Civic Intelligence

Franklin Towne Charter High School

990 • Fiscal year 2017 • EIN 23-3038855

Jul 01, 2016 to Jun 30, 2017 • Filed on Dec 12, 2017

5301 Tacony Street Box 310Philadelphia, PA 19137

(215) 289-5000

Siviq Scores

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

Liabilities / Assets

94th percentile

1.04x

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

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Liabilities / Revenue

89th percentile

2.83x

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

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Net Margin

18th percentile

-5.7%

Higher net margin than 18% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Top Officer Pay

47th percentile

$232,625

Higher top officer pay than 47% of similar nonprofits.

Top officer pay equals 1.6% of source-year revenue.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Asset Growth

83rd percentile

18%

Faster asset growth than 83% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2016 to 2017

Revenue Growth

58th percentile

7.4%

Faster revenue growth than 58% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2016 to 2017

Assets

Up

$40,780,451

Up $6,110,603 (+18%) from 2016

Net Assets

Down

-$1,596,112

Down $847,743 (-113%) from 2016

Liabilities

Up

$42,376,563

Up $6,958,346 (+20%) from 2016

Revenue

Up

$14,993,108

Up $1,038,397 (+7.4%) from 2016

Expenses

Up

$15,840,851

Up $1,493,107 (+10%) from 2016

Net Income

Down

-$847,743

Down $454,710 (-116%) from 2016

Historical Trend

Balance Sheet Trend

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

$60M$40M$20M$0-$20MAssets 2011: $26,562,927Liabilities 2011: $15,411,896Net Assets 2011: $11,151,0312011Assets 2012: $27,000,549Liabilities 2012: $14,773,105Net Assets 2012: $12,227,4442012Assets 2013: $27,799,089Liabilities 2013: $14,772,309Net Assets 2013: $13,026,7802013Assets 2014: $29,994,194Liabilities 2014: $14,375,707Net Assets 2014: $15,618,4872014Assets 2015: $29,999,227Liabilities 2015: $13,676,987Net Assets 2015: $16,322,2402015Assets 2016: $34,669,848Liabilities 2016: $35,418,217Net Assets 2016: -$748,3692016Assets 2017: $40,780,451Liabilities 2017: $42,376,563Net Assets 2017: -$1,596,1122017Assets 2018: $39,639,429Liabilities 2018: $41,846,445Net Assets 2018: -$2,207,0162018Assets 2019: $39,204,194Liabilities 2019: $39,932,634Net Assets 2019: -$728,4402019Assets 2020: $39,345,721Liabilities 2020: $37,957,581Net Assets 2020: $1,388,1402020Assets 2021: $43,279,535Liabilities 2021: $35,831,755Net Assets 2021: $7,447,7802021Assets 2022: $47,616,708Liabilities 2022: $35,201,436Net Assets 2022: $12,415,2722022Assets 2023: $50,340,078Liabilities 2023: $32,083,903Net Assets 2023: $18,256,1752023Assets 2024: $54,337,831Liabilities 2024: $31,471,232Net Assets 2024: $22,866,5992024

Highlighted filing

2017

Assets$40,780,451
Liabilities$42,376,563
Net Assets-$1,596,112

Operations Trend

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

$30M$20M$10M$0-$10MRevenue 2011: $12,544,575Expenses 2011: $11,075,175Net Income 2011: $1,469,4002011Revenue 2012: $12,264,303Expenses 2012: $11,187,890Net Income 2012: $1,076,4132012Revenue 2013: $13,053,094Expenses 2013: $12,253,758Net Income 2013: $799,3362013Revenue 2014: $15,941,167Expenses 2014: $13,349,460Net Income 2014: $2,591,7072014Revenue 2015: $14,144,339Expenses 2015: $13,440,586Net Income 2015: $703,7532015Revenue 2016: $13,954,711Expenses 2016: $14,347,744Net Income 2016: -$393,0332016Revenue 2017: $14,993,108Expenses 2017: $15,840,851Net Income 2017: -$847,7432017Revenue 2018: $16,075,561Expenses 2018: $15,730,465Net Income 2018: $345,0962018Revenue 2019: $17,291,164Expenses 2019: $15,812,588Net Income 2019: $1,478,5762019Revenue 2020: $18,459,201Expenses 2020: $16,342,621Net Income 2020: $2,116,5802020Revenue 2021: $21,529,149Expenses 2021: $15,469,509Net Income 2021: $6,059,6402021Revenue 2022: $24,090,071Expenses 2022: $19,122,579Net Income 2022: $4,967,4922022Revenue 2023: $23,292,538Expenses 2023: $17,441,292Net Income 2023: $5,851,2462023Revenue 2024: $27,255,923Expenses 2024: $22,645,499Net Income 2024: $4,610,4242024

