Civic Intelligence

Franklin Ministries Inc.

990 • Fiscal year 2018 • EIN 75-2234423

Jan 01, 2018 to Dec 31, 2018 • Filed on Apr 12, 2019

1802 Joseph Hayes CourtMount Juliet, TN 37122

(615) 773-8480

Siviq Scores

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

Liabilities / Assets

73rd percentile

0.05x

Higher debt load relative to assets than 73% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

81st percentile

0.09x

Higher debt load relative to revenue than 81% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

10th percentile

-39%

Higher net margin than 10% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

85th percentile

$25,232

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 23.7% of source-year revenue.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

18th percentile

-24%

Faster asset growth than 18% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

34th percentile

-9.5%

Faster revenue growth than 34% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Down

$183,149

Down $56,731 (-24%) from 2017

Net Assets

Down

$174,035

Down $58,769 (-25%) from 2017

Liabilities

Up

$9,114

Up $2,038 (+29%) from 2017

Revenue

Down

$106,460

Down $11,181 (-9.5%) from 2017

Expenses

Down

$147,625

Down $196 (-0.1%) from 2017

Net Income

Down

-$41,165

Down $10,985 (-36%) from 2017

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2011: $8,921Liabilities 2011: $106,5002011Assets 2012: $3,863Liabilities 2012: $109,0392012Assets 2013: $5,852Liabilities 2013: $5,3852013Assets 2014: $15,214Liabilities 2014: $17,4232014Assets 2015: $10,032Liabilities 2015: $31,1202015Assets 2016: $282,412Liabilities 2016: $21,563Net Assets 2016: $260,8492016Assets 2017: $239,880Liabilities 2017: $7,076Net Assets 2017: $232,8042017Assets 2018: $183,149Liabilities 2018: $9,114Net Assets 2018: $174,0352018Assets 2019: $169,834Liabilities 2019: $16,126Net Assets 2019: $153,7082019Assets 2020: $149,533Liabilities 2020: $2,742Net Assets 2020: $146,7912020Assets 2021: $171,612Liabilities 2021: $6,678Net Assets 2021: $164,9342021Assets 2022: $125,859Liabilities 2022: $3,498Net Assets 2022: $122,3612022Assets 2023: $100,690Liabilities 2023: $8,094Net Assets 2023: $92,5962023Assets 2024: $76,427Liabilities 2024: $6,564Net Assets 2024: $69,8632024

Highlighted filing

2018

Assets$183,149
Liabilities$9,114
Net Assets$174,035

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2011: $82,847Expenses 2011: $112,171Net Income 2011: -$29,3242011Revenue 2012: $80,501Expenses 2012: $88,098Net Income 2012: -$7,5972012Revenue 2013: $94,838Expenses 2013: $7,676Net Income 2013: $87,1622013Revenue 2014: $93,746Expenses 2014: $96,422Net Income 2014: -$2,6762014Revenue 2015: $134,005Expenses 2015: $147,884Net Income 2015: -$13,8792015Revenue 2016: $490,810Expenses 2016: $204,848Net Income 2016: $285,9622016Revenue 2017: $117,641Expenses 2017: $147,821Net Income 2017: -$30,1802017Revenue 2018: $106,460Expenses 2018: $147,625Net Income 2018: -$41,1652018Revenue 2019: $117,221Expenses 2019: $138,338Net Income 2019: -$21,1172019Revenue 2020: $100,998Expenses 2020: $105,605Net Income 2020: -$4,6072020Revenue 2021: $167,645Expenses 2021: $154,322Net Income 2021: $13,3232021Revenue 2022: $89,397Expenses 2022: $114,722Net Income 2022: -$25,3252022Revenue 2023: $101,171Expenses 2023: $136,269Net Income 2023: -$35,0982023Revenue 2024: $91,618Expenses 2024: $111,929Net Income 2024: -$20,3112024

Highlighted filing

2018

Revenue$106,460
Expenses$147,625
Net Income-$41,165
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Apr 12, 2019
Return Version
2018v3.1
Gross Receipts
$106,460
Mission and Program Overview

