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← PERSEUS HOUSE CHARTER SCHOOL OF EXCELLENCE

Form 990 for tax year 2023

Filed by PERSEUS HOUSE CHARTER SCHOOL OF EXCELLENCE.

Totals

Total revenue
$13,814,847
Total expenses
$12,562,567
Contributions and grants received
$3,963,971
Grants paid
$0
Program service revenue
$9,844,465
Investment income
$6,411
Other revenue
$0
Total assets, end of year
$8,273,489
Total liabilities, end of year
$1,281,831
Net assets or fund balances, end of year
$6,991,658
Program services expenses (Part IX)
$12,511,712
Management and general expenses
$50,855
Fundraising expenses
$0
Program service expenses (Part III)
$12,511,712

Program services were 99.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $3,935,123

  • 1f · All other contributions, gifts and grants

    $28,848

  • 2a · Program service revenue: SCHOOL REVENUE

    total $9,795,655 · related or exempt $9,795,655

  • 2f · All other program service revenue

    total $48,810 · related or exempt $48,810

  • 3 · Investment income

    total $19,912 · related or exempt $19,912

  • 7b · Less cost or other basis and sales expenses

    other assets $13,501

  • 7c · Gain or loss

    other assets -$13,501

  • 7d · Net gain or loss

    total -$13,501 · related or exempt -$13,501

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $353,605 · program services $353,605

  • 7 · Other salaries and wages

    total $5,213,372 · program services $5,213,372

  • 8 · Pension plan contributions

    total $1,561,172 · program services $1,561,172

  • 9 · Other employee benefits

    total $1,347,544 · program services $1,347,544

  • 10 · Payroll taxes

    total $444,434 · program services $444,434

  • 11a · Fees: management

    total $186,804 · program services $186,804

  • 11b · Fees: legal

    total $31,086 · management and general $31,086

  • 11c · Fees: accounting

    total $19,769 · management and general $19,769

  • 11g · Fees: other

    total $276,136 · program services $276,136

  • 12 · Advertising and promotion

    total $29,684 · program services $29,684

  • 14 · Information technology

    total $701,415 · program services $701,415

  • 16 · Occupancy

    total $842,470 · program services $842,470

  • 17 · Travel

    total $8,585 · program services $8,585

  • 22 · Depreciation, depletion and amortization

    total $248,067 · program services $248,067

  • 23 · Insurance

    total $54,636 · program services $54,636

  • 24a · Other expenses: OTHER

    total $846,508 · program services $846,508

  • 24b · Other expenses: SUPPLIES

    total $240,639 · program services $240,639

  • 24c · Other expenses: FOOD/MEALS

    total $119,868 · program services $119,868

  • 24d · Other expenses: BOOKS/PERIODICALS

    total $20,791 · program services $20,791

  • 24e · All other expenses

    total $15,982 · program services $15,982

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,595,311 · end of year $4,745,453

  • 3 · Pledges and grants receivable

    beginning of year $233,178 · end of year $785,054

  • 4 · Accounts receivable

    beginning of year $863,411 · end of year $807,684

  • 9 · Prepaid expenses and deferred charges

    beginning of year $53,668 · end of year $37,430

  • 10a · Land, buildings and equipment: cost or other basis

    $4,156,028

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,258,160

  • 10c · Land, buildings and equipment, net

    beginning of year $2,032,802 · end of year $1,897,868

  • 17 · Accounts payable and accrued expenses

    beginning of year $276,588 · end of year $597,180

  • 19 · Deferred revenue

    beginning of year $126,219 · end of year $28,919

  • 25 · Other liabilities

    beginning of year $636,185 · end of year $655,732

  • 27 · Net assets without donor restrictions

    beginning of year $3,755,996 · end of year $5,146,520

  • 28 · Net assets with donor restrictions

    beginning of year $1,983,382 · end of year $1,845,138

Mission and programs · 2023

Mission

THE MISSION OF THE PERSEUS HOUSE CHARTER SCHOOL OF EXCELLENCE IS TO PROVIDE A VARIETY OF EDUCATIONAL OPPORTUNITIES TO FOSTER ACADEMIC EXCELLENCE THROUGH PARTNERSHIPS WITH FAMILY, COMMUNITY, AND SCHOOL.

  • CHARTER SCHOOL SPECIALIZING IN THE EDUCATION OF AT-RISK STUDENTS IN REGULAR AND SPECIAL EDUCATION FORMATS FOR STUDENTS FROM SIXTH THROUGH TWELFTH GRADES (695 STUDENTS SERVED IN 2023-24)

    Expenses $12,511,712 · Revenue $9,850,876

As filed on the 2023 return.

Listed in Part VII

  • Mary C Holliday

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Nicole Ford

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Dr Thomas Fortin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Robert Marz

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Joshua Maloney

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Katy Wolfrom

    VICE CHAIRPERSON

    Total calculated
    $0
    Hours/week
    0.5

  • Dorothy Smith-Frazier

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Dr Nick Viglione

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $233,518
    From this org
    $75,679
    From related orgs
    $117,315
    Other
    $40,524
    Hours/week
    16 + 24 related

    Schedule J breakdown matched by us

    Base
    $75,679 + $108,451 related
    Bonus
    $0 + $8,864 related
    Other
    $0
    Deferred
    $5,667 + $5,392 related
    Nontaxable benefits
    $0 + $29,465 related
    Filer's total
    $81,346 + $152,172 related

  • Stephanie Milford

    TREASURER/CHIEF FINANCIAL

    Total calculated
    $160,616
    From this org
    $56,180
    From related orgs
    $66,439
    Other
    $37,997
    Hours/week
    16 + 24 related

    Schedule J breakdown matched by us

    Base
    $56,180 + $60,328 related
    Bonus
    $0 + $6,111 related
    Other
    $0
    Deferred
    $4,204 + $4,565 related
    Nontaxable benefits
    $0 + $29,228 related
    Filer's total
    $60,384 + $100,232 related

  • Mario Mezzacapo

    SECRETARY

    Total calculated
    $132,565
    From this org
    $0
    From related orgs
    $115,723
    Other
    $16,842
    Hours/week
    0.5 + 39.5 related

  • Renee S Gordon

    CHIEF ADMINISTRATIVE OFFIC

    Total calculated
    $155,755
    From this org
    $119,647
    From related orgs
    $0
    Other
    $36,108
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $119,647
    Bonus
    $0
    Other
    $0
    Deferred
    $8,586
    Nontaxable benefits
    $27,522
    Filer's total
    $155,755

  • Christopher Fortin

    DIRECTOR OF PUPIL SERVICES

    Total calculated
    $144,439
    From this org
    $102,099
    From related orgs
    $0
    Other
    $42,340
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $102,099
    Bonus
    $0
    Other
    $0
    Deferred
    $13,095
    Nontaxable benefits
    $29,245
    Filer's total
    $144,439

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
6 May 2025
IRS schema version
2023v6.0
Source object
202501279349301305

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