Civic Intelligence

Franklin Towne Charter High School

990 • Fiscal year 2018 • EIN 23-3038855

Jul 01, 2017 to Jun 30, 2018 • Filed on Nov 27, 2018

Organization Profilewww.franklintowne.org
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

95th percentile

1.06x

Higher debt load relative to assets than 95% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Liabilities / Revenue

89th percentile

2.60x

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

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Net Margin

44th percentile

2.1%

Higher net margin than 44% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Top Officer Pay

47th percentile

$238,628

Higher top officer pay than 47% of similar nonprofits.

Top officer pay equals 1.5% of source-year revenue.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Asset Growth

25th percentile

-2.8%

Faster asset growth than 25% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Revenue Growth

57th percentile

7.2%

Faster revenue growth than 57% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets95th percentile

Assets

Down

$39,639,429

Down $1,141,022 (-2.8%) from 2017

Net Assets

Down

-$2,207,016

Down $610,904 (-38%) from 2017

Liabilities

Down

$41,846,445

Down $530,118 (-1.3%) from 2017

Revenue And Expenses
Liabilities / Revenue89th percentileNet Margin44th percentile

Revenue

Up

$16,075,561

Up $1,082,453 (+7.2%) from 2017

Expenses

Down

$15,730,465

Down $110,386 (-0.7%) from 2017

Net Income

Up

$345,096

Up $1,192,839 (+141%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth25th percentile

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

2018

Assets$39,639,429
Liabilities$41,846,445
Net Assets-$2,207,016
Open 2018 Filing

Operations Trend

Revenue Growth57th percentile

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

2018

Revenue$16,075,561
Expenses$15,730,465
Net Income$345,096
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Nov 27, 2018
Return Version
2017v2.3
Gross Receipts
$16,075,561
Mission and Program Overview

Mission

Basic high school education for high school students.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$30,759,693$31,288,719▲ $529,026
Cash and Non-Interest-Bearing Accounts$1,790,669$1,860,958▲ $70,289
Intangible Assets$853,336$679,415▼ $173,921
Accounts Receivable$301,803$392,509▲ $90,706
Prepaid Expenses and Deferred Charges$270,495$247,118▼ $23,377
Total Assets$40,780,451$39,639,429▼ $1,141,022
Other Assets Total$6,804,455$5,170,710▼ $1,633,745
Liabilities
Other Liabilities$23,463,000$23,679,000▲ $216,000
Mortgage Notes Payable Secured by Investment Property$17,269,777$16,626,320▼ $643,457
Accounts Payable and Accrued Expenses$1,450,254$1,221,101▼ $229,153
Deferred Revenue$193,532$320,024▲ $126,492
Total Liabilities$42,376,563$41,846,445▼ $530,118
Net Assets / Fund Balance
Unrestricted Net Assets$-1,596,112$-2,207,016▼ $610,904
Total Net Assets Fund Balance$-1,596,112$-2,207,016▼ $610,904
Total Liabilities and Net Assets / Fund Balance$40,780,451$39,639,429▼ $1,141,022

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$31,288,719$10,321,370$40,179,969
Other Assets Org$5,170,710--
Compensation and Service Providers
Top Officer Pay47th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Joseph VendittiCEOFT$238,628$131,245$369,873
Patrick FieldChief Acad. OfficerFT$169,373$93,155$262,528
Timothy LorangerIt DirectorFT$130,874-$130,874
Eugenia KooAssistant PrincipalFT$123,968-$123,968

Board Members and Trustees

NameTitle
Cynthia a MareliaPresidnet
Joseph a GarbarinoSec./treasurer
Michele KrajewskiVice Presidnet

Highest Paid Contractors

ContractorServicesLocationCompensation
Nutrition GroupFood Servoce580 WENDAL ROAD, Irwin, PA 15642$500,672
Arsenal Business ServicesReal Estate ServicesP O BOX 266767, Elkins Park, PA 19027$347,783
Energy Managment ServicesUtilitesP O BOX 646, Exton, PA 19341$248,012
Omnivest Managment LLCManagment Services115 PHEASANT RUN, Newtown, PA 18940$115,566
Revenue and Support

