Civic Intelligence

The Franklin Academy Inc

EIN 56-2085431 • 501(c)3 • Wake Forest, NC

View Organization Page

Profile

The corporation's primary exempt purpose is to engage in the charitable and educational purposes of providing quality public education as a charter school created pursuant to the general statutes of north carolina establishing charter schools.

604 Franklin StreetWake Forest, NC 27587

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

13th percentile

0.01x

Higher debt load relative to assets than 13% of similar nonprofits.

NTEE B • $25M-$50M nonprofits • Source year 2025

Liabilities / Revenue

9th percentile

0.01x

Higher debt load relative to revenue than 9% of similar nonprofits.

NTEE B • $25M-$50M nonprofits • Source year 2025

Net Margin

66th percentile

13%

Higher net margin than 66% of similar nonprofits.

NTEE B • $25M-$50M nonprofits • Source year 2025

Top Officer Pay

42nd percentile

$179,594

Higher top officer pay than 42% of similar nonprofits.

Top officer pay equals 0.9% of source-year revenue.

NTEE B • $25M-$50M nonprofits • Source year 2025

Asset Growth

68th percentile

9.4%

Faster asset growth than 68% of similar nonprofits.

NTEE B • $25M-$50M nonprofits • Annualized from 2024 to 2025

Revenue Growth

56th percentile

11%

Faster revenue growth than 56% of similar nonprofits.

NTEE B • $25M-$50M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets13th percentile

Assets

Up

$27,481,738

Up $2,466,735 (+9.9%) from 2023

Liabilities

Down

$228,579

Down $49,313 (-18%) from 2023

Net Assets

Up

$27,253,159

Up $2,516,048 (+10%) from 2023

Operations
Liabilities / Revenue9th percentileNet Margin66th percentile

Revenue

Up

$18,121,235

Up $1,723,346 (+11%) from 2023

Expenses

Up

$15,605,186

Up $615,399 (+4.1%) from 2023

Net Income

Up

$2,516,049

Up $1,107,947 (+79%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth68th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$30M$20M$10M$0-$10MAssets 2011: $19,941,014Liabilities 2011: $22,728,698Net Assets 2011: -$2,787,6842011Assets 2012: $20,624,465Liabilities 2012: $10,532,077Net Assets 2012: $10,092,3882012Assets 2013: $21,207,183Liabilities 2013: $9,969,926Net Assets 2013: $11,237,2572013Assets 2014: $21,361,529Liabilities 2014: $9,150,011Net Assets 2014: $12,211,5182014Assets 2015: $21,668,640Liabilities 2015: $8,501,566Net Assets 2015: $13,167,0742015Assets 2016: $21,537,416Liabilities 2016: $7,530,748Net Assets 2016: $14,006,6682016Assets 2017: $21,948,012Liabilities 2017: $6,627,914Net Assets 2017: $15,320,0982017Assets 2018: $22,191,572Liabilities 2018: $5,992,215Net Assets 2018: $16,199,3572018Assets 2019: $18,640,181Liabilities 2019: $1,185,489Net Assets 2019: $17,454,6922019Assets 2020: $19,058,375Liabilities 2020: $127,318Net Assets 2020: $18,931,0572020Assets 2021: $21,035,006Liabilities 2021: $281,964Net Assets 2021: $20,753,0422021Assets 2022: $23,533,490Liabilities 2022: $204,481Net Assets 2022: $23,329,0092022Assets 2023: $25,015,003Liabilities 2023: $277,892Net Assets 2023: $24,737,1112023Assets 2024: $27,481,738Liabilities 2024: $228,579Net Assets 2024: $27,253,1592024

Highlighted filing

2024

Assets$27,481,738
Liabilities$228,579
Net Assets$27,253,159
Open 2024 Filing

Operations Trend

Revenue Growth56th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$20M$15M$10M$5.0M$0Revenue 2011: $9,395,740Expenses 2011: $8,482,411Net Income 2011: $913,3292011Revenue 2012: $11,121,679Expenses 2012: $9,741,607Net Income 2012: $1,380,0722012Revenue 2013: $11,502,435Expenses 2013: $10,157,604Net Income 2013: $1,344,8312013Revenue 2014: $11,744,314Expenses 2014: $10,770,053Net Income 2014: $974,2612014Revenue 2015: $12,120,400Expenses 2015: $11,164,844Net Income 2015: $955,5562015Revenue 2016: $12,517,546Expenses 2016: $11,677,952Net Income 2016: $839,5942016Revenue 2017: $13,053,083Expenses 2017: $11,739,653Net Income 2017: $1,313,4302017Revenue 2018: $13,473,538Expenses 2018: $12,594,279Net Income 2018: $879,2592018Revenue 2019: $14,462,843Expenses 2019: $13,207,508Net Income 2019: $1,255,3352019Revenue 2020: $14,868,776Expenses 2020: $13,392,411Net Income 2020: $1,476,3652020Revenue 2021: $15,466,175Expenses 2021: $13,644,190Net Income 2021: $1,821,9852021Revenue 2022: $17,154,874Expenses 2022: $14,578,907Net Income 2022: $2,575,9672022Revenue 2023: $16,397,889Expenses 2023: $14,989,787Net Income 2023: $1,408,1022023Revenue 2024: $18,121,235Expenses 2024: $15,605,186Net Income 2024: $2,516,0492024

