Inquiry Charter School
- Assets
- $4.5m
- Revenue
- $6.8m
- Investments
- $0.0
- Employees
- 70
- Location
- Philadelphia, PA
- Founding
- 10/1998
- Data as of
- 06/2022
- EIN
- 23-2959842
Organization Overview
Inquiry Charter School is located in Philadelphia, PA. The organization was established in 1998. 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, Inquiry Charter School employed 70 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Inquiry 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, Inquiry Charter School generated $6.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $5.7m during the year ending 06/2022. While expenses have increased by 13.8% 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
BASIC EDUCATION FOR GRADE SCHOOL STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INQUIRY CHARTER SCHOOL IS AN INDEPENDENT CHARTER SCHOOL WITH A PURPOSE TO PROVIDE EDUCATION TO STUDENTS WITH UNIQUE SUPPORT SERVICES TO FACILITATE THIS GOAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Claire Cohen Head Of School | Officer | 40 | $117,900 |
Michael Karp Chairman | Trustee | 5 | $0 |
Leslie Convey Secretary | Trustee | 1 | $0 |
Elizabeth P Havey Board Member | Trustee | 1 | $0 |
Lauren Katz Board Member | Trustee | 1 | $0 |
Steve Parico Treasurer | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lintons Managed Svcs Food Services | 6/29/22 | $1,133,344 |
Acsa Group Ins Employee Benefits Provide | 6/29/22 | $323,594 |
Community Education Alliance Management Services | 6/29/22 | $248,251 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,061,256 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,061,256 |
| Total Program Service Revenue | $5,741,362 |
| Investment income | $0 |
| 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 | $6,802,618 |
| 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. | $123,477 |
| Compensation of current officers, directors, key employees. | $123,477 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,379,732 |
| Pension plan accruals and contributions | $87,234 |
| Other employee benefits | $343,060 |
| Payroll taxes | $199,966 |
| Fees for services: Management | $248,251 |
| Fees for services: Legal | $466 |
| Fees for services: Accounting | $65,326 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,038 |
| Office expenses | $3,484 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $433 |
| 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 | $46,154 |
| Insurance | $22,244 |
| All other expenses | $486,650 |
| Total functional expenses | $5,696,495 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,315,607 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $806,667 |
| 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 | $8,624 |
| Net Land, buildings, and equipment | $210,162 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $173,576 |
| Total assets | $4,514,636 |
| Accounts payable and accrued expenses | $1,279,079 |
| Grants payable | $0 |
| Deferred revenue | $114,025 |
| 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 | $1,074,199 |
| Total liabilities | $2,467,303 |
| Net assets without donor restrictions | $2,047,333 |
| 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 | $4,514,636 |