Civic Intelligence

Brillare Beauty Institute

990 • Fiscal year 2014 • EIN 64-0876425

Jan 01, 2014 to Dec 31, 2014 • Filed on Aug 06, 2015

Organization ProfileWWW.FRANKLINACADEMY.EDU
1605 Professional Park Drive NWCleveland, TN 37312

(954) 492-5353

Siviq Scores

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

Liabilities / Assets

77th percentile

0.36x

Higher debt load relative to assets than 77% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Liabilities / Revenue

82nd percentile

0.47x

Higher debt load relative to revenue than 82% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Net Margin

19th percentile

-12%

Higher net margin than 19% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Top Officer Pay

47th percentile

$0

Higher top officer pay than 47% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Asset Growth

13th percentile

-13%

Faster asset growth than 13% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Revenue Growth

9th percentile

-31%

Faster revenue growth than 9% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets77th percentile

Assets

Down

$622,456

Down $90,363 (-13%) from 2013

Net Assets

Down

$400,775

Down $56,679 (-12%) from 2013

Liabilities

Down

$221,681

Down $33,684 (-13%) from 2013

Revenue And Expenses
Liabilities / Revenue82nd percentileNet Margin19th percentile

Revenue

Down

$474,137

Down $215,687 (-31%) from 2013

Expenses

Down

$528,992

Down $74,726 (-12%) from 2013

Net Income

Down

-$54,855

Down $140,961 (-164%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth13th 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

2014

Assets$622,456
Liabilities$221,681
Net Assets$400,775
Open 2014 Filing

Operations Trend

Revenue Growth9th percentile

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

2014

Revenue$474,137
Expenses$528,992
Net Income-$54,855
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Aug 6, 2015
Return Version
2014v5.0
Gross Receipts
$504,716
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$554,999$515,770▼ $39,229
Land, Buildings, and Equipment, Net$71,929$65,110▼ $6,819
Savings and Temporary Cash Investments$49,993--
Accounts Receivable$24,929$19,149▼ $5,780
Prepaid Expenses and Deferred Charges$7,555$17,609▲ $10,054
Inventories for Sale or Use$1,056$2,454▲ $1,398
Total Assets$712,819$622,456▼ $90,363
Other Assets Total$2,358$2,364▲ $6
Liabilities
Other Liabilities$244,525$210,846▼ $33,679
Accounts Payable and Accrued Expenses$10,840$10,835▼ $5
Total Liabilities$255,365$221,681▼ $33,684
Net Assets / Fund Balance
Unrestricted Net Assets$457,454$400,775▼ $56,679
Total Net Assets Fund Balance$457,454$400,775▼ $56,679
Total Liabilities and Net Assets / Fund Balance$712,819$622,456▼ $90,363

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$53,819$75,752-
Leasehold Improvements$11,291$3,981-
Compensation and Service Providers
Top Officer Pay47th percentile

Board Members and Trustees

NameTitle
Karl PetersenPresident
Robert N BelcherDirector
R Esther FikeSecretary &
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$443,502
Investment Income
$265
Other Revenue
$30,370
Change in Net Assets
$-54,855

Audited Revenue Reconciliation

Revenue per Audited Statements
$474,137
Revenue Not Reported on Form 990
$28,755
Total Revenue per Audited Statements
$502,892
Total Revenue per Form 990
$474,137
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$312,615
Salaries, Compensation, and Employee Benefits$216,377
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$106,540$93,819-$200,359
Occupancy$119,126$10,710-$129,836
Advertising$31,206--$31,206
Fees for Services Other$5,000$25,145-$30,145
Fees for Services Accounting-$17,147-$17,147
Payroll Taxes$12,757$3,261-$16,018
Depreciation Depletion$12,953$2,759-$15,712
Insurance$4,285$10,718-$15,003
Fees for Services Management$12,712--$12,712
Travel$1,051$6,957-$8,008
Office Expenses$3,001$4,330-$7,331
All Other Expenses$943$4,598-$5,541
Other Expenses$8,193$3,650-$3,650
Conferences and Meetings$564--$564
Information Technology-$40-$40
Total Functional Expenses$345,858$183,134$0$528,992

