Civic Intelligence

Franklin Discovery Academy - Vineyard

990 • Fiscal year 2021 • EIN 81-2710886

Jul 01, 2020 to Jun 30, 2021 • Filed on Jan 04, 2022

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

0.98x

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

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Liabilities / Revenue

89th percentile

2.25x

Higher debt load relative to revenue than 89% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Net Margin

41st percentile

8.3%

Higher net margin than 41% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Top Officer Pay

23rd percentile

$99,273

Higher top officer pay than 23% of similar nonprofits.

Top officer pay equals 1.7% of source-year revenue.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Asset Growth

29th percentile

2.3%

Faster asset growth than 29% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Revenue Growth

69th percentile

29%

Faster revenue growth than 69% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets93rd percentile

Assets

Up

$13,165,290

Up $291,847 (+2.3%) from 2020

Net Assets

Up

$271,685

Up $475,591 (+233%) from 2020

Liabilities

Down

$12,893,605

Down $183,744 (-1.4%) from 2020

Revenue And Expenses
Liabilities / Revenue89th percentileNet Margin41st percentile

Revenue

Up

$5,729,659

Up $1,286,148 (+29%) from 2020

Expenses

Up

$5,254,068

Up $880,934 (+20%) from 2020

Net Income

Up

$475,591

Up $405,214 (+576%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth29th 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

2021

Assets$13,165,290
Liabilities$12,893,605
Net Assets$271,685
Open 2021 Filing

Operations Trend

Revenue Growth69th 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

2021

Revenue$5,729,659
Expenses$5,254,068
Net Income$475,591
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Jan 4, 2022
Return Version
2020v4.0
Gross Receipts
$5,732,000
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$11,537,664$11,649,558▲ $111,894
Cash and Non-Interest-Bearing Accounts$780,316$975,943▲ $195,627
Pledges and Grants Receivable$30,465$321,453▲ $290,988
Savings and Temporary Cash Investments$493,099$217,869▼ $275,230
Prepaid Expenses and Deferred Charges$8,800--
Accounts Receivable$23,099$467▼ $22,632
Total Assets$12,873,443$13,165,290▲ $291,847
Liabilities
Mortgage Notes Payable Secured by Investment Property$12,406,125$12,391,646▼ $14,479
Unsecured Notes Loans Payable$438,790$278,240▼ $160,550
Accounts Payable and Accrued Expenses$215,720$223,719▲ $7,999
Deferred Revenue$16,714--
Total Liabilities$13,077,349$12,893,605▼ $183,744
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-203,906$271,685▲ $475,591
Total Net Assets Fund Balance$-203,906$271,685▲ $475,591
Total Liabilities and Net Assets / Fund Balance$12,873,443$13,165,290▲ $291,847

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$9,022,889$1,565,440$10,588,329
Land$2,421,910-$2,421,910
Equipment$204,759$30,632$235,391
Compensation and Service Providers
Top Officer Pay23rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Trudy JackExecutive DiFT$90,773$8,500$99,273

Board Members and Trustees

NameTitle
Cindy BusardChair
Andy MonsonBoard Member
Erin UdaBoard Member
Matthew BridgstockBoard Member
Jennifer PriceCAO
Naya PuntsagTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$5,690,763
Program Service Revenue
$20,858
Investment Income
$2,323
Other Revenue
$15,715
All Other Contributions
$4,987
Change in Net Assets
$475,591

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,729,659
Total Revenue per Audited Statements
$5,729,659
Total Revenue per Form 990
$5,729,659
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,104,061
Other Expenses$2,150,007
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,246,195$440,415-$2,686,610
Interest$655,354$73,818-$729,172
Depreciation Depletion$331,660$37,357-$369,017
Fees for Services Other$143,932$51,591-$195,523
Payroll Taxes$147,302--$147,302
Occupancy$124,051$19,126-$143,177
Other Employee Benefits$68,803$67,068-$135,871
Information Technology$86,828$16,536-$103,364
Current Officers, Directors, Trustees, and Key Employees$90,773--$90,773
Pension Plan Contributions$43,505--$43,505
Other Expenses$41,302$1,936-$41,302
Insurance$16,484--$16,484
All Other Expenses$15,138--$15,138
Travel$14,226--$14,226
Office Expenses$6,557--$6,557
Conferences and Meetings$4,130--$4,130
Advertising$160--$160
Total Functional Expenses$4,515,602$738,466$0$5,254,068

