FRANKLIN ACADEMY INCORPORATED: Form 990, tax year 2016

View the entire original 990 at ProPublica ↗

Organization: FRANKLIN ACADEMY INCORPORATED (EIN 22-3843855)
Tax period: 2016-07-01 to 2017-06-30
Filed: 2018-05-15
IRS object ID: 201821359349306517
Schema version: 2016v3.1
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule B
Schedule D
Schedule E
Schedule G
Schedule J
Schedule L
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2018-05-15T13:09:08-04:00	ReturnTs
Tax Period End	2017-06-30	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	522436535	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	COMER & COMPANY CPA'S LLC	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	61 MAIN STREET	AddressLine1Txt
City	MIDDLETOWN	CityNm
State Abbreviation	CT	StateAbbreviationCd
ZIP	064573408	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2016-07-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	223843855	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	THE FRANKLIN ACADEMY INC	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	FRAN	BusinessNameControlTxt
Phone	8608732700	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	140 RIVER RD	AddressLine1Txt
City	EAST HADDAM	CityNm
State Abbreviation	CT	StateAbbreviationCd
ZIP	06423	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	A FRED WEISSBACH	PersonNm
Person Title	HEAD OF SCHOOL	PersonTitleTxt
Phone	8608732700	PhoneNum
Signature	2018-05-15	SignatureDt

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	THOMAS D COMER	PreparerPersonNm
PTIN	P00129178	PTIN
Phone	8603462100	PhoneNum
Preparation	2018-05-14	PreparationDt

