Belmont Charter School
- Assets
- $6.9m
- Revenue
- $21.0m
- Investments
- $0.0
- Employees
- 233
- Location
- Philadelphia, PA
- Founding
- 04/2003
- Data as of
- 06/2022
- EIN
- 37-1437182
Organization Overview
Belmont Charter School is located in Philadelphia, PA. The organization was established in 2003. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2022, Belmont Charter School employed 233 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Belmont 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, Belmont Charter School generated $21.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.9% each year . All expenses for the organization totaled $18.7m during the year ending 06/2022. While expenses have increased by 9.7% 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
OPERATION OF CHARTER SCHOOL
Describe the Organization's Program Activity:
Part 3 - Line 4a
BELMONT CHARTER SCHOOL IS AN INDEPENDENT CHARTER SCHOOL WHO PROVIDES EDUCATION WITH UNIQUE SUPPORT TO FACILITATE THIS GOAL.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Faustman CEO | Officer | 40 | $138,000 |
Michael Karp President | Trustee | 5 | $0 |
Leslie Convey Secretary | Trustee | 1 | $0 |
Alice Gibbs Board Member | Trustee | 1 | $0 |
Lisa Kaminsky Board Member | Trustee | 1 | $0 |
Dominique Reiff Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cdw Govt Inc Technology Products | 6/29/22 | $387,830 |
Invo Health Care Assoc Instructional Svcs. | 6/29/22 | $496,097 |
Education Plus Health Nursing Services | 6/29/22 | $207,972 |
Acsa Employee Benefits Provide | 6/29/22 | $1,460,896 |
Community Education Alliance Management Fees | 6/29/22 | $907,929 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,649,913 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,649,913 |
| Total Program Service Revenue | $16,358,441 |
| 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 | $21,008,354 |
| 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. | $161,431 |
| Compensation of current officers, directors, key employees. | $161,431 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,672,549 |
| Pension plan accruals and contributions | -$592,143 |
| Other employee benefits | $1,136,535 |
| Payroll taxes | $791,283 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $46,628 |
| Fees for services: Accounting | $17,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $57,288 |
| Advertising and promotion | $49,676 |
| Office expenses | $1,863 |
| Information technology | $17,603 |
| Royalties | $0 |
| Occupancy | $725,956 |
| Travel | $6,594 |
| 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 | $204,176 |
| Insurance | $0 |
| All other expenses | $2,101,172 |
| Total functional expenses | $18,683,403 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,212,362 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,131,720 |
| Accounts receivable, net | $773 |
| 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 | $55,577 |
| Net Land, buildings, and equipment | $1,286,249 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,235,658 |
| Total assets | $6,922,339 |
| Accounts payable and accrued expenses | $3,164,666 |
| Grants payable | $0 |
| Deferred revenue | $583,781 |
| 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 | $34,081 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,301,939 |
| Total liabilities | $11,084,467 |
| Net assets without donor restrictions | -$4,162,128 |
| 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 | $6,922,339 |