Mastery Charter School - Mann Elementary FY2021 filing

Tax-deductible

Philadelphia, PA501(c)(3)Since 2010EducationEIN 27-2575568

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.
84¢ of each $1 spent went to programs.
$575K 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 · 20% 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
$575K
to officers and key staff · 8% of spending
Looks good: pay to officers and key staff is 8% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
7 mo
of spending, in cash
Looks good: 7.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $72K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$5.5M
92% of total assets
Concern: liabilities are 92% 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
$9.1M
+7% vs prior year
Spent
$7.2M
To programs
84%
Net assets
$462K
By yearFY2020–FY2024
Revenue
$9.1M
FY2021▲ +7%
Revenue by fiscal year
FY2020$8.5M
FY2021$9.1M
FY2022$10.8M
FY2023$10.8M
FY2024$13.0M
FY2024$12.2M
Expenses
$7.2M
FY2021▲ +9%
Expenses by fiscal year
FY2020$6.6M
FY2021$7.2M
FY2022$9.1M
FY2023$9.0M
FY2024$9.7M
FY2024$10.9M
Net assets
$462K
FY2021▲ +133%
Net assets by fiscal year
FY2020−$1.4M
FY2021$462K
FY2022$2.1M
FY2023$3.9M
FY2024$7.2M
FY2024$8.5M

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

84 cents of each dollar spent went to programs.

Program services 84% · $6.1M Management & general 16% · $1.2M

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

Who runs it and what they're paid

15 people listed on the 990; $575K 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
$154,309Pt VII · Sec A
Asst Principal, Specialized Services
$108,393Pt VII · Sec A
Asst Principal, Instruction
$105,657Pt VII · Sec A
Asst Principal, School Culture
$105,091Pt VII · Sec A
Asst Principal/Dir. of Operations
$101,844Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Janet Thompson’s $189K as Principal is at the 33rd 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
Janet Thompson$189,172$190,047$176,497$164,462$154,309$145,808
Robert Miller$132,179—————
Jennifer Reiser$131,401$130,187$120,928$115,702$105,657$107,731
Arnold Ford$128,251$117,479$112,994$104,019——
Curtis Segers III$128,078$120,734$124,363$112,574$105,091$105,906
Jasmine Mazzola$121,661$119,194$118,433$120,531$108,393$109,594
Grace Connors——$111,042———
Carol Shotzbarger———$108,826$101,844—

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 - Mann Elementary 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

This section is blank until Mastery Charter School - Mann Elementary claims this page.

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1 program service account for $6.1M of program spending, described in the organization's 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.

