2021-05-17T14:38:48-05:00 2020-06-30 131639826 EISNERAMPER LLP 28 S CENTRE STREET MERCHANTVILLE NJ 08109 990 2019-07-01 233048397 MARIANA BRACETTI ACADEMY CHARTER SCHOOL MARI 2152914436 1840 TORRESDALE AVENUE PHILADELPHIA PA 19124 ANGELA VILLANI CEO 2152914436 2021-05-11 1 FRANCES E SPERLING CPA P00958279 8564825600 2021-05-11 2019 2022-09-23 18:48:47Z ANGELA VILLANI 1840 TORRESDALE AVENUE PHILADELPHIA PA 19124 21374764 0 X WWW.MBACS.ORG X 2000 PA THE OBJECTIVES AND PURPOSES OF THE SCHOOL ARE (1) TO FOSTER QUALITY PUBLIC EDUCATION AND TO ADVANCE THE INTERESTSOF PUBLIC SCHOOL STUDENTS THROUGH THE PROMOTION AND ADVOCACY OF COMMUNITY SCHOOLS, (2) TO STIMULATE THEDEVELOPMENT OF INNOVATIVE PROGRAMS IN PUBLIC EDUCATION, (3) TO PROVIDE OPPORTUNITIES FOR INNOVATIVE LEARNING ANDASSESSMENTS, (4) TO PROVIDE PARENTS AND STUDENTS WITH GREATER OPTIONS IN CHOOSING A SCHOOL WITHIN PHILADELPHIACOUNTY, 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 PENNSYLVANIA, AND SHALL BE ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES PERMITTED WITHIN THE SCOPE OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED, INCLUDING THE PURPOSES SPECIFIED IN ACT NO 1997-22 OF THE GENERAL ASSEMBLY OF PA 9 9 142 0 0 0 2515634 2677356 15858710 18650368 30759 30804 20527 16236 18425630 21374764 0 0 0 0 10178761 12283769 0 0 0 5822131 5719061 16000892 18002830 2424738 3371934 9359306 12320659 23365147 22954568 -14005841 -10633909 X THE OBJECTIVES AND PURPOSES OF THE SCHOOL ARE (1) TO FOSTER QUALITY PUBLIC EDUCATION AND TO ADVANCE THE INTERESTS OF PUBLICSCHOOL STUDENTS THROUGH THE PROMOTION AND ADVOCACY OF COMMUNITY SCHOOLS, (2) TO STIMULATE THE DEVELOPMENT OF INNOVATIVEPROGRAMS 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 PENNSYLVANIA, AND SHALL BE ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES PERMITTED WITHIN THE SCOPE OF SECTION 501(C)(3) 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 13399669 18697408 THE OBJECTIVES AND PURPOSES OF THE SCHOOL ARE (1) TO 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 PENNSYLVANIA, AND SHALL BE ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES PERMITTED WITHIN THE SCOPE OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, ASAMENDED, INCLUDING THE PURPOSES SPECIFIED IN ACT NO 1997-22 OF THE GENERAL ASSEMBLY OF PA 13399669 1 0 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 37 0 1 142 1 0 0 0 0 0 0 0 0 0 0 X 9 9 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X X SANTILLI & THOMSON LLC 8565051300 601 ROUTE 73 NORTH SUITE 302 MARLTON NJ 08053 ARLENE HOLTZ PRESIDENT 1.00 X 0 0 0 JORGE SANTIAGO-AVILES TREASURER 1.00 X 0 0 0 JENEE CHIZICK SECRETARY 1.00 X 0 0 0 CELSTINE 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 ANSIL MELENDEZ NON-VOTING PARENT REP 1.00 X 0 0 0 BRIAN FOLEY MEMBER AS OF 5-6-20 1.00 X 0 0 0 ANA CITLALIC GONZALEZ MEMBER AS OF 5-6-20 1.00 X 0 0 0 SELENA CARR MEMBER AS OF 5-6-20 1.00 X 0 0 0 ANGELA VILLANI CEO 40.00 X 199084 0 89519 JANA SOMMA EMPLOYEE 40.00 X 150805 0 74358 ANDREW BOGLIOLI EMPLOYEE 40.00 X 114135 0 62859 ADRIENNE DAVIDS EMPLOYEE 40.00 X 121832 0 64895 585856 0 291631 4 0 1 0 INDEPENDENCE BLUE CROSS 1901 MARKET ST PHILADELPHIA PA 19103 MEDICAL INSURANCE 1510511 MASCHIO'S FOOD SERVICE INC 525 E MAIN STREET CHESTER PA 07930 FOOD SERVICES 525117 TMS LLC 137 TRACY PL HACKENSACK NJ 07601 TECHNOLOGY SERVICES & SUPPLIES 483932 GREAT AMERICAN INSURANCE CO 103 CARNEGIE CENTER DR 207 PRINCETON NJ 08540 GENERAL LIABILITY INSURANCE 162900 SPEECH PATHOLOGY CONSULTANTS INC 350 SENTRY PKWY BLUE BELL PA 19422 CONSULTING 160187 9 2427455 249901 2677356 SCHOOL DISTRICT REVENUE 611110 18636648 