MASTERY CHARTER SCHOOLS FOUNDATION: Form 990, tax year 2016
View the entire original 990 at ProPublica ↗
- Organization
- MASTERY CHARTER SCHOOLS FOUNDATION (EIN 20-5593485)
- Tax period
- 2016-07-01 to 2017-06-30
- Filed
- 2018-05-15
- IRS object ID
- 201801359349314525
- Schema version
- 2016v3.0
- 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2018-05-15T21:10:56-05:00 | ReturnTs |
| Tax Period End | 2017-06-30 | 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 | 2016-07-01 | 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 | 2018-05-15 | SignatureDt |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Joyce Miller | PreparerPersonNm |
| PTIN | P00047160 | PTIN |
| Phone | 2156001701 | PhoneNum |
| Preparation | 2018-05-15 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2016 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | 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 | $14,063,508 | 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 | $4,466,134 | PYContributionsGrantsAmt |
| CY Contributions Grants | $11,113,275 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $0 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| PY Investment Income | $1,170,276 | PYInvestmentIncomeAmt |
| CY Investment Income | $2,618,637 | CYInvestmentIncomeAmt |
| PY Other Revenue | $264,122 | PYOtherRevenueAmt |
| CY Other Revenue | $107,602 | CYOtherRevenueAmt |
| PY Total Revenue | $5,900,532 | PYTotalRevenueAmt |
| CY Total Revenue | $13,839,514 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $6,894,654 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $6,290,041 | 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 | $2,179 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $1,488,881 | PYOtherExpensesAmt |
| CY Other Expenses | $1,476,783 | CYOtherExpensesAmt |
| PY Total Expenses | $8,383,535 | PYTotalExpensesAmt |
| CY Total Expenses | $7,766,824 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$2,483,003 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $6,072,690 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $58,317,612 | TotalAssetsBOYAmt |
| Total Assets EOY | $102,203,851 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $39,267,679 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $77,081,228 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $19,049,933 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $25,122,623 | 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 | $7,684,616 | ExpenseAmt |
| Grant | $6,290,041 | 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 | $7,684,616 | 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 | 0 | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | 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 (4 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 |
| Courtney Collins Shapiro | ||||||
| Assistant Secretary | 1.00 | 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 (3 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 | $3,778,503 |
| Metcalfe Architecture & Design LLC | |||||
| 211 N 13th Street Ste 503 | Philadelphia | PA | 19107 | Architectural services | $109,040 |
| Northstar Owners Representation | |||||
| 150 North Radnor Chester Road Ste B | Radnor | PA | 19087 | Construction management services | $108,214 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 3 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $453,485 | FundraisingAmt |
| All Other Contributions | $10,659,790 | AllOtherContributionsAmt |
| Total Contributions | $11,113,275 | TotalContributionsAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,618,637 | TotalRevenueColumnAmt |
| Exclusion | $2,618,637 | 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 | $67,318 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $264,122 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $264,122 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $264,122 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $0 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $453,485 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $156,676 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$156,676 | TotalRevenueColumnAmt |
| Exclusion | -$156,676 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Miscellaneous revenue | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $156 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $156 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $156 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $13,839,514 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $264,278 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $2,461,961 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,275,041 | TotalAmt |
| Program Services | $6,275,041 | ProgramServicesAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $15,000 | TotalAmt |
| Program Services | $15,000 | ProgramServicesAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $46,057 | TotalAmt |
| Management And General | $46,057 | ManagementAndGeneralAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,418,098 | TotalAmt |
