Civic Intelligence

Boys Latin Foundation

990 • Fiscal year 2020 • EIN 30-0395239

Jul 01, 2019 to Jun 30, 2020 • Filed on May 13, 2021

339 N 63rd StreetPhiladelphia, PA 19139

(215) 387-5149

Siviq Scores

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

Liabilities / Assets

76th percentile

0.49x

Higher debt load relative to assets than 76% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

84th percentile

1.34x

Higher debt load relative to revenue than 84% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Net Margin

51st percentile

4.9%

Higher net margin than 51% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

60th percentile

$142,439

Higher top officer pay than 60% of similar nonprofits.

Top officer pay equals 7.4% of source-year revenue.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Asset Growth

33rd percentile

1.0%

Faster asset growth than 33% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

17th percentile

-25%

Faster revenue growth than 17% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Assets

Up

$5,253,961

Up $53,190 (+1.0%) from 2019

Net Assets

Up

$2,659,394

Up $94,161 (+3.7%) from 2019

Liabilities

Down

$2,594,567

Down $40,971 (-1.6%) from 2019

Revenue

Down

$1,933,128

Down $629,110 (-25%) from 2019

Expenses

Down

$1,838,967

Down $298,508 (-14%) from 2019

Net Income

Down

$94,161

Down $330,602 (-78%) from 2019

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2018: $4,010,062Liabilities 2018: $1,869,592Net Assets 2018: $2,140,4702018Assets 2019: $5,200,771Liabilities 2019: $2,635,538Net Assets 2019: $2,565,2332019Assets 2020: $5,253,961Liabilities 2020: $2,594,567Net Assets 2020: $2,659,3942020Assets 2021: $5,105,819Liabilities 2021: $2,421,503Net Assets 2021: $2,684,3162021Assets 2022: $4,941,523Liabilities 2022: $2,119,153Net Assets 2022: $2,822,3702022Assets 2023: $5,376,002Liabilities 2023: $2,069,006Net Assets 2023: $3,306,9962023Assets 2024: $5,430,937Liabilities 2024: $1,649,253Net Assets 2024: $3,781,6842024

Highlighted filing

2020

Assets$5,253,961
Liabilities$2,594,567
Net Assets$2,659,394

Operations Trend

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

$3.0M$2.0M$1.0M$0Revenue 2018: $1,676,221Expenses 2018: $1,584,174Net Income 2018: $92,0472018Revenue 2019: $2,562,238Expenses 2019: $2,137,475Net Income 2019: $424,7632019Revenue 2020: $1,933,128Expenses 2020: $1,838,967Net Income 2020: $94,1612020Revenue 2021: $1,820,805Expenses 2021: $1,795,884Net Income 2021: $24,9212021Revenue 2022: $1,494,627Expenses 2022: $1,356,573Net Income 2022: $138,0542022Revenue 2023: $1,249,893Expenses 2023: $765,266Net Income 2023: $484,6272023Revenue 2024: $1,263,111Expenses 2024: $788,423Net Income 2024: $474,6882024

Highlighted filing

2020

Revenue$1,933,128
Expenses$1,838,967
Net Income$94,161
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 13, 2021
Return Version
2019v5.2
Gross Receipts
$1,933,128
Mission and Program Overview

Mission

The mission of boys latin foundation (foundation) is to provide educational, administrative, and community services and facilities in the benefit of boys latin of philadelphia charter school (school), a related 501(c)(3) public charity.

To support the efforts of boys latin of philadelphia charter school.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,786,211$4,025,946▲ $239,735
Savings and Temporary Cash Investments$1,208,210$711,322▼ $496,888
Cash and Non-Interest-Bearing Accounts$163,348$445,522▲ $282,174
Total Assets$5,200,771$5,253,961▲ $53,190
Other Assets Total$43,002$71,171▲ $28,169
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,160,088$1,344,879▲ $184,791
Other Liabilities$641,498$1,235,216▲ $593,718
Deferred Revenue$802,180--
Accounts Payable and Accrued Expenses$31,772$14,472▼ $17,300
Total Liabilities$2,635,538$2,594,567▼ $40,971
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,565,233$2,659,394▲ $94,161
Total Net Assets Fund Balance$2,565,233$2,659,394▲ $94,161
Total Liabilities and Net Assets / Fund Balance$5,200,771$5,253,961▲ $53,190

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,650,244$558,636$3,208,880
Land$1,375,702-$1,375,702
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Ruth GonzalezDirector of OperationsFT$119,412$23,027$142,439
Richard McdanielHigh School PrincipalFT$116,080$18,396$134,476
Kerry WoodwardCOO (thru April 2020)FT$101,967$21,719$123,686
Colleen SmithCOO (as of July 2020)FT$80,100$10,639$90,739

Board Members and Trustees

NameTitle
R Richard WilliamsBoard Chair
Marianne DeanTrustee
David MartinelliTrustee (beg June 2020)
David HardyTrustee (thru June 2020)
Revenue and Support

