Civic Intelligence

Franklin Discovery Academy - Vineyard

990 • Fiscal year 2023 • EIN 81-2710886

Jul 01, 2022 to Jun 30, 2023 • Filed on Jan 12, 2024

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.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

88th percentile

1.96x

Higher debt load relative to revenue than 88% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

40th percentile

0.6%

Higher net margin than 40% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

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.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Asset Growth

43rd percentile

3.7%

Faster asset growth than 43% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

67th percentile

15%

Faster revenue growth than 67% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets92nd percentile

Assets

Up

$13,855,722

Up $498,597 (+3.7%) from 2022

Net Assets

Up

$569,580

Up $38,173 (+7.2%) from 2022

Liabilities

Up

$13,286,142

Up $460,424 (+3.6%) from 2022

Revenue And Expenses
Liabilities / Revenue88th percentileNet Margin40th percentile

Revenue

Up

$6,764,898

Up $900,781 (+15%) from 2022

Expenses

Up

$6,726,725

Up $1,122,330 (+20%) from 2022

Net Income

Down

$38,173

Down $221,549 (-85%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth43rd 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

2023

Assets$13,855,722
Liabilities$13,286,142
Net Assets$569,580
Open 2023 Filing

Operations Trend

Revenue Growth67th 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

2023

Revenue$6,764,898
Expenses$6,726,725
Net Income$38,173
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Jan 12, 2024
Return Version
2022v5.0
Gross Receipts
$6,764,898
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$11,254,757$10,775,691▼ $479,066
Savings and Temporary Cash Investments$1,091,962$1,753,414▲ $661,452
Cash and Non-Interest-Bearing Accounts$806,534$1,108,023▲ $301,489
Pledges and Grants Receivable$203,394$210,706▲ $7,312
Prepaid Expenses and Deferred Charges-$4,010-
Accounts Receivable$478$3,878▲ $3,400
Total Assets$13,357,125$13,855,722▲ $498,597
Liabilities
Mortgage Notes Payable Secured by Investment Property$12,367,612$12,338,898▼ $28,714
Deferred Revenue$1,203$584,854▲ $583,651
Accounts Payable and Accrued Expenses$240,115$214,453▼ $25,662
Unsecured Notes Loans Payable$216,788$147,937▼ $68,851
Total Liabilities$12,825,718$13,286,142▲ $460,424
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$531,407$569,580▲ $38,173
Total Net Assets Fund Balance$531,407$569,580▲ $38,173
Total Liabilities and Net Assets / Fund Balance$13,357,125$13,855,722▲ $498,597

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$7,638,686$2,381,430$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
$6,548,520
Program Service Revenue
$127,156
Investment Income
$42,375
Other Revenue
$46,847
All Other Contributions
$2,164
Change in Net Assets
$38,173

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,764,898
Total Revenue per Audited Statements
$6,764,898
Total Revenue per Form 990
$6,764,898
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,767,583
Other Expenses$2,959,142
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,617,917$590,866-$3,208,783
Interest$615,141$111,297-$726,438
Fees for Services Other$622,846$46,979-$669,825
Depreciation Depletion$452,911$26,155-$479,066
Other Employee Benefits$171,488$103,120-$274,608
Payroll Taxes$241,684--$241,684
Information Technology$186,787$34,269-$221,056
Occupancy$69,115$20,153-$89,268
Other Expenses$50,935$78,810-$50,935
Insurance$45,358--$45,358
Pension Plan Contributions$42,508--$42,508
Fees for Services Accounting-$18,950-$18,950
Travel$18,384--$18,384
Office Expenses$14,347--$14,347
All Other Expenses$13,216--$13,216
Advertising$962--$962
Total Functional Expenses$5,696,126$1,030,599$0$6,726,725

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$6,726,725
Total Expenses per Audited Statements$6,726,725
Total Expenses per Form 990$6,726,725
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
2024-01-12
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
244
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/LandGrp/OtherCostOrOtherBasisAmt02421910
IRS990ScheduleD/RevenueSubtotalAmt06764898
IRS990ScheduleD/TotalBookValueLandBuildingsAmt010060596
IRS990ScheduleD/TotalExpensesPerForm990Amt06726725
IRS990ScheduleD/TotalRevenuePerForm990Amt06764898
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt06764898
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt06726725
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/TotalAssetsBOYAmt013357125
IRS990/TotalAssetsEOYAmt013855722
IRS990/TotalAssetsGrp/BOYAmt013357125
IRS990/TotalAssetsGrp/EOYAmt013855722
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt06548520
IRS990/TotalEmployeeCnt0244
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01030599
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt05696126
IRS990/TotalFunctionalExpensesGrp/TotalAmt06726725
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt012825718
IRS990/TotalLiabilitiesEOYAmt013286142
IRS990/TotalLiabilitiesGrp/BOYAmt012825718
IRS990/TotalLiabilitiesGrp/EOYAmt013286142
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0531407
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0569580
IRS990/TotalProgramServiceExpensesAmt05696126
IRS990/TotalProgramServiceRevenueAmt0127156
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0216378
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt06764898
IRS990/TotalVolunteersCnt0230
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt013357125
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt013855722
IRS990/TravelGrp/ProgramServicesAmt018384
IRS990/TravelGrp/TotalAmt018384
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0216788
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0147937
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/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JENNIFER PRICE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CAO
ReturnHeader/BusinessOfficerGrp/PhoneNum08017856500
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-01-12
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/IRSResponsiblePrtyInfoCurrInd0false
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/PreparationDt02024-01-18
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0M PAUL WINWARD CPA
ReturnHeader/ReturnTs02024-01-18T14:03:10-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JENNIFER
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0PRICE
ReturnHeader/TaxPeriodBeginDt02022-07-01
ReturnHeader/TaxPeriodEndDt02023-06-30
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
$13,855,722
Liabilities
$13,286,142
Net assets
$569,580
Revenue
$6,764,898
Expenses
$6,726,725
Net income
$38,173
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