Civic Intelligence

Franklin Alumni Association and Foundation

990 • Fiscal year 2019 • EIN 91-1746251

Jan 01, 2019 to Dec 31, 2019 • Filed on Sep 19, 2020

PO Box 28276Seattle, WA 98118

(206) 850-8224

Siviq Scores

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

Liabilities / Assets

27th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

28th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

97th percentile

84%

Higher net margin than 97% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

50th percentile

$0

Higher top officer pay than 50% of similar nonprofits.

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

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

61st percentile

8.0%

Faster asset growth than 61% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

72nd percentile

19%

Faster revenue growth than 72% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Assets

Up

$524,502

Up $38,817 (+8.0%) from 2018

Net Assets

Up

$524,502

Up $38,817 (+8.0%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue

Up

$39,885

Up $6,500 (+19%) from 2018

Expenses

Down

$6,304

Down $67,160 (-91%) from 2018

Net Income

Up

$33,581

Up $73,660 (+184%) from 2018

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2011: $550,026Liabilities 2011: $55,306Net Assets 2011: $494,7202011Assets 2012: $590,670Liabilities 2012: $55,306Net Assets 2012: $535,3642012Assets 2013: $496,638Liabilities 2013: $2,000Net Assets 2013: $494,6382013Assets 2014: $495,528Liabilities 2014: $0Net Assets 2014: $495,5282014Assets 2015: $487,248Liabilities 2015: $0Net Assets 2015: $487,2482015Assets 2016: $516,685Liabilities 2016: $0Net Assets 2016: $516,6852016Assets 2017: $525,764Liabilities 2017: $0Net Assets 2017: $525,7642017Assets 2018: $485,685Liabilities 2018: $0Net Assets 2018: $485,6852018Assets 2019: $524,502Liabilities 2019: $0Net Assets 2019: $524,5022019Assets 2020: $512,576Liabilities 2020: $0Net Assets 2020: $512,5762020Assets 2021: $596,614Liabilities 2021: $0Net Assets 2021: $596,6142021Assets 2022: $606,295Liabilities 2022: $0Net Assets 2022: $606,2952022Assets 2023: $643,380Liabilities 2023: $0Net Assets 2023: $643,3802023Assets 2024: $773,729Liabilities 2024: $0Net Assets 2024: $773,7292024

Highlighted filing

2019

Assets$524,502
Liabilities$0
Net Assets$524,502

Operations Trend

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

$200K$100K$0-$100KRevenue 2011: $55,557Expenses 2011: $49,874Net Income 2011: $5,6832011Revenue 2012: $104,047Expenses 2012: $45,691Net Income 2012: $58,3562012Revenue 2013: $52,325Expenses 2013: $123,411Net Income 2013: -$71,0862013Revenue 2014: $76,634Expenses 2014: $94,393Net Income 2014: -$17,7592014Revenue 2015: $69,437Expenses 2015: $66,345Net Income 2015: $3,0922015Revenue 2016: $92,751Expenses 2016: $76,739Net Income 2016: $16,0122016Revenue 2017: $67,139Expenses 2017: $77,773Net Income 2017: -$10,6342017Revenue 2018: $33,385Expenses 2018: $73,464Net Income 2018: -$40,0792018Revenue 2019: $39,885Expenses 2019: $6,304Net Income 2019: $33,5812019Revenue 2020: $46,352Expenses 2020: $69,636Net Income 2020: -$23,2842020Revenue 2021: $0Expenses 2021: $77,127Net Income 2021: -$77,1272021Revenue 2022: $131,101Expenses 2022: $97,902Net Income 2022: $33,1992022Revenue 2023: $116,548Expenses 2023: $136,264Net Income 2023: -$19,7162023Revenue 2024: $156,952Expenses 2024: $111,096Net Income 2024: $45,8562024

Highlighted filing

2019

Revenue$39,885
Expenses$6,304
Net Income$33,581
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Sep 19, 2020
Return Version
2019v5.0
Gross Receipts
$39,885
Mission and Program Overview

Mission

The Franklin Alumni Association & Foundation exists to enhance the educational experience of the students at Franklin High School. We also keep alumni connected with each other and with Franklin High School.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$455,639$526,227▲ $70,588
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Land, Buildings, and Equipment, Net$0--
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Cash and Non-Interest-Bearing Accounts$30,046$-1,725▼ $31,771
Total Assets$485,685$524,502▲ $38,817
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0--
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$485,685$524,502▲ $38,817
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$485,685$524,502▲ $38,817
Total Liabilities and Net Assets / Fund Balance$485,685$524,502▲ $38,817
Compensation and Service Providers

Board Members and Trustees

NameTitle
Tairea VelasquezPresident
Stephanie RaglandVice President
Sara ThompsonSecretary
Susana TanticoTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$39,885
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$23,735
Change in Net Assets
$33,581
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$6,304
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Office Expenses$2,636$0$0$2,636
Other Expenses$0$1,404$0$1,404
Insurance$0$1,204$0$1,204
Information Technology-$1,060$0$1,060
Total Functional Expenses$2,636$3,668$0$6,304
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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
No
Other officer compensation reviewed
No
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, Part VI, Section B, Line 11B

A pdf of the 990 is emailed to all board members a week prior to filing it so that they can review it.

