Franklintown Charter High School
- Assets
- $47.6m
- Revenue
- $24.1m
- Investments
- $0.0
- Employees
- 141
- Location
- Philadelphia, PA
- Founding
- 05/2001
- Data as of
- 06/2022
- EIN
- 23-3038855
Organization Overview
Franklintown Charter High School is located in Philadelphia, PA. The organization was established in 2001. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Franklintown Charter High School employed 141 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Franklintown Charter High School is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Franklintown Charter High School generated $24.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $19.1m during the year ending 06/2022. While expenses have increased by 4.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
BASIC HIGH SCHOOL EDUCATION FOR HIGH SCHOOL STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FRANKLIN TOWNE CHARTER HIGH SCHOOL IS AND INDEPENDENT CHARTER HIGH SCHOOL WITH THE PRIMARY PURPOSE TO PROVIDE EDUCATION WITH UNQUIE SUPPORT SERVICE TO FACILITATE THIS GOAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Venditti CEO | Officer | 40 | $271,188 |
Patrick Field Chief Acad. Officer | 40 | $192,471 | |
Brian Mccrane It Director | 40 | $180,896 | |
Eugenia Koo Assistant Principal | 40 | $123,595 | |
Cynthia A Marelia Presidnet | Trustee | 5 | $0 |
Michele Krajewski Vice Presidnet | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Energy Managment Services Utilites | 6/29/22 | $295,530 |
Arsenal Business Services Real Estate Services | 6/29/22 | $506,312 |
Omnivest Managment Llc Managment Services | 6/29/22 | $133,317 |
Nutrition Group Food Servoce | 6/29/22 | $497,953 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,515,515 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,515,515 |
| Total Program Service Revenue | $18,574,122 |
| Investment income | $434 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $24,090,071 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,833,343 |
| Pension plan accruals and contributions | $1,733,277 |
| Other employee benefits | $1,903,213 |
| Payroll taxes | $655,945 |
| Fees for services: Management | $133,317 |
| Fees for services: Legal | $24,976 |
| Fees for services: Accounting | $30,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $127,508 |
| Information technology | $357,169 |
| Royalties | $0 |
| Occupancy | $1,253,586 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $434,592 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,628,946 |
| Insurance | $203,364 |
| All other expenses | $0 |
| Total functional expenses | $19,122,579 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,204,033 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,802,866 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $596,651 |
| Net Land, buildings, and equipment | $35,736,445 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $515,713 |
| Other assets | $761,000 |
| Total assets | $47,616,708 |
| Accounts payable and accrued expenses | $2,221,583 |
| Grants payable | $0 |
| Deferred revenue | $207,413 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $13,833,995 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $18,938,445 |
| Total liabilities | $35,201,436 |
| Net assets without donor restrictions | $12,415,272 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $47,616,708 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Franklintown Charter High School has recieved totaling $191.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $191 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rye Country Day School Rye, NY | $168,719,071 | $53,917,933 |
Pennsylvania Leadership Charter Schools West Chester, PA | $90,879,263 | $65,797,836 |
Hawken School Gates Mills, OH | $144,772,582 | $45,602,433 |
The Public School Of Germantown Fort Washington, PA | $151,608,543 | $52,601,237 |
Peddie School Hightstown, NJ | $613,419,387 | $58,126,453 |
William Penn Charter School Inc Philadelphia, PA | $232,730,859 | $59,443,641 |
Trevor Day School New York, NY | $179,718,336 | $48,695,331 |
International College-Beirut Lebanon New York, NY | $209,567,353 | $51,574,911 |
Montclair Kimberly Academy Foundation Montclair, NJ | $86,504,754 | $51,589,426 |
Bullis School Inc Potomac, MD | $98,208,716 | $48,486,298 |
Princeton Day School Inc Princeton, NJ | $166,237,830 | $58,529,058 |
Nightingale-Bamford School New York, NY | $159,201,980 | $40,384,072 |