Byerschool Foundation
- Assets
- $17.9m
- Revenue
- $2.1m
- Investments
- $549.1k
- Employees
- 4
- Location
- Philadelphia, PA
- Founding
- 09/2001
- Data as of
- 06/2023
- EIN
- 25-1867607
Organization Overview
Byerschool Foundation is located in Philadelphia, PA. The organization was established in 2001. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2023, Byerschool Foundation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Byerschool Foundation 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, Byerschool Foundation generated $2.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $2.1m during the year ending 06/2023. While expenses have increased by 7.0% per year over the past 8 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
BYERSCHOOL FOUNDATION PROVIDES FINANCIAL SUPPORT AND GUIDANCE TO RUSSELL BYERS CHARTER SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BYERSCHOOL FOUNDATION PROVIDES FINANCIAL SUPPORT, GUIDANCE AND RAISES FUNDS TO SUPPORT RUSSELL BYERS CHARTER SCHOOL. IN ADDITION TO RAISING FUNDS TO SUPPORT THE EDUCATIONAL WORK OF THE RUSSELL BYERS CHARTER SCHOOL, THE BYERSCHOOL FOUNDATION OWNS THE BUILDING AND IS RESPONSIBLE FOR ALL CAPITAL REPAIRS. WE ALSO HOST EVENTS SUCH AS FOUNDERS DAY AND RAPPELLING OFF THE BUILDING FOR OUR OLDER STUDENTS TO BUILD THEIR CONFIDENCE. WE BUILD PARTNERSHIPS WITH OTHER ORGANIZATIONS SUCH AS OUTWARD BOUND AND BIG BROTHERS AND SISTERS TO ENGAGE OUR STUDENTS IN SUPPORTIVE WAYS. WE HAVE PROVIDED A BOOK OF STUDENT ART WORK FOCUSING ON PHILADELPHIA ICONS AND WE ARE ABOUT TO PUBLISH OUR SECOND EDITION. THE RUSSELL AND LAURADA BYERS OPPORTUNITY FUND PROVIDES GRANTS FOR STUDENTS TO PARTICIPATE IN OUT-OF-SCHOOL PROGRAMS PROVIDED BY MUSEUMS, UNIVERSITIES, CAMPS, OR NONPROFIT ORGANIZATIONS. THESE EXPERIENCES WILL HELP THEM "FIND THEIR VOICE" WHILE REINFORCING ACADEMIC CONTENT AND LIMITING LEARNING LOSS. FAMILIES WILL APPLY FOR THE GRANTS SO THEIR STUDENT(S) CAN ATTEND PROGRAMS THIS SUMMER, DURING THE 2021-2022 SCHOOL YEAR, AND BEYOND.FUNDED OPPORTUNITIES:" SUMMER CAMPS (GENERAL, SPECIALTY, OR SLEEP-AWAY)" SUMMER SCHOOL PROGRAMS" REMOTE ONLINE ACCESS TO SUMMER AND AFTER-SCHOOL PROGRAMSLAURADA BYERS "OURS FOR LIFE" FUND FOR ALUMNI AND GRADUATES PROVIDES ONGOING EDUCATIONAL ACHIEVEMENT SUPPORT FOR GRADUATES OF RUSSELL BYERS CHARTER SCHOOL. GOALS INCLUDE STAYING IN TOUCH WITH OUR GRADUATES, LEARNING OF THEIR SUCCESSES, AND SUPPORTING THEIR CONTINUING EDUCATION. THE "OURS FOR LIFE" FUND ALLOWS US TO SHARE ADDITIONAL RESOURCES WITH THESE GRADUATES AS THEY PURSUE THEIR LIFE GOALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laurada Byers Chair | OfficerTrustee | 1 | $0 |
Russell Byers Jr Board Member | Trustee | 1 | $0 |
Tj Hurst Board Member | Trustee | 1 | $0 |
David Kirchblum Board Member | Trustee | 1 | $0 |
Sandy Baxter Board Member | Trustee | 1 | $0 |
Sandy Horrocks President/ceo | OfficerTrustee | 20 | $65,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lor-mar | 6/29/21 | $716,176 |
Schindler Elevator Corp | 6/29/21 | $164,554 |
Bittenbender Construction Llp | 6/29/21 | $140,495 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $984,786 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $984,786 |
| Total Program Service Revenue | $1,010,845 |
| Investment income | $100,658 |
| 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 | $2,096,289 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $472,139 |
| Grants and other assistance to domestic individuals. | $71,843 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $65,000 |
| Compensation of current officers, directors, key employees. | $16,250 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $73,017 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $11,344 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $35,579 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,144 |
| Advertising and promotion | $0 |
| Office expenses | $8,748 |
| Information technology | $10,395 |
| Royalties | $0 |
| Occupancy | $36,666 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $720,942 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $467,753 |
| Insurance | $39,561 |
| All other expenses | $0 |
| Total functional expenses | $2,119,308 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,551,385 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,750 |
| 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 | $0 |
| Net Land, buildings, and equipment | $13,934,434 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $549,106 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,866,719 |
| Total assets | $17,907,394 |
| Accounts payable and accrued expenses | $277,979 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $15,566,073 |
| 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 | $0 |
| Total liabilities | $15,844,052 |
| Net assets without donor restrictions | $1,341,641 |
| Net assets with donor restrictions | $721,701 |
| 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 | $17,907,394 |