Franklin Road Academy
Franklin Road Academy reported $42.0 million in revenue and $33.8 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $89.92 went to program services, $6.55 to management and general costs and $3.53 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 80.4% of the total. The highest compensation it reported for one person was $732,153 (HEAD OF SCHOOL). 18 people received more than $100,000 in reportable compensation. Revenue rose 55% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $34MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $42MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 89.9% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 6.6% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 3.5% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.16 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 18.0% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 80.4% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $732,153 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 2.17% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 18 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 27.8 | 13.3 |
| Independent voting board members Part VI 1a–1b | 22 of 22 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseInstructional & student activities - education for grades pre k-12 for approximately 1,000 students, instruction for athletics, band, day care and day camp, and auxiliary activities (cafeteria, concessions for athletic events, annual, bookstore and special student activities)
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| HEAD OF SCHOOL Officer, 60.00 hrs/week | $697,075 | $0 | $35,078 | $732,153 |
| ASSISTANT HOS FOR FINANCE AND OPS. Officer, 50.00 hrs/week | $211,466 | $0 | $75,597 | $287,063 |
| ASSISTANT HOS FOR EXTERNAL AFFAIRS Key employee, 50.00 hrs/week | $182,736 | $0 | $56,742 | $239,478 |
| HEAD COACH VARSITY FOOTBALL Highest compensated employee, 50.00 hrs/week | $165,160 | $0 | $57,254 | $222,414 |
| ASSISTANT HOS FOR ACADEMIC & STUDENT AFFAIRS Highest compensated employee, 50.00 hrs/week | $160,182 | $0 | $22,433 | $182,615 |
| HEAD OF LOWER SCHOOL Highest compensated employee, 50.00 hrs/week | $158,067 | $0 | $13,046 | $171,113 |
| DIRECTOR OF ATHLETICS Highest compensated employee, 40.00 hrs/week | $153,665 | $0 | $14,873 | $168,538 |
| HEAD OF UPPER SCHOOL Highest compensated employee, 40.00 hrs/week | $143,378 | $0 | $19,272 | $162,650 |
18 people received more than $100,000 in reportable compensation from Franklin Road Academy (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.3M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b22 · 22 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aNo
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5403
- Volunteers Part I, line 6223
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| BRASFIELD & GORRIE General contractor service | $20,181,052 |
| SAGE DINING SERVICES Food service | $1,512,144 |
| GOODRUM CONSTRUCTION General contractor service | $675,284 |
| 4M BUILDING SOLUTIONS INC Janitorial service | $616,547 |
| ANECDOTE Architectural design service | $317,806 |
Individuals listed as contractors are left out. 7 contractors were paid more than $100,000 in all.
Private foundation grants it received
16 private foundations reported grants to Franklin Road Academy totaling $1.1M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Franklin Road Academy's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Franklin Road Academy, you can publish a response that is linked from this page.
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Of every $100 Franklin Road Academy spent in FY2025, $89.92 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Bethel UniversityMishawaka, IN · revenue $42M · programs 88.6% · FY2025
- West Virginia University Medical CorpCharleston, WV · revenue $42M · programs 99.7% · 2023
- Ursuline CollegePepper Pike, OH · revenue $42M · programs 90.8% · FY2025
- Carlos Albizu UniversitySan Juan, PR · revenue $42M · programs 52.0% · FY2025
- Westminster Christian Private SchoolMiami, FL · revenue $42M · programs 87.3% · FY2025
Questions people ask
How much of Franklin Road Academy's spending goes to programs?
In the fiscal year ending June 30, 2025, Franklin Road Academy reported that 89.9% of its $33.8 million in expenses went to program services, 6.6% to management and general and 3.5% to fundraising (Form 990, Part IX).
How much does Franklin Road Academy pay its top executive?
The largest total compensation Franklin Road Academy reported for one person in the fiscal year ending June 30, 2025 was $732,153, for the role of HEAD OF SCHOOL (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Franklin Road Academy get its money?
Of $42.0 million in revenue in the fiscal year ending June 30, 2025, 18.0% came from contributions and grants and 80.4% from program service revenue (Form 990, Part VIII).
Is Franklin Road Academy a registered charity?
The IRS lists EIN 62-1138075 as a 501(c)(3) organization (school), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202621329349305527 · read the filing
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202511209349301951 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202441319349304214 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202341229349302419 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202231229349301603 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202111379349305991 · read the filing
All filings for EIN 62-1138075: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.