Civic Intelligence

Benjamin Franklin Academy Inc.

990 • Fiscal year 2023 • EIN 58-1823445

Jun 01, 2022 to May 31, 2023 • Filed on Jan 10, 2024

Organization ProfileWWW.BENFRANKLINACADEMY.ORG

View Organization Page

1585 Clifton Road NEAtlanta, GA 30329-4243

(404) 633-7404

Siviq Scores

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

Liabilities / Assets

10th percentile

0.00x

Higher debt load relative to assets than 10% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

9th percentile

0.01x

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

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

66th percentile

12%

Higher net margin than 66% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

30th percentile

$129,030

Higher top officer pay than 30% of similar nonprofits.

Top officer pay equals 2.8% of source-year revenue.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Asset Growth

42nd percentile

3.5%

Faster asset growth than 42% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

30th percentile

-5.2%

Faster revenue growth than 30% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets10th percentile

Assets

Up

$16,404,666

Up $560,349 (+3.5%) from 2022

Net Assets

Up

$16,360,434

Up $518,974 (+3.3%) from 2022

Liabilities

Up

$44,232

Up $41,375 (+1448%) from 2022

Revenue And Expenses
Liabilities / Revenue9th percentileNet Margin66th percentile

Revenue

Down

$4,550,154

Down $247,350 (-5.2%) from 2022

Expenses

Up

$4,026,260

Up $397,442 (+11%) from 2022

Net Income

Down

$523,894

Down $644,792 (-55%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth42nd percentile

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

$20M$15M$10M$5.0M$0-$5.0MAssets 2011: $7,843,561Liabilities 2011: $6,166Net Assets 2011: $7,837,3952011Assets 2012: $8,318,831Liabilities 2012: $7,719Net Assets 2012: $8,311,1122012Assets 2013: $8,587,781Liabilities 2013: $1,346Net Assets 2013: $8,586,4352013Assets 2014: $9,646,828Liabilities 2014: $5,922Net Assets 2014: $9,640,9062014Assets 2015: $10,807,455Liabilities 2015: $7,500Net Assets 2015: $10,799,9552015Assets 2016: $11,521,206Liabilities 2016: $15,230Net Assets 2016: $11,505,9762016Assets 2017: $13,323,802Liabilities 2017: $39,565Net Assets 2017: $13,284,2372017Assets 2018: $13,633,238Liabilities 2018: $8,948Net Assets 2018: $13,624,2902018Assets 2019: $14,112,257Liabilities 2019: $2,802Net Assets 2019: $14,109,4552019Assets 2020: $14,325,369Liabilities 2020: $5,218Net Assets 2020: $14,320,1512020Assets 2021: $14,670,830Liabilities 2021: -$1,944Net Assets 2021: $14,672,7742021Assets 2022: $15,844,317Liabilities 2022: $2,857Net Assets 2022: $15,841,4602022Assets 2023: $16,404,666Liabilities 2023: $44,232Net Assets 2023: $16,360,4342023Assets 2024: $16,214,611Liabilities 2024: $20,359Net Assets 2024: $16,194,2522024

Highlighted filing

2023

Assets$16,404,666
Liabilities$44,232
Net Assets$16,360,434
Open 2023 Filing

Operations Trend

Revenue Growth30th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $3,072,480Expenses 2011: $3,072,795Net Income 2011: -$3152011Expenses 2012: $2,810,9502012Expenses 2013: $2,890,6052013Revenue 2014: $3,830,898Expenses 2014: $2,776,425Net Income 2014: $1,054,4732014Revenue 2015: $4,099,888Expenses 2015: $2,940,840Net Income 2015: $1,159,0482015Revenue 2016: $3,778,757Expenses 2016: $3,072,735Net Income 2016: $706,0222016Revenue 2017: $4,927,096Expenses 2017: $3,148,835Net Income 2017: $1,778,2612017Revenue 2018: $3,669,336Expenses 2018: $3,329,283Net Income 2018: $340,0532018Revenue 2019: $3,925,425Expenses 2019: $3,440,260Net Income 2019: $485,1652019Revenue 2020: $3,807,084Expenses 2020: $3,596,388Net Income 2020: $210,6962020Revenue 2021: $3,909,208Expenses 2021: $3,556,585Net Income 2021: $352,6232021Revenue 2022: $4,797,504Expenses 2022: $3,628,818Net Income 2022: $1,168,6862022Revenue 2023: $4,550,154Expenses 2023: $4,026,260Net Income 2023: $523,8942023Revenue 2024: $4,109,007Expenses 2024: $4,275,189Net Income 2024: -$166,1822024

