Nonprofit · EIN 91-1434401
THE FRANKLIN ACADEMY
Tax-exempt · BELLINGHAM, WA 98225
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| July 31, 2025 | 990 | $6,457,104 | $6,034,815 | $422,289 | $6,641,012 | $5,611,481 | $1,029,531 |
| July 31, 2024 | 990 | $5,842,222 | $5,708,767 | $133,455 | $5,479,355 | $4,886,253 | $593,102 |
| July 31, 2023 | 990 | $4,948,719 | $5,539,145 | -$590,426 | $4,682,984 | $4,121,096 | $561,888 |
Financial details: 990 for the year ended July 31, 2025
Revenue
- Contributions, gifts and grants
- $1,357,771
- Program service revenue
- $4,836,872
- Investment income
- $48,204
- Net rental income
- $68,262
- Net income from fundraising events
- $58,276
- Other revenue
- $214,257
Expenses
- Grants and similar amounts paid
- $590,350
- Compensation of officers, directors and key employees
- $344,346
- Other salaries and wages
- $3,287,347
- Salaries, compensation and benefits (total)
- $4,177,671
- Professional fundraising fees
- $0
- Legal fees
- $3,859
- Accounting fees
- $47,400
- Occupancy
- $421,417
- Depreciation
- $66,896
- Program services (functional)
- $4,637,195
- Management and general (functional)
- $1,278,073
- Fundraising (functional)
- $119,547
Balance sheet and other
- Total assets, start of year
- $5,479,355
- Total assets, end of year
- $6,641,012
- Total liabilities, end of year
- $5,611,481
- Net assets, end of year
- $1,029,531
- Land, buildings and equipment
- $358,295
- Publicly traded securities
- $156,590
- Net assets without donor restrictions
- $397,477
- Net assets with donor restrictions
- $632,054
- Gross receipts
- $6,797,476
- Employees
- 106
- Volunteers
- 168
- Year formed
- 2001
- State of legal domicile
- WA
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 July 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Gretchen Bucsko | Head of School Officer | 40 | $179,418 | $19,234 |
| Melanie Hurley | Associate Head of School Highest-paid employee | 40 | $109,835 | $11,631 |
| Anne-Marie Misko-Kennedy | Director of Finance and Op Officer | 40 | $86,599 | $8,290 |
| Matt Conner | President Trustee or director, Officer | 1 | $0 | $0 |
| Sarah Kaiser | 1st Vice President Trustee or director, Officer | 1 | $0 | $0 |
| Nadia Boulos | Secretary Trustee or director, Officer | 1 | $0 | $0 |
| Scott Whitman | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Jennifer Bowles | Board Member Trustee or director | 1 | $0 | $0 |
| Jaime Cleveland | Board Member Trustee or director | 1 | $0 | $0 |
| Nicholas Kaiser | Board Member Trustee or director | 1 | $0 | $0 |
| Kevin Cooley | Board Member Trustee or director | 1 | $0 | $0 |
| Greg Stevenson | Board Member Trustee or director | 1 | $0 | $0 |
| John Mulhern | Board Member Trustee or director | 1 | $0 | $0 |
| Danielle Tandon | Board Member Trustee or director | 1 | $0 | $0 |
| Bassam Boulos | Board Member Trustee or director | 1 | $0 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Tung Mai | Board Member Trustee or director | 1 | $0 |
990 for the year ended July 31, 2024: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Gretchen Bucsko | Head of School Officer | 40 | $220,471 | $16,069 |
| Anne-Marie Misko-Kennedy | Director of Finance and Operations Officer | 40 | $26,946 | $2,653 |
| Mai Ha Tung Do | President Trustee or director, Officer | 1 | $0 | $0 |
| John Mulhern | 1st Vice President Trustee or director, Officer | 1 | $0 | $0 |
| Sarah Kaiser | 2nd Vice President Trustee or director, Officer | 1 | $0 | $0 |
| Jennifer Bowles | Secretary Trustee or director, Officer | 1 | $0 | $0 |
| Scott Whitman | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Tom Jones | Board Member Trustee or director | 1 | $0 | $0 |
| Matt Conner | Board Member Trustee or director | 1 | $0 | $0 |
| Nicholas Kaiser | Board Member Trustee or director | 1 | $0 | $0 |
| Nadia Boulos | Board Member Trustee or director | 1 | $0 | $0 |
| Greg Stevenson | Board Member Trustee or director | 1 | $0 | $0 |
