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Nonprofiteer
← WILLIAM PENN CHARTER SCHOOL INC

Form 990 for tax year 2022

Filed by WILLIAM PENN CHARTER SCHOOL INC.

Totals

Total revenue
$78,362,017
Total expenses
$52,363,762
Contributions and grants received
$8,812,932
Grants paid
$9,950,925
Program service revenue
$38,062,472
Investment income
$31,342,261
Other revenue
$144,352
Total assets, end of year
$249,625,492
Total liabilities, end of year
$71,378,397
Net assets or fund balances, end of year
$178,247,095
Program services expenses (Part IX)
$40,017,109
Management and general expenses
$10,171,545
Fundraising expenses
$2,175,108
Program service expenses (Part III)
$40,017,109

Program services were 76.4% 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.

  • 1f · All other contributions, gifts and grants

    $8,812,932

  • 1g · Noncash contributions included above

    $433,473

  • 2a · Program service revenue: TUITION AND FEES

    total $37,389,698 · related or exempt $37,389,698

  • 2b · Program service revenue: DAY CAMP REVENUE

    total $739,331 · related or exempt $739,331

  • 2c · Program service revenue: OTHER PROGRAM REVENUE

    total -$66,557 · related or exempt -$66,557

  • 3 · Investment income

    total $5,253,737 · excluded $5,253,737

  • 6a · Gross rents

    real property $137,731

  • 6c · Rental income or loss

    real property $137,731

  • 6d · Net rental income or loss

    total $137,731 · excluded $137,731

  • 7a · Gross sales of assets other than inventory

    securities $26,088,524

  • 7c · Gain or loss

    securities $26,088,524

  • 7d · Net gain or loss

    total $26,088,524 · related or exempt $26,088,524

  • 11a · Other revenue: OTHER INCOME

    total $6,621 · excluded $6,621

  • 11e · Other revenue, total

    $6,621

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $9,950,925 · program services $9,950,925

  • 5 · Compensation of officers, directors and key employees

    total $1,365,677 · management and general $1,365,677

  • 7 · Other salaries and wages

    total $18,706,147 · program services $14,518,221 · management and general $3,614,154 · fundraising $573,772

  • 8 · Pension plan contributions

    total $1,427,422 · program services $1,070,908 · management and general $356,514

  • 9 · Other employee benefits

    total $2,120,485 · program services $1,590,872 · management and general $529,613

  • 10 · Payroll taxes

    total $1,492,809 · program services $1,119,964 · management and general $372,845

  • 11b · Fees: legal

    total $271,472 · program services $203,669 · management and general $67,803

  • 11c · Fees: accounting

    total $86,606 · program services $64,975 · management and general $21,631

  • 11f · Fees: investment management

    total $295,620 · program services $221,786 · management and general $73,834

  • 11g · Fees: other

    total $1,102 · program services $1,102

  • 12 · Advertising and promotion

    total $209,975 · fundraising $209,975

  • 13 · Office expenses

    total $1,312,165 · management and general $1,312,165

  • 16 · Occupancy

    total $1,587,164 · program services $720,689 · management and general $866,475

  • 19 · Conferences, conventions and meetings

    total $22,628 · management and general $22,628

  • 20 · Interest

    total $1,362,751 · program services $1,362,751

  • 22 · Depreciation, depletion and amortization

    total $3,842,484 · program services $2,882,784 · management and general $959,700

  • 23 · Insurance

    total $552,886 · program services $414,797 · management and general $138,089

  • 24a · Other expenses: FACULTY TUITION REMISSION

    total $2,885,025 · program services $2,885,025

  • 24b · Other expenses: FUNDRAISING

    total $1,130,400 · fundraising $1,130,400

  • 24c · Other expenses: ATHLETIC ACTIVITIES

    total $1,033,903 · program services $1,033,903

  • 24d · Other expenses: REPAIRS AND MAINTENANCE

    total $660,626 · program services $495,628 · management and general $164,998

  • 24e · All other expenses

    total $2,045,490 · program services $1,479,110 · management and general $305,419 · fundraising $260,961

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $23,291,388 · end of year $40,354,143

