Franklin Food Pantry Incorporated
- Assets
- $3.2m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 13
- Location
- Franklin, MA
- Founding
- 06/1995
- Data as of
- 06/2024
- EIN
- 04-3272663
Organization Overview
Franklin Food Pantry Incorporated is located in Franklin, MA. The organization was established in 1995. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 06/2024, Franklin Food Pantry Incorporated employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Franklin Food Pantry Incorporated is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2024, Franklin Food Pantry Incorporated generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 10.2% each year . All expenses for the organization totaled $1.3m during the year ending 06/2024. While expenses have increased by 7.5% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
FOOD PANTRY. SEE PART III LINE 1 FOR MORE DETAIL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A FOOD PANTRY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rachel Flum Chair | OfficerTrustee | 5 | $0 |
Suzanne Gendreau Vice Chair | OfficerTrustee | 3 | $0 |
Susan Dewsnap Treasurer | OfficerTrustee | 2 | $0 |
Vicki Coates Secretary | OfficerTrustee | 2 | $0 |
Jim Barton Director | Trustee | 2 | $0 |
Amber Baur Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $50,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,281,962 |
| Noncash contributions included in lines 1a–1f | $389,701 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,331,962 |
| Total Program Service Revenue | $0 |
| Investment income | $12,051 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $208,540 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,552,553 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $461,433 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $83,200 |
| Compensation of current officers, directors, key employees. | $8,320 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $366,736 |
| Pension plan accruals and contributions | $13,797 |
| Other employee benefits | $19,500 |
| Payroll taxes | $40,216 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,796 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $13,967 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,427 |
| Advertising and promotion | $121 |
| Office expenses | $43,717 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $21,034 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $347 |
| Interest | $18,593 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $90,084 |
| Insurance | $14,846 |
| All other expenses | $519 |
| Total functional expenses | $1,270,103 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $272,077 |
| Savings and temporary cash investments | $509,322 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $38,723 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $104,496 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,245,813 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $21,955 |
| Total assets | $3,192,386 |
| Accounts payable and accrued expenses | $45,220 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $447,984 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $493,204 |
| Net assets without donor restrictions | $2,469,955 |
| Net assets with donor restrictions | $229,227 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,192,386 |