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$559,571
Expenses per Audited Statements$528,992
Total Expenses per Form 990$528,992
Expenses Not Reported on Form 990$30,579
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Student Advance Payments$67,858
Unearned Tuition$67,718
Due to Related Parties$40,940
Deferred Rent$27,256
Accrued Expenses$7,074
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

“City college, inc. Also a 501(c)(3) educational institution has an agreement to provide management services to franklin academy, inc.”

Form 990, Page 6, Part VI, Line 8B

“No committees exist within the governing body.”

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

“A copy of the form 990 is made available to the members of the governing body via email before the return is filed.”

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

“Independent members of the board of directors approve officers salaries. The ceo approves the salaries of key employees.”

Form 990, Page 6, Part VI, Line 19

“The governing documents and financial statements are made available by request at the corporate offices during normal business hours.”

Filing and Contact Details

Filer

Filer Name
Franklin Academy Inc
EIN
64-0876425
Phone
9544925353
Address
1605 PROFESSIONAL PARK DRIVE NW, CLEVELAND, TN 37312

Signing Officer

Name
Karl Petersen
Title
President
Phone
9544925353
Signed
2015-08-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Karl Petersen
Formed
1996
Legal Domicile
Tn
Voting Board Members
3
Independent Board Members
3
Employees
9

Preparer

Firm
Tjs Deemer Dana Llp
Address
118 PARK OF COMMERCE DR SUITE 200, SAVANNAH, GA 31405
Preparer
John a Vandaveer CPA
Phone
9122381001
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S 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.”

Form 990, Part XI, Line 9

“Cost of goods sold 30,579 cost of goods sold bookstore -30,579”

Form 990, Page 12, Part XII, Line 2C

“The entire board of directors assumes responsibility for oversight of the audit and selection of the independent auditors.”

Financial Statement Notes

Schedule D, Page 3, Part X

“The 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, 2014. Accordingly, no provision for income tax has been made. The financial accounting standards board requires management to annually evaluate the academys tax positions, including accounting and measurement of uncertain tax positions. For the year ending december 31, 2014, 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 2011.”

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

“Cost of goods sold 30,579”

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

“Cost of goods sold bookstore 30,579”

