Franklin Schools Foundation
- Assets
- $12.1m
- Revenue
- $446.6k
- Investments
- $0.0
- Employees
- 26
- Location
- Vineyard, UT
- Founding
- 09/2015
- Data as of
- 06/2023
- EIN
- 46-3021440
Organization Overview
Franklin Schools Foundation, operating under the name Franklin Discovery Academy, is located in Vineyard, UT. The organization was established in 2015. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2023, Franklin Discovery Academy employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Franklin Discovery Academy 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 06/2023, Franklin Discovery Academy generated $446.6k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $326.8k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (5.7%) per year over the past 7 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
FRANKLIN SCHOOLS FOUNDATION PROVIDES A QUALITY EDUCATION TO A DIVERSE POPULATION OF PRESCHOOL AND KINDERGARTEN CHILDREN IN CENTRAL UTAH COUNTY. THE FOUNDATION ALSO PROVIDES AND SUPPORTS QUALITY EDUCATIONAL EXPERIENCES AND PARENT VOLUNTEER OPPORTUNITIES FOR K-6 CHARTER STUDENTS ENROLLED AT FRANKLIN DISCOVERY ACADEMY-VINEYARD. WE PROVIDE AN ENVIRONMENT WHERE STUDENTS CREATE, LEARN, PLAY, AND INSPIRE. WE ALSO WORK TO CREATE A WELCOMING WORK ENVIRONMENT FOR OUR STAFF OF HIGHLY TRAINED EDUCATORS AND SUPPORT STAFF. WE PROVIDE MEANINGFUL OPPORTUNITIES FOR PARENTS TO VOLUNTEER AND PARTICIPATE IN FUNDRAISING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOOL: FRANKLIN SCHOOLS FOUNDATION OPERATES A SCHOOL FOR PRIMARY CHILDREN (PRESCHOOL TO KINDERGARTEN) USING AN ESTABLISHED CURRICULUM AND FACULTY.
PARENT SUPPORT ORGANIZATION: FRANKLIN SCHOOLS FOUNDATION OPERATES THE FRANKLIN DISCOVERY PARENTS AND FSO, WHICH IS A PLACE FOR PARENTS TO VOLUNTEER AND FUNDRAISE. THIS PROGRAM OPERATES UNDER A DISREGARDED LLC NAMED FRANKLIN DISCOVERY ACADEMY - FSO, LLC.
FACILITY, EXHIBIT, AND SCHOOL SUPPORT MANAGEMENT: FRANKLIN SCHOOLS FOUNDATION DEVELOPS AND MAINTAINS EXCITING EXHIBITS FOR K-6 CHARTER STUDENTS, SUCH AS A BUTTERFLY GARDEN EXHIBIT THAT INCLUDES LIVE PLANTS AND ANIMALS FOR STUDENTS TO INTERACT WITH. FSF PROVIDES GENERAL FACILITY SERVICES AND MAINTENANCE. FSF OWNS AN OPERATES THE FACILITY UNDER THE DISREGARDED ENTITY 320 GAMMON ROAD, LLC. FRANKLIN SCHOOLS FOUNDATIONS PROVIDES VARIOUS SCHOOL SUPPORT SERVICES SUCH AS REMOTE TUTORING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diana Gardner Director | Officer | 40 | $29,630 |
Enkhee Chuluun Treasurer (volunteer) | OfficerTrustee | 10 | $0 |
Jaylin Scott Board Member (volunteer) | OfficerTrustee | 5 | $0 |
Jennifer Price Cao (volunteer) | OfficerTrustee | 5 | $0 |
Kaylee Woolsey Chair | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $7,920 |
| Related organizations | $0 |
| Government grants | $107,923 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $115,843 |
| Total Program Service Revenue | $330,766 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $446,609 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $29,630 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $198,835 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $37,058 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,488 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $300 |
| Advertising and promotion | $670 |
| Office expenses | $16,723 |
| Information technology | $2,982 |
| Royalties | $0 |
| Occupancy | $24,200 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $489 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $972 |
| All other expenses | $13,442 |
| Total functional expenses | $326,789 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $149,883 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $11,920,000 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,069,883 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $11,920,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $11,920,000 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $149,883 |
| Total liabilities and net assets/fund balances | $12,069,883 |