Civic Intelligence

Franklin Towne Charter Elementary School

990 • Fiscal year 2020 • EIN 26-4634765

Jul 01, 2019 to Jun 30, 2020 • Filed on Jan 12, 2021

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

90th percentile

0.90x

Higher debt load relative to assets than 90% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

79th percentile

1.06x

Higher debt load relative to revenue than 79% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Net Margin

75th percentile

18%

Higher net margin than 75% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

31st percentile

$125,000

Higher top officer pay than 31% of similar nonprofits.

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

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Asset Growth

67th percentile

15%

Faster asset growth than 67% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

55th percentile

4.7%

Faster revenue growth than 55% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets90th percentile

Assets

Up

$16,669,084

Up $2,134,081 (+15%) from 2019

Net Assets

Up

$1,637,285

Up $2,586,073 (+273%) from 2019

Liabilities

Down

$15,031,799

Down $451,992 (-2.9%) from 2019

Revenue And Expenses
Liabilities / Revenue79th percentileNet Margin75th percentile

Revenue

Up

$14,172,638

Up $632,111 (+4.7%) from 2019

Expenses

Up

$11,586,565

Up $277,730 (+2.5%) from 2019

Net Income

Up

$2,586,073

Up $354,381 (+16%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth67th 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

2020

Assets$16,669,084
Liabilities$15,031,799
Net Assets$1,637,285
Open 2020 Filing

Operations Trend

Revenue Growth55th 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

2020

Revenue$14,172,638
Expenses$11,586,565
Net Income$2,586,073
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Jan 12, 2021
Return Version
2019v5.1
Gross Receipts
$14,172,638
Mission and Program Overview

Mission

Basic elementary school education for students.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$6,499,323$8,604,746▲ $2,105,423
Land, Buildings, and Equipment, Net$3,792,906$4,130,643▲ $337,737
Accounts Receivable$367,803$523,837▲ $156,034
Prepaid Expenses and Deferred Charges$235,574$300,394▲ $64,820
Total Assets$14,535,003$16,669,084▲ $2,134,081
Other Assets Total$3,639,397$3,109,464▼ $529,933
Liabilities
Other Liabilities$13,765,000$13,330,055▼ $434,945
Accounts Payable and Accrued Expenses$1,690,788$1,688,618▼ $2,170
Deferred Revenue$28,003$13,126▼ $14,877
Total Liabilities$15,483,791$15,031,799▼ $451,992
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-948,788$1,637,285▲ $2,586,073
Total Net Assets Fund Balance$-948,788$1,637,285▲ $2,586,073
Total Liabilities and Net Assets / Fund Balance$14,535,003$16,669,084▲ $2,134,081

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$4,130,643$2,744,020$6,874,663
Other Assets Org$2,904,464--
Compensation and Service Providers
Top Officer Pay31st 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$695,421
Nutrition GroupFood Service580 WENDAL ROAD, Irwin, PA 15642$271,574
Omnivest Managment LLCManagement Services115 PHEASANT RUN SUITE 210, Newtown, PA 18940$112,334
Revenue and Support

Revenue Composition

Contributions and Grants
$1,677,130
Program Service Revenue
$12,478,795
Investment Income
$16,713
Other Revenue
$0
All Other Contributions
$1,677,130
Change in Net Assets
$2,586,073
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$7,478,496
Other Expenses$4,108,069
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,614,919$203,207-$4,818,126
Occupancy$1,303,404--$1,303,404
Other Employee Benefits$1,136,870$47,370-$1,184,240
Pension Plan Contributions$1,048,133$40,030-$1,088,163
Fees for Services Management-$703,729-$703,729
Other Expenses$654,270--$654,270
Payroll Taxes$372,448$15,519-$387,967
Depreciation Depletion$307,557--$307,557
Fees for Services Legal-$117,301-$117,301
Insurance$102,096--$102,096
Fees for Services Accounting-$25,000-$25,000
Office Expenses-$12,026-$12,026
Total Functional Expenses$10,422,383$1,164,182$0$11,586,565
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$9,544,000
Net Pension Liability$3,352,055
Deferred Inflows$434,000
Net Other Post Retirement Benfits Liability-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
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
2021-01-12
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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IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt12904464
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEFERRED OUTFLOWS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DUE FROM RELATED ENTITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt09544000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt13352055
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2434000
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/TotalBookValueLandBuildingsAmt04130643
IRS990ScheduleD/TotalBookValueOtherAssetsAmt03109464
IRS990ScheduleD/TotalLiabilityAmt013330055
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/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt014535003
IRS990/TotalAssetsEOYAmt016669084
IRS990/TotalAssetsGrp/BOYAmt014535003
IRS990/TotalAssetsGrp/EOYAmt016669084
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01677130
IRS990/TotalEmployeeCnt053
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01164182
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt010422383
IRS990/TotalFunctionalExpensesGrp/TotalAmt011586565
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt015483791
IRS990/TotalLiabilitiesEOYAmt015031799
IRS990/TotalLiabilitiesGrp/BOYAmt015483791
IRS990/TotalLiabilitiesGrp/EOYAmt015031799
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-948788
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01637285
IRS990/TotalProgramServiceExpensesAmt010422383
IRS990/TotalProgramServiceRevenueAmt012478795
IRS990/TotalReportableCompFromOrgAmt0125000
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt012495508
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt014172638
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt014535003
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt016669084
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
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/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JOSEPH VENDITTI CEO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-01-12
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/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/PreparationDt02021-01-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Anthony J Kubicek
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02021-01-12T08:35:24-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-07-01
ReturnHeader/TaxPeriodEndDt02020-06-30
ReturnHeader/TaxYr02019

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$16,669,084
Liabilities
$15,031,799
Net assets
$1,637,285
Revenue
$14,172,638
Expenses
$11,586,565
Net income
$2,586,073
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