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.
74¢ of each $1 spent went to programs.
$2.8M 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

FY2023 · 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
74%
of spending
Fine: 74% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$2.8M
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
5 mo
of spending, in cash
Looks good: 4.8 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
$29.9M
69% of total assets
Worth a look: liabilities are 69% of assets; over 65%.
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
$54.5M
+4% vs prior year
Spent
$52.8M
To programs
74%
Net assets
$13.2M
By yearFY2020–FY2025
Revenue
$54.5M
FY2023▲ +4%
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
$52.8M
FY2023▲ +15%
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
$13.2M
FY2023▲ +15%
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 FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 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

74 cents of each dollar spent went to programs.

Program services 74% · $39.1M Management & general 26% · $13.7M

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

17 people listed on the 990; $2.8M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Chief Executive Officer
$277,665Pt VII · Sec A
Regional Schools Officer to Aug 2023
$235,428Pt VII · Sec A
Regional Schools Officer
$217,131Pt VII · Sec A
Regional Schools Officer
$211,767Pt VII · Sec A
Executive Schools Officer
$208,569Pt VII · Sec A
Chief Financial Officer
$204,214Pt VII · Sec A
Chief Information Officer
$201,835Pt VII · Sec A
Chief Operating Officer
$195,014Pt 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 →

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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.

Questions for Mastery Charter High School

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Provided by the organization

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1 program · $39.1M · in their own filed words · FY2022
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.

