Souderton Charter School Collaborative
- Assets
- $4.7m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 45
- Location
- Souderton, PA
- Founding
- 12/1997
- Data as of
- 06/2021
- EIN
- 23-2883517
Organization Overview
Souderton Charter School Collaborative is located in Souderton, PA. The organization was established in 1997. 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, Souderton Charter School Collaborative employed 45 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Souderton Charter School Collaborative 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, Souderton Charter School Collaborative generated $4.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $4.4m during the year ending 06/2021. While expenses have increased by 6.4% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
A CHARTER SCHOOL IN ACCORDANCE WITH THE PENNSLYVANIA CHARTER SCHOOL LAW, ARTICLE XVII-A OF THE PUBLIC SCHOOL CODE OF 1949, AS AMENDED, EXCLUSIVELY FOR EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION OF STUDENTS ACADEMICS K-8 (235 STUDENTS). EDUCATION OF STUDENTS WHO REQUIRE SPECIALLY DESIGNED INSTRUCTION OR MODIFICATIONS IN ENVIRONMENT. APPROXIMATELY 45 STUDENTS.EDUCATION OF STUDENTS WHO LEARNED VIRTUAL LAST YEAR. INITIALLY IT WAS 33% OF STUDENTS AND BY YEAR'S END IT WAS 85% OF STUDENTS. THIS REQUIRED PURCHASE OF MORE CHROMEBOOKS THROUGH GRANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Arevalo Director Of Education/ceo | Officer | 45 | $115,334 |
Wendy Ormsby Director, Org Development | Officer | 45 | $105,168 |
Carina Urbach President | OfficerTrustee | 5 | $0 |
John Page Secretary | OfficerTrustee | 1 | $0 |
Jenny Marion Treasurer | OfficerTrustee | 5 | $0 |
Kim Buchanan Vice President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $259,584 |
| Investment income | $2,383 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $3,442 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,125,318 |
| Statement of Expenses | |
|---|---|
| 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. | $211,267 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,094,020 |
| Pension plan accruals and contributions | $979,907 |
| Other employee benefits | $270,888 |
| Payroll taxes | $171,212 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $23,541 |
| Fees for services: Accounting | $14,330 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,189 |
| Advertising and promotion | $1,685 |
| Office expenses | $31,383 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $311,428 |
| Travel | $0 |
| 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 | $108,009 |
| Insurance | $18,000 |
| All other expenses | $0 |
| Total functional expenses | $4,421,074 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $88,618 |
| Savings and temporary cash investments | $885,200 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $166,377 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,005 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $12,552 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,477,939 |
| Total assets | $4,723,946 |
| Accounts payable and accrued expenses | $553,177 |
| 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 | $7,867,357 |
| Total liabilities | $8,420,534 |
| 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 |
| Total liabilities and net assets/fund balances | -$3,696,588 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Souderton Charter School Collaborative has recieved totaling $1,975.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $1,025 |
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $500 |
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $450 |
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 |