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Nonprofit · EIN 20-5593485

MASTERY CHARTER SCHOOLS FOUNDATION

Tax-exempt · PHILADELPHIA, PA 19144

Financials

$8.2M$5.6M2024
Revenue Expenses · by fiscal year end
Financials of MASTERY CHARTER SCHOOLS FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$8,240,277$5,631,657$2,608,620$118,388,197$56,155,664$62,232,533
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$1,577,204
Program service revenue
$5,562,330
Investment income
$926,951
Net rental income
$173,792
Net gain from sales of assets
$37,092
Other revenue
$173,792

Expenses

Grants and similar amounts paid
$2,089,112
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$103,711
Program services (functional)
$5,397,365
Management and general (functional)
$232,223
Fundraising (functional)
$2,069

Balance sheet and other

Total assets, start of year
$115,413,557
Total assets, end of year
$118,388,197
Total liabilities, end of year
$56,155,664
Net assets, end of year
$62,232,533
Land, buildings and equipment
$10,623,497
Publicly traded securities
$29,695,884
Net assets without donor restrictions
$48,656,447
Net assets with donor restrictions
$13,576,086
Gross receipts
$9,668,302
Employees
0
Volunteers
4
Year formed
2006
State of legal domicile
PA

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended June 30, 2025, highest compensation first.

NameTitleHours / weekCompensation
STEPHEN COHNPRESIDENT
Trustee or director, Officer
1$0
WILLIAM LUTERMANBOARD MEMBER
Trustee or director
1$0
WALTER MANERBOARD MEMBER
Trustee or director
1$0
MONA ZANDERBOARD MEMBER (UNTIL 6/30/25)
Trustee or director
1$0

Address and contacts

Address (IRS master file)
5700 WAYNE AVE, PHILADELPHIA, PA 19144-3314
In care of
% SCOTT GORDON
Principal officer (990 for 2024)
STEPHEN COHN, 5700 WAYNE AVENUE, PHILADELPHIA, PA 19144
Signed the 990
STEPHEN COHN, PRESIDENT
Phone
(215) 866-9000
Return prepared by
BAKER TILLY ADVISORY GROUP LP

Mission

TO DEVELOP AND PROVIDE FINANCIAL SUPPORT FOR THE MASTERY NETWORK OF CHARTER SCHOOLS.

990 for the year ended June 30, 2025

Program accomplishments

  • THE ORGANIZATION WILL DRIVE EDUCATIONAL REFORM BY SUPPORTING THE ACADEMIC AND OPERATIONAL PROGRAMS OF MASTERY CHARTER SCHOOLS.THE FOUNDATION PROVIDES GRANTS AND SCHOLARSHIPS TO THE SCHOOLS OF THE MASTERY CHARTER SCHOOL NETWORK FOR THE PURPOSE OF EXPANSION, COLLEGE PREPARATION, FUNDRAISING, AND GENERAL OPERATIONS.
    Expenses $5,397,365 · grants $2,089,112 · revenue $5,562,330

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
20-5593485
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2007
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B12)
Assets (IRS master file)
$118,388,197
Income (IRS master file)
$9,668,302

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025–––IRS
990June 2024–––IRS
990June 2023$9,714,744$6,376,911$113,466,103IRS
990June 2022$9,942,380$6,664,233$110,945,327IRS
990June 2021–––IRS
990June 2020–––IRS
990June 2018–––IRS

990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.

Questions about MASTERY CHARTER SCHOOLS FOUNDATION

What is the EIN of MASTERY CHARTER SCHOOLS FOUNDATION?
The employer identification number (EIN) of MASTERY CHARTER SCHOOLS FOUNDATION is 20-5593485.
Is MASTERY CHARTER SCHOOLS FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
Are donations to MASTERY CHARTER SCHOOLS FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does MASTERY CHARTER SCHOOLS FOUNDATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of MASTERY CHARTER SCHOOLS FOUNDATION due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did MASTERY CHARTER SCHOOLS FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of MASTERY CHARTER SCHOOLS FOUNDATION?
The 990 for the year ended June 30, 2025 names STEPHEN COHN.
Who are the officers and directors of MASTERY CHARTER SCHOOLS FOUNDATION?
The 990 for the year ended June 30, 2025 lists 4 people; 0 received compensation from the organization.
How much revenue does MASTERY CHARTER SCHOOLS FOUNDATION have?
On its 990 for the year ended June 30, 2025 it reported revenue of $8,240,277, expenses of $5,631,657 and total assets of $118,388,197 at year end.

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