MASTERY CHARTER SCHOOLS FOUNDATION: Form 990, tax year 2017
View the entire original 990 at ProPublica ↗
- Organization
- MASTERY CHARTER SCHOOLS FOUNDATION (EIN 20-5593485)
- Tax period
- 2017-07-01 to 2018-06-30
- Filed
- 2019-05-22
- IRS object ID
- 201921429349301962
- Schema version
- 2017v2.3
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule I
- Schedule O
- Schedule R
- Reasonable Cause Explanation
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2019-05-22T18:03:31-05:00 | ReturnTs |
| Tax Period End | 2018-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 272001590 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | J Miller & Associates LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1617 John F Kennedy Blvd Suite 1010 | AddressLine1Txt |
| City | Philadelphia | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 19103 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2017-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 205593485 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Mastery Charter Schools Foundation | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | MAST | BusinessNameControlTxt |
| Phone | 2159221902 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5700 Wayne Avenue | AddressLine1Txt |
| City | Philadelphia | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 19144 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Stephen Cohn | PersonNm |
| Person Title | President | PersonTitleTxt |
| Phone | 2159221902 | PhoneNum |
| Signature | 2019-05-22 | SignatureDt |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Joyce Miller | PreparerPersonNm |
| PTIN | P00047160 | PTIN |
| Phone | 2156001701 | PhoneNum |
| Preparation | 2019-05-22 | PreparationDt |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 73.233.95.8 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2019-05-22 | IPDt |
| IP Tm | 18:03:29 | IPTm |
| IP Timezone | ED | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 561ED4B33283B002E2C3B269A027F0DE46D4ED9A | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2017 | TaxYr |
| Build TS | 2019-02-21 02:37:17Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | Stephen Cohn | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5700 Wayne Avenue | AddressLine1Txt |
| City | Philadelphia | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 19144 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $17,237,826 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | www.masterycharter.org | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2006 | FormationYr |
| Legal Domicile State | PA | LegalDomicileStateCd |
| Activity Or Mission | To develop and provide financial support for the Mastery network of charter schools. | ActivityOrMissionDesc |
| Voting Members Governing Body | 3 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 3 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Volunteers | 3 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $11,113,275 | PYContributionsGrantsAmt |
| CY Contributions Grants | $11,108,462 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $0 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| PY Investment Income | $2,618,637 | PYInvestmentIncomeAmt |
| CY Investment Income | $5,545,949 | CYInvestmentIncomeAmt |
| PY Other Revenue | $107,602 | PYOtherRevenueAmt |
| CY Other Revenue | $451,940 | CYOtherRevenueAmt |
| PY Total Revenue | $13,839,514 | PYTotalRevenueAmt |
| CY Total Revenue | $17,106,351 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $6,290,041 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $4,541,226 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $0 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $0 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $1,476,783 | PYOtherExpensesAmt |
| CY Other Expenses | $3,764,423 | CYOtherExpensesAmt |
| PY Total Expenses | $7,766,824 | PYTotalExpensesAmt |
| CY Total Expenses | $8,305,649 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $6,072,690 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $8,800,702 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $102,203,851 | TotalAssetsBOYAmt |
| Total Assets EOY | $107,135,347 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $77,081,228 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $73,212,022 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $25,122,623 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $33,923,325 | NetAssetsOrFundBalancesEOYAmt |
| Mission | Mastery Charter Schools Foundation is a nonprofit charitable foundation organized to develop and provide support to Mastery Charter Schools' educational programs in Philadelphia, PA and Camden, NJ | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $8,218,973 | ExpenseAmt |
| Grant | $4,541,226 | GrantAmt |
| Desc | Mastery Charter Schools Foundation will drive educational reform by supporting the academic and operational programs of Mastery Charter Schools. | Desc |
| Total Program Service Expenses | $8,218,973 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | 0 | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (1) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | 0 | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | Yes (1) | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 0 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 0 | EmployeeCnt |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 3 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 3 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | 0 | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | PA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NJ | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | J Miller & Associates LLC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2156001701 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1617 John F Kennedy Blvd | AddressLine1Txt |
| City | Philadelphia | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 19103 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | Yes (X) | NoListedPersonsCompensatedInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (3 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|
| Stephen Cohn | ||||||
| President | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| Edward Baumstein | ||||||
| Treasurer | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| Brook J Lenfest | ||||||
