2024-05-15T08:40:23-05:00 2023-06-30 232896692 BBD LLP 1835 MARKET STREET SUITE 300 PHILADELPHIA PA 19103 990 2022-07-01 232920158 CHESTER COUNTY FAMILY ACADEMY INC CHES 6106965910 530 EAST UNION STREET WEST CHESTER PA 19380 STUART WENGER TREASURER 6106965910 2024-05-15 1 STUART WENGER 999009999 0 BRIAN PAGE P02402981 2155677770 2024-05-15 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z STUART WENGER 530 EAST UNION STREET WEST CHESTER PA 19380 621756 0 X WWW.CCFASCHOOL.ORG X 1997 PA PROVIDING A COMMUNITY BASED PROGRAM FOR YOUNG LEARNERS AND THEIR FAMILIES. 5 5 20 7 0 0 263638 54063 1054712 536418 9046 31275 0 0 1327396 621756 0 0 0 0 558007 577436 0 0 0 528577 982701 1086584 1560137 240812 -938381 2432466 1659593 1888347 606525 544119 1053068 X PROVIDING A COMMUNITY BASED HANDS-ON, HEARTS-ON, HEADS-ON PROGRAM FOR YOUNG LEARNERS AND THEIR FAMILIES STRUGGLING WITH FINANCIAL CHALLENGES. 0 1 414423 536418 THE ORGANIZATION EDUCATES STUDENTS IN KINDERGARDEN TO 2ND GRADE. THE ORGANIZATION'S PROGRAM FOCUSES ON EDUCATION, ARTISTIC ENRICHMENT, PHYSICAL AND SOCIAL-EMOTIONAL WELL-BEING, AND COMMUNITY LINKAGES. 414423 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 13 0 1 20 1 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 0 0 X THE ORGANIZATION 6106965910 530 EAST UNION STREET WEST CHESTER PA 19380 GEETA KAPADIA PRESIDENT 1.00 X X 0 0 0 STUART WENGER TREASURER/CHAIR 1.00 X X 0 0 0 STEPHEN WAGNER SECRETARY (THRU 10/22) 1.00 X X 0 0 0 KATHLEEN BRUCE MEMBER 1.00 X 0 0 0 SANDEEP NAIK MBA MEMBER (THRU 9/22) 1.00 X 0 0 0 MAURICE TAYLOR MEMBER 1.00 X 0 0 0 JAY KULKANIMAMBA MEMBER (FROM 11/22) 1.00 X 0 0 0 MICHAEL ROMBOLA CEO 40.00 X 49669 0 6022 49669 0 6022 0 0 0 0 0 54063 54063 TUITION 611600 536418 536418 536418 22090 22090 9185 0 9185 9185 9185 621756 536418 0 31275 117076 74395 42681 347009 220503 126506 40126 25498 14628 45394 28845 16549 27831 17685 10146 154180 154180 2378 2378 48534 48534 18427 18427 100589 13675 86914 3262 3262 91 91 4946 4946 15564 15564 PSERS WITHDRAWAL PENALT 581562 581562 MEALS 36888 14280 22608 PROGRAM RELATED EXPENSE 15547 15547 PRINTING 733 733 1560137 414423 1145714 0 95693 17256 1794364 1609053 27064 15830 246734 3238 7915 9549 0 0 86016 0 174680 4667 2432466 1659593 189934 24963 1698413 581562 1888347 606525 X 544119 1053068 544119 1053068 2432466 1659593 X -938381 1447330 X 0 1 X 0 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 PSERS WITHDRAWAL LIABILITY 581562 581562 X PART X, LINE 2: GAAP REQUIRES ENTITIES TO EVALUATE, MEASURE, RECOGNIZE AND DISCLOSE ANY UNCERTAIN INCOME TAX POSITIONS TAKEN ON THEIR TAX RETURNS. GAAP PRESCRIBES A MINIMUM RECOGNITION THRESHOLD THAT A TAX POSITION IS REQUIRED TO MEET IN ORDER TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS. THE