Civic Intelligence

Franklin Schools Foundation

990 • Fiscal year 2019 • EIN 46-3021440

Jul 01, 2018 to Jun 30, 2019 • Filed on Jan 06, 2020

Organization Profilefranklinschoolsfoundation.org
70 S HoldawayVineyard, UT 84059

(801) 477-0144

Siviq Scores

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

Liabilities / Assets

57th percentile

0.00x

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

57th percentile

0.00x

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

46th percentile

1.7%

Higher net margin than 46% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

86th percentile

$26,961

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 10.1% of source-year revenue.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

67th percentile

15%

Faster asset growth than 67% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

37th percentile

-7.7%

Faster revenue growth than 37% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets57th percentile

Assets

Up

$34,838

Up $4,437 (+15%) from 2018

Net Assets

Up

$34,838

Up $5,274 (+18%) from 2018

Liabilities

Down

$0

Down $837 (-100%) from 2018

Revenue And Expenses
Liabilities / Revenue57th percentileNet Margin46th percentile

Revenue

Down

$266,057

Down $22,048 (-7.7%) from 2018

Expenses

Down

$261,620

Down $17,904 (-6.4%) from 2018

Net Income

Down

$4,437

Down $4,144 (-48%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth67th 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

2019

Assets$34,838
Liabilities$0
Net Assets$34,838
Open 2019 Filing

Operations Trend

Revenue Growth37th 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

2019

Revenue$266,057
Expenses$261,620
Net Income$4,437
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jan 6, 2020
Return Version
2018v3.0
Gross Receipts
$266,057
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$30,401$34,838▲ $4,437
Rtn Earn Endowment Incm Other Fnds$29,564$34,838▲ $5,274
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$0→ $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$30,401$34,838▲ $4,437
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$837$0▼ $837
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$837$0▼ $837
Net Assets / Fund Balance
Total Net Assets Fund Balance$29,564$34,838▲ $5,274
Total Liabilities and Net Assets / Fund Balance$30,401$34,838▲ $4,437
Compensation and Service Providers
Top Officer Pay86th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Kaylee WoolseyChair, and Preschool DirectorFT$26,961$26,961

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$266,057
Investment Income
$0
Other Revenue
$0
All Other Contributions
$0
Change in Net Assets
$4,437
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$199,271
Other Expenses$53,932
Grants and Similar Amounts Paid$8,417
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$147,709--$147,709
Occupancy$29,500--$29,500
Current Officers, Directors, Trustees, and Key Employees$26,961--$26,961
Office Expenses$17,035--$17,035
Payroll Taxes$13,663--$13,663
Other Employee Benefits$10,938--$10,938
Grants to Domestic Orgs$8,417--$8,417
All Other Expenses$2,648$0$0$2,648
Insurance$2,340--$2,340
Interest$1,290--$1,290
Fees for Services Accounting$1,000--$1,000
Advertising$119--$119
Total Functional Expenses$261,620$0$0$261,620
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Professional Fundraising Fees$0
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 84059

Signing Officer

Name
Jennifer Price
Title
CAO Volunteer
Phone
8014770144
Signed
2020-01-06

Organization Details

Principal Officer
Jennifer Price
Formed
2014
Legal Domicile
Ut
Voting Board Members
3
Independent Board Members
3
Employees
28
Volunteers
230
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Transfer of a liability to another organization”

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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/ProgramServiceRevenueGrp/TotalRevenueColumnAmt227900
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt317821
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt10
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt20
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt30
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/ExpenseAmt016364
IRS990/ProgSrvcAccomActy2Grp/GrantAmt06341
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt017821
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. FSF owns an operates the facility under the disregarded entity 320 Gammon Road, LLC.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0138207
IRS990/ProgSrvcAccomActy3Grp/GrantAmt00
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0129058
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt017409
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt010210
IRS990/PYInvestmentIncomeAmt09
IRS990/PymtTravelEntrtnmntPubOfclGrp/ProgramServicesAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt085568
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0270687
IRS990/PYRevenuesLessExpensesAmt08581
IRS990/PYSalariesCompEmpBnftPaidAmt0183746
IRS990/PYTotalExpensesAmt0279524
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0288105
IRS990/QuidProQuoContributionsInd00
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt04437
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/RevenueAmt0119178
IRS990/RoyaltiesGrp/ProgramServicesAmt00
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt029564
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt034838
IRS990/SavingsAndTempCashInvstGrp/BOYAmt030401
IRS990/SavingsAndTempCashInvstGrp/EOYAmt034838
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
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Provided written copies to board members and admin for review. Copies provided at the board's budget meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Directors 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Compensation was determined by comparing salaries to similar positions at similar entities in Utah County using data from employment websites.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3These documents are available for public inspection as noted on our website at our offices.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Transfer of a liability to another organization
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part XI, Line 9
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingNACd2N/A
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingNACd3N/A
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingNACd4N/A
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0Franklin Discovery Preschool
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt1Franklin Discovery Academy - FSO
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt2Franklin Transport One LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt3320 East Gammon Road LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt4FSF Early Learning LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN0352562562
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN1384006988
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN2301086714
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN3320575977
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN4611914316
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt023643
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt13482
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt219900
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt30
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt40
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0UT
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd1UT
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd2UT
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd3UT
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd4UT
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0Preschool
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt1Parent volunteers and fundraising
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt2Holder of Bus title
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt3Holder of Property Title
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt4Holder of Land Title
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt012129
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt11457
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt28250
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt30
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt40
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt070 S Holdaway Road
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt1320 E Gammon
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt270 S Holdaway Road
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt370 S Holdaway Road

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$34,838
Liabilities
$0
Net assets
$34,838
Revenue
$266,057
Expenses
$261,620
Net income
$4,437
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