Mastery Charter School - Smedley Elementary FY2020 filing

Tax-deductible

Philadelphia, PA501(c)(3)Since 2010EducationEIN 27-2575502Revenue $13.3M in FY2020

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.
86¢ of each $1 spent went to programs.
$696K 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
6 of 6
filings with a surplus
Average surplus $2.0M a year · 13% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$696K
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 3.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $73K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$12.3M
196% of total assets
Concern: liabilities are 196% of assets; over 80%.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$13.3M
Spent
$12.1M
To programs
86%
Net assets
−$6.0M
By yearFY2020–FY2025
Revenue
$13.3M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$13.3M
FY2021$13.9M
FY2022$16.3M
FY2023$16.4M
FY2024$18.5M
FY2025$16.7M
Expenses
$12.1M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$12.1M
FY2021$11.6M
FY2022$13.8M
FY2023$14.1M
FY2024$15.1M
FY2025$16.4M
Net assets
−$6.0M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020−$6.0M
FY2021−$3.8M
FY2022−$1.3M
FY2023$967K
FY2024$4.4M
FY2025$4.6M

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

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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 Jun 2011.

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

Where the money goes

86 cents of each dollar spent went to programs.

Program services 86% · $10.4M Management & general 14% · $1.7M

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

15 people listed on the 990; $696K 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
$153,780Pt VII · Sec A
Asst Principal of Instruction
$114,596Pt VII · Sec A
Asst Principal of Instruction
$114,043Pt VII · Sec A
Asst Principal/Dir of Operations
$109,991Pt VII · Sec A
Asst Principal of Instruction
$102,054Pt VII · Sec A
Asst Principal of Spec Services
$101,860Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Caitlin Murphy’s $188K as Principal is at the 32nd 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
Caitlin Murphy$188,306$163,904$196,869$171,844—$153,780
Caitlan Murphy————$165,621—
Rashanna Ward$136,905$151,655$131,840$122,659$113,942$114,596
Danielle Nicoletti$133,328$122,297$132,666$112,814$108,598$109,991
Courtney McGlone—$118,434$127,668$112,800$105,421$101,860
Isaac Hebron$118,646$116,177$119,292$127,191$110,626$114,043
Amy Zeigler$115,999$118,711————
Kelsey Gavigan$116,650—————

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 · $10.4M · 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.

