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← MAST COMMUNITY CHARTER SCHOOL III

Form 990 for tax year 2023

Filed by MAST COMMUNITY CHARTER SCHOOL III.

Totals

Total revenue
$32,729,588
Total expenses
$24,463,398
Contributions and grants received
$9,003,811
Grants paid
$0
Program service revenue
$22,968,387
Investment income
$698,397
Other revenue
$58,993
Total assets, end of year
$64,723,751
Total liabilities, end of year
$39,212,423
Net assets or fund balances, end of year
$25,511,328
Program services expenses (Part IX)
$20,777,300
Management and general expenses
$3,686,098
Fundraising expenses
$0
Program service expenses (Part III)
$20,777,300

Program services were 84.9% 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.

  • 1e · Government grants (contributions)

    $8,933,228

  • 1f · All other contributions, gifts and grants

    $70,583

  • 2a · Program service revenue: SCHOOL DISTRICT OF PHILADELPHIA S

    total $22,552,799 · related or exempt $22,552,799

  • 2b · Program service revenue: RENTAL

    total $243,003 · related or exempt $243,003

  • 2c · Program service revenue: CHILD CARE FEES

    total $134,450 · related or exempt $134,450

  • 2d · Program service revenue: FOOD SERVICE

    total $31,429 · related or exempt $31,429

  • 2e · Program service revenue: SUMMER SCHOOL

    total $4,399 · related or exempt $4,399

  • 2f · All other program service revenue

    total $2,307 · related or exempt $2,307

  • 3 · Investment income

    total $698,397 · related or exempt $698,397

  • 11a · Other revenue: REFUND OF PRIOR YEARS EXPENSE

    total $38,614 · related or exempt $38,614

  • 11b · Other revenue: VENDING MACHINE COMMISSIONS

    total $12,010 · excluded $12,010

  • 11c · Other revenue: MISCELLANEOUS REVENUE

    total $8,369 · related or exempt $8,369

  • 11e · Other revenue, total

    $58,993

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $166,056 · management and general $166,056

  • 7 · Other salaries and wages

    total $10,041,483 · program services $9,201,479 · management and general $840,004

  • 8 · Pension plan contributions

    total $415,724 · program services $382,105 · management and general $33,619

  • 9 · Other employee benefits

    total $1,640,851 · program services $1,489,574 · management and general $151,277

  • 10 · Payroll taxes

    total $853,868 · program services $773,669 · management and general $80,199

  • 11a · Fees: management

    total $162,331 · management and general $162,331

  • 11b · Fees: legal

    total $33,694 · program services $33,694

  • 11c · Fees: accounting

    total $35,400 · program services $35,400

  • 11g · Fees: other

    total $1,531,374 · program services $1,487,239 · management and general $44,135

  • 13 · Office expenses

    total $412,059 · program services $240,929 · management and general $171,130

  • 14 · Information technology

    total $551,999 · program services $328,167 · management and general $223,832

  • 16 · Occupancy

    total $3,054,659 · program services $2,749,193 · management and general $305,466

  • 17 · Travel

    total $3,108 · program services $1,483 · management and general $1,625

  • 19 · Conferences, conventions and meetings

    total $62,249 · program services $29,639 · management and general $32,610

  • 20 · Interest

    total $1,877,536 · program services $1,877,536

  • 21 · Payments to affiliates

    total $1,263,783 · management and general $1,263,783

  • 22 · Depreciation, depletion and amortization

    total $664,444 · program services $664,444

  • 23 · Insurance

    total $223,773 · program services $43,016 · management and general $180,757

  • 24a · Other expenses: FOOD SERVICE MANAGEMENT

    total $718,347 · program services $718,347

  • 24b · Other expenses: TUITION

    total $380,651 · program services $380,651

  • 24c · Other expenses: BOOKS AND INSTRUCTION

    total $340,735 · program services $340,735

  • 24d · Other expenses: TELEPHONE

    total $29,274 · management and general $29,274

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,903,105 · end of year $1,204,358

