2024-05-02T06:41:44-05:00 2023-06-30 510229493 BARBACANE THORNTON & COMPANY LLP 503 CARR ROAD SUITE 100 WILMINGTON DE 19809 990 2022-07-01 232976339 YOUNG SCHOLARS CHARTER SCHOOL YOUN 2152329727 900 NORTH MARSHALL STREET PHILADELPHIA PA 19123 JOHN AMENDA EXECUTIVE DIRECTOR 2152329727 2024-05-02 JOHN AMENDA 999009999 0 STEVEN N KUTSUFLAKIS CPA P01563311 3024788940 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JOHN AMENDA 900 NORTH MARSHALL STREET PHILADELPHIA PA 19123 7358309 0 X WWW.PHILLYSCHOLARS.ORG X 1998 PA THE MISSION OF YOUNG SCHOLARS IS TO PROVIDE A PERSONALIZED MIDDLE SCHOOL EDUCATION THAT CHALLENGES, ENGAGES AND PREPARES ALL STUDENTS TO PASSIONATELY PURSUE THEIR DREAMS AND LEAD A LIFE OF ACTIVE CITIZENSHIP. 13 13 68 0 0 0 1726205 2241683 4714435 5073559 0 0 34091 43067 6474731 7358309 0 0 0 0 2931729 3942334 0 0 0 1923316 2581427 4855045 6523761 1619686 834548 2995373 3688528 2199401 2058008 795972 1630520 THE MISSION OF YOUNG SCHOLARS IS TO PROVIDE A PERSONALIZED MIDDLE SCHOOL EDUCATION THAT CHALLENGES, ENGAGES AND PREPARES ALL STUDENTS TO PASSIONATELY PURSUE THEIR DREAMS AND LEAD A LIFE OF ACTIVE CITIZENSHIP. 0 0 4786956 5116626 YOUNG SCHOLARS IS A MIDDLE SCHOOL, GRADES 6-8, WHICH USES A FOCUSED, PROGRESSIVE EDUCATIONAL APPROACH DESIGNED SPECIFICALLY TO CLOSE THE ACHIEVEMENT GAP FOR LOW-INCOME STUDENTS WHO ARE SEVERLY UNDER-PREPARED. 4786956 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 13 0 1 68 1 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 PA X MICHAEL WHISMAN CPA 2154819777 222 NORTH KESWICK AVE GLENSIDE PA 19038 WINSTON CHURCHILL BOARD CHAIR 2.00 X X 0 0 0 WAYNE B WEISMAN BOARD VICE CHAIR 2.00 X X 0 0 0 TOM REBAR TREASURER 2.00 X X 0 0 0 EMILY ASHE TRUSTEE 2.00 X 0 0 0 IRA BRIND TRUSTEE 2.00 X 0 0 0 JAMES BROWN TRUSTEE 2.00 X 0 0 0 DANA DAWANTWI TRUSTEE 2.00 X 0 0 0 BRODERICK HARRISON TRUSTEE 2.00 X 0 0 0 ESTHER KAPLIN TRUSTEE 2.00 X 0 0 0 VALERIE HANRATY TRUSTEE 2.00 X 0 0 0 GAIL SINGER TRUSTEE 2.00 X 0 0 0 JOSEPHINE WANG TRUSTEE 2.00 X 0 0 0 BONNIE YOUNG TRUSTEE 2.00 X 0 0 0 JOHN AMENDA CEO 40.00 X 217422 0 26786 SHAKIRA SMITH COO 40.00 X 119330 0 14005 REBECCA CHAZIN CHIEF OF STAFF 40.00 X 108836 0 34774 445588 0 75565 3 0 1 0 0 1819056 422627 2241683 PER PUPIL FUNDING 611600 4312830 4312830 MANAGEMENT FEES 611600 591485 591485 STATE SUBSIDIES 611600 149877 149877 STUDENT ACTIVITIES 611600 19367 19367 5073559 MISC REVENUE 611600 43067 43067 43067 7358309 5116626 0 0 549228 274614 274614 2891881 2824453 67428 -180551 -130451 -50100 431333 313225 118108 250443 230407 20036 89498 89498 119710 119710 613193 344523 268670 25017 25017 346519 18003 328516 183615 94793 88822 531463 478317 53146 7912 7912 77890 42633 35257 18699 18699 187910 187910 91474 91474 CIRRICULUM 288527 288527 6523761 4786956 1736805 0 2099669 2201085 447658 479389 257 78298 34910 97828 1313898 768149 254091 545749 158788 286179 2995373 3688528 305935 406697 1893466 1651311 2199401 