BETA

KEYSTONE ACADEMY CHARTER SCHOOL: Form 990, tax year 2017

View the entire original 990 at ProPublica ↗

Organization
KEYSTONE ACADEMY CHARTER SCHOOL (EIN 61-1524966)
Tax period
2017-07-01 to 2018-06-30
Filed
2019-05-14
IRS object ID
201941349349302869
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 ReturnHeader

FieldValueIRS element (for citing)
Return2019-05-14T09:48:26-05:00ReturnTs
Tax Period End2018-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN231518888PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1MAILLIE LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 680AddressLine1Txt
CityOAKSCityNm
State AbbreviationPAStateAbbreviationCd
ZIP194560680ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2017-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN611524966EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1KEYSTONE ACADEMY CHARTER SCHOOLBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlPLANBusinessNameControlTxt
Phone6106179121PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line14521 LONGSHORE AVENUEAddressLine1Txt
CityPHILADELPHIACityNm
State AbbreviationPAStateAbbreviationCd
ZIP19135ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDR CLAUDIA LYLESPersonNm
Person TitleCEOPersonTitleTxt
Phone2153322111PhoneNum
Signature2019-05-10SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonS MARK FUGA CPAPreparerPersonNm
PTINP00635736PTIN
Phone6109351420PhoneNum

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address96.227.130.2IPv4AddressTxt
FieldValueIRS element (for citing)
IP2019-05-10IPDt
IP Tm11:29:05IPTm
IP TimezoneEDIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device Id15A7E9B0F4D4D3BE77214A119BF6377A745EC461AtSubmissionCreationDeviceId
At Submission Filing Device Id15A7E9B0F4D4D3BE77214A119BF6377A745EC461AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2017TaxYr
Build TS2019-02-21 02:37:17ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerDR CLAUDIA LYLESPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line14521 LONGSHORE AVENUEAddressLine1Txt
CityPHILADELPHIACityNm
State AbbreviationPAStateAbbreviationCd
ZIP19135ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$8,648,555GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.KEYSTONEACADEMYCS.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2007FormationYr
Legal Domicile StatePALegalDomicileStateCd
Activity Or MissionTO PROVIDE A RIGOROUS ACADEMIC PROGRAM UTILIZING A CONCENTRATED SCIENCE AND MATH CURRICULUM THAT EMPLOYS THE USE OF INTEGRATED TECHNOLOGY.ActivityOrMissionDesc
Voting Members Governing Body7VotingMembersGoverningBodyCnt
Voting Members Independent7VotingMembersIndependentCnt
Total Employee62TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$711,877PYContributionsGrantsAmt
CY Contributions Grants$1,608,217CYContributionsGrantsAmt
PY Program Service Revenue$7,065,764PYProgramServiceRevenueAmt
CY Program Service Revenue$6,928,517CYProgramServiceRevenueAmt
PY Investment Income$442PYInvestmentIncomeAmt
CY Investment Income$1,589CYInvestmentIncomeAmt
PY Other Revenue$333,034PYOtherRevenueAmt
CY Other Revenue$110,232CYOtherRevenueAmt
PY Total Revenue$8,111,117PYTotalRevenueAmt
CY Total Revenue$8,648,555CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$4,059,427PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$4,594,012CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$3,286,857PYOtherExpensesAmt
CY Other Expenses$3,156,516CYOtherExpensesAmt
PY Total Expenses$7,346,284PYTotalExpensesAmt
CY Total Expenses$7,750,528CYTotalExpensesAmt
PY Revenues Less Expenses$764,833PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$898,027CYRevenuesLessExpensesAmt
Total Assets BOY$7,452,559TotalAssetsBOYAmt
Total Assets EOY$8,544,068TotalAssetsEOYAmt
Total Liabilities BOY$9,095,672TotalLiabilitiesBOYAmt
Total Liabilities EOY$9,589,805TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY-$1,643,113NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY-$1,045,737NetAssetsOrFundBalancesEOYAmt
MissionTHE MISSION OF THE SCHOOL IS TO EMBRACE STRATEGIES THAT SUPPORT THE ELEMENTARY SCIENCE PROGRAM. THE SCHOOL SERVES STUDENTS FROM KINDERGARTEN THROUGH EIGHTH GRADE.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$5,940,820ExpenseAmt
Revenue$7,038,749RevenueAmt
DescOPERATION OF PUBLIC SCHOOL CHARTERED BY THE COMMONWEALTH OFPENNSYLVANIA. DURING THE YEAR ENDED JUNE 30, 2017, THE SCHOOL SERVEDAPPROXIMATELY 685 CHILDREN, 66% OF WHOM WERE FROM LOW-INCOME FAMILIES.Desc
