2023-05-15T14:41:46-05:00 2022-06-30 223008776 HAEFELE FLANAGAN & CO PC 1000 S LENOLA ROAD MAPLE SHADE NJ 08052 990 2021-07-01 233048397 MARIANA BRACETTI ACADEMY CHARTER SCHOOL MARI 2152914436 1840 TORRESDALE AVE PHILADELPHIA PA 19124 ANGELA VILLANI CEO 2152914436 2023-05-12 1 ANGELA VILLANI XXX-XX-XXXX DAVID J GILL JR P00935081 8567225300 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z ANGELA VILLANI 1840 TORRESDALE AVE PHILADELPHIA PA 19124 29100605 0 X WWW.MBACS.ORG X 2000 PA THE OBJECTIVES AND PURPOSES OF THE SCHOOL ARE TO (1) FOSTER QUALITY PUBLIC EDUCATION AND TO ADVANCE THE INTERESTS OF PUBLIC SCHOOL STUDENTS THROUGH THE PROMOTION AND ADVOCACY OF COMMUNITY SCHOOLS, (2) TO STIMULATE THE DEVELOPMENT OF INNOVATIVE PROGRAMS IN PUBLIC EDUCATION, (3) TO PROVIDE OPPORTUNITIES FOR INNOVATIVE LEARNING AND ASSESSMENTS, (4) TO PROVIDE PARENTS AND STUDENTS WITH GREATER OPTIONS IN CHOOSING A SCHOOL WITHIN PHILADELPHIA COUNTY, AND (5) TO HOLD TEACHERS, PARENTS, AND SCHOOL ADMINISTRATORS ACCOUNTABLE FOR THE STUDENT EDUCATIONAL PROCESS. THE SCHOOL IS INCORPORATED UNDER THE NONPROFIT CORPORATION LAW OF 1988, AS AMENDED, OF THE COMMONWEALTH OF PA, AND SHALL BE ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC, LITERACY, AND EDUCATIONAL PURPOSES PERMITTED WITHIN THE SCOPE OF SECTION 501C3 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED, INCLUDING THE PURPOSES SPECIFIED IN ACT NO 1997-22 OF THE GENERAL ASSEMBLY OF PA. 10 10 203 0 0 0 3226124 5672730 22271860 23300165 785 3109 110990 124601 25609759 29100605 0 0 0 0 14263466 16651962 0 0 0 7421510 8880121 21684976 25532083 3924783 3568522 57993630 61972583 64702754 65113185 -6709124 -3140602 X THE OBJECTIVES AND PURPOSES OF THE SCHOOL ARE TO (1) FOSTER QUALITY PUBLIC EDUCATION AND TO ADVANCE THE INTERESTS OF PUBLIC SCHOOL STUDENTS THROUGH THE PROMOTION AND ADVOCACY OF COMMUNITY SCHOOLS, (2) TO STIMULATE THE DEVELOPMENT OF INNOVATIVE PROGRAMS IN PUBLIC EDUCATION, (3) TO PROVIDE OPPORTUNITIES FOR INNOVATIVE LEARNING AND ASSESSMENTS, (4) TO PROVIDE PARENTS AND STUDENTS WITH GREATER OPTIONS IN CHOOSING A SCHOOL WITHIN PHILADELPHIA COUNTY, AND (5) TO HOLD TEACHERS, PARENTS, AND SCHOOL ADMINISTRATORS ACCOUNTABLE FOR THE STUDENT EDUCATIONAL PROCESS. THE SCHOOL IS INCORPORATED UNDER THE NONPROFIT CORPORATION LAW OF 1988, AS AMENDED, OF THE COMMONWEALTH OF PA, AND SHALL BE ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC, LITERACY, AND EDUCATIONAL PURPOSES PERMITTED WITHIN THE SCOPE OF SECTION 501C3 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED, INCLUDING THE PURPOSES SPECIFIED IN ACT NO 1997-22 OF THE GENERAL ASSEMBLY OF PA. 0 0 16593093 25532083 THE OBJECTIVES AND PURPOSES OF THE SCHOOL ARE TO (1) FOSTER QUALITY PUBLIC EDUCATION AND TO ADVANCE THE INTERESTS OF PUBLIC SCHOOL STUDENTS THROUGH THE PROMOTION AND ADVOCACY OF COMMUNITY SCHOOLS, (2) TO STIMULATE THE DEVELOPMENT OF INNOVATIVE PROGRAMS IN PUBLIC EDUCATION, (3) TO PROVIDE OPPORTUNITIES FOR INNOVATIVE LEARNING AND ASSESSMENTS, (4) TO PROVIDE PARENTS AND STUDENTS WITH GREATER OPTIONS IN CHOOSING A SCHOOL WITHIN PHILADELPHIA COUNTY, AND (5) TO HOLD TEACHERS, PARENTS, AND SCHOOL ADMINISTRATORS ACCOUNTABLE FOR THE STUDENT EDUCATIONAL PROCESS. THE SCHOOL IS INCORPORATED UNDER THE NONPROFIT CORPORATION LAW OF 1988, AS AMENDED, OF THE COMMONWEALTH OF PA, AND SHALL BE ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC, LITERACY, AND EDUCATIONAL PURPOSES PERMITTED WITHIN THE SCOPE OF SECTION 501C3 