John & Mary Franklin Foundation Inc
- Assets
- $30.9m
- Revenue
- $669.9k
- Investments
- $30.2m
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 11/1956
- Data as of
- 12/2023
- EIN
- 58-6036131
Organization Overview
John & Mary Franklin Foundation Inc is located in Atlanta, GA. The organization was established in 1956. 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. John & Mary Franklin Foundation 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 12/2023, John & Mary Franklin Foundation Inc generated $669.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (12.3%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (5.2%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robin M Murray _director | 20 | $36,770 | |
John B Carter Jr Trustee | 20 | $0 | |
Marion B Glover Trustee | 20 | $0 | |
Jerry W Nix Chairman | 5 | $0 | |
Elizabeth R Jones Trustee | 20 | $0 | |
E Kendrick Smith Trustee | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $977,084 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$307,232 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $669,852 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $36,770 |
| Other employee salaries and wages | $34,072 |
| Pension plans, employee benefits | $2,607 |
| Interest | $0 |
| Taxes | $27,235 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $7,265 |
| Printing and publications | $0 |
| Other expenses | $118 |
| Total operating and administrative expenses | $211,108 |
| Contributions, gifts, grants paid | $1,322,829 |
| Total expenses and disbursements | $1,533,937 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $649,693 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,746,308 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $30,857,208 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |