Civic Intelligence

Academy of Whole Learning

990 • Fiscal year 2024 • EIN 16-1671503

Aug 01, 2023 to Jul 31, 2024 • Filed on Nov 15, 2024

1001 Boone Ave NGolden Valley, MN 55427

(952) 737-6900

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

49th percentile

0.16x

Higher debt load relative to assets than 49% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

64th percentile

0.41x

Higher debt load relative to revenue than 64% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

20th percentile

-7.9%

Higher net margin than 20% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

60th percentile

$214,592

Higher top officer pay than 60% of similar nonprofits.

Top officer pay equals 2.9% of source-year revenue.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

55th percentile

6.6%

Faster asset growth than 55% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

18th percentile

-11%

Faster revenue growth than 18% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Up

$18,854,617

Up $1,172,531 (+6.6%) from 2023

Net Assets

Down

$15,888,564

Down $513,962 (-3.1%) from 2023

Liabilities

Up

$2,966,053

Up $1,686,493 (+132%) from 2023

Revenue

Down

$7,279,036

Down $871,053 (-11%) from 2023

Expenses

Up

$7,850,824

Up $1,483,261 (+23%) from 2023

Net Income

Down

-$571,788

Down $2,354,314 (-132%) from 2023

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$30M$20M$10M$0-$10MAssets 2011: $51,797Liabilities 2011: $52,815Net Assets 2011: -$1,0182011Assets 2012: $91,742Liabilities 2012: $62,025Net Assets 2012: $29,7172012Assets 2013: $248,189Liabilities 2013: $202,897Net Assets 2013: $45,2922013Assets 2014: $337,243Liabilities 2014: $246,874Net Assets 2014: $90,3692014Assets 2015: $541,273Liabilities 2015: $386,927Net Assets 2015: $154,3462015Assets 2016: $697,347Liabilities 2016: $457,435Net Assets 2016: $239,9122016Assets 2017: $812,267Liabilities 2017: $477,767Net Assets 2017: $334,5002017Assets 2018: $1,011,822Liabilities 2018: $622,328Net Assets 2018: $389,4942018Assets 2019: $1,909,716Liabilities 2019: $833,053Net Assets 2019: $1,076,6632019Assets 2020: $2,387,838Liabilities 2020: $1,084,016Net Assets 2020: $1,303,8222020Assets 2021: $10,374,738Liabilities 2021: $1,028,249Net Assets 2021: $9,346,4892021Assets 2022: $21,363,631Liabilities 2022: $6,222,528Net Assets 2022: $15,141,1032022Assets 2023: $17,682,086Liabilities 2023: $1,279,560Net Assets 2023: $16,402,5262023Assets 2024: $18,854,617Liabilities 2024: $2,966,053Net Assets 2024: $15,888,5642024Assets 2025: $18,919,532Liabilities 2025: $3,497,356Net Assets 2025: $15,422,1762025

Highlighted filing

2024

Assets$18,854,617
Liabilities$2,966,053
Net Assets$15,888,564

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0-$5.0MRevenue 2011: $413,732Expenses 2011: $423,415Net Income 2011: -$9,6832011Revenue 2012: $440,570Expenses 2012: $409,835Net Income 2012: $30,7352012Expenses 2013: $517,2172013Revenue 2014: $809,193Expenses 2014: $762,115Net Income 2014: $47,0782014Revenue 2015: $1,084,869Expenses 2015: $1,000,291Net Income 2015: $84,5782015Revenue 2016: $1,339,091Expenses 2016: $1,253,525Net Income 2016: $85,5662016Revenue 2017: $1,950,705Expenses 2017: $1,856,432Net Income 2017: $94,2732017Revenue 2018: $2,188,156Expenses 2018: $2,126,885Net Income 2018: $61,2712018Revenue 2019: $3,170,515Expenses 2019: $2,483,346Net Income 2019: $687,1692019Revenue 2020: $3,309,263Expenses 2020: $3,090,234Net Income 2020: $219,0292020Revenue 2021: $11,141,204Expenses 2021: $3,856,751Net Income 2021: $7,284,4532021Revenue 2022: $11,015,661Expenses 2022: $5,204,299Net Income 2022: $5,811,3622022Revenue 2023: $8,150,089Expenses 2023: $6,367,563Net Income 2023: $1,782,5262023Revenue 2024: $7,279,036Expenses 2024: $7,850,824Net Income 2024: -$571,7882024Revenue 2025: $8,774,196Expenses 2025: $9,292,607Net Income 2025: -$518,4112025

