Civic Intelligence

Franklin Schools Foundation

990EZ • Fiscal year 2016 • EIN 46-3021440

Jul 01, 2015 to Jun 30, 2016 • Filed on Feb 02, 2017

320 E Gammon RoadVineyard, UT 84058

(801) 651-7338

Siviq Scores

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

Liabilities / Assets

97th percentile

2.27x

Higher debt load relative to assets than 97% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

98th percentile

3.10x

Higher debt load relative to revenue than 98% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

3rd percentile

-173%

Higher net margin than 3% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2016

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2016

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2016

Assets

$148,286

No earlier filing loaded for comparison.

Net Assets

-$188,000

No earlier filing loaded for comparison.

Liabilities

$336,286

No earlier filing loaded for comparison.

Revenue

$108,409

No earlier filing loaded for comparison.

Expenses

$296,409

No earlier filing loaded for comparison.

Net Income

-$188,000

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0-$5.0MAssets 2016: $148,286Liabilities 2016: $336,286Net Assets 2016: -$188,0002016Assets 2017: $30,303Liabilities 2017: $5,398Net Assets 2017: $24,9052017Assets 2018: $30,401Liabilities 2018: $837Net Assets 2018: $29,5642018Assets 2019: $34,838Liabilities 2019: $0Net Assets 2019: $34,8382019Assets 2020: $8,995Liabilities 2020: $0Net Assets 2020: $8,9952020Assets 2021: $29,629Liabilities 2021: $0Net Assets 2021: $29,6292021Assets 2022: $30,063Liabilities 2022: $0Net Assets 2022: $30,0632022Assets 2023: $12,069,883Liabilities 2023: $11,920,000Net Assets 2023: $149,8832023Assets 2024: $12,052,801Liabilities 2024: $11,887,000Net Assets 2024: $165,8012024

Highlighted filing

2016

Assets$148,286
Liabilities$336,286
Net Assets-$188,000

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2016: $108,409Expenses 2016: $296,409Net Income 2016: -$188,0002016Revenue 2017: $548,384Expenses 2017: $493,243Net Income 2017: $55,1412017Revenue 2018: $288,105Expenses 2018: $279,524Net Income 2018: $8,5812018Revenue 2019: $266,057Expenses 2019: $261,620Net Income 2019: $4,4372019Revenue 2020: $253,083Expenses 2020: $278,926Net Income 2020: -$25,8432020Revenue 2021: $259,306Expenses 2021: $238,672Net Income 2021: $20,6342021Revenue 2022: $225,695Expenses 2022: $225,261Net Income 2022: $4342022Revenue 2023: $446,609Expenses 2023: $326,789Net Income 2023: $119,8202023Revenue 2024: $370,141Expenses 2024: $354,223Net Income 2024: $15,9182024

Highlighted filing

2016

Revenue$108,409
Expenses$296,409
Net Income-$188,000
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Feb 2, 2017
Return Version
2015v3.0
Gross Receipts
$108,409
Mission and Program Overview

Mission

Franklin Schools Foundation provides a quality education to a diverse population of preschool & kindergarten school children in central Utah County. We provide an environment where students create, learn, play, and inspire. We also work to create a welcoming work environment for our staff of highly trained educators and support staff. We provide meaningful opportunities for parents to volunteer and participate in fundraising.

We will achieve our vision by having our highly trained educators and diverse k-6 population of central utah county children: create, learn, play, inspire

Program Services

DescriptionGrantsExpenses
FRANKLIN DISCOVERY ACADEMY WILL CULTIVATE A LIFE-LONG SENSE OF WONDER AND CURIOSITY IN EVERY STUDENT. WE WILL EQUIP STUDENTS TO DISCOVER MEANINGFUL VALUE AND PURPOSE IN THE WORLD AND REACH THEIR FULL POTENTIAL BY HELPING THEM DEVELOP THE ABILITY TO THINK CRITICALLY, COMMUNICATE EFFECTIVELY, AND EXCEL ACADEMICALLY.$0$296,409
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
JENNIFER PRICEChair-$0--
WENDY PORTERVice Chair-$0--
CHRIS TOYNTreasurer-$0--
PAMELA LUKEMember-$0--
DANIEL L RANDALLMember-$0--
JULIE CHACONMember-$0--
BRIAN BEUTLERMember-$0--
DAVID MACFARLANEMember-$0--
Filing and Contact Details

Filer

Filer Name
Franklin Discovery
EIN
46-3021440
Phone
8016517338
Address
320 E GAMMON ROAD, VINEYARD, UT 84058

Signing Officer

Name
Jennifer Price
Title
Board Chair
Phone
8017856500
Signed
2017-02-02
Discuss with paid preparer
Yes

Preparer

Firm
Eide Bailly Llp
Address
5929 S FASHION POINTE DR STE 300, OGDEN, UT 84403
Preparer
Eric C Johnson CPA
Phone
8016211575
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 4 - Other Investment Income

Description: interest income. Amount: 110.

