Franklin Alumni Association & Foundation
- Assets
- $643.4k
- Revenue
- $116.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 03/1998
- Data as of
- 12/2023
- EIN
- 91-1746251
Organization Overview
Franklin Alumni Association & Foundation is located in Seattle, WA. The organization was established in 1998. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Franklin Alumni Association & 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 12/2023, Franklin Alumni Association & Foundation generated $116.5k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $136.3k during the year ending 12/2023. While expenses have increased by 8.3% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE FRANKLIN ALUMNI ASSOCIATION & FOUNDATION EXISTS TO ENHANCE THE EDUCATIONAL EXPERIENCE OF THE STUDENTS AT FRANKLIN HIGH SCHOOL. WE ALSO KEEP ALUMNI CONNECTED WITH EACH OTHER AND WITH FRANKLIN HIGH SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FAA&F PROVIDES GRANTS TO ENHANCE THE EDUCATIONAL EXPERIENCE OF FRANKLIN STUDENTS. WE ARE COMMITTED PROVIDE A PREDICTABLE $30,000 A YEAR TO GRANTS EACH YEAR AND THEN FUND OTHER GRANTS AS FUNDS ARE AVAILABLE. WE ARE PROUD OF THE SUPPORT WE CAN PROVIDE, MEETING A GAP IN FUNDING ENRICHMENT PROGRAMS THAT CANNOT BE MET BY A SCHOOL WITH A STUDENT POPULATION THAT IS AT LEAST TWO-THIRDS ON FREE AND REDUCED LUNCH. THESE GRANTS, OVER THE COURSE OF THE YEAR, IMPACTED NEARLY EVERY STUDENT AND STAFF MEMBER AT FRANKLIN HIGH SCHOOL.
ANNUAL OPENHOUSE (COMING HOME) AND CAREER AND SCHOLARSHIP FAIR (RISING TIDE) ARE EVENTS MEANT TO KEEP THE ALUMNI CONNECTED AND SUPPORT CURRENT STUDENTS IN PERSON AND AT IN THE SCHOOL ITSELF TO FULFILL BOTH IMPERATIVES OF OUR MISSION.
SCHOLARSHIPS FOR POST HIGH SCHOOL EDUCATION AND TRAINING FOR GRADUATING SENIORS.
QUAKER TIMES - WE MAILED OUT 1300 NEWSLETTER TO ALUMNI TWICE IN 2023. THE NEWSLETTER INFORMS ALUMNI ABOUT CLASS REUNIONS, FEATURE STORIES ABOUT ALUMNI, AND GIVE UPDATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah Burton President | Officer | 10 | $0 |
David Duryee Treasurer | Officer | 5 | $0 |
Stephanie Ragland Secretary | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $7,403 |
| Fundraising events | $51,845 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $57,300 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $116,548 |
| Total Program Service Revenue | $0 |
| 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 | $116,548 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $90,695 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,847 |
| Office expenses | $278 |
| Information technology | $1,376 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $316 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,410 |
| All other expenses | $0 |
| Total functional expenses | $136,264 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,252 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $621,128 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $643,380 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $374,232 |
| Net assets with donor restrictions | $269,148 |
| 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 | $643,380 |