Franklin Discovery Academy - Vineyard
- Assets
- $13.4m
- Revenue
- $5.9m
- Investments
- $0.0
- Employees
- 211
- Location
- Vineyard, UT
- Founding
- 10/2017
- Data as of
- 06/2022
- EIN
- 81-2710886
Organization Overview
Franklin Discovery Academy - Vineyard is located in Vineyard, UT. The organization was established in 2017. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2022, Franklin Discovery Academy - Vineyard employed 211 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Franklin Discovery Academy - Vineyard 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 06/2022, Franklin Discovery Academy - Vineyard generated $5.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $5.6m during the year ending 06/2022. While expenses have increased by 8.6% per year over the past 6 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 MANAGE, OPERATE, GUIDE, DIRECT, AND PROMOTE A PUBLIC CHARTER SCHOOL FUNDED BY LOCAL, STATE, AND FEDERAL SOURCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF ONE PUBLIC CHARTER SCHOOL FOR STUDENTS FROM KINDERGARTEN THROUGH SIXTH GRADE.
OPERATION OF A FOOD SERVICE PROGRAM TO BENEFIT STUDENTS AND FACULTY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Price Cao | Officer | 20 | $0 |
Matthew Bridgstock Board Member | Trustee | 1 | $0 |
Cindy Busard Chair | Trustee | 1 | $0 |
Naya Puntsag Treasurer | Trustee | 1 | $0 |
Andy Monson Board Member | Trustee | 1 | $0 |
Erin Uda Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,820,833 |
| All other contributions, gifts, grants, and similar amounts not included above | $853 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,821,686 |
| Total Program Service Revenue | $4,775 |
| Investment income | $1,236 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $30,000 |
| 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 | $5,864,117 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,755,264 |
| Pension plan accruals and contributions | $23,888 |
| Other employee benefits | $169,075 |
| Payroll taxes | $210,223 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $430,251 |
| Advertising and promotion | $396 |
| Office expenses | $7,532 |
| Information technology | $72,210 |
| Royalties | $0 |
| Occupancy | $110,304 |
| Travel | $34,077 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $562 |
| Interest | $729,855 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $472,717 |
| Insurance | $16,319 |
| All other expenses | $2,405 |
| Total functional expenses | $5,604,395 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $806,534 |
| Savings and temporary cash investments | $1,091,962 |
| Pledges and grants receivable | $203,394 |
| Accounts receivable, net | $478 |
| 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 | $11,254,757 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,357,125 |
| Accounts payable and accrued expenses | $240,115 |
| Grants payable | $0 |
| Deferred revenue | $1,203 |
| 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 | $12,367,612 |
| Unsecured mortgages and notes payable | $216,788 |
| Other liabilities | $0 |
| Total liabilities | $12,825,718 |
| Net assets without donor restrictions | $531,407 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $13,357,125 |
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Stargate Charter School Thornton, CO | $19,773,978 | $21,738,033 |
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Legacy Traditional School-Surprise Chandler, AZ | $32,091,284 | $16,357,315 |
American Leadership Academy Inc Spanish Fork, UT | $40,999,211 | $16,702,602 |
Chavez Huerta K-12 Preparatory Academy Pueblo, CO | $45,291,290 | $14,740,819 |
Liberty Tradition Charter School Phoenix, AZ | $15,402,752 | $15,178,313 |
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