Franklinton Prep High School FY2024 filing

Tax-deductible

Columbus, OH501(c)(3)EducationEIN 84-4958022Revenue $4.2M in FY2024

On file with the IRS40 Chicago Ave, 43222-1132 · Columbus, OHTax-exempt since Mar 2021School — 170(b)(1)(A)(ii)

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Franklinton Prep High School is a unique high school serving students ages 15-21 who have been failed by traditional schools.

501(c)(3) charity; gifts are tax-deductible.
96¢ of each $1 spent went to programs.
$5K 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
2 of 5
filings with a surplus
Average surplus $123K a year · 4% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$5K
to officers and key staff · 0.1% of spending
Looks good: pay to officers and key staff is 0% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Looks good: 3.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$2.3M
93% of total assets
Concern: liabilities are 93% of assets; over 80%.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.2M
+57% vs prior year
Spent
$3.4M
To programs
96%
Net assets
$183K
By yearFY2021–FY2025
Revenue
$4.2M
FY2024▲ +57%
Tap a bar for its year
Revenue by fiscal year
FY2021$1.6M
FY2022$2.0M
FY2023$2.7M
FY2024$4.2M
FY2025$4.0M
Expenses
$3.4M
FY2024▲ +27%
Tap a bar for its year
Expenses by fiscal year
FY2021$1.8M
FY2022$2.3M
FY2023$2.7M
FY2024$3.4M
FY2025$3.6M
Net assets
$183K
FY2024▲ +131%
Tap a bar for its year
Net assets by fiscal year
FY2021−$227K
FY2022−$565K
FY2023−$590K
FY2024$183K
FY2025$615K

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

Form 990 (PDF) Claim
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 Mar 2021.

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

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $3.3M Management & general 4% · $150K

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

6 people listed on the 990; $5K 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
Board Member
$1,000Pt VII · Sec A
Board President
$1,000Pt VII · Sec A
Board Member
$1,000Pt VII · Sec A
$750Pt VII · Sec A
Board Member
$750Pt VII · Sec A
Board Member
$125Pt VII · Sec A

Melissa Malin’s $1K as Board Member is at the 0th percentile of top reported officer pay among 3395 $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
Dedra Hurst$875$1,000$875$1,250$1,125
Heather Simonis$875$1,000$875$1,125$625
Kimberly Stuckenbrock$750$750$675$1,125$1,000
Melissa Malin$1,000$1,000$1,000——
Jacob Shelton$625$750$675——
Kelly Ogden—$125$375$750$500
Robin Jackson———$625$500
Nicholas Mano————$375

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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Educates and supports young adults aged 15-21 who need a second chance at high school.

Questions for Franklinton Prep High School

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Provided by the organization

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1 program · $3.3M · in their own filed words · FY2023
01

At our school, we're committed to providing students with a high quality education. We go beyond Ohio's state standards, earning national accreditation from AdvancED for our sustained commitment to continuous improvement and student outcomes.

$3.3Mprogram expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$4.2M
Ln 12
Gifts and grantsLn 1h$4.2M
Money outPt IX
$3.4M
Ln 25
Programscol B$3.3M
Managementcol C$150K
Owns and owesPt X
$183K
net assets · Ln 32
Cash and savingsLn 1–2$951K
Total assetsLn 16$2.5M
LiabilitiesLn 26$2.3M
PeoplePt VI, VII
6
listed · VII A
PaidVII A6
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4.2M
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Total revenueLn 12$4.2M
Assets in detailPt X, end of year
CashLn 1$951K
Cash and savings togetherLn 1–2$951K
Land, buildings, equipmentLn 10c$223K
Other assetsLn 15$1.2M
Total assetsLn 16$2.5M
LiabilitiesLn 26$2.3M
Net assetsLn 32$183K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
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$69K$951K
Land, buildings, equipmentLn 10c$51K$223K
Total assetsLn 16$1.5M$2.5M
LiabilitiesLn 26$2.0M$2.3M
Net assetsLn 32−$590K$183K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$1.0M$1.0M
Other employee benefitsLn 9$459K$459K
Management feesLn 11a$716K$716K
Legal feesLn 11b$42K$42K
Accounting feesLn 11c$40K$40K
Other fees for servicesLn 11g$343K$343K
Advertising and promotionLn 12$50K$50K
OccupancyLn 16$150K$150K
InterestLn 20$22K$22K
Depreciation, depletion and amortizationLn 22$218K$218K
InsuranceLn 23$17K$17K
Other expenses (24a–d)Ln 24$326K$217K$108K$0
All other expensesLn 24e$7K$7K
Total functional expensesLn 25$3.4M$3.3M$150K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $4.0M$3.6M$432K$615K 990 PDF
FY2024 Viewing $4.2M$3.4M$772K$183K 990 PDF
FY2023 $2.7M$2.7M−$24K−$590K 990 PDF
FY2022 $2.0M$2.3M−$338K−$565K 990 PDF
FY2021 $1.6M$1.8M−$227K−$227K 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 $4,205,231 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,680,374$4,205,231
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $2,680,374$4,205,231
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,277,037$1,501,732
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,427,675$1,931,222
I-18 Total expensesPrior year $2,704,712$3,432,954
I-19 Revenue less expensesPrior year −$24,338$772,277
Part VI · Governance 6 of 6 board members independent, 1 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $4,205,231 across 9 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$4,205,231
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$4,205,231
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$4,205,231
Part IX · Statement of functional expenses $3,432,954 across 13 lines filed
IX-7 Other salaries and wagesPrograms $1,043,041$1,043,041
IX-9 Other employee benefitsPrograms $458,691$458,691
IX-11a Management feesPrograms $716,070$716,070
IX-11b Legal feesManagement $42,000$42,000
IX-11c Accounting feesPrograms $40,400$40,400
IX-11g Other fees for servicesPrograms $343,373$343,373
IX-12 Advertising and promotionPrograms $50,160$50,160
IX-16 OccupancyPrograms $150,065$150,065
IX-20 InterestPrograms $21,662$21,662
IX-22 Depreciation, depletion and amortizationPrograms $218,078$218,078
IX-23 InsurancePrograms $16,590$16,590
IX-24 Other expenses (24a–d)Programs $217,243 · Management $108,465 · Fundraising $0$325,708
IX-24e All other expensesPrograms $7,116$7,116
IX-25 Total functional expensesPrograms $3,282,489 · Management $150,465 · Fundraising $0$3,432,954
Part X · Balance sheet $2,490,741 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $68,573$951,277
X-3 Pledges and grants receivableStart of year $161,622$60,586
X-4 Accounts receivableStart of year $19,581$42,571
X-10c Land, buildings and equipment, netStart of year $51,291$222,727
X-15 Other assetsStart of year $1,158,570$1,213,580
X-16 Total assetsStart of year $1,459,637$2,490,741
X-17 Accounts payable and accrued expensesStart of year $509,993$396,785
X-25 Other liabilitiesStart of year $1,539,290$1,911,325
X-26 Total liabilitiesStart of year $2,049,283$2,308,110
X-27 Net assets without donor restrictionsStart of year −$589,646$182,631
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year −$589,646$182,631
X-33 Total liabilities and net assetsStart of year $1,459,637$2,490,741
Part XI · Reconciliation of net assets $182,631 net assets at year end
XI-1 Total revenue$4,205,231
XI-2 Total expenses$3,432,954
XI-3 Revenue less expenses$772,277
XI-4 Net assets at start of year−$589,646
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$182,631

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

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