Civic Intelligence

Frankford Valley Foundation for Literacy I

990 • Fiscal year 2014 • EIN 54-2100509

Jul 01, 2013 to Jun 30, 2014 • Filed on May 07, 2015

Organization ProfileN/A
4300 Tacony Street19134

(215) 743-3100

Siviq Scores

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

Liabilities / Assets

92nd percentile

0.97x

Higher debt load relative to assets than 92% of similar nonprofits.

2014 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2014

Liabilities / Revenue

99th percentile

22.63x

Higher debt load relative to revenue than 99% of similar nonprofits.

2014 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2014

Net Margin

28th percentile

-0.6%

Higher net margin than 28% of similar nonprofits.

2014 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2014

Top Officer Pay

6th percentile

$0

Higher top officer pay than 6% of similar nonprofits.

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

2014 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2014

Asset Growth

98th percentile

134%

Faster asset growth than 98% of similar nonprofits.

2014 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Balance Sheet
Liabilities / Assets92nd percentile

Assets

Up

$44,867,473

Up $25,693,722 (+134%) from 2013

Net Assets

Down

$1,207,285

Down $11,946 (-1.0%) from 2013

Liabilities

Up

$43,660,188

Up $25,705,668 (+143%) from 2013

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin28th percentile

Revenue

$1,929,564

No earlier filing loaded for comparison.

Expenses

Up

$1,941,510

Up $325,822 (+20%) from 2013

Net Income

-$11,946

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth98th percentile

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

$60M$40M$20M$0-$20MAssets 2010: $19,408,166Liabilities 2010: $17,685,396Net Assets 2010: $1,722,7702010Assets 2011: $18,759,602Liabilities 2011: $17,182,852Net Assets 2011: $1,576,7502011Assets 2012: $18,983,396Liabilities 2012: $17,593,047Net Assets 2012: $1,390,3492012Assets 2013: $19,173,751Liabilities 2013: $17,954,520Net Assets 2013: $1,219,2312013Assets 2014: $44,867,473Liabilities 2014: $43,660,188Net Assets 2014: $1,207,2852014Assets 2015: $43,347,400Liabilities 2015: $42,482,573Net Assets 2015: $864,8272015Assets 2016: $41,605,125Liabilities 2016: $41,716,453Net Assets 2016: -$111,3282016Assets 2017: $41,847,817Liabilities 2017: $40,858,777Net Assets 2017: $989,0402017Assets 2018: $41,741,871Liabilities 2018: $41,398,803Net Assets 2018: $343,0682018Assets 2019: $40,153,534Liabilities 2019: $40,333,390Net Assets 2019: -$179,8562019Assets 2020: $38,637,515Liabilities 2020: $39,191,014Net Assets 2020: -$553,4992020Assets 2021: $37,627,469Liabilities 2021: $38,275,155Net Assets 2021: -$647,6862021Assets 2022: $36,655,950Liabilities 2022: $37,572,871Net Assets 2022: -$916,9212022Assets 2023: $35,536,434Liabilities 2023: $36,563,905Net Assets 2023: -$1,027,4712023Assets 2024: $33,634,074Liabilities 2024: $35,409,232Net Assets 2024: -$1,775,1582024

Highlighted filing

2014

Assets$44,867,473
Liabilities$43,660,188
Net Assets$1,207,285
Open 2014 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $1,555,9272010Expenses 2011: $1,556,9052011Expenses 2012: $1,618,6262012Expenses 2013: $1,615,6882013Revenue 2014: $1,929,564Expenses 2014: $1,941,510Net Income 2014: -$11,9462014Revenue 2015: $2,566,239Expenses 2015: $2,908,697Net Income 2015: -$342,4582015Revenue 2016: $3,469,194Expenses 2016: $4,445,349Net Income 2016: -$976,1552016Revenue 2017: $3,734,682Expenses 2017: $4,442,442Net Income 2017: -$707,7602017Revenue 2018: $3,646,486Expenses 2018: $4,292,459Net Income 2018: -$645,9732018Revenue 2019: $3,687,700Expenses 2019: $4,210,624Net Income 2019: -$522,9242019Revenue 2020: $3,755,795Expenses 2020: $4,129,439Net Income 2020: -$373,6442020Revenue 2021: $3,946,104Expenses 2021: $4,040,291Net Income 2021: -$94,1872021Revenue 2022: $3,710,685Expenses 2022: $3,979,920Net Income 2022: -$269,2352022Revenue 2023: $3,761,292Expenses 2023: $3,871,842Net Income 2023: -$110,5502023Revenue 2024: $3,942,636Expenses 2024: $4,690,323Net Income 2024: -$747,6872024

