Civic Intelligence

Franklin Lakes Board of Education Foundation Inc.

990 • Fiscal year 2019 • EIN 22-2799772

Jul 01, 2018 to Jun 30, 2019 • Filed on Feb 24, 2020

Organization ProfileWWW.FLEF.NET
490 Pulis AvenueFranklin Lakes, NJ 07417

(973) 530-9138

Siviq Scores

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

Liabilities / Assets

83rd percentile

0.18x

Higher debt load relative to assets than 83% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

89th percentile

0.26x

Higher debt load relative to revenue than 89% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

17th percentile

-18%

Higher net margin than 17% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

56th percentile

5.6%

Faster asset growth than 56% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

27th percentile

-17%

Faster revenue growth than 27% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets83rd percentile

Assets

Up

$190,794

Up $10,130 (+5.6%) from 2018

Net Assets

Down

$155,893

Down $24,771 (-14%) from 2018

Liabilities

Up

$34,901

Up $34,901 from 2018

Revenue And Expenses
Liabilities / Revenue89th percentileNet Margin17th percentile

Revenue

Down

$136,342

Down $27,189 (-17%) from 2018

Expenses

Up

$161,086

Up $27,929 (+21%) from 2018

Net Income

Down

-$24,744

Down $55,118 (-181%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth56th percentile

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

$400K$300K$200K$100K$0Assets 2011: $305,367Liabilities 2011: $35,068Net Assets 2011: $270,2992011Assets 2012: $349,485Liabilities 2012: $0Net Assets 2012: $349,4852012Assets 2013: $310,182Liabilities 2013: $41,974Net Assets 2013: $268,2082013Assets 2014: $311,886Liabilities 2014: $0Net Assets 2014: $311,8862014Assets 2015: $373,228Liabilities 2015: $0Net Assets 2015: $373,2282015Assets 2016: $284,038Liabilities 2016: $0Net Assets 2016: $284,0382016Assets 2017: $254,952Liabilities 2017: $104,638Net Assets 2017: $150,3142017Assets 2018: $180,664Liabilities 2018: $0Net Assets 2018: $180,6642018Assets 2019: $190,794Liabilities 2019: $34,901Net Assets 2019: $155,8932019Assets 2020: $225,008Liabilities 2020: $17,480Net Assets 2020: $207,5282020Assets 2021: $187,972Liabilities 2021: $0Net Assets 2021: $187,9722021Assets 2022: $245,529Liabilities 2022: $7,730Net Assets 2022: $237,7992022Assets 2023: $215,385Liabilities 2023: $1,509Net Assets 2023: $213,8762023

Highlighted filing

2019

Assets$190,794
Liabilities$34,901
Net Assets$155,893
Open 2019 Filing

Operations Trend

Revenue Growth27th percentile

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

$400K$200K$0-$200KRevenue 2011: $129,955Expenses 2011: $176,435Net Income 2011: -$46,4802011Revenue 2012: $277,544Expenses 2012: $243,145Net Income 2012: $34,3992012Revenue 2013: $231,221Expenses 2013: $227,335Net Income 2013: $3,8862013Revenue 2014: $141,797Expenses 2014: $140,092Net Income 2014: $1,7052014Revenue 2015: $165,639Expenses 2015: $104,297Net Income 2015: $61,3422015Revenue 2016: $157,208Expenses 2016: $246,398Net Income 2016: -$89,1902016Revenue 2017: $115,995Expenses 2017: $249,719Net Income 2017: -$133,7242017Revenue 2018: $163,531Expenses 2018: $133,157Net Income 2018: $30,3742018Revenue 2019: $136,342Expenses 2019: $161,086Net Income 2019: -$24,7442019Revenue 2020: $80,271Expenses 2020: $28,636Net Income 2020: $51,6352020Revenue 2021: $60,747Expenses 2021: $80,303Net Income 2021: -$19,5562021Revenue 2022: $131,311Expenses 2022: $81,484Net Income 2022: $49,8272022Revenue 2023: $180,965Expenses 2023: $204,888Net Income 2023: -$23,9232023

Highlighted filing

2019

Revenue$136,342
Expenses$161,086
Net Income-$24,744
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Feb 24, 2020
Return Version
2018v3.1
Gross Receipts
$217,584
Mission and Program Overview

