The Gesu School Inc
- Assets
- $39.9m
- Revenue
- $11.0m
- Investments
- $13.1m
- Employees
- 103
- Location
- Philadelphia, PA
- Founding
- 04/1995
- Data as of
- 06/2021
- EIN
- 23-2728931
Organization Overview
The Gesu School Inc is located in Philadelphia, PA. The organization was established in 1995. 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 06/2021, Gesu School Inc employed 103 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gesu 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 06/2021, Gesu School Inc generated $11.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.7% each year . All expenses for the organization totaled $9.2m during the year ending 06/2021. While expenses have increased by 11.5% 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
FOR APPROXIMATELY 450 CHILDREN, GESU SCHOOL IS AN INDEPENDENT CATHOLIC SCHOOL (PRE-K TO 8TH GRADE) IN THE JESUIT AND IHM TRADITIONS PROVIDING ACADEMIC, SPIRITUAL AND SOCIAL DEVELOPMENT TO CHILDREN WHO RESIDE PRIMARILY IN POVERTY STRICKEN AREAS OF PHILADELPHIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ELEMENTARY & PRE-K EDUCATION PROVIDED ON A NON-SELECTIVE BASIS FOR 450 INNER-CITY SCHOOL CHILDREN, HOUSED IN A FACILITY DONATED BY ST. JOSEPH'S PREP. THE EDUCATIONAL BENEFITS OF THE GESU SCHOOL ARE EVIDENCED BY HISTORICAL HIGH SCHOOL GRADUATION RATES FOR ITS STUDENTS OF 90% VERSUS THE AVERAGE RATE IN PHILADELPHIA OF 70%, AND 80% STATE-WIDE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bryan Carter President & CEO | Officer | 50 | $248,800 |
Rob Weinstein Vice President-Development | Officer | 50 | $122,865 |
Carolynn Thompson Finance Director | Officer | 50 | $113,213 |
Gerard Davies Treasurer | OfficerTrustee | 1 | $0 |
Keith Pension Secretary | OfficerTrustee | 0.5 | $0 |
John Curry Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $25,522 |
| Membership dues | $0 |
| Fundraising events | $209,939 |
| Related organizations | $0 |
| Government grants | $1,145,489 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,978,693 |
| Noncash contributions included in lines 1a–1f | $99,902 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,359,643 |
| Total Program Service Revenue | $3,765,187 |
| Investment income | $274,078 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,530,394 |
| Net Income from Fundraising Events | -$33,926 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $34,731 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,953,464 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,273,345 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $567,553 |
| Compensation of current officers, directors, key employees. | $567,553 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,083,467 |
| Pension plan accruals and contributions | $47,100 |
| Other employee benefits | $465,558 |
| Payroll taxes | $242,669 |
| Fees for services: Management | $92,134 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,190 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $212,764 |
| Advertising and promotion | $41,296 |
| Office expenses | $165,456 |
| Information technology | $78,933 |
| Royalties | $0 |
| Occupancy | $291,422 |
| Travel | $9,840 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,161 |
| Interest | $6,408 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $386,123 |
| Insurance | $101,785 |
| All other expenses | $0 |
| Total functional expenses | $9,156,379 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,396,771 |
| Savings and temporary cash investments | $3,925,244 |
| Pledges and grants receivable | $2,000,459 |
| Accounts receivable, net | $11,463 |
| 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 | $60,162 |
| Net Land, buildings, and equipment | $6,040,531 |
| Investments—publicly traded securities | $13,360,456 |
| Investments—other securities | $13,124,403 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $39,919,489 |
| Accounts payable and accrued expenses | $761,289 |
| Grants payable | $0 |
| Deferred revenue | $44,025 |
| 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 | $0 |
| Total liabilities | $805,314 |
| Net assets without donor restrictions | $23,080,470 |
| Net assets with donor restrictions | $16,033,705 |
| 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 | $39,919,489 |
Grants Awarded
Over the last fiscal year, The Gesu School Inc has awarded $19,700 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
ST PETER THE APOSTLE SCHOOL PURPOSE: TO PROVIDE ASSISTANCE TO SCHOOLS IN NEED. | $12,000 |
Philadelphia, PA PURPOSE: TO PROVIDE ASSISTANCE TO SCHOOLS IN NEED. | $3,500 |
Philadelphia, PA PURPOSE: TO PROVIDE ASSISTANCE TO SCHOOLS IN NEED. | $2,000 |
Philadelphia, PA PURPOSE: TO PROVIDE ASSISTANCE TO SCHOOLS IN NEED. | $1,000 |
Philadelphia, PA PURPOSE: TO PROVIDE ASSISTANCE TO SCHOOLS IN NEED. | $700 |
Bryn Mawr, PA PURPOSE: TO PROVIDE ASSISTANCE TO SCHOOLS IN NEED. | $500 |
Grants Recieved
Over the last fiscal year, we have identified 18 grants that The Gesu School Inc has recieved totaling $248,225.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $107,500 |
Gulf Coast Community Foundation Inc Venice, FL PURPOSE: EDUCATION | $29,000 |
United Way Of Greater Philadelphia And Southern New Jersey Philadelphia, PA | | $28,190 |
Meadowbrook Charitable Foundation Tr Philadelphia, PA PURPOSE: FOR GENERAL PURPOSES | $14,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $11,667 |
Connelly Foundation West Conshohocken, PA PURPOSE: CAP 2021-22 | $10,593 |
Endowment Analysis
| Beg. Balance | $22,714,149 |
| Earnings | $5,271,266 |
| Net Contributions | $800,000 |
| Other Expense | $960,525 |
| Ending Balance | $27,824,890 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Executive Education Academy Charter School Allentown, PA | $63,584,076 | $23,169,797 |
Foundation Academy Charter School Trenton, NJ | $16,120,573 | $21,345,321 |
Albany Academy Albany, NY | $58,726,077 | $27,181,105 |
Tatnall School Inc Wilmington, DE | $48,687,568 | $19,526,911 |
Elisabeth Morrow School Englewood, NJ | $43,835,854 | $20,290,882 |
Yeshiva Ktana Of Passaic Passaic, NJ | $33,764,196 | $20,538,079 |
Franklintown Charter High School Philadelphia, PA | $47,616,708 | $24,090,071 |
Nichols School Of Buffalo Buffalo, NY | $102,003,479 | $42,213,694 |
Yeshiva Shaare Torah Inc Brooklyn, NY | $32,363,623 | $20,724,747 |
Yeshivat Heatid Inc Teaneck, NJ | $17,160,980 | $19,921,065 |
Ideal School Of Manhattan New York, NY | $22,538,816 | $19,239,739 |
Peck School Morristown, NJ | $71,516,691 | $18,101,005 |