Franklin Savings Bank Community Development Foundation

Organization Overview

Franklin Savings Bank Community Development Foundation is located in Farmington, ME. The organization was established in 2000. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Franklin Savings Bank Community Development Foundation 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 12/2023, Franklin Savings Bank Community Development Foundation generated $625.6k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 15.3% each year . All expenses for the organization totaled $491.7k during the year ending 12/2023. While expenses have increased by 12.8% per year over the past 4 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.

Since 2020, Franklin Savings Bank Community Development Foundation has awarded 352 individual grants totaling $1,183,919. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

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Board, Officers & Key Employees

Name (title)Compensation
Bradford S Adley
Director
$0
Robert L Berry III
Director
$0
James L Eastlack
Director
$0
Richard H Smith
Director
$0
James M Witt IV
Director
$0
Katherine W Yardley
Director (start June 2023)
$0

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $503,160
Interest on Savings $122,466
Dividends & Interest $0
Net Rental Income$0
Net Gain on Sale of Assets $0
Capital Gain Net Income $0
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $625,626

Grants Awarded

Over the last fiscal year, Franklin Savings Bank Community Development Foundation has awarded $488,430 in support to 140 organizations.

Grant RecipientAmount

ALBISTON FOUNDATION

PURPOSE: GENERAL OPERATING SUPPORT

$2,000

30 MILE RIVER WATERSHED ASSOCIATION

PURPOSE: GENERAL OPERATING SUPPORT

$2,000

ANDOVER EDUCATIONAL FUND INC

PURPOSE: GENERAL OPERATING SUPPORT

$500

ANIMAL WELFARE SOCIETY

PURPOSE: GENERAL OPERATING SUPPORT

$1,500

AUTISM SOCIETY OF MAINE

PURPOSE: GENERAL OPERATING SUPPORT

$500

BETHEL AREA DISTRICT EXCHANGE AND FOOD PANTRY

PURPOSE: GENERAL OPERATING SUPPORT

$200
View Grant Profile

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