Civic Intelligence

Franklins Promise Coalition Incorporated

990 • Fiscal year 2020 • EIN 30-0115977

Jul 01, 2019 to Jun 30, 2020 • Filed on May 31, 2021

60 Island DriveEastpoint, FL 32328

(850) 323-0515

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

40th percentile

0.05x

Higher debt load relative to assets than 40% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

23rd percentile

0.01x

Higher debt load relative to revenue than 23% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

77th percentile

24%

Higher net margin than 77% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Assets

$479,467

No earlier filing loaded for comparison.

Net Assets

$456,419

No earlier filing loaded for comparison.

Liabilities

$23,048

No earlier filing loaded for comparison.

Revenue

$1,641,323

No earlier filing loaded for comparison.

Expenses

$1,250,702

No earlier filing loaded for comparison.

Net Income

$390,621

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2020: $479,467Liabilities 2020: $23,048Net Assets 2020: $456,4192020Assets 2021: $814,198Liabilities 2021: $355,136Net Assets 2021: $459,0622021Assets 2022: $1,013,758Liabilities 2022: $497,714Net Assets 2022: $516,0442022Assets 2023: $1,139,626Liabilities 2023: $606,545Net Assets 2023: $533,0812023

Highlighted filing

2020

Assets$479,467
Liabilities$23,048
Net Assets$456,419

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0Revenue 2020: $1,641,323Expenses 2020: $1,250,702Net Income 2020: $390,6212020Revenue 2021: $1,161,059Expenses 2021: $1,120,537Net Income 2021: $40,5222021Revenue 2022: $2,402,878Expenses 2022: $2,345,896Net Income 2022: $56,9822022Revenue 2023: $2,510,404Expenses 2023: $2,493,367Net Income 2023: $17,0372023

Highlighted filing

2020

Revenue$1,641,323
Expenses$1,250,702
Net Income$390,621
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 31, 2021
Return Version
2019v5.0
Gross Receipts
$1,641,323
Mission and Program Overview

Mission

To provide a forum though which various groups & agencies dealing with concerns in the areas of social services, education, volunteerism and advocacy for the children & families of franklin county fl could come together and strategically plan to enhance the lives of the people of the county.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$50,683$438,184▲ $387,501
Accounts Receivable$8,219$8,219→ $0
Land, Buildings, and Equipment, Net$12,956$7,774▼ $5,182
Total Assets$87,148$479,467▲ $392,319
Other Assets Total$15,290$25,290▲ $10,000
Liabilities
Accounts Payable and Accrued Expenses$1,984$12,470▲ $10,486
Unsecured Notes Loans Payable$18,180$10,578▼ $7,602
Total Liabilities$20,164$23,048▲ $2,884
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$66,984$456,419▲ $389,435
Total Net Assets Fund Balance$66,984$456,419▲ $389,435
Total Liabilities and Net Assets / Fund Balance$87,148$479,467▲ $392,319

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$7,774$23,183$30,957
Other Assets Org$10,000--
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$163,419
Program Service Revenue
$1,476,606
Investment Income
$136
Other Revenue
$1,162
All Other Contributions
$94,202
Change in Net Assets
$390,621
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$923,086
Salaries, Compensation, and Employee Benefits$327,616
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$412,854$71,570-$484,424
Other Salaries and Wages$275,404$28,894-$304,298
Travel$184,430--$184,430
Insurance$40,799$4,480-$45,279
All Other Expenses$40,509$3,052-$43,561
Payroll Taxes$21,068$2,250-$23,318
Office Expenses$4,263$4,824-$9,087
Other Expenses$8,860--$8,860
Depreciation Depletion$5,183--$5,183
Information Technology$2,014$1,794-$3,808
Occupancy$3,762--$3,762
Fees for Services Accounting$1,250$1,250-$2,500
Advertising$1,804$118-$1,922
Fees for Services Legal-$261-$261
Total Functional Expenses$1,132,209$118,493$0$1,250,702
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Copies of form 990 are distributed to board members for review and comment.

Form 990, Page 6, Part VI, Line 12C

Enforcement of conflict of interest policy as necessary.

Form 990, Page 6, Part VI, Line 19

Governing documents made public upon written request at cost of reproduction.

Filing and Contact Details

Filer

Filer Name
Franklins Promise Coalition Inc
EIN
30-0115977
Address
60 ISLAND DRIVE, EASTPOINT, FL 32328

Signing Officer

Name
Beth Brinkley
Title
Vice Chair
Phone
8503230187
Signed
2021-05-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tamara Allen
Voting Board Members
8
Independent Board Members
8
Employees
23
Volunteers
25

Preparer

Firm
Roberson & Associates Pa
Address
116A SAILORS COVE DR, PORT SAINT JOE, FL 32456-1890
Preparer
Ralph C Roberson CPA
Phone
8506531090
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

To provide a forum though which various groups & agencies dealing with concerns in the areas of social services, education, volunteerism and advocacy for the children & families of franklin county fl could come together and strategically plan to enhance the lives of the people of the county.

Form 990, Page 1, Part I, Line 6

Chairs for various committees and volunteer board members.

