Franklin Simpson Renaissance
- Assets
- $752.6k
- Revenue
- $261.5k
- Investments
- $0.0
- Employees
- 2
- Location
- Franklin, KY
- Founding
- 05/1997
- Data as of
- 06/2023
- EIN
- 61-1281151
Organization Overview
Franklin Simpson Renaissance is located in Franklin, KY. The organization was established in 1997. According to its NTEE Classification (S22) the organization is classified as: Neighborhood & Block Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2023, Franklin Simpson Renaissance employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Franklin Simpson Renaissance 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 06/2023, Franklin Simpson Renaissance generated $261.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $273.6k during the year ending 06/2023. While expenses have increased by 1.3% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE TOURISM AND BUSINESS IN SIMPSON COUNTY AND TO PRESERVE HISTORICAL AND ARCHITECTURAL LANDMARKS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COURTYARD AROUND COURTHOUSE WAS MAINTAINED AND DECORATED SEASONALLY AND FLOWERS WERE DISTRIBUTED AROUND THE SQUARE TO ENHANCE THE ENTIRE AREA.
SPECIAL EVENTS, SUCH AS JULY JAM, SMALL TOWN CHRISTMAS, AND SUMMER NIGHT CONCERTS, WERE SPONSORED TO PROMOTE CULTURE AND ENHANCE THE SMALL TOWN ATMOSPHERE.
FACADE GRANTS WERE GIVEN TO BUSINESSES AROUND THE SQUARE TO IMPROVE THE APPEARANCE AND PRESERVE HISTORIC BUILDINGS DOWNTOWN. SIDEWALKS, BENCHES AND THE BAND STAND WERE IMPROVED TO MAKE DOWNTOWN MORE APPEALING. CATALOGUES AND MAPS WERE DISTRIBUTED TO HELP WITH TOURISM.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mac Donaldson President | OfficerTrustee | 1 | $0 |
Sam Crocker Vice President | OfficerTrustee | 1 | $0 |
Amanda Thurman Secretary | OfficerTrustee | 1 | $0 |
Steve Thurmond Treasurer | OfficerTrustee | 1 | $0 |
Myron Thurman Board Member | Trustee | 1 | $0 |
Chris Davidson Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,300 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $52,250 |
| All other contributions, gifts, grants, and similar amounts not included above | $58,864 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $113,414 |
| Total Program Service Revenue | $9,129 |
| Investment income | $23,702 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,001 |
| Net Gain/Loss on Asset Sales | $3,669 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $110,587 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $261,502 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $450 |
| Grants and other assistance to domestic individuals. | $7,390 |
| 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 | $76,014 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,264 |
| Payroll taxes | $5,890 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,375 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,183 |
| Office expenses | $7,879 |
| Information technology | $203 |
| Royalties | $0 |
| Occupancy | $8,181 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $812 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,647 |
| Insurance | $6,083 |
| All other expenses | $0 |
| Total functional expenses | $273,556 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $189,844 |
| Savings and temporary cash investments | $34,700 |
| 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 | $3,199 |
| Investments—publicly traded securities | $524,902 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $752,645 |
| Accounts payable and accrued expenses | $2,192 |
| 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 | $0 |
| Total liabilities | $2,192 |
| Net assets without donor restrictions | $0 |
| 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 | $750,453 |
| Total liabilities and net assets/fund balances | $752,645 |
Grants Awarded
Over the last fiscal year, Franklin Simpson Renaissance has awarded $20,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MAYFIELD TORNADO RELIEF PURPOSE: SUPPPORT RELIEF FUND | $10,000 |
GALLERY ON THE SQUARE PURPOSE: SPONSOR PROGRAMMING | $10,000 |