Public Charity

THE FRANKLIN ACADEMY INC

THE FRANKLIN ACADEMY INC, of WAKE FOREST, NC, is a Public Charity tracked in Imperigo's IRS 990 database. The 2025 filing shows $20.0M in revenue, $17.5M in expenses, $30.1M in total assets. 3 publicly reported grants to this organization, totaling roughly $22K, appear in IRS filings.

EIN: 562085431 WAKE FOREST, NC Latest filing: 2025
Total Revenue$20.0M
Total Expenses$17.5M
Total Assets$30.1M
Grant Records3
Funding Total$22K
Filing Years2021–2025

Mission

THE CORPORATION'S PRIMARY EXEMPT PURPOSE IS TO ENGAGE IN THE CHARITABLE AND EDUCATIONAL PURPOSES OF PROVIDING QUALITY PUBLIC EDUCATION AS A CHARTER SCHOOL CREATED PURSUANT TO THE GENERAL STATUTES OF NORTH CAROLINA ESTABLISHING CHARTER SCHOOLS.

Officers & Directors

DIRECTOR Alphonsa C Merritt
TREASURER Bill Francis
DIRECTOR Brandon Hafner
HEAD ADMINISTRATOR Denise Kent
DIRECTOR Judy Nunnenkamp
DIRECTOR Rick Eddins

Officer compensation and complete director data available with membership.

Top Grant Purposes

TO SUBSIDIZE SCHOOL COSTS.
$22,207 3 grants

Financial Trends

Year Revenue Expenses Assets
2025 $20.0M $17.5M $30.1M
2024 $18.1M $15.6M $27.5M
2023 $16.4M $15.0M $25.0M
2022 $17.2M $14.6M $23.5M
2021 $15.5M $13.6M $21.0M

Between 2021 and 2025, reported annual revenue grew from $15.5M to $20.0M (+30%), with total assets most recently reported at $30.1M.

Interactive year-over-year charts and full filing details available with membership.

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