Highlighted filing

2023

Revenue$4,550,154
Expenses$4,026,260
Net Income$523,894
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2022 to May 31, 2023
Signed
Jan 10, 2024
Return Version
2022v5.0
Gross Receipts
$9,832,315
Mission and Program Overview

Mission

To teach a basic college preparatory high school curriculum.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$15,841,460$16,360,434▲ $518,974
Savings and Temporary Cash Investments$4,510,773$3,618,085▼ $892,688
Land, Buildings, and Equipment, Net$3,318,866$3,173,806▼ $145,060
Cash and Non-Interest-Bearing Accounts$462,917$586,082▲ $123,165
Total Assets$15,844,317$16,404,666▲ $560,349
Other Assets Total$7,551,761$9,026,693▲ $1,474,932
Liabilities
Other Liabilities$2,857$44,232▲ $41,375
Total Liabilities$2,857$44,232▲ $41,375
Net Assets / Fund Balance
Total Net Assets Fund Balance$15,841,460$16,360,434▲ $518,974
Total Liabilities and Net Assets / Fund Balance$15,844,317$16,404,666▲ $560,349

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$2,506,010$2,548,240$5,054,250
Land$667,796-$667,796
Other Assets Org$600--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$7,551,161$1,548,961▲ $475,596$503,866$9,026,093
2021$5,268,689$1,025,247▲ $1,300,870-$7,551,161
2020$5,140,651$51,542▲ $370,160$256,250$5,268,688
2019$5,060,864$33,896▲ $234,188$155,359$5,140,651
2018$4,466,921$508,250▲ $257,423$141,808$5,060,864
Compensation and Service Providers
Top Officer Pay30th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Martha B BurdetteTreasurer/heFT$126,500$2,530$129,030

Board Members and Trustees

NameTitle
Jane C BlackBoard Presid
Shepard B AnsleyTrustee
Verona McduffieTrustee
Betty Foy BottsSecretary
Dameron Black IiiSr Vice Pres
Revenue and Support

Revenue Composition

Contributions and Grants
$487,820
Program Service Revenue
$3,534,708
Investment Income
$527,100
Other Revenue
$526
All Other Contributions
$487,820
Change in Net Assets
$523,894

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
Yes

Noncash Contributions

Contribution TypeContribution CountReported Amount
Securities Publicly Traded5$99,468
Total Noncash Contributions5$99,468

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,502,135
Revenue Not Reported on Financial Statements
$48,019
Revenue Not Reported on Form 990
$-810,074
Total Revenue per Audited Statements
$3,692,061
Total Revenue per Form 990
$4,550,154
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,366,948
Other Expenses$1,518,219
Total Fundraising Expense$143,277
Professional Fundraising Fees$141,093
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,800,903$200,100-$2,001,003
All Other Expenses$339,699-$2,004$341,703
Occupancy$199,055--$199,055
Payroll Taxes$135,697$15,077-$150,774
Depreciation Depletion$139,731$5,308-$145,039
Fees for Services Professional Fundraising--$141,093$141,093
Current Officers, Directors, Trustees, and Key Employees$95,697$30,803-$126,500
Other Expenses$131,246$69,996-$69,996
Other Employee Benefits$50,727--$50,727
Fees for Services Accounting-$39,770-$39,770
Pension Plan Contributions$37,944--$37,944
Insurance-$36,269-$36,269
Advertising$14,714--$14,714
Office Expenses$10,974--$10,974
Fees for Services Legal-$5,594-$5,594
Travel$2,118-$180$2,298
Total Functional Expenses$3,480,066$402,917$143,277$4,026,260