Highlighted filing

2017

Revenue$14,993,108
Expenses$15,840,851
Net Income-$847,743
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Dec 12, 2017
Return Version
2016v3.0
Gross Receipts
$14,993,108
Mission and Program Overview

Mission

Basic high school education for high school students.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$24,300,384$30,759,693▲ $6,459,309
Cash and Non-Interest-Bearing Accounts$3,198,863$1,790,669▼ $1,408,194
Investments Other Securities$1,442,115--
Intangible Assets$1,050,245$853,336▼ $196,909
Accounts Receivable$276,244$301,803▲ $25,559
Prepaid Expenses and Deferred Charges$243,864$270,495▲ $26,631
Total Assets$34,669,848$40,780,451▲ $6,110,603
Other Assets Total$4,158,133$6,804,455▲ $2,646,322
Liabilities
Other Liabilities$20,328,000$23,463,000▲ $3,135,000
Mortgage Notes Payable Secured by Investment Property$12,383,698$17,269,777▲ $4,886,079
Accounts Payable and Accrued Expenses$2,561,037$1,450,254▼ $1,110,783
Deferred Revenue$145,482$193,532▲ $48,050
Total Liabilities$35,418,217$42,376,563▲ $6,958,346
Net Assets / Fund Balance
Permanently Rstr Net Assets$1,442,115--
Unrestricted Net Assets$-2,190,484$-1,596,112▲ $594,372
Total Net Assets Fund Balance$-748,369$-1,596,112▼ $847,743
Total Liabilities and Net Assets / Fund Balance$34,669,848$40,780,451▲ $6,110,603

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$30,759,693$7,990,156$38,749,849
Other Assets Org$6,804,455--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Timothy LorangerIt DirectorFT$137,446$137,446
Eugenia KooAssistant PrincipalFT$125,344$125,344

Board Members and Trustees

NameTitle
Joseph VendittiCEO
Patrick FieldChief Acad. Officer
Cynthia a MareliaPresidnet
Joseph a GarbarinoSec./treasurer
Michele KrajewskiVice Presidnet

Highest Paid Contractors

ContractorServicesLocationCompensation
Nutrition GroupFood Servoce580 WENDAL ROAD, Irwin, PA 15642$499,396
Arsenal Business ServicesReal Estate ServicesP O BOX 266767, Elkins Park, PA 19027$316,966
C E M aUtilitesP O BOX 272, Newtown, PA 18940$254,671
Omnivest Managment LLCManagment Services115 PHEASANT RUN, Newtown, PA 18940$112,200
Revenue and Support

Revenue Composition

Contributions and Grants
$1,638,159
Program Service Revenue
$13,354,949
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-847,743
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$11,496,704
Other Expenses$4,344,147
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$6,567,738$109,081-$6,676,819
Pension Plan Contributions$2,746,513$41,487-$2,788,000
Other Employee Benefits$1,443,536$23,998-$1,467,534
Occupancy$883,347--$883,347
Depreciation Depletion$876,871--$876,871
Payroll Taxes$555,164$9,187-$564,351
Interest$473,203--$473,203
Insurance$202,415--$202,415
Fees for Services Management-$112,200-$112,200
Information Technology$23,081$70,462-$93,543
Other Expenses$64,350--$64,350
Office Expenses-$57,217-$57,217
Fees for Services Legal$31,480--$31,480
Fees for Services Accounting-$25,000-$25,000
Total Functional Expenses$15,392,219$448,632$0$15,840,851
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
Federal income taxes$23,093,000
Net Pension Liability$370,000
Dwferred Inflows-
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

The schools CEO revfiews the form 990 before filing.

Form 990, Part VI, Section B, Line 19

The Schools governing documents are made available for public inspection upon request.