18636648 FOOD SERVICE REVENUE 611110 13720 13720 18650368 30804 30804 MISCELLANEOUS REVENUE 900099 16236 16236 16236 21374764 18697408 0 0 204978 204978 8199287 6059101 2140186 1353251 894805 458446 1846933 1318223 528710 679320 484084 195236 91656 71701 19955 37000 37000 770658 465712 304946 150 150 287761 121131 166630 2824587 2569838 254749 8531 32 8499 125122 59465 65657 120286 41020 79266 FOOD SERVICE EXPENSES 647781 647781 TUITION 348180 348180 BOOKS AND PERIODICALS 187843 187524 319 TRANSPORTATION 98946 98946 170560 32126 138434 18002830 13399669 4603161 0 430496 709217 3619127 2481084 405950 914992 703 184576 3252995 3247139 2171165 409419 1075974 4309738 3885694 9359306 12320659 1050317 333102 50346 278884 22264484 22342582 23365147 22954568 X -14005841 -10633909 -14005841 -10633909 9359306 12320659 X 3371934 -2 X X 0 1 X 1 1 1 X 628757 402884 225873 2618382 1768281 850101 1075974 OTHER ASSETS 1095 DEFERRED OUTFLOWS TO PENSIONS 2133177 DUE FROM FOUNDATION 1751422 3885694 ACCRUED SALARIES AND BENEFITS 1505342 DEFERRED RENT 1135493 DEFERRED INFLOWS RELATED TO PENSIONS 1831047 NET PENSION LIABILITY 17076000 NET OPEB LIABILITY 776000 OTHER PAYABLES 18700 22342582 X 21374764 0 21374764 0 21374764 18002830 0 18002830 0 18002830 PART X, LINE 2: THE SCHOOL ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN WHICH TAX POSITIONS INITIALLY NEED TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS WHEN IT IS MORE LIKELY THAN NOT THAT THE TAX POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY THE TAXING AUTHORITIES. AS OF JUNE 30, 2020, THE SCHOOL HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFIED FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. ADDITIONALLY, THERE WERE NO INTEREST AND PENALTIES RELATED TO INCOME TAXES. THE SCHOOL FILES FEDERAL FORM 990 (RETURN OF ORGANIZATION EXEMPT FROM TAX). WITH FEW EXCEPTIONS THEY ARE NO LONGER SUBJECT TO FEDERAL AND STATE TAX EXAMINATIONS BY TAXING AUTHORITIES FOR YEARS BEFORE FISCAL YEAR ENDED JUNE 30, 2017. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 CHARTER SCHOOL LAW PROHIBITS DISCRIMINATION SCHEDULE E, PART I, LINE 6 CHARTER SCHOOL RECEIVES VARIOUS 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 199084 0 0 0 0 0 66283 0 23236 0 288603 0 0 0 JANA SOMMA EMPLOYEE 150805 0 0 0 0 0 51122 0 23236 0 225163 0 0 0 ANDREW BOGLIOLI EMPLOYEE 114135 0 0 0 0 0 39623 0 23236 0 176994 0 0 0 ADRIENNE DAVIDS EMPLOYEE 121832 0 0 0 0 0 41659 0 23236 0 186727 0 0 0 FORM 990, PART VI, SECTION A, LINE 3 BUSINESS MANAGEMENT DUTIES ARE PERFORMED BY SANTILLI & THOMPSON, LLC. FORM 990, PART VI, SECTION B, LINE 11B PAID PREPARER PRESENTS THE IRS FORM 990 TO THE BOARD OF TRUSTEES AND EXPLAINS THE FORM TO THEM, THEN ASKS THAT THE REVIEW THE FORM IN DETAIL PRIOR TO SIGNING AND FILING. 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 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. THE SCHOOL'S AUDIT AND FINANCE COMMITTEE REVIEWS THE AUDITED FINANCIAL STATEMENT PRIOR TO IT BEING FINALIZED TO ENSURE IT IS COMPLETE AND FREE OF ERRORS. 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 XI, LINE 9: ROUNDING -2. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. BRAZO DE ORO CHILDREN'S FOUNDATION 1840 TORRESDALE AVENUE PHILADELPHIA PA 19124 943456074 SUPPORT MARIANA BRACETTI ACADEMY CHARTER SCHOOL PA 501(C)(3) LINE 12B, II 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 BRAZO DE ORO CHILDREN'S FOUNDATION D 1751422 LOAN BALANCE BRAZO DE ORO CHILDREN'S FOUNDATION K 2338458 RENTS PAID BRAZO DE ORO CHILDREN'S FOUNDATION D 22555000 LOAN GUARANTEE BRAZO DE ORO CHILDREN'S FOUNDATION D 3000000 PREPAID RENT