Civic Intelligence

Franklin Discovery Academy - Vineyard

990 • Fiscal year 2022 • EIN 81-2710886

Jul 01, 2021 to Jun 30, 2022 • Filed on Feb 24, 2023

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

92nd percentile

0.96x

Higher debt load relative to assets than 92% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Liabilities / Revenue

89th percentile

2.19x

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

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Net Margin

45th percentile

4.4%

Higher net margin than 45% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Top Officer Pay

14th percentile

$0

Higher top officer pay than 14% of similar nonprofits.

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

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Asset Growth

53rd percentile

1.5%

Faster asset growth than 53% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Revenue Growth

47th percentile

2.3%

Faster revenue growth than 47% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets92nd percentile

Assets

Up

$13,357,125

Up $191,835 (+1.5%) from 2021

Net Assets

Up

$531,407

Up $259,722 (+96%) from 2021

Liabilities

Down

$12,825,718

Down $67,887 (-0.5%) from 2021

Revenue And Expenses
Liabilities / Revenue89th percentileNet Margin45th percentile

Revenue

Up

$5,864,117

Up $134,458 (+2.3%) from 2021

Expenses

Up

$5,604,395

Up $350,327 (+6.7%) from 2021

Net Income

Down

$259,722

Down $215,869 (-45%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth53rd 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

2022

Assets$13,357,125
Liabilities$12,825,718
Net Assets$531,407
Open 2022 Filing

Operations Trend

Revenue Growth47th 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

2022

Revenue$5,864,117
Expenses$5,604,395
Net Income$259,722
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Feb 24, 2023
Return Version
2021v4.0
Gross Receipts
$5,864,117
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$11,649,558$11,254,757▼ $394,801
Savings and Temporary Cash Investments$217,869$1,091,962▲ $874,093
Cash and Non-Interest-Bearing Accounts$975,943$806,534▼ $169,409
Pledges and Grants Receivable$321,453$203,394▼ $118,059
Accounts Receivable$467$478▲ $11
Total Assets$13,165,290$13,357,125▲ $191,835
Liabilities
Mortgage Notes Payable Secured by Investment Property$12,391,646$12,367,612▼ $24,034
Accounts Payable and Accrued Expenses$223,719$240,115▲ $16,396
Unsecured Notes Loans Payable$278,240$216,788▼ $61,452
Deferred Revenue-$1,203-
Total Liabilities$12,893,605$12,825,718▼ $67,887
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$271,685$531,407▲ $259,722
Total Net Assets Fund Balance$271,685$531,407▲ $259,722
Total Liabilities and Net Assets / Fund Balance$13,165,290$13,357,125▲ $191,835

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$8,053,420$1,966,696$10,020,116
Land$2,421,910-$2,421,910
Compensation and Service Providers
Top Officer Pay14th percentile

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
$5,821,686
Program Service Revenue
$4,775
Investment Income
$1,236
Other Revenue
$36,420
All Other Contributions
$853
Change in Net Assets
$259,722

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,864,117
Total Revenue per Audited Statements
$5,864,117
Total Revenue per Form 990
$5,864,117
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,158,450
Other Expenses$2,445,945
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,308,950$446,314-$2,755,264
Interest$626,037$103,818-$729,855
Depreciation Depletion$446,804$25,913-$472,717
Fees for Services Other$390,483$39,768-$430,251
Payroll Taxes$210,223--$210,223
Other Employee Benefits$83,850$85,225-$169,075
Occupancy$89,913$20,391-$110,304
Information Technology$56,058$16,152-$72,210
Other Expenses$41,155$41,259-$41,155
Travel$34,077--$34,077
Pension Plan Contributions$23,888--$23,888
Fees for Services Accounting-$17,950-$17,950
Insurance$16,319--$16,319
Office Expenses$7,532--$7,532
All Other Expenses$2,000$405-$2,405
Conferences and Meetings$562--$562
Advertising$396--$396
Total Functional Expenses$4,807,200$797,195$0$5,604,395

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,604,395
Total Expenses per Audited Statements$5,604,395
Total Expenses per Form 990$5,604,395
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
2023-02-24
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
211
Volunteers
230

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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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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IRS990ScheduleD/TotalRevenuePerForm990Amt05864117
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05864117
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05604395
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/TotalAssetsBOYAmt013165290
IRS990/TotalAssetsEOYAmt013357125
IRS990/TotalAssetsGrp/BOYAmt013165290
IRS990/TotalAssetsGrp/EOYAmt013357125
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt05821686
IRS990/TotalEmployeeCnt0211
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0797195
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt04807200
IRS990/TotalFunctionalExpensesGrp/TotalAmt05604395
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt012893605
IRS990/TotalLiabilitiesEOYAmt012825718
IRS990/TotalLiabilitiesGrp/BOYAmt012893605
IRS990/TotalLiabilitiesGrp/EOYAmt012825718
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0271685
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0531407
IRS990/TotalProgramServiceExpensesAmt04807200
IRS990/TotalProgramServiceRevenueAmt04775
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt042431
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt05864117
IRS990/TotalVolunteersCnt0230
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt013165290
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt013357125
IRS990/TravelGrp/ProgramServicesAmt034077
IRS990/TravelGrp/TotalAmt034077
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0278240
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0216788
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/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02023-03-07 01:45:13Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JENNIFER PRICE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CAO
ReturnHeader/BusinessOfficerGrp/PhoneNum08017856500
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-02-24
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/PreparationDt02023-02-22
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0M PAUL WINWARD CPA
ReturnHeader/ReturnTs02023-02-22T19:02:44-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JENNIFER
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0PRICE
ReturnHeader/TaxPeriodBeginDt02021-07-01
ReturnHeader/TaxPeriodEndDt02022-06-30
ReturnHeader/TaxYr02021

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$13,357,125
Liabilities
$12,825,718
Net assets
$531,407
Revenue
$5,864,117
Expenses
$5,604,395
Net income
$259,722
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