2058008 X 0 0 213222 307371 582750 1323149 795972 1630520 2995373 3688528 834548 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 161142 58508 102634 814143 602219 211924 338613 107422 231191 545749 DEFERRED OUTFLOWS RELATED TO PENSION 99051 DEFERRED OUTFLOWS RELATED TO OPEB 5575 DUE FROM RELATED PARTY 181553 286179 DEFERRED INFLOWS RELATED TO PENSION 426812 NET PENSION LIABILITY 889000 DEFERRED INFLOWS RELATED TO OPEB 62121 NET OPEB LIABILITY 35000 LEASE LIABILITY 238378 1651311 X 7358309 0 7358309 0 7358309 6523761 0 6523761 0 6523761 PART X, LINE 2: THE SCHOOL IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND, THEREFORE, HAS NO PROVISION FOR FEDERAL INCOME TAXES. THE SCHOOL HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTIONS 509(A)(1) AND 170(B)(1)(A)(IV) OF THE INTERNAL REVENUE CODE. THE SCHOOL DID NOT ENGAGE IN ANY UNRELATED BUSINESS ACTIVITIES DURING THE FISCAL YEAR. MANAGEMENT BELIEVES MORE LIKELY THAN NOT THAT ITS TAX-EXEMPT STATUS AND TAX POSITIONS WILL BE SUSTAINED IF EXAMINED BY AUTHORITIES. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 0 SCHEDULE E, PART I, LINE 3 PUBLIC CHARTER SCHOOL LAW PROHIBITS DISCRIMINATION. AS A PUBLIC CHARTER SCHOOL, YOUNG SCHOLARS CHARTER SCHOOL IS EXEMPT FROM REV. PROC. 75-50. SCHEDULE E, PART I, LINE 6 YOUNG SCHOLARS PUBLIC CHARTER SCHOOL RECEIVES FEDERAL ASSISTANCE AND GOVERNMENTAL ASSISTANCE FROM THE COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF EDUCATION. LINE 7 - EXPLANATION OF RACIAL NONDISCRIMINATION COMPLIANCE: AS A PUBLIC CHARTER SCHOOL, YOUNG SCHOLARS CHARTER SCHOOL IS EXEMPT FROM REV. PROC. 75-50. X 0 0 0 0 0 0 0 0 0 JOHN AMENDA CEO 217422 0 0 0 0 0 0 0 0 0 217422 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS PREPARED BY AN OUTSIDE INDEPENDENT CPA FIRM BASED ON THE SCHOOL'S ANNUAL, INDEPENDENT AUDIT. THE 990 IS REVIEWED BY THE SCHOOL'S EXECUTIVE DIRECTOR PRIOR TO SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C ANY POTENTIAL CONFLICTS OF INTEREST IS BROUGHT BEFORE THE BOARD TO REVIEW ITS IM[ACT ON THE ORGANIZATION. IF THE IMPACT IS DEEMED TO BE SIGNIFICANT, AN APPROPRIATE ACTION TO REMOVE THE CONFLICT WILL BE DETERMINED. THE CEO FOLLOWS UP TO ENSURE FORMS ARE FILLED OUT AND SIGNED ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION B, LINE 15A THE CEO'S COMPENSATION IS REVIEWED BY THE FINANCE AND AUDIT COMMITTEE OF THE BOARD AS PART OF THE ANNUAL BUDGET REVIEW PROCESS AND PRESENTED TO THE BOARD FOR APPROVAL. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FRIENDS OF YOUNG SCHOLARS 900 N MARSHALL STREET PHILADELPHIA PA 19123 863568192 PROVIDES SUPPORT FOR THE YOUNG SCHOLARS CHARTER SCHOOL PA 501(C)(3) YOUNG SCHOLARS CHARTER SCHOOL 0 PAUL ROBESON CHARTER SCHOOL 643 INDIANA AVENUE TRENTON NJ 08638 CHARTER SCHOOL NJ ST-4 N/A 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 0 PAUL ROBESON CHARTER SCHOOL O 591485 ACTUAL CASH AMOUNT FRIENDS OF YOUNG SCHOLARS K 281310 ACTUAL CASH AMOUNT