Civic Intelligence

Franklin Towne Charter Elementary School

990 • Fiscal year 2023 • EIN 26-4634765

Jul 01, 2022 to Jun 30, 2023 • Filed on May 14, 2024

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

66th percentile

0.40x

Higher debt load relative to assets than 66% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Liabilities / Revenue

67th percentile

0.60x

Higher debt load relative to revenue than 67% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Net Margin

91st percentile

49%

Higher net margin than 91% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Top Officer Pay

43rd percentile

$232,498

Higher top officer pay than 43% of similar nonprofits.

Top officer pay equals 1.3% of source-year revenue.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Asset Growth

51st percentile

6.7%

Faster asset growth than 51% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Revenue Growth

40th percentile

1.0%

Faster revenue growth than 40% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets66th percentile

Assets

Up

$27,464,053

Up $1,722,562 (+6.7%) from 2022

Net Assets

Up

$16,416,811

Up $6,225,249 (+61%) from 2022

Liabilities

Down

$11,047,242

Down $4,502,687 (-29%) from 2022

Revenue And Expenses
Liabilities / Revenue67th percentileNet Margin91st percentile

Revenue

Up

$18,471,849

Up $184,577 (+1.0%) from 2022

Expenses

Down

$9,342,136

Down $4,074,077 (-30%) from 2022

Net Income

Up

$9,129,713

Up $4,258,654 (+87%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth51st 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

2023

Assets$27,464,053
Liabilities$11,047,242
Net Assets$16,416,811
Open 2023 Filing

Operations Trend

Revenue Growth40th 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

2023

Revenue$18,471,849
Expenses$9,342,136
Net Income$9,129,713
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 14, 2024
Return Version
2022v5.0
Gross Receipts
$18,471,849
Mission and Program Overview

Mission

Basic elementary school education for students.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$11,851,600$12,173,968▲ $322,368
Pd in Cap Srpls Land Bldg Eqp Fund$11,851,600$12,173,968▲ $322,368
Cash and Non-Interest-Bearing Accounts$7,354,946$7,287,227▼ $67,719
Savings and Temporary Cash Investments-$4,273,854-
Cap Stk Tr Prin Current Funds$-1,660,038$4,242,843▲ $5,902,881
Accounts Receivable$2,884,136$2,011,188▼ $872,948
Prepaid Expenses and Deferred Charges$320,345$503,340▲ $182,995
Total Assets$25,741,491$27,464,053▲ $1,722,562
Other Assets Total$3,330,464$1,214,476▼ $2,115,988
Liabilities
Other Liabilities$13,486,084$9,304,000▼ $4,182,084
Accounts Payable and Accrued Expenses$1,964,687$1,529,263▼ $435,424
Deferred Revenue$99,158$213,979▲ $114,821
Total Liabilities$15,549,929$11,047,242▼ $4,502,687
Net Assets / Fund Balance
Total Net Assets Fund Balance$10,191,562$16,416,811▲ $6,225,249
Total Liabilities and Net Assets / Fund Balance$25,741,491$27,464,053▲ $1,722,562

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$10,961,969$1,990,849$12,952,818
Equipment$1,132,030$2,131,404$3,263,434
Compensation and Service Providers
Top Officer Pay43rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Megan WalshCFOFT$144,039$88,459$232,498
James RodgersCEOFT$107,500$82,464$189,964

Board Members and Trustees

NameTitle
Joseph a GarbarianoBoard Chair
Michele KrajewskiVice Chair
Eugene McaleerMember
Kari Smith Joined 102023Member
Michael GrassoMember
Thomas Mcdade IiiMember
Thomas ConwaySecretary
Christopher CreelmanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$5,449,794
Program Service Revenue
$12,974,686
Investment Income
$47,369
Other Revenue
$0
Change in Net Assets
$9,129,713

Audited Revenue Reconciliation

Revenue per Audited Statements
$18,471,849
Total Revenue per Audited Statements
$18,471,849
Total Revenue per Form 990
$18,471,849
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,724,319
Other Expenses$4,617,817
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$6,241,148$154,028-$6,395,176
Occupancy$13,784$1,246,392-$1,260,176
Other Employee Benefits$1,112,166$80,511-$1,192,677
Depreciation Depletion$580,546--$580,546
Fees for Services Other$236,234$313,674-$549,908
Current Officers, Directors, Trustees, and Key Employees-$539,639-$539,639
Payroll Taxes$484,316$42,772-$527,088
Information Technology$100,108$154,648-$254,756
Other Expenses$113,670$20,641-$134,311
Insurance$58,522$73,372-$131,894
Fees for Services Management-$126,012-$126,012
All Other Expenses$13,340$53,311-$66,651
Fees for Services Legal$54,986--$54,986
Conferences and Meetings$10,755--$10,755
Pension Plan Contributions$-3,354,984$-575,277-$-3,930,261
Total Functional Expenses$7,074,800$2,267,336$0$9,342,136

