Civic Intelligence

Brillare Beauty Institute

990 • Fiscal year 2012 • EIN 64-0876425

Jan 01, 2012 to Dec 31, 2012 • Filed on Aug 09, 2013

Organization ProfileWWW.FRANKLINACADEMY.EDU
1605 Professional Park Drive NW37312
Siviq Scores

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

Liabilities / Assets

79th percentile

0.43x

Higher debt load relative to assets than 79% of similar nonprofits.

2012 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

76th percentile

14%

Faster asset growth than 76% of similar nonprofits.

2012 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets79th percentile

Assets

Up

$650,541

Up $81,930 (+14%) from 2011

Net Assets

Up

$371,348

Up $29,443 (+8.6%) from 2011

Liabilities

Up

$279,193

Up $52,487 (+23%) from 2011

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$531,663

Up $52,294 (+11%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth76th percentile

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

$3.0M$2.0M$1.0M$0Assets 2010: $524,299Liabilities 2010: $283,477Net Assets 2010: $240,8222010Assets 2011: $568,611Liabilities 2011: $226,706Net Assets 2011: $341,9052011Assets 2012: $650,541Liabilities 2012: $279,193Net Assets 2012: $371,3482012Assets 2013: $712,819Liabilities 2013: $255,365Net Assets 2013: $457,4542013Assets 2014: $622,456Liabilities 2014: $221,681Net Assets 2014: $400,7752014Assets 2015: $392,572Liabilities 2015: $130,228Net Assets 2015: $262,3442015Assets 2016: $247,556Liabilities 2016: $133,535Net Assets 2016: $114,0212016Assets 2017: $243,411Liabilities 2017: $115,318Net Assets 2017: $128,0932017Assets 2018: $264,160Liabilities 2018: $116,494Net Assets 2018: $147,6662018Assets 2019: $217,942Liabilities 2019: $129,460Net Assets 2019: $88,4822019Assets 2020: $626,237Liabilities 2020: $292,953Net Assets 2020: $333,2842020Assets 2021: $1,097,021Liabilities 2021: $301,815Net Assets 2021: $795,2062021Assets 2022: $2,107,358Liabilities 2022: $1,299,097Net Assets 2022: $808,2612022Assets 2023: $2,211,661Liabilities 2023: $1,384,205Net Assets 2023: $827,4562023Assets 2024: $1,969,401Liabilities 2024: $1,110,300Net Assets 2024: $859,1012024

Highlighted filing

2012

Assets$650,541
Liabilities$279,193
Net Assets$371,348
Open 2012 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $445,8112010Expenses 2011: $479,3692011Expenses 2012: $531,6632012Revenue 2013: $689,824Expenses 2013: $603,718Net Income 2013: $86,1062013Revenue 2014: $474,137Expenses 2014: $528,992Net Income 2014: -$54,8552014Revenue 2015: $391,385Expenses 2015: $525,005Net Income 2015: -$133,6202015Revenue 2016: $359,906Expenses 2016: $515,534Net Income 2016: -$155,6282016Revenue 2017: $508,336Expenses 2017: $494,264Net Income 2017: $14,0722017Revenue 2018: $702,053Expenses 2018: $682,480Net Income 2018: $19,5732018Revenue 2019: $763,367Expenses 2019: $822,551Net Income 2019: -$59,1842019Revenue 2020: $1,500,660Expenses 2020: $1,451,398Net Income 2020: $49,2622020Revenue 2021: $2,779,261Expenses 2021: $2,675,277Net Income 2021: $103,9842021Revenue 2022: $2,655,731Expenses 2022: $2,642,677Net Income 2022: $13,0542022Revenue 2023: $2,996,427Expenses 2023: $2,977,232Net Income 2023: $19,1952023Revenue 2024: $3,437,677Expenses 2024: $3,605,419Net Income 2024: -$167,7422024

Highlighted filing

2012

Revenue-
Expenses$531,663
Net Income-
Open 2012 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2012 to Dec 31, 2012
Signed
Aug 9, 2013
Return Version
2012v2.1
Gross Receipts
$606,667
Mission and Program Overview

Mission

Franklin academy, inc's purpose is to graduate well-rounded professional men and women, as well as technically competent cosmetologists, manicurists, aestheticians or instructors. Franklin academy is devoted to preparing students not only to pass the state licensing examination but also to enter and be successful in all phases of cosmetology, manicuring, aesthetics, shampoo techs, as well as instructors.

