MAST COMMUNITY CHARTER SCHOOL III

EIN: 831383617 501(c)(3) Education

PHILADELPHIA, PA

Total Revenue
$24,993,487
Total Expenses
$20,614,751
Total Assets
$56,661,594
Net Assets
$17,245,138
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
PA
Principal Officer
JAN BROPHY
Phone
8565051300
Tax Period
2022-07-01 to 2023-06-30

MAST COMMUNITY CHARTER SCHOOL III, founded in 2017, is a mid-sized nonprofit in the Education sector that reported $25.0M in total revenue in fiscal year 2022. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $4.4M, a strong 18% operating margin.

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.

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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 $7,568,173
Program Service Revenue $17,054,351
Investment Income $351,369
Other Revenue $19,594
TOTAL REVENUE $24,993,487

Expense Breakdown

Grants Paid $0
Salaries & Benefits $10,784,290
Fundraising Expenses $0
Program Expenses $17,480,363
Other Expenses $9,830,461
TOTAL EXPENSES $20,614,751

Year-over-Year Comparison

2022 2021 Change
Revenue $24,993,487 $21,172,350 +0.2%
Expenses $20,614,751 $16,153,591 +0.3%
Net Income $4,378,736 $5,018,759 -0.1%
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
8
Independent Members
8
Employees
224
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
$149,541
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAN BROPHY BOARD PRESIDENT 3.00
Officer Director
$0 $0 $0
LINDA GOTLIEB BOARD VICE PRESIDENT 3.00
Officer Director
$0 $0 $0
MIKE MCGRENEHAN BOARD SECRETARY/TREASURER 3.00
Officer Director
$0 $0 $0
JENNIFER BULLICK BOARD MEMBER 3.00
Director
$0 $0 $0
ANDREA DEVINE BOARD MEMBER 3.00
Director
$0 $0 $0
TOM SCOPINICH BOARD MEMBER 3.00
Director
$0 $0 $0
JESSA CINTRON BOARD MEMBER 3.00
Director
$0 $0 $0
JULIA THOMAS BOARD MEMBER 3.00
Director
$0 $0 $0
PHILLIP SERPIELLO PRINCIPAL 40.00
Officer
$125,305 $24,236 $149,541
RICHARD GEAR HEAD OF CULTURE & CLIMATE 40.00
Highest
$107,440 $23,343 $130,783
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 $24,993,487 $20,614,751 $56,661,594 $4,378,736
2022 $21,172,350 $16,153,591 $53,124,349 $5,018,759
2021 $17,192,764 $12,119,543 $9,971,305 $5,073,221
2020 $13,540,864 $10,766,442 $5,002,689 $2,774,422
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