Revenue Composition

Contributions and Grants
$745,524
Program Service Revenue
$1,172,302
Investment Income
$15,302
Other Revenue
$0
All Other Contributions
$745,524
Change in Net Assets
$94,161

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,933,128
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,933,128
Total Revenue per Form 990
$1,933,128
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,085,818
Grants and Similar Amounts Paid$497,250
Other Expenses$255,899
Total Fundraising Expense$78,952
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$640,403--$640,403
Grants to Domestic Orgs$497,250--$497,250
Current Officers, Directors, Trustees, and Key Employees$194,828$55,956$73,122$323,906
Depreciation Depletion$128,355--$128,355
Payroll Taxes$64,188$3,982$5,245$73,415
Fees for Services Other$63,775$4,926$10$68,711
Interest$54,326--$54,326
Pension Plan Contributions$48,094--$48,094
Fees for Services Accounting-$2,500$575$3,075
Fees for Services Legal-$770-$770
Insurance-$662-$662
Total Functional Expenses$1,691,219$68,796$78,952$1,838,967

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,838,967
Total Expenses per Audited Statements$1,838,967
Total Expenses per Form 990$1,838,967
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Boys Latin of Philadelphia Charter SchoolPhiladelphia, PA501(c)(3)School Programs$497,250
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Parkway Educational Consultants LlDAVID HARDY IS A BOYS LATIN FOUNDATION BOARD MEMBER & OWNS >35% OF THE LLCConsulting ServicesNo$63,775
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Related Party$1,235,216
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
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
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, Part VI, Section A, Line 8B

The organization does not have any committees with authority to act on behalf of the board, therefore per the available internal revenue service instructions this question has been answered as no.

Form 990, Part VI, Section B, Line 11B

The form 990 is prepared by an independent accounting firm. The coo and board of trustees review the form 990 before it is submitted to the internal revenue service.

Form 990, Part VI, Section B, Line 12C

The conflict of interest policy applies to all members of the board of trustees, officers and employees of the foundation. In the event a potential conflict of interest does arise, its nature and extent should be fully disclosed immediately to the chairperson and to the board of trustees. The chairperson of the board of trustees makes the determination as to whether a potential conflict is an actual conflict. Failure to adhere to this policy, including failure to disclosure any conflicts, may result in disciplinary action, up to and including termination or dismissal from the board if an actual conflict was identified.

Form 990, Part VI, Section B, Line 15

Compensation is reviewed and approved by the finance committee and board chairperson of the board of trustees. Comparability data is gathered and assessed from similar non-profit organizations. The comparable analysis is available for further substantiation. The decision is recorded via offer letter/contractual documentation and approval is documented in the minutes.

Form 990, Part VI, Section C, Line 19

The boys latin foundation's governing documents, conflict of interest policy and financial statement are available upon request.

Filing and Contact Details

Filer

Filer Name
Boys Latin Foundation
EIN
30-0395239
Phone
2153875149
Address
339 N 63RD STREET, PHILADELPHIA, PA 19139

Signing Officer

Name
R Richard Williams
Title
Board Member
Phone
2153875149
Signed
2021-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
R Richard Williams
Formed
2007
Legal Domicile
Pa
Voting Board Members
3
Independent Board Members
3
Employees
12
Volunteers
5

Preparer

Firm
Cliftonlarsonallen Llp
Address
610 W GERMANTOWN PIKE SUITE 400, PLYMOUTH MEETING, PA 19462
Preparer
Connie M Lira
Phone
2156433900
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The foundation recognizes and measures its unrecognized tax benefits in accordance with fasb asc 740, income taxes. Using that guidance, tax positions initially need to be recognized in the financial statements when it is more likely than not that the positions will not be sustained upon examination by the taxing authorities. It also provides guidance for derecognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. As of june 30, 2020, the foundation had no uncertain tax positions that qualified for either recognition or disclosure in the financial statements. Additionally, the foundation had no interest or penalties related to income taxes.