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$9,342,136
Total Expenses per Audited Statements$9,342,136
Total Expenses per Form 990$9,342,136
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
Net Pension Liability$7,914,000
Deferred Inflows$890,000
Net Opeb Liability$326,000
Net Other Post Ret Ben Liability$174,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“The 990 is reviewed by the backoffice contracted business service provider and the board prior to filing.”

Form 990, Page 6, Part VI, Line 12C

“The board and management are required to complete a statement of financial interest annually. It is reviewed by the chair and ceo for possible conflicts of interest. Board members who have or may have a conflict of interest refrain from participating the in the discussion and voting matter.”

Form 990, Page 6, Part VI, Line 15A

“The salary of the ceo and of all staff are approved during the annual budgeting process”

Form 990, Page 6, Part VI, Line 15B

“The salary of the ceo and of all staff are approved during the annual budgeting process”

Form 990, Page 6, Part VI, Line 19

“The school's 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

Signing Officer

Name
James Rodgers
Title
CEO
Phone
2152893389
Signed
2024-05-14

Organization Details

Principal Officer
James Rodgers
Formed
2009
Legal Domicile
Pa
Voting Board Members
8
Independent Board Members
8
Employees
142
Volunteers
10

Preparer

Firm
Zelenkofske Axelrod LLC
Address
210 TOLLGATE HILL ROAD, GREENSBURG, PA 15601
Preparer
Jared C Ewing
Phone
7248342151
Supplemental Narrative

Additional Explanations

Form 990, Part X

“In the previous year, net assets were reported as though the organization followed fasb asc 958, and reported on line 27 as net assets without donor restrictions. The organization does not follow fasb 958 and the net assets for the beginning of the year were reclassified to lines 29 and 30 as reported on the prior year audit report.”

Form 990, Part XI, Line 9

“For the year ended june 30, 2022, a receivable was reported for franklin towne charter elementary school from the discretely presented component unit, richmond street community development corporation, in the amount of 2,904,464. This amount was subsequently deemed to be an incorrect posting. Net position as of june 30, 2022 was restated for each organization.”