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$4,026,260
Total Expenses per Audited Statements$3,994,978
Expenses per Audited Statements$3,978,241
Expenses Not Reported on Financial Statements$48,019
Expenses Not Reported on Form 990$16,737
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$141,093
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Obligation$23,491
Tiaa Withholding$16,393
Pension Payable$3,078
Flexible Spending Account$944
Health Savings Accts$326
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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, Page 6, Part VI, Line 2

“Dameron black iii jane c black trustee trustee husband & wife”

Form 990, Page 6, Part VI, Line 11B

“No review will be conducted.”

Form 990, Page 6, Part VI, Line 12C

“Ben franklin academy (bfa) adheres to the required written conflict of interest standard for accreditation by sacs/sais. The organization's officers, directors, trustees, & key employees disclose to bfa substancial business affiliations & transactions that might conflict with business decisions made by the school. Conflicts of interest have been avoided by ensuring that major vendors, contractors, or other new businesses submit bids, including prices & rates, prior to rendering services/products, for evaluation by the business office & comparison to competitive quotes. Part of this procees involves checking for possible conflicts of interest with officers, directors, trustees & key employees.”

Form 990, Page 6, Part VI, Line 15A

“The executive committee, minus the ceo, reviews the salary scales provided by the georgia independent schools association (and local public school districts as may be available), reviews the needs & budget of bfa, as well as the economic environment, to determine the amount of compensation for the ceo (headmaster). The compensation of the ceo is approved within the annual budget by the board of directors, which is discussed & documented in the minutes of bfa.”

Form 990, Page 6, Part VI, Line 15B

“Salary determination of the secretary/treasurer (dean of studies) & other key employees is determined by the executive committee, with the same parameters as the salary determination of the ceo & at the time the annual budget is prepared for approval by the board.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Benjamin Franklin Academy Inc
EIN
58-1823445
Phone
4046337404
Address
1585 CLIFTON ROAD NE, ATLANTA, GA 30329-4243

Signing Officer

Name
Martha B Burdette
Title
Treasurer/headmaster
Phone
4046337404
Signed
2024-01-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Martha B Burdette
Formed
1987
Legal Domicile
Ga
Voting Board Members
6
Independent Board Members
6
Employees
39

Preparer

Firm
Kaspar & White CPA Pc
Address
5502 PEACHTREE RD STE 200, CHAMBLEE, GA 30341
Preparer
Kevin Kaspar CPA
Phone
7704917510
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 2D

“Closing accounts receivable -28,513 closing pledged receivables 0 prepaid tuition -169,189 reverse a/r allowance 0 close accounts payable 1,712 reverse deferre income -12,140”

Schedule D, Page 4, Part XII, Line 2D

“Reverse accounts payable 9,419 reverse prepaid expenses 5,118 close bad debt expense 0 other 0 adjust depreciation 2,195 book / tax depreciation difference 5”

