Premier Charter School FY2024 filing

Tax-deductible

Saint Louis, MO501(c)(3)Since 2000EducationEIN 43-1844448

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To provide a world class education to students in grades pk-8 to stimulate the development of innovative programs within public education.

501(c)(3) charity; gifts are tax-deductible.
87¢ of each $1 spent went to programs.
$489K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2024 · 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 5
filings with a surplus
Average surplus $1.5M a year · 8% 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
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$489K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Looks good: 3.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $715K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$9.4M
46% of total assets
Looks good: liabilities are 46% of assets; 50% or less.
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
$17.5M
-0.02% vs prior year
Spent
$17.3M
To programs
87%
Net assets
$10.8M
By yearFY2021–FY2025
Revenue
$17.5M
FY2024-0.02%
Revenue by fiscal year
FY2021$15.7M
FY2022$16.3M
FY2023$17.5M
FY2024$17.5M
FY2025$20.0M
Expenses
$17.3M
FY2024▲ +8%
Expenses by fiscal year
FY2021$12.5M
FY2022$15.3M
FY2023$16.1M
FY2024$17.3M
FY2025$18.5M
Net assets
$10.8M
FY2024▲ +2%
Net assets by fiscal year
FY2021$8.3M
FY2022$9.2M
FY2023$10.6M
FY2024$10.8M
FY2025$12.3M

From the FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 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 Aug 2000.

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

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $15.1M Management & general 13% · $2.2M

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

12 people listed on the 990; $489K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Head of School
$200,043Pt VII · Sec A
Assistant Head of School
$147,579Pt VII · Sec A
Director of Finance
$141,217Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A

Julie Ann Frugo’s $204K as Head of School is at the 39th 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 · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Julie Ann Frugo$204,127$200,043$181,609$178,011$166,960
Michael Schrimpf$140,744$147,579$142,805$131,321$122,581
Andy Vien$131,859$141,217$130,849$119,879$103,975

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

Educates PK-8 students and develops innovative public school programs.

Provided by the organization

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1 program service account for $15.1M of program spending, described in the organization's own filed words · FY2023.
01

To stimulate the development of innovation programs within public education. To maintain and improve a school facility for the operation of premier charter school.