990 for the year ended July 31, 2023: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| GRETCHEN BUCSKO | HEAD OF SCHOOL Officer | 40 | $147,000 | $8,245 |
| CASEY BROCATO | DIRECTOR OF FINANCE AND OP Officer | 40 | $82,462 | $6,308 |
| TUNG MAI HA DO | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| SCOTT WHITMAN | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| SARAH KAISER | 2ND VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| JOHN MULHERN | 1ST VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| MYCHEL CORTESE | MEMBER / PARENT REP Trustee or director | 1 | $0 | $0 |
| NICK KAISER | MEMBER Trustee or director | 1 | $0 | $0 |
| MATT CONNER | MEMBER Trustee or director | 1 | $0 | $0 |
| NADIA BOULOS | MEMBER Trustee or director | 1 | $0 | $0 |
| GREG STEVENSON | MEMBER Trustee or director | 1 | $0 | $0 |
| THOMAS JONES | MEMBER Trustee or director | 1 | $0 | $0 |
| JENNIFER BOWLES | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1509 E VICTOR ST, BELLINGHAM, WA 98225-1639
- Principal officer (990 for 2024)
- Scott Whitman, 1509 E Victor St, Bellingham, WA 98225
- Signed the 990
- Scott Whitman, Treasurer
- Phone
- (360) 733-1750
- Website
- thefranklin.academy
- Return prepared by
- WERSEN NONPROFIT CPAS LLC
Mission
Provide education integrating STEM, rigor, and leadership while developing character based on timeless values in a close-knit community.
Program accomplishments
- 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.Expenses $4,637,195 · grants $590,350 · revenue $4,924,591
What it must file and when
IRS records say it files Not required (religious organization). Its accounting year ends in July, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | July 31, 2026 | December 15, 2026 | Not due yet |
| 2024 | July 31, 2025 | December 15, 2025 | 990 on file |
| 2023 | July 31, 2024 | December 16, 2024 | 990 on file |
IRS record
- EIN
- 91-1434401
- 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
- 2002
- Accounting year ends
- July
- Files
- Not required (religious organization)
- Category (NTEE)
- Education (B20)
- Assets (IRS master file)
- $6,641,012
- Income (IRS master file)
- $6,797,476
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | July 2025 | $6,457,104 | $6,034,815 | $6,641,012 | XML |
| 990 | July 2024 | $5,842,222 | $5,708,767 | $5,479,355 | XML |
| 990 | July 2023 | $4,948,719 | $5,539,145 | $4,682,984 | XML |
| 990 | July 2022 | $4,684,206 | $4,297,610 | $15,628,622 | IRS |
| 990 | July 2021 | – | – | – | IRS |
| 990 | July 2020 | – | – | – | IRS |
| 990 | July 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 91-1434401).
Questions about THE FRANKLIN ACADEMY
- What is the EIN of THE FRANKLIN ACADEMY?
- The employer identification number (EIN) of THE FRANKLIN ACADEMY is 91-1434401.
- Is THE FRANKLIN ACADEMY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
- Are donations to THE FRANKLIN ACADEMY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE FRANKLIN ACADEMY file?
- Form Not required (religious organization).
- When is the next return of THE FRANKLIN ACADEMY due?
- The return for tax year 2025 (the year ending July 31, 2026) is due December 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE FRANKLIN ACADEMY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended July 2025.
- Who is the principal officer of THE FRANKLIN ACADEMY?
- The 990 for the year ended July 31, 2025 names Scott Whitman.
- Who are the officers and directors of THE FRANKLIN ACADEMY?
- The 990 for the year ended July 31, 2025 lists 16 people; 3 received compensation from the organization, the highest $179,418 (Gretchen Bucsko, Head of School).
- How much revenue does THE FRANKLIN ACADEMY have?
- On its 990 for the year ended July 31, 2025 it reported revenue of $6,457,104, expenses of $6,034,815 and total assets of $6,641,012 at year end.
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