Spectrum Charter School Inc
- Assets
- $1.7m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 15
- Location
- Monroeville, PA
- Founding
- 05/2000
- Data as of
- 06/2023
- EIN
- 25-1838579
Organization Overview
Spectrum Charter School Inc is located in Monroeville, PA. The organization was established in 2000. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2023, Spectrum Charter School Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Spectrum Charter School Inc 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 06/2023, Spectrum Charter School Inc generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 11.2% each year . All expenses for the organization totaled $1.5m during the year ending 06/2023. While expenses have increased by 7.0% per year over the past 4 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
CHARTER SCHOOL- OUR MISSION IS TO PROVIDE A LIFE CHANGING ENVIROMENT WHERE STUDENTS AND THEIR FAMILIES FEEL SAFE, COMFORTABLE, AND ACHIEVE THEIR HIGHEST POTENTIAL. WE ENVISION EVERY CHILD BEING EDUCATED, WITH SKILLS
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPECTRUM CHARTER SCHOOL IS A CHARTER SCHOOL GRANTED BY THE GATEWAY S/D. THE SCHOOL SERVES APPROXIMATELY 45 STUDENTS FROM ALLEGHENY AND WESTMORELAND COUNTIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Bain Vice President | OfficerTrustee | 2 | $0 |
Dorice Tharp Treasurer, Secretary | OfficerTrustee | 2 | $0 |
Ellen Szczerba Member | OfficerTrustee | 2 | $0 |
Michele Gutman President | OfficerTrustee | 2 | $0 |
Arleen Wheat Member | Trustee | 2 | $0 |
Tammy Goda Member - Joined April 2023 | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $51,596 |
| All other contributions, gifts, grants, and similar amounts not included above | $17,839 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $69,435 |
| Total Program Service Revenue | $1,648,464 |
| Investment income | $10,087 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,300 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,871,369 |
| 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. | $100,000 |
| Compensation of current officers, directors, key employees. | $15,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $500,590 |
| Pension plan accruals and contributions | $114,238 |
| Other employee benefits | $149,688 |
| Payroll taxes | $37,702 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,640 |
| Fees for services: Accounting | $53,258 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $20,748 |
| Office expenses | $3,643 |
| Information technology | $17,704 |
| Royalties | $0 |
| Occupancy | $55,692 |
| Travel | $563 |
| 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 | $29,646 |
| Insurance | $31,045 |
| All other expenses | $41,411 |
| Total functional expenses | $1,479,462 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $946,841 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $68,989 |
| 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 | $133,575 |
| Net Land, buildings, and equipment | $584,984 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,734,389 |
| Accounts payable and accrued expenses | $64,237 |
| 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 | $976,000 |
| Total liabilities | $1,040,237 |
| 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 | $584,984 |
| Retained earnings, endowment, accumulated income, or other funds | $109,168 |
| Total liabilities and net assets/fund balances | $1,734,389 |