Mathematics Science & Technology Community Charter School
- Assets
- $66.3m
- Revenue
- $29.9m
- Investments
- $0.0
- Employees
- 281
- Location
- Philadelphia, PA
- Founding
- 03/1999
- Data as of
- 06/2022
- EIN
- 23-2963763
Organization Overview
Mathematics Science & Technology Community Charter School is located in Philadelphia, PA. The organization was established in 1999. 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, Mathematics Science & Technology Community Charter School employed 281 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mathematics Science & Technology Community 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, Mathematics Science & Technology Community Charter School generated $29.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $24.5m during the year ending 06/2022. While expenses have increased by 6.0% 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
THE OBJECTIVES AND PURPOSES OF THE SCHOOL ARE: (1) TO FOSTER QUALITY PUBLIC EDUCATION AND TO ADVANCE THE INTERESTS OF PUBLIC SCHOOL STUDENTS THROUGH THE PROMOTION AND ADVOCACY OF COMMUNITY SCHOOLS; (2) TO STIMULATE AND REPLICATE THE DEVELOPMENT OF INNOVATIVE PROGRAMS IN PUBLIC EDUCATION WITH AN EMPHASIS ON MATHEMATICS, SCIENCE AND TECHNOLOGY; (3) TO PROVIDE OPPORTUNITIES FOR LEARNING AND ASSESSMENTS; (4) TO PROVIDE PARENTS AND STUDENTS WITH GREATER EDUCATIONAL OPTIONS IN CHOOSING A SCHOOL; AND (5) TO HOLD TEACHERS, PARENTS, AND SCHOOL ADMINISTRATORS ACCOUNTABLE FOR THE STUDENT EDUCATIONAL PROCESS. THE SCHOOL IS INCORPORATED UNDER THE NONPROFIT CORPORATION LAW OF 1988, AS AMENDED, OF THE COMMONWEALTH OF PENNSYLVANIA, AND SHALL BE ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES PERMITTED WITHIN THE SCOPE OF SEC. 501(C)(3) OF THE IRC OF 1986, AS AMENDED, INCLUDING THE PURPOSES SPECIFIED IN ACT. NO. 1997-22 OF THE GENERAL ASSEMBLY OF PA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHARTER SCHOOL PROVIDING EDUCATIONAL INSTRUCTION TO STUDENTS IN THE CITY OF PHILADELPHIA.
SUPPLIED EDUCATIONAL AND ADMINISTRATIVE SERVICES TO MAST COMMUNITY CHARTER SCHOOL II AND MAST COMMUNITY CHARTER SCHOOL III, BOTH RELATED PARTIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mimi Garbinski Board Member | Trustee | 3 | $0 |
Angela Medina Board Member | Trustee | 3 | $0 |
Bettyann Creighton Board Member | Trustee | 3 | $0 |
Corvette Kitrell Board Member | Trustee | 3 | $0 |
Carrie Nork Minelli Board Member | Trustee | 3 | $0 |
Marcia Stewart Board Member | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
R&a Personal Touch Cleaning Custodial Services | 6/29/22 | $192,100 |
Bsi Construction Llc Construction Contractor Services | 6/29/22 | $150,562 |
Pediatric Therapeutic Services Special Education Services | 6/29/22 | $159,833 |
Santilli & Thomson Llc Business/educational Services | 6/29/22 | $177,925 |
Nutrition Inc Food Service Management | 6/29/22 | $416,126 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,728,979 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,734 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,730,713 |
| Total Program Service Revenue | $24,073,835 |
| Investment income | $7,819 |
| 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 | $29,920,225 |
| 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. | $1,511,321 |
| Compensation of current officers, directors, key employees. | $1,511,321 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,462,423 |
| Pension plan accruals and contributions | -$450,500 |
| Other employee benefits | $2,809,849 |
| Payroll taxes | $999,252 |
| Fees for services: Management | $173,165 |
| Fees for services: Legal | $61,729 |
| Fees for services: Accounting | $1,345,374 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $838,212 |
| Advertising and promotion | $22,613 |
| Office expenses | $432,970 |
| Information technology | $494,650 |
| Royalties | $0 |
| Occupancy | $1,326,959 |
| Travel | $3,083 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $61,485 |
| Interest | $1,416,439 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $563,130 |
| Insurance | $293,888 |
| All other expenses | $13,137 |
| Total functional expenses | $24,460,383 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,941,243 |
| Savings and temporary cash investments | $16,908,444 |
| Pledges and grants receivable | $1,539,290 |
| Accounts receivable, net | $14,737 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $460,499 |
| Prepaid expenses and deferred charges | $238,222 |
| Net Land, buildings, and equipment | $40,937,567 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,234,661 |
| Total assets | $66,274,663 |
| Accounts payable and accrued expenses | $1,863,124 |
| Grants payable | $0 |
| Deferred revenue | $301,608 |
| 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 | $45,845,379 |
| Total liabilities | $48,010,111 |
| Net assets without donor restrictions | $18,264,552 |
| 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 | $66,274,663 |