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← ESPERANZA ACADEMY CHARTER SCHOOL

Form 990 for tax year 2023

Filed by ESPERANZA ACADEMY CHARTER SCHOOL.

Totals

Total revenue
$38,998,079
Total expenses
$38,861,155
Contributions and grants received
$11,885,899
Grants paid
$7,728
Program service revenue
$26,896,218
Investment income
$133,738
Other revenue
$82,224
Total assets, end of year
$77,445,966
Total liabilities, end of year
$89,424,391
Net assets or fund balances, end of year
-$11,978,425
Program services expenses (Part IX)
$34,154,038
Management and general expenses
$4,707,117
Fundraising expenses
$0
Program service expenses (Part III)
$34,154,038

Program services were 87.9% 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.

  • 1d · Related organizations

    $600

  • 1e · Government grants (contributions)

    $11,416,560

  • 1f · All other contributions, gifts and grants

    $468,739

  • 1g · Noncash contributions included above

    $94,926

  • 2a · Program service revenue: EDUCATIONAL REVENUE

    total $26,827,654 · related or exempt $26,827,654

  • 2b · Program service revenue: FOOD SERVICES

    total $61,484 · related or exempt $61,484

  • 2c · Program service revenue: BOOKSTORE SALES

    total $7,080 · related or exempt $7,080

  • 3 · Investment income

    total $133,738 · excluded $133,738

  • 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 $82,224 · related or exempt $82,224

  • 11e · Other revenue, total

    $82,224

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $7,728 · program services $7,728

  • 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 $800,625 · program services $627,098 · management and general $173,527

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $16,757,247 · program services $16,047,597 · management and general $709,650

  • 8 · Pension plan contributions

    total $1,622,794 · program services $1,504,417 · management and general $118,377

  • 9 · Other employee benefits

    total $3,599,996 · program services $3,477,263 · management and general $122,733

  • 10 · Payroll taxes

    total $1,324,859 · program services $1,266,333 · management and general $58,526

  • 11a · Fees: management

    total $2,218,344 · management and general $2,218,344

  • 11b · Fees: legal

    total $411,745 · management and general $411,745

  • 11c · Fees: accounting

    total $58,326 · program services $54,600 · management and general $3,726

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $1,523,110 · program services $1,343,507 · management and general $179,603

  • 12 · Advertising and promotion

    total $40,264 · program services $27,737 · management and general $12,527

  • 13 · Office expenses

    total $1,136,351 · program services $725,607 · management and general $410,744

  • 14 · Information technology

    total $680,634 · program services $680,634

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $949,658 · program services $949,658

  • 17 · Travel

    total $98,087 · program services $94,632 · management and general $3,455

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $2,096,431 · program services $2,086,530 · management and general $9,901

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $3,461,860 · program services $3,461,860

  • 23 · Insurance

    total $274,259 · management and general $274,259

  • 24a · Other expenses: STUDENT PROGRAM COSTS

    total $861,827 · program services $861,827

  • 24b · Other expenses: CAFETERIA/FOOD EXPENSES

    total $659,579 · program services $659,579

  • 24c · Other expenses: NURSING RELATED EXPENSES

    total $277,431 · program services $277,431

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $915,222 · end of year $2,590,173

  • 2 · Savings and temporary cash investments

    beginning of year $4,030,459 · end of year $4,151,511

  • 3 · Pledges and grants receivable

    beginning of year $4,559,164 · end of year $4,313,593

  • 4 · Accounts receivable

    beginning of year $1,612,067 · end of year $1,541,822

  • 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 $109,032 · end of year $62,748

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

    $72,711,771

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

    $13,959,372

  • 10c · Land, buildings and equipment, net

    beginning of year $61,497,743 · end of year $58,752,399

  • 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 $4,345,512 · end of year $6,033,720

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,085,762 · end of year $4,110,286

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $280 · end of year $3,886,372

  • 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 $65,168,806 · end of year $63,931,886

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $20,011,914 · end of year $17,495,847

  • 27 · Net assets without donor restrictions

    beginning of year -$10,197,563 · end of year -$11,978,425

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

IN 1987 THE HISPANIC CLERGY OF PHILADELPHIA FOUNDED AND INCORPORATED THE NON-PROFIT ORGANIZATION NUEVA ESPERANZA, INC. (NEI), DBA ESPERANZA, TO PROVIDE SUPPORT TO HISPANIC COMMUNITIES. FOR MORE THAN 30 YEARS NEIS EFFORTS HAVE FOCUSED ON CREATING OPPORTUNITIES FOR HISPANIC CHILDREN AND FAMILIES LIVING IN PHILADELPHIAS HUNTING PARK COMMUNITY. NEIS INTENTIONAL FOCUS ON CREATING QUALITY EDUCATION DELIVERY SYSTEMS AND FACILITIES INCLUDE FOUNDING ESPERANZA ACADEMY CHARTER SCHOOL AS A CONTINUED EFFORT TO RAISE THE ECONOMIC AND SOCIAL LEVELS OF THE HISPANIC COMMUNITY THROUGH QUALITY EDUCATION. ESPERANZA ACADEMY CHARTER SCHOOL IS A CHARTER SCHOOL LOCATED IN PHILADELPHIA, PENNSYLVANIA. THE SCHOOL SERVES GRADES ONE AND SIX THROUGH TWELVE. THE SCHOOL WAS ESTABLISHED AND OPERATES UNDER THE PROVISIONS ENACTED BY THE GENERAL ASSEMBLY OF THE COMMONWEALTH OF PENNSYLVANIA IN 1997. IN SEPTEMBER 2000 NEI RECEIVED A CHARTER FOR THE OPENING OF ESPERANZA ACADEMY CHARTER SCHOOL AND IS CURRENTLY OPERATING UNDE