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED, INCLUDING THE PURPOSES SPECIFIED IN ACT NO 1997-22 OF THE GENERAL ASSEMBLY OF PA. 16593093 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 29 0 1 203 1 0 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X SANTILLI & THOMSON LLC 8565051300 601 ROUTE 73 NORTH MARLTON NJ 08053 ARLENE HOLTZ PRESIDENT 1.00 X X 0 0 0 JENEE CHIZICK SECRETARY 1.00 X X 0 0 0 CELESTE HAGERTY MEMBER 1.00 X 0 0 0 ANA-RITA MAYOL MEMBER 1.00 X 0 0 0 ROSALIE GUZOFSKY MEMBER 1.00 X 0 0 0 LEAH MURPHY MEMBER 1.00 X 0 0 0 SELENA CARR MEMBER 1.00 X 0 0 0 BRIAN FOLEY MEMBER 1.00 X 0 0 0 TARA SMITH MEMBER 1.00 X 0 0 0 JORGE SANTIAGO TREASURER 1.00 X X 0 0 0 ANGELA VILLANI CEO 40.00 X 213018 0 98305 JANA SOMMA PRINCIPAL 40.00 X 163495 0 81108 ADRIENNE DAVIDS ASSISTANT PRINCIPAL 40.00 X 131199 0 70244 ANDREW BOGLIOLI ASSISTANT PRINCIPAL 40.00 X 124407 0 68493 DAVID NOVEMBER ASSISTANT PRINCIPAL 40.00 X 102197 0 54570 KRISTEN CRAIG ASSISTANT PRINCIPAL 40.00 X 101381 0 59545 STEPHANIE BUNGARD TEACHER 40.00 X 103959 0 35275 HEIDI DUNN TEACHER 40.00 X 101873 0 47956 TARA KELLY TEACHER 40.00 X 100283 0 41389 1141812 0 556885 9 1 1 0 MASCHIO'S FOOD SERVICE INC 525 E MAIN ST CHESTER NJ 07930 FOOD SERVICE 370932 TMS LLC PO BOX 1142 MARLTON NJ 08053 PROFESSIONAL SERVICES 361464 WB MASON CO INC 59 CENTRE ST BROCKTON MA 02301 FURNITURE AND GENERAL SUPPLIES 262717 SPEECH PATHOLOGY CONSULTANTS INC 350 SENTRY PKWY BLDG 630 STE 100B BLUE BELL PA 19422 PROFESSIONAL SERVICES 196812 THE PA DEPARTMENT OF EDUCATION 333 MARKET ST HARRISBURG PA 17126 APPROVED PRIVATE SCHOOLS 164741 9 5672730 5672730 LOCAL EDUCATIONAL SUBSIDIES 611600 22894224 22894224 STATE SOURCES 611600 376518 376518 LOCAL SOURCES 611600 29423 29423 23300165 3109 3109 OTHER REVENUE 611600 124601 124601 124601 29100605 23424766 0 3109 11613899 9207508 2406391 1588395 1164546 423849 2535716 1970349 565367 913952 737496 176456 134950 134950 94574 94574 29000 29000 1376763 1197111 179652 300 300 50605 50605 397229 216810 180419 208969 208969 10440 10427 13 28201 28201 2176038 2176038 2004591 257671 1746920 136414 136414 FOOD SERVICE PROGRAM 821428 821428 MAINTENANCE & REPAIRS 342557 342557 GENERAL SUPPLIES 341979 115457 226522 TUITION - APS 234099 234099 491984 372416 119568 25532083 16593093 8938990 0 X 591983 2312136 6117638 7040892 1119191 1359498 344870 92933 52937941 6405458 46513422 46532483 3306526 4634641 57993630 61972583 305040 438890 162917 337873 64234797 64336422 64702754 65113185 X -6709124 -3140602 -6709124 -3140602 57993630 61972583 3568522 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 820991 496360 324631 3812203 2474380 1337823 48304747 3434718 44870029 46532483 DEFERRED OUTFLOWS 4634641 4634641 SETTLEMENT TRUSTS 25700 OPEB LIABILITY 967000 ACCRUED PAYROLL AND BENEFITS 1914837 DEFERRED INFLOWS 2939000 PENSION LIABILITY 16792000 LEASE LIABILITIES 41697885 64336422 X 29100605 0 29100605 0 29100605 25532083 0 25532083 0 25532083 PART X, LINE 2: THE COMPANY IS A NOT-FOR-PROFIT ORGANIZATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501 (C) (3) OF THE INTERNAL REVENUE CODE AND CLASSIFIED BY THE INTERNAL REVENUE SERVICE AS OTHER THAN A PRIVATE FOUNDATION. THE COMMONWEALTH OF PENNSYLVANIA ALSO RECOGNIZES THE COMPANY AS TAX-EXEMPT. THE COMPANY FOLLOWS THE ACCOUNTING GUIDANCE FOR UNCERTAINTY IN INCOME TAXES, WHICH PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN AND ALSO PROVIDES GUIDANCE ON VARIOUS RELATED MATTERS SUCH AS DERECOGNITION, INTEREST, PENALTIES, AND DISCLOSURES