Highlighted filing

2014

Revenue$1,929,564
Expenses$1,941,510
Net Income-$11,946
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
May 7, 2015
Return Version
2013v4.0
Gross Receipts
$1,929,564
Mission and Program Overview

Mission

The frankford valley foundation for literacy is a non profit organization, 501(c)(3), that was designated for the benefit of the community. Their mission is to support and expand opportunities for advancement to every member of the community. The organization leases property to the first philadelphia preparatory charter school, which is a tax exempt organization under irc 501(c)(3).

The frankford valley foundation for literacy is a non profit organization, 501(c)(3), that was designed for the benefit of the community. Their mission is to support and expand opportunities for advancement to every member of the community. The organization leases property to the first philadelphia preparatory charter school, which is a tax exempt organization under irc 501(c)(3).

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$16,858,081$23,647,167▲ $6,789,086
Cash and Non-Interest-Bearing Accounts$31,061$287,837▲ $256,776
Prepaid Expenses and Deferred Charges$413,335$1,838▼ $411,497
Accounts Receivable$815--
Total Assets$19,173,751$44,867,473▲ $25,693,722
Other Assets Total$1,870,459$20,930,631▲ $19,060,172
Liabilities
Unsecured Notes Loans Payable$113,225$41,195,000▲ $41,081,775
Tax Exempt Bond Liabilities$15,676,650--
Accounts Payable and Accrued Expenses$504,058$1,387,432▲ $883,374
Deferred Revenue$253,392$853,390▲ $599,998
Other Liabilities$1,407,195$224,366▼ $1,182,829
Total Liabilities$17,954,520$43,660,188▲ $25,705,668
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,870,459$2,151,584▲ $281,125
Unrestricted Net Assets$-651,228$-944,299▼ $293,071
Total Net Assets Fund Balance$1,219,231$1,207,285▼ $11,946
Total Liabilities and Net Assets / Fund Balance$19,173,751$44,867,473▲ $25,693,722

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$13,912,373$3,178,118$17,090,491
Other Land Buildings$8,072,172-$8,072,172
Land$1,379,908-$1,379,908
Equipment$282,714$330,929$613,643
Other Assets Org$1,086,510--
Compensation and Service Providers
Top Officer Pay6th percentile

Board Members and Trustees

NameTitle
Mark E PiechBoard President
Anita KaiserBoard Vice President
Patricia a PiechBoard Member
Barbara SaundersBoard Secretary
James W LumppBoard Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,331
Program Service Revenue
$0
Investment Income
$73,129
Other Revenue
$1,854,104
All Other Contributions
$2,331
Change in Net Assets
$-11,946

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,929,564
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,929,564
Total Revenue per Form 990
$1,929,564
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,941,510
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$1,042,192$260,547-$1,302,739
Depreciation Depletion$517,512--$517,512
Insurance$39,327$9,832-$49,159
Fees for Services Other$23,105--$23,105
Fees for Services Management$18,000--$18,000
Fees for Services Legal$16,432--$16,432
Fees for Services Accounting$13,700--$13,700
Office Expenses$863--$863
Total Functional Expenses$1,671,131$270,379$0$1,941,510

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,941,510
Total Expenses per Audited Statements$1,941,510
Total Expenses per Form 990$1,941,510
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Due to Related Party$224,366
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“The organization outsources its business management duties to santilli & thomson, llc.”

Form 990, Part VI, Section B, Line 11

“Form 990 is prepared by the organization's outside, independent cpa firm and reviewed by the board president prior to filing.”

Form 990, Part VI, Section C, Line 18

“The organization makes its form 990 available through www.guidestar.org, dunn and bradstreet, and through request via right to know.”

Form 990, Part VI, Section C, Line 19

“The organization makes information available through www.guidestar.org, dunn and bradstreet, and through request via right to know.”

Filing and Contact Details

Filer

EIN
54-2100509
Phone
2157433100

Signing Officer

Name
Mark E Piech
Title
President
Phone
6094976648
Signed
2015-05-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark E Piech
Formed
2003
Legal Domicile
Pa
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0

Preparer

Preparer
Zelenkofske Axelrod LLC
Phone
2159182277
Raw XML Appendix381 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.

