THE FRANKLIN ACADEMY: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
THE FRANKLIN ACADEMY (EIN 91-1434401)
Tax period
2024-08-01 to 2025-07-31
Filed
2026-05-29
IRS object ID
202611499349300801
Schema version
2024v5.5
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2026-05-29T08:56:57-05:00ReturnTs
Tax Period End2025-07-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN882533599PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1WERSEN NONPROFIT CPAS LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line14513 Lakeway DriveAddressLine1Txt
CityBellinghamCityNm
State AbbreviationWAStateAbbreviationCd
ZIP98229ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2024-08-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN911434401EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1The Franklin AcademyBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlFRANBusinessNameControlTxt
Phone3607331750PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11509 E Victor StAddressLine1Txt
CityBellinghamCityNm
State AbbreviationWAStateAbbreviationCd
ZIP98225ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonScott WhitmanPersonNm
Person TitleTreasurerPersonTitleTxt
Phone3607331750PhoneNum
Signature2026-05-29SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info Curr0IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonKeaton Wersen CPAPreparerPersonNm
PTINP01957642PTIN
Phone3607709369PhoneNum
Self EmployedYes (X)SelfEmployedInd
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerScott WhitmanPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line11509 E Victor StAddressLine1Txt
CityBellinghamCityNm
State AbbreviationWAStateAbbreviationCd
ZIP98225ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$6,797,476GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website Addressthefranklin.academyWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2001FormationYr
Legal Domicile StateWALegalDomicileStateCd
Activity Or MissionProvide education integrating STEM, rigor, and leadership while developing character based on timeless values in a close-knit community.ActivityOrMissionDesc
Voting Members Governing Body12VotingMembersGoverningBodyCnt
Voting Members Independent12VotingMembersIndependentCnt
Total Employee106TotalEmployeeCnt
Total Volunteers168TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$1,222,644PYContributionsGrantsAmt
CY Contributions Grants$1,357,771CYContributionsGrantsAmt
PY Program Service Revenue$4,474,727PYProgramServiceRevenueAmt
CY Program Service Revenue$4,836,872CYProgramServiceRevenueAmt
PY Investment Income$6,205PYInvestmentIncomeAmt
CY Investment Income$48,204CYInvestmentIncomeAmt
PY Other Revenue$138,646PYOtherRevenueAmt
CY Other Revenue$214,257CYOtherRevenueAmt
PY Total Revenue$5,842,222PYTotalRevenueAmt
CY Total Revenue$6,457,104CYTotalRevenueAmt
PY Grants And Similar Paid$197,866PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$590,350CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$3,862,544PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$4,177,671CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$119,547CYTotalFundraisingExpenseAmt
PY Other Expenses$1,648,357PYOtherExpensesAmt
CY Other Expenses$1,266,794CYOtherExpensesAmt
PY Total Expenses$5,708,767PYTotalExpensesAmt
CY Total Expenses$6,034,815CYTotalExpensesAmt
PY Revenues Less Expenses$133,455PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$422,289CYRevenuesLessExpensesAmt
Total Assets BOY$5,479,355TotalAssetsBOYAmt
Total Assets EOY$6,641,012TotalAssetsEOYAmt
Total Liabilities BOY$4,886,253TotalLiabilitiesBOYAmt
Total Liabilities EOY$5,611,481TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$593,102NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$1,029,531NetAssetsOrFundBalancesEOYAmt
MissionProvide education integrating STEM, rigor, and leadership while developing character based on timeless values in a close-knit community.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$4,637,195ExpenseAmt
Grant$590,350GrantAmt
Revenue$4,924,591RevenueAmt
DescThe Academy's programs include a preschool for children ages 2 1/2 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.Grants include Academy-funded financial aid to eligible families and discounts to employees.Desc
Total Program Service Expenses$4,637,195TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi EndowmentsYes (1)DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (1)ConsolidatedAuditFinclStmtInd
School OperatingYes (1)SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising ActivitiesYes (1)FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To IndividualsYes (1)GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related PersonYes (1)GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash ContriYes (1)DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document9IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee106EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo ContributionsYes (1)QuidProQuoContributionsInd
Quid Pro Quo Contri DisclYes (1)QuidProQuoContriDisclInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members12GoverningBodyVotingMembersCnt
Independent Voting Member12IndependentVotingMemberCnt
Family Or Business RlnYes (1)FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or StockholdersYes (1)MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower Policy0WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Anne-Marie Misko-KennedyBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone3607331750PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11509 E Victor StAddressLine1Txt
CityBellinghamCityNm
