Mastery Charter School - Harrity Elementary FY2021 filing

Tax-deductible

Philadelphia, PA501(c)(3)Since 2010EducationEIN 27-2575445Revenue $13.9M in FY2021

On file with the IRSmasterycharter.org5700 Wayne Ave, 19144-3314 · Philadelphia, PATax-exempt since Jun 2011School — 170(b)(1)(A)(ii)

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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.
83¢ of each $1 spent went to programs.
$584K 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
5 of 5
filings with a surplus
Average surplus $2.1M a year · 14% 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
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$584K
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: 4.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $68K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$10.5M
128% of total assets
Concern: liabilities are 128% 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
$13.9M
+7% vs prior year
Spent
$11.9M
To programs
83%
Net assets
−$2.3M
By yearFY2020–FY2024
Revenue
$13.9M
FY2021▲ +7%
Tap a bar for its year
Revenue by fiscal year
FY2020$12.9M
FY2021$13.9M
FY2022$16.4M
FY2023$15.9M
FY2024$17.7M
FY2024$16.0M
Expenses
$11.9M
FY2021▲ +1%
Tap a bar for its year
Expenses by fiscal year
FY2020$11.8M
FY2021$11.9M
FY2022$14.7M
FY2023$14.1M
FY2024$13.6M
FY2024$13.5M
Net assets
−$2.3M
FY2021▲ +46%
Tap a bar for its year
Net assets by fiscal year
FY2020−$4.3M
FY2021−$2.3M
FY2022−$601K
FY2023$1.2M
FY2024$5.3M
FY2024$7.7M

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 Jun 2011.

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

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $9.9M Management & general 17% · $2.1M

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

15 people listed on the 990; $584K 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
$145,849Pt VII · Sec A
Principal
$134,604Pt VII · Sec A
Asst Principal/Dir of Operations
$101,861Pt VII · Sec A
Asst Principal of Instruction
$101,501Pt VII · Sec A
Asst Principal of Instruction
$100,390Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Ayo Akinmoladun’s $184K as Principal is at the 30th 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
Ayo Akinmoladun$184,487$161,739$127,181———
Robert Miller——$177,175$141,998$134,604$128,631
Latanya Barrett———$156,943$145,849$144,494
Kim Roberts-Amenra$110,024$129,575$120,934$108,342——
Kiniffa Murphy$124,761$129,343$115,328$109,156——
Chastity Moran—$114,597$128,370$114,362$101,861$104,413
Kallie Turner——$120,882$111,689$101,501$102,758
Mike Deegan$115,331—————

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

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

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Provided by the organization

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1 program · $9.9M · in their own filed words · FY2020
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.