$6.1Mprogram 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$72K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$9.1M
Ln 12
Fees for servicesLn 2g$8.1M
Gifts and grantsLn 1h$1.0M
Investment incomeLn 3$7K
Money outPt IX
$7.2M
Ln 25
Programscol B$6.1M
Managementcol C$1.2M
Owns and owesPt X
$462K
net assets · Ln 32
Cash and savingsLn 1–2$4.3M
Total assetsLn 16$5.9M
LiabilitiesLn 26$5.5M
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$1.0M
Government grantsLn 1e$1.0M
Fees for servicesLn 2g$8.1M
Investment incomeLn 3$7K
Other incomeLn 4–11$3K
Total revenueLn 12$9.1M
Assets in detailPt X, end of year
CashLn 1$657K
SavingsLn 2$3.6M
Cash and savings togetherLn 1–2$4.3M
Land, buildings, equipmentLn 10c$1.0M
Other assetsLn 15$462K
Total assetsLn 16$5.9M
LiabilitiesLn 26$5.5M
Net assetsLn 32$462K
OperationsPt I, VI
EmployeesI 576
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$4.3M
Land, buildings, equipmentLn 10c$798K$1.0M
Total assetsLn 16$5.4M$5.9M
LiabilitiesLn 26$6.7M$5.5M
Net assetsLn 32−$1.4M$462K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$223K$149K$74K
Other salaries and wagesLn 7$3.7M$3.4M$276K
Pension plan contributionsLn 8−$514K−$298K−$216K
Other employee benefitsLn 9$563K$512K$51K
Payroll taxesLn 10$291K$268K$23K
Management feesLn 11a$792K$792K
Other fees for servicesLn 11g$632K$632K
Advertising and promotionLn 12$4K$4K
Office expensesLn 13$325K$248K$77K
Information technologyLn 14$234K$218K$16K
OccupancyLn 16$437K$437K
Depreciation, depletion and amortizationLn 22$206K$206K
InsuranceLn 23$47K$47K
Other expenses (24a–d)Ln 24$291K$281K$10K
All other expensesLn 24e$12K$4K$8K
Total functional expensesLn 25$7.2M$6.1M$1.2M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $13.0M$9.7M$3.3M$7.2M 990 PDF
FY2023 $10.8M$9.0M$1.8M$3.9M 990 PDF
FY2022 $10.8M$9.1M$1.6M$2.1M 990 PDF
FY2021 Viewing $9.1M$7.2M$1.8M$462K 990 PDF
FY2020 $8.5M$6.6M$1.9M−$1.4M 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 (4 parts)
Part VIII · Statement of revenue $9,097,517 across 7 lines filed
VIII-1e Government grants$1,019,466
VIII-1f All other contributions, gifts and grants$16,360
VIII-1h Total contributions, gifts and grants$1,035,826
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $8,052,109$8,052,109
VIII-3 Investment incomeExcluded from tax $6,857$6,857
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $2,725$2,725
VIII-12 Total revenueRelated to mission $8,052,109 · Unrelated business $0 · Excluded from tax $9,582$9,097,517
Part IX · Statement of functional expenses $7,248,397 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $148,868 · Management $74,423$223,291
IX-7 Other salaries and wagesPrograms $3,427,528 · Management $276,081$3,703,609
IX-8 Pension plan contributionsPrograms −$298,363 · Management −$215,822−$514,185
IX-9 Other employee benefitsPrograms $511,973 · Management $51,022$562,995
IX-10 Payroll taxesPrograms $267,718 · Management $23,344$291,062
IX-11a Management feesManagement $791,846$791,846
IX-11g Other fees for servicesPrograms $632,454$632,454
IX-12 Advertising and promotionManagement $4,278$4,278
IX-13 Office expensesPrograms $248,343 · Management $76,821$325,164
IX-14 Information technologyPrograms $217,935 · Management $15,930$233,865
IX-16 OccupancyPrograms $436,989$436,989
IX-22 Depreciation, depletion and amortizationPrograms $206,330$206,330
IX-23 InsuranceManagement $47,348$47,348
IX-24 Other expenses (24a–d)Programs $281,488 · Management $9,875$291,363
IX-24e All other expensesPrograms $3,630 · Management $8,358$11,988
IX-25 Total functional expensesPrograms $6,084,893 · Management $1,163,504 · Fundraising $0$7,248,397
Part X · Balance sheet $5,948,937 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $692,603$657,381
X-2 Savings and temporary cash investmentsStart of year $3,285,469$3,622,000
X-3 Pledges and grants receivableStart of year $86,507$101,010
X-4 Accounts receivableStart of year $47,105$42,046
X-9 Prepaid expenses and deferred chargesStart of year $98,578$21,376
X-10c Land, buildings and equipment, netStart of year $798,277$1,042,749
X-15 Other assetsStart of year $350,815$462,375
X-16 Total assetsStart of year $5,359,354$5,948,937
X-17 Accounts payable and accrued expensesStart of year $1,264,647$725,822
X-19 Deferred revenue$58,860
X-25 Other liabilitiesStart of year $5,481,892$4,702,320
X-26 Total liabilitiesStart of year $6,746,539$5,487,002
X-27 Net assets without donor restrictionsStart of year −$1,387,185$461,935
X-32 Total net assets or fund balancesStart of year −$1,387,185$461,935
X-33 Total liabilities and net assetsStart of year $5,359,354$5,948,937
Part XI · Reconciliation of net assets $461,935 net assets at year end
XI-1 Total revenue$9,097,517
XI-2 Total expenses$7,248,397
XI-3 Revenue less expenses$1,849,120
XI-4 Net assets at start of year−$1,387,185
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$461,935

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

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