State AbbreviationWAStateAbbreviationCd
ZIP98225ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (16 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtHighest Compensated EmployeeHighestCompensatedEmployeeInd
Matt Conner
President1.00Yes (X)Yes (X)$0$0$0
Sarah Kaiser
1st Vice President1.00Yes (X)Yes (X)$0$0$0
Nadia Boulos
Secretary1.00Yes (X)Yes (X)$0$0$0
Scott Whitman
Treasurer1.00Yes (X)Yes (X)$0$0$01.00
Jennifer Bowles
Board Member1.00Yes (X)$0$0$0
Jaime Cleveland
Board Member1.00Yes (X)$0$0$0
Nicholas Kaiser
Board Member1.00Yes (X)$0$0$01.00
Kevin Cooley
Board Member1.00Yes (X)$0$0$0
Greg Stevenson
Board Member1.00Yes (X)$0$0$0
John Mulhern
Board Member1.00Yes (X)$0$0$0
Danielle Tandon
Board Member1.00Yes (X)$0$0$0
Bassam Boulos
Board Member1.00Yes (X)$0$0$0
Tung Mai
Board Member1.00Yes (X)$0$0$0
Gretchen Bucsko
Head of School40.00Yes (X)$179,418$0$19,234
Anne-Marie Misko-Kennedy
Director of Finance and Op40.00Yes (X)$86,599$0$8,290
Melanie Hurley
Associate Head of School40.00$109,835$0$11,631Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$375,852TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$39,155TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K2IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (2 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
Cleaning Theory
36 Strawberry Point CtBellinghamWA98229Janitorial services$216,380
RAM Construction
4290 Pacific HwyBellinghamWA98226Construction$187,491
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K2CntrctRcvdGreaterThan100KCnt
Fundraising$782,475FundraisingAmt
All Other Contributions$575,296AllOtherContributionsAmt
Noncash Contributions$198,910NoncashContributionsAmt
Total Contributions$1,357,771TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (3 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
Tuition611110$4,594,100$4,594,100
School programs611110$220,959$220,959
Fees611110$21,813$21,813
FieldValueIRS element (for citing)
Total Program Service Revenue$4,836,872TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$48,204TotalRevenueColumnAmt
Exclusion$48,204ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$68,262RealAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$0RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$68,262RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$68,262TotalRevenueColumnAmt
Exclusion$68,262ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$398,648FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$782,475ContriRptFundraisingEventAmt
Fundraising Direct Expenses$340,372FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column$58,276TotalRevenueColumnAmt
Exclusion$58,276ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescOtherDesc
Business611110BusinessCd
Total Revenue Column$87,719TotalRevenueColumnAmt
Related Or Exempt Func Income$87,719RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$87,719OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$6,457,104TotalRevenueColumnAmt
Related Or Exempt Func Income$4,924,591RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$174,742ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$365,550TotalAmt
Program Services$365,550ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$224,800TotalAmt
Program Services$224,800ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$344,346TotalAmt
Program Services$21,600ProgramServicesAmt
Management And General$292,747ManagementAndGeneralAmt
Fundraising$29,999FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$3,287,347TotalAmt
Program Services$2,680,416ProgramServicesAmt
Management And General$551,507ManagementAndGeneralAmt
Fundraising$55,424FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$41,940TotalAmt
Program Services$29,009ProgramServicesAmt
Management And General$12,169ManagementAndGeneralAmt
Fundraising$762FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$200,844TotalAmt
Program Services$176,380ProgramServicesAmt
Management And General$20,235ManagementAndGeneralAmt
Fundraising$4,229FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$303,194TotalAmt
Program Services$209,746ProgramServicesAmt
Management And General$87,793ManagementAndGeneralAmt
Fundraising$5,655FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$3,859TotalAmt
Management And General$3,859ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$47,400TotalAmt
Management And General$47,400ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$218,662TotalAmt
Program Services$177,884ProgramServicesAmt
Management And General$39,551ManagementAndGeneralAmt
Fundraising$1,227FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$23,174TotalAmt
Program Services$7,837ProgramServicesAmt
Management And General$11,788ManagementAndGeneralAmt
Fundraising$3,549FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$31,497TotalAmt
Program Services$13,007ProgramServicesAmt
Management And General$14,002ManagementAndGeneralAmt
Fundraising$4,488FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$421,417TotalAmt
Program Services$308,912ProgramServicesAmt
Management And General$107,288ManagementAndGeneralAmt
Fundraising$5,217FundraisingAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$66,896TotalAmt
Program Services$50,172ProgramServicesAmt
Management And General$16,724ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$96,371TotalAmt
Program Services$73,373ProgramServicesAmt
Management And General$15,332ManagementAndGeneralAmt
Fundraising$7,666FundraisingAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
Supplies and equipment$143,103$112,608$30,271$224
Education and teaching$138,275$138,275
Bad debt write-off$13,950$13,950
Dues and memberships$12,248$1,818$9,422$1,008