Form 990, Part VI, Section C, Line 19

Our 990 and other governing documents are available on request and can be sent electronically.

Filing and Contact Details

Filer

Filer Name
Franklin Alumni Association & Foundation
EIN
91-1746251
Phone
2068508224
Address
PO Box 28276, Seattle, WA 98118

Signing Officer

Name
Tairea Velasquez
Title
President
Phone
2068508224
Signed
2020-09-19

Organization Details

Principal Officer
Tairea Velasquez
Formed
1996
Legal Domicile
Wa
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
8
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IRS990/Desc0FAA&F provides grants to enhance the educational experience of Franklin students. We are committed provide a predictable $30,000 a year to grants each year and then fund other grants as funds are available. We are proud of the support we can provide, meeting a gap in funding enrichment programs that cannot be met by a school with a student population that is at least two-thirds on free and reduced lunch. These grants, over the course of the year, impacted nearly every student and staff member at Franklin High School - more than 1200 in total. In 2019 we provided grants to support: athletic team uniforms and equipment, the music program, the robotics program and sex education.
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IRS990/Form990PartVIISectionAGrp/TitleTxt2Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt3Treasurer
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IRS990/ProgSrvcAccomActy2Grp/Desc0Thirteen students received scholarships for post high school education from three scholarship funds - the Franklin Scholarship fund primarily focusing on successful students with financial need (5 @ $2000 each); the Swarts Science College Science Scholarship (2 @ $1000 for new awardees and 4 @ $1000 who received continuing funding from previous awards); Ed Lee Leadership Scholarship (for $2,000 2@$1000)
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IRS990/ProgSrvcAccomActy3Grp/Desc0Quaker Times: We mailed a newsletter to more than 2000 alumni. The newsletter informs alumni about class reunions, features stories about current students and alumni, and gives updates about Franklin high school. This allows alumni to maintain connections with each other and to encourage connection with and investment in current Franklin High School needs. (Program service expenses listed under mailing expenses)
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt02636
IRS990/ProgSrvcAccomActy3Grp/GrantAmt00
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYExcessBenefitTransInd00
IRS990/PymtTravelEntrtnmntPubOfclGrp/FundraisingAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ManagementAndGeneralAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ProgramServicesAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYRevenuesLessExpensesAmt00
IRS990/PYTotalExpensesAmt00
IRS990/PYTotalRevenueAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt033581
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt00
IRS990/RoyaltiesGrp/FundraisingAmt00
IRS990/RoyaltiesGrp/ManagementAndGeneralAmt00
IRS990/RoyaltiesGrp/ProgramServicesAmt00
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt039920
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt047883
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt037378
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt047962
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt054283
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0227426
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/CurrentTaxYearAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt078588
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt014884
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt047470
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt028717
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt014646
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0184305
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0150
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt07140
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt02694
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt09984
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus2YearsAmt0121
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt0121
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt078588
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt014884
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt047470
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt028717
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt014646
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0184305
IRS990ScheduleA/InvestmentIncomeCYPct00.43691
IRS990ScheduleA/InvestmentIncomePYPct00.32161
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearAmt00
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/CurrentTaxYearAmt00
IRS990ScheduleA/Post1975UBTIGrp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/Post1975UBTIGrp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/Post1975UBTIGrp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/Post1975UBTIGrp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.56309
IRS990ScheduleA/PublicSupportPY509Pct00.67839
IRS990ScheduleA/PublicSupportTotal509Amt0237531
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt00
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/CurrentTaxYearAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/CurrentTaxYearMinus2YearsAmt00

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.74$0.00$7.74$1.57$1.11$0.46
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.43$0.00$6.43$1.17$1.36$0.20
2022Detailed filing. Detailed filing data is available for this year.$6.06$0.00$6.06$1.31$0.98$0.33
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.97$0.00$5.97$0.00$0.77$0.77
2020Detailed filing. Detailed filing data is available for this year.$5.13$0.00$5.13$0.46$0.70$0.23
2019Detailed filing. Detailed filing data is available for this year.$5.25$0.00$5.25$0.40$0.06$0.34
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.86$0.00$4.86$0.33$0.73$0.40
2017Detailed filing. Detailed filing data is available for this year.$5.26$0.00$5.26$0.67$0.78$0.11
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.17$0.00$5.17$0.93$0.77$0.16
2015Detailed filing. Detailed filing data is available for this year.$4.87$0.00$4.87$0.69$0.66$0.03
2014Detailed filing. Detailed filing data is available for this year.$4.96$0.00$4.96$0.77$0.94$0.18
2013Detailed filing. Detailed filing data is available for this year.$4.97$0.02$4.95$0.52$1.23$0.71
2012Summary only. Only limited summary data is available for this year.$5.91$0.55$5.35$1.04$0.46$0.58
2011Summary only. Only limited summary data is available for this year.$5.50$0.55$4.95$0.56$0.50$0.06