Civic Intelligence

Franklin Academy Incorporated

990 • Fiscal year 2021 • EIN 72-0691938

Aug 01, 2020 to Jul 31, 2021 • Filed on Sep 13, 2021

Organization Profile
Loop RoadWinnsboro, LA 71295

(318) 435-9520

Siviq Scores

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

Liabilities / Assets

49th percentile

0.06x

Higher debt load relative to assets than 49% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

40th percentile

0.05x

Higher debt load relative to revenue than 40% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

53rd percentile

14%

Higher net margin than 53% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

40th percentile

$9,313

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 0.8% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

62nd percentile

16%

Faster asset growth than 62% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

31st percentile

-0.4%

Faster revenue growth than 31% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets49th percentile

Assets

Up

$958,770

Up $130,885 (+16%) from 2020

Net Assets

Up

$898,140

Up $173,799 (+24%) from 2020

Liabilities

Down

$60,630

Down $42,914 (-41%) from 2020

Revenue And Expenses
Liabilities / Revenue40th percentileNet Margin53rd percentile

Revenue

Down

$1,221,264

Down $4,506 (-0.4%) from 2020

Expenses

Down

$1,047,465

Down $20,057 (-1.9%) from 2020

Net Income

Up

$173,799

Up $15,551 (+9.8%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth62nd percentile

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

$1.5M$1.0M$500K$0Assets 2012: $261,673Liabilities 2012: $928Net Assets 2012: $260,7452012Assets 2013: $326,810Liabilities 2013: $1,379Net Assets 2013: $325,4312013Assets 2014: $388,627Liabilities 2014: $126Net Assets 2014: $388,5012014Assets 2015: $545,359Liabilities 2015: $2,090Net Assets 2015: $543,2692015Assets 2016: $856,458Liabilities 2016: $225,388Net Assets 2016: $631,1202016Assets 2017: $906,084Liabilities 2017: $215,901Net Assets 2017: $690,1832017Assets 2018: $770,275Liabilities 2018: $162,847Net Assets 2018: $607,4282018Assets 2019: $699,235Liabilities 2019: $133,142Net Assets 2019: $566,0932019Assets 2020: $827,885Liabilities 2020: $103,544Net Assets 2020: $724,3412020Assets 2021: $958,770Liabilities 2021: $60,630Net Assets 2021: $898,1402021Assets 2022: $1,364,659Liabilities 2022: $453,741Net Assets 2022: $910,9182022Assets 2023: $1,353,578Liabilities 2023: $430,806Net Assets 2023: $922,7722023Assets 2024: $1,318,941Liabilities 2024: $381,958Net Assets 2024: $936,9832024Assets 2025: $1,378,858Liabilities 2025: $350,869Net Assets 2025: $1,027,9892025

Highlighted filing

2021

Assets$958,770
Liabilities$60,630
Net Assets$898,140
Open 2021 Filing

Operations Trend

Revenue Growth31st percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2012: $928,351Expenses 2012: $878,618Net Income 2012: $49,7332012Revenue 2013: $959,105Expenses 2013: $894,419Net Income 2013: $64,6862013Revenue 2014: $1,000,588Expenses 2014: $937,518Net Income 2014: $63,0702014Revenue 2015: $1,195,861Expenses 2015: $1,041,093Net Income 2015: $154,7682015Revenue 2016: $1,270,322Expenses 2016: $1,203,277Net Income 2016: $67,0452016Revenue 2017: $1,222,344Expenses 2017: $1,163,281Net Income 2017: $59,0632017Revenue 2018: $1,119,121Expenses 2018: $1,201,876Net Income 2018: -$82,7552018Revenue 2019: $1,117,255Expenses 2019: $1,158,590Net Income 2019: -$41,3352019Revenue 2020: $1,225,770Expenses 2020: $1,067,522Net Income 2020: $158,2482020Revenue 2021: $1,221,264Expenses 2021: $1,047,465Net Income 2021: $173,7992021Revenue 2022: $1,185,958Expenses 2022: $1,173,180Net Income 2022: $12,7782022Revenue 2023: $1,212,890Expenses 2023: $1,201,036Net Income 2023: $11,8542023Revenue 2024: $1,269,513Expenses 2024: $1,255,302Net Income 2024: $14,2112024Revenue 2025: $1,354,709Expenses 2025: $1,263,703Net Income 2025: $91,0062025

Highlighted filing

2021

Revenue$1,221,264
Expenses$1,047,465
Net Income$173,799
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Aug 1, 2020 to Jul 31, 2021
Signed
Sep 13, 2021
Return Version
2020v4.0
Gross Receipts
$1,286,948
Mission and Program Overview

Mission

To provide quality education in a christian atmosphere.

