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Franklin Academy Foundation Inc

Franklin Academy

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 (B29) (NTEE)

Donations to this organization are tax deductible.

Details

According to its June 2023 tax filing, this nonprofit:

Operated a school
Organization is a school. Details are reported on Schedule E.

Summary charts: organization finances over time

Revenue
$90.7M (2023)

Expenses
$93.4M (2023)

Total Assets
$201M (2023)

Total Liabilities
$201M (2023)

Source: Form 990 tax filings from 2009 to 2023

Tax Filings and Audits 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.

Audits are required to be submitted by nonprofit organizations that spend $750,000 or more in federal grant money in a fiscal year. "Single audits" look at the entire organization's finances and compliance, while other audits are program specific. Nonprofit Explorer has PDFs of audits for some nonprofits for fiscal year 2015 and later. Audit data is from the Federal Audit Clearinghouse.

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$90,679,469
Expenses
$93,386,024
Net Income
-$2,706,555
Net Assets
-$56,902
Notable Sources of Revenue Percent of Total Revenue
Contributions $82,645,858
91.1%
Program Services $7,087,965
7.8%
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 $945,646
1.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $190,850
0.2%
Professional Fundraising Fees $0
Other Salaries and Wages $43,662,656
46.8%
Assets/Debt
Total Assets $200,927,319
Total Liabilities $200,984,221
Net Assets -$56,902
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Daniel Sandberg (Superintendent Of Schools) $180,467 $0 $6,000
Scott E Sznitken (Executive Director) $163,680 $0 $22,320
Elena Diaz (School Principal) $129,970 $0 $3,600
Rena Tornopsky (School Principal) $122,191 $0 $2,800
Sergio Delgado (School Principal) $115,810 $0 $2,600
Alexandra Fox (School Principal) $114,278 $0 $3,443
Diane Showalter (School Principal) $112,295 $0 $0
Dr David Thomas (Chair, Director) $0 $0 $0
Dr Jacqueline Greenberg (Director) $0 $0 $0
Alexandra Lonsdale (Director) $0 $0 $0
Deborah Orshefsky (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$83,546,257
Expenses
$81,322,019
Net Income
$2,224,238
Net Assets
$2,649,653
Notable Sources of Revenue Percent of Total Revenue
Contributions $75,125,198
89.9%
Program Services $7,653,588
9.2%
Investment Income $227
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $767,244
0.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $186,000
0.2%
Professional Fundraising Fees $0
Other Salaries and Wages $35,807,777
44.0%
Assets/Debt
Total Assets $201,426,432
Total Liabilities $198,776,779
Net Assets $2,649,653
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Daniel Sandberg (Superintendent Of Schools) $183,929 $0 $9,806
Scott E Sznitken (Executive Director) $178,250 $0 $23,569
Elena Diaz (Principal) $125,752 $0 $6,338
Diane Showalter (Principal) $113,768 $0 $0
Sergio Delgado (Principal) $112,290 $0 $4,600
Rena Tornopsky (Principal) $111,171 $0 $5,355
Alexandra Fox (Principal) $109,094 $0 $5,863
Dr David Thomas (Chair, Director) $0 $0 $0
Dr Jacqueline Greenberg (Director) $0 $0 $0
Catherine Arcabascio (Director) $0 $0 $0
Deborah Orshefsky (Director) $0 $0 $0
Alexandra Kruse (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$74,444,434
Expenses
$70,146,719
Net Income
$4,297,715
Net Assets
$425,415
Notable Sources of Revenue Percent of Total Revenue
Contributions $73,688,774
99.0%
Program Services $438,151
0.6%
Investment Income $215
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $106,021
0.1%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $211,273
0.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $33,380,689
47.6%
Assets/Debt
Total Assets $150,181,265
Total Liabilities $149,755,850
Net Assets $425,415
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Scott E Sznitken (Secretary) $162,500 $0 $0
Daniel Sandberg (Superintendent Of Schools) $136,404 $0 $0
Elena Diaz (School Principal) $101,788 $0 $0
Dr David Thomas (Chair, President) $0 $0 $0
Dr Jacqueline Greenberg (Director) $0 $0 $0
Catherine Arcabascio (Director) $0 $0 $0
Debbie Orshefsky (Director) $0 $0 $0
Alexandra Lonsdale (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$15,142,486
Expenses
$74,159,212
Net Income
-$59,016,726
Net Assets
-$3,818,928
Notable Sources of Revenue Percent of Total Revenue
Contributions $70,273
0.5%
Program Services $1,337,815
8.8%
Investment Income $6,028
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $302,798
2.0%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $13,425,572
88.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $34,943,946
47.1%
Assets/Debt
Total Assets $146,005,724
Total Liabilities $149,824,652
Net Assets -$3,818,928

