2025-06-06T12:59:16-05:00 2024-07-31 882533599 WERSEN NONPROFIT CPAS LLC 4513 Lakeway Drive Bellingham WA 98229 990 2023-08-01 911434401 The Franklin Academy FRAN 3607331750 1509 E Victor St Bellingham WA 98225 Scott Whitman Treasurer 3607331750 2025-06-06 1 0 Keaton Wersen CPA P01957642 3607709369 X 2023 2025-03-06 01:10:19Z Scott Whitman 1509 E Victor St Bellingham WA 98225 6219787 0 X thefranklin.academy X 2001 WA Provide education integrating STEM, rigor, and leadership while developing character based on timeless values in a close-knit community. 10 10 100 220 0 0 1192650 1222644 3630857 4474727 1928 6205 123284 138646 4948719 5842222 1116719 197866 0 0 3315539 3862544 0 0 143904 1106887 1648357 5539145 5708767 -590426 133455 4682984 5479355 4121096 4886253 561888 593102 Provide education integrating STEM, rigor, and leadership while developing character based on timeless values in a close-knit community. 0 0 4136600 197866 4610851 The Academy's programs include a preschool for children ages 2 1/2 and up, as well as an elementary/middle school for children in grades Kindergarten through 8th grade. The academic programs aim to provide a strong foundation for learning, global citizenship, and a life of significance. The Academy joins other schools and universities that celebrate a love of challenging questions, rigorous inquiry, free expression and service to others.Grants include Academy-funded financial aid to eligible families and discounts to employees. 4136600 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 1 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 1 0 0 0 1 0 0 0 0 1 0 0 0 1 11 0 1 100 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 10 10 1 0 0 0 1 0 0 1 1 0 0 1 1 1 1 0 1 1 1 0 X Anne-Marie Misko-Kennedy 3607331750 1509 E Victor St Bellingham WA 98225 Mai Ha Tung Do President 1.00 0.00 X X 0 0 0 John Mulhern 1st Vice President 1.00 0.00 X X 0 0 0 Sarah Kaiser 2nd Vice President 1.00 0.00 X X 0 0 0 Jennifer Bowles Secretary 1.00 0.00 X X 0 0 0 Scott Whitman Treasurer 1.00 1.00 X X 0 0 0 Tom Jones Board Member 1.00 0.00 X 0 0 0 Matt Conner Board Member 1.00 0.00 X 0 0 0 Nicholas Kaiser Board Member 1.00 1.00 X 0 0 0 Nadia Boulos Board Member 1.00 0.00 X 0 0 0 Greg Stevenson Board Member 1.00 0.00 X 0 0 0 Gretchen Bucsko Head of School 40.00 0.00 X 220471 0 16069 Anne-Marie Misko-Kennedy Director of Finance and Operations 40.00 0.00 X 26946 0 2653 247417 0 18722 1 0 1 0 RAM Construction 4290 Pacific Hwy Bellingham WA 98226 Construction 411362 Cleaning Theory 36 Strawberry Point Ct Bellingham WA 98229 Cleaning 260379 2 778371 444273 237475 1222644 Tuition 611110 4294826 4294826 School programs 611110 157596 157596 Fees 611110 22305 22305 4474727 6205 6205 59192 0 59192 59192 59192 320895 778371 377565 -56670 -56670 Other 611110 136124 136124 136124 5842222 4610851 0 8727 197866 197866 334874 306400 28474 3028457 2345183 632940 50334 37184 25856 11328 134402 112177 18919 3306 327627 243103 79360 5164 3736 3736 23000 23000 232705 153024 79681 29468 29468 30798 30798 693816 521669 163779 8368 63681 47761 15920 70344 45724 17586 7034 Supplies and equipment 276608 244827 27672 4109 Education and teaching 105003 105003 Dues and memberships 22809 12431 2731 7647 Bad debt write-off 10400 10400 85989 81976 4013 5708767 4136600 1428263 143904 2502135 2747003 1799805 2111927 128905 224331 850824 601609 125352 249215 118399 139879 8388 7000 4682984 5479355 90832 426694 4030264 4459559 4121096 4886253 X 130011 -66477 431877 659579 561888 593102 4682984 5479355 133455 15552 -117793 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 118399 21480 139879 110061 8338 118399 125811 -15750 110061 100823 24988 125811 93146 7677 100823 0.00000 0.30350 0.69650 0 0 70125 2203 67922 327994 179562 148432 452705 419844 32861 249215 Part V, Line 4: The endowments are intended to be used for tuition assistance and teacher enrichment expenses. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 Schedule E, Part I, Line 3 Posting on the Academy's public website, sharing in newspapers and broadcast media Gala 1074807 778371 296436 2500 450 7565 24804 2000 337925 Walk-a-thon 24459 0 24459 2321 1099266 778371 320895 2500 450 7565 24804 2000 340246 377565 -56670 1 Tuition discount for staff 16 32000 Tuition assistance 41 165866 Part I, Line 2: Families apply for tuition assistance by providing several pieces of information used to determine eligibility and amount of award. Per employee handbook, tuition discounts are available to employees at 0.75 FTE and each employee is eligibile to receive up to $2,000 per qualifying relative student. Exceptions for staff with an FTE less than 0.75 may be granted at the sole discretion of the Head of School. All tuition assistance and discounts are tracked by management through FACTS tuition management software. X X 0 0 0 0 0 0 0 0 0 Gretchen Bucsko Head of School 160471 0 60000 0 0 0 5113 0 10956 0 236540 0 0 0 Part I, Line 3 Salary for the Head of School is determined and approved by the Executive Committee of the Board. 2000 Discounted tuition Discounted tuition X Auction items 347 237475 FMV 0 0 0 Part I, Column (b): The Organization reports the number of items contributed. Form 990, Part VI, Section A, line 2 Nicholas and Sarah Kaiser have a familial relationship. Form 990, Part VI, Section A, line 6 Parents of students are members of the Academy. Form 990, Part VI, Section B, line 11b The Board assigns responsibility to the Audit Committee to review the Form 990 and make recommendations to the Board to approve the tax return. The Form 990 is provided to all board members prior to filing. Form 990, Part VI, Section B, line 12c The Board monitors possible conflicts of interest and updates all board members annually. Form 990, Part VI, Section B, line 15 The Executive Committee performs a review of the Head of School's salary by reviewing the local market for similiar positions, performance and other factors, and the decision is documented. The top financial officer salary is reviewed by the Head of School and then presented to the board of directors for approval. The compensation is based on the local markets for similar positions, performance and factors. Form 990, Part VI, Section C, line 19 The Academy's governing documents, conflict of interest policy, and financial statements are available upon request. Franklin Force Foundation 1509 E Victor St Bellingham WA 98225 871587326 Support Franklin Academy WA 501(c)(3) Line 12a, I N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0