Nonprofit · EIN 23-3062230
FIRST PHILADELPHIA PREPARATORY CHARTER SCHOOL
Tax-exempt · PHILADELPHIA, PA 19124
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $44,640,286 | $40,321,627 | $4,318,659 | $68,452,453 | $47,408,037 | $21,044,416 |
| June 30, 2024 | 990 | $48,914,614 | $38,105,378 | $10,809,236 | $67,004,864 | $50,279,107 | $16,725,757 |
| June 30, 2023 | 990 | $39,399,233 | $32,524,773 | $6,874,460 | $60,342,967 | $54,426,446 | $5,916,521 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $5,502,846
- of which government grants
- $5,389,103
- Program service revenue
- $38,123,843
- Investment income
- $884,961
- Other revenue
- $128,636
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $246,913
- Other salaries and wages
- $10,760,531
- Salaries, compensation and benefits (total)
- $13,096,500
- Professional fundraising fees
- $0
- Legal fees
- $531,051
- Accounting fees
- $55,952
- Occupancy
- $1,263,020
- Travel
- $21,451
- Depreciation
- $2,553,710
- Program services (functional)
- $35,633,625
- Management and general (functional)
- $4,688,002
Balance sheet and other
- Total assets, start of year
- $67,004,864
- Total assets, end of year
- $68,452,453
- Total liabilities, end of year
- $47,408,037
- Net assets, end of year
- $21,044,416
- Land, buildings and equipment
- $5,099,378
- Net assets without donor restrictions
- $21,044,416
- Gross receipts
- $44,640,286
- Employees
- 205
- Volunteers
- 6
- Year formed
- 2002
- 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.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DEBORAH SMITH | chief executive officer Officer | 40 | $166,310 | $73,737 |
| Erina Pearlstein | Principal Highest-paid employee | 40 | $133,441 | $52,098 |
| Jennifer Marsico | Principal Highest-paid employee | 40 | $137,229 | $30,231 |
| Nicholas Brown | Director of Climate Highest-paid employee | 40 | $108,206 | $59,061 |
| Damon Crutchfield | Dean Highest-paid employee | 40 | $105,444 | $49,424 |
| Kimberly Atias | Special Education Coordinator Highest-paid employee | 40 | $120,319 | $29,349 |
| ANITA VEGA-KAISER | president Trustee or director, Officer | 1 | $0 | $0 |
| TERESA GRUMBRECHT | treasurer Trustee or director, Officer | 0 | $0 | $0 |
| Shoshana Stokes | Secretary Trustee or director, Officer | 1 | $0 | $0 |
| Dr Martha J Ritter | Vice President Trustee or director, Officer | 1 | $0 | $0 |
| Mydirah Littlepage-Saunders | Trustee Trustee or director | 1 | $0 | $0 |
| John Bish | Treasurer (Term 9/2024) Trustee or director, Officer | 1 | $0 | $0 |
990 for the year ended June 30, 2024: 11 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DEBORAH SMITH | chief executive officer Officer | 40 | $156,885 | $70,726 |
| Erina Pearlstein | School Principal Leader High Highest-paid employee | 40 | $125,495 | $51,037 |
| Jennifer Marsico | School Principal Leader K-7 Highest-paid employee | 40 | $129,298 | $29,897 |
| Pashen Solomon-Jackson | School Principal Leader k-7 Highest-paid employee | 40 | $110,468 | $29,053 |
| Kimberly Atias | Special Education Coordinator Highest-paid employee | 1 | $105,088 | $28,720 |
| ANITA VEGA-KAISER | chair Trustee or director, Officer | 1 | $0 | $0 |
| TERESA GRUMBRECHT | Vice Chair Trustee or director, Officer | 0 | $0 | $0 |
| BARBARA SAUNDERS | Secretary Trustee or director, Officer | 1 | $0 | $0 |
| John Bish | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Martha Ritter | Board member Trustee or director | 1 | $0 | $0 |
| Shoshana Skates | Parent member Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 10 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DEBORAH SMITH | CEO Officer | 40 | $148,279 | $59,454 |
