Mastery Charter School - Thomas Campus

Tax-deductible

Philadelphia, PA501(c)(3)Since 2006EducationEIN 20-4861191

All students learn the academic and personal skills they need to be truly prepared for post-secondary success and able to pursue their dreams.

501(c)(3) charity; gifts are tax-deductible.
84¢ of each $1 spent went to programs.
Run by 7 volunteers and 172 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
5 of 5
filings with a surplus
Average surplus $4.0M a year · 17% of revenue · last 5 filings
Looks good: a surplus in 5 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
$1.1M
to officers and key staff · 4% of spending
Top officer’s pay lower than 72% of similar orgs
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 5.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $53K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$11.1M
40% of total assets
Looks good: liabilities are 40% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$27.4M
-10% vs prior year
Spent
$24.8M
To programs
84%
Net assets
$17.0M
By yearFY2020–FY2024
Revenue
$27.4M
FY2024▼ -10%
Revenue by fiscal year
FY2020$20.3M
FY2021$21.7M
FY2022$24.4M
FY2023$24.9M
FY2024$30.5M
FY2024$27.4M
Expenses
$24.8M
FY2024▲ +7%
Expenses by fiscal year
FY2020$17.3M
FY2021$17.5M
FY2022$21.1M
FY2023$22.6M
FY2024$23.2M
FY2024$24.8M
Net assets
$17.0M
FY2024▲ +16%
Net assets by fiscal year
FY2020−$2.5M
FY2021$1.7M
FY2022$5.0M
FY2023$7.3M
FY2024$14.6M
FY2024$17.0M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 2007.

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% · $20.8M Management & general 16% · $4.0M

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

Who runs it and what they're paid

17 people listed on the 990; $1.1M paid to officers and key staff.

Part VII, Section A · reportable compensation
Principal
$179,318Pt VII · Sec A
$164,835Pt VII · Sec A
Asst Principal of Instruction
$138,035Pt VII · Sec A
Asst Principal of School Culture
$131,286Pt VII · Sec A
Asst Prin of Instruction(until 6/25)
$127,312Pt VII · Sec A
Asst Principal/Dir of Operations
$123,272Pt VII · Sec A
$115,891Pt VII · Sec A
Principal (until 6/24)
$91,267Pt VII · Sec A

Peter Langer’s $179K as Principal is at the 28th 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
Peter Langer$179,318$155,094$135,333$186,718$162,571$83,301
Chanelle Baylor$164,835$121,827$114,134———
Owen Ricciardi$91,267$158,515$96,711———
Zachary Lewis——$158,244$99,439——
Emily Myers————$149,439$141,675
Jeannine Corsi$138,035$124,147$115,011$106,331——
Damoun Lopez$115,891$122,275$132,081———
Jawan Newman$131,286$123,211$130,038$126,335$110,636$115,943

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.

See Mastery Charter School - Thomas Campus executive salaries →

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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

Empowers students with skills for post-secondary success and dream pursuit.

Provided by the organization

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1 program service account for $20.8M of program spending, described in the organization's own filed words · FY2024.
01

Mastery schools integrates educational best practices and effective management to drive student achievement. Our academic staff is outstanding and relentlessly committed to student achievement and continually improve their craft through highly-effective professional development, coaching, and collaborative support.

