The Gesu School Inc
- Assets
- $37.4m
- Revenue
- $13.4m
- Investments
- $6.2m
- Employees
- 100
- Location
- Philadelphia, PA
- Founding
- 04/1995
- Data as of
- 06/2022
- 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 06/2022, Gesu School Inc employed 100 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 06/2022, Gesu School Inc generated $13.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.3% each year . All expenses for the organization totaled $9.4m during the year ending 06/2022. While expenses have increased by 10.2% 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
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 |
|---|---|---|---|
Steven S Piltch Chair (from July) | OfficerTrustee | 1 | $0 |
Keith Pension Secretary | OfficerTrustee | 0.5 | $0 |
Gerard Davies Treasurer | OfficerTrustee | 1 | $0 |
Katherine Hovde Vice Chair | OfficerTrustee | 0.5 | $0 |
Marie Tmccormick Trustee (thru June) Vice Chair (from July) | OfficerTrustee | 0.5 | $0 |
Donna Bullock Trustee | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $29,741 |
| Membership dues | $0 |
| Fundraising events | $215,116 |
| Related organizations | $0 |
| Government grants | $381,737 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,250,477 |
| Noncash contributions included in lines 1a–1f | $160,178 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,877,071 |
| Total Program Service Revenue | $3,842,045 |
| Investment income | $400,294 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,338,272 |
| Net Income from Fundraising Events | -$79,655 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,766 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,419,562 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,229,932 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $510,196 |
| Compensation of current officers, directors, key employees. | $510,196 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,316,228 |
| Pension plan accruals and contributions | $50,080 |
| Other employee benefits | $477,650 |
| Payroll taxes | $261,634 |
| Fees for services: Management | $51,618 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $156,877 |
| Advertising and promotion | $79,787 |
| Office expenses | $25,288 |
| Information technology | $58,154 |
| Royalties | $0 |
| Occupancy | $355,693 |
| Travel | $23,256 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $26,729 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $337,066 |
| Insurance | $116,281 |
| All other expenses | $17,483 |
| Total functional expenses | $9,391,660 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,159,808 |
| Savings and temporary cash investments | $11,264,174 |
| Pledges and grants receivable | $2,105,217 |
| Accounts receivable, net | $0 |
| 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 | $77,911 |
| Net Land, buildings, and equipment | $5,837,174 |
| Investments—publicly traded securities | $9,753,358 |
| Investments—other securities | $6,166,872 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $37,364,514 |
| Accounts payable and accrued expenses | $851,950 |
| Grants payable | $0 |
| Deferred revenue | $32,007 |
| 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 | $883,957 |
| Net assets without donor restrictions | $22,321,709 |
| Net assets with donor restrictions | $14,158,848 |
| 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 | $37,364,514 |
Grants Awarded
Over the last fiscal year, The Gesu School Inc has awarded $19,700 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
WEST CATHOLIC HIGH SCHOOL PURPOSE: TO PROVIDE ASSISTANCE TO SCHOOLS IN NEED. | $2,000 |
ROMAN CATHOLIC HIGH SCHOOL PURPOSE: TO PROVIDE ASSISTANCE TO SCHOOLS IN NEED. | $3,500 |
CRISTO REY PHILADELPHIA HIGH SCHOOL PURPOSE: TO PROVIDE ASSISTANCE TO SCHOOLS IN NEED. | $700 |
BISHOP MCDEVITT HIGH SCHOOL PURPOSE: TO PROVIDE ASSISTANCE TO SCHOOLS IN NEED. | $1,000 |
ST PETER THE APOSTLE SCHOOL PURPOSE: TO PROVIDE ASSISTANCE TO SCHOOLS IN NEED. | $12,000 |
THE BALDWIN SCHOOL PURPOSE: TO PROVIDE ASSISTANCE TO SCHOOLS IN NEED. | $500 |