| Erina Pearlstein | School Principal Leader High Highest-paid employee | 40 | $118,383 | $48,951 |
| Jennifer Marsico | School Principal Leader K-7 Highest-paid employee | 40 | $121,999 | $27,774 |
| Pashen Solomon-Jackson | School Principal Leader k-7 Highest-paid employee | 40 | $118,372 | $27,666 |
| ANITA VEGA-KAISER | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| TERESA V GRUMBRECHT | Vice President Trustee or director, Officer | 1 | $0 | $0 |
| BARBARA SAUNDERS | Secretary Trustee or director, Officer | 1 | $0 | $0 |
| MARTHA RITTER | member Trustee or director | 1 | $0 | $0 |
| JOSH BISH | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| Shoshana Skates | Parent Member Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 4300 TACONY ST, PHILADELPHIA, PA 19124-4134
- In care of
- % SANTILLI & THOMSON LLC
- Principal officer (990 for 2024)
- DEBORAH SMITH, 4300 Tacony Street, Philadelphia, PA 19124
- Signed the 990
- DEBORAH SMITH, CEO
- Phone
- (215) 743-3100
- Return prepared by
- WITHUMSMITHBROWN PC
Mission
THE MISSION OF FIRST PHILADELPHIA PREPARATORY CHARTER SCHOOL IS TO PROVIDE A HIGH QUALITY PUBLIC EDUCATION TO STUDENTS IN GRADES K-12 IN PHILADELPHIA.
Program accomplishments
- FIRST PHILADELPHIA PREPARATORY CHARTER SCHOOL IS A CHARTER SCHOOL IN THE CITY OF PHILADELPHIA, PENNSYLVANIA, WHICH PROVIDES EDUCATIONAL INSTRUCTION TO STUDENTS FROM GRADES K THROUGH 12.Expenses $35,633,625 · revenue $38,252,479
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 23-3062230
- 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
- 2002
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B29)
- Assets (IRS master file)
- $68,452,453
- Income (IRS master file)
- $44,640,286
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $44,640,286 | $40,321,627 | $68,452,453 | IRS |
| 990 | June 2024 | $48,914,614 | $38,105,378 | $67,004,864 | IRS |
| 990 | June 2023 | $39,399,233 | $32,524,773 | $60,342,967 | XML |
| 990 | June 2022 | $34,220,830 | $29,391,287 | $56,045,316 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 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 (search EIN 23-3062230).
Questions about FIRST PHILADELPHIA PREPARATORY CHARTER SCHOOL
- What is the EIN of FIRST PHILADELPHIA PREPARATORY CHARTER SCHOOL?
- The employer identification number (EIN) of FIRST PHILADELPHIA PREPARATORY CHARTER SCHOOL is 23-3062230.
- Is FIRST PHILADELPHIA PREPARATORY CHARTER SCHOOL tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
- Are donations to FIRST PHILADELPHIA PREPARATORY CHARTER SCHOOL tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FIRST PHILADELPHIA PREPARATORY CHARTER 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 FIRST PHILADELPHIA PREPARATORY CHARTER 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 FIRST PHILADELPHIA PREPARATORY CHARTER 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 FIRST PHILADELPHIA PREPARATORY CHARTER SCHOOL?
- The 990 for the year ended June 30, 2025 names DEBORAH SMITH.
- Who are the officers and directors of FIRST PHILADELPHIA PREPARATORY CHARTER SCHOOL?
- The 990 for the year ended June 30, 2025 lists 12 people; 6 received compensation from the organization, the highest $166,310 (DEBORAH SMITH, chief executive officer).
- How much revenue does FIRST PHILADELPHIA PREPARATORY CHARTER SCHOOL have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $44,640,286, expenses of $40,321,627 and total assets of $68,452,453 at year end.
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