Civic Intelligence

Francis School

990 • Fiscal year 2018 • EIN 13-2664008

Jul 01, 2017 to Jun 30, 2018 • Filed on Nov 02, 2018

Organization Profilewww.francisschool.com

Refreshing map…

43 Delphine TerraceStaten Island, NY 10305

(718) 967-0400

Siviq Scores

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

Liabilities / Assets

14th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

14th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

97th percentile

85%

Higher net margin than 97% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

53rd percentile

$70,000

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 3.0% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

2nd percentile

-51%

Faster asset growth than 2% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

99th percentile

664%

Faster revenue growth than 99% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets14th percentile

Assets

Down

$748,735

Down $780,339 (-51%) from 2017

Net Assets

Up

$748,735

Up $1,976,455 (+161%) from 2017

Liabilities

Down

$0

Down $2,756,794 (-100%) from 2017

Revenue And Expenses
Liabilities / Revenue14th percentileNet Margin97th percentile

Revenue

Up

$2,312,144

Up $2,009,443 (+664%) from 2017

Expenses

Up

$335,689

Up $33,398 (+11%) from 2017

Net Income

Up

$1,976,455

Up $1,976,045 (+481962%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth2nd percentile

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

$4.0M$2.0M$0-$2.0MAssets 2011: $3,514,753Liabilities 2011: $1,548,943Net Assets 2011: $1,965,8102011Assets 2012: $3,346,575Liabilities 2012: $1,491,002Net Assets 2012: $1,855,5732012Assets 2013: $2,701,301Liabilities 2013: $1,428,359Net Assets 2013: $1,272,9422013Assets 2014: $2,121,169Liabilities 2014: $1,367,370Net Assets 2014: $753,7992014Assets 2015: $1,777,009Liabilities 2015: $2,434,739Net Assets 2015: -$657,7302015Assets 2016: $1,492,897Liabilities 2016: $2,721,027Net Assets 2016: -$1,228,1302016Assets 2017: $1,529,074Liabilities 2017: $2,756,794Net Assets 2017: -$1,227,7202017Assets 2018: $748,735Liabilities 2018: $0Net Assets 2018: $748,7352018Assets 2019: $546,525Liabilities 2019: $0Net Assets 2019: $546,5252019Assets 2020: $0Liabilities 2020: $0Net Assets 2020: $02020

Highlighted filing

2018

Assets$748,735
Liabilities$0
Net Assets$748,735
Open 2018 Filing

Operations Trend

Revenue Growth99th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $2,174,516Expenses 2011: $2,137,258Net Income 2011: $37,2582011Revenue 2012: $2,250,497Expenses 2012: $2,360,735Net Income 2012: -$110,2382012Revenue 2013: $740,624Expenses 2013: $1,323,255Net Income 2013: -$582,6312013Revenue 2014: $609,559Expenses 2014: $1,128,702Net Income 2014: -$519,1432014Revenue 2015: $526,210Expenses 2015: $1,095,217Net Income 2015: -$569,0072015Revenue 2016: $238,891Expenses 2016: $809,291Net Income 2016: -$570,4002016Revenue 2017: $302,701Expenses 2017: $302,291Net Income 2017: $4102017Revenue 2018: $2,312,144Expenses 2018: $335,689Net Income 2018: $1,976,4552018Revenue 2019: $20,925Expenses 2019: $223,135Net Income 2019: -$202,2102019Revenue 2020: $2,301Expenses 2020: $548,826Net Income 2020: -$546,5252020

Highlighted filing

2018

Revenue$2,312,144
Expenses$335,689
Net Income$1,976,455
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Nov 2, 2018
Return Version
2017v2.2
Gross Receipts
$3,894,906
Mission and Program Overview

Mission

To provide educational services.

To provide educational services for grades 6 through 12 and special education programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Loans From Officers Directors$1,829,685--
Rtn Earn Endowment Incm Other Fnds$-1,227,720$748,735▲ $1,976,455
Savings and Temporary Cash Investments$161,991$189,982▲ $27,991
Cash and Non-Interest-Bearing Accounts$44,853$53,963▲ $9,110
Land, Buildings, and Equipment, Net$1,322,230$22,732▼ $1,299,498
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$1,529,074$748,735▼ $780,339
Other Assets Total-$482,058-
Liabilities
Mortgage Notes Payable Secured by Investment Property$927,109--
Total Liabilities$2,756,794$0▼ $2,756,794
Net Assets / Fund Balance
Total Net Assets Fund Balance$-1,227,720$748,735▲ $1,976,455
Total Liabilities and Net Assets / Fund Balance$1,529,074$748,735▼ $780,339

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$22,732$47,983$70,715
Other Assets Org$482,058--
Compensation and Service Providers
Top Officer Pay53rd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Constance CostaChief Financial OfficerFT$70,000$70,000

