Mastery Charter High School FY2020 filing

Tax-deductible

Philadelphia, PA501(c)(3)Since 2000EducationEIN 23-3060542Revenue $46.7M in FY2020

On file with the IRSmasterycharter.org5700 Wayne Ave, 19144-3314 · Philadelphia, PATax-exempt since Nov 2001School — 170(b)(1)(A)(ii)

Tell your story. Claim this org

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

501(c)(3) charity; gifts are tax-deductible.
73¢ of each $1 spent went to programs.
$2.1M 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

FY2020 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $4.7M a year · 9% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
73%
of spending
Fine: 73% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$2.1M
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: 5.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $1.2M
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$37.1M
111% of total assets
Concern: liabilities are 111% of assets; over 80%.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$46.7M
Spent
$39.2M
To programs
73%
Net assets
−$3.7M
By yearFY2020–FY2025
Revenue
$46.7M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$46.7M
FY2021$47.1M
FY2022$52.6M
FY2023$54.5M
FY2024$61.6M
FY2025$65.4M
Expenses
$39.2M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$39.2M
FY2021$38.5M
FY2022$46.0M
FY2023$52.8M
FY2024$57.0M
FY2025$66.1M
Net assets
−$3.7M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020−$3.7M
FY2021$4.9M
FY2022$11.5M
FY2023$13.2M
FY2024$17.8M
FY2025$15.7M

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

Give Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 2001.

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

Where the money goes

73 cents of each dollar spent went to programs.

Program services 73% · $28.7M Management & general 27% · $10.5M

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

Something off? Claim to fix it

Who runs it and what they're paid

15 people listed on the 990; $2.1M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Chief Executive Officer
$212,577Pt VII · Sec A
Chief Financial Officer
$197,176Pt VII · Sec A
Executive Schools Officer
$193,492Pt VII · Sec A
Regional Schools Officer
$191,520Pt VII · Sec A
Regional Schools Officer
$189,984Pt VII · Sec A
Chief Information Officer
$187,644Pt VII · Sec A
Regional Schools Officer
$176,146Pt VII · Sec A
Chief Talent Officer
$174,488Pt VII · Sec A

Joel Boyd’s $299K as Chief Executive Officer is at the 64th 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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Joel Boyd$298,560$123,275————
Scott Gordon—$287,789$277,665$242,120$220,255$212,577
Jeffrey Pestrak$236,954$218,302$208,569$203,914$194,300$193,492
Letisha Laws——$235,428$171,165——
Matthew Troha$215,610$224,762$195,014$200,850$185,531$189,984
Jessica Varevice$222,758$204,809$194,775$187,235$169,514$165,724
Peter Lee$221,765$209,609$201,835$194,130$190,698$187,644
Yonca Agatan$219,789$208,225$204,214$203,808$195,388$197,176

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 High School executive salaries →

On this list? Claim this org

Something off? Claim to fix it

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.

Questions for Mastery Charter High School

Tap to ask. Mastery Charter High School sees how many people are interested.

Your first name shows with your question. Mastery Charter High School answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · $28.7M · in their own filed words · FY2019
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.

$28.7Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$1.2M
Grants paid · 78 grants · $5.6M · 2019–2024
See all 78 grants →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$46.7M
Ln 12
Fees for servicesLn 2g$33.2M
Gifts and grantsLn 1h$13.5M
Investment incomeLn 3$42K
Money outPt IX
$39.2M
Ln 25
Programscol B$28.7M
Managementcol C$10.5M
Owns and owesPt X
−$3.7M
net assets · Ln 32
Cash and savingsLn 1–2$16.7M
Total assetsLn 16$33.4M
LiabilitiesLn 26$37.1M
PeoplePt VI, VII
15
listed · VII A
PaidVII A12
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$13.5M
Government grantsLn 1e$12.0M
Noncash giftsLn 1g$303K
Fees for servicesLn 2g$33.2M
Investment incomeLn 3$42K
Other incomeLn 4–11$29K
Total revenueLn 12$46.7M
Assets in detailPt X, end of year
CashLn 1$2.5M
SavingsLn 2$14.2M
Cash and savings togetherLn 1–2$16.7M
Land, buildings, equipmentLn 10c$10.7M
Other assetsLn 15$2.5M
Total assetsLn 16$33.4M
LiabilitiesLn 26$37.1M
Net assetsLn 32−$3.7M
OperationsPt I, VI
EmployeesI 5274
VolunteersI 65
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 FY20End FY20
Cash and savingsLn 1–2$8.2M$16.7M
Land, buildings, equipmentLn 10c$10.1M$10.7M
Total assetsLn 16$24.6M$33.4M
LiabilitiesLn 26$35.7M$37.1M
Net assetsLn 32−$11.2M−$3.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.4M$1.4M
Pay of current officers, directors and key staffLn 5$1.7M$630K$1.1M
Other salaries and wagesLn 7$17.3M$11.6M$5.7M
Pension plan contributionsLn 8−$832K−$97K−$735K
Other employee benefitsLn 9$2.3M$1.5M$764K
Payroll taxesLn 10$1.4M$899K$456K
Legal feesLn 11b$247K$247K
Accounting feesLn 11c$387K$387K
Other fees for servicesLn 11g$3.7M$2.2M$1.4M
Advertising and promotionLn 12$386K$6K$381K
Office expensesLn 13$505K$250K$256K
Information technologyLn 14$1.7M$1.4M$338K
OccupancyLn 16$498K$498K
TravelLn 17$450K$382K$69K
Conferences, conventions and meetingsLn 19$243K$166K$77K
InterestLn 20$4K$4K
Depreciation, depletion and amortizationLn 22$1.7M$1.7M
InsuranceLn 23$47K$47K
Other expenses (24a–d)Ln 24$6.1M$6.1M$1K
All other expensesLn 24e$82K$7K$75K
Total functional expensesLn 25$39.2M$28.7M$10.5M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $65.4M$66.1M−$650K$15.7M 990 PDF
FY2024 $61.6M$57.0M$4.6M$17.8M 990 PDF
FY2023 $54.5M$52.8M$1.7M$13.2M 990 PDF
FY2022 $52.6M$46.0M$6.6M$11.5M 990 PDF
FY2021 $47.1M$38.5M$8.6M$4.9M 990 PDF
FY2020 Viewing $46.7M$39.2M$7.5M−$3.7M 990 PDF

