Civic Intelligence

Franklin Center for Innovation Inc

EIN 84-2628215 • 501(c)3 • Frankfort, KY

Profile

Franklin center for innovation is a collaborative community where makers, entrepreneurs, families, individuals, and children will learn new skills, start a business, be entertained, and build a culture of making new and innovative things. Our mission is to encourage to make, we strive to see people discuss and build their dreams. Our goal is to promote stem education, open source values, and skill sharing among our members, industry, and the community.

801 Schenkel Ln Suite 200Frankfort, KY 40601

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

88th percentile

0.47x

Higher debt load relative to assets than 88% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

78th percentile

0.05x

Higher debt load relative to revenue than 78% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

37th percentile

-4.2%

Higher net margin than 37% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

88th percentile

$22,400

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 18.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

24th percentile

-38%

Faster asset growth than 24% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

48th percentile

-4.4%

Faster revenue growth than 48% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets88th percentile

Assets

Down

$11,895

Down $7,257 (-38%) from 2022

Liabilities

Down

$5,644

Down $2,093 (-27%) from 2022

Net Assets

Down

$6,251

Down $5,164 (-45%) from 2022

Operations
Liabilities / Revenue78th percentileNet Margin37th percentile

Revenue

Down

$124,223

Down $5,720 (-4.4%) from 2022

Expenses

Down

$129,387

Down $213 (-0.2%) from 2022

Net Income

Down

-$5,164

Down $5,507 (-1606%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth24th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$20K$15K$10K$5.0K$0Assets 2021: $11,072Net Assets 2021: $11,0722021Assets 2022: $19,152Liabilities 2022: $7,737Net Assets 2022: $11,4152022Assets 2023: $11,895Liabilities 2023: $5,644Net Assets 2023: $6,2512023

Highlighted filing

2023

Assets$11,895
Liabilities$5,644
Net Assets$6,251
Open 2023 Filing

Operations Trend

Revenue Growth48th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$150K$100K$50K$0-$50KRevenue 2021: $113,588Expenses 2021: $103,772Net Income 2021: $9,8162021Revenue 2022: $129,943Expenses 2022: $129,600Net Income 2022: $3432022Revenue 2023: $124,223Expenses 2023: $129,387Net Income 2023: -$5,1642023

Highlighted filing

2023

Revenue$124,223
Expenses$129,387
Net Income-$5,164
Open 2023 Filing

Filings

Most recent year

2023 • Form 990EZXML pending. An XML filing is linked for this year, but detailed extraction is still pending.

Open filing
Assets
$11,895
Liabilities
$5,644
Net assets
$6,251
Revenue
$124,223
Expenses
$129,387
Net income
-$5,164
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.12$0.06$0.06$1.24$1.29$0.05
2022Detailed filing. Detailed filing data is available for this year.$0.19$0.08$0.11$1.30$1.30$0.00
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.11$0.11$1.14$1.04$0.10
Latest Detailed Filing

The latest 2023 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Aug 31, 2023
Return Version
2022v5.0
Gross Receipts
$129,943
Mission and Program Overview

Mission

Franklin center for innovation is a collaborative community where makers, entrepreneurs, families, individuals, and children will learn new skills, start a business, be entertained, and build a culture of making new and innovative things. Our mission is to encourage to make, we strive to see people discuss and build their dreams. Our goal is to promote stem education, open source values, and skill sharing among our members, industry, and the community.

Program Services

DescriptionGrantsExpenses
PROVIDE A MAKERSPACE, WHICH IS A COLLABORATIVE WORK SPACE FOR MAKING, LEARNING, EXPLORING AND SHARING THAT USES HIGH TECH TO NO TECH TOOLS. THIS SPACE IS OPEN TO KIDS, ADULTS, ADN ENTREPRENEURS AND HAVE A VARIETY OF MAKER EQUIPMENT INCLUDING 3D PRINTERS, CNC MACHINES, SOLDERING IRONS, ETC.-$129,600
Compensation and Service Providers
Top Officer Pay88th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
JASON ALLENExecutive DiFT$26,100-$26,100
JAMIE RUETreasurerPT$870-$870
GARY STRATTONPresidentPT$0--
KELLEY ANDERSONSecretaryPT$0--
MICHAEL CULPCommunity OuPT$0--
MALEK SHAMSID-DEENCommunicatio-$0--
JOHN CHANEYEducation DiPT$0--
Filing and Contact Details

