Propel Schools Inc is located in Pittsburgh, PA. The organization was established in 2003. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2023, Propel Schools Inc employed 300 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Propel Schools Inc 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 06/2023, Propel Schools Inc generated $31.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $28.2m during the year ending 06/2023. While expenses have increased by 6.4% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
CHARTER SCHOOL FOR STUDENTS IN GRADES KINDERGARTEN THROUGH TWELFTH. PROPEL'S MISSION IS TO CATALYZE THE TRANSFORMATION OF PUBLIC EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROPEL SCHOOLS IS A CHARTER SCHOOL GRANTED BY A PUBLIC SCHOOL DISTRICT TO SERVE STUDENTS IN THE AREA.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
David Fair President | OfficerTrustee | 1 | $0 |
Bernard E Carter Vice-President | OfficerTrustee | 1 | $0 |
Heidi Bartholomew Treasurer | OfficerTrustee | 1 | $0 |
Evon Walters Secretary | OfficerTrustee | 1 | $0 |
James Kinville Trustee | Trustee | 1 | $0 |
Don Huber Trustee | Trustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Arcon Contracting Contracting | 6/29/23 | $469,888 |
Briggs Transportation Transportation | 6/29/23 | $634,762 |
Huckestein Mechanical Services Mechanical Contracting | 6/29/23 | $1,440,739 |
Sd Transit Transportation | 6/29/23 | $244,269 |
Maxim Staffing Solutions Staffing Services | 6/29/23 | $340,126 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $138,170 |
Government grants | $6,961,150 |
All other contributions, gifts, grants, and similar amounts not included above | $451,624 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $7,550,944 |
Total Program Service Revenue | $21,222,789 |
Investment income | $307,601 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
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 | $30,999,096 |
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. | $492,722 |
Compensation of current officers, directors, key employees. | $492,722 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $11,067,773 |
Pension plan accruals and contributions | $1,353,688 |
Other employee benefits | $2,246,507 |
Payroll taxes | $953,606 |
Fees for services: Management | $1,081,109 |
Fees for services: Legal | $47,899 |
Fees for services: Accounting | $19,124 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $2,315,303 |
Advertising and promotion | $122,416 |
Office expenses | $1,638,451 |
Information technology | $89,934 |
Royalties | $0 |
Occupancy | $252,950 |
Travel | $78,542 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $201,230 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $597,630 |
Insurance | $907,722 |
All other expenses | $735,701 |
Total functional expenses | $28,239,405 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $3,106,844 |
Savings and temporary cash investments | $9,150,240 |
Pledges and grants receivable | $264,354 |
Accounts receivable, net | $3,290,001 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $9,593 |
Prepaid expenses and deferred charges | $11,561 |
Net Land, buildings, and equipment | $7,554,072 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $3,728,708 |
Total assets | $27,115,373 |
Accounts payable and accrued expenses | $3,057,385 |
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 | $3,436,608 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $17,272,784 |
Total liabilities | $23,766,777 |
Net assets without donor restrictions | $0 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $3,348,596 |
Total liabilities and net assets/fund balances | $27,115,373 |
Over the last fiscal year, Propel Schools Inc has awarded $124,025 in support to 3 organizations.
Grant Recipient | Amount |
---|---|
PROPEL CHARTER SCHOOL-SUNRISE PURPOSE: 21ST CCLC | $64,679 |
PROPEL CHARTER SCHOOL - MCKEESPORT PURPOSE: 21ST CCLC | $32,846 |
PROPEL CHARTER SCHOOL - NORTHSIDE PURPOSE: 21ST CCLC | $26,500 |