Civic Intelligence

Franklin Township Education Foundation Inc.

990 • Fiscal year 2021 • EIN 35-2000204

Jan 01, 2021 to Dec 31, 2021 • Filed on Jun 30, 2022

6141 South Franklin RoadIndianapolis, IN 46259

(317) 803-5037

Siviq Scores

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

Liabilities / Assets

17th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

17th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

46th percentile

10%

Higher net margin than 46% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

46th percentile

$44,545

Higher top officer pay than 46% of similar nonprofits.

Top officer pay equals 26.4% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

67th percentile

19%

Faster asset growth than 67% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

53rd percentile

15%

Faster revenue growth than 53% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$1,203,811

Up $194,954 (+19%) from 2020

Net Assets

Up

$1,203,811

Up $194,954 (+19%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue

Up

$168,492

Up $21,473 (+15%) from 2020

Expenses

Up

$151,181

Up $21,576 (+17%) from 2020

Net Income

Down

$17,311

Down $103 (-0.6%) from 2020

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2013: $774,065Liabilities 2013: $0Net Assets 2013: $774,0652013Assets 2014: $791,464Liabilities 2014: $0Net Assets 2014: $791,4642014Assets 2020: $1,008,857Liabilities 2020: $0Net Assets 2020: $1,008,8572020Assets 2021: $1,203,811Liabilities 2021: $0Net Assets 2021: $1,203,8112021Assets 2022: $1,032,632Liabilities 2022: $2,000Net Assets 2022: $1,030,6322022Assets 2023: $1,144,132Liabilities 2023: $6,167Net Assets 2023: $1,137,9652023Assets 2024: $1,230,142Liabilities 2024: $4,033Net Assets 2024: $1,226,1092024

Highlighted filing

2021

Assets$1,203,811
Liabilities$0
Net Assets$1,203,811

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2013: $93,357Expenses 2013: $81,831Net Income 2013: $11,5262013Revenue 2014: $124,768Expenses 2014: $107,819Net Income 2014: $16,9492014Revenue 2020: $147,019Expenses 2020: $129,605Net Income 2020: $17,4142020Revenue 2021: $168,492Expenses 2021: $151,181Net Income 2021: $17,3112021Revenue 2022: $137,075Expenses 2022: $149,756Net Income 2022: -$12,6812022Revenue 2023: $141,950Expenses 2023: $118,357Net Income 2023: $23,5932023Revenue 2024: $215,700Expenses 2024: $193,590Net Income 2024: $22,1102024

Highlighted filing

2021

Revenue$168,492
Expenses$151,181
Net Income$17,311
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Jun 30, 2022
Return Version
2021v4.2
Gross Receipts
$196,124
Mission and Program Overview

Mission

To have a positive impact on our community by supporting, enhancing, and creating unlimited educational opportunities in the public schools of franklin township.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$98,346$106,946▲ $8,600
Total Assets$1,008,857$1,203,811▲ $194,954
Other Assets Total$910,511$1,096,865▲ $186,354
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$919,000$1,119,745▲ $200,745
Net Assets Without Donor Restrictions$89,857$84,066▼ $5,791
Total Net Assets Fund Balance$1,008,857$1,203,811▲ $194,954
Total Liabilities and Net Assets / Fund Balance$1,008,857$1,203,811▲ $194,954

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$196,605--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$169,746-▲ $35,523-$196,605
2020$163,558-▲ $12,188-$169,746
2019-$170,458--$163,558
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Dianna Miller-wilsonExec. DirectorFT$44,545$44,545

Board Members and Trustees

NameTitle
Monte GardnerPresident
Ryan DonovanVice President
Amanda SmithDirector
Dana SherwoodDirector
Dr Kent PettetDirector
Jeff VealDirector
Kim LyonDirector
Marc HamiltonDirector
Michelle CrawfordDirector
Roberta JaggersDirector
Ron FisherDirector
Rosalie HawthorneDirector
Samuel Gray JrDirector
Stephen SmithDirector
Ted PruittDirector
Rebecca CribbsSecretary
Scott DonovanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$102,349
Program Service Revenue
$0
Investment Income
$62,189
Other Revenue
$3,954
All Other Contributions
$46,795
Change in Net Assets
$17,311
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$84,287
Salaries, Compensation, and Employee Benefits$48,286
Total Fundraising Expense$21,492
Other Expenses$18,608
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$48,432--$48,432
Current Officers, Directors, Trustees, and Key Employees$11,641$14,450$18,480$44,571
Grants to Domestic Individuals$35,855--$35,855
Fees for Service Investment Mgmnt Fees-$7,805-$7,805
Payroll Taxes$970$1,204$1,541$3,715
Fees for Services Accounting-$3,700-$3,700
Advertising$1,115-$1,274$2,389
Fees for Services Other-$1,221-$1,221
Insurance-$1,162-$1,162
Travel$81$89$79$249
Office Expenses-$205-$205
Other Expenses$101$69$118$69
All Other Expenses-$25-$25
Total Functional Expenses$98,195$31,494$21,492$151,181
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Franklin Twsp School CorpIndianapolis, IN-Educational Assistance$48,432
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$30,477
Fundraising Direct Expenses$26,083
Gaming Direct Expenses$1,549
Gaming Gross Income$1,109
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Fore Kids$41,120$11,468$8,773$2,695
Fast Flash$28,746$7,394$8,056$-662
Total Events$81,480$25,926$26,083$-157
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
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Scott donovan is the uncle of ryan donovan.

Form 990, Part VI, Section A, Line 6

The directors of the foundation are its only members.

