Civic Intelligence

Freire Foundation

990 • Fiscal year 2016 • EIN 27-2568814

Jul 01, 2015 to Jun 30, 2016 • Filed on Mar 27, 2017

Organization ProfileN/A
2027 Chestnut StreetPhiladelphia, PA 19103

(267) 583-4458

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

87th percentile

0.75x

Higher debt load relative to assets than 87% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

95th percentile

5.51x

Higher debt load relative to revenue than 95% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

33rd percentile

-2.9%

Higher net margin than 33% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

43rd percentile

-0.3%

Faster asset growth than 43% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

7th percentile

-43%

Faster revenue growth than 7% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets87th percentile

Assets

Down

$3,908,497

Down $12,786 (-0.3%) from 2015

Net Assets

Down

$959,840

Down $109,531 (-10%) from 2015

Liabilities

Up

$2,948,657

Up $96,745 (+3.4%) from 2015

Revenue And Expenses
Liabilities / Revenue95th percentileNet Margin33rd percentile

Revenue

Down

$535,318

Down $402,771 (-43%) from 2015

Expenses

Down

$550,773

Down $130,634 (-19%) from 2015

Net Income

Down

-$15,455

Down $272,137 (-106%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth43rd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2013: $3,789,152Liabilities 2013: $3,073,641Net Assets 2013: $715,5112013Assets 2015: $3,921,283Liabilities 2015: $2,851,912Net Assets 2015: $1,069,3712015Assets 2016: $3,908,497Liabilities 2016: $2,948,657Net Assets 2016: $959,8402016Assets 2019: $3,491,491Liabilities 2019: $2,898,681Net Assets 2019: $592,8102019Assets 2020: $3,732,115Liabilities 2020: $2,972,172Net Assets 2020: $759,9432020Assets 2021: $4,000,520Liabilities 2021: $2,502,530Net Assets 2021: $1,497,9902021Assets 2022: $3,865,660Liabilities 2022: $2,449,556Net Assets 2022: $1,416,1042022

Highlighted filing

2016

Assets$3,908,497
Liabilities$2,948,657
Net Assets$959,840
Open 2016 Filing

Operations Trend

Revenue Growth7th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KExpenses 2013: $341,8222013Revenue 2015: $938,089Expenses 2015: $681,407Net Income 2015: $256,6822015Revenue 2016: $535,318Expenses 2016: $550,773Net Income 2016: -$15,4552016Revenue 2019: $865,994Expenses 2019: $1,199,317Net Income 2019: -$333,3232019Revenue 2020: $926,329Expenses 2020: $759,196Net Income 2020: $167,1332020Revenue 2021: $1,134,178Expenses 2021: $396,131Net Income 2021: $738,0472021Revenue 2022: $898,899Expenses 2022: $980,785Net Income 2022: -$81,8862022

Highlighted filing

2016

Revenue$535,318
Expenses$550,773
Net Income-$15,455
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Mar 27, 2017
Return Version
2015v3.0
Gross Receipts
$535,318
Mission and Program Overview

Mission

The organization holds real estate for freire charter school and provides support to charter schools that use the freire academic model.

The Organization holds real estate for Freire Charter School and provides support to Charter Schools that use the Freire education model.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,346,048$3,248,846▼ $97,202
Savings and Temporary Cash Investments$357,949$181,434▼ $176,515
Cash and Non-Interest-Bearing Accounts$54,855$141,549▲ $86,694
Accounts Receivable-$23,834-
Prepaid Expenses and Deferred Charges$20,000--
Total Assets$3,921,283$3,908,497▼ $12,786
Other Assets Total$142,431$312,834▲ $170,403
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,268,719$2,163,122▼ $105,597
Unsecured Notes Loans Payable$583,195$583,195→ $0
Other Liabilities$94,074$202,340▲ $108,266
Total Liabilities$2,945,988$2,948,657▲ $2,669
Net Assets / Fund Balance
Unrestricted Net Assets$861,745$831,915▼ $29,830
Temporarily Rstr Net Assets$113,550$127,925▲ $14,375
Permanently Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$975,295$959,840▼ $15,455
Total Liabilities and Net Assets / Fund Balance$3,921,283$3,908,497▼ $12,786

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$0$0$0
Other Land Buildings$0$0$0
Land$0-$0
Equipment$0$0$0
Leasehold Improvements$3,248,846$562,150$0
Other Assets Org$215,000--
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Kristin DavidsonPresident
Joan GoldsteinVice President
Gary ZlotnickDirector
John EldruffSecretary
Kathleen O'ConnellTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$283,271
Program Service Revenue
$252,000
Investment Income
$47
Other Revenue
$0
All Other Contributions
$283,271
Change in Net Assets
$-15,455

Audited Revenue Reconciliation

Revenue per Audited Statements
$535,318
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$535,318
Total Revenue per Form 990
$535,318
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$370,579
Grants and Similar Amounts Paid$180,194
Total Fundraising Expense$9,852
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$180,194--$180,194
Interest$124,858--$124,858
Depreciation Depletion$97,202--$97,202
Other Expenses$71,632$0$0$71,632
Fees for Services Other--$9,852$9,852
Fees for Services Accounting-$4,000-$4,000
Office Expenses-$1,117-$1,117
Total Functional Expenses$535,804$5,117$9,852$550,773

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$550,773
Total Expenses per Audited Statements$550,773
Total Expenses per Form 990$550,773
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Other Expense Adjustments$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Freire Charter School WilmingtonWilmington, DE501(c)3To support the 2015-16 operations of the School (unrestricted assistance).$153,708
TECH Freire Charter SchoolPhiladelphia, PA501(c)(3)To support the start-up of the School$26,475
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
Funds Held for Others$202,340
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
Backup withholding compliance
Yes
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

“A draft of the 990 is circulated to the Board of Directors for their review. The 990 is then approved by the Board of Directors at its regularly scheduled board meeting.”

