2020-05-14T11:28:11-05:00 2019-06-30 270710060 CANTOR NOVAK BEAVER & PIKE PC 41 UNIVERSITY DRIVE NEWTOWN PA 18940 990 2018-07-01 233048397 MARIANA BRACETTI ACADEMY CHARTER SCHOOL MARI 2152914436 1840 TORRESDALE AVENUE PHILADELPHIA PA 19124 ANGELA VILLANI CEO 2152914436 2020-05-14 1 DANIEL D PIKE CPA P00776654 2155502952 68.83.127.79 2020-05-14 11:28:07 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 4893761F0F89E0F251C3FCBA9AB367AA5DADA14F 2018 2020-09-23 17:36:50Z ANGELA VILLANI 1840 TORRESDALE AVENUE PHILADELPHIA PA 19124 18425630 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 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. 10 10 133 0 0 0 2337791 2515634 13803484 15858710 7583 30759 77950 20527 16226808 18425630 0 0 0 0 9763175 10178761 0 0 0 5834375 5822131 15597550 16000892 629258 2424738 8317804 9359306 24748383 23365147 -16430579 -14005841 X 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. 0 0 13026308 15909996 CHARTER SCHOOL PROVIDING EDUCATIONAL INSTRUCTION TO STUDENTS IN THE CITY OF PHILADELPHIA. 13026308 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 1 133 1 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 X SANTILLI & THOMSON LLC 8565051300 601 ROUTE 73 N SUITE 302 MARLTON NJ 08053 DR ARLENE HOLTZ BOARD PRESIDENT 3.00 X X 0 0 0 TRACY ELIZABETH-CLAY BOARD VICE PRESIDENT 3.00 X X 0 0 0 JENEE CHIZICK BOARD SECRETARY 3.00 X X 0 0 0 DR JORGE SANTIAGO-AVILES BOARD TREASURER 3.00 X X 0 0 0 CELESTINE HAGERTY BOARD MEMBER 3.00 X 0 0 0 TARA SMITH BOARD MEMBER 3.00 X 0 0 0 CARRIE NASE-POUST BOARD MEMBER 3.00 X 0 0 0 ANA-RITA MAYOL BOARD MEMBER 3.00 X 0 0 0 AISLING MURPHY BOARD MEMBER 3.00 X 0 0 0 ROSALIE GUZOFSKY BOARD MEMBER 3.00 X 0 0 0 ANGELA VILLANI CEO 40.00 X 182744 0 83435 JANA SOMMA PRINCIPAL 40.00 X 146123 0 71347 ANDREW BOGLIOLI ASSISTANT PRINCIPAL 40.00 X 119487 0 63380 ADRIENNE DAVIDS ASSISTANT PRINCIPAL 40.00 X 123083 0 64488 571437 0 282650 4 0 1 0 MASCHIO'S FOOD SERVICE 525 EAST MAIN STREET CHESTER NJ 07930 FOOD SERVICE 507726 TMS LLC PO BOX 1142 MARLTON NJ 08053 TECHNOLOGY 163231 KALEIDOSCOPE EDUCATION SERVICES 950 E HAVERFORD RD 100B BRYN MAWR PA 19010 EDUCATION 126303 ACS CONSULTANTS INC 100 WEST SECOND STREET SUITE 200 HUMMELSTOWN PA 17036 EDUCATION 116179 EBS HEALTHCARE 200 SKILES BLVD WEST CHESTER PA 19382 EDUCATION 110453 5 2506895 8739 2515634 SCHOOL DISTRICT OF PHILADELPHIA S 611710 15818298 15818298 FOOD SERVICE 611710 35796 35796 STUDENT ACTIVITIES 611710 4616 4616 15858710 30759 30759 REFUND OF PRIOR YEAR EXPEND. 900099 20527 20527 20527 18425630 15909996 0 0 274559 274559 7069835 6022630 1047205 517698 446033 71665 1742450 1542253 200197 574219 484883 89336 97885 1250 96635 80327 54211 26116 25600 25600 825248 696450 128798 53419 53419 159396 86385 73011 116300 12642 103658 3018274 2414619 603655 61390 60509 881 30476 16038 14438 47 47 113951 98742 15209 118119 33829 84290 FOOD SERVICE 569414 569414 TUITION 370412 370412 BOOKS AND INSTRUCTIONAL 113396 113373 23 TELEPHONE 60195 60195 8282 2635 5647 