Civic Intelligence

Benjamin Franklin Educational Foundation Inc

990 • Fiscal year 2016 • EIN 04-3235190

Jul 01, 2015 to Jun 30, 2016 • Filed on Oct 03, 2016

Organization ProfileN/A
201 Main StreetFranklin, MA 02038

(508) 541-3434

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

90th percentile

0.93x

Higher debt load relative to assets than 90% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

100th percentile

21497.96x

Higher debt load relative to revenue than 100% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

1st percentile

-118787%

Higher net margin than 1% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

97th percentile

179%

Faster asset growth than 97% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

30th percentile

-5.5%

Faster revenue growth than 30% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets90th percentile

Assets

Up

$1,197,454

Up $767,665 (+179%) from 2015

Net Assets

Down

$79,560

Down $61,769 (-44%) from 2015

Liabilities

Up

$1,117,894

Up $829,434 (+288%) from 2015

Revenue And Expenses
Liabilities / Revenue100th percentileNet Margin1st percentile

Revenue

Down

$52

Down $3 (-5.5%) from 2015

Expenses

Up

$61,821

Up $36,942 (+148%) from 2015

Net Income

Down

-$61,769

Down $36,945 (-149%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth97th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$80M$60M$40M$20M$0-$20MAssets 2011: $476,293Liabilities 2011: $279,288Net Assets 2011: $197,0052011Assets 2012: $467,738Liabilities 2012: $281,100Net Assets 2012: $186,6382012Assets 2013: $453,992Liabilities 2013: $275,675Net Assets 2013: $178,3172013Assets 2014: $441,153Liabilities 2014: $275,000Net Assets 2014: $166,1532014Assets 2015: $429,789Liabilities 2015: $288,460Net Assets 2015: $141,3292015Assets 2016: $1,197,454Liabilities 2016: $1,117,894Net Assets 2016: $79,5602016Assets 2017: $1,619,547Liabilities 2017: $1,551,609Net Assets 2017: $67,9382017Assets 2018: $30,377,284Liabilities 2018: $30,949,512Net Assets 2018: -$572,2282018Assets 2019: $32,741,764Liabilities 2019: $34,576,644Net Assets 2019: -$1,834,8802019Assets 2020: $62,821,625Liabilities 2020: $66,478,425Net Assets 2020: -$3,656,8002020Assets 2021: $62,114,339Liabilities 2021: $64,512,661Net Assets 2021: -$2,398,3222021Assets 2022: $60,532,604Liabilities 2022: $60,792,164Net Assets 2022: -$259,5602022Assets 2023: $1,610Liabilities 2023: $0Net Assets 2023: $1,6102023

Highlighted filing

2016

Assets$1,197,454
Liabilities$1,117,894
Net Assets$79,560
Open 2016 Filing

Operations Trend

Revenue Growth30th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $5,443Expenses 2011: $10,338Net Income 2011: -$4,8952011Revenue 2012: $5,055Expenses 2012: $15,422Net Income 2012: -$10,3672012Revenue 2013: $2,325Expenses 2013: $10,646Net Income 2013: -$8,3212013Revenue 2014: $253Expenses 2014: $12,417Net Income 2014: -$12,1642014Revenue 2015: $55Expenses 2015: $24,879Net Income 2015: -$24,8242015Revenue 2016: $52Expenses 2016: $61,821Net Income 2016: -$61,7692016Revenue 2017: $39Expenses 2017: $11,661Net Income 2017: -$11,6222017Revenue 2018: $25,223Expenses 2018: $433,406Net Income 2018: -$408,1832018Revenue 2019: $272,672Expenses 2019: $20,737Net Income 2019: $251,9352019Revenue 2020: $2,301,826Expenses 2020: $2,302,278Net Income 2020: -$4522020Revenue 2021: $2,234,692Expenses 2021: $2,240,348Net Income 2021: -$5,6562021Revenue 2022: $2,219,657Expenses 2022: $2,290,668Net Income 2022: -$71,0112022Revenue 2023: $1,534,482Expenses 2023: $2,267,443Net Income 2023: -$732,9612023

Highlighted filing

2016

Revenue$52
Expenses$61,821
Net Income-$61,769
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Oct 3, 2016
Return Version
2015v2.1
Gross Receipts
$52
Mission and Program Overview

Mission

To support the benjamin franklin classical charter public school which promotes a classical education.

To promote the financial well-being of the benjamin franklin classical charter public school.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$275,000$1,073,229▲ $798,229
Savings and Temporary Cash Investments$154,789$124,225▼ $30,564
Total Assets$429,789$1,197,454▲ $767,665
Liabilities
Other Liabilities$13,460$842,894▲ $829,434
Mortgage Notes Payable Secured by Investment Property$275,000$275,000→ $0
Total Liabilities$288,460$1,117,894▲ $829,434
Net Assets / Fund Balance
Unrestricted Net Assets$141,329$79,560▼ $61,769
Total Net Assets Fund Balance$141,329$79,560▼ $61,769
Total Liabilities and Net Assets / Fund Balance$429,789$1,197,454▲ $767,665

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$798,229--
Land$275,000--
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Donald TappinPresident
Edward BasileBoard Member
Heather ZolnowskiBoard Member
Jason FineBoard Member
Joe PernaBoard Member
John WilliamsBoard Member
Joseph MullenBoard Member
Lax IyerBoard Member
Sagar KamarthiBoard Member
Jerry CimminoTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$52
Other Revenue
$0
Change in Net Assets
$-61,769
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$61,821
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$13,659--$13,659
Interest-$9,403-$9,403
Other Expenses$34,249$2,263-$2,263
Fees for Services Accounting-$1,200-$1,200
Insurance-$697-$697
Fees for Services Legal-$350-$350
Total Functional Expenses$47,908$13,913$0$61,821
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to School$842,894
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

“Form 990 is prepared by the foundation's audit firm. The completed copy is made available to and approved by the board.”