  • 3 · Pledges and grants receivable

    beginning of year $10,601,281 · end of year $8,920,303

  • 4 · Accounts receivable

    beginning of year $661,110 · end of year $787,331

  • 7 · Other notes and loans receivable

    beginning of year $129,971 · end of year $135,188

  • 8 · Inventories for sale or use

    beginning of year $67,245 · end of year $70,063

  • 9 · Prepaid expenses and deferred charges

    beginning of year $544,311 · end of year $651,762

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

    $139,878,525

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

    $38,370,598

  • 10c · Land, buildings and equipment, net

    beginning of year $103,652,565 · end of year $101,507,927

  • 11 · Investments: publicly traded securities

    beginning of year $96,644,684 · end of year $88,298,824

  • 12 · Investments: other securities

    beginning of year $207,225 · end of year $374,888

  • 14 · Intangible assets

    beginning of year $454,214 · end of year $418,761

  • 15 · Other assets

    beginning of year $6,296,022 · end of year $8,106,302

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,101,204 · end of year $3,059,833

  • 19 · Deferred revenue

    beginning of year $4,014,556 · end of year $3,860,740

  • 20 · Tax-exempt bond liabilities

    beginning of year $64,384,804 · end of year $63,470,677

  • 23 · Secured mortgages and notes payable

    beginning of year $193,772 · end of year $144,944

  • 25 · Other liabilities

    beginning of year $545,973 · end of year $842,203

  • 27 · Net assets without donor restrictions

    beginning of year $99,160,745 · end of year $103,958,105

  • 28 · Net assets with donor restrictions

    beginning of year $70,148,962 · end of year $74,288,990

Mission and programs · 2022

Mission

A COED, PRE-KINDERGARTEN TO GRADE 12 SCHOOL ESTABLISHED IN 1689 BY WILLIAM PENN AS A FRIENDS SCHOOL. A VIGOROUS PROGRAM OF ACADEMICS, ARTS AND ATHLETICS PREPARES STUDENTS FOR HIGHER EDUCATION AND LIFE.

  • A COED, PRE-KINDERGARTEN TO GRADE 12 SCHOOL ESTABLISHED IN 1689 BY WILLIAM PENN AS A FRIENDS SCHOOL. A VIGOROUS PROGRAM OF ACADEMICS, ARTS AND ATHLETICS PREPARES STUDENTS FOR HIGHER EDUCATION AND LIFE.

    Expenses $40,017,109 · Grants $9,950,925 · Revenue $78,362,017

As filed on the 2022 return.

Listed in Part VII

  • DARRYL J FORD

    HEAD-SCHOOL

    Total calculated
    $893,724
    From this org
    $834,940
    From related orgs
    $0
    Other
    $58,784
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $550,002
    Bonus
    not reported
    Other
    $284,938
    Deferred
    $44,000
    Nontaxable benefits
    $14,784
    Filer's total
    $893,724

  • HAL S DAVIDOW

    CFO

    Total calculated
    $325,348
    From this org
    $287,626
    From related orgs
    $0
    Other
    $37,722
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $284,333
    Bonus
    $1,100
    Other
    $2,193
    Deferred
    $22,747
    Nontaxable benefits
    $14,975
    Filer's total
    $325,348

  • JOHN T ROGERS

    HEAD OF DEVE

    Total calculated
    $275,944
    From this org
    $244,544
    From related orgs
    $0
    Other
    $31,400
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $238,000
    Bonus
    $1,100
    Other
    $5,444
    Deferred
    $19,040
    Nontaxable benefits
    $12,360
    Filer's total
    $275,944

  • TRAVIS LARRABEE

    DIRECTOR-STR

    Total calculated
    $236,897
    From this org
    $210,414
    From related orgs
    $0
    Other
    $26,483
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $208,333
    Bonus
    $1,100
    Other
    $981
    Deferred
    $16,667
    Nontaxable benefits
    $9,816
    Filer's total
    $236,897

