2025-03-27T16:30:06-05:00 2024-06-30 WITHUMSMITHBROWN PC 1835 MARKET STREET SUITE 1710 PHILADELPHIA PA 191032945 990 2023-07-01 542100509 Frankford Valley Foundation For Literacy % SANTILLI & THOMSON LLC FRAN 2157433100 4300 Tacony Street Philadelphia PA 19134 ANITA KAISER PRESIDENT 2157433100 2025-05-15 true true ERIC M STRAUSS P00991844 2155462140 2023 2025-03-06 01:10:19Z ANITA KAISER 4300 Tacony Street Philadelphia PA 19134 3942636 false X N/A X 2003 PA TO SUPPORT AND EXPAND OPPORTUNITIES FOR ADVANCEMENT TO EVERY MEMBER OF THE COMMUNITY. THE ORGANIZATION LEASES PROPERTY TO THE FIRST PHILADELPHIA PREPARATORY CHARTER SCHOOL. 3 3 0 3 0 0 0 3709836 3860543 51456 82083 0 10 3761292 3942636 0 0 0 0 0 0 0 0 0 3871842 4690323 3871842 4690323 -110550 -747687 35536434 33634074 36563905 35409232 -1027471 -1775158 X THE FRANKFORD VALLEY FOUNDATION FOR LITERACY IS A NON-PROFIT ORGANIZATION, 501(C)(3), THAT WAS DESIGNATED FOR THE BENEFIT OF THE COMMUNITY. THEIR MISSION IS TO SUPPORT AND EXPAND OPPORTUNITIES FOR ADVANCEMENT TO EVERY MEMBER OF THE COMMUNITY. THE ORGANIZATION LEASES PROPERTY TO THE FIRST PHILADELPHIA PREPARATORY CHARTER SCHOOL, WHICH IS A TAX EXEMPT ORGANIZATION UNDER IRC 501(C)(3). false false 4668388 3860543 THE FRANKFORD VALLEY FOUNDATION FOR LITERACY IS A NON PROFIT ORGANIZATION, 501(C)(3), THAT WAS DESIGNATED FOR THE BENEFIT OF THE COMMUNITY. THEIR MISSION IS TO SUPPORT AND EXPAND OPPORTUNITIES FOR ADVANCEMENT TO EVERY MEMBER OF THE COMMUNITY. THE ORGANIZATION LEASES PROPERTY TO THE FIRST PHILADELPHIA PREPARATORY CHARTER SCHOOL, WHICH IS A TAX EXEMPT ORGANIZATION UNDER IRC 501(C)(3). 4668388 true false false false false false false false false false true false false true true true true false false false false false false false false false false false false false true false true true false false false false false false false false false false false false true false false false true 0 0 0 false false false false false false false false false false false false X 3 3 false true false false false false false true true false false true true true false false false false false false X X SANTILLI THOMSON LLC 8565051300 601 ROUTE 73 NORTH 302 MARLTON NJ 08053 X ANITA VEGA-KAISER PRESIDENT 1.0 0.0 X X 0 0 0 BARBARA SAUNDERS SECRETARY 1.0 0.0 X X 0 0 0 TERESA GRUMBRECHT MEMBER 1.0 0.0 X 0 0 0 0 0 0 0 false false false 0 0 RENTAL INCOME 531120 3860543 3860543 3860543 82083 82083 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 OTHER INCOME 900099 10 10 10 3942636 3860553 82083 0 0 0 0 0 0 0 0 0 0 0 23618 23618 13416 13416 0 0 0 0 0 57230 35295 21935 0 0 0 0 0 0 3389283 3389283 0 970112 970112 236664 236664 4690323 4668388 21935 0 X 147993 164726 0 0 0 0 0 0 0 0 0 0 0 0 0 0 95753 0 40039289 12319447 28689954 27719842 0 0 0 0 0 0 0 0 6602734 5749506 35536434 33634074 109692 23617 0 0 262165 0 35938105 35203843 0 0 0 0 0 0 0 0 253943 181772 36563905 35409232 X -1027471 -1775158 0 0 -1027471 -1775158 35536434 33634074 -747687 X X false true X true false X X X 1 FIRST PHILADELPHIA PREPARATORY CHARTER SCHOOL 233062230 2 true 4690323 0 1 4690323 true false false false false false false false false false false false false false false true false PART IV, SECTION B, LINE 1 THE SUPPORTED ORGANIZATION LEASED A BUILDING FROM THE SUPPORTING ORGANIZATION. 2204908 2204908 37834381 12319447 25514934 27719842 DEBT SERVICE RESERVE 3686381 DEFERRED RENT 2063125 5749506 0 DUE TO AFFILIATE 181772 181772 X 3942636 3942636 3942636 4690323 4690323 4690323 FORM 990, SCHEDULE D, PART X, LINE 2 THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND EXEMPT FROM STATE UNDER STATE TAXES UNDER STATE LAW. THERE WERE NO UNCERTAIN TAX POSITIONS AT JUNE 30, 2024 AND 2023. THE ORGANIZATION HAD NO INTEREST OR PENALTIES FOR THE YEARS ENDED JUNE 30, 2024 AND 2023. AS OF JUNE 30, 2024, THE TAX PERIODS REMAINING OPEN FOR EXAMINATIONS ARE FISCAL YEARS ENDED JUNE 30, 2020 THROUGH 2024. A PHILADELPHIA AUTHORITY FOR INDUSTRIAL DEVELOPMENT 232237287 71780CBZ2 2024-06-26 36209703 See Part VI false false false A 0 0 36209703 2851150 0 99941 724194 0 0 0 32534418 0 2024 true false true true A false false false false 0.00000 0.00000 0.00000 false false 0.00000 false true A false false false false false false 0 false 0 A false Form 990, Schedule K, Part I - Line A refunding all of the outstanding amount of the Authority's Revenue Bonds (First Philadelphia Preparatory Charter School Project), Series A of 2014 originally issued in the aggregate principal amount of $40,945,000 making a deposit to the Debt Service Reserve Fund (as defined herein) for the Series 2024 Bonds paying issuance costs of the Series 2024 Bonds FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION OUTSOURCES ITS BUSINESS MANAGEMENT DUTIES TO SANTILLI & THOMSON, LLC. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PREPARED BY THE ORGANIZATION'S OUTSIDE, INDEPENDENT CPA FIRM AND REVIEWED BY THE BOARD PRESIDENT PRIOR TO FILING. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE THROUGH WWW.GUIDESTAR.ORG, DUNN AND BRADSTREET, AND THROUGH REQUEST VIA RIGHT TO KNOW. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES INFORMATION AVAILABLE THROUGH WWW.GUIDESTAR.ORG, DUNN AND BRADSTREET, AND THROUGH REQUEST VIA RIGHT TO KNOW. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. FIRST PHILADELPHIA CHARTER SCHOOL 4300 TACONY STREET PHILADELPHIA PA 19124 233062230 CHARTER SCHOO PA 501(C)(3) 2 NA false false false false false true false false false false true false false false false false false false false false FIRST PHILADELPHIA PREPARATORY CHARTER SCHOOL J 3860543 Book Value FIRST PHILADELPHIA PREPARATORY CHARTER SCHOOL E 35935000 Book Value