Civic Intelligence

Franklin Township Education Foundation Inc.

990 • Fiscal year 2022 • EIN 35-2000204

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 07, 2023

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

22nd percentile

0.00x

Higher debt load relative to assets than 22% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

28th percentile

0.01x

Higher debt load relative to revenue than 28% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

22nd percentile

-9.3%

Higher net margin than 22% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

47th percentile

$47,058

Higher top officer pay than 47% of similar nonprofits.

Top officer pay equals 34.3% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

13th percentile

-14%

Faster asset growth than 13% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

20th percentile

-19%

Faster revenue growth than 20% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Down

$1,032,632

Down $171,179 (-14%) from 2021

Net Assets

Down

$1,030,632

Down $173,179 (-14%) from 2021

Liabilities

Up

$2,000

Up $2,000 from 2021

Revenue

Down

$137,075

Down $31,417 (-19%) from 2021

Expenses

Down

$149,756

Down $1,425 (-0.9%) from 2021

Net Income

Down

-$12,681

Down $29,992 (-173%) from 2021

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

2022

Assets$1,032,632
Liabilities$2,000
Net Assets$1,030,632

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

2022

Revenue$137,075
Expenses$149,756
Net Income-$12,681
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 7, 2023
Return Version
2022v5.0
Gross Receipts
$165,993
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$106,946$136,980▲ $30,034
Total Assets$1,203,811$1,032,632▼ $171,179
Other Assets Total$1,096,865$895,652▼ $201,213
Liabilities
Accounts Payable and Accrued Expenses-$2,000-
Total Liabilities$0$2,000▲ $2,000
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,119,745$902,130▼ $217,615
Net Assets Without Donor Restrictions$84,066$128,502▲ $44,436
Total Net Assets Fund Balance$1,203,811$1,030,632▼ $173,179
Total Liabilities and Net Assets / Fund Balance$1,203,811$1,032,632▼ $171,179

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$139,237--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$196,605-▼ $41,852-$139,237
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-wilsonExecutive DirectorFT$47,058$47,058

Board Members and Trustees

NameTitle
Ryan DonovanPresident
Amanda SmithVice President
Chad VealDirector
Dana SherwoodDirector
Dr Kent PettetDirector
Jerome StanfordDirector
Kelly AlfordDirector
Marc HamiltonDirector
Rebecca CribbsDirector
Roberta JaggersDirector
Ron FisherDirector
Rosalie HawthorneDirector
Samuel Gray JrDirector
Tara RabiolaDirector
Ted PruittDirector
Kim LyonSecretary
Monte GardnerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$99,159
Program Service Revenue
$0
Investment Income
$27,281
Other Revenue
$10,635
All Other Contributions
$33,235
Change in Net Assets
$-12,681
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$79,477
Salaries, Compensation, and Employee Benefits$50,658
Total Fundraising Expense$23,031
Other Expenses$19,621
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$12,291$15,256$19,511$47,058
Grants to Domestic Orgs$41,801--$41,801
Grants to Domestic Individuals$37,676--$37,676
Fees for Service Investment Mgmnt Fees-$7,202-$7,202
Fees for Services Accounting-$3,900-$3,900
Payroll Taxes$940$1,167$1,493$3,600
Advertising$1,663-$1,901$3,564
Insurance-$1,402-$1,402
Fees for Services Other-$1,144-$1,144
Office Expenses-$424-$424
Travel$124$134$119$377
Other Expenses$5$8$7$20
Total Functional Expenses$94,500$32,225$23,031$149,756
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Franklin Twsp School CorpIndianapolis, IN-Educational Assistance$41,801
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$38,603
Fundraising Direct Expenses$28,868
Gaming Gross Income$950
Gaming Direct Expenses$50
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fast Flash$41,135$11,757$9,509$2,248
Golf Fore Kids$41,346$4,800$1,769$3,031
Total Events$104,527$38,603$28,868$9,735
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 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
Kim Lyon
Title
Interim Executive Director
Phone
3178035037
Signed
2023-11-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kim Lyon
Formed
1997
Legal Domicile
In
Voting Board Members
17
Independent Board Members
17
Employees
1
Volunteers
49

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 -12,809. Annuity surrender charges -41,852.

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/NetAssetsOrFundBalancesBOYAmt01203811
IRS990/NetAssetsOrFundBalancesEOYAmt01030632
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt022288
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt022288
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt09735
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt09735
IRS990/NetIncomeFromGamingGrp/RelatedOrExemptFuncIncomeAmt0900
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt0900
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-105837
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt084066
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0128502
IRS990/NoncashContributionsAmt02085
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0424
IRS990/OfficeExpensesGrp/TotalAmt0424
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01096865
IRS990/OtherAssetsTotalGrp/EOYAmt0895652
IRS990/OtherChangesInNetAssetsAmt0-54661
IRS990/OtherExpensesGrp/Desc0DUES & SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc1CREDIT CARD FEES
IRS990/OtherExpensesGrp/Desc2POSTAGE
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS
IRS990/OtherExpensesGrp/FundraisingAmt07
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01433
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt195
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt260
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt38
IRS990/OtherExpensesGrp/ProgramServicesAmt05
IRS990/OtherExpensesGrp/TotalAmt01433
IRS990/OtherExpensesGrp/TotalAmt195
IRS990/OtherExpensesGrp/TotalAmt260
IRS990/OtherExpensesGrp/TotalAmt320
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt01493
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01167
IRS990/PayrollTaxesGrp/ProgramServicesAmt0940
IRS990/PayrollTaxesGrp/TotalAmt03600
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0KIM LYON
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/ExpenseAmt037676
IRS990/ProgSrvcAccomActy2Grp/GrantAmt037676
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0102349
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt084287
IRS990/PYInvestmentIncomeAmt062189
IRS990/PYOtherExpensesAmt018608
IRS990/PYOtherRevenueAmt03954
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt017311
IRS990/PYSalariesCompEmpBnftPaidAmt048286
IRS990/PYTotalExpensesAmt0151181
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0168492
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/ReconcilationRevenueExpnssAmt0-12681
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0900
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt099159
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0102349
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt087597
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0239992
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt060834
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0589931
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt04993
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt06740
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt03910
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt03827
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt04259
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt023729
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt0286
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt02589
IRS990ScheduleA/OtherIncome170Grp/TotalAmt02875
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.70040
IRS990ScheduleA/PublicSupportPY170Pct00.64940
IRS990ScheduleA/PublicSupportTotal170Amt0431804
IRS990ScheduleA/SubstantialContributorsTotAmt0158127
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt099159
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0102349
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt087597
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0239992
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt060834
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0589931
IRS990ScheduleA/TotalSupportAmt0616535
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0196605
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0139237
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt015516
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-41852
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0169746
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0196605
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt08664
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt035523
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0163558
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0169746
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt06000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt012188
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0170458
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0163558
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt06900
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0756415
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1139237
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0BENE INT IN ASSETS HELD BY OTHERS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1ANNUITY, AT FAIR VALUE
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct01.00000
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/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0895652
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesEvent1Amt0700
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesTotalEventsAmt0700
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt065924
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt036546
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt029378
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt028868
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent2Amt0675
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt0675
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GOLF FORE KIDS
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0FAST FLASH
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent2Amt0800

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