Civic Intelligence

Franklinton Economic Development Foundation Inc

990 • Fiscal year 2020 • EIN 72-1182299

Nov 01, 2019 to Oct 31, 2020 • Filed on Feb 18, 2020

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

13th percentile

0.00x

Higher debt load relative to assets than 13% of similar nonprofits.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

20th percentile

0.02x

Higher debt load relative to revenue than 20% of similar nonprofits.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2020

Net Margin

83rd percentile

22%

Higher net margin than 83% of similar nonprofits.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2020

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.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2020

Asset Growth

37th percentile

1.3%

Faster asset growth than 37% of similar nonprofits.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

46th percentile

-10%

Faster revenue growth than 46% of similar nonprofits.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets13th percentile

Assets

Up

$1,118,249

Up $14,717 (+1.3%) from 2019

Net Assets

Up

$1,117,050

Up $14,726 (+1.3%) from 2019

Liabilities

Down

$1,199

Down $9 (-0.7%) from 2019

Revenue And Expenses
Liabilities / Revenue20th percentileNet Margin83rd percentile

Revenue

Down

$66,347

Down $7,530 (-10%) from 2019

Expenses

Down

$51,632

Down $6,511 (-11%) from 2019

Net Income

Down

$14,715

Down $1,019 (-6.5%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth37th 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

2020

Assets$1,118,249
Liabilities$1,199
Net Assets$1,117,050
Open 2020 Filing

Operations Trend

Revenue Growth46th 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

2020

Revenue$66,347
Expenses$51,632
Net Income$14,715
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Nov 1, 2019 to Oct 31, 2020
Signed
Feb 18, 2020
Return Version
2019v5.0
Gross Receipts
$66,347
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$202,449$187,481▼ $14,968
Accounts Receivable-$30,000-
Other Notes and Loans Receivable, Net$503$423▼ $80
Land, Buildings, and Equipment, Net$430$195▼ $235
Total Assets$1,103,532$1,118,249▲ $14,717
Other Assets Total$150$150→ $0
Liabilities
Accounts Payable and Accrued Expenses$1,208$1,199▼ $9
Total Liabilities$1,208$1,199▼ $9
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,102,324$1,117,050▲ $14,726
Total Net Assets Fund Balance$1,102,324$1,117,050▲ $14,726
Total Liabilities and Net Assets / Fund Balance$1,103,532$1,118,249▲ $14,717

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$195$7,325$7,520
Compensation and Service Providers
Top Officer Pay23rd percentile

Board Members and Trustees

NameTitle
Henry HarrisonPresident
Bryant ButtoneBoard Member
Claire McguireBoard Member
Coylean G SchlogelBoard Member
Donna GrahamBoard Member
Frances VarnadoBoard Member
Kristina KnightBoard Member
Matthew TateBoard Member
Mike GillBoard Member
Patrice CrainBoard Member
Reed RileyBoard Member
Robert a MichaelBoard Member
Seth DescantBoard Member
Tj Butler JrBoard Member
Ryan SealExecutive Di
Revenue and Support

Revenue Composition

Contributions and Grants
$5,960
Program Service Revenue
$47,150
Investment Income
$13,237
Other Revenue
$0
Change in Net Assets
$14,715
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$51,632
Total Fundraising Expense$365
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$26,164$8,373$349$34,886
Occupancy$3,567$1,189-$4,756
Fees for Services Other$2,921$974-$3,895
Fees for Services Accounting$2,351$784-$3,135
Insurance$1,190$397-$1,587
Office Expenses$446$149-$595
Depreciation Depletion$176$59-$235
Other Expenses$245$82$16$16
Total Functional Expenses$39,260$12,007$365$51,632
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 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, 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
Claire Mcguire
Title
Board Member
Signed
2020-02-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Claire Mcguire
Formed
1991
Legal Domicile
La
Voting Board Members
15
Independent Board Members
15
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.”

