Civic Intelligence

Franklin Education Foundation

990EZ • Fiscal year 2021 • EIN 85-2357662

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 15, 2022

Organization ProfileN/A
610 RooseveltIrvine, CA 92620

(949) 872-5845

Siviq Scores

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

Liabilities / Assets

90th percentile

0.57x

Higher debt load relative to assets than 90% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

94th percentile

0.96x

Higher debt load relative to revenue than 94% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

94th percentile

73%

Higher net margin than 94% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Balance Sheet
Liabilities / Assets90th percentile

Assets

$311,670

No earlier filing loaded for comparison.

Net Assets

$134,238

No earlier filing loaded for comparison.

Liabilities

$177,432

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue94th percentileNet Margin94th percentile

Revenue

$183,925

No earlier filing loaded for comparison.

Expenses

$49,687

No earlier filing loaded for comparison.

Net Income

$134,238

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$600K$400K$200K$0-$200KAssets 2021: $311,670Liabilities 2021: $177,432Net Assets 2021: $134,2382021Assets 2022: $449,125Liabilities 2022: $312,562Net Assets 2022: $136,5632022Assets 2023: $525,397Liabilities 2023: $224,025Net Assets 2023: $301,3722023Assets 2024: $80,248Liabilities 2024: $203,800Net Assets 2024: -$123,5522024

Highlighted filing

2021

Assets$311,670
Liabilities$177,432
Net Assets$134,238
Open 2021 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$1.0M$500K$0-$500KRevenue 2021: $183,925Expenses 2021: $49,687Net Income 2021: $134,2382021Revenue 2022: $199,079Expenses 2022: $196,754Net Income 2022: $2,3252022Revenue 2023: $384,593Expenses 2023: $219,784Net Income 2023: $164,8092023Revenue 2024: $488,511Expenses 2024: $913,435Net Income 2024: -$424,9242024

Highlighted filing

2021

Revenue$183,925
Expenses$49,687
Net Income$134,238
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 15, 2022
Return Version
2021v4.2
Gross Receipts
$183,925
Mission and Program Overview

Mission

Franklin education foundation is an in-center and online education service provider to develop, support, and enhance academic opportunities for 7g-12g aged students, as well as develop and maintain full-time educational and extracurricular programs for these students in preparing exceptionally well for admission to colleges.

Program Services

DescriptionGrantsExpenses
EDUCATION FUNDRAISING EVENT IN CALIFORNIA$0$49,687
Compensation and Service Providers
Top Officer Pay77th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
YIBIN ZHANGPresident & Director-$0--
LIHUA WANGTreasurer & Secretary-$0--
JILL DUOTODirector-$0--
SPENCER FANGDirector-$0--
Filing and Contact Details

Filer

Filer Name
Franklin Education Foundation
EIN
85-2357662
Phone
9498725845
Address
610 ROOSEVELT, IRVINE, CA 92620

Signing Officer

Name
Yibin Zhang
Title
President
Phone
9498725845
Signed
2022-11-15

Preparer

Firm
Hu and Company Accountancy Corporation
Address
3615 WALNUT AVE, CHINO, CA 91710
Preparer
William Hu
Phone
9096282488
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 8 - Other Revenue

“Description: interest . Amount: 5.”

Form 990-ez, Part I, Line 16 - Other Expenses

“Description: bank service charges . Amount: 72. Description: donation to others. Amount: 10,000. Total to form 990-ez, line 16: 10,072.”

Form 990-ez, Part II, Line 26 - Other Liabilities

“Description: loan from others. Beg. Of year amount: 0. End of year amount: 177,432.”