Field	Value	IRS element (for citing)
Tax	2016	TaxYr
Build TS	2022-09-23 18:48:47Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	HENRY SCHREIBER	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	140 RIVER ROAD	AddressLine1Txt
City	EAST HADDAM	CityNm
State Abbreviation	CT	StateAbbreviationCd
ZIP	06423	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$6,671,854	GrossReceiptsAmt
Group Return For Affiliates	false	GroupReturnForAffiliatesInd
Organization501c3	Yes (X)	Organization501c3Ind
Website Address	WWW.FA-CT.ORG	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	2001	FormationYr
Legal Domicile State	CT	LegalDomicileStateCd
Activity Or Mission	FRANKLIN ACADEMY IS AN ACCREDITED COLLEGE PREPARATORY BOARDING SCHOOL, SERVING BOYS AND GIRLS IN GRADES 8-12. FRANKLIN CREATES A COMMUNITY- FOCUSED BOARDING AND DAY SCHOOL WHERE STUDENTS WITH UNIQUE LEARNING STYLES DEVELOP AND STRENGTHEN ACADEMIC AND SOCIAL COMPETENCIES VITAL TO THE PURSUIT OF COLLEGE GOALS, PROFESSIONAL ASPIRATIONS, AND FULFILLING LIVES.	ActivityOrMissionDesc
Voting Members Governing Body	6	VotingMembersGoverningBodyCnt
Voting Members Independent	5	VotingMembersIndependentCnt
Total Employee	82	TotalEmployeeCnt
Total Gross UBI	$0	TotalGrossUBIAmt
PY Contributions Grants	$119,694	PYContributionsGrantsAmt
CY Contributions Grants	$76,583	CYContributionsGrantsAmt
PY Program Service Revenue	$6,955,585	PYProgramServiceRevenueAmt
CY Program Service Revenue	$6,574,805	CYProgramServiceRevenueAmt
CY Investment Income	$0	CYInvestmentIncomeAmt
PY Other Revenue	$22,623	PYOtherRevenueAmt
CY Other Revenue	$20,466	CYOtherRevenueAmt
PY Total Revenue	$7,097,902	PYTotalRevenueAmt
CY Total Revenue	$6,671,854	CYTotalRevenueAmt
CY Grants And Similar Paid	$0	CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$4,278,064	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$4,281,667	CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$2,519,737	PYOtherExpensesAmt
CY Other Expenses	$2,640,701	CYOtherExpensesAmt
PY Total Expenses	$6,797,801	PYTotalExpensesAmt
CY Total Expenses	$6,922,368	CYTotalExpensesAmt
PY Revenues Less Expenses	$300,101	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	-$250,514	CYRevenuesLessExpensesAmt
Total Assets BOY	$10,070,067	TotalAssetsBOYAmt
Total Assets EOY	$9,707,112	TotalAssetsEOYAmt
Total Liabilities BOY	$12,477,393	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$12,364,952	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	-$2,407,326	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	-$2,657,840	NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part III	Yes (X)	InfoInScheduleOPartIIIInd
Mission	FRANKLIN ACADEMY IS AN ACCREDITED COLLEGE PREPARATORY BOARDING SCHOOL, SERVING BOYS AND GIRLS IN GRADES 8-12. FRANKLIN CREATES A COMMUNITY- FOCUSED BOARDING AND DAY SCHOOL WHERE STUDENTS WITH UNIQUE LEARNING STYLES DEVELOP AND STRENGTHEN ACADEMIC AND SOCIAL COMPETENCIES VITAL TO THE PURSUIT OF COLLEGE GOALS, PROFESSIONAL ASPIRATIONS, AND FULFILLING LIVES.	MissionDesc
Significant New Program Srvc	false	SignificantNewProgramSrvcInd
Significant Change	false	SignificantChangeInd
Expense	$4,703,252	ExpenseAmt
Revenue	$6,574,805	RevenueAmt
Desc	FRANKLIN ACADEMY IS AN ACCREDITED COLLEGE PREPARATORY BOARDING SCHOOL, SERVING BOYS AND GIRLS IN GRADES 8-12 WHO HAVE BEEN IDENTIFIED WITH NONVERBAL LEARNING DISABILITIES OR DIAGNOSED WITH AUTISM SPECTRUM DISORDERS, INCLUDING ASPERGER'S SYNDROME. INCLUDED IN THIS STUDENT POPULATION IS A SMALL NUMBER OF POSTGRADUATE STUDENTS WHO FIT THE NLD/ASD PROFILE. THE SCHOOL IS DEDICATED TO MEETING THE ACADEMIC AND SOCIAL NEEDS OF THESE STUDENTS IN A SAFE AND STRUCTURED ENVIRONMENT.	Desc
Total Program Service Expenses	$4,703,252	TotalProgramServiceExpensesAmt
Described In Section501c3	Yes (true)	DescribedInSection501c3Ind
Schedule B Required	Yes (true)	ScheduleBRequiredInd
Political Campaign Acty	false	PoliticalCampaignActyInd
Lobbying Activities	false	LobbyingActivitiesInd
Subject To Proxy Tax	false	SubjectToProxyTaxInd
Donor Advised Fund	false	DonorAdvisedFundInd
Conservation Easements	false	ConservationEasementsInd
Collections Of Art	false	CollectionsOfArtInd
Credit Counseling	false	CreditCounselingInd
Temp Or Permanent Endowments	false	TempOrPermanentEndowmentsInd
Report Land Building Equipment	Yes (true)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	false	ReportInvestmentsOtherSecInd
Report Program Related Invst	false	ReportProgramRelatedInvstInd
Report Other Assets	false	ReportOtherAssetsInd
Report Other Liabilities	Yes (true)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	false	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	Yes (true)	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	false	ConsolidatedAuditFinclStmtInd
School Operating	Yes (true)	SchoolOperatingInd
Foreign Office	false	ForeignOfficeInd
Foreign Activities	false	ForeignActivitiesInd
More Than5000 K To Org	false	MoreThan5000KToOrgInd
More Than5000 K To Individuals	false	MoreThan5000KToIndividualsInd
Professional Fundraising	false	ProfessionalFundraisingInd
Fundraising Activities	Yes (true)	FundraisingActivitiesInd
Gaming Activities	false	GamingActivitiesInd
Operate Hospital	false	OperateHospitalInd
Grants To Organizations	false	GrantsToOrganizationsInd
Grants To Individuals	false	GrantsToIndividualsInd
Schedule J Required	Yes (true)	ScheduleJRequiredInd
Tax Exempt Bonds	false	TaxExemptBondsInd
Engaged In Excess Benefit Trans	false	EngagedInExcessBenefitTransInd
PY Excess Benefit Trans	false	PYExcessBenefitTransInd
Loan Outstanding	Yes (true)	LoanOutstandingInd
Grant To Related Person	false	GrantToRelatedPersonInd
Business Rln With Org Mem	Yes (true)	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	Yes (true)	BusinessRlnWithFamMemInd
Business Rln With Officer Ent	false	BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri	false	DeductibleNonCashContriInd
Deductible Art Contribution	false	DeductibleArtContributionInd
Terminate Operations	false	TerminateOperationsInd
Partial Liquidation	false	PartialLiquidationInd
Disregarded Entity	false	DisregardedEntityInd
Related Entity	false	RelatedEntityInd
Related Organization Ctrl Ent	false	RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org	false	TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp	false	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (true)	ScheduleORequiredInd
IRP Document	35	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (true)	BackupWthldComplianceInd
Employee	82	EmployeeCnt
Employment Tax Returns Filed	Yes (true)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	false	UnrelatedBusIncmOverLimitInd
Foreign Financial Account	false	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd
Taxable Party Notification	false	TaxablePartyNotificationInd
Nondeductible Contributions	false	NondeductibleContributionsInd
Quid Pro Quo Contributions	false	QuidProQuoContributionsInd
Form8282 Property Disposed Of	false	Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	false	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	false	PayPremiumsPrsnlBnftCntrctInd
Form8899 Filedind	false	Form8899Filedind
Form1098 C Filed	false	Form1098CFiledInd
Indoor Tanning Services	false	IndoorTanningServicesInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	6	GoverningBodyVotingMembersCnt
Independent Voting Member	5	IndependentVotingMemberCnt
Family Or Business Rln	false	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	false	DelegationOfMgmtDutiesInd
Change To Org Documents	false	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	false	MaterialDiversionOrMisuseInd
Members Or Stockholders	false	MembersOrStockholdersInd
Election Of Board Members	false	ElectionOfBoardMembersInd
Decisions Subject To Approva	false	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (true)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (true)	MinutesOfCommitteesInd
Officer Mailing Address	false	OfficerMailingAddressInd
Local Chapters	false	LocalChaptersInd
Form990 Provided To Gvrn Body	Yes (true)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (true)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (true)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (true)	RegularMonitoringEnfrcInd
Whistleblower Policy	false	WhistleblowerPolicyInd
Document Retention Policy	false	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (true)	CompensationProcessCEOInd
Compensation Process Other	Yes (true)	CompensationProcessOtherInd
Investment In Joint Venture	false	InvestmentInJointVentureInd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Field	Value	IRS element (for citing)
Person	SARAH DONNER	PersonNm
Phone	8608732700	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	140 RIVER ROAD	AddressLine1Txt
City	EAST HADDAM	CityNm
State Abbreviation	CT	StateAbbreviationCd
ZIP	06423	ZIPCd