$9.9Mprogram 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
Total grants receivedfrom 2 funders$68K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$13.9M
Ln 12
Fees for servicesLn 2g$12.3M
Gifts and grantsLn 1h$1.6M
Investment incomeLn 3$6K
Money outPt IX
$11.9M
Ln 25
Programscol B$9.9M
Managementcol C$2.1M
Owns and owesPt X
−$2.3M
net assets · Ln 32
Cash and savingsLn 1–2$4.8M
Total assetsLn 16$8.2M
LiabilitiesLn 26$10.5M
PeoplePt VI, VII
15
listed · VII A
PaidVII A5
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.6M
Government grantsLn 1e$1.5M
Fees for servicesLn 2g$12.3M
Investment incomeLn 3$6K
Other incomeLn 4–11$146
Total revenueLn 12$13.9M
Assets in detailPt X, end of year
CashLn 1$638K
SavingsLn 2$4.2M
Cash and savings togetherLn 1–2$4.8M
Land, buildings, equipmentLn 10c$2.0M
Other assetsLn 15$1.1M
Total assetsLn 16$8.2M
LiabilitiesLn 26$10.5M
Net assetsLn 32−$2.3M
OperationsPt I, VI
EmployeesI 595
VolunteersI 67
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$4.0M$4.8M
Land, buildings, equipmentLn 10c$1.9M$2.0M
Total assetsLn 16$7.0M$8.2M
LiabilitiesLn 26$11.3M$10.5M
Net assetsLn 32−$4.3M−$2.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$347K$231K$116K
Other salaries and wagesLn 7$5.8M$5.3M$433K
Pension plan contributionsLn 8$32K$54K−$22K
Other employee benefitsLn 9$987K$902K$85K
Payroll taxesLn 10$453K$414K$39K
Management feesLn 11a$1.2M$1.2M
Legal feesLn 11b$7K$7K
Other fees for servicesLn 11g$1.1M$1.1M$5K
Advertising and promotionLn 12$514$514
Office expensesLn 13$372K$318K$54K
Information technologyLn 14$329K$309K$20K
OccupancyLn 16$440K$440K
TravelLn 17$52K$52K
InterestLn 20$4K$4K
Depreciation, depletion and amortizationLn 22$176K$176K
InsuranceLn 23$72K$72K
Other expenses (24a–d)Ln 24$529K$517K$12K
All other expensesLn 24e$32K$17K$15K
Total functional expensesLn 25$11.9M$9.9M$2.1M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $17.7M$13.6M$4.1M$5.3M 990 PDF
FY2023 $15.9M$14.1M$1.8M$1.2M 990 PDF
FY2022 $16.4M$14.7M$1.7M−$601K 990 PDF
FY2021 Viewing $13.9M$11.9M$1.9M−$2.3M 990 PDF
FY2020 $12.9M$11.8M$1.2M−$4.3M 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 (6 parts)
Part I · Summary $13,875,179 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,144,512$1,591,096
I-9 Program service revenuePrior year $11,759,286$12,277,767
I-10 Investment incomePrior year $44,154$6,170
I-11 Other revenuePrior year $1,799$146
I-12 Total revenuePrior year $12,949,751$13,875,179
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $7,385,632$7,579,171
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $4,374,338$4,356,688
I-18 Total expensesPrior year $11,759,970$11,935,859
I-19 Revenue less expensesPrior year $1,189,781$1,939,320
Part VI · Governance 9 of 9 board members independent, no flags
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
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 $13,875,179 across 7 lines filed
VIII-1e Government grants$1,535,254
VIII-1f All other contributions, gifts and grants$55,842
VIII-1h Total contributions, gifts and grants$1,591,096
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $12,277,767$12,277,767
VIII-3 Investment incomeExcluded from tax $6,170$6,170
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $146$146
VIII-12 Total revenueRelated to mission $12,277,767 · Unrelated business $0 · Excluded from tax $6,316$13,875,179
Part IX · Statement of functional expenses $11,935,859 across 18 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $231,316 · Management $115,640$346,956
IX-7 Other salaries and wagesPrograms $5,327,036 · Management $432,588$5,759,624
IX-8 Pension plan contributionsPrograms $54,487 · Management −$22,388$32,099
IX-9 Other employee benefitsPrograms $902,047 · Management $85,181$987,228
IX-10 Payroll taxesPrograms $413,838 · Management $39,426$453,264
IX-11a Management feesManagement $1,224,035$1,224,035
IX-11b Legal feesManagement $7,456$7,456
IX-11g Other fees for servicesPrograms $1,113,003 · Management $4,856$1,117,859
IX-12 Advertising and promotionManagement $514$514
IX-13 Office expensesPrograms $317,976 · Management $54,390$372,366
IX-14 Information technologyPrograms $308,782 · Management $20,393$329,175
IX-16 OccupancyPrograms $439,893$439,893
IX-17 TravelPrograms $52,148$52,148
IX-20 InterestManagement $4,148$4,148
IX-22 Depreciation, depletion and amortizationPrograms $176,301$176,301
IX-23 InsuranceManagement $71,728$71,728
IX-24 Other expenses (24a–d)Programs $516,903 · Management $12,097$529,000
IX-24e All other expensesPrograms $17,262 · Management $14,803$32,065
IX-25 Total functional expensesPrograms $9,870,992 · Management $2,064,867 · Fundraising $0$11,935,859
Part X · Balance sheet $8,154,487 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $676,549$638,101
X-2 Savings and temporary cash investmentsStart of year $3,284,826$4,156,504
X-3 Pledges and grants receivableStart of year $163,403$168,189
X-4 Accounts receivableStart of year $48,724$51,539
X-9 Prepaid expenses and deferred chargesStart of year $162,649$112,477
X-10c Land, buildings and equipment, netStart of year $1,865,738$1,962,248
X-15 Other assetsStart of year $829,856$1,065,429
X-16 Total assetsStart of year $7,031,745$8,154,487
X-17 Accounts payable and accrued expensesStart of year $1,898,447$1,409,847
X-19 Deferred revenue$87,472
X-25 Other liabilitiesStart of year $9,390,000$8,864,592
X-26 Total liabilitiesStart of year $11,288,447$10,471,869
X-27 Net assets without donor restrictionsStart of year −$4,256,702−$2,317,382
X-32 Total net assets or fund balancesStart of year −$4,256,702−$2,317,382
X-33 Total liabilities and net assetsStart of year $7,031,745$8,154,487
Part XI · Reconciliation of net assets −$2,317,382 net assets at year end
XI-1 Total revenue$13,875,179
XI-2 Total expenses$11,935,859
XI-3 Revenue less expenses$1,939,320
XI-4 Net assets at start of year−$4,256,702
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$2,317,382

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

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