Deep Roots Charter School
- Assets
- $7.3m
- Revenue
- $8.3m
- Investments
- $0.0
- Employees
- 71
- Location
- Philadelphia, PA
- Founding
- 07/2018
- Data as of
- 06/2022
- EIN
- 82-1969704
Organization Overview
Deep Roots Charter School is located in Philadelphia, PA. The organization was established in 2018. 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, Deep Roots Charter School employed 71 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Deep Roots 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, Deep Roots Charter School generated $8.3m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 28.9% each year . All expenses for the organization totaled $6.9m during the year ending 06/2022. While expenses have increased by 19.0% per year over the past 3 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
TO TEACH DISCIPLINED LEARNERS AND TO EMPOWER THEM TO GROW AND SERVE IN THEIR COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEEP ROOTS CHARTER SCHOOL'S MISSION IS TO TEACH DISCIPLINED LEARNERS AND BEYOND. DEEP ROOTS CHARTER SCHOOL IS AN ACTIVELY ANTIRACIST AND INCLUSIVE ORGANIZATION. WE SERVE ALL STUDENTS, SUPPORT ALL FAMILIES, AND ADVOCATE FOR OUR COMMUNITIES. OUR LEARNERS AND TEAM WILL DISCOVER THEIR PURPOSE, POTENTIAL AND ACTIVELY WORK TO DISMANTLE BARRIERS WITH AND BEYOND OUR WALLS. AT FULL GROWTH, DEEP ROOTS WILL SERVE 370 K-5 STUDENTS IN THE KENSINGTON/HARROWGATE NEIGHBORHOODS OF PHILADELPHIA. DEEP ROOTS HAS PROVIDED SERVICE TO STUDENTS IN PHILADELPHIA SINCE 2018.FOR FY22, THE SCHOOL PRIMARILY RELIED ON IN-PERSON INSTRUCTION BUT WAS AT TIMES FORCED TO EMPLOY A HYBRID APPROACH, BASED ON SCHOOL DISTRICT GUIDANCE AND COVID CONDITIONS. THE SCHOOL ALSO UTILIZED FEDERAL ELEMENTARY AND SECONDARY SCHOOL EMERGENCY RELIEF (ESSER) FUNDING THAT WAS RECEIVED VIA THE PENNSYLVANIA DEPARTMENT OF EDUCATION WITH THE INTENTION OF OFFSETTING COVID-RELATED COSTS AND MITIGATING LEARNING LOSS STEMMING FROM THE PANDEMIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Justin Harper Chair | OfficerTrustee | 2 | $0 |
Ann Mcketta Secretary | OfficerTrustee | 2 | $0 |
Adonis Banegas Treasurer | OfficerTrustee | 2 | $0 |
Rob Burns Member | Trustee | 2 | $0 |
Gwen Bailey Member | Trustee | 2 | $0 |
Victoria Sipes Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mandrel Construction Maintenance & Repairs | 6/29/22 | $796,043 |
Cora Services Inc Special Ed/psych Support Services | 6/29/22 | $192,326 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,809,876 |
| All other contributions, gifts, grants, and similar amounts not included above | $119,887 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,929,763 |
| Total Program Service Revenue | $5,307,785 |
| Investment income | $0 |
| 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 | $8,266,316 |
| 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. | $317,394 |
| Compensation of current officers, directors, key employees. | $317,394 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,095,727 |
| Pension plan accruals and contributions | $125,775 |
| Other employee benefits | $434,010 |
| Payroll taxes | $249,453 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $54,049 |
| Fees for services: Accounting | $32,130 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $954,720 |
| Advertising and promotion | $3,427 |
| Office expenses | $46,307 |
| Information technology | $194,625 |
| Royalties | $0 |
| Occupancy | $385,973 |
| Travel | $361 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $120,334 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $495,780 |
| Insurance | $44,782 |
| All other expenses | $6,777 |
| Total functional expenses | $6,945,830 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $614,259 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,170,558 |
| 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 | $68,414 |
| Net Land, buildings, and equipment | $5,398,763 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,500 |
| Total assets | $7,264,494 |
| Accounts payable and accrued expenses | $339,379 |
| Grants payable | $0 |
| Deferred revenue | $55,444 |
| 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 | $438,602 |
| Other liabilities | $3,628,418 |
| Total liabilities | $4,461,843 |
| Net assets without donor restrictions | $2,802,651 |
| 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 | $7,264,494 |