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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01072998
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt199304
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01284479
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0802180
IRS990/PYInvestmentIncomeAmt08220
IRS990/PYOtherExpensesAmt0170014
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01269539
IRS990/PYRevenuesLessExpensesAmt0424763
IRS990/PYSalariesCompEmpBnftPaidAmt01165281
IRS990/PYTotalExpensesAmt02137475
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02562238
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt094161
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01172302
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01208210
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0711322
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE ORGANIZATION'S DIRECTOR OF OPERATIONS AND COO REPORT DIRECTLY TO BOTH THE ORGANIZATION'S BOARD AND THE CHARTER SCHOOL'S BOARD. IN ADDITION, FINANCIAL INFORMATION OF THE ORGANIZATION IS REPORTED TO THE CHARTER SCHOOL'S BOARD AT EACH MEETING OF THE BOARD.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART IV, SECTION B, LINE 1:
IRS990ScheduleA/IRSWrittenDeterminationInd0X
IRS990ScheduleA/OtherSupportSumAmt01172302
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0203597185
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd02
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt01172302
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0497250
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0BOYS LATIN OF PHILADELPHIA CS
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt0497250
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/BookValueAmt02650244
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0558636
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03208880
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01838967
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt01375702
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01375702
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01235216
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO RELATED PARTY
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01933128
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION RECOGNIZES AND MEASURES ITS UNRECOGNIZED TAX BENEFITS IN ACCORDANCE WITH FASB ASC 740, INCOME TAXES. USING THAT GUIDANCE, TAX POSITIONS INITIALLY NEED TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITIONS WILL NOT BE SUSTAINED UPON EXAMINATION BY THE TAXING AUTHORITIES. IT ALSO PROVIDES GUIDANCE FOR DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. AS OF JUNE 30, 2020, THE FOUNDATION HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFIED FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. ADDITIONALLY, THE FOUNDATION HAD NO INTEREST OR PENALTIES RELATED TO INCOME TAXES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04025946
IRS990ScheduleD/TotalExpensesPerForm990Amt01838967
IRS990ScheduleD/TotalLiabilityAmt01235216
IRS990ScheduleD/TotalRevenuePerForm990Amt01933128
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01933128
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01838967
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0497250
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0SCHOOL PROGRAMS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0BOYS LATIN OF PHILADELPHIA CHARTER SCHOOL
IRS990ScheduleI/RecipientTable/RecipientEIN0203597185
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt05501 CEDAR AVENUE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0PHILADELPHIA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0PA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd019143
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION'S BUSINESS MANAGER AND COO REPORT DIRECTLY TO BOTH THE ORGANIZATION'S BOARD AND THE CHARTER SCHOOL'S BOARD. IN ADDITION, FINANCIAL INFORMATION OF THE ORGANIZATION IS REPORTED TO THE CHARTER SCHOOL'S BOARD AT EACH MEETING OF THE BOARD. THIS OVERSIGHT IS WHAT ALLOWS THE ORGANIZATION TO ENSURE GRANT FUNDS ARE USED FOR THEIR INTENDED PURPOSE.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0PARKWAY EDUCATIONAL CONSULTANTS LL
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0DAVID HARDY IS A BOYS LATIN FOUNDATION BOARD MEMBER & OWNS >35% OF THE LLC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt063775
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0CONSULTING SERVICES
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE BOARD, THEREFORE PER THE AVAILABLE INTERNAL REVENUE SERVICE INSTRUCTIONS THIS QUESTION HAS BEEN ANSWERED AS NO.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM. THE COO AND BOARD OF TRUSTEES REVIEW THE FORM 990 BEFORE IT IS SUBMITTED TO THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CONFLICT OF INTEREST POLICY APPLIES TO ALL MEMBERS OF THE BOARD OF TRUSTEES, OFFICERS AND EMPLOYEES OF THE FOUNDATION. IN THE EVENT A POTENTIAL CONFLICT OF INTEREST DOES ARISE, ITS NATURE AND EXTENT SHOULD BE FULLY DISCLOSED IMMEDIATELY TO THE CHAIRPERSON AND TO THE BOARD OF TRUSTEES. THE CHAIRPERSON OF THE BOARD OF TRUSTEES MAKES THE DETERMINATION AS TO WHETHER A POTENTIAL CONFLICT IS AN ACTUAL CONFLICT. FAILURE TO ADHERE TO THIS POLICY, INCLUDING FAILURE TO DISCLOSURE ANY CONFLICTS, MAY RESULT IN DISCIPLINARY ACTION, UP TO AND INCLUDING TERMINATION OR DISMISSAL FROM THE BOARD IF AN ACTUAL CONFLICT WAS IDENTIFIED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPENSATION IS REVIEWED AND APPROVED BY THE FINANCE COMMITTEE AND BOARD CHAIRPERSON OF THE BOARD OF TRUSTEES. COMPARABILITY DATA IS GATHERED AND ASSESSED FROM SIMILAR NON-PROFIT ORGANIZATIONS. THE COMPARABLE ANALYSIS IS AVAILABLE FOR FURTHER SUBSTANTIATION. THE DECISION IS RECORDED VIA OFFER LETTER/CONTRACTUAL DOCUMENTATION AND APPROVAL IS DOCUMENTED IN THE MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOYS LATIN FOUNDATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENT ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0BOYS LATIN OF PHILADELPHIA CHARTER SCHOOL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0203597185
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0PA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0PENNSYLVANIA CHARTER SCHOOL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 2
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt05501 CEDAR AVENUE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0PHILADELPHIA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0PA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd019143
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd01
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd01
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0PA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt05200771
IRS990/TotalAssetsEOYAmt05253961
IRS990/TotalAssetsGrp/BOYAmt05200771
IRS990/TotalAssetsGrp/EOYAmt05253961
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0745524
IRS990/TotalEmployeeCnt012
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt078952

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