Raw XML Appendix349 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt01208
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt01199
IRS990/AccountsReceivableGrp/EOYAmt030000
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0PROMOTE ECONOMIC DEVELOPMENT OF FRANKLINTON, LA
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0MINDA RAYBOURN CPA LLC
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine2Txt0MINDA RAYBOURN CPA LLC
IRS990/BooksInCareOfDetail/PhoneNum09858394413
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0820 11TH AVE
IRS990/BooksInCareOfDetail/USAddress/CityNm0FRANKLINTON
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0LA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd070438
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0202449
IRS990/CashNonInterestBearingGrp/EOYAmt0187481
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt05960
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt013237
IRS990/CYOtherExpensesAmt051632
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt047150
IRS990/CYRevenuesLessExpensesAmt014715
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt051632
IRS990/CYTotalFundraisingExpenseAmt0365
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt066347
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt059
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0176
IRS990/DepreciationDepletionGrp/TotalAmt0235
IRS990/Desc0THE FOUNDATION'S PURPOSE 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/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/ExpenseAmt039260
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt0784
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt02351
IRS990/FeesForServicesAccountingGrp/TotalAmt03135
IRS990/FeesForServicesManagementGrp/FundraisingAmt0349
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt08373
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt026164
IRS990/FeesForServicesManagementGrp/TotalAmt034886
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt0974
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt02921
IRS990/FeesForServicesOtherGrp/TotalAmt03895
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd7X
IRS990/Form990PartVIISectionAGrp/OfficerInd8X
IRS990/Form990PartVIISectionAGrp/OfficerInd9X
IRS990/Form990PartVIISectionAGrp/OfficerInd10X
IRS990/Form990PartVIISectionAGrp/OfficerInd11X
IRS990/Form990PartVIISectionAGrp/OfficerInd12X
IRS990/Form990PartVIISectionAGrp/OfficerInd13X
IRS990/Form990PartVIISectionAGrp/OfficerInd14X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/PersonNm0BRYANT BUTTONE
IRS990/Form990PartVIISectionAGrp/PersonNm1PATRICE CRAIN
IRS990/Form990PartVIISectionAGrp/PersonNm2SETH DESCANT
IRS990/Form990PartVIISectionAGrp/PersonNm3MIKE GILL
IRS990/Form990PartVIISectionAGrp/PersonNm4DONNA GRAHAM
IRS990/Form990PartVIISectionAGrp/PersonNm5HENRY HARRISON
IRS990/Form990PartVIISectionAGrp/PersonNm6TJ BUTLER JR
IRS990/Form990PartVIISectionAGrp/PersonNm7KRISTINA KNIGHT
IRS990/Form990PartVIISectionAGrp/PersonNm8CLAIRE MCGUIRE
IRS990/Form990PartVIISectionAGrp/PersonNm9ROBERT A MICHAEL
IRS990/Form990PartVIISectionAGrp/PersonNm10REED RILEY
IRS990/Form990PartVIISectionAGrp/PersonNm11COYLEAN G SCHLOGEL
IRS990/Form990PartVIISectionAGrp/PersonNm12RYAN SEAL
IRS990/Form990PartVIISectionAGrp/PersonNm13MATTHEW TATE
IRS990/Form990PartVIISectionAGrp/PersonNm14FRANCES VARNADO
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12EXECUTIVE DI
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr01991
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt015
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt066347
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt015
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt0397
IRS990/InsuranceGrp/ProgramServicesAmt01190
IRS990/InsuranceGrp/TotalAmt01587
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt013237
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt013237
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt02
IRS990/IRPDocumentW2GCnt02
IRS990/LandBldgEquipAccumDeprecAmt07325
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0430
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0195
IRS990/LandBldgEquipCostOrOtherBssAmt07520
IRS990/LegalDomicileStateCd0LA
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembershipDuesAmt05960
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0PROMOTE ECONOMIC DEVELOPMENT OF FRANKLINTON, LA
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt01102324
IRS990/NetAssetsOrFundBalancesEOYAmt01117050
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01102324
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01117050
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt01189
IRS990/OccupancyGrp/ProgramServicesAmt03567
IRS990/OccupancyGrp/TotalAmt04756
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0149
IRS990/OfficeExpensesGrp/ProgramServicesAmt0446
IRS990/OfficeExpensesGrp/TotalAmt0595
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0150
IRS990/OtherAssetsTotalGrp/EOYAmt0150
IRS990/OtherExpensesGrp/Desc0CONTRIBUTIONS
IRS990/OtherExpensesGrp/Desc1BIG IDEA PROJECT
IRS990/OtherExpensesGrp/Desc2DUES AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc3ANNUAL MEETING
IRS990/OtherExpensesGrp/FundraisingAmt016
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt082
IRS990/OtherExpensesGrp/ProgramServicesAmt01200
IRS990/OtherExpensesGrp/ProgramServicesAmt11000
IRS990/OtherExpensesGrp/ProgramServicesAmt2245
IRS990/OtherExpensesGrp/TotalAmt01200
IRS990/OtherExpensesGrp/TotalAmt11000
IRS990/OtherExpensesGrp/TotalAmt2327
IRS990/OtherExpensesGrp/TotalAmt316
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0503
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0423
IRS990/PartialLiquidationInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0CLAIRE MCGUIRE
IRS990/PriorPeriodAdjustmentsAmt011
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0GARBAGE TAX
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt047150
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt047150
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/PYContributionsGrantsAmt05390
IRS990/PYInvestmentIncomeAmt012877
IRS990/PYOtherExpensesAmt058143
IRS990/PYOtherRevenueAmt0110
IRS990/PYProgramServiceRevenueAmt055500
IRS990/PYRevenuesLessExpensesAmt015734
IRS990/PYTotalExpensesAmt058143
IRS990/PYTotalRevenueAmt073877
IRS990/ReconcilationRevenueExpnssAmt014715
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt066347
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0900000
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0900000
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt0195
IRS990ScheduleD/EquipmentGrp/DepreciationAmt07325
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt07520
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0195
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/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01103532
IRS990/TotalAssetsEOYAmt01118249
IRS990/TotalAssetsGrp/BOYAmt01103532
IRS990/TotalAssetsGrp/EOYAmt01118249
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt05960
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0365
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt012007
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt039260
IRS990/TotalFunctionalExpensesGrp/TotalAmt051632
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01208
IRS990/TotalLiabilitiesEOYAmt01199
IRS990/TotalLiabilitiesGrp/BOYAmt01208
IRS990/TotalLiabilitiesGrp/EOYAmt01199
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01102324
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01117050
IRS990/TotalProgramServiceExpensesAmt039260
IRS990/TotalProgramServiceRevenueAmt047150
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt060387
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt066347
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01103532
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01118249
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0123 LAVINGHOUSE ROAD
IRS990/USAddress/CityNm0FRANKLINTON
IRS990/USAddress/StateAbbreviationCd0LA
IRS990/USAddress/ZIPCd070438
IRS990/VotingMembersGoverningBodyCnt015
IRS990/VotingMembersIndependentCnt015
IRS990/WebsiteAddressTxt0WWW.FRANKLINTONAREA.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CLAIRE MCGUIRE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0BOARD MEMBER
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-02-18
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/PreparationDt02021-03-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MINDA RAYBOURN
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02021-03-09T14:34:43-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-11-01
ReturnHeader/TaxPeriodEndDt02020-10-31
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,118,249
Liabilities
$1,199
Net assets
$1,117,050
Revenue
$66,347
Expenses
$51,632
Net income
$14,715
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