Pt VI, Line 2
“John badagliacco, employee of education first inc. Is related to joseph caruso, employee of charter school”
990 • Fiscal year 2019 • EIN 23-2954170
Scores are not available for this record yet.
Assets
Flat$5,261,124
Flat from 2019
Net Assets
Flat-$6,614,225
Flat from 2019
Liabilities
Flat$11,875,349
Flat from 2019
Revenue
Flat$8,088,017
Flat from 2019
Expenses
Flat$5,550,556
Flat from 2019
Net Income
Flat$2,537,461
Flat from 2019
Basic education for High School students
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Cash and Non-Interest-Bearing Accounts | $1,708,471 | $3,423,947 | ▲ $1,715,476 |
| Land, Buildings, and Equipment, Net | $956,014 | $702,153 | ▼ $253,861 |
| Accounts Receivable | $153,975 | $175,780 | ▲ $21,805 |
| Prepaid Expenses and Deferred Charges | $13,630 | $107,014 | ▲ $93,384 |
| Savings and Temporary Cash Investments | $40,440 | - | - |
| Total Assets | $4,203,224 | $5,261,124 | ▲ $1,057,900 |
| Other Assets Total | $1,330,694 | $852,230 | ▼ $478,464 |
| Liabilities | |||
| Other Liabilities | $12,607,837 | $11,106,843 | ▼ $1,500,994 |
| Accounts Payable and Accrued Expenses | $719,340 | $755,078 | ▲ $35,738 |
| Deferred Revenue | $27,733 | $13,428 | ▼ $14,305 |
| Total Liabilities | $13,354,910 | $11,875,349 | ▼ $1,479,561 |
| Net Assets / Fund Balance | |||
| Unrestricted Net Assets | $-9,151,686 | $-6,614,225 | ▲ $2,537,461 |
| Total Net Assets Fund Balance | $-9,151,686 | $-6,614,225 | ▲ $2,537,461 |
| Total Liabilities and Net Assets / Fund Balance | $4,203,224 | $5,261,124 | ▲ $1,057,900 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Leasehold Improvements | $581,352 | $3,308,920 | $3,890,272 |
| Equipment | $120,801 | $1,296,190 | $1,416,991 |
| Other Land Buildings | $0 | $37,591 | $37,591 |
| Land | $0 | - | - |
| Other Assets Org | $852,230 | - | - |
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Jo Ann Moore | Principal | FT | $120,643 | - | $120,643 |
| Michael Giordano | - | - | $107,104 | $5,355 | $112,459 |
| Michael Giordano | CEO | FT | $107,104 | - | $107,104 |
| Name | Title |
|---|---|
| Frederic D Musilli | President |
| Michael Giordano | President |
| Jennifer Massenburg | Vice President |
| Danee Wright | CPAC Member |
| Carmen Sanchez | Member |
| Gloria Wallace | Member |
| Michael Giagiordano II | Member |
| Tanya Pezanowski | MEmber |
| Vincent Melchiorre | Member |
| Christine Formosa | Secretary |
| Diane Lucidi | Treasurer |
| Contractor | Services | Location | Compensation |
|---|---|---|---|
| Friends of Prep Charter | Rent | 1928 Point Breeze Ave, Philadelphia, PA 19145 | $227,500 |
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $4,162,900 |
| Other Expenses | $1,387,656 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Comp Disqual Persons | $2,498,557 | $713,445 | $0 | $3,212,002 |
| Other Employee Benefits | $682,010 | $132,671 | $0 | $814,681 |
| All Other Expenses | $241,061 | $198,357 | $0 | $439,418 |
| Depreciation Depletion | $284,612 | $0 | $0 | $284,612 |
| Payroll Taxes | $204,881 | $69,011 | $0 | $273,892 |
| Current Officers, Directors, Trustees, and Key Employees | $0 | $227,747 | $0 | $227,747 |
| Occupancy | $0 | $210,000 | $0 | $210,000 |
| Fees for Services Other | $144,015 | $0 | $0 | $144,015 |
| Fees for Services Accounting | $0 | $79,109 | $0 | $79,109 |
| Other Expenses | $655 | $45,743 | $0 | $46,398 |
| Fees for Services Legal | $0 | $43,751 | $0 | $43,751 |
| Advertising | $350 | $6,695 | $0 | $7,045 |
| Travel | $0 | $1,162 | $0 | $1,162 |
| Pension Plan Contributions | $-185,710 | $-179,712 | $0 | $-365,422 |
| Total Functional Expenses | $3,958,595 | $1,591,961 | $0 | $5,550,556 |
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $5,550,556 |
| Total Expenses per Audited Statements | $5,550,556 |
| Total Expenses per Form 990 | $5,550,556 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Interested Party | Relationship | Description | Shared Revenue | Amount |
|---|---|---|---|---|
| Friends of Prep Charter | Landlord | Rental | No | $210,000 |
| Liability | Amount |
|---|---|
| Pension & OPEB Liabilities | $7,263,000 |
| Deferred Inflows of Resources | $3,631,163 |
| Compensated Absenses Payable | $212,680 |
“John badagliacco, employee of education first inc. Is related to joseph caruso, employee of charter school”
“Board members have the right to elect board members”
“Governing body approves board minutes”
“School requires officers and employees to disclose any conflict of interest”
“Board approves all employee salaries”
“Board approves all employee salaries”
“School has entered into a service agreement with education first inc. To provide educational services and various administrative duties”
“BOARD REVIEWS FORM 990”
“Decrease in accumulated compensation absences”
“Food 5638. 1922. 3716. 0.”
