Civic Intelligence

Benjamin Franklin Educational Foundation Inc

990 • Fiscal year 2019 • EIN 04-3235190

Jul 01, 2018 to Jun 30, 2019 • Filed on Nov 13, 2019

Organization ProfileN/A
500 Financial ParkFranklin, MA 02038

(508) 541-3434

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Up

$32,741,764

Up $2,364,480 (+7.8%) from 2018

Net Assets

Down

-$1,834,880

Down $1,262,652 (-221%) from 2018

Liabilities

Up

$34,576,644

Up $3,627,132 (+12%) from 2018

Revenue And Expenses

Revenue

Up

$272,672

Up $247,449 (+981%) from 2018

Expenses

Down

$20,737

Down $412,669 (-95%) from 2018

Net Income

Up

$251,935

Up $660,118 (+162%) from 2018

Historical Trend

Balance Sheet Trend

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

2019

Assets$32,741,764
Liabilities$34,576,644
Net Assets-$1,834,880
Open 2019 Filing

Operations Trend

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

2019

Revenue$272,672
Expenses$20,737
Net Income$251,935
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Nov 13, 2019
Return Version
2018v3.1
Gross Receipts
$292,566
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 of the new school is complete and will be occupied for fy20.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,786,296$25,795,803▲ $20,009,507
Savings and Temporary Cash Investments$24,366,645$6,725,063▼ $17,641,582
Cash and Non-Interest-Bearing Accounts$214,343$210,898▼ $3,445
Prepaid Expenses and Deferred Charges$10,000$10,000→ $0
Total Assets$30,377,284$32,741,764▲ $2,364,480
Liabilities
Tax Exempt Bond Liabilities$24,550,000$24,550,000→ $0
Other Liabilities$3,430,060$4,898,376▲ $1,468,316
Accounts Payable and Accrued Expenses$1,368,347$3,148,701▲ $1,780,354
Mortgage Notes Payable Secured by Investment Property$1,601,105$1,979,567▲ $378,462
Total Liabilities$30,949,512$34,576,644▲ $3,627,132
Net Assets / Fund Balance
Temporarily Rstr Net Assets-$80,300-
Unrestricted Net Assets$-572,228$-1,915,180▼ $1,342,952
Total Net Assets Fund Balance$-572,228$-1,834,880▼ $1,262,652
Total Liabilities and Net Assets / Fund Balance$30,377,284$32,741,764▲ $2,364,480

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$25,418,798-$25,418,798
Land$377,005-$377,005
Compensation and Service Providers

Board Members and Trustees

NameTitle
Donald TappinPresident
Edward Basile - Fy20 PresidentBoard Member
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$15,571,908
Arrowstreet INCArchitecture Service10 POST OFFICE SQUARE, Boston, MA 02109$387,435
Daedalus Projects INCProject Manager1 FANEUIL HALL MARKETPLACE SOUTH M, Boston, MA 02109$268,250
Revenue and Support

Revenue Composition

Contributions and Grants
$64,185
Program Service Revenue
$0
Investment Income
$211,266
Other Revenue
$-2,779
All Other Contributions
$35,783
Change in Net Assets
$251,935
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$20,737
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-$17,596-$17,596
Other Expenses-$2,641-$2,641
Fees for Services Accounting-$500-$500
Total Functional Expenses$0$20,737$0$20,737
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$19,894
Fundraising Gross Income$17,115
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$45,517$17,115$19,894$-2,779
Total Events$45,517$17,115$19,894$-2,779
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$3,151,806
Interest Rate Swap Liability$1,746,570

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
Backup withholding compliance
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
500 FINANCIAL PARK, FRANKLIN, MA 02038

Signing Officer

Name
Edward Basile
Title
President
Phone
5085413434
Signed
2019-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Edward Basile
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 IX, Line 11G

“Other contracted services: program service expenses 0. Management and general expenses 17,596. Fundraising expenses 0. Total expenses 17,596.”

FORM 990, PART XI, LINE 9:

“Losses on interest rate swap agreement -1,514,587.”

