Civic Intelligence

Benjamin Franklin Educational Foundation Inc

990 • Fiscal year 2018 • EIN 04-3235190

Jul 01, 2017 to Jun 30, 2018 • Filed on Nov 06, 2018

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

94th percentile

1.02x

Higher debt load relative to assets than 94% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Liabilities / Revenue

100th percentile

1227.04x

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

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Net Margin

1st percentile

-1618%

Higher net margin than 1% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Top Officer Pay

7th percentile

$0

Higher top officer pay than 7% of similar nonprofits.

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

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Asset Growth

100th percentile

1776%

Faster asset growth than 100% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Revenue Growth

100th percentile

64574%

Faster revenue growth than 100% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets94th percentile

Assets

Up

$30,377,284

Up $28,757,737 (+1776%) from 2017

Net Assets

Down

-$572,228

Down $640,166 (-942%) from 2017

Liabilities

Up

$30,949,512

Up $29,397,903 (+1895%) from 2017

Revenue And Expenses
Liabilities / Revenue100th percentileNet Margin1st percentile

Revenue

Up

$25,223

Up $25,184 (+64574%) from 2017

Expenses

Up

$433,406

Up $421,745 (+3617%) from 2017

Net Income

Down

-$408,183

Down $396,561 (-3412%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth100th 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

2018

Assets$30,377,284
Liabilities$30,949,512
Net Assets-$572,228
Open 2018 Filing

Operations Trend

Revenue Growth100th 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

2018

Revenue$25,223
Expenses$433,406
Net Income-$408,183
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Nov 6, 2018
Return Version
2017v2.3
Gross Receipts
$25,223
Mission and Program Overview

Mission

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

Foundation has closed on financing to construct a new school building. Construction has started and, when finished, the building will be lease to the school.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$113,325$24,366,645▲ $24,253,320
Land, Buildings, and Equipment, Net$1,496,222$5,786,296▲ $4,290,074
Cash and Non-Interest-Bearing Accounts-$214,343-
Prepaid Expenses and Deferred Charges$10,000$10,000→ $0
Total Assets$1,619,547$30,377,284▲ $28,757,737
Liabilities
Tax Exempt Bond Liabilities-$24,550,000-
Other Liabilities$1,251,331$3,430,060▲ $2,178,729
Mortgage Notes Payable Secured by Investment Property$275,000$1,601,105▲ $1,326,105
Accounts Payable and Accrued Expenses$25,278$1,368,347▲ $1,343,069
Total Liabilities$1,551,609$30,949,512▲ $29,397,903
Net Assets / Fund Balance
Unrestricted Net Assets$67,938$-572,228▼ $640,166
Total Net Assets Fund Balance$67,938$-572,228▼ $640,166
Total Liabilities and Net Assets / Fund Balance$1,619,547$30,377,284▲ $28,757,737

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$5,409,291-$5,409,291
Land$377,005-$377,005
Compensation and Service Providers
Top Officer Pay7th percentile

Board Members and Trustees

NameTitle
Donald TappinPresident
Edward BasileVice President
Heather ZolnowskiBoard Member
Jason FineBoard Member
Joe PernaBoard Member
John WilliamsBoard Member
Joseph MullenBoard Member
Lax IyerBoard Member
Sagar KamarthiBoard Member
Jerry CimminoTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Cta Construction Co INCConstruction Service400 TOTTEN POND RD, Waltham, MA 02451$3,144,748
Rudolph Friedmann LLPLegal Services92 STATE ST, Boston, MA 02109$462,921
Arrowstreet INCArchitecture Service10 POST OFFICE SQUARE, Boston, MA 02109$194,324
Revenue and Support

Revenue Composition

Contributions and Grants
$7,526
Program Service Revenue
$0
Investment Income
$17,697
Other Revenue
$0
All Other Contributions
$7,526
Change in Net Assets
$-408,183
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$433,406
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
Insurance$11,159--$11,159
Interest-$6,656-$6,656
Office Expenses-$3,317-$3,317
Fees for Services Legal-$2,552-$2,552
Other Expenses$409,506$141-$141
Fees for Services Other-$75-$75
Total Functional Expenses$420,665$12,741$0$433,406
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$3,198,077
Interest Rate Swap Liability$231,983

Bond Issues

BondIssuerIssuedIssue PricePurpose
AMassachusetts Development Finance Agency2018-01-04$24,550,000TO FUND CAPITAL PROJECTS

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$24,550,000--$50,100

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
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 11B

“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 12

“The foundation regularly monitors conflicts of interest through board meeting review.”

