Mastery Prep Elementary

Organization Overview

Mastery Prep Elementary is located in Philadelphia, PA. The organization was established in 2019. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2023, Mastery Prep Elementary employed 77 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mastery Prep Elementary 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, Mastery Prep Elementary generated $10.7m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 23.4% each year . All expenses for the organization totaled $10.0m during the year ending 06/2023. While expenses have increased by 18.9% per year over the past 5 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

STUDENTS LEARN THE SKILLS NEEDED FOR POST-SECONDARY SUCCESS AND ARE ABLE TO PURSUE THEIR DREAMS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

MASTERY SCHOOLS INTEGRATES EDUCATIONAL BEST PRACTICES AND EFFECTIVE MANAGEMENT TO DRIVE STUDENT ACHIEVEMENT. OUR ACADEMIC STAFF IS OUTSTANDING AND RELENTLESSLY COMMITTED TO STUDENT ACHIEVEMENT AND CONTINUALLY IMPROVE THEIR CRAFT THROUGH HIGHLY-EFFECTIVE PROFESSIONAL DEVELOPMENT, COACHING, AND COLLABORATIVE SUPPORT. INSTRUCTION IS GROUNDED BY A COMMON PEDAGOGICAL VISION AND GUIDED BY RIGOROUS STANDARDS-BASED CURRICULA. WE ALIGN ASSESSMENTS TO CLEAR AND MEANINGFUL OBJECTIVES AND USE ASSESSMENT DATA TO TARGET AREAS OF NEED.MASTERY PREP ELEMENTARY CHARTER SCHOOL SERVES STUDENTS IN GRADES K-5.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Mastery Charter High School
Management And Technology Services
$870,736
Mastery Charter Schools Foundation
Rent
$300,000
Yale School Of Philadelphia Inc
Educational Services
$299,129
Cora Services Inc
Educational Services
$205,075
Elwyn Inc
Educational Services
$161,161
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $3,194,645
All other contributions, gifts, grants, and similar amounts not included above$11,482
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$3,206,127
Total Program Service Revenue$7,490,585
Investment income $44,389
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 $10,742,661

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