Propel Schools INC FY2021 filing

Tax-deductible

Pittsburgh, PA501(c)(3)Since 2002EducationEIN 03-0483260

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Charter school for students in grades Kindergarten through Twelfth. Propels mission is to catalyze the transformation of public education so that all children have access to high performing public schools.

501(c)(3) charity; gifts are tax-deductible.
84¢ of each $1 spent went to programs.
$1.2M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $1.5M a year · 5% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.2M
to officers and key staff · 5% of spending
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 5.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $471K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$22.5M
117% of total assets
Concern: liabilities are 117% of assets; over 80%.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$27.8M
+7% vs prior year
Spent
$25.1M
To programs
84%
Net assets
−$3.2M
By yearFY2020–FY2024
Revenue
$27.8M
FY2021▲ +7%
Revenue by fiscal year
FY2020$26.0M
FY2021$27.8M
FY2022$29.5M
FY2023$31.0M
FY2024$27.9M
FY2024$25.4M
Expenses
$25.1M
FY2021▼ -4%
Expenses by fiscal year
FY2020$26.2M
FY2021$25.1M
FY2022$25.9M
FY2023$28.2M
FY2024$29.1M
FY2024$27.7M
Net assets
−$3.2M
FY2021▲ +46%
Net assets by fiscal year
FY2020−$5.9M
FY2021−$3.2M
FY2022$599K
FY2023$3.3M
FY2024$2.1M
FY2024−$245K

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2003.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $21.1M Management & general 16% · $4.0M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

20 people listed on the 990; $1.2M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Superintendent, CEO
$188,459Pt VII · Sec A
Senior Director
$132,029Pt VII · Sec A
Chief Financial Officer
$121,856Pt VII · Sec A
Senior Director
$118,753Pt VII · Sec A
Director of Operations
$117,626Pt VII · Sec A
Director, K-12
$106,789Pt VII · Sec A
Community Affairs SR Director
$104,820Pt VII · Sec A
Senior Director Rept.
$103,313Pt VII · Sec A

Tina Chekan’s $221K as Superintendent, CEO is at the 44th percentile of top reported officer pay among 3683 $10–100M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Tina Chekan$221,031$207,357$205,092$205,092$188,459$190,955
Charles Daane—————$157,693
Teresa O'Neill$152,323$144,481$145,428$145,428$132,029$129,169
Beth Wright$136,119$130,378$132,911$132,911$121,856$98,582
Jeremy Resnick—————$131,323
Richard Snyder$125,218$120,606$119,219$119,219$117,626$113,698
Jaclyn Hoover$123,038$114,701$116,567$116,567——
Constance Murray$122,270—————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Educates K-12 students in a charter school setting, transforming public education.

Provided by the organization

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1 program · $21.1M · in their own filed words · FY2020
01

Propel Schools is a charter school granted by a public school district to serve students in the area.

