Impact Charter School West
- Assets
- $31.6m
- Revenue
- $15.9m
- Investments
- $0.0
- Employees
- 151
- Location
- Philadelphia, PA
- Founding
- 08/2015
- Data as of
- 06/2022
- EIN
- 47-4364095
Organization Overview
Impact Charter School West is located in Philadelphia, PA. The organization was established in 2015. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Impact Charter School West employed 151 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Impact Charter School West 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, Impact Charter School West generated $15.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 71.5% each year . All expenses for the organization totaled $14.7m during the year ending 06/2022. While expenses have increased by 51.8% 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
INDEPENDENCE CHARTER SCHOOL WEST (ICS-WEST) IS A COMMUNITY-BASED K-7 PUBLIC CHARTER SCHOOL OF ACADEMIC EXCELLENCE, LOCATED IN SOUTH-WEST PHILADELPHIA AND SERVING A DIVERSE COMMUNITY OF LEARNERS. ICS-WEST PROVIDES AN INTELLECTUALLY-STIMULATING CURRICULUM WITH A GLOBAL FOCUS DESIGNED TO DEVELOP INDEPENDENT, THOUGHTFUL GLOBAL CITIZENS. WE EMPHASIZE SECOND LANGUAGE ACQUISITION AND INTEGRATE ARTS, IDEAS, AND HISTORIES FROM AROUND THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INDEPENDENCE CHARTER SCHOOL WEST (ICS-WEST) IS A COMMUNITY-BASED K-7PUBLIC CHARTER SCHOOL OF ACADEMIC EXCELLENCE, LOCATED IN SOUTH-WESTPHILADELPHIA AND SERVING A DIVERSE COMMUNITY OF LEARNERS. ICS-WESTPROVIDES AN INTELLECTUALLY-STIMULATING CIRRICULUM WITH A GLOBAL FOCUSDESIGNED TO DEVELOP INDEPENDENT, THOUGHTFUL, GLOBAL CITIZENS. WEEMPHASIZE SECOND LANGUAGE ACQUISITION AND INTEGRATE ARTS, IDEAS, ANDHISTORIES FROM AROUND THE WORLD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gloria Shabazz President & Treasurer | OfficerTrustee | 1 | $0 |
Dyana Reid Vice-President & Secretary | OfficerTrustee | 1 | $0 |
Khaliah Walker Board Member | Trustee | 1 | $0 |
Pedro Rodriguez Board Member | Trustee | 1 | $0 |
Jere Paolini Board Member-Resigned 10-7-21 | Trustee | 1 | $0 |
Tyesha Miley ESQ Board Member-Resigned 12-2-21 | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Linton's Managed Services Food Service Management | 6/29/22 | $427,230 |
Pediatric Therapeutic Services Staffing For Therapists And Related Serv | 6/29/22 | $411,445 |
Blum Usa Inc Equipment | 6/29/22 | $325,800 |
Spectrum Cleaning Services Inc Cleaning Services | 6/29/22 | $199,810 |
Therapy Source Inc Staffing For Therapists And Educators | 6/29/22 | $258,758 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,096,339 |
| 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 | $2,096,339 |
| Total Program Service Revenue | $12,525,382 |
| Investment income | $2,382 |
| 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 | $15,871,375 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,896,497 |
| Pension plan accruals and contributions | $284,947 |
| Other employee benefits | $895,587 |
| Payroll taxes | $501,934 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $90,725 |
| Fees for services: Accounting | $34,920 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,554,108 |
| Advertising and promotion | $89,061 |
| Office expenses | $423,584 |
| Information technology | $330,586 |
| Royalties | $0 |
| Occupancy | $1,725,996 |
| Travel | $41,250 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,185,000 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $166,139 |
| Insurance | $137,242 |
| All other expenses | $119,495 |
| Total functional expenses | $14,707,855 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,008,920 |
| Savings and temporary cash investments | $5,870,668 |
| Pledges and grants receivable | $1,208,319 |
| 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 | $114,869 |
| Net Land, buildings, and equipment | $626,811 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $22,810,566 |
| Other assets | $0 |
| Total assets | $31,640,153 |
| Accounts payable and accrued expenses | $494,382 |
| Grants payable | $0 |
| Deferred revenue | $129,764 |
| 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 | $25,631,988 |
| Total liabilities | $26,256,134 |
| Net assets without donor restrictions | $5,384,019 |
| 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 | $31,640,153 |