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← PASSPORT ACADEMY CHARTER SCHOOL

Form 990 for tax year 2023

Filed by PASSPORT ACADEMY CHARTER SCHOOL.

Totals

Total revenue
$3,425,730
Total expenses
$3,493,608
Contributions and grants received
$601,975
Grants paid
$0
Program service revenue
$2,814,641
Investment income
$79
Other revenue
$9,035
Total assets, end of year
$2,528,039
Total liabilities, end of year
$756,143
Net assets or fund balances, end of year
$1,771,896
Program services expenses (Part IX)
$1,993,336
Management and general expenses
$1,500,272
Fundraising expenses
$0
Program service expenses (Part III)
$1,993,336

Program services were 57.1% 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)

    $600,225

  • 1f · All other contributions, gifts and grants

    $1,750

  • 2a · Program service revenue: TUTION REVENUE

    total $2,814,641 · related or exempt $2,814,641

  • 3 · Investment income

    total $79 · excluded $79

  • 11a · Other revenue: MISCELLANEOUS

    total $9,035 · excluded $9,035

  • 11e · Other revenue, total

    $9,035

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $178,915 · program services $178,915

  • 7 · Other salaries and wages

    total $1,029,601 · program services $531,609 · management and general $497,992

  • 8 · Pension plan contributions

    total $361,709 · program services $191,253 · management and general $170,456

  • 9 · Other employee benefits

    total $203,719 · program services $107,060 · management and general $96,659

  • 10 · Payroll taxes

    total $86,395 · program services $48,043 · management and general $38,352

  • 11a · Fees: management

    total $85,006 · management and general $85,006

  • 11b · Fees: legal

    total $71,841 · management and general $71,841

  • 11c · Fees: accounting

    total $108,500 · management and general $108,500

  • 11g · Fees: other

    total $413,246 · program services $237,172 · management and general $176,074

  • 12 · Advertising and promotion

    total $32,436 · program services $32,436

  • 13 · Office expenses

    total $95,882 · program services $66,646 · management and general $29,236

  • 16 · Occupancy

    total $541,833 · program services $433,266 · management and general $108,567

  • 17 · Travel

    total $94,476 · program services $23,753 · management and general $70,723

  • 22 · Depreciation, depletion and amortization

    total $952 · management and general $952

  • 23 · Insurance

    total $47,464 · program services $37,971 · management and general $9,493

  • 24a · Other expenses: EDUCATION MATERIALS

    total $54,822 · program services $54,822

  • 24b · Other expenses: MISCELLANEOUS EXPENSE

    total $40,215 · program services $3,794 · management and general $36,421

  • 24c · Other expenses: FIELD TRIPS AND PROGRAM

    total $27,118 · program services $27,118

  • 24d · Other expenses: BAD DEBT EXPENSE

    total $19,478 · program services $19,478

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,346,592 · end of year $1,436,354

  • 4 · Accounts receivable

    beginning of year $923,504 · end of year $666,284

  • 9 · Prepaid expenses and deferred charges

    beginning of year $44,638 · end of year $35,818

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

    $257,996

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

    $254,648

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $3,348

  • 15 · Other assets

    beginning of year $362,850 · end of year $386,235

  • 17 · Accounts payable and accrued expenses

    beginning of year $314,845 · end of year $311,541

  • 19 · Deferred revenue

    beginning of year $39,701 · end of year $58,367

  • 25 · Other liabilities

    beginning of year $483,264 · end of year $386,235

  • 27 · Net assets without donor restrictions

    beginning of year $1,659,935 · end of year $1,761,896

  • 28 · Net assets with donor restrictions

    beginning of year $179,839 · end of year $10,000

Mission and programs · 2023

Mission

THE MISSION OF THE PASSPORT ACADEMY CHARTER SCHOOL ("PASSPORT ACADEMY") IS TO PREPARE COLLEGE AND CAREER READY GRADUATES TO THRIVE IN A DIVERSE COMMUNITY THROUGH AN ENGAGING BLENDED LEARNING EXPERIENCE THAT SUPPORTS INDIVIDUAL STUDENT NEEDS. PASSPORT ACADEMY IS A BLENDED LEARNING HIGH SCHOOL THAT IS FOCUSED ON PROVIDING STUDENTS WITH A VARIETY OF WRAP-AROUND SERVICES THAT ADDRESS NON-ACADEMIC NEEDS AND INCLUDES A GREAT EMPHASIS ON ACADEMIC ACHIEVEMENT. IT IS COMMITTED TO EMPOWERING STUDENTS WHO HAVE DROPPED OUT OF HIGH SCHOOL TO ACQUIRE THE ACADEMIC AND LIFE SKILLS NEEDED TO EARN THEIR HIGH SCHOOL DIPLOMA AND SUCCEED IN POST-SECONDARY EDUCATION AND CAREER OPPORTUNITIES.

  • A CHARTER SCHOOL THAT PROVIDES QUALITY PUBLIC EDUCATION TOHIGH SCHOOL STUDENTS.

    Expenses $1,993,336 · Revenue $2,814,641

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • PHILIP PARR

    BOARD VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • RICHARD GUTKIND

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • SHARON WATKINS

    BOARD TREASURER

    Total calculated
    $0
    Hours/week
    1

  • OLGA WELCH

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • PEGGY HARRIS

    BOARD PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • LINDA BRYANT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JW TABACCHI

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JOSEPH OLIPHANT

    PRINCIPAL/CEO

    Total calculated
    $178,915
    From this org
    $126,329
    From related orgs
    $0
    Other
    $52,586
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $126,329
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $52,586
    Filer's total
    $178,915

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 · 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.

Provenance

Return type
form_990
Tax year
2023
Filed
21 February 2025
IRS schema version
2023v6.0
Source object
202540529349300519

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