Civic Intelligence

Franklinton Economic Development Foundation Inc

990 • Fiscal year 2018 • EIN 72-1182299

Nov 01, 2017 to Oct 31, 2018 • Filed on Jan 26, 2019

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.

2018 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

19th percentile

0.02x

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

2018 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2018

Net Margin

17th percentile

-5.6%

Higher net margin than 17% of similar nonprofits.

2018 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2018

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.

2018 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2018

Asset Growth

40th percentile

-0.4%

Faster asset growth than 40% of similar nonprofits.

2018 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

55th percentile

4.5%

Faster revenue growth than 55% of similar nonprofits.

2018 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets12th percentile

Assets

Down

$1,087,797

Down $4,134 (-0.4%) from 2017

Net Assets

Down

$1,086,590

Down $4,135 (-0.4%) from 2017

Liabilities

Up

$1,207

Up $1 (+0.1%) from 2017

Revenue And Expenses
Liabilities / Revenue19th percentileNet Margin17th percentile

Revenue

Up

$74,435

Up $3,224 (+4.5%) from 2017

Expenses

Up

$78,570

Up $22,543 (+40%) from 2017

Net Income

Down

-$4,135

Down $19,319 (-127%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth40th 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

2018

Assets$1,087,797
Liabilities$1,207
Net Assets$1,086,590
Open 2018 Filing

Operations Trend

Revenue Growth55th 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

2018

Revenue$74,435
Expenses$78,570
Net Income-$4,135
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Nov 1, 2017 to Oct 31, 2018
Signed
Jan 26, 2019
Return Version
2017v2.3
Gross Receipts
$74,435
Mission and Program Overview

Mission

Promote economic development of franklinton, la

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$900,000$650,000▼ $250,000
Cash and Non-Interest-Bearing Accounts$182,084$436,660▲ $254,576
Land, Buildings, and Equipment, Net$898$664▼ $234
Other Notes and Loans Receivable, Net$8,799$323▼ $8,476
Total Assets$1,091,931$1,087,797▼ $4,134
Other Assets Total$150$150→ $0
Liabilities
Accounts Payable and Accrued Expenses$1,206$1,207▲ $1
Total Liabilities$1,206$1,207▲ $1
Net Assets / Fund Balance
Unrestricted Net Assets$1,090,725$1,086,590▼ $4,135
Total Net Assets Fund Balance$1,090,725$1,086,590▼ $4,135
Total Liabilities and Net Assets / Fund Balance$1,091,931$1,087,797▼ $4,134

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$664$6,856$7,520
Compensation and Service Providers
Top Officer Pay23rd percentile

Board Members and Trustees

NameTitle
Henry HarrisonPresident
Claire McguireBoard Member
Coylean G SchlogelBoard Member
Darrell FairburnBoard Member
Donna GrahamBoard Member
Kristal C SimmonsBoard Member
Kristina KnightBoard Member
Matthew TateBoard Member
Mike GillBoard Member
Olander SmithBoard Member
Reed RileyBoard Member
Robert a MichaelBoard Member
Seth DescantBoard Member
Shad EllisonBoard Member
Tj Butler JrBoard Member
Ryan SealExecutive Di
Lavern JenkinsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$9,030
Program Service Revenue
$55,000
Investment Income
$10,405
Other Revenue
$0
All Other Contributions
$3,300
Change in Net Assets
$-4,135
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$78,570
Total Fundraising Expense$447
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$29,012$9,284$387$38,683
Occupancy$3,981$1,328-$5,309
Fees for Services Other$2,906$969-$3,875
Fees for Services Accounting$2,325$775-$3,100
Office Expenses$1,139$380-$1,519
Insurance$1,117$373-$1,490
Other Expenses$625$175-$625
Depreciation Depletion$175$59-$234
All Other Expenses$21$7$60$88
Total Functional Expenses$64,773$13,350$447$78,570
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
2019-01-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Seth Descant
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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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/PYTotalExpensesAmt056027
IRS990/PYTotalRevenueAmt071211
IRS990/ReconcilationRevenueExpnssAmt0-4135
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt074435
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0900000
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0650000
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt0664
IRS990ScheduleD/EquipmentGrp/DepreciationAmt06856
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt07520
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0664
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/TotalAssetsBOYAmt01091931
IRS990/TotalAssetsEOYAmt01087797
IRS990/TotalAssetsGrp/BOYAmt01091931
IRS990/TotalAssetsGrp/EOYAmt01087797
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt09030
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0447
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt013350
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt064773
IRS990/TotalFunctionalExpensesGrp/TotalAmt078570
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01206
IRS990/TotalLiabilitiesEOYAmt01207
IRS990/TotalLiabilitiesGrp/BOYAmt01206
IRS990/TotalLiabilitiesGrp/EOYAmt01207
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01090725
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01086590
IRS990/TotalProgramServiceExpensesAmt064773
IRS990/TotalProgramServiceRevenueAmt055000
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt065405
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt074435
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01091931
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01087797
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01090725
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01086590
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 427
IRS990/USAddress/CityNm0FRANKLINTON
IRS990/USAddress/StateAbbreviationCd0LA
IRS990/USAddress/ZIPCd070438
IRS990/VotingMembersGoverningBodyCnt017
IRS990/VotingMembersIndependentCnt017
IRS990/WebsiteAddressTxt0WWW.FRANKLINTONAREA.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0SETH DESCANT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0BOARD MEMBER
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-01-26
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/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0207.29.212.250
ReturnHeader/FilingSecurityInformation/IPDt02019-02-11
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm013:27:44
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/PreparationDt02019-02-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MINDA RAYBOURN
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02019-02-11T13:27:44-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-11-01
ReturnHeader/TaxPeriodEndDt02018-10-31
ReturnHeader/TaxYr02017

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,087,797
Liabilities
$1,207
Net assets
$1,086,590
Revenue
$74,435
Expenses
$78,570
Net income
-$4,135
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