Civic Intelligence

Franklin Schools Foundation

990 • Fiscal year 2018 • EIN 46-3021440

Jul 01, 2017 to Jun 30, 2018 • Filed on May 04, 2019

Organization Profilefranklinschoolsfoundation.org
70 S HoldawayVineyard, UT 84058

(801) 477-0144

Siviq Scores

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

Liabilities / Assets

69th percentile

0.03x

Higher debt load relative to assets than 69% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

60th percentile

0.00x

Higher debt load relative to revenue than 60% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

49th percentile

3.0%

Higher net margin than 49% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

85th percentile

$23,809

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 8.3% of source-year revenue.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

48th percentile

0.3%

Faster asset growth than 48% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

10th percentile

-47%

Faster revenue growth than 10% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets69th percentile

Assets

Up

$30,401

Up $98 (+0.3%) from 2017

Net Assets

Up

$29,564

Up $4,659 (+19%) from 2017

Liabilities

Down

$837

Down $4,561 (-84%) from 2017

Revenue And Expenses
Liabilities / Revenue60th percentileNet Margin49th percentile

Revenue

Down

$288,105

Down $260,279 (-47%) from 2017

Expenses

Down

$279,524

Down $213,719 (-43%) from 2017

Net Income

Down

$8,581

Down $46,560 (-84%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth48th percentile

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

2018

Assets$30,401
Liabilities$837
Net Assets$29,564
Open 2018 Filing

Operations Trend

Revenue Growth10th percentile

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

2018

Revenue$288,105
Expenses$279,524
Net Income$8,581
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 4, 2019
Return Version
2017v2.0
Gross Receipts
$288,105
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.

Franklin Schools Foundation provides a quality education to a diverse population of preschool and kindergarten children in central Utah County. The Foundation also provides and supports quality educational experiences and parent volunteer opportunities for K-6 charter students enrolled at Franklin Discovery Academy-Vineyard. 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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$30,303$30,401▲ $98
Rtn Earn Endowment Incm Other Fnds$24,905$29,564▲ $4,659
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities-$0-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$30,303$30,401▲ $98
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$5,398$837▼ $4,561
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$5,398$837▼ $4,561
Net Assets / Fund Balance
Total Net Assets Fund Balance$24,905$29,564▲ $4,659
Total Liabilities and Net Assets / Fund Balance$30,303$30,401▲ $98
Compensation and Service Providers
Top Officer Pay85th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Kaylee WoolseyChair, and Preschool DirectorFT$23,809$23,809

Board Members and Trustees

NameTitle
Jaylin ScottBoard Member
Jennifer PriceCAO - Volunteer
Enkhee ChuluunTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$17,409
Program Service Revenue
$270,687
Investment Income
$9
Other Revenue
$0
All Other Contributions
$0
Change in Net Assets
$8,581
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$183,746
Other Expenses$85,568
Grants and Similar Amounts Paid$10,210
Total Fundraising Expense$4,574
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$139,755-$0$139,755
Occupancy$43,400--$43,400
Current Officers, Directors, Trustees, and Key Employees$23,810-$0$23,810
Office Expenses$22,320--$22,320
Other Employee Benefits$11,025-$0$11,025
Grants to Domestic Orgs$10,210--$10,210
Payroll Taxes$9,156-$0$9,156
Information Technology$3,540--$3,540
Advertising$3,039--$3,039
Other Expenses$2,500$0$0$2,500
Interest$2,061--$2,061
Insurance$1,689--$1,689
Fees for Services Accounting$1,000--$1,000
Travel$400--$400
Conferences and Meetings$236--$236
Total Functional Expenses$274,950$0$4,574$279,524
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
FoxTrot Walk-a-Thon$11,467$11,467$0$11,467
School Carnival$5,386$5,386$0$5,386
Total Events$16,853$16,853$2,247$14,606
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“Provided written copies to board members and admin for review. Copies provided at the board's budget meeting.”

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

“Directors are required to annually read and sign the conflict of interest statement. Directors are also required to disclose in each meeting any potential conflict. Directors are not allowed to be present in the room during a vote in which the director may have a conflict of interest.”

Form 990, Part VI, Section B, Line 15

“Compensation was determined by comparing salaries to similar positions at similar entities in Utah County using data from employment websites.”

Form 990, Part VI, Section C, Line 19

“These documents are available for public inspection as noted on our website at our offices.”

Filing and Contact Details

Filer

Filer Name
Franklin Schools Foundation
EIN
46-3021440
Phone
8014770144
Address
70 S Holdaway, Vineyard, UT 84058

Signing Officer

Name
Jennifer Price
Title
CAO Volunteer
Phone
8014770144
Signed
2019-05-04

Organization Details

Principal Officer
Jennifer Price
Formed
2014
Legal Domicile
Ut
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
230
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

“Food and school and cleaning supplies for activities and programs that support the students. Carnival and Foxtrot event expenses.”