Form 990, Part VI, Section A, Line 7A

Members approve election of new board members, as needed, on an annual basis.

Form 990, Part VI, Section A, Line 7B

A vote of a majority of the voting members present, in which a quorum is present, is required for approval.

Form 990, Part VI, Section A, Line 8B

The organization does not have any committees with authority to act on behalf of the governing body.

Form 990, Part VI, Section B, Line 11B

A copy of the form 990 was provided to the board of directors before it was filed. Comments to the form 990, if any, from the directors are incorporated into the 990 prior to filing.

Form 990, Part VI, Section B, Line 12C

The board of directors sign statements there are no conflicts of interest on an annual basis. Any conflicts that do arise are discussed among the board members and resolved accordingly.

Form 990, Part VI, Section B, Line 15A

The board approves compensation of the executive director.

Form 990, Part VI, Section C, Line 19

Copies are available upon request.

Filing and Contact Details

Filer

Filer Name
Franklin Township Education
EIN
35-2000204
Phone
3178035037
Address
6141 SOUTH FRANKLIN ROAD, INDIANAPOLIS, IN 46259

Signing Officer

Name
Dianna Miller-wilson
Title
Exec. Director
Phone
3178035037
Signed
2022-06-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dianna Miller-wilson
Formed
1997
Legal Domicile
In
Voting Board Members
17
Independent Board Members
17
Employees
1
Volunteers
77

Preparer

Firm
Pile Cpas
Address
ONE INDIANA SQ SUITE 1200, INDIANAPOLIS, IN 46204
Preparer
Jeremy C Kopeck CPA
Phone
3172693454
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Change in value of beneficial interest 24,967. Annuity surrender charges 35,523.

Financial Statement Notes

PART V, LINE 4:

Fund scholarships to graduates of franklin central high school to reward academic achievement and assist in the college education of persons otherwise financially unable to afford post-secondary education.

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IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO HAVE A POSITIVE IMPACT ON OUR COMMUNITY BY SUPPORTING, ENHANCING, AND CREATING UNLIMITED EDUCATIONAL OPPORTUNITIES IN THE PUBLIC SCHOOLS OF FRANKLIN TOWNSHIP.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt01008857
IRS990/NetAssetsOrFundBalancesEOYAmt01203811
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt055449
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt055449
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt04394
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt04394
IRS990/NetIncomeFromGamingGrp/RelatedOrExemptFuncIncomeAmt0-440
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt0-440
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0117153
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt089857
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt084066
IRS990/NoncashContributionsAmt03529
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0205
IRS990/OfficeExpensesGrp/TotalAmt0205
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0910511
IRS990/OtherAssetsTotalGrp/EOYAmt01096865
IRS990/OtherChangesInNetAssetsAmt060490
IRS990/OtherExpensesGrp/Desc0DUES & SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc1PRINTING
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc3POSTAGE
IRS990/OtherExpensesGrp/FundraisingAmt0118
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01000
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1407
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2157
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt369
IRS990/OtherExpensesGrp/ProgramServicesAmt0101
IRS990/OtherExpensesGrp/TotalAmt01000
IRS990/OtherExpensesGrp/TotalAmt1407
IRS990/OtherExpensesGrp/TotalAmt2376
IRS990/OtherExpensesGrp/TotalAmt369
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt01541
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01204
IRS990/PayrollTaxesGrp/ProgramServicesAmt0970
IRS990/PayrollTaxesGrp/TotalAmt03715
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0DIANNA MILLER-WILSON
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0AWARD GRANTS, SCHOLARSHIPS, AND CONTRIBUTIONS TO BENEFIT SEVERAL HUNDRED STUDENTS ALONG WITH THE STAFF IN THE PUBLIC SCHOOLS OF FRANKLIN TOWNSHIP.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt035855
IRS990/ProgSrvcAccomActy2Grp/GrantAmt035855
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt087597
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt064880
IRS990/PYInvestmentIncomeAmt046048
IRS990/PYOtherExpensesAmt017109
IRS990/PYOtherRevenueAmt013374
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt017414
IRS990/PYSalariesCompEmpBnftPaidAmt047616
IRS990/PYTotalExpensesAmt0129605
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0147019
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/ReconcilationRevenueExpnssAmt017311
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0-440
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0102349
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt087597
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0239992
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt060834
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt015465
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0506237
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt06740
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt03910
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt03827
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt04259
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt05178
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt023914
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt0286
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt02589
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt0428
IRS990ScheduleA/OtherIncome170Grp/TotalAmt03303
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.64940
IRS990ScheduleA/PublicSupportPY170Pct00.57590
IRS990ScheduleA/PublicSupportTotal170Amt0346448
IRS990ScheduleA/SubstantialContributorsTotAmt0159789
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0102349
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt087597
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0239992
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt060834
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt015465
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0506237
IRS990ScheduleA/TotalSupportAmt0533454
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0169746
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0196605
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt08664
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt035523
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0163558
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0169746
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt06000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt012188
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0170458
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0163558
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt06900
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0900260
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1196605
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0BENE INT IN ASSETS HELD BY OTHERS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1ANNUITY, AT FAIR VALUE
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.86340
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FUND SCHOLARSHIPS TO GRADUATES OF FRANKLIN CENTRAL HIGH SCHOOL TO REWARD ACADEMIC ACHIEVEMENT AND ASSIST IN THE COLLEGE EDUCATION OF PERSONS OTHERWISE FINANCIALLY UNABLE TO AFFORD POST-SECONDARY EDUCATION.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.13660
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01096865
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesEvent1Amt0400
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesTotalEventsAmt0400
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt055554
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt029652

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