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Franklin Academy Incorporated

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn’t provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Educational Institutions and Related Activities / Elementary, Secondary Education, K - 12 (NTEE)

Donations to this organization are tax deductible.

Details

According to its June 2022 tax filing, this nonprofit:

Operated a school
Organization is a school. Details are reported on Schedule E.
Reported conflict of interest transactions
Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Summary charts: organization finances over time

Revenue
$7.52M (2022)

Expenses
$7.67M (2022)

Total Assets
$8.91M (2022)

Total Liabilities
$11.3M (2022)

Source: Form 990 tax filings from 2011 to 2022

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,524,694
Expenses
$7,667,583
Net Income
-$142,889
Net Assets
-$2,426,247
Notable Sources of Revenue Percent of Total Revenue
Contributions $343,245
4.6%
Program Services $7,181,449
95.4%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $189,263
2.5%
Professional Fundraising Fees $0
Other Salaries and Wages $3,123,912
40.7%
Assets/Debt
Total Assets $8,906,853
Total Liabilities $11,333,100
Net Assets -$2,426,247
Other
Operated a school
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
A Fred Weissbach (Head Of Scho) $183,750 $0 $16,742
Cynthia Pope (Admissions D) $121,500 $0 $9,004
Seymore Hays (Asst Head Of) $115,786 $0 $3,997
Leland Barsom (Operations D) $108,500 $0 $8,614
Rebecca Hays (Program Dire) $107,635 $0 $14,469
Mary Murphy (Development) $107,100 $0 $3,163
Belinda Brennan (Chair) $0 $0 $0
Robert Sherlock (Vice Chair/T) $0 $0 $0
Nancy Altschuler (Board Member) $0 $0 $0
Bruce Dutch (Board Member) $0 $0 $0
Norma Fox (Board Member) $0 $0 $0
Michelle Petryk (Board Member) $0 $0 $0
Peyton Petty (Board Member) $0 $0 $0
Henry Schreiber (Board Member) $0 $0 $0
David Young (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,416,320
Expenses
$7,245,432
Net Income
$170,888
Net Assets
-$2,283,358
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,084,326
14.6%
Program Services $6,355,181
85.7%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $11,099
0.1%
Sales of Assets -$34,286
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $212,253
2.9%
Professional Fundraising Fees $0
Other Salaries and Wages $2,853,952
39.4%
Assets/Debt
Total Assets $9,116,364
Total Liabilities $11,399,722
Net Assets -$2,283,358
Other
Operated a school
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
A Fred Weissbach (Head Of Scho) $206,350 $0 $16,453
Cynthia Pope (Admissions D) $121,500 $0 $8,671
Mary Murphy (Development) $118,500 $0 $3,886
Seymore Hays (Asst Head Of) $116,500 $0 $4,906
Leland Barsom (Operations D) $108,500 $0 $8,281
Rebecca Hays (Program Dire) $108,000 $0 $15,751
Belinda Brennan (Chair) $0 $0 $0
Robert Sherlock (Vice Chair/T) $0 $0 $0
Nancy Altschuler (Board Member) $0 $0 $0
Bruce Dutch (Board Member) $0 $0 $0
Norma Fox (Board Member) $0 $0 $0
Michelle Petryk (Board Member) $0 $0 $0
Peyton Petty (Board Member) $0 $0 $0
Henry Schreiber (Board Member) $0 $0 $0
David Young (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,234,432
Expenses
$7,111,771
Net Income
$122,661
Net Assets
-$2,454,246
Notable Sources of Revenue Percent of Total Revenue
Contributions $156,291
2.2%
Program Services $7,025,495
97.1%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $52,646
0.7%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $207,453
2.9%
Professional Fundraising Fees $0
Other Salaries and Wages $2,878,377
40.5%
Assets/Debt
Total Assets $9,210,907
Total Liabilities $11,665,153
Net Assets -$2,454,246
Other
Operated a school
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
A Fred Weissbach (Head Of Scho) $201,550 $0 $18,291
Cynthia Pope (Admissions D) $121,500 $0 $9,599
Mary Murphy (Development) $118,500 $0 $3,886
Seymore Hays (Asst Head Of) $115,786 $0 $4,906
Leland Barsom (Operations D) $108,500 $0 $9,209
Rebecca Hays (Program Dire) $107,511 $0 $19,517
Henry Schreiber (Chairman) $0 $0 $0
Belinda Brennan (Vice Chair) $0 $0 $0
Robert Sherlock (Treasurer) $0 $0 $0
Mary Ellen Klinck (Secretary) $0 $0 $0
Nancy Altschuler (Board Member) $0 $0 $0
Jeffrey Dryfoos (Board Member) $0 $0 $0
Lawrence Fenn (Board Member) $0 $0 $0
Michelle Petryk (Board Member) $0 $0 $0
David Young (Board Member) $0 $0 $0
Patricia Bahrenburg (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,797,679
Expenses
$7,251,746
Net Income
$545,933
Net Assets
-$2,576,907
Notable Sources of Revenue Percent of Total Revenue
Contributions $80,938
1.0%
Program Services $7,695,206
98.7%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $18,935
0.2%
Sales of Assets $2,600
0.0%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $207,453
2.9%
Professional Fundraising Fees $0
