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Charter Arts Foundation FY2024 filing

Tax-deductible

Bethlehem, PA501(c)(3)EducationEIN 45-3986393Revenue $1.0M in FY2024

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.
98¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

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
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
98%
of spending
Looks good: 98% 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
$11.9M
52% of total assets
Fine: liabilities are 52% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
18
of 18 voting members
Looks good: 18 of 18 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.0M
-84% vs prior year
Spent
$1.4M
To programs
98%
Net assets
$10.9M
By yearFY2021–FY2025
Revenue
$1.0M
FY2024▼ -84%
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
$1.4M
FY2024▼ -24%
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
$10.9M
FY2024▼ -3%
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 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 Mar 2013.

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

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $1.4M Management & general 2% · $22K Fundraising 0% · $4K

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

18 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
William Apluagh
Board Member
$0Pt VII · Sec A
Santa Bannan
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Anthony Crisafulli
Board Member
$0Pt VII · Sec A
Rob Guerriere
Board Member
$0Pt VII · Sec A
Elise Hill
Board Member
$0Pt VII · Sec A
Emrich Stellar II
Board Member
$0Pt VII · Sec A
Emrich Stellar III
Board Member
$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 2Yes
  • 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.

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Provided by the organization

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1 program · $1.4M · in their own filed words · FY2023
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.

$1.4Mprogram 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
Vanguard Charitable Endowment ProgramFY2024$200K
Lehigh Valley Community FoundationFY2024$28K
United Way of the Greater Lehigh ValleyFY2024$13K
Total grants receivedfrom 3 funders$241K
See all 3 funders →
Grants paid · 1 grant · $226K · 2024–2024
Lehigh Valley Charter High School for the ArtsPA · FY2024$225,512

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.0M
Ln 12
Fees for servicesLn 2g$781K
Gifts and grantsLn 1h$256K
Investment incomeLn 3$20K
Money outPt IX
$1.4M
Ln 25
Programscol B$1.4M
Managementcol C$22K
Fundraisingcol D$4K
Owns and owesPt X
$10.9M
net assets · Ln 32
Cash and savingsLn 1–2$668K
Total assetsLn 16$22.8M
LiabilitiesLn 26$11.9M
PeoplePt VI, VII
18
listed · VII A
PaidVII A0
Voting boardVI 1a18
IndependentVI 1b18
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$256K
Fundraising eventsLn 1c$191K
Fees for servicesLn 2g$781K
Investment incomeLn 3$20K
Total revenueLn 12$1.0M
Assets in detailPt X, end of year
CashLn 1$125K
SavingsLn 2$543K
Cash and savings togetherLn 1–2$668K
Land, buildings, equipmentLn 10c$22.1M
Total assetsLn 16$22.8M
LiabilitiesLn 26$11.9M
Net assetsLn 32$10.9M
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 FY24End FY24
Cash and savingsLn 1–2$744K$668K
Land, buildings, equipmentLn 10c$22.7M$22.1M
Total assetsLn 16$23.4M$22.8M
LiabilitiesLn 26$12.2M$11.9M
Net assetsLn 32$11.3M$10.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$3K$3K
Office expensesLn 13$3K$3K
Conferences, conventions and meetingsLn 19$1K$1K
InterestLn 20$496K$496K
Depreciation, depletion and amortizationLn 22$604K$604K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$285K$266K$19K
All other expensesLn 24e$11K$8K$3K
Total functional expensesLn 25$1.4M$1.4M$22K$4K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.2M$1.3M−$164K$10.7M 990 PDF
FY2024 Viewing $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 $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 FY2024 990 (6 parts)
Part I · Summary $1,019,801 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $243,061$256,256
I-9 Program service revenuePrior year $874,380$780,881
I-10 Investment incomePrior year $32,109$19,665
I-11 Other revenuePrior year $5,286,536−$37,001
I-12 Total revenuePrior year $6,436,086$1,019,801
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 $1,838,308$1,404,450
I-18 Total expensesPrior year $1,838,308$1,404,450
I-19 Revenue less expensesPrior year $4,597,778−$384,649
Part VI · Governance 18 of 18 board members independent, 4 to look at
VI-1a Voting members of the governing body18
VI-1b Independent voting members18
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $1,019,801 across 8 lines filed
VIII-1c Fundraising events$190,660
VIII-1f All other contributions, gifts and grants$65,596
VIII-1h Total contributions, gifts and grants$256,256
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $780,881$780,881
VIII-3 Investment incomeExcluded from tax $19,665$19,665
VIII-8 Net income from fundraising eventsExcluded from tax −$56,836−$56,836
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $19,835$19,835
VIII-12 Total revenueRelated to mission $780,881 · Excluded from tax −$17,336$1,019,801
Part IX · Statement of functional expenses $1,404,450 across 8 lines filed
IX-11b Legal feesPrograms $2,618$2,618
IX-13 Office expensesFundraising $3,065$3,065
IX-19 Conferences, conventions and meetingsFundraising $1,333$1,333
IX-20 InterestPrograms $496,486$496,486
IX-22 Depreciation, depletion and amortizationPrograms $604,067$604,067
IX-23 InsurancePrograms $1,501$1,501
IX-24 Other expenses (24a–d)Programs $265,865 · Management $18,853$284,718
IX-24e All other expensesPrograms $7,732 · Management $2,930$10,662
IX-25 Total functional expensesPrograms $1,378,269 · Management $21,783 · Fundraising $4,398$1,404,450
Part X · Balance sheet $22,764,201 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $221,311$125,263
X-2 Savings and temporary cash investmentsStart of year $522,843$542,507
X-3 Pledges and grants receivableStart of year $15,317$5,658
X-9 Prepaid expenses and deferred chargesStart of year $6,001$8,192
X-10c Land, buildings and equipment, netStart of year $22,674,996$22,082,581
X-16 Total assetsStart of year $23,440,468$22,764,201
X-26 Total liabilitiesStart of year $12,173,395$11,881,777
X-27 Net assets without donor restrictionsStart of year $11,267,073$10,882,424
X-32 Total net assets or fund balancesStart of year $11,267,073$10,882,424
X-33 Total liabilities and net assetsStart of year $23,440,468$22,764,201
Part XI · Reconciliation of net assets $10,882,424 net assets at year end
XI-1 Total revenue$1,019,801
XI-2 Total expenses$1,404,450
XI-3 Revenue less expenses−$384,649
XI-4 Net assets at start of year$11,267,073
XI-10 Net assets at end of year$10,882,424

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

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