Filing and Contact Details

Filer

Filer Name
Franklin Towne Charter High School
EIN
23-3038855
Phone
2152895000
Address
5301 TACONY STREET BOX 310, PHILADELPHIA, PA 19137

Signing Officer

Name
Joseph Venditti
Title
CEO
Signed
2017-12-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joseph Venditti
Formed
2000
Legal Domicile
Pa
Voting Board Members
11
Independent Board Members
11
Employees
141

Preparer

Firm
Anthony J Kubicek CPA
Address
1240 WEST CHESTER PIKE SUITE 210, WEST CHESTER, PA 19382
Preparer
Anthony J Kubicek
Phone
6104307826
Raw XML AppendixShowing 400 of 414 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/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt02561037
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt01450254
IRS990/AccountsReceivableGrp/BOYAmt0276244
IRS990/AccountsReceivableGrp/EOYAmt0301803
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0BASIC HIGH SCHOOL EDUCATION FOR HIGH SCHOOL STUDENTS.
IRS990/AdvertisingGrp/TotalAmt00
IRS990/AllOtherExpensesGrp/TotalAmt00
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0ANTHONY J KUBICEK CPA
IRS990/BooksInCareOfDetail/PhoneNum06104307826
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01240 WEST CHESTER PIKE SUITE 210
IRS990/BooksInCareOfDetail/USAddress/CityNm0WEST CHESTER
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0PA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd019382
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt03198863
IRS990/CashNonInterestBearingGrp/EOYAmt01790669
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt04
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt00
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/ContractorCompensationGrp/CompensationAmt0499396
IRS990/ContractorCompensationGrp/CompensationAmt1254671
IRS990/ContractorCompensationGrp/CompensationAmt2316966
IRS990/ContractorCompensationGrp/CompensationAmt3112200
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt0580 WENDAL ROAD
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt1P O BOX 272
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt2P O BOX 266767
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt3115 PHEASANT RUN
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0IRWIN
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm1NEWTOWN
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm2ELKINS PARK
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm3NEWTOWN
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0PA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd1PA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd2PA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd3PA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd015642
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd118940
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd219027
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd318940
IRS990/ContractorCompensationGrp/ContractorName/PersonNm0NUTRITION GROUP
IRS990/ContractorCompensationGrp/ContractorName/PersonNm1C E M A
IRS990/ContractorCompensationGrp/ContractorName/PersonNm2ARSENAL BUSINESS SERVICES
IRS990/ContractorCompensationGrp/ContractorName/PersonNm3OMNIVEST MANAGMENT LLC
IRS990/ContractorCompensationGrp/ServicesDesc0FOOD SERVOCE
IRS990/ContractorCompensationGrp/ServicesDesc1UTILITES
IRS990/ContractorCompensationGrp/ServicesDesc2REAL ESTATE SERVICES
IRS990/ContractorCompensationGrp/ServicesDesc3MANAGMENT SERVICES
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt01638159
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt04344147
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt013354949
IRS990/CYRevenuesLessExpensesAmt0-847743
IRS990/CYSalariesCompEmpBnftPaidAmt011496704
IRS990/CYTotalExpensesAmt015840851
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt014993108
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt0145482
IRS990/DeferredRevenueGrp/EOYAmt0193532
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0876871
IRS990/DepreciationDepletionGrp/TotalAmt0876871
IRS990/Desc0FRANKLIN TOWNE CHARTER HIGH SCHOOL IS AND INDEPENDENT CHARTER HIGH SCHOOL WITH THE PRIMARY PURPOSE TO PROVIDE EDUCATION WITH UNQUIE SUPPORT SERVICE TO FACILITATE THIS GOAL.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt0141
IRS990/EmploymentTaxReturnsFiledInd0false
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt015392219
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditPerformedInd0true
IRS990/FederalGrantAuditRequiredInd0true
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt025000
IRS990/FeesForServicesAccountingGrp/TotalAmt025000
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt031480
IRS990/FeesForServicesLegalGrp/TotalAmt031480
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt0112200
IRS990/FeesForServicesManagementGrp/TotalAmt0112200
IRS990/FeesForServicesOtherGrp/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt0005.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt1005.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt2005.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt0005.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1005.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt2005.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt3040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt4040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt5040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt6040.00
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd1X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/PersonNm0CYNTHIA A MARELIA
IRS990/Form990PartVIISectionAGrp/PersonNm1MICHELE KRAJEWSKI
IRS990/Form990PartVIISectionAGrp/PersonNm2JOSEPH A GARBARINO
IRS990/Form990PartVIISectionAGrp/PersonNm3JOSEPH VENDITTI
IRS990/Form990PartVIISectionAGrp/PersonNm4PATRICK FIELD
IRS990/Form990PartVIISectionAGrp/PersonNm5TIMOTHY LORANGER
IRS990/Form990PartVIISectionAGrp/PersonNm6EUGENIA KOO
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt3232625
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt4165918
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt5137446
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt6125344
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDNET
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDNET
IRS990/Form990PartVIISectionAGrp/TitleTxt2SEC./TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt4CHIEF ACAD. OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt5IT DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6ASSISTANT PRINCIPAL
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr02000
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/ConsolAndSepBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt011
IRS990/GovernmentGrantsAmt01638159
IRS990/GrantAmt01638159
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt014993108
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt011
IRS990/IndivRcvdGreaterThan100KCnt04
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt070462
IRS990/InformationTechnologyGrp/ProgramServicesAmt023081
IRS990/InformationTechnologyGrp/TotalAmt093543
IRS990/InsuranceGrp/ProgramServicesAmt0202415
