2025-05-12T11:15:13-04:00 2024-06-30 WITHUMSMITHBROWN PC 1835 MARKET STREET SUITE 1710 PHILADELPHIA PA 191032945 990 2023-07-01 232853988 Esperanza Academy Charter School % NEA ESPE 2153240746 4261 North 5th Street Philadelphia PA 19140 ARTEMIO RODRIGUEZ CONTROLLER 2153240746 2025-05-15 true true ERIC M STRAUSS P00991844 2155462140 2023 2025-03-06 01:10:19Z ARTEMIO RODRIGUEZ 4261 North 5th Street Philadelphia PA 19140 38998079 false X ESPERANZAACADEMYCS.ORG X 2000 PA CREATING QUALITY EDUCATION DELIVERY SYSTEMS AND FACILICITIES AS A CONTINUED EFFORT TO RAISE THE ECONOMIC AND SOCIAL LIVES OF THE HISPANIC COMMUNITY THROUGH QUALITY EDUCATION. 9 9 368 9 0 12439222 11885899 22190008 26896218 31216 133738 67883 82224 34728329 38998079 4782 7728 0 0 21539691 24105521 0 0 0 13159358 14747906 34703831 38861155 24498 136924 77069199 77445966 87266762 89424391 -10197563 -11978425 X IN 1987 THE HISPANIC CLERGY OF PHILADELPHIA FOUNDED AND INCORPORATED THE NON-PROFIT ORGANIZATION NUEVA ESPERANZA, INC. (NEI), DBA ESPERANZA, TO PROVIDE SUPPORT TO HISPANIC COMMUNITIES. FOR MORE THAN 30 YEARS NEIS EFFORTS HAVE FOCUSED ON CREATING OPPORTUNITIES FOR HISPANIC CHILDREN AND FAMILIES LIVING IN PHILADELPHIAS HUNTING PARK COMMUNITY. NEIS INTENTIONAL FOCUS ON CREATING QUALITY EDUCATION DELIVERY SYSTEMS AND FACILITIES INCLUDE FOUNDING ESPERANZA ACADEMY CHARTER SCHOOL AS A CONTINUED EFFORT TO RAISE THE ECONOMIC AND SOCIAL LEVELS OF THE HISPANIC COMMUNITY THROUGH QUALITY EDUCATION. ESPERANZA ACADEMY CHARTER SCHOOL IS A CHARTER SCHOOL LOCATED IN PHILADELPHIA, PENNSYLVANIA. THE SCHOOL SERVES GRADES ONE AND SIX THROUGH TWELVE. THE SCHOOL WAS ESTABLISHED AND OPERATES UNDER THE PROVISIONS ENACTED BY THE GENERAL ASSEMBLY OF THE COMMONWEALTH OF PENNSYLVANIA IN 1997. IN SEPTEMBER 2000 NEI RECEIVED A CHARTER FOR THE OPENING OF ESPERANZA ACADEMY CHARTER SCHOOL AND IS CURRENTLY OPERATING UNDE false false 34154038 7728 26978442 In 1987 the Hispanic Clergy of Philadelphia founded and incorporated the non-profit organization Nueva Esperanza, Inc. (NEI), dba Esperanza, to provide support to Hispanic communities. For more than 30 years NEIs efforts have focused on creating opportunities for Hispanic children and families living in Philadelphias Hunting Park community. NEIs intentional focus on creating quality education delivery systems and facilities include founding Esperanza Academy Charter School as a continued effort to raise the economic and social levels of the Hispanic community through quality education. Esperanza Academy Charter School is a charter school located in Philadelphia, Pennsylvania. The School serves grades one and six through twelve. The School was established and operates under the provisions enacted by the General Assembly of the Commonwealth of Pennsylvania in 1997. In September 2000 NEI received a charter for the opening of Esperanza Academy Charter School and is currently operating under a charter school contract ending on June 30, 2019. Esperanza Academy Charter School has financial accountability and control over all activities related to the students education. The School receives funding from local, state, and federal government sources and must comply with the requirements of these funding source entities. 