Total Program Service Expenses$5,940,820TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Temp Or Permanent Endowments0TempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other AssetsYes (1)ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School OperatingYes (1)SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With Officer Ent0BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document31IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee62EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members7GoverningBodyVotingMembersCnt
Independent Voting Member7IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Own WebsiteYes (X)OwnWebsiteInd
Other WebsiteYes (X)OtherWebsiteInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1SANTILLI & THOMSONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone8565051300PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1601 ROUTE 73 NORTH STE 302AddressLine1Txt
CityMARLTONCityNm
State AbbreviationNJStateAbbreviationCd
ZIP08053ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (8 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
GRETCHEN ALSTON
PRESIDENT0.50Yes (X)Yes (X)$0$0$0
FRED PHELPS
VICE PRESIDENT0.50Yes (X)Yes (X)$0$0$0
MARIE MCCARTHY
SECRETARY0.50Yes (X)Yes (X)$0$0$0
HOWARD RANDOLPH
MEMBER0.50Yes (X)$0$0$0
ALMA DIGGS
TREASURER0.50Yes (X)Yes (X)$0$0$0
TINA PETERSON
MEMBER0.50Yes (X)$0$0$0
DR ANTHONY STEVENSON
MEMBER0.50Yes (X)$0$0$0
DR CLAUDIA LYLES
CEO40.00Yes (X)$184,696$0$71,809
FieldValueIRS element (for citing)
Total Reportable Comp From Org$184,696TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$71,809TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K1IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
AETNA INSURANCE CO
1425 UNION MEETING ROADBLUE BELLPA19422INSURANCE$557,281
MAIN LINE ACADEMY
513 WALDRUN PARK DRIVEHAVERFORDPA19041RENT$175,000
NUTRITION GROUP
580 WENDEL RDIRWINPA15642FOOD SERVICE MANAGEMENT$170,634
EASTER SEALS
1161 FORTY FOOT ROADLANSDALEPA19446DAY CARE/ AUTISM SERVICES$164,805
INTELLIGENT NETWORKS INC
6201 RISING SUN AVEPHILADELPHIAPA19111MANAGEMENT IT SERVICES$162,304
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K6CntrctRcvdGreaterThan100KCnt
Government Grants$1,608,217GovernmentGrantsAmt
Total Contributions$1,608,217TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
SCHOOL DISTRICT REVENU611110$6,789,572$6,789,572
STATE GRANTS AND REIMB611110$138,945$138,945
FieldValueIRS element (for citing)
Total Program Service Revenue$6,928,517TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,589TotalRevenueColumnAmt
Exclusion$1,589ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
FOOD SERVICE611110$60,109$60,109
MISCELLANEOUS611110$50,123$50,123
FieldValueIRS element (for citing)
Other Revenue Total$110,232OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$8,648,555TotalRevenueColumnAmt
Related Or Exempt Func Income$7,038,749RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$1,589ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$184,696TotalAmt
Management And General$184,696ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$2,645,387TotalAmt
Program Services$2,301,487ProgramServicesAmt
Management And General$343,900ManagementAndGeneralAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$731,939TotalAmt
Program Services$636,787ProgramServicesAmt
Management And General$95,152ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$939,470TotalAmt
Program Services$817,339ProgramServicesAmt
Management And General$122,131ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$92,520TotalAmt
Program Services$80,492ProgramServicesAmt
Management And General$12,028ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$45,956TotalAmt
Management And General$45,956ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$22,000TotalAmt
Management And General$22,000ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$745,702TotalAmt
Management And General$745,702ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$204TotalAmt
Management And General$204ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$111,935TotalAmt
Program Services$50,707ProgramServicesAmt
Management And General$61,228ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$188,561TotalAmt
Program Services$184,790ProgramServicesAmt
Management And General$3,771ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$1,638,898TotalAmt
Program Services$1,475,008ProgramServicesAmt
Management And General$163,890ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$9,050TotalAmt
Management And General$9,050ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$107,357TotalAmt
Program Services$107,357ProgramServicesAmt

