Sankofa Freedom Academy Charter School
- Assets
- $12.0m
- Revenue
- $13.9m
- Investments
- $0.0
- Employees
- 123
- Location
- Philadelphia, PA
- Founding
- 06/2009
- Data as of
- 06/2022
- EIN
- 02-0793541
Organization Overview
Sankofa Freedom Academy Charter School is located in Philadelphia, PA. The organization was established in 2009. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2022, Sankofa Freedom Academy Charter School employed 123 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sankofa Freedom Academy Charter School is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Sankofa Freedom Academy Charter School generated $13.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $11.6m during the year ending 06/2022. While expenses have increased by 6.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SANKOFA FREEDOM ACADEMY IS A COLLEGE PREPARATORY COMMUNITY BASED K-12 FREEDOM SCHOOL THAT EMPOWERS ITS STUDENTS TO TAKE THEIR RIGHTFUL PLACES IN THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SCHOOL SERVES CHILDREN IN GRADES KINDERGARTEN THROUGH 12.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ayesha Imani PHD CEO | Officer | 40 | $141,440 |
Isa Clark COO | Officer | 40 | $132,000 |
Tameka Thomas Upper School Coord/principal | 40 | $100,776 | |
Marika Meekins Principal | Officer | 40 | $120,000 |
Steven Blackburn President | OfficerTrustee | 2 | $0 |
Walter Prescott Treasurer | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Maverick Carpet Cleaning Llc Cleaning | 6/29/20 | $223,254 |
Young Carver Llc Substitute Teachers | 6/29/20 | $103,175 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $13,375,890 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,375,890 |
| Total Program Service Revenue | $142,835 |
| Investment income | $688 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $132,730 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,867,579 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $494,216 |
| Compensation of current officers, directors, key employees. | $69,190 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,296,907 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $858,815 |
| Payroll taxes | $582,522 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $32,799 |
| Fees for services: Accounting | $166,010 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $43,939 |
| Office expenses | $30,419 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $968,812 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $146,113 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $557,824 |
| Insurance | $111,853 |
| All other expenses | $816,570 |
| Total functional expenses | $11,648,423 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,755,437 |
| Savings and temporary cash investments | $228,894 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,123,868 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $130,375 |
| Net Land, buildings, and equipment | $6,727,675 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $64,417 |
| Total assets | $12,030,666 |
| Accounts payable and accrued expenses | $1,754,496 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,400,963 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $64,417 |
| Total liabilities | $5,219,876 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $3,484,078 |
| Paid-in or capital surplus, or land, building, or equipment fund | $3,326,712 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $12,030,666 |