Form 990-ez, Part I, Line 16 - Other Expenses

Description: insurance. Amount: 1,000. Description: telephone and internet. Amount: 265. Description: advertising. Amount: 2,264. Description: travel. Amount: 20,033. Description: curriculum and supplies. Amount: 69,206. Description: interest. Amount: 3,866. Total to form 990-ez, line 16: 96,634.

Form 990-ez, Part II, Line 24 - Other Assets

Description: receivables. Beg. Of year amount: 0. End of year amount: 15,101. Description: prepaid expenditures. Beg. Of year amount: 0. End of year amount: 301.

Form 990-ez, Part II, Line 26 - Other Liabilities

Description: payables. Beg. Of year amount: 0. End of year amount: 21,380. Description: accruals. Beg. Of year amount: 0. End of year amount: 1,921. Description: misc liabilities. Beg. Of year amount: 0. End of year amount: 12,985. Description: loan for financing. Beg. Of year amount: 0. End of year amount: 300,000.

Raw XML Appendix181 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0JENNIFER PRICE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1WENDY PORTER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2CHRIS TOYN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3PAMELA LUKE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4DANIEL L RANDALL
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5JULIE CHACON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6BRIAN BEUTLER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm7DAVID MACFARLANE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0CHAIR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1VICE CHAIR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2TREASURER
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IRS990EZ/OtherChangesInNetAssetsAmt00
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IRS990EZ/PrimaryExemptPurposeTxt0WE WILL ACHIEVE OUR VISION BY HAVING OUR HIGHLY TRAINED EDUCATORS AND DIVERSE K-6 POPULATION OF CENTRAL UTAH COUNTY CHILDREN: CREATE, LEARN, PLAY, INSPIRE
IRS990EZ/PrintingPublicationsPostageAmt0662
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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0FRANKLIN DISCOVERY ACADEMY WILL CULTIVATE A LIFE-LONG SENSE OF WONDER AND CURIOSITY IN EVERY STUDENT. WE WILL EQUIP STUDENTS TO DISCOVER MEANINGFUL VALUE AND PURPOSE IN THE WORLD AND REACH THEIR FULL POTENTIAL BY HELPING THEM DEVELOP THE ABILITY TO THINK CRITICALLY, COMMUNICATE EFFECTIVELY, AND EXCEL ACADEMICALLY.
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IRS990ScheduleA/SchoolInd0X
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IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
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IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL IS EXCUSED FROM FORMAL COMPLIANCE WITH REV PROC 75-50 AS LONG AS THE SCHOOL'S CHARTER AGREEMENT WITH THE STATE OF UTAH REMAINS IN EFFECT.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL RECEIVES STATE AND FEDERAL FUNDS TO OPERATE.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: INTEREST INCOME. AMOUNT: 110.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: INSURANCE. AMOUNT: 1,000. DESCRIPTION: TELEPHONE AND INTERNET. AMOUNT: 265. DESCRIPTION: ADVERTISING. AMOUNT: 2,264. DESCRIPTION: TRAVEL. AMOUNT: 20,033. DESCRIPTION: CURRICULUM AND SUPPLIES. AMOUNT: 69,206. DESCRIPTION: INTEREST. AMOUNT: 3,866. TOTAL TO FORM 990-EZ, LINE 16: 96,634.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: RECEIVABLES. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 15,101. DESCRIPTION: PREPAID EXPENDITURES. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 301.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DESCRIPTION: PAYABLES. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 21,380. DESCRIPTION: ACCRUALS. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 1,921. DESCRIPTION: MISC LIABILITIES. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 12,985. DESCRIPTION: LOAN FOR FINANCING. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 300,000.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 4 - OTHER INVESTMENT INCOME
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS02017-02-10 21:41:12Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0JENNIFER PRICE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0BOARD CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum08017856500
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-02-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FRANKLIN DISCOVERY
ReturnHeader/Filer/BusinessNameControlTxt0FRAN
ReturnHeader/Filer/EIN0463021440
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05929 S FASHION POINTE DR STE 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0OGDEN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0UT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd084403
ReturnHeader/PreparerPersonGrp/PhoneNum08016211575
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ERIC C JOHNSON CPA
ReturnHeader/ReturnTs02017-04-28T17:39:57-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30
ReturnHeader/TaxYr02015

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