SANKOFA FREEDOM ACADEMY CHARTER SCHOOL

EIN: 020793541 501(c)(3) Education

PHILADELPHIA, PA

Total Revenue
$13,025,376
Total Expenses
$12,767,267
Total Assets
$12,100,435
Net Assets
$6,720,658
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
PA
Principal Officer
DR AYESHA IMANI
Phone
2152882001
Tax Period
2022-07-01 to 2023-06-30

SANKOFA FREEDOM ACADEMY CHARTER SCHOOL, founded in 2008, is a mid-sized nonprofit in the Education sector that reported $13.0M in total revenue in fiscal year 2022. Revenue decreased 6% compared to the prior year.

Mission

SANKOFA FREEDOM ACADEMY IS A COLLEGE PREPARATORY COMMUNITY BASED K-12 FREEDOM SCHOOL THAT EMPOWERS ITS STUDENTS TO TAKE THEIR RIGHTFUL PLACES IN THE WORLD AS EDUCATORS, LEADERS AND AGENTS OF CHANGE

Program Service Accomplishments

Program 1
Expenses: $11,063,788

THE SCHOOL SERVES CHILDREN IN GRADES KINDERGARTEN THROUGH 12.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $12,410,648
Program Service Revenue $317,277
Investment Income $500
Other Revenue $296,951
TOTAL REVENUE $13,025,376

Expense Breakdown

Grants Paid $0
Salaries & Benefits $8,450,740
Fundraising Expenses $0
Program Expenses $11,063,788
Other Expenses $4,316,527
TOTAL EXPENSES $12,767,267

Year-over-Year Comparison

2022 2021 Change
Revenue $13,025,376 $13,867,579 -0.1%
Expenses $12,767,267 $11,648,423 +0.1%
Net Income $258,109 $2,219,156 -0.9%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
6
Independent Members
6
Employees
128
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✓ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
⚠ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
7
$0
Key Employees
3
$560,767
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AYESHA IMANI PHD CEO 40.0
Key Emp
$144,269 $69,188 $213,457
ISA CLARK COO 40.0
Key Emp
$134,640 $64,391 $199,031
TAMEKA THOMAS UPPER SCHOOL COORD/PRINCIPAL 40.0
Highest
$117,500 $67,533 $185,033
MARIKA MEEKINS PRINCIPAL 40.0
Key Emp
$122,400 $25,879 $148,279
STEVEN BLACKBURN PRESIDENT 2.0
Officer Director
$0 $0 $0
WALTER PRESCOTT TREASURER 2.0
Officer Director
$0 $0 $0
TONI WINSTON SECRETARY 2.0
Officer Director
$0 $0 $0
ANGELIC LOWE PARENT MEMBER 2.0
Director
$0 $0 $0
GERALDINE NEWTON MEMBER 2.0
Director
$0 $0 $0
FRANK BURTON VICE PRESIDENT 2.0
Officer Director
$0 $0 $0
KHALEEF ALEXANDER MEMBER 2.0
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 No data No data No data No data
2023 $13,025,376 $12,767,267 $12,100,435 $258,109
2022 $13,867,579 $11,648,423 $12,030,666 $2,219,156
2021 $12,567,857 $10,077,826 $11,230,918 $2,490,031
2020 $10,161,998 $7,437,698 $9,830,759 $2,724,300
2019 $9,272,581 $7,011,980 $7,208,284 $2,260,601
2018 $8,519,234 $8,561,116 $7,141,403 $-41,882
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