Civic Intelligence

Franklin Parks Foundation

EIN 87-3968416 • 501(c)3 • Franklin, VA

Pub. 78 Eligible990-N Coverage

Profile

To protect, preserve, and maintain local parks and related property in the city of franklin, virginia.

PO Box 775Franklin, VA 23851
Siviq Scores

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

Liabilities / Assets

33rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

35th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

79th percentile

27%

Higher net margin than 79% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

55th percentile

$0

Higher top officer pay than 55% of similar nonprofits.

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

501(c)3 • $500k-$1M nonprofits • Source year 2024

Asset Growth

52nd percentile

4.0%

Faster asset growth than 52% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

3rd percentile

-75%

Faster revenue growth than 3% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets33rd percentile

Assets

Up

$682,101

Up $26,532 (+4.0%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$682,101

Up $26,532 (+4.0%) from 2023

Operations
Liabilities / Revenue35th percentileNet Margin79th percentile

Revenue

Down

$100,000

Down $306,300 (-75%) from 2023

Expenses

Up

$73,469

Up $46,498 (+172%) from 2023

Net Income

Down

$26,531

Down $352,798 (-93%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth52nd percentile

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

$800K$600K$400K$200K$0Assets 2022: $276,240Liabilities 2022: $0Net Assets 2022: $276,2402022Assets 2023: $655,569Liabilities 2023: $0Net Assets 2023: $655,5692023Assets 2024: $682,101Liabilities 2024: $0Net Assets 2024: $682,1012024

Highlighted filing

2024

Assets$682,101
Liabilities$0
Net Assets$682,101
Open 2024 Filing

Operations Trend

Revenue Growth3rd percentile

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

$600K$400K$200K$0Revenue 2022: $251,500Expenses 2022: $10,260Net Income 2022: $241,2402022Revenue 2023: $406,300Expenses 2023: $26,971Net Income 2023: $379,3292023Revenue 2024: $100,000Expenses 2024: $73,469Net Income 2024: $26,5312024

Highlighted filing

2024

Revenue$100,000
Expenses$73,469
Net Income$26,531
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$682,101
Liabilities
$0
Net assets
$682,101
Revenue
$100,000
Expenses
$73,469
Net income
$26,531
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$6.82$0.00$6.82$1.00$0.73$0.27
2023Detailed filing. Detailed filing data is available for this year.$6.56$0.00$6.56$4.06$0.27$3.79
2022Detailed filing. Detailed filing data is available for this year.$2.76$0.00$2.76$2.52$0.10$2.41
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 6, 2025
Return Version
2024v5.0
Gross Receipts
$100,000
Mission and Program Overview

Mission

To protect, preserve, and maintain local parks and related property in the city of franklin, virginia.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$522,779$472,574▼ $50,205
Cash and Non-Interest-Bearing Accounts$132,790$209,527▲ $76,737
Total Assets$655,569$682,101▲ $26,532
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$555,458$498,377▼ $57,081
Net Assets With Donor Restrictions$100,111$183,724▲ $83,613
Total Net Assets Fund Balance$655,569$682,101▲ $26,532
Total Liabilities and Net Assets / Fund Balance$655,569$682,101▲ $26,532

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$468,849$83,559$552,408
Land$3,725-$3,725
Compensation and Service Providers
Top Officer Pay55th percentile

Board Members and Trustees

NameTitle
James E Craig JrPresident
Gillette CouncilSecretary
Brenton D BurgessTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$100,000
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$100,000
Change in Net Assets
$26,531
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$73,469
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$53,232--$53,232
Fees for Services Other$18,910$25-$18,935
Fees for Services Legal-$1,275-$1,275
Office Expenses-$27-$27
Total Functional Expenses$72,142$1,327$0$73,469
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
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 9

“JAMES E CRAIG JR”

Form 990, Page 6, Part VI, Line 11B

“Tax return reviewed by president prior to submission.”

Form 990, Page 6, Part VI, Line 19

“Documents are available to the public upon request made to the president.”

Filing and Contact Details

Filer

Filer Name
Franklin Parks Foundation
EIN
87-3968416
Phone
7575698156
Address
PO BOX 775, FRANKLIN, VA 23851

Signing Officer

Name
Brenton D Burgess
Title
Treasurer
Signed
2025-05-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brenton D Burgess
Formed
2021
Legal Domicile
Va
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
3

Preparer

Firm
Burgess & Co Plc Cpas
Address
PO BOX 634, FRANKLIN, VA 23851
Preparer
Brenton D Burgess CPA
Phone
7575698156
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

“To protect, preserve, and maintain local parks and related property in the city of franklin, virginia, and surrounding areas.”

Form 990, Part IX, Line 11G

“Taxes and licenses 0 25 0 landscaping 14,360 0 0 timber cruise fee 800 0 0 professional environmental sv 3,750 0 0 total 18,910 25 0”

Form 990, Part XI, Line 9

“ROUNDING 1”

Raw XML Appendix277 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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ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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