Memphis Street Academy Charter School At J P Jones
- Assets
- $13.2m
- Revenue
- $11.6m
- Investments
- $0.0
- Employees
- 85
- Location
- Philadelphia, PA
- Founding
- 01/2014
- Data as of
- 06/2022
- 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 06/2022, Memphis Street Academy Charter School At J P Jones employed 85 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 06/2022, Memphis Street Academy Charter School At J P Jones generated $11.6m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $10.8m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.6%) per year over the past 7 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
2022
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
CHARTER SCHOOL
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 |
|---|---|---|---|
Naimah Wimberly CEO | Officer | 40 | $160,282 |
Amanda Hill Principal | 40 | $134,083 | |
Barbara Saunders Vice President | Trustee | 1 | $0 |
Sandra Farmer President | Trustee | 1 | $0 |
Michelle Campellone Treasurer | Trustee | 1 | $0 |
Anita Vega-Kaiser Secretary | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bsi Construction Llc Construction | 6/29/22 | $103,920 |
Intelligent Networks Tech Support | 6/29/22 | $123,650 |
Education Plus Nursing Services | 6/29/22 | $113,354 |
Kaleidoscope Family Solutions Inc Special Education St | 6/29/22 | $142,617 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,517,622 |
| All other contributions, gifts, grants, and similar amounts not included above | $20 |
| Noncash contributions included in lines 1a–1f | $36,618 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,517,642 |
| Total Program Service Revenue | $8,775,007 |
| Investment income | $244 |
| 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 | $11,564,460 |
| 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. | $236,260 |
| Compensation of current officers, directors, key employees. | $55,868 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,113,433 |
| Pension plan accruals and contributions | -$252,458 |
| Other employee benefits | $853,899 |
| Payroll taxes | $402,642 |
| Fees for services: Management | $699,510 |
| Fees for services: Legal | $147,821 |
| Fees for services: Accounting | $25,245 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $874,110 |
| Advertising and promotion | $2,233 |
| Office expenses | $390,790 |
| Information technology | $284,563 |
| Royalties | $0 |
| Occupancy | $609,789 |
| Travel | $8,368 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,970 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $783,885 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $10,818,746 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $952,802 |
| Savings and temporary cash investments | $2,444,234 |
| Pledges and grants receivable | $655,842 |
| Accounts receivable, net | $8,604 |
| 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 | $242,016 |
| Net Land, buildings, and equipment | $7,758,234 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,179,363 |
| Total assets | $13,241,095 |
| Accounts payable and accrued expenses | $1,052,926 |
| Grants payable | $0 |
| Deferred revenue | $354,127 |
| 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 | $10,593,000 |
| Total liabilities | $12,000,053 |
| Net assets without donor restrictions | $1,241,042 |
| 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 | $13,241,095 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Memphis Street Academy Charter School At J P Jones has recieved totaling $80,544.
| Awarding Organization | Amount |
|---|---|
Elevate 215 Philadelphia, PA PURPOSE: Chromebooks | $80,544 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Hill School Pottstown, PA | $339,549,890 | $89,638,080 |
Regents Of The Mercersburg College Mercersburg, PA | $535,140,744 | $49,172,082 |
Gilman School Inc Baltimore, MD | $238,892,271 | $38,036,593 |
Blair Academy Blairstown, NJ | $256,075,147 | $54,316,334 |
Holton-Arms School Inc Bethesda, MD | $133,918,121 | $38,119,997 |
Western Reserve Academy Hudson, OH | $203,998,204 | $58,141,913 |
The Seven Hills Schools Cincinnati, OH | $111,206,150 | $34,365,521 |
Morristown-Beard School Morristown, NJ | $71,175,267 | $35,071,625 |
Pennington School Pennington, NJ | $95,126,184 | $33,377,887 |
St Andrews Episcopal School Inc Potomac, MD | $83,174,031 | $30,817,454 |
St Andrews School Of Delaware Inc Middletown, DE | $398,873,444 | $32,788,416 |
Malvern Preparatory School Malvern, PA | $76,971,760 | $36,046,304 |