Filer

Filer Name
Franklin Center for Innovation Inc
EIN
84-2628215
Phone
5023820367
Address
801 SCHENKEL LN SUITE 200, FRANKFORT, KY 40601

Signing Officer

Name
Jamie Rue
Title
Treasurer
Phone
5023820367
Signed
2023-08-31
Discuss with paid preparer
Yes

Preparer

Firm
Harrod & Associates
Address
2 HMB CIRCLE A, FRANKFORT, KY 40601-2351
Preparer
David R Harrod CPA
Phone
5026957300
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

“Expenses advertising 620 office supplies 459 internet 922 website/domains 3,516 online booking service 2,707 travel 1,776 interest 82 insurance 3,511 equipment/machines/tools 7,944 meals 1,937 supplies/materials 13,171 garden fund 915 community outreach 897 inspections/licenses 318 training/software 966 returns 46 processing/rental/subscri 989 bank fees 103 non-investment depreciation 3,498 total 44,377”

Form 990-ez, Part II, Line 24

“11,018 19,018 less accumulated depreciation 1,574 5,072 cnc machine refund 0 2,378 total 9,444 16,324”

Form 990-ez, Part II, Line 26

“Unsecured notes and loans payable 0 7,737”

Form 990-ez, Part III

“Franklin center for innovation is a collaborative community where makers, entrepreneurs, families, individuals, and children will learn new skills, start a business, be entertained, and build a culture of making new and innovative things. Our mission is to encourage to make, we strive to see people discuss and build their dreams. Our goal is to promote stem education, open source values, and skill sharing among our members, industry, and the community.”

Form 990-ez, Part III, Line 28

“Provide a makerspace, which is a collaborative work space for making, learning, exploring and sharing that uses high tech to no tech tools. This space is open to kids, adults, adn entrepreneurs and have a variety of maker equipment including 3d printers, cnc machines, soldering irons, etc.”

