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← MASTERY CHARTER SCHOOLS FOUNDATION

Form 990 for tax year 2022

Filed by MASTERY CHARTER SCHOOLS FOUNDATION.

Totals

Total revenue
$9,714,744
Total expenses
$6,376,911
Contributions and grants received
$2,901,786
Grants paid
$2,678,566
Program service revenue
$0
Investment income
$6,555,851
Other revenue
$257,107
Total assets, end of year
$113,466,103
Total liabilities, end of year
$60,968,322
Net assets or fund balances, end of year
$52,497,781
Program services expenses (Part IX)
$6,298,421
Management and general expenses
$78,490
Fundraising expenses
$0
Program service expenses (Part III)
$6,298,421

Program services were 98.8% 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.

  • 1f · All other contributions, gifts and grants

    $2,901,786

  • 3 · Investment income

    total $5,929,588 · excluded $5,929,588

  • 6a · Gross rents

    real property $631,440

  • 6b · Less rental expenses

    real property $376,208

  • 6c · Rental income or loss

    real property $255,232

  • 6d · Net rental income or loss

    total $255,232 · related or exempt $255,232

  • 7a · Gross sales of assets other than inventory

    securities $12,959,386

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

    securities $12,333,123

  • 7c · Gain or loss

    securities $626,263

  • 7d · Net gain or loss

    total $626,263 · related or exempt $626,263

  • 11a · Other revenue: OTHER INCOME

    total $1,875 · related or exempt $1,875

  • 11e · Other revenue, total

    $1,875

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,158,603 · program services $2,158,603

  • 2 · Grants to domestic individuals

    total $519,963 · program services $519,963

  • 11c · Fees: accounting

    total $48,831 · management and general $48,831

  • 11g · Fees: other

    total $101,250 · program services $98,250 · management and general $3,000

  • 20 · Interest

    total $3,457,772 · program services $3,457,772

  • 23 · Insurance

    total $6,243 · management and general $6,243

  • 24a · Other expenses: ALL OTHER EXPENSES

    total $84,249 · program services $63,833 · management and general $20,416

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $12,618,908 · end of year $13,629,250

  • 3 · Pledges and grants receivable

    beginning of year $119,295 · end of year $532,007

  • 4 · Accounts receivable

    beginning of year $250,475 · end of year $271,422

  • 7 · Other notes and loans receivable

    beginning of year $14,444,214 · end of year $14,323,281

  • 9 · Prepaid expenses and deferred charges

    beginning of year $7,500

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

    $13,252,921

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

    $1,975,028

  • 10c · Land, buildings and equipment, net

    beginning of year $11,605,091 · end of year $11,277,893

  • 11 · Investments: publicly traded securities

    beginning of year $15,180,841 · end of year $16,281,410

  • 13 · Investments: program-related

    beginning of year $56,719,003 · end of year $57,150,840

  • 17 · Accounts payable and accrued expenses

    beginning of year $96,993 · end of year $545,795

  • 18 · Grants payable

    beginning of year $697,890 · end of year $741,609

  • 24 · Unsecured notes and loans payable

    beginning of year $250,000

  • 25 · Other liabilities

    beginning of year $61,299,792 · end of year $59,680,918

  • 27 · Net assets without donor restrictions

    beginning of year $38,136,765 · end of year $41,225,563

  • 28 · Net assets with donor restrictions

    beginning of year $10,463,887 · end of year $11,272,218

Mission and programs · 2022

Mission

TO DEVELOP AND PROVIDE FINANCIAL SUPPORT FOR THE MASTERY NETWORK OF CHARTER SCHOOLS.

  • THE ORGANIZATION WILL DRIVE EDUCATIONAL REFORM BY SUPPORTING THE ACADEMIC AND OPERATIONAL PROGRAMS OF MASTERY CHARTER SCHOOLS.

    Expenses $6,298,421 · Grants $2,678,566

As filed on the 2022 return.

Listed in Part VII

  • Mona Burke

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Stephen Cohn

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • William Luterman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Walter Maner

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

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

The 10 largest by cash amount. The API serves every itemized grant.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • MCSF LENDER LLC MCSF LENDER LLC

    HOLDER OF · PA

    Directly controlled by MCSF MASTERY CHARTER SCHOOLS FOUNDATION

  • MCSF LENDER II LLC MCSF LENDER II LLC

    HOLDER OF · PA

    Directly controlled by MCSF MASTERY CHARTER SCHOOLS FOUNDATION

Provenance

Return type
form_990
Tax year
2022
Filed
23 April 2024
IRS schema version
2022v5.0
Source object
202431149349300603

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