Nonprofit · EIN 56-2428125
FRIENDS OF THE PREPARATORY CHARTER SCHOOL
Tax-exempt · PHILADELPHIA, PA 19145
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $477,393 | $471,094 | $6,299 | $7,608,210 | $5,473,246 | $2,134,964 |
| December 31, 2024 | 990 | $264,509 | $314,873 | -$50,364 | $5,636,582 | $3,507,917 | $2,128,665 |
| December 31, 2023 | 990 | $245,290 | $326,501 | -$81,211 | $3,279,779 | $1,100,750 | $2,179,029 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $441,432
- Investment income
- $35,961
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Depreciation
- $269,875
- Program services (functional)
- $437,960
- Management and general (functional)
- $33,134
Balance sheet and other
- Total assets, start of year
- $5,636,582
- Total assets, end of year
- $7,608,210
- Total liabilities, end of year
- $5,473,246
- Net assets, end of year
- $2,134,964
- Land, buildings and equipment
- $6,837,251
- Net assets without donor restrictions
- $2,134,964
- Gross receipts
- $477,393
- Employees
- 0
- Year formed
- 2003
- 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 December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHARLES PEARSALL III | PRESIDENT Trustee or director, Officer | – | $0 |
| JOHN H RICHARDSON | SECRETARY Trustee or director, Officer | – | $0 |
| MICHAEL GIANGIORDANO | TREASURER Trustee or director, Officer | – | $0 |
| WICK SAVAGE | MEMBER Trustee or director | – | $0 |
990 for the year ended December 31, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHARLES PEARSALL III | PRESIDENT Trustee or director, Officer | 15 | $0 |
| JOHN H RICHARDSON | SECRETARY Trustee or director, Officer | 5 | $0 |
| MICHAEL GIANGIORDANO | TREASURER Trustee or director, Officer | 5 | $0 |
| WICK SAVAGE | MEMBER Trustee or director | 5 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHARLES PEARSALL III | PRESIDENT Trustee or director, Officer | 15 | $0 |
| JOHN H RICHARDSON | SECRETARY Trustee or director, Officer | 5 | $0 |
| MICHAEL GIANGIORDANO | TREASURER Trustee or director, Officer | 5 | $0 |
| WICK SAVAGE | MEMBER Trustee or director | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 1928 POINT BREEZE AVE, PHILADELPHIA, PA 19145-2612
- In care of
- % CHARLES PEARSALL III
- Principal officer (990 for 2025)
- CHARLES PEARSALL III, 1824 FITZWATER STREET, PHILADELPHIA, PA 19146
- Signed the 990
- CHARLES PEARSALL III, PRESIDENT
- Phone
- (215) 778-1980
- Return prepared by
- VERNA & ASSOCIATES
Mission
THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO MANAGE THE FACILITY OCCUPIED BY THE PREPARATORY CHARTER SCHOOL OF MATHEMATICS, SCIENCE, TECHNOLOGY, AND CAREERS (THE SCHOOL), A PENNSYLAVANIA NONPROFIT CORPORATION.
Program accomplishments
- THE EXEMPT PURPOSE ACCOMPLISHMENT OF THE FRIENDS OF THE PREPARATORY CHARTER SCHOOL IS TO SUPPORT THE PREPARATORY CHARTER SCHOOL OF MATHEMATICS, SCIENCE, TECHNOLOGY AND CAREERS A PENNSYLVANIA NONPROFIT CORPORATION BY MANAGING THE FACILITY OCCUPIED BY THE SCHOOL.Expenses $437,960 · revenue $441,432
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 56-2428125
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 2004
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A11)
- Assets (IRS master file)
- $7,608,210
- Income (IRS master file)
- $477,393
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $477,393 | $471,094 | $7,608,210 | XML |
| 990 | December 2024 | $264,509 | $314,873 | $5,636,582 | XML |
| 990 | December 2023 | $245,290 | $326,501 | $3,279,779 | XML |
| 990 | December 2021 | $216,458 | $297,776 | $3,536,059 | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 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 56-2428125).
Questions about FRIENDS OF THE PREPARATORY CHARTER SCHOOL
- What is the EIN of FRIENDS OF THE PREPARATORY CHARTER SCHOOL?
- The employer identification number (EIN) of FRIENDS OF THE PREPARATORY CHARTER SCHOOL is 56-2428125.
- Is FRIENDS OF THE PREPARATORY CHARTER SCHOOL tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2004.
- Are donations to FRIENDS OF THE PREPARATORY CHARTER SCHOOL tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does FRIENDS OF THE 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 FRIENDS OF THE PREPARATORY CHARTER SCHOOL due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FRIENDS OF THE PREPARATORY CHARTER SCHOOL last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of FRIENDS OF THE PREPARATORY CHARTER SCHOOL?
- The 990 for the year ended December 31, 2025 names CHARLES PEARSALL III.
- Who are the officers and directors of FRIENDS OF THE PREPARATORY CHARTER SCHOOL?
- The 990 for the year ended December 31, 2025 lists 4 people; 0 received compensation from the organization.
- How much revenue does FRIENDS OF THE PREPARATORY CHARTER SCHOOL have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $477,393, expenses of $471,094 and total assets of $7,608,210 at year end.
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