34154038 true true false false false false false false false false true false false true true true true true true false false false false false false false false false true true false false false false false false false false true false false false false true false false false true 76 0 true 368 true false false false false false false false false false false false false false false X 9 9 false true false false false false false true true false false true true true true true true true true false X NEA 2153240746 4261 NORTH 5TH STREET PHILADELPHIA PA 19140 X REV LUIS CORTES JR EX-OFFICIO 2.0 0.0 X 0 396023 117585 DAVID ROSSI CHIEF EXECUTIVE OFFICER 40.0 0.0 X 217686 0 96379 Alicia B Mojica Director of Operations 40.0 0.0 X 113502 0 120965 Jeana G Davis ES DIRECTOR OF INSTRUCTION 40.0 0.0 X 159509 0 70364 Karen Sergovic ESL Coordinator 40.0 0.0 X 113716 0 114336 Jelissa Carias DIR OF STUDENT DEVELOPMENT 40.0 0.0 X 111860 0 114231 Justin Grow English Teacher 40.0 0.0 X 103141 0 122485 ANGEL ORTIZ BOARD CHAIR 2.0 0.0 X X 0 0 0 Wanda Carlo BOARD VICE CHAIR 2.0 0.0 X X 0 0 0 Ricardo Cordero SECRETARY 2.0 0.0 X X 0 0 0 CARMEN ROCHA TREASURER 2.0 0.0 X X 0 0 0 Carmen O Torres Board Member 2.0 0.0 X 0 0 0 Roseilyn Guzman BOARD MEMBER 2.0 0.0 X 0 0 0 TONY PAYTON JR BOARD MEMBER 2.0 0.0 X 0 0 0 NICHOLAS APONTE BOARD MEMBER 2.0 0.0 X 0 0 0 Megan Lopez-Rodriguez Board Member 2.0 0.0 X 0 0 0 819414 396023 756345 15 false true false AMERICAN READING COMPANY 480 NORRISTOWN ROAD BLUE BELL PA 19422 LANGUAGE SKILLS 183725 1 600 11416560 468739 94926 11885899 EDUCATIONAL REVENUE 611600 26827654 26827654 FOOD SERVICES 611710 61484 61484 BOOKSTORE SALES 611710 7080 7080 26896218 133738 133738 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 OTHER INCOME 900099 82224 82224 82224 38998079 26978442 133738 0 7728 7728 0 0 800625 627098 173527 0 16757247 16047597 709650 1622794 1504417 118377 3599996 3477263 122733 1324859 1266333 58526 2218344 2218344 411745 411745 58326 54600 3726 0 0 0 1523110 1343507 179603 40264 27737 12527 1136351 725607 410744 680634 680634 0 949658 949658 98087 94632 3455 0 0 2096431 2086530 9901 0 3461860 3461860 274259 274259 STUDENT PROGRAM COSTS 861827 861827 CAFETERIA/FOOD EXPENSES 659579 659579 NURSING RELATED EXPENSES 277431 277431 38861155 34154038 4707117 0 X 915222 2590173 4030459 4151511 4559164 4313593 1612067 1541822 0 0 0 0 0 0 0 0 109032 62748 72711771 13959372 61497743 58752399 0 0 0 0 0 0 0 0 4345512 6033720 77069199 77445966 2085762 4110286 0 0 280 3886372 0 0 0 0 0 0 65168806 63931886 0 0 20011914 17495847 87266762 89424391 X -10197563 -11978425 0 0 -10197563 -11978425 77069199 77445966 X 136924 -1917786 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 67575525 9275739 58299786 