Achievement House Charter School
- Assets
- $27.2m
- Revenue
- $21.3m
- Investments
- $0.0
- Employees
- 127
- Location
- Exton, PA
- Founding
- 01/2005
- Data as of
- 06/2022
- EIN
- 20-1241919
Organization Overview
Achievement House Charter School is located in Exton, PA. The organization was established in 2005. 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, Achievement House Charter School employed 127 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Achievement House 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, Achievement House Charter School generated $21.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 16.5% each year . All expenses for the organization totaled $11.1m during the year ending 06/2022. While expenses have increased by 2.1% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF A PUBLIC CYBER CHARTER SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CYBER CHARTER SCHOOL PROVIDING EDUCATIONAL SERVICES TO STUDENTS IN PENNSYLVANIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donald Asplen CEO | Officer | 40 | $226,497 |
Bob Worn Human Resource Mgr | 40 | $123,409 | |
Marilou Strangarity President | Trustee | 2 | $0 |
Gerri Light Member | Trustee | 2 | $0 |
Kristin Chettle Treasurer | Trustee | 2 | $0 |
Donald Fraatz Secretary | Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Charter Choices Inc Business Services | 6/29/22 | $795,245 |
Us Healthcare Services Therapy Services | 6/29/22 | $246,861 |
Grafik Advertising | 6/29/22 | $864,283 |
Therapy Source Therapy Services | 6/29/22 | $233,373 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,162,043 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,503 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,167,546 |
| Total Program Service Revenue | $19,094,880 |
| Investment income | $53,472 |
| 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 | $21,315,898 |
| 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. | $237,037 |
| Compensation of current officers, directors, key employees. | $237,037 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,134,785 |
| Pension plan accruals and contributions | -$1,191,979 |
| Other employee benefits | $1,021,574 |
| Payroll taxes | $493,682 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $813,745 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,637 |
| Advertising and promotion | $875,454 |
| Office expenses | $4,734 |
| Information technology | $72,906 |
| Royalties | $0 |
| Occupancy | $67,888 |
| Travel | $14,753 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $87,741 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $590,362 |
| Insurance | $92,877 |
| All other expenses | $213,144 |
| Total functional expenses | $11,121,861 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,630,978 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,215,957 |
| Accounts receivable, net | $1,285,990 |
| 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 | $175,324 |
| Net Land, buildings, and equipment | $3,095,643 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $778,813 |
| Total assets | $27,182,705 |
| Accounts payable and accrued expenses | $1,582,256 |
| Grants payable | $0 |
| Deferred revenue | $10,500 |
| 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 | $7,743,157 |
| Total liabilities | $9,335,913 |
| Net assets without donor restrictions | $17,846,792 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $27,182,705 |