; (2) TO SIMULATE AND REPLICATE THE DEVELOPMENT OF INNOVATIVE PROGRAMS IN PUBLIC EDUCATION WITH AN EMPHASIS ON MATHEMATICS, SCIENCE AND TECHNOLOGY; (3) TO PROVIDE OPPORTUNITIES FOR LEARNING AND ASSESSMENTS; (4) TO PROVIDE PARENTS AND STUDENTS WITH GREATER EDUCATIONAL OPTIONS IN CHOOSING A SCHOOL; (5) TO HOLD TEACHERS, PARENTS, AND SCHOOL ADMINISTRATORS ACCOUNTABLE FOR THE STUDENT EDUCATIONAL PROCESS.; RELIEVE THE OVERCROWDING IN SCHOOLS IN THE CITY; AND ACCOMMODATE THE LARGE DEMAND FOR ADMISSION TO MAST- BYBERRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHARTER SCHOOL PROVIDING EDUCATIONAL INSTRUCTION TO STUDENTS IN THE CITY OF PHILADELPHIA.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phillip Serpiello Principal | Officer | 40 | $104,100 |
Mike Mcgrenehan Board Secretary/treasurer | OfficerTrustee | 3 | $0 |
Linda Gotlieb Board Vice President | OfficerTrustee | 3 | $0 |
Jan Brophy Board President | OfficerTrustee | 3 | $0 |
Andrea Devine Board Member | Trustee | 3 | $0 |
Dorian Smith Resigned 721 Board Member | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
R&a Personal Touch Cleaning Service Custodial Services | 6/29/22 | $194,650 |
Santilli & Thomson Accounting Services | 6/29/22 | $128,831 |
Mac's Janitorial Service Custodial Services | 6/29/22 | $126,519 |
Nutrition Inc Food Service Management | 6/29/22 | $373,830 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,597,754 |
| All other contributions, gifts, grants, and similar amounts not included above | $330,201 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,927,955 |
| Total Program Service Revenue | $16,202,697 |
| Investment income | $17,142 |
| 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 | $21,172,350 |
| 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. | $138,189 |
| Compensation of current officers, directors, key employees. | $138,189 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,378,536 |
| Pension plan accruals and contributions | $297,556 |
| Other employee benefits | $952,745 |
| Payroll taxes | $543,806 |
| Fees for services: Management | $132,225 |
| Fees for services: Legal | $29,906 |
| Fees for services: Accounting | $28,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $686,363 |
| Advertising and promotion | $568 |
| Office expenses | $440,857 |
| Information technology | $300,554 |
| Royalties | $0 |
| Occupancy | $2,199,889 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $21,204 |
| Interest | $1,875,977 |
| Payments to affiliates | $990,448 |
| Depreciation, depletion, and amortization | $237,398 |
| Insurance | $149,849 |
| All other expenses | $0 |
| Total functional expenses | $16,153,591 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,595,443 |
| Savings and temporary cash investments | $11,639,942 |
| Pledges and grants receivable | $1,078,001 |
| Accounts receivable, net | $173,667 |
| 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 | $516,670 |
| Net Land, buildings, and equipment | $38,118,101 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,525 |
| Total assets | $53,124,349 |
| Accounts payable and accrued expenses | $1,424,754 |
| Grants payable | $0 |
| Deferred revenue | $485,204 |
| 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 | $38,347,989 |
| Total liabilities | $40,257,947 |
| Net assets without donor restrictions | $12,866,402 |
| 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 | $53,124,349 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Mast Community Charter School Iii has recieved totaling $958,420.
| Awarding Organization | Amount |
|---|---|
Elevate 215 Philadelphia, PA PURPOSE: Startup Expenses | $958,333 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $87 |
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 |