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
2018-11-06
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
10

Preparer

Firm
Alexander Aronson Finning & Co Pc
Address
50 WASHINGTON STREET, WESTBOROUGH, MA 01581
Preparer
John R Buckley
Phone
5083669100
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Losses on interest rate swap agreement -231,983.”

Raw XML AppendixShowing 400 of 450 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt025278
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt01368347
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0FOUNDATION HAS CLOSED ON FINANCING TO CONSTRUCT A NEW SCHOOL BUILDING. CONSTRUCTION HAS STARTED AND, WHEN FINISHED, THE BUILDING WILL BE LEASE TO THE SCHOOL.
IRS990/AllOtherContributionsAmt07526
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0HEATHER ZOLNOWSKI
IRS990/BooksInCareOfDetail/PhoneNum05085413434
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0201 MAIN STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0FRANKLIN
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd002038
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/EOYAmt0214343
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt03
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd00
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/ContractorCompensationGrp/CompensationAmt03144748
IRS990/ContractorCompensationGrp/CompensationAmt1462921
IRS990/ContractorCompensationGrp/CompensationAmt2194324
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt0400 TOTTEN POND RD
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt192 STATE ST
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt210 POST OFFICE SQUARE
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0WALTHAM
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm1BOSTON
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm2BOSTON
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0MA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd1MA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd2MA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd002451
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd102109
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd202109
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0CTA CONSTRUCTION CO INC
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt1RUDOLPH FRIEDMANN LLP
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt2ARROWSTREET INC
IRS990/ContractorCompensationGrp/ServicesDesc0CONSTRUCTION SERVICE
IRS990/ContractorCompensationGrp/ServicesDesc1LEGAL SERVICES
IRS990/ContractorCompensationGrp/ServicesDesc2ARCHITECTURE SERVICE
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt07526
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt017697
IRS990/CYOtherExpensesAmt0433406
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-408183
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0433406
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt025223
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0TO BUILD AN APPROXIMATELY 77,500 SQUARE FOOT, TWO-STORY FACILITY TO COMPRISE THE SCHOOL FOR 900 STUDENTS.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/EscrowAccountInd00
IRS990/ExpenseAmt0420665
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt02552
IRS990/FeesForServicesLegalGrp/TotalAmt02552
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt075
IRS990/FeesForServicesOtherGrp/TotalAmt075
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.75
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.75
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.75
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.75
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.75
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.75
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.75
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.75
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.75
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.75
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/PersonNm0DONALD TAPPIN
IRS990/Form990PartVIISectionAGrp/PersonNm1EDWARD BASILE
IRS990/Form990PartVIISectionAGrp/PersonNm2JERRY CIMMINO
IRS990/Form990PartVIISectionAGrp/PersonNm3SAGAR KAMARTHI
IRS990/Form990PartVIISectionAGrp/PersonNm4JASON FINE
IRS990/Form990PartVIISectionAGrp/PersonNm5LAX IYER
IRS990/Form990PartVIISectionAGrp/PersonNm6JOSEPH MULLEN
IRS990/Form990PartVIISectionAGrp/PersonNm7JOHN WILLIAMS
IRS990/Form990PartVIISectionAGrp/PersonNm8HEATHER ZOLNOWSKI
IRS990/Form990PartVIISectionAGrp/PersonNm9JOE PERNA
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01994
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt010
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt025223
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt010
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt011159
IRS990/InsuranceGrp/TotalAmt011159
IRS990/InterestGrp/ManagementAndGeneralAmt06656
IRS990/InterestGrp/TotalAmt06656
IRS990/InvestmentIncomeGrp/ExclusionAmt017697
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt017697
IRS990/InvestmentInJointVentureInd00
IRS990/InvestTaxExemptBondsInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01496222
IRS990/LandBldgEquipBasisNetGrp/EOYAmt05786296
IRS990/LandBldgEquipCostOrOtherBssAmt05786296
IRS990/LegalDomicileStateCd0MA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO SUPPORT THE BENJAMIN FRANKLIN CLASSICAL CHARTER PUBLIC SCHOOL WHICH PROMOTES A CLASSICAL EDUCATION.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0275000
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01601105
IRS990/NetAssetsOrFundBalancesBOYAmt067938
IRS990/NetAssetsOrFundBalancesEOYAmt0-572228
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt03317
IRS990/OfficeExpensesGrp/TotalAmt03317
IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt0-231983
IRS990/OtherExpensesGrp/Desc0FINANCING FEES
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0141
IRS990/OtherExpensesGrp/ProgramServicesAmt0409506
IRS990/OtherExpensesGrp/TotalAmt0409506
IRS990/OtherExpensesGrp/TotalAmt1141
IRS990/OtherLiabilitiesGrp/BOYAmt01251331
IRS990/OtherLiabilitiesGrp/EOYAmt03430060
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt010000