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$67,970,100
Expenses
$70,675,351
Net Income
-$2,705,251
Net Assets
-$15,005,806
Notable Sources of Revenue Percent of Total Revenue
Contributions $63,372,559
93.2%
Program Services $3,667,472
5.4%
Investment Income $16,254
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $490,318
0.7%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $423,497
0.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $30,169,730
42.7%
Assets/Debt
Total Assets $55,289,185
Total Liabilities $70,294,991
Net Assets -$15,005,806
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Daniel Sandberg (Superintendent Of Schools) $165,425 $0 $0
Scott E Sznitken (Executive Director) $159,000 $0 $0
Arlene Valdes (School Principal) $133,580 $0 $0
Elena Diaz (School Principal) $112,567 $0 $0
Dr David Thomas (Chair, Director) $0 $0 $0
Dr Jacqueline Greenberg (Director) $0 $0 $0
Catherine Arcabascio (Director) $0 $0 $0
Debbie Orshefsky (Director) $0 $0 $0
Alexandra Lonsdale (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$64,720,785
Expenses
$68,394,447
Net Income
-$3,673,662
Net Assets
-$12,300,555
Notable Sources of Revenue Percent of Total Revenue
Contributions $61,085,274
94.4%
Program Services $2,963,768
4.6%
Investment Income $8,201
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $652,524
1.0%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $11,018
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $29,296,844
42.8%
Assets/Debt
Total Assets $55,558,445
Total Liabilities $67,859,000
Net Assets -$12,300,555
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Scott E Sznitken (Executive Director) $161,309 $0 $0
Daniel Sandberg (Superintendent Of Schools) $143,938 $0 $0
Arlene Valdes (School Principal) $133,518 $0 $0
Rachel Slotnick (Teacher) $115,733 $0 $0
Elena Diaz (School Principal) $108,107 $0 $0
Dr David Thomas (Chair, Director) $0 $0 $0
Dr Jacqueline Greenberg (Director) $0 $0 $0
Catherine Arcabascio (Director) $0 $0 $0
Debbie Orshefsky (Director) $0 $0 $0
Alexandra Lonsdale (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$59,271,580
Expenses
$64,645,484
Net Income
-$5,373,904
Net Assets
-$8,626,893
Notable Sources of Revenue Percent of Total Revenue
Contributions $55,818,829
94.2%
Program Services $2,897,988
4.9%
Investment Income $2,832
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $483,215
0.8%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $68,716
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $26,945,823
41.7%
Assets/Debt
Total Assets $57,818,984
Total Liabilities $66,445,877
Net Assets -$8,626,893

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$47,549,130
Expenses
$51,194,747
Net Income
-$3,645,617
Net Assets
-$10,912,932
Notable Sources of Revenue Percent of Total Revenue
Contributions $44,464,913
93.5%
Program Services $2,486,896
5.2%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $310,341
0.7%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $286,980
0.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $22,025,119
43.0%
Assets/Debt
Total Assets $6,162,396
Total Liabilities $17,075,328
Net Assets -$10,912,932

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$36,229,811
Expenses
$38,996,259
Net Income
-$2,766,448
Net Assets
-$7,267,315
Notable Sources of Revenue Percent of Total Revenue
Contributions $33,989,952
93.8%
Program Services $1,835,683
5.1%
Investment Income $100
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $230,263
0.6%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $173,813
0.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $16,793,150
43.1%
Assets/Debt
Total Assets $5,598,026
Total Liabilities $12,865,341
Net Assets -$7,267,315

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$27,051,793
Expenses
$26,267,564
Net Income
$784,229
Net Assets
-$1,541,072
Notable Sources of Revenue Percent of Total Revenue
Contributions $25,357,901
93.7%
Program Services $1,269,724
4.7%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $217,903
0.8%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $206,265
0.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $12,051,297
45.9%
Assets/Debt
Total Assets $4,693,865
Total Liabilities $6,234,937
Net Assets -$1,541,072

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$8,944,159
Expenses
$10,300,937
Net Income
-$1,356,778
Net Assets
-$2,325,299
Notable Sources of Revenue Percent of Total Revenue
Contributions $8,562,657
95.7%
Program Services $381,502
4.3%
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 $0
Professional Fundraising Fees $0
Other Salaries and Wages $4,191,131
40.7%
Assets/Debt
Total Assets $2,433,417
Total Liabilities $4,758,716
Net Assets -$2,325,299

No Document Links

The IRS has provided extracted financial data for this filing, but has not yet released the source documents.

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$8,288,010
Expenses
$8,482,813
Net Income
-$194,803
Net Assets
-$604,015
Notable Sources of Revenue Percent of Total Revenue
Contributions $7,653,082
92.3%
Program Services $588,539
7.1%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $46,389
0.6%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $3,718,491
43.8%
Assets/Debt
Total Assets $1,972,337
Total Liabilities $2,576,352
Net Assets -$604,015

Document Links

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$33,192
Expenses
$442,404
Net Income
-$409,212
Net Assets
-$409,212
Notable Sources of Revenue Percent of Total Revenue
Contributions $33,192
100%
Program Services $0
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $292,101
Total Liabilities $701,313
Net Assets -$409,212

Document Links

Fiscal Year Ending June
2010

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$0
Expenses
$0
Net Income
$0
Net Assets
$1
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $1
Total Liabilities $0
Net Assets $1

Document Links

Fiscal Year Ending June
2009

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$0
Expenses
$0
Net Income
$0
Net Assets
$1
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $1
Total Liabilities $0
Net Assets $1

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

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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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

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

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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