Nonprofit · EIN 46-1548530
FRANKLIN SCHOOL OF INNOVATION INC
Tax-exempt · ASHEVILLE, NC 28806
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $10,520,926 | $10,784,365 | -$263,439 | $29,227,440 | $24,454,662 | $4,772,778 |
| June 30, 2024 | 990 | $10,681,082 | $10,681,016 | $66 | $29,068,864 | $24,032,647 | $5,036,217 |
| June 30, 2023 | 990 | $10,204,391 | $9,274,415 | $929,976 | $29,145,812 | $24,109,661 | $5,036,151 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $507,692
- of which government grants
- $419,103
- Program service revenue
- $8,754,224
- Investment income
- $0
- Net rental income
- $1,259,010
- Other revenue
- $1,259,010
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $5,038,000
- Salaries, compensation and benefits (total)
- $6,234,943
- Professional fundraising fees
- $0
- Legal fees
- $21,750
- Accounting fees
- $22,677
- Occupancy
- $1,414,679
- Depreciation
- $877,962
- Program services (functional)
- $6,512,759
- Management and general (functional)
- $2,348,278
- Fundraising (functional)
- $1,923,328
Balance sheet and other
- Total assets, start of year
- $29,068,864
- Total assets, end of year
- $29,227,440
- Total liabilities, end of year
- $24,454,662
- Net assets, end of year
- $4,772,778
- Land, buildings and equipment
- $22,212,045
- Net assets without donor restrictions
- $4,772,778
- Gross receipts
- $10,520,926
- Employees
- 142
- Year formed
- 2012
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Elizabeth Russo | Member Trustee or director | 0.75 | $0 |
| Jon Blalock | Secretary Trustee or director, Officer | 1.5 | $0 |
| Jaime Grob-Grinnell | Member Trustee or director | 1 | $0 |
| William Hanson | Treasurer Trustee or director, Officer | 2 | $0 |
| Al Glicksberg | Chair Trustee or director, Officer | 1.5 | $0 |
| Melanie Stowell | Member Trustee or director | 2 | $0 |
| Rebecca Hecht | Member Trustee or director | 1 | $0 |
| Ashley Fisher-tranese | Member Trustee or director | 1 | $0 |
| Jim Davidson | Member Trustee or director | 1 | $0 |
| Anthony Lynch | Member Trustee or director | 1 | $0 |
| Kelly Roark | Treasurer Trustee or director, Officer | 2 | $0 |
| Sonya Strange | Member Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Elizabeth Russo | Member Trustee or director | 0.75 | $0 |
| Jon Blalock | Secretary Trustee or director, Officer | 1.5 | $0 |
| Jaime Grob-Grinnell | Member Trustee or director | 1 | $0 |
| William Hansen | Treasurer Trustee or director, Officer | 2 | $0 |
| Al Glicksberg | Chair Trustee or director, Officer | 1.5 | $0 |
| Melanie Stowell | Member Trustee or director | 2 | $0 |
| Rebecca Hecht | Member Trustee or director | 1 | $0 |
| Ashley Fisher-tranese | Member Trustee or director | 1 | $0 |
| Jim Davidson | Member Trustee or director | 1 | $0 |
| Anthony Lynch | Member Trustee or director | 1 | $0 |
990 for the year ended June 30, 2023: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Elizabeth Russo | Member Trustee or director | 0.75 | $0 |
| Jon Blalock | Secretary Trustee or director, Officer | 1.5 | $0 |
| Jaime Grob-Grinnell | Member Trustee or director | 1 | $0 |
| William Hansen | Treasurer Trustee or director, Officer | 2 | $0 |
| Michael Lepage | Member Trustee or director | 1 | $0 |
| Al Glicksberg | Chair Trustee or director, Officer | 1.5 | $0 |
| Alice Dixson | Member Trustee or director | 0.75 | $0 |
| Allison Sturtevant-Gilliam | Member Trustee or director | 1.5 | $0 |
| Sarah Dickson | Member Trustee or director | 1.5 | $0 |
| Jennifer Berry | Member Trustee or director | 1 | $0 |
| Melanie Stowell | Member Trustee or director | 2 | $0 |
| Rebecca Hecht | Member Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 21 INNOVATION DR, ASHEVILLE, NC 28806-0039
- In care of
- % MICHELLE VRUWINK
- Principal officer (990 for 2024)
- Al Glicksberg, 21 Innovation Drive, Asheville, NC 28806
- Signed the 990
- Al Glicksberg, Board Chair
- Phone
- (828) 318-8140
- Return prepared by
- Rebekah Barr CPA PC
Mission
Operation of a public charter school.
Program accomplishments
- Operation of a charter school in Asheville, North Carolina, serving approximately 718 students for the fiscal year ended June 30, 2025.Expenses $6,512,759
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 46-1548530
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2014
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B29)
- Assets (IRS master file)
- $29,227,440
- Income (IRS master file)
- $10,520,926
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $10,520,926 | $10,784,365 | $29,227,440 | XML |
| 990 | June 2024 | $10,681,082 | $10,681,016 | $29,068,864 | XML |
| 990 | June 2023 | $10,204,391 | $9,274,415 | $29,145,812 | XML |
| 990 | June 2022 | $8,812,791 | $6,787,555 | $29,121,520 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 46-1548530).
Questions about FRANKLIN SCHOOL OF INNOVATION INC
- What is the EIN of FRANKLIN SCHOOL OF INNOVATION INC?
- The employer identification number (EIN) of FRANKLIN SCHOOL OF INNOVATION INC is 46-1548530.
- Is FRANKLIN SCHOOL OF INNOVATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to FRANKLIN SCHOOL OF INNOVATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FRANKLIN SCHOOL OF INNOVATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FRANKLIN SCHOOL OF INNOVATION INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FRANKLIN SCHOOL OF INNOVATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of FRANKLIN SCHOOL OF INNOVATION INC?
- The 990 for the year ended June 30, 2025 names Al Glicksberg.
- Who are the officers and directors of FRANKLIN SCHOOL OF INNOVATION INC?
- The 990 for the year ended June 30, 2025 lists 12 people; 0 received compensation from the organization.
- How much revenue does FRANKLIN SCHOOL OF INNOVATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $10,520,926, expenses of $10,784,365 and total assets of $29,227,440 at year end.
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