Civic Intelligence

Franklin Phonetic Primary School Inc.

990 • Fiscal year 2016 • EIN 86-0826006

Jul 01, 2015 to Jun 30, 2016 • Filed on May 15, 2017

Organization ProfileWWW.FRANKLINPHONETICSCHOOL.COM
6116 E Highway 69Prescott, AZ 86314

(928) 775-6747

Siviq Scores

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

Liabilities / Assets

85th percentile

0.76x

Higher debt load relative to assets than 85% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

81st percentile

1.01x

Higher debt load relative to revenue than 81% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Net Margin

50th percentile

2.3%

Higher net margin than 50% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

23rd percentile

$45,449

Higher top officer pay than 23% of similar nonprofits.

Top officer pay equals 1.1% of source-year revenue.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Asset Growth

66th percentile

6.4%

Faster asset growth than 66% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

64th percentile

8.1%

Faster revenue growth than 64% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets85th percentile

Assets

Up

$5,423,282

Up $326,266 (+6.4%) from 2015

Net Assets

Up

$1,317,008

Up $411,101 (+45%) from 2015

Liabilities

Down

$4,106,274

Down $84,835 (-2.0%) from 2015

Revenue And Expenses
Liabilities / Revenue81st percentileNet Margin50th percentile

Revenue

Up

$4,069,695

Up $303,975 (+8.1%) from 2015

Expenses

Up

$3,977,705

Up $175,974 (+4.6%) from 2015

Net Income

Up

$91,990

Up $128,001 (+355%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth66th percentile

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

$10M$5.0M$0Assets 2011: $4,549,860Liabilities 2011: $3,813,840Net Assets 2011: $736,0202011Assets 2012: $4,451,011Liabilities 2012: $3,823,621Net Assets 2012: $627,3902012Assets 2013: $4,974,463Liabilities 2013: $4,313,188Net Assets 2013: $661,2752013Assets 2014: $5,215,548Liabilities 2014: $4,273,630Net Assets 2014: $941,9182014Assets 2015: $5,097,016Liabilities 2015: $4,191,109Net Assets 2015: $905,9072015Assets 2016: $5,423,282Liabilities 2016: $4,106,274Net Assets 2016: $1,317,0082016Assets 2017: $5,149,149Liabilities 2017: $3,845,700Net Assets 2017: $1,303,4492017Assets 2018: $7,562,876Liabilities 2018: $6,250,554Net Assets 2018: $1,312,3222018Assets 2019: $7,284,400Liabilities 2019: $6,820,115Net Assets 2019: $464,2852019Assets 2020: $7,461,732Liabilities 2020: $7,086,030Net Assets 2020: $375,7022020Assets 2021: $7,385,331Liabilities 2021: $6,410,211Net Assets 2021: $975,1202021Assets 2022: $8,279,400Liabilities 2022: $6,372,074Net Assets 2022: $1,907,3262022Assets 2023: $8,131,386Liabilities 2023: $6,492,650Net Assets 2023: $1,638,7362023Assets 2024: $7,572,137Liabilities 2024: $6,483,211Net Assets 2024: $1,088,9262024Assets 2025: $7,196,563Liabilities 2025: $6,255,579Net Assets 2025: $940,9842025

