Civic Intelligence

Franklin Towne Charter Elementary School

990 • Fiscal year 2019 • EIN 26-4634765

Jul 01, 2018 to Jun 30, 2019 • Filed on Feb 05, 2020

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

94th percentile

1.07x

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

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Liabilities / Revenue

82nd percentile

1.14x

Higher debt load relative to revenue than 82% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Net Margin

76th percentile

16%

Higher net margin than 76% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Top Officer Pay

30th percentile

$125,000

Higher top officer pay than 30% of similar nonprofits.

Top officer pay equals 0.9% of source-year revenue.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Asset Growth

68th percentile

9.7%

Faster asset growth than 68% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Revenue Growth

72nd percentile

13%

Faster revenue growth than 72% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets94th percentile

Assets

Up

$14,535,003

Up $1,281,113 (+9.7%) from 2018

Net Assets

Up

-$948,788

Up $2,231,692 (+70%) from 2018

Liabilities

Down

$15,483,791

Down $950,579 (-5.8%) from 2018

Revenue And Expenses
Liabilities / Revenue82nd percentileNet Margin76th percentile

Revenue

Up

$13,540,527

Up $1,608,896 (+13%) from 2018

Expenses

Up

$11,308,835

Up $316,462 (+2.9%) from 2018

Net Income

Up

$2,231,692

Up $1,292,434 (+138%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth68th 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

2019

Assets$14,535,003
Liabilities$15,483,791
Net Assets-$948,788
Open 2019 Filing

Operations Trend

Revenue Growth72nd 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

2019

Revenue$13,540,527
Expenses$11,308,835
Net Income$2,231,692
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Feb 5, 2020
Return Version
2018v3.1
Gross Receipts
$13,540,527
Mission and Program Overview

Mission

Basic elementary school education for students.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$4,927,484$6,499,323▲ $1,571,839
Land, Buildings, and Equipment, Net$3,030,572$3,792,906▲ $762,334
Accounts Receivable$328,027$367,803▲ $39,776
Prepaid Expenses and Deferred Charges$225,564$235,574▲ $10,010
Total Assets$13,253,890$14,535,003▲ $1,281,113
Other Assets Total$4,742,243$3,639,397▼ $1,102,846
Liabilities
Other Liabilities$14,724,000$13,765,000▼ $959,000
Accounts Payable and Accrued Expenses$1,466,143$1,690,788▲ $224,645
Deferred Revenue$244,227$28,003▼ $216,224
Total Liabilities$16,434,370$15,483,791▼ $950,579
Net Assets / Fund Balance
Unrestricted Net Assets$-3,180,480$-948,788▲ $2,231,692
Total Net Assets Fund Balance$-3,180,480$-948,788▲ $2,231,692
Total Liabilities and Net Assets / Fund Balance$13,253,890$14,535,003▲ $1,281,113

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,792,906$2,436,463$6,229,369
Other Assets Org$2,904,464--
Compensation and Service Providers
Top Officer Pay30th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Megan WalshChief Bus OfficerFT$125,000$125,000

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$420,640
Nutrition GroupFood Service580 WENDAL ROAD, Irwin, PA 15642$352,802
Bayda NursesHealth CareP O BOX 536446, Pittsburg, PA 15253$109,640
Omnivest Managment LLCManagement Services115 PHEASANT RUN SUITE 210, Newtown, PA 18940$109,062
Revenue and Support

Revenue Composition

Contributions and Grants
$1,476,075
Program Service Revenue
$12,064,452
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$2,231,692
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$7,365,095
Other Expenses$3,943,740
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,553,754$206,352-$4,760,106
Occupancy$1,340,971--$1,340,971
Other Employee Benefits$1,118,351$51,588-$1,169,939
Pension Plan Contributions$1,017,666$43,334-$1,061,000
Payments to Affiliates$420,640--$420,640
Depreciation Depletion$418,852--$418,852
Payroll Taxes$357,542$16,508-$374,050
Other Expenses$281,000--$281,000
Information Technology$183,164$38,151-$221,315
Fees for Services Other$109,640--$109,640
Fees for Services Management-$109,062-$109,062
Office Expenses$70,343$32,758-$103,101
Insurance$100,059--$100,059
Fees for Services Legal$94,244--$94,244
Fees for Services Accounting-$25,000-$25,000
Total Functional Expenses$10,786,082$522,753$0$11,308,835
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$10,993,000
Net Pension Liability$2,295,000
Deferred Inflows$477,000
Net Other Post Retirement Benfits Liability-
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 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
2020-02-05
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
1000 West Valley Road P O Box 966, Southeastern, PA 19399
Preparer
Anthony J Kubicek
Phone
6109969468
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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/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt03792906
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02436463
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt06229369
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0734933
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt12904464
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IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DUE FROM RELATED ENTITY
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt12295000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2477000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1NET PENSION LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2DEFERRED INFLOWS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3NET OTHER POST RETIREMENT BENFITS LIABILITY
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03792906
IRS990ScheduleD/TotalBookValueOtherAssetsAmt03639397
IRS990ScheduleD/TotalLiabilityAmt013765000
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Schools governing documents are made available for public inspection upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
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IRS990/TotalAssetsGrp/EOYAmt014535003
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IRS990/TotalContributionsAmt01476075
IRS990/TotalEmployeeCnt053
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0522753
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt010786082
IRS990/TotalFunctionalExpensesGrp/TotalAmt011308835
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt016434370
IRS990/TotalLiabilitiesEOYAmt015483791
IRS990/TotalLiabilitiesGrp/BOYAmt016434370
IRS990/TotalLiabilitiesGrp/EOYAmt015483791
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-3180480
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-948788
IRS990/TotalProgramServiceExpensesAmt010786082
IRS990/TotalProgramServiceRevenueAmt012064452
IRS990/TotalReportableCompFromOrgAmt0125000
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt013540527
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt014535003
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-3180480
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-948788
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/BuildTS02020-09-23 17:36:50Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JOSEPH VENDITTI CEO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-02-05
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/AtSubmissionCreationDeviceId0BBB9B5A0DE95C44647A25A45ABB9177ED682ADEC
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0BBB9B5A0DE95C44647A25A45ABB9177ED682ADEC
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt071.230.243.47
ReturnHeader/FilingSecurityInformation/IPDt02020-02-04
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ES
ReturnHeader/FilingSecurityInformation/IPTm014:55:56
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Anthony J Kubicek CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01000 West Valley Road P O Box 966
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Southeastern
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd019399
ReturnHeader/PreparerPersonGrp/PhoneNum06109969468
ReturnHeader/PreparerPersonGrp/PreparationDt02020-02-05
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Anthony J Kubicek
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02020-02-05T09:23:07-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-07-01
ReturnHeader/TaxPeriodEndDt02019-06-30
ReturnHeader/TaxYr02018

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$14,535,003
Liabilities
$15,483,791
Net assets
-$948,788
Revenue
$13,540,527
Expenses
$11,308,835
Net income
$2,231,692
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
Peer Organizations

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