Raw XML Appendix151 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.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd00
IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0FRANKLIN EDUCATION FOUNDATION
IRS990EZ/BooksInCareOfDetail/PhoneNum04087180711
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt01601 S DE ANZA BLVD SUITE 106
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0CUPERTINO
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd095014
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt00
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0311670
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd00
IRS990EZ/ContributionsGiftsGrantsEtcAmt093920
IRS990EZ/DirectIndirectPltclExpendAmt00
IRS990EZ/DonorAdvisedFndsInd00
IRS990EZ/EngagedInExcessBenefitTransInd00
IRS990EZ/ExcessOrDeficitForYearAmt0134238
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt039615
IRS990EZ/FiledScheduleAInd01
IRS990EZ/ForeignFinancialAccountInd00
IRS990EZ/ForeignOfficeInd00
IRS990EZ/Form990TotalAssetsGrp/BOYAmt00
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0311670
IRS990EZ/GrossReceiptsAmt0183925
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InfoInScheduleOPartVInd0X
IRS990EZ/LobbyingActivitiesInd00
IRS990EZ/MadeLoansToFromOfficersInd00
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt00
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0134238
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt00
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0134238
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt03.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt13.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt22.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt32.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0YIBIN ZHANG
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1LIHUA WANG
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2JILL DUOTO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3SPENCER FANG
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT & DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1TREASURER & SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3DIRECTOR
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt010072
IRS990EZ/OtherRevenueTotalAmt05
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0FRANKLIN EDUCATION FOUNDATION IS AN IN-CENTER AND ONLINE EDUCATION SERVICE PROVIDER TO DEVELOP, SUPPORT, AND ENHANCE ACADEMIC OPPORTUNITIES FOR 7G-12G AGED STUDENTS, AS WELL AS DEVELOP AND MAINTAIN FULL-TIME EDUCATIONAL AND EXTRACURRICULAR PROGRAMS FOR THESE STUDENTS IN PREPARING EXCEPTIONALLY WELL FOR ADMISSION TO COLLEGES.
IRS990EZ/ProgramServiceRevenueAmt090000
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0EDUCATION FUNDRAISING EVENT IN CALIFORNIA
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt049687
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0CA
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt0177432
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt049687
IRS990EZ/TotalProgramServiceExpensesAmt049687
IRS990EZ/TotalRevenueAmt0183925
IRS990EZ/TransactionWithControlEntInd00
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt093920
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt093920
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt05
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt05
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt090000
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt090000
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt05
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt05
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt0183920
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0183920
IRS990ScheduleA/Total509Grp/TotalAmt0183920
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0183925
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0183925
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: INTEREST . AMOUNT: 5.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: BANK SERVICE CHARGES . AMOUNT: 72. DESCRIPTION: DONATION TO OTHERS. AMOUNT: 10,000. TOTAL TO FORM 990-EZ, LINE 16: 10,072.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: LOAN FROM OTHERS. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 177,432.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 8 - OTHER REVENUE
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0YIBIN ZHANG
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09498725845
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FRANKLIN EDUCATION FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0FRAN
ReturnHeader/Filer/EIN0852357662
ReturnHeader/Filer/PhoneNum09498725845
ReturnHeader/Filer/USAddress/AddressLine1Txt0610 ROOSEVELT
ReturnHeader/Filer/USAddress/CityNm0IRVINE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd092620
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0208462307
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HU AND COMPANY ACCOUNTANCY CORPORATION
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03615 WALNUT AVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CHINO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd091710
ReturnHeader/PreparerPersonGrp/PhoneNum09096282488
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0WILLIAM HU
ReturnHeader/ReturnTs02022-11-15T20:11:33-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0YIBIN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0ZHANG
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$311,670
Liabilities
$177,432
Net assets
$134,238
Revenue
$183,925
Expenses
$49,687
Net income
$134,238
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.80$2.04$1.24$4.89$9.13$4.25
2023Detailed filing. Detailed filing data is available for this year.$5.25$2.24$3.01$3.85$2.20$1.65
2022Detailed filing. Detailed filing data is available for this year.$4.49$3.13$1.37$1.99$1.97$0.02
2021Detailed filing. Detailed filing data is available for this year.$3.12$1.77$1.34$1.84$0.50$1.34