Highlighted filing

2024

Revenue$18,121,235
Expenses$15,605,186
Net Income$2,516,049
Open 2024 Filing

Filings

Most recent year

2024 • Form 990XML pending. An XML filing is linked for this year, but detailed extraction is still pending.

Open filing
Assets
$27,481,738
Liabilities
$228,579
Net assets
$27,253,159
Revenue
$18,121,235
Expenses
$15,605,186
Net income
$2,516,049
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$27.5$0.23$27.3$18.1$15.6$2.52
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$25.0$0.28$24.7$16.4$15.0$1.41
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$23.5$0.20$23.3$17.2$14.6$2.58
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.0$0.28$20.8$15.5$13.6$1.82
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$19.1$0.13$18.9$14.9$13.4$1.48
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$18.6$1.19$17.5$14.5$13.2$1.26
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$22.2$5.99$16.2$13.5$12.6$0.88
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$21.9$6.63$15.3$13.1$11.7$1.31
2016Detailed filing. Detailed filing data is available for this year.$21.5$7.53$14.0$12.5$11.7$0.84
2015Detailed filing. Detailed filing data is available for this year.$21.7$8.50$13.2$12.1$11.2$0.96
2014Summary only. Only limited summary data is available for this year.$21.4$9.15$12.2$11.7$10.8$0.97
2013Summary only. Only limited summary data is available for this year.$21.2$9.97$11.2$11.5$10.2$1.34
2012Summary only. Only limited summary data is available for this year.$20.6$10.5$10.1$11.1$9.74$1.38
2011Summary only. Only limited summary data is available for this year.$19.9$22.7$2.79$9.40$8.48$0.91
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2021 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Apr 4, 2022
Return Version
2020v4.2
Gross Receipts
$15,466,175
Mission and Program Overview

Mission

The corporation's primary exempt purpose is to engage in the charitable and educational purposes of providing quality public education as a charter school created pursuant to the general statutes of north carolina establishing charter schools.

To provide a quality education for students in grades k-12

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$18,931,057$20,753,042▲ $1,821,985
Land, Buildings, and Equipment, Net$15,398,548$15,037,776▼ $360,772
Cash and Non-Interest-Bearing Accounts$2,339,399$3,898,283▲ $1,558,884
Investments in Publicly Traded Securities$886,606$1,953,982▲ $1,067,376
Prepaid Expenses and Deferred Charges$136,968$116,738▼ $20,230
Pledges and Grants Receivable$296,854$28,227▼ $268,627
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$19,058,375$21,035,006▲ $1,976,631
Liabilities
Accounts Payable and Accrued Expenses$127,318$281,901▲ $154,583
Deferred Revenue-$63-
Total Liabilities$127,318$281,964▲ $154,646
Net Assets / Fund Balance
Total Net Assets Fund Balance$18,931,057$20,753,042▲ $1,821,985
Total Liabilities and Net Assets / Fund Balance$19,058,375$21,035,006▲ $1,976,631

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$13,185,294$6,056,249$19,241,543
Other Land Buildings$696,425$4,226,402$4,922,827
Land$1,156,057-$1,156,057
Compensation and Service Providers
Top Officer Pay42nd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Denise KentHead AdministratorFT$143,164$143,164

Board Members and Trustees

NameTitle
Robert L LuddyChairman
Alphonsa C MerrittDirector
Judy NunnenkampDirector
Rick EddinsDirector
Bill FrancisTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$14,991,194
Program Service Revenue
$46,556
Investment Income
$255,653
Other Revenue
$172,772
Change in Net Assets
$1,821,985