Raw XML AppendixShowing 400 of 493 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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IRS990/OtherRevenueMiscGrp/Desc1REFUNDED BANK CHARGES
IRS990/OtherRevenueMiscGrp/Desc2GRADUATION FEE
IRS990/OtherRevenueMiscGrp/ExclusionAmt0144
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0322
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt160
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0322
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1144
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt260
IRS990/OtherRevenueTotalAmt0526
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0200100
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01800903
IRS990/OtherSalariesAndWagesGrp/TotalAmt02001003
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt015077
IRS990/PayrollTaxesGrp/ProgramServicesAmt0135697
IRS990/PayrollTaxesGrp/TotalAmt0150774
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt037944
IRS990/PensionPlanContributionsGrp/TotalAmt037944
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0MARTHA B BURDETTE
IRS990/PriorPeriodAdjustmentsAmt0-4920
IRS990/ProfessionalFundraisingInd0true
IRS990/ProgramServiceRevenueGrp/Desc0TUITION INCOME
IRS990/ProgramServiceRevenueGrp/Desc1FEE INCOME
IRS990/ProgramServiceRevenueGrp/Desc2CLINIC INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt03523243
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt17760
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt23705
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03523243
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt17760
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt23705
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0415134
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt01331505
IRS990/PYOtherExpensesAmt01265435
IRS990/PYOtherRevenueAmt071
IRS990/PYProgramServiceRevenueAmt03050794
IRS990/PYRevenuesLessExpensesAmt01168686
IRS990/PYSalariesCompEmpBnftPaidAmt02212772
IRS990/PYTotalExpensesAmt03628818
IRS990/PYTotalProfFndrsngExpnsAmt0150611
IRS990/PYTotalRevenueAmt04797504
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0523894
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt03534708
IRS990/SavingsAndTempCashInvstGrp/BOYAmt04510773
IRS990/SavingsAndTempCashInvstGrp/EOYAmt03618085
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt045759
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt07551161
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt01548961
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt09026093
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0475596
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt0503866
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt043645
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt05268689
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt01025247
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt07551161
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01300870
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt037415
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt05140651
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt051542
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt05268688
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0370160
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt0256250
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt032938
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt05060864
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt033896
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt05140651
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0234188
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt0155359
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt029922
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt04466921
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0508250
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt05060864
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0257423
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt0141808
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/ExpensesNotReportedAmt016737
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt048019
IRS990ScheduleD/ExpensesSubtotalAmt03978241
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt048019
IRS990ScheduleD/InvestmentExpensesNotIncldAmt048019
IRS990ScheduleD/LandGrp/BookValueAmt0667796
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0667796
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-601944
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt09026093
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1600
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0ENDOWMENT FUND
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DEPOSITS
IRS990ScheduleD/OtherExpensesIncludedAmt016737
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt02506010
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt02548240
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt05054250
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt023491
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt116393
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt23078
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3944
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt4326
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OPERATING LEASE OBLIGATION
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TIAA WITHHOLDING
