Memphis Street Academy Charter School At J P Jones
- Assets
- $13.4m
- Revenue
- $11.8m
- Investments
- $0.0
- Employees
- 95
- Location
- Philadelphia, PA
- Founding
- 01/2014
- Data as of
- 06/2023
- EIN
- 45-5441135
Organization Overview
Memphis Street Academy Charter School At J P Jones is located in Philadelphia, PA. The organization was established in 2014. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2023, Memphis Street Academy Charter School At J P Jones employed 95 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Memphis Street Academy Charter School At J P Jones 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, Memphis Street Academy Charter School At J P Jones generated $11.8m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $10.5m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (1.8%) per year over the past 8 years. 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
TO ENHANCE, SUPPORT AND PROMOTE CRITICAL THINKING AND THE PROBLEM SOLVING SKILLS OF ITS SCHOOL-AGE LEARNERS AS THEY MASTER AND EXCEED PA AND NATIONAL EDUCATION STANDARDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MSA WILL TRANSFORM THE LEARNING ENVIRONMENT FOR ITS SCHOLARS IN GRADES 5 THROUGH 8 - WHO NOT ONLY RESIDE IN THE CATCHMENT AREA OF THE SCHOOL, BUT WHO ALSO COMPRISE A DIVERSE LEARNING BODY FROM ALL OVER THE CITY OF PHILADELPHIA, AND FROM ALL ETHNIC, RELIGIOUS, AND CULTURAL BACKGROUNDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven M Bilski Ceo/principal | Officer | 40 | $129,955 |
Darrien Peoples Asst.principal Of Climate & Cu | 40 | $102,685 | |
Ronda Richman Assistant Principal | 40 | $109,287 | |
Catherine M Blumenstock Assistant Principal | 40 | $107,125 | |
Sandra Farmer President | OfficerTrustee | 1 | $0 |
Barbara Saunders Vice President | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Atx Learning Llc Education Svcs. | 6/29/23 | $178,049 |
Education Plus Inc Tutoring | 6/29/23 | $102,491 |
Intelligent Networks Inc It Services | 6/29/23 | $146,400 |
Sand And Saidel Pc Legal | 6/29/23 | $201,337 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,354,747 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $39,824 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,354,747 |
| Total Program Service Revenue | $8,224,214 |
| Investment income | $1,860 |
| 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 | $11,794,499 |
| 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. | $227,031 |
| Compensation of current officers, directors, key employees. | $41,579 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,769,946 |
| Pension plan accruals and contributions | -$484,578 |
| Other employee benefits | $723,157 |
| Payroll taxes | $383,736 |
| Fees for services: Management | $657,937 |
| Fees for services: Legal | $605,434 |
| Fees for services: Accounting | $27,518 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $875,974 |
| Advertising and promotion | $4,780 |
| Office expenses | $288,395 |
| Information technology | $240,350 |
| Royalties | $0 |
| Occupancy | $593,044 |
| Travel | $9,076 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,148 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $620,782 |
| Insurance | $149,163 |
| All other expenses | $0 |
| Total functional expenses | $10,491,200 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,343,733 |
| Savings and temporary cash investments | $2,446,094 |
| Pledges and grants receivable | $1,114,396 |
| Accounts receivable, net | $0 |
| 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 | $247,662 |
| Net Land, buildings, and equipment | $7,297,849 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $964,790 |
| Total assets | $13,414,524 |
| Accounts payable and accrued expenses | $1,226,721 |
| Grants payable | $0 |
| Deferred revenue | $475,462 |
| 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 | $9,168,000 |
| Total liabilities | $10,870,183 |
| Net assets without donor restrictions | $2,544,341 |
| 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 | $13,414,524 |