Civic Intelligence

Franklin Discovery Academy - Vineyard

990 • Fiscal year 2019 • EIN 81-2710886

Jul 01, 2018 to Jun 30, 2019 • Filed on Dec 13, 2019

Organization ProfileWWW.FRANKLINDISCOVERY.ORG

View Organization Page

320 E Gammon RoadVineyard, UT 84058

(801) 785-6500

Siviq Scores

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

Liabilities / Assets

93rd percentile

1.02x

Higher debt load relative to assets than 93% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Liabilities / Revenue

91st percentile

3.24x

Higher debt load relative to revenue than 91% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Net Margin

41st percentile

0.8%

Higher net margin than 41% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Top Officer Pay

18th percentile

$81,025

Higher top officer pay than 18% of similar nonprofits.

Top officer pay equals 2.1% of source-year revenue.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Asset Growth

95th percentile

58%

Faster asset growth than 95% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Revenue Growth

68th percentile

11%

Faster revenue growth than 68% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets93rd percentile

Assets

Up

$12,436,770

Up $4,583,877 (+58%) from 2018

Net Assets

Up

-$274,283

Up $31,592 (+10%) from 2018

Liabilities

Up

$12,711,053

Up $4,552,285 (+56%) from 2018

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin41st percentile

Revenue

Up

$3,928,095

Up $380,917 (+11%) from 2018

Expenses

Up

$3,896,503

Up $392,463 (+11%) from 2018

Net Income

Down

$31,592

Down $11,546 (-27%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth95th percentile

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

$20M$15M$10M$5.0M$0-$5.0MAssets 2017: $7,997,845Liabilities 2017: $8,346,858Net Assets 2017: -$349,0132017Assets 2018: $7,852,893Liabilities 2018: $8,158,768Net Assets 2018: -$305,8752018Assets 2019: $12,436,770Liabilities 2019: $12,711,053Net Assets 2019: -$274,2832019Assets 2020: $12,873,443Liabilities 2020: $13,077,349Net Assets 2020: -$203,9062020Assets 2021: $13,165,290Liabilities 2021: $12,893,605Net Assets 2021: $271,6852021Assets 2022: $13,357,125Liabilities 2022: $12,825,718Net Assets 2022: $531,4072022Assets 2023: $13,855,722Liabilities 2023: $13,286,142Net Assets 2023: $569,5802023Assets 2024: $14,303,794Liabilities 2024: $13,194,662Net Assets 2024: $1,109,1322024Assets 2025: $15,292,176Liabilities 2025: $13,389,319Net Assets 2025: $1,902,8572025

Highlighted filing

2019

Assets$12,436,770
Liabilities$12,711,053
Net Assets-$274,283
Open 2019 Filing

Operations Trend

Revenue Growth68th percentile

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

$10M$5.0M$0-$5.0MRevenue 2017: $3,262,421Expenses 2017: $3,423,433Net Income 2017: -$161,0122017Revenue 2018: $3,547,178Expenses 2018: $3,504,040Net Income 2018: $43,1382018Revenue 2019: $3,928,095Expenses 2019: $3,896,503Net Income 2019: $31,5922019Revenue 2020: $4,443,511Expenses 2020: $4,373,134Net Income 2020: $70,3772020Revenue 2021: $5,729,659Expenses 2021: $5,254,068Net Income 2021: $475,5912021Revenue 2022: $5,864,117Expenses 2022: $5,604,395Net Income 2022: $259,7222022Revenue 2023: $6,764,898Expenses 2023: $6,726,725Net Income 2023: $38,1732023Revenue 2024: $7,872,655Expenses 2024: $7,333,103Net Income 2024: $539,5522024Revenue 2025: $8,224,159Expenses 2025: $7,430,434Net Income 2025: $793,7252025

Highlighted filing

2019

Revenue$3,928,095
Expenses$3,896,503
Net Income$31,592
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Dec 13, 2019
Return Version
2018v3.1
Gross Receipts
$3,928,095
Mission and Program Overview