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$49,942TotalAmt
Program Services$45,808ProgramServicesAmt
Management And General$4,035ManagementAndGeneralAmt
Fundraising$99FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$6,034,815TotalAmt
Program Services$4,637,195ProgramServicesAmt
Management And General$1,278,073ManagementAndGeneralAmt
Fundraising$119,547FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$2,747,003BOYAmt
EOY$574,031EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
EOY$2,662,686EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$2,111,927BOYAmt
EOY$2,526,278EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$224,331BOYAmt
EOY$331,194EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$1,020,140LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$661,845LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$249,215BOYAmt
EOY$358,295EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$139,879BOYAmt
EOY$156,590EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$7,000BOYAmt
EOY$31,938EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$5,479,355BOYAmt
EOY$6,641,012EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$426,694BOYAmt
EOY$418,131EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$4,459,559BOYAmt
EOY$5,193,350EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$4,886,253BOYAmt
EOY$5,611,481EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY-$66,477BOYAmt
EOY$397,477EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$659,579BOYAmt
EOY$632,054EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$593,102BOYAmt
EOY$1,029,531EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$5,479,355BOYAmt
EOY$6,641,012EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$422,289ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$14,140NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$139,879BeginningYearBalanceAmt
Investment Earnings Or Losses$16,711InvestmentEarningsOrLossesAmt
End Year Balance$156,590EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$118,399BeginningYearBalanceAmt
Investment Earnings Or Losses$21,480InvestmentEarningsOrLossesAmt
End Year Balance$139,879EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$110,061BeginningYearBalanceAmt
Investment Earnings Or Losses$8,338InvestmentEarningsOrLossesAmt
End Year Balance$118,399EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$125,811BeginningYearBalanceAmt
Investment Earnings Or Losses-$15,750InvestmentEarningsOrLossesAmt
End Year Balance$110,061EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$100,823BeginningYearBalanceAmt
Investment Earnings Or Losses$24,988InvestmentEarningsOrLossesAmt
End Year Balance$125,811EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY0.00000BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY0.27110PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.72890TermEndowmentBalanceEOYPct
Endowments Held Unrelated Org0EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org0EndowmentsHeldRelatedOrgInd