| Program Services | $1,418,098 | ProgramServicesAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $27,092 | TotalAmt |
| Management And General | $27,092 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (3 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| Community engagement | $10,592 | $10,592 | ||
| Other expenses | $9,059 | $6,880 | $2,179 | |
| Environmental remediati | -$34,115 | -$34,115 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,766,824 | TotalAmt |
| Program Services | $7,684,616 | ProgramServicesAmt |
| Management And General | $80,029 | ManagementAndGeneralAmt |
| Fundraising | $2,179 | FundraisingAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,764,203 | BOYAmt |
| EOY | $12,252,450 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,381,693 | BOYAmt |
| EOY | $7,933,360 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $845,925 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,808,389 | BOYAmt |
| EOY | $17,131,826 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $20,034 | BOYAmt |
| EOY | $13,171 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $7,806,000 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $207,564 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,459,884 | BOYAmt |
| EOY | $7,598,436 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $31,883,409 | BOYAmt |
| EOY | $56,428,683 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $58,317,612 | BOYAmt |
| EOY | $102,203,851 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $413,470 | BOYAmt |
| EOY | $2,586,642 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $559,262 | BOYAmt |
| EOY | $762,375 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $30,000,000 | BOYAmt |
| EOY | $62,055,000 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,750,000 | BOYAmt |
| EOY | $10,900,000 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $544,947 | BOYAmt |
| EOY | $777,211 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $39,267,679 | BOYAmt |
| EOY | $77,081,228 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,191,375 | BOYAmt |
| EOY | $6,685,552 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,858,558 | BOYAmt |
| EOY | $18,437,071 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $19,049,933 | BOYAmt |
| EOY | $25,122,623 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $58,317,612 | BOYAmt |
| EOY | $102,203,851 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $6,072,690 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | Yes (1) | AccountantCompileOrReviewInd |
Acct Compile Or Review Basis AcctCompileOrReviewBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| 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 | $3,428,585 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $11,970,151 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $8,275,545 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $4,476,134 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $9,738,108 | CurrentTaxYearAmt |
| Total | $37,888,523 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $3,428,585 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $11,970,151 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $8,275,545 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $4,476,134 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $9,738,108 | CurrentTaxYearAmt |
| Total | $37,888,523 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $18,048,088 | SubstantialContributorsTotAmt |
| Public Support Total170 | $19,840,435 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $52,848 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $42,056 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $25,048 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,170,276 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $2,618,637 | CurrentTaxYearAmt |
| Total | $3,908,865 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $41,797,388 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $662,880 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.47470 | PublicSupportCY170Pct |
| Public Support PY170 | 0.63330 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
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 | $2,692,720 | OtherCostOrOtherBasisAmt |
| Depreciation | $207,564 | DepreciationAmt |
| Book Value | $2,485,156 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $4,948,280 | OtherCostOrOtherBasisAmt |
| Book Value | $4,948,280 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $7,598,436 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp (2 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| Bonds receivable | $55,000,138 |
| Due from related parties | $1,428,545 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $56,428,683 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Interest payable | Desc |
| Amt | $777,211 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $777,211 | TotalLiabilityAmt |
