FRANKLIN SCHOOLS FOUNDATION

EIN: 463021440 501(c)(3) Education

American Fork, UT

Total Revenue
$320,110
Total Expenses
$360,706
Total Assets
$11,887,205
Net Assets
$125,205
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
UT
Principal Officer
Jennifer Price
Phone
8014770144
Tax Period
2024-07-01 to 2025-06-30

FRANKLIN SCHOOLS FOUNDATION, founded in 2014, is a small nonprofit in the Education sector that reported $320K in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year. Expenses of $361K exceeded revenue, resulting in a 13% operating deficit.

Mission

Franklin Schools Foundation provides a quality education to a diverse population of preschool and kindergarten children in central Utah County. The Foundation also provides and supports quality educational experiences and parent volunteer opportunities for K-6 charter students enrolled at Franklin Discovery Academy-Vineyard. We provide an environment where students create, learn, play, and inspire. We also work to create a welcoming work environment for our staff of highly trained educators and support staff. We provide meaningful opportunities for parents to volunteer and participate in fundraising.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $320,110
Investment Income $0
Other Revenue $0
TOTAL REVENUE $320,110

Expense Breakdown

Grants Paid $0
Salaries & Benefits $307,849
Fundraising Expenses $0
Program Expenses $360,706
Other Expenses $52,857
TOTAL EXPENSES $360,706

Year-over-Year Comparison

2024 2023 Change
Revenue $320,110 $370,141 -0.1%
Expenses $360,706 $354,223 +0.0%
Net Income $-40,596 $15,918 -3.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
3
Employees
26
Volunteers
215

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
1
$0
Total Directors
3
$0
Key Employees
1
$38,209
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jessica Campbell Director 40
Key Emp
$38,209 $0 $38,209
Enkhee Chuluun Treasurer (Volunteer) 10
Director
$0 $0 $0
Jaylin Scott Board Member (Volunteer) 10
Director
$0 $0 $0
Jennifer Price CAO & Chair (Volunteer) 10
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $320,110 $360,706 $11,887,205 $-40,596
2024 $370,141 $354,223 $12,052,801 $15,918
2023 $446,609 $326,789 $12,069,883 $119,820
2022 $225,695 $225,261 $30,063 $434
2021 $259,306 $238,672 $29,629 $20,634
2020 $253,083 $278,926 $8,995 $-25,843
2019 $266,057 $261,620 $34,838 $4,437
2018 $288,105 $279,524 $30,401 $8,581
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