Mission

None

To manage, operate, guide, direct, and promote a public charter school funded by local, state, and federal sources.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$7,261,123$11,618,679▲ $4,357,556
Cash and Non-Interest-Bearing Accounts$391,441$438,096▲ $46,655
Savings and Temporary Cash Investments$176,150$311,856▲ $135,706
Pledges and Grants Receivable$23,649$59,438▲ $35,789
Prepaid Expenses and Deferred Charges-$6,757-
Accounts Receivable$530$1,944▲ $1,414
Total Assets$7,852,893$12,436,770▲ $4,583,877
Liabilities
Mortgage Notes Payable Secured by Investment Property$7,846,665$12,430,415▲ $4,583,750
Accounts Payable and Accrued Expenses$122,754$189,805▲ $67,051
Unsecured Notes Loans Payable$167,229$90,833▼ $76,396
Deferred Revenue$22,120--
Total Liabilities$8,158,768$12,711,053▲ $4,552,285
Net Assets / Fund Balance
Unrestricted Net Assets$-305,875$-274,283▲ $31,592
Total Net Assets Fund Balance$-305,875$-274,283▲ $31,592
Total Liabilities and Net Assets / Fund Balance$7,852,893$12,436,770▲ $4,583,877

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$9,136,162$883,954$10,020,116
Land$2,421,910-$2,421,910
Equipment$60,607$7,264$67,871
Compensation and Service Providers
Top Officer Pay18th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Trudy JackExecutive DiFT$75,025$6,000$81,025

Board Members and Trustees

NameTitle
Cindy BusardChair
David MacfarlaneBoard Member
Matthew BridgstockBoard Member
Jennifer PriceCAO
Naya PuntsagTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$3,793,662
Program Service Revenue
$89,469
Investment Income
$132
Other Revenue
$44,832
All Other Contributions
$22,682
Change in Net Assets
$31,592

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,928,095
Total Revenue per Audited Statements
$3,928,095
Total Revenue per Form 990
$3,928,095
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,201,113
Other Expenses$1,695,390
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,686,552$151,460-$1,838,012
Interest$617,567$62,489-$680,056
Depreciation Depletion$278,463$28,176-$306,639
Payroll Taxes$155,378--$155,378
Fees for Services Other$128,399$9,205-$137,604
Other Employee Benefits$94,149$22,349-$116,498
Occupancy$14,094$65,387-$79,481
Current Officers, Directors, Trustees, and Key Employees$75,025--$75,025
Information Technology$53,889--$53,889
All Other Expenses$27,015--$27,015
Travel$17,857--$17,857
Pension Plan Contributions$16,200--$16,200
Other Expenses$14,562$18,974-$14,562
Insurance$10,967--$10,967
Office Expenses$10,699--$10,699
Fees for Services Legal$6,660--$6,660
Advertising$1,971--$1,971
Conferences and Meetings$915--$915
Total Functional Expenses$3,538,463$358,040$0$3,896,503

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,896,503
Total Expenses per Audited Statements$3,896,503
Total Expenses per Form 990$3,896,503
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Julie ChaconFamily RelationEmp Comp & BenefitsNo$22,469
Brooke JackFamily RelationEmp Comp & BenefitsNo$11,043
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
Yes
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 11B

“Reviewed as part of regularly scheduled board meeting.”

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

“The board of directors and management regularly monitor and enforce the school's conflict of interest policy.”

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

“The board compares salaries to local school districts. The board approves all salaries and compensation.”

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

“The board compares salaries to local school districts. The board approves all salaries and compensation.”

Form 990, Page 6, Part VI, Line 19

“Governing documents made available upon request.”

Filing and Contact Details

Filer

Filer Name
Franklin Discovery Academy -
EIN
81-2710886
Phone
8017856500
Address
320 E GAMMON ROAD, VINEYARD, UT 84058

Signing Officer

Name
Trudy Jack
Title
Executive Director
Phone
8017856500
Signed
2019-12-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Trudy Jack
Formed
2016
Legal Domicile
Ut
Voting Board Members
4
Independent Board Members
4
Employees
168
Volunteers
280

