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Belmont Charter School

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 371437182 ✦ Philadelphia, PA ✦ Designated as a 501(c)(3)

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Overview

What is Belmont Charter School?

Belmont Charter School (BCS) is a community-focused charter institution dedicated to the Belmont area. With a mission to foster the academic, social, and emotional growth of every student, this nonprofit school serves the local community. By operating a charter school, BCS offers an alternative educational environment that prioritizes the overall well-being of each child.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 79% (Three-Star out of Four Star rating)

Belmont Charter School has received a solid Three-Star rating from Charity Navigator, indicating a fair level of accountability and financial health. With a score of 79%, the organization demonstrates strong management practices, including 100% of its board members being independent, which is a positive indicator of governance.

The nonprofit excels in its financial oversight, scoring full marks in areas such as material diversion of assets, conflict of interest policies, and whistleblower protections. Additionally, the program expense ratio of 70.43% suggests that a significant portion of its resources is effectively allocated to its programs, which is crucial for mission-driven organizations.

While the overall score reflects a competent operation, there may be potential areas for improvement to enhance transparency and efficiency further. However, the existing strengths signify a commitment to responsible stewardship, which can be reassuring for stakeholders and supporters.


This AI summary has been generated from information found on Charity Navigator.

Is Belmont Charter School legitimate?

Belmont Charter School is a legitimate nonprofit organization registered as a 501(c)(3) entity. Belmont Charter School submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $161,431
Professional Fundraising Fees: $0
Other Salaries and Wages: $9,672,549

For more financial information, click here

What is the mission statement of Belmont Charter School?

Belmont Charter School is dedicated to the well-being of each student, focusing on their academic, social, and emotional growth. The school's mission is geared towards nurturing the holistic development of every child in its care. The community-driven charter school aims to foster a learning environment that prioritizes the overall health and success of each student.

Who is the CEO of Belmont Charter School?

Jennifer Faustman is the Ceo of Belmont Charter School. The CEO's salary of Belmont Charter School is $138,000 and their total compensation is $159,353.

What is the revenue of Belmont Charter School?

Belmont Charter School's revenue in 2022 was $21,008,354.

Who are the executives of Belmont Charter School and what are their salaries?

The average compensation at Belmont Charter School during 2022 was $42,206. There are 233 employees at Belmont Charter School.


Here are 8 key members and their salaries (Belmont Charter School's CEO's salary is $138,000 and their total compensation is $159,353):


Jennifer Faustman (Ceo)
  • Compensation: $138,000
  • Related: $0
  • Other: $21,353
Michael Karp (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Leslie Convey (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alice Gibbs (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lisa Kaminsky (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dominique Reiff (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Parico (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rebecca Tyer (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Belmont Charter School?

Belmont Charter School's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Belmont Charter School

Belmont Charter School, a community-based charter institution, is dedicated to fostering the academic, social, and emotional well-being of each child it serves. Nestled within the Belmont community, this mission-driven organization puts great emphasis on the holistic development of its students, ensuring they grow into well-rounded individuals.

By prioritizing the needs of its students, Belmont Charter School sets out to create an environment that nurtures academic success alongside emotional and social growth. The school's commitment to this mission is unwavering, as it strives to promote a learning experience tailored to the unique needs of every child.

The Belmont Charter School community recognizes the importance of not only academic achievement but also the social and emotional well-being of its students. By fostering a supportive learning environment, the school enables its students to develop essential skills and values, preparing them for a successful future.

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Impact




October, 2024

Belmont Charter School (BCS) significantly impacts the Belmont community by fostering the academic, social, and emotional development of its students. By providing a supportive and enriching educational environment, BCS actively works to enhance the learning experiences of children within Philadelphia, PA. The school's commitment to holistic education addresses not just academic achievement, but also nurtures the overall well-being of each child, preparing them for future success in life. As a cornerstone of the Belmont Community, BCS plays a crucial role in shaping the next generation, cultivating a sense of belonging, and promoting the values of education and personal growth.




This information is meant to be a general summary of Belmont Charter School. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$21,008,354 (2022)
201120122013201420152016201720182019202020212022$0$5.5M$11M$16.5M$22M
Expenses
$18,683,403 (2022)
201120122013201420152016201720182019202020212022$0$5M$10M$15M$20M
Efficiency
2011201220132014201520162017201820192020202120220%15%30%45%62%

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $16,358,441
  • Gross Receipts: $21,008,354

Assets and Liabilities:

  • Total Assets: $6,922,339
  • Total Liabilities: $11,084,467
  • Net Assets: -$4,162,128

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

FOOD SERVICE

Revenue

$1,037,255

OTHER

Revenue

$189,044

TUITION

Revenue

$15,132,142

Organization Details

Founding Year

2002

Principal Officer

Jennifer Faustman

Main Address

1301 BELMONT AVENUE, PHILADELPHIA, PA, 19104

NTEE Category

Code: B29 - Education

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