Civic Intelligence

Franklin Towne Charter Elementary School

990 • Fiscal year 2017 • EIN 26-4634765

Jul 01, 2016 to Jun 30, 2017 • Filed on Dec 11, 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

1.28x

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

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

85th percentile

1.50x

Higher debt load relative to revenue than 85% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Net Margin

21st percentile

-5.4%

Higher net margin than 21% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2017

Asset Growth

66th percentile

9.5%

Faster asset growth than 66% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

54th percentile

6.1%

Faster revenue growth than 54% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets97th percentile

Assets

Up

$12,672,797

Up $1,097,241 (+9.5%) from 2016

Net Assets

Down

-$3,513,738

Down $587,438 (-20%) from 2016

Liabilities

Up

$16,186,535

Up $1,684,679 (+12%) from 2016

Revenue And Expenses
Liabilities / Revenue85th percentileNet Margin21st percentile

Revenue

Up

$10,814,697

Up $623,678 (+6.1%) from 2016

Expenses

Up

$11,402,135

Up $1,306,067 (+13%) from 2016

Net Income

Down

-$587,438

Down $682,389 (-719%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth66th percentile

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

2017

Assets$12,672,797
Liabilities$16,186,535
Net Assets-$3,513,738
Open 2017 Filing

Operations Trend

Revenue Growth54th percentile

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

2017

Revenue$10,814,697
Expenses$11,402,135
Net Income-$587,438
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Dec 11, 2017
Return Version
2016v3.0
Gross Receipts
$10,814,697
Mission and Program Overview

Mission

Basic elementary school education for students.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$5,102,267$3,718,514▼ $1,383,753
Land, Buildings, and Equipment, Net$2,731,147$2,469,868▼ $261,279
Accounts Receivable$232,432$267,558▲ $35,126
Prepaid Expenses and Deferred Charges$189,195$239,717▲ $50,522
Total Assets$11,575,556$12,672,797▲ $1,097,241
Other Assets Total$3,320,515$5,977,140▲ $2,656,625
Liabilities
Other Liabilities$13,324,252$14,641,000▲ $1,316,748
Accounts Payable and Accrued Expenses$1,060,644$1,384,880▲ $324,236
Deferred Revenue$116,960$160,655▲ $43,695
Total Liabilities$14,501,856$16,186,535▲ $1,684,679
Net Assets / Fund Balance
Unrestricted Net Assets$-2,926,300$-3,513,738▼ $587,438
Total Net Assets Fund Balance$-2,926,300$-3,513,738▼ $587,438
Total Liabilities and Net Assets / Fund Balance$11,575,556$12,672,797▲ $1,097,241

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,469,868$1,843,671$4,213,671
Other Assets Org$3,028,382--
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
Franklin Towne Charter High SchoolTech. Support5301 TACONY STREET BOX 310, Philadelphia, PA 19137$538,784
Nutrition GroupFood Service580 WENDAL ROAD, Irwin, PA 15642$332,759
Bayda NursesHealth CareP O BOX 536446, Pittsburg, PA 15253$106,533
Omnivest Managment LLCManagement Services115 PHEASANT RUN SUITE 210, Newtown, PA 18940$102,801
Revenue and Support

Revenue Composition

Contributions and Grants
$1,188,680
Program Service Revenue
$9,626,017
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-587,438

Audited Revenue Reconciliation

Revenue per Audited Statements
$10,814,697
Total Revenue per Audited Statements
$10,814,697
Total Revenue per Form 990
$10,814,697
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$7,746,944
Other Expenses$3,655,191
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,117,162$190,016-$4,307,178
Pension Plan Contributions$2,009,892$93,108-$2,103,000
Occupancy$1,268,034--$1,268,034
Other Employee Benefits$925,200$41,803-$967,003
Other Expenses$846,212--$846,212
Payroll Taxes$353,612$16,151-$369,763
Depreciation Depletion$237,958--$237,958
Information Technology$181,156$50,569-$231,725
Fees for Services Legal$125,476--$125,476
Office Expenses$68,509$35,975-$104,484
Fees for Services Management-$102,801-$102,801
Insurance$85,014--$85,014
Fees for Services Accounting-$20,000-$20,000
Interest$4,511--$4,511
Total Functional Expenses$10,851,712$550,423$0$11,402,135

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$11,402,135
Total Expenses per Audited Statements$11,402,135
Total Expenses per Form 990$11,402,135
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$14,520,000
Due to Related Entity$121,000
Net Pension Liability-
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 schools ceo reviews the formm 990 before submission.”

Form 990, Part VI, Section C, Line 19

“The schools governing documents are made available for public inspection 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
2017-12-11
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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IRS990ScheduleD/BuildingsGrp/DepreciationAmt01843671
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04213671
IRS990ScheduleD/ExpensesSubtotalAmt011402135
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt02948758
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt13028382
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEFERRED OUTFLOWS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DUE FROM RELATED ENTITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt014520000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1121000
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/RevenueSubtotalAmt010814697
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02469868
IRS990ScheduleD/TotalBookValueOtherAssetsAmt05977140
IRS990ScheduleD/TotalExpensesPerForm990Amt011402135
IRS990ScheduleD/TotalLiabilityAmt014641000
IRS990ScheduleD/TotalRevenuePerForm990Amt010814697
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt010814697
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt011402135
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
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE SCHOOLS CEO REVIEWS THE FORMM 990 BEFORE SUBMISSION.
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 C, Line 19
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt011575556
IRS990/TotalAssetsEOYAmt012672797
IRS990/TotalAssetsGrp/BOYAmt011575556
IRS990/TotalAssetsGrp/EOYAmt012672797
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01188680
IRS990/TotalEmployeeCnt053
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0550423
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt010851712
IRS990/TotalFunctionalExpensesGrp/TotalAmt011402135
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt014501856
IRS990/TotalLiabilitiesEOYAmt016186535
IRS990/TotalLiabilitiesGrp/BOYAmt014501856
IRS990/TotalLiabilitiesGrp/EOYAmt016186535
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-2926300
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-3513738
IRS990/TotalProgramServiceExpensesAmt010851712
IRS990/TotalProgramServiceRevenueAmt09626017
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt09626017
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt010814697
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt011575556
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt012672797
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-2926300
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-3513738
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/SignatureDt02017-12-11
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/FilingSecurityInformation/AtSubmissionCreationDeviceId0439ACBB500D0096EFD077BCF74A523C66A5DDF52
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0439ACBB500D0096EFD077BCF74A523C66A5DDF52
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt074.95.173.253
ReturnHeader/FilingSecurityInformation/IPDt02017-12-08
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ES
ReturnHeader/FilingSecurityInformation/IPTm017:02:05
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/PreparationDt02017-12-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Anthony J Kubicek
ReturnHeader/ReturnTs02017-12-11T04:13:17-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-07-01
ReturnHeader/TaxPeriodEndDt02017-06-30
ReturnHeader/TaxYr02016

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$12,672,797
Liabilities
$16,186,535
Net assets
-$3,513,738
Revenue
$10,814,697
Expenses
$11,402,135
Net income
-$587,438
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