Civic Intelligence

Franklinton Economic Development Foundation Inc

990 • Fiscal year 2014 • EIN 72-1182299

Nov 01, 2013 to Oct 31, 2014 • Filed on Feb 10, 2015

Organization ProfileWWW.FRANKLINTONAREA.COM
526 11th Ave70438

(985) 839-4413

Siviq Scores

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

Liabilities / Assets

12th percentile

0.00x

Higher debt load relative to assets than 12% of similar nonprofits.

2014 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

17th percentile

0.01x

Higher debt load relative to revenue than 17% of similar nonprofits.

2014 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2014

Net Margin

95th percentile

34%

Higher net margin than 95% of similar nonprofits.

2014 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

21st percentile

$0

Higher top officer pay than 21% of similar nonprofits.

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

2014 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2014

Asset Growth

49th percentile

3.5%

Faster asset growth than 49% of similar nonprofits.

2014 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

71st percentile

10%

Faster revenue growth than 71% of similar nonprofits.

2014 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets12th percentile

Assets

Up

$1,018,700

Up $34,754 (+3.5%) from 2013

Net Assets

Up

$1,017,201

Up $39,036 (+4.0%) from 2013

Liabilities

Down

$1,499

Down $4,282 (-74%) from 2013

Revenue And Expenses
Liabilities / Revenue17th percentileNet Margin95th percentile

Revenue

Up

$114,302

Up $10,678 (+10%) from 2013

Expenses

Up

$75,266

Up $12,896 (+21%) from 2013

Net Income

Down

$39,036

Down $2,218 (-5.4%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth49th percentile

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

$1.5M$1.0M$500K$0Assets 2011: $1,025,256Liabilities 2011: $1,400Net Assets 2011: $1,023,8562011Assets 2012: $938,411Liabilities 2012: $1,500Net Assets 2012: $936,9112012Assets 2013: $983,946Liabilities 2013: $5,781Net Assets 2013: $978,1652013Assets 2014: $1,018,700Liabilities 2014: $1,499Net Assets 2014: $1,017,2012014Assets 2015: $1,049,381Liabilities 2015: $5,682Net Assets 2015: $1,043,6992015Assets 2016: $1,076,841Liabilities 2016: $1,300Net Assets 2016: $1,075,5412016Assets 2017: $1,091,931Liabilities 2017: $1,206Net Assets 2017: $1,090,7252017Assets 2018: $1,087,797Liabilities 2018: $1,207Net Assets 2018: $1,086,5902018Assets 2019: $1,103,532Liabilities 2019: $1,208Net Assets 2019: $1,102,3242019Assets 2020: $1,118,249Liabilities 2020: $1,199Net Assets 2020: $1,117,0502020Assets 2021: $1,133,655Liabilities 2021: $1,210Net Assets 2021: $1,132,4452021Assets 2022: $1,059,305Liabilities 2022: $0Net Assets 2022: $1,059,3052022Assets 2023: $1,045,726Liabilities 2023: $1,205Net Assets 2023: $1,044,5212023Assets 2024: $1,235,740Liabilities 2024: $1,205Net Assets 2024: $1,234,5352024

Highlighted filing

2014

Assets$1,018,700
Liabilities$1,499
Net Assets$1,017,201
Open 2014 Filing

Operations Trend

Revenue Growth71st percentile

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

$300K$200K$100K$0-$100KRevenue 2011: $105,112Expenses 2011: $56,706Net Income 2011: $48,4062011Revenue 2012: $145,432Expenses 2012: $232,377Net Income 2012: -$86,9452012Revenue 2013: $103,624Expenses 2013: $62,370Net Income 2013: $41,2542013Revenue 2014: $114,302Expenses 2014: $75,266Net Income 2014: $39,0362014Revenue 2015: $81,566Expenses 2015: $55,068Net Income 2015: $26,4982015Revenue 2016: $84,644Expenses 2016: $52,802Net Income 2016: $31,8422016Revenue 2017: $71,211Expenses 2017: $56,027Net Income 2017: $15,1842017Revenue 2018: $74,435Expenses 2018: $78,570Net Income 2018: -$4,1352018Revenue 2019: $73,877Expenses 2019: $58,143Net Income 2019: $15,7342019Revenue 2020: $66,347Expenses 2020: $51,632Net Income 2020: $14,7152020Revenue 2021: $69,971Expenses 2021: $54,576Net Income 2021: $15,3952021Revenue 2022: $8,218Expenses 2022: $81,358Net Income 2022: -$73,1402022Revenue 2023: $26,196Expenses 2023: $40,980Net Income 2023: -$14,7842023Revenue 2024: $47,489Expenses 2024: $60,440Net Income 2024: -$12,9512024

