Civic Intelligence

Franklinton Economic Development Foundation Inc

990 • Fiscal year 2016 • EIN 72-1182299

Nov 01, 2015 to Oct 31, 2016 • Filed on Jan 27, 2017

Organization ProfileWWW.FRANKLINTONAREA.COM
526 11th AveFranklinton, LA 70438

(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.

2016 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

17th percentile

0.02x

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

2016 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2016

Net Margin

96th percentile

38%

Higher net margin than 96% of similar nonprofits.

2016 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

22nd percentile

$0

Higher top officer pay than 22% of similar nonprofits.

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

2016 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2016

Asset Growth

46th percentile

2.6%

Faster asset growth than 46% of similar nonprofits.

2016 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

53rd percentile

3.8%

Faster revenue growth than 53% of similar nonprofits.

2016 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets12th percentile

Assets

Up

$1,076,841

Up $27,460 (+2.6%) from 2015

Net Assets

Up

$1,075,541

Up $31,842 (+3.1%) from 2015

Liabilities

Down

$1,300

Down $4,382 (-77%) from 2015

Revenue And Expenses
Liabilities / Revenue17th percentileNet Margin96th percentile

Revenue

Up

$84,644

Up $3,078 (+3.8%) from 2015

Expenses

Down

$52,802

Down $2,266 (-4.1%) from 2015

Net Income

Up

$31,842

Up $5,344 (+20%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth46th 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

2016

Assets$1,076,841
Liabilities$1,300
Net Assets$1,075,541
Open 2016 Filing

Operations Trend

Revenue Growth53rd 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

2016

Revenue$84,644
Expenses$52,802
Net Income$31,842
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Nov 1, 2015 to Oct 31, 2016
Signed
Jan 27, 2017
Return Version
2015v3.0
Gross Receipts
$84,644
Mission and Program Overview

Mission

Promote economic development of franklinton, la

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$900,000$900,000→ $0
Cash and Non-Interest-Bearing Accounts$44,170$117,238▲ $73,068
Other Notes and Loans Receivable, Net$105,061$58,321▼ $46,740
Land, Buildings, and Equipment, Net-$1,132-
Total Assets$1,049,381$1,076,841▲ $27,460
Other Assets Total$150$150→ $0
Liabilities
Deferred Revenue$4,281--
Accounts Payable and Accrued Expenses$1,401$1,300▼ $101
Total Liabilities$5,682$1,300▼ $4,382
Net Assets / Fund Balance
Unrestricted Net Assets$1,043,699$1,075,541▲ $31,842
Total Net Assets Fund Balance$1,043,699$1,075,541▲ $31,842
Total Liabilities and Net Assets / Fund Balance$1,049,381$1,076,841▲ $27,460

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,132$6,388$7,520
Compensation and Service Providers
Top Officer Pay22nd percentile

Board Members and Trustees

NameTitle
Henry HarrisonPresident
Andrew VossBoard Member
Brad OrmanBoard Member
Chris ThomasBoard Member
Claire McguireBoard Member
Coylean G SchlogelBoard Member
Darrell FairburnBoard Member
Donna GrahamBoard Member
Joe FelderBoard Member
Kristina KnightBoard Member
Matthew TateBoard Member
Mike GillBoard Member
Olander SmithBoard Member
Seth DescantBoard Member
Tj Butler JrBoard Member
Wayne PattenBoard Member
Ryan SealExecutive Di
Lavern JenkinsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$70,165
Investment Income
$13,979
Other Revenue
$500
Change in Net Assets
$31,842
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$52,802
Total Fundraising Expense$3,255
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$27,373$8,759$365$36,497
Fees for Services Other$2,917$972-$3,889
Occupancy$2,835$945-$3,780
Fees for Services Accounting$2,400$800-$3,200
Insurance$1,073$358-$1,431
Office Expenses$376$128-$504
Other Expenses$429$143$90$90
Depreciation Depletion$29$10-$39
Total Functional Expenses$37,432$12,115$3,255$52,802
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