$21.1Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Muse FoundationFY2024$500
Total grants receivedfrom 2 funders$471K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$27.8M
Ln 12
Fees for servicesLn 2g$23.9M
Gifts and grantsLn 1h$3.3M
Other incomeLn 4–11$693K
Money outPt IX
$25.1M
Ln 25
Programscol B$21.1M
Managementcol C$4.0M
Owns and owesPt X
−$3.2M
net assets · Ln 32
Cash and savingsLn 1–2$11.1M
Total assetsLn 16$19.2M
LiabilitiesLn 26$22.5M
PeoplePt VI, VII
20
listed · VII A
PaidVII A10
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.3M
Government grantsLn 1e$2.8M
Fees for servicesLn 2g$23.9M
Investment incomeLn 3$4K
Other incomeLn 4–11$693K
Total revenueLn 12$27.8M
Assets in detailPt X, end of year
CashLn 1$4.5M
SavingsLn 2$6.6M
Cash and savings togetherLn 1–2$11.1M
Land, buildings, equipmentLn 10c$2.0M
Other assetsLn 15$2.7M
Total assetsLn 16$19.2M
LiabilitiesLn 26$22.5M
Net assetsLn 32−$3.2M
OperationsPt I, VI
EmployeesI 5287
VolunteersI 611
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$5.9M$11.1M
Land, buildings, equipmentLn 10c$1.8M$2.0M
Total assetsLn 16$16.5M$19.2M
LiabilitiesLn 26$22.4M$22.5M
Net assetsLn 32−$5.9M−$3.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$459K$0$459K$0
Other salaries and wagesLn 7$10.4M$9.3M$1.0M$0
Pension plan contributionsLn 8$1.4M$1.3M$67K$0
Other employee benefitsLn 9$3.0M$2.6M$395K$0
Payroll taxesLn 10$859K$785K$75K$0
Management feesLn 11a$1.4M$0$1.4M$0
Legal feesLn 11b$169K$0$169K$0
Accounting feesLn 11c$11K$0$11K$0
Other fees for servicesLn 11g$2.1M$1.9M$215K$0
Advertising and promotionLn 12$72K$72K$0$0
Office expensesLn 13$1.4M$1.4M$37K$0
Information technologyLn 14$141K$139K$1K$0
OccupancyLn 16$1.0M$1.0M$0$0
TravelLn 17$14K$14K$13$0
Depreciation, depletion and amortizationLn 22$210K$173K$37K$0
InsuranceLn 23$274K$274K$300$0
Other expenses (24a–d)Ln 24$1.8M$1.7M$106K$0
All other expensesLn 24e$482K$451K$31K$0
Total functional expensesLn 25$25.1M$21.1M$4.0M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $27.9M$29.1M−$1.3M$2.1M 990 PDF
FY2023 $31.0M$28.2M$2.8M$3.3M 990 PDF
FY2022 $29.5M$25.9M$3.6M$599K 990 PDF
FY2021 Viewing $27.8M$25.1M$2.7M−$3.2M 990 PDF
FY2020 $26.0M$26.2M−$238K−$5.9M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (4 parts)
Part VIII · Statement of revenue $27,845,397 across 8 lines filed
Lines not itemized here account for $608,142 of total revenue; see the IRS return.
VIII-1d Related organizations$397,670
VIII-1e Government grants$2,784,913
VIII-1f All other contributions, gifts and grants$75,418
VIII-1h Total contributions, gifts and grants$3,258,001
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$23,282,073
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $4,430$4,430
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $692,751 · Unrelated business $0 · Excluded from tax $0$692,751
VIII-12 Total revenueRelated to mission $24,582,966 · Unrelated business $0 · Excluded from tax $4,430$27,845,397
Part IX · Statement of functional expenses $25,128,366 across 18 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $458,702 · Fundraising $0$458,702
IX-7 Other salaries and wagesPrograms $9,328,644 · Management $1,044,598 · Fundraising $0$10,373,242
IX-8 Pension plan contributionsPrograms $1,349,909 · Management $67,225 · Fundraising $0$1,417,134
IX-9 Other employee benefitsPrograms $2,565,704 · Management $395,381 · Fundraising $0$2,961,085
IX-10 Payroll taxesPrograms $784,504 · Management $74,994 · Fundraising $0$859,498
IX-11a Management feesPrograms $0 · Management $1,396,339 · Fundraising $0$1,396,339
IX-11b Legal feesPrograms $0 · Management $168,851 · Fundraising $0$168,851
IX-11c Accounting feesPrograms $0 · Management $10,755 · Fundraising $0$10,755
IX-11g Other fees for servicesPrograms $1,873,114 · Management $214,825 · Fundraising $0$2,087,939
IX-12 Advertising and promotionPrograms $71,897 · Management $0 · Fundraising $0$71,897
IX-13 Office expensesPrograms $1,355,449 · Management $36,950 · Fundraising $0$1,392,399
IX-14 Information technologyPrograms $139,254 · Management $1,489 · Fundraising $0$140,743
IX-16 OccupancyPrograms $1,020,233 · Management $0 · Fundraising $0$1,020,233
IX-17 TravelPrograms $13,732 · Management $13 · Fundraising $0$13,745
IX-22 Depreciation, depletion and amortizationPrograms $172,542 · Management $36,963 · Fundraising $0$209,505
IX-23 InsurancePrograms $273,750 · Management $300 · Fundraising $0$274,050
IX-24 Other expenses (24a–d)Programs $1,684,411 · Management $106,181 · Fundraising $0$1,790,592
IX-24e All other expensesPrograms $450,555 · Management $31,102 · Fundraising $0$481,657
IX-25 Total functional expensesPrograms $21,083,698 · Management $4,044,668 · Fundraising $0$25,128,366
Part X · Balance sheet $19,245,197 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $872,466$4,521,839
X-2 Savings and temporary cash investmentsStart of year $4,992,532$6,575,206
X-3 Pledges and grants receivableStart of year $475,528$718,794
X-4 Accounts receivableStart of year $4,342,086$1,865,123
X-8 Inventories for sale or useStart of year $5,872$2,952
X-9 Prepaid expenses and deferred chargesStart of year $1,335,460$808,651
X-10c Land, buildings and equipment, netStart of year $1,758,313$2,032,547
X-15 Other assetsStart of year $2,691,848$2,720,085
X-16 Total assetsStart of year $16,474,105$19,245,197
X-17 Accounts payable and accrued expensesStart of year $2,183,841$2,578,490
X-25 Other liabilitiesStart of year $20,231,786$19,891,198
X-26 Total liabilitiesStart of year $22,415,627$22,469,688
X-32 Total net assets or fund balancesStart of year −$5,941,522−$3,224,491
X-33 Total liabilities and net assetsStart of year $16,474,105$19,245,197
Part XI · Reconciliation of net assets −$3,224,491 net assets at year end
XI-1 Total revenue$27,845,397
XI-2 Total expenses$25,128,366
XI-3 Revenue less expenses$2,717,031
XI-4 Net assets at start of year−$5,941,522
XI-10 Net assets at end of year−$3,224,491

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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