Liabilities / Assets
92nd percentile
Higher debt load relative to assets than 92% of similar nonprofits.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.70x
Liabilities / Revenue
97th percentile
Higher debt load relative to revenue than 97% of similar nonprofits.
Net Margin
44th percentile
Higher net margin than 44% of similar nonprofits.
Top Officer Pay
78th percentile
Higher top officer pay than 78% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
82nd percentile
Faster asset growth than 82% of similar nonprofits.
Revenue Growth
49th percentile
Faster revenue growth than 49% of similar nonprofits.
Balance Sheet
Assets
Up$449,125
Up $137,455 (+44%) from 2021
Net Assets
Up$136,563
Up $2,325 (+1.7%) from 2021
Liabilities
Up$312,562
Up $135,130 (+76%) from 2021
Revenue And Expenses
Revenue
Up$199,079
Up $15,154 (+8.2%) from 2021
Expenses
Up$196,754
Up $147,067 (+296%) from 2021
Net Income
Down$2,325
Down $131,913 (-98%) from 2021
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2022 to Dec 31, 2022
- Signed
- Nov 16, 2023
- Return Version
- 2022v5.0
- Gross Receipts
- $199,079
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
| Description | Grants | Expenses |
|---|---|---|
| EDUCATION FUNDRAISING EVENT IN CALIFORNIA | $0 | $32,329 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| YIBIN ZHANG | President & Director | - | $0 | - | - |
| LIHUA WANG | Treasurer & Secretary | - | $0 | - | - |
| JILL DUOTO | Director | - | $0 | - | - |
| SPENCER FANG | Director | - | $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
- 2023-11-16
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: 16.”
Form 990-ez, Part I, Line 16 - Other Expenses
“Description: bank service charges. Amount: 80. Description: donation to others. Amount: 29,140. Description: office supplies and education materials. Amount: 33,367. Description: management fee. Amount: 43,193. Description: filing fee. Amount: 75. Total to form 990-ez, line 16: 105,855.”
Form 990-ez, Part II, Line 24 - Other Assets
“Description: tuition receivable . Beg. Of year amount: 0. End of year amount: 148,763.”
Form 990-ez, Part II, Line 26 - Other Liabilities
“Description: loan from others. Beg. Of year amount: 177,432. End of year amount: 177,432. Description: accounts payable . Beg. Of year amount: 0. End of year amount: 135,130.”
Raw XML Appendix163 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/ActivitiesNotPreviouslyRptInd | 0 | 0 |
| IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | FRANKLIN EDUCATION FOUNDATION |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 4087180711 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 1601 S DE ANZA BLVD SUITE 106 |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | CUPERTINO |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | CA |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 95014 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 311670 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 300362 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | 0 |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 50300 |
| IRS990EZ/DirectIndirectPltclExpendAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | 0 |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 2325 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 32329 |
| IRS990EZ/FiledScheduleAInd | 0 | 1 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | 0 |
| IRS990EZ/ForeignOfficeInd | 0 | 0 |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 311670 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 449125 |
| IRS990EZ/GrossReceiptsAmt | 0 | 199079 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartVInd | 0 | X |
| IRS990EZ/LobbyingActivitiesInd | 0 | 0 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | 0 |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 134238 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 136563 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 134238 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 136563 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 58570 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 3.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 3.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | YIBIN ZHANG |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | LIHUA WANG |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | JILL DUOTO |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | SPENCER FANG |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | PRESIDENT & DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | TREASURER & SECRETARY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | DIRECTOR |
| IRS990EZ/OperateHospitalInd | 0 | 0 |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | 0 |
| IRS990EZ/OrganizationHadUBIInd | 0 | 0 |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 0 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 148763 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 105855 |
| IRS990EZ/OtherRevenueTotalAmt | 0 | 16 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | 0 |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | 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. |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 148763 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | EDUCATION FUNDRAISING EVENT IN CALIFORNIA |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 0 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 32329 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | 0 |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | CA |
| IRS990EZ/SubjectToProxyTaxInd | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 177432 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 312562 |
| IRS990EZ/TanningServicesProvidedInd | 0 | 0 |
| IRS990EZ/TaxImposedOnOrganizationMgrAmt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4911Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4912Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4955Amt | 0 | 0 |
| IRS990EZ/TaxReimbursedByOrganizationAmt | 0 | 0 |
| IRS990EZ/TotalExpensesAmt | 0 | 196754 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 32329 |
| IRS990EZ/TotalRevenueAmt | 0 | 199079 |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | 0 |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
| IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt | 0 | 50300 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt | 0 | 93920 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt | 0 | 144220 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt | 0 | 16 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt | 0 | 5 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt | 0 | 21 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt | 0 | 148763 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt | 0 | 90000 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt | 0 | 238763 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt | 0 | 16 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt | 0 | 5 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt | 0 | 21 |
| IRS990ScheduleA/InvestmentIncomeCYPct | 0 | 0.00010 |
| IRS990ScheduleA/PubliclySupportedOrg509a2Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY509Pct | 0 | 0.99990 |
| IRS990ScheduleA/PublicSupportPY509Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 382983 |
| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind | 0 | X |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt | 0 | 199063 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt | 0 | 183920 |
| IRS990ScheduleA/Total509Grp/TotalAmt | 0 | 382983 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt | 0 | 199079 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt | 0 | 183925 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt | 0 | 383004 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | DESCRIPTION: INTEREST. AMOUNT: 16. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | DESCRIPTION: BANK SERVICE CHARGES. AMOUNT: 80. DESCRIPTION: DONATION TO OTHERS. AMOUNT: 29,140. DESCRIPTION: OFFICE SUPPLIES AND EDUCATION MATERIALS. AMOUNT: 33,367. DESCRIPTION: MANAGEMENT FEE. AMOUNT: 43,193. DESCRIPTION: FILING FEE. AMOUNT: 75. TOTAL TO FORM 990-EZ, LINE 16: 105,855. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | DESCRIPTION: TUITION RECEIVABLE . BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 148,763. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | DESCRIPTION: LOAN FROM OTHERS. BEG. OF YEAR AMOUNT: 177,432. END OF YEAR AMOUNT: 177,432. DESCRIPTION: ACCOUNTS PAYABLE . BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 135,130. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 8 - OTHER REVENUE |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES |
| TransferPrsnlBnftContractsDecl/DeclarationDesc | 0 | THE 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/AuthenticationAssuranceLevelCd | 0 | AAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd | 0 | IAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd | 0 | 2 |
| ReturnHeader/BuildTS | 0 | 2023-04-26 12:10:37Z |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | YIBIN ZHANG |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 9498725845 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2023-11-16 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | FRANKLIN EDUCATION FOUNDATION |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | FRAN |
| ReturnHeader/Filer/EIN | 0 | 852357662 |
| ReturnHeader/Filer/PhoneNum | 0 | 9498725845 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 610 ROOSEVELT |
| ReturnHeader/Filer/USAddress/CityNm | 0 | IRVINE |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | CA |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 92620 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | 0 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 208462307 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | HU AND COMPANY ACCOUNTANCY CORPORATION |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 3615 WALNUT AVE |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | CHINO |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | CA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 91710 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 9096282488 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | WILLIAM HU |
| ReturnHeader/ReturnTs | 0 | 2023-11-16T17:12:53-06:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | YIBIN |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | ZHANG |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2022-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2022-12-31 |
| ReturnHeader/TaxYr | 0 | 2022 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2022 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $449,125
- Liabilities
- $312,562
- Net assets
- $136,563
- Revenue
- $199,079
- Expenses
- $196,754
- Net income
- $2,325