2016-05-02T13:13:42-05:00 2015-06-30 222428965 CITRIN COOPERMAN & COMPANY LLP 1800 JFK BOULEVARD 20TH FLOOR PHILADELPHIA PA 19103 990 2014-07-01 020534735 WISSAHICKON CHARTER SCHOOL WISS 2673381020 4700 WISSAHICKON AVE PHILADELPHIA PA 19144 JAMAL ELLIOTT CHIEF OPERATING OFFICER 2673381020 2016-03-24 1 KEVIN RYAN CPA P00383430 2155454800 2014 2016-08-17 19:52:53Z JAMAL ELLIOTT 4700 WISSAHICKON AVE PHILADELPHIA PA 19144 10782250 0 1 X WWW.WISSAHICKONCHARTER.ORG X 2001 PA THE MISSION OF THE WISSAHICKON CHARTER SCHOOL IS TO PROVIDE A COMMUNITY OF LEARNING WITH AN ENVIRONMENTAL FOCUS THAT STIMULATES THE CHILD'S INTELLECTUAL, SOCIAL, AND CHARACTER DEVELOPMENT. 9 9 160 15 0 0 1290889 1535797 5921970 9243183 1301 3270 0 -18987 7214160 10763263 1000 0 0 0 4098328 6572248 0 0 56887 2010489 4193967 6109817 10766215 1104343 -2952 5403393 6680158 2468677 11832425 2934716 -5152267 THE MISSION OF THE WISSAHICKON CHARTER SCHOOL IS TO PROVIDE A COMMUNITY OF LEARNING WITH AN ENVIRONMENTAL FOCUS THAT STIMULATES THE CHILD'S INTELLECTUAL, SOCIAL, AND CHARACTER DEVELOPMENT. 0 0 7892682 9315183 THE MISSION OF THE WISSAHICKON CHARTER SCHOOL IS TO PROVIDE A COMMUNITY OF LEARNING WITH AN ENVIRONMENTAL FOCUS THAT STIMULATES THE CHILD'S INTELLECTUAL, SOCIAL, AND CHARACTER DEVELOPMENT. 7892682 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 1 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 9 0 1 160 1 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X X CHARTER CHOICES 2154819777 222 NORTH KESWICK AVENUE GLENSIDE PA 19038 JENNIFER BIEDEL - RESIGNED SECRETARY 2.00 X 0 0 0 RICHARD BINSWANGER MEMBER 2.00 X 0 0 0 DAWN CHAVOUS MEMBER 2.00 X 0 0 0 ELLEN LUTZ MEMBER 2.00 X 0 0 0 CHARLES RICE MEMBER 2.00 X 0 0 0 ISAAC EWELL CHAIR 2.00 X 0 0 0 FRAN BRADLEY MEMBER 2.00 X 0 0 0 JUSTIN DIBERADINIS MEMBER 2.00 X 0 0 0 TATIANA GARCIA-GRANADOS MEMBER 2.00 X 0 0 0 JUSTIN WHEELER TREASURER 2.00 X 0 0 0 KEVIN WILSON - RESIGNED MEMBER 2.00 X 0 0 0 JAMAL ELLIOTT CO-CEO 40.00 X 137700 0 64577 KRISTINA LITTELL CO-CEO 40.00 X 135000 0 42553 272700 0 107130 2 0 1 0 AETNA PO BOX 804735 CHICAGO IL 60680 INSURANCE 825798 ISRAEL M DOLGIN ASSOC 75 REMITTANCE DR SUITE 6628 CHICAGO IL 60675 PROPERTY SERVICE 632266 DALE-BSI JV LLC 70 LIMEKILN PIKE GLENSIDE PA 19038 CONTRACTOR 274296 LINTON'S MANAGED SERVICES 2947 FELTON RD E NORRITION PA 19401 MEAL SERVICES 273840 REMINGTON GROUP INC 351 EAST CONESTOGA ROAD WAYNE PA 19087 BUILDING ACQUISITION AND CONSTRUCTION 229579 8 72000 641826 821971 1535797 LOCAL SOURCES 611110 8602951 8602951 FOOD SERVICES 611110 448231 448231 STATE REIMBURSEMENTS 611110 192001 192001 9243183 3270 3270 0 72000 18987 -18987 -18987 10763263 9243183 0 -15717 272700 272700 3962017 2929763 992254 40000 870341 582387 276796 11158 1052054 983188 66197 2669 415136 290465 121611 3060 111148 111148 84125 84125 37401 37401 603256 589019 14237 3843 3843 118792 3963 114829 1347894 1078314 269580 6819 6819 81239 81239 241530 241530 107782 41927 65855 FOOD SERVICE 679085 679085 INSTRUCTIONAL SUPPLIES 332423 332423 STIPENDS 176167 130337 45830 OTHER PURCHASED SERVICE 171648 171648 90815 10281 80534 10766215 7892682 2816646 56887 1254009 1183603 329644 597782 297353 212396 6034475 2205968 3471493 3828507 50894 