Chester Charter Scholars Academy
- Assets
- $42.4m
- Revenue
- $14.1m
- Investments
- $0.0
- Employees
- 120
- Location
- Chester, PA
- Founding
- 09/2013
- Data as of
- 06/2022
- EIN
- 45-5246479
Organization Overview
Chester Charter Scholars Academy is located in Chester, PA. The organization was established in 2013. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 06/2022, Chester Charter Scholars Academy employed 120 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chester Charter Scholars Academy 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, Chester Charter Scholars Academy generated $14.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.6% each year . All expenses for the organization totaled $12.7m during the year ending 06/2022. While expenses have increased by 12.9% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
CHESTER CHARTER SCHOLARS ACADEMY PREPARES CHILDREN TO EMPLOY THEIR INTELLECTUAL & CREATIVE POWERS TO ENRICH THEIR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Akosua Watts CEO | Officer | 50 | $160,027 |
Amanda Kennedy Trustee | Trustee | 2 | $0 |
Marilyn Henkelman Vice President | Trustee | 1 | $0 |
Zachary Oberfield Trustee | Trustee | 2 | $0 |
Donald Delson President | Trustee | 1 | $0 |
Judith Owen Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Elite Facility Services Cleaning Svcs. | 6/29/22 | $148,237 |
Lintons Managed Services Food Service | 6/29/22 | $455,291 |
Savvas Learning Co Llc Digital Learning Solution | 6/29/22 | $129,749 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,558,617 |
| All other contributions, gifts, grants, and similar amounts not included above | $600,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,158,617 |
| Total Program Service Revenue | $9,926,786 |
| Investment income | $12,333 |
| 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 | $14,097,736 |
| 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. | $160,000 |
| Compensation of current officers, directors, key employees. | $160,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,000,615 |
| Pension plan accruals and contributions | $228,151 |
| Other employee benefits | $875,846 |
| Payroll taxes | $394,525 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $64,342 |
| Fees for services: Accounting | $129,861 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $358 |
| Office expenses | $0 |
| Information technology | $177,497 |
| Royalties | $0 |
| Occupancy | $557,619 |
| Travel | $90,018 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,385,754 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,422,841 |
| Insurance | $73,397 |
| All other expenses | $879,626 |
| Total functional expenses | $12,719,846 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,020,931 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,583,342 |
| Accounts receivable, net | $754,566 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $612,500 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $72,932 |
| Net Land, buildings, and equipment | $2,257,315 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $28,119,115 |
| Other assets | $0 |
| Total assets | $42,420,701 |
| Accounts payable and accrued expenses | $1,739,093 |
| Grants payable | $0 |
| Deferred revenue | $13,849 |
| 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 | $30,436,132 |
| Total liabilities | $32,189,074 |
| Net assets without donor restrictions | $10,231,627 |
| 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 | $42,420,701 |