Tech Freire Charter School
- Assets
- $18.2m
- Revenue
- $9.9m
- Investments
- $0.0
- Employees
- 88
- Location
- Philadelphia, PA
- Founding
- 03/2016
- Data as of
- 06/2022
- EIN
- 47-3965219
Organization Overview
Tech Freire Charter School is located in Philadelphia, PA. The organization was established in 2016. 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, Tech Freire Charter School employed 88 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tech Freire 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, Tech Freire Charter School generated $9.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 41.4% each year . All expenses for the organization totaled $10.0m during the year ending 06/2022. 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
THE MISSION OF TECH FREIRE CHARTER SCHOOL IS TO PROVIDE A COLLEGE-PREPARATORY LEARNING EXPERIENCE SPECIALIZING IN COMPUTER SCIENCE AND ENTREPRENEURSHIP WITH A FOCUS ON REAL-WORLD LEARNING, CRITICAL THINKING, AND PROBLEM SOLVING IN AN ENVIRONMENT THAT EMPHASIZES THE VALUES OF COMMUNITY, TEAMWORK, AND COMMITMENT TO PEACE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TECH FREIRE CHARTER SCHOOL PROVIDES A RIGOROUS EDUCATION IN A SAFE, CREATIVE, AND SUPPORTIVE ENVIRONMENT THAT ENABLES AND INSPIRES ALL STUDENTS TO ACHIEVE. WE SERVE APPROXIMATELY 500 STUDENTS IN GRADES 9-12.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Brinkman Treasurer | OfficerTrustee | 1 | $0 |
Dawn Eubanks Secretary | Trustee | 1 | $0 |
Bruce Lesser Vice Chair | OfficerTrustee | 1 | $0 |
Bruce Levine Director | Trustee | 1 | $0 |
Scott Solomon Chair | OfficerTrustee | 1 | $0 |
Anthony Royster Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Freire Schools Collaborative Charter Support Services | 6/29/22 | $995,112 |
Clean Tech Services Inc Custodial Services | 6/29/22 | $194,276 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,147,363 |
| All other contributions, gifts, grants, and similar amounts not included above | $196,783 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,344,146 |
| Total Program Service Revenue | $7,576,393 |
| Investment income | $217 |
| 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 | $9,920,756 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,274,474 |
| Pension plan accruals and contributions | $213,195 |
| Other employee benefits | $781,659 |
| Payroll taxes | $359,301 |
| Fees for services: Management | $818,562 |
| Fees for services: Legal | $28,012 |
| Fees for services: Accounting | $24,902 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $454,777 |
| Advertising and promotion | $250 |
| Office expenses | $71,062 |
| Information technology | $367,880 |
| Royalties | $0 |
| Occupancy | $360,069 |
| Travel | $145,440 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $769,361 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $691,892 |
| Insurance | $81,274 |
| All other expenses | $0 |
| Total functional expenses | $10,018,776 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,152,551 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $311,209 |
| 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 | $58,550 |
| Net Land, buildings, and equipment | $2,038,487 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,628,869 |
| Total assets | $18,189,666 |
| Accounts payable and accrued expenses | $485,653 |
| Grants payable | $0 |
| Deferred revenue | $113,602 |
| 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 | $14,010,255 |
| Total liabilities | $14,609,510 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $1,721,022 |
| Paid-in or capital surplus, or land, building, or equipment fund | $1,859,134 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $18,189,666 |