5136246 4683633 452613 58752399 DEFERRED OUTLOWS 4590549 DUE FROM RELATED PARTIES 1443171 6033720 0 NET PENSION LIABILITY 16015000 OPEB LIABILITY 646000 DEFERRED INFLOWS OF RESOURCES 581000 DUE TO RELATED PARTIES 253847 17495847 X 38998079 38998079 38998079 38861155 38861155 38861155 Schedule D, Part X, Line 2 THE SCHOOL IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION OR LIABILITY FOR INCOME TAXES HAS BEEN RECORDED IN THE FINANCIAL STATEMENTS. THE SCHOOL ADOPTED THE ACCOUNTING PRONOUNCEMENT DEALING WITH UNCERTAIN TAX POSITIONS AS OF JULY 1, 2011. UPON ADOPTION OF THIS ACCOUNTING PRONOUNCEMENT, THE SCHOOL HAD NO UNRECOGNIZED TAX BENEFITS. FURTHERMORE, THE SCHOOL HAD NO UNRECOGNIZED TAX BENEFITS AT JUNE 30, 2024. IN ADDITION, THE SCHOOL HAS NO INCOME TAX RELATED PENALTIES OR INTEREST FOR THE PERIODS REPORTED IN THE FINANCIAL STATEMENTS. true true true true true true true false false false false false false false false true false true Schedule E, Part I, Line 3 CHARTER SCHOOL LAW PROHIBITS DISCRIMINATION. THE ORGANIZATION PUBLICIZED ITS POLICY THROUGH NEWSPAPER ADVERTISEMENT. Schedule E, Part I, Line 6A THE SCHOOL RECEIVES ITS FUNDING FROM GOVERNMENTAL AGENCIES. Academic awards 999 4058 Scholarships 999 3670 X X X false false false false false false false false false REV LUIS CORTES JR EX-OFFICIO 0 396023 0 0 0 0 0 97762 0 19823 0 513608 0 0 DAVID ROSSI CHIEF EXECUTIVE OFFICER 217686 0 0 0 0 0 74242 0 22137 0 314065 0 0 0 Jeana G Davis ES DIRECTOR OF INSTRUCTION 159509 0 0 0 0 0 54400 0 15964 0 229873 0 0 0 Justin Grow English Teacher 103141 0 0 0 0 0 97762 0 24723 0 225626 0 0 0 Alicia B Mojica Director of Operations 113502 0 0 0 0 0 97762 0 23203 0 234467 0 0 0 Karen Sergovic ESL Coordinator 113716 0 0 0 0 0 97762 0 16574 0 228052 0 0 0 Jelissa Carias DIR OF STUDENT DEVELOPMENT 111860 0 0 0 0 0 97762 0 16469 0 226091 0 0 0 Schedule J, Part I, Line 3 Compensation of officers is determined by the related party, Nueva Esperanza, Inc. through the use of Form 990s of comparable organizations, compensation committee review of salaries, and approval by the Board. X 1 94926 FMV false true false FORM 990, SCHEDULE M, PART I - LINE 19(B) THE NUMBER ON LINE 19(B) REPRESENTS THE NUMBER OF CONTRIBUTORS AS 1, PENNSYLVANIA DEPARTMENT OF AGRICULTURE - BUREAU OF FOOD ASSISTANCE, WHICH DONATED FOOD COMMODITIES. FORM 990, Part VI, Section B, Line 11B THE BOARD OF DIRECTORS REVIEWS THE FORM 990. IT IS DISTRIBUTED TO THE BOARD AT LEAST 10 DAYS PRIOR TO FILING. Form 990, Part VI, Section B, Line 12A-C ALL BOARD MEMBERS & OFFICERS ARE REVIEWED AND MONITORED ON AN ANNUAL BASIS - DUE TO THE LIMITED NUMBER OF BOARD AND OFFICERS THESE ACTIVITIES CAN CURRENTLY BE MONITORED AND EVALUATED ON SPECIFIC CASE BY CASE BASIS. Form 990, Part VI, Section B, Lines 15A & 15B THE BOARD OF DIRECTORS IS CHARGED WITH THE RESPONSIBILITY OF APPROVING COMPENSATION OF KEY EMPLOYEES. THE COMMITTEE REVIEWS DATA ON THE COMPENSATION OF OTHER COMPARABLE POSITIONS IN SIMILAR NONPROFIT ORGANIZATIONS. FOR