Filing and Contact Details

Filer

EIN
64-0876425
Raw XML Appendix391 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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IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation0THE FOOTNOTE RELATING TO UNCERTAIN TAX POSITIONS IN THE FINANCIAL STATEMENT READS AS FOLLOWS: THE ACADEMY IS A NOT-FOR-PROFIT CORPORATION THAT IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("IRC") WHEREBY ONLY UNRELATED BUSINESS INCOME AS DEFINED BY SECTION 512(A)(1) OF THE IRC IS SUBJECT TO FEDERAL INCOME TAX. THE ACADEMY HAD NO UNRELATED BUSINESS INCOME FOR THE YEAR ENDED DECEMBER 31, 2012. ACCORDINGLY, NO PROVISION FOR INCOME TAX HAS BEEN MADE. THE FINANCIAL ACCOUNTING STANDARDS BOARD REQUIRES MANAGEMENT TO ANNUALLY EVALUATE THE ACADEMY'S TAX POSITIONS, INCLUDING ACCOUNTING AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. FOR THE YEAR ENDING DECEMBER 31, 2012 MANAGEMENT CONCLUDED THAT NO UNCERTAIN TAX POSISIONS HAD BEEN TAKEN THAT WOULD REQUIRE ADJUSTMENT TO OR DISCLOSURE IN THE FINANCIAL STATEMENTS. WITH FEW EXCEPTIONS, THE ACADEMY IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY FEDERAL, STATE, OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2009.
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IRS990ScheduleD/Form990ScheduleDPartXIII/Identifier0DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48:
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IRS990ScheduleE/Form990ScheduleEPartII/Explanation0FRANKLIN ACADEMY'S NON-DISCRIMINATION POLICY IS PUBLISHED ON THE WEB SITE, THE EMPLOYMENT APPLICATIONS, ADMISSIONS DOCUMENTS AND IN THE COLLEGE CATALOG. IT IS ALSO PUBLISHED ANNUALLY IN A NEWSPAPER OF GENERAL CIRCULATION IN EACH COMMUNITY THAT THE COLLEGE SERVES. THE NOTICE IS PUBLISHED ANNUALLY IN A SECTION OF THE NEWSPAPER THAT IS MOST LIKELY READ BY PROSPECTIVE STUDENTS AND/OR THEIR FAMILIES.
IRS990ScheduleE/Form990ScheduleEPartII/Explanation1THE SCHOOL PARTICIPATES IN STUDENT FINANCIAL AID UNDER THE TITLE IV PROGRAMS ADMINISTERED BY THE UNITED STATES DEPARTMENT OF EDUCATION PURSUANT TO THE HIGHER EDUCATION ACT OF 1965, AS AMENDED.
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IRS990ScheduleO/GeneralExplanation/Explanation0CITY COLLEGE, INC. ALSO A 501(C)(3) EDUCATIONAL INSTITUTION HAS AN AGREEMENT TO PROVIDE MANAGEMENT SERVICES TO FRANKLIN ACADEMY, INC.
IRS990ScheduleO/GeneralExplanation/Explanation1NO COMMITTEES EXIST WITHIN THE GOVERNING BODY.
IRS990ScheduleO/GeneralExplanation/Explanation2A COPY OF THE FORM 990 IS MADE AVAILABLE TO THE MEMBERS OF THE GOVERNING BODY VIA EMAIL BEFORE THE RETURN IS FILED.
IRS990ScheduleO/GeneralExplanation/Explanation3INDEPENDENT MEMBERS OF THE BOARD OF DIRECTORS APPROVE OFFICERS SALARIES. THE CEO APPROVES THE SALARIES OF KEY EMPLOYEES.
IRS990ScheduleO/GeneralExplanation/Explanation4THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE MADE AVAILABLE BY REQUEST AT THE CORPORATE OFFICES DURING NORMAL BUSINESS HOURS.
IRS990ScheduleO/GeneralExplanation/Explanation5THE ENTIRE BOARD OF DIRECTORS ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT AUDITORS.
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IRS990/Travel/Total03821
IRS990/TypeOfOrganizationCorporation0X
IRS990/UnrelatedBusinessIncome00
IRS990/UnrestrictedNetAssets/BOY0341905
IRS990/UnrestrictedNetAssets/EOY0371348
IRS990/UponRequest0X
IRS990/WebSite0WWW.FRANKLINACADEMY.EDU
IRS990/WhistleblowerPolicy01
IRS990/YearFormation01996
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/Filer/EIN0640876425
ReturnHeader/Filer/Name/BusinessNameLine10FRANKLIN ACADEMY INC
ReturnHeader/Filer/NameControl0FRAN
ReturnHeader/Filer/Phone09544925353
ReturnHeader/Filer/USAddress/AddressLine101605 PROFESSIONAL PARK DRIVE NW
ReturnHeader/Filer/USAddress/City0CLEVELAND
ReturnHeader/Filer/USAddress/State0TN
ReturnHeader/Filer/USAddress/ZIPCode037312
ReturnHeader/Officer/AuthorizeThirdParty01
ReturnHeader/Officer/DateSigned02013-08-09
ReturnHeader/Officer/Name0R ESTHER FIKE
ReturnHeader/Officer/Phone09544925353
ReturnHeader/Officer/Title0PRESIDENT
ReturnHeader/PreparerFirm/EIN0582663273
ReturnHeader/PreparerFirm/PreparerFirmBusinessName/BusinessNameLine10DEEMER DANA & FROEHLE LLP
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/AddressLine10118 PARK OF COMMERCE DRIVE
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/City0SAVANNAH
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/State0GA
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/ZIPCode031405
ReturnHeader/Preparer/Name0JOHN A VANDAVEER
ReturnHeader/Preparer/Phone09122381001
ReturnHeader/Preparer/SelfEmployed0X
ReturnHeader/ReturnType0990
ReturnHeader/TaxPeriodBeginDate02012-01-01
ReturnHeader/TaxPeriodEndDate02012-12-31
ReturnHeader/TaxYear02012
ReturnHeader/Timestamp02013-08-12T11:23:44-05:00