  • ELIZABETH GLASCOTT

    ASST HEAD-SC

    Total calculated
    $215,189
    From this org
    $193,622
    From related orgs
    $0
    Other
    $21,567
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $183,333
    Bonus
    $1,100
    Other
    $9,189
    Deferred
    $14,667
    Nontaxable benefits
    $6,900
    Filer's total
    $215,189

  • DAVID BRIGHTBILL

    AST TO HEAD-

    Total calculated
    $209,784
    From this org
    $193,544
    From related orgs
    $0
    Other
    $16,240
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $188,000
    Bonus
    $1,100
    Other
    $4,444
    Deferred
    $15,040
    Nontaxable benefits
    $1,200
    Filer's total
    $209,784

  • JOSHUA WILSON R FELTER

    DIRECTOR-MID

    Total calculated
    $187,757
    From this org
    $174,232
    From related orgs
    $0
    Other
    $13,525
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $169,067
    Bonus
    $1,100
    Other
    $4,065
    Deferred
    $13,525
    Nontaxable benefits
    not reported
    Filer's total
    $187,757

  • ANSLEY COX

    FACILITIES D

    Total calculated
    $187,424
    From this org
    $160,904
    From related orgs
    $0
    Other
    $26,520
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $156,000
    Bonus
    $1,100
    Other
    $3,804
    Deferred
    $12,480
    Nontaxable benefits
    $14,040
    Filer's total
    $187,424

  • MARCELINE SOSA

    DIRECTOR-LOW

    Total calculated
    $178,444
    From this org
    $165,596
    From related orgs
    $0
    Other
    $12,848
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $160,600
    Bonus
    $1,100
    Other
    $3,896
    Deferred
    $12,848
    Nontaxable benefits
    not reported
    Filer's total
    $178,444

  • STEPHEN BONNIE

    DIRECTOR-STE

    Total calculated
    $172,089
    From this org
    $154,656
    From related orgs
    $0
    Other
    $17,433
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $137,360
    Bonus
    $1,100
    Other
    $16,196
    Deferred
    $10,989
    Nontaxable benefits
    $6,444
    Filer's total
    $172,089

  • BRIDGITTE ADDIMANDO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    6

  • CHRISTINE ANGELAKIS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    6

  • ANNE MARBLE CARAMANICO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    6

  • GRACE SHARPLES COOKE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    6

  • DAVID EVANS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    6

  • JANE F EVANS

    ASSISTANT CL

    Total calculated
    $0
    Hours/week
    6

  • AMY GADSDEN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    6

  • MARK D HECKER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    6

  • PAUL HOUGH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    6

  • BENJAMIN E ROBINSON III

    TRUSTEE

    Total calculated
    $0
    Hours/week
    6

  • GEORGE C CORSON JR

    SENIOR TRUST

    Total calculated
    $0
    Hours/week
    6

  • WILLIAM F MACDONALD JR

    SENIOR TRUST

    Total calculated
    $0
    Hours/week
    6

  • NELSON J LURIA

    SENIOR TRUST

    Total calculated
    $0
    Hours/week
    6

  • RICHARD A BALDERSTON MD

    SENIOR TRUST

    Total calculated
    $0
    Hours/week
    6

  • LEELA MORROW

    TRUSTEE

    Total calculated
    $0
    Hours/week
    6

  • KENNETH MURPHY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    6

  • TERESA A NANCE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    6

  • ANDREW NEWCOMB

    TRUSTEE

    Total calculated
    $0
    Hours/week
    6

  • JEFFREY A REINHOLD

    CLERK OF TRU

    Total calculated
    $0
    Hours/week
    6

  • ROBERT L ROSANIA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    6

  • W SCOTT SIMON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    6

  • GREG SUMMERS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    6

  • LARRY TURNER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    6

  • F JOHN WHITE

    TREASURER

    Total calculated
    $0
    Hours/week
    6

  • EDWARD ZUBROW

    SENIOR TRUST

    Total calculated
    $0
    Hours/week
    6

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

  • 1a · Housing allowance or residence for personal use
  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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

The filer's explanations (Part III)

SCHEDULE J, PAGE 1, PART I, LINE 4
DARRYL J. FORD 0 146,605 0

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
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202401359349311460

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