$10.4Mprogram 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$73K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$13.3M
Ln 12
Fees for servicesLn 2g$10.9M
Gifts and grantsLn 1h$2.4M
Investment incomeLn 3$30K
Money outPt IX
$12.1M
Ln 25
Programscol B$10.4M
Managementcol C$1.7M
Owns and owesPt X
−$6.0M
net assets · Ln 32
Cash and savingsLn 1–2$3.6M
Total assetsLn 16$6.3M
LiabilitiesLn 26$12.3M
PeoplePt VI, VII
15
listed · VII A
PaidVII A6
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.4M
Government grantsLn 1e$2.3M
Noncash giftsLn 1g$26K
Fees for servicesLn 2g$10.9M
Investment incomeLn 3$30K
Other incomeLn 4–11$4K
Total revenueLn 12$13.3M
Assets in detailPt X, end of year
CashLn 1$638K
SavingsLn 2$3.0M
Cash and savings togetherLn 1–2$3.6M
Land, buildings, equipmentLn 10c$906K
Other assetsLn 15$968K
Total assetsLn 16$6.3M
LiabilitiesLn 26$12.3M
Net assetsLn 32−$6.0M
OperationsPt I, VI
EmployeesI 596
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 FY20End FY20
Cash and savingsLn 1–2$3.9M$3.6M
Land, buildings, equipmentLn 10c$916K$906K
Total assetsLn 16$5.9M$6.3M
LiabilitiesLn 26$13.1M$12.3M
Net assetsLn 32−$7.3M−$6.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$214K$143K$71K
Other salaries and wagesLn 7$5.9M$5.6M$338K
Pension plan contributionsLn 8−$45K−$13K−$33K
Other employee benefitsLn 9$857K$801K$56K
Payroll taxesLn 10$454K$426K$28K
Management feesLn 11a$1.1M$1.1M
Legal feesLn 11b$15K$15K
Other fees for servicesLn 11g$1.1M$1.1M$200
Advertising and promotionLn 12$4K$4K
Office expensesLn 13$143K$116K$27K
Information technologyLn 14$161K$154K$7K
OccupancyLn 16$437K$437K
TravelLn 17$62K$62K$151
InterestLn 20$3K$3K
Depreciation, depletion and amortizationLn 22$117K$117K
InsuranceLn 23$63K$63K
Other expenses (24a–d)Ln 24$1.4M$1.4M
All other expensesLn 24e$47K$43K$4K
Total functional expensesLn 25$12.1M$10.4M$1.7M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $16.7M$16.4M$281K$4.6M 990 PDF
FY2024 $18.5M$15.1M$3.4M$4.4M 990 PDF
FY2023 $16.4M$14.1M$2.3M$967K 990 PDF
FY2022 $16.3M$13.8M$2.4M−$1.3M 990 PDF
FY2021 $13.9M$11.6M$2.3M−$3.8M 990 PDF
FY2020 Viewing $13.3M$12.1M$1.2M−$6.0M 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 FY2020 990 (6 parts)
Part I · Summary $13,287,202 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,906,742$2,394,509
I-9 Program service revenuePrior year $10,577,822$10,858,748
I-10 Investment incomePrior year $29,247$29,815
I-11 Other revenuePrior year $34,283$4,130
I-12 Total revenuePrior year $12,548,094$13,287,202
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 $6,902,838$7,408,825
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $4,635,925$4,667,034
I-18 Total expensesPrior year $11,538,763$12,075,859
I-19 Revenue less expensesPrior year $1,009,331$1,211,343
Part VI · Governance 8 of 8 board members independent, no flags
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
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 $13,287,202 across 8 lines filed
VIII-1e Government grants$2,307,197
VIII-1f All other contributions, gifts and grants$87,312
VIII-1g Noncash contributions (included above)$26,176
VIII-1h Total contributions, gifts and grants$2,394,509
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $10,858,748$10,858,748
VIII-3 Investment incomeExcluded from tax $29,815$29,815
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $4,130$4,130
VIII-12 Total revenueRelated to mission $10,858,748 · Unrelated business $0 · Excluded from tax $33,945$13,287,202
Part IX · Statement of functional expenses $12,075,859 across 18 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $142,744 · Management $71,360$214,104
IX-7 Other salaries and wagesPrograms $5,591,743 · Management $337,504$5,929,247
IX-8 Pension plan contributionsPrograms −$12,680 · Management −$32,716−$45,396
IX-9 Other employee benefitsPrograms $800,838 · Management $56,275$857,113
IX-10 Payroll taxesPrograms $425,926 · Management $27,831$453,757
IX-11a Management feesManagement $1,079,414$1,079,414
IX-11b Legal feesManagement $14,651$14,651
IX-11g Other fees for servicesPrograms $1,095,679 · Management $200$1,095,879
IX-12 Advertising and promotionManagement $4,005$4,005
IX-13 Office expensesPrograms $116,027 · Management $26,716$142,743
IX-14 Information technologyPrograms $153,917 · Management $6,756$160,673
IX-16 OccupancyPrograms $436,741$436,741
IX-17 TravelPrograms $61,692 · Management $151$61,843
IX-20 InterestManagement $2,713$2,713
IX-22 Depreciation, depletion and amortizationPrograms $117,469$117,469
IX-23 InsuranceManagement $62,767$62,767
IX-24 Other expenses (24a–d)Programs $1,441,372$1,441,372
IX-24e All other expensesPrograms $43,188 · Management $3,576$46,764
IX-25 Total functional expensesPrograms $10,414,656 · Management $1,661,203 · Fundraising $0$12,075,859
Part X · Balance sheet $6,271,624 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $674,346$638,297
X-2 Savings and temporary cash investmentsStart of year $3,178,128$2,985,965
X-3 Pledges and grants receivableStart of year $21,385$490,955
X-4 Accounts receivableStart of year $51,951$99,083
X-9 Prepaid expenses and deferred chargesStart of year $12,718$184,042
X-10c Land, buildings and equipment, netStart of year $915,570$905,626
X-15 Other assetsStart of year $1,033,143$967,656
X-16 Total assetsStart of year $5,887,241$6,271,624
X-17 Accounts payable and accrued expensesStart of year $2,034,410$2,240,384
X-25 Other liabilitiesStart of year $11,099,802$10,043,201
X-26 Total liabilitiesStart of year $13,146,755$12,319,795
X-27 Net assets without donor restrictionsStart of year −$7,259,514−$6,048,171
X-32 Total net assets or fund balancesStart of year −$7,259,514−$6,048,171
X-33 Total liabilities and net assetsStart of year $5,887,241$6,271,624
Part XI · Reconciliation of net assets −$6,048,171 net assets at year end
XI-1 Total revenue$13,287,202
XI-2 Total expenses$12,075,859
XI-3 Revenue less expenses$1,211,343
XI-4 Net assets at start of year−$7,259,514
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$6,048,171

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

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