The Franklin Academy
- Assets
- $15.6m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 77
- Location
- Bellingham, WA
- Founding
- 01/2002
- Data as of
- 07/2021
- EIN
- 91-1434401
Organization Overview
The Franklin Academy, operating under the name Dba St Paul's Academy, is located in Bellingham, WA. The organization was established in 2002. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 07/2021, Dba St Paul's Academy employed 77 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dba St Paul's 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 07/2021, Dba St Paul's Academy generated $4.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $3.3m during the year ending 07/2021. While expenses have increased by 1.1% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING ACADEMICALLY CAPABLE AND WILLING STUDENTS A RIGOROUS COURSE OF INSTRUCTION EMPHASIZING LEADERSHIP, ACHIEVMENT, AND MORAL AND SPIRITUAL DEVELOPMENT EMBODIED IN CHRISTIAN VALUES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ACADEMY'S PROGRAMS INCLUDES A PRESCHOOL FOR CHILDREN AGES 2 AND UP, AS WELL AS AN ELEMENTARY/MIDDLE SCHOOL FOR CHILDREN IN GRADES KINDERGARTEN THROUGH 8TH GRADE. THE ACADEMIC PROGRAMS AIM TO PROVIDE A STRONG FOUNDATION FOR LEARNING, GLOBAL CITIZENSHIP, AND A LIFE OF SIGNIFICANCE. THE ACADEMY JOINS OTHER SCHOOLS AND UNIVERSITIES THAT CELEBRATE A LOVE OF CHALLENGING QUESTIONS, RIGOROUS INQUIRY, FREE EXPRESSION, AND SERVICE TO OTHERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gretchen Bucsko Head Of School | Officer | 40 | $109,446 |
Casey Brocato Director Of Finance And Operations | Officer | 40 | $65,216 |
Dusty Gulleson Former President | OfficerTrustee | 7 | $0 |
Tung Mai Ha DO President | OfficerTrustee | 7 | $0 |
Nick Kaiser Treasurer | OfficerTrustee | 6 | $0 |
Sarah Kaiser 1st Vice President | OfficerTrustee | 6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $279,276 |
| Related organizations | $0 |
| Government grants | $354,780 |
| All other contributions, gifts, grants, and similar amounts not included above | $762,470 |
| Noncash contributions included in lines 1a–1f | $4,017 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,396,526 |
| Total Program Service Revenue | $2,619,041 |
| Investment income | $1,788 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $23,065 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $30,421 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,081,655 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $149,350 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $228,908 |
| Compensation of current officers, directors, key employees. | $160,298 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,570,166 |
| Pension plan accruals and contributions | $18,725 |
| Other employee benefits | $114,553 |
| Payroll taxes | $161,170 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $23,062 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $886 |
| Advertising and promotion | $9,176 |
| Office expenses | $67,538 |
| Information technology | $154,434 |
| Royalties | $0 |
| Occupancy | $294,934 |
| Travel | $0 |
| 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 | $414,727 |
| Insurance | $29,161 |
| All other expenses | $35,168 |
| Total functional expenses | $3,332,408 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,411,373 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,376,754 |
| 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 | $56,366 |
| Net Land, buildings, and equipment | $11,600,630 |
| Investments—publicly traded securities | $125,811 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $32,313 |
| Total assets | $15,603,247 |
| Accounts payable and accrued expenses | $137,496 |
| Grants payable | $0 |
| Deferred revenue | $3,125,401 |
| 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 | $1,422,886 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,685,783 |
| Net assets without donor restrictions | $10,651,938 |
| Net assets with donor restrictions | $265,526 |
| 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 | $15,603,247 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Franklin Academy has recieved totaling $589.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $589 |
Endowment Analysis
| Beg. Balance | $100,823 |
| Earnings | $24,988 |
| Ending Balance | $125,811 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oregonians For Online Education Inc Scio, OR | $4,402,348 | $19,081,202 |
Head Start Of Lane County Springfield, OR | $2,527,429 | $16,579,600 |
Bellevue Christian School Clyde Hill, WA | $30,172,969 | $19,117,313 |
Cascade Christian Schools Puyallup, WA | $24,414,305 | $18,312,938 |
Delphi Schools Inc Sheridan, OR | $68,746,624 | $17,868,394 |
Sun Valley Community School Inc Sun Valley, ID | $39,076,653 | $16,449,416 |
Idaho Arts Charter School Nampa, ID | $27,001,838 | $12,430,623 |
St Marys Of Medford Inc Medford, OR | $29,778,861 | $10,667,764 |
Compass Public Charter School Inc Meridian, ID | $30,633,815 | $11,054,812 |
Saint Georges School Spokane, WA | $26,592,411 | $9,553,681 |
Eton School Foundation Bellevue, WA | $11,656,623 | $8,432,891 |
International School Portland, OR | $15,344,083 | $7,525,530 |