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← MASTERY CHARTER SCHOOLS FOUNDATION

Form 990 for tax year 2023

Filed by MASTERY CHARTER SCHOOLS FOUNDATION.

Totals

Total revenue
$9,018,682
Total expenses
$4,990,625
Contributions and grants received
$1,268,618
Grants paid
$1,415,896
Program service revenue
$5,546,867
Investment income
$1,946,089
Other revenue
$257,108
Total assets, end of year
$115,413,557
Total liabilities, end of year
$58,018,475
Net assets or fund balances, end of year
$57,395,082
Program services expenses (Part IX)
$4,898,046
Management and general expenses
$85,829
Fundraising expenses
$6,750
Program service expenses (Part III)
$4,898,046

Program services were 98.1% 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.

  • 1f · All other contributions, gifts and grants

    $1,268,618

  • 2a · Program service revenue: BOND FINANCING INCOME

    total $5,546,867 · related or exempt $5,546,867

  • 3 · Investment income

    total $768,981 · excluded $768,981

  • 6a · Gross rents

    real property $631,440

  • 6b · Less rental expenses

    real property $376,207

  • 6c · Rental income or loss

    real property $255,233

  • 6d · Net rental income or loss

    total $255,233 · related or exempt $255,233

  • 7a · Gross sales of assets other than inventory

    securities $17,777,152

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

    securities $16,600,044

  • 7c · Gain or loss

    securities $1,177,108

  • 7d · Net gain or loss

    total $1,177,108 · excluded $1,177,108

  • 11a · Other revenue: OTHER INCOME

    total $1,875 · excluded $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 $785,679 · program services $785,679

  • 2 · Grants to domestic individuals

    total $630,217 · program services $630,217

  • 11c · Fees: accounting

    total $68,722 · management and general $68,722

  • 11g · Fees: other

    total $131,555 · program services $131,555

  • 20 · Interest

    total $3,337,548 · program services $3,337,548

  • 23 · Insurance

    total $6,268 · management and general $6,268

  • 24a · Other expenses: MASTERY SCHOOLS EXPENSE

    total $13,047 · program services $13,047

  • 24b · Other expenses: SPECIAL EVENTS

    total $6,750 · fundraising $6,750

  • 24c · Other expenses: BANK AND CREDIT CARD FE

    total $2,911 · management and general $2,911

  • 24d · Other expenses: LICENSES AND FEES

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

  • 24e · All other expenses

    total $6,906 · management and general $6,906

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $13,629,250 · end of year $2,127,630

  • 3 · Pledges and grants receivable

    beginning of year $532,007

  • 4 · Accounts receivable

    beginning of year $271,422

  • 7 · Other notes and loans receivable

    beginning of year $14,323,281 · end of year $14,188,217

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

    $13,252,921

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

    $2,302,226

  • 10c · Land, buildings and equipment, net

    beginning of year $11,277,893 · end of year $10,950,695

  • 11 · Investments: publicly traded securities

    beginning of year $16,281,410 · end of year $27,975,485

  • 12 · Investments: other securities

    end of year $2,058,618

  • 13 · Investments: program-related

    beginning of year $57,150,840 · end of year $57,614,183

  • 15 · Other assets

    beginning of year $0 · end of year $498,729

  • 17 · Accounts payable and accrued expenses

    beginning of year $703,076 · end of year $675,697

  • 18 · Grants payable

    beginning of year $741,609

  • 23 · Secured mortgages and notes payable

    beginning of year $59,045,508 · end of year $57,342,778

  • 25 · Other liabilities

    beginning of year $478,129

  • 27 · Net assets without donor restrictions

    beginning of year $41,225,563 · end of year $44,952,376

  • 28 · Net assets with donor restrictions

    beginning of year $11,272,218 · end of year $12,442,706

Mission and programs · 2023

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.THE FOUNDATION PROVIDES GRANTS AND SCHOLARSHIPS TO THE SCHOOLS OF THE MASTERY CHARTER SCHOOL NETWORK FOR THE PURPOSE OF EXPANSION, COLLEGE PREPARATION, FUNDRAISING, AND GENERAL OPERATIONS.

    Expenses $4,898,046 · Grants $1,415,896 · Revenue $5,546,867

As filed on the 2023 return.

Listed in Part VII

  • Stephen Cohn

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • William Luterman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Walter Maner

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mona Zander

    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

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

    HOLDER OF SCHOOL BOND FINANCING · PA · income $2,789,717 · assets $35,874,016

    Directly controlled by MASTERY CHARTER SCHOOLS FOUNDATION

  • MCSF LENDER II LLC

    HOLDER OF SCHOOL BOND FINANCING · PA · income $2,694,003 · assets $36,746,964

    Directly controlled by MASTERY CHARTER SCHOOLS FOUNDATION

Provenance

Return type
form_990
Tax year
2023
Filed
24 April 2025
IRS schema version
2023v6.0
Source object
202511329349301601

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