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$187,753OtherCostOrOtherBasisAmt
Depreciation$8,192DepreciationAmt
Book Value$179,561BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$367,807OtherCostOrOtherBasisAmt
Depreciation$209,286DepreciationAmt
Book Value$158,521BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$464,580OtherCostOrOtherBasisAmt
Depreciation$444,367DepreciationAmt
Book Value$20,213BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$358,295TotalBookValueLandBuildingsAmt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePart V, Line 4:FormAndLineReferenceDesc
ExplanationThe endowments are intended to be used for tuition assistance and teacher enrichment expenses.ExplanationTxt

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (1)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (1)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediaYes (1)PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (1)MaintainRacialCompRecsInd
Maintain Scholarships RecsYes (1)MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (1)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (1)MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts0DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy0DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty0DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs0DiscriminateRaceSchsInd
Discriminate Race Educ Plcy0DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts0DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog0DiscriminateRaceAthltProgInd
Discriminate Race Other Acty0DiscriminateRaceOtherActyInd
Government Financial Aid Rcvd0GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd0GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (1)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSchedule E, Part I, Line 3FormAndLineReferenceDesc
ExplanationPosting on the Academy's public website, sharing in newspapers and broadcast mediaExplanationTxt

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1GalaEvent1Nm
Gross Receipts Event1$1,139,198GrossReceiptsEvent1Amt
Charitable Contri Event1$740,550CharitableContriEvent1Amt
Gross Revenue Event1$398,648GrossRevenueEvent1Amt
Non Cash Prizes Event1$54,426NonCashPrizesEvent1Amt
Rent Facility Costs Event1$41,773RentFacilityCostsEvent1Amt
Entertainment Event1$27,296EntertainmentEvent1Amt
Other Direct Expenses Event1$213,733OtherDirectExpensesEvent1Amt
Event2Walk-a-thonEvent2Nm
Gross Receipts Event2$41,925GrossReceiptsEvent2Amt
Charitable Contri Event2$41,925CharitableContriEvent2Amt
Other Direct Expenses Event2$3,144OtherDirectExpensesEvent2Amt
Gross Receipts Total$1,181,123GrossReceiptsTotalAmt
Charitable Contributions Tot$782,475CharitableContributionsTotAmt
Gross Revenue Total Events$398,648GrossRevenueTotalEventsAmt
Non Cash Prizes Total Events$54,426NonCashPrizesTotalEventsAmt
Rent Fclty Costs Total Events$41,773RentFcltyCostsTotalEventsAmt
Entertainment Total Events$27,296EntertainmentTotalEventsAmt
Oth Direct Expnss Total Events$216,877OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$340,372DirectExpenseSummaryEventsAmt
Net Income Summary$58,276NetIncomeSummaryAmt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Recipient Table RecipientTable

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1The Franklin Force FoundationBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line11509 E Victor StAddressLine1Txt
CityBellinghamCityNm
State AbbreviationWAStateAbbreviationCd
ZIP98225ZIPCd
FieldValueIRS element (for citing)
Recipient EIN871587326RecipientEIN
IRC Section501(c)(3)IRCSectionDesc
Cash Grant$365,550CashGrantAmt
Non Cash Assistance$0NonCashAssistanceAmt
Purpose Of GrantTransfer of capital campaign contributionsPurposeOfGrantTxt
FieldValueIRS element (for citing)
Total501c3 Org1Total501c3OrgCnt

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (2 entries)

Grant TypeGrantTypeTxtRecipientRecipientCntCash GrantCashGrantAmt
Tuition discount for staff16$87,950
Tuition assistance37$136,850

