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Nonprofit · EIN 23-2844857

JUBILEE SCHOOL

Tax-exempt · PHILADELPHIA, PA 19104

Financials

$755K$803K2024
Revenue Expenses · by fiscal year end
Financials of JUBILEE SCHOOL by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$755,118$802,658-$47,540$228,533$284,089-$55,556
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$563,788
of which government grants
$52,734
Program service revenue
$176,435
Investment income
$4
Net income from fundraising events
$236
Other revenue
$14,891

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$45,000
Other salaries and wages
$400,038
Salaries, compensation and benefits (total)
$526,681
Professional fundraising fees
$0
Accounting fees
$37,821
Occupancy
$60,643
Travel
$95
Depreciation
$8,242
Program services (functional)
$673,728
Management and general (functional)
$109,865
Fundraising (functional)
$19,065

Balance sheet and other

Total assets, start of year
$314,443
Total assets, end of year
$228,533
Total liabilities, end of year
$284,089
Net assets, end of year
-$55,556
Land, buildings and equipment
$96,329
Net assets without donor restrictions
-$251,098
Net assets with donor restrictions
$195,542
Gross receipts
$756,677
Employees
24
Year formed
1977
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
JAMILA CARTEREX DIRECTOR/
Trustee or director, Officer
40$45,000
KAREN ASPER JORDANBOARD CHAIR
Trustee or director
2$0
KAREN FALCONDIRECTOR
Trustee or director
2$0
LEILA FALCONDIRECTOR
Trustee or director
2$0
LARONNDA THOMPSONDIRECTOR
Trustee or director
2$0

Address and contacts

Address (IRS master file)
4211 CHESTER AVE, PHILADELPHIA, PA 19104-4415
Principal officer (990 for 2024)
KAREN FALCON, 4211 CHESTER AVENUE, PHILADELPHIA, PA 19104
Signed the 990
KAREN FALCON, DIRECTOR
Phone
(215) 387-7592
Return prepared by
BARATZ & ASSOCIATES PA

Mission

JUBILEE SCHOOL MISSION IS TO EMPOWER AT RISK CHILDREN IN LOW INCOME NEIGHBORHOODS IN PHILADELPHIA. THE GOAL IS TO PROVIDE AN ALTERNATIVE TO PUBLIC SCHOOL IN WHICH THE CURIOSITY, CREATIVITY, AND ENTHUSIASM CHILDREN BEGIN WITH WOULD BE KEPT ALIVE THROUGHOUT THEIR SCHOOL YEARS.

990 for the year ended June 30, 2025

Program accomplishments

  • OPERATION OF A PRIMARY SCHOOL IN INNER-CITY PHILADELPHIA
    Expenses $673,728 · revenue $176,435

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
23-2844857
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
School
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1997
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B24Z)
Assets (IRS master file)
$228,533
Income (IRS master file)
$756,677

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025–––IRS
990June 2024–––IRS
990June 2023$1,031,663$821,564$233,686IRS
990June 2022$856,894$881,905$264,677IRS
990June 2021–––IRS
990June 2020–––IRS
990June 2019–––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 JUBILEE SCHOOL

What is the EIN of JUBILEE SCHOOL?
The employer identification number (EIN) of JUBILEE SCHOOL is 23-2844857.
Is JUBILEE SCHOOL tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
Are donations to JUBILEE SCHOOL tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does JUBILEE SCHOOL 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 JUBILEE SCHOOL 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 JUBILEE SCHOOL 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 JUBILEE SCHOOL?
The 990 for the year ended June 30, 2025 names KAREN FALCON.
Who are the officers and directors of JUBILEE SCHOOL?
The 990 for the year ended June 30, 2025 lists 5 people; 1 received compensation from the organization, the highest $45,000 (JAMILA CARTER, EX DIRECTOR/).
How much revenue does JUBILEE SCHOOL have?
On its 990 for the year ended June 30, 2025 it reported revenue of $755,118, expenses of $802,658 and total assets of $228,533 at year end.

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