Form 990 for tax year 2022
Filed by PAN AMERICAN ACADEMY CHARTER SCHOOL.
Totals
- Total revenue
- $15,935,451
- Total expenses
- $15,657,604
- Contributions and grants received
- $3,948,468
- Grants paid
- $0
- Program service revenue
- $11,933,987
- Investment income
- $1,296
- Other revenue
- $51,700
- Total assets, end of year
- $23,287,568
- Total liabilities, end of year
- $28,472,086
- Net assets or fund balances, end of year
- -$5,184,518
- Program services expenses (Part IX)
- $14,138,945
- Management and general expenses
- $1,481,063
- Fundraising expenses
- $37,596
- Program service expenses (Part III)
- $14,138,945
Program services were 90.3% 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)
$3,935,163
-
1f · All other contributions, gifts and grants
$13,305
-
2a · Program service revenue: SCHOOL DISTRICT SUBSIDY
total $11,187,815 · related or exempt $11,187,815
-
2b · Program service revenue: FOOD PROGRAM
total $647,491 · related or exempt $647,491
-
2c · Program service revenue: STATE REIMBURSEMENT PROGRAM
total $98,681 · related or exempt $98,681
-
3 · Investment income
total $1,296 · excluded $1,296
-
11a · Other revenue: MISCELLANEOUS REVENUE
total $51,700 · excluded $51,700
-
11e · Other revenue, total
$51,700
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $250,639 · program services $87,724 · management and general $125,319 · fundraising $37,596
-
7 · Other salaries and wages
total $7,422,168 · program services $7,028,890 · management and general $393,278
-
8 · Pension plan contributions
total $1,413,112 · program services $1,213,670 · management and general $199,442
-
9 · Other employee benefits
total $1,240,616 · program services $1,136,107 · management and general $104,509
-
10 · Payroll taxes
total $583,722 · program services $546,971 · management and general $36,751
-
11a · Fees: management
total $109,108 · management and general $109,108
-
11b · Fees: legal
total $120,092 · management and general $120,092
-
11c · Fees: accounting
total $21,000 · management and general $21,000
-
12 · Advertising and promotion
total $3,646 · program services $907 · management and general $2,739
-
13 · Office expenses
total $125,732 · program services $29,330 · management and general $96,402
-
14 · Information technology
total $78,849 · management and general $78,849
-
16 · Occupancy
total $712,455 · program services $681,173 · management and general $31,282
-
17 · Travel
total $15,395 · program services $15,395
-
20 · Interest
total $145,636 · program services $145,636
-
22 · Depreciation, depletion and amortization
total $1,277,707 · program services $1,277,707
-
23 · Insurance
total $135,256 · program services $84,664 · management and general $50,592
-
24a · Other expenses: SUPPLIES
total $860,854 · program services $774,452 · management and general $86,402
-
24b · Other expenses: PROFESSIONAL FEES
total $605,092 · program services $605,092
-
24c · Other expenses: FOOD
total $437,108 · program services $437,108
-
24d · Other expenses: STUDENT TRANSPORTATION
total $63,223 · program services $63,223
-
24e · All other expenses
total $36,194 · program services $10,896 · management and general $25,298
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,762,391 · end of year $3,100,281
-
4 · Accounts receivable
beginning of year $1,498,015 · end of year $1,401,306
-
9 · Prepaid expenses and deferred charges
beginning of year $186,806 · end of year $285,139
-
10a · Land, buildings and equipment: cost or other basis
$23,332,735
-
10b · Land, buildings and equipment: accumulated depreciation
$7,077,226
-
10c · Land, buildings and equipment, net
beginning of year $17,173,609 · end of year $16,255,509
-
15 · Other assets
beginning of year $3,129,833 · end of year $2,245,333
-
17 · Accounts payable and accrued expenses
beginning of year $2,124,903 · end of year $2,176,577
-
19 · Deferred revenue
beginning of year $363,895 · end of year $131,628
-
23 · Secured mortgages and notes payable
beginning of year $343,961 · end of year $88,736
-
25 · Other liabilities
beginning of year $27,455,381 · end of year $26,075,145
-
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 $2,846,067 · end of year $2,603,807
-
31 · Retained earnings, endowment or other funds
beginning of year -$8,383,553 · end of year -$7,788,325
Mission and programs · 2022
Mission
TO PREPARE STUDENTS FOR A SUCCESSFUL FUTURE BY PROMOTING ACADEMIC EXCELLENCE THROUGH RIGOROUS INSTRUCTION, BILINGUALISM, THE INTEGRATION OF CULTURAL AWARENESS AND RESPECT THROUGHOUT ALL ASPECTS OF CURRICULUM.
