Civic Intelligence

Williams-Franklin Foundation

990 • Fiscal year 2022 • EIN 47-2756449

Jan 01, 2022 to Dec 31, 2022 • Filed on May 15, 2023

Organization ProfileWWW.WMSFRANKLINFOUNDATION.ORG
4401A Connecticut Ave NW PM301Washington, DC 20008

(202) 352-4353

Siviq Scores

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

Liabilities / Assets

62nd percentile

0.00x

Higher debt load relative to assets than 62% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

61st percentile

0.00x

Higher debt load relative to revenue than 61% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

56th percentile

8.5%

Higher net margin than 56% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

68th percentile

16%

Faster asset growth than 68% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

73rd percentile

50%

Faster revenue growth than 73% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets62nd percentile

Assets

Up

$163,783

Up $22,824 (+16%) from 2021

Net Assets

Up

$163,033

Up $22,074 (+16%) from 2021

Liabilities

$750

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue61st percentileNet Margin56th percentile

Revenue

Up

$269,196

Up $89,767 (+50%) from 2021

Expenses

Up

$246,222

Up $44,510 (+22%) from 2021

Net Income

Up

$22,974

Up $45,257 (+203%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth68th percentile

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

$200K$150K$100K$50K$0Assets 2018: $32,032Liabilities 2018: $0Net Assets 2018: $32,0322018Assets 2019: $95,090Liabilities 2019: $02019Assets 2020: $165,296Net Assets 2020: $165,2962020Assets 2021: $140,959Net Assets 2021: $140,9592021Assets 2022: $163,783Liabilities 2022: $750Net Assets 2022: $163,0332022Assets 2023: $142,491Liabilities 2023: $1,875Net Assets 2023: $140,6162023Assets 2024: $151,964Liabilities 2024: $375Net Assets 2024: $151,5892024

Highlighted filing

2022

Assets$163,783
Liabilities$750
Net Assets$163,033
Open 2022 Filing

Operations Trend

Revenue Growth73rd percentile

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

$400K$300K$200K$100K$0-$100KRevenue 2018: $60,851Expenses 2018: $35,120Net Income 2018: $25,7312018Revenue 2019: $132,470Expenses 2019: $69,412Net Income 2019: $63,0582019Revenue 2020: $177,696Expenses 2020: $107,490Net Income 2020: $70,2062020Revenue 2021: $179,429Expenses 2021: $201,712Net Income 2021: -$22,2832021Revenue 2022: $269,196Expenses 2022: $246,222Net Income 2022: $22,9742022Revenue 2023: $280,238Expenses 2023: $289,316Net Income 2023: -$9,0782023Revenue 2024: $343,189Expenses 2024: $332,557Net Income 2024: $10,6322024

Highlighted filing

2022

Revenue$269,196
Expenses$246,222
Net Income$22,974
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
May 15, 2023
Return Version
2022v5.0
Gross Receipts
$307,789
Mission and Program Overview

Mission

The mission of williams-franklin foundation is to provide academic scholarships, mentoring, internship placement and business networking to kids in the community so they can continue their education.

The mission of the williams-franklin foundation is to provide academic scholarshups, mentoring, internship placement and business networking to college-aged students in communities around the country, to make it possible for them to continue their education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$140,059$163,033▲ $22,974
Cash and Non-Interest-Bearing Accounts$90,122$110,946▲ $20,824
Investments Other Securities$40,837$40,837→ $0
Accounts Receivable$5,000$7,000▲ $2,000
Prepaid Expenses and Deferred Charges$5,000$5,000→ $0
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$140,959$163,783▲ $22,824
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$900$750▼ $150
Total Liabilities$900$750▼ $150
Net Assets / Fund Balance
Total Net Assets Fund Balance$140,059$163,033▲ $22,974
Total Liabilities and Net Assets / Fund Balance$140,959$163,783▲ $22,824
Compensation and Service Providers
Top Officer Pay78th percentile

Board Members and Trustees

NameTitle
Dwight FranklinChairman
Charlotte ReidDirector
Eden Brown GainesDirector
Geena YoungDirector
Keisha MackDirector
Kensei H PhillipsDirector
Kimberly Loder-albrittonDirector
Lakeshia Grant ShephardDirector
Thomas DawsonDirector
Lashelle FranklinExecutive Director
Revenue and Support

Revenue Composition

Contributions and Grants
$192,454
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$76,742
All Other Contributions
$192,454
Change in Net Assets
$22,974
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$246,222
Total Fundraising Expense$42,228
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management-$45,000-$45,000
Advertising-$12,249-$12,249
Office Expenses-$9,069-$9,069
Other Expenses$101,000$7,500$42,228$7,500
All Other Expenses$1,319$5,605-$6,924
Fees for Services Other-$4,200-$4,200
Fees for Services Accounting-$4,200-$4,200
Travel-$712-$712
Total Functional Expenses$102,319$101,675$42,228$246,222
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$115,335
Fundraising Direct Expenses$38,593
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Golf Fundraiser$115,335$115,335$9,300$106,035
Total Events$115,335$115,335$38,593$76,742
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“No review was or will be conducted.”

Form 990, Part VI, Section C, Line 19

“No documents available to the public.”

Filing and Contact Details

Filer

Filer Name
Williams-franklin Foundation
EIN
47-2756449
Phone
2023524353
Address
4401A Connecticut Ave NW PM301, WASHINGTON, DC 20008

Signing Officer

Name
Dwight Franklin
Title
Chairman
Signed
2023-05-15
Discuss with paid preparer
Yes

Organization Details

Legal Domicile
Dc
Voting Board Members
10
Independent Board Members
0
Employees
0

Preparer

Firm
Centric Business Solutions LLC
Address
12138 Central Ave Suite 656, Mitchellville, MD 20721
Preparer
Geena Young
Phone
2028277444
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0179429
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0177696
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0132470
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IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/TotalBookValueSecuritiesAmt040837
IRS990ScheduleG/AgrmtProfFundraisingActyInd0false
IRS990ScheduleG/EmailSolicitationsInd0X
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt038593
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Annual Golf Fundraiser
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0115335
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0115335
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0115335
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0115335
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IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt09300
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt09300
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt029293
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0No review was or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, Line 19
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Mitchellville
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MD
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ReturnHeader/PreparerPersonGrp/PhoneNum02028277444
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$163,783
Liabilities
$750
Net assets
$163,033
Revenue
$269,196
Expenses
$246,222
Net income
$22,974
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.52$0.00$1.52$3.43$3.33$0.11
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.42$0.02$1.41$2.80$2.89$0.09
2022Detailed filing. Detailed filing data is available for this year.$1.64$0.01$1.63$2.69$2.46$0.23
2021Detailed filing. Detailed filing data is available for this year.$1.41$1.41$1.79$2.02$0.22
2020Detailed filing. Detailed filing data is available for this year.$1.65$1.65$1.78$1.07$0.70
2019Summary only. Only limited summary data is available for this year.$0.95$0.00$1.32$0.69$0.63
2018Detailed filing. Detailed filing data is available for this year.$0.32$0.00$0.32$0.61$0.35$0.26