Highlighted filing

2024

Revenue$7,279,036
Expenses$7,850,824
Net Income-$571,788
Jump To
Filing Snapshot
Filing Period
Aug 1, 2023 to Jul 31, 2024
Signed
Nov 15, 2024
Return Version
2023v5.0
Gross Receipts
$7,342,052
Mission and Program Overview

Mission

Franklin center transforms lives by addressing the holistic academic, social, emotional and mental health needs of the neurodiverse community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$10,193,382$14,069,962▲ $3,876,580
Pledges and Grants Receivable$3,926,269$1,835,926▼ $2,090,343
Savings and Temporary Cash Investments$1,988,485$1,035,252▼ $953,233
Investments in Publicly Traded Securities$701,144$776,765▲ $75,621
Cash and Non-Interest-Bearing Accounts$495,668$588,249▲ $92,581
Accounts Receivable$293,814$460,725▲ $166,911
Prepaid Expenses and Deferred Charges$83,324$87,738▲ $4,414
Total Assets$17,682,086$18,854,617▲ $1,172,531
Liabilities
Mortgage Notes Payable Secured by Investment Property-$2,126,819-
Deferred Revenue$630,873$579,127▼ $51,746
Other Liabilities$377,360--
Accounts Payable and Accrued Expenses$271,327$260,107▼ $11,220
Total Liabilities$1,279,560$2,966,053▲ $1,686,493
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$12,471,256$13,927,638▲ $1,456,382
Net Assets With Donor Restrictions$3,931,270$1,960,926▼ $1,970,344
Total Net Assets Fund Balance$16,402,526$15,888,564▼ $513,962
Total Liabilities and Net Assets / Fund Balance$17,682,086$18,854,617▲ $1,172,531

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$12,245,482$663,479$12,908,961
Land$1,298,000-$1,298,000
Equipment$526,480$177,644$704,124

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$701,144-▲ $75,621-$776,765
2022$665,802-▲ $35,342-$701,144
2021$677,842-▼ $12,040-$665,802
2020$620,097-▲ $57,745-$677,842
2019$604,158-▲ $15,939-$620,097
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Katherine SnowExecutive DiFT$195,900$18,692$214,592
Katherine SnowExecutive Director-$195,900$18,692$214,592
Molly TellijohnFinance DireFT$123,377$8,640$132,017

Board Members and Trustees

NameTitle
Bob TiftBoard Chair
Mike BrownVice Chair
Audra WilliamsTrustee
Casey BurrowsTrustee
Chris RahillTrustee
David SalmonTrustee
Jen KyllonenTrustee
Leah SchellinTrustee
Mark ZemanTrustee
Pat MulvihillTrustee
Rahul KansaraTrustee
Ross OlsonTrustee
Steve HallTrustee
Teri CrosbyTrustee
Brenda FurlowGovernance C
Aki YoshinoSecretary
Andrew LanikTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$670,725
Program Service Revenue
$6,432,103
Investment Income
$87,558
Other Revenue
$88,650
All Other Contributions
$670,725
Change in Net Assets
$-571,788

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded4$31,378Fair Market Value (FMV)
Other Non Cash Contri Table1$1,146Fair Market Value (FMV)
Total Noncash Contributions5$32,524-

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,839,918
Revenue Not Reported on Financial Statements
$439,118
Revenue Not Reported on Form 990
$56,323
Other Revenue Adjustments
$439,118
Total Revenue per Audited Statements
$6,896,241
Total Revenue per Form 990
$7,279,036
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,619,771
Other Expenses$1,791,935
Total Fundraising Expense$467,735
Grants and Similar Amounts Paid$439,118
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,490,638$878,277$201,610$4,570,525
Grants to Domestic Individuals$439,118--$439,118
Depreciation Depletion-$403,031-$403,031
Payroll Taxes$295,836$67,837$16,559$380,232
Other Employee Benefits$262,646$63,004$11,558$337,208
Fees for Services Other$98,446$129,487$68,319$296,252
Occupancy$188,395$96,585$10,484$295,464
Current Officers, Directors, Trustees, and Key Employees$183,852$46,678$10,517$241,047
Office Expenses$105,579$51,435$42,810$199,824
Information Technology$130,758$37,160$12,259$180,177
Interest-$148,100-$148,100
Pension Plan Contributions$53,349$32,450$4,960$90,759
Advertising--$86,409$86,409
Insurance$30,759$11,298$1,965$44,022
Fees for Services Accounting-$26,000-$26,000
Fees for Services Legal-$4,770-$4,770
Other Expenses$3,864$5,334$285$3,864
Total Functional Expenses$5,381,612$2,001,477$467,735$7,850,824