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt010000
IRS990/PrincipalOfficerNm0DONALD TAPPIN
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt039
IRS990/PYOtherExpensesAmt011661
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-11622
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt011661
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt039
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-408183
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0113325
IRS990/SavingsAndTempCashInvstGrp/EOYAmt024366645
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt07526
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0192
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt07718
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt017697
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt039
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt052
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt055
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt061
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt017904
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt017697
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt039
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt052
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt055
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt061
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt017904
IRS990ScheduleA/InvestmentIncomeCYPct00.69880
IRS990ScheduleA/InvestmentIncomePYPct00.10430
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.30120
IRS990ScheduleA/PublicSupportPY509Pct00.89570
IRS990ScheduleA/PublicSupportTotal509Amt07718
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsPY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt07526
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0192
IRS990ScheduleA/Total509Grp/TotalAmt07718
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt025223
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt039
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt052
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt055
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0253
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt025622
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/LandGrp/BookValueAmt0377005
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0377005
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt05409291
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt05409291
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03198077
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1231983
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO SCHOOL
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1INTEREST RATE SWAP LIABILITY
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05786296
IRS990ScheduleD/TotalLiabilityAmt03430060
IRS990/ScheduleJRequiredInd00
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd0A
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd01
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeProviderName/BusinessNameLine1Txt0CITIZENS BANK
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeTerminatedInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/SuperintegratedHedgeInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/TermOfHedgePct010.000000000000
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02018-01-04
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN0043431814
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt024550000
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0MASSACHUSETTS DEVELOPMENT FINANCE AGENCY
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0TO FUND CAPITAL PROJECTS
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondIssMeetPrvtSecPymtTestInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ChangeInUseBondFinancedPropInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ProcsNonqualifiedBondRemdtdInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdvanceRefundingInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalExpendituresAmt031214
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalizedInterestAmt0102041
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CurrentRefundingInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/InReserveFundAmt0650055
IRS990ScheduleK/TaxExemptBondsProceedsGrp/IssuanceCostsFromProceedsAmt050100
IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt024550000
IRS990ScheduleK/TaxExemptBondsProceedsGrp/UnspentAmt023716590
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/ExplanationTxt1THE FOUNDATION REGULARLY MONITORS CONFLICTS OF INTEREST THROUGH BOARD MEETING REVIEW.
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/ExplanationTxt3LOSSES ON INTEREST RATE SWAP AGREEMENT -231,983.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VII, LINE 2C
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt024550000
IRS990/TaxExemptBondsInd01
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01619547
IRS990/TotalAssetsEOYAmt030377284
IRS990/TotalAssetsGrp/BOYAmt01619547
IRS990/TotalAssetsGrp/EOYAmt030377284
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt07526
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt012741
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0420665
IRS990/TotalFunctionalExpensesGrp/TotalAmt0433406
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01551609
IRS990/TotalLiabilitiesEOYAmt030949512
IRS990/TotalLiabilitiesGrp/BOYAmt01551609
IRS990/TotalLiabilitiesGrp/EOYAmt030949512
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt067938
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-572228
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0420665
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt017697
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt025223
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01619547
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt030377284
IRS990/TotReportableCompRltdOrgAmt00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$30,377,284
Liabilities
$30,949,512
Net assets
-$572,228
Revenue
$25,223
Expenses
$433,406
Net income
-$408,183
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