Civic Intelligence

Franklin Academy Incorporated

990 • Fiscal year 2023 • EIN 72-0691938

Aug 01, 2022 to Jul 31, 2023 • Filed on Sep 26, 2023

Organization Profile
2110 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

76th percentile

0.32x

Higher debt load relative to assets than 76% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

75th percentile

0.36x

Higher debt load relative to revenue than 75% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

43rd percentile

1.0%

Higher net margin than 43% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

43rd percentile

$23,463

Higher top officer pay than 43% of similar nonprofits.

Top officer pay equals 1.9% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

33rd percentile

-0.8%

Faster asset growth than 33% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

42nd percentile

2.3%

Faster revenue growth than 42% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets76th percentile

Assets

Down

$1,353,578

Down $11,081 (-0.8%) from 2022

Net Assets

Up

$922,772

Up $11,854 (+1.3%) from 2022

Liabilities

Down

$430,806

Down $22,935 (-5.1%) from 2022

Revenue And Expenses
Liabilities / Revenue75th percentileNet Margin43rd percentile

Revenue

Up

$1,212,890

Up $26,932 (+2.3%) from 2022

Expenses

Up

$1,201,036

Up $27,856 (+2.4%) from 2022

Net Income

Down

$11,854

Down $924 (-7.2%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth33rd 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

2023

Assets$1,353,578
Liabilities$430,806
Net Assets$922,772
Open 2023 Filing

Operations Trend

Revenue Growth42nd 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

2023

Revenue$1,212,890
Expenses$1,201,036
Net Income$11,854
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Aug 1, 2022 to Jul 31, 2023
Signed
Sep 26, 2023
Return Version
2022v5.0
Gross Receipts
$1,375,484
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$689,989$842,558▲ $152,569
Savings and Temporary Cash Investments$28,011$333,650▲ $305,639
Cash and Non-Interest-Bearing Accounts$643,701$170,583▼ $473,118
Accounts Receivable$2,958$6,787▲ $3,829
Total Assets$1,364,659$1,353,578▼ $11,081
Liabilities
Unsecured Notes Loans Payable$451,125$428,170▼ $22,955
Accounts Payable and Accrued Expenses$2,616$2,636▲ $20
Total Liabilities$453,741$430,806▼ $22,935
Net Assets / Fund Balance
Net Assets With Donor Restrictions$689,989$842,558▲ $152,569
Net Assets Without Donor Restrictions$220,929$80,214▼ $140,715
Total Net Assets Fund Balance$910,918$922,772▲ $11,854
Total Liabilities and Net Assets / Fund Balance$1,364,659$1,353,578▼ $11,081

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$842,558$944,697$1,787,255
Compensation and Service Providers
Top Officer Pay43rd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Patty RemoreTreasurerFT$23,463$23,463

Board Members and Trustees

NameTitle
Mandy FaulkPresident
Ariel ChappelleBoard Member
Courtney WrightBoard Member
Jerred AndersonBoard Member
Justin RobinsonBoard Member
Kevin MontgomeryVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$953,071
Investment Income
$6,541
Other Revenue
$253,278
Change in Net Assets
$11,854
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$754,116
Other Expenses$446,920
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$699,758--$699,758
Occupancy$75,094--$75,094
Payroll Taxes$54,358--$54,358
Depreciation Depletion$42,813--$42,813
All Other Expenses$38,510--$38,510
Insurance$38,403--$38,403
Fees for Services Other$22,086--$22,086
Office Expenses$19,702--$19,702
Interest$18,045--$18,045
Other Expenses$15,808--$15,808
Fees for Services Accounting$7,574--$7,574
Advertising$150--$150
Total Functional Expenses$1,201,036$0$0$1,201,036
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$393,133
Fundraising Direct Expenses$162,594
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fund Raising$393,133$393,133$162,594$230,539
Total Events$393,133$393,133$162,594$230,539
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
2110 LOOP ROAD, WINNSBORO, LA 71295

Signing Officer

Name
Phil Jackson
Title
Headmaster
Phone
3184359520
Signed
2023-09-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mandy Faulk
Formed
1972
Legal Domicile
La
Voting Board Members
7
Independent Board Members
7
Employees
53

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 4D

“To provide quality educatioon in a christian atmosphere.”

Raw XML Appendix383 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/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
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt0162594
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0FUND RAISING
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0393133
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0393133
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0393133
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0393133
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0230539
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt0162594
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt0162594
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt03
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO PROVIDE QUALITY EDUCATIOON IN A CHRISTIAN ATMOSPHERE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE HEADMASTER AND THE PRESIDENT OF THE BOARD REVIEW A COPY OF THE RETURN. A COPY IS PROVIDED FOR THE BOARD'S INSPECTIN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPENSATION ISSUES ARE REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPENSATION ISSUES ARE REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THESE ARE AVAILABLE, UPON REQUEST. WITH INSPECTION AT FRANKLIN ACADEMY, INC.'S OFFICE IN WINNSBORO, LOUISIANA.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01364659
IRS990/TotalAssetsEOYAmt01353578
IRS990/TotalAssetsGrp/BOYAmt01364659
IRS990/TotalAssetsGrp/EOYAmt01353578
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt053
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01201036
IRS990/TotalFunctionalExpensesGrp/TotalAmt01201036
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0453741
IRS990/TotalLiabilitiesEOYAmt0430806
IRS990/TotalLiabilitiesGrp/BOYAmt0453741
IRS990/TotalLiabilitiesGrp/EOYAmt0430806
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0910918
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0922772
IRS990/TotalOtherProgSrvcExpenseAmt042813
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt012662
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt012662
IRS990/TotalProgramServiceExpensesAmt01201036
IRS990/TotalProgramServiceRevenueAmt0953071
IRS990/TotalReportableCompFromOrgAmt023463
IRS990/TotalRevenueGrp/ExclusionAmt0230539
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0982351
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01212890
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01364659
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01353578
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0451125
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0428170
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02110 LOOP ROAD
IRS990/USAddress/CityNm0WINNSBORO
IRS990/USAddress/StateAbbreviationCd0LA
IRS990/USAddress/ZIPCd071295
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0PHIL JACKSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0HEADMASTER
ReturnHeader/BusinessOfficerGrp/PhoneNum03184359520
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-09-26
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FRANKLIN ACADEMY
ReturnHeader/Filer/BusinessNameControlTxt0FRAN
ReturnHeader/Filer/EIN0720691938
ReturnHeader/Filer/PhoneNum03184359520
ReturnHeader/Filer/USAddress/AddressLine1Txt02110 LOOP ROAD
ReturnHeader/Filer/USAddress/CityNm0WINNSBORO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0LA
ReturnHeader/Filer/USAddress/ZIPCd071295
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
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/PreparationDt02023-09-26
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0WILLIAM DOYLE HASSELL JR
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02023-09-27T15:55:10-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0PHIL
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0JACKSON
ReturnHeader/TaxPeriodBeginDt02022-08-01
ReturnHeader/TaxPeriodEndDt02023-07-31
ReturnHeader/TaxYr02022

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$1,353,578
Liabilities
$430,806
Net assets
$922,772
Revenue
$1,212,890
Expenses
$1,201,036
Net income
$11,854
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