Mission

Spreading the gospel of jesus christ through an overseas music ministry

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$232,804$174,035▼ $58,769
Investments in Publicly Traded Securities$221,527$174,031▼ $47,496
Other Notes and Loans Receivable, Net$7,314$4,079▼ $3,235
Land, Buildings, and Equipment, Net$7,119$3,838▼ $3,281
Cash and Non-Interest-Bearing Accounts$3,920$1,201▼ $2,719
Total Assets$239,880$183,149▼ $56,731
Liabilities
Other Liabilities$7,076$9,114▲ $2,038
Total Liabilities$7,076$9,114▲ $2,038
Net Assets / Fund Balance
Total Net Assets Fund Balance$232,804$174,035▼ $58,769
Total Liabilities and Net Assets / Fund Balance$239,880$183,149▼ $56,731

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$0-$0
Other Land Buildings$0$0$0
Land$0-$0
Equipment$3,838$47,012$0
Leasehold Improvements$0-$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Barbara FranklinPresident/directorPT$25,232$25,232

Board Members and Trustees

NameTitle
Patricia BeversteinVice President/director
Dr Fred StifelSecretary/director
Revenue and Support

Revenue Composition

Contributions and Grants
$86,512
Program Service Revenue
$0
Investment Income
$14,012
Other Revenue
$5,936
All Other Contributions
$86,512
Change in Net Assets
$-41,165
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$78,402
Salaries, Compensation, and Employee Benefits$63,364
Grants and Similar Amounts Paid$5,859
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$0$25,232$0$25,232
Other Salaries and Wages$0$23,420$0$23,420
Conferences and Meetings$0$17,952$0$17,952
All Other Expenses$0$17,271$0$17,271
Payroll Taxes$0$14,712$0$14,712
Travel$0$12,618$0$12,618
Grants to Domestic Orgs$5,859--$5,859
Advertising$0$5,372$0$5,372
Fees for Services Legal$0$4,653$0$4,653
Insurance$0$3,811$0$3,811
Office Expenses$0$3,552$0$3,552
Depreciation Depletion$0$3,281$0$3,281
Fees for Service Investment Mgmnt Fees$0$2,546$0$2,546
Other Expenses$0$193$0$193
Total Functional Expenses$5,859$141,766$0$147,625
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
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Credit Cards Payable$9,114
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Franklin Ministries
EIN
75-2234423
Phone
6157738480
Address
1802 JOSEPH HAYES COURT, MOUNT JULIET, TN 37122

Signing Officer

Name
Barbara Franklin
Title
President
Phone
6157738480
Signed
2019-04-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Barbara Franklin
Formed
2003
Legal Domicile
Tn
Voting Board Members
3
Independent Board Members
2
Employees
2
Volunteers
1

Preparer

Firm
Gammon & Drueck CPAs PLLC
Address
3618 B North Mount Juliet Road, Mount Juliet, TN 37122-3012
Preparer
Danielle E Drueck
Phone
6157580481
Supplemental Narrative

Additional Explanations

Pt III, Line 2

Council reviews form 990 and schedules with the officers before distribution to the directors for review and filing

Pt VI, Line 12C

Each board member retains a copy of the written conflict of interest policy which is reviewed annually

Pt VI, Line 15A

The board annually reviews all employee compensation and other minor benefits provided

Pt VI, Line 15B

SAME AS ANSWER TO 15a

Pt VI, Line 19

The organization has made its organizational documents, conflict of interest policy, and its financial statements available by request to one of the board members.

Pt VI, Line 2

The president director's husband is paid wages from the organization for the work that he provides for the organization.

Pt VI, Line 11B

Officers are to look over the 990 before it is filed and approve the 990 return

Form 990, Part IX, Line 24E

Postage 2367. 0. 2367. 0.

Form 990, Part IX, Line 24E

Printing 2560. 0. 2560. 0.

Form 990, Part IX, Line 24E

Equipment 2018. 0. 2018. 0.

Form 990, Part IX, Line 24E

Telephone 1670. 0. 1670. 0.

Form 990, Part IX, Line 24E

Website 2172. 0. 2172. 0.

Form 990, Part IX, Line 24E

COMPUTER 63. 0. 63. 0.