Audited Revenue Reconciliation

Revenue per Audited Statements
$15,466,175
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$15,466,175
Total Revenue per Form 990
$15,466,175
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$10,281,281
Other Expenses$3,362,909
Total Fundraising Expense$14,471
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$7,687,584$895,759-$8,583,343
Other Employee Benefits$712,896$95,839-$808,735
Depreciation Depletion$342,448$342,448-$684,896
Payroll Taxes$605,272$74,686-$679,958
All Other Expenses$94,608$120,148-$214,756
Pension Plan Contributions$188,137$21,108-$209,245
Other Expenses$172,250$19,139$14,471$191,389
Office Expenses$2,237$38,306-$40,543
Fees for Services Legal$17,677$17,677-$35,354
Insurance-$33,422-$33,422
Fees for Services Accounting$10,424$10,424-$20,848
Travel-$2,572-$2,572
Advertising-$420-$420
Total Functional Expenses$11,389,646$2,240,073$14,471$13,644,190

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$13,644,190
Total Expenses per Audited Statements$13,644,190
Total Expenses per Form 990$13,644,190
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
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
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
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

“Copies of form 990 are made available for review to the executive committee via email”

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

“Members of the board complete a questionnaire annually.”

Form 990, Part VI, Section B, Line 15

“The board reviews key employee compensation on an annual basis.”

Form 990, Part VI, Section C, Line 19

“The school makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
The Franklin Academy Inc
EIN
56-2085431
Phone
9195544911
Address
604 FRANKLIN STREET, WAKE FOREST, NC 27587

Signing Officer

Name
William H Francis Jr
Title
Treasurer
Phone
9195544911
Signed
2022-04-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William H Francis Jr
Formed
1997
Legal Domicile
Nc
Voting Board Members
0
Independent Board Members
5
Employees
219
Volunteers
0

