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The Franklin Academy Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 562085431 ✦ Wake forest, NC ✦ Designated as a 501(c)(3)

Overview

What is The Franklin Academy Inc?

The Franklin Academy Inc, based in Wake Forest, North Carolina, is a charter school that provides quality education for students in grades K-12. Established in accordance with North Carolina's Charter Schools Act, this nonprofit organization operates with a mission to engage in charitable and educational purposes, aiming to deliver quality public education. The Franklin Academy Inc offers instruction services and utilizes a facility to accommodate students' learning needs. In addition to educational provisions, they provide nutritional food to students, ensuring a well-rounded learning experience. The organization employs a team of 229 individuals dedicated to fulfilling its purpose.


Official website here: www.franklinacademy.org

Is The Franklin Academy Inc legitimate?

The Franklin Academy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Franklin Academy Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $9,242,711

For more financial information, click here


Official website here: www.franklinacademy.org

What is the mission statement of The Franklin Academy Inc?

The Franklin Academy Inc is dedicated to delivering quality education to students in the K-12 grade level. This charter school, established under North Carolina's General Statutes, focuses on charitable and educational purposes. Its primary goal is to provide public education of the highest standard. The organization is committed to offering instructional services and utilizing facilities for educational purposes, as mandated by the North Carolina Charter Schools Act. Additionally, The Franklin Academy provides nutritional food to its students, ensuring they receive proper nourishment for their learning needs.


Official website here: www.franklinacademy.org

Who is the CEO of The Franklin Academy Inc?

William H Francis Jr is the Chairman of The Franklin Academy Inc.


Official website here: www.franklinacademy.org

What is the revenue of The Franklin Academy Inc?

The Franklin Academy Inc's revenue in 2022 was $17,154,874.


Official website here: www.franklinacademy.org

Who are the executives of The Franklin Academy Inc and what are their salaries?

The average compensation at The Franklin Academy Inc during 2022 was $40,361. There are 229 employees at The Franklin Academy Inc.

Here are 6 key members and their salaries:

    Denise Kent (Head Administrator)
  • Compensation: $138,152
  • Related: $0
  • Other: $0

    • Robert L Luddy (Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Rick Eddins (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Alphonsa C Merritt (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Judy Nunnenkamp (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Bill Francis (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.franklinacademy.org

    Where can I find the form 990 for The Franklin Academy Inc?

    The The Franklin Academy Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.franklinacademy.org

    Learn more at the official website: www.franklinacademy.org

    Mission Statement of The Franklin Academy Inc

    The Franklin Academy Inc, a non-profit organization, is dedicated to delivering quality education to students in grades K-12. Established under the General Statutes of North Carolina, this charter school is committed to charitable and educational purposes. In simple terms, The Franklin Academy endeavors to provide top-tier public education to its students.

    The corporation's primary goal centers around the provision of quality education, and it accomplishes this as a charter school in North Carolina. The school offers instruction services and utilizes facilities for educational purposes, all in accordance with North Carolina charter school regulations. Furthermore, The Franklin Academy takes care of its students' nutritional needs, providing them with food essential for their growth and development.

    The Franklin Academy Inc's mission is twofold. First, it strives to create an environment that fosters learning and academic success for its students. By offering a rigorous and comprehensive curriculum, the school ensures that its students gain the necessary skills and knowledge required to thrive in their future endeavors. Second, The Franklin Academy is deeply invested in the overall well-being of its students. It recognizes that education extends beyond the classroom and encompasses various aspects of a child's development. Consequently, it provides a supportive and nurturing environment that encourages students to explore their interests, build strong relationships, and develop the confidence needed to face the challenges of the world. Overall, The Franklin Academy Inc is a beacon of hope and opportunity for students in need of a quality education, empowering them to reach their full potential and pave the way for a brighter future.

    Impact

    This information is meant to be a general summary of The Franklin Academy Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    The impact of The Franklin Academy Inc is significant in providing a quality education to students in grades K-12 in Wake Forest, North Carolina. As a charter school, it operates with the mission of engaging in charitable and educational purposes to offer quality public education as defined by the North Carolina General Statutes governing charter schools. By providing instruction services, educational facilities, and nutritional food to students, The Franklin Academy Inc plays a vital role in shaping the educational experience and opportunities for its students in the community. Through its focus on education, it contributes to the academic growth and development of students, thereby making a positive impact on their lives and the local education landscape.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $122,151
  • Program Service Revenue: $279,645
  • Gross Receipts: $17,154,874

    • Assets and Liabilities:
  • Total Assets: $23,533,490
  • Total Liabilities: $204,481
  • Net Assets: $23,329,009
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    SCHOOL ACTIVITIES

    Revenue

    $279,645

    Organization Details

    Founding Year

    1997

    Principal Officer

    William H Francis Jr

    Main Address

    604 FRANKLIN STREET, WAKE FOREST, NC, 27587

    NTEE Category

    Code: B24 - Education

    If you are a representative of The Franklin Academy Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.