ACADEMY AND THE FOUNDATION BELIEVE THAT THEY HAD NO UNCERTAIN TAX POSITIONS AS DEFINED IN GAAP. 1 1 1 0 0 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE CHESTER COUNTY FAMILY ACADEMY ALLOWS STUDENTS OF ANY RACE, COLOR, NATIONAL AND ETHNIC ORIGIN ALL OF THE RIGHTS, PRIVILEGES, PROGRAMS, AND ACTIVITIES GENERALLY ACCORDED OR MADE AVAILABLE TO STUDENTS AT THE SCHOOL. SCHEDULE E, PART I, LINE 4 SCHOLARSHIPS AND FINANCIAL ASSISTANCE ARE NOT OFFERED; SCHOOL DOES NOT HAVE CATALOGS OR BROCHURES; SCHOOL DOES NOT SOLICIT CONTRIBUTIONS. SCHEDULE E, PART I, LINE 6 THE SCHOOL RECEIVES STATE AND FEDERAL ASSISTANCE. FORM 990, PART III, LINE 3 IN DECEMBER 2022, DUE TO A DECLINING NUMBER OF STAFF AND CONCERN OVER THE ACADEMY'S ABILITY TO SERVE ITS STUDENT POPULATION, THE BOARD OF TRUSTEES VOTED TO CLOSE OPERATIONS TO STUDENTS AS OF JANUARY 13, 2023. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF FORM 990 IS PROVIDED TO THE BOARD MEMBERS AND THE CEO FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C NO EMPLOYEE, OFFICER, OR AGENT MAY PARTICIPATE IN THE SELECTION, AWARD, OR ADMINISTRATION OF A CONTRACT SUPPORTED BY A FEDERAL AWARD IF HE OR SHE HAS A REAL OR APPARENT CONFLICT OF INTEREST. SUCH A CONFLICT OF INTEREST WOULD ARISE WHEN THE EMPLOYEE, OFFICER, OR AGENT, ANY MEMBER OF HIS OR HER IMMEDIATE FAMILY, HIS OR HER PARTNER, OR AN ORGANIZATION WHICH EMPLOYS OR IS ABOUT TO EMPLOY ANY OF THE PARTIES INDICATED HEREIN, HAS A FINANCIAL OR OTHER INTEREST IN OR A TANGIBLE PERSONAL BENEFIT FROM A FIRM CONSIDERED FOR A CONTRACT. SUCH RELATED RELATIONSHIPS ARE DEFINED BY THE PUBLIC EMPLOYEES ETHICS ACT. THE OFFICERS, EMPLOYEES, AND AGENTS OF THE CHESTER COUNTY FAMILY ACADEMY CHARTER SCHOOL MUST REPORT CONFLICTS OF INTEREST, BOTH REAL AND POTENTIAL IN WRITING TO THE CHIEF EXECUTIVE OFFICER. IF THE CHIEF EXECUTIVE OFFICER IS INVOLVED IN THE CONFLICT OF INTEREST, THE CHIEF EXECUTIVE OFFICER WILL REPORT SUCH A CONFLICT, REAL AND POTENTIAL TO THE BOARD PRESIDENT IN WRITING. THE CHESTER COUNTY FAMILY ACADEMY CHARTER SCHOOL WILL REMOVE AN EMPLOYEE FROM A PROCUREMENT TRANSACTION IF THERE IS A CONFLICT OF INTEREST, AS WELL AS REQUIRING THAT THE INDIVIDUAL PROVIDE DOCUMENTATION TO SHOW THAT THE EMPLOYEE HAS PROPERLY RECUSED HIM OR HERSELF. FORM 990, PART VI, SECTION B, LINE 15A THE CHIEF EXECUTIVE OFFICER'S SALARY IS APPROVED ANNUALLY BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: REVERSAL OF PSERS PENSION AND OPEB LIABILITIES AND DEFERRED OUTFLOWS AND IN 1,528,400. LOSS ON DISPOSAL OF CAPITAL ASSETS -81,070. CHESTER COUNTY FAMILY ACADEMY FOUNDATION 530 E UNION STREET SUITE 2 WEST CHESTER PA 19382 471296968 FUNDRAISING PA 501(C)(3) LINE 9 CHESTER COUNTY FAMILY ACADEMY INC 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0