Preparer

Firm
Batchelor Tillery & Roberts Llp
Address
3605 GLENWOOD AVENUE SUITE 350, RALEIGH, NC 27612
Preparer
Wm James Black Jr
Phone
9197878212
Raw XML AppendixShowing 400 of 402 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0127318
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0281901
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO PROVIDE A QUALITY EDUCATION FOR STUDENTS IN GRADES K-12
IRS990/AdvertisingGrp/ManagementAndGeneralAmt0420
IRS990/AdvertisingGrp/TotalAmt0420
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt0120148
IRS990/AllOtherExpensesGrp/ProgramServicesAmt094608
IRS990/AllOtherExpensesGrp/TotalAmt0214756
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0WILLIAM H FRANCIS JR
IRS990/BooksInCareOfDetail/PhoneNum09195544911
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0604 FRANKLIN STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0WAKE FOREST
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990/BooksInCareOfDetail/USAddress/ZIPCd027587
IRS990/BusinessRlnWith35CtrlEntInd00
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IRS990/CompensationFromOtherSrcsInd00
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IRS990/CompensationProcessOtherInd01
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IRS990/ConservationEasementsInd00
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IRS990/CreditCounselingInd00
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IRS990/CYContributionsGrantsAmt014991194
IRS990/CYGrantsAndSimilarPaidAmt00
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IRS990/CYTotalRevenueAmt015466175
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IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/EOYAmt063
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt0342448
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0342448
IRS990/DepreciationDepletionGrp/TotalAmt0684896
IRS990/Desc0OPERATED CHARTER SCHOOL IN WAKE FOREST NORTH CAROLINA - PROVIDED INSTRUCTION SERVICES AND FACILITY FOR EDUCATIONAL PURPOSES AS PROVIDED BY NORTH CAROLINA CHARTER SCHOOLS, AND PROVIDED NUTRITIONAL FOOD TO STUDENTS.
IRS990/DescribedInSection501c3Ind01
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IRS990/FeesForServicesLegalGrp/ProgramServicesAmt017677
IRS990/FeesForServicesLegalGrp/TotalAmt035354
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IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
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IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
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IRS990/Form990PartVIISectionAGrp/OfficerInd0X
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
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IRS990/Form990PartVIISectionAGrp/PersonNm1RICK EDDINS
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IRS990/Form990PartVIISectionAGrp/PersonNm4BILL FRANCIS
IRS990/Form990PartVIISectionAGrp/PersonNm5DENISE KENT
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IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt5HEAD ADMINISTRATOR
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IRS990/MissionDesc0THE CORPORATION'S PRIMARY EXEMPT PURPOSE IS TO ENGAGE IN THE CHARITABLE AND EDUCATIONAL PURPOSES OF PROVIDING QUALITY PUBLIC EDUCATION AS A CHARTER SCHOOL CREATED PURSUANT TO THE GENERAL STATUTES OF NORTH CAROLINA ESTABLISHING CHARTER SCHOOLS.
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IRS990/OtherExpensesGrp/Desc3UTILITIES
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IRS990/OtherExpensesGrp/TotalAmt2658717
IRS990/OtherExpensesGrp/TotalAmt3191389
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/BusinessCd2900099
IRS990/OtherRevenueMiscGrp/Desc0MISC OTHER SOURCES
IRS990/OtherRevenueMiscGrp/Desc1SALES TAX REFUNDS
IRS990/OtherRevenueMiscGrp/Desc2VARIOUS FUNDRAISING
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt080368
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt163826
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt228578
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt080368
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt163826
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt228578
IRS990/OtherRevenueTotalAmt0172772
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0895759
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt07687584
IRS990/OtherSalariesAndWagesGrp/TotalAmt08583343
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt074686
IRS990/PayrollTaxesGrp/ProgramServicesAmt0605272
IRS990/PayrollTaxesGrp/TotalAmt0679958
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt021108
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0188137
IRS990/PensionPlanContributionsGrp/TotalAmt0209245
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0296854
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt028227
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0136968
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0116738
IRS990/PrincipalOfficerNm0WILLIAM H FRANCIS JR
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/Desc0SCHOOL ACTIVITIES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt046556
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt046556
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt014240367
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0-22125
IRS990/PYOtherExpensesAmt03370339
IRS990/PYOtherRevenueAmt0357048
IRS990/PYProgramServiceRevenueAmt0293486
IRS990/PYRevenuesLessExpensesAmt01476365
IRS990/PYSalariesCompEmpBnftPaidAmt010022072
IRS990/PYTotalExpensesAmt013392411
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt014868776
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt01821985
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0219328
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt018931057
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt020753042
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt013185294
IRS990ScheduleD/BuildingsGrp/DepreciationAmt06056249
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt019241543
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt013644190
IRS990ScheduleD/LandGrp/BookValueAmt01156057
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01156057
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0696425
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt04226402
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt04922827
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt015466175
IRS990ScheduleD/TotalBookValueLandBuildingsAmt015037776
IRS990ScheduleD/TotalExpensesPerForm990Amt013644190
IRS990ScheduleD/TotalRevenuePerForm990Amt015466175
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt015466175
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt013644190
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0A STATEMENT OF NONDISCRIMINATION IS INCLUDED ON ALL WRITTEN COMMUNICATIONS TO THE PUBLIC DEALING WITH STUDENT ADMISSIONS, AND ON THE WEBSITE.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1FEDERAL HANDICAPPED GRANT, STATE AND LOCAL BOARDS OF EDUCATION
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0COPIES OF FORM 990 ARE MADE AVAILABLE FOR REVIEW TO THE EXECUTIVE COMMITTEE VIA EMAIL
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS OF THE BOARD COMPLETE A QUESTIONNAIRE ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD REVIEWS KEY EMPLOYEE COMPENSATION ON AN ANNUAL BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE SCHOOL MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
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
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt019058375
IRS990/TotalAssetsEOYAmt021035006
IRS990/TotalAssetsGrp/BOYAmt019058375
IRS990/TotalAssetsGrp/EOYAmt021035006
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt014991194
IRS990/TotalEmployeeCnt0219
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt014471
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt02240073
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt011389646
IRS990/TotalFunctionalExpensesGrp/TotalAmt013644190
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0127318
IRS990/TotalLiabilitiesEOYAmt0281964
IRS990/TotalLiabilitiesGrp/BOYAmt0127318
IRS990/TotalLiabilitiesGrp/EOYAmt0281964
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt018931057
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt020753042
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt011389646
IRS990/TotalProgramServiceRevenueAmt046556
IRS990/TotalReportableCompFromOrgAmt0143164
IRS990/TotalRevenueGrp/ExclusionAmt0255653
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0219328
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt015466175
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt019058375
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt021035006
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt02572
IRS990/TravelGrp/TotalAmt02572
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0604 FRANKLIN STREET
IRS990/USAddress/CityNm0WAKE FOREST
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd027587
IRS990/VotingMembersGoverningBodyCnt00
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.FRANKLINACADEMY.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-05-20 13:21:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0WILLIAM H FRANCIS JR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum09195544911
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-04-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE FRANKLIN ACADEMY INC
ReturnHeader/Filer/BusinessNameControlTxt0FRAN
ReturnHeader/Filer/EIN0562085431
ReturnHeader/Filer/PhoneNum09195544911
ReturnHeader/Filer/USAddress/AddressLine1Txt0604 FRANKLIN STREET
ReturnHeader/Filer/USAddress/CityNm0WAKE FOREST
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd027587
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0561750124
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BATCHELOR TILLERY & ROBERTS LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03605 GLENWOOD AVENUE SUITE 350
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0RALEIGH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd027612
ReturnHeader/PreparerPersonGrp/PhoneNum09197878212
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0WM JAMES BLACK JR
ReturnHeader/ReturnTs02022-04-04T09:58:20-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0WILLIAM
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0FRANCIS JR
ReturnHeader/TaxPeriodBeginDt02020-07-01

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