Totals
- Total revenue
- $9,335,087
- Total expenses
- $9,248,339
- Contributions and grants received
- $10,641
- Grants paid
- $0
- Program service revenue
- $8,429,598
- Investment income
- $890,603
- Other revenue
- $4,245
- Total assets, end of year
- $135,743,231
- Total liabilities, end of year
- $127,733,788
- Net assets or fund balances, end of year
- $8,009,443
- Program services expenses (Part IX)
- $9,163,911
- Management and general expenses
- $84,428
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $9,163,911
Program services were 99.1% 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
$10,641
-
2a · Program service revenue: RENTAL INCOME
total $8,429,598 · related or exempt $8,429,598
-
3 · Investment income
total $513,268 · excluded $513,268
-
7a · Gross sales of assets other than inventory
other assets $542,894
-
7b · Less cost or other basis and sales expenses
other assets $165,559
-
7c · Gain or loss
other assets $377,335
-
7d · Net gain or loss
total $377,335 · excluded $377,335
-
11a · Other revenue: OTHER REVENUE
total $4,245 · related or exempt $4,245
-
11e · Other revenue, total
$4,245
Functional expenses
Part IX, the statement of functional expenses.
-
11a · Fees: management
total $4,000 · management and general $4,000
-
11b · Fees: legal
total $2,603 · management and general $2,603
-
11c · Fees: accounting
total $27,250 · management and general $27,250
-
11g · Fees: other
total $98,349 · program services $52,262 · management and general $46,087
-
13 · Office expenses
total $4,488 · management and general $4,488
-
16 · Occupancy
total $10,613 · program services $10,613
-
20 · Interest
total $5,505,651 · program services $5,505,651
-
22 · Depreciation, depletion and amortization
total $3,147,069 · program services $3,147,069
-
23 · Insurance
total $445,660 · program services $445,660
-
24a · Other expenses: OTHER EXPENSES
total $2,656 · program services $2,656
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,554,967 · end of year $2,120,955
-
2 · Savings and temporary cash investments
beginning of year $657,754 · end of year $669,213
-
9 · Prepaid expenses and deferred charges
beginning of year $41,962 · end of year $233,750
-
10a · Land, buildings and equipment: cost or other basis
$135,927,580
-
10b · Land, buildings and equipment: accumulated depreciation
$21,687,899
-
10c · Land, buildings and equipment, net
beginning of year $114,234,497 · end of year $114,239,681
-
15 · Other assets
beginning of year $22,057,892 · end of year $18,479,632
-
17 · Accounts payable and accrued expenses
beginning of year $4,165,995 · end of year $2,843,579
-
19 · Deferred revenue
beginning of year $12,524,034 · end of year $12,099,318
-
20 · Tax-exempt bond liabilities
beginning of year $114,934,348 · end of year $112,790,891
-
27 · Net assets without donor restrictions
beginning of year $7,922,695 · end of year $8,009,443
Mission and programs · 2022
Mission
THE FOUNDATION'S MISSION IS TO SUPPORT THE HEALTH, WELFARE, EDUCATIONAL INTERESTS OF THE MATHEMATICS, SCIENCE & TECHNOLOGY COMMUNITY CHARTER SCHOOL (THE "SCHOOL"), A PENNSYLVANIA NONPROFIT CORPORATION THAT IS EXEMPT FROM FEDERAL INCOME TAX AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986 (THE "CODE"), AS AMENDED.THE FOUNDATION IS A NONPROFIT CORPORATION ESTABLISHED UNDER THE LAWS OF THE COMMONWEALTH OF PENNSYLVANIA. THE PURPOSES FOR WHICH THE FOUNDATION IS ORGANIZED AND OPERATED ARE EXCLUSIVELY CHARITABLE AND EDUCATIONAL WITHIN THE MEANING OF SECTION 501(C)(3) OF THE CODE, AND, IN FURTHERANCE OF THESE PURPOSES, THE FOUNDATION MAY: (A) OPERATE EXCLUSIVELY FOR THE SUPPORT AND BENEFIT OF THE SCHOOL AND ITS AFFILIATED OR CONTROLLED ORGANIZATIONS THAT ARE PUBLICLY SUPPORTED CHARTITIES AS DEFINED UNDER THE CODE; (B) UTILIZE RESOURCES FOR THE PURPOSES OF REPLICATING THE SCHOOL'S EDUCATIONAL MODEL; (C) RECEIVE CONTRIBUTIONS FROM WHATEVER SOURCE.
-
ORGANIZATION LEASES PROPERTY TO MATHEMATICS, SCIENCE AND TECHNOLOGY COMMUNITY CHARTER SCHOOL, A NOT-FOR-PROFIT ENTITY FORMED UNDER 501(C)(3) ID# 23-2963763, MAST COMMUNITY CHARTER SCHOOL II, A NOT-FOR-PROFIT ENTITY FORMED UNDER 501(C)(3) ID# 47-3810173, AND MAST COMMUNITY CHARTER SCHOOL III, A NOT-FOR-PROFIT ENTITY FORMED UNDER 501(C)(3) ID #83-1383617.
Expenses $9,163,911 · Revenue $8,433,843
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Karen DelguercioKAREN DELGUERCIO
BOARD PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Jan BrophyJAN BROPHY
BOARD VICE PRESIDENT / SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Dr Norman ProvizerDR NORMAN PROVIZER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Louis DecreeLOUIS DECREE
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Hope IngeHOPE INGE
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
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.
-
MATHEMATICS SCIENCE & TECHNOLOGY COMMUNITY CHARTER SCHOOL
501(C)(3) · SUPPORT CHARTER SCHOOL IN PROVIDING EDUCATION TO STUDENT K THROUGH GRADE 12 · PA
-
MAST COMMUNITY CHARTER SCHOOL II
501(C)(3) · SUPPORT CHARTER SCHOOL IN PROVIDING EDUCATION TO STUDENT K THROUGH GRADE 12 · PA
-
MAST COMMUNITY CHARTER SCHOOL III
501(C)(3) · SUPPORT CHARTER SCHOOL IN PROVIDING EDUCATION TO STUDENT K THROUGH GRADE 8 · PA
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 6 February 2024
- IRS schema version
- 2022v5.0
- Source object
- 202410399349300826
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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