Civic Intelligence

Franklin Towne Charter Elementary School

990 • Fiscal year 2021 • EIN 26-4634765

Jul 01, 2020 to Jun 30, 2021 • Filed on Jan 14, 2022

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

86th percentile

0.74x

Higher debt load relative to assets than 86% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Liabilities / Revenue

81st percentile

1.00x

Higher debt load relative to revenue than 81% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Net Margin

69th percentile

24%

Higher net margin than 69% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Top Officer Pay

30th percentile

$120,759

Higher top officer pay than 30% of similar nonprofits.

Top officer pay equals 0.8% of source-year revenue.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Asset Growth

75th percentile

23%

Faster asset growth than 75% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Revenue Growth

42nd percentile

7.1%

Faster revenue growth than 42% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Assets

Up

$20,500,235

Up $3,831,151 (+23%) from 2020

Net Assets

Up

$5,320,503

Up $3,683,218 (+225%) from 2020

Liabilities

Up

$15,179,732

Up $147,933 (+1.0%) from 2020

Revenue

Up

$15,172,812

Up $1,000,174 (+7.1%) from 2020

Expenses

Down

$11,489,594

Down $96,971 (-0.8%) from 2020

Net Income

Up

$3,683,218

Up $1,097,145 (+42%) from 2020

Historical Trend

Balance Sheet Trend

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

2021

Assets$20,500,235
Liabilities$15,179,732
Net Assets$5,320,503

Operations Trend

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

2021

Revenue$15,172,812
Expenses$11,489,594
Net Income$3,683,218
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Jan 14, 2022
Return Version
2020v4.1
Gross Receipts
$15,172,812
Mission and Program Overview

Mission

Basic elementary school education for students.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,130,643$8,903,315▲ $4,772,672
Cash and Non-Interest-Bearing Accounts$8,604,746$7,476,397▼ $1,128,349
Accounts Receivable$523,837$381,273▼ $142,564
Prepaid Expenses and Deferred Charges$300,394$346,786▲ $46,392
Total Assets$16,669,084$20,500,235▲ $3,831,151
Other Assets Total$3,109,464$3,392,464▲ $283,000
Liabilities
Other Liabilities$13,330,055$13,609,530▲ $279,475
Accounts Payable and Accrued Expenses$1,688,618$1,460,028▼ $228,590
Deferred Revenue$13,126$110,174▲ $97,048
Total Liabilities$15,031,799$15,179,732▲ $147,933
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,637,285$5,320,503▲ $3,683,218
Total Net Assets Fund Balance$1,637,285$5,320,503▲ $3,683,218
Total Liabilities and Net Assets / Fund Balance$16,669,084$20,500,235▲ $3,831,151

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$8,903,315$3,088,714$11,992,029
Other Assets Org$2,904,464--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Megan WalshChief Bus OfficerFT$120,759$120,759

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-
Nutrition GroupFood Service580 WENDAL ROAD, Irwin, PA 15642-
Omnivest Managment LLCManagement Services115 PHEASANT RUN SUITE 210, Newtown, PA 18940-
Revenue and Support

Revenue Composition

Contributions and Grants
$1,799,623
Program Service Revenue
$13,363,227
Investment Income
$9,962
Other Revenue
$0
All Other Contributions
$1,799,623
Change in Net Assets
$3,683,218
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$7,922,127
Other Expenses$3,567,467
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,944,567$208,433-$5,153,000
Other Employee Benefits$1,446,396$299,135-$1,745,531
Occupancy$1,071,058--$1,071,058
Pension Plan Contributions$888,309$61,273-$949,582
Fees for Services Management-$829,068-$829,068
Other Expenses$542,378--$542,378
Depreciation Depletion$344,695--$344,695
Insurance$96,374--$96,374
Fees for Services Legal-$84,222-$84,222
Payroll Taxes$38,837$35,177-$74,014
Office Expenses-$45,679-$45,679
Fees for Services Accounting-$25,000-$25,000
Total Functional Expenses$9,901,607$1,587,987$0$11,489,594
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$9,996,000
Net Pension Liability$3,172,530
Deferred Inflows$441,000
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 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
2022-01-14
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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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3NET OTHER POST RETIREMENT BENFITS LIABILITY
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Schools governing documents are made available for public inspection upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 19
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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/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-03-31 18:45:55Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JOSEPH VENDITTI CEO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-01-14
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/PreparationDt02022-01-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Anthony J Kubicek
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02022-01-14T04:09:26-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JOSEPH
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0VENDITTI
ReturnHeader/TaxPeriodBeginDt02020-07-01
ReturnHeader/TaxPeriodEndDt02021-06-30
ReturnHeader/TaxYr02020

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