THE CHIEF EXECUTIVE OFFICER (CEO), NUEVA ESPERANZA, INC., A RELATED ORGANIZATION, ASSISTED THE CHARTER SCHOOL BY HIRING AN INDEPENDENT FIRM TO PERFORM A SALARY STUDY THAT INCLUDED THE COMPENSATION RANGES FOR THE CEO. FORM 990, Part VI, Section C, Line 19 ALL REQUIRED PUBLIC NOTICES ARE MADE IN LOCAL NEWSPAPERS AND ALL PUBLIC RECORDS ARE ON SITE AND AVAILABLE FOR REVIEW. Form 990, Part IX, Column D THE ORGANIZATION DID NOT INCUR ANY FUNDRAISING EXPENSES DURING THE YEAR ENDED JUNE 30, 2020. NUEVA ESPERANZA ACADEMY CHARTER SCHOOL IS PART OF AN AFFILIATED GROUP OF ENTITIES (SEE SCHEDULE R PART II). THE PARENT COMPANY, NUEVA ESPERANZA, INC., INCURS ALL OF THE FUNDRAISING EXPENSES FOR ALL OF THE AFFILIATES AND THOSE FUNDRAISING EXPENSES ARE REFLECTED ON ITS FORM 990 PART IX. Form 990, PART VI, SECTION A, Line 3 NUEVA ESPERANZA, INC., RELATED PARTY, PROVIDES MANAGEMENT SERVICES TO THE SCHOOL. Form 990, part Xi, line 8 Change in Accounting Principle During the year 2024, the School began accruing salaries for 10-month employees. Some of the employees at the School have elected to receive their pay over the 10-month period of the school year rather than the 12-month calendar year. In prior years, the School had not accrued these salaries for the employees. The change was made to more accurately reflect the statement of financial position and activities related to the academic school year. This change resulted in a decrease to opening fund balance and position of $(1,917,786). The change in accounting principle impacted accounts payable and accrued expenses and instruction expenses.| NUEVA ESPERANZA INC 4261 N 5TH STREET PHILADELPHIA PA 19140 232552707 COMMUNITY DEV PA 501(c)(3) 7 NA false ESPERANZA IMMIGRATION LEGAL SERVICES 4261 N 5TH STREET PHILADELPHIA PA 19140 300239154 LEGAL SVCS PA 501(c)(3) 7 NEI INC true Nueva Esperanza Housing & Economic Dev 4261 N 5TH STREET PHILADELPHIA PA 19140 232952060 ECONOMIC DEV PA 501(c)(3) 7 NEI INC true 199 HUNTING PARK CORPORATION 4261 N 5TH STREET PHILADELPHIA PA 19140 264300365 REAL ESTATE PA 501(c)(3) 10 NEI INC true 4530 CORPORATION 4261 N 5TH STREET PHILADELPHIA PA 19140 233085653 ECONOMIC DEV PA 501(c)(2) N/A NEI INC true ARTISTAS Y MUSICOS LATINO AMERICANOS 4261 N 5TH STREET PHILADELPHIA PA 19140 311616972 ARTS ED. PA 501(c)(3) 7 NEI INC true ESPERANZA CYBER CHARTER SCHOOL 4261 N 5TH STREET PHILADELPHIA PA 19140 455472199 SCHOOL PA 501(C)(3) 2 NA false EASTERN NORTH PHILADELPHIA DEV 4261 NORTH 5TH STREET PHILADELPHIA PA 19140 232978010 WORKFORCE DEV 501(C)(3) 7 NA false 322 HUNTING PARK CORPORATION 4261 NORTH 5TH STREET PHILADELPHIA PA 19140 822103923 REAL ESTATE PA 501(c)(2) N/A NEI INC true ROBERTO CLEMENTE HOMES LP 4261 NORTH 5TH STREET PHILADELPHIA PA 19140 384002101 HOUSING PA NUEVA ESPERANZA false 3921 CORPORATION 4261 NORTH 5TH STREET PHILADELPHIA PA 19140 810809400 HOUSING PA NUEVA ESPERANZA C CORP false false true true true false false false false false true true true false false true true false false