IRS990/InsuranceGrp/TotalAmt0202415
IRS990/IntangibleAssetsGrp/BOYAmt01050245
IRS990/IntangibleAssetsGrp/EOYAmt0853336
IRS990/InterestGrp/ProgramServicesAmt0473203
IRS990/InterestGrp/TotalAmt0473203
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt01442115
IRS990/IRPDocumentCnt020
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt07990156
IRS990/LandBldgEquipBasisNetGrp/BOYAmt024300384
IRS990/LandBldgEquipBasisNetGrp/EOYAmt030759693
IRS990/LandBldgEquipCostOrOtherBssAmt038749849
IRS990/LegalDomicileStateCd0PA
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0BASIC HIGH SCHOOL EDUCATION FOR HIGH SCHOOL STUDENTS.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt012383698
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt017269777
IRS990/NetAssetsOrFundBalancesBOYAmt0-748369
IRS990/NetAssetsOrFundBalancesEOYAmt0-1596112
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt0883347
IRS990/OccupancyGrp/TotalAmt0883347
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt057217
IRS990/OfficeExpensesGrp/TotalAmt057217
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt04158133
IRS990/OtherAssetsTotalGrp/EOYAmt06804455
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt023998
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt01443536
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01467534
IRS990/OtherExpensesGrp/Desc0STUDENT ACTIVITES
IRS990/OtherExpensesGrp/Desc1FOOD SERVICE
IRS990/OtherExpensesGrp/Desc2EDUCATIONAL SUPPLIES SERVICES
IRS990/OtherExpensesGrp/Desc3SPECIAL EDUCATION
IRS990/OtherExpensesGrp/ProgramServicesAmt0582907
IRS990/OtherExpensesGrp/ProgramServicesAmt1519675
IRS990/OtherExpensesGrp/ProgramServicesAmt2421939
IRS990/OtherExpensesGrp/ProgramServicesAmt364350
IRS990/OtherExpensesGrp/TotalAmt0582907
IRS990/OtherExpensesGrp/TotalAmt1519675
IRS990/OtherExpensesGrp/TotalAmt2421939
IRS990/OtherExpensesGrp/TotalAmt364350
IRS990/OtherLiabilitiesGrp/BOYAmt020328000
IRS990/OtherLiabilitiesGrp/EOYAmt023463000
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0109081
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt06567738
IRS990/OtherSalariesAndWagesGrp/TotalAmt06676819
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt09187
IRS990/PayrollTaxesGrp/ProgramServicesAmt0555164
IRS990/PayrollTaxesGrp/TotalAmt0564351
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt041487
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt02746513
IRS990/PensionPlanContributionsGrp/TotalAmt02788000
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt01442115
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0243864
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0270495
IRS990/PrincipalOfficerNm0JOSEPH VENDITTI
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM SERVICE REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt013354949
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt013354949
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt01438850
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt073669
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt03955792
IRS990/PYProgramServiceRevenueAmt012442192
IRS990/PYRevenuesLessExpensesAmt0-393033
IRS990/PYSalariesCompEmpBnftPaidAmt010391952
IRS990/PYTotalExpensesAmt014347744
IRS990/PYTotalRevenueAmt013954711
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-847743
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt030759693
IRS990ScheduleD/BuildingsGrp/DepreciationAmt07990156
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt038749849
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt06804455
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEFERRED OUTFLOWS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DUE FROM RELATED ENTITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt023093000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1370000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1NET PENSION LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2DWFERRED INFLOWS
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/TotalBookValueLandBuildingsAmt030759693
IRS990ScheduleD/TotalBookValueOtherAssetsAmt06804455
IRS990ScheduleD/TotalLiabilityAmt023463000
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JOSEPH VENDITTI
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1PATRICK FIELD
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1CHIEF ACAD. OFFICER
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SubstantiationRequiredInd0true
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The schools CEO revfiews the form 990 before filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Schools governing documents are made available for public inspection upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt034669848
IRS990/TotalAssetsEOYAmt040780451
IRS990/TotalAssetsGrp/BOYAmt034669848
IRS990/TotalAssetsGrp/EOYAmt040780451
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalContributionsAmt01638159
IRS990/TotalEmployeeCnt0141
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0448632
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt015392219
IRS990/TotalFunctionalExpensesGrp/TotalAmt015840851
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt035418217
IRS990/TotalLiabilitiesEOYAmt042376563
IRS990/TotalLiabilitiesGrp/BOYAmt035418217
IRS990/TotalLiabilitiesGrp/EOYAmt042376563
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-748369
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-1596112
IRS990/TotalProgramServiceExpensesAmt015392219
IRS990/TotalProgramServiceRevenueAmt013354949
IRS990/TotalReportableCompFromOrgAmt0661333
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt013354949
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt014993108
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt034669848
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt040780451
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-2190484
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-1596112
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt05301 TACONY STREET BOX 310
IRS990/USAddress/CityNm0PHILADELPHIA
IRS990/USAddress/StateAbbreviationCd0PA
IRS990/USAddress/ZIPCd019137
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt011
IRS990/WebsiteAddressTxt0www.franklintowne.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Joseph Venditti
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-12-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FRANKLIN TOWNE CHARTER HIGH SCHOOL
ReturnHeader/Filer/BusinessNameControlTxt0FRAN
ReturnHeader/Filer/EIN0233038855
ReturnHeader/Filer/PhoneNum02152895000
ReturnHeader/Filer/USAddress/AddressLine1Txt05301 TACONY STREET BOX 310
ReturnHeader/Filer/USAddress/CityNm0PHILADELPHIA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0PA
ReturnHeader/Filer/USAddress/ZIPCd019137
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0439ACBB500D0096EFD077BCF74A523C66A5DDF52
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0439ACBB500D0096EFD077BCF74A523C66A5DDF52
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt074.95.173.253
ReturnHeader/FilingSecurityInformation/IPDt02017-12-12
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ES

