Franklin Center
- Assets
- $18.9m
- Revenue
- $7.3m
- Investments
- $0.0
- Employees
- 84
- Location
- Golden Valley, MN
- Founding
- 06/2004
- Data as of
- 07/2024
- EIN
- 16-1671503
Organization Overview
Franklin Center, operating under the name Academy Of Whole Learning, is located in Golden Valley, MN. The organization was established in 2004. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 07/2024, Academy Of Whole Learning employed 84 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Academy Of Whole Learning is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 07/2024, Academy Of Whole Learning generated $7.3m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 23.6% each year . All expenses for the organization totaled $7.9m during the year ending 07/2024. While expenses have increased by 25.8% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
FRANKLIN CENTER TRANSFORMS LIVES BY ADDRESSING THE HOLISTIC ACADEMIC, SOCIAL, EMOTIONAL AND MENTAL HEALTH NEEDS OF THE NEURODIVERSE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FRANKLIN ACADEMY - WE HAVE CONTINUED TO ALIGN OUR CURRICULUM TO ASSESSMENTS, ANALYZING VARIOUS TOOLS TO MAKE SURE WE'RE KEEPING UP WITH STATE STANDARDS WHILE MEETING THE NEED FOR INDIVIDUALIZATION. USING OUR PROPRIETARY RUBRIC ASSESSMENT TOOL FOR SCHOOL SKILLS, WE DEVELOPED SPECIFIC SOCIAL-EMOTIONAL GOALS FOR EACH STUDENT (TRACKED MONTHLY), DEMONSTRATING THE INTEGRATION OF BEHAVIOR THERAPISTS IN THE CLASSROOM AND OUR FOCUS ON THE WHOLE PERSON (NOT JUST GRADES).
FRANKLIN THERAPY - WE ARE CREDENTIALED WITH SEVERAL MAJOR INSURANCE COMPANIES, INCLUDING HEALTH PARTNERS LOCALLY AND CIGNA NATIONALLY. WE ARE CERTIFIED THROUGH THE MINNESOTA DEPARTMENT OF HUMAN SERVICES, WHICH MEANS THAT WE CAN PROVIDE SERVICES TO CLIENTS WHO ARE ELIGIBLE FOR STATE MEDICAL ASSISTANCE. WE HAVE INCREASED THE NUMBER OF MENTAL AND BEHAVIORAL THERAPY STAFF IN ORDER TO SERVE ADDITIONAL CLIENTS AND FAMILIES.
FRANKLIN CAPSTONE - OUR AUDIT PROGRAM HELPS PINPOINT THE AREAS FOR GROWTH NECESSARY TO HELP YOUNG ADULTS 18-28 WITH ASD AND OTHER NEURODIVERSITIES LIVE THEIR MORE INDEPENDENT, PRODUCTIVE, AND SELF- ACTUALIZED LIVES. WE ALSO OFFERVOCATIONAL REHABILITATION SERVICES, WORKING WITH CLIENTS TO HELP THEM TO FUNCTION IN THEIR HOMES, AT WORK, AND IN THEIR COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katherine Snow Executive Di | Officer | 60 | $195,900 |
Molly Tellijohn Finance Dire | Officer | 60 | $123,377 |
Brenda Furlow Governance C | OfficerTrustee | 30 | $0 |
Bob Tift Board Chair | OfficerTrustee | 10 | $0 |
Mike Brown Vice Chair | OfficerTrustee | 1 | $0 |
Andrew Lanik Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $670,725 |
| Noncash contributions included in lines 1a–1f | $32,524 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $670,725 |
| Total Program Service Revenue | $6,432,103 |
| Investment income | $88,444 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$886 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,279,036 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $439,118 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $241,047 |
| Compensation of current officers, directors, key employees. | $46,678 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,570,525 |
| Pension plan accruals and contributions | $90,759 |
| Other employee benefits | $337,208 |
| Payroll taxes | $380,232 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,770 |
| Fees for services: Accounting | $26,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $296,252 |
| Advertising and promotion | $86,409 |
| Office expenses | $199,824 |
| Information technology | $180,177 |
| Royalties | $0 |
| Occupancy | $295,464 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $148,100 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $403,031 |
| Insurance | $44,022 |
| All other expenses | $0 |
| Total functional expenses | $7,850,824 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $588,249 |
| Savings and temporary cash investments | $1,035,252 |
| Pledges and grants receivable | $1,835,926 |
| Accounts receivable, net | $460,725 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $87,738 |
| Net Land, buildings, and equipment | $14,069,962 |
| Investments—publicly traded securities | $776,765 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $18,854,617 |
| Accounts payable and accrued expenses | $260,107 |
| Grants payable | $0 |
| Deferred revenue | $579,127 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,126,819 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,966,053 |
| Net assets without donor restrictions | $13,927,638 |
| Net assets with donor restrictions | $1,960,926 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $18,854,617 |