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePart I, Line 2:FormAndLineReferenceDesc
ExplanationGrants to Franklin Force Foundation, a related party, are approved by management and the board. Families apply for tuition assistance by providing several pieces of information used to determine eligibility and amount of award. Per employee handbook, tuition discounts are available to employees at 0.75 FTE and each employee is eligibile to receive up to 50% of tuition per qualifying relative student. Exceptions for staff with an FTE less than 0.75 may be granted at the sole discretion of the Head of School. All tuition assistance and discounts are tracked by management through FACTS tuition management software.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonGretchen BucskoPersonNm
TitleHead of SchoolTitleTxt
Base Compensation Filing Org$173,535BaseCompensationFilingOrgAmt
Compensation Based On Rltd Orgs$0CompensationBasedOnRltdOrgsAmt
Bonus Filing Organization$5,883BonusFilingOrganizationAmount
Bonus Related Organizations$0BonusRelatedOrganizationsAmt
Other Compensation Filing Org$0OtherCompensationFilingOrgAmt
Other Compensation Rltd Orgs$0OtherCompensationRltdOrgsAmt
Deferred Compensation Flng Org$5,452DeferredCompensationFlngOrgAmt
Deferred Comp Rltd Orgs$0DeferredCompRltdOrgsAmt
Nontaxable Benefits Filing Org$13,782NontaxableBenefitsFilingOrgAmt
Nontaxable Benefits Rltd Orgs$0NontaxableBenefitsRltdOrgsAmt
Total Compensation Filing Org$198,652TotalCompensationFilingOrgAmt
Total Compensation Rltd Orgs$0TotalCompensationRltdOrgsAmt
Comp Report Prior990 Filing Org$0CompReportPrior990FilingOrgAmt
Comp Report Prior990 Rltd Orgs$0CompReportPrior990RltdOrgsAmt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePart I, Line 3FormAndLineReferenceDesc
ExplanationSalary for the Head of School is determined and approved by the Executive Committee of the Board.ExplanationTxt

Schedule L IRS990ScheduleL

Grnt Asst Bnft Interested Prsn GrntAsstBnftInterestedPrsnGrp

FieldValueIRS element (for citing)
Cash Grant$6,000CashGrantAmt
Type Of AssistanceDiscounted tuitionTypeOfAssistanceTxt
Assistance PurposeDiscounted tuitionAssistancePurposeTxt

Schedule M IRS990ScheduleM

Other Non Cash Contri Table OtherNonCashContriTableGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
DescAuction itemsDesc
Contribution561ContributionCnt
Noncash Contributions Rpt F990$192,366NoncashContributionsRptF990Amt
Method Of Determining RevenuesFMVMethodOfDeterminingRevenuesTxt
FieldValueIRS element (for citing)
Any Property That Must Be Held0AnyPropertyThatMustBeHeldInd
Review Process Unusual NC Gifts0ReviewProcessUnusualNCGiftsInd
Third Parties Used0ThirdPartiesUsedInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePart I, Column (b):FormAndLineReferenceDesc
ExplanationThe Organization reports the number of items contributed.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990, Part VI, Section A, line 2Nicholas and Sarah Kaiser have a familial relationship.
Form 990, Part VI, Section A, line 6Parents of students are members of the Academy.
Form 990, Part VI, Section B, line 11bThe Board assigns responsibility to the Audit Committee to review the Form 990 and make recommendations to the Board to approve the tax return. The Form 990 is provided to all board members prior to filing.
Form 990, Part VI, Section B, line 12cThe Board monitors possible conflicts of interest and updates all board members annually.
Form 990, Part VI, Section B, line 15The Executive Committee performs a review of the Head of School's salary by reviewing the local market for similiar positions, performance and other factors, and the decision is documented. The top financial officer salary is reviewed by the Head of School and then presented to the board of directors for approval. The compensation is based on the local markets for similar positions, performance and factors.
Form 990, Part VI, Section C, line 19The Academy's governing documents, conflict of interest policy, and financial statements are available upon request.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1Franklin Force FoundationBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line11509 E Victor StAddressLine1Txt
CityBellinghamCityNm
State AbbreviationWAStateAbbreviationCd
ZIP98225ZIPCd
FieldValueIRS element (for citing)
EIN871587326EIN
Primary ActivitiesSupport Franklin AcademyPrimaryActivitiesTxt
Legal Domicile StateWALegalDomicileStateCd
Exempt Code Section501(c)(3)ExemptCodeSectionTxt
Public Charity StatusLine 12a, IPublicCharityStatusTxt
Direct Controlling NAN/ADirectControllingNACd
Controlled Organization0ControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgYes (1)GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of FacilitiesYes (1)SharingOfFacilitiesInd
Paid Employees SharingYes (1)PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

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