2026-03-25T09:41:10-04:00 2025-06-30 272001590 J MILLER & ASSOCIATES LLC PO BOX 27308 PHILADELPHIA PA 19118 990 2024-07-01 522457806 FOLK ARTS CULTURAL TREASURES CHARTER SCHOOL FOLK 2155692600 1023 CALLOWHILL STREET PHILADELPHIA PA 19123 ELLEN SOMEKAWA EXECUTIVE DIRECTOR 2155692600 2026-02-25 true JOYCE MILLER P00047160 2156001701 2026-03-25 2024 2025-03-06 01:10:19Z ELLEN SOMEKAWA 1023 CALLOWHILL STREET PHILADELPHIA PA 19123 11117078 false X WWW.FACTSCHOOL.ORG X 2004 PA FACTS PROVIDES CHILDREN WITH AN EXEMPLARY EDUCATION THAT UTILIZES TRADITIONAL ARTS AND CULTURES FOUND WITHIN THEIR OWN AND NEIGHBORING COMMUNITIES AS THE CATALYST FOR CRITICAL INQUIRY AND COMMUNITY ENGAGEMENT. 11 11 89 50 0 3478432 1712920 8352239 9194058 137786 210100 0 11968457 11117078 0 0 5812886 5178127 0 9840 3050611 3415316 8863497 8593443 3104960 2523635 10204113 10378367 10068698 7719317 135415 2659050 FACTS PROVIDES CHILDREN WITH AN EXEMPLARY EDUCATION THAT UTILIZES TRADITIONAL ARTS AND CULTURES FOUND WITHIN THEIR OWN AND NEIGHBORING COMMUNITIES AS THE CATALYST FOR CRITICAL INQUIRY AND COMMUNITY ENGAGEMENT. false false 5364015 9194058 K-8 PUBLIC EDUCATION. FACTS PROVIDES APPROXIMATELY 500 PHILADELPHIA CHILDREN WITH AN EDUCATION WHICH HAS HIGH ACADEMIC STANDARDS, IT TRULY COMMUNITY BASED, INCORPORATES AND RESPECTS THE LIVES OF STUDENTS AND THEIR FAMILIES, ENGAGES STUDENTS IN UNDERSTANDING THEIR OWN CULTURES AND COMMUNITIES, AND ENGAGES STUDENT IN UNDERSTANDING THEIR ROLE AS ACTIVE PARTICIPANTS IN WORKING FOR A JUST SOCIETY. 566668 ENGLISH FOR SPEAKERS OF OTHER LANGUAGES PROGRAM (ESOL): A CORE IMPETUS BEHIND FACTS FOUNDING WAS TO ADDRESS THE PARTICULAR NEEDS OF IMMIGRANT AND REFUGEE STUDENTS AND THEIR FAMILIES. TWO THIRDS OF FACTS STUDENTS SPEAK A LANGUAGE OTHER THAN ENGLISH AT HOME. 30% OF FACTS STUDENTS RECEIVE ESOL SERVICES. OUR NATIONALLY RECOGNIZED ESOL PROGRAM ENGAGES ESOL SPECIALISTS IN COLLABORATION WITH CLASSROOM TEACHERS TO BEST MEET THE NEEDS OF INDIVIDUAL STUDENTS. 475371 FACTS PARTICIPATES IN THE NATIONAL SCHOOL BREAKFAST AND LUNCH COMMUNITY ELIGIBILITY PROVISION PROGRAM DURING THE 2024-2025 SCHOOL YEAR. FACTS OFFERED FREE BREAKFAST AND LUNCH TO ALL STUDENTS. 6406054 true true false false false false false false false false true false false true true true true false true false false false false false false false false false false true false false false false false false false false false false false false false false false false false true 44 0 89 true false false false false false false false false X 11 11 false false false false false false false true true false false true true true true true true true true false PA X THE ORGANIZATION 2155692600 1023 CALLOWHILL STREET PHILADELPHIA PA 19123 LIM PHENG PRINCIPAL 40.00 X 