Raw XML Appendix385 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/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0443502
IRS990/SavingsAndTempCashInvstGrp/BOYAmt049993
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt053819
IRS990ScheduleD/EquipmentGrp/DepreciationAmt075752
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0129571
IRS990ScheduleD/ExpensesNotReportedAmt030579
IRS990ScheduleD/ExpensesSubtotalAmt0528992
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt011291
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt03981
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt015272
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-1824
IRS990ScheduleD/OtherExpensesIncludedAmt030579
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt067858
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt167718
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt240940
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt327256
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt47074
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0STUDENT ADVANCE PAYMENTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1UNEARNED TUITION
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2DUE TO RELATED PARTIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3DEFERRED RENT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4ACCRUED EXPENSES
IRS990ScheduleD/OtherRevenueAmt030579
IRS990ScheduleD/RevenueNotReportedAmt028755
IRS990ScheduleD/RevenueSubtotalAmt0474137
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE 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, 2014. ACCORDINGLY, NO PROVISION FOR INCOME TAX HAS BEEN MADE. THE FINANCIAL ACCOUNTING STANDARDS BOARD REQUIRES MANAGEMENT TO ANNUALLY EVALUATE THE ACADEMYS TAX POSITIONS, INCLUDING ACCOUNTING AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. FOR THE YEAR ENDING DECEMBER 31, 2014, 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 2011.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1COST OF GOODS SOLD 30,579
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2COST OF GOODS SOLD BOOKSTORE 30,579
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE D, PAGE 4, PART XII, LINE 2D
IRS990ScheduleD/TotalBookValueLandBuildingsAmt065110
IRS990ScheduleD/TotalExpensesPerForm990Amt0528992
IRS990ScheduleD/TotalLiabilityAmt0210846
IRS990ScheduleD/TotalRevenuePerForm990Amt0474137
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0502892
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0559571
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0FRANKLIN 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/SupplementalInformationDetail/ExplanationTxt1THE 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.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 6
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FRANKLIN 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CITY COLLEGE, INC. ALSO A 501(C)(3) EDUCATIONAL INSTITUTION HAS AN AGREEMENT TO PROVIDE MANAGEMENT SERVICES TO FRANKLIN ACADEMY, INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO COMMITTEES EXIST WITHIN THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A COPY OF THE FORM 990 IS MADE AVAILABLE TO THE MEMBERS OF THE GOVERNING BODY VIA EMAIL BEFORE THE RETURN IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4INDEPENDENT MEMBERS OF THE BOARD OF DIRECTORS APPROVE OFFICERS SALARIES. THE CEO APPROVES THE SALARIES OF KEY EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE MADE AVAILABLE BY REQUEST AT THE CORPORATE OFFICES DURING NORMAL BUSINESS HOURS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6COST OF GOODS SOLD 30,579 COST OF GOODS SOLD BOOKSTORE -30,579
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE ENTIRE BOARD OF DIRECTORS ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT AUDITORS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 12, PART XII, LINE 2C
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0712819
IRS990/TotalAssetsEOYAmt0622456
IRS990/TotalAssetsGrp/BOYAmt0712819
IRS990/TotalAssetsGrp/EOYAmt0622456
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt09
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0183134
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0345858
IRS990/TotalFunctionalExpensesGrp/TotalAmt0528992
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0255365
IRS990/TotalLiabilitiesEOYAmt0221681
IRS990/TotalLiabilitiesGrp/BOYAmt0255365
IRS990/TotalLiabilitiesGrp/EOYAmt0221681
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0457454
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0400775
IRS990/TotalProgramServiceExpensesAmt0345858
IRS990/TotalProgramServiceRevenueAmt0443502
IRS990/TotalRevenueGrp/ExclusionAmt0265
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0473872
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0474137
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0712819
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0622456
IRS990/TravelGrp/ManagementAndGeneralAmt06957
IRS990/TravelGrp/ProgramServicesAmt01051
IRS990/TravelGrp/TotalAmt08008
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0457454
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0400775
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt09 WILD ROSE DRIVE
IRS990/USAddress/CityNm0LADUE
IRS990/USAddress/StateAbbreviationCd0MO
IRS990/USAddress/ZIPCd063124
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0WWW.FRANKLINACADEMY.EDU
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02016-04-25 22:37:26Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KARL PETERSEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09544925353
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-08-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FRANKLIN ACADEMY INC
ReturnHeader/Filer/BusinessNameControlTxt0FRAN
ReturnHeader/Filer/EIN0640876425
ReturnHeader/Filer/PhoneNum09544925353
ReturnHeader/Filer/USAddress/AddressLine1Txt01605 PROFESSIONAL PARK DRIVE NW
ReturnHeader/Filer/USAddress/CityNm0CLEVELAND
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TN
ReturnHeader/Filer/USAddress/ZIPCd037312
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0582663273
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0TJS DEEMER DANA LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0118 PARK OF COMMERCE DR SUITE 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SAVANNAH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0GA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd031405
ReturnHeader/PreparerPersonGrp/PhoneNum09122381001
ReturnHeader/PreparerPersonGrp/PreparationDt02015-08-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOHN A VANDAVEER CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02015-09-15T11:02:36-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$622,456
Liabilities
$221,681
Net assets
$400,775
Revenue
$474,137
Expenses
$528,992
Net income
-$54,855
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