Form 990, Page 2, Part III, Line 4D

Depreciation on program service equipment

Form 990, Part IX, Line 11G

Conservation corps independent contractors 118,980 0 0 0 0 0 arts projects artists 2,005 0 0 independent contractors 21,750 0 0 0 0 0 conserv. Corps - gulf corps training allowances 232,353 0 0 coalition charges 0 71,570 0 independent contractors 34,229 0 0 background checks 2,166 0 0 training costs 1,371 0 0 total 412,854 71,570 0

Form 990, Part XI, Line 9

Prior year discrepancy -1,186

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IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt015290
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt110000
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0OTHER ASSETS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DEPOSIT ON BUILDING PURCHASE
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt07774
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt023183
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt030957
IRS990ScheduleD/TotalBookValueLandBuildingsAmt07774
IRS990ScheduleD/TotalBookValueOtherAssetsAmt025290
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO PROVIDE A FORUM THOUGH WHICH VARIOUS GROUPS & AGENCIES DEALING WITH CONCERNS IN THE AREAS OF SOCIAL SERVICES, EDUCATION, VOLUNTEERISM AND ADVOCACY FOR THE CHILDREN & FAMILIES OF FRANKLIN COUNTY FL COULD COME TOGETHER AND STRATEGICALLY PLAN TO ENHANCE THE LIVES OF THE PEOPLE OF THE COUNTY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CHAIRS FOR VARIOUS COMMITTEES AND VOLUNTEER BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DEPRECIATION ON PROGRAM SERVICE EQUIPMENT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COPIES OF FORM 990 ARE DISTRIBUTED TO BOARD MEMBERS FOR REVIEW AND COMMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ENFORCEMENT OF CONFLICT OF INTEREST POLICY AS NECESSARY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS MADE PUBLIC UPON WRITTEN REQUEST AT COST OF REPRODUCTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6CONSERVATION CORPS INDEPENDENT CONTRACTORS 118,980 0 0 0 0 0 ARTS PROJECTS ARTISTS 2,005 0 0 INDEPENDENT CONTRACTORS 21,750 0 0 0 0 0 CONSERV. CORPS - GULF CORPS TRAINING ALLOWANCES 232,353 0 0 COALITION CHARGES 0 71,570 0 INDEPENDENT CONTRACTORS 34,229 0 0 BACKGROUND CHECKS 2,166 0 0 TRAINING COSTS 1,371 0 0 TOTAL 412,854 71,570 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7PRIOR YEAR DISCREPANCY -1,186
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 1, PART I, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt087148
IRS990/TotalAssetsEOYAmt0479467
IRS990/TotalAssetsGrp/BOYAmt087148
IRS990/TotalAssetsGrp/EOYAmt0479467
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0163419
IRS990/TotalEmployeeCnt023
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0118493
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01132209
IRS990/TotalFunctionalExpensesGrp/TotalAmt01250702
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt020164
IRS990/TotalLiabilitiesEOYAmt023048
IRS990/TotalLiabilitiesGrp/BOYAmt020164
IRS990/TotalLiabilitiesGrp/EOYAmt023048
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt066984
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0456419
IRS990/TotalOtherProgSrvcExpenseAmt05183
IRS990/TotalProgramServiceExpensesAmt01132209
IRS990/TotalProgramServiceRevenueAmt01476606
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01477904
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01641323
IRS990/TotalVolunteersCnt025
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt087148
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0479467
IRS990/TravelGrp/ProgramServicesAmt0184430
IRS990/TravelGrp/TotalAmt0184430
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt018180
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt010578
IRS990/USAddress/AddressLine1Txt01204 GULF AVE
IRS990/USAddress/CityNm0CARRABELLE
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd032322
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0WWW.FRANKLINSPROMISECOALITION.ORG
IRS990/WhistleblowerPolicyInd0false
ReasonableCauseExplanation/ExplanationTxt0DUE TO EXTENUATING CIRCUMSTANCES BEYOND THE CONTROL OF THE ENTITY THE ACCOUNTING RECORDS WERE NOT COMPLETE AND AVAILABLE TO PREPARE AN ACCURATE FORM 990. THE EXTENUATING CIRCUMSTANCES WERE THE ENTITY'S BOOKKEEPER, FRAN EDWARDS, WAS DIAGNOSED WITH CANCER AND BEGAN TREATMENT. DUE TO THE COVID- 19 PANDEMIC IT WAS NOT POSSIBLE FOR THE BOOKKEEPER TO SEEK ASSISTANCE AND A REPLACEMENT IN TIME TO PRODUCE FINANCIALS FOR THE ACCOUNTANT. THE EFFORT TO GET THE INFORMATION TO THE TAX PREPARER WAS A PRIORITY AND THE TAX PREPARER ATTEMPTED TO COMPLETE THE RETURN IN AS SHORT TIME AS FEASIBLY POSSIBLE. THIS SITUATION HAS BEEN RECTIFIED AS THE TAXPAYER ENTITY HAS FOUND ADEQUATE REPLACEMENT FOR THE BOOKKEEPING POSITION. WE RESPECTFULLY REQUEST ABATEMENT OF ANY PENALTY DUE TO THESE UNUSUAL AND EXTENUATING CIRCUMSTANCES.
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0BETH BRINKLEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0VICE CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum08503230187
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-05-31
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FRANKLINS PROMISE COALITION INC
ReturnHeader/Filer/BusinessNameControlTxt0FRAN
ReturnHeader/Filer/EIN0300115977
ReturnHeader/Filer/USAddress/AddressLine1Txt060 ISLAND DRIVE
ReturnHeader/Filer/USAddress/CityNm0EASTPOINT
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd032328
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0593721216
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ROBERSON & ASSOCIATES PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0116A SAILORS COVE DR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PORT SAINT JOE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0324561890
ReturnHeader/PreparerPersonGrp/PhoneNum08506531090
ReturnHeader/PreparerPersonGrp/PreparationDt02021-05-31
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RALPH C ROBERSON CPA
ReturnHeader/ReturnTs02021-05-31T17:33:48-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-07-01
ReturnHeader/TaxPeriodEndDt02020-06-30
ReturnHeader/TaxYr02019

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