Other Salaries and Wages $2,802,226
38.6%
Assets/Debt
Total Assets $9,311,916
Total Liabilities $11,888,823
Net Assets -$2,576,907
Other
Operated a school
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
A Fred Weissbach (Head Of Scho) $201,550 $0 $24,392
Cynthia Pope (Admissions D) $121,500 $0 $11,059
Mary Murphy (Development) $118,500 $0 $4,152
Seymore Hays (Asst Head Of) $115,786 $0 $5,808
Leland Barsom (Operations D) $108,500 $0 $10,955
Rebecca Hays (Clinical Dir) $107,483 $0 $5,939
Henry Schreiber (Chairman) $0 $0 $0
Mary Ellen Klinck (Secretary) $0 $0 $0
Robert Sherlock (Treasurer) $0 $0 $0
Nancy Altschuler (Board Member) $0 $0 $0
Belinda Brennan (Board Member) $0 $0 $0
Jeffrey Dryfoos (Board Member) $0 $0 $0
Lawrence Fenn (Board Member) $0 $0 $0
Kevin Lockerbie (Board Member) $0 $0 $0
Michelle Petryk (Board Member) $0 $0 $0
David Young (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$6,689,342
Expenses
$7,154,342
Net Income
-$465,000
Net Assets
-$3,122,840
Notable Sources of Revenue Percent of Total Revenue
Contributions $106,802
1.6%
Program Services $6,553,679
98.0%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $28,861
0.4%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $207,453
2.9%
Professional Fundraising Fees $0
Other Salaries and Wages $2,812,888
39.3%
Assets/Debt
Total Assets $9,701,035
Total Liabilities $12,823,875
Net Assets -$3,122,840
Other
Operated a school
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
A Fred Weissbach (Head Of Scho) $201,550 $0 $21,090
Cynthia Pope (Admissions D) $121,500 $0 $9,654
Mary Murphy (Development) $118,500 $0 $11,788
Seymore Hays (Asst Head Of) $115,786 $0 $3,531
Leland Barsom (Operations D) $108,500 $0 $10,895
Rebecca Hays (Clinical Dir) $104,983 $0 $19,595
Henry Schreiber (Chairman) $0 $0 $0
Mary Ellen Klinck (Secretary) $0 $0 $0
Robert Sherlock (Treasurer) $0 $0 $0
Nancy Altschuler (Board Member) $0 $0 $0
Belinda Brennan (Board Member) $0 $0 $0
Jeffrey Dryfoos (Board Member) $0 $0 $0
Lawrence Fenn (Board Member) $0 $0 $0
Kevin Lockerbie (Board Member) $0 $0 $0
Michelle Petryk (Board Member) $0 $0 $0
David Young (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$6,671,854
Expenses
$6,922,368
Net Income
-$250,514
Net Assets
-$2,657,840
Notable Sources of Revenue Percent of Total Revenue
Contributions $76,583
1.1%
Program Services $6,574,805
98.5%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $20,466
0.3%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $215,020
3.1%
Professional Fundraising Fees $0
Other Salaries and Wages $2,728,253
39.4%
Assets/Debt
Total Assets $9,707,112
Total Liabilities $12,364,952
Net Assets -$2,657,840
Other
Operated a school
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
A Fred Weissbach (Head Of Scho) $201,550 $0 $20,088
Cynthia Pope (Admissions D) $122,500 $0 $9,658
Mary Murphy (Development) $119,500 $0 $11,537
Seymore Hays (Asst Head Of) $116,786 $0 $19,982
Leland Barsom (Operations D) $109,500 $0 $10,314
Rebecca Hays (Clinical Dir) $101,238 $0 $2,984
Henry Schreiber (Chairman) $0 $0 $0
Steve Kreter (Vice Chairma) $0 $0 $0
Mary Ellen Klinck (Secretary) $0 $0 $0
Robert Sherlock (Treasurer) $0 $0 $0
Kevin Lockerbie (Board Member) $0 $0 $0
David Young (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,097,902
Expenses
$6,797,801
Net Income
$300,101
Net Assets
-$2,407,326
Notable Sources of Revenue Percent of Total Revenue
Contributions $119,694
1.7%
Program Services $6,955,585
98.0%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $22,623
0.3%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $232,520
3.4%
Professional Fundraising Fees $0
Other Salaries and Wages $2,708,454
39.8%
Assets/Debt
Total Assets $10,070,067
Total Liabilities $12,477,393
Net Assets -$2,407,326
Other
Operated a school
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
A Fred Weissbach (Head Of Scho) $226,617 $0 $20,088
Cynthia Pope (Admissions D) $126,348 $0 $9,658
Mary Murphy (Residential) $124,558 $0 $11,477
Seymore Hays (Education Di) $121,688 $0 $19,975
Leland Barsom (Operations D) $116,286 $0 $10,314
Henry Schreiber (Chairman) $0 $0 $0
Steve Kreter (Vice Chairma) $0 $0 $0
Mary Ellen Klinck (Secretary) $0 $0 $0
Robert Sherlock (Treasurer) $0 $0 $0
Kevin Lockerbie (Board Member) $0 $0 $0
David Young (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$6,816,576
Expenses
$6,830,363
Net Income
-$13,787
Net Assets
-$2,707,427
Notable Sources of Revenue Percent of Total Revenue
Contributions $66,955
1.0%
Program Services $6,716,781
98.5%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $19,705
0.3%
Sales of Assets $340
0.0%
Net Inventory Sales $0
Other Revenue $12,795
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $208,087
3.0%
Professional Fundraising Fees $0
Other Salaries and Wages $2,698,956
39.5%
Assets/Debt
Total Assets $4,959,123
Total Liabilities $7,666,550
Net Assets -$2,707,427