Preparer

Firm
Squire & Company Pc
Address
1329 SOUTH 800 EAST, OREM, UT 84097-7737
Preparer
M Paul Winward CPA
Phone
8012256900
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IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt067871
IRS990ScheduleD/ExpensesSubtotalAmt03896503
IRS990ScheduleD/LandGrp/BookValueAmt02421910
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt02421910
IRS990ScheduleD/RevenueSubtotalAmt03928095
IRS990ScheduleD/TotalBookValueLandBuildingsAmt011618679
IRS990ScheduleD/TotalExpensesPerForm990Amt03896503
IRS990ScheduleD/TotalRevenuePerForm990Amt03928095
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03928095
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03896503
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/PlcyPblczdViaBroadcastMediaInd0false
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL IS EXCUSED FROM FORMAL COMPLIANCE WITH THE REV. PROC. 75-50 AS LONG AS THE SCHOOL'S CHARTER AGREEMENT WITH THE STATE OF UTAH REMAINS IN EFFECT.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION RECEIVES STATE AND FEDERAL GRANTS TO OPERATE THE SCHOOL.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 6
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm1BROOKE JACK
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0FAMILY RELATION
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1FAMILY RELATION
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd1false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt022469
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt111043
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0EMP COMP & BENEFITS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1EMP COMP & BENEFITS
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0REVIEWED AS PART OF REGULARLY SCHEDULED BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS AND MANAGEMENT REGULARLY MONITOR AND ENFORCE THE SCHOOL'S CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD COMPARES SALARIES TO LOCAL SCHOOL DISTRICTS. THE BOARD APPROVES ALL SALARIES AND COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD COMPARES SALARIES TO LOCAL SCHOOL DISTRICTS. THE BOARD APPROVES ALL SALARIES AND COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
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/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt07852893
IRS990/TotalAssetsEOYAmt012436770
IRS990/TotalAssetsGrp/BOYAmt07852893
IRS990/TotalAssetsGrp/EOYAmt012436770
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt03793662
IRS990/TotalEmployeeCnt0168
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0358040
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03538463
IRS990/TotalFunctionalExpensesGrp/TotalAmt03896503
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt08158768
IRS990/TotalLiabilitiesEOYAmt012711053
IRS990/TotalLiabilitiesGrp/BOYAmt08158768
IRS990/TotalLiabilitiesGrp/EOYAmt012711053
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-305875
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-274283
IRS990/TotalOtherCompensationAmt06000
IRS990/TotalProgramServiceExpensesAmt03538463
IRS990/TotalProgramServiceRevenueAmt089469
IRS990/TotalReportableCompFromOrgAmt075025
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0134433
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03928095
IRS990/TotalVolunteersCnt0280
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt07852893
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt012436770
IRS990/TravelGrp/ProgramServicesAmt017857
IRS990/TravelGrp/TotalAmt017857
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-305875
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-274283
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0167229
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt090833
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0320 E GAMMON ROAD
IRS990/USAddress/CityNm0VINEYARD
IRS990/USAddress/StateAbbreviationCd0UT
IRS990/USAddress/ZIPCd084058
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0WWW.FRANKLINDISCOVERY.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02020-04-17 16:48:07Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0TRUDY JACK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum08017856500
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-12-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FRANKLIN DISCOVERY ACADEMY -
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0VINEYARD
ReturnHeader/Filer/BusinessNameControlTxt0FRAN
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ReturnHeader/Filer/PhoneNum08017856500
ReturnHeader/Filer/USAddress/AddressLine1Txt0320 E GAMMON ROAD
ReturnHeader/Filer/USAddress/CityNm0VINEYARD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0UT
ReturnHeader/Filer/USAddress/ZIPCd084058
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ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt097.75.165.26
ReturnHeader/FilingSecurityInformation/IPDt02019-12-13
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm009:07:21
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0870343246
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SQUIRE & COMPANY PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01329 SOUTH 800 EAST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0OREM
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0UT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0840977737
ReturnHeader/PreparerPersonGrp/PhoneNum08012256900
ReturnHeader/PreparerPersonGrp/PreparationDt02019-12-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0M PAUL WINWARD CPA
ReturnHeader/ReturnTs02019-12-13T09:07:21-06:00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$12,436,770
Liabilities
$12,711,053
Net assets
-$274,283
Revenue
$3,928,095
Expenses
$3,896,503
Net income
$31,592
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$15.3$13.4$1.90$8.22$7.43$0.79
2024Detailed filing. Detailed filing data is available for this year.$14.3$13.2$1.11$7.87$7.33$0.54
2023Detailed filing. Detailed filing data is available for this year.$13.9$13.3$0.57$6.76$6.73$0.04
2022Detailed filing. Detailed filing data is available for this year.$13.4$12.8$0.53$5.86$5.60$0.26
2021Detailed filing. Detailed filing data is available for this year.$13.2$12.9$0.27$5.73$5.25$0.48
2020Detailed filing. Detailed filing data is available for this year.$12.9$13.1$0.20$4.44$4.37$0.07
2019Detailed filing. Detailed filing data is available for this year.$12.4$12.7$0.27$3.93$3.90$0.03
2018Detailed filing. Detailed filing data is available for this year.$7.85$8.16$0.31$3.55$3.50$0.04
2017Detailed filing. Detailed filing data is available for this year.$8.00$8.35$0.35$3.26$3.42$0.16