Highlighted filing

2016

Assets$5,423,282
Liabilities$4,106,274
Net Assets$1,317,008
Open 2016 Filing

Operations Trend

Revenue Growth64th percentile

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $3,051,114Expenses 2011: $3,134,549Net Income 2011: -$83,4352011Revenue 2012: $3,061,911Expenses 2012: $3,170,540Net Income 2012: -$108,6292012Expenses 2013: $3,257,3262013Revenue 2014: $3,307,422Expenses 2014: $3,026,779Net Income 2014: $280,6432014Revenue 2015: $3,765,720Expenses 2015: $3,801,731Net Income 2015: -$36,0112015Revenue 2016: $4,069,695Expenses 2016: $3,977,705Net Income 2016: $91,9902016Revenue 2017: $4,436,603Expenses 2017: $4,450,162Net Income 2017: -$13,5592017Revenue 2018: $4,755,730Expenses 2018: $4,746,857Net Income 2018: $8,8732018Revenue 2019: $4,936,635Expenses 2019: $5,712,319Net Income 2019: -$775,6842019Revenue 2020: $5,179,091Expenses 2020: $5,267,674Net Income 2020: -$88,5832020Revenue 2021: $6,596,146Expenses 2021: $5,996,728Net Income 2021: $599,4182021Revenue 2022: $7,031,243Expenses 2022: $6,099,037Net Income 2022: $932,2062022Revenue 2023: $6,270,387Expenses 2023: $6,538,977Net Income 2023: -$268,5902023Revenue 2024: $5,963,039Expenses 2024: $6,434,939Net Income 2024: -$471,9002024Revenue 2025: $5,859,633Expenses 2025: $6,007,575Net Income 2025: -$147,9422025

Highlighted filing

2016

Revenue$4,069,695
Expenses$3,977,705
Net Income$91,990
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
May 15, 2017
Return Version
2015v3.0
Gross Receipts
$4,095,794
Mission and Program Overview

Mission

The mission of the School is to teach all children how to read, spell, and express themselves at abilities on or above their chronological grade level.

The mission of franklin phonetic primary school is to teach all children to read, spell and express themselves at abilities on or above their chronological grade level. Students will also be able to perform grade appropriate tasks in the areas of math, science, social studies, computer applications, art, music and spanish.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,229,423$4,136,894▼ $92,529
Cash and Non-Interest-Bearing Accounts$304,745$390,002▲ $85,257
Intangible Assets$210,922$200,918▼ $10,004
Pledges and Grants Receivable-$31,388-
Accounts Receivable$45,954$20,000▼ $25,954
Prepaid Expenses and Deferred Charges-$15,000-
Total Assets$5,097,016$5,423,282▲ $326,266
Other Assets Total$305,972$629,080▲ $323,108
Liabilities
Tax Exempt Bond Liabilities$3,370,000$3,370,000→ $0
Mortgage Notes Payable Secured by Investment Property$675,403$621,625▼ $53,778
Accounts Payable and Accrued Expenses$145,706$114,649▼ $31,057
Total Liabilities$4,191,109$4,106,274▼ $84,835
Net Assets / Fund Balance
Unrestricted Net Assets$777,102$1,117,959▲ $340,857
Temporarily Rstr Net Assets$128,805$199,049▲ $70,244
Total Net Assets Fund Balance$905,907$1,317,008▲ $411,101
Total Liabilities and Net Assets / Fund Balance$5,097,016$5,423,282▲ $326,266

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,375,488$862,695$3,238,183
Land$1,735,269-$1,735,269
Equipment$24,653$492,031$516,684
Other Land Buildings$671$116,569$117,240
Leasehold Improvements$813$33,318$34,131
Other Assets Org$1,174--
Compensation and Service Providers
Top Officer Pay23rd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Alison AlvaDirectorFT$45,449$45,449
Cindy a FranklinPresidentFT$37,417$37,417
Thomas J FranklinVice PresideFT$2,722$2,722

Board Members and Trustees

NameTitle
Melanie AcuriDirector
Neil WrightDirector
Audrey WrightTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$619,144
Program Service Revenue
$3,453,127
Investment Income
$245
Other Revenue
$-2,821
All Other Contributions
$69,327
Change in Net Assets
$91,990

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,069,695
Revenue Not Reported on Form 990
$26,099
Total Revenue per Audited Statements
$4,095,794
Total Revenue per Form 990
$4,069,695
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,519,054
Other Expenses$1,458,651
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,748,064$260,573-$2,008,637
Payroll Taxes$354,608$70,221-$424,829
Office Expenses$202,226$42,807-$245,033
Interest$204,118$35,204-$239,322
Fees for Services Other$198,181$36,576-$234,757
Depreciation Depletion$87,338$17,295-$104,633
Current Officers, Directors, Trustees, and Key Employees-$85,588-$85,588
Occupancy$67,267$13,320-$80,587
Conferences and Meetings-$41,401-$41,401
Travel$25,089--$25,089
Other Expenses$17,829$3,531-$21,360
Advertising$3,810$755-$4,565
All Other Expenses$74$15-$89
Total Functional Expenses$3,324,218$653,487$0$3,977,705