| Total Rev Etc Audited Fincl Stmt | $14,409,945 | TotalRevEtcAuditedFinclStmtAmt |
| Donated Services And Use Fclts | $346,437 | DonatedServicesAndUseFcltsAmt |
| Other Revenue | $223,994 | OtherRevenueAmt |
| Revenue Not Reported | $570,431 | RevenueNotReportedAmt |
| Revenue Subtotal | $13,839,514 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $13,839,514 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $8,337,255 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $346,437 | DonatedServicesUseFcltsAmt |
| Other Expenses Included | $223,994 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $570,431 | ExpensesNotReportedAmt |
| Expenses Subtotal | $7,766,824 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $7,766,824 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part XI, Line 2d - Other Adjustments: | Special event expenses deducted on Form 990 revenue schedule Depreciation expense deducted from rental income |
| Part XII, Line 2d - Other Adjustments: | Depreciation on Form 990 is reported net of rental income Special event expenses deducted on revenue schedule |
| Part X, Line 2 | The Organization has determined that there are no uncertain tax positions which qualify for either recognition ordisclosure in the consolidated financial statements at June 30, 2016. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (22 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) | $3,092,594 | Charter school support, development and expansion |
| Mastery Charter School - Thomas Campus | |||||||
| 927 Johnson Street | Philadelphia | PA | 19148 | 204861191 | 501(c)(3) | $140,245 | Charter school support |
| Mastery Charter School - Shoemaker Campus | |||||||
| 5301 Media Street | Philadelphia | PA | 19131 | 204861234 | 501(c)(3) | $191,146 | Charter school support |
| Mastery Charter School - Pickett Campus | |||||||
| 5700 Wayne Avenue | Philadelphia | PA | 19144 | 651308951 | 501(c)(3) | $117,085 | Charter school support |
| Mastery Charter School - Harrity Elementary | |||||||
| 5601 Christian Street | Philadelphia | PA | 19143 | 272575445 | 501(c)(3) | $88,611 | Charter school support |
| Mastery Charter School - Mann Elementary | |||||||
| 5376 West Berks Street | Philadelphia | PA | 19131 | 272575568 | 501(c)(3) | $11,233 | Charter school support |
| Mastery Charter School - Smedley Elementary | |||||||
| 1790 Bridge Street | Philadelphia | PA | 19124 | 272575502 | 501(c)(3) | $41,599 | Charter school support |
| Hardy Williams Academy Charter School | |||||||
| 1712 South 56th Street | Philadelphia | PA | 19143 | 522173268 | 501(c)(3) | $11,923 | Charter school support |
| Mastery Charter School - Gratz Campus | |||||||
| 1798 West Hunting Park Avenue | Philadelphia | PA | 19140 | 452107493 | 501(c)(3) | $122,950 | Charter school support |
| Grover Cleveland Mastery Charter School | |||||||
| 5650 Sprague Street | Philadelphia | PA | 19138 | 462846820 | 501(c)(3) | $700 | Charter school support |
| Mastery Charter Schools of Camden | |||||||
| 1033 Cambridge Avenue | Camden | NJ | 08105 | 465158488 | 501(c)(3) | $78,376 | Charter school support |
| Mercy Vocational High School | |||||||
| 2900 W Hunting Park Avenue | Philadelphia | PA | 19129 | 231389404 | 501(c)(3) | $27,060 | Scholarship support |
| Springside Chestnut Hill Acacdemy | |||||||
| 500 West Willow Grove Avenue | Philadelphia | PA | 19118 | 231352681 | 501(c)(3) | $227,000 | Scholarship support |
| Little Flower Catholic High School | |||||||
| 1000 W Lycoming Street | Philadelphia | PA | 19140 | 501(c)(3) | $44,800 | Scholarship support | |
| Francis D Pastorius Mastery Charter School | |||||||
| 5650 Sprague Street | Philadelphia | PA | 19138 | 462846820 | 501(c)(3) | $236,167 | Charter school support |
| Frederick Douglass Mastery Charter School | |||||||
| 2118 W Norris Street | Philadelphia | PA | 19121 | 800619248 | 501(c)(3) | $681,000 | Charter school support |
| Greene Street Friends School | |||||||
| 5511 Greene Street | Philadelphia | PA | 19144 | 231352643 | 501(c)(3) | $182,221 | Scholarship support |
| Mastery Charter School - Clymer Elementary | |||||||
| 1201 W Rush Street | Philadelphia | PA | 19133 | 452107667 | 501(c)(3) | $21,508 | Charter school support |
| Mastery Charter School - Wister Campus | |||||||
| 67 E Bringhurst Street | Philadelphia | PA | 19144 | 812713543 | 501(c)(3) | $760,000 | Charter school support |
| Community Partnership School | |||||||
| 1936 N Judson Street | Philadelphia | PA | 19121 | 203195763 | 501(c)(3) | $93,500 | Scholarship support |
| St Katherine Day School | |||||||
| 930 Bowman Avenue | Wynnewood | PA | 19096 | 501(c)(3) | $11,095 | Scholarship support | |
| The Philadelphia School | |||||||
| 2501 Lombard Street | Philadelphia | PA | 19146 | 237091186 | 501(c)(3) | $59,500 | Scholarship support |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | College Scholarships | GrantTypeTxt |
| Recipient | 12 | RecipientCnt |
| Cash Grant | $15,000 | CashGrantAmt |
| 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 | |
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