$20.8Mprogram expense

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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
Total grants receivedfrom 2 funders$53K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$27.4M
Ln 12
Fees for servicesLn 2g$24.1M
Gifts and grantsLn 1h$2.4M
Investment incomeLn 3$785K
Money outPt IX
$24.8M
Ln 25
Programscol B$20.8M
Managementcol C$4.0M
Owns and owesPt X
$17.0M
net assets · Ln 32
Cash and savingsLn 1–2$11.3M
Total assetsLn 16$28.0M
LiabilitiesLn 26$11.1M
PeoplePt VI, VII
17
listed · VII A
PaidVII A8
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.4M
Government grantsLn 1e$2.4M
Fees for servicesLn 2g$24.1M
Investment incomeLn 3$785K
Other incomeLn 4–11$29K
Total revenueLn 12$27.4M
Assets in detailPt X, end of year
CashLn 1$2K
SavingsLn 2$11.3M
Cash and savings togetherLn 1–2$11.3M
InvestmentsLn 11–13$10.4M
Land, buildings, equipmentLn 10c$2.0M
Other assetsLn 15$3.3M
Total assetsLn 16$28.0M
LiabilitiesLn 26$11.1M
Net assetsLn 32$17.0M
OperationsPt I, VI
EmployeesI 5172
VolunteersI 67
Fiscal year endsHeaderDecember
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 FY24End FY24
Cash and savingsLn 1–2$8.5M$11.3M
InvestmentsLn 11–13$10.1M$10.4M
Land, buildings, equipmentLn 10c$2.1M$2.0M
Total assetsLn 16$26.5M$28.0M
LiabilitiesLn 26$11.9M$11.1M
Net assetsLn 32$14.6M$17.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$461K$307K$154K
Other salaries and wagesLn 7$10.2M$9.5M$721K
Pension plan contributionsLn 8$583K$515K$68K
Other employee benefitsLn 9$1.8M$1.6M$124K
Payroll taxesLn 10$798K$736K$61K
Management feesLn 11a$2.4M$2.4M
Legal feesLn 11b$40K$40K
Investment management feesLn 11f$37K$37K
Other fees for servicesLn 11g$2.6M$2.6M$31K
Advertising and promotionLn 12$13K$13K
Office expensesLn 13$335K$266K$69K
Information technologyLn 14$1.1M$1.1M$31K
OccupancyLn 16$1.7M$1.7M
TravelLn 17$794K$793K$605
InterestLn 20$128K$128K
Depreciation, depletion and amortizationLn 22$635K$635K
InsuranceLn 23$128K$128K
Other expenses (24a–d)Ln 24$871K$871K
All other expensesLn 24e$243K$214K$29K
Total functional expensesLn 25$24.8M$20.8M$4.0M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $30.5M$23.2M$7.3M$14.6M 990 PDF
FY2023 $24.9M$22.6M$2.3M$7.3M 990 PDF
FY2022 $24.4M$21.1M$3.3M$5.0M 990 PDF
FY2021 $21.7M$17.5M$4.2M$1.7M 990 PDF
FY2020 $20.3M$17.3M$3.1M−$2.5M 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $27,375,835 across 7 lines filed
VIII-1e Government grants$2,397,638
VIII-1f All other contributions, gifts and grants$40,576
VIII-1h Total contributions, gifts and grants$2,438,214
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $24,123,035$24,123,035
VIII-3 Investment incomeExcluded from tax $785,420$785,420
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $29,166$29,166
VIII-12 Total revenueRelated to mission $24,123,035 · Unrelated business $0 · Excluded from tax $814,586$27,375,835
Part IX · Statement of functional expenses $24,790,828 across 19 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $307,457 · Management $153,704$461,161
IX-7 Other salaries and wagesPrograms $9,460,641 · Management $720,915$10,181,556
IX-8 Pension plan contributionsPrograms $515,014 · Management $67,605$582,619
IX-9 Other employee benefitsPrograms $1,628,965 · Management $123,558$1,752,523
IX-10 Payroll taxesPrograms $736,424 · Management $61,311$797,735
IX-11a Management feesManagement $2,384,482$2,384,482
IX-11b Legal feesManagement $40,458$40,458
IX-11f Investment management feesManagement $36,809$36,809
IX-11g Other fees for servicesPrograms $2,586,832 · Management $30,571$2,617,403
IX-12 Advertising and promotionManagement $13,011$13,011
IX-13 Office expensesPrograms $265,703 · Management $68,864$334,567
IX-14 Information technologyPrograms $1,073,356 · Management $30,528$1,103,884
IX-16 OccupancyPrograms $1,686,615$1,686,615
IX-17 TravelPrograms $793,208 · Management $605$793,813
IX-20 InterestManagement $128,232$128,232
IX-22 Depreciation, depletion and amortizationPrograms $634,963$634,963
IX-23 InsuranceManagement $127,640$127,640
IX-24 Other expenses (24a–d)Programs $870,627$870,627
IX-24e All other expensesPrograms $213,984 · Management $28,746$242,730
IX-25 Total functional expensesPrograms $20,773,789 · Management $4,017,039 · Fundraising $0$24,790,828
Part X · Balance sheet $28,041,088 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $1,386,466$2,000
X-2 Savings and temporary cash investmentsStart of year $7,132,116$11,323,768
X-3 Pledges and grants receivableStart of year $1,546,344$448,839
X-4 Accounts receivableStart of year $210,232$252,584
X-9 Prepaid expenses and deferred chargesStart of year $153,202$336,904
X-10c Land, buildings and equipment, netStart of year $2,123,803$1,951,534
X-11 Publicly traded securitiesStart of year $10,116,593$10,403,054
X-15 Other assetsStart of year $3,843,651$3,322,405
X-16 Total assetsStart of year $26,512,407$28,041,088
X-17 Accounts payable and accrued expensesStart of year $2,748,567$2,540,110
X-19 Deferred revenue$12,000
X-25 Other liabilitiesStart of year $9,164,461$8,526,648
X-26 Total liabilitiesStart of year $11,913,028$11,078,758
X-32 Total net assets or fund balancesStart of year $14,599,379$16,962,330
X-33 Total liabilities and net assetsStart of year $26,512,407$28,041,088
Part XI · Reconciliation of net assets $16,962,330 net assets at year end
XI-1 Total revenue$27,375,835
XI-2 Total expenses$24,790,828
XI-3 Revenue less expenses$2,585,007
XI-4 Net assets at start of year$14,599,379
XI-5 Net unrealized gains (losses) on investments$46,448
XI-8 Prior period adjustments−$268,504
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$16,962,330

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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