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$4,003,804
Expenses per Audited Statements$3,977,705
Total Expenses per Form 990$3,977,705
Expenses Not Reported on Form 990$26,099
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$20,882
Fundraising Gross Income$18,978
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Activities Fund$18,978$18,978$20,882$-1,904
Total Events$18,978$18,978$20,882$-1,904
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Franklin Educational DistributionsSame OwnersContractsNo$6,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
No
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 2

“Cindy franklin thomas franklin president vice pres family relationship cindy & thomas franklin alison alva pres/vice director family relationship cindy & thomas franklin audrey wright pres/vice treasurer family relationship cindy & thomas franklin melanie franklin pres/vice director family relationship”

Form 990, Page 6, Part VI, Line 11B

“The board members each review the 990 and approve the filing.”

Form 990, Page 6, Part VI, Line 15A

“Compensation subject to review and approval by ceo, executive director, or top management official.”

Form 990, Page 6, Part VI, Line 15B

“Compensation subject to review and approval by other officers or key employees.”

Form 990, Page 6, Part VI, Line 19

“Documents are available during normal business hours upon request.”

Filing and Contact Details

Filer

Filer Name
Franklin Phonetic
EIN
86-0826006
Phone
9287756747
Address
6116 E HIGHWAY 69, PRESCOTT, AZ 86314

Signing Officer

Name
Cindy a Franklin
Title
President
Phone
9287756747
Signed
2017-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Cindy a Franklin
Formed
1995
Legal Domicile
Az
Voting Board Members
6
Independent Board Members
5
Employees
105
Volunteers
20

Preparer

Firm
Johnson Goff & Company Pllc
Address
8777 E VIA DE VENTURA STE 245, SCOTTSDALE, AZ 85258-3345
Preparer
Maria Krey CPA
Phone
4809480060
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The mission of franklin phonetic primary school is to teach all children to read, spell and express themselves at abilities on or above their chronological grade level. Students will also be able to perform grade appropriate tasks in the areas of math, science, social studies, computer applications, art, music and spanish.”

Form 990, Part XI, Line 9

“Direct fundraising expenses on sch g 20,882 rental expenses 5,217 direct fundraising expenses on sch g -20,882 rental expenses -5,217 management discovered financial statement errors that caused bond assets to be understated and payroll accruals and bond note payables to be overstated in the prior year for a net adjustment of 319,111.”

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 2D

“Direct fundraising expenses on sch g 20,882 rental expenses 5,217”

Schedule D, Page 4, Part XII, Line 2D

“Direct fundraising expenses on sch g 20,882 rental expenses 5,217”

Raw XML AppendixShowing 400 of 429 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.