Mission

Provide benefits to public school children in franklin lakes borough public schools

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$145,084$146,163▲ $1,079
Cash and Non-Interest-Bearing Accounts$35,580$44,631▲ $9,051
Total Assets$180,664$190,794▲ $10,130
Liabilities
Grants Payable-$34,901-
Total Liabilities$0$34,901▲ $34,901
Net Assets / Fund Balance
Unrestricted Net Assets$180,664$155,893▼ $24,771
Total Net Assets Fund Balance$180,664$155,893▼ $24,771
Total Liabilities and Net Assets / Fund Balance$180,664$190,794▲ $10,130
Compensation and Service Providers
Top Officer Pay77th percentile

Board Members and Trustees

NameTitle
Shirley MattioliCo-president
Tony SolimineCo-president
Erin TrickCo-vice President
Samantha Braen-magarroCo-vice President
Lisa LandersSecretary
Robert FrombergTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$400
Program Service Revenue
$0
Investment Income
$786
Other Revenue
$135,156
All Other Contributions
$400
Change in Net Assets
$-24,744
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$154,957
Other Expenses$6,129
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$154,957--$154,957
Fees for Services Other-$4,546-$4,546
Insurance-$1,583-$1,583
Total Functional Expenses$154,957$6,129$0$161,086
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Franklin Lakes Public SchoolsFranklin Lakes, NJ-To Provide Benefits to Public School Children in Franklin Lakes Public Schools$154,957
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$183,777
Fundraising Direct Expenses$66,611
Gaming Gross Income$28,800
Gaming Direct Expenses$14,631
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Dinner Dance$94,699$94,699$14,238$80,461
Rectoberflef$72,459$72,459-$72,459
Total Events$183,777$183,777$66,611$117,166
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“Form 990 reviewed by treasurer prior to filing.”

Form 990, Part VI, Section C, Line 19

“Documents available upon request”

Filing and Contact Details

Filer

Filer Name
Franklin Lakes Borough Education
EIN
22-2799772
Phone
9735309138
Address
490 PULIS AVENUE, FRANKLIN LAKES, NJ 07417

Signing Officer

Name
Jeffrey Massaro
Title
Treasurer
Phone
9735309138
Signed
2020-02-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeffrey Massaro
Formed
1987
Legal Domicile
Nj
Voting Board Members
21
Independent Board Members
21
Employees
0
Volunteers
25

Preparer

Firm
Bederson Llp
Address
100 PASSAIC AVENUE - SUITE 310, FAIRFIELD, NJ 07004
Preparer
Jeffrey E Callahan
Phone
9737363333
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“NJ FILING PENALTIES -27.”