PRIVATE SCHOOL

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$543,519$505,960▼ $37,559
Cash and Non-Interest-Bearing Accounts$256,201$424,242▲ $168,041
Savings and Temporary Cash Investments$27,367$27,736▲ $369
Accounts Receivable$798$832▲ $34
Total Assets$827,885$958,770▲ $130,885
Liabilities
Unsecured Notes Loans Payable$103,535$57,746▼ $45,789
Accounts Payable and Accrued Expenses$9$2,884▲ $2,875
Total Liabilities$103,544$60,630▼ $42,914
Net Assets / Fund Balance
Net Assets With Donor Restrictions$543,519$505,960▼ $37,559
Net Assets Without Donor Restrictions$180,822$392,180▲ $211,358
Total Net Assets Fund Balance$724,341$898,140▲ $173,799
Total Liabilities and Net Assets / Fund Balance$827,885$958,770▲ $130,885

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$505,960$858,719$1,364,679
Compensation and Service Providers
Top Officer Pay40th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Patty RemoreBoard MemberFT$9,313$9,313

Board Members and Trustees

NameTitle
Jeremy RollinsPresident
Amanda FifeBoard Member
Kevin MontgomeryBoard Member
Mandy FaulkBoard Member
Scott SartinBoard Member
Hank JonesVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$891,704
Investment Income
$369
Other Revenue
$329,191
Change in Net Assets
$173,799
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$700,285
Other Expenses$347,180
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$649,747--$649,747
Occupancy$52,919--$52,919
Payroll Taxes$50,538--$50,538
All Other Expenses$41,622--$41,622
Depreciation Depletion$39,913--$39,913
Insurance$34,504--$34,504
Fees for Services Other$17,389--$17,389
Office Expenses$16,635--$16,635
Fees for Services Accounting$12,775--$12,775
Other Expenses$11,053--$11,053
Interest$4,211--$4,211
Total Functional Expenses$1,047,465$0$0$1,047,465
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$249,807
Fundraising Direct Expenses$65,684
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fund Raising$249,807$249,807$65,684$184,123
Total Events$249,807$249,807$65,684$184,123
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
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
No
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 11B

“The headmaster and the president of the board review a copy of the return. A copy is provided for the board's inspectin.”

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

“Compensation issues are reviewed and approved by the board of directors.”

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

“Compensation issues are reviewed and approved by the board of directors.”

Form 990, Page 6, Part VI, Line 19

“These are available, upon request. With inspection at franklin academy, inc.'s office in winnsboro, louisiana.”

Filing and Contact Details

Filer

Filer Name
Franklin Academy
EIN
72-0691938
Phone
3184359520
Address
LOOP ROAD, WINNSBORO, LA 71295

Signing Officer

Name
Phil Jackson
Title
Headmaster
Phone
3184359520
Signed
2021-09-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeremy Rollins
Formed
1972
Legal Domicile
La
Voting Board Members
7
Independent Board Members
7
Employees
48

Preparer

Firm
Marcus Robinson & Hassell Branch
Address
702 EVADALE, WINNSBORO, LA 71295
Preparer
William Doyle Hassell Jr
Phone
3184357519
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 2

“The school provides quality education in a christian atmosphere to over 200 students”

Form 990, Page 2, Part III, Line 4D

“To provide quality educatioon in a christian atmosphere.”

