2025-03-24T07:20:14-05:00 2024-06-30 223008776 HAEFELE FLANAGAN & CO PC 1000 S LENOLA ROAD MAPLE SHADE NJ 08052 990 2023-07-01 262133132 PAN AMERICAN ACADEMY CHARTER SCHOOL PANA 2154251212 2830 NORTH AMERICAN STREET PHILADELPHIA PA 19133 DR DARCY RUSSOTTO CHIEF EXECUTIVE OFFICER 2154251212 2025-03-19 1 1 DAVID J GILL JR P00935081 8567225300 2023 2025-03-06 01:10:19Z DR DARCY RUSSOTTO 2830 NORTH AMERICAN STREET PHILADELPHIA PA 19133 18156346 0 X WWW.PANAMERICANACADEMY.ORG X 2008 PA TO PREPARE BILINGUAL, INTERNATIONALLY-MINDED INQUIRERS. 9 9 176 10 0 0 3948468 3996945 11933987 14116718 1296 38018 51700 4665 15935451 18156346 0 0 0 0 10910257 11313206 0 0 0 4747347 6508315 15657604 17821521 277847 334825 23287568 18020748 28472086 23587916 -5184518 -5567168 TO PREPARE STUDENTS FOR A SUCCESSFUL FUTURE BY PROMOTING ACADEMIC EXCELLENCE THROUGH RIGOROUS INSTRUCTION, BILINGUALISM, THE INTEGRATION OF CULTURAL AWARENESS AND RESPECT THROUGHOUT ALL ASPECTS OF CURRICULUM. 0 0 13039598 18113663 PROVIDE A HIGH QUALITY PUBLIC EDUCATION TO STUDENTS FROM GRADES K-8 WITHIN PHILADELPHIA AND SURROUNDING COMMUNITIES. 13039598 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 38 0 1 176 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 1 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X OMNIVEST LLC 2154978301 115 PHEASANT RUN SUITE 210 NEWTOWN PA 18940 ASHLEY FEUER-EDWARDS BOARD MEMBER 1.00 X 0 0 0 DR NELSON FLORES BOARD CHAIR 1.00 X X 0 0 0 DANA ESPINOSA SECRETARY 1.00 X X 0 0 0 DONNA NUCCIO TREASURER 1.00 X X 0 0 0 DR JOSEPH DUCETTE BOARD MEMBER 1.00 X 0 0 0 CAROLINE GORMAN BOARD MEMBER 1.00 X 0 0 0 JESSIKA GARCIA BOARD MEMBER 1.00 X 0 0 0 HECTOR GUZMAN BOARD MEMBER 1.00 X 0 0 0 MARIA GONZALEZ BOARD MEMBER 1.00 X 0 0 0 DARCY RUSSOTTO CHIEF EXECUTIVE OFFICER 40.00 X 176056 0 82034 JOSHUA FINEBERG DIRECTOR OF STUDENT SERVICES 40.00 X 130991 0 64526 MERCEDES WALTON-MASON PRINCIPAL 40.00 X 147049 0 61955 CONSTANCE MALONE DIRECTOR OF CURRICULUM, INSTRUCTION AND ASSESSMENT 40.00 X 106732 0 71592 EVALEEN DEMARCO DIRECTOR OF STRATEGIC INITIATIVES 40.00 X 109817 0 71579 670645 0 351686 5 0 1 0 0 3988778 8167 3996945 LOCAL SCHOOL DISTRICT SUBSIDY 611110 13117379 13117379 FOOD PROGRAM 611110 618983 618983 OTHER PROGRAM 611110 197656 197656 STATE REIMBURSEMENT PROGRAM 611110 182700 182700 14116718 38018 38018 MISCELLANEOUS REVENUE 900099 4665 4665 4665 18156346 14159401 0 0 7862417 6989595 872822 1468350 1280791 187559 1347831 1128523 219308 634608 566875 67733 116746 116746 84499 84499 51800 51800 1475819 946630 529189 1536 680 856 98014 98014 334241 191040 143201 229452 229452 17802 17802 453926 453926 1037772 1037772 149307 149307 APPROVED PRIVATE SCHOOL 662128 662128 FOOD PROGRAM 524576 524576 REPAIRS AND MAINTENANCE 412718 412718 FIELD TRIPS AND TRANSPO 355356 355356 502623 375602 127021 17821521 13039598 4781923 0 3100281 4391619 1401306 1436317 285139 218638 22551321 12485599 16255509 10065722 2245333 1908452 23287568 18020748 2176577 2844757 131628 294856 88736 26075145 20448303 28472086 23587916 X -5184518 -5567168 -5184518 -5567168 23287568 18020748 X 334825 -717475 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2932321 1006195 1926126 2740108 2144475 595633 16878892 9334929 7543963 10065722 DEFERRED OUTFLOW OF RESOURCES 1908452 1908452 LEASE LIABILITY 8218303 NET PENSION LIABILITY 10721000 OPEB LIABILITY 436000 DEFERRED INFLOW OF RESOURCES 1073000 20448303 X 18156346 0 18156346 0 18156346 17821521 0 17821521 0 17821521 PART X, LINE 2: THE SCHOOL IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE SERVICE CODE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. FOR THE CURRENT YEAR ENDED JUNE 30,, THE SCHOOL HAD NO UNRELATED BUSINESS INCOME. THE SCHOOL HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE SCHOOL'S FEDERAL EXEMPT ORGANIZATION INCOME TAX RETURNS (FORM 990) FOR 2023, 2022, AND 2021, ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE ("IRS"), GENERALLY FOR UP TO THREE YEARS AFTER FILED. 