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,254,068
Total Expenses per Audited Statements$5,254,068
Total Expenses per Form 990$5,254,068
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
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
Jennifer Price
Title
CAO
Phone
8017856500
Signed
2022-01-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jennifer Price
Formed
2016
Legal Domicile
Ut
Voting Board Members
5
Independent Board Members
5
Employees
207
Volunteers
250

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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IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt015600
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0493099
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0217869
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt09022889
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01565440
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt010588329
IRS990ScheduleD/EquipmentGrp/BookValueAmt0204759
IRS990ScheduleD/EquipmentGrp/DepreciationAmt030632
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0235391
IRS990ScheduleD/ExpensesSubtotalAmt05254068
IRS990ScheduleD/LandGrp/BookValueAmt02421910
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt02421910
IRS990ScheduleD/RevenueSubtotalAmt05729659
IRS990ScheduleD/TotalBookValueLandBuildingsAmt011649558
IRS990ScheduleD/TotalExpensesPerForm990Amt05254068
IRS990ScheduleD/TotalRevenuePerForm990Amt05729659
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05729659
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05254068
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
IRS990/ScheduleJRequiredInd0false
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/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt012873443
IRS990/TotalAssetsEOYAmt013165290
IRS990/TotalAssetsGrp/BOYAmt012873443
IRS990/TotalAssetsGrp/EOYAmt013165290
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt05690763
IRS990/TotalEmployeeCnt0207
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0738466
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt04515602
IRS990/TotalFunctionalExpensesGrp/TotalAmt05254068
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt013077349
IRS990/TotalLiabilitiesEOYAmt012893605
IRS990/TotalLiabilitiesGrp/BOYAmt013077349
IRS990/TotalLiabilitiesGrp/EOYAmt012893605
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-203906
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0271685
IRS990/TotalOtherCompensationAmt08500
IRS990/TotalProgramServiceExpensesAmt04515602
IRS990/TotalProgramServiceRevenueAmt020858
IRS990/TotalReportableCompFromOrgAmt090773
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt038896
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt05729659
IRS990/TotalVolunteersCnt0250
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt012873443
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt013165290
IRS990/TravelGrp/ProgramServicesAmt014226
IRS990/TravelGrp/TotalAmt014226
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0438790
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0278240
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0320 E GAMMON ROAD
IRS990/USAddress/CityNm0VINEYARD
IRS990/USAddress/StateAbbreviationCd0UT
IRS990/USAddress/ZIPCd084058
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.FRANKLINDISCOVERY.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JENNIFER PRICE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CAO
ReturnHeader/BusinessOfficerGrp/PhoneNum08017856500
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-01-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FRANKLIN DISCOVERY ACADEMY -
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0VINEYARD
ReturnHeader/Filer/BusinessNameControlTxt0FRAN
ReturnHeader/Filer/EIN0812710886
ReturnHeader/Filer/PhoneNum08017856500
ReturnHeader/Filer/USAddress/AddressLine1Txt0320 E GAMMON ROAD
ReturnHeader/Filer/USAddress/CityNm0VINEYARD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0UT
ReturnHeader/Filer/USAddress/ZIPCd084058
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/PreparationDt02022-01-31
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0M PAUL WINWARD CPA
ReturnHeader/ReturnTs02022-01-31T11:36:10-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JENNIFER
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0PRICE
ReturnHeader/TaxPeriodBeginDt02020-07-01
ReturnHeader/TaxPeriodEndDt02021-06-30

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$13,165,290
Liabilities
$12,893,605
Net assets
$271,685
Revenue
$5,729,659
Expenses
$5,254,068
Net income
$475,591
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