Field	Value	IRS element (for citing)
No Listed Persons Compensated	Yes (X)	NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (12 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	Key EmployeeKeyEmployeeInd	Highest Compensated EmployeeHighestCompensatedEmployeeInd
HENRY SCHREIBER
CHAIRMAN	1.00	Yes (X)	Yes (X)	$0	$0	$0
STEVE KRETER
VICE CHAIRMA	1.00	Yes (X)	Yes (X)	$0	$0	$0
MARY ELLEN KLINCK
SECRETARY	1.00	Yes (X)	Yes (X)	$0	$0	$0
ROBERT SHERLOCK
TREASURER	1.00	Yes (X)	Yes (X)	$0	$0	$0
KEVIN LOCKERBIE
BOARD MEMBER	1.00	Yes (X)		$0	$0	$0
DAVID YOUNG
BOARD MEMBER	1.00	Yes (X)		$0	$0	$0
A FRED WEISSBACH
HEAD OF SCHO	40.00			$201,550	$0	$20,088	Yes (X)
CYNTHIA POPE
ADMISSIONS D	40.00			$122,500	$0	$9,658		Yes (X)
MARY MURPHY
DEVELOPMENT	40.00			$119,500	$0	$11,537		Yes (X)
SEYMORE HAYS
ASST HEAD OF	40.00			$116,786	$0	$19,982		Yes (X)
LELAND BARSOM
OPERATIONS D	40.00			$109,500	$0	$10,314		Yes (X)
REBECCA HAYS
CLINICAL DIR	40.00			$101,238	$0	$2,984		Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$771,074	TotalReportableCompFromOrgAmt
Total Other Compensation	$74,563	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	6	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	false	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (true)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	false	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp

Contractor Name ContractorName

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	SAGE DINING SERVICES	BusinessNameLine1Txt

Contractor Address ContractorAddress

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1402 YORK ROAD	AddressLine1Txt
City	LUTHERVILLE	CityNm
State Abbreviation	MD	StateAbbreviationCd
ZIP	21093	ZIPCd