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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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IRS990ScheduleA/FactsAndCircumstancesTestTxt0BENJAMIN FRANKLIN EDUCATIONAL FOUNDATION, INC. (THE "FOUNDATION") QUALIFIES AS A PUBLICLY SUPPORTED ORGANIZATION BECAUSE IT COMFORTABLY SATISFIES THE FACTS AND CIRCUMSTANCES TEST, PURSUANT TO TREAS. REG. 1.170A-9(F)(3). TEN-PERCENT SUPPORT LIMITATION: THE FOUNDATION'S PUBLIC SUPPORT PERCENTAGE FOR FISCAL YEAR 2019 WAS APPROXIMATELY 23%. ATTRACTION OF PUBLIC SUPPORT: THE FOUNDATION IS ORGANIZED AND OPERATED TO ATTRACT NEW AND ADDITIONAL PUBLIC SUPPORT ON A CONTINUOUS BASIS DUE TO ITS PUBLIC CHARITABLE MISSION. THE FOUNDATION IS ORGANIZED AND OPERATED TO SUPPORT BENJAMIN FRANKLIN CLASSICAL CHARTER PUBLIC SCHOOL, A MASSACHUSETTS PUBLIC CHARTER SCHOOL (THE "SCHOOL"). THE SCHOOL IS A PUBLIC INSTITUTION WHICH SERVES OVER 445 STUDENTS CHOSEN BY RANDOM PUBLIC LOTTERY. DUE TO ITS RELATIONSHIP WITH THE SCHOOL, THE FOUNDATION IS ALSO SUBJECT TO PUBLIC OVERSIGHT; ITS FINANCIALS ARE COMBINED WITH THE SCHOOL'S FINANCIALS, AND ARE SUBMITTED TO THE MASSACHUSETTS DEPARTMENT OF ELEMENTARY AND SECONDARY EDUCATION ON AN ANNUAL BASIS.CONTINUOUS AND BONA FIDE PROGRAM FOR SOLICITATION OF FUNDS: THE FOUNDATION'S FUNDRAISING ACTIVITIES INCLUDE AN EVENT AND SOLICITATIONS FOR THE CONSTRUCTION OF ITS NEW GYM AND PLAYGROUND. ALTOGETHER THE FOUNDATION RAISED OVER $81,000 IN FISCAL YEAR 2019. THE FOUNDATION INVITES POTENTIAL DONORS TO VISIT THE SCHOOL AND TO ATTEND BOTH SPECIAL CULTIVATION EVENTS AND ROUTINE SCHOOL EVENTS. THE FOUNDATION HAS INITIATED A CAPITAL CAMPAIGN THAT IS EXPECTED TO ATTRACT NEW DONORS AND CONTINUE TO INCREASE PUBLIC SUPPORT OVER THE NEXT FEW YEARS. THE FOUNDATION HAS EXPANDED ITS FUNDRAISING PROGRAM OVER THE LAST FEW YEARS, INCREASING THE AMOUNT OF CONTRIBUTIONS RECEIVED AND EXPANDING ITS DONOR BASE, AND EXPECTS TO CONTINUE TO DO SO. PERCENTAGE OF FINANCIAL SUPPORT: AS SHOWN IN THE 2017 TAX RETURN, THE PUBLIC SUPPORT PERCENTAGE FOR THE FOUNDATION WAS OVER 30%. THE FOUNDATION EXPECTS ITS PUBLIC SUPPORT PERCENTAGE TO CONTINUE TO EXCEED 10% BY A SIGNIFICANT MARGIN IN THE FUTURE.SOURCES OF SUPPORT: MOVING FORWARD, THE FOUNDATION EXPECTS TO RECEIVE FEWER FUNDS FROM REVENUE SOURCES THAT DO NOT QUALIFY AS PUBLIC SUPPORT AND EXPECTS TO RECEIVE A GREATER PERCENTAGE OF ITS REVENUE FROM GIFTS, GRANTS, AND CONTRIBUTIONS. REPRESENTATIVE GOVERNING BODY: THE FOUNDATION'S BOARD OF DIRECTORS REPRESENTS THE BROAD INTERESTS OF THE PUBLIC, RATHER THAN THE PERSONAL OR PRIVATE INTERESTS OF A LIMITED NUMBER OF DONORS.
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt064185
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt07526
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt071711
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0211266
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt017697
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt039
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt052
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt055
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0229109
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.22510
IRS990ScheduleA/PublicSupportPY170Pct00.30120
IRS990ScheduleA/PublicSupportTotal170Amt067727
IRS990ScheduleA/SubstantialContributorsTotAmt03984
IRS990ScheduleA/TenPctFactsCrcmstncsTestCYInd0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt064185
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt07526
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt071711
IRS990ScheduleA/TotalSupportAmt0300820
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/LandGrp/BookValueAmt0377005
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0377005
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt025418798
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt025418798
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03151806
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11746570
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO SCHOOL
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1INTEREST RATE SWAP LIABILITY
IRS990ScheduleD/TotalBookValueLandBuildingsAmt025795803
IRS990ScheduleD/TotalLiabilityAmt04898376
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt028402
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt028402
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt019894
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GALA
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt045517
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt045517
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt017115
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt017115
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-2779
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt019894
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt019894
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/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalExpendituresAmt019048011
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalizedInterestAmt01340862
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/InReserveFundAmt0650706
IRS990ScheduleK/TaxExemptBondsProceedsGrp/IssuanceCostsFromProceedsAmt050100
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxableBondsInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxExemptBondsInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt024550000
IRS990ScheduleK/TaxExemptBondsProceedsGrp/UnspentAmt03460321
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/ExplanationTxt3OTHER CONTRACTED SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 17,596. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 17,596.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4LOSSES ON INTEREST RATE SWAP AGREEMENT -1,514,587.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE 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 IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VII, LINE 2C
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt024550000
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt024550000
IRS990/TaxExemptBondsInd01
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt080300
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt030377284
IRS990/TotalAssetsEOYAmt032741764
IRS990/TotalAssetsGrp/BOYAmt030377284
IRS990/TotalAssetsGrp/EOYAmt032741764
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt064185
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt020737
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt020737
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt030949512
IRS990/TotalLiabilitiesEOYAmt034576644
IRS990/TotalLiabilitiesGrp/BOYAmt030949512
IRS990/TotalLiabilitiesGrp/EOYAmt034576644
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-572228

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$32,741,764
Liabilities
$34,576,644
Net assets
-$1,834,880
Revenue
$272,672
Expenses
$20,737
Net income
$251,935
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