Charter Arts Foundation FY2021 filing

Tax-deductible

Bethlehem, PA501(c)(3)EducationEIN 45-3986393Revenue $1.2M in FY2021

On file with the IRScharterartsfoundation.org321 E 3rd St, 18015-1309 · Bethlehem, PATax-exempt since Mar 2013Supporting org, Type I — 509(a)(3)

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The foundation's mission is to support the health, welfare and educational interests of lehigh valley Charter high school for the Arts, a pennsylvania nonprofit corporation that is exempt from federal income tax as an organization described in section 501(c)(3) of the internal revenue code of 1986, as amended.

501(c)(3) charity; gifts are tax-deductible.
99¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
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
1 of 5
filings with a surplus
Average surplus $659K a year · 29% of revenue · last 5 filings
Worth a look: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
6 mo
of spending, in cash
Looks good: 5.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $241K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$20.4M
75% of total assets
Worth a look: liabilities are 75% of assets; over 65%.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.2M
Spent
$1.7M
To programs
99%
Net assets
$7.0M
By yearFY2021–FY2025
Revenue
$1.2M
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$1.2M
FY2022$1.4M
FY2023$6.4M
FY2024$1.0M
FY2025$1.2M
Expenses
$1.7M
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$1.7M
FY2022$1.6M
FY2023$1.8M
FY2024$1.4M
FY2025$1.3M
Net assets
$7.0M
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$7.0M
FY2022$6.7M
FY2023$11.3M
FY2024$10.9M
FY2025$10.7M

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 (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 2013.

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

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $1.6M Management & general 1% · $13K Fundraising 0% · $5K

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

10 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Vice-Preside
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
See Charter Arts Foundation 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 15aNo

Programs and updates

Supports the health, welfare, and education of a Lehigh Valley arts high school.

Questions for Charter Arts Foundation

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Provided by the organization

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1 program · $1.6M · in their own filed words · FY2020
01

The organization's exempt purpose is to support the health, welfare and educational interests of the lehigh valley charter high school for the arts. This includes providing a building for the school. All activities of the organization accomplish this purpose.

$1.6Mprogram 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 3 funders$241K
See all 3 funders →
Grants paid · 1 grant · $226K · 2024–2024

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$1.2M
Ln 12
Fees for servicesLn 2g$1.0M
Gifts and grantsLn 1h$66K
Other incomeLn 4–11$49K
Money outPt IX
$1.7M
Ln 25
Programscol B$1.6M
Managementcol C$13K
Fundraisingcol D$5K
Owns and owesPt X
$7.0M
net assets · Ln 32
Cash and savingsLn 1–2$785K
Total assetsLn 16$27.4M
LiabilitiesLn 26$20.4M
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$66K
Fees for servicesLn 2g$1.0M
Investment incomeLn 3$29K
Other incomeLn 4–11$49K
Total revenueLn 12$1.2M
Assets in detailPt X, end of year
CashLn 1$99K
SavingsLn 2$686K
Cash and savings togetherLn 1–2$785K
Land, buildings, equipmentLn 10c$23.9M
Total assetsLn 16$27.4M
LiabilitiesLn 26$20.4M
Net assetsLn 32$7.0M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$1.1M$785K
Land, buildings, equipmentLn 10c$24.3M$23.9M
Total assetsLn 16$28.1M$27.4M
LiabilitiesLn 26$20.7M$20.4M
Net assetsLn 32$7.4M$7.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$145K$145K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$3K$3K
OccupancyLn 16$3K$3K
Conferences, conventions and meetingsLn 19$167$167
InterestLn 20$787K$787K
Depreciation, depletion and amortizationLn 22$638K$638K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$68K$61K$7K
All other expensesLn 24e$8K$3K$5K
Total functional expensesLn 25$1.7M$1.6M$13K$5K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.2M$1.3M−$164K$10.7M 990 PDF
FY2024 $1.0M$1.4M−$385K$10.9M 990 PDF
FY2023 $6.4M$1.8M$4.6M$11.3M 990 PDF
FY2022 $1.4M$1.6M−$290K$6.7M 990 PDF
FY2021 Viewing $1.2M$1.7M−$464K$7.0M 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 FY2021 990 (6 parts)
Part I · Summary $1,192,568 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $155,675$66,281
I-9 Program service revenuePrior year $1,047,880$1,047,880
I-10 Investment incomePrior year $33,203$29,001
I-11 Other revenuePrior year $112,215$49,406
I-12 Total revenuePrior year $1,348,973$1,192,568
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,553,079$1,656,276
I-18 Total expensesPrior year $1,553,079$1,656,276
I-19 Revenue less expensesPrior year −$204,106−$463,708
Part VI · Governance 10 of 10 board members independent, 3 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $1,192,568 across 7 lines filed
VIII-1f All other contributions, gifts and grants$66,281
VIII-1h Total contributions, gifts and grants$66,281
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,047,880$1,047,880
VIII-3 Investment incomeExcluded from tax $29,001$29,001
VIII-8 Net income from fundraising eventsExcluded from tax $47,796$47,796
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $1,610$1,610
VIII-12 Total revenueRelated to mission $1,047,880 · Excluded from tax $78,407$1,192,568
Part IX · Statement of functional expenses $1,656,276 across 10 lines filed
IX-11b Legal feesPrograms $144,855$144,855
IX-12 Advertising and promotionFundraising $1,913$1,913
IX-13 Office expensesFundraising $2,512$2,512
IX-16 OccupancyPrograms $3,495$3,495
IX-19 Conferences, conventions and meetingsFundraising $167$167
IX-20 InterestPrograms $787,179$787,179
IX-22 Depreciation, depletion and amortizationPrograms $638,148$638,148
IX-23 InsurancePrograms $1,668$1,668
IX-24 Other expenses (24a–d)Programs $61,137 · Management $7,261$68,398
IX-24e All other expensesPrograms $2,666 · Management $5,275$7,941
IX-25 Total functional expensesPrograms $1,639,148 · Management $12,536 · Fundraising $4,592$1,656,276
Part X · Balance sheet $27,360,867 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $87,551$99,387
X-2 Savings and temporary cash investmentsStart of year $1,046,322$686,005
X-3 Pledges and grants receivableStart of year $90,356$16,702
X-4 Accounts receivableStart of year $2,636,765$2,636,765
X-9 Prepaid expenses and deferred chargesStart of year $2,565$8,609
X-10c Land, buildings and equipment, netStart of year $24,285,348$23,913,399
X-16 Total assetsStart of year $28,148,907$27,360,867
X-17 Accounts payable and accrued expensesStart of year $3,239$7,063
X-26 Total liabilitiesStart of year $20,725,772$20,401,440
X-27 Net assets without donor restrictionsStart of year $7,423,135$6,959,427
X-32 Total net assets or fund balancesStart of year $7,423,135$6,959,427
X-33 Total liabilities and net assetsStart of year $28,148,907$27,360,867
Part XI · Reconciliation of net assets $6,959,427 net assets at year end
XI-1 Total revenue$1,192,568
XI-2 Total expenses$1,656,276
XI-3 Revenue less expenses−$463,708
XI-4 Net assets at start of year$7,423,135
XI-10 Net assets at end of year$6,959,427

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

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