Field	Value	IRS element (for citing)
Services	DINING SERVICES	ServicesDesc
Compensation	$388,353	CompensationAmt

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	1	CntrctRcvdGreaterThan100KCnt
All Other Contributions	$76,583	AllOtherContributionsAmt
Noncash Contributions	$5,140	NoncashContributionsAmt
Total Contributions	$76,583	TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
TUITION AND FEES	611600	$6,572,320	$6,572,320
MISC. SCHOOL INCOME	900099	$2,485	$2,485

Field	Value	IRS element (for citing)
Total Program Service Revenue	$6,574,805	TotalProgramServiceRevenueAmt
Fundraising Gross Income	$20,466	FundraisingGrossIncomeAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$20,466	TotalRevenueColumnAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$6,671,854	TotalRevenueColumnAmt
Related Or Exempt Func Income	$6,574,805	RelatedOrExemptFuncIncomeAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$215,020	TotalAmt
Management And General	$215,020	ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$2,728,253	TotalAmt
Program Services	$1,867,095	ProgramServicesAmt
Management And General	$861,158	ManagementAndGeneralAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$76,425	TotalAmt
Program Services	$52,331	ProgramServicesAmt
Management And General	$24,094	ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$1,039,798	TotalAmt
Program Services	$660,932	ProgramServicesAmt
Management And General	$378,866	ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$222,171	TotalAmt
Program Services	$141,220	ProgramServicesAmt
Management And General	$80,951	ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$2,298	TotalAmt
Management And General	$2,298	ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$20,770	TotalAmt
Management And General	$20,770	ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$2,882	TotalAmt
Management And General	$2,882	ManagementAndGeneralAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$99,785	TotalAmt
Management And General	$99,785	ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$15,350	TotalAmt
Management And General	$15,350	ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$56,099	TotalAmt
Program Services	$28,049	ProgramServicesAmt
Management And General	$28,050	ManagementAndGeneralAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$2,191	TotalAmt
Program Services	$2,191	ProgramServicesAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$457,470	TotalAmt
Management And General	$457,470	ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$366,937	TotalAmt
Program Services	$366,937	ProgramServicesAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$138,111	TotalAmt
Program Services	$115,817	ProgramServicesAmt
Management And General	$22,294	ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt	Program ServicesProgramServicesAmt
KITCHEN SVCS,FOOD,SUPPLIE	$377,526	$377,526
DISCOUNTS/SCHOLARSHIPS	$336,269	$336,269
UTILITIES	$155,132	$155,132
REAL ESTATE TAXES	$112,171	$112,171

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$497,710	TotalAmt
Program Services	$487,582	ProgramServicesAmt
Management And General	$10,128	ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$6,922,368	TotalAmt
Program Services	$4,703,252	ProgramServicesAmt
Management And General	$2,219,116	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$263,318	BOYAmt
EOY	$166,866	EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$4,000	BOYAmt
EOY	$10,000	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$108,750	BOYAmt
EOY	$134,794	EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

Field	Value	IRS element (for citing)
BOY	$13,000	BOYAmt
EOY	$13,000	EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

Field	Value	IRS element (for citing)
BOY	$1,038	BOYAmt
EOY	$688	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$159,732	BOYAmt
EOY	$47,218	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$12,135,999	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$2,874,180	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$9,409,149	BOYAmt
EOY	$9,261,819	EOYAmt

Intangible Assets IntangibleAssetsGrp

Field	Value	IRS element (for citing)
BOY	$7,572	BOYAmt
EOY	$7,182	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$103,508	BOYAmt
EOY	$65,545	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$10,070,067	BOYAmt
EOY	$9,707,112	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$144,543	BOYAmt
EOY	$74,975	EOYAmt

Deferred Revenue DeferredRevenueGrp

Field	Value	IRS element (for citing)
BOY	$2,564,310	BOYAmt
EOY	$2,256,573	EOYAmt

Loans From Officers Directors LoansFromOfficersDirectorsGrp

Field	Value	IRS element (for citing)
EOY	$100,000	EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

Field	Value	IRS element (for citing)
BOY	$9,727,765	BOYAmt
EOY	$9,901,622	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$40,775	BOYAmt
EOY	$31,782	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$12,477,393	BOYAmt
EOY	$12,364,952	EOYAmt

