Form 990 for tax year 2022
Filed by PHILIPS ACADEMY CHARTER SCHOOL INC.
Totals
- Total revenue
- $14,067,353
- Total expenses
- $14,028,469
- Contributions and grants received
- $13,914,489
- Grants paid
- $0
- Program service revenue
- $152,864
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $1,988,278
- Total liabilities, end of year
- $1,690,694
- Net assets or fund balances, end of year
- $297,584
- Program services expenses (Part IX)
- $12,320,288
- Management and general expenses
- $1,708,181
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $12,320,288
Program services were 87.8% 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)
$13,609,310
-
1f · All other contributions, gifts and grants
$305,179
-
2a · Program service revenue: Food Program
total $152,864 · related or exempt $152,864
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $6,709,195 · program services $5,810,163 · management and general $899,032
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $2,925,018 · program services $2,533,066 · management and general $391,952
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $0
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $1,237,573 · program services $1,071,738 · management and general $165,835
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $349,719 · program services $302,857 · management and general $46,862
-
24a · Other expenses: PROFESSIONAL AND TECHNICAL SERVICES
total $860,305 · program services $860,305
-
24b · Other expenses: OTHER PURCHASED SERVICES, MEAL PROGRAM
total $983,650 · program services $908,194 · management and general $75,456
-
24c · Other expenses: TEXTBOOKS, SUPPLIES
total $194,357 · program services $168,313 · management and general $26,044
-
24d · Other expenses: ENERGY, COMMUNICATION, TRANSPORT, REPAIRS
total $425,051 · program services $368,094 · management and general $56,957
-
24e · All other expenses
total $343,601 · program services $297,558 · management and general $46,043
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $718,210 · end of year $550,767
-
4 · Accounts receivable
beginning of year $896,459 · end of year $1,302,511
-
15 · Other assets
beginning of year $135,000 · end of year $135,000
-
17 · Accounts payable and accrued expenses
beginning of year $1,227,980 · end of year $1,473,708
-
19 · Deferred revenue
beginning of year $262,989 · end of year $216,986
-
27 · Net assets without donor restrictions
beginning of year $253,627 · end of year $293,273
-
28 · Net assets with donor restrictions
beginning of year $5,073 · end of year $4,311
Mission and programs · 2022
Mission
Our mission is to inspire diverse learners in a rigorous and innovative environment that cultivates resilient leadership, intellectual curiosity, and thoughtful stewardship.
-
Our mission is to inspire diverse learners in a rigorous and innovative environment that cultivates resilient leadership, intellectual curiosity, and thoughtful stewardship.
Expenses $12,320,288 · Revenue $14,067,353
As filed on the 2022 return.
Listed in Part VII
-
Yasmeen SampsonYASMEEN SAMPSON
PRINCIPAL
- Total calculated
- $156,025
- From this org
- $156,025
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Migdalia DaleMIGDALIA DALE
BUSINESS ADMIN
- Total calculated
- $142,040
- From this org
- $142,040
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Herbert DaughtryHERBERT DAUGHTRY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Elizabeth AbitantoELIZABETH ABITANTO
PRESIDENT
- Total calculated
- $0
- Hours/week
- 5
-
Joshlyn AdamsJOSHLYN ADAMS
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 5
-
San Donna JonesSAN DONNA JONES
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Martin McDougallMARTIN MCDOUGALL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 13 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202441359349308584
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