William Penn Charter School Inc
- Assets
- $242.6m
- Revenue
- $67.8m
- Investments
- $207.2k
- Employees
- 257
- Location
- Philadelphia, PA
- Founding
- 07/1986
- Data as of
- 06/2022
- EIN
- 23-0953760
Organization Overview
William Penn Charter School Inc is located in Philadelphia, PA. The organization was established in 1986. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2022, William Penn Charter School Inc employed 257 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. William Penn Charter School 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 06/2022, William Penn Charter School Inc generated $67.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $50.3m during the year ending 06/2022. While expenses have increased by 3.6% 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
A COED, PRE-KINDERGARTEN TO GRADE 12 SCHOOL ESTABLISHED IN 1689 BY WILLIAM PENN AS A FRIENDS SCHOOL. A VIGOROUS PROGRAM OF ACADEMICS, ARTS AND ATHLETICS PREPARES STUDENTS FOR HIGHER EDUCATION AND LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
A COED, PRE-KINDERGARTEN TO GRADE 12 SCHOOL ESTABLISHED IN 1689 BY WILLIAM PENN AS A FRIENDS SCHOOL. A VIGOROUS PROGRAM OF ACADEMICS, ARTS AND ATHLETICS PREPARES STUDENTS FOR HIGHER EDUCATION AND LIFE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Darryl J Ford Head-School | Officer | 40 | $704,761 |
Hal S Davidow CFO | Officer | 40 | $274,832 |
Elizabeth Glascott Asst Head-Sc | Officer | 40 | $275,500 |
John T Rogers Head Of Deve | Officer | 40 | $231,880 |
Travis Larrabee Director-Str | Officer | 40 | $203,667 |
David Brightbill Ast To Head | Officer | 40 | $186,080 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Intech Construction Llc Contractor | 6/29/22 | $13,326,126 |
Ewing Cole Architects | 6/29/22 | $1,480,256 |
Anthony Rental & Sales Rentals | 6/29/22 | $555,624 |
Ar Building Services Inc Housekeeping | 6/29/22 | $545,555 |
Culinart Inc Food Services | 6/29/22 | $437,635 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $23,867 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $27,636,213 |
| Noncash contributions included in lines 1a–1f | $1,688,173 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $27,660,080 |
| Total Program Service Revenue | $35,877,838 |
| Investment income | $1,236,876 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $144,125 |
| Net Gain/Loss on Asset Sales | $2,901,218 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $67,821,463 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $9,614,190 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,057,162 |
| Compensation of current officers, directors, key employees. | $1,057,162 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $18,331,670 |
| Pension plan accruals and contributions | $1,338,266 |
| Other employee benefits | $2,044,692 |
| Payroll taxes | $1,467,965 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $42,498 |
| Fees for services: Accounting | $67,092 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $51,889 |
| Fees for services: Investment Management | $260,089 |
| Fees for services: Other | $6,134 |
| Advertising and promotion | $140,209 |
| Office expenses | $1,138,749 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,584,733 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $937,902 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,564,624 |
| Insurance | $474,287 |
| All other expenses | $2,534,980 |
| Total functional expenses | $50,259,385 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $23,291,388 |
| Pledges and grants receivable | $10,601,281 |
| Accounts receivable, net | $661,110 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $129,971 |
| Inventories for sale or use | $67,245 |
| Prepaid expenses and deferred charges | $544,311 |
| Net Land, buildings, and equipment | $103,652,565 |
| Investments—publicly traded securities | $96,644,684 |
| Investments—other securities | $207,225 |
| Investments—program-related | $0 |
| Intangible assets | $454,214 |
| Other assets | $6,296,022 |
| Total assets | $242,550,016 |
| Accounts payable and accrued expenses | $4,101,204 |
| Grants payable | $0 |
| Deferred revenue | $4,014,556 |
| Tax-exempt bond liabilities | $64,384,804 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $193,772 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $545,973 |
| Total liabilities | $73,240,309 |
| Net assets without donor restrictions | $99,160,745 |
| Net assets with donor restrictions | $70,148,962 |
| 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 | $242,550,016 |