Form 990, Part IX, Line 24E

REPAIRS 164. 0. 164. 0.

Form 990, Part IX, Line 24E

Miscellaneous 1868. 0. 1868. 0.

Form 990, Part IX, Line 24E

TRAINING 220. 0. 220. 0.

Form 990, Part IX, Line 24E

Stage expense 3628. 0. 3628. 0.

Form 990, Part IX, Line 24E

GIFTS 309. 0. 309. 0.

Form 990, Part IX, Line 24E

TAXES 232. 0. 232. 0.

Raw XML AppendixShowing 400 of 429 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.

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IRS990ScheduleD/EquipmentGrp/DepreciationAmt047012
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt050850
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt00
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CREDIT CARDS PAYABLE
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IRS990ScheduleD/TotalLiabilityAmt09114
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0COUNCIL REVIEWS FORM 990 AND SCHEDULES WITH THE OFFICERS BEFORE DISTRIBUTION TO THE DIRECTORS FOR REVIEW AND FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH BOARD MEMBER RETAINS A COPY OF THE WRITTEN CONFLICT OF INTEREST POLICY WHICH IS REVIEWED ANNUALLY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD ANNUALLY REVIEWS ALL EMPLOYEE COMPENSATION AND OTHER MINOR BENEFITS PROVIDED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3SAME AS ANSWER TO 15a
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION HAS MADE ITS ORGANIZATIONAL DOCUMENTS, CONFLICT OF INTEREST POLICY, AND ITS FINANCIAL STATEMENTS AVAILABLE BY REQUEST TO ONE OF THE BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE PRESIDENT DIRECTOR'S HUSBAND IS PAID WAGES FROM THE ORGANIZATION FOR THE WORK THAT HE PROVIDES FOR THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6OFFICERS ARE TO LOOK OVER THE 990 BEFORE IT IS FILED AND APPROVE THE 990 RETURN
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7POSTAGE 2367. 0. 2367. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8PRINTING 2560. 0. 2560. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9EQUIPMENT 2018. 0. 2018. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10TELEPHONE 1670. 0. 1670. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11WEBSITE 2172. 0. 2172. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12COMPUTER 63. 0. 63. 0.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt16STAGE EXPENSE 3628. 0. 3628. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt17GIFTS 309. 0. 309. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt18TAXES 232. 0. 232. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt III, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt VI, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc14Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc15Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc16Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc17Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc18Form 990, Part IX, Line 24e
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IRS990/USAddress/CityNm0MT JULIET
IRS990/USAddress/StateAbbreviationCd0TN
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ReturnHeader/BuildTS02020-01-14 16:20:31Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0BARBARA FRANKLIN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06157738480

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.76$0.07$0.70$0.92$1.12$0.20
2023Detailed filing. Detailed filing data is available for this year.$1.01$0.08$0.93$1.01$1.36$0.35
2022Detailed filing. Detailed filing data is available for this year.$1.26$0.03$1.22$0.89$1.15$0.25
2021Detailed filing. Detailed filing data is available for this year.$1.72$0.07$1.65$1.68$1.54$0.13
2020Detailed filing. Detailed filing data is available for this year.$1.50$0.03$1.47$1.01$1.06$0.05
2019Detailed filing. Detailed filing data is available for this year.$1.70$0.16$1.54$1.17$1.38$0.21
2018Detailed filing. Detailed filing data is available for this year.$1.83$0.09$1.74$1.06$1.48$0.41
2017Summary only. Only limited summary data is available for this year.$2.40$0.07$2.33$1.18$1.48$0.30
2016Summary only. Only limited summary data is available for this year.$2.82$0.22$2.61$4.91$2.05$2.86
2015Summary only. Only limited summary data is available for this year.$0.10$0.31$1.34$1.48$0.14
2014Summary only. Only limited summary data is available for this year.$0.15$0.17$0.94$0.96$0.03
2013Summary only. Only limited summary data is available for this year.$0.06$0.05$0.95$0.08$0.87
2012Summary only. Only limited summary data is available for this year.$0.04$1.09$0.81$0.88$0.08
2011Summary only. Only limited summary data is available for this year.$0.09$1.07$0.83$1.12$0.29