Civic Intelligence

Frankford Valley Foundation for Literacy I

990 • Fiscal year 2020 • EIN 54-2100509

Jul 01, 2019 to Jun 30, 2020 • Filed on Dec 09, 2020

4300 Tacony StreetPhiladelphia, PA 19134

(215) 743-3100

Siviq Scores

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

Liabilities / Assets

94th percentile

1.01x

Higher debt load relative to assets than 94% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Liabilities / Revenue

96th percentile

10.43x

Higher debt load relative to revenue than 96% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Net Margin

18th percentile

-9.9%

Higher net margin than 18% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Top Officer Pay

8th percentile

$0

Higher top officer pay than 8% of similar nonprofits.

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

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Asset Growth

13th percentile

-3.8%

Faster asset growth than 13% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Revenue Growth

47th percentile

1.8%

Faster revenue growth than 47% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Assets

Down

$38,637,515

Down $1,516,019 (-3.8%) from 2019

Net Assets

Down

-$553,499

Down $373,643 (-208%) from 2019

Liabilities

Down

$39,191,014

Down $1,142,376 (-2.8%) from 2019

Revenue

Up

$3,755,795

Up $68,095 (+1.8%) from 2019

Expenses

Down

$4,129,439

Down $81,185 (-1.9%) from 2019

Net Income

Up

-$373,644

Up $149,280 (+29%) from 2019

Historical Trend

Balance Sheet Trend

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

2020

Assets$38,637,515
Liabilities$39,191,014
Net Assets-$553,499

Operations Trend

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

2020

Revenue$3,755,795
Expenses$4,129,439
Net Income-$373,644
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Dec 9, 2020
Return Version
2019v5.1
Gross Receipts
$3,755,795
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).

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$32,912,216$31,793,017▼ $1,119,199
Prepaid Expenses and Deferred Charges$3,714$76,406▲ $72,692
Cash and Non-Interest-Bearing Accounts$15,288$62,912▲ $47,624
Total Assets$40,153,534$38,637,515▼ $1,516,019
Other Assets Total$7,222,316$6,705,180▼ $517,136
Liabilities
Unsecured Notes Loans Payable$39,465,000$38,830,000▼ $635,000
Other Liabilities$737,243$242,288▼ $494,955
Accounts Payable and Accrued Expenses$131,147$118,726▼ $12,421
Total Liabilities$40,333,390$39,191,014▼ $1,142,376
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-179,856$-553,499▼ $373,643
Total Net Assets Fund Balance$-179,856$-553,499▼ $373,643
Total Liabilities and Net Assets / Fund Balance$40,153,534$38,637,515▼ $1,516,019

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$29,395,383$8,438,998$37,834,381
Land$2,204,908-$2,204,908
Other Land Buildings$192,726$616,725$809,451
Equipment$0$587,407$587,407
Other Assets Org$866,766--
Compensation and Service Providers

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
$0
Program Service Revenue
$3,709,836
Investment Income
$43,370
Other Revenue
$2,589
Change in Net Assets
$-373,644

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,755,795
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$3,755,795
Total Revenue per Form 990
$3,755,795
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,129,439
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$2,797,857--$2,797,857
Depreciation Depletion$1,200,598--$1,200,598
Insurance$81,172--$81,172
Office Expenses$19,169--$19,169
Fees for Services Accounting$9,801--$9,801
Fees for Services Legal$4,891--$4,891
Other Expenses$2,500--$2,500
Total Functional Expenses$4,129,439$0$0$4,129,439

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,129,439
Total Expenses per Audited Statements$4,129,439
Total Expenses per Form 990$4,129,439
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 Affiliate$242,288

Bond Issues

BondIssuerIssuedIssue PricePurpose
AUS National Bank-$40,945,000Acquisition and renovation of school
BUS National Bank-$250,000-

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A----
B----

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
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 11B

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 vie right to know.