118646 0 79143 ELLEN SOMEKAWA EXECUTIVE DI 40.00 X 113568 0 53804 DAVID BROWN DIRECTOR OF 40.00 X 104269 0 36156 THIERRY ELIN-SAINTINE CHAIR 1.00 X X 0 0 0 XU LIN VICE CHAIR 1.00 X X 0 0 0 NEETA PATEL TREASURER 1.00 X X 0 0 0 ALLAIRE WOHLGEMUTH SECRETARY 1.00 X X 0 0 0 POOJA AGARWAL BOARD MEMBER 1.00 X 0 0 0 LEANA CABRAL BOARD MEMBER 1.00 X 0 0 0 FRANK CHISM BOARD MEMBER 1.00 X 0 0 0 JEFFREY KOUNG BOARD MEMBER 1.00 X 0 0 0 ALISON LIN BOARD MEMBER 1.00 X 0 0 0 NANCY NGUYEN BOARD MEMBER 1.00 X 0 0 0 ALAN PHAN BOARD MEMBER 1.00 X 0 0 0 336483 169103 3 false true false PROLIFIC BUILDING SERVICES 5934 N 4TH ST PHILADELPHIA PA 19120 MAINTENANCE 136500 CHARTER SCHOOL SERVICES LLC PO BOX 30140 ELKINS PARK PA 19027 SUB SERVICES 119445 DG NETWORK SOLUTIONS LLC 2370 YORK RD STE G1 466 JAMISION PA 18929 IT SERVICES 109225 3 1379568 333352 1712920 LOCAL EDUCATIONAL AGENCIES 611600 9042404 9042404 STATE SOURCES 611600 138654 138654 USE OF FACILITIES 611600 13000 13000 9194058 210100 210100 11117078 9194058 210100 655828 557890 97938 4658848 3870410 788438 -1304007 -1159789 -144218 781597 711426 70171 385861 323267 62594 60030 60030 34400 34400 222100 143367 78733 4931 4497 434 134391 85716 46017 2658 336275 207893 128382 20857 16557 4300 49468 49468 646668 646668 87518 19910 67608 MISCELLANEOUS 1070771 1066754 4017 FOOD 289546 287795 1751 SUPPLIES 144971 77791 67180 PROFESSIONAL SERVICE 92673 21135 71538 220717 171435 42100 7182 8593443 6406054 2177549 9840 281264 259860 6982233 8130077 165294 231762 439446 101485 66618 57761 3524012 3381414 797124 142598 1472134 1454824 10204113 10378367 793911 1051629 9274787 6667688 10068698 7719317 X -661709 2334870 797124 142598 181582 135415 2659050 10204113 10378367 2523635 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3524012 3381414 142598 142598 DEFERRED OUTFLOWS FROM PENSIONS 761800 CONTRIBUTIONS SUBSEQUENT TO MEASURM 583096 DEFERRED OUTFLOWS RELATED TO OPEB 109928 1454824 NET PENSION LIABILITY 4478000 DEFERRED INFLOWS FROM PENSIONS 1604565 DEFERRED INFLOWS FROM OPEB 276314 NET OBEP 188000 LEASE LIABILITY 120809 6667688 X 11117078 11117078 11117078 8593443 8593443 8593443 SCHEDULE D, PAGE 3, PART X SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS INCLUDED IN THESE FINANCIAL STATEMENTS. THE SCHOOL USES THE INCOME TAX STANDARD FOR UNCERTAIN TAX POSITIONS. THE STANDARD HAS NO EFFECT ON THE NET POSITION OF THE SCHOOL. SHOULD THE TAX EXEMPT STATUS BE CHALLENGED IN THE FUTURE, THE SCHOOL'S THREE MOST RECENT TAX YEARS ARE OPEN FOR EXAMINATION BY THE IRS. true true true true true true true false false false false false false false false true true true SCHEDULE E, LINE 3 DURING STUDENT REGISTRATION, THE SCHOOL'S NON-DISCRIMINATORY POLICY IS PRINTED IN PARENT HANDBOOKS, IS