Franklin Cooperative Ministry Inc
- Assets
- $880.0k
- Revenue
- $384.1k
- Investments
- $0.0
- Employees
- 5
- Location
- Franklin, VA
- Founding
- 10/1993
- Data as of
- 12/2021
- EIN
- 54-1623576
Organization Overview
Franklin Cooperative Ministry Inc is located in Franklin, VA. The organization was established in 1993. 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 12/2021, Franklin Cooperative Ministry Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Franklin Cooperative Ministry Inc 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 12/2021, Franklin Cooperative Ministry Inc generated $384.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $429.5k during the year ending 12/2021. While expenses have increased by 5.8% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
FRANKLIN COOPERATIVE MINISTRY INC.'S PRIMARY MISSION IS TO PROVIDE ASSISTANCE TO THE DISADVANTAGED FOR HOUSING, UTILITIES, PRESCRIPTIONS, DENTAL CARE, HOUSEHOLD GOODS AND CLOTHING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CLOTHING PROVIDED TO 35 FAMILIES IN NEED.
2,889 FOOD BAGS WERE PROVIDED TO 287 FAMILY HOUSEHOLDS IN NEED IN OUR AREA.
RENT, UTILITIES AND MEDICAL ASSISTANCE PROVIDED TO 208 FAMILIES.
OTHER MISCELLANEOUS PROGRAMS SUCH AS SCHOOL SUPPLIES, EMERGENCY ASSISTANCE, AND TRANSPORTATION ASSISTANCE PROVIDED TO 4 FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jackie Cutchins Director/vic | OfficerTrustee | 0.5 | $0 |
Nancy C Greene Director/sec | OfficerTrustee | 0.35 | $0 |
Geraldine R Lewis Director/tre | OfficerTrustee | 10 | $0 |
Rev Lou Ventura Director/cha | OfficerTrustee | 0.25 | $0 |
Faith Atkinson Director | Trustee | 0.25 | $0 |
Peggy Cheek Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $379,450 |
| Noncash contributions included in lines 1a–1f | $208,993 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $379,450 |
| Total Program Service Revenue | $0 |
| Investment income | $4,656 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $384,106 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $277,291 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $87,381 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,000 |
| Payroll taxes | $6,692 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $305 |
| Office expenses | $6,880 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $29,730 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,189 |
| Insurance | $0 |
| All other expenses | $66 |
| Total functional expenses | $429,534 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $78,259 |
| Savings and temporary cash investments | $301,396 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $500,341 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $879,996 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,200 |
| Total liabilities | $2,200 |
| Net assets without donor restrictions | $877,796 |
| Net assets with donor restrictions | $0 |
| 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 | $879,996 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Franklin Cooperative Ministry Inc has recieved totaling $9,006.
| Awarding Organization | Amount |
|---|---|
Westfield Insurance Foundation Westfield Center, OH PURPOSE: FAMILY STABILITY | $8,000 |
Eastman Foundation Kingsport, TN PURPOSE: COVID 19 RELIEF | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $6 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Telamon Corporation Raleigh, NC | $28,971,791 | $85,006,099 |
Dismas Charities Inc Louisville, KY | $50,549,022 | $73,995,842 |
Democracy Fund Inc Washington, DC | $93,636,268 | $59,747,292 |
Interchurch Medical Assistance Inc Washington, DC | $35,417,903 | $56,104,166 |
Mag America Inc Washington, DC | $11,970,594 | $53,429,692 |
Friends Of The World Food Program Inc Washington, DC | $25,343,754 | $59,828,688 |
Catholic Charities Of The Archdiocese Of Washington Inc Washington, DC | $69,271,644 | $52,757,033 |
Audubon Area Community Services Inc Owensboro, KY | $41,933,406 | $49,214,124 |
City First Enterprises Inc Washington, DC | $50,642,589 | $41,161,285 |
United Planning Organization Washington, DC | $21,957,692 | $39,543,643 |
Navy Marine Coast Guard Residence Foundation Mclean, VA | $169,576,374 | $36,329,894 |
Jewish Social Service Agency Rockville, MD | $78,004,250 | $40,027,018 |