857870 5403393 6680158 740850 748382 1727827 1796043 0 9288000 2468677 11832425 X 2934716 -5152267 2934716 -5152267 5403393 6680158 X -2952 -8084031 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5323894 1699911 3623983 386509 324800 61709 324072 181257 142815 3828507 SECURITY DEPOSIT 50000 DUE FROM FOUNDATIONS 842 DEFERRED OUTFLOWS OF RESOURCES RELATED TO PENSION 807028 857870 PENSION LIABILITY 8668000 DEFERRED INFLOWS OF RESOURCES RELATED TO PENSION 620000 9288000 X 10763263 0 10763263 0 10763263 10766215 0 10766215 0 10766215 PART X, LINE 2: THE SCHOOL ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN WHICH TAX POSITIONS INITIALLY NEED TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. IT ALSO PROVIDES GUIDANCE FOR DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. AS OF JUNE 30, 2015, THE SCHOOL HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFIED FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. ADDITIONALLY, THE SCHOOL HAD NO INTEREST AND PENALTIES RELATED TO INCOME TAXES. THE SCHOOL FILES AN INCOME TAX RETURN IN THE U.S. FEDERAL JURISDICTION. WITH FEW EXCEPTIONS, THE SCHOOL IS NO LONGER SUBJECT TO U.S. FEDERAL INCOME TAX EXAMINATIONS BY TAXING AUTHORITIES FOR YEARS BEFORE JUNE 30, 2012. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 CHARTER SCHOOL LAW PROHIBITS DISCRIMINATION. SCHEDULE E, PART I, LINE 6 ORGANIZATION RECEIVES FUNDING FROM THE SCHOOL DISTRICT OF PHILADELPHIA AND THE PA DEPARTMENT OF EDUCATION. SPRING EVENT 72000 72000 18987 72000 72000 18987 18987 -18987 X 0 0 0 0 0 0 0 0 0 JAMAL ELLIOTT CO-CEO 137700 0 0 0 0 0 35582 0 28995 0 202277 0 0 0 KRISTINA LITTELL CO-CEO 135000 0 0 0 0 0 25697 0 16856 0 177553 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 LINE 11A EXPLANATION - THE BOARD IS PROVIDED A COPY OF A 990 FOR THEIR REVIEW. ONCE REVIEWED BY THE BOARD, THE 990 IS SUBMITTED TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION IS REQUIRED BY LAW TO HAVE ALL BOARD MEMBERS AND KEY EMPLOYEES FILE A CONFLICT OF INTEREST STATEMENT ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF TRUSTEES DETERMINES SALARIES FOR ALL KEY EMPLOYEES. THE ORGANZIATION REVIEWS COMPENSATION ON AN ANNUAL BASIS AND COMPARES ITS SALARIES TO OTHER LOCAL SCHOOLS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. PART XI LINE 9 EXPLANATION DURING THE FISCAL YEAR ENDING JUNE 30, 2015, THE SCHOOL WAS REQUIRED TO IMPLEMENT GASB 68. THIS ACCOUNTING STANDARD REQUIRED THE SCHOOL TO REPORT ITS PROPORTIONATE SHARE OF THE NET PENSION LIABILITY OF THE UNDERFUNDED COST-SHARING MULTI-EMPLOYER DEFINED BENEFIT PENSION PLAN PROVIDED BY THE COMMONWEALTH OF PENNSYLVANIA. IN RECORDING THE LIABILITY AND DEFERRED OUTFLOWS, THE NET ASSETS/FUND BALANCES WERE ADJUSTED RESULTING IN A YEAR-END NEGATIVE BALANCE. EACH YEAR, THE SCHOOL'S PROPORTIONATE SHARE OF THE LIABILITY WILL BE ADJUSTED. THE ADJUSTMENT WILL BE DONE IN ACCORDANCE WITH THE ACCOUNTING STANDARD BUT WILL NOT HAVE AN EFFECT ON THE ONGOING CASH REQUIREMENTS OF THE SCHOOL. WISSAHICKON FOUNDATION 4700 WISSAHICKON AVE PHILADELPHIA PA 19144 SERVES COMMUNITY AROUND WISSAHICKON CHARTER SCHOOL PA 501 (C)(3) LINE 9 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 WISSAHICKON FOUNDATION E 842 ACTUAL