“Printing 3840. 0. 3840. 0.”
“Communication 38449. 137. 38312. 0.”
“Insurance 65185. 0. 65185. 0.”
“Student Activities 139103. 139103. 0. 0.”
“Utilities 39479. 0. 39479. 0.”
“Professional Services 6740. 0. 6740. 0.”
“COmputers & Equipment 92173. 51088. 41085. 0.”
“Transportation 48811. 48811. 0. 0.”
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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|---|---|---|
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| IRS990/FormationYr | 0 | 1998 |
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| IRS990/LoanOutstandingInd | 0 | false |
| IRS990/LobbyingActivitiesInd | 0 | false |
| IRS990/LocalChaptersInd | 0 | false |
| IRS990/MaterialDiversionOrMisuseInd | 0 | false |
| IRS990/MembersOrStockholdersInd | 0 | false |
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| IRS990/MissionDesc | 0 | Basic education for High School students |
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| IRS990/MoreThan5000KToOrgInd | 0 | false |
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| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | -6614225 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
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| IRS990/OccupancyGrp/ManagementAndGeneralAmt | 0 | 210000 |
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| IRS990/OccupancyGrp/TotalAmt | 0 | 210000 |
| IRS990/OfficerMailingAddressInd | 0 | false |
| IRS990/OperateHospitalInd | 0 | false |
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| IRS990/OrganizationFollowsSFAS117Ind | 0 | X |
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| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 852230 |
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| IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt | 0 | 682010 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 814681 |
| IRS990/OtherExpensesGrp/Desc | 0 | Books & supplies |
| IRS990/OtherExpensesGrp/Desc | 1 | Equipment rental |
| IRS990/OtherExpensesGrp/Desc | 2 | Dues & fees |
| IRS990/OtherExpensesGrp/Desc | 3 | Repair & Maint |
| IRS990/OtherExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/OtherExpensesGrp/FundraisingAmt | 1 | 0 |
| IRS990/OtherExpensesGrp/FundraisingAmt | 2 | 0 |
| IRS990/OtherExpensesGrp/FundraisingAmt | 3 | 0 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 17354 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 1 | 11458 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 2 | 15170 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 3 | 45743 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 88164 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 0 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 0 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 3 | 655 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 105518 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 11458 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 15170 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 46398 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 12607837 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 11106843 |
| IRS990/PartialLiquidationInd | 0 | false |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | false |
| IRS990/PayrollTaxesGrp/FundraisingAmt | 0 | 0 |
| IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt | 0 | 69011 |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 204881 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 273892 |
| IRS990/PensionPlanContributionsGrp/FundraisingAmt | 0 | 0 |
| IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt | 0 | -179712 |
| IRS990/PensionPlanContributionsGrp/ProgramServicesAmt | 0 | -185710 |
| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | -365422 |
| IRS990/PoliticalCampaignActyInd | 0 | false |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 13630 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 107014 |
| IRS990/PrincipalOfficerNm | 0 | Michael Giangiordano |
| IRS990/ProfessionalFundraisingInd | 0 | false |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 900099 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 1 | 900099 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 2 | 900099 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 3 | 900099 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | Local Ed Source |
| IRS990/ProgramServiceRevenueGrp/Desc | 1 | State Source |
| IRS990/ProgramServiceRevenueGrp/Desc | 2 | Federal Source |
| IRS990/ProgramServiceRevenueGrp/Desc | 3 | Other Sources |
| IRS990/ProgramServiceRevenueGrp/ExclusionAmt | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/ExclusionAmt | 1 | 0 |
| IRS990/ProgramServiceRevenueGrp/ExclusionAmt | 2 | 0 |
| IRS990/ProgramServiceRevenueGrp/ExclusionAmt | 3 | 0 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 7073276 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 160870 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 2 | 708529 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 3 | 140124 |
| IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt | 1 | 0 |
| IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt | 2 | 0 |
| IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt | 3 | 0 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990/PYExcessBenefitTransInd | 0 | false |
| IRS990/PYInvestmentIncomeAmt | 0 | 1992 |
| IRS990/PYOtherExpensesAmt | 0 | 1343309 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 1565021 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | -5782134 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 6005838 |
| IRS990/PYTotalExpensesAmt | 0 | 7349147 |
| IRS990/PYTotalRevenueAmt | 0 | 1567013 |
| IRS990/QuidProQuoContributionsInd | 0 | false |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | false |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 2537461 |
| IRS990/RegularMonitoringEnfrcInd | 0 | true |
| IRS990/RelatedEntityInd | 0 | false |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990/ReportInvestmentsOtherSecInd | 0 | false |
| IRS990/ReportLandBuildingEquipmentInd | 0 | true |
| IRS990/ReportOtherAssetsInd | 0 | true |
| IRS990/ReportOtherLiabilitiesInd | 0 | true |
| IRS990/ReportProgramRelatedInvstInd | 0 | false |
| IRS990/RevenueAmt | 0 | 8088017 |
| IRS990/SavingsAndTempCashInvstGrp/BOYAmt | 0 | 40440 |
| IRS990ScheduleA/InvestmentIncomeCYPct | 0 | 0 |
| IRS990ScheduleA/OtherSupportSumAmt | 0 | 0 |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0 |
| IRS990ScheduleA/PublicSupportCY509Pct | 0 | 0 |
| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 0 |
| IRS990ScheduleA/SchoolInd | 0 | X |
| IRS990/ScheduleBRequiredInd | 0 | false |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 120801 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 1296190 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 1416991 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 5550556 |
| IRS990ScheduleD/LandGrp/BookValueAmt | 0 | 0 |
| IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt | 0 | 0 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt | 0 | 581352 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt | 0 | 3308920 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt | 0 | 3890272 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 0 | 852230 |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 0 | Deferred Outflow of Resources |
| IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt | 0 | 0 |
| IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt | 0 | 37591 |
| IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 37591 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 212680 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 1 | 7263000 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 2 | 3631163 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | Compensated Absenses Payable |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 1 | Pension & OPEB Liabilities |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 2 | Deferred Inflows of Resources |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 8088017 |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 702153 |
| IRS990ScheduleD/TotalBookValueOtherAssetsAmt | 0 | 852230 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 5550556 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 11106843 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 8088017 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 8088017 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 5550556 |
| IRS990ScheduleE/ComplianceWithRevProc7550Ind | 0 | true |
| IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceAthltProgInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceEducPlcyInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceOtherActyInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceSchsInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd | 0 | false |
| IRS990ScheduleE/GovernmentFinancialAidRcvdInd | 0 | false |
| IRS990ScheduleE/GovernmentFinancialAidRvkdInd | 0 | false |
| IRS990ScheduleE/MaintainCpyOfAllSolInd | 0 | true |
| IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd | 0 | true |
| IRS990ScheduleE/MaintainRacialCompRecsInd | 0 | true |
| IRS990ScheduleE/MaintainScholarshipsRecsInd | 0 | true |
| IRS990ScheduleE/NondiscriminatoryPolicyStmtInd | 0 | true |
| IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd | 0 | true |
| IRS990ScheduleE/PolicyStmtInBrochuresEtcInd | 0 | true |
| IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt | 0 | Charter School law prohibits discrimination CHARTER SCHOOL LAW PROHIBITS DISCRIMINATION |
| IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Line 3 |
| IRS990ScheduleJ/AnyNonFixedPaymentsInd | 0 | false |
| IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd | 0 | false |
| IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd | 0 | false |
| IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd | 0 | false |
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Displayed year
2019 • Form 990Detailed filing. Detailed filing data is available for this year.