REQUIRED. THE COMPANY BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITION TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE COMPANY'S FEDERAL EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURNS (FORM 990) FOR 2021, 2020, AND 2019 ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY THREE YEARS AFTER THEY WERE FILED. SCH D, PAGE 3, PART X, LINE 2 THE COMPANY IS A NOT-FOR-PROFIT ORGANIZATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501 (C) (3) OF THE INTERNAL REVENUE CODE AND CLASSIFIED BY THE INTERNAL REVENUE SERVICE AS OTHER THAN A PRIVATE FOUNDATION. THE COMMONWEALTH OF PENNSYLVANIA ALSO RECOGNIZES THE COMPANY AS TAX-EXEMPT. THE COMPANY FOLLOWS THE ACCOUNTING GUIDANCE FOR UNCERTAINTY IN INCOME TAXES, WHICH PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN AND ALSO PROVIDES GUIDANCE ON VARIOUS RELATED MATTERS SUCH AS DERECOGNITION, INTEREST, PENALTIES, AND DISCLOSURES REQUIRED. THE COMPANY BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITION TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE COMPANY'S FEDERAL EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURNS (FORM 990) FOR 2021, 2020, AND 2019 ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY THREE YEARS AFTER THEY WERE FILED. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 0 SCHEDULE E, PART I, LINE 3 CHARTER SCHOOL LAW PROHIBITS DISCRIMINATION SCHEDULE E, PART I, LINE 6 CHARTER SCHOOL RECEIVED REVENUES FROM LOCAL SCHOOL DISTRICTS AS WELL AS STATE AND FEDERAL AGENCIES X 0 0 0 0 0 0 0 0 0 ANGELA VILLANI CEO 213018 0 0 0 0 0 74030 0 24275 0 311323 0 0 0 JANA SOMMA PRINCIPAL 163495 0 0 0 0 0 56833 0 24275 0 244603 0 0 0 ADRIENNE DAVIDS ASSISTANT PRINCIPAL 131199 0 0 0 0 0 45969 0 24275 0 201443 0 0 0 ANDREW BOGLIOLI ASSISTANT PRINCIPAL 124407 0 0 0 0 0 44218 0 24275 0 192900 0 0 0 KRISTEN CRAIG ASSISTANT PRINCIPAL 101381 0 0 0 0 0 35270 0 24275 0 160926 0 0 0 DAVID NOVEMBER ASSISTANT PRINCIPAL 102197 0 0 0 0 0 35532 0 19038 0 156767 0 0 0 FORM 990, PART VI, SECTION A, LINE 3 SANTILLI & THOMSON LLC PROCESSES ACCOUNTS PAYABLE, PREPARES BUDGETS AND FINANCIAL STATEMENTS AND ASSISTS WITH THE ANNUAL AUDITS AND TAX RETURNS FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF TRUSTEES WILL REVIEW WITH THE BUSINESS MANAGER PRIOR TO FILING THE FORM 990 FORM 990, PART VI, SECTION B, LINE 12C ORGANIZATION REVIEWS STATEMENTS OF FINANCIAL INTEREST THAT ARE FILED BY EACH BOARD MEMBER ON AN ANNUAL BASIS FOR ANY POTENTIAL CONFLICTS FORM 990, PART VI, SECTION B, LINE 15 ORGANIZATION HAS A COMMITTEE ON THE BOARD WHO REVIEWS AND EVALUATES THE COMPENSATION OF ALL EMPLOYEES FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART X EFFECTIVE JULY 1, 2021, THE SCHOOL ADOPTED THE PROVISIONS OF GASB 87. AS A RESULT, THE BALANCE SHEET NOW REFLECTS LEASE RIGHT-OF-USE ASSETS WITHIN LAND, BUILDING, AND EQUIPMENT AND LEASE LIABILITIES WITHIN OTHER LIABILITIES. THE PRIOR YEAR BALANCE SHEET WAS ADJUSTED TO REFLECT RETROACTIVE ADJUSTMENTS. FORM 990 PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR. BRAZO DE ORO CHILDRENS FOUNDATION 1840 TORRESDALE AVE PHILADELPHIA PA 19124 943456074 SUPPORT CHARTER SCHOOL IN PROVIDING EDUCATION TO STUDENTS K THROUGH 12 PA 501(C)(3) LINE 12B, II N/A 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 BRAZO DE ORO CHILDRENS FOUNDATION D 41715000 ACTUAL BRAZO DE ORO CHILDRENS FOUNDATION K 2714480 ACTUAL BRAZO DE ORO CHILDRENS FOUNDATION K 1500000 ACTUAL BRAZO DE ORO CHILDRENS FOUNDATION K 41697885 PV OF REMAINING LEASE LIABILITY