Raw XML AppendixShowing 400 of 504 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt01964687
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt01529263
IRS990/AccountsReceivableGrp/BOYAmt02884136
IRS990/AccountsReceivableGrp/EOYAmt02011188
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0BASIC ELEMENTARY SCHOOL EDUCATION FOR STUDENTS.
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt053311
IRS990/AllOtherExpensesGrp/ProgramServicesAmt013340
IRS990/AllOtherExpensesGrp/TotalAmt066651
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0OMNIVEST MANAGEMENT INC
IRS990/BooksInCareOfDetail/PhoneNum02154978301
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0115 PHEASANT RUN SUITE 210
IRS990/BooksInCareOfDetail/USAddress/CityNm0NEWTOWN
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0PA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd018940
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt0-1660038
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt04242843
IRS990/CashNonInterestBearingGrp/BOYAmt07354946
IRS990/CashNonInterestBearingGrp/EOYAmt07287227
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt0539639
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0539639
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt010755
IRS990/ConferencesMeetingsGrp/TotalAmt010755
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0true
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt05449794
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt047369
IRS990/CYOtherExpensesAmt04617817
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt012974686
IRS990/CYRevenuesLessExpensesAmt09129713
IRS990/CYSalariesCompEmpBnftPaidAmt04724319
IRS990/CYTotalExpensesAmt09342136
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt018471849
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt099158
IRS990/DeferredRevenueGrp/EOYAmt0213979
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0580546
IRS990/DepreciationDepletionGrp/TotalAmt0580546
IRS990/Desc0FRANKLIN TOWNE CHARTER ELEMENTARY SCHOOL IS AN INDEPENDENT CHARTER SCHOOL WITH THE PRIMARY PURPOSE TO PROVIDE EDUCATION WITH UNIQUE SUPPORT SERVICE TO FACILITATE THIS GOAL.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt0142
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt07074800
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditPerformedInd0true
IRS990/FederalGrantAuditRequiredInd0true
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt054986
IRS990/FeesForServicesLegalGrp/TotalAmt054986
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt0126012
IRS990/FeesForServicesManagementGrp/TotalAmt0126012
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt0313674
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0236234
IRS990/FeesForServicesOtherGrp/TotalAmt0549908
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt140.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt60.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt70.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt80.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt90.50
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd7X
IRS990/Form990PartVIISectionAGrp/OfficerInd8X
IRS990/Form990PartVIISectionAGrp/OfficerInd9X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt079551
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130223
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/PersonNm0MEGAN WALSH
IRS990/Form990PartVIISectionAGrp/PersonNm1JAMES RODGERS
IRS990/Form990PartVIISectionAGrp/PersonNm2KARI SMITH JOINED 102023
IRS990/Form990PartVIISectionAGrp/PersonNm3THOMAS CONWAY
IRS990/Form990PartVIISectionAGrp/PersonNm4CHRISTOPHER CREELMAN
IRS990/Form990PartVIISectionAGrp/PersonNm5JOSEPH A GARBARIANO
IRS990/Form990PartVIISectionAGrp/PersonNm6MICHAEL GRASSO
IRS990/Form990PartVIISectionAGrp/PersonNm7THOMAS MCDADE III
IRS990/Form990PartVIISectionAGrp/PersonNm8MICHELE KRAJEWSKI
IRS990/Form990PartVIISectionAGrp/PersonNm9EUGENE MCALEER
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0152947
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1159741
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/TitleTxt0CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt1CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt2MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt6MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt9MEMBER
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02009
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt08
IRS990/GovernmentGrantsAmt05449794
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt018471849
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt08
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InfoInScheduleOPartXInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt0154648
IRS990/InformationTechnologyGrp/ProgramServicesAmt0100108
IRS990/InformationTechnologyGrp/TotalAmt0254756
IRS990/InsuranceGrp/ManagementAndGeneralAmt073372
IRS990/InsuranceGrp/ProgramServicesAmt058522
IRS990/InsuranceGrp/TotalAmt0131894
IRS990/InvestmentIncomeGrp/ExclusionAmt047369
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt047369
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt010
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt04122253
IRS990/LandBldgEquipBasisNetGrp/BOYAmt011851600
IRS990/LandBldgEquipBasisNetGrp/EOYAmt012173968
IRS990/LandBldgEquipCostOrOtherBssAmt016296221
IRS990/LegalDomicileStateCd0PA
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0BASIC ELEMENTARY SCHOOL EDUCATION FOR STUDENTS.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt010191562
IRS990/NetAssetsOrFundBalancesEOYAmt016416811
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt01246392
IRS990/OccupancyGrp/ProgramServicesAmt013784
IRS990/OccupancyGrp/TotalAmt01260176
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt03330464
IRS990/OtherAssetsTotalGrp/EOYAmt01214476
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt080511
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt01112166
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01192677
IRS990/OtherExpensesGrp/Desc0SPECIAL EDUCATION
IRS990/OtherExpensesGrp/Desc1FOOD SERVICE
IRS990/OtherExpensesGrp/Desc2EDUCATIONAL SUPPLIES
IRS990/OtherExpensesGrp/Desc3SCHOOL ACTIVITIES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt037613
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt120641
IRS990/OtherExpensesGrp/ProgramServicesAmt0640146
IRS990/OtherExpensesGrp/ProgramServicesAmt1427261
IRS990/OtherExpensesGrp/ProgramServicesAmt2342802
IRS990/OtherExpensesGrp/ProgramServicesAmt3113670
IRS990/OtherExpensesGrp/TotalAmt0640146
IRS990/OtherExpensesGrp/TotalAmt1427261
IRS990/OtherExpensesGrp/TotalAmt2380415
IRS990/OtherExpensesGrp/TotalAmt3134311
