Mast Community Charter School Iii
Nonprofit profile at a glance
- EIN
- 831383617
- IRS 990 coverage
- 2019–2024
- Forms available
- Form 990 2024, Form 990-EZ 2018
- Location
- Philadelphia, PA, USA
- Phone
- 8565051300
- Rating
- 74
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Charter Schools
Reported finances
- Revenue
- $30,595,992
- Expenses
- $26,415,879
- Assets
- $68,901,497
- Liabilities
- $39,809,408
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
13 people listed
Executive titles in this filing
- JAN BROPHY (BOARD PRESIDENT)
- LINDA GOTLIEB (BOARD VICE PRESIDENT)
Highest reported compensation
- PHILLIP SERPIELLO (BUILDING LEADER): $175,541 total reported compensation
- TARRA SOUTHREY (ACADEMIC LEADER K-5): $148,223 total reported compensation
- LORI ANNE DEGNAN (PRINCIPAL): $146,716 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The objectives and purposes of the charter school are: (1) to foster quality public education and to advance the interests of public school students through the promotion and advocacy of charter schools; (2) to simulate and replicate the development of innovative programs in public education with an emphasis on mathematics, science and technology; (3) to provide opportunities for learning and assessments; (4) to provide parents and students with greater educational options in choosing a school; (5) to hold teachers, parents, and school administrators accountable for the student educational process.; relieve the overcrowding in schools in the city; and accommodate the large demand for admission to mast- byberry.
What it reported doing in 2024
Charter school providing educational instruction to students in the city of philadelphia.
Operating model
- Revenue model
- Other-operating. 87% of the money available for current operations came from other operating revenue.
- Distribution model
- Cannot be determined from the filing. The program-spending lines do not add up, so the filing cannot show reliably whether the nonprofit works directly or through others.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and most voting board members are independent. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and liabilities are high compared with assets.
Rating breakdown
- Financial Efficiency: 68
- Transparency & Controls: 60
- Accountability: 100
- Sustainability: 67
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 72.8%; rating input score 73
- Program expense ratio: 83.5%; rating input score 83
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
- Governance controls: 8 of 8 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 13.7%; rating input score 74; 74th percentile among comparable filings
- Total-asset coverage ratio: 2.61; rating input score 71; 71st percentile among comparable filings
- Liabilities to assets ratio: 0.58; rating input score 24; 24th percentile among comparable filings
- Officer compensation ratio: 2.8%; rating input score 70; 70th percentile among comparable filings
Growth
- Program expense growth: 19.3% per year; rating input score 100; 89th percentile among comparable filings
- Revenue growth: 24.6% per year; rating input score 100; 95th percentile among comparable filings
- Asset growth: 36% per year; rating input score 100; 97th percentile among comparable filings
Details
- Where the money goes: 72.8% of revenue deployed · 83.5% of spending went to programs
- Governance: 8 of 8 board members independent · 8 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $22.1M in reported program spending
- Leadership: top reported pay $176K · 13 people listed · 0 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $2.8M reported
- Consistency: 33 of 33 current checks pass
- Schedules: 6 filed schedules · includes executive pay
- Filing history: 6 filing years from 2019 to 2024
- Contacts: How to reach this organization
- Money network: 5 filed money-flow records
- Related organizations: 2 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 24/100.