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$8,065,837
Expenses
$8,045,546
Net Income
$20,291
Net Assets
-$2,693,640
Notable Sources of Revenue Percent of Total Revenue
Contributions $148,578
1.8%
Program Services $7,902,738
98.0%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $14,521
0.2%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $233,338
2.9%
Professional Fundraising Fees $0
Other Salaries and Wages $3,148,026
39.1%
Assets/Debt
Total Assets $4,782,664
Total Liabilities $7,476,304
Net Assets -$2,693,640

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,315,927
Expenses
$7,224,036
Net Income
$91,891
Net Assets
-$2,713,931
Notable Sources of Revenue Percent of Total Revenue
Contributions $115,953
1.6%
Program Services $7,184,331
98.2%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $15,643
0.2%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $197,670
2.7%
Professional Fundraising Fees $0
Other Salaries and Wages $2,894,951
40.1%
Assets/Debt
Total Assets $5,274,559
Total Liabilities $7,988,490
Net Assets -$2,713,931

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,187,013
Expenses
$7,220,883
Net Income
-$33,870
Net Assets
-$3,455,985
Notable Sources of Revenue Percent of Total Revenue
Contributions $38,224
0.5%
Program Services $7,134,820
99.3%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $13,444
0.2%
Sales of Assets $525
0.0%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $196,750
2.7%
Professional Fundraising Fees $0
Other Salaries and Wages $2,849,833
39.5%
Assets/Debt
Total Assets $4,968,169
Total Liabilities $8,424,154
Net Assets -$3,455,985

Document Links

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,081,948
Expenses
$6,825,519
Net Income
$256,429
Net Assets
-$4,239,821
Notable Sources of Revenue Percent of Total Revenue
Contributions $99,537
1.4%
Program Services $6,950,068
98.1%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $32,343
0.5%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $196,750
2.9%
Professional Fundraising Fees $0
Other Salaries and Wages $2,703,918
39.6%
Assets/Debt
Total Assets $4,979,111
Total Liabilities $9,218,932
Net Assets -$4,239,821

Document Links

Fiscal Year Ending June
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

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