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$7,850,824
Expenses per Audited Statements$7,411,706
Total Expenses per Audited Statements$7,411,706
Expenses Not Reported on Financial Statements$439,118
Other Expense Adjustments$439,118
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 1A

The executive committee has the authority to act on behalf of the governing body. The committee is comprised of the governance chair, board chair, vice chair, treasurer, and secretary of the organization.

Form 990, Page 6, Part VI, Line 2

Katherine snow teri crosby vice, int ed secretary family relationship

Form 990, Page 6, Part VI, Line 11B

The annual completed 990 form is sent to each member of the board's finance committee for a thorough review. The finance committee meets with the auditor annually soon thereafter. Then following approval by the finance committee, the completed 990 form is sent to each trustee to review prior to a meeting where the board votes to affirm.

Form 990, Page 6, Part VI, Line 12C

Yes, the conflict of interest policy is consistently monitored and enforced. At the beginning of each fiscal year, each board trustee and key staff member completes a conflict of interest form. The governance committee reviews each form to determine any conflicts. Additionally, each trustee is asked to excuse themselves on board votes that might be considered in conflict.

Form 990, Page 6, Part VI, Line 15A

A comparability study is done using data from similar size and similar mission based nonprofits and presented to the board chair. The comparable nonproftis include minnesota independent school forum, minnesota independence college and community, groves academy, st davids child care center, monarch institute-houston, mount olivet rolling acres, mounds park academy. The board chair and the members of the finance committee determine the annual salary which is presented to the board of trustees for an annual vote of approval.

Form 990, Page 6, Part VI, Line 15B

We have chosen to match the market when compensating key employees. Our pay is roughly the same as our competitiors, as determined by the minnesota nonprofit council's biennial salary chart. We look at two key factors; geographic location - we use twin cities, budget - we use 2,000,000 - 5,000,000, and we determine to be within 90% of the 50th percentile for like positions.

Form 990, Page 6, Part VI, Line 18

990s are posted on guidestar for easy access for the public. More recent 990s and the 1023 are available for public inspection upon request.

Form 990, Page 6, Part VI, Line 19

A summary of our audited financials are made available in our annual report each year. The annual report is sent by email to all stakeholders and is posted on our website. Governing documents including the conflict of interest policy are available upon request.

Filing and Contact Details

Filer

Filer Name
Franklin Center
EIN
16-1671503
Phone
9527376900
Address
1001 BOONE AVE N, GOLDEN VALLEY, MN 55427

Signing Officer

Name
Katherine Snow
Title
Executive Director
Phone
9527376900
Signed
2024-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Katherine Snow
Formed
2004
Legal Domicile
Mn
Voting Board Members
17
Independent Board Members
17
Employees
84
Volunteers
60

Preparer

Firm
Boyum & Barenscheer Pllp
Address
3050 METRO DR STE 200, MINNEAPOLIS, MN 55425-1547
Preparer
Ashley Sparks
Phone
9528544244
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Item C

Academy of whole learning

Form 990, Part XI, Line 9

Scholarships & financial aid awarded -439,118 scholarships & financial aid awarded 439,118

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

The board of trustees has designated an endowment fund from net assets without donor restrictions. The investment objectives of the fund are to enable a rate of return that over the long run will retain the purchasing power of the contributions made to the endowment and allow 2-5% of the balance in the endowment to be distributed each year. The annual distributions are to be used for franklin's operating needs. It is the intent to retain in the endowment fund an amount at least equal to the inflation-adjusted amounts of cumulative donations. However, the board has the discretion to make exceptions to this intent. Any such exception, however, requires the approval of a 75% supermajority of the total board membership.

Schedule D, Page 3, Part X

Management has evaluated its tax positions and has concluded that they do not result in anything that would require either recording or disclosure in the consolidated financial statements. Aowl properties llc is included as a disregarded entity in the franklin center federal and state filings.