Raw XML Appendix381 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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IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt065684
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0FUND RAISING
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0249807
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0249807
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0249807
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0249807
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0184123
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt065684
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt065684
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt03
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL PROVIDES QUALITY EDUCATION IN A CHRISTIAN ATMOSPHERE TO OVER 200 STUDENTS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1TO PROVIDE QUALITY EDUCATIOON IN A CHRISTIAN ATMOSPHERE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE HEADMASTER AND THE PRESIDENT OF THE BOARD REVIEW A COPY OF THE RETURN. A COPY IS PROVIDED FOR THE BOARD'S INSPECTIN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPENSATION ISSUES ARE REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COMPENSATION ISSUES ARE REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THESE ARE AVAILABLE, UPON REQUEST. WITH INSPECTION AT FRANKLIN ACADEMY, INC.'S OFFICE IN WINNSBORO, LOUISIANA.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0true
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0827885
IRS990/TotalAssetsEOYAmt0958770
IRS990/TotalAssetsGrp/BOYAmt0827885
IRS990/TotalAssetsGrp/EOYAmt0958770
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt048
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01047465
IRS990/TotalFunctionalExpensesGrp/TotalAmt01047465
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0103544
IRS990/TotalLiabilitiesEOYAmt060630
IRS990/TotalLiabilitiesGrp/BOYAmt0103544
IRS990/TotalLiabilitiesGrp/EOYAmt060630
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0724341
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0898140
IRS990/TotalOtherProgSrvcExpenseAmt039913
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt01611
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt01611
IRS990/TotalProgramServiceExpensesAmt01047465
IRS990/TotalProgramServiceRevenueAmt0891704
IRS990/TotalReportableCompFromOrgAmt09313
IRS990/TotalRevenueGrp/ExclusionAmt0184123
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01037141
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01221264
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0827885
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0958770
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0103535
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt057746
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02110 LOOP ROAD
IRS990/USAddress/CityNm0WINNSBORO
IRS990/USAddress/StateAbbreviationCd0LA
IRS990/USAddress/ZIPCd071295
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0PHIL JACKSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0HEADMASTER
ReturnHeader/BusinessOfficerGrp/PhoneNum03184359520
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-09-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FRANKLIN ACADEMY
ReturnHeader/Filer/BusinessNameControlTxt0FRAN
ReturnHeader/Filer/EIN0720691938
ReturnHeader/Filer/PhoneNum03184359520
ReturnHeader/Filer/USAddress/AddressLine1Txt0LOOP ROAD
ReturnHeader/Filer/USAddress/CityNm0WINNSBORO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0LA
ReturnHeader/Filer/USAddress/ZIPCd071295
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0720876312
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MARCUS ROBINSON & HASSELL BRANCH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0702 EVADALE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WINNSBORO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0LA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd071295
ReturnHeader/PreparerPersonGrp/PhoneNum03184357519
ReturnHeader/PreparerPersonGrp/PreparationDt02021-09-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0WILLIAM DOYLE HASSELL JR
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02021-09-16T14:57:22-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0PHIL
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0JACKSON
ReturnHeader/TaxPeriodBeginDt02020-08-01
ReturnHeader/TaxPeriodEndDt02021-07-31
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$958,770
Liabilities
$60,630
Net assets
$898,140
Revenue
$1,221,264
Expenses
$1,047,465
Net income
$173,799
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.38$0.35$1.03$1.35$1.26$0.09
2024Detailed filing. Detailed filing data is available for this year.$1.32$0.38$0.94$1.27$1.26$0.01
2023Detailed filing. Detailed filing data is available for this year.$1.35$0.43$0.92$1.21$1.20$0.01
2022Detailed filing. Detailed filing data is available for this year.$1.36$0.45$0.91$1.19$1.17$0.01
2021Detailed filing. Detailed filing data is available for this year.$0.96$0.06$0.90$1.22$1.05$0.17
2020Summary only. Only limited summary data is available for this year.$0.83$0.10$0.72$1.23$1.07$0.16
2019Summary only. Only limited summary data is available for this year.$0.70$0.13$0.57$1.12$1.16$0.04
2018Summary only. Only limited summary data is available for this year.$0.77$0.16$0.61$1.12$1.20$0.08
2017Summary only. Only limited summary data is available for this year.$0.91$0.22$0.69$1.22$1.16$0.06
2016Summary only. Only limited summary data is available for this year.$0.86$0.23$0.63$1.27$1.20$0.07
2015Summary only. Only limited summary data is available for this year.$0.55$0.00$0.54$1.20$1.04$0.15
2014Summary only. Only limited summary data is available for this year.$0.39$0.00$0.39$1.00$0.94$0.06
2013Summary only. Only limited summary data is available for this year.$0.33$0.00$0.33$0.96$0.89$0.06
2012Summary only. Only limited summary data is available for this year.$0.26$0.00$0.26$0.93$0.88$0.05