Civic Intelligence

Franklin Parks Foundation

990 • Fiscal year 2022 • EIN 87-3968416

Jan 01, 2022 to Dec 31, 2022 • Filed on Oct 31, 2023

Organization Profile
P O Box 634Franklin, VA 23851

(757) 569-8156

Siviq Scores

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

Liabilities / Assets

58th percentile

0.00x

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

58th percentile

0.00x

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

98th percentile

96%

Higher net margin than 98% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2022

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2022

Balance Sheet
Liabilities / Assets58th percentile

Assets

$276,240

No earlier filing loaded for comparison.

Net Assets

$276,240

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue58th percentileNet Margin98th percentile

Revenue

$251,500

No earlier filing loaded for comparison.

Expenses

$10,260

No earlier filing loaded for comparison.

Net Income

$241,240

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$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

2022

Assets$276,240
Liabilities$0
Net Assets$276,240
Open 2022 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this 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

2022

Revenue$251,500
Expenses$10,260
Net Income$241,240
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Oct 31, 2023
Return Version
2022v5.0
Gross Receipts
$251,500
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-$144,707-
Cash and Non-Interest-Bearing Accounts$35,000$131,533▲ $96,533
Total Assets$35,000$276,240▲ $241,240
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$35,000$168,606▲ $133,606
Net Assets With Donor Restrictions-$107,634-
Total Net Assets Fund Balance$35,000$276,240▲ $241,240
Total Liabilities and Net Assets / Fund Balance$35,000$276,240▲ $241,240

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$143,707$4,149$147,856
Land$1,000-$1,000
Compensation and Service Providers
Top Officer Pay78th percentile

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$251,500
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$251,500
Change in Net Assets
$241,240
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$10,260
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
Fees for Services Legal-$4,681-$4,681
Depreciation Depletion$4,149--$4,149
Advertising$1,396--$1,396
Office Expenses-$34-$34
Total Functional Expenses$5,545$4,715$0$10,260
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 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
P O BOX 634, FRANKLIN, VA 23851

Signing Officer

Name
Brenton D Burgess
Title
Treasurer
Signed
2023-10-31
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
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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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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$276,240
Liabilities
$0
Net assets
$276,240
Revenue
$251,500
Expenses
$10,260
Net income
$241,240
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