2024-05-15T14:07:03-05:00 2023-06-30 510229493 BARBACANE THORNTON & COMPANY LLP 503 CARR ROAD SUITE 100 WILMINGTON DE 19809 990 2022-07-01 300395239 BOYS LATIN FOUNDATION BOYS 2153875149 339 N 63RD STREET PHILADELPHIA PA 19139 COLLEEN SMITH CHIEF OPERATING OFFICER 2154703408 2024-05-15 COLLEEN SMITH 999009999 1 EDMUND FOSU-LARYEA CPA P02526016 3024798940 2024-05-15 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z COLLEEN SMITH 5501 CEDAR AVENUE PHILADELPHIA PA 19134 1249893 0 X N/A X 2007 PA THE MISSION OF BOYS LATIN FOUNDATION (THE FOUNDATION) IS TO PROVIDE EDUCATIONAL,ADMINISTRATIVE AND COMMUNITY SERVICES AND FACILITIES FOR THE BENEFIT OF BOYS LATINOF PHILADELPHIA CHARTER SCHOOL (THE SCHOOL). THE SCHOOL IS A RELATED 501(C)(3)PUBLIC CHARITY. 6 6 8 6 0 0 674088 569646 820186 680247 353 0 0 0 1494627 1249893 366750 0 0 0 720488 575281 43780 0 40270 269335 189985 1400353 765266 94274 484627 4941522 5376002 2119153 2069006 2822369 3306996 X THE MISSION OF BOYS LATIN FOUNDATION (THE FOUNDATION) IS TO PROVIDE EDUCATIONAL,ADMINISTRATIVE AND COMMUNITY SERVICES AND FACILITIES FOR THE BENEFIT OF BOYS LATINOF PHILADELPHIA CHARTER SCHOOL (THE SCHOOL). THE SCHOOL IS A RELATED 501(C)(3)PUBLIC CHARITY. 0 0 686237 676078 SUPPORT SERVICES: THE FOUNDATION SUPPORTS THE EFFORTS OF THE SCHOOL THROUGH DIRECT FINANCIAL SUPPORT AS WELL AS OWNING AND MAINTAINING THE FACILITY IN WHICH THE SCHOOL OPERATES. THE FOUNDATION CURRENTLY HAS A SHARED SERVICES AGREEMENT WITH THE SCHOOL IN WHICH THE FOUNDATION PROVIDES EDUCATION AND ADDITIONAL ADMINISTRATIVE SUPPORT SERVICES TO THE SCHOOL, FREEING UP THE SCHOOL TO FOCUS ON ITS PROGRAMMTIC EFFORTS. THE FOUNDATION HAS ALSO SUPPORTED THE SCHOOL IN FUNDING DEFERRED MAINTENANCE AS WELL AS FACILITY ENHANCEMENTS. 686237 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 1 0 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 0 0 1 8 1 0 0 0 0 0 0 0 0 0 0 0 0 X 6 6 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 PA X X CHARTER CHOICES 2154819777 222 N KEWICK AVENUE GLENSIDE PA 19038 R RICHARD WILLIAMS BOARD CHAIR 2.00 X 0 0 0 MARIANNE DEAN SECRETARY 2.00 X 0 0 0 DAVID HARDY BOARD MEMBER 2.00 X 0 0 0 STEVEN KEMPF BOARD MEMBER 2.00 X 0 0 0 DAVID MARTINELLI BOARD MEMBER 2.00 X 0 0 0 STEPHEN SMITH BOARD MEMBER 2.00 X 0 0 0 COLLEEN SMITH COO 40.00 X 124825 0 32451 124825 0 32451 1 0 1 0 0 569646 569646 SHARED SERVICE FESS 561000 576774 576774 RENTAL INCOME 531120 99304 99304 OTHER 561000 4169 4169 680247 1249893 680247 0 0 198950 173086 11936 13928 300778 261677 18048 21053 36094 31402 2165 2527 39459 34329 2368 2762 4242 4242 42091 42091 143652 143652 765266 686237 38759 40270 530769 1224693 133702 33500 53217 5081813 983721 4241744 4098092 1807 4941522 5376002 4672 4726 1024744 974028 1089737 1090252 2119153 2069006 X 2822369 3306996 2822369 3306996 4941522 5376002 484627 0 X X 0 1 X 1 0 X X 1 BOYS LATIN OF PHILADELPHIA CHARTER SCHOOL 203597185 2 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 PART IV, SECTION B, LINE 1 THE ORGANIZATION'S DIRECTOR OF OPERATIONS AND COO REPORT DIRECTLY TO BOTH THE ORGANIZATION'S BOARD AND THE CHARTER SCHOOL'S BOARD. IN ADDITION, FINANCIAL INFORMATION OF THE ORGANIZATION IS REPORTED TO THE CHARTER SCHOOL'S BOARD AT EACH MEETING OF THE BOARD. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1490524 1490524 3591289 983721 2607568 4098092 DUE TO BOYS LATIN CS 1090252 1090252 1249893 0 1249893 0 1249893 765266 0 765266 0 765266 PART X - FASB ASC 740 FOOTNOTE THE FOUNDATION RECOGNIZES AND MEASURES ITS UNRECOGNIZED TAX BENEFITS IN ACCORDANCE WITH FASB ASC 740, INCOME TAXES. USING THAT GUIDANCE, TAX POSITIONS INITIALLY NEED TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY THE TAXING AUTHORITIES. IT ALSO PROVIDES GUIDANCE FOR DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE, AND TRANSITION. AS OF JUNE 30, 2023, THE FOUNDATION HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFIED FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. ADDITIONALLY, THE FOUNDATION HAD NO INTEREST OR PENALTIES RELATED TO INCOME TAXES. 0 0 0 0 0 0 0 0 0 COLLEEN SMITH COO 124825 0 0 0 0 0 0 0 32451 0 157276 0 0 0 FORM 990, PART VI, SECTION A, LINE 8B THE FOUNDATION DOES NOT HAVE COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE BOARD, THEREFORE PER THE AVAILABLE INTERNAL REVENUE SERVICE INSTRUCTIONS THIS QUESTION HAD BEEN ANSWERED NO. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM. THE COO AND BOARD OF TRUSTEES REVIEW THE FORM 990 BEFORE IT IS SUBMITTED TO THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTERST POLICY APPLIES TO ALL MEMBERS OF THE BOARD OF TRUSTEES, OFFICERS AND EMPLOYEES OF THE FOUNDATION. IN THE EVENT OF POTENTNIAL CONFLICT OF INTEREST DOES ARISE, ITS NATURE AND EXTENT SHOULD BE FULLY DISCLOSED IMMEDIATELY TO THE CHAIRPOERSON AND TO THE BOARD OF TRUSTEES. THE CHAIRPERSON OF THE BOARD OF TRUSTEES MAKES THE DETERMINATION AS TO WHETHER A POTENTIAL CONFLICT IS AN ACTUAL CONFLICT, MAY RESULT IN DISCIPLINARY ACTION, UP TO AND INCLUDING TERMINATION OR DISMISSAL FROM THE BOARD IF AN ACTUAL CONFLICT WAS IDENTIFIED. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION IS REVIEWED AND APPROVED BY THE FINANCE COMMITTEE AND BOARD CHAIRPERSON OF THE BOARD OF TRUSTEES. COMPARABILITY DATA IS GATHERED AND ASSESSED FROM SIMILAR NON-PROFIT ORGANIZATIONS. THE COMAPRABLE ANALYSIS IS AVAILABLE FOR FURTHER SUBSTANTIATION. THE DECISISON IS RECORDED VIA OFFER LETTER/CONTRACTUAL DOCUMENTATION. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST AND ARE AVAILABLE TO EMPLOYEES AND BOARD MEMBERS. FORM 990, PART XII, LINE 2C AUDIT AND 990 RETURN ARE REVIEWED BY COMMITTEE EACH YEAR FOR APPROVAL. BOYS LATIN OF PHILADELPHIA CHARTER SCHOOL 5501 CEDAR AVENUE PHILADELPHIA PA 19143 203597185 PA CHARTER ACHOOL PA 501(C)(3) LINE 2 0 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 BOYS LATIN OF PHILADELPHIA CS J 99304 LEASE BOYS LATIN OF PHILADELPHIA CS L 576774 ACTUAL COSTS