More to add? Claim this org

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 FY2020 990 (6 parts)
Part I · Summary $46,682,982 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $13,670,528$13,457,200
I-9 Program service revenuePrior year $30,540,410$33,154,205
I-10 Investment incomePrior year $29,583$42,286
I-11 Other revenuePrior year $46,499$29,291
I-12 Total revenuePrior year $44,287,020$46,682,982
I-13 Grants and similar amounts paidPrior year $1,513,768$1,355,979
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $21,090,230$21,770,760
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $16,120,295$16,073,448
I-18 Total expensesPrior year $38,724,293$39,200,187
I-19 Revenue less expensesPrior year $5,562,727$7,482,795
Part VI · Governance 3 of 3 board members independent, no flags
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $46,682,982 across 8 lines filed
Lines not itemized here account for $346,251 of total revenue; see the IRS return.
VIII-1e Government grants$11,957,498
VIII-1f All other contributions, gifts and grants$1,499,702
VIII-1g Noncash contributions (included above)$303,194
VIII-1h Total contributions, gifts and grants$13,457,200
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $32,807,954$32,807,954
VIII-3 Investment incomeExcluded from tax $42,286$42,286
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $29,291$29,291
VIII-12 Total revenueRelated to mission $33,154,205 · Unrelated business $0 · Excluded from tax $71,577$46,682,982
Part IX · Statement of functional expenses $39,200,187 across 20 lines filed
IX-1 Grants to domestic organizationsPrograms $1,355,979$1,355,979
IX-5 Pay of current officers, directors and key staffPrograms $629,895 · Management $1,069,563$1,699,458
IX-7 Other salaries and wagesPrograms $11,599,522 · Management $5,656,267$17,255,789
IX-8 Pension plan contributionsPrograms −$97,396 · Management −$734,543−$831,939
IX-9 Other employee benefitsPrograms $1,527,670 · Management $764,335$2,292,005
IX-10 Payroll taxesPrograms $899,425 · Management $456,022$1,355,447
IX-11b Legal feesManagement $246,533$246,533
IX-11c Accounting feesManagement $387,110$387,110
IX-11g Other fees for servicesPrograms $2,238,049 · Management $1,444,436$3,682,485
IX-12 Advertising and promotionPrograms $5,620 · Management $380,789$386,409
IX-13 Office expensesPrograms $249,856 · Management $255,542$505,398
IX-14 Information technologyPrograms $1,398,811 · Management $337,944$1,736,755
IX-16 OccupancyPrograms $498,029$498,029
IX-17 TravelPrograms $381,566 · Management $68,524$450,090
IX-19 Conferences, conventions and meetingsPrograms $165,889 · Management $76,890$242,779
IX-20 InterestManagement $4,203$4,203
IX-22 Depreciation, depletion and amortizationPrograms $1,677,637$1,677,637
IX-23 InsuranceManagement $46,579$46,579
IX-24 Other expenses (24a–d)Programs $6,126,440 · Management $1,344$6,127,784
IX-24e All other expensesPrograms $6,651 · Management $75,006$81,657
IX-25 Total functional expensesPrograms $28,663,643 · Management $10,536,544 · Fundraising $0$39,200,187
Part X · Balance sheet $33,408,997 assets, 15 lines filed
Asset lines not itemized here account for $1,000,000; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $5,816,107$2,494,952
X-2 Savings and temporary cash investmentsStart of year $2,334,381$14,202,775
X-3 Pledges and grants receivableStart of year $2,335,488$1,580,886
X-9 Prepaid expenses and deferred chargesStart of year $153,452$922,398
X-10c Land, buildings and equipment, netStart of year $10,134,827$10,684,239
X-15 Other assetsStart of year $2,790,239$2,523,747
X-16 Total assetsStart of year $24,564,494$33,408,997
X-17 Accounts payable and accrued expensesStart of year $4,929,400$8,653,451
X-19 Deferred revenueStart of year $138,370$1,082,866
X-24 Unsecured notes and loans payableStart of year $1,000,000$1,000,000
X-25 Other liabilitiesStart of year $29,611,741$26,330,363
X-26 Total liabilitiesStart of year $35,742,893$37,104,601
X-27 Net assets without donor restrictionsStart of year −$11,178,399−$3,695,604
X-32 Total net assets or fund balancesStart of year −$11,178,399−$3,695,604
X-33 Total liabilities and net assetsStart of year $24,564,494$33,408,997
Part XI · Reconciliation of net assets −$3,695,604 net assets at year end
XI-1 Total revenue$46,682,982
XI-2 Total expenses$39,200,187
XI-3 Revenue less expenses$7,482,795
XI-4 Net assets at start of year−$11,178,399
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$3,695,604

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.