Franklin Education Foundation
- Assets
- $449.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Irvine, CA
- Founding
- Data as of
- 12/2022
- EIN
- 85-2357662
Organization Overview
Franklin Education Foundation is located in Irvine, CA. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Franklin Education Foundation 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 12/2022, Franklin Education Foundation generated $199.1k in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $196.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
EDUCATION FUNDRAISING EVENT IN CALIFORNIA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yibin Zhang President & Director | 3 | $0 | |
Lihua Wang Treasurer & Secretary | 3 | $0 | |
Jill Duoto Director | 2 | $0 | |
Spencer Fang Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $50,300 |
| Total Program Service Revenue | $148,763 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $16 |
| Total Revenue | $199,079 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $32,329 |
| Occupancy, rent, utilities, and maintenance | $58,570 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $105,855 |
| Total expenses | $196,754 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $300,362 |
| Other assets | $0 |
| Total assets | $449,125 |
| Total liabilities | $312,562 |
| Net assets or fund balances | $136,563 |