Freire Charter School
- Assets
- $7.9m
- Revenue
- $17.9m
- Investments
- $0.0
- Employees
- 146
- Location
- Philadelphia, PA
- Founding
- 11/1999
- Data as of
- 06/2021
- EIN
- 23-3001981
Organization Overview
Freire Charter School is located in Philadelphia, PA. The organization was established in 1999. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2021, Freire Charter School employed 146 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Freire 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 06/2021, Freire Charter School generated $17.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $17.6m during the year ending 06/2021. While expenses have increased by 6.0% 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
FREIRE CHARTER SCHOOL PROVIDES A COLLEGE-PREPARATORY LEARNING EXPERIENCE WITH A FOCUS ON INDIVIDUAL FREEDOM, CRITICAL THINKING, AND PROBLEM SOLVING IN AN ENVIRONMENT THAT EMPHASIZES THE VALUES OF COMMUNITY, TEAMWORK, AND COMMITMENT TO PEACE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FREIRE CHARTER SCHOOL PROVIDES A RIGOROUS EDUCATION IN A SAFE, CREATIVE, AND SUPPORTIVE ENVIRONMENT THAT ENABLES AND INSPIRES ALL STUDENTS TO ACHIEVE. WE SERVE APPROXIMATELY 1,000 STUDENTS IN GRADES 5-12. DURING 2020-21, THE SCHOOL ENHANCED ITS VIRTUAL LEARNING PROGRAM TO ENSURE CONTINUITY OF EDUCATION DURING COVID-19.
FREIRE CHARTER SCHOOL PROVIDES A RIGOROUS EDUCATION IN A SAFE, CREATIVE, AND SUPPORTIVE ENVIRONMENT THAT ENABLES AND INSPIRES ALL STUDENTS TO ACHIEVE. WE SERVE APPROXIMATELY 1,000 STUDENTS IN GRADES 5-12. DURING 2020-21, THE SCHOOL ENHANCED ITS VIRTUAL LEARNING PROGRAM TO ENSURE CONTINUITY OF EDUCATION DURING COVID-19.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Zagacki CEO & Head Of Middle School | Officer | 40 | $137,700 |
Chris Moore Head Of High School | Officer | 40 | $118,025 |
Bruce Lesser Vice Chair | OfficerTrustee | 1 | $0 |
Beth Packel Treasurer | OfficerTrustee | 1 | $0 |
David Bryant Chair | OfficerTrustee | 1 | $0 |
Nicole Jenkins Secretary / Parent Representative | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Acs International Resources It Support Services And Equipment | 6/29/21 | $263,442 |
Freire Schools Collaborative Charter Support Services | 6/29/21 | $1,612,422 |
Clean Tech Services Inc Custodial Services | 6/29/21 | $136,497 |
Freire Schools Collaborative Charter Support Services | 6/29/21 | $1,612,422 |
Clean Tech Services Inc Custodial Services | 6/29/21 | $136,497 |
Acs International Resources It Support Services And Equipment | 6/29/21 | $263,442 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,234,053 |
| All other contributions, gifts, grants, and similar amounts not included above | $53,400 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,287,453 |
| Total Program Service Revenue | $15,583,765 |
| 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 | $17,871,218 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $22,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $269,130 |
| Compensation of current officers, directors, key employees. | $26,913 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,687,596 |
| Pension plan accruals and contributions | $866,378 |
| Other employee benefits | $1,750,347 |
| Payroll taxes | $629,672 |
| Fees for services: Management | $1,347,779 |
| Fees for services: Legal | $48,608 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $878,749 |
| Advertising and promotion | $1,770 |
| Office expenses | $126,879 |
| Information technology | $494,665 |
| Royalties | $0 |
| Occupancy | $1,578,504 |
| Travel | $8,544 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $81,414 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $495,648 |
| Insurance | $148,251 |
| All other expenses | $0 |
| Total functional expenses | $17,624,359 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,384,335 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $675,562 |
| 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 | $134,749 |
| Net Land, buildings, and equipment | $3,891,601 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $810,000 |
| Total assets | $7,896,247 |
| Accounts payable and accrued expenses | $887,094 |
| Grants payable | $0 |
| Deferred revenue | $27,415 |
| 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 | $1,077,723 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,864,000 |
| Total liabilities | $8,856,232 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $2,280,137 |
| Paid-in or capital surplus, or land, building, or equipment fund | $2,813,878 |
| Retained earnings, endowment, accumulated income, or other funds | -$6,054,000 |
| Total liabilities and net assets/fund balances | $7,896,247 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Freire Charter School has recieved totaling $17,500.
| Awarding Organization | Amount |
|---|---|
Louis N Cassett Foundation Philadelphia, PA PURPOSE: TO FURTHER EXEMPT PURPOSE | $17,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Haverford School Haverford, PA | $200,207,536 | $63,658,264 |
Calhoun School Inc New York, NY | $66,556,667 | $39,561,327 |
Marion P Thomas Charter School Inc Newark, NJ | $17,560,259 | $37,041,604 |
Saint Davids School New York, NY | $170,289,488 | $33,366,978 |
Trustees Of Newark Academy Livingston, NJ | $113,328,907 | $35,913,632 |
Philadelphia Independent Mission Schools Philadelphia, PA | $39,191,945 | $38,175,969 |
Hewitt School New York, NY | $78,957,035 | $33,976,072 |
Lakewood Chedar School Lakewood, NJ | $43,735,740 | $33,402,068 |
Buckley School In The City Of New York New York, NY | $138,732,019 | $33,895,115 |
Bnos Bais Yaakov Of Far Rockaway Far Rockaway, NY | $26,507,044 | $28,668,399 |
City And Country School Inc New York, NY | $49,971,219 | $22,042,063 |
Golda Och Academy Inc West Orange, NJ | $16,688,223 | $21,390,950 |