Sugar Valley Rural Charter School
- Assets
- $20.2m
- Revenue
- $10.4m
- Investments
- $0.0
- Employees
- 131
- Location
- Loganton, PA
- Founding
- 11/2002
- Data as of
- 06/2024
- EIN
- 23-3014365
Organization Overview
Sugar Valley Rural Charter School is located in Loganton, PA. The organization was established in 2002. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2024, Sugar Valley Rural Charter School employed 131 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sugar Valley Rural 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 06/2024, Sugar Valley Rural Charter School generated $10.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $9.8m during the year ending 06/2024. While expenses have increased by 6.6% 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SCHOOL IS OPERATED AS A COMMONWEALTH OF PA CHARTER SCHOOL FOR EDUCATION OF STUDENTS GRADES K THROUGH 12. THE SCHOOL IS ALSO OPERATED TO INCREASE AWARENESS OF EDUCATIONAL OPPORTUNITIES IN THE AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeremy Rossman Board Member & Employee | Trustee | 40 | $67,673 |
Sonya Downing Board Member & Employee | Trustee | 40 | $47,551 |
Sandra Gaverick Director & Employee | Trustee | 5 | $2,260 |
Alicia Albright Board Member & Employee | Trustee | 40 | $49,950 |
Andrea Meixel Board Member | Trustee | 5 | $0 |
William Hoey Board Member | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hoffman Leakey Architects Llc Design & Engineeri | 6/29/21 | $526,181 |
Lobar Inc Construction Contr | 6/29/21 | $149,145 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,503,350 |
| All other contributions, gifts, grants, and similar amounts not included above | $118,191 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,621,541 |
| Total Program Service Revenue | $8,570,570 |
| Investment income | $225,569 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$9,529 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,408,151 |
| 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. | $366,323 |
| Compensation of current officers, directors, key employees. | $153,567 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,044,996 |
| Pension plan accruals and contributions | $1,401,407 |
| Other employee benefits | $1,411,845 |
| Payroll taxes | $385,360 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $55,181 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,896 |
| Office expenses | $0 |
| Information technology | $102,079 |
| Royalties | $0 |
| Occupancy | $81,059 |
| Travel | $22,852 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $186,645 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $408,433 |
| Insurance | $91,940 |
| All other expenses | $7,839 |
| Total functional expenses | $9,766,409 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,493,294 |
| Pledges and grants receivable | $158,607 |
| Accounts receivable, net | $186,272 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,563 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $12,031,313 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,326,665 |
| Total assets | $20,202,714 |
| Accounts payable and accrued expenses | $1,238,284 |
| Grants payable | $0 |
| Deferred revenue | $22,914 |
| 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 | $4,945,557 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $13,823,443 |
| Total liabilities | $20,030,198 |
| 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 | $7,011,886 |
| Retained earnings, endowment, accumulated income, or other funds | -$6,839,370 |
| Total liabilities and net assets/fund balances | $20,202,714 |