Franklin Alumni Association & Foundation

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The Franklin Alumni Association & Foundation exists to enhance the educational experience of the students at Franklin High School. We also keep alumni connected with each other and with Franklin High School.

501(c)(3) charity; gifts are tax-deductible.
69¢ of each $1 spent went to programs.
Run by 12 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $8K a year · 9% of revenue · last 5 filings
Concern: a surplus in 2 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
7 mo
of spending, in cash
Plus $706K in investments, Pt X · Ln 11–13
Looks good: 7.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $14K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$157K
+35% vs prior year
Spent
$111K
To programs
69%
Net assets
$774K
By yearFY2020–FY2024
Revenue
$157K
FY2024▲ +35%
Tap a bar for its year
Revenue by fiscal year
FY2020$46K
FY2021$0
FY2022$131K
FY2023$117K
FY2024$157K
Expenses
$111K
FY2024▼ -18%
Tap a bar for its year
Expenses by fiscal year
FY2020$70K
FY2021$77K
FY2022$98K
FY2023$136K
FY2024$111K
Net assets
$774K
FY2024▲ +20%
Tap a bar for its year
Net assets by fiscal year
FY2020$513K
FY2021$597K
FY2022$606K
FY2023$643K
FY2024$774K

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 1998.

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% · $77K Management & general 4% · $4K Fundraising 27% · $30K

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

Something off? Claim to add context

Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
See Franklin Alumni Association & Foundation executive salaries →

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

Connects alumni with their school and enhances student education.

Questions for Franklin Alumni Association & Foundation

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3 programs · $76K · in their own filed words · FY2024
01

Scholarships for post high school education and training for graduating seniors.

$42Kprogram expense
02

FAA&F provides grants to enhance the educational experience of Franklin students. We are committed provide a predictable $30,000 a year to grants each year and then fund other grants as funds are available.

$20Kprogram expense
03

Quaker Times

We mailed out 1300 newsletter to alumni twice in 2023. The newsletter informs alumni about class reunions, feature stories about alumni, and give updates.

$14Kprogram 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
Total grants receivedfrom 1 funder$14K
Grants paid · 5 grants · $175K · 2020–2024
Unitemized GrantFY2024$41,500
Unitemized GrantFY2023$46,153
Unitemized GrantFY2022$29,500
Frankin High SchoolFY2022$17,500
Unitemized GrantFY2020$40,480

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$157K
Ln 12
Gifts and grantsLn 1h$157K
Money outPt IX
$111K
Ln 25
Programscol B$77K
Managementcol C$4K
Fundraisingcol D$30K
Owns and owesPt X
$774K
net assets · Ln 32
Cash and savingsLn 1–2$68K
Total assetsLn 16$774K
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$157K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$58K
Total revenueLn 12$157K
Assets in detailPt X, end of year
CashLn 1$68K
Cash and savings togetherLn 1–2$68K
InvestmentsLn 11–13$706K
Total assetsLn 16$774K
LiabilitiesLn 26$0
Net assetsLn 32$774K
OperationsPt I, VI
EmployeesI 50
VolunteersI 612
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$22K$68K
InvestmentsLn 11–13$621K$706K
Total assetsLn 16$643K$774K
LiabilitiesLn 26$0$0
Net assetsLn 32$643K$774K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$62K$62K
Pay of current officers, directors and key staffLn 5$0
Advertising and promotionLn 12$908$908
Office expensesLn 13$498$498
Information technologyLn 14$1K$1K
Conferences, conventions and meetingsLn 19$259$259
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$45K$15K$723$29K
Total functional expensesLn 25$111K$77K$4K$30K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Apr 22, 2025 $157K$111K$46K$774K 990 PDF
FY2023Filed with the IRS Nov 25, 2024 $117K$136K−$20K$643K 990 PDF
FY2022Filed with the IRS Aug 4, 2023 $131K$98K$33K$606K 990 PDF
FY2021Filed with the IRS Apr 15, 2022 $0$77K−$77K$597K 990 PDF
FY2020Filed with the IRS May 18, 2021 $46K$70K−$23K$513K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $156,952 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $116,548$156,952
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 $116,548$156,952
I-13 Grants and similar amounts paidPrior year $90,695$61,693
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $45,569$49,403
I-18 Total expensesPrior year $136,264$111,096
I-19 Revenue less expensesPrior year −$19,716$45,856
Part VI · Governance 12 of 12 board members independent, 4 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $156,952 across 9 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$9,400
VIII-1c Fundraising events$57,997
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$89,555
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$156,952
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$156,952
Part IX · Statement of functional expenses $111,096 across 8 lines filed
IX-2 Grants to domestic individualsPrograms $61,693$61,693
IX-5 Pay of current officers, directors and key staff$0
IX-12 Advertising and promotionFundraising $908$908
IX-13 Office expensesManagement $498$498
IX-14 Information technologyManagement $1,377$1,377
IX-19 Conferences, conventions and meetingsManagement $259$259
IX-23 InsuranceManagement $1,476$1,476
IX-24 Other expenses (24a–d)Programs $15,424 · Management $723 · Fundraising $28,738$44,885
IX-25 Total functional expensesPrograms $77,117 · Management $4,333 · Fundraising $29,646$111,096
Part X · Balance sheet $773,729 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $22,252$68,114
X-11 Publicly traded securitiesStart of year $621,128$705,615
X-16 Total assetsStart of year $643,380$773,729
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $374,232$507,439
X-28 Net assets with donor restrictionsStart of year $269,148$266,290
X-32 Total net assets or fund balancesStart of year $643,380$773,729
X-33 Total liabilities and net assetsStart of year $643,380$773,729
Part XI · Reconciliation of net assets $773,729 net assets at year end
XI-1 Total revenue$156,952
XI-2 Total expenses$111,096
XI-3 Revenue less expenses$45,856
XI-4 Net assets at start of year$643,380
XI-5 Net unrealized gains (losses) on investments$84,493
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$773,729

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

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