Overview
What is Franklin Educational Distributions?
Franklin Educational Distributions is a nonprofit organization dedicated to enhancing educational opportunities, primarily focusing on remedial reading and motivation programs. They extend their support to two primary schools in Arizona, aiming to boost reading skills and foster a love for reading among the students. Their mission involves offering educational assistance to ensure the holistic development of young minds.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star (50%)
Franklin Educational Distributions has received a One-Star out of Four Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The organization scored 50% overall, reflecting a lack of independent board members, as well as missing essential governance documents and policies that contribute to transparency and trustworthiness. While the organization does not have any material diversion of assets, its governance practices raise red flags.
The charity's financial metrics show some strengths, with a program expense ratio of 72.68%, which suggests a substantial portion of funds is being directed toward its programs. Additionally, the liabilities to assets ratio is relatively healthy at 41.51%. However, these positive financial ratios are overshadowed by the organization's deficiencies in governance and documentation, which are critical for ethical and responsible management.
Overall, while Franklin Educational Distributions is allocating a significant amount of its resources to its programs, the severe shortcomings in governance and transparency policies may deter potential donors and stakeholders from supporting the organization. Improvement in these areas is essential for building trust and enhancing its overall rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Franklin Educational Distributions legitimate?
Franklin Educational Distributions is a legitimate nonprofit organization registered as a 501(c)(3) entity. Franklin Educational Distributions submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Franklin Educational Distributions?
Franklin Educational Distributions is dedicated to offering educational support through initiatives focusing on remedial reading and encouraging reading habits. Their activities extend to providing assistance to two primary schools in Arizona. The organization's mission can be inferred as aiming to enhance children's literacy skills and foster a love for reading, ultimately contributing to their overall educational development. Franklin Educational Distributions strives to make a positive impact on students' academic performance and foster a lifelong interest in learning.
Who is the CEO of Franklin Educational Distributions?
Cindy Franklin is the President of Franklin Educational Distributions.
What is the revenue of Franklin Educational Distributions?
Franklin Educational Distributions's revenue in 2022 was $122,486.
Who are the executives of Franklin Educational Distributions and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Franklin Educational Distributions?
Franklin Educational Distributions's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Franklin Educational Distributions
Franklin Educational Distributions, as a nonprofit organization, is dedicated to providing educational support activities. Their mission revolves around implementing remedial reading programs and fostering a love for reading within students. This mission is translated into action through the support of two primary schools in Arizona. By offering these programs, Franklin Educational Distributions aims to enhance the academic performance and reading abilities of the students, ultimately contributing to their overall educational success.
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Impact
October, 2024
Franklin Educational Distributions significantly enhances literacy and learning opportunities for students in Prescott, Arizona. By focusing on remedial reading and reading encouragement programs, they address critical gaps in educational support, particularly for those who may struggle with reading skills. Their initiatives benefit two primary schools, fostering a supportive environment that not only improves academic performance but also instills a love for reading among young learners.
The impact is seen in enhanced literacy rates, increased student confidence, and a stronger foundation for future learning. By prioritizing educational support, Franklin Educational Distributions plays a vital role in shaping the academic success and overall development of children in the local community, promoting lifelong learning and critical thinking skills essential for their future endeavors.
This information is meant to be a general summary of Franklin Educational Distributions. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $156
- Gross Receipts: $170,256
Assets and Liabilities:
- Total Assets: $1,017,529
- Total Liabilities: $422,381
- Net Assets: $595,148
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Organization Details
Principal Officer
Cindy Franklin
Main Address
880 BRYCE CANYON DR, PRESCOTT, AZ, 86303
NTEE Category
Code: B92 - Education
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