Propel Schools Inc
- Assets
- $19.2m
- Revenue
- $27.8m
- Investments
- $0.0
- Employees
- 253
- Location
- Pittsburgh, PA
- Founding
- 08/2003
- Data as of
- 06/2021
- EIN
- 03-0483260
Organization Overview
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 06/2021, Propel Schools Inc employed 253 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 06/2021, Propel Schools Inc generated $27.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $25.1m during the year ending 06/2021. While expenses have increased by 6.5% per year over the past 6 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
2021
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tina Chekan Superintendent, CEO | Officer | 5 | $188,459 |
Teresa O'neill Senior Director | 35 | $132,029 | |
Beth Wright Chief Financial Officer | Officer | 12 | $121,856 |
Graham Coyle Senior Director | 35 | $118,753 | |
Richard Snyder Director Of Operations | 35 | $117,626 | |
Angela Taylor Director, K-12 | 35 | $106,789 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Spera Partners Computer Support | 6/29/21 | $281,394 |
Shield Roofing & Construction Llc Roofing Contractor | 6/29/21 | $224,600 |
Strassburger Mckenna Gutnick & Gefsky Legal | 6/29/21 | $164,868 |
Graves Design Group Architect | 6/29/21 | $159,616 |
Mon Yough Community Services Inc Health | 6/29/21 | $124,510 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $397,670 |
| Government grants | $2,784,913 |
| All other contributions, gifts, grants, and similar amounts not included above | $75,418 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,258,001 |
| Total Program Service Revenue | $23,889,995 |
| Investment income | $4,430 |
| 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 | $27,845,397 |
| 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. | $458,702 |
| Compensation of current officers, directors, key employees. | $458,702 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,373,242 |
| Pension plan accruals and contributions | $1,417,134 |
| Other employee benefits | $2,961,085 |
| Payroll taxes | $859,498 |
| Fees for services: Management | $1,396,339 |
| Fees for services: Legal | $168,851 |
| Fees for services: Accounting | $10,755 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,087,939 |
| Advertising and promotion | $71,897 |
| Office expenses | $1,392,399 |
| Information technology | $140,743 |
| Royalties | $0 |
| Occupancy | $1,020,233 |
| Travel | $13,745 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $209,505 |
| Insurance | $274,050 |
| All other expenses | $481,657 |
| Total functional expenses | $25,128,366 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,521,839 |
| Savings and temporary cash investments | $6,575,206 |
| Pledges and grants receivable | $718,794 |
| Accounts receivable, net | $1,865,123 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,952 |
| Prepaid expenses and deferred charges | $808,651 |
| Net Land, buildings, and equipment | $2,032,547 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,720,085 |
| Total assets | $19,245,197 |
| Accounts payable and accrued expenses | $2,578,490 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $19,891,198 |
| Total liabilities | $22,469,688 |
| 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 | -$3,224,491 |
| Total liabilities and net assets/fund balances | $19,245,197 |
Grants Awarded
Over the last fiscal year, Propel Schools Inc has awarded $124,025 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Pittsburgh, PA PURPOSE: 21ST CCLC | $64,679 |
Pittsburgh, PA PURPOSE: 21ST CCLC | $32,846 |
Pittsburgh, PA PURPOSE: 21ST CCLC | $26,500 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Propel Schools Inc has recieved totaling $8,837.
| Awarding Organization | Amount |
|---|---|
Tickets For Kids Foundation Pittsburgh, PA PURPOSE: TO PROVIDE TICKETS TO EVENTS FOR UNDERPRIVILEGED CHILDREN AND THEIR FAMILIES | $8,337 |
Muse Foundation Pittsburgh, PA PURPOSE: EDUCATION | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ascend Charter Schools Brooklyn, NY | $45,182,055 | $130,071,368 |
Team Academy Charter School Inc Newark, NJ | $62,784,056 | $112,036,254 |
Agora Cyber Charter School King Of Prussia, PA | $29,812,274 | $123,843,368 |
Kipp Nyc Public Charter Schools Ii New York, NY | $29,013,020 | $109,312,231 |
The Academy Charter School Hempstead, NY | $181,369,373 | $54,353,660 |
Mastery Charter High School Philadelphia, PA | $43,740,057 | $52,618,647 |
Public Prep Charter School Academies Bronx, NY | $28,993,375 | $52,903,915 |
Chesapeake Lighthouse Foundation Inc Laurel, MD | $97,823,093 | $48,417,489 |
Explore Excel Charter School Brooklyn, NY | $21,686,253 | $46,865,700 |
Brooklyn Prospect Charter School Brooklyn, NY | $14,747,543 | $42,286,541 |
Little Red School House Inc New York, NY | $50,588,811 | $36,915,940 |
Philadelphia Performing Arts A String Theory Charter School Philadelphia, PA | $27,708,411 | $43,176,770 |