$15.1Mprogram 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 1 funder$715K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$17.5M
Ln 12
Gifts and grantsLn 1h$17.0M
Fees for servicesLn 2g$287K
Investment incomeLn 3$207K
Money outPt IX
$17.3M
Ln 25
Programscol B$15.1M
Managementcol C$2.2M
Owns and owesPt X
$10.8M
net assets · Ln 32
Cash and savingsLn 1–2$4.3M
Total assetsLn 16$20.2M
LiabilitiesLn 26$9.4M
PeoplePt VI, VII
12
listed · VII A
PaidVII A3
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$17.0M
Fees for servicesLn 2g$287K
Investment incomeLn 3$207K
Total revenueLn 12$17.5M
Assets in detailPt X, end of year
SavingsLn 2$4.3M
Cash and savings togetherLn 1–2$4.3M
InvestmentsLn 11–13$5.4M
Land, buildings, equipmentLn 10c$9.4M
Total assetsLn 16$20.2M
LiabilitiesLn 26$9.4M
Net assetsLn 32$10.8M
OperationsPt I, VI
EmployeesI 5220
VolunteersI 60
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 FY24End FY24
Cash and savingsLn 1–2$4.3M
InvestmentsLn 11–13$2.9M$5.4M
Land, buildings, equipmentLn 10c$9.7M$9.4M
Total assetsLn 16$20.1M$20.2M
LiabilitiesLn 26$9.5M$9.4M
Net assetsLn 32$10.6M$10.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$564K$564K
Other salaries and wagesLn 7$9.6M$8.7M$834K
Pension plan contributionsLn 8$1.3M$1.2M$117K
Other employee benefitsLn 9$1.1M$1.0M$101K
Payroll taxesLn 10$735K$669K$66K
Management feesLn 11a$112K$102K$10K
Legal feesLn 11b$12K$1K$11K
Accounting feesLn 11c$31K$3K$28K
Advertising and promotionLn 12$153K$14K$139K
Information technologyLn 14$30K$27K$3K
TravelLn 17$65K$60K$5K
InterestLn 20$455K$410K$46K
Depreciation, depletion and amortizationLn 22$853K$767K$85K
InsuranceLn 23$108K$8K$100K
Other expenses (24a–d)Ln 24$1.6M$1.6M$66K
All other expensesLn 24e$552K$514K$38K
Total functional expensesLn 25$17.3M$15.1M$2.2M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $20.0M$18.5M$1.5M$12.3M 990 PDF
FY2024 Viewing $17.5M$17.3M$234K$10.8M 990 PDF
FY2023 $17.5M$16.1M$1.5M$10.6M 990 PDF
FY2022 $16.3M$15.3M$1.0M$9.2M 990 PDF
FY2021 $15.7M$12.5M$3.2M$8.3M 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $17,529,934 across 5 lines filed
VIII-1f All other contributions, gifts and grants$17,035,966
VIII-1h Total contributions, gifts and grants$17,035,966
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $287,369$287,369
VIII-3 Investment incomeExcluded from tax $206,599$206,599
VIII-12 Total revenueRelated to mission $287,369 · Unrelated business $0 · Excluded from tax $206,599$17,529,934
Part IX · Statement of functional expenses $17,296,391 across 16 lines filed
IX-5 Pay of current officers, directors and key staffManagement $563,671$563,671
IX-7 Other salaries and wagesPrograms $8,745,506 · Management $833,675$9,579,181
IX-8 Pension plan contributionsPrograms $1,185,596 · Management $117,257$1,302,853
IX-9 Other employee benefitsPrograms $1,021,136 · Management $100,992$1,122,128
IX-10 Payroll taxesPrograms $668,646 · Management $66,130$734,776
IX-11a Management feesPrograms $102,170 · Management $10,105$112,275
IX-11b Legal feesPrograms $1,120 · Management $11,322$12,442
IX-11c Accounting feesPrograms $2,797 · Management $28,283$31,080
IX-12 Advertising and promotionPrograms $13,776 · Management $139,293$153,069
IX-14 Information technologyPrograms $26,977 · Management $2,668$29,645
IX-17 TravelPrograms $60,313 · Management $4,540$64,853
IX-20 InterestPrograms $409,715 · Management $45,524$455,239
IX-22 Depreciation, depletion and amortizationPrograms $767,265 · Management $85,252$852,517
IX-23 InsurancePrograms $7,532 · Management $100,064$107,596
IX-24 Other expenses (24a–d)Programs $1,557,122 · Management $65,792$1,622,914
IX-24e All other expensesPrograms $514,162 · Management $37,990$552,152
IX-25 Total functional expensesPrograms $15,083,833 · Management $2,212,558 · Fundraising $0$17,296,391
Part X · Balance sheet $20,173,093 assets, 12 lines filed
X-2 Savings and temporary cash investments$4,331,848
X-3 Pledges and grants receivableStart of year $190,268$652,323
X-9 Prepaid expenses and deferred chargesStart of year $276,678$227,679
X-10c Land, buildings and equipment, netStart of year $9,663,971$9,416,854
X-11 Publicly traded securitiesStart of year $2,934,514$5,419,272
X-14 Intangible assetsStart of year $145,980$125,117
X-16 Total assetsStart of year $20,084,832$20,173,093
X-17 Accounts payable and accrued expensesStart of year $1,051,463$1,179,998
X-26 Total liabilitiesStart of year $9,484,897$9,353,432
X-27 Net assets without donor restrictionsStart of year $10,599,935$10,819,661
X-32 Total net assets or fund balancesStart of year $10,599,935$10,819,661
X-33 Total liabilities and net assetsStart of year $20,084,832$20,173,093
Part XI · Reconciliation of net assets $10,819,661 net assets at year end
XI-1 Total revenue$17,529,934
XI-2 Total expenses$17,296,391
XI-3 Revenue less expenses$233,543
XI-4 Net assets at start of year$10,599,935
XI-5 Net unrealized gains (losses) on investments−$13,817
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$10,819,661

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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