Highlighted filing

2014

Revenue$114,302
Expenses$75,266
Net Income$39,036
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Nov 1, 2013 to Oct 31, 2014
Signed
Feb 10, 2015
Return Version
2013v4.0
Gross Receipts
$114,302
Mission and Program Overview

Mission

Promote economic development of franklinton, la

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$750,000$750,000→ $0
Other Notes and Loans Receivable, Net$191,188$149,193▼ $41,995
Cash and Non-Interest-Bearing Accounts$42,170$119,138▲ $76,968
Land, Buildings, and Equipment, Net$438$219▼ $219
Total Assets$983,946$1,018,700▲ $34,754
Other Assets Total$150$150→ $0
Liabilities
Deferred Revenue$4,281--
Accounts Payable and Accrued Expenses$1,500$1,499▼ $1
Total Liabilities$5,781$1,499▼ $4,282
Net Assets / Fund Balance
Unrestricted Net Assets$978,165$1,017,201▲ $39,036
Total Net Assets Fund Balance$978,165$1,017,201▲ $39,036
Total Liabilities and Net Assets / Fund Balance$983,946$1,018,700▲ $34,754

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$219$7,133$7,352
Compensation and Service Providers
Top Officer Pay21st percentile

Board Members and Trustees

NameTitle
--
Brad Orman-
Chris Thomas-
Claire Mcguire-
Darrell Fairburn-
Henry Harrison-
Joe Flder-
Kyle Magee Md-
Lavern Jenkins-
Linda Jenkins-
Matthew Tate-
Mike Gill-
Mike Mccormick-
Tj Butler Jr-
Wayne Patten-
Coylean G SchlogelTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$89,385
Investment Income
$24,917
Other Revenue
$0
Change in Net Assets
$39,036
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$75,266
Total Fundraising Expense$4,638
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$26,197$8,383$349$34,929
Occupancy$5,575$1,858-$7,433
Fees for Services Other$2,934$978-$3,912
Fees for Services Accounting$2,546$849-$3,395
Information Technology$1,665$555-$2,220
Insurance$1,025$342-$1,367
Office Expenses$849$283-$1,132
Depreciation Depletion$164$55-$219
Other Expenses$2,441$814$81$81
All Other Expenses$45$15-$60
Total Functional Expenses$56,496$14,132$4,638$75,266
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
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, Page 6, Part VI, Line 11B

“Form 990 is reviewed by the treasurer before filing.”

Form 990, Page 6, Part VI, Line 19

“Governing documents are available upon request.”

Filing and Contact Details

Filer

EIN
72-1182299

Signing Officer

Name
Lavern Jenkins
Title
Treasurer
Signed
2015-02-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Laverne Jenkins
Formed
1991
Legal Domicile
La
Voting Board Members
16
Independent Board Members
16
Employees
0

Preparer

Preparer
Minda B Raybourn
Phone
9858394413
Supplemental Narrative

Additional Explanations

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

“The foundation's purose is to promote economic development in the franklinton area through encouraging manufacturing, processing, and service firms to locate in the franklinton area and render assistance to promote stability and growth to current franklinton area firms and industry.”