Form 990, Part VI, Section B, Line 12C

“Annually, each board member completes the disclosure of related party policy form.”

Form 990, Part VI, Section C, Line 19

“The foundation is included in the annual audit of the benjamin franklin classical public charter school's audit filed with the commonwealth of massachusetts and is available upon request. Other governing documents and policies are available to the public upon request.”

Form 990, Part VII, Line 2C

“The process has not changed from the prior year.”

Filing and Contact Details

Filer

Filer Name
Benjamin Franklin Educational Foundation
EIN
04-3235190
Phone
5085413434
Address
201 MAIN STREET, FRANKLIN, MA 02038

Signing Officer

Name
Donald Tappin
Title
President
Phone
5085413434
Signed
2016-10-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Donald Tappin
Formed
1994
Legal Domicile
Ma
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
0

Preparer

Firm
Alexander Aronson Finning & Co Pc
Address
21 EAST MAIN STREET, WESTBORO, MA 01581
Preparer
John R Buckley
Phone
5083669100
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Other: program service expenses 13,659. Management and general expenses 0. Fundraising expenses 0. Total expenses 13,659.”

Raw XML Appendix369 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt0798229
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0842894
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO SCHOOL
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01073229
IRS990ScheduleD/TotalLiabilityAmt0842894
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS PREPARED BY THE FOUNDATION'S AUDIT FIRM. THE COMPLETED COPY IS MADE AVAILABLE TO AND APPROVED BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ANNUALLY, EACH BOARD MEMBER COMPLETES THE DISCLOSURE OF RELATED PARTY POLICY FORM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FOUNDATION IS INCLUDED IN THE ANNUAL AUDIT OF THE BENJAMIN FRANKLIN CLASSICAL PUBLIC CHARTER SCHOOL'S AUDIT FILED WITH THE COMMONWEALTH OF MASSACHUSETTS AND IS AVAILABLE UPON REQUEST. OTHER GOVERNING DOCUMENTS AND POLICIES ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3OTHER: PROGRAM SERVICE EXPENSES 13,659. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 13,659.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VII, LINE 2C
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0429789
IRS990/TotalAssetsEOYAmt01197454
IRS990/TotalAssetsGrp/BOYAmt0429789
IRS990/TotalAssetsGrp/EOYAmt01197454
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt013913
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt047908
IRS990/TotalFunctionalExpensesGrp/TotalAmt061821
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0288460
IRS990/TotalLiabilitiesEOYAmt01117894
IRS990/TotalLiabilitiesGrp/BOYAmt0288460
IRS990/TotalLiabilitiesGrp/EOYAmt01117894
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0141329
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt079560
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt047908
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt052
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt052
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0429789
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01197454
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0141329
IRS990/UnrestrictedNetAssetsGrp/EOYAmt079560
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0201 MAIN ST
IRS990/USAddress/CityNm0FRANKLIN
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd002038
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DONALD TAPPIN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05085413434
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-10-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BENJAMIN FRANKLIN EDUCATIONAL FOUNDATION
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0INC
ReturnHeader/Filer/BusinessNameControlTxt0BENJ
ReturnHeader/Filer/EIN0043235190
ReturnHeader/Filer/PhoneNum05085413434
ReturnHeader/Filer/USAddress/AddressLine1Txt0201 MAIN STREET
ReturnHeader/Filer/USAddress/CityNm0FRANKLIN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd002038
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0042571780
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ALEXANDER ARONSON FINNING & CO PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt021 EAST MAIN STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WESTBORO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd001581
ReturnHeader/PreparerPersonGrp/PhoneNum05083669100
ReturnHeader/PreparerPersonGrp/PreparationDt02016-09-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOHN R BUCKLEY
ReturnHeader/ReturnTs02016-10-14T13:46:42-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30
ReturnHeader/TaxYr02015

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,197,454
Liabilities
$1,117,894
Net assets
$79,560
Revenue
$52
Expenses
$61,821
Net income
-$61,769
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$1.53$2.27$0.73
2022Detailed filing. Detailed filing data is available for this year.$60.5$60.8$0.26$2.22$2.29$0.07
2021Detailed filing. Detailed filing data is available for this year.$62.1$64.5$2.40$2.23$2.24$0.01
2020Detailed filing. Detailed filing data is available for this year.$62.8$66.5$3.66$2.30$2.30$0.00
2019Detailed filing. Detailed filing data is available for this year.$32.7$34.6$1.83$0.27$0.02$0.25
2018Detailed filing. Detailed filing data is available for this year.$30.4$30.9$0.57$0.03$0.43$0.41
2017Detailed filing. Detailed filing data is available for this year.$1.62$1.55$0.07$0.00$0.01$0.01
2016Detailed filing. Detailed filing data is available for this year.$1.20$1.12$0.08$0.00$0.06$0.06
2015Detailed filing. Detailed filing data is available for this year.$0.43$0.29$0.14$0.00$0.02$0.02
2014Detailed filing. Detailed filing data is available for this year.$0.44$0.28$0.17$0.00$0.01$0.01
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.45$0.28$0.18$0.00$0.01$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.47$0.28$0.19$0.01$0.02$0.01
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.48$0.28$0.20$0.01$0.01$0.00