| Board Member | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $0 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $0 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 0 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | 0 | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (2 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| Skanska USA Building Inc | |||||
| 518 E Township Line Road | Blue Bell | PA | 19422 | Construction | $9,767,007 |
| Northstar Owners Representation | |||||
| 150 North Radnor Chester Road Ste B | Radnor | PA | 19087 | Construction management services | $113,376 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 2 | CntrctRcvdGreaterThan100KCnt |
| All Other Contributions | $11,108,462 | AllOtherContributionsAmt |
| Total Contributions | $11,108,462 | TotalContributionsAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $5,545,949 | TotalRevenueColumnAmt |
| Exclusion | $5,545,949 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $331,440 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $131,475 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $199,965 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $199,965 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $199,965 | RelatedOrExemptFuncIncomeAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| Forgiveness of debt | 900099 | $250,000 | $250,000 |
| Loan origination fees | 900099 | $1,975 | $1,975 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $251,975 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $17,106,351 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $451,940 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $5,545,949 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,517,226 | TotalAmt |
| Program Services | $4,517,226 | ProgramServicesAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $24,000 | TotalAmt |
| Program Services | $24,000 | ProgramServicesAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $49,363 | TotalAmt |
| Management And General | $49,363 | ManagementAndGeneralAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,675,528 | TotalAmt |
| Program Services | $3,675,528 | ProgramServicesAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $33,985 | TotalAmt |
| Management And General | $33,985 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (2 entries)
| DescDesc | TotalTotalAmt | Management And GeneralManagementAndGeneralAmt | Program ServicesProgramServicesAmt |
|---|---|---|---|
| Bank fees | $3,328 | $3,328 | |
| Community engagement | $2,219 | $2,219 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,305,649 | TotalAmt |
| Program Services | $8,218,973 | ProgramServicesAmt |
| Management And General | $86,676 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,252,450 | BOYAmt |
| EOY | $5,966,541 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,933,360 | BOYAmt |
| EOY | $4,988,318 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $845,925 | BOYAmt |
| EOY | $1,202,283 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $17,131,826 | BOYAmt |
| EOY | $16,563,228 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,171 | BOYAmt |
| EOY | $1,897 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $13,122,779 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $339,039 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,598,436 | BOYAmt |
| EOY | $12,783,740 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $9,875,219 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $56,428,683 | BOYAmt |
| EOY | $55,754,121 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $102,203,851 | BOYAmt |
| EOY | $107,135,347 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,586,642 | BOYAmt |
| EOY | $106,209 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $762,375 | BOYAmt |
| EOY | $1,589,273 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $62,055,000 | BOYAmt |
| EOY | $61,443,042 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,900,000 | BOYAmt |
| EOY | $9,128,164 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $777,211 | BOYAmt |
| EOY | $945,334 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $77,081,228 | BOYAmt |
| EOY | $73,212,022 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,685,552 | BOYAmt |
| EOY | $17,115,531 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $18,437,071 | BOYAmt |
| EOY | $15,807,794 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $1,000,000 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $25,122,623 | BOYAmt |
| EOY | $33,923,325 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $102,203,851 | BOYAmt |
| EOY | $107,135,347 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $8,800,702 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | 0 | FSAuditedInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $11,970,151 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $8,275,545 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $4,476,134 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $9,738,108 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $11,108,462 | CurrentTaxYearAmt |
| Total | $45,568,400 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $11,970,151 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $8,275,545 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $4,476,134 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $9,738,108 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $11,108,462 | CurrentTaxYearAmt |
| Total | $45,568,400 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $18,061,120 | SubstantialContributorsTotAmt |
| Public Support Total170 | $27,507,280 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $42,056 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $25,048 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,170,276 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $2,618,637 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $5,545,949 | CurrentTaxYearAmt |
| Total | $9,401,966 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus1 Year | $156 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $251,875 | CurrentTaxYearAmt |
| Total | $252,031 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $55,222,397 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $994,320 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.49810 | PublicSupportCY170Pct |
| Public Support PY170 | 0.47470 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $165,000 | OtherCostOrOtherBasisAmt |