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IRS990/OtherExpensesGrp/TotalAmt0182305
IRS990/OtherExpensesGrp/TotalAmt1162713
IRS990/OtherExpensesGrp/TotalAmt2116797
IRS990/OtherExpensesGrp/TotalAmt321360
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0260573
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01748064
IRS990/OtherSalariesAndWagesGrp/TotalAmt02008637
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt070221
IRS990/PayrollTaxesGrp/ProgramServicesAmt0354608
IRS990/PayrollTaxesGrp/TotalAmt0424829
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt031388
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt015000
IRS990/PrincipalOfficerNm0CINDY A FRANKLIN
IRS990/PriorPeriodAdjustmentsAmt0319111
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/BusinessCd1611600
IRS990/ProgramServiceRevenueGrp/Desc0STATE EQUALIZATION FUNDS
IRS990/ProgramServiceRevenueGrp/Desc1CLASSROOM SITE FUND
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt03253678
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1199449
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03253678
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1199449
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0603066
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt093
IRS990/PYOtherExpensesAmt01399933
IRS990/PYOtherRevenueAmt05350
IRS990/PYProgramServiceRevenueAmt03157211
IRS990/PYRevenuesLessExpensesAmt0-36011
IRS990/PYSalariesCompEmpBnftPaidAmt02401798
IRS990/PYTotalExpensesAmt03801731
IRS990/PYTotalRevenueAmt03765720
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt091990
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt0-917
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt03453127
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt02375488
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0862695
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03238183
IRS990ScheduleD/EquipmentGrp/BookValueAmt024653
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0492031
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0516684
IRS990ScheduleD/ExpensesNotReportedAmt026099
IRS990ScheduleD/ExpensesSubtotalAmt03977705
IRS990ScheduleD/LandGrp/BookValueAmt01735269
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01735269
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0813
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt033318
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt034131
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0627906
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt11174
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0BOND RESERVE FUNDS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DEPOSITS
IRS990ScheduleD/OtherExpensesIncludedAmt026099
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0671
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0116569
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0117240
IRS990ScheduleD/OtherRevenueAmt026099
IRS990ScheduleD/RevenueNotReportedAmt026099
IRS990ScheduleD/RevenueSubtotalAmt04069695
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0DIRECT FUNDRAISING EXPENSES ON SCH G 20,882 RENTAL EXPENSES 5,217
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1DIRECT FUNDRAISING EXPENSES ON SCH G 20,882 RENTAL EXPENSES 5,217
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XII, LINE 2D
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04136894
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0629080
IRS990ScheduleD/TotalExpensesPerForm990Amt03977705
IRS990ScheduleD/TotalRevenuePerForm990Amt04069695
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04095794
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04003804
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/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0POLICY IS PUBLISHED IN HANDBOOKS AND ON WEBSITE.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION RECEIVES ARIZONA STATE EQUALIZATION FUNDS AND FEDERAL PASS-THROUGH AWARDS FROM THE STATE.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 6
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt020882
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0ACTIVITIES FUND
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt018978
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt018978
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt018978
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt018978
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-1904
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt020882
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt020882
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0FRANKLIN EDUCATIONAL DISTRIBUTIONS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0SAME OWNERS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt06000
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0CONTRACTS
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL ENTERED INTO A CONTRACT WITH FRANKLIN EDUCATIONAL DISTRIBUTIONS ON JULY 1, 2012, A COMPANY WHICH IS OWNED BY THE VICE PRESIDENT OF THE GOVERNING BOARD OF THE SCHOOL. FRANKLIN EDUCATIONAL DISTRIBUTIONS PROVIDES THE SCHOOL WITH LANGUAGE ARTS CURRICULUMS FOR AN ANNUAL FEE OF 6,000. AMOUNTS BILLED AND PAID FOR THE YEAR ENDED JUNE 30, 2016 TOTALED 6,000. THE CONTRACT RENEWS AUTOMATICALLY FOR PERIODS OF ONE YEAR UNLESS CANCELLED BY EITHER PARTY.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE L, PART V
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE MISSION OF FRANKLIN PHONETIC PRIMARY SCHOOL IS TO TEACH ALL CHILDREN TO READ, SPELL AND EXPRESS THEMSELVES AT ABILITIES ON OR ABOVE THEIR CHRONOLOGICAL GRADE LEVEL. STUDENTS WILL ALSO BE ABLE TO PERFORM GRADE APPROPRIATE TASKS IN THE AREAS OF MATH, SCIENCE, SOCIAL STUDIES, COMPUTER APPLICATIONS, ART, MUSIC AND SPANISH.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CINDY FRANKLIN THOMAS FRANKLIN PRESIDENT VICE PRES FAMILY RELATIONSHIP CINDY & THOMAS FRANKLIN ALISON ALVA PRES/VICE DIRECTOR FAMILY RELATIONSHIP CINDY & THOMAS FRANKLIN AUDREY WRIGHT PRES/VICE TREASURER FAMILY RELATIONSHIP CINDY & THOMAS FRANKLIN MELANIE FRANKLIN PRES/VICE DIRECTOR FAMILY RELATIONSHIP
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD MEMBERS EACH REVIEW THE 990 AND APPROVE THE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPENSATION SUBJECT TO REVIEW AND APPROVAL BY CEO, EXECUTIVE DIRECTOR, OR TOP MANAGEMENT OFFICIAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COMPENSATION SUBJECT TO REVIEW AND APPROVAL BY OTHER OFFICERS OR KEY EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DOCUMENTS ARE AVAILABLE DURING NORMAL BUSINESS HOURS UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6DIRECT FUNDRAISING EXPENSES ON SCH G 20,882 RENTAL EXPENSES 5,217 DIRECT FUNDRAISING EXPENSES ON SCH G -20,882 RENTAL EXPENSES -5,217 MANAGEMENT DISCOVERED FINANCIAL STATEMENT ERRORS THAT CAUSED BOND ASSETS TO BE UNDERSTATED AND PAYROLL ACCRUALS AND BOND NOTE PAYABLES TO BE OVERSTATED IN THE PRIOR YEAR FOR A NET ADJUSTMENT OF 319,111.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt03370000
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt03370000
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0128805
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0199049
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt05097016
IRS990/TotalAssetsEOYAmt05423282
IRS990/TotalAssetsGrp/BOYAmt05097016
IRS990/TotalAssetsGrp/EOYAmt05423282
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0619144
IRS990/TotalEmployeeCnt0105
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0653487
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03324218
IRS990/TotalFunctionalExpensesGrp/TotalAmt03977705
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt04191109
IRS990/TotalLiabilitiesEOYAmt04106274
IRS990/TotalLiabilitiesGrp/BOYAmt04191109
IRS990/TotalLiabilitiesGrp/EOYAmt04106274
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0905907
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01317008
IRS990/TotalProgramServiceExpensesAmt03324218
IRS990/TotalProgramServiceRevenueAmt03453127
IRS990/TotalReportableCompFromOrgAmt085588
IRS990/TotalRevenueGrp/ExclusionAmt0-672
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03453127
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt04069695
IRS990/TotalVolunteersCnt020
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt05097016
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt05423282
IRS990/TravelGrp/ProgramServicesAmt025089
IRS990/TravelGrp/TotalAmt025089
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0777102
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01117959
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0880 BRYCE CANYON
IRS990/USAddress/CityNm0PRESCOTT
IRS990/USAddress/StateAbbreviationCd0AZ
IRS990/USAddress/ZIPCd086303
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.FRANKLINPHONETICSCHOOL.COM
IRS990/WhistleblowerPolicyInd0false

