2018-05-14T07:04:18-05:00 2017-06-30 270710060 CANTOR NOVAK BEAVER & PIKE PC 41 University Drive Newtown PA 18940 990 2016-07-01 233048397 MARIANA BRACETTI ACADEMY CHARTER SCHOOL MARI 2152914436 1840 TORRESDALE AVENUE PHILADELPHIA PA 19124 ANGELA VILLANI CEO 2152914436 2018-05-08 1 DANIEL D PIKE CPA P00776654 2155502952 100.34.111.34 2018-05-08 07:31:38 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 4893761F0F89E0F251C3FCBA9AB367AA5DADA14F 2016 2021-01-29 14:40:06Z ANGELA VILLANI 1840 TORRESDALE AVENUE PHILADELPHIA PA 19124 16202023 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. 8 8 133 0 0 0 2159825 2248553 12205828 13750722 264 991 43265 201757 14409182 16202023 0 0 0 0 8912864 9780668 0 0 0 6094621 6381428 15007485 16162096 -598303 39927 6788919 9109928 23018883 25299965 -16229964 -16190037 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 12962891 13953470 CHARTER SCHOOL PROVIDING EDUCATIONAL INSTRUCTION TO STUDENTS IN THE CITY OF PHILADELPHIA. 12962891 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 1 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 46 0 1 133 1 0 0 0 0 0 0 0 0 X 8 8 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X SANTILLI & THOMSON LLC 8565051300 FOUR GREENTREE CENTER 601 ROUTE 73 MARLTON NJ 08053 DR ARLENE HOLTZ BOARD CHAIR 3.00 X 0 0 0 TRACY ELIZABETH-CLAY BOARD VICE CHAIR 3.00 X 0 0 0 JENEE CHIZICK BOARD SECRETARY 3.00 X 0 0 0 DR JORGE SANTIAGO-AVILES BOARD TREASURER 3.00 X 0 0 0 CARMEN CRUZ 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 TARA R BUCKLEY BOARD MEMBER 3.00 X 0 0 0 ELISA ROCHE-RODRIGUES - UNTIL 11916 BOARD MEMBER 3.00 X 0 0 0 ANGELA VILLANI CEO 40.00 X 177289 0 71321 RONALD NORDMEYER COO 40.00 X 141105 0 61013 JANA SOMMA PRINCIPAL 40.00 X 134418 0 60174 ANDREW BOGLIOLI ASSISTANT PRINCIPAL 40.00 X 100294 0 50508 ADRIENNE DAVIDS ASSISTANT PRINCIPAL 40.00 X 105654 0 52049 658760 0 295065 5 0 1 0 MASCHIO'S FOOD SERVICE 525 EAST MAIN STREET CHESTER NJ 07930 FOOD SERVICE 545685 KFS INC EDUCATION DIVISION 940 E HAVERFORD ROAD 102 BRYN MAWR PA 19010 EDUCATION 299415 LATSHA DAVIS & MCKENNA 350 EAGLEVIEW BLVD SUITE 100 EXTON PA 19341 LEGAL 175069 TMS LLC PO BOX 1142 MARLTON NJ 08053 TECHNOLOGY 143372 ACS CONSULTANTS INC 100 WEST SECOND STREET SUITE 200 HUMMELSTOWN PA 17036 HEALTH 110009 5 38238 2183370 26945 2248553 School District of Philadelphia S 611710 13664516 13664516 Food Service 611710 44206 44206 Student Activities 611710 41274 41274 School Store 611710 526 526 Summer School 611710 200 200 13750722 991 991 600 0 600 600 600 0 38238 0 0 Insurance Proceeds 900099 179934 179934 Refund of Prior Year Expend. 900099 21223 21223 201157 16202023 13953470 0 0 450728 450728 6094559 5204780 889779 1283604 1065591 218013 1420798 1199360 221438 530979 445710 85269 55729 55729 160373 115027 45346 41400 41400 1246853 1105232 141621 42060 42060 299683 129600 170083 10250 7965 2285 2864618 2291694 572924 72087 71068 1019 34247 15744 18503 49103 49103 177766 105113 72653 124582 40389 84193 Food Service 564925 564925 Tuition 359556 359556 Books and Instructional 184638 184638 Telephone 55603 55603 37955 7396 30559 16162096 12962891 3199205 0 850850 1606968 1687096 702763 605846 600280 2266 363454 44229 3038 32523 41626 2223750 1769247 333659 454503 3232450 5337296 6788919 9109928 1245806 1368241 31186 0 21741891 23931724 23018883 25299965 X -16229964 -16190037 -16229964 -16190037 6788919 9109928 39927 0 X X 0 1 X 1 1 1 X 553577 266985 286592 619998 499222 120776 1050175 1003040 47135 454503 Deferred Outflows of Resources - PENSION PLAN 3341488 Due from Component Unit 1995808 5337296 Deferred Inflows of Resources - PENSION PLAN 3041820 Net Pension Liability 20021000 Straight-Line Rent Liability 868904 23931724 X 16202023 0 16202023 0 16202023 16162096 0 16162096 0 16162096 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, 2017, 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. NONE X 0 0 0 0 0 0 0 0 0 ANGELA VILLANI CEO 177289 0 0 0 0 0 49456 0 21865 0 248610 0 0 0 RONALD NORDMEYER COO 141105 0 0 0 0 0 39377 0 21636 0 202118 0 0 0 JANA SOMMA PRINCIPAL 134418 0 0 0 0 0 37530 0 22644 0 194592 0 0 0 ANDREW BOGLIOLI ASSISTANT PRINCIPAL 100294 0 0 0 0 0 28107 0 22401 0 150802 0 0 0 ADRIENNE DAVIDS ASSISTANT PRINCIPAL 105654 0 0 0 0 0 29613 0 22436 0 157703 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 OPERATING 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 1995808 RECEIVABLE AT COST BRAZO DE ORO CHILDREN'S FOUNDATION D 23610000 DEBT GUARANTEE AT COST BRAZO DE ORO CHILDREN'S FOUNDATION K 2333905 RENT AT COST