1 1 1 1 0 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 WHILE THIS INFORMATION IS NOT PUBLICIZED VIA NEWS OUTLETS OF ANY SORTS. IT IS PUBLICIZED ON STUDENT APPLICATIONS, NOTIFICATIONS, LOTTERY INSTRUCTIONS, AS WELL AS ALL EMPLOYEE DOCUMENTS. SCHEDULE E, PART I, LINE 4 THERE ARE NO SCHOLARSHIPS OR OTHER FINANCIAL ASSISTANCE AWARDED. SCHEDULE E, PART I, LINE 6 THE SCHOOL PARTICIPATES IN REIMBURSEMENT PROGRAMS AND RECEIVES VARIOUS GRANTS FROM THE U.S. DEPARTMENT OF EDUCATION, PASSED THROUGH THE PENNSYLVANIA DEPARTMENT OF EDUCATION AND THE SCHOOL DISTRICT OF PHILADELPHIA. 0 0 0 0 0 0 0 0 0 DARCY RUSSOTTO CHIEF EXECUTIVE OFFICER 174890 0 1166 0 0 0 63137 0 18897 0 258090 0 0 0 MERCEDES WALTON-MASON PRINCIPAL 145879 0 1170 0 0 0 50557 0 11398 0 209004 0 0 0 JOSHUA FINEBERG DIRECTOR OF STUDENT SERVICES 129825 0 1166 0 0 0 46137 0 18389 0 195517 0 0 0 EVALEEN DEMARCO DIRECTOR OF STRATEGIC INITIATIVES 108651 0 1166 0 0 0 37830 0 33749 0 181396 0 0 0 CONSTANCE MALONE DIRECTOR OF CURRICULUM, INSTRUCTION 105566 0 1166 0 0 0 37843 0 33749 0 178324 0 0 0 FORM 990, PART VI, SECTION A, LINE 3 THE SCHOOL CONTRACTS WITH OMNIVEST MANAGEMENT TO PROVIDE BACK OFFICE ACCOUNTING, FINANCIAL, AND OPERATIONAL BUSINESS SUPPORT. OMNIVEST DOES NOT HAVE APPROVAL AUTHORITY. FORM 990, PART VI, SECTION A, LINE 7A FOUR OF THE NINE MEMBERS OF THE BOARD OF TRUSTEES ARE ELECTED BY THE BOARD OF DIRECTORS OF CONGRESO DE LATINOS UNIDOS, A PENNSYLVANIA NONPROFIT CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS FIRST REVIEWED BY SCHOOL MANAGEMENT AND THE BUSINESS MANAGEMENT CONTRACTOR. THE FORM 990 IS DISTRIBUTED TO THE BOARD OF TRUSTEES PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF TRUSTEES MONITORS COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY BY HAVING ANNUAL UPDATES SIGNED BY THE EMPLOYEES, REVIEWED BY THE BOARD OF TRUSTEES AND KEPT IN THE EMPLOYEES FILES. IN ADDITION, MEMBERS OF THE BOARD OF TRUSTEES ARE CONSIDERED TO BE PUBLIC OFFICIALS. THEY ARE REQUIRED TO SUBMIT STATEMENTS OF FINANCIAL INTERESTS ON AN ANNUAL BASIS. THE BOARD OF TRUSTEES AND ADMINISTRATION ARE REQUIRED TO FILE THE STATEMENTS OF FINANCIAL INTEREST BY MAY 1ST, ANNUALLY. THE BOARD REVIEWS THE ADMINISTRATIONS STATEMENTS. BOARD MEMBERS ALSO REVIEW THE OTHER MEMBERS STATEMENTS. ADDITIONALLY, DURING EACH RENEWAL CYCLE WITH SDP, THE CHARTER SCHOOL OFFICE REQUESTS THE STATEMENTS OF FINANCIAL INTEREST OF THE FIVE YEARS DURING THAT RENEWAL PERIOD AND CONDUCTS A REVIEW AS WELL. IF ANY BOARD MEMBER'S INVOLVEMENT IN A CONFLICT OF INTEREST CANNOT BE REMOVED THROUGH ABSTENTATION OF VOTING OR NONPARTICIPATION IN DECISION-MAKING, THE BOARD OF TRUSTEES WILL RECTIFY THE CONFLICT, I.E., VOIDING THE CONTRACT OR HAVING THE BOARD MEMBER RESIGN FROM THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF TRUSTEES USES COMPARABLE DATA AND ANNUAL EVALUATIONS WHEN DETERMINING PAY INCREASES FOR ALL EMPLOYEES. SALARIES ARE REVIEWED AND APPROVED ANNUALLY BY THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: PRIOR PERIOD ADJUSTMENT RELATED TO LEASE CALCULATION ERROR -717,475. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR.