Civic Intelligence

Franklin Towne Charter Elementary School

990 • Fiscal year 2016 • EIN 26-4634765

Jul 01, 2015 to Jun 30, 2016 • Filed on Jan 16, 2017

Organization Profilewww.es.franklintowne.org
4259 Richmond StreetPhiladelphia, PA 19137

(215) 289-3389

Siviq Scores

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

Liabilities / Assets

97th percentile

1.25x

Higher debt load relative to assets than 97% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

84th percentile

1.42x

Higher debt load relative to revenue than 84% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Net Margin

43rd percentile

0.9%

Higher net margin than 43% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2016

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2016

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2016

Balance Sheet
Liabilities / Assets97th percentile

Assets

$11,575,556

No earlier filing loaded for comparison.

Net Assets

-$2,926,300

No earlier filing loaded for comparison.

Liabilities

$14,501,856

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue84th percentileNet Margin43rd percentile

Revenue

$10,191,019

No earlier filing loaded for comparison.

Expenses

$10,096,068

No earlier filing loaded for comparison.

Net Income

$94,951

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$40M$30M$20M$10M$0-$10MAssets 2016: $11,575,556Liabilities 2016: $14,501,856Net Assets 2016: -$2,926,3002016Assets 2017: $12,672,797Liabilities 2017: $16,186,535Net Assets 2017: -$3,513,7382017Assets 2018: $13,253,890Liabilities 2018: $16,434,370Net Assets 2018: -$3,180,4802018Assets 2019: $14,535,003Liabilities 2019: $15,483,791Net Assets 2019: -$948,7882019Assets 2020: $16,669,084Liabilities 2020: $15,031,799Net Assets 2020: $1,637,2852020Assets 2021: $20,500,235Liabilities 2021: $15,179,732Net Assets 2021: $5,320,5032021Assets 2022: $25,741,491Liabilities 2022: $15,549,929Net Assets 2022: $10,191,5622022Assets 2023: $27,464,053Liabilities 2023: $11,047,242Net Assets 2023: $16,416,8112023Assets 2024: $32,739,786Liabilities 2024: $10,685,811Net Assets 2024: $22,053,9752024

Highlighted filing

2016

Assets$11,575,556
Liabilities$14,501,856
Net Assets-$2,926,300
Open 2016 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$30M$20M$10M$0-$10MRevenue 2016: $10,191,019Expenses 2016: $10,096,068Net Income 2016: $94,9512016Revenue 2017: $10,814,697Expenses 2017: $11,402,135Net Income 2017: -$587,4382017Revenue 2018: $11,931,631Expenses 2018: $10,992,373Net Income 2018: $939,2582018Revenue 2019: $13,540,527Expenses 2019: $11,308,835Net Income 2019: $2,231,6922019Revenue 2020: $14,172,638Expenses 2020: $11,586,565Net Income 2020: $2,586,0732020Revenue 2021: $15,172,812Expenses 2021: $11,489,594Net Income 2021: $3,683,2182021Revenue 2022: $18,287,272Expenses 2022: $13,416,213Net Income 2022: $4,871,0592022Revenue 2023: $18,471,849Expenses 2023: $9,342,136Net Income 2023: $9,129,7132023Revenue 2024: $21,129,606Expenses 2024: $15,492,442Net Income 2024: $5,637,1642024

Highlighted filing

2016

Revenue$10,191,019
Expenses$10,096,068
Net Income$94,951
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Jan 16, 2017
Return Version
2015v3.0
Gross Receipts
$10,191,019
Mission and Program Overview

Mission

Basic elementary school education for students.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$4,496,711$5,102,267▲ $605,556
Land, Buildings, and Equipment, Net$2,260,126$2,731,147▲ $471,021
Accounts Receivable$1,563,049$1,473,910▼ $89,139
Pledges and Grants Receivable$116,172$232,432▲ $116,260
Prepaid Expenses and Deferred Charges$144,512$189,195▲ $44,683
Total Assets$8,580,570$11,575,556▲ $2,994,986
Other Assets Total-$1,846,605-
Liabilities
Other Liabilities$924,211$13,324,252▲ $12,400,041
Accounts Payable and Accrued Expenses$1,054,080$1,060,644▲ $6,564
Deferred Revenue$29,530$116,960▲ $87,430
Total Liabilities$2,007,821$14,501,856▲ $12,494,035
Net Assets / Fund Balance
Unrestricted Net Assets$6,572,749$-2,926,300▼ $9,499,049
Total Net Assets Fund Balance$6,572,749$-2,926,300▼ $9,499,049
Total Liabilities and Net Assets / Fund Balance$8,580,570$11,575,556▲ $2,994,986

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,731,147$1,382,656$4,113,803
Other Assets Org$1,846,605--
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Cynthia MareliaPresident
Michele KrajewskiVice President
Joseph a GarbarianoSecretary/tres

Highest Paid Contractors

ContractorServicesLocationCompensation
Nutrition GroupFood Service580 WENDAL ROAD, Irwin, PA 15642$323,110
Franklin Towne Charter High SchoolTech. Support5301 TACONY STREET BOX 310, Philadelphia, PA 19137$283,596
Bayda NursesHealth CareP O BOX 536446, Pittsburg, PA 15253$107,334
Omnivest Managment LLCManagement Services115 PHEASANT RUN SUITE 210, Newtown, PA 18940$100,786
Revenue and Support

Revenue Composition

Contributions and Grants
$1,061,996
Program Service Revenue
$9,129,023
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$94,951

Audited Revenue Reconciliation

Revenue per Audited Statements
$10,191,019
Total Revenue per Audited Statements
$10,191,019
Total Revenue per Form 990
$10,191,019
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$6,951,304
Other Expenses$3,144,764
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,821,264$239,564-$4,060,828
Pension Plan Contributions$1,567,398$103,602-$1,671,000
Occupancy$1,359,785--$1,359,785
Other Employee Benefits$777,671$86,407-$864,078
Other Expenses$687,029--$687,029
Payroll Taxes$335,487$19,911-$355,398
Depreciation Depletion$156,000--$0
Information Technology$92,799$38,219-$131,018
Fees for Services Management-$100,785-$100,785
Insurance$87,786--$87,786
Office Expenses$31,080$40,826-$71,906
Interest$59,912--$59,912
Fees for Services Legal$45,620--$45,620
Fees for Services Accounting-$20,000-$20,000
Total Functional Expenses$9,602,754$649,314$0$10,096,068

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$10,096,068
Total Expenses per Audited Statements$10,096,068
Total Expenses per Form 990$10,096,068
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
Due to Related Entity$12,474,000
Federal income taxes$773,252
Net Pension Liability$77,000
Deferred Inflows-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
No
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 organizations ceo reviews the the form 990 before submission.”

Form 990, Part VI, Section C, Line 19

“The organizations governing docments are made available upon request.”

Filing and Contact Details

Filer

Filer Name
Franklin Towne Charter Elementary
EIN
26-4634765
Phone
2152893389
Address
4259 RICHMOND STREET, PHILADELPHIA, PA 19137
Doing Business As
School

Signing Officer

Name
Joseph Venditti CEO
Title
CEO
Signed
2017-01-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joseph Venditti CEO
Formed
2009
Legal Domicile
Pa
Voting Board Members
11
Independent Board Members
11
Employees
53

Preparer

Firm
Anthony J Kubicek CPA
Address
1240 WEST CHESTER PIKE SUITE 210, WEST CHESTER, PA 19382
Preparer
Anthony J Kubicek
Phone
6104307826
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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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IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt02731147
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01382656
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04113803
IRS990ScheduleD/ExpensesSubtotalAmt010096068
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01846605
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEFERRED OUTFLOWS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0773252
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt112474000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt277000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO RELATED ENTITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2NET PENSION LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3DEFERRED INFLOWS
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/RevenueSubtotalAmt010191019
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02731147
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01846605
IRS990ScheduleD/TotalExpensesPerForm990Amt010096068
IRS990ScheduleD/TotalLiabilityAmt013324252
IRS990ScheduleD/TotalRevenuePerForm990Amt010191019
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt010191019
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt010096068
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0false
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL RECEIVES VARIOUS FEDERAL AND STATE GRANTS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc06a
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATIONS CEO REVIEWS THE THE FORM 990 BEFORE SUBMISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATIONS GOVERNING DOCMENTS ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt08580570
IRS990/TotalAssetsEOYAmt011575556
IRS990/TotalAssetsGrp/BOYAmt08580570
IRS990/TotalAssetsGrp/EOYAmt011575556
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01061996
IRS990/TotalEmployeeCnt053
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0649314
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt09602754
IRS990/TotalFunctionalExpensesGrp/TotalAmt010096068
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02007821
IRS990/TotalLiabilitiesEOYAmt014501856
IRS990/TotalLiabilitiesGrp/BOYAmt02007821
IRS990/TotalLiabilitiesGrp/EOYAmt014501856
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt06572749
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-2926300
IRS990/TotalProgramServiceExpensesAmt09602754
IRS990/TotalProgramServiceRevenueAmt09129023
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt09129023
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt010191019
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt08580570
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt011575556
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt06572749
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-2926300
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt04259 RICHMOND STREET
IRS990/USAddress/CityNm0PHILADELPHIA
IRS990/USAddress/StateAbbreviationCd0PA
IRS990/USAddress/ZIPCd019137
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt011
IRS990/WebsiteAddressTxt0www.es.franklintowne.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JOSEPH VENDITTI CEO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-01-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FRANKLIN TOWNE CHARTER ELEMENTARY
ReturnHeader/Filer/BusinessNameControlTxt0FRAN
ReturnHeader/Filer/EIN0264634765
ReturnHeader/Filer/PhoneNum02152893389
ReturnHeader/Filer/USAddress/AddressLine1Txt04259 RICHMOND STREET
ReturnHeader/Filer/USAddress/CityNm0PHILADELPHIA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0PA
ReturnHeader/Filer/USAddress/ZIPCd019137
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ANTHONY J KUBICEK CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01240 WEST CHESTER PIKE SUITE 210
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WEST CHESTER
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd019382
ReturnHeader/PreparerPersonGrp/PhoneNum06104307826
ReturnHeader/PreparerPersonGrp/PreparationDt02017-01-16
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Anthony J Kubicek
ReturnHeader/ReturnTs02017-01-16T02:32:28-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30
ReturnHeader/TaxYr02015

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$11,575,556
Liabilities
$14,501,856
Net assets
-$2,926,300
Revenue
$10,191,019
Expenses
$10,096,068
Net income
$94,951
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$32.7$10.7$22.1$21.1$15.5$5.64
2023Detailed filing. Detailed filing data is available for this year.$27.5$11.0$16.4$18.5$9.34$9.13
2022Detailed filing. Detailed filing data is available for this year.$25.7$15.5$10.2$18.3$13.4$4.87
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.5$15.2$5.32$15.2$11.5$3.68
2020Detailed filing. Detailed filing data is available for this year.$16.7$15.0$1.64$14.2$11.6$2.59
2019Detailed filing. Detailed filing data is available for this year.$14.5$15.5$0.95$13.5$11.3$2.23
2018Detailed filing. Detailed filing data is available for this year.$13.3$16.4$3.18$11.9$11.0$0.94
2017Detailed filing. Detailed filing data is available for this year.$12.7$16.2$3.51$10.8$11.4$0.59
2016Detailed filing. Detailed filing data is available for this year.$11.6$14.5$2.93$10.2$10.1$0.09