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Nonprofiteer
← TACONY NEIGHBORHOOD CHARTER SCHOOL

Form 990 for tax year 2022

Filed by TACONY NEIGHBORHOOD CHARTER SCHOOL.

Totals

Total revenue
$24,298,732
Total expenses
$23,727,275
Contributions and grants received
$8,968,589
Grants paid
$0
Program service revenue
$14,765,011
Investment income
$7,760
Other revenue
$557,372
Total assets, end of year
$36,855,561
Total liabilities, end of year
$43,659,749
Net assets or fund balances, end of year
-$6,804,188
Program services expenses (Part IX)
$20,163,950
Management and general expenses
$3,563,325
Fundraising expenses
$0
Program service expenses (Part III)
$20,163,950

Program services were 85.0% 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)

    $8,968,589

  • 1g · Noncash contributions included above

    $69,027

  • 2a · Program service revenue: SCHOOL DISTRICT REVENUE

    total $14,628,853 · related or exempt $14,628,853

  • 2b · Program service revenue: CHILD CARE FEES

    total $136,158 · related or exempt $136,158

  • 3 · Investment income

    total $7,760 · excluded $7,760

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: OTHER INCOME

    total $557,372 · related or exempt $557,372

  • 11e · Other revenue, total

    $557,372

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 $428,424 · program services $355,052 · management and general $73,372

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $7,355,570 · program services $6,079,333 · management and general $1,276,237

  • 8 · Pension plan contributions

    total $708,444 · program services $581,156 · management and general $127,288

  • 9 · Other employee benefits

    total $1,837,089 · program services $1,618,352 · management and general $218,737

  • 10 · Payroll taxes

    total $622,414 · program services $521,438 · management and general $100,976

  • 11a · Fees: management

    total $1,022,109 · management and general $1,022,109

  • 11b · Fees: legal

    total $156,543 · program services $3,123 · management and general $153,420

  • 11c · Fees: accounting

    total $32,302 · management and general $32,302

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $3,040,655 · program services $3,009,888 · management and general $30,767

  • 12 · Advertising and promotion

    total $1,000 · management and general $1,000

  • 13 · Office expenses

    total $1,639,187 · program services $1,394,174 · management and general $245,013

  • 14 · Information technology

    total $797,141 · program services $654,267 · management and general $142,874

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $542,436 · program services $542,436

  • 17 · Travel

    total $124,449 · program services $106,272 · management and general $18,177

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $11,955 · program services $6,643 · management and general $5,312

  • 20 · Interest

    total $2,004,531 · program services $2,004,531

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $1,686,879 · program services $1,686,879

  • 23 · Insurance

    total $157,931 · program services $155,931 · management and general $2,000

  • 24a · Other expenses: FOOD

    total $882,201 · program services $807,743 · management and general $74,458

  • 24b · Other expenses: TUTION

    total $405,376 · program services $405,376

  • 24c · Other expenses: AFTER/BEFORE CARE & SUMMER

    total $231,356 · program services $231,356

  • 24d · Other expenses: GRADUATION

    total $39,283 · management and general $39,283

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,172,450 · end of year $297,446

  • 2 · Savings and temporary cash investments

    beginning of year $2,036,792 · end of year $1,538,022

  • 3 · Pledges and grants receivable

    beginning of year $2,061,660 · end of year $2,426,396

  • 4 · Accounts receivable

    beginning of year $208,817 · end of year $1,612,874

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $389,617 · end of year $388,640

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

    $4,351,309

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

    $1,228,010

  • 10c · Land, buildings and equipment, net

    beginning of year $2,418,121 · end of year $3,123,299

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $29,005,636 · end of year $27,468,884

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,792,200 · end of year $2,976,703

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $635,538 · end of year $55,046

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $28,390,000 · end of year $27,805,000

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $13,851,000 · end of year $12,823,000

