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Nonprofiteer
← YOUNG SCHOLARS CHARTER SCHOOL INC

Form 990 for tax year 2023

Filed by YOUNG SCHOLARS CHARTER SCHOOL INC.

Totals

Total revenue
$7,383,171
Total expenses
$6,862,705
Contributions and grants received
$1,831,488
Grants paid
$0
Program service revenue
$5,516,531
Investment income
$33,052
Other revenue
$2,100
Total assets, end of year
$3,828,530
Total liabilities, end of year
$1,677,544
Net assets or fund balances, end of year
$2,150,986
Program services expenses (Part IX)
$5,370,562
Management and general expenses
$1,492,143
Fundraising expenses
$0
Program service expenses (Part III)
$5,370,562

Program services were 78.3% 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)

    $1,250,493

  • 1f · All other contributions, gifts and grants

    $580,995

  • 2a · Program service revenue: PER PUPIL FUNDING

    total $4,717,773 · related or exempt $4,717,773

  • 2b · Program service revenue: MANAGEMENT FEES

    total $649,842 · related or exempt $649,842

  • 2c · Program service revenue: STATE SUBSIDIES

    total $128,341 · related or exempt $128,341

  • 2d · Program service revenue: STUDENT ACTIVITIES

    total $20,575 · related or exempt $20,575

  • 3 · Investment income

    total $33,052 · related or exempt $33,052

  • 11a · Other revenue: MISC REVENUE

    total $2,100 · related or exempt $2,100

  • 11e · Other revenue, total

    $2,100

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $571,464 · program services $285,732 · management and general $285,732

  • 7 · Other salaries and wages

    total $2,979,781 · program services $2,912,505 · management and general $67,276

  • 8 · Pension plan contributions

    total $207,692 · program services $170,858 · management and general $36,834

  • 9 · Other employee benefits

    total $141,441 · program services $108,991 · management and general $32,450

  • 10 · Payroll taxes

    total $258,332 · program services $237,665 · management and general $20,667

  • 11b · Fees: legal

    total $51,368 · management and general $51,368

  • 11c · Fees: accounting

    total $125,805 · management and general $125,805

  • 11g · Fees: other

    total $704,421 · program services $395,780 · management and general $308,641

  • 12 · Advertising and promotion

    total $57,029 · management and general $57,029

  • 13 · Office expenses

    total $242,883 · program services $12,619 · management and general $230,264

  • 14 · Information technology

    total $254,091 · program services $131,177 · management and general $122,914

  • 16 · Occupancy

    total $552,314 · program services $497,083 · management and general $55,231

  • 17 · Travel

    total $12,429 · program services $12,429

  • 19 · Conferences, conventions and meetings

    total $66,309 · program services $36,294 · management and general $30,015

  • 20 · Interest

    total $11,955 · management and general $11,955

  • 22 · Depreciation, depletion and amortization

    total $187,524 · program services $150,019 · management and general $37,505

  • 23 · Insurance

    total $92,286 · program services $73,829 · management and general $18,457

  • 24a · Other expenses: CIRRICULUM

    total $345,581 · program services $345,581

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,201,085 · end of year $2,395,385

  • 2 · Savings and temporary cash investments

    end of year $250,000

  • 3 · Pledges and grants receivable

    beginning of year $479,389 · end of year $238,618

  • 4 · Accounts receivable

    beginning of year $78,298 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $97,828 · end of year $74,445

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

    $1,565,982

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

    $955,672

  • 10c · Land, buildings and equipment, net

    beginning of year $545,749 · end of year $610,310

  • 15 · Other assets

    beginning of year $286,179 · end of year $259,772

  • 17 · Accounts payable and accrued expenses

    beginning of year $406,697 · end of year $412,577

  • 25 · Other liabilities

    beginning of year $1,651,311 · end of year $1,264,967

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $307,371 · end of year $478,910

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,323,149 · end of year $1,672,076

Mission and programs · 2023

Mission

THE MISSION OF YOUNG SCHOLARS IS TO PROVIDE A PERSONALIZED MIDDLE SCHOOL EDUCATION THAT CHALLENGES, ENGAGES AND PREPARES ALL STUDENTS TO PASSIONATELY PURSUE THEIR DREAMS AND LEAD A LIFE OF ACTIVE CITIZENSHIP.

  • YOUNG SCHOLARS IS A MIDDLE SCHOOL, GRADES 6-8, WHICH USES A FOCUSED, PROGRESSIVE EDUCATIONAL APPROACH DESIGNED SPECIFICALLY TO CLOSE THE ACHIEVEMENT GAP FOR LOW-INCOME STUDENTS WHO ARE SEVERLY UNDER-PREPARED.

    Expenses $5,370,562 · Revenue $5,551,683

As filed on the 2023 return.

Listed in Part VII

  • Winston Churchill

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Wayne B Weisman

    BOARD VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Tom Rebar

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Emily Ashe

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • James Brown

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Robin Halpern

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Broderick Harrison

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Esther Kaplin

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Gail Singer

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Aubrey Wang

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Josephine Wang

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Bonnie Young

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • John Amenda

    EXECUTIVE DIRECTOR

    Total calculated
    $283,812
    From this org
    $252,999
    From related orgs
    $0
    Other
    $30,813
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $188,805
    Bonus
    $64,194
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $30,813
    Filer's total
    $283,812

  • Shakira Smith

    COO

    Total calculated
    $148,109
    From this org
    $133,021
    From related orgs
    $0
    Other
    $15,088
    Hours/week
    40

  • Rebecca Chazin

    CHIEF OF STAFF

    Total calculated
    $155,355
    From this org
    $119,338
    From related orgs
    $0
    Other
    $36,017
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $112,050
    Bonus
    $7,288
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $36,017
    Filer's total
    $155,355

  • Beth Birnkrant

    PRINCIPAL

    Total calculated
    $129,138
    From this org
    $100,260
    From related orgs
    $0
    Other
    $28,878
    Hours/week
    40

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 · 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.

  • FRIENDS OF YOUNG SCHOLARS

    501(C)(3) · PROVIDES SUPPORT FOR THE YOUNG SCHOLARS CHARTER SCHOOL · PA

    Directly controlled by YOUNG SCHOLARS CHARTER SCHOOL

  • PAUL ROBESON CHARTER SCHOOL

    501(C)(3) · CHARTER SCHOOL · NJ

Provenance

Return type
form_990
Tax year
2023
Filed
11 March 2025
IRS schema version
2023v6.0
Source object
202500709349301750

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