Board Members and Trustees

NameTitle
Steven BenardoPresident
Susan RussoVice President
Sara IngraffiaTrustee
Georganna RafanielloSecretary
Janet NegliaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$41,570
Investment Income
$2,270,574
Other Revenue
$0
Change in Net Assets
$1,976,455
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$221,419
Salaries, Compensation, and Employee Benefits$114,270
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$127,571--$127,571
Current Officers, Directors, Trustees, and Key Employees$70,000--$70,000
Occupancy$60,187--$60,187
Payroll Taxes$31,070--$31,070
Other Salaries and Wages$13,200--$13,200
Depreciation Depletion$12,000--$12,000
Fees for Services Accounting$8,669--$8,669
Insurance$8,459--$8,459
Fees for Services Legal$1,052--$1,052
Travel$428--$428
Other Expenses$155--$155
Total Functional Expenses$335,689$0$0$335,689
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Constance CostaEmployeeAccrued salaryNo$1,133,457
Susan RussoTrusteeloanNo$350,000
Susan RussoTrusteeLoanNo$200,000

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$1,829,685--
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

“The Form 990 is reviewed annually at a meeting of the board of directors.”

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

“The administrator's compensation is determined by the compensation committee of the board of directors and memorialized by a written contract.”

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

“The compensation of other key employees is determined by the compensation committee of the board of directors.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“Disclosure of documents are provided upon request.”

Filing and Contact Details

Filer

Filer Name
Francis School
EIN
13-2664008
Phone
7189670400
Address
43 Delphine Terrace, Staten Island, NY 10305

Signing Officer

Name
Steven Benardo
Title
President
Signed
2018-11-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steven Benardo
Formed
1970
Legal Domicile
Ny
Voting Board Members
5
Independent Board Members
5
Employees
2

Preparer

Firm
Maltese & Weintraub Certified Public
Address
5375 HYLAN BLVD, STATEN ISLAND, NY 10312
Preparer
Anthony J Maltese CPA
Phone
7182272200
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 3: Ceased Conducting or Significant Changes To Services

“The organization is winding down its operations.”

Raw XML AppendixShowing 400 of 435 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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IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt022732
IRS990ScheduleD/EquipmentGrp/DepreciationAmt047983
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt070715
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0482058
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Attorney's escrow
IRS990ScheduleD/TotalBookValueLandBuildingsAmt022732
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0482058
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Line 4 - Explanation of Records and Materials Not Maintained
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2Schedule E, Line 5 - Explanation of Organization Discrimination by Race
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0Susan Russo
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm1Susan Russo
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm2Constance Costa
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0Trustee
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1Trustee
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt2Employee
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd1false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd2false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0350000
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt1200000
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt21133457
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0loan
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1Loan
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc2Accrued salary
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd1true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd2true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd1true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd2true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0Loan
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1loan
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt2salary
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd1X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd2X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt0350000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt1200000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt21133457
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0Susan Russo
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1Susan Russo
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm2Constance Costa
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0Trustee
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1Trustee
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt2employee
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd1true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd2true
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0The Trustee has loaned the organization funds for working capital in order for the school to operate. The employee deferred taking salary due to lack of available funds in prior years. (See schedule O for further details on the loans).
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule L, Part V Supplemental Information
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The organization is winding down its operations.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Form 990 is reviewed annually at a meeting of the board of directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The administrator's compensation is determined by the compensation committee of the board of directors and memorialized by a written contract.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The compensation of other key employees is determined by the compensation committee of the board of directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Disclosure of documents are provided upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, Line 3: Ceased Conducting or Significant Changes To Services
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0true
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01529074
IRS990/TotalAssetsEOYAmt0748735
IRS990/TotalAssetsGrp/BOYAmt01529074
IRS990/TotalAssetsGrp/EOYAmt0748735
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0335689
IRS990/TotalFunctionalExpensesGrp/TotalAmt0335689
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02756794
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt02756794
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-1227720
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0748735
IRS990/TotalProgramServiceExpensesAmt0335689
IRS990/TotalProgramServiceRevenueAmt041570
IRS990/TotalReportableCompFromOrgAmt070000
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02312144
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02312144
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01529074
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0748735
IRS990/TravelGrp/ProgramServicesAmt0428
IRS990/TravelGrp/TotalAmt0428
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false

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
$748,735
Liabilities
$0
Net assets
$748,735
Revenue
$2,312,144
Expenses
$335,689
Net income
$1,976,455
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2020Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.55$0.55
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.55$0.00$0.55$0.02$0.22$0.20
2018Detailed filing. Detailed filing data is available for this year.$0.75$0.00$0.75$2.31$0.34$1.98
2017Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$1.53$2.76$1.23$0.30$0.30$0.00
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.49$2.72$1.23$0.24$0.81$0.57
2015Detailed filing. Detailed filing data is available for this year.$1.78$2.43$0.66$0.53$1.10$0.57
2014Detailed filing. Detailed filing data is available for this year.$2.12$1.37$0.75$0.61$1.13$0.52
2013Summary only. Only limited summary data is available for this year.$2.70$1.43$1.27$0.74$1.32$0.58
2012Summary only. Only limited summary data is available for this year.$3.35$1.49$1.86$2.25$2.36$0.11
2011Summary only. Only limited summary data is available for this year.$3.51$1.55$1.97$2.17$2.14$0.04