Field	Value	IRS element (for citing)
Organization Follows SFAS117	Yes (X)	OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	-$2,449,476	BOYAmt
EOY	-$2,669,990	EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$42,150	BOYAmt
EOY	$12,150	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	-$2,407,326	BOYAmt
EOY	-$2,657,840	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$10,070,067	BOYAmt
EOY	$9,707,112	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	-$250,514	ReconcilationRevenueExpnssAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	false	AccountantCompileOrReviewInd
FS Audited	Yes (true)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Separate Basis Fincl Stmt	Yes (X)	SeparateBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	false	AuditCommitteeInd
Federal Grant Audit Required	false	FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
School	Yes (X)	SchoolInd

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	RESTRICTED	ContributorNum

Contributor Business Name ContributorBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Total Contributions	RESTRICTED	TotalContributionsAmt

Schedule D IRS990ScheduleD

Land LandGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$826,885	OtherCostOrOtherBasisAmt
Book Value	$826,885	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$6,045,879	OtherCostOrOtherBasisAmt
Depreciation	$702,390	DepreciationAmt
Book Value	$5,343,489	BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$3,986,200	OtherCostOrOtherBasisAmt
Depreciation	$1,052,571	DepreciationAmt
Book Value	$2,933,629	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$656,727	OtherCostOrOtherBasisAmt
Depreciation	$527,613	DepreciationAmt
Book Value	$129,114	BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$620,308	OtherCostOrOtherBasisAmt
Depreciation	$591,606	DepreciationAmt
Book Value	$28,702	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$9,261,819	TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

Field	Value	IRS element (for citing)
Desc	CAPITAL LEASE	Desc
Amt	$31,782	Amt

Field	Value	IRS element (for citing)
Total Liability	$31,782	TotalLiabilityAmt
Total Rev Etc Audited Fincl Stmt	$6,671,854	TotalRevEtcAuditedFinclStmtAmt
Revenue Subtotal	$6,671,854	RevenueSubtotalAmt
Total Revenue Per Form990	$6,671,854	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$6,922,368	TotExpnsEtcAuditedFinclStmtAmt
Expenses Subtotal	$6,922,368	ExpensesSubtotalAmt
Total Expenses Per Form990	$6,922,368	TotalExpensesPerForm990Amt

Schedule E IRS990ScheduleE

Field	Value	IRS element (for citing)
Nondiscriminatory Policy Stmt	Yes (true)	NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures Etc	Yes (true)	PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast Media	Yes (true)	PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp Recs	Yes (true)	MaintainRacialCompRecsInd
Maintain Scholarships Recs	Yes (true)	MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures Etc	Yes (true)	MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All Sol	Yes (true)	MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts	false	DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy	false	DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty	false	DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs	false	DiscriminateRaceSchsInd
Discriminate Race Educ Plcy	false	DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts	false	DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog	false	DiscriminateRaceAthltProgInd
Discriminate Race Other Acty	false	DiscriminateRaceOtherActyInd
Government Financial Aid Rcvd	false	GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd	false	GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550	Yes (true)	ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	SCHEDULE E, LINE 3	FormAndLineReferenceDesc
Explanation	THE FRANKLIN ACADEMY ADVERTISES ITS POLICY THROUGH SCHOOL PUBLICATIONS, SUCH AS THE ADMISSIONS BROCHURE AND A NEWSLETTER AND THROUGH ITS WEBSITE. IN ALL OF THESE AVENUES OF ADVERTISEMENT THE FOLLOWING STATEMENT APPEARS: "FRANKLIN ACADEMY DOES NOT DISCRIMINATE ON THE BASIS OF RACE, RELIGION, GENDER, ORIENTATION, OR NATIONAL ORIGIN IN ITS EDUCATIONAL PROGRAMS, ADMISSION AND HIRING POLICIES, OR ANY OF ITS SCHOOL ACTIVITIES."	ExplanationTxt

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

Field	Value	IRS element (for citing)
Event1	SCHOOL AUCTION	Event1Nm
Gross Receipts Event1	$20,466	GrossReceiptsEvent1Amt
Gross Revenue Event1	$20,466	GrossRevenueEvent1Amt
Gross Receipts Total	$20,466	GrossReceiptsTotalAmt
Gross Revenue Total Events	$20,466	GrossRevenueTotalEventsAmt
Net Income Summary	$20,466	NetIncomeSummaryAmt

