2024-05-15T06:10:48-05:00 2023-06-30 510229493 BARBACANE THORNTON & COMPANY LLP 503 CARR ROAD SUITE 100 WILMINGTON DE 19809 990 2022-07-01 203540878 RICHARD ALLEN DEVELOPMENT AND IMPROVEMENT ORGANIZATION RICH 2158781544 2601 S 58TH ST PHILADELPHIA PA 19143 LAWRENCE F JONES JR CEO 2158781544 2024-05-15 LAWRENCE JONES JR 999009999 1 EDMUND FOSU-LARYEA CPA P02526016 3024788940 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z LAWRENCE F JONES JR 2601 S 58TH ST PHILADELPHIA PA 19143 526951 0 X N/A X 2005 PA THE ORGANIZATION PROVIDES PUBLIC EDUCATIONAL SCHOOL FACILITIES CONSISTING OF LAND, BUILDINGS & IMPROVEMENTS TO RICHARD ALLEN PREPARATORY CHARTER SCHOOL. 3 3 0 0 0 0 0 0 490519 491224 228 35727 0 0 490747 526951 0 0 0 0 0 0 0 0 0 402513 386665 402513 386665 88234 140286 4987321 4868438 4700478 4441309 286843 427129 THE ORGANIZATION LEASES PROPERTY TO RICHARD ALLEN PREPARATORY CHARTER SCHOOL, AN ENTITY FORMED UNDER IRC SECTION 501(C)(3) (EIN; 23-3085452). THE SCHOOL OPERATES A PUBLIC CHARTER SCHOOL FOR CHILDREN GRADES 5 THROUGH 8. 0 0 370665 491224 THE ORGANIZATION LEASES PROPERTY TO RICHARD ALLEN PREPARATORY CHARTER SCHOOL, AN ENTITY FORMED UNDER IRC SECTION 501(C)(3) (EIN; 23-3085452). THE SCHOOL OPERATES A PUBLIC CHARTER SCHOOL FOR CHILDREN GRADES 5 THROUGH 8. 370665 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 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 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 3 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X X CHARTER CHOICES INC 2154819777 222 N KESWICK AVENUE GLENSIDE PA 19038 X BENJAMEN SMALLWOOD MEMBER 1.00 X 0 0 0 HARRIET WILLIAMS MEMBER 1.00 X 0 0 0 LAWRENCE F JONES JR CEO 1.00 X 0 0 0 0 0 0 0 0 0 0 0 RENTAL INCOME 531120 491224 491224 491224 35727 35727 526951 491224 0 35727 12000 12000 228924 228924 141741 141741 OTHER COSTS 4000 4000 386665 370665 16000 0 1172355 1207380 5927898 2385972 3683667 3541926 131299 119132 4987321 4868438 43535 34263 37397 37397 3520000 3285000 1099546 1084649 4700478 4441309 X 286843 427129 286843 427129 4987321 4868438 140286 0 X X 0 1 X 1 0 X X 1 RICHARD ALLEN PREPARATORY CHARTER S 233085452 2 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 400000 400000 5527898 2385972 3141926 3541926 ADVANCE RENTAL PAYMENTS 336576 LOAN PAYABLE-AFFILIATE 748073 1084649 X 526951 0 526951 0 526951 386665 0 386665 0 386665 PART X, LINE 2: 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, 2022, 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. A PHILA AUTH INDUS DEV 232237287 2006-04-06 5790000 ACQUIRE BLDG. FOR CHARTER SCHOOL 0 0 0 A 2505000 0 0 0 1 A 0 0 0 0 0 0 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B INFORMATION FOR FORM 990 IS COMPILED BY THE BUSINESS MANAGER, OPERATIONS MANAGER & THE CEO. THE AUDITORS COMPLETE FORM 990 AND FORWARD IT THE BOARD FOR THER APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD MEMBERS COMPLETE A STATEMENT OF FINANCIAL INTEREST ON AN ANNUAL BASIS SINCE THEY ARE CONSIDERED TO BE PUBLIC OFFICIALS. THIS FORM WOULD DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION C, LINE 19 ALL DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990,PART XII, LINE 2: THERE HAVE BEEN NO CHANGES TO EITHER THE SELECTION OR OVERSIGHT PROCESSES. PART XII, LINE 2C THE AUDITED FINANCIAL STATEMENTS ARE REVIEWED AND APPROVED BY MANAGEMENT AND THE BOARD PRIOR TO ISSUANCE. RICHARD ALLEN PREPARATORY CHARTER SCHOOL 2601 S 58TH STREET 2601 S 58TH STREET PHILADELPHIA PA 19143 233085452 PA 501(C)(3) 0 RICHARD ALLEN PREPARATORY CHARTER SCHOOL 2601 S 58TH STREET PHILADELPHIA PA 19143 233085452 PA 501(C)(3) 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 RICHARD ALLEN PREPARATORY CHARTER SCHOOL E 3285000 GUARANTEE-COST RICHARD ALLEN PREPARATORY CHARTER SCHOOL J 491224 LEASE AGREEMENT RICHARD ALLEN PREPARATORY CHARTER SCHOOL E 748073 CASH COV-BONDS RICHARD ALLEN PREPARATORY CHARTER SCHOOL J 373973 PPD RENT-COST