| Book Value | $165,000 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $12,957,779 | OtherCostOrOtherBasisAmt |
| Depreciation | $339,039 | DepreciationAmt |
| Book Value | $12,618,740 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $12,783,740 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp (2 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| Bonds receivable | $55,741,599 |
| Due from related parties | $12,522 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $55,754,121 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Interest payable | Desc |
| Amt | $945,334 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $945,334 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $17,632,716 | TotalRevEtcAuditedFinclStmtAmt |
| Donated Services And Use Fclts | $394,890 | DonatedServicesAndUseFcltsAmt |
| Other Revenue | $131,475 | OtherRevenueAmt |
| Revenue Not Reported | $526,365 | RevenueNotReportedAmt |
| Revenue Subtotal | $17,106,351 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $17,106,351 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $8,832,014 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $394,890 | DonatedServicesUseFcltsAmt |
| Other Expenses Included | $131,475 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $526,365 | ExpensesNotReportedAmt |
| Expenses Subtotal | $8,305,649 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $8,305,649 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part X, Line 2: | The Organization accounts for uncertainty in income taxes in accordance with ASC Topic, Income Taxes. This standard clarifies the accounting for uncertainty in tax positions and prescribes a recognition threshold and measurement attribute for the consolidated financial statements regarding a tax position taken or expected to be taken in a tax return. The Organization has determined that there are no uncertain tax positions which qualify for either recognition or disclosure in the consolidated financial statements at June 30, 2018 and 2017. The Organization's information returns are subject to examination by Federal and state jurisdictions. |
| Part XI, Line 2d - Other Adjustments: | Depreciation expense deducted from rental income |
| Part XII, Line 2d - Other Adjustments: | Depreciation on Form 990 is reported net of rental income |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (15 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|
| Mastery Charter High School | |||||||
| 35 South 4th Street | Philadelphia | PA | 19106 | 233060542 | 501(c)(3) | $2,593,182 | Charter school support, development and expansion |
| Mastery Charter School - Thomas Campus | |||||||
| 927 Johnson Street | Philadelphia | PA | 19148 | 204861191 | 501(c)(3) | $70,951 | Charter school support |
| Mastery Charter School - Shoemaker Campus | |||||||
| 5301 Media Street | Philadelphia | PA | 19131 | 204861234 | 501(c)(3) | $56,581 | Charter school support |
| Mastery Charter School - Pickett Campus | |||||||
| 5700 Wayne Avenue | Philadelphia | PA | 19144 | 651308951 | 501(c)(3) | $43,063 | Charter school support |
| Mastery Charter School - Harrity Elementary | |||||||
| 5601 Christian Street | Philadelphia | PA | 19143 | 272575445 | 501(c)(3) | $31,011 | Charter school support |
| Mastery Charter School - Mann Elementary | |||||||
| 5376 West Berks Street | Philadelphia | PA | 19131 | 272575568 | 501(c)(3) | $724 | Charter school support |
| Mastery Charter School - Smedley Elementary | |||||||
| 1790 Bridge Street | Philadelphia | PA | 19124 | 272575502 | 501(c)(3) | $16,222 | Charter school support |
| Hardy Williams Academy Charter School | |||||||
| 1712 South 56th Street | Philadelphia | PA | 19143 | 522173268 | 501(c)(3) | $37,252 | Charter school support |
| Mastery Charter School - Gratz Campus | |||||||
| 1798 West Hunting Park Avenue | Philadelphia | PA | 19140 | 452107493 | 501(c)(3) | $155,523 | Charter school support |
| Grover Cleveland Mastery Charter School | |||||||
| 5650 Sprague Street | Philadelphia | PA | 19138 | 462846820 | 501(c)(3) | $45,825 | Charter school support |
| Mastery Charter Schools of Camden | |||||||
| 1033 Cambridge Avenue | Camden | NJ | 08105 | 465158488 | 501(c)(3) | $45,500 | Charter school support |
| Francis D Pastorius Mastery Charter School | |||||||
| 5650 Sprague Street | Philadelphia | PA | 19138 | 462846820 | 501(c)(3) | $7,566 | Charter school support |
| Frederick Douglass Mastery Charter School | |||||||
| 2118 W Norris Street | Philadelphia | PA | 19121 | 800619248 | 501(c)(3) | $73,675 | Charter school support |
| Mastery Charter School - Clymer Elementary | |||||||
| 1201 W Rush Street | Philadelphia | PA | 19133 | 452107667 | 501(c)(3) | $28,684 | Charter school support |
| Mastery Charter School - Wister Campus | |||||||
| 67 E Bringhurst Street | Philadelphia | PA | 19144 | 812713543 | 501(c)(3) | $771,000 | Charter school support |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | College Scholarships | GrantTypeTxt |
| Recipient | 12 | RecipientCnt |
| Non Cash Assistance | $24,000 | NonCashAssistanceAmt |
| Valuation Method Used | Cash value | ValuationMethodUsedDesc |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part I, Line 2: | FormAndLineReferenceDesc |
| Explanation | The Organization grants funds only to Mastery Charter Schools and OSTC funds to qualified institutions. The Organization's shared management team monitors all grants. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part VI, Section B, line 11b | A draft of the Form 990 to be filed is provided to the Board of Directors prior to filing. The form is filed after their review. |
| Form 990, Part VI, Section B, line 12c | Board members are covered by a conflict of interest policy which is reviewed annually by the Board members. |
| Form 990, Part VI, Section C, line 19 | The Organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt |
|---|---|---|---|---|---|---|---|
| MCSF Lender LLC | |||||||
| 5700 Wayne Avenue | Philadelphia | PA | 19144 | 300885141 | Holder of debt for school bldg activity | PA | Mastery Charter Schools Foundation |
| MCSF Lender II LLC | |||||||
| 5700 Wayne Avenue | Philadelphia | PA | 19144 | Holder of debt for school bldg activity | PA | Mastery Charter Schools Foundation | |
Reasonable Cause Explanation ReasonableCauseExplanation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | Late filed return due to CCH Software Outage. | ExplanationTxt |
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