  • 2 · Savings and temporary cash investments

    beginning of year $14,940,367 · end of year $19,921,302

  • 3 · Pledges and grants receivable

    beginning of year $1,608,863 · end of year $1,397,717

  • 4 · Accounts receivable

    beginning of year $66,123 · end of year $148,818

  • 9 · Prepaid expenses and deferred charges

    beginning of year $417,315 · end of year $3,544,156

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

    $43,345,771

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

    $4,945,494

  • 10c · Land, buildings and equipment, net

    beginning of year $37,716,468 · end of year $38,400,277

  • 15 · Other assets

    beginning of year $9,353 · end of year $107,123

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,506,657 · end of year $1,773,446

  • 19 · Deferred revenue

    beginning of year $94,528 · end of year $142,312

  • 25 · Other liabilities

    beginning of year $37,815,271 · end of year $37,296,665

  • 27 · Net assets without donor restrictions

    beginning of year $17,245,138 · end of year $25,511,328

Mission and programs · 2023

Mission

THE OBJECTIVES AND PURPOSES OF THE CHARTER SCHOOL ARE: (1) TO FOSTER QUALITY PUBLIC EDUCATION AND TO ADVANCE THE INTERESTS OF PUBLIC SCHOOL STUDENTS THROUGH THE PROMOTION AND ADVOCACY OF CHARTER SCHOOLS; (2) TO SIMULATE AND REPLICATE THE DEVELOPMENT OF INNOVATIVE PROGRAMS IN PUBLIC EDUCATION WITH AN EMPHASIS ON MATHEMATICS, SCIENCE AND TECHNOLOGY; (3) TO PROVIDE OPPORTUNITIES FOR LEARNING AND ASSESSMENTS; (4) TO PROVIDE PARENTS AND STUDENTS WITH GREATER EDUCATIONAL OPTIONS IN CHOOSING A SCHOOL; (5) TO HOLD TEACHERS, PARENTS, AND SCHOOL ADMINISTRATORS ACCOUNTABLE FOR THE STUDENT EDUCATIONAL PROCESS.; RELIEVE THE OVERCROWDING IN SCHOOLS IN THE CITY; AND ACCOMMODATE THE LARGE DEMAND FOR ADMISSION TO MAST- BYBERRY.

  • CHARTER SCHOOL PROVIDING EDUCATIONAL INSTRUCTION TO STUDENTS IN THE CITY OF PHILADELPHIA.

    Expenses $20,777,300 · Revenue $23,713,767

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

Listed in Part VII

  • Jan Brophy

    BOARD PRESIDENT

    Total calculated
    $0
    Hours/week
    3

  • Linda Gotlieb

    BOARD VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    3

  • Mike McGrenehan

    BOARD SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    3

  • Jennifer Bullick

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Andrea Devine

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Tom Scopinich

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Jessa Cintron

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Julia Thomas

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Phillip Serpiello

    BUILDING LEADER

    Total calculated
    $159,631
    From this org
    $131,626
    From related orgs
    $0
    Other
    $28,005
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $131,626
    Bonus
    $0
    Other
    $0
    Deferred
    $6,581
    Nontaxable benefits
    $21,424
    Filer's total
    $159,631

  • Richard Gear

    HEAD OF CULTURE & CLIMATE

    Total calculated
    $135,318
    From this org
    $113,572
    From related orgs
    $0
    Other
    $21,746
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $113,572
    Bonus
    $0
    Other
    $0
    Deferred
    $5,679
    Nontaxable benefits
    $16,067
    Filer's total
    $135,318

  • Lori Anne Degnan

    PRINCIPAL

    Total calculated
    $126,907
    From this org
    $100,461
    From related orgs
    $0
    Other
    $26,446
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $100,461
    Bonus
    $0
    Other
    $0
    Deferred
    $5,023
    Nontaxable benefits
    $21,423
    Filer's total
    $126,907

  • Tarra Southrey

    ACADEMIC LEADER K-5

    Total calculated
    $145,116
    From this org
    $117,803
    From related orgs
    $0
    Other
    $27,313
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $117,803
    Bonus
    $0
    Other
    $0
    Deferred
    $5,890
    Nontaxable benefits
    $21,423
    Filer's total
    $145,116

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

None.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
7 May 2025
IRS schema version
2023v6.0
Source object
202541299349303449

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