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IRS990/PYProgramServiceRevenueAmt086395
IRS990/PYRevenuesLessExpensesAmt041254
IRS990/PYTotalExpensesAmt062370
IRS990/PYTotalRevenueAmt0103624
IRS990/ReconcilationRevenueExpnssAmt039036
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0750000
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0750000
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt0219
IRS990ScheduleD/EquipmentGrp/DepreciationAmt07133
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt07352
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0219
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION'S PUROSE IS TO PROMOTE ECONOMIC DEVELOPMENT IN THE FRANKLINTON AREA THROUGH ENCOURAGING MANUFACTURING, PROCESSING, AND SERVICE FIRMS TO LOCATE IN THE FRANKLINTON AREA AND RENDER ASSISTANCE TO PROMOTE STABILITY AND GROWTH TO CURRENT FRANKLINTON AREA FIRMS AND INDUSTRY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS REVIEWED BY THE TREASURER BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0983946
IRS990/TotalAssetsEOYAmt01018700
IRS990/TotalAssetsGrp/BOYAmt0983946
IRS990/TotalAssetsGrp/EOYAmt01018700
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt04638
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt014132
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt056496
IRS990/TotalFunctionalExpensesGrp/TotalAmt075266
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt05781
IRS990/TotalLiabilitiesEOYAmt01499
IRS990/TotalLiabilitiesGrp/BOYAmt05781
IRS990/TotalLiabilitiesGrp/EOYAmt01499
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0978165
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01017201
IRS990/TotalOtherProgSrvcExpenseAmt056496
IRS990/TotalProgramServiceExpensesAmt056496
IRS990/TotalProgramServiceRevenueAmt089385
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0114302
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0114302
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0983946
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01018700
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0978165
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01017201
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1053431 HWY 436
IRS990/USAddress/City0ANGIE
IRS990/USAddress/State0LA
IRS990/USAddress/ZIPCode070426
IRS990/VotingMembersGoverningBodyCnt016
IRS990/VotingMembersIndependentCnt016
IRS990/WebsiteAddressTxt0WWW.FRANKLINTONAREA.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LAVERN JENKINS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-02-10
ReturnHeader/Filer/BusinessName/BusinessNameLine10FRANKLINTON ECONOMIC DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine20FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0FRAN
ReturnHeader/Filer/EIN0721182299
ReturnHeader/Filer/USAddress/AddressLine10526 11TH AVE
ReturnHeader/Filer/USAddress/City0FRANKLINTON
ReturnHeader/Filer/USAddress/State0LA
ReturnHeader/Filer/USAddress/ZIPCode070438
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0273474112
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10MINDA B RAYBOURN CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine10820 11TH AVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0FRANKLINTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0LA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode070438
ReturnHeader/PreparerPersonGrp/PhoneNum09858394413
ReturnHeader/PreparerPersonGrp/PreparationDt02015-03-07
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MINDA B RAYBOURN
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02015-03-07T07:49:27-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-11-01
ReturnHeader/TaxPeriodEndDt02014-10-31
ReturnHeader/TaxYr02013

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,018,700
Liabilities
$1,499
Net assets
$1,017,201
Revenue
$114,302
Expenses
$75,266
Net income
$39,036
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.24$0.00$1.23$0.05$0.06$0.01
2023Detailed filing. Detailed filing data is available for this year.$1.05$0.00$1.04$0.03$0.04$0.01
2022Detailed filing. Detailed filing data is available for this year.$1.06$0.00$1.06$0.01$0.08$0.07
2021Detailed filing. Detailed filing data is available for this year.$1.13$0.00$1.13$0.07$0.05$0.02
2020Detailed filing. Detailed filing data is available for this year.$1.12$0.00$1.12$0.07$0.05$0.01
2019Detailed filing. Detailed filing data is available for this year.$1.10$0.00$1.10$0.07$0.06$0.02
2018Detailed filing. Detailed filing data is available for this year.$1.09$0.00$1.09$0.07$0.08$0.00
2017Detailed filing. Detailed filing data is available for this year.$1.09$0.00$1.09$0.07$0.06$0.02
2016Detailed filing. Detailed filing data is available for this year.$1.08$0.00$1.08$0.08$0.05$0.03
2015Detailed filing. Detailed filing data is available for this year.$1.05$0.01$1.04$0.08$0.06$0.03
2014Detailed filing. Detailed filing data is available for this year.$1.02$0.00$1.02$0.11$0.08$0.04
2013Summary only. Only limited summary data is available for this year.$0.98$0.01$0.98$0.10$0.06$0.04
2012Summary only. Only limited summary data is available for this year.$0.94$0.00$0.94$0.15$0.23$0.09
2011Summary only. Only limited summary data is available for this year.$1.03$0.00$1.02$0.11$0.06$0.05