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$54.3$31.5$22.9$27.3$22.6$4.61
2023Summary only. Only limited summary data is available for this year.$50.3$32.1$18.3$23.3$17.4$5.85
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$47.6$35.2$12.4$24.1$19.1$4.97
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$43.3$35.8$7.45$21.5$15.5$6.06
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$39.3$38.0$1.39$18.5$16.3$2.12
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$39.2$39.9$0.73$17.3$15.8$1.48
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$39.6$41.8$2.21$16.1$15.7$0.35
2017Detailed filing. Detailed filing data is available for this year.$40.8$42.4$1.60$15.0$15.8$0.85
2016Detailed filing. Detailed filing data is available for this year.$34.7$35.4$0.75$14.0$14.3$0.39
2015Summary only. Only limited summary data is available for this year.$30.0$13.7$16.3$14.1$13.4$0.70
2014Summary only. Only limited summary data is available for this year.$30.0$14.4$15.6$15.9$13.3$2.59
2013Summary only. Only limited summary data is available for this year.$27.8$14.8$13.0$13.1$12.3$0.80
2012Summary only. Only limited summary data is available for this year.$27.0$14.8$12.2$12.3$11.2$1.08
2011Summary only. Only limited summary data is available for this year.$26.6$15.4$11.2$12.5$11.1$1.47