Franklin Learning Academy FY2024 filing

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At FLA, students start with imaginative, hands-on opportunities for early learning, and then mature into a more rigorous curriculum designed to help them achieve academic success. Our highly qualified teachers work closely with each student to reveal their natural talents, differentiate instruction toward individualized learning, and prepare each accordingly for a lifetime of learning.

Form 990 Part I, line 1, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 92-2769459) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
0 of 2
filings with a surplus
Average deficit $344K a year · 80% of revenue · last 2 filings
A surplus in 0 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
100%
of spending
100% of spending went to programs.
Pt IX · Ln 25 · col B
0.2 mo
of spending, in cash
0.2 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$431K
629% of total assets
Liabilities are 629% of assets.
Pt X · Ln 26
Independent board members
5
of 5 voting members
5 of 5 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$319K
Spent
$682K
To programs
100%
Net assets
−$363K
By yearFY2024–FY2025
Revenue
$319K
FY2024
Tap a bar for its year
Revenue by fiscal year
FY2024$319K
FY2025$540K
Expenses
$682K
FY2024
Tap a bar for its year
Expenses by fiscal year
FY2024$682K
FY2025$866K
Net assets
−$363K
FY2024
Tap a bar for its year
Net assets by fiscal year
FY2024−$363K
FY2025−$689K

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

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 2024.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $682K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
Board Chair
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Franklin Learning Academy 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

Provides educational programs for young children in Columbus and Franklin County.

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1 program · $682K · in their own filed words · FY2023
01

Aiming for a flexible, supportive and extended relationship with students and families, we're happy to offer a unique continuum of care. With two educational tracks housed under one roof, our educators lay the foundation for a lifelong love of learning.

Form 990 Part III, line 4, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 92-2769459) · Dispute this line
$682Kprogram expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$319K
Ln 12
Gifts and grantsLn 1h$319K
Money outPt IX
$682K
Ln 25
Programscol B$682K
Owns and owesPt X
−$363K
net assets · Ln 32
Cash and savingsLn 1–2$9K
Total assetsLn 16$69K
LiabilitiesLn 26$431K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$319K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Total revenueLn 12$319K
Assets in detailPt X, end of year
CashLn 1$9K
Cash and savings togetherLn 1–2$9K
Pledges and grants receivableLn 3$8K
Notes and loans receivableLn 7$12K
Land, buildings, equipmentLn 10c$23K
Other assetsLn 15$17K
Total assetsLn 16$69K
LiabilitiesLn 26$431K
Net assetsLn 32−$363K
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$9K
Land, buildings, equipmentLn 10c$23K
Total assetsLn 16$0$69K
LiabilitiesLn 26$0$431K
Net assetsLn 32$0−$363K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$126K$126K
Other employee benefitsLn 9$15K$15K
Management feesLn 11a$45K$45K
Legal feesLn 11b$42K$42K
Accounting feesLn 11c$24K$24K
Other fees for servicesLn 11g$36K$36K
Advertising and promotionLn 12$37K$37K
Office expensesLn 13$43K$43K
OccupancyLn 16$203K$203K
InterestLn 20$7K$7K
Depreciation, depletion and amortizationLn 22$11K$11K
InsuranceLn 23$12K$12K
Other expenses (24a–d)Ln 24$78K$78K$0$0
Total functional expensesLn 25$682K$682K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS May 5, 2026 $540K$866K−$326K−$689K 990 PDF
FY2024 ViewingFiled with the IRS Nov 14, 2024 $319K$682K−$363K−$363K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2024 990
Part I · Summary $318,971 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$318,971
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 $0$318,971
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 $0$140,933
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $0$540,867
I-18 Total expensesPrior year $0$681,800
I-19 Revenue less expensesPrior year $0−$362,829
Part VI · Governance 5 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
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 $318,971 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$318,971
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$318,971
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$318,971
Part IX · Statement of functional expenses $681,800 across 13 lines filed
IX-7 Other salaries and wagesPrograms $125,876$125,876
IX-9 Other employee benefitsPrograms $15,057$15,057
IX-11a Management feesPrograms $45,456$45,456
IX-11b Legal feesPrograms $42,012$42,012
IX-11c Accounting feesPrograms $23,833$23,833
IX-11g Other fees for servicesPrograms $36,498$36,498
IX-12 Advertising and promotionPrograms $37,414$37,414
IX-13 Office expensesPrograms $43,329$43,329
IX-16 OccupancyPrograms $203,274$203,274
IX-20 InterestPrograms $7,441$7,441
IX-22 Depreciation, depletion and amortizationPrograms $11,333$11,333
IX-23 InsurancePrograms $12,495$12,495
IX-24 Other expenses (24a–d)Programs $77,782 · Management $0 · Fundraising $0$77,782
IX-25 Total functional expensesPrograms $681,800 · Management $0 · Fundraising $0$681,800
Part X · Balance sheet $68,546 assets, 13 lines filed
X-1 Cash, non-interest-bearing$8,888
X-3 Pledges and grants receivable$7,857
X-7 Notes and loans receivable$12,151
X-10c Land, buildings and equipment, net$22,665
X-15 Other assets$16,985
X-16 Total assetsStart of year $0$68,546
X-17 Accounts payable and accrued expenses$431,375
X-25 Other liabilities$0
X-26 Total liabilitiesStart of year $0$431,375
X-27 Net assets without donor restrictionsStart of year $0−$362,829
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $0−$362,829
X-33 Total liabilities and net assetsStart of year $0$68,546
Part XI · Reconciliation of net assets −$362,829 net assets at year end
XI-1 Total revenue$318,971
XI-2 Total expenses$681,800
XI-3 Revenue less expenses−$362,829
XI-4 Net assets at start of year$0
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−$362,829

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

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