Raw XML Appendix398 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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IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt041216
IRS990ScheduleG/GamingInformationGrp/CashPrizesOtherGamingAmt014400
IRS990ScheduleG/GamingInformationGrp/CashPrizesTotalGamingAmt014400
IRS990ScheduleG/GamingInformationGrp/DirectExpenseSummaryGamingAmt014631
IRS990ScheduleG/GamingInformationGrp/GrossRevenueOtherGamingAmt028800
IRS990ScheduleG/GamingInformationGrp/GrossRevenueTotalGamingAmt028800
IRS990ScheduleG/GamingInformationGrp/NetGamingIncomeSummaryAmt014169
IRS990ScheduleG/GamingInformationGrp/OthDirectExpnssOtherGamingAmt0231
IRS990ScheduleG/GamingInformationGrp/OthDirectExpnssTotalGamingAmt0231
IRS990ScheduleG/GamingInformationGrp/VolunteerLaborOtherGamingInd00
IRS990ScheduleG/GamingWithNonmembersInd00
IRS990ScheduleG/LicensedInd01
IRS990ScheduleG/LicenseSuspendedEtcInd00
IRS990ScheduleG/MemberOfOtherEntityInd00
IRS990ScheduleG/StatesWhereGamingConductedCd0NJ
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0154957
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO PROVIDE BENEFITS TO PUBLIC SCHOOL CHILDREN IN FRANKLIN LAKES PUBLIC SCHOOLS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0FRANKLIN LAKES PUBLIC SCHOOLS
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0490 PULIS AVEENUE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0FRANKLIN LAKES
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NJ
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd007417
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0PROPOSALS ARE SUBMITTED BY APPLICANTS FOR USE OF FUNDS. FUNDS ARE SENT DIRECTLY TO VENDOR FOR PAYMENT OF ITEMS/SERVICES REQUESTED.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 REVIEWED BY TREASURER PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DOCUMENTS AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NJ FILING PENALTIES -27.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART XI, LINE 9:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NJ
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0180664
IRS990/TotalAssetsEOYAmt0190794
IRS990/TotalAssetsGrp/BOYAmt0180664
IRS990/TotalAssetsGrp/EOYAmt0190794
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0400
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt06129
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0154957
IRS990/TotalFunctionalExpensesGrp/TotalAmt0161086
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt034901
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt034901
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0180664
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0155893
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0154957
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0135942
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0136342
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt025
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0180664
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0190794
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0180664
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0155893
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0490 PULIS AVENUE
IRS990/USAddress/CityNm0FRANKLIN LAKES
IRS990/USAddress/StateAbbreviationCd0NJ
IRS990/USAddress/ZIPCd007417
IRS990/VotingMembersGoverningBodyCnt021
IRS990/VotingMembersIndependentCnt021
IRS990/WebsiteAddressTxt0WWW.FLEF.NET
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02020-09-22 18:59:49Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JEFFREY MASSARO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum09735309138
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-02-24
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FRANKLIN LAKES BOROUGH EDUCATION
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0FRAN
ReturnHeader/Filer/EIN0222799772
ReturnHeader/Filer/PhoneNum09735309138
ReturnHeader/Filer/USAddress/AddressLine1Txt0490 PULIS AVENUE
ReturnHeader/Filer/USAddress/CityNm0FRANKLIN LAKES
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NJ
ReturnHeader/Filer/USAddress/ZIPCd007417
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0CF0737EAB4B86F06943040EDD6484DBB1FF2FF1E
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0C7D90F43BEC80A2BF06BE4EA900171690BC48F9F
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt065.51.114.178
ReturnHeader/FilingSecurityInformation/IPDt02020-02-24
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ES
ReturnHeader/FilingSecurityInformation/IPTm014:00:52
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0222978848
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BEDERSON LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0100 PASSAIC AVENUE - SUITE 310
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FAIRFIELD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd007004
ReturnHeader/PreparerPersonGrp/PhoneNum09737363333
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JEFFREY E CALLAHAN
ReturnHeader/ReturnTs02020-02-27T10:44:09-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-07-01
ReturnHeader/TaxPeriodEndDt02019-06-30
ReturnHeader/TaxYr02018

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$190,794
Liabilities
$34,901
Net assets
$155,893
Revenue
$136,342
Expenses
$161,086
Net income
-$24,744
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$2.15$0.02$2.14$1.81$2.05$0.24
2022Detailed filing. Detailed filing data is available for this year.$2.46$0.08$2.38$1.31$0.81$0.50
2021Detailed filing. Detailed filing data is available for this year.$1.88$0.00$1.88$0.61$0.80$0.20
2020Detailed filing. Detailed filing data is available for this year.$2.25$0.17$2.08$0.80$0.29$0.52
2019Detailed filing. Detailed filing data is available for this year.$1.91$0.35$1.56$1.36$1.61$0.25
2018Detailed filing. Detailed filing data is available for this year.$1.81$0.00$1.81$1.64$1.33$0.30
2017Detailed filing. Detailed filing data is available for this year.$2.55$1.05$1.50$1.16$2.50$1.34
2016Summary only. Only limited summary data is available for this year.$2.84$0.00$2.84$1.57$2.46$0.89
2015Summary only. Only limited summary data is available for this year.$3.73$0.00$3.73$1.66$1.04$0.61
2014Summary only. Only limited summary data is available for this year.$3.12$0.00$3.12$1.42$1.40$0.02
2013Summary only. Only limited summary data is available for this year.$3.10$0.42$2.68$2.31$2.27$0.04
2012Summary only. Only limited summary data is available for this year.$3.49$0.00$3.49$2.78$2.43$0.34
2011Summary only. Only limited summary data is available for this year.$3.05$0.35$2.70$1.30$1.76$0.46