Civic Intelligence

Franklinton Economic Development Foundation Inc

990 • Fiscal year 2017 • EIN 72-1182299

Nov 01, 2016 to Oct 31, 2017 • Filed on Feb 05, 2018

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.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

19th percentile

0.02x

Higher debt load relative to revenue than 19% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Net Margin

88th percentile

21%

Higher net margin than 88% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

23rd percentile

$0

Higher top officer pay than 23% of similar nonprofits.

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

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Asset Growth

36th percentile

1.4%

Faster asset growth than 36% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

8th percentile

-16%

Faster revenue growth than 8% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets12th percentile

Assets

Up

$1,091,931

Up $15,090 (+1.4%) from 2016

Net Assets

Up

$1,090,725

Up $15,184 (+1.4%) from 2016

Liabilities

Down

$1,206

Down $94 (-7.2%) from 2016

Revenue And Expenses
Liabilities / Revenue19th percentileNet Margin88th percentile

Revenue

Down

$71,211

Down $13,433 (-16%) from 2016

Expenses

Up

$56,027

Up $3,225 (+6.1%) from 2016

Net Income

Down

$15,184

Down $16,658 (-52%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth36th 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

2017

Assets$1,091,931
Liabilities$1,206
Net Assets$1,090,725
Open 2017 Filing

Operations Trend

Revenue Growth8th 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

2017

Revenue$71,211
Expenses$56,027
Net Income$15,184
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Nov 1, 2016 to Oct 31, 2017
Signed
Feb 5, 2018
Return Version
2016v3.1
Gross Receipts
$71,211
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$117,238$182,084▲ $64,846
Other Notes and Loans Receivable, Net$58,321$8,799▼ $49,522
Land, Buildings, and Equipment, Net$1,132$898▼ $234
Total Assets$1,076,841$1,091,931▲ $15,090
Other Assets Total$150$150→ $0
Liabilities
Accounts Payable and Accrued Expenses$1,300$1,206▼ $94
Total Liabilities$1,300$1,206▼ $94
Net Assets / Fund Balance
Unrestricted Net Assets$1,075,541$1,090,725▲ $15,184
Total Net Assets Fund Balance$1,075,541$1,090,725▲ $15,184
Total Liabilities and Net Assets / Fund Balance$1,076,841$1,091,931▲ $15,090

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$898$6,622$7,520
Compensation and Service Providers
Top Officer Pay23rd 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
Kristal C SimmonsBoard Member
Kristina KnightBoard Member
Matthew TateBoard Member
Mike GillBoard Member
Olander SmithBoard Member
Reed RileyBoard Member
Seth DescantBoard Member
Tj Butler JrBoard Member
Wayne PattenBoard Member
Ryan SealExecutive Di
Lavern JenkinsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,000
Program Service Revenue
$60,315
Investment Income
$9,846
Other Revenue
$50
All Other Contributions
$1,000
Change in Net Assets
$15,184
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$56,027
Total Fundraising Expense$4,016
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$26,900$8,608$359$35,867
Occupancy$4,334$1,445-$5,779
Fees for Services Other$3,055$1,019-$4,074
Fees for Services Accounting$2,325$775-$3,100
Insurance$1,100$366-$1,466
Advertising$559$186-$745
Office Expenses$251$85-$336
Depreciation Depletion$175$59-$234
Other Expenses$39$13$307$52
Total Functional Expenses$39,276$12,735$4,016$56,027
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
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, 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
Seth Descant
Title
Board Member
Signed
2018-02-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Seth Descant
Formed
1991
Legal Domicile
La
Voting Board Members
19
Independent Board Members
19
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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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/OtherExpensesGrp/TotalAmt2307
IRS990/OtherExpensesGrp/TotalAmt352
IRS990/OtherRevenueMiscGrp/Desc0OTHER REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt050
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt050
IRS990/OtherRevenueTotalAmt050
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt058321
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt08799
IRS990/PartialLiquidationInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0SETH DESCANT
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0GARBAGE TAX
IRS990/ProgramServiceRevenueGrp/Desc1MEMEBERSHIP FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt054500
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt15815
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt054500
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt15815
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/PYInvestmentIncomeAmt013979
IRS990/PYOtherExpensesAmt052802
IRS990/PYOtherRevenueAmt0500
IRS990/PYProgramServiceRevenueAmt070165
IRS990/PYRevenuesLessExpensesAmt031842
IRS990/PYTotalExpensesAmt052802
IRS990/PYTotalRevenueAmt084644
IRS990/ReconcilationRevenueExpnssAmt015184
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt060315
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0900000
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0900000
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt0898
IRS990ScheduleD/EquipmentGrp/DepreciationAmt06622
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt07520
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0898
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/TotalAssetsBOYAmt01076841
IRS990/TotalAssetsEOYAmt01091931
IRS990/TotalAssetsGrp/BOYAmt01076841
IRS990/TotalAssetsGrp/EOYAmt01091931
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01000
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt04016
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt012735
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt039276
IRS990/TotalFunctionalExpensesGrp/TotalAmt056027
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01300
IRS990/TotalLiabilitiesEOYAmt01206
IRS990/TotalLiabilitiesGrp/BOYAmt01300
IRS990/TotalLiabilitiesGrp/EOYAmt01206
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01075541
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01090725
IRS990/TotalProgramServiceExpensesAmt039276
IRS990/TotalProgramServiceRevenueAmt060315
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt070211
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt071211
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01076841
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01091931
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01075541
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01090725
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 427
IRS990/USAddress/CityNm0FRANKLINTON
IRS990/USAddress/StateAbbreviationCd0LA
IRS990/USAddress/ZIPCd070438
IRS990/VotingMembersGoverningBodyCnt019
IRS990/VotingMembersIndependentCnt019
IRS990/WebsiteAddressTxt0WWW.FRANKLINTONAREA.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-03-14 21:41:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0SETH DESCANT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0BOARD MEMBER
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-02-05
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/FilingSecurityInformation/AtSubmissionCreationDeviceId071D6301AA21F2A8A2014ADF1D9C8BB46828315C2
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId071D6301AA21F2A8A2014ADF1D9C8BB46828315C2
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/PreparationDt02018-02-22
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MINDA RAYBOURN
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02018-02-22T08:24:42-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-11-01
ReturnHeader/TaxPeriodEndDt02017-10-31
ReturnHeader/TaxYr02016

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,091,931
Liabilities
$1,206
Net assets
$1,090,725
Revenue
$71,211
Expenses
$56,027
Net income
$15,184
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