STATED IN CHARACTER EDUCATION CLASSES AND EVENTS, AND IS ALSO PRINTED ON ALL JOB POSTINGS. SCHEDULE E, LINE 6 THE SCHOOL RECEIVES FEDERAL FUNDS PASSED THROUGH THE PENNSYLVANIA DEPARTMENT OF EDUCATION, SCHOOL DISTRICT OF PHILADELPHIA, THE NATIONAL SCHOOL LUNCH PROGRAM AND VARIOUS COST REIMBURSEMENT PROGRAMS WITH THE PENNSYLVANIA DEPARTMENT OF EDUCATION. THE SCHOOL ALSO RECEIVES FUNDING FROM THE NATIONAL SCHOOL LUNCH PROGRAM. FOR THE 2012-13 SCHOOL YEAR, IT WAS DETERMINED THAT THERE WERE COMPLIANCE ISSUES WITH THE PROGRAM AND AS A RESULT, THE SCHOOL WAS TEMPORARILY SUSPENDED FROM THE PROGRAM. THE SCHOOL ADDRESSED THE COMPLIANCE MATTERS AND WAS REINSTATED INTO THE PROGRAM IN 2015. false false false false false false false false false LIM PHENG PRINCIPAL 118646 47211 31932 197789 ELLEN SOMEKAWA EXECUTIVE DIRECTOR 113568 48856 4948 167372 FORM 990 FORM 990 PART IX LINE 8: STATEMENT OF FUNCTIONAL EXPENSES TOTAL PENSION FOR FISCAL YEAR 2025 REFLECTS A NEGATIVE BALANCE AS A RESULT OF AN ADJUSTMENT MADE TO RECORD THE GASB 68 AND GASB 75 PENSION LIABILITY. FORM 990, PAGE 6, PART VI, LINE 11B THE FORM 990 IS PRESENTED TO THE ORGANIZATIONS FINANCE COMMITTEE AND BOARD FOR REVIEW AND APPROVAL. FOLLOWING THEIR REVIEW AND CONFIRMATION, THE RETURN IS FINALIZED FOR FILING. FORM 990, PAGE 6, PART VI, LINE 12C THE SCHOOL'S CONFLICT OF INTEREST POLICY IS PERIODICALLY REVIEWED BY ITS ATTORNEY TO ENSURE THAT IT IS COMPLIANT WITH LOCAL, STATE AND FEDERAL LAWS. THE SCHOOL ALSO ENSURES THAT ALL BOARD MEMBERS AND KEY STAFF ARE FAMILIAR WITH THE POLICY SO THAT ALL POTENTIAL OR POTENTIALLY PERCEIVED CONFLICTS OF INTEREST ARE PRE-EMPTED AND GIVEN PROPER ATTENTION. ANNUALLY, EACH BOARD MEMBER AND KEY STAFF PERSON MUST SUBMIT STATEMENTS OF FINANCIAL INTEREST. BOARD MEMBERS ARE ASKED TO RECUSE THEMSELVES FROM ANY VOTE THAT MIGHT BE DEEMED TO PRESENT A CONFLICT IF INTEREST. THE SCHOOL PROVIDES PERIODIC TRAINING FOR BOARD MEMBERS IN FIDUCIARY DUTY, SUNSHINE LAWS, AND OTHER LEGAL MATTERS AND BIDDING POLICIES FOR PROCUREMENT AND PURCHASING. FORM 990, PAGE 6, PART VI, LINE 15A COMPENSATION OF THE SCHOOL'S OFFICERS AND KEY EMPLOYEES IS DETERMINED WITH CONSIDERATION OF THE ANNUAL BUDGET, COMPARABILITY DATA FOR SIMILAR POSITIONS AND JOB DESCRIPTIONS FOR OTHER CHARTER SCHOOLS AND YEARS OF EXPERIENCE, WHICH MUST BE APPROVED BY THE GOVERNING BODY. FORM 990, PAGE 6, PART VI, LINE 15B COMPENSATION OF THE SCHOOL'S OFFICERS AND KEY EMPLOYEES IS DETERMINED WITH CONSIDERATION OF THE ANNUAL BUDGET, COMPARABILITY DATA FOR SIMILAR POSITIONS AND JOB DESCRIPTIONS FOR OTHER CHARTER SCHOOLS AND YEARS OF EXPERIENCE, WHICH MUST BE APPROVED BY THE GOVERNING BODY. FORM 990, PAGE 6, PART VI, LINE 19 THE SCHOOL MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.