2025-11-17T09:02:28-06:00 2025-06-30 231518888 MAILLIE LLP 500 NORTH LEWIS RD LIMERICK PA 19468 990 2024-07-01 233086658 8001 TORRESDALE CORPORATION 8001 8565051300 8001 TORRESDALE AVENUE PHILADELPHIA PA 19136 TERRY CANTOR BOARD PRESIDENT 8565051300 2025-11-06 1 0 MICHAEL GENTILE CPA P01428702 6109351420 2024 2025-03-06 01:10:19Z TERRY CANTOR 8001 TORRESDALE AVENUE PHILADELPHIA PA 19136 2120589 0 X N/A X 2001 PA THE PURPOSE OF THE ORGANIZATION IS TO SUPPORT THE HEALTH, WELFARE AND EDUCATIONAL INTEREST OF NEW FOUNDATIONS CHARTER SCHOOL, A PENNSYLVANIA NONPROFIT CORPORATION EXEMPT AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. 5 5 0 0 0 0 0 0 0 0 156496 146349 1279639 1161266 1436135 1307615 0 0 0 0 0 0 0 0 0 1127148 1484216 1127148 1484216 308987 -176601 22736084 21774070 19098404 18312991 3637680 3461079 THE PURPOSE OF THE ORGANIZATION IS TO SUPPORT THE HEALTH, WELFARE AND EDUCATIONAL INTEREST OF NEW FOUNDATIONS CHARTER SCHOOL, A PENNSYLVANIA NONPROFIT CORPORATION EXEMPT AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. 0 0 1046594 1161266 ORGANIZATION LEASES PROPERTY TO NEW FOUNDATIONS CHARTER SCHOOL, A NOT FOR PROFIT ENTITY FORMED UNDER SECTION 501(C)(3). 1046594 1 0 0 0 0 0 0 0 0 0 1 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 3 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X SANTILLI & THOMSON 8565051300 601 ROUTE 73 NORTH STE 302 MARLTON NJ 08053 X TERRY CANTOR PRESIDENT 2.00 X X 0 0 0 PAUL STADELBERGER TREASURER 2.00 X X 0 0 0 HELEN ANHALT SECRETARY 2.00 X X 0 0 0 KEVIN LINDNER MEMBER 2.00 X 0 0 0 TIM KELLY MEMBER 2.00 X 0 0 0 0 0 0 0 0 0 0 0 146349 146349 1974240 812974 1161266 1161266 1161266 1307615 1161266 0 146349 24519 24519 9385 9385 12715 12715 7200 7200 2710 2710 1046594 1046594 IMPAIRMENT LOSS 381093 381093 1484216 1046594 437622 0 1322830 1144763 2740553 2732793 89307 105950 26319339 9842812 17177424 16476527 1405970 1314037 22736084 21774070 8406 7495 18973521 18305496 116477 0 19098404 18312991 X 3637680 3461079 3637680 3461079 22736084 21774070 -176601 0 X X 0 1 X 1 0 X X X 1 NEW FOUNDATIONS CHARTER SCHOOL 233040993 2 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 677567 677567 25641772 9842812 15798960 16476527 PREPAID RENT 1314037 1314037 X 2120589 812974 812974 1307615 0 1307615 2297190 812974 812974 1484216 0 1484216 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, 2025, THE FOUNDATION HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFIED FOR EITHER RECOGNITION OR DISCLOSURE IN THE ACCOMPANYING FINANCIAL STATEMENTS. ADDITIONALLY, THE FOUNDATION HAD NO INTEREST AND PENALTIES RELATED TO INCOME TAXES. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 812,974. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 812,974. A PHILADELPHIA AUTHORITY FOR INDUSTRIAL DEVELOPMENT 232237287 2018-12-17 9605000 REFINANCE OF 2007 FULTON BANK LOANS 0 0 0 A 685000 9605000 190997 2002 1 0 1 1 A 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 0 A 0 FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION HAS A CONTRACT WITH A THIRD PARTY ENTITY AS THE MANAGEMENT COMPANY, HANDLING ADMINISTRATIVE AND ORGANIZATIONAL DUTIES. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD MEMBERS WERE EACH GIVEN A COPY OF THE FORM 990 FOR REVIEW AND COMMENTS. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR, ALL BOARD MEMBERS, OFFICERS AND KEY EMPLOYEES COMPLETE CONFLICT OF INTEREST FORMS WHICH ARE REVIEWED BY THE BOARD PRESIDENT AND CEO. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FROM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED. NEW FOUNDATIONS CHARTER SCHOOL 8001 TORRESDALE AVENUE PHILADELPHIA PA 19136 233040993 CHARTER SCHOOL PA 501(C)(3) LINE 2 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0