  • 27 · Net assets without donor restrictions

    beginning of year -$7,375,645 · end of year -$6,804,188

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

TO ENHANCE, SUPPORT, AND PROMOTE CREATIVE AND CRITICAL THINKING AS WELL AS THE PROBLEM SOLVING SKILLS OF SCHOOL AGE LEARNERS IN THE MAKING OF ORIGINAL INVENTIONS AS AMAZING SOLUTIONS TO PUZZLING PROBLEMS WHILE MASTERING PENNSYLVANIA AND NATIONAL STANDARDS. THE SCHOOL'S MISSION ALSO EXTENDS TO NURTURING A LOVE, RESPECT, AND APPRECIATION FOR LIFE-LONG LEARNING. THE CHARTER SCHOOL'S ENROLLMENT IS FROM K THROUGH 12.

Activities or mission (Part I)

SEE SCHEDULE O SUPPLIMENTAL DETAIL

  • TACONY ACADEMY REACHED ITS FULL CONFIGURATION OF GRADES K-12 WITH 1,075 STUDENTS. THE SCHOOL WAS AT FULL ENROLLMENT WITH A SIGNIFICANT WAIT LIST THROUGHOUT THE YEAR.

    Expenses $20,163,950 · Revenue $15,322,383

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Todd Parker

    Director of Student Planning

    Total calculated
    $197,376
    From this org
    $140,949
    From related orgs
    $0
    Other
    $56,427
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $134,411
    Bonus
    $2,538
    Other
    $4,000
    Deferred
    $48,564
    Nontaxable benefits
    $7,863
    Filer's total
    $197,376

  • Lauren Brophy

    Asst. Principal

    Total calculated
    $165,805
    From this org
    $117,683
    From related orgs
    $0
    Other
    $48,122
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $115,133
    Bonus
    $2,550
    Other
    $0
    Deferred
    $40,401
    Nontaxable benefits
    $7,721
    Filer's total
    $165,805

  • Ryan Strasko

    Principal

    Total calculated
    $165,413
    From this org
    $134,905
    From related orgs
    $0
    Other
    $30,508
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $132,277
    Bonus
    $2,268
    Other
    $360
    Deferred
    $8,455
    Nontaxable benefits
    $22,053
    Filer's total
    $165,413

  • Todd Smith

    Asst. Principal

    Total calculated
    $160,984
    From this org
    $109,520
    From related orgs
    $0
    Other
    $51,464
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $104,686
    Bonus
    $2,334
    Other
    $2,500
    Deferred
    $37,609
    Nontaxable benefits
    $13,855
    Filer's total
    $160,984

  • Thomas Scheid

    CEO (Former)

    Total calculated
    $144,679
    From this org
    $107,281
    From related orgs
    $0
    Other
    $37,398
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $106,201
    Bonus
    $0
    Other
    $1,080
    Deferred
    $37,189
    Nontaxable benefits
    $209
    Filer's total
    $144,679

  • Greg Tyndall

    Building Engineer

    Total calculated
    $135,784
    From this org
    $101,592
    From related orgs
    $0
    Other
    $34,192
    Hours/week
    40

  • Paul Rieser

    Athletic Director

    Total calculated
    $108,953
    From this org
    $103,387
    From related orgs
    $0
    Other
    $5,566
    Hours/week
    40

  • Naimah Wimberly

    CEO

    Total calculated
    $82,783
    From this org
    $55,701
    From related orgs
    $0
    Other
    $27,082
    Hours/week
    40

  • Barbara L Saunders

    Chair

    Total calculated
    $0
    Hours/week
    2

  • Dr Ronald Whitaker

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Anita Vega-Kaiser

    Secretary

    Total calculated
    $0
    Hours/week
    2

  • Lionel S Archer Jr

    Treasurer

    Total calculated
    $0
    Hours/week
    2

  • Marianne Lynch

    Member

    Total calculated
    $0
    Hours/week
    2

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 · Written employment contract
  • 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
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202440629349300014

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