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Filing year 2023

THE FRANKLIN ACADEMY INC

East Haddam, Connecticut·EIN 22-3843855·NTEE B20 · Education·501(c)(3)
Total revenue
$7.8M
Total assets
$8.6M
Total expenses
$8.3M
Reported officers
17
Mission

FRANKLIN ACADEMY IS AN ACCREDITED COLLEGE PREPARATORY BOARDING SCHOOL, SERVING BRIGHT STUDENTS IN GRADES 8-12, AND PG. FRANKLIN CREATES A COMMUNITY-FOCUSED BOARDING AND DAY SCHOOL WHERE STUDENTS WITH UNIQUE LEARNING STYLES DEVELOP AND STRENGTHEN ACADEMIC AND SOCIAL COMPETENCIES VITAL TO THE PURSUIT OF COLLEGE GOALS, PROFESSIONAL ASPIRATIONS, AND FULFILLING LIVES.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 4 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at Education organizations in Connecticut.

President
Key Employee
Median to 75th percentilevs Education peers nationwide
$214k
$239k
Base
$202k
Bonus
Other
$6k
Benefits
$837
Operations D
Highest Compensated Employee
25th percentile to median
$146k
$163k
Admissions D
Highest Compensated Employee
25th percentile to median
$138k
$154k
Head of Scho
Highest Compensated Employee
10th to 25th percentile
$132k
$148k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Northeast region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 13 unpaid individuals.

Browse compensation in Education

Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at THE FRANKLIN ACADEMY INC equaled 3% of the organization's total expenses. The median for education organizations is 7%.

This organization (2023)
3%
Sector median
7%
Middle half of sector
2% to 17%

Based on 26,320 education organizations, each measured at its most recent filing year with reported expenses and compensation.

Down 2%
from 2022

From $219k in 2022 to $214k in 2023.

$219k
2022
$214k
2023
In today's dollarsEst.
Down 6% in real terms$253k to $239k

Estimated with BLS CPI-U for the Northeast region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Key Employee pay fell 2% from 2022 to 2023, while revenue fell 8%.

$219k in 2022 to $214k in 2023.
  • Highest Compensated Employee pay rose 10% from 2022 to 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about THE FRANKLIN ACADEMY INC

What does the Key Employee of THE FRANKLIN ACADEMY INC earn?

In 2023, the Key Employee of THE FRANKLIN ACADEMY INC received $214,289 in total compensation. This pay is above the median (the midpoint) for Key Employee roles among Education organizations nationwide, within the top half of comparable filings. Based on IRS Form 990 data.

How does Key Employee pay at THE FRANKLIN ACADEMY INC compare with similar nonprofits?

Compared with the same role at Education organizations nationwide, the 2023 pay of the Key Employee at THE FRANKLIN ACADEMY INC falls between the median and the 75th percentile. In 2023, the highest total compensation at THE FRANKLIN ACADEMY INC equaled 3% of the organization's total expenses. The median for education organizations is 7%.

What are THE FRANKLIN ACADEMY INC's revenue and expenses?

In 2023, THE FRANKLIN ACADEMY INC reported $7.8M in total revenue and $8.3M in total expenses on its IRS Form 990.

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