Filing and Contact Details

Filer

Filer Name
Frankford Valley Foundation
EIN
54-2100509
Phone
2157433100
Address
4300 TACONY STREET, PHILADELPHIA, PA 19134

Signing Officer

Name
Mark E Piech
Title
President
Phone
2157433100
Signed
2020-12-09
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

Firm
St Clair Cpas Pc
Address
28 S CENTRE STREET, MERCHANTVILLE, NJ 08109
Preparer
Brian D Dimattesa CPA
Phone
8564825600
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

ROUNDING 1.

Form 990, Part XII, Line 2C

The process has not changed from the prior year.

Financial Statement Notes

PART X, LINE 2:

The foundation was incorporated under the laws of the state of pennsylvania and is a nonprofit organization as described in section 501 (c)(3) of the internal revenue code and is exempt from federal and state income taxes. As of june 30, 2020 the tax periods remaining open for examination are fiscal years ended june 30, 2017 through 2020.

Raw XML AppendixShowing 400 of 493 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/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0131147
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0118726
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0THE 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).
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0SANTILLI & THOMSON LLC
IRS990/BooksInCareOfDetail/PhoneNum08565051300
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0601 ROUTE 73 NORTH
IRS990/BooksInCareOfDetail/USAddress/CityNm0MARLTON
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NJ
IRS990/BooksInCareOfDetail/USAddress/ZIPCd008053
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt015288
IRS990/CashNonInterestBearingGrp/EOYAmt062912
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt043370
IRS990/CYOtherExpensesAmt04129439
IRS990/CYOtherRevenueAmt02589
IRS990/CYProgramServiceRevenueAmt03709836
IRS990/CYRevenuesLessExpensesAmt0-373644
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt04129439
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt03755795
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd01
IRS990/DepreciationDepletionGrp/ProgramServicesAmt01200598
IRS990/DepreciationDepletionGrp/TotalAmt01200598
IRS990/Desc0THE ORGANIZATION LEASES PROPERTY TO THE FIRST PHILADELPHIA PREPARATORY CHARTER SCHOOL, WHICH IS A TAX EXEMPT ORGANIZATION UNDER IRC 501(C)(3)
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/EscrowAccountInd01
IRS990/ExpenseAmt04129439
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt09801
IRS990/FeesForServicesAccountingGrp/TotalAmt09801
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt04891
IRS990/FeesForServicesLegalGrp/TotalAmt04891
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/PersonNm0MARK E PIECH
IRS990/Form990PartVIISectionAGrp/PersonNm1ANITA KAISER
IRS990/Form990PartVIISectionAGrp/PersonNm2BARBARA SAUNDERS
IRS990/Form990PartVIISectionAGrp/PersonNm3JAMES W LUMPP
IRS990/Form990PartVIISectionAGrp/PersonNm4PATRICIA A PIECH
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02003
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt03755795
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt05
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt081172
IRS990/InsuranceGrp/TotalAmt081172
IRS990/InterestGrp/ProgramServicesAmt02797857
IRS990/InterestGrp/TotalAmt02797857
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt043370
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt043370
IRS990/InvestmentInJointVentureInd00
IRS990/InvestTaxExemptBondsInd00
IRS990/IRPDocumentCnt03
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt09643130
IRS990/LandBldgEquipBasisNetGrp/BOYAmt032912216
IRS990/LandBldgEquipBasisNetGrp/EOYAmt031793017
IRS990/LandBldgEquipCostOrOtherBssAmt041436147
IRS990/LegalDomicileStateCd0PA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE 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 OPPURTUNITIES FOR ADVANCEMENT TO EVERY MEMBER OF THE COMMUNITY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0-179856
IRS990/NetAssetsOrFundBalancesEOYAmt0-553499
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-179856
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-553499
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ProgramServicesAmt019169
IRS990/OfficeExpensesGrp/TotalAmt019169
IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd01
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt07222316
IRS990/OtherAssetsTotalGrp/EOYAmt06705180
IRS990/OtherChangesInNetAssetsAmt01
IRS990/OtherExpensesGrp/Desc0BANK CHARGES
IRS990/OtherExpensesGrp/Desc1REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/ProgramServicesAmt013451
IRS990/OtherExpensesGrp/ProgramServicesAmt12500
IRS990/OtherExpensesGrp/TotalAmt013451
IRS990/OtherExpensesGrp/TotalAmt12500
IRS990/OtherLiabilitiesGrp/BOYAmt0737243
IRS990/OtherLiabilitiesGrp/EOYAmt0242288
IRS990/OtherRevenueMiscGrp/BusinessCd0611600
IRS990/OtherRevenueMiscGrp/Desc0OTHER REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt02589
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt02589
IRS990/OtherRevenueTotalAmt02589
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03714
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt076406
IRS990/PrincipalOfficerNm0MARK E PIECH
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531120
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt03709836
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03709836
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt070570
IRS990/PYOtherExpensesAmt04210624
IRS990/PYOtherRevenueAmt07294
IRS990/PYProgramServiceRevenueAmt03609836
IRS990/PYRevenuesLessExpensesAmt0-522924
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt04210624
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03687700
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-373644
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt03755795
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/PowerAppointMajorityDirTrstInd00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE SUPPORTED ORGANIZATION LEASED A BUILDING FROM THE SUPPORTING ORGANIZATION.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART IV, SECTION B, LINE 1:
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0233062230
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd02
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt03709836
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0FIRST PHILADELPHIA PREPARATORY CHARTER
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt03709836
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt029395383
IRS990ScheduleD/BuildingsGrp/DepreciationAmt08438998
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt037834381
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0587407
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0587407
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt04129439
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt02204908
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt02204908
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01774711
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt14063703
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2866766
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEFERRED RENT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RESTRICTED ESCROW DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2BOND ISSUANCE COSTS, NET OF ACCUMULATED AMORTIZATION
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0192726
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0616725
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0809451
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0242288
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO AFFILIATE
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt03755795
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION WAS INCORPORATED UNDER THE LAWS OF THE STATE OF PENNSYLVANIA AND IS A NONPROFIT ORGANIZATION AS DESCRIBED IN SECTION 501 (C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES. AS OF JUNE 30, 2020 THE TAX PERIODS REMAINING OPEN FOR EXAMINATION ARE FISCAL YEARS ENDED JUNE 30, 2017 THROUGH 2020.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt031793017
IRS990ScheduleD/TotalBookValueOtherAssetsAmt06705180
IRS990ScheduleD/TotalExpensesPerForm990Amt04129439
IRS990ScheduleD/TotalLiabilityAmt0242288
IRS990ScheduleD/TotalRevenuePerForm990Amt03755795
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03755795
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04129439
IRS990/ScheduleJRequiredInd00
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd0A
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd1B
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd00
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd1B
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd10
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd1B
IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum071781XAR4
IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum171781XAR4
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd10
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt040945000
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt1250000
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0US NATIONAL BANK
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt1US NATIONAL BANK
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd10
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd10
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0ACQUISITION AND RENOVATION OF SCHOOL
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd10
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd10
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondIssMeetPrvtSecPymtTestInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondIssMeetPrvtSecPymtTestInd10
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondReferenceCd1B
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ChangeInUseBondFinancedPropInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ChangeInUseBondFinancedPropInd10
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd10
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd10
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ProcsNonqualifiedBondRemdtdInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ProcsNonqualifiedBondRemdtdInd10
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd10
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd1B
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd10
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxableBondsInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxableBondsInd10
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxExemptBondsInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxExemptBondsInd10
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 VIE RIGHT TO KNOW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ROUNDING 1.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0FIRST PHILADELPHIA CHARTER SCHOOL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0232062230
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/AddressLine1Txt04300 TACONY STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0PHILADELPHIA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0PA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd019124
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd01
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd01
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd01
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt03709836
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt138830000
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt2242288
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0ACTUAL CASH PAID
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1LOAN BALANCE
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt2LOAN BALANCE
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0FIRST PHILADELPHIA PREPARATORY CHARTER SCHOOL
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1FIRST PHILADELPHIA PREPARATORY CHARTER SCHOOL
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt2FIRST PHILADELPHIA PREPARATORY CHARTER SCHOOL

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

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