Schedule D, Page 4, Part XI, Line 4B

Scholarships & financial aid awarded 439,118

Schedule D, Page 4, Part XII, Line 4B

Scholarships & financial aid awarded 439,118

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IRS990/Form990PartVIISectionAGrp/TitleTxt2GOVERNANCE C
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IRS990/Form990PartVIISectionAGrp/TitleTxt5TREASURER
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IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
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IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
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IRS990/Form990PartVIISectionAGrp/TitleTxt12TRUSTEE
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IRS990/Form990PartVIISectionAGrp/TitleTxt14TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt15TRUSTEE
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IRS990/MissionDesc0FRANKLIN CENTER TRANSFORMS LIVES BY ADDRESSING THE HOLISTIC ACADEMIC, SOCIAL, EMOTIONAL AND MENTAL HEALTH NEEDS OF THE NEURODIVERSE COMMUNITY.
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IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt032450
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IRS990/ProgramServiceRevenueGrp/Desc0TUITION AND FEES
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt12164232
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2363183
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3165393
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2363183
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3165393
IRS990/ProgSrvcAccomActy2Grp/Desc0FRANKLIN THERAPY - WE ARE CREDENTIALED WITH SEVERAL MAJOR INSURANCE COMPANIES, INCLUDING HEALTH PARTNERS LOCALLY AND CIGNA NATIONALLY. WE ARE CERTIFIED THROUGH THE MINNESOTA DEPARTMENT OF HUMAN SERVICES, WHICH MEANS THAT WE CAN PROVIDE SERVICES TO CLIENTS WHO ARE ELIGIBLE FOR STATE MEDICAL ASSISTANCE. WE HAVE INCREASED THE NUMBER OF MENTAL AND BEHAVIORAL THERAPY STAFF IN ORDER TO SERVE ADDITIONAL CLIENTS AND FAMILIES.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt02363657
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt02422380
IRS990/ProgSrvcAccomActy3Grp/Desc0FRANKLIN CAPSTONE - OUR AUDIT PROGRAM HELPS PINPOINT THE AREAS FOR GROWTH NECESSARY TO HELP YOUNG ADULTS 18-28 WITH ASD AND OTHER NEURODIVERSITIES LIVE THEIR MORE INDEPENDENT, PRODUCTIVE, AND SELF- ACTUALIZED LIVES. WE ALSO OFFERVOCATIONAL REHABILITATION SERVICES, WORKING WITH CLIENTS TO HELP THEM TO FUNCTION IN THEIR HOMES, AT WORK, AND IN THEIR COMMUNITIES.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0676323
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IRS990/RevenueAmt03008669
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt01035252

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$18.9$3.50$15.4$8.77$9.29$0.52
2024Detailed filing. Detailed filing data is available for this year.$18.9$2.97$15.9$7.28$7.85$0.57
2023Detailed filing. Detailed filing data is available for this year.$17.7$1.28$16.4$8.15$6.37$1.78
2022Detailed filing. Detailed filing data is available for this year.$21.4$6.22$15.1$11.0$5.20$5.81
2021Detailed filing. Detailed filing data is available for this year.$10.4$1.03$9.35$11.1$3.86$7.28
2020Detailed filing. Detailed filing data is available for this year.$2.39$1.08$1.30$3.31$3.09$0.22
2019Detailed filing. Detailed filing data is available for this year.$1.91$0.83$1.08$3.17$2.48$0.69
2018Detailed filing. Detailed filing data is available for this year.$1.01$0.62$0.39$2.19$2.13$0.06
2017Summary only. Only limited summary data is available for this year.$0.81$0.48$0.33$1.95$1.86$0.09
2016Detailed filing. Detailed filing data is available for this year.$0.70$0.46$0.24$1.34$1.25$0.09
2015Detailed filing. Detailed filing data is available for this year.$0.54$0.39$0.15$1.08$1.00$0.08
2014Detailed filing. Detailed filing data is available for this year.$0.34$0.25$0.09$0.81$0.76$0.05
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.25$0.20$0.05$0.52
2012Summary only. Only limited summary data is available for this year.$0.09$0.06$0.03$0.44$0.41$0.03
2011Summary only. Only limited summary data is available for this year.$0.05$0.05$0.00$0.41$0.42$0.01