Form 990, Part VI, Section C, Line 19

“All organizational documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Freire Charter School Foundation
EIN
27-2568814
Phone
2675834458
Address
2027 Chestnut Street, Philadelphia, PA 19103

Signing Officer

Name
Kristin Davidson
Title
President
Phone
2675834458
Signed
2017-03-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kristin Davidson
Formed
2009
Legal Domicile
Pa
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0

Preparer

Firm
Build the Future Education Collaborative
Address
2027 Chestnut Street, Philadelphia, PA 19103
Preparer
William Ray
Phone
2155578555
Supplemental Narrative

Financial Statement Notes

Schedule D, Part X, Line 2

“As of June 30, 2016, the Foundation had no uncertain tax positions that qualify for either recognition or disclosure in the financial statements. Additionally, the Foundation had no interest or penalties related to income taxes. The Foundation files an income tax return in the U.S. federal jurisdiction. With few exceptions, the Foundation is no longer subject to U.S. federal tax examinations by taxing authorities for years before June 30, 2013.”

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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/Form990ScheduleAPartVIGrp/ExplanationTxt0Schedule A, Part II, Line 1 includes contributions that are not included as revenue in Part VIII of Form 990. A new accounting standard applicable to the Foundation during 2015-16 requires that certain contributions received by the Foundation be classified "funds held for others" and recorded as a liability, not revenue, in both the Foundation's audited financial statements and the 990. However, these donations are considered tax deductible donations to the donor and are included in Schedule A. Omitting these donations would cause Schedule A to be misleading, especially since the accounting rule was new for the year ended June 30, 2016.
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0253409
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01808404
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt046
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt035
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt081
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt01281000
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.58645
IRS990ScheduleA/PublicSupportPY170Pct00.6514
IRS990ScheduleA/PublicSupportTotal170Amt01060580
IRS990ScheduleA/SubstantialContributorsTotAmt0747824
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0716975
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0285981
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0328245
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0223794
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0253409
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01808404
IRS990ScheduleA/TotalSupportAmt01808485
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearAmt00
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
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/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt00
IRS990ScheduleD/BuildingsGrp/DepreciationAmt00
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt00
IRS990ScheduleD/DonatedServicesUseFcltsAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt00
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0550773
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt00
IRS990ScheduleD/InvestmentExpensesNotIncldAmt00
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt03248846
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0562150
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt03810996
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LossesReportedAmt00
IRS990ScheduleD/NetUnrealizedGainsInvstAmt00
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt097834
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1215000
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Advance to Freire Charter School Wilmington
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Contingent Grant to TECH Freire Charter School
IRS990ScheduleD/OtherExpensesIncludedAmt00
IRS990ScheduleD/OtherExpensesNotIncludedAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0202340
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Funds Held for Others
IRS990ScheduleD/OtherRevenueAmt00
IRS990ScheduleD/OtherRevenuesNotIncludedAmt00
IRS990ScheduleD/PriorYearAdjustmentsAmt00
IRS990ScheduleD/RecoveriesPriorYearGrantsAmt00
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0535318
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0As of June 30, 2016, the Foundation had no uncertain tax positions that qualify for either recognition or disclosure in the financial statements. Additionally, the Foundation had no interest or penalties related to income taxes. The Foundation files an income tax return in the U.S. federal jurisdiction. With few exceptions, the Foundation is no longer subject to U.S. federal tax examinations by taxing authorities for years before June 30, 2013.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule D, Part X, Line 2
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03248846
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0312834
IRS990ScheduleD/TotalExpensesPerForm990Amt0550773
IRS990ScheduleD/TotalLiabilityAmt0202340
IRS990ScheduleD/TotalRevenuePerForm990Amt0535318
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0535318
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0550773
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt026475
IRS990ScheduleI/RecipientTable/CashGrantAmt1153708
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(c)3
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0To support the start-up of the School
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1To support the 2015-16 operations of the School (unrestricted assistance).
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0TECH Freire Charter School
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1Freire Charter School Wilmington
IRS990ScheduleI/RecipientTable/RecipientEIN0473965219
IRS990ScheduleI/RecipientTable/RecipientEIN1465680913
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt02221 North Broad Street
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1201 West 14th Street
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Philadelphia
IRS990ScheduleI/RecipientTable/USAddress/CityNm1Wilmington
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0PA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1DE
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd019132

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,908,497
Liabilities
$2,948,657
Net assets
$959,840
Revenue
$535,318
Expenses
$550,773
Net income
-$15,455
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.87$2.45$1.42$0.90$0.98$0.08
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.00$2.50$1.50$1.13$0.40$0.74
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.73$2.97$0.76$0.93$0.76$0.17
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.49$2.90$0.59$0.87$1.20$0.33
2016Detailed filing. Detailed filing data is available for this year.$3.91$2.95$0.96$0.54$0.55$0.02
2015Detailed filing. Detailed filing data is available for this year.$3.92$2.85$1.07$0.94$0.68$0.26
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.79$3.07$0.72$0.34