Activities or mission (Part I)
TO PREPARE BILINGUAL, INTERNATIONALLY-MINDED INQUIRERS.
-
PROVIDE A HIGH QUALITY PUBLIC EDUCATION TO STUDENTS FROM GRADES K-8 WITHIN PHILADELPHIA AND SURROUNDING COMMUNITIES.
Expenses $14,138,945 · Revenue $11,933,987
As filed on the 2022 return.
Listed in Part VII
-
Brenda MarreroBRENDA MARRERO
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 0.5
-
Dr Nelson FloresDR NELSON FLORES
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 0.5
-
Dana EspinosaDANA ESPINOSA
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.5
-
Donna NuccioDONNA NUCCIO
TREASURER
- Total calculated
- $0
- Hours/week
- 0.5
-
Dr Joseph DucetteDR JOSEPH DUCETTE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Caroline GormanCAROLINE GORMAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Jessika GarciaJESSIKA GARCIA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Hector Guzman Eff 112122HECTOR GUZMAN EFF 112122
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Christina Barker Eff 101722CHRISTINA BARKER EFF 101722
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Darcy RussottoDARCY RUSSOTTO
CHIEF EXECUTIVE OFFICER
- Total calculated
- $244,543
- From this org
- $165,549
- From related orgs
- $0
- Other
- $78,994
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $163,969
- Bonus
- $1,580
- Other
- $0
- Deferred
- $59,199
- Nontaxable benefits
- $19,795
- Filer's total
- $244,543
-
Jennifer McNeilJENNIFER MCNEIL
DIRECTOR OF SPEC ED (THRU 12/31/22)
- Total calculated
- $199,523
- From this org
- $122,284
- From related orgs
- $0
- Other
- $77,239
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $120,701
- Bonus
- $1,583
- Other
- $0
- Deferred
- $45,187
- Nontaxable benefits
- $32,052
- Filer's total
- $199,523
-
Joshua FinebergJOSHUA FINEBERG
DIRECTOR OF STUDENT SERVICES
- Total calculated
- $189,678
- From this org
- $124,853
- From related orgs
- $0
- Other
- $64,825
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $123,270
- Bonus
- $1,583
- Other
- $0
- Deferred
- $44,352
- Nontaxable benefits
- $20,473
- Filer's total
- $189,678
-
David ShemariaDAVID SHEMARIA
PRINCIPAL (THRU 6/30/23)
- Total calculated
- $183,601
- From this org
- $109,531
- From related orgs
- $0
- Other
- $74,070
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $107,948
- Bonus
- $1,583
- Other
- $0
- Deferred
- $41,058
- Nontaxable benefits
- $33,012
- Filer's total
- $183,601
-
Tim VassionTIM VASSION
FACILITY MANAGER
- Total calculated
- $156,230
- From this org
- $108,088
- From related orgs
- $0
- Other
- $48,142
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $106,483
- Bonus
- $1,605
- Other
- $0
- Deferred
- $37,389
- Nontaxable benefits
- $10,753
- Filer's total
- $156,230
-
Mercedes Walton-MasonMERCEDES WALTON-MASON
PRINCIPAL
- Total calculated
- $178,284
- From this org
- $124,348
- From related orgs
- $0
- Other
- $53,936
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $122,724
- Bonus
- $1,624
- Other
- $0
- Deferred
- $43,109
- Nontaxable benefits
- $10,827
- Filer's total
- $178,284
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 survey or study
- 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.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 6 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202421369349304352
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