16000892 13026308 2974584 0 720972 430496 2069388 3619127 590580 405950 25101 0 94309 184576 2455462 2046043 413916 409419 4403538 4309738 8317804 9359306 1099994 1050317 37162 50346 23611227 22264484 24748383 23365147 X -16430579 -14005841 -16430579 -14005841 8317804 9359306 2424738 0 X X 0 1 X 1 1 1 X 602770 380090 222680 802518 634233 168285 1050174 1031720 18454 409419 DEFERRED OUTFLOWS OF RESOURCES 2476854 DUE FROM COMPONENT UNIT 1832884 4309738 DEFERRED INFLOWS OF RESOURCES 2983708 NET PENSION LIABILITY 17474000 STRAIGHT-LINE RENT LIABILITY 1047776 OPEB LIABILITY 759000 22264484 X 18425630 0 18425630 0 18425630 16000892 0 16000892 0 16000892 PART X, LINE 2: THE SCHOOL IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, EXCEPT ON NET INCOME DERIVED FROM UNRELATED BUSINESS ACTIVITIES. AT JUNE 30, 2019, THE SCHOOL HAS NO RECORDED TAX LIABILITY FOR UNRELATED BUSINESS ACTIVITY, AS IT DOES NOT BELIEVE IT IS INVOLVED IN ANY SUCH ACTIVITIES. THE SCHOOL BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 PROHIBITED BY CHARTER SCHOOL LAW TO DISCRIMINATE. POLICY IS ALSO WRITTEN IN THE STUDENT HANDBOOK AND THE EMPLOYEE HANDBOOK. SCHEDULE E, PART I, LINE 6 THE SCHOOL RECEIVES FEDERAL AWARDS, STATE EXPENSE REIMBURSEMENTS, AND PER PUPIL FUNDING FROM THE SCHOOL DISTRICT OF PHILADELPHIA. X 0 0 0 0 0 0 0 0 0 ANGELA VILLANI CEO 182744 0 0 0 0 0 60340 0 23095 0 266179 0 0 0 JANA SOMMA PRINCIPAL 146123 0 0 0 0 0 48252 0 23095 0 217470 0 0 0 ANDREW BOGLIOLI ASSISTANT PRINCIPAL 119487 0 0 0 0 0 40285 0 23095 0 182867 0 0 0 ADRIENNE DAVIDS ASSISTANT PRINCIPAL 123083 0 0 0 0 0 41393 0 23095 0 187571 0 0 0 FORM 990, PART VI, SECTION A, LINE 3 BUSINESS MANAGEMENT DUITIES ARE PERFORMED BY SANTILLI & THOMSON, LLC. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS PREPARED BY THE ORGANIZATION'S OUTSIDE CPA FIRM, REVIEWED BY THE BUSINESS OFFICE, AND PRESENTED TO THE FINANCE COMMITTEE BY THE SCHOOL'S CHIEF EXECUTIVE OFFICER. FORM 990, PART VI, SECTION B, LINE 12C ALL KEY EMPLOYEES AND BOARD MEMBERS ARE REQUIRED TO FILE A CONFLICT OF INTEREST POLICY ONCE A YEAR. IF ANY CONFLICTS ARISE, ALL INDIVIDUALS ARE REQUIRED TO REPORT SUCH CONFLICT INFORMATION. FORM 990, PART VI, SECTION B, LINE 15 COMPARISON IS MADE TO SALARIES AT OTHER CHARTER SCHOOLS. ALL SALARIES ARE APPROVED BY BOARD MEMBERS. FORM 990, PART VI, SECTION C, LINE 18 DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C THE PROCESS FOR ASSUMING RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF THE ORGANIZATION'S FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT BY THOSE CHARGED WITH GOVERNANCE HAS NOT CHANGED FROM THE PRIOR YEAR. BRAZO DE ORO CHILDRENS FOUNDATION 1840 TORRESDALE AVENUE PHILADELPHIA PA 19124 943456074 TO SUPPORT THE CHARTER SCHOOL IN ITS MISSION TO EDUCATION CHILDREN PA 501(C)(3) LINE 12A, I 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 1832884 RECEIVABLE AT COST BRAZO DE ORO CHILDREN'S FOUNDATION D 22930000 DEBT GUARANTEE AT COST BRAZO DE ORO CHILDREN'S FOUNDATION K 2381211 RENT AT COST