Franklin Center FY2024 filing

Tax-deductible

Golden Valley, MN501(c)(3)Since 2004EducationEIN 16-1671503Revenue $7.3M in FY2024

On file with the IRSacademyofwholelearning.org1001 Boone Ave N, 55427-4436 · Golden Valley, MNTax-exempt since Jun 2004School — 170(b)(1)(A)(ii)

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At academy of whole learning, our mission is to provide a personalized learning path integrating social, academic and life skills for students and clients with autism spectrum disorder and individual learning needs.

501(c)(3) charity; gifts are tax-deductible.
69¢ of each $1 spent went to programs.
$319K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $2.8M a year · 30% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
69%
of spending
Fine: 69% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$319K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.5 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
6
named funders · $558K
Looks good: 6 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$3.0M
16% of total assets
Looks good: liabilities are 16% of assets; 50% or less.
Pt X · Ln 26
Independent board members
17
of 17 voting members
Looks good: 17 of 17 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$7.3M
-11% vs prior year
Spent
$7.9M
To programs
69%
Net assets
$15.9M
By yearFY2021–FY2025
Revenue
$7.3M
FY2024▼ -11%
Tap a bar for its year
Revenue by fiscal year
FY2021$11.1M
FY2022$11.0M
FY2023$8.2M
FY2024$7.3M
FY2025$8.8M
Expenses
$7.9M
FY2024▲ +23%
Tap a bar for its year
Expenses by fiscal year
FY2021$3.9M
FY2022$5.2M
FY2023$6.4M
FY2024$7.9M
FY2025$9.3M
Net assets
$15.9M
FY2024▼ -3%
Tap a bar for its year
Net assets by fiscal year
FY2021$9.3M
FY2022$15.1M
FY2023$16.4M
FY2024$15.9M
FY2025$15.4M

From the FY2024 Form 990 (year ending July 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 2004.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

69 cents of each dollar spent went to programs.

Program services 69% · $5.4M Management & general 25% · $2.0M Fundraising 6% · $468K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

19 people listed on the 990; $319K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Executive Di
$195,900Pt VII · Sec A
Finance Dire
$123,377Pt VII · Sec A
Governance C
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A

Katherine Snow’s $205K as Executive Di is at the 83rd percentile of top reported officer pay among 3394 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Katherine Snow$205,314$195,900$74,519——
Molly Tellijohn$147,078$123,377———
Wyayn Rasmussen——$133,842$128,255$117,273
Andrew Coursin$117,980————
Kimberly Strandemo$109,774————
Kathleen Thormodsgaard$102,650————
Martin Aschenbrener——$82,783$49,917—
Allison Barosko——$31,016——

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Offers personalized learning integrating social, academic, and life skills for individuals with autism and learning needs.

Provided by the organization

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3 programs · $5.4M · in their own filed words · FY2023
01

Franklin Therapy

We are credentialed with several major insurance companies, including health partners locally and cigna nationally. We are certified through the minnesota department of human services, which means that we can provide services to clients who are eligible for state medical assistance.

$2.4Mprogram expense
02

Franklin Academy

We have continued to align our curriculum to assessments, analyzing various tools to make sure we're keeping up with state standards while meeting the need for individualization. Using our proprietary rubric assessment tool for school skills, we developed specific social-emotional goals for each student (tracked monthly), demonstrating…

$2.3Mprogram expense
03

Franklin Capstone

Our audit program helps pinpoint the areas for growth necessary to help young adults 18-28 with asd and other neurodiversities live their more independent, productive, and self- actualized lives.

$676Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 6 funders →
Grants paid · 5 grants · $1.9M · 2020–2024
Unitemized GrantFY2024$480,290
Unitemized GrantFY2023$439,118
Unitemized GrantFY2022$357,500
Unitemized GrantFY2021$345,825
Unitemized GrantFY2020$310,815