Form 990, Part XI, Line 9

“Transfer of a liability to another organization”

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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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IRS990/ActivityOrMissionDesc0Franklin Schools Foundation provides a quality education to a diverse population of preschool and kindergarten children in central Utah County. The Foundation also provides and supports quality educational experiences and parent volunteer opportunities for K-6 charter students enrolled at Franklin Discovery Academy-Vineyard. 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.
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IRS990/MissionDesc0Franklin 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.
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IRS990/OtherChangesInNetAssetsAmt0-3922
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt011025
IRS990/OtherEmployeeBenefitsGrp/TotalAmt011025
IRS990/OtherExpensesGrp/Desc0Food and entertainment for school carnival and foxtrot walkathon
IRS990/OtherExpensesGrp/Desc1State teacher licensing fees and background checks
IRS990/OtherExpensesGrp/Desc2Equipment - non depreciated
IRS990/OtherExpensesGrp/FundraisingAmt04574
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt20
IRS990/OtherExpensesGrp/ProgramServicesAmt00
IRS990/OtherExpensesGrp/ProgramServicesAmt1809
IRS990/OtherExpensesGrp/ProgramServicesAmt22500
IRS990/OtherExpensesGrp/TotalAmt04574
IRS990/OtherExpensesGrp/TotalAmt1809
IRS990/OtherExpensesGrp/TotalAmt22500
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0139755
IRS990/OtherSalariesAndWagesGrp/TotalAmt0139755
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt00
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ProgramServicesAmt09156
IRS990/PayrollTaxesGrp/TotalAmt09156
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0Jennifer Price
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611110
IRS990/ProgramServiceRevenueGrp/BusinessCd1611110
IRS990/ProgramServiceRevenueGrp/BusinessCd2611110
IRS990/ProgramServiceRevenueGrp/Desc0Tuition
IRS990/ProgramServiceRevenueGrp/Desc1Education facilities maintenance /development
IRS990/ProgramServiceRevenueGrp/Desc2Education management
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/ExclusionAmt10
IRS990/ProgramServiceRevenueGrp/ExclusionAmt20
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0168213
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt181031
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt221443
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0168213
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt181031
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt221443
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt10
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt20
IRS990/ProgSrvcAccomActy2Grp/Desc0Parent support organization: Franklin Schools Foundation operates the Franklin Discovery Parents and FSO, which is a place for parents to volunteer and fundraise. This program operates under a disregarded LLC named Franklin Discovery Parents, LLC.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt014784
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt016853
IRS990/ProgSrvcAccomActy3Grp/Desc0Facility and exhibit management: Franklin Schools Foundation develops and maintains exciting exhibits for K-6 charter students, such as a butterfly garden exhibit that includes live plants and animals for students to interact with. FSF provides general facility services and maintenance.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt094997
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0120057
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt069598
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ProgramServicesAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0278915
IRS990/PYOtherRevenueAmt019598
IRS990/PYProgramServiceRevenueAmt0459188
IRS990/PYRevenuesLessExpensesAmt055141
IRS990/PYSalariesCompEmpBnftPaidAmt0214328
IRS990/PYTotalExpensesAmt0493243
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0548384
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt08581
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0168213
IRS990/RoyaltiesGrp/ProgramServicesAmt00
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt024905
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt029564
IRS990/SavingsAndTempCashInvstGrp/BOYAmt030303
IRS990/SavingsAndTempCashInvstGrp/EOYAmt030401
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd00
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0An ad was placed in the local newspaper.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 3
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesEvent1Amt00
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesEvent2Amt00
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesTotalEventsAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt00
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt00
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt02247
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt0715

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$30,401
Liabilities
$837
Net assets
$29,564
Revenue
$288,105
Expenses
$279,524
Net income
$8,581
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$12.1$11.9$0.17$0.37$0.35$0.02
2023Detailed filing. Detailed filing data is available for this year.$12.1$11.9$0.15$0.45$0.33$0.12
2022Detailed filing. Detailed filing data is available for this year.$0.03$0.00$0.03$0.23$0.23$0.00
2021Detailed filing. Detailed filing data is available for this year.$0.03$0.00$0.03$0.26$0.24$0.02
2020Detailed filing. Detailed filing data is available for this year.$0.01$0.00$0.01$0.25$0.28$0.03
2019Detailed filing. Detailed filing data is available for this year.$0.03$0.00$0.03$0.27$0.26$0.00
2018Detailed filing. Detailed filing data is available for this year.$0.03$0.00$0.03$0.29$0.28$0.01
2017Detailed filing. Detailed filing data is available for this year.$0.03$0.01$0.02$0.55$0.49$0.06
2016Detailed filing. Detailed filing data is available for this year.$0.15$0.34$0.19$0.11$0.30$0.19