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Discretionary Spending Acct	Yes (X)	DiscretionarySpendingAcctInd
Housing Allowance Or Residence	Yes (X)	HousingAllowanceOrResidenceInd
Written Policy Ref T And E Expnss	Yes (true)	WrittenPolicyRefTAndEExpnssInd
Substantiation Required	Yes (true)	SubstantiationRequiredInd
Board Or Committee Approval	Yes (X)	BoardOrCommitteeApprovalInd
Severance Payment	false	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	false	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	false	EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org	false	CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs	false	CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org	false	CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs	false	CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments	false	AnyNonFixedPaymentsInd
Initial Contract Exception	false	InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp

Field	Value	IRS element (for citing)
Person	A FRED WEISSBACH	PersonNm
Title	HEAD OF SCHOOL	TitleTxt
Base Compensation Filing Org	$201,550	BaseCompensationFilingOrgAmt
Deferred Compensation Flng Org	$5,903	DeferredCompensationFlngOrgAmt
Nontaxable Benefits Filing Org	$14,185	NontaxableBenefitsFilingOrgAmt
Total Compensation Filing Org	$221,638	TotalCompensationFilingOrgAmt

Schedule L IRS990ScheduleL

Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp

Field	Value	IRS element (for citing)
Person	ESTATE OF E WEISSBACH	PersonNm
Relationship With Org	HEADMASTER'S MOTHER	RelationshipWithOrgTxt
Loan Purpose	SHORT TERM FUNDING	LoanPurposeTxt
Loan To Organization	Yes (X)	LoanToOrganizationInd
Original Principal	$100,000	OriginalPrincipalAmt
Balance Due	$100,000	BalanceDueAmt
Default	false	DefaultInd
Board Or Committee Approval	false	BoardOrCommitteeApprovalInd
Written Agreement	Yes (true)	WrittenAgreementInd

Field	Value	IRS element (for citing)
Total Balance Due	$100,000	TotalBalanceDueAmt

Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (2 entries)

Relationship DescriptionRelationshipDescriptionTxt	TransactionTransactionAmt	TransactionTransactionDesc	Sharing Of RevenuesSharingOfRevenuesInd
FRED WEISSBACH
KEY EMPLOYEE	$86,100	RENTAL OF PROPERTY	false
JOSH WEISSBACH
FAMILY MEMBER	$45,850	EMPLOYMENT	false

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	SCHEDULE L, PART V	FormAndLineReferenceDesc
Explanation	PART IV: BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS: (1) THE HEADMASTER, A. FRED WEISSBACH, WAS COMPENSATED 86,100 FOR THREE HOUSES HE RENTED TO THE SCHOOL. THESE PROPERTIES INCLUDED THREE HOMES, 50 ACRES OF LAND, A POND AND A BARN. ALL WERE AVAILABLE FOR THE EXCLUSIVE USE OF THE SCHOOL. (2) JOSH WEISSBACH IS A FAMILY MEMBER OF THE HEADMASTER, A. FRED WEISSBACH	ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990 - ORGANIZATION'S MISSION	FRANKLIN ACADEMY IS AN ACCREDITED COLLEGE PREPARATORY BOARDING SCHOOL, SERVING BOYS AND GIRLS IN GRADES 8-12. FRANKLIN CREATES A COMMUNITY- FOCUSED BOARDING AND DAY SCHOOL WHERE STUDENTS WITH UNIQUE LEARNING STYLES DEVELOP AND STRENGTHEN ACADEMIC AND SOCIAL COMPETENCIES VITAL TO THE PURSUIT OF COLLEGE GOALS, PROFESSIONAL ASPIRATIONS, AND FULFILLING LIVES.
FORM 990, PAGE 6, PART VI, LINE 11B	THE FORM 990 IS REVIEWED BY THE ENTIRE BOARD OF TRUSTEES PRIOR TO THE FILING OF THE RETURN.
FORM 990, PAGE 6, PART VI, LINE 12C	REGULAR MEETINGS ARE HELD WHERE THIS ISSUE CAN BE DISCUSSED.
FORM 990, PAGE 6, PART VI, LINE 15A	COMPENSATION DECISIONS ARE DETERMINED BY THE BOARD.
FORM 990, PAGE 6, PART VI, LINE 15B	COMPENSATION DECISIONS ARE DETERMINED BY THE BOARD.
FORM 990, PAGE 6, PART VI, LINE 19	THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.