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2PENSION PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3FLEXIBLE SPENDING ACCOUNT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4HEALTH SAVINGS ACCTS
IRS990ScheduleD/OtherRevenueAmt0-208130
IRS990ScheduleD/RevenueNotReportedAmt0-810074
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt048019
IRS990ScheduleD/RevenueSubtotalAmt04502135
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0CLOSING ACCOUNTS RECEIVABLE -28,513 CLOSING PLEDGED RECEIVABLES 0 PREPAID TUITION -169,189 REVERSE A/R ALLOWANCE 0 CLOSE ACCOUNTS PAYABLE 1,712 REVERSE DEFERRE INCOME -12,140
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1REVERSE ACCOUNTS PAYABLE 9,419 REVERSE PREPAID EXPENSES 5,118 CLOSE BAD DEBT EXPENSE 0 OTHER 0 ADJUST DEPRECIATION 2,195 BOOK / TAX DEPRECIATION DIFFERENCE 5
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XII, LINE 2D
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03173806
IRS990ScheduleD/TotalBookValueOtherAssetsAmt09026693
IRS990ScheduleD/TotalExpensesPerForm990Amt04026260
IRS990ScheduleD/TotalLiabilityAmt044232
IRS990ScheduleD/TotalRevenuePerForm990Amt04550154
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03692061
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03994978
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0SEE ATTACHED DESCRIPTION OF NON-DISCRMINATORY POLICIES AS DESCRIBED ON FORM 1023 AND IN THE ADVERTISEMENT. THE ADVERTISMENT WAS PUBLISHED ON OCTOBER 20, 2021, IN THE ATLANTA JOURNAL CONSITUTION.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleG/AgrmtProfFundraisingActyInd0true
IRS990ScheduleG/EmailSolicitationsInd0X
IRS990ScheduleG/FundraiserActivityInfoGrp/ActivityTxt0SOLICITATE
IRS990ScheduleG/FundraiserActivityInfoGrp/FundraiserControlOfFundsInd0false
IRS990ScheduleG/FundraiserActivityInfoGrp/GrossReceiptsAmt0487820
IRS990ScheduleG/FundraiserActivityInfoGrp/NetToOrganizationAmt0346959
IRS990ScheduleG/FundraiserActivityInfoGrp/PersonNm0COXE CURRY ASSOCIATES
IRS990ScheduleG/FundraiserActivityInfoGrp/RetainedByContractorAmt0140861
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/AddressLine1Txt0191 PEACHTREE ST NE STE 450
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/CityNm0ATLANTA
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/StateAbbreviationCd0GA
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/ZIPCd030303
IRS990ScheduleG/InPersonSolicitationsInd0X
IRS990ScheduleG/LicensedStatesCd0GA
IRS990ScheduleG/MailSolicitationsInd0X
IRS990ScheduleG/PhoneSolicitationsInd0X
IRS990ScheduleG/SolicitationOfNonGovtGrantsInd0X
IRS990ScheduleG/TotalGrossReceiptsAmt0487820
IRS990ScheduleG/TotalNetToOrganizationAmt0346959
IRS990ScheduleG/TotalRetainedByContractorsAmt0140861
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/ContributionCnt05
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NonCashCheckboxInd0X
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NoncashContributionsRptF990Amt099468
IRS990ScheduleM/SupplementalInformationDetail/ExplanationTxt0TRUIST BROKERAGE ACCOUNTS
IRS990ScheduleM/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE M, PAGE 1, PART I, LINE 32B
IRS990ScheduleM/ThirdPartiesUsedInd0true
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DAMERON BLACK III JANE C BLACK TRUSTEE TRUSTEE HUSBAND & WIFE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO REVIEW WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BEN FRANKLIN ACADEMY (BFA) ADHERES TO THE REQUIRED WRITTEN CONFLICT OF INTEREST STANDARD FOR ACCREDITATION BY SACS/SAIS. THE ORGANIZATION'S OFFICERS, DIRECTORS, TRUSTEES, & KEY EMPLOYEES DISCLOSE TO BFA SUBSTANCIAL BUSINESS AFFILIATIONS & TRANSACTIONS THAT MIGHT CONFLICT WITH BUSINESS DECISIONS MADE BY THE SCHOOL. CONFLICTS OF INTEREST HAVE BEEN AVOIDED BY ENSURING THAT MAJOR VENDORS, CONTRACTORS, OR OTHER NEW BUSINESSES SUBMIT BIDS, INCLUDING PRICES & RATES, PRIOR TO RENDERING SERVICES/PRODUCTS, FOR EVALUATION BY THE BUSINESS OFFICE & COMPARISON TO COMPETITIVE QUOTES. PART OF THIS PROCEES INVOLVES CHECKING FOR POSSIBLE CONFLICTS OF INTEREST WITH OFFICERS, DIRECTORS, TRUSTEES & KEY EMPLOYEES.

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$16,404,666
Liabilities
$44,232
Net assets
$16,360,434
Revenue
$4,550,154
Expenses
$4,026,260
Net income
$523,894
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$16.2$0.02$16.2$4.11$4.28$0.17
2023Detailed filing. Detailed filing data is available for this year.$16.4$0.04$16.4$4.55$4.03$0.52
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$15.8$0.00$15.8$4.80$3.63$1.17
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$14.7$0.00$14.7$3.91$3.56$0.35
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$14.3$0.01$14.3$3.81$3.60$0.21
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$14.1$0.00$14.1$3.93$3.44$0.49
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.6$0.01$13.6$3.67$3.33$0.34
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.3$0.04$13.3$4.93$3.15$1.78
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.5$0.02$11.5$3.78$3.07$0.71
2015Detailed filing. Detailed filing data is available for this year.$10.8$0.01$10.8$4.10$2.94$1.16
2014Detailed filing. Detailed filing data is available for this year.$9.65$0.01$9.64$3.83$2.78$1.05
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.59$0.00$8.59$2.89
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.32$0.01$8.31$2.81
2011Summary only. Only limited summary data is available for this year.$7.84$0.01$7.84$3.07$3.07$0.00