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IRS990ScheduleD/TotalBookValueLandBuildingsAmt023647167
IRS990ScheduleD/TotalBookValueOtherAssetsAmt020930631
IRS990ScheduleD/TotalExpensesPerForm990Amt01941510
IRS990ScheduleD/TotalLiabilityAmt0224366
IRS990ScheduleD/TotalRevenuePerForm990Amt01929564
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01929564
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01941510
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION OUTSOURCES ITS BUSINESS MANAGEMENT DUTIES TO SANTILLI & THOMSON, LLC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS PREPARED BY THE ORGANIZATION'S OUTSIDE, INDEPENDENT CPA FIRM AND REVIEWED BY THE BOARD PRESIDENT PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE THROUGH WWW.GUIDESTAR.ORG, DUNN AND BRADSTREET, AND THROUGH REQUEST VIA RIGHT TO KNOW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES INFORMATION AVAILABLE THROUGH WWW.GUIDESTAR.ORG, DUNN AND BRADSTREET, AND THROUGH REQUEST VIA RIGHT TO KNOW.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0264265665
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0510 C 3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0PA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0TO LEASE FACILITIES TO THE SCHOOL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0NUMBER 11 TYPE I
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine101330 RHAWN STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/City0PHILADELPHIA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/State0PA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCode019111
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd01
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt01854104
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0ACTUAL AMOUNT PAID
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine10TACONY ACADEMY CHARTER SCHOOL
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0J
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
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IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt01870459
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt02151584
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt02331
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0270379
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01671131
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IRS990/TotalLiabilitiesBOYAmt017954520
IRS990/TotalLiabilitiesEOYAmt043660188
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IRS990/USAddress/City0PHILADELPHIA
IRS990/USAddress/State0PA
IRS990/USAddress/ZIPCode019134
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MARK E PIECH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06094976648
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-05-07
ReturnHeader/Filer/BusinessName/BusinessNameLine10FRANKFORD VALLEY FOUNDATION FOR LITERACY I
ReturnHeader/Filer/BusinessNameControlTxt0FRAN
ReturnHeader/Filer/EIN0542100509
ReturnHeader/Filer/PhoneNum02157433100
ReturnHeader/Filer/USAddress/AddressLine104300 TACONY STREET
ReturnHeader/Filer/USAddress/City0PHILADELPHIA
ReturnHeader/Filer/USAddress/State0PA
ReturnHeader/Filer/USAddress/ZIPCode019134
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0270710060
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10ZELENKOFSKE AXELROD LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine102370 YORK ROAD SUITE A-5
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0JAMISON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode018929
ReturnHeader/PreparerPersonGrp/PhoneNum02159182277
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ZELENKOFSKE AXELROD LLC
ReturnHeader/ReturnTs02015-05-07T12:19:16-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-07-01
ReturnHeader/TaxPeriodEndDt02014-06-30
ReturnHeader/TaxYr02013

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$44,867,473
Liabilities
$43,660,188
Net assets
$1,207,285
Revenue
$1,929,564
Expenses
$1,941,510
Net income
-$11,946
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$33.6$35.4$1.78$3.94$4.69$0.75
2023Detailed filing. Detailed filing data is available for this year.$35.5$36.6$1.03$3.76$3.87$0.11
2022Detailed filing. Detailed filing data is available for this year.$36.7$37.6$0.92$3.71$3.98$0.27
2021Detailed filing. Detailed filing data is available for this year.$37.6$38.3$0.65$3.95$4.04$0.09
2020Detailed filing. Detailed filing data is available for this year.$38.6$39.2$0.55$3.76$4.13$0.37
2019Detailed filing. Detailed filing data is available for this year.$40.2$40.3$0.18$3.69$4.21$0.52
2018Detailed filing. Detailed filing data is available for this year.$41.7$41.4$0.34$3.65$4.29$0.65
2017Detailed filing. Detailed filing data is available for this year.$41.8$40.9$0.99$3.73$4.44$0.71
2016Summary only. Only limited summary data is available for this year.$41.6$41.7$0.11$3.47$4.45$0.98
2015Detailed filing. Detailed filing data is available for this year.$43.3$42.5$0.86$2.57$2.91$0.34
2014Detailed filing. Detailed filing data is available for this year.$44.9$43.7$1.21$1.93$1.94$0.01
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.2$18.0$1.22$1.62
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.0$17.6$1.39$1.62
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.8$17.2$1.58$1.56
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.4$17.7$1.72$1.56