Raw XML Appendix162 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
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IRS990EZ/BooksInCareOfDetail/PhoneNum05023820367
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0801 SCHENKEL LN
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine2Txt0SUITE 200
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0FRANKFORT
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0KY
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IRS990EZ/ExcessOrDeficitForYearAmt0343
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt028384
IRS990EZ/FiledScheduleAInd0true
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IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt011072
IRS990EZ/Form990TotalAssetsGrp/EOYAmt019152
IRS990EZ/GrossReceiptsAmt0129943
IRS990EZ/InfoInScheduleOPartIIIInd0X
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IRS990EZ/InfoInScheduleOPartIInd0X
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IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt011072
IRS990EZ/NetAssetsOrFundBalancesEOYAmt011415
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt011072
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IRS990EZ/OccupancyRentUtltsAndMaintAmt056506
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt010.00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt540.00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt2870
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt526100
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0GARY STRATTON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1KELLEY ANDERSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2JAMIE RUE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3MICHAEL CULP
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4MALEK SHAMSID-DEEN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5JASON ALLEN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6JOHN CHANEY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3COMMUNITY OU
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4COMMUNICATIO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5EXECUTIVE DI
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6EDUCATION DI
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt09444
IRS990EZ/OtherAssetsTotalDetail/EOYAmt016324
IRS990EZ/OtherExpensesTotalAmt044377
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0FRANKLIN CENTER FOR INNOVATION IS A COLLABORATIVE COMMUNITY WHERE MAKERS, ENTREPRENEURS, FAMILIES, INDIVIDUALS, AND CHILDREN WILL LEARN NEW SKILLS, START A BUSINESS, BE ENTERTAINED, AND BUILD A CULTURE OF MAKING NEW AND INNOVATIVE THINGS. OUR MISSION IS TO ENCOURAGE TO MAKE, WE STRIVE TO SEE PEOPLE DISCUSS AND BUILD THEIR DREAMS. OUR GOAL IS TO PROMOTE STEM EDUCATION, OPEN SOURCE VALUES, AND SKILL SHARING AMONG OUR MEMBERS, INDUSTRY, AND THE COMMUNITY.
IRS990EZ/PrintingPublicationsPostageAmt0333
IRS990EZ/ProgramServiceRevenueAmt010169
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0PROVIDE A MAKERSPACE, WHICH IS A COLLABORATIVE WORK SPACE FOR MAKING, LEARNING, EXPLORING AND SHARING THAT USES HIGH TECH TO NO TECH TOOLS. THIS SPACE IS OPEN TO KIDS, ADULTS, ADN ENTREPRENEURS AND HAVE A VARIETY OF MAKER EQUIPMENT INCLUDING 3D PRINTERS, CNC MACHINES, SOLDERING IRONS, ETC.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt0129600
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0KY
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt07737
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt0129600
IRS990EZ/TotalProgramServiceExpensesAmt0129600
IRS990EZ/TotalRevenueAmt0129943
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt038300
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IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0129943
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IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0281831
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES ADVERTISING 620 OFFICE SUPPLIES 459 INTERNET 922 WEBSITE/DOMAINS 3,516 ONLINE BOOKING SERVICE 2,707 TRAVEL 1,776 INTEREST 82 INSURANCE 3,511 EQUIPMENT/MACHINES/TOOLS 7,944 MEALS 1,937 SUPPLIES/MATERIALS 13,171 GARDEN FUND 915 COMMUNITY OUTREACH 897 INSPECTIONS/LICENSES 318 TRAINING/SOFTWARE 966 RETURNS 46 PROCESSING/RENTAL/SUBSCRI 989 BANK FEES 103 NON-INVESTMENT DEPRECIATION 3,498 TOTAL 44,377
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt111,018 19,018 LESS ACCUMULATED DEPRECIATION 1,574 5,072 CNC MACHINE REFUND 0 2,378 TOTAL 9,444 16,324
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2UNSECURED NOTES AND LOANS PAYABLE 0 7,737
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FRANKLIN CENTER FOR INNOVATION IS A COLLABORATIVE COMMUNITY WHERE MAKERS, ENTREPRENEURS, FAMILIES, INDIVIDUALS, AND CHILDREN WILL LEARN NEW SKILLS, START A BUSINESS, BE ENTERTAINED, AND BUILD A CULTURE OF MAKING NEW AND INNOVATIVE THINGS. OUR MISSION IS TO ENCOURAGE TO MAKE, WE STRIVE TO SEE PEOPLE DISCUSS AND BUILD THEIR DREAMS. OUR GOAL IS TO PROMOTE STEM EDUCATION, OPEN SOURCE VALUES, AND SKILL SHARING AMONG OUR MEMBERS, INDUSTRY, AND THE COMMUNITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PROVIDE A MAKERSPACE, WHICH IS A COLLABORATIVE WORK SPACE FOR MAKING, LEARNING, EXPLORING AND SHARING THAT USES HIGH TECH TO NO TECH TOOLS. THIS SPACE IS OPEN TO KIDS, ADULTS, ADN ENTREPRENEURS AND HAVE A VARIETY OF MAKER EQUIPMENT INCLUDING 3D PRINTERS, CNC MACHINES, SOLDERING IRONS, ETC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART III, LINE 28
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JAMIE RUE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum05023820367
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-08-31
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FRANKLIN CENTER FOR INNOVATION INC
ReturnHeader/Filer/BusinessNameControlTxt0FRAN
ReturnHeader/Filer/EIN0842628215
ReturnHeader/Filer/PhoneNum05023820367
ReturnHeader/Filer/USAddress/AddressLine1Txt0801 SCHENKEL LN SUITE 200
ReturnHeader/Filer/USAddress/CityNm0FRANKFORT
ReturnHeader/Filer/USAddress/StateAbbreviationCd0KY
ReturnHeader/Filer/USAddress/ZIPCd040601
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0611291670
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02 HMB CIRCLE A
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FRANKFORT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0KY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0406012351
ReturnHeader/PreparerPersonGrp/PhoneNum05026957300
ReturnHeader/PreparerPersonGrp/PreparationDt02023-08-21
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAVID R HARROD CPA
ReturnHeader/ReturnTs02023-08-31T16:53:16-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JAMIE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0RUE
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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