Other Expenses OtherExpensesGrp (2 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmt
FOOD SERVICE$183,458$183,458
BOOKS$103,395$103,395

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$7,750,528TotalAmt
Program Services$5,940,820ProgramServicesAmt
Management And General$1,809,708ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$466,463BOYAmt
EOY$2,806,073EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$1,611,247BOYAmt
EOY$599,483EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$293,137BOYAmt
EOY$470,957EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$3,315BOYAmt
EOY$725EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
BOY$4,122BOYAmt
EOY$0EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$94,522BOYAmt
EOY$31,215EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$701,159LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$367,545LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$440,971BOYAmt
EOY$333,614EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$4,538,782BOYAmt
EOY$4,302,001EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$7,452,559BOYAmt
EOY$8,544,068EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$734,502BOYAmt
EOY$612,030EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$8,361,170BOYAmt
EOY$8,977,775EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$9,095,672BOYAmt
EOY$9,589,805EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY-$1,643,113BOYAmt
EOY-$1,045,737EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY-$1,643,113BOYAmt
EOY-$1,045,737EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$7,452,559BOYAmt
EOY$8,544,068EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$898,027ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$3,349NetUnrlzdGainsLossesInvstAmt
Prior Period Adjustments-$304,000PriorPeriodAdjustmentsAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit RequiredYes (1)FederalGrantAuditRequiredInd
Federal Grant Audit PerformedYes (1)FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Schedule D IRS990ScheduleD

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$701,159OtherCostOrOtherBasisAmt
Depreciation$367,545DepreciationAmt
Book Value$333,614BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$333,614TotalBookValueLandBuildingsAmt

Other Assets Org OtherAssetsOrgGrp (3 entries)

DescDescBook ValueBookValueAmt
DUE FROM OTHER FUNDS$2,884,001
DEFERRED OUTFLOWS OF RESOURCES, PENSION ACTIVITY$1,392,000
DEFERRED OUTFLOWS OF RESOURCES, OPEB ACTIVITY$26,000
FieldValueIRS element (for citing)
Total Book Value Other Assets$4,302,001TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (9 entries)

DescDescAmtAmt
DUE TO OTHER FUNDS$184,943
DUE TO OTHER GOVERNMENTS$203,527
NET PENSION LIABILITY$7,161,000
LEASE PURCHASE OBLIGATION$23,443
DEFERRED INFLOWS OF RESOURCES, PENSION ACTIVITY$548,000
OTHER CURRENT LIABILITIES$418,794
UNEARNED REVENUE$127,068
DEFERRED INFLOWS OF RESOURCES, OPEB ACTIVITY$16,000
NET OPEB LIABILITY$295,000
FieldValueIRS element (for citing)
Total Liability$8,977,775TotalLiabilityAmt
Total Rev Etc Audited Fincl Stmt$8,651,904TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$3,349NetUnrealizedGainsInvstAmt
Revenue Not Reported$3,349RevenueNotReportedAmt
Revenue Subtotal$8,648,555RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$8,648,555TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$7,750,528TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$7,750,528ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$7,750,528TotalExpensesPerForm990Amt

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (1)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (1)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediaYes (1)PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (1)MaintainRacialCompRecsInd
Maintain Scholarships RecsYes (1)MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (1)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (1)MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts0DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy0DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty0DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs0DiscriminateRaceSchsInd
Discriminate Race Educ Plcy0DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts0DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog0DiscriminateRaceAthltProgInd
Discriminate Race Other Acty0DiscriminateRaceOtherActyInd
Government Financial Aid RcvdYes (1)GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd0GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (1)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE E, PART I, LINE 3THE SCHOOL INCLUDES IN ITS PROMOTIONAL MATERIALS THE NONDISCRIMINATORY POLICIES.
SCHEDULE E, PART I, LINE 6THE ORGANIZATION RECEIVED AID FROM VARIOUS GOVERNMENT AGENCIES TO MAINTAIN ITS LEVEL OF CURRICULUM.
SCHEDULE E, LINE 6A/6BTHE ORGANIZATION RECEIVED AID FROM VARIOUS GOVERNMENT AGENCIES TO MAINTAIN ITS LEVEL OF CURRICULUM.