Document Assets

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Filings

Displayed year

2012 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$650,541
Liabilities
$279,193
Net assets
$371,348
Revenue
-
Expenses
$531,663
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.97$1.11$0.86$3.44$3.61$0.17
2023Detailed filing. Detailed filing data is available for this year.$2.21$1.38$0.83$3.00$2.98$0.02
2022Detailed filing. Detailed filing data is available for this year.$2.11$1.30$0.81$2.66$2.64$0.01
2021Detailed filing. Detailed filing data is available for this year.$1.10$0.30$0.80$2.78$2.68$0.10
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.63$0.29$0.33$1.50$1.45$0.05
2019Detailed filing. Detailed filing data is available for this year.$0.22$0.13$0.09$0.76$0.82$0.06
2018Summary only. Only limited summary data is available for this year.$0.26$0.12$0.15$0.70$0.68$0.02
2017Detailed filing. Detailed filing data is available for this year.$0.24$0.12$0.13$0.51$0.49$0.01
2016Detailed filing. Detailed filing data is available for this year.$0.25$0.13$0.11$0.36$0.52$0.16
2015Detailed filing. Detailed filing data is available for this year.$0.39$0.13$0.26$0.39$0.53$0.13
2014Detailed filing. Detailed filing data is available for this year.$0.62$0.22$0.40$0.47$0.53$0.05
2013Detailed filing. Detailed filing data is available for this year.$0.71$0.26$0.46$0.69$0.60$0.09
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.65$0.28$0.37$0.53
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.57$0.23$0.34$0.48
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.52$0.28$0.24$0.45