Benjamin Franklin Academy Inc
- Assets
- $15.8m
- Revenue
- $4.8m
- Investments
- $0.0
- Employees
- 38
- Location
- Atlanta, GA
- Founding
- 05/1989
- Data as of
- 05/2022
- EIN
- 58-1823445
Organization Overview
Benjamin Franklin Academy Inc is located in Atlanta, GA. The organization was established in 1989. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 05/2022, Benjamin Franklin Academy Inc employed 38 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Benjamin Franklin Academy Inc 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 05/2022, Benjamin Franklin Academy Inc generated $4.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $3.6m during the year ending 05/2022. While expenses have increased by 2.4% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO TEACH A BASIC COLLEGE PREPARATORY HIGH SCHOOL CURRICULUM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ACADEMY TEACHES THE BASIC COLLEGE PREPARATORY HIGH SCHOOL CURRICULUM WITH AN EMPHASIS ON "CATCH-UP", GETTING THE STUDENT BACK ON TRACK SO THEY CAN RE-ENTER THE MAINSTREAM OF COLLEGE OR VOCATIONAL TRAINING. THE ACADEMY CURRENTLY HAS 85 FULL TIME STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Martha B Burdette Treasurer/he | Officer | 50 | $120,623 |
Shepard B Ansley Trustee | Trustee | 8 | $0 |
Dameron Black III Sr Vice Pres | Trustee | 8 | $0 |
Jane C Black Board Presid | Trustee | 8 | $0 |
Betty Foy Botts Secretary | Trustee | 8 | $0 |
Verona Mcduffie Trustee | Trustee | 8 | $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 | $415,134 |
| Noncash contributions included in lines 1a–1f | $40,279 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $415,134 |
| Total Program Service Revenue | $3,050,794 |
| Investment income | $253,425 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,078,080 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,797,504 |
| 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. | $120,623 |
| Compensation of current officers, directors, key employees. | $29,372 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,880,049 |
| Pension plan accruals and contributions | $37,565 |
| Other employee benefits | $31,166 |
| Payroll taxes | $143,369 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,404 |
| Fees for services: Accounting | $44,281 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $150,611 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $17,412 |
| Office expenses | $11,988 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $141,231 |
| Travel | $2,747 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $155,903 |
| Insurance | $33,640 |
| All other expenses | $305,597 |
| Total functional expenses | $3,628,818 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $462,917 |
| Savings and temporary cash investments | $4,510,773 |
| 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 | $3,318,866 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,551,761 |
| Total assets | $15,844,317 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,857 |
| Total liabilities | $2,857 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $15,841,460 |
| 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 | $15,844,317 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Benjamin Franklin Academy Inc has recieved totaling $107,550.
| Awarding Organization | Amount |
|---|---|
The Ma-Ran Foundation Atlanta, GA PURPOSE: ANNUAL CAMPAIGN | $50,000 |
Somerset Foundation Inc Atlanta, GA PURPOSE: CHARITABLE CONTRIBUTION | $15,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $11,050 |
Thomas M & Irene B Kirbo Charitable Jacksonville, FL PURPOSE: WOOD SMETHURST SCHOLARSHIP FD. | $10,000 |
Sartain Lanier Family Foundation Inc Atlanta, GA PURPOSE: TO SUPPORT THE MISSION OF THE RECIPIENT ORGANIZATION | $10,000 |
Ware Foundation Madison, MS PURPOSE: 2021 DONATION | $5,000 |
Endowment Analysis
| Beg. Balance | $5,268,689 |
| Earnings | $1,300,870 |
| Admin Expense | $43,645 |
| Net Contributions | $25,247 |
| Grants | $1,000,000 |
| Ending Balance | $7,551,161 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Christ School Inc Arden, NC | $45,623,697 | $22,399,762 |
Southside Christian School Upstate Simpsonville, SC | $26,226,649 | $22,389,092 |
St Davids School Raleigh, NC | $32,628,531 | $17,520,873 |
Admiral Farragut Academy Inc St Petersburg, FL | $21,987,210 | $17,628,245 |
Webb School Bell Buckle, TN | $70,401,090 | $18,551,010 |
The Pepin Academies Inc Riverview, FL | $29,193,079 | $15,292,981 |
American Hebrew Academy Inc Greensboro, NC | $66,328,577 | $16,098,225 |
Oak Hall Private School Gainesville, FL | $28,822,361 | $15,634,041 |
Atlanta Jewish Academy Inc Atlanta, GA | $22,350,554 | $15,415,216 |
University School Of Jackson Jackson, TN | $24,986,142 | $15,584,581 |
The Felicia Penzell Weber Jewish Community High School Inc Atlanta, GA | $43,433,763 | $21,423,275 |
St Josephs Catholic School Inc Greenville, SC | $14,971,658 | $11,855,482 |