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonDR CLAUDIA LYLESPersonNm
TitleCEOTitleTxt
Base Compensation Filing Org$184,696BaseCompensationFilingOrgAmt
Compensation Based On Rltd Orgs$0CompensationBasedOnRltdOrgsAmt
Bonus Filing Organization$0BonusFilingOrganizationAmount
Bonus Related Organizations$0BonusRelatedOrganizationsAmt
Other Compensation Filing Org$0OtherCompensationFilingOrgAmt
Other Compensation Rltd Orgs$0OtherCompensationRltdOrgsAmt
Deferred Compensation Flng Org$60,370DeferredCompensationFlngOrgAmt
Deferred Comp Rltd Orgs$0DeferredCompRltdOrgsAmt
Nontaxable Benefits Filing Org$11,439NontaxableBenefitsFilingOrgAmt
Nontaxable Benefits Rltd Orgs$0NontaxableBenefitsRltdOrgsAmt
Total Compensation Filing Org$256,505TotalCompensationFilingOrgAmt
Total Compensation Rltd Orgs$0TotalCompensationRltdOrgsAmt
Comp Report Prior990 Filing Org$0CompReportPrior990FilingOrgAmt
Comp Report Prior990 Rltd Orgs$0CompReportPrior990RltdOrgsAmt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 3FormAndLineReferenceDesc
ExplanationTHE BOARD OF TRUSTEES APPROVES THE COMPENSATION AMOUNT FOR ALL INDIVIDUALS EMPLOYED BY THE SCHOOL.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11BTHE BOARD MEMBERS WERE EACH GIVEN A COPY OF THE FORM 990 FOR REVIEW AND COMMENTS.
FORM 990, PART VI, SECTION B, LINE 12CEACH YEAR, ALL BOARD MEMBERS, OFFICERS AND KEY EMPLOYEES COMPLETE CONFLICT OF INTEREST FORMS WHICH ARE REVIEWED BY THE BOARD PRESIDENT AND CEO.
FORM 990, PART VI, SECTION B, LINE 15THE BOARD DETERMINES COMPENSATION FOR THE CEO AND OTHER ORGANIZATIONAL EMPLOYEES USING COMPARABLE DATA FROM OTHER CHARTER SCHOOLS AND THE SCHOOL DISTRICT OF PHILADELPHIA.
FORM 990, PART VI, SECTION C, LINE 19GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
FORM 990, PART XII, LINE 2CTHE PROCESS HAS NOT CHANGED.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1KEYSTONE FOUNDATIONBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line16649 TULIP STAddressLine1Txt
CityPHILACityNm
State AbbreviationPAStateAbbreviationCd
ZIP19135ZIPCd
FieldValueIRS element (for citing)
EIN464731901EIN
Primary ActivitiesSUPPORTING ORGANIZATIONPrimaryActivitiesTxt
Legal Domicile StatePALegalDomicileStateCd
Exempt Code Section501(C)(3)ExemptCodeSectionTxt
Public Charity StatusLINE 12A, IPublicCharityStatusTxt
Controlled Organization0ControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other OrgYes (1)LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth OrgYes (1)RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of Facilities0SharingOfFacilitiesInd
Paid Employees Sharing0PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (3 entries)

Transaction TypeTransactionTypeTxtInvolvedInvolvedAmtMethod Of Amount DeterminationMethodOfAmountDeterminationTxt
KEYSTONE FOUNDATION
D$2,699,058ACTUAL ADVANCES ON BEHALF OF FDN
KEYSTONE FOUNDATION
K$1,397,349RENT PAID TO THE FDN
KEYSTONE FOUNDATION
D$11,491,824PROMISSORY NOTE GUARANTEE

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.