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$7.3M
Ln 12
Fees for servicesLn 2g$6.4M
Gifts and grantsLn 1h$671K
Other incomeLn 4–11$89K
Money outPt IX
$7.9M
Ln 25
Programscol B$5.4M
Managementcol C$2.0M
Fundraisingcol D$468K
Owns and owesPt X
$15.9M
net assets · Ln 32
Cash and savingsLn 1–2$1.6M
Total assetsLn 16$18.9M
LiabilitiesLn 26$3.0M
PeoplePt VI, VII
19
listed · VII A
PaidVII A2
Voting boardVI 1a17
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$671K
Noncash giftsLn 1g$33K
Fees for servicesLn 2g$6.4M
Investment incomeLn 3$88K
Other incomeLn 4–11$89K
Gains on assetsLn 7−$886
Total revenueLn 12$7.3M
Assets in detailPt X, end of year
CashLn 1$588K
SavingsLn 2$1.0M
Cash and savings togetherLn 1–2$1.6M
InvestmentsLn 11–13$777K
Land, buildings, equipmentLn 10c$14.1M
Total assetsLn 16$18.9M
LiabilitiesLn 26$3.0M
Net assetsLn 32$15.9M
OperationsPt I, VI
EmployeesI 558
VolunteersI 660
Fiscal year endsHeaderJuly
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$2.5M$1.6M
InvestmentsLn 11–13$701K$777K
Land, buildings, equipmentLn 10c$10.2M$14.1M
Total assetsLn 16$17.7M$18.9M
LiabilitiesLn 26$1.3M$3.0M
Net assetsLn 32$16.4M$15.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$439K$439K
Pay of current officers, directors and key staffLn 5$241K$184K$47K$11K
Other salaries and wagesLn 7$4.6M$3.5M$878K$202K
Pension plan contributionsLn 8$91K$53K$32K$5K
Other employee benefitsLn 9$337K$263K$63K$12K
Payroll taxesLn 10$380K$296K$68K$17K
Legal feesLn 11b$5K$5K
Accounting feesLn 11c$26K$26K
Other fees for servicesLn 11g$296K$98K$129K$68K
Advertising and promotionLn 12$86K$86K
Office expensesLn 13$200K$106K$51K$43K
Information technologyLn 14$180K$131K$37K$12K
OccupancyLn 16$295K$188K$97K$10K
InterestLn 20$148K$148K
Depreciation, depletion and amortizationLn 22$403K$403K
InsuranceLn 23$44K$31K$11K$2K
Other expenses (24a–d)Ln 24$108K$102K$5K$285
Total functional expensesLn 25$7.9M$5.4M$2.0M$468K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $8.8M$9.3M−$518K$15.4M 990 PDF
FY2024 Viewing $7.3M$7.9M−$572K$15.9M 990 PDF
FY2023 $8.2M$6.4M$1.8M$16.4M 990 PDF
FY2022 $11.0M$5.2M$5.8M$15.1M 990 PDF
FY2021 $11.1M$3.9M$7.3M$9.3M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $7,279,036 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,246,082$670,725
I-9 Program service revenuePrior year $5,777,223$6,432,103
I-10 Investment incomePrior year $110,517$87,558
I-11 Other revenuePrior year $16,267$88,650
I-12 Total revenuePrior year $8,150,089$7,279,036
I-13 Grants and similar amounts paidPrior year $357,500$439,118
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $4,616,208$5,619,771
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,393,855$1,791,935
I-18 Total expensesPrior year $6,367,563$7,850,824
I-19 Revenue less expensesPrior year $1,782,526−$571,788
Part VI · Governance 17 of 17 board members independent, 1 to look at
VI-1a Voting members of the governing body17
VI-1b Independent voting members17
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $7,279,036 across 8 lines filed
VIII-1f All other contributions, gifts and grants$670,725
VIII-1g Noncash contributions (included above)$32,524
VIII-1h Total contributions, gifts and grants$670,725
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $6,432,103$6,432,103
VIII-3 Investment incomeExcluded from tax $88,444$88,444
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$886−$886
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $88,650$88,650
VIII-12 Total revenueRelated to mission $6,432,103 · Excluded from tax $176,208$7,279,036
Part IX · Statement of functional expenses $7,850,824 across 17 lines filed
IX-2 Grants to domestic individualsPrograms $439,118$439,118
IX-5 Pay of current officers, directors and key staffPrograms $183,852 · Management $46,678 · Fundraising $10,517$241,047
IX-7 Other salaries and wagesPrograms $3,490,638 · Management $878,277 · Fundraising $201,610$4,570,525
IX-8 Pension plan contributionsPrograms $53,349 · Management $32,450 · Fundraising $4,960$90,759
IX-9 Other employee benefitsPrograms $262,646 · Management $63,004 · Fundraising $11,558$337,208
IX-10 Payroll taxesPrograms $295,836 · Management $67,837 · Fundraising $16,559$380,232
IX-11b Legal feesManagement $4,770$4,770
IX-11c Accounting feesManagement $26,000$26,000
IX-11g Other fees for servicesPrograms $98,446 · Management $129,487 · Fundraising $68,319$296,252
IX-12 Advertising and promotionFundraising $86,409$86,409
IX-13 Office expensesPrograms $105,579 · Management $51,435 · Fundraising $42,810$199,824
IX-14 Information technologyPrograms $130,758 · Management $37,160 · Fundraising $12,259$180,177
IX-16 OccupancyPrograms $188,395 · Management $96,585 · Fundraising $10,484$295,464
IX-20 InterestManagement $148,100$148,100
IX-22 Depreciation, depletion and amortizationManagement $403,031$403,031
IX-23 InsurancePrograms $30,759 · Management $11,298 · Fundraising $1,965$44,022
IX-24 Other expenses (24a–d)Programs $102,236 · Management $5,365 · Fundraising $285$107,886
IX-25 Total functional expensesPrograms $5,381,612 · Management $2,001,477 · Fundraising $467,735$7,850,824
Part X · Balance sheet $18,854,617 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $495,668$588,249
X-2 Savings and temporary cash investmentsStart of year $1,988,485$1,035,252
X-3 Pledges and grants receivableStart of year $3,926,269$1,835,926
X-4 Accounts receivableStart of year $293,814$460,725
X-9 Prepaid expenses and deferred chargesStart of year $83,324$87,738
X-10c Land, buildings and equipment, netStart of year $10,193,382$14,069,962
X-11 Publicly traded securitiesStart of year $701,144$776,765
X-16 Total assetsStart of year $17,682,086$18,854,617
X-17 Accounts payable and accrued expensesStart of year $271,327$260,107
X-19 Deferred revenueStart of year $630,873$579,127
X-26 Total liabilitiesStart of year $1,279,560$2,966,053
X-27 Net assets without donor restrictionsStart of year $12,471,256$13,927,638
X-28 Net assets with donor restrictionsStart of year $3,931,270$1,960,926
X-32 Total net assets or fund balancesStart of year $16,402,526$15,888,564
X-33 Total liabilities and net assetsStart of year $17,682,086$18,854,617
Part XI · Reconciliation of net assets $15,888,564 net assets at year end
XI-1 Total revenue$7,279,036
XI-2 Total expenses$7,850,824
XI-3 Revenue less expenses−$571,788
XI-4 Net assets at start of year$16,402,526
XI-5 Net unrealized gains (losses) on investments$57,826
XI-10 Net assets at end of year$15,888,564

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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