Filer Name
Franklinton Economic Development
EIN
72-1182299
Address
526 11TH AVE, FRANKLINTON, LA 70438

Signing Officer

Name
Lavern Jenkins
Title
Treasurer
Signed
2017-01-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lavern Jenkins
Formed
1991
Legal Domicile
La
Voting Board Members
17
Independent Board Members
17
Employees
0

Preparer

Firm
Minda B Raybourn CPA
Address
820 11TH AVE, FRANKLINTON, LA 70438
Preparer
Minda 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/OtherExpensesGrp/TotalAmt1572
IRS990/OtherExpensesGrp/TotalAmt290
IRS990/OtherRevenueMiscGrp/Desc0OTHER REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0500
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0500
IRS990/OtherRevenueTotalAmt0500
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0105061
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt058321
IRS990/PartialLiquidationInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0LAVERN JENKINS
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0GARBAGE TAX
IRS990/ProgramServiceRevenueGrp/Desc1MEMEBERSHIP FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt063500
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt16665
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt063500
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt16665
IRS990/ProgSrvcAccomActyOtherGrp/Desc0THE 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.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt012655
IRS990/PYOtherExpensesAmt055068
IRS990/PYOtherRevenueAmt016
IRS990/PYProgramServiceRevenueAmt068895
IRS990/PYRevenuesLessExpensesAmt026498
IRS990/PYTotalExpensesAmt055068
IRS990/PYTotalRevenueAmt081566
IRS990/ReconcilationRevenueExpnssAmt031842
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt084644
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0900000
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0900000
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt01132
IRS990ScheduleD/EquipmentGrp/DepreciationAmt06388
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt07520
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01132
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/TotalAssetsBOYAmt01049381
IRS990/TotalAssetsEOYAmt01076841
IRS990/TotalAssetsGrp/BOYAmt01049381
IRS990/TotalAssetsGrp/EOYAmt01076841
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt03255
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt012115
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt037432
IRS990/TotalFunctionalExpensesGrp/TotalAmt052802
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt05682
IRS990/TotalLiabilitiesEOYAmt01300
IRS990/TotalLiabilitiesGrp/BOYAmt05682
IRS990/TotalLiabilitiesGrp/EOYAmt01300
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01043699
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01075541
IRS990/TotalProgramServiceExpensesAmt037432
IRS990/TotalProgramServiceRevenueAmt070165
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt084644
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt084644
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01049381
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01076841
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01043699
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01075541
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt05341 HWY 436
IRS990/USAddress/CityNm0ANGIE
IRS990/USAddress/StateAbbreviationCd0LA
IRS990/USAddress/ZIPCd070426
IRS990/VotingMembersGoverningBodyCnt017
IRS990/VotingMembersIndependentCnt017
IRS990/WebsiteAddressTxt0WWW.FRANKLINTONAREA.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LAVERN JENKINS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-01-27
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FRANKLINTON ECONOMIC DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0FRAN
ReturnHeader/Filer/EIN0721182299
ReturnHeader/Filer/USAddress/AddressLine1Txt0526 11TH AVE
ReturnHeader/Filer/USAddress/CityNm0FRANKLINTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0LA
ReturnHeader/Filer/USAddress/ZIPCd070438
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0273474112
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MINDA B RAYBOURN CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0820 11TH AVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FRANKLINTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0LA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd070438
ReturnHeader/PreparerPersonGrp/PhoneNum09858394413
ReturnHeader/PreparerPersonGrp/PreparationDt02017-02-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MINDA RAYBOURN
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02017-02-15T16:48:25-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-11-01
ReturnHeader/TaxPeriodEndDt02016-10-31
ReturnHeader/TaxYr02015

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,076,841
Liabilities
$1,300
Net assets
$1,075,541
Revenue
$84,644
Expenses
$52,802
Net income
$31,842
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