Revenue Composition

Contributions and Grants
$1,811,401
Program Service Revenue
$14,264,160
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$345,096
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$11,006,274
Other Expenses$4,724,191
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$6,543,221$141,996-$6,685,217
Pension Plan Contributions$2,201,799$57,512-$2,259,311
Other Employee Benefits$1,484,941$31,239-$1,516,180
Depreciation Depletion$1,075,014--$1,075,014
Occupancy$899,934--$899,934
Payroll Taxes$534,196$11,370-$545,566
Interest$524,859--$524,859
Information Technology$229,330$83,100-$312,430
Insurance$192,954--$192,954
Fees for Services Legal$116,760--$116,760
Fees for Services Management-$115,566-$115,566
Other Expenses$67,839--$67,839
Office Expenses-$45,779-$45,779
Fees for Services Accounting-$25,000-$25,000
Total Functional Expenses$15,218,903$511,562$0$15,730,465
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$20,891,000
Net Pension Liability$1,926,000
Dwferred Inflows$862,000
Net Other Post Retirement Liabilty-
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 reviews the form 990 before it is filed.”

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
2018-11-27
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
1000 W VALLEY ROAD P O BOX 966, SOUTHEASTERN, PA 19399
Preparer
Anthony J Kubicek
Phone
6109969468
Raw XML AppendixShowing 400 of 416 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/BOYAmt01450254
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt01221101
IRS990/AccountsReceivableGrp/BOYAmt0301803
IRS990/AccountsReceivableGrp/EOYAmt0392509
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/PhoneNum06109969468
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01000 WEST VALLEY ROAD P O BOX 966
IRS990/BooksInCareOfDetail/USAddress/CityNm0SOUTHEASTERN
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0PA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd019399
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt01790669
IRS990/CashNonInterestBearingGrp/EOYAmt01860958
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/CompensationAmt0500672
IRS990/ContractorCompensationGrp/CompensationAmt1248012
IRS990/ContractorCompensationGrp/CompensationAmt2347783
IRS990/ContractorCompensationGrp/CompensationAmt3115566
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt0580 WENDAL ROAD
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt1P O BOX 646
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt2P O BOX 266767
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt3115 PHEASANT RUN
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0IRWIN
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm1EXTON
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/ZIPCd119341
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd219027
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd318940
IRS990/ContractorCompensationGrp/ContractorName/PersonNm0NUTRITION GROUP
IRS990/ContractorCompensationGrp/ContractorName/PersonNm1ENERGY MANAGMENT SERVICES
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/CYContributionsGrantsAmt01811401
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt04724191
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt014264160
IRS990/CYRevenuesLessExpensesAmt0345096
IRS990/CYSalariesCompEmpBnftPaidAmt011006274
IRS990/CYTotalExpensesAmt015730465
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt016075561
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt0193532
IRS990/DeferredRevenueGrp/EOYAmt0320024
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ProgramServicesAmt01075014
IRS990/DepreciationDepletionGrp/TotalAmt01075014
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/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt015218903
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditPerformedInd0true
IRS990/FederalGrantAuditRequiredInd0true
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt025000
IRS990/FeesForServicesAccountingGrp/TotalAmt025000
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt0116760
IRS990/FeesForServicesLegalGrp/TotalAmt0116760
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt0115566
IRS990/FeesForServicesManagementGrp/TotalAmt0115566
IRS990/FeesForServicesOtherGrp/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
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/ReportableCompFromOrgAmt3238628
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt4169373
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt5130874
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt6123968
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/GovernmentGrantsAmt01811401
IRS990/GrantAmt01811401
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt016075561
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt011
IRS990/IndivRcvdGreaterThan100KCnt04
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt083100
IRS990/InformationTechnologyGrp/ProgramServicesAmt0229330
IRS990/InformationTechnologyGrp/TotalAmt0312430
IRS990/InsuranceGrp/ProgramServicesAmt0192954
IRS990/InsuranceGrp/TotalAmt0192954
IRS990/IntangibleAssetsGrp/BOYAmt0853336
IRS990/IntangibleAssetsGrp/EOYAmt0679415
IRS990/InterestGrp/ProgramServicesAmt0524859
IRS990/InterestGrp/TotalAmt0524859
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt020
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt08891250
IRS990/LandBldgEquipBasisNetGrp/BOYAmt030759693
IRS990/LandBldgEquipBasisNetGrp/EOYAmt031288719
IRS990/LandBldgEquipCostOrOtherBssAmt040179969
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/BOYAmt017269777
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt016626320
IRS990/NetAssetsOrFundBalancesBOYAmt0-1596112
IRS990/NetAssetsOrFundBalancesEOYAmt0-2207016
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt0899934
IRS990/OccupancyGrp/TotalAmt0899934
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt045779
IRS990/OfficeExpensesGrp/TotalAmt045779
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt06804455
IRS990/OtherAssetsTotalGrp/EOYAmt05170710
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt031239
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt01484941
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01516180
IRS990/OtherExpensesGrp/Desc0STUDENT ACTIVITES
IRS990/OtherExpensesGrp/Desc1FOOD SERVICE
IRS990/OtherExpensesGrp/Desc2EDUCATIONAL SUPPLIES SERVICES
IRS990/OtherExpensesGrp/Desc3SPECIAL EDUCATION
IRS990/OtherExpensesGrp/ProgramServicesAmt0565552
IRS990/OtherExpensesGrp/ProgramServicesAmt1523070
IRS990/OtherExpensesGrp/ProgramServicesAmt2259434
IRS990/OtherExpensesGrp/ProgramServicesAmt367839
IRS990/OtherExpensesGrp/TotalAmt0565552
IRS990/OtherExpensesGrp/TotalAmt1523070
IRS990/OtherExpensesGrp/TotalAmt2259434
IRS990/OtherExpensesGrp/TotalAmt367839
IRS990/OtherLiabilitiesGrp/BOYAmt023463000
IRS990/OtherLiabilitiesGrp/EOYAmt023679000
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0141996
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt06543221
IRS990/OtherSalariesAndWagesGrp/TotalAmt06685217
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt011370
IRS990/PayrollTaxesGrp/ProgramServicesAmt0534196
IRS990/PayrollTaxesGrp/TotalAmt0545566
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt057512
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt02201799
IRS990/PensionPlanContributionsGrp/TotalAmt02259311
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0270495
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0247118
IRS990/PrincipalOfficerNm0JOSEPH VENDITTI
IRS990/PriorPeriodAdjustmentsAmt0-956000
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM SERVICE REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt014264160
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt014264160
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt01638159
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt04344147
IRS990/PYProgramServiceRevenueAmt013354949
IRS990/PYRevenuesLessExpensesAmt0-847743
IRS990/PYSalariesCompEmpBnftPaidAmt011496704
IRS990/PYTotalExpensesAmt015840851
IRS990/PYTotalRevenueAmt014993108
IRS990/ReconcilationRevenueExpnssAmt0345096
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt014264160
IRS990/RoyaltiesGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt031288719
IRS990ScheduleD/BuildingsGrp/DepreciationAmt010321370
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt040179969
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt05170710
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEFERRED OUTFLOWS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt020891000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11926000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2862000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1NET PENSION LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2DWFERRED INFLOWS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3NET OTHER POST RETIREMENT LIABILTY
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/TotalBookValueLandBuildingsAmt031288719
IRS990ScheduleD/TotalBookValueOtherAssetsAmt05170710
IRS990ScheduleD/TotalLiabilityAmt023679000
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0238628
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1169373
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt078747
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt155893
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt052498
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt137262
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JOSEPH VENDITTI
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1PATRICK FIELD
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1CHIEF ACAD. OFFICER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0369873
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1262528
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SubstantiationRequiredInd0true
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Schools CEO reviews the form 990 before it is filed.
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/TotalAssetsBOYAmt040780451
IRS990/TotalAssetsEOYAmt039639429
IRS990/TotalAssetsGrp/BOYAmt040780451
IRS990/TotalAssetsGrp/EOYAmt039639429
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalContributionsAmt01811401
IRS990/TotalEmployeeCnt0141
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0511562
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt015218903
IRS990/TotalFunctionalExpensesGrp/TotalAmt015730465
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt042376563
IRS990/TotalLiabilitiesEOYAmt041846445
IRS990/TotalLiabilitiesGrp/BOYAmt042376563
IRS990/TotalLiabilitiesGrp/EOYAmt041846445
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-1596112
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-2207016
IRS990/TotalProgramServiceExpensesAmt015218903
IRS990/TotalProgramServiceRevenueAmt014264160
IRS990/TotalReportableCompFromOrgAmt0662843
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt014264160
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt016075561
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt040780451
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt039639429
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-1596112
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-2207016
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/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Joseph Venditti
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-11-27
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/AtSubmissionCreationDeviceId0AF5679F1B65DBA61730EA73EBCF04FCFEF0A32D5
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0AF5679F1B65DBA61730EA73EBCF04FCFEF0A32D5
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt071.230.243.47

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
$39,639,429
Liabilities
$41,846,445
Net assets
-$2,207,016
Revenue
$16,075,561
Expenses
$15,730,465
Net income
$345,096
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
2018Detailed filing. Detailed filing data is available for this year.$39.6$41.8$2.21$16.1$15.7$0.35
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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