IRS990/OtherLiabilitiesGrp/BOYAmt013486084
IRS990/OtherLiabilitiesGrp/EOYAmt09304000
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0154028
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt06241148
IRS990/OtherSalariesAndWagesGrp/TotalAmt06395176
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt042772
IRS990/PayrollTaxesGrp/ProgramServicesAmt0484316
IRS990/PayrollTaxesGrp/TotalAmt0527088
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt011851600
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt012173968
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0-575277
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0-3354984
IRS990/PensionPlanContributionsGrp/TotalAmt0-3930261
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0320345
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0503340
IRS990/PrincipalOfficerNm0JAMES RODGERS
IRS990/PriorPeriodAdjustmentsAmt0-2904464
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/BusinessCd2611710
IRS990/ProgramServiceRevenueGrp/BusinessCd3611710
IRS990/ProgramServiceRevenueGrp/Desc0SCHOOL SUBSIDIES
IRS990/ProgramServiceRevenueGrp/Desc1FOOD SERVICES
IRS990/ProgramServiceRevenueGrp/Desc2OTHER REVENUES
IRS990/ProgramServiceRevenueGrp/Desc3COMMUNITY SUPPORT
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt012597707
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1152533
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2135550
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt388896
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt012597707
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1152533
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2135550
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt388896
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt04488629
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt06736
IRS990/PYOtherExpensesAmt04325726
IRS990/PYProgramServiceRevenueAmt013791907
IRS990/PYRevenuesLessExpensesAmt04871059
IRS990/PYSalariesCompEmpBnftPaidAmt09090487
IRS990/PYTotalExpensesAmt013416213
IRS990/PYTotalRevenueAmt018287272
IRS990/ReconcilationRevenueExpnssAmt09129713
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/EOYAmt04273854
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt010961969
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01990849
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt012952818
IRS990ScheduleD/EquipmentGrp/BookValueAmt01132030
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02131404
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt03263434
IRS990ScheduleD/ExpensesSubtotalAmt09342136
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt07914000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1890000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2326000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3174000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NET PENSION LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEFERRED INFLOWS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2NET OPEB LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3NET OTHER POST RET BEN LIABILITY
IRS990ScheduleD/RevenueSubtotalAmt018471849
IRS990ScheduleD/TotalBookValueLandBuildingsAmt012093999
IRS990ScheduleD/TotalExpensesPerForm990Amt09342136
IRS990ScheduleD/TotalLiabilityAmt09304000
IRS990ScheduleD/TotalRevenuePerForm990Amt018471849
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt018471849
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt09342136
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE CHARTER SCHOOL RECEIVES FUNDING FROM THE FEDERAL GOVERNMENT, THE STATE OF PENNSYLVANIA AND LOCAL SCHOOL DISTRICTS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 6
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0144039
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1107500
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount08908
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount152241
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt050555
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt15375
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt028996
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt124848
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0MEGAN WALSH
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1JAMES RODGERS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CFO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0232498
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1189964
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 IS REVIEWED BY THE BACKOFFICE CONTRACTED BUSINESS SERVICE PROVIDER AND THE BOARD PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD AND MANAGEMENT ARE REQUIRED TO COMPLETE A STATEMENT OF FINANCIAL INTEREST ANNUALLY. IT IS REVIEWED BY THE CHAIR AND CEO FOR POSSIBLE CONFLICTS OF INTEREST. BOARD MEMBERS WHO HAVE OR MAY HAVE A CONFLICT OF INTEREST REFRAIN FROM PARTICIPATING THE IN THE DISCUSSION AND VOTING MATTER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE SALARY OF THE CEO AND OF ALL STAFF ARE APPROVED DURING THE ANNUAL BUDGETING PROCESS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE SALARY OF THE CEO AND OF ALL STAFF ARE APPROVED DURING THE ANNUAL BUDGETING PROCESS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE SCHOOL'S GOVERNING DOCUMENTS ARE MADE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5IN THE PREVIOUS YEAR, NET ASSETS WERE REPORTED AS THOUGH THE ORGANIZATION FOLLOWED FASB ASC 958, AND REPORTED ON LINE 27 AS NET ASSETS WITHOUT DONOR RESTRICTIONS. THE ORGANIZATION DOES NOT FOLLOW FASB 958 AND THE NET ASSETS FOR THE BEGINNING OF THE YEAR WERE RECLASSIFIED TO LINES 29 AND 30 AS REPORTED ON THE PRIOR YEAR AUDIT REPORT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6FOR THE YEAR ENDED JUNE 30, 2022, A RECEIVABLE WAS REPORTED FOR FRANKLIN TOWNE CHARTER ELEMENTARY SCHOOL FROM THE DISCRETELY PRESENTED COMPONENT UNIT, RICHMOND STREET COMMUNITY DEVELOPMENT CORPORATION, IN THE AMOUNT OF 2,904,464. THIS AMOUNT WAS SUBSEQUENTLY DEEMED TO BE AN INCORRECT POSTING. NET POSITION AS OF JUNE 30, 2022 WAS RESTATED FOR EACH ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART X
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0RICHMOND STREET COMMUNITY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine2Txt0DEVELOPMENT CORPORATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0271345340
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0PA

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$27,464,053
Liabilities
$11,047,242
Net assets
$16,416,811
Revenue
$18,471,849
Expenses
$9,342,136
Net income
$9,129,713
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