$39.1Mprogram 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$54.5M
Ln 12
Fees for servicesLn 2g$38.9M
Gifts and grantsLn 1h$15.3M
Investment incomeLn 3$200K
Money outPt IX
$52.8M
Ln 25
Programscol B$39.1M
Managementcol C$13.7M
Owns and owesPt X
$13.2M
net assets · Ln 32
Cash and savingsLn 1–2$21.2M
Total assetsLn 16$43.1M
LiabilitiesLn 26$29.9M
PeoplePt VI, VII
17
listed · VII A
PaidVII A14
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$15.3M
Government grantsLn 1e$13.4M
Noncash giftsLn 1g$472K
Fees for servicesLn 2g$38.9M
Investment incomeLn 3$200K
Other incomeLn 4–11$68K
Total revenueLn 12$54.5M
Assets in detailPt X, end of year
CashLn 1$3.1M
SavingsLn 2$18.1M
Cash and savings togetherLn 1–2$21.2M
Land, buildings, equipmentLn 10c$13.8M
Other assetsLn 15$4.0M
Total assetsLn 16$43.1M
LiabilitiesLn 26$29.9M
Net assetsLn 32$13.2M
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 FY23End FY23
Cash and savingsLn 1–2$21.2M$21.2M
Land, buildings, equipmentLn 10c$13.7M$13.8M
Total assetsLn 16$43.7M$43.1M
LiabilitiesLn 26$32.2M$29.9M
Net assetsLn 32$11.5M$13.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$481K$481K
Pay of current officers, directors and key staffLn 5$2.5M$910K$1.6M
Other salaries and wagesLn 7$20.6M$14.0M$6.6M
Pension plan contributionsLn 8$1.1M$887K$222K
Other employee benefitsLn 9$3.2M$2.2M$1.1M
Payroll taxesLn 10$1.6M$1.1M$534K
Legal feesLn 11b$241K$241K
Accounting feesLn 11c$468K$468K
Other fees for servicesLn 11g$4.1M$2.6M$1.5M
Advertising and promotionLn 12$407K$18K$389K
Office expensesLn 13$593K$277K$316K
Information technologyLn 14$2.3M$1.9M$473K
OccupancyLn 16$780K$780K
TravelLn 17$1.6M$1.5M$58K
Conferences, conventions and meetingsLn 19$281K$186K$95K
InterestLn 20$10K$10K
Depreciation, depletion and amortizationLn 22$4.8M$4.8M
InsuranceLn 23$56K$56K
Other expenses (24a–d)Ln 24$7.6M$7.6M
All other expensesLn 24e$61K$14K$47K
Total functional expensesLn 25$52.8M$39.1M$13.7M$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 Viewing $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 $46.7M$39.2M$7.5M−$3.7M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash J · Pay O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $54,500,262 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $12,078,493$15,284,143
I-9 Program service revenuePrior year $40,472,809$38,948,510
I-10 Investment incomePrior year $26,507$199,653
I-11 Other revenuePrior year $40,838$67,956
I-12 Total revenuePrior year $52,618,647$54,500,262
I-13 Grants and similar amounts paidPrior year $900,461$481,172
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $26,519,699$29,023,240
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $18,574,382$23,295,078
I-18 Total expensesPrior year $45,994,542$52,799,490
I-19 Revenue less expensesPrior year $6,624,105$1,700,772
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 $54,500,262 across 8 lines filed
Lines not itemized here account for $515,338 of total revenue; see the IRS return.
VIII-1e Government grants$13,442,991
VIII-1f All other contributions, gifts and grants$1,841,152
VIII-1g Noncash contributions (included above)$472,272
VIII-1h Total contributions, gifts and grants$15,284,143
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $38,433,172$38,433,172
VIII-3 Investment incomeExcluded from tax $199,653$199,653
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $67,956$67,956
VIII-12 Total revenueRelated to mission $38,948,510 · Unrelated business $0 · Excluded from tax $267,609$54,500,262
Part IX · Statement of functional expenses $52,799,490 across 20 lines filed
IX-1 Grants to domestic organizationsPrograms $481,172$481,172
IX-5 Pay of current officers, directors and key staffPrograms $910,444 · Management $1,566,876$2,477,320
IX-7 Other salaries and wagesPrograms $13,972,694 · Management $6,610,354$20,583,048
IX-8 Pension plan contributionsPrograms $886,861 · Management $222,365$1,109,226
IX-9 Other employee benefitsPrograms $2,153,056 · Management $1,084,681$3,237,737
IX-10 Payroll taxesPrograms $1,082,386 · Management $533,523$1,615,909
IX-11b Legal feesManagement $241,349$241,349
IX-11c Accounting feesManagement $467,504$467,504
IX-11g Other fees for servicesPrograms $2,586,407 · Management $1,549,916$4,136,323
IX-12 Advertising and promotionPrograms $17,958 · Management $389,334$407,292
IX-13 Office expensesPrograms $277,198 · Management $315,817$593,015
IX-14 Information technologyPrograms $1,858,963 · Management $473,473$2,332,436
IX-16 OccupancyPrograms $779,603$779,603
IX-17 TravelPrograms $1,495,213 · Management $57,995$1,553,208
IX-19 Conferences, conventions and meetingsPrograms $185,838 · Management $94,680$280,518
IX-20 InterestManagement $10,491$10,491
IX-22 Depreciation, depletion and amortizationPrograms $4,820,048$4,820,048
IX-23 InsuranceManagement $56,317$56,317
IX-24 Other expenses (24a–d)Programs $7,556,150$7,556,150
IX-24e All other expensesPrograms $13,591 · Management $47,233$60,824
IX-25 Total functional expensesPrograms $39,077,582 · Management $13,721,908 · Fundraising $0$52,799,490
Part X · Balance sheet $43,092,100 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $3,569,456$3,140,998
X-2 Savings and temporary cash investmentsStart of year $17,676,038$18,104,713
X-3 Pledges and grants receivableStart of year $2,053,606$3,743,844
X-9 Prepaid expenses and deferred chargesStart of year $1,940,406$295,370
X-10c Land, buildings and equipment, netStart of year $13,728,662$13,847,478
X-15 Other assetsStart of year $4,771,889$3,959,697
X-16 Total assetsStart of year $43,740,057$43,092,100
X-17 Accounts payable and accrued expensesStart of year $8,671,321$7,910,567
X-19 Deferred revenueStart of year $449,048$87,913
X-25 Other liabilitiesStart of year $23,095,998$21,869,158
X-26 Total liabilitiesStart of year $32,216,367$29,867,638
X-27 Net assets without donor restrictionsStart of year $11,523,690$13,224,462
X-32 Total net assets or fund balancesStart of year $11,523,690$13,224,462
X-33 Total liabilities and net assetsStart of year $43,740,057$43,092,100
Part XI · Reconciliation of net assets $13,224,462 net assets at year end
XI-1 Total revenue$54,500,262
XI-2 Total expenses$52,799,490
XI-3 Revenue less expenses$1,700,772
XI-4 Net assets at start of year$11,523,690
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$13,224,462

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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