Activities or mission (Part I)

CREATING QUALITY EDUCATION DELIVERY SYSTEMS AND FACILICITIES AS A CONTINUED EFFORT TO RAISE THE ECONOMIC AND SOCIAL LIVES OF THE HISPANIC COMMUNITY THROUGH QUALITY EDUCATION.

  • In 1987 the Hispanic Clergy of Philadelphia founded and incorporated the non-profit organization Nueva Esperanza, Inc. (NEI), dba Esperanza, to provide support to Hispanic communities. For more than 30 years NEIs efforts have focused on creating opportunities for Hispanic children and families living in Philadelphias Hunting Park community. NEIs intentional focus on creating quality education delivery systems and facilities include founding Esperanza Academy Charter School as a continued effort to raise the economic and social levels of the Hispanic community through quality education. Esperanza Academy Charter School is a charter school located in Philadelphia, Pennsylvania. The School serves grades one and six through twelve. The School was established and operates under the provisions enacted by the General Assembly of the Commonwealth of Pennsylvania in 1997. In September 2000 NEI received a charter for the opening of Esperanza Academy Charter School and is currently operating under a charter school contract ending on June 30, 2019. Esperanza Academy Charter School has financial accountability and control over all activities related to the students education. The School receives funding from local, state, and federal government sources and must comply with the requirements of these funding source entities.

    Expenses $34,154,038 · Grants $7,728 · Revenue $26,978,442

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Rev Luis Cortes Jr

    EX-OFFICIO

    Total calculated
    $513,608
    From this org
    $0
    From related orgs
    $396,023
    Other
    $117,585
    Hours/week
    2

    Schedule J breakdown matched by us

    Base
    $0 + $396,023 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $97,762 related
    Nontaxable benefits
    $0 + $19,823 related
    Filer's total
    $0 + $513,608 related

  • David Rossi

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $314,065
    From this org
    $217,686
    From related orgs
    $0
    Other
    $96,379
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $217,686
    Bonus
    $0
    Other
    $0
    Deferred
    $74,242
    Nontaxable benefits
    $22,137
    Filer's total
    $314,065

  • Alicia B Mojica

    Director of Operations

    Total calculated
    $234,467
    From this org
    $113,502
    From related orgs
    $0
    Other
    $120,965
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $113,502
    Bonus
    $0
    Other
    $0
    Deferred
    $97,762
    Nontaxable benefits
    $23,203
    Filer's total
    $234,467

  • Jeana G Davis

    ES DIRECTOR OF INSTRUCTION

    Total calculated
    $229,873
    From this org
    $159,509
    From related orgs
    $0
    Other
    $70,364
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $159,509
    Bonus
    $0
    Other
    $0
    Deferred
    $54,400
    Nontaxable benefits
    $15,964
    Filer's total
    $229,873

  • Karen Sergovic

    ESL Coordinator

    Total calculated
    $228,052
    From this org
    $113,716
    From related orgs
    $0
    Other
    $114,336
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $113,716
    Bonus
    $0
    Other
    $0
    Deferred
    $97,762
    Nontaxable benefits
    $16,574
    Filer's total
    $228,052

  • Jelissa Carias

    DIR OF STUDENT DEVELOPMENT

    Total calculated
    $226,091
    From this org
    $111,860
    From related orgs
    $0
    Other
    $114,231
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $111,860
    Bonus
    $0
    Other
    $0
    Deferred
    $97,762
    Nontaxable benefits
    $16,469
    Filer's total
    $226,091

  • Justin Grow

    English Teacher

    Total calculated
    $225,626
    From this org
    $103,141
    From related orgs
    $0
    Other
    $122,485
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $103,141
    Bonus
    $0
    Other
    $0
    Deferred
    $97,762
    Nontaxable benefits
    $24,723
    Filer's total
    $225,626

  • Angel Ortiz

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Wanda Carlo

    BOARD VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Ricardo Cordero

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Carmen Rocha

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Carmen O Torres

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Roseilyn Guzman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Tony Payton Jr

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Nicholas Aponte

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Megan Lopez-Rodriguez

    Board 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 · Compensation committee
  • 3 · Form 990 of other organizations
  • 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

The filer's explanations (Part III)

Schedule J, Part I, Line 3
Compensation of officers is determined by the related party, Nueva Esperanza, Inc. through the use of Form 990s of comparable organizations, compensation committee review of salaries, and approval by the Board.

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.

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.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • ROBERTO CLEMENTE HOMES LP

    HOUSING · PA

    Directly controlled by NUEVA ESPERANZA

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • 3921 CORPORATION

    C CORP · HOUSING · PA

    Directly controlled by NUEVA ESPERANZA

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2025
IRS schema version
2023v6.0
Source object
202511329349302986

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