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,423,282
Liabilities
$4,106,274
Net assets
$1,317,008
Revenue
$4,069,695
Expenses
$3,977,705
Net income
$91,990
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$7.20$6.26$0.94$5.86$6.01$0.15
2024Detailed filing. Detailed filing data is available for this year.$7.57$6.48$1.09$5.96$6.43$0.47
2023Detailed filing. Detailed filing data is available for this year.$8.13$6.49$1.64$6.27$6.54$0.27
2022Detailed filing. Detailed filing data is available for this year.$8.28$6.37$1.91$7.03$6.10$0.93
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.39$6.41$0.98$6.60$6.00$0.60
2020Detailed filing. Detailed filing data is available for this year.$7.46$7.09$0.38$5.18$5.27$0.09
2019Detailed filing. Detailed filing data is available for this year.$7.28$6.82$0.46$4.94$5.71$0.78
2018Detailed filing. Detailed filing data is available for this year.$7.56$6.25$1.31$4.76$4.75$0.01
2017Detailed filing. Detailed filing data is available for this year.$5.15$3.85$1.30$4.44$4.45$0.01
2016Detailed filing. Detailed filing data is available for this year.$5.42$4.11$1.32$4.07$3.98$0.09
2015Detailed filing. Detailed filing data is available for this year.$5.10$4.19$0.91$3.77$3.80$0.04
2014Detailed filing. Detailed filing data is available for this year.$5.22$4.27$0.94$3.31$3.03$0.28
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.97$4.31$0.66$3.26
2012Summary only. Only limited summary data is available for this year.$4.45$3.82$0.63$3.06$3.17$0.11
2011Summary only. Only limited summary data is available for this year.$4.55$3.81$0.74$3.05$3.13$0.08